Council approves $8.1 million Colonial Theatre sales agreement
Laconia City Council unanimously approves $8.1 million Colonial Theatre purchase agreement and impact fee allocations. In a motion by Councilor Soucy seconded by Councilor Conant, the Council approved the Purchase and Sale Agreement with 609 Main Street, LLC for a purchase price of $8,117,653.39
City Council · Meeting of May 26, 2026
NH LACONIA — Laconia City Council unanimously approves $8.1 million Colonial Theatre purchase agreement and impact fee allocations. In a motion by Councilor Soucy seconded by Councilor Conant, the Council approved the Purchase and Sale Agreement with 609 Main Street, LLC for a purchase price of $8,117,653.39 offsetting the December 2019 promissory note debt. For FY27, the City commits $268,200 in bond principal from the General Fund, $188,500 in bond interest from Downtown TIF, and $60,000 in condo association fees from Downtown TIF.
The Council also unanimously approved two impact fee requests totaling $39,000: $5,000 for Public Library archway repointing and $34,000 for a Parks and Recreation administrative vehicle. The Council approved Temporary Traffic Order 2026-08 for Concerts on Canal with $600 in city fees waived.
In the full story:
- The complete report — 476 words
Source: the City Council meeting of May 26, 2026, reported from the official video recording and transcript.
Members read the rest of this story and every Laconia meeting we cover, in full.
Become a memberAlready a member? Sign inA 30-day free trial needs a payment method. After it, your membership renews at the price shown at checkout until you cancel, which you can do anytime from your account. Subscription terms
Share this brief
Know someone in Laconia who follows town government? Share Townbrief Laconia: they can sign up free.