Because a devolution of the confidential information likely would render the proposed actions ineffective until such time as the board of Algman determines that the purpose of the confidentiality would no longer be served.

And devote by roll call.

Yes, but don't forget all the mentibadone.

Five minutes.

Yep, five minutes.

Okay.

So Director Cummings.

Yes, thank you, Madam President.

Again, this evening, we have a proposal by LMG to discuss their vision for the redevelopment site.

Again, uh, the way I envision uh this uh this next hour or so unfolding is they will do a presentation uh to the body.

Um, my recommendation is it be in public, and then if you do have questions and you feel those questions will be in a nature that would go uh in the realm of business terms that you uh then go into a non-public session uh for those types of questions, and then we could come out after.

So, Madam President, with that being said, I have uh Peter Floats, president of LMG here this evening to uh give you a little bit of an overview along with his architect.

Uh and so with that being said, if if you'd like, we could approach and start the presentation.

Absolutely.

Great, thank you.

Thank you.

Uh good evening.

Are these on all the time?

Uh yes.

Yes.

And you just being the wheel.

Yes.

This is cool.

It's backwards.

Can we change the most?

Yeah, sorry.

Okay.

Good evening, everybody.

My name is Peter Floats.

I'm the uh founder and president of Lansing Melbourne Group.

Uh, some of you may be familiar with us.

Um we're we finished up High Street Flats uh in downtown uh about a year and four months ago.

Um I think we may have a slide or two on that.

And um we were the successful bidder on the NIMCO project, um, which we are about to start demolition on in the next 30 days.

Uh I literally signed the contract for that this past week.

Um since then, we bought the Bagshaw building next door.

Um I guess we like Nashua a little bit.

Um between those and uh High Street.

Uh we also had bought an industrial parcel uh here in town that unfortunately uh somebody bought from us before we got a chance to get going on it.

So um we've invested about between what we're gonna do on Nimco and Bagshaw and then High Street Flats, a couple hundred million dollars here in town in the last uh two years, and then going forward over the next two years, and uh and we can't get enough.

So happy to be here uh by the skin of my teeth.

I literally landed in Boston an hour and 42 minutes.

Um so I'll try not to pant.

Uh you've seen the slides, I think, before.

I I'm not expecting anybody to read here, but more more importantly than anything else.

I wanted to just point out the fact that we've partnered with neighborworks on this project.

That is not the first time we partnered with them.

There are partners on a project in Manchester that we're getting ready to break ground on in September.

Um we've been really impressed with them as a partner.

We've been impressed with their business model and their ability to deliver affordable product.

Um as we talked through with staff uh as we were negotiating the NIMCO agreement, we're realizing that affordability is more and more important to the success of a project like this when it's a public-private venture.

Um we're not experts at that, uh, but neighborworks is and so what you'll find out about us in general is that um we're we're relatively good at figuring out what we don't know how to do, and we try to build a team around those weaknesses so that we can fill in and and help out.

Um there's some literature you have that's about the team we've got.

These are our our New Hampshire centric folks.

We also have an operation in North Carolina, uh, and then I kind of float around.

I live in Florida and float around to these other places and try to find more work for everybody else.

Um we're partnered up with Harvey Construction, they are exclusively our builder.

We've never built in New Hampshire with anyone else.

We don't plan to build with anyone else.

Um Tim here Engelbert is here in Nashua.