The Woodmont Commons development agreement is heading to the Town Council for a vote.
The agreement was one of the focuses of the Planning Board at its 7 p.m. meeting Wednesday, Aug. 28, a meeting that followed a 6 p.m. meeting between the Planning Board and Town Attorney Mike Ramsdell to go over the document.
Board member John Laferriere noted the board received the final agreement at 4 p.m. that same day.
The agreement includes a 20-year duration from the date of execution, development of Woodmont Commons as a Planned Unit Development (PUD), a schedule of development, future changes and modifications, restrictive covenants, infrastructure such as roads and their design, New Hampshire Department of Transportation approvals, transportation development fees, impact fees, a cemetery donation of up to three acres, and land within the PUD for schools if the town deems that a school is warranted.
Resident John Wilson asked of the document was solely the work of the developers or was a collaboration, and board chairman Arthur Rugg said it was the result of collaboration of the attorneys. Wilson said he liked the concept of the developers agreeing to pay shortfalls in tax revenue if the development doesn