DEVELOPMENT AGREEMENTDevelopment Agreement • January 4th, 2024 • Massachusetts
Contract Type FiledJanuary 4th, 2024 JurisdictionThis Development Agreement (“Agreement”) is entered into as of this day of January, 2024 by and between the Town of Adams, Massachusetts, a Massachusetts municipal corporation acting by and through its Select Board and having a principal place of business at 8 Park Street, Adams, Massachusetts (hereinafter, the “Town”), and Shared Estates Asset Fund I, LLC, a Delaware limited liability company with a place of business at 2 Kemble Street, Lenox, MA01240 and a mailing address at PO Box 1961, Lenox, Massachusetts 01240 (hereinafter, the “Developer”) in connection with the anticipated sublease of certain land under Town control for the purpose of the construction, development and operation of a four season campground and cabin rental business providing a variety of overnight guest accommodations, including tent sites, rental camper sites, rental cabins and associated infrastructure and amenities. Capitalized terms used in this Agreement shall have the meanings ascribed to them in Article 1