Board Of Aldermen - Minutes - 1/10/2017 - P7
Board of Aldermen Page 7
January 10, 2017
would suggest reaching out to them via e-mail or the phone because it is my intention to not have them come
again to the meeting.
MOTION CARRIED
REPORTS OF COMMITTEE
Finance COMMiIttee........ occ ceccceccceccceceeeceeeeeeeaueeauseaeseaeeeaeseaeeeaeenaes 12/21/16
There being no objection, President McCarthy declared the report of the December 21, 2016
Finance Committee accepted and placed on file.
WRITTEN REPORTS FROM LIAISONS — None
CONFIRMATION OF MAYOR'S APPOINTMENTS — None
UNFINISHED BUSINESS — RESOLUTIONS
R-16-084
Endorsers: Alderman David Schoneman
Alderman Richard A. Dowd
Alderwoman Mary Ann Melizzi-Golja
Alderman Don LeBrun
Alderman Tom Lopez
Alderman-at-Large Brian S. McCarthy
AUTHORIZING A TWENTY YEAR EXTENSION (FROM 2047 TO 2067) OF THE MASTER LEASE
TO THE NASHUA AIRPORT AUTHORITY
Given its second reading;
MOTION BY ALDERMAN SCHONEMAN TO AMEND R-16-084 IN ITS ENTIRETY BY REPLACING IT WITH
THE GOLDEN ROD COPY PROVIDED WITH THE AGENDA
ON THE QUESTION
Alderman Schoneman
The only change is to change the term. The Nashua Airport Authority initially asked for a 20-year extension
from 2047 to 2067 and the master lease has in fact been amended and extended for various lengths of time
since its inception in 1974. In this case for two purposes, one to avoid what could seem to be a haphazard
periodic extension process and two, to give more authority to the Nashua Airport Authority or more ability to
attract investments. All of the buildings out there are built with private investment on leased land so to give
more security to investors we have asked for or changed it to amend it say that the master lease will continue
until December 31, 2115; that’s a 99-year extension which went through the Finance Committee in December
of 2016.
MOTION CARRIED
MOTION BY ALDERMAN SCHONEMAN FOR FINAL PASSAGE OF R-16-084 AS AMENDED
MOTION CARRIED
Resolution R-16-084 declared duly adopted as amended.
