Board Of Aldermen - Minutes - 6/1/2021 - P3
Special Board of Aldermen 06-01-2021 Page 3
President Wilshire
Thank you very much. | don’t think the Mayor is on our meeting or Corporation Counsel?
Alderman Dowd
No, the only one is Mr. Griffin.
President Wilshire
Alright, so as is our customer, | will turn the rest of the meeting over to the Chair of the Budget Review
Committee, Alderman Dowd.
Chairman Dowd
Yes, this evening, we will be hearing a Public Hearing on R-21-145, Authoring the interfund transfer and
appropriation of $325,000.00 from the Broad Street Parkway Capital Project activity to the Nashua Mill Yard
Dog Park Capital Project Activity for the purchase of property located L Pine Street, Map 77, Lot 5. Is there
anyone here to talk this Resolution before we get started? Director Cummings?
Tim Cummings, Director of Economic Development
Yes | believe myself and CFO Griffin are here this evening to speak on the matter. If | may, | would just
kind of give a quick orientation to the body here and then | would leave the financial aspects to CFO Griffin,
if that’s the pleasure Mr. Chair.
Chairman Dowd
Yes that’s fine, go ahead.
Director Cummings
Thank you. So | am here to ask for your favorable consideration of the Legislation before you this evening,
it's a two-part bill or a two-part piece of Legislation. The first part was the entering into a Purchase & Sale
Agreement which this body has previously approved to us L Pine Street or what is also referred to as Map
77-5 on the City’s Assessor's maps. It is a little over 4 acres of land that we would like acquire, use
specifically for open space and a dog park. It is abutting the Mine Falls Park and it would just behoove us
to make a trail head there. It is right now being used in such a manner even technically we don’t own it and
this just would allow us to be able to use it in the way we already have been customarily. So with those
comments being made, | am going to yield the floor to CFO Griffin who can talk to you a little bit about the
financial aspects of this Legislation; of course happy to take any questions at the end.
Chairman Dowd
Mr. Griffin?
John Griffin, CFO
Yes, CFO John Griffin. Thank you Mr. Chair, members of the Board. What we are asking for tonight is for
the Board to have a favorable recommendation to take certain monies of the Broad Street Parkway Project
Activity Fund and move it into a newly created Millyard Dog Park Activity Fund. The reason why we haven't
requested a repurposing of bond proceeds is because upon review of the activities associated with the
Broad Street Parkway Activity Fund, there’s more than enough other revenue, other than the bonds to meet
the $325,000.00 request. Specifically, this particular activity has been around for quite some time as you
