unrelated to any EPA, DES, or other regulatory guidelines. Preliminary findings
indicate that none of the amounts have originated on the Airport property. NAA
has hired its own environmental engineers who, along with the NHDES, are
currently assessing any potential risk or action that may be required ofithe NAA.
Key Leases: About two years ago, SNHU entered into multi-term land leases with
the NAA for its educational facility in the former Daniel webster College flight
center. As you may know, SNHU discontinued its Flight Operation Program
shortly after starting the program. Even though SNHU has continued to pay the
amounts duc under the leases, the first term expires August 2024 and there has been
no indication that SNHU will renew the remaining terms. The revenue from those
leases account for approximately 8% of our operating budget and the loss of
revenue from those leases would have a negative impact on our operating budget.
The NAA will continue to monitor this situation.
Please contact the Nashua Airport Authority or the Airport Manager for any questions or
comments you may have.
Respectfully Submitted,
NASHUA AIRPORT AUTHORITY
Dadehea>
David R. Heath, Treasurer
