September 22, 2016
Nashua
Public
Library
Director’s Report: Budget available for Chandler Wing construction
| spoke with the Treasurer’s office last week about the funds available for the Chandler
Wing construction project. According to the trust accountant, as of 7/31/16 there is
approximately $533,000 available in the various accounts assigned to this project:
e $379,000 (Market Value ~ will fluctuate) in investments and principal cash, and
about $6,800 in income cash in the Chandler, Hickey and Locke Trust Funds.
e $147,252 cash available from the sale of the Chandler building that is in a special
revenue fund.
She recommends that we expend the account from the sale of the Chandler building
first and then the trust funds.
The proposal that ranked the highest in our evaluation has a potential total cost of
$496,790: the board will need to select which alternates to include in the project with
the exception of the moisture mitigation, which may be required after moisture testing
is completed on the concrete floor.
Base Bid 412,357
Alternate 1: moisture mitigation (if required) 28,330
Alternate 2: Aluminum storefront walls (3,123)
Alternate 3: Upgrade to columns 2,696
Alternate 4: New ADA bathroom 25,530
Architect fees 10,000
Contingency (5%) 21,000
Total 496,790
Once the Board takes a final vote on the contractor and alternates selected, the project
will go before the Finance Committee. Their next meeting is on Wednesday, October 5",
2 Court Street | Nashua, NH 03060 | 603.589.4600 | www.nashualibrary.org
