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  2. Finance Committee - Minutes - 9/7/2016 - P3

Finance Committee - Minutes - 9/7/2016 - P3

By dnadmin on Mon, 11/07/2022 - 09:49
Document Date
Wed, 09/07/2016 - 00:00
Meeting Description
Finance Committee
Document Type
Minutes
Meeting Date
Wed, 09/07/2016 - 00:00
Page Number
3
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_m__090720…

Finance Committee Page 3
September 7, 2016

Alderman Deane

Supply is high for natural gas because we didn’t have the summer that was anticipated. Have you looked at
going out... what are you looking at a timeframe for locking in? Are you going to try to lock in?

Mr. Danielson

| would and | would be looking at a shorter timeframe than the schools so it could be another 12-month
contract. Our current electric contract is good until next November so the contracts we are looking at now
would be staring next November and then to another date in the next fiscal year. | would probably look for a
12-month contract especially with the potential for net metering. Net metered accounts cannot be on the third
party supply, they have to be on the default rate.

Alderman Deane

You mean the net metered accounts to be the two dams?

Mr. Danielson

We would assemble a list of accounts that would net meter with the dams so for example, the police
department and the fire department, certain electricity accounts would be net metered.

Alderman Deane

And you are only looking for a 12-month lock?

Mr. Danielson

It depends on the pricing. When we looked at the school last week the 36-month lock period was the best
pricing other than the 12-month so it kind of bumped up in the middle. In the long-term the 36-month contract
was more favorable.

Alderman Deane

I’ve already done mine so I’m just interested.

MOTION CARRIED

From: Dan Kooken, Purchasing Manager
Re: Contract for NPD Roof Replacement Project (Value: $79,150)

MOTION BY ALDERMAN SIEGELTO ACCEPT, PLACE ON FILE AND AWARD THE CONTRACT TO
CHICK BEAULIEU IN THE AMOUNT OF $79,150. SOURCE OF FUNDING IS DEPARTMENT 150,
NASHUA POLICE DEPARTMENT; TRUST FUND

ON THE QUESTION

Alderman Siegel

In reading this there was a disqualification for a failure to return addendum #1 that | saw. | can certainly
understand the Kevin Smith and Son because they weren’t going to handle the HVAC equipment. It seemed
to me that addendum #1 was something that the vendor was going to return to you if they needed more
clarification on the bid itself. Am | wrong on that?

Page Image
Finance Committee - Minutes - 9/7/2016 - P3

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