REPORT OF THE FINANCE COMMITTEE
JULY 6, 2016
A meeting of the Finance Committee was held on Wednesday, July 6, 2016, at 7:03 p.m. in the
Aldermanic Chamber.
Mayor Jim Donchess, Chair, presided.
Members of the Committee present: Alderman-at-Large Lori Wilshire
Alderman-at-Large Michael B. O’Brien
Alderman June M. Caron
Alderman Ken Siegel
Members not in Attendance: Alderman-at-Large Mark S. Cookson. Vice Chair
Alderman Benjamin M. Clemons
Also in Attendance: Assistant Chief Brian Rhodes, Nashua Fire Rescue
Mr. David G. Fredette, City Treasurer
Ms. Sarah Marchant, Director, Community Development
Mr. Dan Kooken, Purchasing Manager
PUBLIC COMMENT - None
COMMUNICATIONS
MOTION BY ALDERMAN SIEGEL THAT THE RULES BE SO FAR SUSPENDED AS TO ALLOW FOR THE
INTRODUCTION OF A COMMUNICATION RECEIVED AFTER THE AGENDA WAS PREPARED
MOTION CARRIED
From: Mayor Jim Donchess
Re: Emergency Replacement of 60 Ton Condensing Unit at Nashua Public Library (Value: $46,075)
MOTION BY ALDERMAN SIEGEL TO ACCEPT, PLACE ON FILE AND AUTHORIZE THE PAYMENT OF
$46,075 TO PALMER & SICARD. FUNDS ARE AVAILABLE IN THE GENERAL FUND, ESCROW FUNDS,
MAJOR CAPITAL OUTLAYS/IMPROVEMENTS
ON THE QUESTION
Alderman Siegel
| have no problem with the library replacing this as it is clearly a high priority item. It’s just the source of
funding. Does the library have trust funds available for this type of emergency?
Mayor Donchess
Mr. Fredette can come forward but | think he will verify that they have funds in reserve for this air conditioner
replacement which they anticipated would be needed.
Mr. Fredette
The money they are asking to use is escrow money from fiscal year ’16 that they have had for air conditioning
work there. They do have quite a bit of trust funds. Most of their trust funds are restricted for a specific use,
usually it’s related to books, concerts and that kind of stuff so | don’t know if they have any that could be used
for this, | really can’t answer that. They are doing a lot of construction there now on a certain wing but that was
all through the Chandler Memorial Trust which is allowed to be used for that.
