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  2. Finance Committee - Agenda - 2/17/2016 - P7

Finance Committee - Agenda - 2/17/2016 - P7

By dnadmin on Mon, 11/07/2022 - 09:56
Document Date
Wed, 02/17/2016 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 02/17/2016 - 00:00
Page Number
7
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__021720…

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OFFICE OF CORPORATION COUNSEL
MEMORANDUM
TO: Board of Aldermen
FROM: _ Stephen M. Bennett, Esq., Corporation Counsel
DATE: _ February 1, 2016

RE: Nashua Collegiate Baseball, Inc.

Recently this board approved a 90 day extension, from January 1, 2016 to March
31, 2016, of the Concession Agreement between the City of Nashua and Nashua
Collegiate Baseball. The parties requested this extension due to ongoing negotiation for
the sale for the team. Those negotiations have not proceeded as quickly as anticipated
and the current Franchisor anticipates operating the team into the 2016 baseball season.
In order to conduct its baseball operations for the 2016 baseball season, the Franchisor
has requested to exercise its option to extend the Agreement. Other than the extension of

the Agreement through December 31, 2016, all other terms shall remain the same.

229 Main Street — P. O. Box 2019 / Nashua, NH 03061-2019 / Telephone (603) 589-3250 / FAX (603) 589-3259

Page Image
Finance Committee - Agenda - 2/17/2016 - P7

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