BY THE CITY OF NASHUA “The Cate City”
conomic, Develonment.D ion,
To: Mayor Donchess, City of Nashua
From: Tim Cummings, Economic Development Division Director
Ce: Janet Graziano, Financial Manager
Date: August/2018
Re: Professional Services Contract with Pinnacle Advisory Group
Request
The Office of Economic Development requests the approval of the contract before you in the amount of
$15,000.00 with Pinnacle Advisory Group of Boston, Massachusetts.
Background
Please see the attached communication from Pinnacle Advisory Group dated July 23, 2018 for
information related to this purchase.
Pursuant to NRO § 5-83 Professional Services (A) In the purchase of accounting, architectural, auditing,
engineering, legal, medical and ambulance services and purchases of independent professional consultant
services for personnel, data processing, actuarial, planning, management and other comparable purchases
competitive bidding shall not be required.
Consideration was given relative to price, specific experience with similar projects and
creditability within the industry.
Pinnacle Advisory is an extremely reputable group with very select knowledge within a niche
real estate industry. A quote of $15,000 is reasonable based on past studies executed.
Purpose of Expenditure
As you may know there is a desire to bring a hotel to the downtown and we have had some
private sector interest. To better position the city a market study is needed to help guide our
decision making.
