Finance Committee - 3/21/2018 Page 7
R-18-012
Endorsers: Mayor Jim Donchess
Alderwoman Mary Ann Melizzi-Golja
Alderman-at-Large Lori Wilshire
Alderman Richard A. Dowd
Alderman Patricia Klee
Alderman-at-Large Brandon Michael Laws
Alderman Linda Harriott-Gathright
Alderman June M. Caron
Alderwoman-at-Large Shoshanna Kelly
Alderman-at-Large David C. Tencza
Alderman-at-Large Michael B. O’Brien, Sr.
AUTHORIZING THE CITY OF NASHUA TO ENTER INTO CONTRACTS WITH NASHUA COMMUNITY
COLLEGE, RIVIER UNIVERSITY, TOWN OF HUDSON, TOWN OF MERRIMACK, AND THE PLUS
COMPANY FOR TRANSIT SERVICES
Mayor Donchess
Could you please explain this one.
Sarah Marchant
| am the Community Development Director. This is a contract that we renew annually with the entities listed for
them. They give us an amount that’s a discounted rate of rides per year for their students. Their students can
ride the whole system for free. We enter into contracts based on an average of the last several year’s ridership
with them and we charge them $1.00 a ride instead of $1.25. Their students can ride the whole system for free
anywhere, anytime. It’s also a huge benefit to the transit system because we cannot use fare box revenue as
matching funds to our FTA dollars but we can use contracted services like this as matching dollars to FTA
funds. So it’s very valuable to us to have contracts like this.
Mayor Donchess
Please have the record show that Alderman O’Brien has arrived from Concord. Any discussion or questions
regarding R-18-012. Is there a motion?
MOTION BY ALDERMAN CARON FOR FINAL PASSAGE OF R-18-012.
MOTION CARIES
PRESENTATION
Capital Equipment Reserve Fund Presentation
Mayor Donchess
Just to review a little bit, when we met a week ago Monday or was it two weeks regarding the State ordered
revaluation we suggested that the funds that would be necessary to contract for this service would be able to
come from the CERF account in which there is a significant balance. At the time it was suggested the Finance
Committee, the committee that is authorized to make the contract, to authorize funds such as this, give a
presentation regarding the CERF account, how it works and discuss any other issues you’d like to discuss
concerning the proposed contract. So Mr. Griffin has a presentation that he’d like to make. | am going to talk
through the first couple of slides, which will be very brief and then we will go on from there.
