City of Nashua
March 18, 2019
Page 4
City on those matters at the discounted hourly rate described in this letter but our work on those
would not be subject to the cap described in this letter.
In addition to the fees for services described above, the City will pay or reimburse us for state or
other governmental filing fees to organize and/or maintain the entities which will participate in
the transactions described, photocopying, faxes, telephone services and other out-of-pocket
disbursements to third parties in connection with the Project. For budgeting purposes, we expect
that the amounts described in this paragraph will be $1,500 or less.
We also discussed that this firm or our affiliate, Classic Title Co., is available to provide any
required title services or insurance that will be required in this transaction.
Either the City or Drummond Woodsum may terminate this agreement [other than the City’s
responsibility to pay previously earned fees and charges] if the City has not been notified by
September 30, 2019 that a NMTC allocation is available for the Project.
The services provided under this fee arrangement will be considered complete upon the closing
of the Project’s NMTC financing unless the agreement is terminated prior to that time.
Please sign both originals of this letter enclosed to acknowledge that you have read the above
agreement before signing il, and to evidence your agreement to the terms of this fee agreement.
We are pleased to serve as your counsel and we look forward to working with you on this
project.
Very truly yours,
DRUMMOND WOODSUM & MACMAHON
By, gt!
J ohp’S, . Kaminski
SEEN AND AGREED TO:
CITY OF NASHUA
By:
Name:
Title:
