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  2. Finance Committee - Minutes - 10/7/2020 - P6

Finance Committee - Minutes - 10/7/2020 - P6

By dnadmin on Mon, 11/07/2022 - 13:25
Document Date
Wed, 10/07/2020 - 00:00
Meeting Description
Finance Committee
Document Type
Minutes
Meeting Date
Wed, 10/07/2020 - 00:00
Page Number
6
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_m__100720…

Finance Committee - 10/07/2020 Page 6

Yea: Mayor Donchess, Alderwoman Lu, Alderman Harriott-Gathright,
Alderwoman Kelly, Alderman Laws, Alderman O’Brien 6

Nay: 0
MOTION CARRIED

UNFINISHED BUSINESS - None

NEW BUSINESS — RESOLUTIONS

R-20-076
Endorsers: Mayor Jim Donchess
Alderman Richard A. Dowd
Alderwoman-at-Large Shoshanna Kelly
Alderman Patricia Klee
Alderman Skip Cleaver
Alderman Thomas Lopez
Alderman-at-Large Michael B. O’Brien, Sr.
Alderman Linda Harriott-Gathright
Alderman-at-Large Lori Wilshire
AUTHORIZING AN ENERGY PERFORMANCE CONTRACT AND LEASE FINANCING
ARRANGEMENT

MOTION BY ALDERMAN HARRIOTT-GATHRIGHT TO RECOMMEND FINAL PASSAGE, BY ROLL CALL.

Mayor Donchess

The members I’m sure are aware that this was the subject of last night’s public hearing and a rather extensive
explanation was given at that time. But basically this is authorizing the payment of lease payments, in order to
do a major energy saving project with the School Department at the two High Schools. The objective is to
convert to LED lighting and make a number of other energy efficiency measures at each High School. The
resulting savings will be about $460,000.00 a year. The engineering company that has designed this project is
guaranteeing the $460,000.00 of savings and will write a check to the City if that level of savings is not
achieved in any one or any number of years. But they are very confident that it will be for 60 or more. EEl,
who is the engineering company, has done extensive work with Manchester and other public bodies so they do
know what they are doing. The School Department, Shaun Smith, and Dan Donovan, and also Doria Brown,
Energy Manager have worked on this.

The lease payments will be $450,000.00 a year so the City would save at least $10,000.00 probably more. But
the reduction of the carbon footprint is considerable. This will save about 1,600 tons of carbon emissions
every year equivalent and Doria figured this out to be 340 something automobiles. The City, in terms of
automobiles and SUV’s only has about 80 which are used regularly and about 16 sort of back ups so it’s like
taking the City’s car and SUV fleet off the road several times over. It will be a big step to achieving the energy
goals that we have articulated of a 20% reduction in carbon emissions by 2025. | won’t go into more detail just
because | think a lot of you heard it last night. But! did have one question for Alderwoman Lu. You asked a
question about the interest rate and | actually answered it but then when | got through, | think that my speaker
was on mute, so | don’t know if you heard the answer great, if you didn’t | can answer it again. But | didn’t know
if you could hear that or not?

Alderwoman Lu

Yes, | heard you speak, yes.

Page Image
Finance Committee - Minutes - 10/7/2020 - P6

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