Finance Committee - 08/19/2020 Page 11
Alderwoman Kelly
Yes, most of my questions were asked so | was trying to decide if | had any additional ones. | wanted to ask
about timing. | think this is great, | know that we’ve heard really good feedback from downtown. But my
question is we are running up against fall. When does the lease run out on the current ones and is there a
reason why we need to approve it now when we probably won’t put them up until after winter.
Mayor Donchess
Well we would put these up when we get them. So we think we could get these up in September so we’d see
them for a couple of months this year, at least that’s the plan.
Alderwoman Kelly
So is our lease out on the ones that are currently there?
Mayor Donchess
The lease goes until | think November 15, doesn’t it?
Director Cummings
Correct.
Mayor Donchess
So that kind of the drop dead date. So if we get these in September they'd be out 6 / 8 weeks before the
removal.
Alderwoman Kelly
What’s the price comparison if we kept with the lease versus switching to the purchase?
Mayor Donchess
For next year or for this current year?
Alderwoman Kelly
Current year.
Mayor Donchess
We can use GOFERR Funds for these, meaning Federal Funds directed through the State of New Hampshire.
So the tax impact here is zero.
Alderwoman Kelly
My question is are we breaking a lease of the ones that we have and the cost per month and are we getting a
better deal by buying them and using them for 6 to 8, that’s my question.
Director Cummings
If | may, Mr. Mayor?
