Finance Committee - 08/05/2020 Page 4
Oh ok.
Mayor Donchess
Now one thing that needs to be clarified from last time because this question came up and the tentative answer
| gave you was correct. The proceeds of this sale are from the remainder of a parcel that was partially used for
the Broad Street Parkway. We are talking now about the main parcel here, 44 Broad Street. The proceeds of
that sale will go not to the City of Nashua but back to the Federal Government because they advanced the
funds to make these acquisitions.
Alderwoman Lu
Thank you for clarifying that. | thought that we were (inaudible) for general use. At the Board of Aldermen
meeting | thought the discussion or when it was presented that they were for General Consulting going
forward. Is it specifically for this parcel?
Mayor Donchess
Well there are other Broad Street parcels that are also in a similar situation. But 44 Broad is the most
significant of them.
Alderwoman Lu
Thank you.
Director Cummings
Mr. Mayor, if | may?
Mayor Donchess
Go ahead.
Director Cummings
| just want to clarify because | didn’t hear the motion clearly but | just want to make sure we are all clear on the
process. The motion, | don’t know if it’s a recommendation to the Full Board of Aldermen, but the intention of
this contract is to be multi-year and per our code we need to make sure that it is approved by the Board of
Aldermen. So if the motion is for approval by this Finance Committee, | am going to ask that the motion read
for recommendation for full approval with the Board of Aldermen so this can be a multi-year contract. Thank
you.
Alderwoman Kelly
Mr. Mayor if | could.
Mayor Donchess
Alderwoman Kelly?
Alderwoman Kelly
