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THE CITY OF NASHUA “The Gate City’
Economic Development
To: L. Wilshire, President
From: T. Cummings, Director
Ce: Members of the Board of Aldermen
Date: July 8, 2020
Re: Communication ~ Approval & Place on File - A Contract for NAI Norwood to assist as
necessary on a case by case basis with the advisory and procurement/disposition of commercial real
estate
The City has various commercial real estate needs from on-call advisory services to disposition
or even the procurement of commercial real estate. The contract before you retains a local
commercial brokerage firm to assist the City as necessary as a retained commercial broker.
For your review and consideration is a copy of the Professional Services Contract related to the
services as anticipated with Exhibits outlining the scope and basis for fees, is attached. The
contract is the City’s standard Professional Services contract.
In 2019 the city released an RFP seeking proposals for the aforementioned services. Three
responses were submitted to the City and a small review team consisting of the City’s
Corporation Counsel, Administrative Services Director and the Director of Economic
Development Director met and interviewed two of the three groups. At the conclusion of the
process it was decided NAI Norwood would be the best group to provide advisory and brokerage
services. Coincidently, they were the only local group to submit and the lowest proposed fee.
The contract is before the Board of Aldermen because it is envisioned to be multi-year. I am
requesting the approval of the Board of Aldermen for the award of the attached contract.
