City of Nashua
Professional Services Contract
Real Estate Appraisal
This Contract is made as of April _, 2020, by and between the City of Nashua, a New
Hampshire municipal corporation, 229 Main Street, Nashua NH 03061 (“City”) and Stephen
Traub, ASA, NHCG-350, Property Valuation Advisors, 63 Hill Street, Newburyport, MA
01950 (“Appraiser”). Each of the City and the Appraiser are a “Party” and collectively, the
“Parties.”
WHEREAS, the City has need of an independent real estate appraiser to render consultation and
reports in various tax abatement appeals filed in New Hampshire Superior Court for tax year
2018 and to provide, if required, expert support for settlements and mediations and expert
testimony in those appeals (collectively, the “Matter”); and
WHEREAS, the Appraiser represents that he is qualified to render such services for the City.
NOW THEREFORE, in consideration of the mutual promises set forth in in this Agreement and
for other good and valuable consideration, the Parties hereby agree to the following:
1. PROPERTY IDENTIFICATION (each and collectively a “Property”)
Acct. Map Property Ownership Property Type SF 2018
#: Address Assessment
1. 42,146 | G-480 16 Airport RD Law Realty Co. ine. Coml. Warehouse 17,832 $898,300
3, 432,345 | G-481 17 Airport RD Law Realty Co. Inc. Coml. Warchouse 10,101 $645,100
3. 42444 | G-482 18 Airport RD Law Realty Co. Ine, Coml, Warehouse 10,870 $677,400
4, 19.816 G-4 27 Airpart RD Law Realty Co. Ine, Coml. Warchouse 125,834 | $5,901,500
5. 19,858 G-34 30 Airport RD Law Realty Co. Inc, Coml. Warehouse 133,182 | $5,249,700
6. 16.074 G-77 15 Charron ST Law Realty Co. Inc. =| Coml. Warehouse 75,468 $2,968,600
7. 28,980 G-89 17 Tanguay AVE Law Realty Co. Inc. | Factory 45,278 $2,485,200
8. 40,23 G-452 18 Tanguay AVE Law Realty Co. Inc. Industrial/Warchouse 9.441 $620,600
9, 27,528 E-125 375 W, Hollis ST Law Realty Co. Inc. Factory’ Warehouse 93,200 $4,077,200
10, 33.062 | H-173 3 Capitol ST State Sireet Realty Factory/Warchouse 52,915 $2,621,200
llA 37,974 | H-174L4 4 Capitol ST State Street Realry Ind. Bldg (Bidg only} 100,000 | 33.1 £1,500
118 33,060 | H-174-4 4 Capitol ST State Street Realty Com. Land (land only $1,607,500
2. INTEREST VALUED & TYPE OF VALUE
Fee simple. Market value.
3. INTENDED USE
To assist City and trier of fact, the Hillsborough County Superior Court, if required, in
determining market value for purposes of tax abatement appeals.
