AMENDED
R-17-134
RESOLUTION
AUTHORIZING THE SALE OF LAND ON THE EAST SIDE OF MEDICAL CENTER
DRIVE (SHEET 31, LOT 12) TO SOUTHERN NEW HAMPSHIRE MEDICAL CENTER
FOR $300,000, ESTABLISHING AN EXPENDABLE TRUST FUND FOR DOWNTOWN
REDEVELOPMENT INITIATIVES, AND APPROPRIATING THE $300,000 OF
PROCEEDS INTO THE EXPENDABLE TRUST FUND
CITY OF NASHUA
In the Year Two Thousand and Seventeen
RESOLVED by the Board of Aldermen of the City of Nashua that the Mayor is hereby
authorized to sell City property located on the east side of Medical Center Drive between East
Hollis Street and John Street in the City of Nashua, New Hampshire, known as or more
particularly described as Nashua Assessor’s Sheet 31, Lot 12, containing 21,780 square feet +/-,
being used as a parking lot, to Southern New Hampshire Medical Center on terms and conditions
substantially similar to the attached Purchase and Sale Agreement. The purchase price for the
property is three hundred thousand dollars ($300,000).
FURTHER RESOLVED by the Board of Aldermen of the City of Nashua that pursuant
to NH RSA 31:19-a, the City of Nashua hereby establishes an expendable trust fund for the
purpose of downtown redevelopment initiatives, which can include funding the purchase of real
property for the purpose of creating additional parking and for the upkeep and maintenance
operations of our current parking lots. The Board of Aldermen is appointed as the agent to
expend. Any balance remaining in this expendable trust fund at each fiscal year end will not
lapse or be closed out to the General Fund, but will remain in this expendable trust fund.
FURTHER RESOLVED by the Board of Aldermen of the City of Nashua to appropriate
$300,000 of unanticipated revenue received from the sale of this property into this new
expendable trust fund.
As this is a resolution which supplements the budget, the following information is
provided pursuant to NRO § 5-145, E:
Assuming pending R-17-127 (“Relative to the supplemental appropriation of $500,000 of
unanticipated revenue to the hydropower reserve fund for the purpose of repairing the turbine at
the Jackson Mills Dam’”’) passes, the accumulated sum of all appropriations of the FY2018
combined annual municipal budget is $266,098,979. The FY2018 dollar amount under the limit
established by City Charter Section 56-c is $1,418,105.
