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  2. Board Of Aldermen - Minutes - 8/6/2019 - P23

Board Of Aldermen - Minutes - 8/6/2019 - P23

By dnadmin on Sun, 11/06/2022 - 22:37
Document Date
Tue, 08/06/2019 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 08/06/2019 - 00:00
Page Number
23
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__080620…

Special Bd. of Aldermen — 08/06/2019 Page 23

Alderman Clemons

OK. If | could continue? Knowing that makes you know | think, I’m glad that that was factored in because | think
this is for me anyway, this is no-brainer because it is no upfront cost to the City and regardless of whether or not
down the line we purchase the array on top of these buildings, we are going to be saving money. So as
somebody who is responsible for making sure that we are doing everything we can to save the tax payer a
dollar, not doing this would be foolish. So | certainly will support this project.

President Wilshire
Any other questions?

Mr. Weeks Well thank you so much, we threw a couple of just feel good in terms of community engagement,
James briefly mentioned that we love to come into the schools and educate. That moderating platform can be
made available to the entire community. And so we hope that if we have the opportunity to complete these
installations we can serve as a partner educating the community and helping to achieve maybe in my humble
opinion the most important slide here is the actual environmental benefits as a concerned citizen with young
kids as many of you, with kids or grandkids. These projects alone would have a very meaningful environmental
impact in terms of carbon pollution reduction. We thank you so much for your leadership and the opportunity to
present.

Mayor Donchess

Madam President, | think there are two things we should cover. Number 1 how soon does this need to be
approved in order to make this definitely feasible for this year. And Number 2 | was thinking we might ask Mr.
Hall who is representing Conway and their participation, these financials rely on their participation as well.
Maybe let him, Mr. Hall address any, | mean | know it is generally supported, but there is the lease issue, maybe
let him address this a little on that.

Charles Hall, President Board of Directors Conway Arena Charles Hall, 37 Chestnut Street, President of the
Board of Directors at Conway Arena. Thank you for inviting us. Representing our Board is Jim Conway, Tom
Monahan, Morgan Hollis, Brad Craig and Joe Bellevance Jr. So approximately 2002/2003 we entered into an
agreement with the City to build Conway Arena. We took a parking lot next to the DPW and built a beautiful
facility. It was approximately a $3.7 facility; we have a note of about $1.2. We are well on our way to paying
that off. Why we would like to extend the lease, so we have a 30-year lease. And with the addition of the solar
panels which is a great thing, this now gives us the ability in year approximately 2023, that 6" year that Dan
talked about of buying the array out for about $490,000.00. So in year ’23 we would probably want to take
another note for that, whether we need to take the full amount of what but this would be longer than a 7 year
note so this gives us that flexibility to do that. Also, although you said the roof will last forever? It probably will
but we'd like the flexibility that if at year 30 we need to replace the roof, it gives us that flexibility as well. So
what we would really like would be an additional 20 years which would make it a total of 50.

In giving back and hopefully everybody here agrees that we’ve been a real community supporter and have done
a good job as stewards for the arena. Alderman Caron and Mayor Donchess were at our event last week when
we gave over $50,000.00 as you mentioned, which actually now totals since 2004 we’ve give over $760,000.00
to local nonprofits, Boys & Girls Club, Nashua Y, Police Athletic League, Fright Night.

Page Image
Board Of Aldermen - Minutes - 8/6/2019 - P23

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