Special Bd. of Aldermen — 08/06/2019 Page 24
You've got to do Fright Night. Marguerite’s Place, Adult Learning Center, you name it, Nashua Soup Kitchen,
Grow Nashua, so you name a local Nashua non-profit and we’ve given money to it. So | think we’d appreciate
the extension. It would just help us be a full participant of this project.
Alderman Clemons
Thank you. | completely understand that from a commercial lending perspective you have to have that lease in
place in order for a lender to give you that loan. You know a few years ago when | was on the Board we did that
for the Airport Authority and we did that for private citizens who had hangars and different things that they
wanted to do; get loans for that they were unable to so we extended that out for 99 years | think. But | certainly
would support extending a lease and |, you know, like you said everything you have done for the community has
been great. | think the mission there has been achieved and | can’t see needing to really discuss many major
changes to that lease. So as long as we are under similar terms, | think | could support something like that.
Alderman Jette
So forgive me for asking but it’s the only way | am going to find out. Somebody said, unless | misunderstood
that you get like a $650,000.00 profit. Did | hear correctly is that true?
Mr. Hall | wish it was true. If it was we’d give it right back to the community. No, no what | think you remember
is Mayor Donchess and | corrected him, over since 2004 we’ve given out $760,000.00 over that amount of
years, approximately $50,000.00 a year.
Alderman Jette
May | continue? So is Conway, are you guys doing this as a service to the City, whatever you take in it pays off
your expenses, you’ve got the note to service and you guys personally are not making any money.
Mr. Hall No, no no.
Mr. Hall For full disclosure | own an HVAC Company | do work for the City, | do work at Conway Arena, | do
work for the Boys Club so there is a little of that but we don’t, we give everything out to the non-profits, we put
money into a reserve. Two years ago we put new rubber flooring in all the locker rooms. Last year we bought a
new Zamboni to replace the original; that was $100,000.00. This fall we are redoing the rest of the rubber
flooring. So | certainly encourage you to go by and take a look at it.
We take a lot of pride in it but all the money that we make at the end of the year, just like you said, goes to the
non-profits, goes to the mortgage. We put some in the reserve just for these type of expenses that come up.
But none of us make a salary or get paid or anything for our involvement with the arena, it is truly a love for the
City and hockey and figure skating.
Alderman Jette
Well thank you for clarifying that.
