Special Bd. of Aldermen — 08/06/2019 Page 27
Alderman Dowd
We just moved two budget meetings to account for some other legislation. So the two budget meetings are
going to be September 5" and | think the 11". Excuse me, nope that’s wrong. So the August 26"" Budget is
going and | don’t know if this has to go to Budget or not but it is going to September 5" and the September 23”
is going to September 16". So one is being pushed back and one is being moved up.
President Wilshire
We will work it out with our Legislative Manager.
Alderman Clemons
Yeah | was going to say that it has to be done this month it can’t move into September.
Alderman Dowd
We are moving the meetings for other legislation reasons some of which you are very interested in.
President Wilshire
We will find the dates; | assure you we will it’s a good project and thank you.
Mr. Weeks Just to be very clear, so | am the construction guy so forgive my ignorance to the political process.
It is an accelerated timeline, that is not because we are trying to force a decision; but it is because it takes time
to build these things. And some of these things are outside of our control. The way that the tax law works it’s
not just my team building that project, it has to meet something which is called “Utility Permission to Operate”.
So even after my team finishes the actual construction, there are another few weeks of stuff that Eversource
and Unitil and the utilities that we have to do. And if we do not get that all completed and all our T’s crossed and
our I’s dotted by September 31°, that tax credit goes down, meaning the tax credit to the investor goes down
meaning that the savings to the taxpayers of Nashua also go down. | just want to build stuff so anything that
can be done to allow my team to spend, | also have to spend roughly $270,000.00 to write checks to make this
happen and | would love the certainty before | spend that money that this project is going to come to fruition.
So | just wanted to clarify that is where the time pressure is coming from not our desire to be greedy, but
basically it actually provides a better financial return to the taxpayers of Nashua. Thank you.
President Wilshire
Understood, thank you very much for that clarification, really appreciate that. And we will make this work, we
will make the timeline work anyway.
