IL. Background
The City of Nashua is a community of over 89,000 residants nestled in southern New Hampshire
along the bustling Everett Turnpike Highway. A historic community with a culture steep In
innovation and technology.
the City of Nashua. This request for proposals is not a contract and alone shail not be
interpreted as such but rather serves as an instrument through which proposals are solicited,
The City of Nashua may reject any or all of the proposals on any basis and without disclosure of
a reason. The failure to make such a disclosure shall not result in accrual of any right, claim or
cause of action by any unsuccessful bidder against the City of Nashua.
THE CITY OF NASHUA
Miecamectel Seemicen
“The Gate City"
Purchasing Qefairtesest
Vay 25, 2018
Reguest for Proposals
RFPOOLS-060448
Real Estate Brokerage & Marketing Services
The City of Nashua, NH seeks a real estate firm specializing in residential real estate to provide
brokerage and marketing services for property owned by the City of Nashua. itis the intent of
this RFP to have the successful broker/firm enter into a Professional Services Contract with the
Enclosure
RFP0019-060418
Real Estate Brokerage & Marketing Services
Response From
Brochu Realty Group
Of Keller Williams Metropolitan Realty
"The Gate City"
4s THE CITY OF NASHUA
Economic Development Division
To: Mayor Donchess, City of Nashua
From: Tim Cummings, Economic Development Division Director
Ce: Janet Graziano, Financial Manager
Date: August/2018
Re: Real Estate Broker Contract
Request
The Office of Economic Development requests the approval of the contract before you in the amount of
30,00 with Brochu Realty Group of KW Realty Metropolitan of Bedford, New Hampshire.
Background on Procurement
| THE CITY OF NASHUA “The Cate City’
Financial Services
Purchasing Department
August 30, 2018
Memo #19-056
TO: MAYOR DONCHESS
FINANCE COMMITTEE
SUBJECT: CONTRACT FOR RESIDENTIAL REAL ESTATE BROKERAGE & MARKETING
SERVICES (VALUE: $0)
DEPARTMENT: 183 ECONOMIC DEVELOPMENT; FUND: NONE
Please see attached communication from Tim Cummings, Director of Economic Development dated
August/2018 for the information related to this purchase.
Tim Cummings
July 23, 2018
ACCEPTANCE
If the foregoing proposal details the nature of the work you wish undertaken at this time and
arrangements are satisfactory, please sign the enclosed copy of this proposal and return it to us as
our authorization to schedule the assignment. If, on the other hand, you have any questions, please
feel free to contact us. We look forward to working with you on this interesting assignment.
Respectfully submitted,
Rachel J. Roginsky, ISHC
Principal
Tim Cummings
July 23, 2018
e Pinnacle shall not be required to give testimony or appear in court or at a deposition by
reason of this assignment, with reference to the property in question unless arrangements
have been made previously therefore.
Tim Cummings
July 23, 2018
e Based on the projected income stream for the Project, coupled with general development
costs and financing terms, coupled with required returns on investment, we will determine
the feasibility for hotel development. For the purpose of this analysis, we will ascribe no
value to the land assuming that the land is leased for $1.
® Upon completion of our market research and analysis, we will prepare a brief memo (6-8
pages) that that addresses the following:
Pinnacle Advisory Group
Boston NewYork NewportBeach Portland Tampa Washington DC
Hospitality Consulting
Asset Management
Real Estate Appraisal Rachel J. Roginsky, ISHC
Litigation Support
July 23, 2018
Tim Cummings
Director of Economic Development
City of Nashua,
229 Main Street
Nashua, NH 03061-2019
Sent via email: cummingst@nashuanh.gov
Dear Mr. Cummings:
