(INN Holocaust Memorial in Nashua, Inc.
NEVER FORGET, NEVER AGAL
N 4 wavedet iiecitarnre morial.org
[] 24 Cheyenne Drive
Nashua, NH 03063
(603) 889-2316
fredtee(@comcast.nei
October 7, 2016
Jim Donchess, Mayor
City of Nashua
229 Main Street
Nashua, NH 03060
Subject: Deposit of $4,000 into the City of Nashua Expendable Trust Fund
The Memorandum of Agreement to construct the NH Holocaust Memorial in Rotary Common
was adopted by the City of Nashua with Resolution R-10-43 on August 10, 2010 and signed by
Mayor Lozeau on August 26, 2010.
The Memorandum of Agreement provides for:
> Part III: The Corporation shall establish an endowment fund for purpose of maintaining the
memorial. $13,500 and any additional funds remaining upon completion of construction shall
be initially deposited into the maintenance fund. Proceeds from this fund shall be transferred
as necessary to the city and deposited into an expendable trust fund designated to maintain the
memorial.
The Holocaust Memorial in Nashua, Inc. established a fund since the adoption of Resolution R-10-
43 in year 2010, which has been used to maintain the memorial.
During a meeting on 18 July, 2016 the city’s Department of Public Works expressed the need for a
not-to-exceed $4,000 for constructing a water irrigation system to maintain the memorial site.
The City adopted an Expendable Trust Fund (ETF) #7579 with Resolution R-16-055 on September
14, 2016. This memorandum serves to document the deposit of four thousand dollars ($4,000) by
corporate check #0616 dated October 7, 2016 into this Expandable Trust Fund.
With this $4,000 deposit to the city’s ETF the corporation’s maintenance fund is now depleted to
below $500. With no additional contributions received nor expected since construction was
completed, and the anticipated dissolution of the corporation with its mission now accomplished,
this mefintenance fund is not expected to grow. 4
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Raa Memorial iz Nashua, & Ie. . (EIN B/G OQ5925)
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