Finance Committee - 11/15/2017 Page 6
Alderman Clemons
We didn’t have a trade-in value assigned on the original paperwork. It was submitted, and now we do.
MOTION CARRIED
Resolutions
MOTION BY ALDERMAN CLEMONS TO TAKE FROM THE TABLE R-17-139
MOTION CARRIED
Mayor Donchess
For the record, we should note that Alderman Cookson has joined the meeting.
R-17-139
Endorser: Mayor Jim Donchess
AUTHORIZING THE CITY OF NASHUA TO ENTER INTO A LEASE AGREEMENT WITH ABSOLUTE
BROADCASTING, LLC FOR A PORTION OF 1 PINE STREET EXTENSION
e = Tabled — 10/18/2017
MOTION BY ALDERMAN CLEMONS TO AMEND R-17-139 BY REPLACING IT WITH THE PROPOSED
AMENDMENT PLACED ON OUR DESKS THIS EVENING
Mayor Donchess
And attached to the Cummings memorandum.
Alderman Cookson
Difference in language?
Mayor Donchess
The difference is that the lease, as drafted, asked for a rent of $250.00 a month, and this is for the antenna for
WSMN, which is now housed in the Nimco building. Mr. Cummings has recommended that this is a downtown
business that is in transition; there is a change in ownership. They’re switching locations from their current
location on Main Street to a very visible corner location at E. Pearl and Main in the Masonic building. He’s
recommending that we grant them the lease for $1.00 as opposed to $250.00 a month. That’s the substance
of the agreement.
Alderman Cookson
Is the lease agreement with the new ownership?
Mayor Donchess
Yes.
Alderman Cookson
So they’re still being called Absolute Broadcasting, LLC?
