THE CITY OF NASHUA “The Cate City
To: J. Donchess, Mayor - M. Cookson, V. Chair
From: Tim Cummings, Director of Economic Development
Ce: Members of Finance Committee
Date: November/2017
Re: R-17-139 — Request Amendment
Purpose of Memo
I am writing to request an amendment to R-17-139 “Authorizing the City of Nashua To Enter Into A Lease
Agreement With Absolute Broadcasting, LLC for a Portion of 1 Pine Street Extension.”
Status
R-17-139 was heard by the Finance Committee on October 18" and tabled.
Background
As you may know, the City of Nashua now possesses 1 Pine Street Extension and while inventorying, securing
and otherwise doing due diligence the City learned that Absolute Broadcasting, LLC uses a de minimis portion
of the building to operate its radio station. Essentially, for storage and other personal property pertinent to
operating a radio antenna in close proximity.
Upon discovery of this matter the city wants to ensure from a liability standpoint the proper
insurance/protections are in place, which is why R-17-139 is before you.
Absolute Broadcasting, LLC or otherwise known as “WSMN 1590” is in transition. The ownership is now a
small business group actively working to stabilize the radio station purchasing the station in the spring of 2017.
They are currently moving from one end of Main Street to the other.
Therefore, to assist this small downtown business, which was not anticipating a $3,000 cost I am asking that
the rental figure be amended as outlined below. This is a small and temporary gesture we can make to help this
business cash flow appropriately and stabilize itself while also encouraging a local media outlet to prosper.
Request
Tam requesting the following:
In line four (4) of the first paragraph of R-17-139 after the word “is” please strike the following; “two hundred
and fifty dollars ($250.00) per month ($3,000.00 annually). The term is for two years.” and replace it with the
following; “one dollar ($1.00) per year. The term is for two (2) years with two options to extend for additional
two year periods.”
Relative to the Lease Agreement attached to Resolution R-17-130 on page two (2) in paragraph 3.01 entitled
“RENT.” in line 3 after the word “be” the figure “$250.00” is stricken and replaced with the following;
“$1.00”.
Please see the enclosed proposed amended copy of R-17-139 dated Nov. 15" 2017, which if the committee so
desires could be substituted in its entirety if a motion is made an accepted.
