Finance Committee - 4/17/2019 Page 9
Alderman O’Brien
Thank you. Mr. Cummings, particularly of interest in one of the ancillary projects would be invasive species
removal. Ok, could this contract, can she help us out maybe with some granting? | know the State does have
some things and we need to take care of that river, we don’t want no more dirty water, you can keep it in
Boston. But we want Nashua to be good.
Mayor Donchess
What was the song again?
Alderman O’Brien
Oh | love that dirty water. Yes. Mr. Cummings knows the tune.
Mr. Cummings
| do and if | may Mr. Mayor the answer is yes and in fact Director Marchant and | already sat down with Ms.
Gyawali and started that conversation. As you know, the invasive species removal process is being really run
out of the Community Development Office. Because that invasive species removal is so integral to the TIF and
the success of the Riverfront Meena Gyawali will be intimately involved and could help us by adding some
additional resources such as grants and what not.
Alderman O’Brien
Very good.
MOTION CARRIED
From: Dan Kooken, Purchasing Manager
Re: Contract for Legal Counsel Services for NMUTC
MOTION BY ALDERWOMAN KELLY TO ACCEPT, PLACE ON FILE AND AWARD THE CONTRACT TO
DRUMMOND-WOODSUM ATTORNEYS-AT-LAW IN THE AMOUNT OF $56,500. SOURCE OF FUNDING
IS DEPARTMENT 183, ECONOMIC DEVELOPMENT; PERFORMING ARTS CENTER
ON THE QUESTION
Mayor Donchess
Mr. Cummings?
Mr. Cummings
Thank you Mr. Mayor so the contract in its full amount is for $56,000.00 though it should be clear to everyone
that our obligation is only somewhere around $5,000.00 as it is outlined in the contract. That is for the pre-
work that is necessary for setting up the differing legal entities proving us with tax opinions relative to the New
Market Tax Credit Transaction. This is just planning and preparation that we need to do so we are in good
stead. So if we are successful in receiving a New Market Tax Credit, we will be able to execute quickly and
that’s paramount in these types of transactions.
So the balance of this fund of this money would actually come from the New Market Tax Credit Transaction
itself; that $5ish thousand dollars and what is referenced in your Memo is a consulting line item that we have
for the Performing Arts Center. So that money that is $5,000.00 is not off of the authorized bond but off of
money that was set aside by the Downtown Improvement Committee for consulting services to advance the
