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  2. Finance Committee - Minutes - 2/17/2021 - P12

Finance Committee - Minutes - 2/17/2021 - P12

By dnadmin on Mon, 11/07/2022 - 13:47
Document Date
Wed, 02/17/2021 - 00:00
Meeting Description
Finance Committee
Document Type
Minutes
Meeting Date
Wed, 02/17/2021 - 00:00
Page Number
12
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_m__021720…

Finance Committee - 02/17/2021 Page 12

So with that being said, with that parking study still being on hold, we thought it would be prudent to move
forward with what we could which is obviously the study of the parking structures. So we are before you
tonight asking for permission to move forward with the contract that’s before you, hoping to have it wrapped up
in the next couple of months so we can evaluate and understand what we have for maintenance that we may
need to pursue. The last time we did something like this was, I’m going to say 10 plus years ago. And asa
rule of thumb in the industry this is something that should be done every 10 or so years. So we are on track for
it. Thank you.

Mayor Donchess

So, of course, what you are trying to do is determine what shape these garages are in and what repairs might
be necessary, correct?

Director Cummings

That’s correct, Mayor.

Mayor Donchess

And the High Street Garage is about, is more than 40 years old. And the Elm Street Garage is about 35 so
these have some age and they might need maintenance so that’s the point.

Director Cummings

That’s correct Mayor. | think it is safe to say that these will need maintenance and the best practice is to do
ongoing continuous maintenance of your parking structures. It's much easier to maintain an existing asset
than trying to build a brand new parking structure which could be cost prohibitive.

Mayor Donchess

Alright, any questions or comments?

Alderman O’Brien

Mr. Mayor?

Mayor Donchess

Alderman O’Brien.

Alderman O’Brien

Yeah Mr. Cummings, are you seeing anything really concerning, like spalling or anything else in these

garages. Because | support this; we invested heavily into these garages, we must take care of our
infrastructure. But are we showing true wear and tear with it?

Director Cummings

If | may, Mr. Mayor.

Mayor Donchess

Yes.

Page Image
Finance Committee - Minutes - 2/17/2021 - P12

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