Board of Aldermen 09-22-2020 Page 47
people coming back out and enjoying Nashua. And we need to encourage that and to be very blunt, | don’t
have the same optimism that other members of the Board do for the Performing Arts Center. So | think this
is amuch, much more cost-effective mechanism and incremental investment in downtown that is going to
pay dividends.
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President Wilshire
Alderman Klee.
Alderman Klee
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I'd like to a motion that we remove line 32 and also line 35 from the transfer and we leave it in the general
fund?
MOTION BY ALDERWOMAN LU TO AMEND R-20-069 TO REMOVE LINES 32 AND 35 FROM THE
TRANSFER AND LEAVE IT IN THE GENERAL FUND, BY ROLL CALL
ON THE QUESTION
President Wilshire
Ok that’s your motion?
Alderwoman Lu
Yeah, | am referring to the $410,000.00 and the $200,000.00; one for the lighting and one for the barriers.
President Wilshire
Board of Aldermen 09-22-2020 Page 44
Alderwoman Lu
Ok, well thank you everyone for your patience, | am sorry that | had to ask these questions tonight. | am all
set.
President Wilshire
Thank you. Aldermen we are considering the amendment to 20-069. Is there further discussion on the
amendment? Seeing none, would the Clerk please call the roll?
A viva voce roll call was taken which resulted as follows:
Board of Aldermen 09-22-2020 Page 43
might happen next year. But the repairs had to be made from — there’s a reserve account on this as well.
Repairs had to be made, which they were, but that caused, because of the necessity to make the repairs,
that caused the total amount spent between operations and repairs to be higher than had been projected
by $57,000.00. So there itis. Keep in mined that the dams are generating for the City somewhere in the
vicinity of $1.2 million in revenue every year. So really we are only directing conceptually a small part of
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Board of Aldermen 09-22-2020 Page 41
Mayor Donchess
One thing you asked about was the retirement problem.
Alderwoman Lu
Yes.
Mayor Donchess
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segment the captured value and devote that strictly to the TIF District. But prior to that we are spending
our general funds on the TIF District. So it just to me doesn’t seem like the process that we have described
in establishing a TIF District. |am kind of surprised that we’ve had that TIF District for about 3 or 4 years. |
have other questions andl am sorry to all of you, | would have liked to have asked these last night.
Mayor Donchess
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Mayor Donchess
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President Wilshire
Alderman Clemons?
Alderman Clemons
