Board Of Aldermen

Special Bd. of Aldermen — 12/20/2018 Page 7

Mr. Cummings

Special Bd. of Aldermen — 12/20/2018 Page 6

the ideas, because once this train leaves the station, we really need to make sure we have the approvals
necessary to be able to execute on this project. So with that being said, Madam President.

President Wilshire
Thank you and thank you Mr. Cannon for your presentation. | am going to start on this side.

Alderman Gidge

Special Bd. of Aldermen — 12/20/2018 Page 5

Special Bd. of Aldermen — 12/20/2018 Page 4

where the equity investors would like to see you be. They don’t want to get into a hassle with the City of
Nashua.

Special Bd. of Aldermen — 12/20/2018 Page 3

The second one they just did last year was a library, about a $13 million dollar library they used to leverage
general obligation bonds, much as we are suggesting here.

Special Bd. of Aldermen — 12/20/2018 Page 2

A special meeting of the Board of Aldermen was held Thursday, December 20, 2018, at 7:00 p.m. in the
Aldermanic Chamber.

President Lori Wilshire presided; City Clerk Patricia D. Piecuch recorded.

Prayer was offered by City Clerk Patricia D. Piecuch; Alderman Richard A. Dowd led in the Pledge to the Flag.
The roll call was taken with 14 members of the Board of Aldermen present.

Corporation Counsel Steven A. Bolton was also in attendance.

COMMUNICATIONS

AMENDED
R-18-066

RESOLUTION

RELATIVE TO ADDRESSING POSSIBLE INEQUITIES IN SICK
LEAVE POLICY FOR CERTAIN UNAFFILIATED EMPLOYEES

CITY OF NASHUA

In the Year Two Thousand and Eighteen
RESOLVED by the Board of Aldermen of the City of Nashua

WHEREAS a change to the policy related to sick leave accumulation and
severance payment upon retirement was made effective July 1, 2001;

WHEREAS said change to the policy in certain cases may have resulted in
employees being deprived of a benefit that had already been earned;

employees will elect the original higher payout formula. This will result in sick leave payouts of
720 hours each for a total estimated additional cost of $175,000.

Jim Donchess
Mayor « City of Nashua

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To: Board of Aldermen

From: Mayor Jim Donchess A)

Date: 12/18/18

Tam vetoing R-18-066, because it is an unwise expenditure of $175,000 in City funds and
because it is unfair to retired City employees. R-18-066 nearly doubles to an estimated $366,000
the City’s obligation to make. cash payouts for unused sick leave to | | employees.