Board Of Aldermen

Special Board of Aldermen 08-23-2021 Page 8

John Griffin, CFO

John Griffin, CFO. To the extent the appropriations have not been spent, they would be considered surplus
if they’re not redirected to fund other important activities in the city. Thank you.

Chairman Dowd

Does that answer your question Mr. Teeboom?

Fred Teeboom

| didn’t hear the answer. Could you repeat? A simple yes or no. Is this surplus money?

John Griffin, CFO

This is surplus appropriations.
Fred Teeboom

Special Board of Aldermen 08-23-2021 Page 7
revenue expected above the budgeted revenue for 2021?

John Griffin, CFO

Special Board of Aldermen 08-23-2021 Page 6

TESTIMONY IN OPPOSITION - None

Chairman Dowd

I'll close the public hearing on Resolution R-21-160.
Alderman O’Brien

Hearing closed at 7:20 p.m.

R-21-162
RELATIVE TO THE RE-APPROPRIATION OF FISCAL YEAR FY2022 ESCROWS

Chairman Dowd
Mr. Griffin

John Griffin, CFO

Special Board of Aldermen 08-23-2021 Page 5

Tim Cummings, Economic Development Director

(no audio)...is a portion of the million dollars that came in from the sale that recently occurred. This is
something that | think would be very good for Nashua because it would allow us to work on additional
projects with our BIDA that we have in place.

Chairman Dowd
Again are there any questions from the Aldermen to Director Cummings?
Alderwoman Lu

Special Board of Aldermen 08-23-2021 Page 4

Chairman Dowd

You're on mute.

Fred Teeboom

Special Board of Aldermen 08-23-2021 Page 3

Tim Cummings, Economic Development Director

I’m not sure | understand the question.

Alderwoman Lu

All right. I'll rephrase if | could.

Chairman Dowd

Yes go ahead.

Alderwoman Lu

Was my understanding that at some point in the intention of the master development agreement that the
Renaissance development group — | know it’s not called that — were agreed to contribute toward the

recreational facility. Have | got that right?

Tim Cummings, Economic Development Director

Special Board of Aldermen 08-23-2021 Page 2

A special meeting of the Board of Aldermen was held Monday, August 23, 2021, at 7:01 p.m. in the
aldermanic chamber as well as via Zoom teleconference.

President Lori Wilshire presided; City Clerk Susan Lovering recorded.

Prayer was offered by Deputy City Clerk Allison Waite; Alderman June M. Caron led in the Pledge to the
Flag.

To join by Zoom — please refer to the agenda or the website for the meeting link and telephone number.

LEGISLATIVE YEAR 2021

RESOLUTION: R-21-157

PURPOSE: Authorizing the City of Nashua to enter into a Memorandum
of Understanding regarding the Bronstein Redevelopment

ENDORSERS: Mayor Jim Donchess
Alderman-at—Large Michael B. O'Brien, Sr.
Alderman Richard A. Dowd
Alderman Thomas Lopez
Alderwoman-at-—Large Shoshanna Kelly
Alderman Jan Schmidt
Alderman Linda Harriott—Gathright
Alderman Skip Cleaver
Alderman~at~Large Lori Wilshire

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