Minutes

attorney’s fees and court costs incident thereto which fees the LESSEE hereby covenants and
agrees to pay.

16. RIGHT TO TERMINATE FOR CONVENIENCE

16.01 The LANDLORD may terminate this LEASE AGREEMENT as a
result of its sale of Property, such termination to be 30 days prior to any transfer of title.
LANDLORD shall give LESSEE at least sixty (60) days’ notice, in writing, specifying in said
notice the day (and the time of day) of termination which shall be the date on which possession
of the Premises shall be surrendered

11. DANGEROUS MATERIALS

11.01 The LESSEE shall not keep or have on the Premises any article or nothing
of a dangerous, inflammable or explosive character that might increase the danger of fire on the
Premises or that might be considered hazardous or extra hazardous.

12. INSURANCE

12.01 The LESSEE shall carry during the lease term, at its own cost and
expense, the following insurance:

(a) Comprehensive General Liability insurance - $1,000,000 per
occurrence/$2,000,000 aggregate;

6. COMPLIANCE WITH LAWS

6.01 The LESSEE acknowledges that no trade or occupations shall be
conducted on the Premises or use made thereof which will be unlawful, improper, noisy or
offensive or contrary to any law or municipal by-law or ordinance in force.

6.02 The LESSEE shall obtain and maintain any and all permits necessary for
its use of the Premises.

7. ALTERATIONS & MAINTENANCE OF PREMISES

2. TERM

2.01 The term of this LEASE AGREEMENT shall have a term of two (2)
years, commencing on November 1, 2017 and terminating on October 31, 2019. LESSEE
thereafter shall have the option to renew this LEASE AGREEMENT for two (2) additional two
(2) year periods by giving LANDLORD written notice thereof at least thirty (30) days prior to
the expiration of the initial term or of any subsequent renewal term.

3. RENT

LEASE AGREEMENT

THIS LEASE AGREEMENT made between the City of Nashua, 229 Main Street, Nashua, NH
(“LANDLORD”), and Absolute Broadcasting LLC, 141 Main Street
Nashua NH 03060, (“LESSEE”).

WHEREAS, LANDLORD is the owner of the building at 1 Pine Street Extension, Nashua, NH
(“Property”), which is not immediately required by the LANDLORD;

WHEREAS, the LANDLORD took possession of the building on the Property on December 7,
2016 following a landlord/tenant possessory proceeding pursuant to RSA Chapter 540 in the 9

Proposed
Amendment
Nov. 15, 2017
R-17-139

RESOLUTION

AUTHORIZING THE CITY OF NASHUA TO ENTER INTO A LEASE AGREEMENT
WITH ABSOLUTE BROADCASTING, LLC FOR A PORTION OF 1 PINE STREET
EXTENSION

CITY OF NASHUA

In the Year Two Thousand and Seventeen

THE CITY OF NASHUA “The Cate City

To: J. Donchess, Mayor - M. Cookson, V. Chair

From: Tim Cummings, Director of Economic Development
Ce: Members of Finance Committee

Date: November/2017

Re: R-17-139 — Request Amendment

Purpose of Memo
I am writing to request an amendment to R-17-139 “Authorizing the City of Nashua To Enter Into A Lease
Agreement With Absolute Broadcasting, LLC for a Portion of 1 Pine Street Extension.”

Status
R-17-139 was heard by the Finance Committee on October 18" and tabled.

Background

THE CITY OF NASHUA “The Gate Cy

Economic Development Division — Parking Department

TO: Mayor Donchess/V. Chair Cookson

FROM: Jill Stansfield, Parking Operations Foreman

CC: Tim Cummings, Economic Development Director/Finance Committee Members

DATE: October/2017

RE: Parking Department’s Snow Event Responsibilities & Parking Garage Roof Deck Management

Background Context Relative to Snow Removal Process

Finance Committee - 11/15/2017 Page 7
Mayor Donchess

Yes. They bought the business.

Alderman Cookson

It’s a two-year term, $1.00 per year?

Mayor Donchess

Mayor Donchess

Correct.
MOTION CARRIED

MOTION BY ALDERMAN CLEMONS TO RECOMMEND FINAL PASSAGE AS AMENDED
MOTION CARRIED

RECORD OF EXPENDITURES

Finance Committee - 11/15/2017 Page 6
Alderman Clemons

We didn’t have a trade-in value assigned on the original paperwork. It was submitted, and now we do.
MOTION CARRIED

Resolutions

MOTION BY ALDERMAN CLEMONS TO TAKE FROM THE TABLE R-17-139
MOTION CARRIED

Mayor Donchess
For the record, we should note that Alderman Cookson has joined the meeting.
R-17-139
Endorser: Mayor Jim Donchess
AUTHORIZING THE CITY OF NASHUA TO ENTER INTO A LEASE AGREEMENT WITH ABSOLUTE