REPORT OF THE FINANCE COMMITTEE
MARCH 16, 2016
A meeting of the Finance Committee was held on Wednesday, March 16, 2016, at 7:00 p.m. in the
Aldermanic Chamber.
Mayor Jim Donchess, Chair, presided.
Members of the Committee present: Alderman-at-Large Mark S. Cookson, Vice Chair
Alderman-at-Large Lori Wilshire
Alderman-at-Large Michael B. O’Brien
Alderman June M. Caron
Alderman Ken Siegel
Members not in Attendance: Alderman Benjamin M. Clemons
Report of the Finance Committee Page 13
April 6, 2016
ADJOURNMENT
MOTION BY ALDERMAN WILSHIRE TO ADJOURN
MOTION CARRIED
The Finance Committee meeting was adjourned at 8:11 p.m.
Alderman Ken Siegel
Committee Clerk
Report of the Finance Committee Page 12
April 6, 2016
Mr. Fredette
Yes.
MOTION CARRIED
NEW BUSINESS — ORDINANCES — None
DISCUSSION — None
RECORD OF EXPENDITURES
MOTION BY ALDERMAN SIEGEL THAT THE FINANCE COMMITTEE HAS COMPLIED WITH THE CITY
CHARTER AND ORDINANCES PERTAINING TO THE RECORD OF EXPENDITURES FOR THE PERIOD
TO MARCH 11, 2016, TO MARCH 31, 2016
MOTION CARRIED
PUBLIC COMMENT - None
NON-PUBLIC SESSION
Report of the Finance Committee Page 11
April 6, 2016
Attorney Prolman
That’s correct; Alderman, but you are forgetting the first position. The first mortgage that’s there today is a little
over $4.5 million. So you take $4.5 million plus the $13.5 million which is approaching $18 million. So, $18
million of debt in front of Nashua right now is reduced down to $13 million. The new loan would be $13.5
million. Does that answer that?
Alderman Cookson
Yes.
Alderman Siegel
Report of the Finance Committee Page 10
April 6, 2016
Report of the Finance Committee Page 9
April 6, 2016
From: Dan Kooken, Purchasing Manager
Re: Change Order #1 for Additional Work for Newton Drive Forcemain (Value: $5,400)
MOTION BY ALDERMAN SIEGEL TO ACCEPT, PLACE ON FILE AND APPROVE CHANGE ORDER #1 TO
THE CONTRACT WITH CRISP CONTRACTING IN THE AMOUNT OF $5,400. SOURCE OF FUNDING IS
DEPARTMENT 169, WASTEWATER; 54, PROPERTY SERVICES
MOTION CARRIED
UNFINISHED BUSINESS — None
NEW BUSINESS — RESOLUTIONS
Report of the Finance Committee Page 8
April 6, 2016
Mayor Donchess
Mr. Kooken will make a note of that and report to the committee.
Alderman O’Brien
Report of the Finance Committee Page 7
April 6, 2016
Alderman Clemons
| guess it’s good to test it, | just... I'll forego any more comments.
Mayor Donchess
None of us here are asphalt testers so we could inquire in more detail regarding the procedure that’s going to
be used and report to the committee next time if that would be helpful.
Alderman Clemons
No, that’s fine.
Mayor Donchess
Mr. Kooken, do you have anything to add regarding the testing procedure?
Mr. Kooken
Report of the Finance Committee Page 6
April 6, 2016
Alderman Clemons
What happens if it is not good?
Mayor Donchess
The testing is done before it’s laid down so they have to make it conform.
Alderman Clemons
Is that acommon practice? It seems odd to test a product that they are delivering to us.
Mr. Kooken
It’s a fairly common practice that we have not been doing in the past. | think there have been some cases
Report of the Finance Committee Page 5
April 6, 2016
From: Dan Kooken, Purchasing Manager
Re: Amherst Street Improvements — Charron Avenue to Diesel Road (Value: $1,537,096)
