Nashua OKs payment to developer Stabile for river work
Although the aldermanic Budget Review Committee ultimately approved reimbursing the $100,000 Wednesday, two aldermen voiced opposition. Ward 9's Ken Siegel argued that the entire dam project should be completed before city officials discuss the merits of whether to pay the requested $100,000 for abutment work. Noting that significant tax credits have already been issued for the Cotton Mill Square project, Siegel said the true cost of the abutment work is not actually known.
Mayor Donnalee Lozeau said the city owns the dam, and the unexpected abutment problems discovered during the Stabile project could not be ignored. Lozeau said city officials agreed in good faith to use escrow funds to pay for only the abutment fix, not any of the other dam work.
Alderman David Schoneman, Ward 3, said he considers the abutment work part of the overall dam project, which the city was not obligated to pay.
"I don't see how I can support it," Schoneman said of the $100,000 reimbursement.
Others argued that the city is ultimately responsible for the improvement costs incurred by Stabile during the dam renovations.
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