City shows $3,114 net income from Motorcycle Week as it closes books

By MICHAEL KITCH, LACONIA DAILY SUN

LACONIA — The city has closed its books on on the 93rd running of Motorcycle Week in June, showing revenues of $155,636, expenses of $152,521 and net income of $3,114.

Revenues fell $16,352, or 9.5 percent shy of projections with a shortfall of $24,350 in vendor licensing and permit fees accounting for the decrease. Although expenses effectively tracked projections, the failure of the promoters of LaconiaFest to pay their share of police and emergency services for the week-long concert series left the city with an unforeseen operating deficit of $63,130.

For some years the city has budgeted for Motorcycle Week as a special revenue fund, with revenues projected to match expenses while any surplus would accrue to a fund for the purchase of equipment for the police, fire and public works departments. Before this year's rally the balance in the fund was $126,747, from which $63,130 was transferred to offset the operating deficit, leaving a balance of $63,616. The $3,114 in net income from the 2016 rally has left the fund with a balance of $66,731.

Businessman to help Belmont pave Wareing Road

By GAIL OBER, LACONIA DAILY SUN

BELMONT — Selectmen voted Monday night to pave 109 more feet of Wareing Road so that pavement will reach the last driveway on what is now a dirt road.

The additional work will be done by the town but about half of it will be paid by Bill Nutter, who made the request.

Nutter, owner of Nutter Enterprises, a sand and gravel supplier, will provide all of the gravel for the road, a vibrator roller for two days and a water truck for two days. The approximate value of the materials and equipment use is $6,995.

The town will contribute the excavation services, some additional equipment and about $4,725 worth of asphalt that will be installed by Wolcott Construction, the company that had the contract to pave the rest of the road.

Nutter came to selectmen in July to make his request. He said he did not want or need Wareing Road paved to the South Road extension, but asked that it be extended to the last driveway on the road.

Selectmen discussed paving a portion of Wareing Road as part of the budget preparation last year for this year. The goal of paving the portion closest to Route 106 was to allow the new owners of Parent Sand and Gravel to move their scales to the Wareing Road side of their property so they wouldn't be trucking heavy loads over Shaker Road and through the newly reconstructed village district.

A majority of voters at annual Town Meeting agreed.

A vocal few residents were against the Wareing Road proposal, saying that if the road was being reconstructed, it should be reconstructed all the way to South Road. Selectmen said that isn't necessary because South Road is gravel and there isn't much going on between the end of the pit road and South Road, except a single residential driveway owned by the Nutters.

Selectmen said the additional 109 feet should be completed this construction season.

City considers LEDs for street lights

By MICHAEL KITCH, LACONIA DAILY SUN

LACONIA — There are some 1,365 street lights lining the more than 100 miles of roadways throughout the city, all of which may soon be replaced by more efficient, longer lasting LED lights.

The City Council first broached the subject in the course of preparing the 2016-2017 municipal budget, but deferred a decision on learning that Eversource, which offers rebates of $100 per fixture up to a maximum of $100,000, had committed funding for the program this year.

City Manager Scott Myers said that between $350 and $375 per fixture, the cost of the project would fall between $450,000 and $500,000. However, he described the project as "self-financing," explaining that the city budgets $212,000 annually for street lighting, at least half of which would be saved by installing the more efficient LED lights. By applying the savings to service the debt incurred to install the lights, the project would pay for itself in four-and-a-half years without adding to the budget. Alternatively, he suggested that extending the term of the borrowing and reducing the annual payment payback period would leave a positive balance in the appropriation for street lighting that could be applied to other purposes.

The Finance Committee will meet prior to the regularly scheduled council meeting on Sept. 12 to consider how to finance the project.

LED lighting consumes less energy and has a life span of 10 to 15 years, two to four times longer than conventional street lighting, which spares maintenance costs. LED lights turn on and off quickly and restart immediately after a power outage. By directing light downward on to the roadway, LED lights cast less glare into the eyes of motorists.

LDS RSS Feed