6.16.2026 Trustees of Trust Funds

The City of Portsmouth, New Hampshire Trustees of Trust Funds held a meeting on June 16, 2026, where they discussed several procurement and financial matters. Key procurement-related topics included the acceptance of a private contribution for the NEVI sculpture project, with details on the artist selection process and funding conditions. The trustees also deliberated on a below market rate housing trust request concerning the permissibility of funding a feasibility study for artist live-work studios, ultimately approving the use of trust funds for such a study provided it meets income eligibility criteria and procurement requirements. Additionally, the trustees approved rolling over a maturing CD with Newburyport Bank at a favorable interest rate and authorized payments related to Prescott Park maintenance, ensuring expenditures align with trust terms. The meeting also covered updates on website improvements and scholarship fund oversight procedures, emphasizing compliance with trust agreements.