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RESPONSE:
This letter correctly sets forth our understanding.
Acknowledged and agreed on behalf of the City of Nashua, New Hampshire by:
Name:
Title:
Date:
10
R-20-039
RESOLUTION
AUTHORIZING PENNICHUCK CORPORATION AND PENNICHUCK WATER
WORKS, INC. TO ISSUE TAXABLE BONDS OF UP TO $75,000,000
CITY OF NASHUA
In the Year Two Thousand and Twenty
WHEREAS, the City of Nashua is the sole shareholder of Pennichuck Corporation
(“Pennichuck”) and each of its subsidiaries;
WHEREAS, Article IX (3) of the Articles of Incorporation of Pennichuck and Article V
§2 of the by-laws of Pennichuck require the approval of the sole shareholder (the City of
Nashua) for Pennichuck to create, incur, assume, or guarantee any indebtedness for borrowed
money, which includes contracting a loan on behalf of Pennichuck or its subsidiaries; and
WHEREAS, Pennichuck Water Works, Inc. is a regulated New Hampshire public water
utility, and is a wholly owned subsidiary of Pennichuck which, in turn, is wholly owned by the
City of Nashua.
NOW, THEREFORE, BE IT RESOLVED by the Board of Aldermen of the City of
Nashua that the City approves the borrowing by Pennichuck Water Works, Inc. of up to
$75,000,000 of issuance of taxable bonds to finance and refinance currently outstanding debts of
approximately $58,500,000, finance monies to refill its MOERR RSF for $5,500,000, and to
fund the cost of issuance and any escrow deposits amounts required and any allowance needed
for the issuance of the bonds at a premium, should that be required.
LEGISLATIVE YEAR 2620
RESOLUTION: R-20-039
PURPOSE: Authorizing Pennichuck Corporation and Pennichuck Water
Works, Inc. to issue taxable bonds of up to $75,000,000
ENDORSERS: Alderman-at-Large Lori Wilshire
COMMITTEE
ASSIGNMENT: Budget Review Committee
FISCAL NOTE: None.
ANALYSIS
This resolution approves the proposal by Pennichuck Corporation and one of their regulated
public water subsidiaries to issue up to $75,000,000 in taxable bonds as described in the
resolution.
We have forwarded additional information provided by Pennichick on the proposal to the Board
of Aldermen.
Article IX (3) of Pennichuck Corporation’s Articles of Incorporation and Article V §2 of the
Pennichuck Corporation’s by-laws requires City approval for the borrowing.
Approved as to form: Office of Corporation Counsel
By: /s/ Dorothy Clarke
Date: May 20, 2620
R-20-040
RESOLUTION
AUTHORIZING THE MAYOR AND CITY TREASURER TO BORROW FROM THE
NEW HAMPSHIRE DEPARTMENT OF ENVIRONMENTAL SERVICES STATE
REVOLVING LOAN FUND AN ADDITIONAL AMOUNT NOT TO EXCEED TWO
MILLION FIVE HUNDRED THOUSAND DOLLARS (32,500,000) FOR PUMP
STATION UPGRADES
CITY OF NASHUA
In the Year Two Thousand and Twenty
WHEREAS R-15-150 “Authorizing the Mayor and City Treasurer to borrow an amount
not to exceed Eight Million Five Hundred Thousand Dollars ($8,500,000) through the issuance
of bonds and/or a loan through the New Hampshire Department of Environmental Services State
Revolving Loan Fund for pump stations upgrades” was passed by the Board of Aldermen on July
14, 2015; and
WHEREAS the pump station upgrades project has been broken into two phases with
Phase I having an estimated cost of $4,885,000 and currently funded through a loan from the
New Hampshire Department of Environmental Services State Revolving Loan Fund. Additional
funding is needed to complete Phase II of the pump station upgrades, which has an estimated
cost of $6,115,000, requiring the city to borrow an additional amount up to $2,500,000,
increasing the total authorization for the Pump Stations Upgrade Project from $8,500,000 to
$11,000,000.
NOW THEREFORE, BE IT RESOLVED by the Board of Aldermen of the City of
Nashua that the Mayor of the City of Nashua and the City Treasurer of the City of Nashua are
hereby authorized to borrow an additional amount up to Two Million Five Hundred Thousand
Dollars ($2,500,000), which increases the total project amount not to exceed Eleven Million
Dollars ($11,000,000), through the low interest loan program offered through the State of New
Hampshire Department of Environmental Services, identified as the State Revolving Loan Fund.
The proceeds of said loans shall be used to fund the Pump Stations Upgrade Project Phase I and
I.
Mayor James Donchess is hereby authorized on behalf the City of Nashua to file an
application for a loan to be made in accordance with New Hampshire Code of Administrative
Rules Chapter Env-Wq 500. If such loan is made the City of Nashua agrees to repay the loan as
stipulated in the loan agreement.
RESOLUTION R-20-046
The Treasurer for the City of Nashua is hereby authorized to furnish such information
and take such other action as may be necessary to enable the City of Nashua to qualify for the
loan.
The Treasurer for the City of Nashua is hereby designated as authorized representative of
the City of Nashua for the purpose of furnishing such information, data and documents
pertaining to the City of Nashua for the loan as may be required, and otherwise to act as the
authorized representative of the City of Nashua in connection with this application.
RESOLVED FURTHER that the Mayor is authorized to enter into the required
contracts therefore as well as any amendments to be made thereto or any other documentation
necessary for the receipt of said funds.
RESOLUTION:
PURPOSE:
ENDORSER(S):
COMMITTEE
ASSIGNMENT:
FISCAL NOTE:
LEGISLATIVE YEAR 2020
R-20-040
Authorizing the Mayor and City Treasurer to borrow from the
New Hampshire Department of Environmental Services State
Revolving Loan Fund an additional amount not to exceed two
million five hundred thousand dollars ($2,500,000) for pump
station upgrades
Mayor Jim Donchess
Budget Review Committee
Board of Public Works
It is anticipated that the additional loan ($2,500,000) will be
approved in FY 21 for a term of twenty years. It is estimated that
the interest rate will be approximately 2.0% and the total cost for
the loan will be approximately $3,025,000 including interest. The
average annual payment will be approximately $153,000 with the
beginning years at a higher amount.
ANALYSIS
This resolution authorizes the Mayor and the City Treasurer of the City of Nashua to borrow up
to $2,500,000 in additional funds from the State of New Hampshire Revolving Loan Fund to be
used for expenses related to completing the Pump Stations Upgrade Project.
Pursuant to Nashua City Charter §54-a, this Resolution requires a “duly advertised public
hearing”. Also see NH RSA 33:9, which requires a 2/3 vote for passage of this Resolution.
This legislation should be referred to the Board of Public Works.
Approved as to accountstructure, Financial Services Division
numbers, and amount:
Approved as to form:
By: /s/ David Fredette
Office of Corporation Counsel
By: /s/ Dorothy Clarke
Date: May 20, 2020
REPORT OF THE FINANCE COMMITTEE
JANUARY 5, 2022
A meeting of the Finance Committee was held on Wednesday, January 5, 2022, at 7:03 p.m. in the Aldermanic Chamber
and via Zoom. The meeting link information can be found on the agenda.
Mayor Jim Donchess, Chairman, presided.
Members of the Committee present: Mayor Jim Donchess
Alderman Patricia Klee, Vice Chair
Alderman-at-Large Michael B. O’Brien
Alderwoman-at-Large Shoshanna Kelly
Alderman-at-Large Brandon Michael Laws
Alderwoman Elizabeth Lu
Alderman Linda Harriott-Gathright
Also in Attendance: John Griffin, CFO/Comptroller
Kim Kleiner, Administrative Services Director
Kelly Parkinson, Purchasing Manager
David Boucher, Superintendent of Wastewater
Jeff Lefleur, Superintendent of Solid Waste
PUBLIC COMMENT - None
COMMUNICATIONS
From: Kelly Parkinson, Purchasing Manager
Re: Design Phase Services in the amount not to exceed $105,800 funded from 81300 Machinery &
Equipment/Wastewater Fund
MOTION BY ALDERMAN HARRIOTT-GATHRIGHT TO ACCEPT, PLACE ON FILE AND APPROVE A CONTRACT
WITH WRIGHT PIERCE TO PROVIDE PRELIMINARY DESIGN PLANS AND SPECIFICATIONS FOR THE DRY WELL
VALVE AND PIPE REPLACEMENT PROJECT IN AN AMOUNT NOT TO EXCEED $105,800. FUNDING THROUGH
DEPARTMENT: 169 WASTEWATER; FUND: WASTEWATER; ACTIVITY: WW PLANT DRY WELL VALVE
REPLACEMENT
ON THE QUESTION
David Boucher, Superintendent of Wastewater
Thank you Mr. Mayor. Dave Boucher, Wastewater Superintendent. So this is the hired service of Wright Pierce to do the
preliminary design plans for our dry well valve and pipe replacement project. This project entails replacing all the main
piping in our main building. The piping size is around 36 inches. It’s the piping that is used to collect all the sewerage in
the city and pump it from a low level in the city up two stories for further treatment at the wastewater plant.
It’s a rather large project because this piping on an average day has around 11 million gallons slowing through it and if we
have a storm, | can go up to 50 million gallons. So the tricky part is bypassing this piping so that the work can be done so
that we can replace it. | can answer any questions if there are any.
Mayor Donchess
Allright. Are there any questions, comments?
MOTION CARRIED
From: Kelly Parkinson, Purchasing Manager
Re: Digester Heat Exchanger in the amount not to exceed $57,000 funded from 81300 Machinery &
Equipment/(WVERF (Wastewater)
MOTION BY ALDERMAN HARRIOTT-GATHRIGHT TO ACCEPT, PLACE ON FILE AND APPROVE THE PURCHASE
OF ONE DIGESTER SLUDGE HEAT EXCHANGER (ASSET ID: PDSHX) IN THE AMOUNT OF $57,000 FROM ALFA
R-26-04]
RESOLUTION
APPROVING THE COST ITEMS OF A COLLECTIVE BARGAINING AGREEMENT
BETWEEN THE MAYOR AND THE BOARD OF FIRE COMMISSIONERS OF THE
CITY OF NASHUA, NEW HAMPSHIRE AND LOCAL #789, INTERNATIONAL
ASSOCATION OF FIRE FIGHTERS FROM JULY 1, 2019 THROUGH JUNE 30, 2023
AND AUTHORIZING A RELATED TRANSFER AND SUPPLEMENTAL
APPROPRIATION
CITY OF NASHUA
In the Year Two Thousand and Twenty
RESOLVED by the Board of Aldermen of the City of Nashua that the cost items of the
attached coilective bargaining agreement between the Mayor and the Board of Fire
Commissioners of the City of Nashua, New Hampshire and Local #789, International Association
of Fire Fighters are approved. The collective bargaining agreement covers the period from July 1,
2019 through June 30, 2023.
In addition, this resolution authorizes the transfer of $438,725 from Department 194,
Contingency, Account #70150 “Contingency for Negotiations” into Department 152, Fire,
Account #51900 “Payroll Adjustments” for the purpose of funding FY2020 base salary
adjustments contained in the agreement.
In addition, this resolution supplementally appropriates $150,000 of Fiscal Year 2020
unassigned fund balance into Department 152, Fire, Account #51900 “Payroll Adjustments” for
the purpose of funding FY2020 base salary adjustments contained in the agreement.
LEGISLATIVE YEAR 2020
RESOLUTION: R-20-041
PURPOSE: Approving the cost items of a collective bargaining agreement
between the Mayor and the Beard of Fire Commissioners and Local
#789, International Association of Fire Fighters from July 1, 2019
through June 30, 2023 and authorizing a related transfer and
supplemental appropriation
ENDORSER(S): Alderman-at-Large David C. Tencza
Alderman~at-Large Ben Clemons
Alderman Skip Cleaver
COMMITTEE
ASSIGNMENT: Budget Review Committee
FISCAL NOTE: The cost analysis is attached. The use of the unassigned fund balance to
cover a deficit in an operating budget is unprecedented in the City of Nashua and Financial
Services does not recommend starting now. In consulting with the City’s Financial Advisor,
Hilltop Securities, their concern is the cost of the contract over the next two years as all
municipalities will have significant fiscal issues in FY2021 and FY2022 resulting from the
continuing COVID-19 Pandemic.
ANALYSIS
This resolution approves the cost items of a collective bargaining agreement between the Nashua
Board of Fire Commissioners and Local #789, International Association of Fire Fighters,
The Agreement has a term of four years, commencing on July 1, 2019 and expiring on June 30,
2023. The board of aldermen must vote whether or not to approve the cost items of this contract
within thirty days of receipt. RSA 273-A:3 II (c). The redlined copy of the CBA does not include
73 deleted pages of old salary grids that were part of Article 13 of the prior contract. The redlined
copy only includes the newly proposed salary grids, which are now appendices at the end of the
CBA.
The resolution also authorizes the transfer of funds from “Contingency for Negotiations” into
“Fire - Payroll Adjustments” to partially fund the FY2020 base salary adjustments contained in
the collective bargaining agreement. Charter Sec. 53 permits the Board of Aldermen to transfer
any unencumbered appropriation balance or any portion thereof from one department, fund or
agency to another. NRO § 5-130, H provides that “when proposed legislation to transfer or
teappropriate a particular appropriation or portion thereof has had its first reading, such funds
shall not be expended or transferred while the legislation is pending”.
This resolution also supplementally appropriates unassigned fund balance to fund the remainder
of the FY2020 base salary adjustments contained in the collective bargaining agreement. Charter
Sec. 53 permits specific non-budget, supplementary appropriations. There should be notice and
a public hearing, A two-thirds vote is required under Charter Sec. 56-b for an item or amount
not in the mayor’s budget. A roll call is required under Charter Sec. 49.
RESOLUTION
Approved as to account
number and/or structure,
and amount:
Approved as to form:
R-20-041
Financial Services Division
By: /s/ John Griffin
Office of Corporation Counsel
By: /s/ Dorothy Clarke
Date: May 21, 2020
