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SECTION 10. Notices. All notices provided for herein shall be in writing (including facsimile)
and shall be mailed or delivered to the fotlowing addresses or facsimile numbers or to such other address
or facsimile number as cither party may specify by notice to the other:

If to CoBank, as Follows: Ifto the Guarantor, as follows:
CoBank, ACB Pennichuck Corporation

5500 South Quebec Street 25 Manchester Street

Greenwood Village, Colorado 80111 Merrimack, New tlampshire 03054
Facsimile: (303) 740-4002 Facsimile: (603) 913-2305
Attention: Energy & Water Group Attention: President

SECTION 11, Amendments, Etc. THIS WRITING IS INTENDED BY THE PARTIES AS A
FINAL EXPRESSION OF THEIR AGREEMENT AND IS ALSO INTENDED AS A COMPLETE AND
EXCLUSIVE STATEMENT OF THE TERMS OF THAT AGREEMENT. NO AMENDMENT OR
WAIVER OF ANY PROVISION OF THIS GUARANTY NOR CONSENT TO ANY DEPARTURE BY
THE GUARANTOR HEREFROM SHALL BE EFFECTIVE UNLESS THE SAME SHALL BE IN
WRITING AND SIGNED BY COBANK, AND THEN SUCH WAIVER OR CONSENT SHALL BE
EFFECTIVE ONLY IN THE SPECIFIC INSTANCE AND FOR THE SPECIFIC PURPOSE FOR WHICH

GIVEN.

SECTION 12. No Waiver; Remedies. No failure on the part of CoBank to exercise, and no
delay in exercising, any right hereunder shall operate as waiver thereof, nor shall any single or partial
exercise of any right hercunder prectude any other or further exercise thereof or the exercise of any other

right.

SECTION 13. Applicable Law, Jurisdiction. Except to the extent governed by applicable
federal law, the laws of the State of Colorado, without reference to choice of law doctrine, shall govern
this Guaranty, all disputes and matters between the parties to this Guaranty, and the rights obligations of
the parties to this Guaranty. The partics agree to submit to the non-exclusive jurisdiction of any federal or
state court sitting in Colorado for any action or proceeding arising out of or relating to this Guaranty. The
Company hereby waives any objection that it may have to any such action or proceeding on the basis of
forum non-conveniens,

SECTION 14. Patriot Act Notice. CoBank hereby notifies the Guarantor that pursuant to the
requirements of the USA Patriot Act, Title III of Pub. L. 107-56 (signed into law October 26, 2001) (the
“Patriot Act”), it and its affiliates are required to obtain, verify and record information that identifies the
Guarantor, which information includes the name, address, tax identification number and other
information regarding the Guarantor that will allow CoBank to identify the Guarantor in accordance with
the Patriot Act. This notice is given in accordance with the requirements of the Patriot Act and is

effective for CoBank and its affiliates.

SECTION 15. Successors and Assigns. This Guaranty shall be binding upon and inure to the
benefit of the Guarantor and CoBank and their respective successors and assigns, except that the
Company may not assign or transfer ils rights or obligations under this Guaranty without the prior written
consent of CoBank. CoBank may sell or assign its rights and obligations hereunder and under the other
Luan Documents or may sell participations in its rights and obligations hereunder

SECTION 16. Notice of Acceptance. The Guarantor hereby waives notice of acceptance hereof,

IN WITNESS WHEREOF, the Guarantor has caused this Guaranty to be executed as of the date
shown above by its duly authorized officers.

PENNICHUCK OK.

Title:

RFPO718-022322
CTV Management Notes

o Collaborative programming with other NH PEG stations o Collaborative local media
news show o Promotion of “Show of the Week” o Weekly newsletter with info on
current shows o Social Media promotion: Nashua Patch, Facebook, Instagram o Ads:
Bus, Restaurant Placemats, Event Programs, Church Bulletins

o Sponsorships from: contacts known, contacts from social media, email blast, Facebook
ad, door to door solicitation

Reporting: annual survey results, programming, quarterly financial report, inventory management

Additional Optional Considerations:

* Cooking Shows (PEG would need to provide equipment/set)

* News: Government, Business, Religious, Student, Entertainment, Food/Music/Art, Non-Profit,
Employment

3/10/22

O-21-072

ORDINANCE

AUTHORIZING FREE HOLIDAY PARKING AT METERS IN ZONE III WHICH
INCLUDES THE ELM STREET AND HIGH STREET PARKING GARAGES FROM
DECEMBER 6, 2021 THROUGH JANUARY 1, 2022

CITY OF NASHUA

In the Year Two Thousand and Twenty-One

The City of Nashua ordains that Part I] “General Legislation”, Chapter 320 “Vehicles
and Traffic”, Article XI “Parking Meters”, Section 320-47 “Parking meter and reserved space
fees; permits; meter bags”, subsection A of the Nashua Revised Ordinances, as amended, be
hereby further amended by deleting the struck-through language and adding the new underlined
language as follows:

Ҥ 320-47. Parking meter and reserved space fees; permits; meter bags.

A. The parking fee for all ...

(1)...
(2)...
(3) ...

(a) The parking fees in Subsection A(3) above, which includes the
metered spaces in the Elm Street and High Street parking garages,

shall not be enforced from Deeember7, 2020 threughtanuary,
292+ December 6, 2021 through January I, 2022.”

All ordinances or parts of ordinances inconsistent herewith are hereby repealed.

This ordinance shall become effective upon final passage.

LEGISLATIVE YEAR 2021
ORDINANCE: O-21-072
PURPOSE: Authorizing free holiday parking at meters in Zone III which

includes the Elm Street and High Street parking garages from
December 6, 2021 through January 1, 2022

ENDORSERS: Mayor Jim Donchess

COMMITTEE Committee on Infrastructure

ASSIGNMENT:

FISCAL NOTE: Estimated $4,600 or less in lost meter revenue
ANALYSIS

This legislation authorizes free holiday parking at metered parking spaces in Zone III from
December 6, 2021 through January 1, 2022, similar to the past several years. Monthly passes are
not affected. Time limits as well as other parking violations will continue to be enforced during
the free holiday period.

Approved as to form: Office of Corporation Counsel

By: Vp Coher
Date: 2d Octvracr. oF

SPECIAL BOARD OF ALDERMEN
OCTOBER 25, 2021

7:00 PM Aldermanic Chamber and via Zoom

To Join Zoom meeting: https://usO2web.zoom.us/j/817544 78587? pwd=d3dyMWevR2Y5R3lpSG5Bc20vM2Npdz09
Meeting ID: 817 5447 8587 Passcode: 408949

To Join by Telephone: 1-929-205-6099
Meeting ID: 817 5447 8587 Passcode: 408949

If anybody has a problem accessing the meeting via phone or Channel 16, please call 603-589-3329 and they will help you
connect.

PRESIDENT LORI WILSHIRE CALLS ASSEMBLY TO ORDER

PRAYER OFFERED BY CITY CLERK SUSAN K. LOVERING
PLEDGE TO THE FLAG LED BY ALDERWOMAN-AT-LARGE SHOSHANNA KELLY
ROLL CALL
PUBLIC HEARING
R-21-177

RELATIVE TO THE SUPPLEMENTAL APPROPRIATION OF $250,000 OF FY2021 ASSIGNED FUND
BALANCE INTO FUND #6500 “PROPERTY & CASUALTY SELF INSURANCE FUND”

Testimony in Favor
Testimony in Opposition
Testimony in Favor
Testimony in Opposition

ADJOURNMENT

R-21-177

RESOLUTION

RELATIVE TO THE SUPPLEMENTAL APPROPRIATION OF $250,000 OF FY2021
ASSIGNED FUND BALANCE INTO FUND #6500 “PROPERTY & CASUALTY SELF
INSURANCE FUND”

In the Year Two Thousand and Twenty One

RESOLVED by the Board of Aldermen of the City of Nashua to appropriate $250,000 of
FY2021 Assigned Fund Balance into Fund #6500 “Property & Casualty Self Insurance Fund”.

LEGISLATIVE YEAR 2021

RESOLUTION: R-21-177
PURPOSE: Relative to the supplemental appropriation of $250,000 of

FY2021 assigned fund balance into Fund #6500 “Property &
Casualty Self Insurance Fund”

SPONSOR(S): Mayor Jim Donchess

COMMITTEE

ASSIGNMENT: Budget Review Committee

FISCAL NOTE: This resolution will reduce FY2021 assigned fund balance.
ANALYSIS

This resolution appropriates $250,000 of FY 2020 assigned fund balance into the Property
& Casualty Self Insurance Fund.

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.

Approved as to account Financial Services Division
structure, numbers,

and amount: By: /s/John Griffin
Approved as to form: Office of Corporation Counsel

By: Wurth
pate: @ Octo P1224

A special meeting of the Board of Aldermen was held Thursday, October 14, 2021, at 7:12 p.m. in the Aldermanic
Chamber and via Zoom teleconference which meeting link can be found on the agenda and on the City’s website
calendar.

President Lori Wilshire presided; Deputy City Clerk Allison Waite recorded.

Prayer was offered by City Clerk Susan Lovering; Alderman Patricia Klee led in the Pledge to the Flag.

Let’s start the meeting by taking a roll call attendance. If you are participating via Zoom, please state your presence,
reason for not attending the meeting in person, and whether there is anyone in the room with you during this meeting,
which is required under the Right-To-Know Law.

The roll call was taken with 10 in attendance and 3 via Zoom members of the Board of Aldermen present: Alderman
Patricia Klee, Alderwoman Shoshanna Kelly (via Zoom), Alderman Richard A. Dowd, Alderman June M. Caron,
Alderman Benjamin Clemons (via Zoom), Alderman Thomas Lopez (arrived at 7:14 p.m.), Alderman David C. Tencza,
Alderwoman Elizabeth Lu, Alderman Ernest Jette, Alderman Jan Schmidt, Alderman Skip Cleaver (via Zoom),
Alderman Linda Harriott-Gathright, Alderman Lori Wilshire.

Alderman-at-Large Michael B. O’Brien, Sr., and Alderman Brandon Laws were not in attendance.

DISCUSSION
President Wilshire

Tonight we have a discussion on wastewater rates and the paving program update. | am going to recognize the
Mayor to introduce the folks that are here this evening.

e Wastewater Rates and Paving Program Update

Mayor Donchess

All right Madam President. Thank you very much. | first want to introduce who's here. We have Commissioner Kevin
Moriarty, one of the Public Works Commissioners in the room in the back. He's raising his hand. | believe we have
Commissioner Pappas on the phone or at least that's my understanding.

Now we have done a lot of work on paving over the last five years and have made significant progress and | think
everyone has been able to observe that throughout the city. You're going to hear more of the details but over the last
five years and five years or so ago, we began to embark the Board of Aldermen, and |, and Public Works on a 10-year
paving program to upgrade our infrastructure in a very significant way. In those five years, we have - so we're about at
the halfway mark - we have paved 113 miles of streets, and there are about 300 miles of streets in the city. In addition to
that, we have crack sealed, which is a method of preservation that is much cheaper, less expensive than paving but
creates preservation for five years or so. We've cracked sealed another 102 miles of streets. Each street in the city is
given a so-called PCI or “paving condition index” score between zero and 100. The average score over these five years
for all of the city streets has been increased from 67 to 78.

So we are going to do another year of paving of course in 2022 and we'll be coming back to you for the authorization to
continue the program beyond that year in the coming months. But we wanted to update the Board, the City the progress
that has been made here at the halfway mark so that people could understand where we are. Now giving the
presentation will be Lisa Fauteux who is the Director of Public Works. You all know her. Dan Hudson, who's the City
Engineer. Thank you, Dan. Mark Saunders who is the Senior Staff Engineer with the city and William Scarpati, who is
an Associate Paving Management Specialist with Stantec. We have a lot of help from Stantec in terms of evaluating all
of the streets.

One thing I'd like to mention before | turn it over to our staff is that one important innovation, one important change that
we've made, and I've seen that it definitely has had a beneficial effect, is that for the first time about four years ago, we
began testing the quality of the asphalt, not only after it was laid down or as it's being laid down on the street - and that
has had always been going on - but after Director Fauteux and | visited an asphalt plant and consulted with one of the
major pavers in the industry, we decided it was a good idea to engage in inspector to inspect the quality of the asphalt at
the production plant. So we would see it - make sure it was conforming with specs as it was being produced and then as
it was being laid down. When you get into the chemistry and the composition of asphalt, a small deviation in some of the

Special Board of Aldermen 10-14-2021 Page 2

ingredients — tar, or sand, or other things like that can really make a big difference. So at least in my observation that
initial inspection at the production plant has meant that the quality of asphalt we see on the city streets has been
consistently better and that means much more longevity and money much better spent. So with all of that, I'd like to
thank all of our staff for everything that they've done over these five years and have made, you know, this significant
progress. They have to work with utilities and it's far more complicated than it seems to pave this many miles of streets
in a few years. So I'd like to thank Director Fauteux and everybody else who's been working on this for helping us really
advance and improve Nashua’s infrastructure. So with that, | will give you Lisa who probably will turn it over to Dan or
someone else.

Lisa Fauteux, Director of Public Works

Great. Thank you for that introduction, Mayor. Good evening. | will turn it over to Dan Hudson and Mark Saunders
who will be presenting this evening.

Dan Hudson, City Engineer

Thank you Director Fauteux. I'm hoping that the presentation can be shown on the screen here. Let me know if | need
to do anything.

Alderman Klee
Do we need to switch it over? | think you have to give them administrative rights or something to screen share.
President Wilshire

| apologize for all the technical difficulties. I'm not sure why we keep having these issues.

Dan Hudson, City Engineer

Thanks for everyone's patience. Again, my name is Dan Hudson, City Engineer. Tonight what we'd like to do is make a
presentation here and highlight the first five years of the paving program, explain the strategy used to determine the
health of the roadway network and overall pavement management philosophy. We'll touch upon different preservation
treatments, coordination efforts, and what it takes to pave a road. Finally, we'll share conclusions about current status of
the program.

Okay so just touching base on paving history so prior to 2017 as the mayor indicated, the city was typically paving
around 6 to 8 miles of roadway annually. At this rate, we were losing ground as evidenced by poor overall condition of
the paving network. So a 10-year plan was established. The first five years was approved and funded and over that first
five years, we've paved 113 miles, which is a good amount. We've also done crack sealing and other things.

The city currently maintains 311 miles of publicly accepted roadway. Thirty-three percent of that - about 100 miles - is re-
inspected annually. So we've broken the city into basically thirds and each year we go around and we inspect 1/3 of that
network so we can update the conditions. As the Mayor explained, the roads are scored. It's called the PCI “pavement
condition index”. It's a zero to 100 score similar to a grade and school. Zero is a totally impassable road and 100 is a
perfect road. So you want to be as close to 100 as you can get. So we assess the roads, analyze the conditions that
enables us to model deterioration so we can predict how things will perform over the years with different treatments and
such

We break the PCls into treatment bands. So given certain ranges, it can range from 100 would be do nothing because
again, a perfectly new road down to conditions closer to zero, and those would be a full base rehabilitation where you
actually have to grind up the whole road, or dig up the whole road, and replace it. Obviously, that's very expensive.
When the roads are in good shape, you want to maintain them. We're doing a lot of mill and overlay. That provides a
new surface of the roadway. But the goal here is to make roads good and then keep them good and that will provide
cost savings in the long term for the city.

So here is the work completed to date shown as blue highlight and green highlight on the map on the right. The green is
this year's program. The blue is previous years but in total that's the five years. Again 113 miles paved on 520 streets.
We've crack sealed 102 miles and that's on over 400 streets. The average PCI has increased 11 points. Here's a little
graph of that. It's been a steady increase since the 5 years of the 10 year program was funded and has been put into
place.