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LEGISLATIVE YEAR 2020
RESOLUTION: R-20-070

PURPOSE: Relative to the acceptance and appropriation of $294,676 from
the New Hampshire Charitable Foundation into Public Health
and Community Services grant activity “Community Health
Worker Support to Vulnerable Populations”

SPONSOR(S): Mayor Jim Donchess
COMMITTEE
ASSIGNMENT: Human Affairs Committee
FISCAL NOTE: Fiscal impact is a $294,676 grant to be used for a specific
purpose.
ANALYSIS

This resolution authorizes the City to accept and appropriate funds from the New Hampshire
Charitable Foundation for the purpose of hiring Community Health workers to strengthen
outreach services to vulnerable populations, especially racial and ethnic minorities.

Approved as to account Financial Services Division
structure, numbers,

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

By: Yeud,Chrtke
Date: 4 Seg bedule, PDA

R-20-071

RESOLUTION

AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS
NOT TO EXCEED THE AMOUNT OF EIGHT MILLION DOLLARS ($8,000,000) FOR
TWO CONTSRUCTION PROJECTS, CONSISTING OF A PUBLICLY ACCESSIBLE
GROUND LEVEL PARKING GARAGE (82,500,000) AND ADDITONAL FUNDING
FOR THE PROPOSED PERFORMING ARTS CENTER ($5,500,000)

CITY OF NASHUA

In the Year Two Thousand and Twenty

WHEREAS, the Board of Aldermen passed R-18-001 “Authorizing the Mayor and City
Treasurer to issue bonds not to exceed the amount of fifteen million five hundred thousand
dollars ($15,500,000) for the Performing Arts Center located at 201 Main Street” on February
13, 2018.

WHEREAS, the Board of Aldermen passed R-18-092 on December 11, 2018, which
amendment allowed borrowing for the design of the project prior to the raising of $4,000,000 in
private funds, including New Market Tax Credits, for the new performing arts center.

WHEREAS, the Board of Aldermen passed R-20-001 on February 2, 2020, which
amended the time period on the expiration date of the Performing Arts Center project bonding
authority until August 31, 2021 as it is relates to the additional $4,000,000 to be raised.

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 issue and sell general obligation bonds of the City in an aggregate principal
not to exceed two million five hundred thousand dollars ($2,500,000). The proceeds of said
bonds shall be used for the construction of a publicly accessible ground level parking garage to a
proposed 146 unit multi-family apartment project on a City owned parking lot, which would
include an area for parking (approximately 48-50 spaces), a minimum amount of lobby and
amenity space, fire stairs landing at grade from the building above, and mechanical spaces so
serve the building with power, water, and other infrastructure. The useful life of the
improvements is twenty-five years.

RESOLUTION R-20-071

FURTHER 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 issue and sell general obligation bonds of the City in an aggregate principal not to exceed five
million five hundred thousand dollars ($5,500,000). The proceeds of said bonds shall be used to
pay construction costs of the Performing Arts Center project, in addition to all other amounts
previously approved to be expended for that project. The stipulations approved by the Board of
Aldermen under R-18-001, R-18-092, and R-20-001 will apply to this bond resolution (R-20-
070). The useful life of the improvements is twenty-five years.

The amounts indicated above for each project are estimates and the Mayor may allocate
more funds to any one or more of such projects, and less to others, so long as, in the judgment of
the Mayor, each of the projects described above can be completed within the total appropriation
made by this Resolution.

It is intent that a new Tax Increment Financing (TIF) district will be created that would
fund the annual payments on this bond. The TIF will include certain properties on School Street
and surrounding streets.

Pursuant to Nashua City Charter §54-a, this resolution requires a “duly advertised public
hearing.” Also see N.H. RSA 33:9, which requires a 2/3 vote of all the members for passage of
this resolution.

The bonds shall be general obligations of the City of Nashua, payable as to principal and
interest from ad valorem taxes, which will be levied without limitation as to rate or amount on all
taxable property within the territorial limits of the City of Nashua.

The bonds shall bear the manual or facsimile signature of the City Treasurer and the
Mayor. In accordance with Chapter 91 of the New Hampshire Acts of 2005, bonds issued
pursuant to this resolution shall not require an authenticating certificate of a bank or trust
company doing business in the State of New Hampshire or The Commonwealth of
Massachusetts, or the Commissioner of Revenue Administration.

The bonds are to be issued in fully-registered form by means of a book-entry system or otherwise
and shall have such terms and conditions and be in such form, subject to the provisions of this
resolution and applicable law, as shall be determined by the Mayor and the City Treasurer.

FURTHER RESOLVED, that the Mayor is authorized to enter into the required
contracts therefor as well as any amendments to be made thereto or any other documentation
necessary for the receipt of said funds.

LEGISLATIVE YEAR 2020
RESOLUTION: R-20-071

PURPOSE: Authorizing the Mayor and City Treasurer to issue bonds not to
exceed the amount of eight million dollars ($8,000,000) for two
construction projects. The first being the construction of a publicly
accessible ground level parking garage to a proposed 146 unit
multi-family apartment project on a city owned parking lot, which
would include an area for parking 48-50 spaces. The second being
additional funding for the performance arts center. The new total
amount needed for the performance arts center project will now be
twenty one million dollars ($21,000,000) - R-18-001 authorized
$15,500,000 and this current resolution R-20-070 authorizes

$5,500,000.
SPONSOR(S): Mayor Jim Donchess
COMMITTEE
ASSIGNMENT:
FISCAL NOTE: It is anticipated that the bond would be sold in FY 21/22 for a term

of twenty five years. It is estimated the interest rate will be
approximately 2.5% (TAXABLE) and the total cost of the bond
will be approximately $10,664,225 including interest-level debt.
The average annual payment will be approximately $426,569.

At this time it is undeterminable if the TIF district will have
sufficient funds to cover the first 2 years of bond payments related
to the PAC. It is also anticipated the full or a portion of the
revenue derived from the sale of the air rights for the new
apartments building may be available for these projects in
anticipation of a supplemental appropriation request.

ANALYSIS

This resolution authorizes the City to issue and sell general obligation bonds up to $8,000,000
for the Parking Garage and Performance Art Center (PAC) The garage has not been through the
most recent Capital Improvements Program but it is scheduled for a meeting in September 2020.
Funding for this bond will be generated through a new proposed Tax Increment Financing
District (TIF). 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 of all the members for
passage of this resolution.

RESOLUTION

Approved as to account
structure, numbers and
amount:

Approved as to form:

R-20-071

Financial Services Division

By: /s David G. Fredette

Office of Corporation Counsel
By: /s/ Celia K. Leonard

Date: 9/2/2020

R-20-072

RESOLUTION

RELATIVE TO THE ACCEPTANCE AND APPROPRIATION OF $356,046 FROM THE U.S.
DEPARTMENT OF TRANSPORTATION, FEDERAL TRANSIT ADMINISTRATION, AND
$26,828 FROM THE STATE OF NEW HAMPSHIRE DEPARTMENT OF
TRANSPORTATION INTO TRANSIT GRANT ACTIVITY “LOW OR NO EMISSION
GRANT PROGRAM”

CITY OF NASHUA

In the Year Two Thousand and Twenty

RESOLVED by the Board of Aldermen of the City of Nashua that the City of Nashua is
authorized to accept and appropriate $356,046 of Federal grant funds from the U.S. Department of
Transportation, Federal Transit Administration, and $26,828 from the State of New Hampshire
Department of Transportation into Transit Grant Activity “Transit Low or No Emission Grant
Program” for the purpose of purchasing 2 electric vans, 1 electric vehicle and related electrical
upgrades and charging stations. Matching funds in the amount of $34,828 are required for this grant
of which $26,828 is currently allocated for van replacements in the City’s CERF plan, and the
remainder of $8,000 will be funded through matching funds from the City’s General Fund.

LEGISLATIVE YEAR 2020
RESOLUTION: R-20-072

PURPOSE Relative to the acceptance and appropriation of $356,046 from the
U.S. Department of Transportation, Federal Transit Administration,
and $26,828 from the State of New Hampshire Department of
Transportation into Transit Grant Activity “Low or No Emission
Grant Program”

SPONSOR(S): Mayor Jim Donchess

COMMITTEE

ASSIGNMENT: Human Affairs Committee

FISCAL NOTE: Fiscal impact is grant funding to be used for a specific purpose.
ANALYSIS

This resolution authorizes the City to accept and appropriate grant funds from the U.S. Department
of Transportation, Federal Transit Administration and the State of New Hampshire Department of
Transportation for the purpose of purchasing 2 electric vans, 1 electric vehicle and related electrical
upgrades and charging stations. Matching funds in the amount of $34,828 are required for this grant
of which $26,828 is currently allocated for van replacements in the City’s CERF plan, and the
remainder of $8,000 will be funded through matching funds from the City’s General Fund.

Approved as to account Financial Services Division
structure, numbers, and

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

y Mra Yorke
Date: 4 Seoede. 9090

R-20-073

RESOLUTION

AUTHORIZING THE MAYOR TO ENTER INTO PILOT AGREEMENT PURSUANT
TO RSA 72:74 WITH PENNICHUCK WATER WORKS, INC.

CITY OF NASHUA

In the Year Two Thousand and Twenty

RESOLVED by the Board of Aldermen of the City of Nashua that the Mayor is
authorized to enter into the Pilot Agreement pursuant to RSA 72:74 with Pennichuck Water
Works, Inc. in substantially the same form as the attached.

AGREEMENT PURSUANT TO RSA 72:74

This is an agreement between the City of Nashua (Nashua) a New Hampshire municipal

corporation with its principal place of business at 229 Main Street, Nashua, New Hampshire and

Pennichuck Water Works, Inc. (Pennichuck) a New Hampshire corporation and regulated utility.

The parties agree as follows:

1.

Pennichuck shall install renewable electric generating facilities in the form of solar
panels and related equipment on certain of its properties in northeast Nashua.

As to any such properties Pennichuck shall not be liable for municipal real estate taxes
but shall instead make a payment in lieu of taxes (PILOT) each year in accordance with
New Hampshire RSA 72:74. Said PILOT shall be equal to the value of the real estate
comprising each separate parcel as of April 1 of each year less the value of the solar
facilities and related equipment (Adjusted Value). multiplied by the tax rate determined

by the New Hampshire Department of Revenue Administration for Nashua in said year.

. The PILOT shall be paid in two installments each year, the first on or before July 1 in an

amount of 50% of the total tax bill or PILOT for the previous year and the second on or
before December first in an amount equal to the total due for that year less any payment
made on account of the July obligation.

Interest on any late payment will be charged and shall accrue in the same manner and at
the same rate as for municipal real estate taxes.

Pennichuck may in any year challenge Nashua’s calculation of the Adjusted Value in the
same manner and with the same filing deadlines as applicable to municipal real estate tax

abatements.

6. The term of this agreement shall be five (5) years beginning with tax year 2021 and may

be renewed for subsequent five (5) year periods by agreement of the parties.

Date:

City of Nashua

Pennichuck Water Works, Inc.