LEGISLATIVE YEAR 2020
RESOLUTION: R-20-057
PURPOSE: Authorizing the Mayor and the City Treasurer to issue bonds
not to exceed the amount of twenty million dollars
($20,000,000) to refund all or a portion of certain outstanding
bonds of the City in order to achieve interest cost savings
SPONSOR(S): Mayor Jim Donchess
COMMITTEE
ASSIGNMENT: Budget Review Committee
FISCAL NOTE: This resolution would allow the city to refinance (re-fund)
older bonded debt in order to achieve future interest savings.
ANALYSIS
This resolution authorizes up to twenty million dollars in refunding bonds to pay principal and
other expenses of outstanding bonds. N.H. RSA 33:3-d authorizes and addresses refunding
bonds.
Pursuant to both Nashua City Charter §54-a and N.H. RSA 33:3-d, this resolution requires a duly
advertised public hearing with at least seven days’ notice before the hearing is held. Also see
N.H. RSA 33:9, which requires a 2/3 vote for passage of this resolution.
Approved as to account Financial f Division
structure, numbers, and fick a AAA
amount: By: vs
—
Approved as to form: Offic Y Corporation th
By: Vw ke, Choke
Date: 7_ v
