Board of Aldermen 6-23-2020 Page 30
R-20-039
Endorser: Alderman-at-Large Lori Wilshire
Alderman-at-Large Michael B. O’Brien, Sr.
Alderman-at-Large David C. Tencza
Alderman Richard A. Dowd
AUTHORIZING PENNICHUCK CORPORATION AND PENNICHUCK WATER WORKS, INC. TO
ISSUE TAXABLE BONDS OF UP TO $75,000,000
Given its second reading;
MOTION BY ALDERMAN O’BRIEN FOR FINAL PASSAGE OF R-20-039, BY ROLL CALL
A viva voce roll call was taken which resulted as follows:
Yea: Alderman O’Brien, Alderman Klee, Alderwoman Kelly, Alderman Dowd,
Alderman Caron, Alderman Clemons, Alderman Lopez, Alderman Tencza,
Alderwoman Lu, Alderman Jette, Alderman Schmidt, Alderman Cleaver,
Alderwoman Harriott-Gathright, Alderman Wilshire 14
Nay: 0
MOTION CARRIED
Resolution R-20-039 declared duly adopted.
R-20-040
Endorsers: Mayor Jim Donchess
Alderman Linda Harriott-Gathright
Alderman-at-Large David C. Tencza
Alderman-at-Large Michael B. O’Brien, Sr.
Alderman Richard A. Dowd
Alderman Jan Schmidt
AUTHORIZING THE MAYOR AND CITY TREASURER TO BORROW FROM THE NEW
HAMPSHIRE DEPARTMENT OF ENVIRONMENTAL SERVICES STATE
REVOLVINGLOAN FUND AN ADDITIONAL AMOUNT NOT TO EXCEED TWO MILLION
FIVE HUNDRED THOUSAND DOLLARS ($2,500,000) FOR PUMP STATION UPGRADES
Given its second reading;
MOTION BY ALDERMAN JETTE FOR FINAL PASSAGE OF R-20-040, BY ROLL CALL
ON THE QUESTION
President Wilshire
Alderman Jette?
Alderman Jette
And | would like to speak to it. So this is authorizing the Mayor and the City Treasurer to borrow $2.5
million dollars for upgrading the pump stations. This is normal maintenance and normal replacement. The
City Wastewater System — not every part of the City is above sea level so we need pumps to move the
wastewater from low levels up to the point where it can reach the treatment plan and the river. So this is
just normal, it’s a lot of money but it’s normal money — it’s normal maintenance that has to be spend. And
the State provides an opportunity to borrow this money at a low interest rate. So it makes a lot of sense for
us to do this.
