Board of Aldermen 05-04-2020 Page 6
And it is actually one — if you think about it, our debt is almost like a set of dominoes, should we not have
that line of credit, we now have a problem relative to the other layers of debt including the note payable to
the City of Nashua. So it is a very vital element in this overall process. |’ve said a lot, | will stop talking for
a minute and field any questions.
President Wilshire
Are there any questions from the Board?
Alderman Lopez
| have a question.
President Wilshire
Alderman Lopez?
Alderman Lopez
Just as a point of order, should we include the letter that was received this morning that was just referenced
in the minutes for this meeting?
From: Larry Goodhue, CEO Pennichuck Corporation
Re: Small Business Administration Paycheck Protection Program Loan
President Wilshire
Are you going to make a motion?
Alderman Lopez
| make that Motion.
MOTION BY ALDERMAN LOPEZ TO ACCEPT AND PLACE ON FILE THE COMMUNICATION FROM
LARRY GOODHUE DATED MAY 4, 2020 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,
Alderman Jette, Alderman Schmidt, Alderman Skip Cleaver,
Alderman Harriot-Gathright, Alderman Wilshire 13
Nay: 0
MOTION CARRIED
There being no objection, President Wilshire accepted the communication and placed it on file.
President Wilshire
Is there any further discussion, questions for Pennichuck before we get into the Legislation?
