R-20-012
RESOLUTION
AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS
NOT TO EXCEED THE AMOUNT OF ONE MILLION ONE HUNDRED THOUSAND
DOLLARS ($1,100,000) FOR THE PUBLIC HEALTH AND COMMUNITY SERVICES
DIVISION BUILDING RENOVATIONS
CITY OF NASHUA
In the Year Two Thousand and Twenty
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 one million one
hundred thousand dollars ($1,100,000). The proceeds of said bonds shall be used for the Public
Health and Community Services Division building renovations. The useful life of the
improvements is twenty-five years.
Resolutions R-08-063 and R-18-078 have both been approved previously for this project.
Resolution R-08-063 was approved on July 21, 2009 for the amount of one million two hundred
and two thousand dollars ($1,202,000), which was part of a larger bond resolution and
Resolution R-18-078 was approved on November 19, 2018 for the amount of one million three
hundred thousand dollars ($1,300,000). Currently the total amount approved for this project is
two million five hundred and two thousand dollars ($2,502,000). With the approval of this bond
the total amount available for this renovation project will be three million six hundred and two
thousand dollars ($3,602,000).
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
