RESOLUTION:
PURPOSE:
SPONSOR(S):
COMMITTEE
ASSIGNMENT:
FISCAL NOTE;
LEGISLATIVE YEAR 2021
R-21-106
Authorizing the Mayor and City Treasurer to issue bonds not
to exceed the amount of two million seven hundred thousand
dollars ($2,706,000) for various improvements at the Solid
Waste Department Four Hills Landfill and the purchase of two
refuse trucks
Mayor Jim Donchess
It is anticipated that the bond would be sold in FY 22/23 for a term
of twenty or twenty-five years, It is estimated the interest rate will
be approximately 2.5% and the total cost of the bond will be
approximately $3,287,250 including interest. The average annual
payment will be approximately $259,000 for the first 5 years and
then $132,000 for year 6 through 20.
ANALYSIS
This resolution authorizes the City to issue and sell general obligation bonds up to $2,700,000
for various improvements at the Solid Waste Department Four Hills landfill and the purchase of
two refuse trucks. These projects can be found in the FY 2021 Capital Improvements Program
and CERF list.
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.
This legislation should be referred to the Board of Public Works for its review and approval.
Approved as to account
structure, numbers,
and amount:
Approved as to form:
Financial Services Division
By: _/s/John Griffin
Office of Corporation Counsel
By: Vow, Clay Ne
Date: A casaasuy J, ID
