R-21-106
RESOLUTION
AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS NOT TO
EXCEED THE AMOUNT OF TWO MILLION SEVEN HUNDRED
THOUSAND DOLLARS ($2,700,000) FOR VARIOUS IMPROVEMENTS AT THE
SOLID WASTE DEPARTMENT FOUR HILLS LANDFILL
AND THE PURCHASE OF TWO REFUSE TRUCKS
CITY OF NASHUA
in the Year Two Thousand and Twenty-One
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 two million seven
hundred thousand dollars ($2,700,000). The proceeds of said bonds shall be used for the
following improvements and vehicles at the Four Hills Landfill:
Project Description NTE Amount Useful Life
Landfill Gas Expansion FY 21 $1,200,000 20 Years
Solid Waste Equipment Coverage/Storage $ 500,000 20 Years
Solid Waste Landfill Scale Replacement $ 400,000 20 Years
Two Refuse Trucks FY 21 $ 600,000 7 Years
The amounts indicated above for each project are estimates and the Mayor may allocate
more funds to any one or more of such projects, and less to others, so long as, in the judgment of
the Mayor, each of the projects described above can be completed within the total appropriation
made by this Resolution.
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 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
company doing business in the State of New Hampshire or The Commonwealth of
Massachusetts, or the Commissioner of Revenue Administration.
