Special Board of Aldermen 06-21-2021 Page 42
Mr. Teeboom And bond things are — the purpose of that is to spread the costs over 20 years or 30 years.
So | still don’t understand. Is there a single line item that made that made this thing go up $7.8 million
dollars.
Director Fauteux
There’s not a single item. There’s many capital projects and they are listed in the debt service schedule in
the budget and there’s also in the capital improvements it will show you all of the projects that are being
funded by the Operating Budget and being funded by bonding. It is in the budget and it does show
everything.
Chairman Dowd
All set Mr. Teeboom?
Mr. Teeboom | guess | have to read the budget but it seems like an awful lot of money in one year.
Mr. Griffin
Mr. Chairman, maybe | can address this particular issue as well. Mr. Teeboom on Page 294 is the
Infrastructure improvements that are going to be funded by bonding which are listed on Page 296. 294 as
Director Fauteux just indicated. So that’s the Infrastructure improvements funded by bonds. And she
indicated the projects are clearly articulated as shown on Page 296. So that’s on the expenditure side. And
if we take a look at the revenue side on Page 291 you will see general obligation bond proceeds of a like
amount. So in this particular case, the cost of the operation went up but so didn’t the revenue and it’s a
self-contained enterprise fund.
Mr. Teeboom Well | see on Page 296 you’ve got $11 million dollars of capital improvements in ’22 and it
shows 0 in ’21.
Mr. Griffin
So Mr. Chairman if | may? A lot of the amounts in ’21 were funded by cash and as Director Fauteux
indicated there was a comprehensive presentation made in the January / February timeframe to the Board
of Aldermen.
Mr. Teeboom I'll let the Aldermen figure this one out. Thank you.
Mr. Griffin
Thank you.
Daniel Richardson 70 Berkeley Street, Nashua, New Hampshire. | have a commentary on the Waste Water
situation. With all polyanna view the Board of Aldermen purchased Burke Street property $4.5 million
dollars several years ago and everything was going to be hunky dory, expansion of the Waste Water
Treatment Plant and then they realized that they didn’t really do the homework. It was going to cost a lot of
money to fix that place up. So they put it on the market and we had some Purchase Sale Agreement. That
fell through. So we’ve got an asset sitting there. What are we doing with that? How is that going to be
used with the Waste Water Treatment? How is that asset going to be contributing to the benefit of Waste
Water financially?
Mayor Donchess
First of all this was purchased under a previous administration.
Mr. Richardson | am not blaming you. You were an Alderman though.
