LEGISLATIVE YEAR 2021
RESOLUTION: R-21-146
PURPOSE: Authorizing Pennichuck Corporation and Pennichuck East
Utility, Inc. to enter into a term lean with CoBank, ACB
ENDORSERS: Alderman-at-Large Lori Wilshire
COMMITTEE .
ASSIGNMENT: Pennichuck Special Water Committee
FISCAL NOTE: None.
ANALYSIS
This resolution approves the proposal by Pennichuck Corporation and one of their regulated
public water subsidiaries to enter into a term loan as described in the resolution.
We have forwarded additional information provided by Pennichick on the proposal to the Board
of Aldermen.
Article EX (3) of Pennichuck Corporation’s Articles of Incorporation and Article V §2 of the
Pennichuck Corporation’s by-laws requires City approval for the borrowing,
Approved as to form: Office of Corporation Counsel
By: Uruk, (ClowAN le
Date: \ O Mowe oD UU
