R-21-128
RESOLUTION
AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS
NOT TO EXCEED THE AMOUNT OF ONE MILLION FIVE HUNDRED FIFTY
THOUSAND DOLLARS ($1,550,000) TO PAY ADDITIONAL COSTS OF THE POLICE
DEPARTMENT’S HEATING, VENTILATION, AND AIR CONDITIONING SYSTEM,
WINDOW IMPROVEMENTS AND LOCKER AREA IMPROVEMENT PROJECT
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 one million five
hundred and fifty thousand dollars ($1,550,000). The proceeds of said bonds shall be used in
addition to the $2,800,000 previously appropriated under Resolution R-19-127 approved on
April 30, 2019 to pay costs of the Police Department’s heating, ventilation, and air conditioning
system, window improvements and locker area improvement projects. The useful life of the
improvements is twenty years.
With the approval of this additional borrowing, the total amount available for this
renovation project will be four million three hundred fifty thousand dollars ($4,350,000).
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 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
