R-2 1-166
RESOLUTION
RELATIVE TO THE APPROVAL OF AN UPDATED NEW HAMPSHIRE
DEPARTMENT OF TRANSPORTATION PROJECT AGREEMENT AND
ACCEPTANCE AND APPROPRIATION OF FEDERAL AID SURFACE
TRANSPORTATION FUNDS FROM THE STATE OF NEW HAMPSHIRE FOR THE
PURPOSE OF IMPROVING THE EXISTING SIGNALIZED INTERSECTION WHERE
EAST HOLLIS STREET AND CANAL STREET MEET BRIDGE STREET
CITY OF NASHUA
In the Year Two Thousand and Twenty-One
WHEREAS, Resolution R-13-154 authorized the Mayor to enter into a Transportation
Project Agreement with the State of New Hampshire for the purpose of constructing a multi-lane
roundabout replacing the existing signalized intersection where East Hollis Street and Canal
Strect mect Bridge Street and to accept and appropriate $3.661,000 for the project; and
WHEREAS, said multi-lane roundabout is no longer contemplated and as such, that
Agreement and Resolution are no longer applicable and a new Agreement has been put forth by
the New Hampsitre Department of Transportation as described below.
NOW THEREFORE, BE IT RESOLVED by: the Board of Aldermen of the Citv of
Nashua that the Mayor is authorized to execute the attached New Hampshire Department of
Transportation Project Agreement for the purpose of improving the existing signalized
intersection where East Hollis Street and Canal Street meet Bridge Street.
The Mayor is hereby further authorized to accept and appropriate 80% federal funding
for this project in the amount of $2,929,000 and 20% State funding in the amount of $732,000
for a total appropriation of $3,661,000.
FURTHER RESOLVED that should the project cost exceed $3,661,000 up to an amount
of $4,576,250 (an additional $915,250), the City is authorized to accept and appropriate 80%
federal funding up to the amount of $732,200. In this event, the required City matching funds up
to the amount of $183,050 (20%) are available in the FY2022 General Fund Capital
Improvements appropriation (Account # 81-81100). Should project costs exceed $4,576,250, the
City is authorized to accept and appropriate 50% federal funding for the costs, and 50%
matching City funds would be required. The intention is to fund additional required matching
