R-21-187
RESOLUTION
CHANGING THE PURPOSE OF UP TO $440,225 OF UNEXPENDED BOND
PROCEEDS FROM THE LED STREET LIGHT PROJECT TO INFRASTRUCURE
IMPROVEMENTS - SIDEWALK CONSTRUCTION FOR THE DESIGN, REPAIR, AND
CONSTRUCTION OF SIDEWALKS
RESOLVED by the Board of Aldermen of the City of Nashua that the purpose of the
remaining unexpended bond proceeds previously reserved and designated under Resolution
R-15-191 (“Authorizing the Mayor and City Treasurer to issue bonds not to exceed the amount
of two million two hundred thousand dollars ($2,200,000) for the purchase and installation of
light-emitting diode (“LED”) street lights”) is changed as follows:
The original purpose from R-15-191 was for the conversion of existing street lights to
light-emitting diode (“LED”) street lights. The purposes for which the funds were originally
borrowed is complete and there will be a remaining balance of proceeds that is surplus.
The new purpose will be for up to $440,225 to be used for the design, repair, and
construction of sidewalks.
