R-21-193
RESOLUTION
AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS NOT TO
EXCEED THE AMOUNT OF TWENTY ONE MILLION DOLLARS ($21,000,000) TO
FUND ARCHITECTURAL, ENGINEERING, SURVEYING, CONSTRUCTION AND
OTHER RELATED WORK FOR THE DESIGN AND CONSTRUCTION OF A
RIVERWALK ADJACENT TO THE NASHUA RIVER NEAR MAIN STREET
CITY OF NASHUA
In the Year Two Thousand and Twenty One
RESOLVED by the Board of Aldermen of the Citv of Nashua that the Mayor of the City
of Nashua and the City Treasurer of the City of Nashua are hereby authorized to issuc and scll
general obligation bonds of the City in an aggregate principal not to execed twenty one million
dollars ($21,000,000). The proceeds of said bonds shall be used for the construction of the
expanded Riverwalk project stemming from the 2017 Nashua Downtown Riverfront Plan. The
scope of the project is approximately 1.8 mile section of the Nashua River outlined as Quadrants
2 and 3 from the above referenced plan and is essentially from the Nashua Millyard starting at
the Cotton Mill Transfer Bridge in the Downtown areca and ends at the Pan Am Bridge. The plan
recommends and this project implements the creation of walkways, multi-modal paths,
cantilevered boardwalks, landscaping improvements, enhanced access to the waterfront and the
river itself including a floating dock, wayfinding amenitics, historical and natural resource
protection, improved environmental stewardship, lighting, alternative parking solutions with
potential for new construction, and ensuring future maintenance of improvements. The useful life
of said program is 50 years.
Pursuant to Nashua City Charter §54-a. this resolution requires a “duly advertised public
hearing.” Also sec N.H. RSA 33:9. which requires a 2/3 vote for passage of this resolution.
The bonds shall be gencral 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 issucd
pursuant to this resolution shall not require an authenticating certificate of a bank or trust
company doing business in the State of New Hampshire or The Commonwealth of
Massachusetts, or the Commissioner of Revenue Administration.
