R-21-192
RESOLUTION
AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS
NOT TO EXCEED THE AMOUNT OF THREE MILLION DOLLARS (33,000,000) FOR
ADDITIONAL COST FOR THE DESIGN AND CONSTRUCTION OF A DIVISON OF
PUBLIC WORKS OFFICE FACILITY
CITY OF NASHUA
In the Year Two Thousand and Twenty One
WHEREAS, the Board of Aldermen passed R-19-187 “Authorizing the Mayor and City
Treasurer to issue bonds not to exceed the amount of six million dollars ($6,000,000) for the
design and construction of a Division of Public Works Office Facility located at 840 West Hollis
Street on December 23, 2019; and
WHEREAS, additional funding is needed for this project.
NOW THEREFORE, BE. IT. 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 three million dollars ($3,000,000). The proceeds of said bonds shall be used for
additional cost for the design and construction of a Division of Public Works Office Facility.
The useful life of the improvements is thirty years.
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
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.
