LEGISLATIVE YEAR 2022
RESOLUTION: R-22-018
PURPOSE: Authorizing Pennichuck Corporation and Pennichuck East
Utility, Inc., to borrow funds and accept a grant from the State
of New Hampshire Drinking Water and Groundwater Trust
Fund
ENDORSERS: Alderman Patricia Klee
COMMITTEE
ASSIGNMENT: Pennichuck Water Special Committee
FISCAL NOTE: None.
ANALYSIS
This resolution approves the proposal by Pennichuck Corporation and one of their regulated
public water subsidiaries to obtain a loan and grant from the State of New Hampshire Drinking
Water and Groundwater Trust Fund.
Pennichuck has provided additional information on the proposal, which has been forwarded to
the Board of Aldermen.
Article [X (3) of Pennichuck Corporation’s Articles of Incorporation and Article V §2 of the
Pennichuck Corporation’s by-laws requires City approval for the borrowing.
Approved as to form: Office of Corporation Counsel
py. Nope, (ou Mee
Date: M Mart dn Dye
