RESOLUTION:
PURPOSE:
SPONSOR(S):
COMMITTEE
ASSIGNMENT:
FISCAL NOTE:
LEGISLATIVE YEAR 2019
R-19-114
Authorizing the Mayor and City Treasurer to issue bonds not
to exceed the amount of six million dollars ($6,000,000) for the
Phase II lined landfill expansion of the Nashua Four Hills
Landfill, to include engineering services
Mayor Jim Donchess
It is anticipated that the bonds will be sold beginning in FY 20
and continuing through FY 21. It is projected that the interest
rate for the bonds will be approximately 3.5% and the total
cost of the bond over 10 years will be approximately
$7,155,000, including interest. The average annual payment
will vary as the bonds will be sold over a two year period and
the payment plan may include a deferred principal payback
plan.
ANALYSIS
This resolution authorizes the City to issue and sell general obligation bonds up to $6,000,000 for
Phase III lined landfill expansion at the Four Hills Landfill, including engineering services. This
project is in the FY2019 Capital Improvements Program. This legislation should be referred to the
Board of Public Works for review and approval.
Pursuant to Nashua City Char
ter §54-a, this resolution requires a “duly advertised public
hearing”. Also see NH RSA 33:9, which requires a 2/3 vote for passage of this resolution.
Approved as to content,
account structure,
numbers and amount:
Approved as to form:
Financial Services Division
By: “Y SEs
0% Conporation Counse
Offiéé of Corporation Counsel
By: Web Cfor_keg,
Date: ACCA IW noid
