R-20-076
RESOLUTION
AUTHORIZING AN ENERGY PERFORMANCE CONTRACT AND LEASE
FINANCING ARRANGEMENT
CITY OF NASHUA
In the Year Two Thousand and Twenty
WHEREAS, the City of Nashua, New Hampshire (the “City”), is a political subdivision
duly organized under the constitution and laws of the State of New Hampshire; and
WHEREAS, it is hereby determined that a true and real need exists for the acquisition
and installation of certain energy savings equipment to be acquired and installed at certain
facilities of the Nashua School District (the “Equipment’); and
WHEREAS, it is necessary and desirable and in the best interest of the City of Nashua,
New Hampshire, on behalf of Nashua School District, as lessee, to enter into an Equipment
Lease Purchase Agreement (the "Agreement") with Municipal Leasing Consultants, LLC, as
initial lessor (the “Lessor”’), for the purposes described therein, including the leasing of the
Equipment;
NOW, THEREFORE, BE IT RESOLVED, BY THE BOARD OF ALDERMEN OF
THE CITY OF NASHUA, NEW HAMPSHIRE, AS FOLLOWS:
Section 1. The Agreement, in substantially the same form as presented to this meeting,
and the terms and performance thereof are hereby approved, and the Mayor of the City is hereby
authorized to execute and deliver the Agreement on behalf of the City, with such changes therein
as shall be approved by such officer, such approval to be conclusively evidenced by such
officer’s execution thereof.
Section 2. The Escrow Agreement (the “Escrow Agreement’), among the City, the
Lessor and the escrow agent named therein, in substantially the same form as attached and the
terms and performance thereof are hereby approved, and the Escrow Agreement is hereby
authorized to be executed and delivered on behalf of the City by a duly authorized officer of the
City, with such changes therein as shall be approved by such officer, such approval to be
conclusively evidenced by such officer’s execution thereof.
Section 3. The Energy Performance Contract (the “Energy Contract’), between Nashua
School District and Energy Efficient Investments, Inc. in substantially the same form as attached,
and the Energy Contract is hereby authorized to be executed and delivered.
