AMENDED
R-17-116
RESOLUTION
AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS NOT TO
EXCEED THE AMOUNT OF FIFTEEN MILLION FIVE HUNDRED THOUSAND
DOLLARS ($15,500,000) FOR THE PERFORMING ARTS CENTER
CITY OF NASHUA
In the Year Two Thousand and Seventeen
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 fifteen million five
hundred thousand dollars ($15,500,000). The proceeds of said bonds shall be used for the
Performing Arts Center. The useful life of the project is 30 years.
PURPOSE WORK DESCRIPTION AGGREGATE USEFUL
PRINCIPAL LIFE
NOT TO EXCEED
Purchase, renovate, Purchase of an existing Fifteen million five Thirty (30)
and constructa new | building and the construction | hundred thousand years
performing arts of both floors to include all dollars ($15,500,000)
center hard, soft and incidental
costs.
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 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.
