LEGISLATIVE YEAR 2020
RESOLUTION: R-20-076
PURPOSE: Authorizing an energy performance contract and lease
financing arrangement
ENDORSERS: Mayor Jim Donchess
Alderman Richard A. Dowd
COMMITTEE
ASSIGNMENT:
FISCAL NOTE: The maximum principal amount of the Agreement or other tax-
exempt obligations expected to be delivered for the Equipment is
not expected to exceed $6,671,814.
ANALYSIS
This resolution authorizes the City of Nashua to enter into an energy performance contract and
lease financing arrangement with Municipal Leasing Consultants, LLC for energy saving
equipment for the city’s two high schools.
Pursuant to Nashua City Charter §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 form: Office of Corporation Counsel
By: /s/ Steven Bolton
Date: September 17, 2020
