Board Of Aldermen

Special Board of Aldermen 03-21-2022 Page 2

A special meeting of the Board of Aldermen was held Monday, March 21, 2022, at 6:00 p.m. in the aldermanic
chamber as well as via Zoom teleconference.

President Lori Wilshire presided; Deputy Clerk Allison Waite recorded.
Prayer was offered by Deputy Clerk Allison Waite; Alderman John Cathey led in the Pledge to the Flag.

To join by Zoom — please refer to the agenda or the website for the meeting link and telephone number.

LEGISLATIVE YEAR 2022

RESOLUTION: R-22-021
PURPOSE: Changing the purpose of up to One Hundred and Fifty-Two

Thousand and Thirty Dollars ($152,030) of unexpended bond
proceeds from the Fire Department pumper truck and aerial
ladder truck purchases to infrastructure improvements to the
municipal fire alarm system

R-22-021

RESOLUTION

CHANGING THE PURPOSE OF UP TO ONE HUNDRED AND FIFTY-TWO
THOUSAND AND THIRTY DOLLARS ($152,030) OF UNEXPENDED BOND
PROCEEDS FROM THE FIRE DEPARTMENT PUMPER TRUCK AND AERIAL
LADDER TRUCK PURCHASES TO INFRASTRUCURE IMPROVEMENTS TO THE
MUNICPAL FIRE ALARM SYSTEM

Resolution R-22-020

Approved as to form: Office of Corporation Counsel

By: ( eke, (Pore.
Date: LS Maral ODA

LEGISLATIVE YEAR 2022

RESOLUTION: R-22-020
PURPOSE: Authorizing the Mayor and the City Treasurer to issue bonds

not to exceed the amount of Thirty-Seven Million Five
Hundred Thousand Dollars ($37,500,000) to fund the second
five year phase of a ten year payement management project

ENDORSER(S): Mayor Jim Donchess
Alderman-at-Large Lori Wilshire
Alderman-at-Large Michael B. O’Brien, Sr.
Alderman Richard A. Dowd
Alderman Ernest A. Jette

RESOLUTION R-22-020

The bonds are to be issued in fully-registered form by means of a book-entry system or
otherwise and shall have such terms and conditions and be in such form, subject to the provisions
of this resolution and applicable law, as shall be determined by the Mayor and the City
Treasurer.

RESOLVED FURTHER, that the Mayor is authorized to enter into the required
contracts therefor as well as any amendments to be made thereto or any other documentation
necessary for the receipt of said funds.

R-22-020

RESOLUTION

AUTHORIZING THE MAYOR AND THE CITY TREASURER TO ISSUE BONDS NOT
TO EXCEED THE AMOUNT OF THIRTY-SEVEN MILLION FIVE HUNDRED
THOUSAND DOLLARS ($37,500,000) TO FUND THE SECOND FIVE YEAR PHASE
OF A TEN YEAR PAVEMENT MANAGEMENT PROJECT

CITY OF NASHUA

In the Year Two Thousand and Twenty-Two

LEGISLATIVE YEAR 2022

RESOLUTION: R-22-019
PURPOSE: Authorizing Pennichuck Corporation and Pennichuck East

Utility, Inc. to enter into a term loan with CoBank, ACB

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 enter into a term loan as described in the resolution.

R-22-019

RESOLUTION

AUTHORIZING PENNICHUCK CORPORATION AND PENNICHUCK EAST
UTILITY, INC. TO ENTER INTO A TERM LOAN WITH COBANK, ACB

CITY OF NASHUA

In the Year Two Thousand and Twenty-Two

WHEREAS, the City of Nashua is the sole shareholder of Pernichuck Corporation
(*Pennichuck’’) and each of its subsidiaries;