R-22-038
RESOLUTION
AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS
NOT TO EXCEED THE AMOUNT OF TWO MILLION AND FOUR HUNDRED FIFTY
THOUSAND DOLLARS ($2,450,000) FOR WALNUT STREET OVAL INTERSECTION
PROJECT AND WEST PEARL STREET STREETSCAPING
CITY OF NASHUA
In the Year Two Thousand and Twenty-Two
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 two million and four
hundred fifty thousand dollars ($2,450,000), The proceeds of said bonds shall be used for the
Walnut Street Oval Intersection Project and West Pearl Street Streetscaping:
Project Amount to be borrowed Useful Life
Walnut Street Oval Intersection Project #41526 $ 555,000 20 Years
West Pearl Street Streetscaping $1,895,000 20 Years
Total $ 2,450,000
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 tevied 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.
