LEGISLATIVE YEAR 2022
RESOLUTION: R-22-039
PURPOSE: Authorizing Pennichuck Corporation and Pennichuck Water
Works, Inc., to borrow funds from the State of New
Hampshire Revolving Loan Fund
ENDORSERS: Alderman Patricia Klee
SE 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 borrow funds as described in the resolution.
Pennichuck has provided additional information on the proposal, which has been forwarded to
the Board of Aldermen.
Article [X (3) of Pennichuck Corporation's Articles of Incorporation and Article V $2 of the
Pennichuck Corporation’s by-laws requires City approval for the borrowing.
Approved as to form: Critice 01 Corporation Counsel
oy (Vogt, Ch Ms-
Date: Rowe "1, rh IDOd~
