Agenda

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.

R-22-039

RESOLUTION

AUTHORIZING PENNICHUCK CORPORATION AND PENNICHUCK WATER
WORKS, INC. TO BORROW FUNDS FROM THE STATE OF NEW HAMPSHIRE
REVOLVING LOAN FUND

CITY OF NASHUA

In the Year Two Thousand and Twenty-Two

WHEREAS, the City of Nashua is the sole shareholder of Pennichuck Corporation and
each of its subsidiaries;

SPECIAL BOARD OF ALDERMEN

JUNE 13, 2022

7:00 P.M. or immediately following Human Affairs Committee Aldermanic Chamber and via Zoom

To Join Zoom meeting: https://us02web.zoom.us/j/86257449600?pwd=V21DUkMxLys3SEtX bnFFcHp5 Y2NJZz09
Meeting ID: 862 5744 9600 Passcode: 392868

To Join by Telephone: 1-929-205-6099
Meeting ID: 862 5744 9600 Passcode: 392868

LEGISLATIVE YEAR 2022

RESOLUTION: R-22-044

PURPOSE: Relative to the supplemental appropriation of $1,500,000 of
FY2022 Assigned Fund Balance into Department 126
“Financial Services”, Account 68500 “Abatements”

SPONSOR(S): Mayor Jim Donchess
COMMITTEE
ASSIGNMENT: Budget Review Committee
FISCAL NOTE: This resolution will reduce the Assigned Fund Balance portion
for Overlay. The current balance assigned for overlay is
$1,500,000.
ANALYSIS

R-22-044

RESOLUTION

RELATIVE TO THE SUPPLEMENTAL APPROPRIATION OF $1,500,000 OF FY2022
ASSIGNED FUND BALANCE INTO DEPARTMENT 126 “FINANCIAL SERVICES”,
ACCOUNT 68500 “ABATEMENTS”

In the Year Two Thousand and Twenty-Two

RESOLVED by the Board of Aldermen of the Citv of Nashua to appropriate $1,500,000
of FY2022? assigned fund balance into Department 126 “Financial Services”. Account 68500
“Abatements” for the purpose of funding additional tax abatements.

APPENDIX B: Dues Deduction Form

This page is intentionally left blank. There are no dues deductions.

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APPENDIX A: Salary Schedule (cont’d)

ASSISTANT

PRINCIPALS July 1, 2022 July 1, 2023 July 1, 2024 July 1, 2025
Secondary

500 $84,700 $86,400 $88,100 589,900

501 $85,900 $87,600 $89,400 $91,200

502 $87,200 $88,900 $90,700 $92,500

503 $88,500 $90,300 $92,100 $93,900

504 $89,800 $91,600 $93,400 $95,300

505 $91,000 $92,800 $94,700 $96,600

506 $92,300 $94,100 $96,000 $97,900

507 $93,600 $95,500 $97,400 $99,300

508 $94,900 $96,800 $98,700 $100,700

509 $95,900 $97,800 $99,800 $101,800

APPENDIX A: Salary Schedule (cont’d)

PRINCIPALS July 1, 2022 July 1, 2023 July 1, 2024 July 1, 2025
High School

300 $104,600 $106,700 $108,800 $111,000

301 $105,700 $107,800 $110,000 $112,200

302 $106,800 $108,900 $111,100 $113,300

303 $108,000 $110,200 $112,400 $114,600

304 $109,100 $111,300 $113,500 $115,800

305 $110,300 $112,500 $114,800 $117,100

306 $111,400 $113,600 $115,900 $118,200

307 $112,600 $114,900 $117,200 $119,500

308 $113,700 $116,000 $118,300 $120,700

APPENDIX A: Salary Schedule

15:2 IN WITNESS WHEREOF the parties hereto have caused this Agreement to be signed by their
respective presidents.

NASHUA BOARD OF EDUCATION

Jennifer Bishop
PRESIDENT

Dated _

NASHUA ASSOCIATION OF SCHOOL PRINCIPALS

Michael Mahoney
PRESIDENT

Dated

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