Attachment A
MLA No. RX0848
MASTER LOAN AGREEMENT
THIS MASTER LOAN AGREEMENT (this “Agreement”) is entered into as of February 9,
2010, between PENNICHUCK EAST UTILITY, INC., a New Hampshire corporation (the
“Company”), and CoBANK, ACB, a federaily chartered instrumentality of the United States
(“CoBank”).
BACKGROUND
-2-
Proposed Term Loan Borrowing from CoBank
PEU is a New Hampshire public utility corporation providing retail water service to approximately
8,565 customers in the New Hampshire towns of Atkinson, Barnstead, Bow, Chester, Conway,
Derry, Exeter, Hooksett, Lee, Litchfield, Londonderry, Middleton, Pelham, Plaistow, Raymond,
Sandown, Tilton, Weare and Windham. PEU is wholly-owned by Pennichuck which, in turn, is
wholly-owned by the City.
V2 PENNICHUCK:
25 WALNUT STREET
PO BOX 428
NASHUA, NH 03061-0428
(603) 682-5191
FAX (603) 913-2305
WWW .PENNICHUCK.COM
October 8, 2021
Mr. Steven A. Bolton
Corporation Counsel
City of Nashua
229 Main Street
Nashua, NH 03060
Re: Pennichuck East Utility, Inc. — Request for Approval of Term Loan with CoBank, ACB
Dear Attorney Bolton:
Steven A. Bolton
Corporation Counsel
BoltonS@nashuanh. gov
Celia K. Leonard
Deputy Corporation Counsel
LeonardC@nashuanh. gov
229 Main Street
P.O. Bex 2019
Nashua, NH 03061-2019
CITY OF NASHUA
OFFICE OF
CORPORATION COUNSEL
FIRST MEMORANDUM
Dorothy Clarke
Deputy Corporation Counsel
DoryC@nashuanh.gov
Nicole M. Clay
Attorney/RTK Coordinator
ClayN@nashuanh. gov
LEGISLATIVE YEAR 2021
RESOLUTION: R-21-181
PURPOSE: Authorizing Pennichuck Corporation and Pennichuck East
Utility, Inc. to enter into a loan with CoBank, ACB
ENDORSERS: Alderman-at-Large Lori Wilshire
Se: Pennichuck Special Water 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 loan as described in the resolution.
R-21-181
RESOLUTION
AUTHORIZING PENNICHUCK CORPORATION AND PENNICHUCK EAST
UTILITY, INC. TO ENTER INTO A LOAN WITH COBANK, ACB
CITY OF NASHUA
In the Year Two Thousand and Twenty-One
WHEREAS, the City of Nashua is the sole shareholder of Pennichuck Corporation
(“Pennichuck”’) and each of its subsidiaries:
4. Any military duty pay hours used since January 1, 2021 will be deducted from the two hundred
and forty (240) hours available to the employee for 2021.
IN WITNESS WHEREOF, this Agreement has been executed by the Parties hereto.
For the City of Nashua:
Date
For the Union:
Date
MEMORANDUM OF AGREEMENT
THE CITY OF NASHUA,
NASHUA FIREFIGHTERS’ UNION LOCAL 789
WHEREAS, the City of Nashua (“City”) is a municipal corporation organized under the laws of
the New Hampshire with an address of 229 Main Street, Nashua NH 03060.
WHEREAS, the Nashua Fire Fighters Union Local 789 (“Union”) is the exclusive bargaining
representative for all firefighters employed by the Nashua Fire Department (“Department”);
LEGISLATIVE YEAR 2021
RESOLUTION: R-21-180
PURPOSE: Approving the cost items of a sidebar (memorandum of
agreement) between the City of Nashua Board of Fire
Commissioners and the Nashua Firefighters Association
L.A.F.F. Local 789 regarding military duty pay
ENDORSER(S): Alderman-at-Large David C. Tencza
COMMITTEE Bud Revi
ASSIGNMENT: udget Review Committee
