Board Of Aldermen

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-22-035
PURPOSE: Relative to the adoption of the Fiscal Year 2023 proposed

budget for the City of Nashua general, enterprise, special
revenue, and grant funds

SPONSORIS): Mayor Jim Donchess
COMMITTEE
ASSIGNMENT: Budget Review Committee
FISCAL NOTE: The tax rate cannat be determined at this time. The entire budget 1s
a comprehensive package and each component impacts the tax
rate
ANALYSIS

City af Nashua Combined Budget Analysis to the
FY23 Proposed Budget

Combined Annual Municipal Budget Calculation (per Nashua City Charter § 56-c¢}

City of Nashua

Charter and Related Laws

§ 56-c. Limitation on budget increases 32

RESOLUTION R-22-035

R-22-035

RESOLUTION

RELATIVE TO THE ADOPTION OF THE FISCAL YEAR 2023 PROPOSED BUDGET
FOR THE CITY OF NASHUA GENERAL, ENTERPRISE, SPECIAL REVENUE AND
GRANT FUNDS

CITY OF NASHUA

fn the Year Two Thousand and Twenty-Tiwo

FY¥2023 - Base Spending Cap Calculation

Special Board of Aldermen 6-13-2022 Page 21

that we’re seeing right now in today’s economy. | think we should definitely dig deeper into grant funding for these
expenditures. Thank you.

Fred Teeboom