Board Of Aldermen

R-20-028

RESOLUTION

AUTHORIZING THE CITY OF NASHUA TO ENTER INTO A MASTER
DEVELOPMENT AGREEMENT WITH LANSING MELBOURNE GROUP, LLC.

CITY OF NASHUA

In the Year Two Thousand and Twenty

RESOLVED by the Board of Aldermen of the City of Nashua that the City is authorized
to enter into a “Master Development Agreement” with Lansing Melbourne Group, LLC
regarding the sale and development of the “School Street Lot” for a housing project in
substantially the same form as the attached.

LEGISLATIVE YEAR 2020
RESOLUTION: R-20-027
PURPOSE: Relative to the transfer of $200,000 from Department 192

“Debt Service”, Account 75200 “Interest Expense” into Fund
6500 “Property and Casualty Fund”, Account 68360 “Loss

Prevention”
SPONSORS): Mayor Jim Donchess
COMMITTEE
ASSIGNMENT:
FISCAL NOTE: Reduces fiscal year 2020 surplus appropriations.
ANALYSIS

R-20-027

RESOLUTION

RELATIVE TO THE TRANSFER OF $200,000 FROM DEPARTMENT 192 “DEBT
SERVICE”, ACCOUNT 75200 “INTEREST EXPENSE” INTO FUND 6500 “PROPERTY
AND CASUALTY FUND”, ACCOUNT 68360 “LOSS PREVENTION”

CITY OF NASHUA

In the Year Two Thousand and Twenty

RESOLVED by the Board of Aldermen of the City of Nashua that $200,000 be
transferred from Department 192 “Debt Service”, Account 75200 “Interest Expense” into Fund

6500 “Property and Casualty Fund”, Account 68360 “Loss Prevention”.

COPY — FOR INFORMATION ONLY

PENNICHUDK®

PROXY CARD
PENNICHUCK CORPORATION

PROXY for Annual Meeting of Sole Shareholder - May 2, 2020

THIS PROXY IS SOLICITED ON BEHALF OF THE 0 OF DIRECTORS

Elizabeth A. Dunn
(Director Since: January 2012)

Donald L. Ware, Chief Operating Officer

Mr. Ware has been the Chief Operating Officer of Pennichuck Corporation since

existing Compensation and employee benefit plans. The Compensation and Benefits Committee
held 5 meetings in 2019,

Each Committee has adopted a written Charter which sets forth its purpose, membership,
duties and responsibilities. A copy of each Charter can be found on the Company’s website at
www.pennichuck.com, under the “Board of Directors - Meetings, Minutes and Corporate
Governance” caption.

The current members of the Board Committees are as follows:

Corporate Governance Matters

Current Board of Directors. The Pennichuck Corporation Board of Directors is divided into
three classes, each class serving for three years following their election and until their successors
have been elected and qualified.

The number of Directors is currently fixed at eleven. There is a vacancy on the Board in Class B
due to the resignation of a Board member in November 2019. The Board of Directors is
nominating H. Scott Flegal for election as a Class B director to fill the vacancy in Class B.

Corporate Structure. As part of the acquisition, the corporate structure of Pennichuck
Corporation and its utility subsidiaries was retained. Under this structure, the City is the sole
shareholder of Pennichuck Corporation. Pennichuck Corporation continues to own five
corporate subsidiaries, including three regulated public utilities (Pennichuck Water Works, Inc.,
Pennichuck East Utility, Inc., and Pittsfield Aqueduct Company, Inc.), an unregulated service
company (Pennichuck Water Service Corporation), and a former real estate holding company