| Bill Number: | R-03-173 |
| 1st Reading: | 3/25/2003 |
| Bill Name: | AUTHORIZING THE MAYOR AND THE CITY TREASURER TO ISSUE BONDS NOT TO EXCEED THE AMOUNT OF TWO MILLION FOUR HUNDRED THOUSAND DOLLARS ($2,400,000.00) BONDING FOR THE RENOVATION AND EXPANSION OF THE NASHUA SENIOR CENTER PROVIDED THAT THE CITY OBTAINS OWNERSHIP |
| Bill Status: | Approved |
| Approval Date: | 10/14/2003 |
| Voting: |
Bolton, Steven - Alderman At - Large - Yes
Britton, Frederick - Alderman At - Large - Yes Cardin, Lori - Alderman Ward 7 - Yes Cote, Scott - Alderman Ward 9 - Yes Deane, David - Alderman At - Large - Yes Dion, Robert - Alderman Ward 6 - Yes Gage, Kevin - Alderman Ward 3 - Yes Johnson, Paula - Alderman At - Large - Yes Liamos, Stephen - Alderman Ward 8 - Yes McAfee, Kevin - Alderman Ward 1 - Yes McCarthy, Brian - Alderman At - Large - Yes Nickerson, Timothy - Alderman Ward 2 - Yes Plamondon, Marc - Alderman Ward 4 - Yes Rootovich, David - Alderman At - Large - Yes Tollner, James - Alderman At - Large - Yes |
| Bill Sponsor: | Mayor Streeter |
| Co-Sponsors: |
Deane, David - Alderman At - Large
Britton, Frederick - Alderman At - Large Johnson, Paula - Alderman At - Large Bolton, Steven - Alderman At - Large Rootovich, David - Alderman At - Large Cote, Scott - Alderman Ward 9 Cardin, Lori - Alderman Ward 7 Liamos, Stephen - Alderman Ward 8 Nickerson, Timothy - Alderman Ward 2 McCarthy, Brian - Alderman At - Large |
| Bill Text: | AUTHORIZING THE MAYOR AND THE CITY TREASURER TO ISSUE BONDS NOT TO EXCEED THE AMOUNT OF TWO MILLION FOUR HUNDRED THOUSAND DOLLARS ($2,400,000.00) BONDING FOR THE RENOVATION AND EXPANSION OF THE NASHUA SENIOR CENTER PROVIDED THAT THE CITY OBTAINS OWNERSHIP
In the Year Two Thousand and Three RESOLVED by the Board of Aldermen of the City of Nashua that the Mayor of the City of Nashua and the City Treasurer of the City of Nashua are hereby authorized to issue and sell general obligation bonds of the City in an aggregate principal not to exceed two million four hundred thousand dollars ($2,400,000.00). The proceeds of said bonds shall be used for the renovation and expansion of the Nashua Senior Center located at 70 Temple Street, Nashua, New Hampshire provided that the city obtains ownership. The life span of this project will be 20 years. The Bonds shall be general obligations of the City of Nashua, payable as to principal and interest from ad valorem taxes which will be levied without limitation as to rate or amount on all taxable property within the territorial limits of the City of Nashua. The bonds shall bear the manual or facsimile signature of the City Treasurer and the Mayor. None of the said bonds shall be obligatory without the authenticating certificate signed by an authorized officer of a bank or trust company doing business in the State of New Hampshire or the Commonwealth of Massachusetts, or the Commissioner of Revenue Administration. The Bonds are to be issued in fully-registered form by means of a book-entry system or otherwise and shall have such terms and conditions and be in such form, subject to the provisions of this resolution and applicable law, as shall be determined by the Mayor and the City Treasurer. Resolved further, that the Mayor is authorized to enter into the required contracts therefore, as well as any amendments to be made thereto or any other documentation necessary for the receipt of said funds. |