Aldermen, Board of

A special meeting of the Board of Aldermen was held Tuesday, May 31, 2011 at 7:00 p.m. in the Aldermanic Chamber. President Brian S. McCarthy presided; City Clerk Paul Bergeron recorded. Prayer was offered by City Clerk Paul Bergeron; Alderman-at-Large Ben Clemons led in the Pledge to the Flag. The roll call was taken with 9 members of the Board of Aldermen present; Aldermen Vitale, Tabacsko, Sheehan, Flynn, and Cookson were not in attendance. Alderman Melizzi-Golja arrived after the roll was taken Her Honor Mayor Donnalee Lozeau was also in attendance. President McCarthy This evening’s meeting is a Public Hearing on R-11-109, Authorizing the City of Nashua to Borrow an Amount not to Exceed Fifteen Million Four Hundred Ninety Two Thousand Four Hundred and Fifty-Three Dollars ($15,492,453) Through the State of New Hampshire Department of Environmental Services State Revolving Loan Fund for Expenses Related to the Storage Tank Facility, Aeration Blower Upgrade and Dewatering Equipment Replacement Projects. Alderman Deane being the Chair of the Budget Review Committee will conduct the public hearing, and I will ask the Mayor to give an explanation of the resolution. PUBLIC HEARING R-11-109 AUTHORIZING THE CITY OF NASHUA TO BORROW AN AMOUNT NOT TO EXCEED FIFTEEN MILLION FOUR HUNDRED NINETY TWO THOUSAND FOUR HUNDRED AND FIFTY-THREE DOLLARS ($15,492,453) THROUGH THE STATE OF NEW HAMPSHIRE DEPARTMENT OF ENVIRONMENTAL SERVICES STATE REVOLVING LOAN FUND FOR EXPENSES RELATED TO THE STORAGE TANK FACILITY, AERATION BLOWER UPGRADE AND DEWATERING EQUIPMENT REPLACEMENT PROJECTS Alderman-at-Large David W. Deane, Chair of the Budget Review Committee, conducted the following public hearing: As provided for in NRO 5-28, a presentation on R-11-109 was given by Mayor Donnalee Lozeau. Mayor Lozeau Thank you Mr. President. I sponsored this resolution because it is the next needed bonded amount for our projects involved with the CSO Consent Decree and the wastewater facilities. As was mentioned in the reading of the legislation, it is for the storage tank facility, which is estimated to be $5.76 million, the aeration blower upgrade at the facility for $4.16 million, and dewatering equipment replacement project for $5.57 million. The good news is that this legislation authorizes us to borrow the funds through the State Revolving Loan Fund, which has an interest rate, right now, of 2.8%, which is lower than we could likely get bonding it straight up as a municipal bonded project. We anticipate the timeline to begin about FY11 and completed, all three of those anticipated to be FY14. Spec. Bd. of Aldermen – 05/31/11 Page 2 All of you are certainly aware of the discussions that we have had through the two presentations by the staff on this project and what it means, and you are also aware, of course, that we did pass the rate increase legislation on May 24th. That is my presentation for purposes of the public hearing. Thank you. Chairman Deane Thank you Mayor. Mayor Lozeau You are welcome. Chairman Deane I will open the public hearing. Testimony in Favor – None Testimony in Opposition – None Testimony in Favor – None Testimony in Opposition - None Alderman Deane declared the public hearing closed at 7:05 p.m. ADJOURNMENT MOTION BY ALDERMAN CHASSE THAT THE MAY 31, 2011 SPECIAL MEETING OF THE BOARD OF ALDERMEN BE ADJOURNED MOTION CARRIED The meeting was declared adjourned at 7:05 p.m. Attest: Paul R. Bergeron, City Clerk