Meetings / May 21, 2025 / Item 115

Item 115

approved amendment

May 21, 2025

Description

Authorize to amend a loan agreement with the Tilton-Northfield Water District, Tilton, NH (originally approved by G&C on 9/21/23, Item #89), by increasing the loan amount by $5,000,000 from $8,635,458 to $13,635,458, to finance water system improvements under the provisions of RSA 486:14 and NH Code of Administrative Rules Env-Dw 1100 et seq. 87.34% Federal Funds, 12.66% General Funds. (2) Further authorize to amend an American Rescue Plan Act and a Drinking Water and Groundwater Trust Fund (DWGTF) grant to the Tilton-Northfield Water District, Tilton, NH (originally approved by G&C on 9/21/22, Item #89), by extending the DWGTF grant completion date from December 1, 2025 to January 1, 2027. Effective upon G&C approval. No additional funding is involved in this time extension. 100% Federal Funds

Amount
$13.6M
$5,000,000, $8,635,458, $13,635,458,
Funding Source
87.34% Federal Funds; 12.66% General Funds; 100% Federal Funds
Effective Dates
December 1, 2025 — January 1, 2027
Vote Record approved
Motion by Wheeler, seconded by Liot Hill acted as follows
Joseph Kenney (R) yes
Karen Liot Hill (D) yes
Janet Stevens (R) yes
John Stephen (R) yes
Dave Wheeler (R) yes

Documents (1)

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