Item 51
approved amendment late itemOct 17, 2012
Description
Authorize an Allonge to Note and amendment to loan agreement with Olde Towne Homeowners Cooperative Inc., Allenstown, NH, which finalizes the loan amount used to finance the water system improvements project, by reducing the original amount of $394,600 by $1,129.58 for a final amount of $393,470.42. 50% ARRA, 50% Drinking Water State Revolving Loan Fund (DWSRF) Repayment Funds. #52 Authorize a Supplemental Loan agreement with the Town of Hooksett (originally approved by G&C on 7- 15-09, late item B), which finalizes and lowers the Original Loan agreement by $11,435.42 from $6,224,375 to $6,212,939.58. Effective upon G&C approval. 41.5% Clean Water State Revolving Fund, 8.5% Capital (General) Funds, 50% Federal ARRA Funds.
Amount
$6.2M
$394,600, $1,129.58, $393,470.42, $11,435.42, $6,224,375, $6,212,939.58
Department
DEPARTMENT OF ENVIRONMENTAL SERVICES
Funding Source
50% ARRA; 50% Drinking Water State Revolving Loan Fund (DWSRF) Repayment Funds; 41.5% Clean Water State Revolving Fund; 8.5% Capital (General) Funds; 50% Federal ARRA Funds
Vote Record
approved
Raymond Burton
(R)
yes
Daniel St. Hilaire
(R)
yes
Christopher Sununu
(R)
yes
Raymond Wieczorek
(R)
yes
Dave Wheeler
(R)
yes