Meetings / Apr 18, 2012 / Item 88

Item 88

approved amendment consent calendar late item

Apr 18, 2012

Description

Authorize an Allonge to Promissory Note and amendment of loan agreement with Pennichuck Water Works Inc., Merrimack, NH, (originally approved by G&C on 8-19-09, item #109B, in the amount of $1,300,000), to finalize the loan amount used to finance the water system improvements project. Effective upon G&C approval. 50% ARRA, 50% Drinking Water State Revolving Loan Fund Repayment Funds.

Amount
$1.3M
$1,300,000
Vendor
Pennichuck Water Works Inc.
Merrimack, NH
Funding Source
50% ARRA; 50% Drinking Water State Revolving Loan Fund Repayment Funds
Vote Record approved
Motion by Wieczorek, seconded by Burton authorized
Raymond Burton (R) yes
Daniel St. Hilaire (R) yes
Christopher Sununu (R) yes
Raymond Wieczorek (R) yes
Dave Wheeler (R) yes
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