File #: 21-0017    Version: 1 Name:
Type: resolution Status: Passed
File created: 12/23/2020 In control: City Council
On agenda: 3/8/2021 Final action: 4/12/2021
Title: Resolution appropriating the sum of $4,780,000 for the Hoit Road / Whitney Road Intersection Improvement project (CIP #30), authorizing the issuance of Penacook Village TIF District supported bonds and notes in the sum of $4,240,000 for this purpose, authorizing the use of $90,750 in impact fees for this purpose, accepting $449,250 in donations for this purpose, transferring $193,456 in expenses from the General Capital Projects fund to the Penacook Village TIF District Capital fund for this purpose, rescinding the appropriation of $456,000 for the Hoit Road / Whitney Road Intersection Improvement project (CIP #30), and de-authorizing the issuance of general fund supported bonds and notes in the sum of $456,000; together with report from the Director of Redevelopment, Downtown Services & Special Projects. (March public hearing with final action at the April 12, 2021 City Council meeting in accordance with RSA 162-K.) (Public testimony submitted.) (Additional public testimony received....
Attachments: 1. Resolution, 2. Report, 3. Public Testimony, 4. Additional Public Testimony, 5. Revised Resolution

...Title

Resolution appropriating the sum of $4,780,000 for the Hoit Road / Whitney Road Intersection Improvement project (CIP #30), authorizing the issuance of Penacook Village TIF District supported bonds and notes in the sum of $4,240,000 for this purpose, authorizing the use of $90,750 in impact fees for this purpose, accepting $449,250 in donations for this purpose, transferring $193,456 in expenses from the General Capital Projects fund to the Penacook Village TIF District Capital fund for this purpose, rescinding the appropriation of $456,000 for the Hoit Road / Whitney Road Intersection Improvement project (CIP #30), and de-authorizing the issuance of general fund supported bonds and notes in the sum of $456,000; together with report from the Director of Redevelopment, Downtown Services & Special Projects. (March public hearing with final action at the April 12, 2021 City Council meeting in accordance with RSA 162-K.)  (Public testimony submitted.) (Additional public testimony received.)  (Revised resolution submitted)