Committee approves multi-year bonding plan; splits DPW garage into separate vote

The Nashua Board of Aldermen capital planning committee voted to approve a draft multi-year bonding plan and to move it forward to the full Board of Aldermen for consideration. Director of administrative services Tim Cummings told the committee the goal was to reach consensus so the plan could be presented to the board the next night and bond resolutions could be filed for the September meeting. "So we are really starting to to cut it tight," Cummings said as he outlined the schedule and priorities.

Committee members agreed to split the vote so that items 13–26 would be voted together and item 12 — the DPW garage and fleet maintenance facility — would be considered separately. The grouped motion to approve items 13–26 passed on a voice vote; the later separate vote on the DPW garage also passed, with Alderman Kelly recorded as abstaining. Don Enright, the city CFO, summarized the plan's relationship to the committee's previously agreed guideline of issuing roughly $25,000,000 per year (with an inflation adjustment), and staff noted the presented "planned" schedule runs somewhat higher than that target.

The committee also adopted a draft guidance document intended to standardize issuance at $25 million annually with a 5% inflationary factor for modeling purposes. Cummings said staff would reconcile the numeric details after the meeting so the Board of Aldermen could see clearer inflation-adjusted figures before it votes. The adopted guidance and the split approval set the way for separate bond resolutions to be brought before the full board and for staff to finalize the exact issuance amounts and timing.