Hearing planned in Nashua on Broad Street School renovations
A public hearing will be held on Thursday at 7 p.m. at Nashua City Hall to discuss the proposed renovations, which include major heating, ventilation and air-conditioning work, a new front entrance and access improvements.
“Total cost of this bond, including interest, would be approximately $12,478,460 at 4 percent. The 4 percent bond rate is conservative compared to recent bond sales,” says the proposal. “Current rates at this time are running in the 2.9-3.5 percent range. The cost reflects a level principal payment over 20 years.”
“We are considering children’s safety first,” Breen said, noting the location and layout for parent and bus drop-offs will be improved significantly.
Following the public hearing on Thursday, an aldermanic committee will review the recommendation before the full Board of Aldermen votes on the proposed bond. A two-thirds majority vote is necessary for the bond to be authorized, according to the proposal.
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