[NRO 1975, T. 4, § 1571; NRO 1987, § 2-816; amended 10-11-1983 by Ord. No. O-83-142; 2-27-1996 by Ord. No. O-96-08]
The Mayor and City Treasurer may sell any or all bonds and notes currently or hereafter authorized by the Board of Aldermen on a competitive basis and award the bonds to the bidder(s) offering the lowest net or true interest cost to the City, as determined by those officers, provided that the sale of bonds or notes on any other basis shall require the prior approval of this Committee.
[NRO 1975, T. 4, § 1572; NRO 1987, § 2-817; amended 10-11-1983 by Ord No. O-83-142; 12-11-2007 by Ord. No. O-07-146; 1-22-2019 by Ord. No. O-18-031]
A. 
All contracts and amendments to contracts, regardless of value, in which the City becomes involved or engaged shall be reviewed by the City Corporation Counsel, all contracts and amendments in excess of $25,000 shall be reviewed and approved by the Finance Committee prior to award, and all contracts and amendments in excess of $1,000,000 shall be reviewed and approved by the Finance Committee and approved by the Board of Aldermen prior to award, except for emergency situations as defined in §§ 5-90 and 5-91.
B. 
All contracts may be signed on behalf of the City by the Mayor. Contracts under $10,000 may be signed on behalf of the City by employees in the following positions:
[Added 9-24-2019 by Ord. No. O-19-053; amended 12-14-2021 by Ord. No. O-21-080]
(1) 
Public Works Division Director.
(2) 
Community Development Division Director.
(3) 
Administrative Services Division Director.
(4) 
Financial Services Division Director.
(5) 
Public Health and Community Services Division Director.
(6) 
Chief of Police.
(7) 
Fire Chief.
(8) 
Library Director.
(9) 
Economic Development Director.
(10) 
Corporation Counsel.
(11) 
City Clerk.
(12) 
Emergency Management Director.
[NRO 1975, T. 4, § 1573; NRO 1987, § 2-818; amended 10-11-1983 by Ord. No. O-83-142]
Notwithstanding any other provisions of the Nashua ordinances to the contrary, no department of the City or person or firm performing work under contract to the City shall be liable for building permit fees, sewer permit fees or any other like charges imposed thereunder by reason of the performance of such work.
[NRO 1975, T. 4, § 1574; NRO 1987, § 2-819; amended 7-18-1977 by Ord. No. O-77-161; 10-11-1983 by Ord. No. O-83-142]
All bonds, insurance certificates and other evidence of insurance required by ordinance, contract or other law or vote of the City or any of its constituent bodies shall be countersigned by a resident insurance agent in the state.
[NRO 1975, T. 4, § 1575; NRO 1987, § 2-820; amended 3-14-1979 by Ord. No. O-79-168; 10-11-1983 by Ord. No. O-83-142]
At the close of the full fiscal year next following the date of occupancy and/or acceptance by the City of any project funded by bond proceeds, the funds then remaining in the project bond account shall be escrowed for specific uncompleted capital items related to the subject project, transferred to another open capital project account, or applied to the bond issue used to provide the project proceeds, all in accordance with applicable state law.