The Merrimack Town Council will hold two consecutive Public Hearings on Monday, September 9, 2010 at 7:00, at 6 Baboosic Lake Road, Merrimack, New Hampshire, to hear public comment on a Community Development Block Grant application proposal through the New Hampshire Community Development Finance Authority (NHCDFA). Up to $500,000 annually is available on a competitive basis for housing and public facilities, economic development and emergency activities that directly benefit low and moderate income persons. Up to $12,000 is available for feasibility study grants. The public hearings will hear public comment on:

 

1.      A proposed application to the Community Development Finance Authority for up to $500,000 in Community Development Block Grant Economic Development funds. Of the funds, $480,000 will be subgranted to Rockingham Economic Development Corp. (REDC). REDC will retain $5,000, for loan servicing expenses and loan the remaining $475,000 to Resonetic’s LLC of Nashua for the purpose of working capital. Resonetics, LLC is relocating and expanding their manufacturing facility. They expect to create a minimum of twentyfive jobs of which at least 60% will be filled by persons of low or moderate income.

 

 

For persons with special needs, provisions can be made by contacting the assistant at the Town Council’s Office via telephone (603) 424-2331 or mail, at least five days prior to the public hearing.

 

Merrimack Town Council

6 Baboosic Lake Road

Merrimack, New Hampshire 03054

(603) 424-2331

 

 

 

 

 

Posted: September 1, 2010
To Be Published: September 1, 2010 (Union Leader)