2009 Annual Report - Belknap County

around $2,000 - $3,000. Madam Chair asked if there was any public input.
Tom Tardif, Laconia: When will the current bonded debt be paid off and how
much is it?
Answer: About $7.6 million left in current bonded debt, majority which are
old bonds (the two new ones were in 2003 and 2008). The old ones are 20
years bonds and those will be paid off in the near future.
Lisa Morin, Laconia: Stated that the Conservation District built a boardwalk for
the Area.
Doug Lambert, Gilford: Questioned on the budgeting the figure for depreciation
on the RAN.
Answer: Gunstock in not a municipal model (like the county) but rather a
private model in that they expense very expensive assets over time and show
the cost through depreciation.
With no further public input Madam Chair asked if the Convention was ready for
the motion. M/Pilliod, S/Johnson “Pursuant to the authority of Chapter 399:15,
1959 NH Laws as amended, to authorize the Belknap County Treasurer to issue
notes, on the concurrence of not less than four members of the Gunstock Area
Commission, in the amount not to exceed Nine Hundred Fifty Thousand Dollars
($950,000), on such terms and conditions as shall be negotiated by the Gunstock
Area Commission. Said notes are issued in anticipation of revenues at Gunstock
Ski Area and shall have a maturity date of not later than April 1, 2010. All notes
issued pursuant to this authority shall contain an express provision that all fees,
fares, and tolls as authorized by statue shall continue to be collected until such
notes have matured. The Gunstock Area Commission shall pay the principal and
interest on said notes out of revenue collected by Gunstock Area”. The Roll Call
Vote on the Motion was as follows: Y/Arsenault, Y/Boyce, Y/Fields, Y/Flanders,
Y/Johnson, Y/Merry, Y/Miller, Y/Millham, Y/Nedeau, Y/Pilliod, Y/Reever, Y/
Russell, Y/St. Cyr, Y/Swinford, Y/Veazey, and Y/Wendelboe. Motion passes
Unanimously.
The public hearing on the RAN was closed at 7:30 PM.
Non Public session: Motion to enter into a non public session under RSA 91-A:
3 II (e) considering litigation which has been filed against the body. Roll call vote
on the motion as follows: Y/Arsenault, Y/Boyce, Y/Fields, Y/Flanders, Y/John-
104 2009 Annual Report