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Mashua Board of Aidermen granting approval of fees paid in 2007 being applied to all
permits requested to be re-issued for 8-45 Bennett Street in Nashua.

i have reviewed ihe stay tims dedicated to this project for olan and Gocurnents reviews and
inspections perforrned and feel that no adjustment to ilie fee arncuris to be applied are
riecessary. All work performed to date by cur office will mot be repeated as the applicable
codes tia review arid inspections were conducted reriain valid.

Therefore, | respecifully requesi that the Nashua Board of Aldennen grant the request of
Bennsii — Prescott, LLC io apply ali fees paid ir: 2007 in the amount of 26,476.50 to all re-
issued permits for 6-45 Bennett Street in Nashua.

Respecttuily,

William A. ivcinney
Buiiding Official/Manager
Deparimeni of Building Safety

Bennett — Prescoti, LLC
1479 Arnherst Street
Mashua, NH 03064

December 7, 2016

Mir. William McKinney
Building Oificial/Manager
Department of Building Safety
City of Nashua

Nashua, NH 03061

RE: Prescott Square Buiidings A- B-¢

Dear Mr. McKinney,

Please find this as our formal request for consideration of reassignment of prepaid fees for
permits issued related to Buildings A — B — C at Prescott Square Condominium in accordance with the
City of Nashua Revised Ordinances Chapter 105: Building Construction, Article Vi: Fees, Section 105-21
Permits and fees. B.

In October of 2007, Building Permits were issued for Buildings A— B - C to Benneti-Prescott, LLC
for the construction of 3 - 8 unit buiidings. Also in Gctober of 2007, Plumbing and Mechanical Permits
were issued for the same Buildings A-— 6B —C. In June of 2008, Electrical Permits were also issued for
Buildings A-B—C.

As most in thie industry end beyond know, tie financial collapse nationwide that took place in
the fall of 2008 crippled the Real Estate worid and especially condominium projects. The result of those
conditions was that we were greatly impacted at this project in that we were forced to rent ten
compieted units and halt active construction on these 3 - 8 unit buildings. For the past 8 % years, we
maintained the project to the extent thai even irrigated lawns around these foundations were fertilized
and mowed and all related paved areas were kepi free of snow during winter months. We have
maintained annual property tax paymenis of $20,000+ per year, $16,000 of witich is allocated for the
improvements related to the subject 3 — 8 unit building foundations and utilities.

The point to this history is to nelp frame the base for this requesi, that for reasons beyond our
control we were forced to suspend the completion of the project until such time as construction
financing for condominium projects such as this became available and stable. We intend to begin
construciion the first of january, 2017 and build all three buildings throughout the 2017 and early 2018
construction season.

We fully uncersiand thet your staff spent time reviewing applications, plans and provided
administrative support, not to mention several field inspections. We would ask that you consider the

costs of those services provided and request that you allocate the balance of what we paid in 2007 as

represenied below end apply it toward the cosis of i

ei

ermitting the project.

Address | Date Bidg Elec Plumb tech Schoci Toial
Issued Permit . Permit Permit Permit | lmpact Fee
Fee Fee Fee Fee
5-22 40/1/2007 | $1,820.00 | $733.50 $613.00 | $261.00 ; $5,378.00 | $3,805.5C
denneii
Si. “C”
45-29 10/1/2007 | $1,820.00 | $733.56 $613.00 | $261.00 | $,5378.00 | $8,805.50
Bennet
Si. “A”
51-45 10/1/2007 | $1,820.00 | $733.50 $613.00 | $261.00 | $5,378.00 | $8,805.50
Sennett
St. “3”
Total $5,460.00 | $2,200.50 | $1,839.00 | $785.00 | $16,134.00 | $26,416.50

Thank you for your consideration,

if op oS Pe
Kevin Slattezy, ivianager
Benneit-Prescott, LLC

Rep. Paul Henle
11-2 Cabernet Drive
Concord, NH 03303

www.nohtaxshift.com
603 986-9620

December 20, 2016

Alderman Brian McCarthy
P.O. Box 2019
Nashua, NH 03061

Dear Alderman McCarthy:

Businesses in our state and in Nashua are struggling. We must do everything we can to make
New Hampshire business friendly again. At the same time, property owners are struggling to pay
their property taxes. We must do everything we can for them.

That is why I am sharing with you a bill I am filing in this session of the Legislatute.

The NH Tax Shift Plan is a fiscally responsible, balanced tax reform plan that will lower
business and property taxes. It does not change the amount of money the state raises. It changes
how that money is raised.

The NH Tax Shift Plan is the culmination of two years of consultations, meetings, and
discussions with business leaders, industry groups, lobbyists, civic leaders and legislators. It repeals
the Business Enterprise Tax, lowers the rate on the Business Profits Tax to 4% from 8.2%, and
repeals the Statewide Property Tax and two other taxes.

The revenue lost would be replaced by a flat 3.95% tax on personal income.

The benefits for Nashua would be significant and immediate. The repeal of the Statewide
Property Tax would mean a reduction in property taxes equal to $2.54 per thousand. In addition, the
NH Tax Shift Plan would reinstate the state’s 35% contribution to your retirement costs.

These property tax reductions would mean more money for your citizens, which they would
spend in local businesses and thus add to your local economy.

Repealing the Business Enterprise Tax and reducing the rate of the Business Profits Tax by

more than half would be a boost to Nashua businesses. The less money they must give to the state
equals more money they can invest in their businesses. [his would translate directly into more jobs

in the Nashua area.

The NH Tax Shift Plan incorporates the Earned Income Tax Credit. This is one of the most
successful programs for fighting poverty ever enacted. It would give tax credits to working families

who are at or below the poverty level. Even if they owe no income tax, they would receive money
from the state. This again is money that would feed directly into the local economy.

Please look at the enclosed information. There are two documents that give a summary of
the Plan, plus a tax table showing income tax amounts, and a table showing estimates of what the
payments would be for the Earned Income Tax Credit.

I would like to be on the agenda for a Board of Aldermen meeting and speak about the NH
Tax Shift Plan and discuss the possibility of the City supporting it.

Rep. Paul Henle
Concord Ward Two
Ways and Means

Rep. Paul Henle
11-2 Cabernet Drive
Concord, NH 03303

nhrep@paulhenle.com
603 986-9620

NH Tax Shift Plan

(amounts based on 2017 estimates)

A personal income tax with a rate of 3.95%.
Start with Adjusted Gross Income (AGJ) from Federal Form 1040.
Deduct Standard Deductions (same as for Federal Income Tax):
© $6,200 for single filers
Oo $12,400 for joint filers
© $9,100 for head of household filers
Deduct $3,800 for each exemption (same as for Federal Income Tax)
Make adjustments for income earned out of state.
This raises $1.222 billion.
$30 million goes to administer the tax.

$363 million goes to the Education Trust Fund (ETF) to replace money raised
through the Statewide Education Property Tax. (SWEPT)
o The SWEPT will be repealed.

$41 million goes to the ETF to replace money raised by the Utility Property Tax.
© The Utility Property Tax will be repealed.

$89 million goes to the General Fund to replace money taised by the Interest &
Dividends Tax (I & D).

o TheI & D will be repealed.
$178 million goes to the ETF & $89 million goes to the General Fund to replace
money taised through the Business Enterprise Tax (BET).

© The BET wiil be repeaied
$71 million goes to the ETF & $142 million goes to the General Fund to replace
money raised through the Business Profits Tax (BPT).

o The BPT will be lowered to 4% from 8.5%
$47 million goes to the Earned Income Tax Credit.

$150 million goes to Municipalities as a 35% contribution to their retirement costs.

$21 million goes to the General Fund.

How Funds from the NH Tax Shift Plan will be used

- Based on 2017 Estimates

General Fund \ rr ($30M)
Retirement Contribution Repeal Interest &

($150M) Dividends Tax $89M)
Earned Income ye
Credit ($47M)

Repeal Statewide
" Property Tax ($363M)

Repeal Business
Enterprise Tax ($268M)

Repeal Utility Property
Tax ($41M)
Lower Business Profits
Tax to 4% ($213M)

NH Tax Shift Plan
Earned Income Tax Credit Payments
(for estimating purposes only)

Number of Children

AGI 0 l 4 | 2 | 3ormore
82,000 | Sr S207 $24 8273
aoo | an ee
$6000 | $138 $015 grasses
$8000 | Sis se10_——sees——_soss
$10,000 | isi stioos_—_$1903_§1'3es
$12,000 | sis1_s1.008_siaas__ tees
14000 | sisi $1008 _—Stiese__gt.ers
$16,000 553 St 008 31 664 1573
$18,000 oy a 08 a ‘564 7 873
$20,000 $9 51 008 51 664 31873
$22,000 e 51 008 ; 64 ; } 873
sam [eae let
soa | Sue ee aie
some [ate
som | Sar ets
sso | $9 SME $78 $808,
$34,000 | gen gg
$36.00 | $s gat
s3e.00 | $0 S88 $405 S84
$40,000 eo 009 a09 3037
$42,000 eo $136 e503 710
$44,000 eo - 5376 cad
sas.o00 | $2 $080 S108
$48,000 eo a0 5193 331
$50,000 eo eo 20 5205

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NH Tax Shift Plan - Income Tax Table

Number of Exemptions

AGI 1 2 3 4 5 6 7 8 9 10
$150 $0 $0 $0 $0 $0 $0 $0 $0 $0
$15,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$36 $0 $0 $0 $0 $0 $0 $0 $0 $0
$348 $150 $0 $0 $0 $0 $0 $0 $0 $0
$20,000 $103 $0 $0 $0 $0 $0 $0 $0 $0 $0
$233 $36 $0 $0 $0 $0 $0 $0 $0 $0
$545 $348 $150 $0 $0 $0 $0 $0 $0 $0
$25,000 $300 $103 $0 $0 $0 $0 $0 $0 $0 $0
$431 $233 $36 $0 $0 $0 $0 $0 $0 $0
$743 $628 $472 $316 $160 $4 $0 $0 $0 $0
$30,000 $498 $300 $103 $0 $0 $0 $0 $0 $0 $0
$628 $431 $233 $36 $0 $0 $0 $0 $0 $0
$940 $743 $545 $348 $150 $0 $0 $0 $0 $0
$35,000 $695 $498 $300 $103 $0 $0 30 $0 $0 $0
$826 9628 $431 $233 $36 $0 $0 $0 $0 $0
$1,138 $940 $743 $545 $348 $150 $0 $0 $0 $0
$40,000 $893 $695 $498 $300 $103 $0 $0 $0 $0 $0
$1,023 $826 $628 $431 $233 $36 $0 $0 $0 $0
$1,335 $1,138 $940 $743 $545 $348 $150 $0 $0 $0
$45,000 $1,090 $893 $695 $498 $300 $103 $0 $0 $0 $0
$1,221 $1,023 $826 $628 $431 $233 $36 $0 $0 $0
$1,533 $1,335 $1,138 $940 $743 $545 $348 $150 $0 $0
$50,000 $1,288 $1,090 $893 $695 $498 $300 $103 $0 $0 $0
$1,418 $1,221 $1,023 $826 $628 $431 $233 $36 $0 $0
$1,730 $1,533 $1,335 $1,138 $940 $743 $545 $348 $150 $0
$55,000 $1,485 $1,288 $1,090 $893 $695 $498 $300 $103 $0 $0
$1,616 $1,418 $1,221 $1,023 $826 $628 $431 $233 $36 $0
$1,928 $1,730 $1,533 $1,335 $1,138 $940 $743 $545 $348 $150
$60,000 $1,683 $1,485 $1,288 $1,090 $893 $695 $498 $300 $103 $0
$1,813 $1,616 $1,418 $1,221 $1,023 $826 $628 $431 $233 $36
$2,125 $1,928 $1,730 $1,533 $1,335 $1,138 $940 $743 $545 $348
$65,000 $1,880 $1,683 $1,485 $1,288 $1,090 $893 $695 $498 $300 $103
$2,011 $1,813 $1,616 $1,418 $1,221 $1,023 $826 $628 $431 $233
$2,323 $2,125 $1,928 $1,730 $1,533 $1,335 $1,138 $940 $743 $545
$70,000 $2,078 $1,880 $1,683 $1,485 $1,288 $1,090 $893 $695 $498 $300
$2,208 $2,011 $1,813 $1,616 $1,418 $1,221 $1,023 $826 $628 $431
$2,520 $2,323 $2,125 $1,928 $1,730 $1,533 $1,335 $1,138 $940 $743
$75,000 $2,275 $2,078 $1,880 $1,683 $1,485 $1,288 $1,090 $893 $695 $498
$2,406 $2,208 $2,011 $1,813 $1,616 $1,418 $1,221 $1,023 $826 $628
$2,718 $2,520 $2,323 $2,125 $1,928 $1,730 $1,533 $1,335 $1,138 $940
$80,000 $2,473 $2,275 $2,078 $1,880 $1,683 $1,485 $1,288 $1,090 $893 $695
$2,603 $2,406 $2,208 $2,011 $1,813 $1,616 $1,418 $1,221 $1,023 $826

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NH Tax Shift Plan - Income Tax Table

Number of Exemptions

AGI 1 2 3 4 5 6 7 8 9 10
$2,915 $2,718 $2,520 $2,323 $2,125 $1,928 $1,730 $1,533 $1,335 $1,138
$85,000 $2,670 $2,473 $2,275 $2,078 $1,880 $1,683 $1,485 $1,288 $1,090 $893
$2,801 $2,603 $2,406 $2,208 $2,011 $1,813 $1,616 $1,418 $1,221 $1,023
$3,113 $2,915 $2,718 $2,520 $2,323 $2,125 $1,928 $1,730 $1,533 $1,335
$90,000 $2,868 $2,670 $2,473 $2,275 $2,078 $1,880 $1,683 $1,485 $1,288 $1,090
$2,998 $2,801 $2,603 $2,406 $2,208 $2,011 $1,813 $1,616 $1,418 $1,221
$3,310 $3,113 $2,915 $2,718 $2,520 $2,323 $2,125 $1,928 $1,730 $1,533
$95,000 $3,065 $2,868 $2,670 $2,473 $2,275 $2,078 $1,880 $1,683 $1,485 $1,288
$3,196 $2,998 $2,801 $2,603 $2,406 $2,208 $2,011 $1,813 $1,616 $1,418
$3,508 $3,310 $3,113 $2,915 $2,718 $2,520 $2,323 $2,125 $1,928 $1,730
$100,000 $3,263 $3,065 $2,868 $2,670 $2,473 $2,275 $2,078 $1,880 $1,683 $1,485
$3,393 $3,196 $2,998 $2,801 $2,603 $2,406 $2,208 $2,011 $1,813 $1,616
$3,705 $3,508 $3,310 $3,113 $2,915 $2,718 $2,520 $2,323 $2,125 $1,928
$105,000 $3,460 $3,263 $3,065 $2,868 $2,670 $2,473 $2,275 $2,078 $1,880 $1,683
$3,591 $3,393 $3,196 $2,998 $2,801 $2,603 $2,406 $2,208 $2,011 $1,813
$3,903 $3,705 $3,508 $3,310 $3,113 $2,915 $2,718 $2,520 $2,323 $2,125
$110,000 $3,658 $3,460 $3,263 $3,065 $2,868 $2,670 $2,473 $2,275 $2,078 $1,880
$3,788 $3,591 $3,393 $3,196 $2,998 $2,801 $2,603 $2,406 $2,208 $2,011
$4,100 $3,903 $3,705 $3,508 $3,310 $3,113 $2,915 $2,718 $2,520 $2,323
$115,000 $3,855 $3,658 $3,460 $3,263 $3,065 $2,868 $2,670 $2,473 $2,275 $2,078
$3,986 $3,788 $3,591 $3,393 $3,196 $2,998 $2,801 $2,603 $2,406 $2,208
$4,298 $4,100 $3,903 $3,705 $3,508 $3,310 $3,113 $2,915 $2,718 $2,520
$120,000 $4,053 $3,855 $3,658 $3,460 $3,263 $3,065 $2,868 $2,670 $2,473 $2,275
$4,183 $3,986 $3,788 $3,591 $3,393 $3,196 $2,998 $2,801 $2,603 $2,406
$4,495 $4,298 $4,100 $3,903 $3,705 $3,508 $3,310 $3,113 $2,915 $2,718
$125,000 $4,250 $4,053 $3,855 $3,658 $3,460 $3,263 $3,065 $2,868 $2,670 $2,473
$4,381 $4,183 $3,986 $3,788 $3,591 $3,393 $3,196 $2,998 $2,801 $2,603
$4,693 $4,495 $4,298 $4,100 $3,903 $3,705 $3,508 $3,310 $3,113 $2,915
$130,000 $4,448 $4,250 $4,053 $3,855 $3,658 $3,460 $3,263 $3,065 $2,868 $2,670
$4,578 $4,381 $4,183 $3,986 $3,788 $3,591 $3,393 $3,196 $2,998 $2,801
$4,890 $4,693 $4,495 $4,298 $4,100 $3,903 $3,705 $3,508 $3,310 $3,113
$135,000 $4,645 $4,448 $4,250 $4,053 $3,855 $3,658 $3,460 $3,263 $3,065 $2,868
$4,776 $4,578 $4,381 $4,183 $3,986 $3,788 $3,591 $3,393 $3,196 $2,998
$5,088 $4,890 $4,693 $4,495 $4,298 $4,100 $3,903 $3,705 $3,508 $3,310
$140,000 $4,843 $4,645 $4,448 $4,250 $4,053 $3,855 $3,658 $3,460 $3,263 $3,065
$4,973 $4,776 $4,578 $4,381 $4,183 $3,986 $3,788 $3,591 $3,393 $3,196
$5,285 $5,088 $4,890 $4,693 $4,495 $4,298 $4,100 $3,903 $3,705 $3,508
$145,000 $5,040 $4,843 $4,645 $4,448 $4,250 $4,053 $3,855 $3,658 $3,460 $3,263
$5,171 $4,973 $4,776 $4,578 $4,381 $4,183 $3,986 $3,788 $3,591 $3,393
$5,483 $5,285 $5,088 $4,890 $4,693 $4,495 $4,298 $4,100 $3,903 $3,705
$150,000 $5,238 $5,040 $4,843 $4,645 $4,448 $4,250 $4,053 $3,855 $3,658 $3,460
$5,368 $5,171 $4,973 $4,776 $4,578 $4,381 $4,183 $3,986 $3,788 $3,591

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