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$4,500,000 00

$4,000,000 00

$3,500,000.00

$3,000,000,00

$2,500,000.00

$2,000,000.00

$1,500,000.00

$1,000,000.00

$500,000.00

$(500,000.00)

$(1,000,000.00)

Funding and Change in IBNR

$3,877, 139.00

$3,800.000.0¢ | $3,800,000,00
$3,342,035.0
$3,342,035 GO

TRANSFER FROM GENERAL FUND

g FY 2017 a FY 2018 o FY 2019

$655 100.c0
$541,352.00

$379,125.00
$84,113 00 i |
Qs i

HANGE IN IBNR

$(64C,064 00)

» FY 2020 @FY 2021

City and School Claims - Five Year Trend
|_ $393,130.48
297,772.16
FY20 Actual
ag $166,349.95
11,780.97
FY19 Actual

§216,469,36
541109.6
FY18 Actual
$293 669.36
$297,529.55
FY17 Actual

$- $200,000.00 $400,000.C0 $600,000.00 $800,000.00 $1,000,000.00 $1,200,000.00 $1,4C0.000.00 $1,60C,C00.00 $1,800,0C0 00

FY21 Actual
§1,580,442,37

$1,524,871.02

$1,692,693.65

$1,484,649.46

$1,518,205.13

MAUTOMOBILE CLAIMS WPROPERTYCLAIMS M@ GENERAL :IABILITY CLAIMS w WORKERS COMPENSATION CLAIMS =&

SPECIAL BOARD OF ALDERMEN

NOVEMBER 15, 2021

7:15 P.M. or immediately after Special Personnel/Admin. Affairs Cte. Aldermanic Chamber and via
Zoom

Join Zoom Meeting: https://us02web.zoom.us/j/8432412642 1? pwd=OVprOThFeX VBKOhJcEVKNkKSSNX Yydz09
Meeting ID: 843 2412 6421 Passcode: 122560

Join by telephone: 1-929-205-6099 Meeting ID: 843 2412 6421 Passcode: 122560

If for some reason you cannot connect to Zoom, please contact us at (603) 589-3329 and they will help
you with connectivity. The public may also view the meeting via Channel 16.

PRESIDENT LORI WILSHIRE CALLS ASSEMBLY TO ORDER
PRAYER OFFERED BY CITY CLERK SUSAN LOVERING
PLEDGE TO THE FLAG LED BY ALDERMAN THOMAS LOPEZ
ROLL CALL

COMMUNICATION

From: Kimberly Kleiner, Administrative Services Director
Re: Update on the 2022 Revaluation

DISCUSSION

e Assessing Update on the Revaluation

ADJOURNMENT

City of Nashua

Administrative Services Division
229 Main Street - Nashua, NH 03060

To: Mayor Donchess
Board of Aldermen

Date: November 10, 2021

Re: Update on the 2022 Revaluation

Attached is a brief presentation for your meeting on Monday, November 15, 2021.
City staff will provide a brief review of the process to date and resources available to residents.

Chief Assessor Rick Vincent has prepared a report on “Real Estate Trends as we Approach the 2022
City-wide Revaluation”, also attached to this communication. Mr. Vincent will be available to answer
questions regarding this report.

Staff from Vision Government Solutions, the firm performing our revaluation will be joining to
answer questions regarding the revaluation process, to date and through the remainder of the
project.

Kim
Kimberly Kleiner,
Administrative Services Director

Special Board of Aldermen —

Assessing Update on 2022 Full Revaluation

November 15,2022

2022 Full Measure & List Revaluation

The Appraisal Firm of Vision Government Solutions was hired by the City a
Nashua to begin a City-wide Revaluation Project.

In accordance with New Hampshire General Statutes, the City of Nashua is AS
conducting a Full Measure and List Appraisal and Revaluation. This project isa
3 year undertaking and will finalize in September of 2022. pk.

This process began in August 2019 when the City of Nashua undertook a i
Request for Proposal in order to solicit bids from state certified revaluation © °
aay

Process to Date

February 19, 2020 Finance Committee Approves Contract
February 28, 2020 City issues Data Collection Press Release

March 3, 2020 Special Board of Assessor's Meeting - startup meeting
for the Full Measure & List Revaluation with the NH DRA and Vision
Government Solutions

March 11, 2020 Bi-Weekly Status Reports from Vision Begin

March 16, 2020 Amendment to Contract due to COVID19 — Interior
Inspections Suspended

June 28, 2020 Quarterly Updates to the BTLA Begin

Revaluation Resources — City Website

Home » Government + City Departments A-M > Assessing Department » 2022 Full Measure & List Appraisal and Revaluation

2019-2022 Full Measure & List Appraisal and Revaluation

Project Updates & Milestones:

***Important Update***
The City of Nashua lifts suspension of Interior Inspections for the 2020-2022

Revaluation
The City of Nashua has selected Vision Government Solutions to assist with the City-wide 2020- 2022
revaluation project. Vision’s Appraisal division will be working closely with the Assessing Department to
make the process successful for the City.

The City has lifted the suspension of Interior inspections and Vision Government Solutions will send a letter
to the property owner of properties having received an exterior inspection during this period requesting that
the property owner cail to arrange for an interior inspection. Letters will be sent by Ward starting with Ward 1
in July this process will continue into early 2022.

Exterior data collection is also finalizing as data collectors are in Ward 9. Inspections for Commercial and
industrial Properties continues throughout the City.

DRA Revaluation Guidelines During COVID-19

202 16 Amendmen lical Revaluation ntr:

Revaluation Resources — City Website (cont'd)

GOV Board of Assessors Meeting 6/4/2020 (Video) Bi-Weekly Status Reports

2020-2022 Revaluation Project Update - June Perry - Vision Governmd ° Nashua NH November 03 * Nashua NH Aug 19, Status
Vi deo) Status Letter 2021 letter 2021

° Nashua NH November 3 ® Nashua NH Jan 21 status
status letter 2021 letter 2021

e 092721 status report ° Nashua NH Jan 7 status letter

e Nashua NH status letter 2021

Oper » Nashua NH Dec 31. status
Quarterly Status Reports to NH BTLA abe Sst Nashua NH Dec 31. status

e Nashua NH Sept. 09, Status letter 2020
* 20211026 City of Nashua Revaluation Staus Report to NH BTLA Letter 2021 ° Nashua NH Dec 23. status
© 20210713 City of Nashua Revaluation Status Report to NH BTLA Nashua NH Sept. 27, Status

Letter 2021 * Nashua NH Dec 9. status
© 20210406 City of Nashua Revaluation Status « Nashua NH Feb 4, Status letter 2020
. . letter 2021 ° Nashua NH Nov 30. status

¢ 20210105 City of Nashua Revaluation Status Report

° Nashua NH Feb 11, Status letter 2020

» 20200928 City of Nashua Revaluation Report letter 2021 ° Nashua NH Nov 13. status

» Nashua NH Feb 25, Status letter 2020
letter 2021 e Nashua NH October 28.

GOV Board of Assessors Meeting Videos 2021

¢ 20200628 City of Nashua Revaluation Status Report to NH BTLA

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The Revaluation Process

There are five major phases to a municipal revaluation: Data
Collection, Market Analysis, Valuation, Field Review and
Informal and Formal Appeal Hearings. During these phases
many tasks will be implemented in order to successfully
complete the revaluation.

Data Collection Market Analysis
Valuation Field Review Informal
and Formal Hearings