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with the FAA and New Hampshire DOT Bureau of Aeronautics Division (“BofA”)
to upgrade the Design Only project to a full moving and reconstruction of Taxiway
“Alpha”. That taxiway relocation project has been part of the approved Airport
Improvement Plan (“AIP”) for many years and is critical to the future development
of the airport property. By moving the taxiway, more land would be available
which would allow more room for development and more efficient use of the

airport property.

In addition to high paying jobs and other economic benefits, successful
development of that parcel would add an additional tax basc to the City of
approximately $25 million. This development would provide hangar facilitics
primarily for several large corporate aircraft facilities. These aircraft are quieter
and would add only marginally to the number of aircraft movements at the airport.
These proposed facilities would not be for any scheduled airlines aircraft and

would not require any funding from the State or City.

Despite the importance of this project, the Project has been part of the approved
AIP for many years, and the NAA demonstrating the need for the taxiway
relocation, the NH DOT B of A has not yet recommended that this project go
forward, If this project docs not go forward soon, we will lose the ability to fully
develop our airport. The NAA will continue to pursuc this to its successful

conclusion.

Potential Risk

Environmental: As part of a statewide initiative, the State of New Hampshire
Department of Environmental Services (““NHDES”) have performed random
sampling of the groundwater on the airport property. As a result, and at the request
of the NHDES, NAA is conducting an Environmental Study in relation to amounts

of PFAS found by the NHDES in its samples, all of which were well below or

unrelated to any EPA, DES, or other regulatory guidelines. Preliminary findings
indicate that none of the amounts have originated on the Airport property. NAA
has hired its own environmental engineers who, along with the NHDES, are

currently assessing any potential risk or action that may be required ofithe NAA.

Key Leases: About two years ago, SNHU entered into multi-term land leases with
the NAA for its educational facility in the former Daniel webster College flight
center. As you may know, SNHU discontinued its Flight Operation Program
shortly after starting the program. Even though SNHU has continued to pay the
amounts duc under the leases, the first term expires August 2024 and there has been
no indication that SNHU will renew the remaining terms. The revenue from those
leases account for approximately 8% of our operating budget and the loss of
revenue from those leases would have a negative impact on our operating budget.

The NAA will continue to monitor this situation.

Please contact the Nashua Airport Authority or the Airport Manager for any questions or
comments you may have.

Respectfully Submitted,

NASHUA AIRPORT AUTHORITY

Dadehea>

David R. Heath, Treasurer

Exhibit A

Current Financial Position (unaudited)
ix of April 30, 2022
(S$ in thousands)

As of
April 30, 2022
Cash and cash equivalents $ 863.9
Unbilled projcct costs 895.6
Project costs payable and retainage (883.8)
Total current assets - operations BE 875.7
Equipment, Buildings. Land, and Land
Improvements 2,121.4
Accumulated depreciation (17,047.4)
Fixed assets, net k) 25.074.0
Other assets, non-current (GASB 68 and
75} 133.0
Tatal Assets, net $ 26,082.7
Liablities and Equity
Accounts payable - operations 11.9
Others payables and accruals 46.6
Total current liabilities $ 58.5
Pension, GASB 68, and GASB 75 $ 426.9
Total liabilities $ 485.4
Net Investment in Capital Assets $ =. 25.885.5
Retained Earnings (288.2)
Equity S$ _25,597,3

Total Liabilities and Equity § 26,082.7

Summary of Operating Results (unaudited)
For the Ten Months Ended April 30, 2022
($ in thousands)

Ten months ended

30-Apr-22

Operating Revenue Actual Budget

Land leases, fue) flowage, and ramp tie-

downs $ 496.5 477.9
Aircraft Registration Fees (NH) 36.4 30.0
Other operating revenue 27.6 42.1
Total Operating Revenue $ 560.5 §50.0

Operating Expenses

Payroll and related costs $ 368.1 346.8

Maintenance, Electricity, and other

operating costs 117.2 189.9
Total Operating Costs $ 485.3 §36.7
Year to date Operating Surpius $ 75.2 13.3

. Community Development §89-3095

C ity of Nashua Planning and Zoning 589-3090

. sae Building Safety 589-3080
Community Development Division Code Enforcement 589-3100
City Hall, 229 Main Street, PO Box 2019 roan Programs mission fobavee
Nashua, New Hampshire 03061-2019 Transportation 880-0100
www. nashuanh.gov FAX §89-3119

Date: June 2", 2022

To: Jim Donchess, Mayor
Board of Aldermen
Planning Board
Lori Wilshire, President, Board of Aldermen
Donna Graham, Legislative Affairs Manager
Richard A. Dowd Chair, Aldermanic Budget Review Committee

From: Matt Sullivan, Community Development Director, Capital Improvements Committee (CIC) Secretary

RE: Amendment #1 to Approved FY2023 Capital improvement Program

Mayor Donchess and Board of Aldermen Members:

The Capital Improvement Committee (CIC) unanimously recommended Amendment #1 to the FY2023
Capital lmprovement Program at its meeting of May 23%, 2022. This Amendment includes only one
modification to the approved Plan, the inclusion of West Pearl Streetscaping as a ranked project. That

project received a ranking of B-1 from the Committee.

The project proposes improvements to streetscape elements along the West Pearl Street corridor including,
but not limited to: street tree placement, lighting upgrades, ADA access, and other public realm
enhancements. Proposed improvements are complementary to, but not dependent upon, proposed future
modifications to the Walnut Street Oval and associated traffic circulation patterns.

The Planning Board, at its regularly scheduled meeting of June 2™, 2022, recommended and approved via a
vote of 6-0, the Amendment to the previously approved FY2023 CIP.

Thank you for your consideration of these critical project amendments.

x

Matt Sullivan, Community Development Division Director, CIC Secretary

cc: Tim Cummings, Director of Economic Development

West Pearl Street -

Overview
Submitted By
Request Owner
Cepartment

Type

Description

Streetscaping Project

Tim Cummings, Economic Development Director
Tim Curmmings, Economic Development Director
Economic Development

Capital Improvement

The design is 100%: complete and iz a construction project to allow for a better streetscape along West Peart Street

Details

Capital Cost Notes (if Nore
applicable)

Location

Project Location Notes West Pear! Street {From Watnut St to Main

(Assessor's Map/Lot or St}
Address Detalls)

Alignment W th Pianning for Increased Service Demand

Master Planning
Planning Goals

cic

Capital Cost

FY2023 Budget

$1,800,000

Total Budget

$1.8M

Capital Cost Breakdown

Status of Request w/ New Project Request ae

Capital Cost by Year Capital Cost for Budgeted Years

$0 $500k $1M $1.5M

@ Construction

@ Construction (100%)$1,800,001
TOTAL $1,800,000.00

Capital Cost
Construction

Total

FY2023
$1,800,000
$1,800,000

PROJECT GOALS:

1. GREENING OF THE STREET. EXPERIENCE

2. ENHANCING PEDESTRIAN AND VEHICULAR SAFETY
3. BUILDING AN ADA COMPLIANT, STREETSCAPE

4. CREATING A DESTINATION

RANKED INVESTMENT PRIORITIES:

1. PLANTING AND SOIL

2. SIDEWALK PAVEMENT

3. CURBING (NEW. AND SALVAGED)

4. POLE LIGHTS

5. ASPHALT ROADWAY AND PAVEMENT MARKINGS

6. FURNISHINGS (BENCHES AND BIKE RACKS)

7. IRRIGATION

8. GATEWAY AND DISTRICT. SIGNAGE (BANNERS ON LIGHT POLES)

GREGORY LOMBARDI DESIGN Guiding Principles
Kantian Chane Rtas West Pearl Street, Nashua -6

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GREGORY LOMBARDI DESIGN Project Area
7 ated Ae Ry See ee West Pearl Street, Nashua -7

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APPROXIMATE QUANTHIES

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ERE eT RInneD CUMTE WEST PEARL STREET SITE PLAN -EXISTING CONDITIONS g F 2

+ 1 ACCESSIBLE STALL
~.- 17 POLE LIGHTS
>‘ 3 TREES

GREGORY LOMBARDI DESIGN Existing Cond tions Plan
Kprctoraen Connn hitnadnane West Pearl Street, Nashua -10

NORTH MAX WIDTH

ed ee ST

; EASTBOUND ' NEW WIDENED
TRAVEL LANE SIDEWALK

GREGORY LOMBARDI DESIGN

Kem etnan gs a Chins be Bhantinne