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Board Of Aldermen - Minutes - 12/7/2021 - P26

By dnadmin on Mon, 11/07/2022 - 07:12
Document Date
Tue, 12/07/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 12/07/2021 - 00:00
Page Number
26
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__120720…

Special Board of Aldermen 12-07-2021 Page 26

their thoughts, and we tried to capture those sentiments in this document and essentially what we're here today to do
is to implement that vision.

But before | go down that path, | want to just take a moment and say that this has been a long term plan that | have
heard about that the city has endeavored to do. In fact when | interviewed for this position, Brian McCarthy and |,
during my interview, spent a long time talking about mill cities and how mill cities really needed to use their riverfront
as a value proposition, as a natural asset that these middle cities had that could be used as part of a revitalization
strategy to redevelop their downtown. And it was, you know, in those types of conversations that started way back in
2016 that helped, you know, Director Marchant and | develop the plan that is, again, what we're using as our guide
post. And so what does this plan ultimately capture? It talks about multimodal connectivity, access to the river,
recreation, green space, environmental stewardship, environmental floodplain resiliency, environmental stewardship,
and economic development.

So after the plan was developed, we started with design and we put together a project team. We have VHB,
Halverson Design, Hayner Swanson, HL Turner, Fitz Myer Tauchi, and actually tomorrow we'll be interviewing
construction managers and hopefully a selection will be made sometime in the month of December and a contract
sometime in January so we can continue on with our timeline. But Halverson Design has been with us from the
beginning. They actually were the landscape architect that led the planning initiative back in 2016/ 2017.

So the project area. So the plan talked about four different quadrants. We're really focusing on quadrants two and
three of the plan and it's basically the parkway with the Veterans Memorial Parkway formerly known as the Broad
Street Parkway all the way to BAE. If you can see my cursor here, it's really what we refer to as the pedestrian pan-
am bridge.

So Resolution 21-193 before you tonight is a resolution seeking bond authorization for $21 million to implement the
Riverfront plan as described and to be considered a TIF project. The project before you would be utilizing TIF funds
generated through the TIF program and only TIF dollars will be used for this project. So | just want to make that
abundantly clear because | think there might have been some confusion about that.

So one thing | do want to talk about is the focus and the priority. So the focus and the priority will be the west side of
the river from Main Street Bridge to the parkway bridge. Due to the construction climate that we're in, currently I'm not
inclined to commit the entire project as presented but we'll take a phased approach and whatever available budget we
have and in consultation with the construction manager will focus on doing projects on the east side of the river. I'll
talk a little bit more about that. So we're looking at a $21 million project. We have about soft costs of $4.5 million.
Hard construction target of $15 million. We have a contingency of $1.5 million, which is the $21 million. The project
that we have conceptualized that I'm about to go through is above this $21 million figure. We will do the best we can
to get as much for the community as it can within the budget that we're allotted. The construction climate that we
have right now has been very challenging to say the least. | sent a communication to this body a few weeks ago
pointing out that construction prices are going up and it's very hard to forecast right now. So | would recommend
taking a little bit more of a conservative approach and then once we understand where we actually have available
budget, we look to add on some of the projects that I'll be talking about.

So here's the list of the projects that was identified in the plan. As you can see, a Pine Street extension crossing of
about $40,000; Factory Street extension improvements, which is $862,000; Parc de Renaissance a $4 million project;
Water Street improvements at $310,000; 4 Water Street $1.76 million; Bicentennial Park improvements at $583,000;
Riverside BBQ at $1.7 million; shared use path in between at $125,000; substation screening at $180,000; boardwalk
and dock $1.37 million; existing shared path improvements $230,000; Cotton Mill ADA ramp $576,000. That is one of
the projects that | believe our city engineer Mr. Hudson had mentioned that earlier that | would be talking about.
That’s a project that we need to prioritize to ensure that we get it done. A pathway around BAE is $600,000; construct
shared path at 60 Main Street, which is $530,000; widen the existing ramp that's their $130,000; boardwalk around 60
Main Street $1.3 million; lighting at $700,000, and then a pedestrian bridge. So one of the things that we discovered
as we Started design originally, we wanted to rehabilitate the pan am pedestrian crossing that's currently in existence.
So we were thinking we would use the existing bridge that's there. As we studied that initiative over the last couple of
years, it became apparent that the life of that is too far gone and it would be wiser and more efficient for us over a
lifespan of the project to actually for us to put a brand new pedestrian bridge in so we're providing for that at $1.7
million.

So I'm just going to quickly just go back here because | think | skipped over timeline and | want to make sure | catch
that. So | put a quick timeline in that kind of shows the master planning effort that took place in 2016 through 2017.
Then we as a community decided if we wanted to pursue this initiative, we really needed to adopt a TIF. So that's

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Board Of Aldermen - Minutes - 12/7/2021 - P26

Board Of Aldermen - Minutes - 12/7/2021 - P27

By dnadmin on Mon, 11/07/2022 - 07:12
Document Date
Tue, 12/07/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 12/07/2021 - 00:00
Page Number
27
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__120720…

Special Board of Aldermen 12-07-2021 Page 27

what we did in 2018/2019 very early on. Nothing that we're talking about here today is new. We've been discussing
this for quite a while.

And then preliminary design, we've been doing preliminary design for about two years now. One of the reasons why
is because we had to go through a lot of federal permitting process to be able to work within the waterway. That was
a year, year and a half on its own. So moving forward, hopefully we get bond authorization in 2021. We will continue
with design which should be about six months’ worth of work in 22. We would look to start construction and 22 and
final design is modeled for somewhere in 24 - 25. So this is a long-term project. We won't see this project concluded
until somewhere around 2025 maybe a little earlier but that really depends on how our construction manager develops
their schedule.

So going back to what | was just talking about here. What I'm highlighting is red is what | would be recommending we
commit to and that's, you know, just about $12 million in cost. So that is the $40,000 crosswalk on Pine Street
Extension, doing the improvements around and behind Clock Tower at just under $900,000, doing the Parc de
Renaissance which has been the gem that everyone has been discussing up to up till now which is a big part of the
initiative at about $4 million. Water Street improvements at $310,000; boardwalk around 4 Water Street at $1.76
million; Bicentennial Park improvements at just under $600,000; boardwalk around Riverside Barbecue at $1.7 million.
And again, | just want to remind everyone the City of Nashua embraced this idea of doing these cantilevered
boardwalks back in the early 2000s. And in fact, this initiative of trying to connect the riverfront through these
boardwalks started with Peddlers Daughter that is currently in existence. And so this is just a continuation of that
vision that started back in | would say 15 or 20 or so years ago. A little less than 20 years because | know a bond was
issued on that for about $8 million and | don't believe that's due to expire until 2024 or there abouts. So then with that
being said, we would be continuing on with the shared use park at $125,000; substation screening at $180,000;
boardwalk and the dock around Parc de la Renaissance at $1.37 million; existing shared path improvements at
$200,000; and again, that Cotton Mill ADA ramp at just under $600,000.

Then once we see how we're standing - so everything that I'm presenting before you right now in red, we have a
healthy contingency built into that as well as we have a separate contingency at $1.5 million. But as | said, I'm very
conservative in my approach here. Once we actually start the project, find more design done, we will have a better
understanding as to where we would have available budget, and where we do have available budget, I'd be
recommending we continue on with the yellow which is basically the east side of Main Street, particularly prioritizing
the pedestrian bridge at $1.7 million and then looking to do the other improvements.

So I'm just going to quickly walk around here so people can see what I'm talking about. Starting here is Riverside
BBQ. We'd be putting a boardwalk in and along through here and we've got a connection right to here. This would be
the shared use path and we'd have another boardwalk that would go in front of the substation. We'd be looking to
screen the substation. We have an existing path right here, but we'd be looking to make some improvements,
particularly adding lighting. This whole project contemplates the addition of lighting throughout the whole area to
improve upon it. And we have the ADA ramp that was discussed right in through here. Here’s the Cotton Mill transfer
bridge. Here’s the crossing that we're talking about here. Making improvements in and along Factory Street, behind
Clock Tower - this alleyway here making the major improvements along Parc de la Renaissance; making
improvements with yet again another boardwalk behind the Water Street building connecting on up to Bicentennial.

So I'll walk through some images to kind of show you what's been designing this far. So this would be Bicentennial.
One of the reasons why we're looking to do this is because technically right now Bicentennial Park is not ADA
compliant. Again, another issue that our City Engineer was representing that | would talk about. We would look to be
making this ADA compliant. How are we going to do that? Well right here folks may not realize that there's a
significant grade difference from when you're at Main Street as compared to when you get down to the bottom of the
green space. And technically right now all you can do is go straight down. Basically how my cursor is traversing the
screen. We would be adding in a new pathway around which, again, is meeting grade compliance but for ADA and
particularly people with mobility issues. So then we have the boardwalk around Water Street — 4 Water Street here.
So very similar. Everything here has been modeled after what was done over at Peddlers Daughter. Looking to do
the same thing. Here's kind of an image of what Parc de la Renaissance would look like if you were coming in off of 4
Water Street. Here's the idea of the connectivity down to the floating dock. You're coming in off of 4 Water Street or
Park de la Renaissance. Here’s the new image of what Parc de la Renaissance would look like from this view. Here's
what it would look like from the other side. Again, currently a lot of this is parking in through here. So it would be
removing a lot of that parking. We'd be looking to introduce it up here onto Water Street - basically create this green
space that people would be able to use as passive recreation. And also the thought process is this right here could be
used as a nice little area and you could do some informal type of performances right here. It kind of acts as like an
amphitheater of sorts. Here’s another view of what that would look like just to kind of show folks what we're talking
about.

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Board Of Aldermen - Minutes - 12/7/2021 - P27

Board Of Aldermen - Minutes - 12/7/2021 - P28

By dnadmin on Mon, 11/07/2022 - 07:12
Document Date
Tue, 12/07/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 12/07/2021 - 00:00
Page Number
28
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__120720…

Special Board of Aldermen 12-07-2021 Page 28

So Water Street reconfiguration. Again goes part and parcel with doing this Parc de la Renaissance Project. We
would be looking to introduce one way flow along Main Street here. We would not lose any parking down here, which
currently is where it exists. We would actually be looking to add it in on street. What does happen is Water Street
would no longer be two way, it would only be one way from Main Street to Factory Street. Then when you get to
Factory Street, you could make a left or a right. We're also talking about an addition of parking on to Factory Street
right here with parking that actually we tested this summer to see how it would do. Then ultimately if you wanted to go
north on Main Street, we would be looking to go left and you'd be able to go left down Factory Street and on to Main
Street. Now what folks may be asking themselves is without being able to make a left here and a left here is that
going to cause any type of impact? So | will tell you right now, you will be losing the ability to make a left out here
onto Main Street, but you'd be pushing it all onto Factory Street. We believe it can be accommodated but without
question, there will be some folks who won't like the queuing that will occur. We don't believe it will queue past here
and it would be actually a more efficient use of the space. But nonetheless, there is that convenience right now
having this be two way. | fully recognize that but we're not going to be able to accommodate everything. If we've
been designing this under the direction that folks going to keep the parking and that's exactly what we're doing. If we
were to remove this parking, you would be able to have that two way flow. But that's not the recommendation at this
time.

So here's just another look at what Parc de la Renaissance looks like at an aerial view of how it would be transformed.
Here's a closer look at the dock. So how the dock would work if you would be coming in off of the new boardwalk
here and there'd be basically a switchback right here. It'd be a landing on terra firma here. Some sort of land plank
out, and then the dock down, and the idea would be for it to be accessible for kayaks and what not.

So here's the improvements that we're talking about. What we refer to as the Factory Street improvements. This is
behind Clock Tower. Here’s the existing condition that's out here. What we'd be looking to do is add in some curving
on either side. We'd be adding in some bollards. We'd be screening. We'd be basically trying to make this more of a
pedestrian realm. We'll be adding lighting. So trying to create a more comfortable type of environment so people will
use this. And again, the idea would be to connect people walking from Mine Falls to the downtown through this type
of multimodal accommodation.

Here's a view of what the boardwalk would look like off of Riverside BBQ. Again, mirroring very similar to what was
done outside Peddlers Daughter and then continuing on and connecting up on to terra firma and the existing path
that's out there right now. So that's essentially what this project would be and then what I'm about to talk to you guys
about is what | would like to endeavor us to continue on doing when we have a better sense of the budget and to stay
within the budget of the $21 million, which first and foremost we would be just to orientate people here. Here's the
Jackson Falls Condominiums. Here's the Peddler’s Daughter. We would be starting right in about here with a new
path and in and around BAE where people would be able to walk. Then here is the new pedestrian bridge that we
were talking about adding in. We would essentially be looking to decommission. Now, this is not owned by the city.
The city has a lease on this. This is owned by Pan-AM. Pan-AM would still use it for its freight rail but we would just
be discouraging any type of walking across this bridge and we would be encouraging people to use this bridge
creating a better experience along here by paving it. There is an existing path right now. But it's rather basic or non-
paved. | will need to be enhanced. Then we'd be looking to make another improvement here by widening the ramp,
connecting it up because there's a big grade change. Here’s the dam. So if you recall, so here is the grade change
here to here. And then we would do another boardwalk around 60 Main Street, which is the Telegraph building. So
here's the widening of the ADA ramp that we were talking about that's currently narrow. Here's what would be the
new path that we'd be looking to create by BAE. That, again, would connect give full connectivity. So the new
pedestrian bridge concepts that we'd be looking to implement — here’s just a kind of give you an idea of what we
would be doing. And here's what it would look like actually installed.

So that's basically the project at hand that we've been working on over the last couple of years and bringing to design.
We are concluding preliminary design now. We'd be rolling into final design just after the New Year trying to get under
construction for the summer of 22. So relative to the debt schedule, and TIF revenue, and Treasurer Fredette is here
and he can go through the model in more detail but essentially we will need to generate just over a million dollars to
cover the level principal and level interest on a 30 year bond. Just want to note everything that we're doing here has a
life expectancy of 50 plus years. We're talking about boardwalks, and major infrastructure, and then we would have
an interest rate model at 2.75%. | have often told Treasurer Fredette that | think that that's extremely conservative,
but | understand why we're doing that. And then the TIF dollars generated. So to date we have about a million dollars
in the account. We've modeled that we will have a growth of conservatively 2.5 year over year. We'll end with $2.2
million and this leaves us enough room to also maintain and have maintenance done year over year for this area. So
| don't know folks have noticed over the last couple of years, but we've actually made a concerted effort of
landscaping, and removing trees, doing a lot of vegetation removal, getting rid of invasive species, really trying to

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Board Of Aldermen - Minutes - 12/7/2021 - P28

Board Of Aldermen - Minutes - 12/7/2021 - P29

By dnadmin on Mon, 11/07/2022 - 07:12
Document Date
Tue, 12/07/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 12/07/2021 - 00:00
Page Number
29
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__120720…

Special Board of Aldermen 12-07-2021 Page 29

open up the riverfront and make it enjoyable. A lot of people have remarked that they didn't even realize that there
was a river there. So we'd be looking to maintain it as we go forward and we built that into the model.

| believe Treasurer Fredette put this together for you. | can defer to him but essentially it goes through in detail what |
just discussed, which is a 30 year horizon. Here we have a beginning balance of $1.1 million. We have what will be
generated with TIF revenue. We have level payments of $1,000,037 and then we'll have available balance throughout
the entire TIF schedule. | will send this off to everyone if they so desire. | can | can e-mail it out. | don't know if
there's any anything that Treasurer Fredette wants to say on that but that concludes my comments that | have this
evening. Thank you Mr. Chairman.

Chairman Dowd
Treasurer Fredette did you have anything you wanted to add or

David Fredette, Treasurer/Tax Collector

| have some hard copies here if anybody wants them. Dave Fredette, City Treasurer/Tax Collector. As Director
Cummings said, we ran this through 30 years and of course, no one can predict years out but we do the best we can.
We start off with Fiscal Year 22 and what's in the balance in the TIF account. As you know, the tax revenue raised or
a portion of the tax on raising the TIF goes into this account each year. | have that growing as he said by 2.5 percent
each year. Maintenance costs - this year, it's high because they started last year. They did a lot of work but starting
‘23, it would be $260,000. It would go up each year by another 2.5 percent. So it shows the ending balance each
year what would be in that account. It would become the beginning balance the next year, the expenses that are
planned, and it shows a balance each year. So although it shows going down to around almost $270,000 at the end
of 30 years, the account would be - if everything goes according to plan - would have around $6 million in it which
could be used | guess for another bond is my guess. So we used a 2.75% interest rate and we also have the revenue
and the maintenance costs increasing each year by 2.5 percent. We did something like this similar for the paving
program. The payment perimeter is $37.5 million dollar bond over a period of years and that has revenue that pays
for that from two sources. Budgeted all that very conservative and that's turned out to be good, too, because the rates
on those sales have been lower so we've been able to do more on that project. | mean, you know, 2.75 is
conservative right now but, you know, | don't know what's going to happen in a couple of years. We plan to sell the
bonds in Fiscal Year 23 and possibly something | don't know yet. So anyways, that's the plan to pay off the bond.

Chairman Dowd
Any aldermanic questions for Director Cummings or Treasurer Fredette?

Alderman Wilshire

| just have a question if someone could explain the TIF a little bit so the public understands what the TIF is.

Tim Cummings, Economic Development Director

Yeah, happy to. Essentially what a TIF is, is tax increment finance in which you have the base level taxation which
goes to the general fund and then the increment that is above a development is captured, segregated, and set aside
for specific projects or specific priorities as outlined by the community. That is what we did with basically it's the Brady
Sullivan loss 34 project that we used as the as main genesis of where these revenues are coming from. We very
astutely knew that that project was because it was an empty mill building was going to have an increment and we
could capture that increment and then dedicated to the improvement of the riverfront for the entire city.

Chairman Dowd

Any other questions?

Alderman Kelly

Thank you and thanks for the presentation on this. It was really helpful. My question, actually, | was really
appreciative of the discussion around kind of taking a slow approach to this. At a previous meeting, | had asked about
what are we doing for contingencies as materials are going up? So | just want to make sure | understood it sounded
like $50 million what you’re asking for but you're going to only start with that $11.8 million and see where you're at
before you go. | guess (inaudible) additional projects. Is that correct?

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Board Of Aldermen - Minutes - 12/7/2021 - P29

Board Of Aldermen - Minutes - 12/7/2021 - P30

By dnadmin on Mon, 11/07/2022 - 07:12
Document Date
Tue, 12/07/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 12/07/2021 - 00:00
Page Number
30
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__120720…

Special Board of Aldermen 12-07-2021 Page 30

Tim Cummings, Economic Development Director

So the red highlighted shows what the current construction costs are that we modeled, what we've designed, what
we've gotten back. We won't know when we put it out to bid, which, you know, the construction manager will do
ideally sometime this spring. At any time between now and then, the numbers could increase. But we have
contingencies built into the project. So | don't believe it will. What it will do is we will, as we continue with design and
we get a better understanding of what the individualized project costs are, it will tell us what would be available that
we could then reallocate to maybe some of the other priorities that we're just not going to be able to get to. Because
to be able to make this budget work, we need to stay under $21 million just with the current estimates that we have.
And really, it's because we just wrapped up preliminary design. We know that we need to carry a good contingency
but we expect that contingency to go down once we get through final design.

Chairman Dowd
Any other questions? Seeing none, I'll open the public hearing on R-21-193 testimony in favor.

TESTIMONY IN FAVOR - None

TESTIMONY IN OPPOSITION

Dan Richardson

Thank you very much. Dan Richardson, 70 Berkeley Street, Nashua, New Hampshire. I’m generally disposed to not
believe that this is a very good approach. Apart from the artistic impressions that were revealed, giving maintenance
nightmare, the segmented green spaces at different elevation levels you're going to have a terrible time maintaining
this. | noticed several areas that were inaccessible for people who are non-ambulatory. Besides that, | understand
the present low bond rates would prompt one to want to borrow as much money as you can at the present time. |
understand that philosophy in one shot, but that's not actually what happens. We get the bonding authority and
money is borrowed in segments over time as it's needed. So that you have you don't have to have an excess amount
of taxes covering the debt service.

So the real problem | have with this is the usage of a TIF. TIF is fundamentally unfair to the rest of the community and |
got to tell you the reason why is because it's established in State law, State Statutes how this works. There's no means in
State Statutes of segregating inflation from the truth - increasing the valuation of the property. All things being equal if
there was no inflation, you will be able to find an increase in valuation ostensibly attributable to the increase in property
values in that district. However, there is no such provision of law and you have no means established to do that.

So that's a true problem. It causes an increase in valuation due to inflation which causes an increase in taxes from that
valuation increase. That was fundamentally captured views only in the TIF District. And that's unfair to the rest of the city.
It produces an excess amount of money for use only in that area and what ends up happening is when people see an
excess amount of money, they tend to increase the scope of a project beyond what it is ostensibly for. So | am against
use of a TIF District for financing this. | think what you ought to do is have general obligation bonds and just straight up,
borrow the money as you need for the project segments

Alderman O’Brien

30 seconds.

Dan Richardson

...for the particular annual budget. Thank you very much.

Chairman Dowd

Anyone else in opposition?

Laurie Ortolano

Laurie Ortolano, 41 Berkeley Street. Mr. Cummings started this presentation off by saying he's had numerous

presentations with the board and other committees. Can you tell me the last presentation you had with which board?
What board was that?

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Board Of Aldermen - Minutes - 12/7/2021 - P30

Board Of Aldermen - Minutes - 12/7/2021 - P31

By dnadmin on Mon, 11/07/2022 - 07:12
Document Date
Tue, 12/07/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 12/07/2021 - 00:00
Page Number
31
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__120720…

Special Board of Aldermen 12-07-2021 Page 31

Tim Cummings, Economic Development Director

Sure, it was with the Board of Aldermen. It was the Infrastructure Committee and I'm gonna say it was in September off
the top of my head, but I'm sure you could go back to the meeting minutes and look. | don't know.

Laurie Ortolano

Yes, the meeting was in March 24" of 2021 was your meeting on the Riverwalk project with the Infrastructure Committee.
You are not on the agenda in September, October, or August. In that meeting, you said that you would like to come back
to either this committee or the entire board and on the Board of Aldermen minutes, | have a specific search engine | can
use. The last time Riverwalk was discussed was 2019. | feel it's inappropriate for you to do a presentation of this nature
at 9:30 at night and then roll into a Budget Committee to approve a bond of this size. This should have been vetted before
the full Board and the community should have an opportunity to discuss this. | have a lot of questions. I'm with Dan on
this. | don't like the TIF funding on this and | don't like what | see going on with the TIF funding because it's not fair to the
rest of the community.

At the end of the meeting, Alderman O'Brien said that there would be future meetings that we would get together with the
committee that Dave Tencza is on and we would be able to work more on ideas to move this project forward. That joint
meeting | can't find either. So there is very little history on this. The community has had very little information and it
almost seems like you and the Mayor have been working more quietly behind closed doors to push this forward. | don't
see how TIF funding means it doesn't cost the taxpayers anything because we're bonding $21 million here. You're going
to close Water and Factory Street for a period of time to do work. How exactly is that going to work when you put barriers
up on Main Street for three years?

Alderman O’Brien

30 seconds.

Laurie Ortolano

That's another issue that needs to be addressed. So this should be tabled. | hope the goal is not to get this approved
before a new Board of Aldermen seats or spend this kind of money. I'm asking the Budget Committee to table this, take it
to the full board, hold some more meetings, and | would like another public hearing on this when we have more information
and can ask more questions. Thank you.

Tim Cummings, Economic Development Director

Thank you. Again, | just want to reiterate, we were before the Infrastructure Committee and | don't have the date in front of
me but September, off the top of my head early fall, late summer, where we discussed this because we had a conversation
at length about Water Street. So | don't have the time to go through the minutes but | can tell you that we had that
conversation. | wasn't alone. It was with other members of the Infrastructure Committee.

Chairman Dowd

Is there anyone else that would like to speak in opposition?

Laura Colquhoun

Laura Colquhoun, 30 Greenwood Drive. First of all, Mr. Cummings gave this same presentation in March of 2021 and
never mentioned $21 million. | also find that the TIF program is stealing from the general fund to get it into the TIF
area therefore screwing the Nashua taxpayers. This is something that should be brought up in front of all the
residents of Nashua that we should see this because $21 million for another downtown project is absolutely ridiculous.
You also have to realize between the PAC, the new school, and now this how much more do you people want us to
pay? We have inflation coming up and Mr. Cummings doesn't even live in Nashua where he's putting all these things
in and | think that the residents have a right to say whether they want this to go down or not. So I'm asking you to
table this. | thank you.

Chairman Dowd

Anyone else want to speak in opposition? Seeing no one, | will go back to testimony in favor.

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Board Of Aldermen - Minutes - 12/7/2021 - P31

Board Of Aldermen - Minutes - 12/7/2021 - P32

By dnadmin on Mon, 11/07/2022 - 07:13
Document Date
Tue, 12/07/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 12/07/2021 - 00:00
Page Number
32
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__120720…

Special Board of Aldermen 12-07-2021 Page 32

TESTIMONY IN FAVOR - None

TESTIMONY IN OPPOSITION

Laurie Ortolano
A question. Why did Director Cummings decide that now is the time to take on a $21 million project?

Tim Cummings, Economic Development Director

Yeah, thank you. | actually would have liked to take it on a year or so ago. Unfortunately, it took us over a year to get
through FEMA permitting so we could actually move this along. | would suggest a two year phase of being within
preliminary design is much too long. However, that's what we had to go through to be able to get to the project to the
point now that we're in and I'm trying to move this along as fast as possible.

Laurie Ortolano

Well | think you need to consider what we can afford and what's been proposed because while you were working hard
to get that permitting, | understand, there were other bonds that came up and got approved like our DPW facility, as
well as some other big projects. We just did a massive amount of (inaudible) and we're in a different time period now
with some new assessment numbers coming out next year. So | think the timing of this is not correct and | think this
has been done very underhanded and backdoor. There has not been enough open vetting of this and the discussions
at the Board of Aldermen table have not taken place since 2019. This should not be voted on now. Thank you.
Chairman Dowd

Anyone else in opposition? Seeing no one, | will close the public hearing on R-21-193.

ADJOURNMENT

MOTION BY ALDERMAN O’BRIEN THAT THE DECEMBER 7, 2021, SPECIAL MEETING OF THE BOARD OF
ALDERMEN BE ADJOURNED, BY ROLL CALL

A viva voce roll call was taken which resulted as follows:
Yea: Alderman O’Brien, Alderman Klee, Alderwoman Kelly, Alderman Dowd,

Alderman Caron, Alderman Clemons, Alderman Tencza, Alderwoman Lu,

Alderman Jette, Alderman Laws, Alderman Cleaver,

Alderwoman Harriott-Gathright, Alderman Wilshire 13
Nay: Alderman Lopez 1
MOTION CARRIED

The meeting was declared adjourned at 9:38 p.m.

Attest: Allison Waite, Deputy City Clerk

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Board Of Aldermen - Minutes - 12/7/2021 - P32

Board Of Aldermen - Minutes - 12/7/2021 - P33

By dnadmin on Mon, 11/07/2022 - 07:13
Document Date
Tue, 12/07/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 12/07/2021 - 00:00
Page Number
33
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__120720…

<=

Downtown Riverfront Implementation
December 7, 2021

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Board Of Aldermen - Minutes - 12/7/2021 - P33

Board Of Aldermen - Minutes - 12/7/2021 - P34

By dnadmin on Mon, 11/07/2022 - 07:13
Document Date
Tue, 12/07/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 12/07/2021 - 00:00
Page Number
34
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__120720…

Genesis for the Project

NASHUA DOWNTOWN
RIVERFRONT
DEVELOPMENT PLAN

FINAL REPORT

City of Nashua, New Hampshire
Mayor Jim Donchess
Community Development Division

Prepared by Halvorson Design
August 2017

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Board Of Aldermen - Minutes - 12/7/2021 - P34

Board Of Aldermen - Minutes - 12/7/2021 - P35

By dnadmin on Mon, 11/07/2022 - 07:13
Document Date
Tue, 12/07/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
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Meeting Date
Tue, 12/07/2021 - 00:00
Page Number
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Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__120720…

Project Purpose

Multimodal Connectivity
Access to the River
Recreation/Greenspace
Environmental Stewardship
Floodplain Resiliency

Economic Development

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