Board Of Aldermen - Agenda - 10/22/2019 - P4
THE CITY OF NASHUA “The Cate City
Beonamis Development
To: Lori Wilshire, President
From: Tim Cummings, Director of Economic Development
Ce:
Date: October/2019
Re: Downtown Riverfront TIF Update
Purpose
The Office of Economic Development has begun the implementation of the Downtown Riverfront TIF in
line with the Nashua Downtown Riverfront Development Plan. The purpose of this memo is provide the
Board of Aldermen with a general update and status overview.
Update & Overview
The TIF Committee has met a handful of times over the last six months. The TIF Committee unanimously
agreed to secure a firm te design and implement the improvements along the Nashua Riverfront, which
include the following improvements: community boat launch and dock, bike and pedestrian paths,
lighting, landscaping and shoreline restoration and the continuation of the Riverwalk. A conceptual
design overview outlining the various improvements is enclosed, The projected cost is approximately
$10.0 - $15.0 million dollars. An RFQ was issued in May of 2019 for design services & project
management of the Downtown Riverfront. The TIF Committee received 5 responses and after
interviewing all 5 groups. The VHB led team of Haynor Swanson, Halvorson Design, Fitzmyer & Tocci,
Lumen Studios was selected to design the project. In the coming weeks you will see a contract to this
affect before you.
As we begin to design the project additional due diligence will occur along with other ancillary efforts to
help in the preparation of the project. First, an effort to remove trees along the downtown’s river edge will
be occurring. This will happen under a separate contract. As outlined in the Downtown Riverfront Master
Plan opening up the views of the river is necessary. Beyond the removal of trees there will be an
additional effort to remove the invasive species along the river’s edge. Second, survey and geotechnical
work will be occurring to help inform the design of the Riverwalk. Third, VHB has outlined there may be
potential changes te the current flood plain and we will need to verify and take into consideration any new
flood patterns into the design.
Lastly, this winter we will begin to snow plow and maintain the walking paths along the river’s edge
where possible and starting this spring we are planning to enter into a comprehensive landscaping
management program to maintain this area in a detailed way.
Funds Available
The Riverfront TIF Fund has approximately 750,000 available, which would go to design and other
related expenses.
Timeline
The design of the project will take approximately 9 months to year and we would be looking to start
construction thereafter, which would be in the summer of 2020.
Outstanding Issue
For there to be full connectivity of the riverwalk (full circulation) the TIF will need to be amended to add
in some additional parcels.
Enclosed
