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With these changes the revised NRO 5-135A reads:

It is the policy of the Board of Aldermen to maintain an undesignated fund balance not less
than 10% of the city’s general fund adopted in its current fiscal year annual budget.

This makes the traditional practice for maintaining a minimum level of the undesignated general
fund balance consistent with the ordinance.

Stating a specific date is unnecessary, since the 10% minimum condition applies throughout the

fiscal year. This also defines the baseline for purpose of the calculation of the minimum amount
to be the general fund adopted in the current annual budget (consider that the general fund could
change with a supplemental budget resolution throughout the year).

Finally, the general fund is not necessarily fully appropriated when adopted (for example,
appropriation of contingency funding is reserved), so I deleted the reference to “general fund
appropmiations” in favor of “general fund adoption.”

Sued §. Seeloam

Former Alderman-at-Large

A

Total Capitalization shall mean Total Debt plus Net Worth, except that in determining
Total Capitalization, contributions in aid of construction, advances for construction, customer
deposits, or similar items reducing rate base calculations shall be excluded.

Total Debt shall mean for the Company on a consolidated basis the sum of the following as
of the end of the Fiscal year: (a) all indebtedness for borrowed money or for the deferred purchase
price of property or services (other than accounts payable to trade creditors incurred in the ordinary
course of business), (b) obligations which are evidenced by notes, bonds, debentures or similar
instruments, (c) that portion of obligations with respect to Capital Leases or other capitalized
agreements that are properly classified as a liability on the balance sheet in conformity with GAAP
or which are treated as operating leases under regulations applicable to them but which otherwise
would be required to be capitalized under GAAP; (d) debt secured by a Lien on any assets of the
Company or ils Subsidiaries (whether or not the debt has been assumed); and (e) all obligations
guarantied by the Company or any Subsidiary.

Total Debt to Capitalization Ratio shall mean a ratio of Total Debt at the end of the fiscal
year to Total Capitalization at the end of the fiscal year.

SECTION 1.02 Rules of Interpretation. The following rules of interpretation shall
apply to the Agreement, all Promissory Notes and Supplements, and al] amendments to either of the
foregoing:

Accounting Terms. All accounting terms not specifically defined herein shall be construed
in accordance with GAAP, and all financial data submitted pursuant to this Agreement shall! be
prepared in accordance with such principles.

Number. All terms stated in the singular shall include the plural, and all terms stated in the
plural shall include the singular.

Including. The term "including" shall mean including, but not limited to.

Default. The expression "while any Default or Event of Default shall have occurred and be
continuing" (or like expression) shal! be deemed to include the period following any acceleration of
the obligations (unless such acceleration is rescinded).

Permitted Encembrances. CoBank's consent to the Company having one or more Liens on
all or any portion of its assets, shall not be construed to be an agreement to subordinate its Lien on
those assets to the extent that such Lien is not otherwise entitled to priority under Law.

Dear Mayor Donchess, Board of Aldermen, and Board of Directors of NHRA,

We, the residents of Bronstein, are asking the Board of Directors of the Nashua Housing and
Redevelopment Authority and our elected officials to make every effort to enable each family
who wants to remain in our neighborhood to be able to do so. This will allow our children to
attend their same schools, which is very important. [t will allow us to maintain our
relationships with friends as much as possible. We will be able to more easily work,go to our
doctors, use other services, and shop at the stores we use.

It is a difficult thing to move, especially when you did not choose to do so. We hope you will
keep this in mind as you think about the demolition of Bronstein, which means we lose our

homes.

One very strong request we have is about the School Street parking lot. We know it is owned
by the city. We know the city is thinking about selling it to a builder. We understand they are
talking about building about 150 apartments. We know that the city is talking about paying
$2.5 million to make up for some of the parking spaces taken to build these apartments. We
also know the plan doesn’t have any apartments that will be low cost enough for probably any
of the Bronstein. : “families. We don’t think that is a good idea. We think these new
apartments should be built so that anybody from Bronstein can move there if they want to, It
would mean at least part of this new development should be built first to fit the families who
want to move before our homes are destroyed. We think that is only fair. We are already
having to move. it would be easier for us to not have to move so far and to keep much of our
lives the same.

We wouid like to meet with both the Board of Nashua Housing and Redevelopment Authority,
the Mayor, and the Board of Aldermen as soon as possible. We ask that no decision be made
about School Street Flats before we meet.

Thank you,
The Tenants of Bronstein

Signature Address Date Telephone Email

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Dear Mayor Donchess, Board of Aldermen, and Board of Directors of NHRA,

We, the residents of Bronstein, are asking the Board of Directors of the Nashua Housing and
Redevelopment Authority and our elected officials to make every effort to enable each family
who wants to remain in our neighborhood to be able to do so. This will allow our children to

attend their same schools, which is very important. It will allow us to maintain our
relationships with friends as much as possible. We wili be able to more easily work,go to our

doctors, use other services, and shop at the stores we use.

It is a difficult thing to move, especially when you did not choose to do so. We hope you will
keep this in mind as you think about the demolition of Bronstein, which means we lose our

homes.

One very strong request we have is about the School Street parking lot. We know it is owned
by the city. We know the city is thinking about selling it to a builder. We understand they are
talking about building about 150 apartments. We know that the city is talking about paying
$2.5 million to make up for some of the parking spaces taken to build these apartments. We
also know the plan doesn’t have any apartments that will be low cost enough for probably any
of the Bronstein. . 2 < families. We don’t think that is a good idea. We think these new
apartments should be built so that anybody from Bronstein can move there if they want to. It
would mean at least part of this new development should be built first to fit the families who
want to move before our homes are destroyed. We think that is only fair. We are already
having to move. It would be easier for us to not have to move so far and to keep much of our
lives the same.

We would like to meet with both the Board of Nashua Housing and Redevelopment Authority,
the Mayor, and the Board of Aldermen as soon as possible. We ask that no decision be made
about School Street Flats before we meet.

Thank you,
The Tenants of Bronstein

Senate) Address Date Telephone Email
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Tht City 24 Mhyptle 5h Yala

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Dear Mayor Donchess, Board of Aldermen, and Board of Directors of NHRA,

We, the residents of Bronstein, are asking the Board of Directors of the Nashua Housing and
Redevelopment Authority and our elected officials to make every effort to enable each family
who wants to remain in our neighborhood to be able to do so. This will allow our children to
attend their same schools, which is very important. It will allew us to maintain our
relationships with friends as much as possible. We will be abie to more easily work,go to our
doctors, use other services, and shop at the stores we use.

It is a difficult thing to move, especially when you did not choose to do so. We hope you will
keep this in mind as you think about the demolition of Bronstein, which means we lose our

homes.

One very strong request we have is about the School Street parking jot. We know it is owned
by the city. We know the city is thinking about selling it to a builder. We understand they are
talking about building about 150 apartments. We know that the city is talking about paying
§2.5 million to make up for some of the parking spaces taken to build these apartments. We
also know the plan doesn’t have any apartments that will be low cost enough for probably any
ofthe Bronstei... .. ~— amilies. We don’t think that is a good idea. We think these new
apartments should be built so that anybody from Bronstein can move there if they want to. It
would mean at least part of this new development should be built first to fit the families who
want to move before our homes are destroyed. We think that is only fair. We are already
having to move. It would be easier for us to not have to move so far and to keep much of our
lives the same.

We would like to meet with both the Board of Nashua Housing and Redevelopment Authority,
the Mayor, and the Board of Aldermen as soon as possible. We ask that no decision be made
about School Street Flats before we meet.

Thank you,
The Tenants of Bronstein

Signature , Address _Date , Telephone Email
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Dear Mayor Donchess, Board of Aldermen, and Board of Directors of NHRA,

We, the residents of Bronstein, are asking the Board of Directors of the Nashua Housing and
Redevelopment Authority and our elected officials to make every effort to enable each family
who wants to remain in our neighborhood to be able to do so. This will allow our children to
attend their same schools, which is very important. It will allow us to maintain our
relationships with friends as much as possible. We will be able to more easily work,go to our
doctors, use other services, and shop at the stores we use.

It is a difficult thing to move, especially when you did not choose to do so. We hope you will
keep this in mind as you think about the demolition of Bronstein, which means we lose our

homes.

One very strong request we have is about the School Street parking lot. We know it is owned
by the city. We know the city is thinking about selling it to a builder. We understand they are
talking about building about 150 apartments. We know that the city is talking about paying
$2.5 million to make up for some of the parking spaces taken to build these apartments. We
also know the plan doesn’t have any apartments that will be low cost enough for probably any
of the Bronstein RB families. We don’t think that is a good idea. We think these new
apartments should be built so that anybody from Bronstein can move there if they want to. it
would mean at least part of this new development should be built first to fit the families who
want to move before our homes are destroyed. We think that is only fair. We are already
having to move. it would be easier for us to not have to move so far and to keep much of our
lives the same.

We would like to meet with both the Board of Nashua Housing and Redevelopment Authority,
the Mayor, and the Board of Aldermen as soon as possible. We ask that no decision be made
about School Street Flats before we meet.

Thank you,
The Tenants of Bronstein

Signature Cokse.ma hires Date — Telephone Email
3 5 he Mycte St 420 | Yoon 5 Cas jwaeryeg
thrman denweeuio Bw ithe Ut be e Yolee
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Du shin Voves ST Centen| Sh (S508 lOve
Velenize 22 MnVréle St 4/26/2820
Sta Ae la pine St ‘ GIh12020

Querido Alcalde Donchess, Junta de Concejales, y Junta Directiva de NHRA,

Nosotros, los residentes de Bronstein, estamos pidiendo a la Junta Directiva de la Autoridad de
Vivienda y Reurbanizacién de Nashua y a nuestros funcionarios electos que hagan todo lo
posible para que la familia que desea permanecer en nuestro vecindario pueda hacerlo. Esto
permitira que nuestros nifios asistan a sus mismas escuelas, lo cual es muy importante. Nos
permitira mantener nuestras relaciones con los amigos tanto como sea posible. Podremos
trabajar mas facilmente ir a nuestros médicos, utilizar otros servicios, y comprar en las tiendas.

Es dificil moverse, especialmente cuanda no lo ha elegido. Esperamos que tenga esto en
cuenta al pensar en la demolicién de Bronstein, lo que significa que perdemos nuestros lugares.

Una solicitud muy fuerte que tenemos es sobre el estacionamiento de la Calle de la Escuela.
Sabemos que es propiedad de la ciudad. Sabemos que la ciudad esta pensando en venderlo a
un constructor. Entendemos que estan hablando de construir unos 150 apartamentos.
Sabemos que fa ciudad esta hablando de pagar dos millones y medio de dolares para
compensar algunas de fas plazas de aparcamiento tomadas para construir estos apartamentos.
También sabemos que el plan no tiene apartamenios que sean lo suficienternente bajos o
probablemente ninguno de las familias de Bronstein. No creemos que sea una buena idea.
Creemos que estos nuevos apartamentos deberian construirse de modo que cualquier persona
de Bronstein pueda mudarse aiff si lo desea. Significaria que al menos parte de este nuevo
desarrollo deberia construirse primero para adaptarse a jas familias que quieren mudarse antes
de que nuestras casas sean destruidas. Creemos que eso es justo. Ya nos tenemos que mover.
Seria mas facil para nosotros no tener que movernos tan lejos y mantener igual gran parte de

nuestras vidas.

Nos gustaria reunirnos con la Junta Directiva de NHRA, el Alcaide, y la Junta de Concejaies fo
antes posible. Pedimos que no se tome ninguna decisién sobre School Street Flats antes de

reunirnos.

Gracias,
Los inquilinos de Bronstein
Signature Address Date Telephone Email

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Aodara Vidal 40 (ly cte St. 92S - 443-26 |G
EStebhn sce Lo, ony (Tie et (e053 -43/-Zous, ~
OAD Via. Asmar? s Sep dle J09D 605-500-1049

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. Community Development
City of Nash ua Planning and Zoning
. soa Building Safety
Community Development Division Code Enforcement
City Hall, 229 Main Street, PO Box 2019 Cee ogra mission
Nashua, New Hampshire 03061-20719 Transportation
www.nashuanh.gov FAX

589-3095
589-3090
589-3080
589-3100
589-3085
589-3105
880-0100
589-3119

Date: September 30, 2020

To: Ald. Lori Wilshire, Board of Aldermen President
Jim Donchess, Mayor
cc: Board of Aldermen
From: Sarah Marchant, Community Development Director

Re: Bronstein Housing Relocation Update

The Economic Development and Community Development Divisions have partnered with RKG
Associates Inc to complete a comprehensive Housing Study which will be presented to the Board of
Aldermen in October. The goal of this study is to assess the current and projected need for housing in
Nashua and to develop strategies for implementation. The study will provide a statistical basis on which
the Board can make informed policy decisions to support and improve housing for all Nashua residents.

We know that the housing vacancy rate has remained at an unhealthy level for years. In addition, rents
and the cost of for sale housing have risen substantially, but there has also been good news. The City has
added a substantial number of affordable and market rate rental units to the downtown in the past six
years, with over 170 new affordable units approved for develapment in 2021. We also know that the
downtown census tract has the lowest household income of any census tract in the state. These new
affordable units will be balanced with the approval of market rate units on School Street. In looking at
improving housing in the City it is important that there is a balance of market rate and affordable units
to reduce the concentration of poverty in our downtown and provide for a mix of housing units across
the City. This study will provide us with the tools to do better.

At the Special Board of Aldermen meeting on September 28" several questions were asked regarding

the relocation of residents at the existing Bronstein apartment complex as part of the Nashua Housing
and Redevelopment Authority’s (NHRA} redevelopment project. Lynn Lombardi, Executive Director of
the NHRA provided the following information related to the relocation plan:

NHRA is awaiting both a HUD Section 18 Demo/Disposition application approval,
and NHHFA tax credit applications approval. if approvals occur sometime in
December, NHRA will inform residents of its timeline for relocation to prepare
them for this. NHRA takes this matter very seriously, and will ensure all families
are provided with safe, decent and affordable housing during the relocation
process.

Housing Opportunities Unlimited (HOU) [NHRA‘s Relocation Consultant] was
formed in 1982, and has relocated over 16,000 households living in affordable

1| Page

and mixed income communities. HOU works with NHRA and residents from
planning to project completion, making them the best chaice for a relocation
project of this size. HOU will issue a formal notice to residents in February with a
90-day period for relocation. This notice will include all pertinent information to
understand the relocation process, and will include a comparable unit offer for
their consideration,

During the 90-day timeframe NHRA anticipates relocating all families from
Bronstein Apartments. This will occur through the use of Section 8 Housing
Choice Vouchers and comparable public housing units. The relocation process
will require NHRA to work with its current landlords and engage with new
landiords.

NHRA and Housing Opportunities Unlimited staff will counsel each family to
assist them with the relocation process. Families choosing to accept a Section 8
Housing Choice Voucher can move wherever they choose within the United
States and Puerto Rico. Relocation assistance for the costs associated with the
move will be provided to each family.

All families who are relocated from Bronstein Apartments will be offered the
opportunity to move back to the newly developed property.

The NHRA, through its Board of Commissioners and staff, are working with HUD and their consultants
for approval on their application and plans for relocation. Updates will be available in the coming
months as the approvals they are awaiting come in.

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