*The calculation uses a 2019 tax rate
Goals and needs of the business community and city residents must be openly discussed and aligned.
All aspects of a project must be clearly outlined and understood by all parties this way, the economic
benefits of this overall TIF Plan and the future project-specific modifications will be realized. The 2003
Downtown Master Plan shall be the principle guiding document due to its breadth in scope outlining the
desires and wishes of the community due its extensive outreach efforts to gather community input.
Public Facilities
There will be a variety of public facilities potentially constructed as discussed including a Performing Arts
Center and Streetscaping improvements along with the addition of additional parking.
Open Space Planning
As referenced in the 2003 Downtown Master Plan open space and the creation thereof along with the
associated recreational opportunities and aesthetic improvements of this nature are important factors
and should be taken into consideration for an overall downtown area. These improvements need to be
balanced with the potential development that is also encouraged in a downtown, because seeking
economic development opportunities is also a priority, especially to ensure there is sufficient revenue
available to finance improvements. In this limited TIF District Open Space Planning will not be highly
prioritized due to the small land area.
Environmental Controls
Given the historic nature of the developed areas of downtown Nashua and the industrial activities that
occurred in the mills, without question there are environmental issues and concerns that will need to be
dealt with during any project. The City of Nashua, as well as private parties, will be required to comply
with all appropriate environmental regulations. These regulations may include, but are not limited to,
any or all of the following:
° State and federal regulations regarding the protection of wetlands and floodplains
° Local/State standards for design of public sewer systems
° Local/State permits regarding soil disturbance/filling
° Local/State and federal regulations regarding air, water, and noise pollution
° Applicable building and life safety codes, zoning ordinance and site planning regulations
° Contamination by hazardous materials and the required clean-up protocols
Proposed Re-Use of Private Property
Since the Board of Aldermen will consider specific projects as plans are finalized in future years, it is
difficult to know for certain what the intersection of private property and public projects will look like.
The City has explored in the past the acquisition of certain properties for public uses, and it is expected
that this approach will remain anoption for future projects. As with all TIF projects, the costs and
benefits for a possible purchase or taking of private property will be weighed with great care. All public
uses and any private uses, whether through lease agreements, outright sales, or other appropriate
mechanism will be conducted in conformance with all applicable sections of the RSA 162-K.
