O-21-047
ORDINANCE
TEMPORARILY CHANGING THE DOWNTOWN IMPROVEMENTS
FUNDING PLAN
CITY OF NASHUA
In the Year Two Thousand and Twenty-One
The City of Nashua ordains that Part I “General Legislation”, Chapter 320 “Vehicles
and Traffic”, Article XI “Parking Meters”, Section 320-43.1 “Funding for downtown
improvements” of the Nashua Revised Ordinances, as amended, be hereby further amended by
adding the new underlined language as follows:
Ҥ 320-43.1. Funding for downtown improvements.
A. Starting with the FY2013 budget, an amount equivalent to the sum of any parking
revenue received over and above $728,000 shall be appropriated annually in the
budget to be used for the purpose of improving the Downtown - | zoning district.
Uses of these funds shall include, but not be limited to, improvements to
infrastructure, beautification, and marketing-and promotion. The time frame for
the calculation of the amount shall be January 1 to December 31. Beginning in
2013, if at the end of the year the parking revenue shall fall below $1,128,000 or
exceed $1,378,000, the Board of Aldermen shall review the amount of $728,000
above, and adjust that amount as necessary.
B. Notwithstanding subsection A above, for the calendar year of 2021, and Fiscal
Year Budget 2022, an amount equivalent to the sum of parking revenue of
$100,000 shall be appropriated in the FY2022 budget for the purpose of
improving the Downtown-1 zoning district. In calendar year 2022. and Fiscal
Budget Year 2023, the funding shall resume as stated in subsection A, above.”
This ordinance shall become effective immediately upon passage.
