Special Board of Aldermen 03-15-2021 Page 19
of 100%, so you can say 50%, you can say 30%. | think you need to know the dollars you are talking about
and the amount that the City is going to contribute. And as | say, | think the City’s contribution is envisioned
not to be the lion’s share and not even close to that. So yes, you can be very specific in what properties
will, in fact, be paying.
Now in other circumstances you can say that a specific public improvement benefits specific properties and
instead of generally taxing all of the taxpayers in the City for a project that benefits specific properties, you
can make a betterment assessment against these specific properties that are, in fact, bettered by the public
improvement. So Nashua hasn’t done this in recent decades but it is the kind of thing that some
communities do if they are putting in sidewalks where there haven't been sidewalks before and then they
will divide it up by the linear measurement, the number of feet of sidewalks in front of each particular
property and divide it by the cost and make an assessment per foot for every property that the sidewalk
goes by.
| don’t know that this particular type project lends itself to that kind of assignment of betterment per project.
| think this probably does lend itself a little better to the TIF formula, but there are degrees and methods
and creative ways to do things. And many of them | am sure will be explored before we are finished with
this.
President Wilshire
Are you all set Alderman Lopez?
Alderman Lopez
Yeah | mean | know we are not making a decision tonight, | just wanted to know what some of the general
tools we would have are, so thank you very much.
President Wilshire
Thank you. Alderman Jette?
Alderman Jette
I'm sorry Madam President, | forgot to lower my hand.
President Wilshire
OK thank you, Alderman Jette. Is there anyone else? Director Cummings?
Director Cummings
Thank you Madam President. If no one else has anything to say | will wrap things up here.
