R-21-139
RESOLUTION
AUTHORIZING THE BUS PULL OFF AND SHELTER EASEMENT ON BRIDGE
STREET AND TEMPORARY CONSTRUCTION EASEMENT AND USE EASEMENT
AGREEMENT ON SANDERS STREET
CITY OF NASHUA
In the Year Two Thousand and Twenty-One
WHEREAS, R-09-168, amended, authorized the Business and Industrial Development
Authority to enter into agreements for the transfer and redevelopment of the following parcels of
land: L Bridge Street — Lot 40-34, 40 Bridge Street — Lot 39-32, 70 Bridge Street — Lot 40-48, and
10 Sanders Street — Lot 40-37, totaling approximately 12 acres (the “Property’’) under certain
conditions;
WHEREAS, pursuant to that authorization, the City did enter into such a “Bridge Street
Waterfront Development Preferred Developer Agreement for Sale of Land for Private
Development” on May 21, 2009, with Renaissance at Nashua, LLC, and three subsequent
amendments (“Preferred Developer Agreement”);
WHEREAS, on November 10, 2016, pursuant to the Preferred Developer Agreement and
as part of the first phase of development, the City transferred title to the land situated off Bridge
Street now known as Map 40, Lot 50, which was a lot consolidated from a portion of Map 40 Lots
34 and 48, as shown on a plan entitled “Consolidation/Subdivision Plan (Map 40, Lots 34 & 48)
62 & 70 Bridge Street, Nashua, NH,” recorded as Plan #39077 in the Hillsborough County
Registry of Deeds.
WHEREAS, R-19-148, passed on August 13, 2019, approved the Business and Industrial
Development Authority entering into a fourth amendment to the Preferred Developer Agreement
regarding the second phase of development; and
WHEREAS, certain easements and agreement are required for the closing of the second
phase of the development.
