5. Permission to Use Parking. If approved, the new ordinances will allow for 42 head-
in parking spaces and further allows for 5 parking spaces on the hammerhead turnaround at the
easterly end of Myrtle Street all as shown on the Bronstein Redevelopment Site Plan. During the
work week - Monday through Friday 9am -- 5pm, except holidays-, the spaces are and will be
available to the public, including residents of Bronstein Redevelopment, on a first come, first
served basis. For all times outside of the workweek, as defined, the parking spaces shall be
restricted for use by resident permit holders only, as set out in section 8 below. Except as set out
in section 8 below, there will be no parking meters on Myrtle Street and there will be no fees or
charges for parking on Myrtle St.
6. No Further Restrictions on Use of Parking Spaces. Except as may be required by
this Memorandum of Understanding, the City further agrees and will not impose restrictions on
the use of the 42 head-in parking spaces on the southerly side of Myrtle Street and will not impose
restrictions on the 5 parking spaces at the hammerhead of the east end of Myrtle Street.
7. Overnight/Holiday Parking. The ordinances allow for overnight and
holiday/weekend parking on Myrtle Street and restrict the overnight and holiday/weekend parking
to residences of Myrtle Street. The City and NHRA agree that the residents of the Bronstein
Redevelopment are residents of Myrtle Street. Further, the City and NHRA and Developer shall
follow the City’s standard procedure which allows for residence and for the management company
of Bronstein Redevelopment to obtain permits for overnight/resident parking in the 42 spaces on
the southerly side of Myrtle Street and the 5 spaces on the easterly end of Myrtle Street. Yearly
permits are presently $10 per year. Upon receipt of a certificate of occupancy for the completed
Bronstein Redevelopment, NHRA shall pay to the City the sum of Four Hundred Seventy Dollars
($470) for overnight/resident parking permits. The sum shall be paid annually and shall continue
during the term of the arrangement or until such time as the fee for overnight parking permits is
changed by the Board of Aldermen.
8. Maintenance Agreement. The Developer and NHRA will enter into Maintenance
Agreement with the City, subject to the approval of the Board of Public Works for the City of
Nashua, which Agreement will clarify responsibilities for maintenance and repair of the 42 head-
in spaces, the 5 parking lot spaces, and the other improvements shown on the Bronstein Redevelopment
Site Plan, Under the Maintenance Agreement, the Developer and NHRA will be the party
responsible for plowing, ice removal, ADA compliance issues, and ongoing pavement care, ete.
9, Continuation of Agreement. This Agreement shall continue in full force and effect
with respect to Bronstein 4% so long as the portion of the Property leased to Bronstein 4% is used
for 166 apartments made available to families of low income as provided in NH RSA 203:8, II
and, with respect to Bronstein 9%, for so long as the portion of the Property leased to Bronstein
9% is used for 50 apartments, 40 of which shall be made available to families of low income as
provided in NH RSA 203:8, IL, except however, if a portion of Myrtle Street is successfully
discontinued and this Agreement is no longer necessary to assure the continued availability of the
42 head-in spaces and the 5 parking lot spaces, the City may terminate this Agreement upon thirty
(30) days written notice to NHRA and Developer.
10. Representations. The Developer and NHRA make the following representations and
warranties to the City:
