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  2. Finance Committee - Agenda - 11/3/2021 - P21

Finance Committee - Agenda - 11/3/2021 - P21

By dnadmin on Mon, 11/07/2022 - 13:49
Document Date
Thu, 10/28/2021 - 15:05
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 11/03/2021 - 00:00
Page Number
21
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__110320…

Three alternative development concepts shall be formulated for highest and best use
analysis which shall be evaluated from three perspectives:

e Community benefits - focusing on non-financial considerations such as design,
contribution to open space, expansion of the City’s housing or business
options or non-profit community-supporting services and amenities and
amenities, Pedestrian connections to downtown and to riverside open space
will be paramount to the success of this development. Are there any city
agencies or ground level program elements that the City would like to see?

e Real estate financial benefits - in terms of financial feasibility, potential land
disposition revenue and marketability, timing and risk

e =©Public financial benefits - integrating the above plus real estate tax revenue
and any indicated required public investments.

Scope of Service Deliverables and Project Schedule:

1. Concept Planning (4 weeks; January/ February, 2022)

Three Development Concept Site Plan Options — including code
considerations, unit count/ program use, connectivity & parking count.
Working with the real estate professional and civil engineer, the design team
will test program and building massing options, establish design character,
and review approaches to pedestrian and vehicular circulation. Space and
program requirements will be reviewed for civil/ legal feasibility.

ICON’s team will be led by the Principal and Associate Principal, anticipating
approximately 150 hours for Concept Planning Phase and approximately half
staff time.

Refining the options, the civil engineer will prepare parking analysis based on
the existing and two proposed development options, including emergency
vehicle and loading access to the site. Site plan diagrams will convey street,
curb and intersection upgrades if deemed necessary. Extents include
adjacent intersections for traffic lights or other mitigation. The design and
engineering team will look to the city for coordination with utility providers.

ICON’s team includes one Site Walk to review the site with city stakeholders.

The design team (Arch/ Civil) shall participate in weekly conference/zoom
calls for a total of 6 coordination meetings.

ICON shall lead three meetings with stakeholders during the exploration of
options.

One (1) Virtual Meeting Is Proposed w/ staff in which findings of
alternatives / evaluation shall be presented & One preferred concept
selected and refined as discussed.

One (1) Presentation / Meeting with Public Boards and/or Elected
Officials to Present Preferred Scheme

Design sketches and massing studies will initiate discussions regarding
the project.

Page Image
Finance Committee - Agenda - 11/3/2021 - P21

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