Special Bd. of Aldermen — 03/6/2018 Page 12
private sector development. You also want to make sure you have a development agreement in place. You
don’t want to be doing anything on the wish, and the hope, and prayer that if you build it they will come. That is
something that can get communities into trouble. | can tell you here locally in the State of New Hampshire, the
City of Concord has done an excellent job actually of developing some best practices and some rules that they
live by. | would suggest that we would emulate those types of rules to ensure that we do things on the up and
up. The last part is making sure we have accurate and clear reporting. That would be really important to me so
everyone knows exactly how the TIF dollars are being used in the community.
Alderwoman Melizzi-Golja
First of all Director Cummings and Director Marchant thank you for this evening. | think it’s really important to
remember why April 1* is so important in terms of capturing the most we can. When | had raised my hand, it
was while Alderman Dowd was asking questions and | was just going to ask you to basically summarize what
is on the last page of the memo you gave us regarding how the TIF is administered and when and how it can
be dissolved basically for people who are listening. | think in responding to Alderman Dowd and responding to
Alderman O’Brien you have done that. | think it’s important that anyone who is watching this evening or who
listens in the next week or so understands what we’re about to do and that it will have its own advisory board
but they will be reporting back to us. As you indicated, it can be dissolved once the obligations are met. Could
we have this attached to the minutes so people can also reference this for this meeting? Thanks.
Alderman Jette
So I’m wondering | think I’ve seen the master plan is to continue the riverwalk to the east side of Main Street.
Right now the riverwalk goes on the north side of the river and by Peddler’s Daughter. | thought the plan was
to loop the riverwalk around so that it came back across the south side of the river and to the east of Main
Street all the way to where there’s a walkway right at the dam there behind the library. It seems like a glaring
omission to my eye. I’m wondering why.
Director Marchant
So that was one of the phases of the riverfront plan. The riverfront plan was broken down into four sections
and this was the third section. The focus of this portion of the TIF is to start with that piece between the Main
Street Bridge and the Broad Street Parkway to focus the funds there, to get us started, to walk not run like Tim
said, to see if we can focus on that piece and from there to potentially with success add on this area absolutely
which has a different feel. A little bit of different improvements involved here and then also to do the first
section which is closer to Mine Falls Park as well. So we were just focusing on this middle section for the initial
TIF.
Chairman Wilshire
It’s possible that we could take this all up at the committee meeting all this debate on the TIF. You can
continue Alderman Jette but | think it might be more appropriate to take all this up at the committee after the
hearing. Is that all right?
Alderman Jette
Okay. | guess I’m unclear. Are we not asking questions now?
Chairman Wilshire
We can continue with the questions | just want to put it out there that there’s a meeting after the public hearing
to discuss the whole TIF.
