Board Of Aldermen

SUMMARY
Table 12
Fiscal Summary

Gross Property Tax & Auto
Registration Revenues $942,208

Municipal Costs

Police -$30.000

Fire -$30.000
Misi. -$22,050
School Costs -$45,000
Total Estimated Costs -$127,050
Net Positive Fiscal tmpact +$815,158

Based upon the report's findings, gross yearly revenues generated by the

proposed project will total $942.208. The anticipated yearly fiscal impact to the

City of Nashua is estimated to be $127,050, resulting with a yearly positive fiscal

Street, a new facility the District is acquiring freeing additional space. Mr,
Donovan does not believe a teacher would be needed based on the estimates for
phase Il. To be conservative, we will estimate the cost of half a teacher

($45,000).

13

Table Ten
Estimated School Age Children

Two Beds | School Age | Avg. SAC
Project Units Children Per Unit Est. SAC
Tara Heights Existing 318 47 0.148
Project Garden 95 0.148 14.06
Townhomes? 28 0.340 9,52
Totals 24(23.58)

Based on the school grade breakdown found at Tara Heights in 2018, it is
estimated that 19 of the children will attend elementary school, 1 middle and 4

Based upon the most recent enrollment projection data®, over the next seven
years enrollments are expected to continue declining in a range from 893 — 1,136
students system wide based on three projection estimates that have been
developed. It should be noted that when Tara Heights phase | was proposed in

2010, total school enrollment was 12,385.

Estimated School Age Children

B) School Costs

As noted above, 55.5% of the tax rate is allocated for schools. This high ratio is
typical in most New Hampshire communities and demonstrates that a high
percentage of local taxes go towards supporting the school system. Based on
the subject sites location, students living at Tara Heights will attend the
Bicentennial Elementary School, the Fairgrounds Middle School and Nashua

High South.

Schoo! Enrollment Trends

Table Eight
Fire Department Costs

Department FY 2020 Budget Calls Costicall_ Est.Calls Annual Cost

Fire $24,640,642 33,382 $736 21 $15,456

As with the Police Department, to be conservative, we have increased this cost

to $30,000 to account for all potential costs.

Other Departments

Table Six

Average Calls: Police-Fire

| Avg. Police Call | Avg.Call | Projected
Project Town Units 28 Months Per Unit Calls
Tara Heights Nashua 564 91 0.161
Proposed Project 294 0.161 48
Avg. Fire Call Avg. Call | Projected
Project Town Units 28 Months Per Unit Calls
Tara Heights Nashua 564 40 0.07
Proposed Project 294 0.07 21

Police Department

The Police Department will see the largest increase in call volume with 48 calls

B. Municipal Service Costs

calculated. Based upon The Charlotte’s density of 294 units, a total project value
of $37,881,312 has been estimated, generating $812,554 in local property taxes.
The existing Tara Heights development generates $1,558,000 in yearly local

property tax revenue.

Table Three
Anticipated Property Tax Revenue
Per Unit Value # Units Value Local Tax Revenue
$128,848 294 $37,881,312 @$21.45/$ 1,000 = $812,554

B) Miscellaneous Yearly Revenues

process. Solid waste generated by this project will be removed by a private
hauler. Any construction related or operating utility expenses will be offset
through user fees. All on-site improvements will be private and all maintenance
expenses will be paid for by this project owner. This report does not intend to
infer that few costs will be incurred as a result of this project. Measurable
impacts will certainly be felt by a few City Departments, most notably the School
Department along with the Police and Fire Departments. Other City agencies will