RESOLUTION:
PURPOSE:
SPONSOR(S):
COMMITTEE
ASSIGNMENT:
FISCAL NOTE:
LEGISLATIVE YEAR 2021
R-21-158
Establishing an expendable trust fund, funded by
appropriations, and making a supplemental apprepriation of
$750,000 into the expendable trust fund
Mayer Jim Donchess
R-21-158
RESOLUTION
ESTABLISHING AN EXPENDABLE TRUST FUND FOR RECREATION FACILITIES
FOR EAST SIDE OF NASHUA, FUNDED BY APPROPRIATIONS, AND MAKING A
SUPPLEMENTAL APPROPRIATION OF $750,000 INTO THE EXPENDABLE TRUST
FUND
CITY OF NASHUA
In the Year Two Thousand and Twenty-One
LEGISLATIVE YEAR 2021
RESOLUTION: R-21-157
PURPOSE: Authorizing the City of Nashua to enter into a Memorandum
of Understanding regarding the Bronstein Redevelopment
ENDORSERS: Mayor Jim Donchess
COMMITTEE
ASSIGNMENT:
FISCAL NOTE: Parking Fees as stated in agreement.
ANALYSIS
This resolution authorizes the City of Nashua to enter into a Memorandum of Understanding
regarding the Bronstein Redevelopment.
Approved as to form: Office of Corporation Counsel
By: /s/ Celia K. Leonard
Date: August 3, 202]
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IN WITNESS WHEREOPF, the parties have caused this Agreement to be duly executed
under seal as of the day and year first above written.
NHRA:
NASHUA HOUSING AND
REDEVELOPMENT AUTHORITY
By:
Name:
Title:
BRONSTEIN 4% & BRONSTEIN 9%:
BRONSTEIN 4% LIMITED PARTNERSHIP
By: 55 Central Street 4%, LLC
its General Partner
By: Nashua Housing and Redevelopment Authority
its Co-Manager
By:
Name:
Title:
BRONSTEIN 9% LIMITED PARTNERSHIP
Developer, NHRA nor City shall have any right, power, or authority to enter into any agreement
or undertaking for, or act on behalf of, or to act as or be an agent of representative of, or to
otherwise bind, the other.
(1) The Developer and NHRA each have the legal right, power and authority
to enter into this Agreement and to perform all of its obligations
hereunder.
(ii) The execution and delivery of this Agreement and the performance by the
Developer and NHRA of its obligations hereunder will not conflict with,
or result in a breach of, any of the terms, covenants and provisions of any
agreement or instrument to which the Developer and NHRA is a party or
by which the Developer and NHRA is bound.
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
WHEREAS, the Site Plan for Bronstein Redevelopment showed the following items which
items required coordination with the City of Nashua:
e Proposed parking stalls protruding into the public right of way known Myrtle Street
e At the east end of Myrtle Street, granite curbing protruding into the public right of
way; See Exhibit attached.
MEMORANDUM OF UNDERSTANDING
