Board of Aldermen 11-09-2021 Page 2
There were a couple items Madam President on the agenda that | wanted to mention. First R-21-186 proposes that we
cancel debt, about $5 million, that has been previously authorized but not used and those projects are completed. So that
would cancel that outstanding authorization.
| did want to mention also Madam President R-21-193 which will fund the Riverfront Master Plan - the improvements that
are planned there and that we've had in the works for some years. You may recall that the Riverfront Master Plan
adopted by the Board of Aldermen calls for a really a transformation of the Nashua riverfront including walkways, lighting,
docking areas for people to enjoy, a new park area, as well as more suspended walkways around the corners of the Main
Street Bridge. If you wish to see the spectacular projects that are incorporated there, please go to the Master Plan on the
website. | wanted to mention it particularly because although this is will cost certainly the city some money, it will not
affect the tax rate. And the reason is, is that the Board of Aldermen passed a few years back the Tax Increment
Financing District around the river. What that has done is it has captured any new value that is generated around the river
and devoted it into the Tax Increment Financing District or the TIF, T-I-F. The funds that have been derived in the TIF that
are being derived in the TIF are sufficient to pay the costs of the bonding of the Riverfront Master Plan and therefore there
will be no impact on the tax rate. Of course philosophy behind the TIF, this is something authorized by State law, is that
as you make public improvements in an area such as the Nashua River, it will generate more private investment which will
in turn help be directed the proceeds of that into the TIF and will pay for the improvements in that in that area. But that, of
course, will be going to the Budget Committee | presume and you will hear more details later.
Finally Madam President, | wanted to mention that the Veterans Day Parade is coming on Thursday. | hope as many of
the members of the Board of Aldermen as possible can attend. We unfortunately as a result of COVID have had to cancel
last year's parade and we had no Memorial Day Parade this year or last year. So this will be the first Veterans parade
we've had in a couple of years and | know the Veterans Council headed by Barney Barbera is looking forward to it and |
believe the Nashua people will turn out to help honor our Veterans. So | hope you all can attend and march in the parade.
And that's all | have, Madam President.
President Wilshire
Thank you. For the record, Alderman Tencza joined us at 7:34
RESPONSE TO REMARKS OF THE MAYOR
Alderman O’Brien
Yes, thank you. If | may, and I'm sure the Mayor would agree, it's been a past practice also to invite the aldermen elect
with this election to also come and share with the respect of our Veterans I'm sure.
Mayor Donchess
That'd be great.
Alderman Lopez
A question for the Mayor. I'm not sure if you know off the top of your head but he mentioned that Nashua is 52%
vaccinated but you also mentioned that now children are eligible down to age five. Does 52% include eligible Nashuans
or is that just the adult population?
Mayor Donchess
The 52% includes the entire population 91,000 people.
Alderman Lopez
Okay. So that are eligible to be vaccinated or the whole population (inaudible)
Mayor Donchess
It would be higher, yes.
