Agenda

R-21-162
RELATIVE TO THE RE-APPROPRIATION OF FISCAL YEAR FY2022 ESCROWS

Testimony in Favor
Testimony in Opposition
Testimony in Favor

Testimony in Opposition

ADJOURNMENT

SPECIAL BOARD OF ALDERMEN
AUGUST 23, 2021

7:00 PM Aldermanic Chamber and via Zoom

Join Zoom Meeting: https://us02web.zoom.us/j/84067820533?pwd= VFc5djh Rem8 5dW 1 GREIUTmY laUFimdz09
Meeting ID: 840 6782 0533

Passcode: 246802

Join by telephone: 1-929-205-6099
Meeting ID: 840 6782 0533
Passcode: 246802

If anybody has a problem accessing the meeting via phone or Channel 16, please call 603-589-3329 and they will help you
connect.

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
Alderman-at—Large Michael B. O'Brien, Sr.
Alderman Richard A. Dowd
Alderman Thomas Lopez
Alderwoman-at-—Large Shoshanna Kelly
Alderman Jan Schmidt
Alderman Linda Harriott—Gathright
Alderman Skip Cleaver
Alderman~at~Large Lori Wilshire

7
i
f

“T+S@eo=——_' _

“Bale

Tse.

a

“J PROPOSED BUILDING ‘a’
a-STORY. 73° UNITS -_
90.840 SF -- a

tox:

payyByyBiy Moya

4.182. ACRES

it

(@aie1 GF)

gE
d

5
EL
4

gy

zB

j

PROPOSED

ORY, 83 .UNITS..

B
4-3
93.404 SF

=. 13 :
1 Par
7 AY

1: :
HY pee
: A

PROPOSED.

> BUILDING "Cc" > |.
4-STORY. 36 UNITS Ly

Bo.e37. SF:

TH.

IN WITNESS WHEREOF, 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 1s 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 — Spm, 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:

® 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