Board Of Aldermen

UR EAN DESIGN assocrates Nashua Downtown Master Plan

un — Costs

Appendices (under separate cover)
I Transportation

nm Market Analysis

URBAN DESIGN ASSOCIATES

Table of Contents

Acknowledgements

Executive Summary I
A Vision for the Next Five Years

Site Analysis 9
I X Rays
1m ——_—- Precedents

1m Historic Analysis

The Planning Process 18
I Overview of the Process
1m = Summary of Interviews and
Focus Groups

m1 Urban Design Principles

Market Strategies 26
I Economic Development Strategies
1 Residential Strategies

m Retail and Entertainment Strategies

Nashua/New Hampshire

Nashua Downtown Master Plan

Preparedby URBAN DESIGN ASSOCIATES

Prepared for
City of Nashua, New Hampshire

May 2003

Appendix B

2003 Downtown Master Plan

a

120

TIF DISTRICT

240

Feet
480

Appendix A

District Boundary

Annual Report

Pursuant to RSA 162-K:11, the City, by and through the Administrator of the District, in consultation with
the Advisory Board, shall prepare an annual report containing the following:

° A Narrative Report on the status of theimplementation of the Plan and a summary of
the work that has been completed within the previous year;

° The amount and source of revenue of the District;

° The amount and purpose of expenditures;

° The amount of principal and interest on any outstanding bonded indebtedness;

1) Negotiate for the acquisition of real property or easements, and sign options and | or purchase
and sales agreements to acquire said property or easements subject to final approval by the Board
of Aldermen;

2) Enter into contracts for the construction of any of the facilities included in the development
program

3) Negotiate and sign, upon the approval of the Board of Aldermen, any contracts relative to the design,
engineering, construction or operations of any phase or component of the activities proposed under
this Plan;

Education Local 52.13
Education State $1.15
Total | $21.76

The estimated impact of tax increment financing on the assessed values of all other taxing jurisdictions
within the City of Nashua is negligible, since the proposed improvements are designed to encourage
commercial investment and lessen the residential tax burden. Thus, these activities will contribute to a
long-term increase in the non-residential tax base at a faster rate than would otherwise be achieved.

(a) The development program or financing plans for such tax increment
finance districts; or

(b) The ability to satisfy or expedite repayment of debt service obligations
incurred for a tax increment financing district; or

(c) The ability to satisfy program administration, operating, or maintenance
expenses within a tax increment financing district. "