Board of Aldermen 11-23-2021 Page 3
Mayor Donchess
Well there's nothing to share because you haven't confirmed. You haven't confirmed him yet. But once he’s confirmed,
I'm pretty confident we'll be able to come up with a Comptroller in short order.
Alderwoman Lu
May | respond?
President Wilshire
Yes.
Alderwoman Lu
Board of Aldermen 11-23-2021 Page 2
authorization previously passed by the Board of Aldermen. Some of the funds would be transferred from the Broad Street
Parkway unused money borrowed but unused and then finally there is some additional authorization.
A regular meeting of the Board of Aldermen was held Tuesday, November 23, 2021, at 7:30 p.m. in the aldermanic
chamber and via Zoom teleconference which meeting link can be found on the agenda and on the City’s website
calendar.
President Lori Wilshire presided; City Clerk Susan Lovering recorded.
Prayer was offered by City Clerk Susan Lovering; Alderman Thomas Lopez led in the Pledge to the Flag.
Let’s start the meeting by taking a roll call attendance. If you are participating via Zoom, please state your presence, reason
Debt Schedule — TIF Revenue
City of Nashua
River Walk TIF 10/15/2021
(Cash Flow Analysis
$21.0 Million Bond Authorization -30 Years Level Payment
Annual Total
Beginning TIF Revenue TIF Ending
1.025 Revenue Balance
Debt Schedule — TIF Revenue
Treasurer Fredette will go through his
model in more detail, but essentially —- we
will need to generate $1,037,073 to cover
the level principle and interest on the 30
year bond (this Is at a 2.75% interest rate)
The TIF dollars will begin at $1.1M and over
the course of 30 years at a 2.5% growth
trajectory will end with $2.2M (During the
course of the bond there will be available
capacity for maintenance)
New Pedestrian Bridge Concepts:
North Side Trail at Margherita’s and BAE parking lot
SACS
