Agenda

How are the financial interests of the City protected?

®) THE CITY OF NASHUA ‘The Cate City’

Brosemic Dave logment

To: Brian McCarthy, President

From: Tim Cummings, Director of Economic Development

Ce: Board of Aldermen - Mayor Donchess — CoS Kleiner — Director Marchant
Date: February/2018

Re: Overview of TIF Program --- Relative to O-18-006

I am writing to share with you and your colleagues a broad overview of how “Tax Increment Financing”
works in New Hampshire.

Request

NEW BUSINESS — ORDINANCES

O-18-005
Endorser: Alderman-at-Large Michael B. O’Brien, Sr.
ADDING ADDITIONAL FIRE STATION SIGNAL LOCATIONS

O-18-006
Endorser: Mayor Jim Donchess
EXPANDING THE TAX INCREMENT FINANCING DEVELOPMENT DISTRICT UNDER RSA
162-K AND NRO 295-11, ESTABLISHED BY O-03-171 AND REPLACING THE TAX INCREMENT
FINANCING DEVELOPMENT PROGRAM AND FINANCING PLAN ADOPTED BY R-03-197 AND
R-04-58

O-18-007

Endorser: Alderwoman Mary Ann Melizzi-Golja

R-18-006
Endorser: Alderman-at-Large Brian S. McCarthy
AUTHORIZING PENNICHUCK CORPORATION AND PENNICHUCK EAST UTILITY, INC.
TO ENTER INTO A LONG TERM LOAN AND FIXED ASSET LINE OF CREDIT WITH COBANK,
AND TO REFINANCE INTERCOMPANY LOANS
e Pennichuck Water Special Committee Recommends: Final Passage

UNFINISHED BUSINESS — ORDINANCES

O-18-002

Endorsers: Alderman-at-Large Brian S. McCarthy
Alderman-at-Large Lori Wilshire
Alderman Richard A. Dowd
Alderman June M. Caron
Alderman-at-Large Michael B. O’Brien, Sr.

Board of Aldermen

City of Nashua
229 Main Street Brian S. McCarthy
Nashua, NH 03061-2019 President, Board of Aldermen

(603) 589-3030

February 1, 2018
ReO'D CITY CLERK DEP
FEB 1718 pw2i4o

Patricia D. Piecuch, City Clerk

City of Nashua

229 Main Street

Nashua, NH 03061-2019

Dear Ms. Piecuch:

Please be advised | am hereby calling a Special Meeting of the Board of Aldermen for Tuesday,
February 13, 2018, at 7:00 p.m. in the Aldermanic Chamber. The Nashua Housing Authority will

SPECIAL BOARD OF ALDERMEN
FEBRUARY 13, 2018

7:00 PM Aldermanic Chamber
PRESIDENT BRIAN S. MCCARTHY CALLS ASSEMBLY TO ORDER
PRAYER OFFERED BY CITY CLERK PATRICIA D. PIECUCH
PLEDGE TO THE FLAG LED BY ALDERMAN-AT-LARGE BRANDON MICHAEL LAWS
ROLL CALL
COMMUNICATIONS

From: Brian S. McCarthy, President, Board of Aldermen
Re: Special Board of Aldermen Meeting

ADJOURNMENT

£:00 PM MEETING OF THE BOARD OF ALDERMEN
PRESIDENT BRIAN S. MCCARTHY CALLS ASSEMBLY TO ORDER
PRAYER OFFERED BY CITY CLERK PATRICIA PIECUCH

PLEDGE TO THE FLAG LED BY ALDERMAN-AT-LARGE DAVID C. TENCZA
ROLL CALL

MAYOR’S ANNUAL STATE-OF-THE-CITY ADDRESS

ADJOURNMENT

FEBRUARY 20, 2018

NASHUA, NH

2

of market value as prescribed for ad valorem assessments under RSA 75:1. See RSA 83-F:3.
PSNH understands that the DRA advises all communities of the value allocated to each
community under its appraisal. Based on the DRA’s 2017 appraisal, the fair market value of
PSNH?’s taxable real estate in the City of Nashua for 2017 was $67,392,534.

STATE OF NEW HAMPSHIRE
City of Nashua

Application for Abatement of Taxes
Pursuant to New Hampshire RSA 76:16

To the Board of Aldermen:

Pursuant to New Hampshire RSA 76:16, Public Service Company of New Hampshire, doing
business as Eversource Energy, a New Hampshire corporation with a principal place of business at
780 North Commercial Street, Manchester, New Hampshire 03101 (hereinafter “PSNH”), applies for
abatement of taxes as follows: