Business & Industrial Development Authority

Nashua Business and Industrial Development Authority Meeting Minutes April 23, 2010 1. Opening: The regular meeting of the Nashua Business and Industrial Authority was called to order at 8:20am by Chairman Tulley at the City Hall Auditorium. Present: Chairman Jack Tulley, Vice Chairman Don Zizzi, Brad Vear, Jason Haviland, Mayor Donnalee Lozeau, David Fredette Absent: Carl Andrade, Dean Jackson, Mark Prolman, Stephen Michon, Brian McCarthy Other Attendees: Julie Walker, Tom Galligani, Jamie McNamee 2. Approval of Meeting Minutes of March 23, 2010. MOTION TO APPROVE THE MINUTES FROM MARCH 23, 2010 MADE BY JASON HAVILAND. MOTION WAS TABLED. 3. Election of Officers MOTION TO NOMINATE JACK TULLEY CHAIRMAN OF THE BIDA BY DONNALEE LOZEAU. MOTION SECONDED BY DON ZIZZI AND APPROVED UNANIMOUSLY. MOTION TO NOMINATE DON ZIZZI VICE CHAIRMAN OF BIDA BY JACK TULLEY. MOTION SECONDED BY DONNALEE LOZEAU AND APPROVED UNANIMOUSLY. 4. Bridge Street Waterfront Redevelopment Project T Galligani provided a brief update on the status of the project and gave update on the agreement signed with Renaissance last May 2009. Tom explained the two deadlines coming up and a letter from Renaissance requesting an extension. MOTION BY DONNALEE LOZEAU TO ACCEPT AND PLACE ON FILE THE LETTER FROM RENAISSANCE AND GRANT A 6 MONTH EXTENSION TO OCTOBER 27, 2010 TO RENAISSANCE AND REQUEST TO INCLUDE A COSTS TO DATE ANALYSIS AND REVEAL THE MARKET STUDY TO THE BIDA. MOTION SECONDED BY DON ZIZZI AND APPROVED UNANIMOUSLY. o Traffic Study: Ryan Porter stated that Renaissance was receiving data from NRPC and working on collecting data. Ryan Porter stated that any suggestions the BIDA committee has, Renaissance would welcome their input. Renaissance will also be conducting further studies as needed. o CSO Relocation Study: Tom G updated the committee on the study results, developed by Hazen and Sawyer. The study compared the cost of each of Page 1 of 3  the four studied sites, Jackson St, the land owned by PSNH, the Hollis and Bridge St traffic circle and the land owned by the railroad and compared it the costs estimated in the 2009 CSO Study. Stated that the Jackson Street property is the least expensive option and as technically feasible as the original site. David Fredette explained the tax study information for the site and the process for obtaining a property, either by deeding it to the City or coming to an agreement with the owners. The latter process is a quicker one and the one that is more desirable for the City. Discussion regarding the condition of the site followed. o Recreational Field: The Mayor expressed concerns about the status of the recreational field located at the former Johns Manville site, as it relates to the development project. The explained the field is well used and would need to be incorporated into the development design or replaced nearby. Discussion occurred regarding the use of the land at the moment, what could be done with the land if it was not a ball field and what other options there are for recreational fields. o Market Analysis: Ryan Porter stated that Renaissance will be documenting and reviewing their site reconnaissance and analysis. Renaissance will also be studying the market and housing trends for the area, including a comparable market assessment. o Shoreline Protection Act: Tom Galligani stated that he is communicating with DES about other exemptions under which the property and development project might qualify Ryan Porter presented the following updated timeline for the Concept Plan process: o April: CSO study will be completed o May: Traffic and Market study will be completed o June: the concept plan refinement will be completed, along with a charrette that Renaissance will be hosting. Renaissance plans on inviting members of the BIDA, DES, the Chamber and Great American Downtown. o July: the final concept plan will be completed o August: submittal of the final concept plan o Broader Downtown Strategy: Renaissance is planning on encouraging local property owners to invest in the Bridge Street plan, and gather their input and suggestions on the project. Brad Vear requested an estimate of the budget and expenditures to date. Ryan Porter stated that to date Renaissance has expended roughly 40% of their budget, which is about equal to $110,000. Brad Vear requested that a spreadsheet with this information be sent to the BIDA committee; Ryan Porter agreed to provide one. Mayor Lozeau requested that on the spreadsheet, an estimate of expenditures for the next 6 months be included. Page 2 of 3 5. Mohawk Tannery Update Tom Galligani stated there was no new information available about this project. 6. Other Opportunity Areas Mayor Lozeau suggested that the BIDA hold a discussion with the Board of Aldermen regarding best land use opportunities for the mill yard area. Mayor Lozeau stated that some of the land acquired for the project originally may not be needed and it would be a good idea for the BIDA to determine the best use for the land and the buildings in the area. 7. Adjournment: Meeting was adjourned at 9:30 am by Chairman Tulley. The next general meeting will be at 8:30 am on May 21, 2010 in the Auditorium. Minutes submitted by:Julie Walker Page 3 of 3