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In accordance with the provisions of RSA 162-K, Municipal Economic Development and Revitalization Districts, the Nashua Board of Aldermen hereby establishes the School Street Tax Increment Financing (“TIF”) District, and the associated Development Program and Financing Plan (hereinafter "the TIF Plan").
The purpose of the TIF Plan is to advance the desirable development, redevelopment and physical improvements along the adjacent to West Pearl Street and School Street creating a mixed-use environment and a growing multi-family neighborhood. This plan is to create the framework to fund a variety of public improvements necessary to support this vision.
The objectives of this development program and TIF plan are to:
Achievement of these objectives will occur through a combination of efforts. Existing and future property and business owners, new investors, and City staff and the City Board of Aldermen will be required to discuss redevelopment initiatives, and work cooperatively on funding plans and projects.