Tax Increment Financing Advisory Board

Agendas & Minutes


Agendas are available prior to the meetings. Minutes are available following approval.
View Most Recent Agendas and Minutes

Board Description


The City hereby adopts the provisions of RSA 162-K, Municipal Economic Development and Revitalization Districts, which authorize the City to establish development districts, development programs, and to finance improvements through tax increment financing plans, all consistent with the provisions of that statute as amended from time to time. [NRO 295-11, 12] In accordance with RSA 162-K:14, an advisory board consisting of not less than five and not more than seven members shall be appointed by the Mayor and confirmed by the Board of Aldermen, for one year terms or until their successors are qualified, to advise the Mayor and district administrator on planning, construction and implementation of the development program and on the maintenance and operation of the district after the program has been completed. The members of the advisory board shall be owners or occupants of real property in or abutting the District. The district administrator shall consult with the advisory board at least forty-five (45) days before implementation of a phase of the development program and the advisory board may appeal to the Board of Aldermen concerning a district administrator decision no later than thirty (30) days before a phase is to be implemented. Decisions of the district administrator shall not be overturned except for abuse of discretion. [R-04-58]

About the Board


The City adopted provisions of RSA 162-K which authorizes the City to establish development districts, development programs and to finance improvements through tax increment financing plans. They will advise the Mayor and district administrator on planning, construction and implementation of the development program and on the maintenance and operation of the district after the program has been completed.