City Council set to authorize bonding for public/private partnership

posted on 8/27/2024

The City Council will consider a resolution authorizing $2 million in bonding for public improvements related to the Terra Nova/Westfield Land Development Agreement at its Wednesday, Aug. 28 meeting. The Council held a public hearing on the resolution at its Aug. 14 meeting. 

In 2022, the City Council authorized the city to enter into a public-private partnership in developing two parcels adjacent to Littleworth Road – one owned by Terra Nova LLC and the other by Westfield LLC. The agreement calls for the city to reimburse the developer for public improvements costs, which include utilities and a street connection between Crosby Road and Industrial Park Drive. Per the agreement, which allows for a multi-year, multi-phase project, the city will not reimburse for the public improvements until each development phase is complete and generating property taxes. The first phase included the development of Bluebird Self Storage, which has an estimated taxable value exceeding the amount needed to service the $2 million bond.

The City Council will also consider extending the duration of its ad hoc Committee to Address Community Housing Needs. The committee was charged to submit a final report to the Council by September's end; however, due to the extension of grant programs supporting its efforts, the committee has requested to extend its deadline to Jan. 31, 2025.

Following the School Board’s vote on Monday, the City Council will consider establishing the Walter and Pauline Calderwood Memorial Scholarship Fund at the bequest of Pauline Calderwood. Her family were residents of Dover and had children who graduated from Dover High School. In her trust, she bequest $505,000 to establish a Dover High School scholarship.

At the beginning of the meeting, Mayor Robert Carrier will also proclaim the week of Sept. 17 as Constitution Week to honor the drafting of U.S. Constitution in 1787. Carrier will also proclaim September National Service Dog Month in Dover.

Click here for the complete agenda.

The meeting begins at 7 p.m. in City Hall’s Council Chambers. It will be televised on Channel 22 and online at https://dovernh.viebit.com, where it will also be available for on-demand viewing.