So without our calls to order, it's four o'clock.

All right.

So if everyone joined me in the pledge.

And to the republic for which it stands, one nation under God, indivisible with liberty and justice for all.

If the members could introduce themselves.

Mike Summers.

Alden Bushman.

Thank you.

So just so you know, um, Mike, Anthony's the chairman of the economic committee.

Okay.

Yeah, we traded emails uh a couple weeks ago now.

Yeah.

So all right.

So what's our first order?

Update on the TIFF plan for exit 10.

Who's uh addressing that for us?

Mr.

Garrett.

At least I can provide some of that update.

If I can uh have Ken to tell you about uh a few of the actual things going on there, but um again goodie good afternoon, I should say.

Uh Andre Guerin, town administrator.

Um with regard to update of the TIFF plan, as you all know, um last year we intempted to go attempted to go um get a uh put forth a warrant article for um up to twelve and a half million dollars, even though the intent was not to spend twelve and a half million dollars, it was to get authorization to spend up to that amount.

And the way we presented the warrant article was um that whatever amount was um uh allowed us the bond to whatever level of the development we had based on the funds we had in an account.

So we currently have 2.5 million dollars, uh 2.4 million dollars in the account, and we would only have bonded up to that amount.

Uh the attempt was to save time, but so we don't go to the town meeting every every year saying, all right, now we have this amount, we want to bond this amount, now we have this amount, and now we want to bound this amount.

We've been going there almost every year.

It said, but we know that 12 and a half million dollars takes care of the whole project.

So um through the efforts of eDEC and TEF last year, and I know um Anthony realized this that with the information session session that was held, I think made a dramatic impact on those that turned out for the bond, because two years ago the bond for the uh TIFF district failed by four percent.

Last year the bond fell by one point three percent.

Yeah, the majority of the voters, uh about 1300 voters uh voted for, about 900 against, but it failed to reach the 60 percent needed in order to uh or three fifths needed in order to uh pass.

So uh I think we're making headway, and as you all know, we have an info session coming up shortly.

So um, so that's what we are.

I mean, um, as far as the plan itself, and that is up on the um screen, the plan is laid out, it hasn't changed from what it was uh years ago, and we was developed with the help of uh underwood engineering.

We're still looking to bring the uh sewer across the Merrimack River from the Martins Ferry pump station here to a new pump station on the other side of the um river on the uh west side of the river.

And obviously these lines that come out there are the actual um sewer lines that are gonna be uh an outreach from that sewer pump station.

And um that part of it has not changed.

Uh although the bond, given that the bond wasn't passed, um the question was asked, you know, what can we do with the funds?

And I know this is later on.

I don't know if you want me to skip down to that or not, or just um address what the um plan later on, but so the question was is that we have funds available to us.

Um what has occurred so far in the district, um, although um I'm trying to think of the exit 11 is not shown on there in entirety.

Oh actually.

This over here.

Yeah, is the uh tri-town arena.

So the infrastructure in and around the Triton Arena, uh, up to um uh up to where the granite woods development is occurred.

I mean, that infrastructure is actually in place.

Um the sewer part of it, and that was part of a um private part public partnership with Granite Woods for them to start um the third phase of our project before the first phase of our project.

So uh that infrastructure was put in there, the a new pump station was created near the I Tri Town Ice Arena.

Um the uh sewer piping um was put up uh up cross road and into the property, and um and so that infrastructure is there uh ready to go.

Um where the infrastructure is lacking is exit 10 uh area, which was supposed to be our first phase of the development, and uh some of you may remember that um 2020-2021.

I believe we were planning a bond then to um to um make the zone one uh project happen, and zone one zone two project happened then.

Uh we also realized that at the same time uh COVID hit, abatements came in, and the abatements kind of wiped out the money that we were going to use to um fund the bond to put in the infrastructure, so we had to wait.

Well, I don't know if that waiting uh had a detrimental impact on support, but you know, we since then we've been trying to get the bond, and the bond has not passed.

So um so here we are today, 2026, with 2.4 million dollars in the TIFF fund currently, um, with another $800,000 available from the $2.45 million dollar bond that was approved back in 2019 for the planning and and just and the start of the construction of the property uh of the area, and um so we started talking about uh what can we do?

So Andrew, so just uh that's we've so there's essentially 3.2 million, 2.4 in TIFF funds and then 800,000.

I do my math right, so it's 3.2 million.

Yeah, okay.

And so um so uh this gentleman to my right, I was always equating with regard to a project, uh always equating that if we went under the river, we would have to build the pump station.

I was always under that pressure.

So I'll ask Ken, I said, uh can you do one without the other?

So yeah, yes, you can.