Hooksett officials outline TIF-backed bond to fund river crossing, pump-station and force-main upgrades

At a meeting of the Hooksett Tax Increment Finance Commission, town officials described a proposed bond (Article 3) that would use tax-increment revenue from the TIF district to pay for a Merrimack River sewer crossing, an upgrade to the Martin's Ferry pump station and improvements to the force main.

Town Administrator Audrey Garend said the town has completed much of the infrastructure in the Exit 11 area and is seeking to use tax-increment revenue to move forward on the next phase. "The pump station's in. The sewer and water is put in that area," Garend said, and the bond would fund the river crossing, tie into the Martin's Ferry pump station and upgrade the force main.

The bond is presented as Article 3 on the warrant and — Garend said — would be sized to the increment available rather than by asking for additional general-property-tax revenue. "We're asking the voters to bond in concert with the amount of…