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Board learns $119,000 in recreation impact fees tied to Peterbook lighting; water department weighing new wells for West Side development
Summary
The Hooksett Parks and Recreation Advisory Board on Feb. 1 was briefed on roughly $119,000 in recreation impact fees earmarked for a lighting project referenced in the meeting as “Peterbook,” and on water‑department plans to test wells to support anticipated development in a proposed TIF district.
Board members discussed the town’s available impact fees, a TIF district and related infrastructure needs for anticipated West Side development during their Feb. 1 meeting.
Board members said a recreational impact‑fee account contains about $119,000; town staff at the council meeting had described that sum as earmarked toward a roughly $400,000 lighting project at a site referenced in the meeting as “Peterbook.” Members said the $119,000 would be only a portion of the lighting cost and that the lighting project would require additional funding to reach the $400,000 target.
Members also discussed a separate tax-increment financing (TIF)…
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