Hooksett officials considering plan to bring sewer lines to Route 3A near Exit 10
HOOKSETT — Plans to add sewer lines to part of the commercial district on Route 3A remain flexible.
For the last few of months, the Tax Increment Financing (TIF) Advisory Committee has been looking at different options for bringing a sewer line to Route 3A, and the associated costs.
The committee is recommending installing a sewer line in the Exit 10 area of I-93 by hooking up with Manchester’s sewer system. The line would extend from the Manchester and Hooksett line to the Dunkin’ Donuts.
The cost of the project is estimated to be about $6.6 million, the majority of which would be for the construction and installation of the line, according to David Boutin, committee chairman. There would also be a cost from Manchester to hook into the system.
If this project were to be paid for with a 20-year bond, the costs could range anywhere from $340,000 in the later years to $560,000 in the first year.
However, a TIF district in that area could help to cover the cost of the bond, meaning portions of the taxes collected from the businesses in that area will go toward paying off the bond.
The TIF district could help cover the cost as long as about $17 million in assessed property values is added to the area. There are currently 23 properties in what would be the TIF district.
If the Town Council decides to go in this direction, voters will have to approve the bond during a vote at town meeting.
Other towns such as Bedford, Goffstown and Londonderry would also have to give approval for Hooksett to come onto the system.
“They are part of the Manchester Sewer District so we would need their blessing, and I don't anticipate we’d have any problem there,” Boutin said.
The hope is the sewer lines will be an economic boost to the town, attracting new businesses and helping those currently here to expand
“I think the way to look at this is it’s an investment in the town’s future — the economic future,” Boutin said.