1.  WHAT THE TASK FORCE COMMITTEE DID ?  WHY DOES ANDOVER NEED A NEW TOWN YARD?  WHAT ARE THE COST IMPACTS OF NOT DOING ANYTHING?  WHAT ARE THE BENEFITS OF FINDING A HIGHER AND BETTER USE AT THE CURRENT IN TOWN SITE?  WHAT ARE THE PROJECTED COSTS AND BENEFITS OF BUILDING AT A NEW SITE? 1 ANDOVER TOWN YARD TASK FORCE

3. Existing Town Yard  Erected in 1965 – Temporary 10 Year Buildings.  Town Population then 20,000, Now 33,000.  Close to $100,000 spent in the last two years for repairs, emergency maintenance and time to keep the existing buildings in operation.  Recent Investigation - Major Structural Issues.  Functions are in Nine Different Locations.  Buildings are too Small & Obsolete – 1/3 Size.  Equipment rusting being stored outside.

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16.  Forestry Division (P&F)  Highway Division (DPW)  Fuel Depot and Fleet: 150 + Vehicles & Equipment  Parks & Grounds Division (P&F)  Vehicle Maintenance Division (P&F)  Water & Sewer Division (DPW)  Building Division (P&F)  Mechanical/Electrical Division (P&F)

17. Support of all Town and School Infrastructure:  $10+ Million Vehicle and Equipment Fleet  1.4 Million Sf. Town and School Buildings  2.75 Million Sf. of Fields  1.4 Million Sf. Lawn Areas  215 Miles of Roadways  180 Miles of Water Mains  100 Miles of Sewers

18. Why not rebuild at the present location?

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20. Site 3+acres Existing Town Yard TY11 Taxes = 0 Potential Sale = $2 - $3 million  Residential (158 units)  237,000 sf  63 Market Ownership  16 Income Restricted  63 Market Rental  16 Income Restricted  Commercial  47,000 sf Potential Tax Revenue from redevelopment = $ 561,194 20

21. For Andover Taxpayers: Rare opportunity to actually expand downtown Increased Tax Revenues Redevelopment of adjoining parcels becomes advantageous Increases the value of adjoining parcels Development Costs are at a cyclical low now For Andover Shoppers and Its Business Community: Expansion under 40R will allow Town to retain its character, upgrade its shopping opportunities and increase business and tax revenues. Increase variety of stores Existing center is too small (1/2) Neighboring towns have expanded along our borders Provide new housing opportunities Provide increased commuter parking Improve property values throughout Town Improve our “Sense of Place” Creates new jobs Improve Traffic Conditions

22. 158 Residential Units - Average selling price between $125,000 - $250,000 Approx assessed value = $33,390,000 Approx new tax revenue generated from residential development = $471,467 Approx assessed value of retail/office development assuming a value of $85 per sf- 47,000 square feet x $85 = $3,927,000 Approx new tax revenue generated from retail/office development = $89,727 Approx new tax revenue generated = $561,194 Existing tax revenue = $0

23. PRIOR ASSESSMENT BY TASK FORCE NEW REQUEST FOR PROPOSALS for PHASE 1 DEVELOPMENT OF 59,000 SF FOUR PROPONENTS REVIEWED BY COMMITTEE PHASE 1 SINCE VALUE ENGINEERED TO PRE-ENGINEERED CONSTRUCTION OF 57,500 SF

24. Financial Assessment: Site 24 acres 274,400 square feet FY2011 Taxes = $212,687 Purchase = $13.9 million Retrofit = $10.7 million Total Project Cost $24.6 million

25. Financial Assessment: Site 16 + approximate acres FY2010 Taxes = $33,725 (loss of tax revenue) Land and Construction Total Project Cost: $17.8 million to $18.4

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27. ADDITIONAL BENEFITS TO THE TOWN FOR THIS LOCATION: PUBLIC ACCESS TO THE MERRIMACK RIVER

28. Conservation Land 5 Campanelli Drive

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30.  Add HERRON slides 30

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32. NEXT STEPS: 1.REVIEW DESIGN 2.REVIEW DEVELOPMENT COSTS WITH WESTON & SAMPSON ENGINEERS 3. NEGOTIATE LAND PURCHASE 4. PRESENT TO OTHER TOWN BOARDS 5. PREPARE FOR SPRING TOWN MEETING