In February 1937, residents of Hill learned that their village near the Pemigewasset River was to become a flood control reservoir for the Franklin Falls dam project. By January 1940, the citizens of Hill had formed an association, purchased land, and begun planning a new model village with the help of the N.H. State Planning and Development Commission. Construction started in 1940, and by June 1941 the new town hall and school were completed along with the streets, water system, and 30 houses. The 1941 town meeting was called to order in the old town hall, recessed, and reconvened in the new village.