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Board of Aldermen 2-12-2020 Page 11

UNFINISHED BUSINESS — RESOLUTIONS

R-20-001, Amended

Endorsers: Mayor Jim Donchess
Alderman-at-Large Lori Wilshire

SECOND AMENDMENT TO R-18-001 “AUTHORIZING THE MAYOR AND CITY TREASURER TO
ISSUE BONDS NOT TO EXCEED THE AMOUNT OF FIFTEEN MILLION FIVE HUNDRED
THOUSAND DOLLARS ($15,500,000) FOR THE PERFORMING ARTS CENTER LOCATED AT 201
MAIN STREET”

Given its second reading;

MOTION BY ALDERMAN SCHMIDT TO AMEND R-20-001BY REPLACING IT WITH THE PROPOSED
BLUE COPYAMENDMENTS MADE AT THE BUDGET REVIEW COMMITTEE MEETING BY ROLL
CALL

ON THE QUESTION

Alderman Lu

| just have to point out that currently it seems that even if this passes, there is still an unknown funding gap
and it seems precarious to me with the amount of discussion that we’ve had on this, that our $15.5 million
dollar bond, our $4 million dollars coming from the private group ...

President Wilshire

Can you save this for the discussion on the — we are asking for comment on the amendment at this point.
So that would be in order when we ...

Alderman Lu

The amendment is to extend the ...

President Wilshire

So yeah if you are talking on the amendment that we made, that’s fine.

Alderman Lu

The amendment though is to either not continue this authorization or to continue it. Is that correct? Well
what could | talk about possibly except the value or something to the effect, something that pertains to the
Resolution itself.

President Wilshire

It’s whether or not you support the amendment or you have a discussion about the amendment itself; the
date the extension of time?

Alderman Lu

OK | feel we should not be extending the Resolution to bond something that we don’t have a clear idea of
where the rest of the funds are going to come from. I’m not just talking about not understanding how well
the Capital Campaign is going but at this point, the cost of the project has increased to $24 million and it
seems to be me we really need to get a sense of you know why $15.5 million when we know that is not
going to get us to the price tag?

Board of Aldermen 2-12-2020 Page 12
President Wilshire

Thank you. Further discussion on the amendment?

Alderman Lopez

| mean | have to point out similar concerns that it doesn’t matter whether we go with the Golden Rod Copy
or the Blue Copy if we are already assuming that there’s an extra $4 million dollars that we will come up
with somewhere. If we are contingent on the blue amendment that has been proposed, depends on us
getting $4 million dollars of the New Market Tax Credits. We didn’t get the New Market Tax Credits last
time we applied for it. We didn’t get word that we weren’t getting the New Market Tax Credit. Why do we
think things are going to be different? Why should we include that in this amendment and continue
enabling a system that doesn’t seem to producing what it was proposed to do?

Alderman Dowd

Yes this Legislation change right here allows us to be eligible to get that money and if this Legislation isn’t
in place, we will never get the $4 million dollars. So the question is to pass this amendment, make us
eligible to get the $4 million dollars that are awarded through Tax Credits. We won’t know that for
approximately six months. In six months we can then take another look at the entire funding picture when
we have a better idea of what exactly the funding level is at that point.

Alderman Harriott-Gathright

| am comparing the two amendments here and the only thing | see different is paragraph four which says,
the last sentence talks about deleting the struck through language and adding the bold, italicized language
as follows. So we have just added some verbiage there and adding the bold, italicized language. So I’m
not sure this one is just verbiage that’s different. So this is the one we are finally going to vote on.

Alderman Jette
| too am confused by the blue and famous Golden Rod copies, it looks the same except on the back there
is analysis that says, the last sentence of the analysis says, “this amendment removes the two year time

period to raise the private money’.

Steve Bolton, Corporate Counsel

The analysis is prepared when the Legislation is first introduced. Last week, in Committee, the Committee
decided to make an amendment. There was no request of my office to prepare any modified analysis. The
amendment that the Committee was proposed was merely to add the language that is at the bottom of the
page in bold italics. In reviewing that proposed amendment, my office determined that if that language was
to be added in the paragraph ahead, which had previously said that the only amendment was to delete the
struck through language, merely putting this at the bottom did not explain what it was doing at the bottom.
So we added, in the blue copy, where it says, “In adding the bold italicized language” that was done in
order to effectuate what the Committee had intended. We were never asked, nor did we undertake, to do a
different analysis.

Alderman Jette
Thank you for explaining. Is the Golden Rod copy trashcan material?

Attorney Bolton

Essentially yes.

Board of Aldermen 2-12-2020 Page 13
Alderman Jette

So could | speak on that? The reason that Resolution, the R-20-001 was presented is that the original
Resolution authorizing bond says will expire tomorrow, February 13" unless $4 million dollars in private
funds have been raised. So unless we amend that original Resolution it is going to expire tomorrow unless
we resurrect it somehow the project be at least interrupted. So | know that a lot of people have talked
about how the original Resolution was that the voters passed and that we passed two years ago was $4
million dollars in private funds had to be raised in order for the project to go beyond tomorrow. It expired
unless the $4 million was raised. A lot of people are pushing that we do that, that we allow it to expire, but
there are a lot of people who have spent a lot of time, you know, volunteers, who have spent a lot of time
trying to get this project off the ground. | would be reluctant to pull the rug out from underneath them to
allow this thing to expire tomorrow.

But the other night, and | know the Capital Campaign Committee is trying to raise $2.5 million dollars and
they feel that they are getting close to that and they are assuring us that they are going to succeed in doing
that because they are about to get the fruits of all of their efforts, | don’t want to stop them. But the truth is
you have to raise $4 million not $2.5 million but $4 million. And the project has changed since we were first
looking at a couple of years ago. The project initially was that we were going to build it on the second and
third floors; the first floor was going to be used for retail service, we were going to get rent for the retail.
That part of it, | assumed would generate some real estate property taxes. That has been changed; it is
going to be build on the first floor. It is going to be bigger than what we talked about and it is going to cost
a lot more money than what we talked about. The sources of that money that have been identified by
Director Cummings, include $4.2 million dollars in New Market Tax Credits. So as it is presently structured,
if we don’t get those New Market Tax Credits, we didn’t get them last year, we were hoping that we would,
but we didn’t get them. And we are hoping now to get them this year, and that would be announced
sometime this summer.

So let’s be honest with ourselves and with the pubic, if we don’t get the $4.2 million dollars in New Market
Tax Credit, we are going to have - as Director Cummings would say, “A robust discussion” about how we
are going to come up with the money. | think when this project first started we weren’t talking New Market
Tax Credits but then | think that came up after this project started and became available and Director
Cummings jumped on it. But that program is about to expire, if we don’t get it this year they might not be
available to us at all.

| think what | would like to do, | am in favor of extending the time, | originally said, “Let’s extend it to August”
and Director Cummings pointed out that that was too close to when the New Market Credits announcement
would come out and may harm our chances of getting the New Market Tax Credits. The people who
allocate this money see that our Resolution may expire before it closes. So you, Madam President,
suggested that we extend it out to August of 2021. | would like to move to amend the date to make it
November 30, 2020. That would allow us to find out whether we are going to get the New Market Tax
Credits or not. And if we get them, fine. We are all set. If we don’t get them, then | think we owe it to
ourselves and the public to talk about how are we going to replace that money and whether or not we are
willing to go ahead with this project. It is going to cost us not just $15.5 million dollars in borrowing money
but $19 to $20 million more.

If we don’t get the New Market Tax Credits and we decide we still want to go ahead with this project and we
identify the source of the funds then we can come up with a new Resolution. But! think by making it
November 30, 2020, that gives us time to do that, it gives us time to explore the alternatives and make a
decision. It also gives us the opportunity, if we decide we don’t want to go ahead with this, to terminate it
without to continue to spend money on something that may never happen. So | would like to amend what is
before you by changing the date of August 31, 2021 to November 30, 2020.

MOTON BY ALDERMAN JETTE TO CHANGE THE DATE TO NOVEMBER 30, 2020

Board of Aldermen 2-12-2020 Page 14
ON THE QUESTION
Alderman Clemons

Thank you. I’m not going to support the amendment to put it to November 30". And the reason being is it
is two-fold. One, | don’t think that provides us enough stability for the New Market Tax Credit to my own
opinion. | think that puts everything to jeopardy and maybe | am speaking out of turn because | don’t have
the facts. But | would say, however, that the further out we go, the better off we are going to be when it
comes to those as far a question mark is concerned.

The second reason | am not supporting this is regardless of what date we put on the end of that, of course |
feel the further the better. But regardless of what date we put on the end of that, if we don’t get the New
Market Tax Credits, we are going to have to have this conversation anyway. But we can’t have this
conversation unless we extend the deadline somewhere or another. My preference is to go out until
August 31°, add the 18 months because that way if we somehow do not get these Tax Credits, at least the
project is still considered “shovel ready” and you know, it is not going to expire in a few months, it is going
to expire in a year from that point in time. So | would urge my colleagues not to support this.

Alderman Tencza

Just a point of clarification, Madam President, Alderman Schmidt made the motion to amend and for final
passage. So right now we are just on the amendment that came from the Budget Committee, debating the
amendment that came from the Budget Committee, whether we are going to accept that amendment. If we
accept that amendment then we will have a full discussion on the Resolution?

Attorney Bolton

Right now what is before us is Alderman Jette’s motion to change the date to November 30", 2020. After
that, what will be before you, depending on whether that motion passes or fails, you will be talking about
substituting the blue copy which is essentially which is what was done at the Budget Committee, either with
or without the change of date as proposed by Alderman Jette. Whether you want to substitute that for what
was originally put before you back in January. That will either pass or fail and then you will be voting on
whether, presumably other amendments could get made, but as the state of play right now is, once you
dispose of the amendment to the amendment, you are back to either what we call the main motion which at
that time will be either as originally presented back in January or as you’ve amended it tonight in those one
or two changes.

Alderman Tencza

Madam President, because | don’t think it is appropriate right now, I’d like to have more about the New
Market Tax Credits. But | think it is just on the amendment | will hold off and maybe Attorney Bolton can
give me like an explanation all by himself.

Alderman Lopez

Two things, first | guess the point of clarification, | guess Alderman Dowd is Chairing the Committee. |
thought the Committee, | was watching from home, | thought the Committee went around like a ton of
amendments and then ultimately concluded it was too late, all the amendments were coming out of
nowhere and so they voted to just move forward with the originally proposed amendment so that we could
then come up with a timeframe and amount that was specific to what the fundraising committee
suggested?

Board of Aldermen 2-12-2020 Page 15
Alderman Dowd

First of all, | will not support any additional amendments, | think that puts us at risk. We went round and
round and round with numerous different types of amendments and it got to the point of we weren’t getting
anywhere. Alderman Wilshire made an amendment to do what is on the this blue copy, everybody agreed
to it unanimously and | think that we ought to vote on this, get it passed and move forward.

Alderman Lopez

Thanks for answering my question. So | am sympathetic as to what Alderman Jette is proposing because
we have the opportunity to review, in the fall the New Market Tax Credits. It’s not like this came out of
nowhere. In 2018 we all met and we all talked about this, we talked to Betsy McNamara. | definitely
remember bringing up the fact that there were not two full years and the amount that was being raised was
already looking different and | believe it has been confirmed since then that we don’t need the endowment
so we need a far smaller number. These were issues that | believe were known and then in the ensuing
several months, all we got was “this needs to be a quiet phase, this needs to be something that isn’t
publicized”. This is the loudest quiet phase I’ve ever heard of in my life. This whole process of “we are not
going to announce what our numbers are or who our donors”. | can understand the donors, but we haven't,
as a Board, been getting any updates as to how much money was being raised by the private fundraising
committee and we weren’t scaling that against what they actually needed to fundraise, versus what we
imagined that they needed to fundraise at the beginning.

So all of that was in the play these last two years. There was much discussion on this Board about, you
know, what’s going with the New Market Tax Credit. How come we haven’t seen a report from Director
Cummings lately? | thought the estimate was that we would have numbers in August and all of this back
and forth but we didn’t meet to talk about this and make any decisions about the amendment. So | can
understand where Alderman Jette would say maybe we should wait 18 months is because what is likely to
happen is no conversation until 17 7% months and then we will have “It is expiring tomorrow and we need to
do something right away”. So | am not against figuring out a way forward so that we don’t lose everything
that’s been invested but do think it is important to include some kind of inception part. As it is written right
now, the blue amendment gives the Mayor the ability to say, “We did it, we reached our goal. | am now
announcing that we will move forward with the bond”. But it doesn’t have anything built in to clarify that the
Aldermen intend to actually review the situation. And we have a track record of not having done this over
the past year.

Alderman Clemons

Maybe you misunderstand what is here but it says that “nothing can be done until we’ve raised $4 million
dollars in private funds, including New Market Tax Credits’. So the Mayor can’t just arbitrarily decide to
move forward with the project unless there is $4 million dollars to show for it. So you know, | don’t
understand where you are coming from but what you said is not what it reads. What it reads is that $4
million dollars has to be raised in order for this to move forward.

Alderman Lopez

So | didn’t say they Mayor could arbitrarily do anything, | specifically said that the Mayor could declare that
we had actually gotten the money. | was not inferring the Mayor would lie, that’s the only cut off point. So |
get that the Mayor can say there’s victory, but there’s nothing built into this that says we will agree to
actually review it and see if there’s anything. The second point | raised is $4 million dollars is about to
become a dinosaur, there is $4 million dollars that we need to raise, but as a private fundraising vehicle, we
could focus on just the amount that they have to raise for the endowment and say, if I’m remembering it’s
like $1.2 or something along those lines, in that range. Why not focus on just that part and then as
Aldermen look at the rest of the cost. Because we are going to have to anyway. If we get the New Market
Tax Credit we may still have a shortfall.

Board of Aldermen 2-12-2020 Page 16

So why wouldn't we look at the bond itself and say, “We need to amend the bond at some point” and why
wouldn’t we plan on doing that now rather than waiting 18 months and the only way out of this for
everything to succeed for 18 months to be passed, versus having a way of saying, “OK well we know that
we’ve raised the private fund money, they did it, they reached their goal”. | think by lowering the amount
we probably could accelerate their completion of that. Then we could start facing the reality that we
probably will have to bond more of this. And rather than doing nothing until 18 months have passed or until
we do get New Market Tax Credit, why don’t we do something to move this project along before it becomes
more expensive.

Alderwoman Kelly

Thank you. | will not support the amendment by Alderman Jette. | appreciate a lot of the concerns that
have been brought up. This is not the last time we are going to talking about this. | know that there is a lot
of pieces that need to fall into place to (inaudible) it is not unusual for project of this caliber. Justa
Clarification that the 18 months has come because the Committee, the Capital Campaign Committee had
said two years, what we were given, we weren't able to start until July can we have the rest of that time?
And | think given that they have the momentum, that we’ve invested a little bit over a million dollars, that’s a
fair thing to allow them to continue to do the work that they are doing.

And it’s not only that but there are volunteers also on the Steering Committee that have done the kind of
work on figuring out how this going to work. So | will not support that | think the 18 months is reasonable.

Alderman Klee

Thank you | am going to echo what Alderwoman Kelly just said. What | won’t really talk to is that the New
Market Tax Credits until we get there. | do want to point out that we did only have about 6 or 7 months to
work on it. Giving them the extra 18 months gives them the whole 2 years which is what we promised
them. And somewhat to the New Market Tax Credits, | know it’s kind of bantered about at the beginning
that we may or may not get it. And | agree, | don’t have a crystal ball. So in that respect though | did a lot
of homework and the area that they are talking about, from French Hill all the way through the Main Street
all the way down is what is referred to as the Severe Distress Area. It’s one of few severely distressed
areas. So it’s called eligible NMTC Severe Distress which does kind of follow up to the top of it. Again we
don’t have a crystal ball, we don’t know if we will get it. They didn’t get it last time around. | am hoping that
because we didn’t get them the last time around we are more eligible for it. | don’t put all my eggs into that
basket though. | do think the conversation as far as the $4 million dollars and so on, | think it is too soon to
do that | think we should find out whether or not we get the New Market Tax Credits and | think we should
talk about it then. Same thing with the bond, until we have a full notice as to whether or not we are going to
get the New Market Tax Credit, | think we should premature to try to push money up in the bond and so on.
And the one thing | really want to say, the shorter window that we give them is $2.5 is we put other
donators in jeopardy because they are going to feel that we don’t have confidence in this. | think by
showing that we do have confidence by giving them the promise from the beginning, we will give the
confidence to them. We have already heard that two people have approached to speak about possibly
making donations and so on. | think we need to let the momentum grow and give them what they need.

Alderman Caron

Thank you. | won’t support this 6 month extension, | think the 18 months is really worth it. And as | said
last week, if you take out that $4 million dollar need, | will not support anything. And | think the problem that
everybody seems to be talking about is the New Market Credits. When that amendment was put in, 2017
or whatever it was, it said $4 million dollars of private donations. It didn’t say New Market Credits, it didn’t
say this grant, it said come up with $4 million dollars. It didn’t matter how. So to keep saying that this group
who are trying to raise this money only needs $2.5 million dollars is really not true, because how can you
support something that you are asking for $4 million; hoping that you are going to get New Market Credit.
And | have to agree with Alderman Lopez, we never got an update as to why we didn’t get them.

Board of Aldermen 2-12-2020 Page 17

So that’s not a guarantee, you know? So we keep talking about that, but really the campaign fundraising is
for $4 million dollars. And | agree also and | won’t elaborate, but we don’t get any information you know
about what we have in the bank. Oh | hear this, | hear that; and it’s not fair to the Board because you can’t
make a great decision and it’s not fair to the public, especially those who are not in favor of this because
they feel we are just not getting told what is happening out there. And | worked on a campaign for the City
for a project and the minute the gentleman came out and said, “I want my name in lights” we said, “can we
use your name” and when we did, more people came out and made donations, because they trusted that
person, they believed in the project. We don’t know anything, | mean other than Bank of American and
then Enterprise Bank comes out? You know people want to get their name out when they are making
these kinds of donations for this. We are a public entity it’s not like the Y trying to do a major campaign
project. We are a public entity so we have a responsibility to the people here. So | won't vote for your
short term extension. | don’t mind the 18 months, | don’t mind giving them more time but | will not as long
as | am sitting here, will not vote if there is not $4 million dollars in the bank. | don’t care about the manager
| don’t care about — that $4 million dollars was there to make sure people were involved in this project and |
have lived through a lot of projects that died because once the public walked away we did nothing. Thank
you.

Alderwoman Lu

| want to just point out, | don’t understand what some of you are basing your resistance to the, what you call
the short-term, because | was for something being sent through the end of the year. So is it just a sense
that you need a longer term? | mean it would be easier, | actually tried to get that information, if they are
giving out the tax credits some time during the middle of the year, | don’t understand why you would
jeopardize, if our bond is contingent on funds being gathered by December 1°". It is way past the time when
the New Market Tax Credit, for instance, will help and build up. There has been a lot of just poor
communication and it is just built into feelings from the resident. But for instance in 2018 at one of the
Committee meetings it was said that we are actually meeting with people now, we are having face to face
conversations now. This was 2018. Then in 2019 in July we were told that the Capital Campaign
Committee is doing really well. But now we find out they didn’t really start until September. So it’s just ...
and if you are not putting all of your eggs in that basket where else are you putting those? | just want to
know what are the options that you are working on if this doesn’t pan out.

Alderman Laws

Thank you Madam President, if it’s ok with you, | see him sitting in the corner over there and | would like to
just ask Director Cummings if it is even a possibility that we can, if Alderman Jette’s amendment would
jeopardize our qualification for the New Market Tax Credits, regardless of whether or not we agree with the
process of the New Market Tax Credits. | mean it be a non-starter anyways if we can’t get them because of
that time period.

President Wilshire

Director Cummings did you want to answer that question for the Board please?

Tim Cummings, Director of Economic Development

For the record, Tim Cummings, Economic Development Director, | would not recommend that you move
forward with the Jette amendment at this time, it is too short of a window. In my opinion, | think it would be
not giving this Committee enough time for whenever those announcements are being made.

Alderman Laws

That being said, would it disqualify us from competing for the New Market Tax Credits if we were to pass
Alderman Jette’s — I’m just curious.

Board of Aldermen 2-12-2020 Page 18

Mr. Cummings

So if you were to pass the Jette amendment and New Market Tax Credits were announced and they were
announced not in the timeline that we are discussing, then the City would not be in a good standing or a
good position to actually be a recipient of the New Market Tax Credit.

Alderman Laws
Thank you.
Alderman Tencza

So I’m not going to talk about the New Market Tax Credits now because we’ve talked about it so much. So |
think what the Board needs to realize is that in order for a project to qualify for New Market Tax Credit there
has to be this funding gap. So if we were to do what Alderman Lopez suggested and increase the bond,
then we would no longer be eligible for New Market Tax Credits. So that’s why | think there hasn’t a
discussion about increasing the bond or finding some other source. Also | don’t know there is the will of
this Board to increase the bond past the $15.5 million dollars.

So let us say that we don’t get the New Market Tax Credit this round. If we adopted a timeline where once
the end of summer comes and we don’t have the $4 million dollars, $6 million dollars, then again the New
Market Tax Credits aren’t necessarily the be all end all. We can think of and try to find other ways to fund
the shortcomings and maybe our fundraising is doing better than we expect and they raise $4 million
dollars and we only have to make up $2.5 million dollars. We can find a way to do that through grants or
other programs.

| understand the want to keep this on a tight timeline, but | think we also need to realize, like any project,
somebody mentioned, you know, construction of the Y or the Capital Campaign. Groups have to make
decisions and plans change and you have to be a little bit flexible. So | think that this 18 months that
President Wilshire suggested at the Committee meeting gives us the flexibility. It doesn’t mean that we
can’t address this later this year, again anytime anyone brings up a piece of legislation before this Board
we have to address it. But the 18 months gives us an additional of time for people to raise money, for the
Board and the Community to maintain decisions going forward, how we want to deal with this project. You
know, if | went back and looked at the meeting notes from 2017 when the timeline was put in place,
Alderman Siegel at the time suggested that two year time period.

He did say at that time he was concerned about this piece of property just sitting out there and not
collecting tax dollars for the City. At our last community meeting he talked about his reasoning for that,
which is not necessarily borne out in the minutes of the Board of Aldermen meeting. He didn’t quite say,
well | was told you know, we wouldn’t be able to raise this $4 million dollars in just two years. He just said,
Sometimes within 2 years, we should you know, this should be the time line and people agreed with him.
So again that two year time period that was put in place in 2017 was doing exactly what it was intended to
do. It is making us re-look at the bond and how we are going to move forward with the project. We've
made so much progress now on the project, it doesn’t seem like we need to come back, well it seems like
another 18 months will be a good time period. We can have another discussion at that point if necessary.
Hopefully we will get these New Market Tax Credit, the money is raised and the project goes forward and
we start construction this fall.

Alderman Dowd

Just two things, one | believe that this amendment had been vetted by Legal and Bond Counsel. And | may
be wrong and | will let Attorney Bolton cover it, but if we make an amendment to this, | think it has to go
back for Legal review and come back to a future Board Meeting. That’s ridiculous in my mind. So we have
a deadline of tomorrow. The other point is that the New Market Tax Credits, there is no set date and time
that they are going to be reviewed and we need that flexibility, you know, this is Federal Funds.

Board of Aldermen 2-12-2020 Page 19

We all know how flexible that is so we have to be available, we have to have the Legislation in place and
we have to be there when the funds are available in order to get them. So | was going to make a motion to
move the question but | think Attorney Bolton can clarify.

Attorney Bolton

The amendment proposed by Attorney Jette would not require us to hold another Public Hearing on this.
There would be amendments that | can imagine that would require that. But shortening this time frame
would not require another Public Hearing.

Attorney Dowd

In that case and based on the fact that the other night at the Budget Meeting we rent round and round and
round like this, | make a motion to move the question.

MOTION BY ALDERMAN DOWD TO MOVE THE QUESTION
MOTION CARRIED

President Wilshire

The motion before is to further amend by changing August 31, 2021 date to November 30, 2020.
A viva voce roll call was taken which resulted as follows:

Yea: Alderwoman Lu, Alderman Jette 2

Nay: Alderman O’Brien, Alderman Klee, Alderwoman Kelly, Alderman Dowd,
Alderman Caron, Alderman Clemons, Alderman Lopez, Alderman Tencza,
Alderman Schmidt, Alderman Laws, Alderman Cleaver,
Alderwoman Harriott-Gathright, Alderman Wilshire 13

MOTION FAILED
President Wilshire

Back to the blue copy, | will entertain further discussion on that.

Alderman Lopez

To clarify | had sympathy for what Alderman Jette’s concerns were because with reference to what
Alderman Lu was pointing out, | am concerned that we are planning on waiting until the end of the 18
month period. | know people can say, like, No, we will just keep an eye on this. | would like to ask Attorney
Bolton what points of discussion we actually have. What Legislation can you foresee? Do we have to
extend the contract? Or do we have go authorize New Market Tax Credit Application. Do you foresee
within the next couple of months any renewed opportunity to revisit this Legislation without building into or
as an amendment?

Attorney Bolton

You could introduce Legislation at the next meeting to require that you get monthly reports. You could
introduce Legislation at the next meeting to require the Economic Development Director to appear before
you at two week intervals to let you know what has happened. If you want to have more meetings and
more discussions on the subject you are perfectly able to require that and not be any amendment to this
Legislation but by scheduling meetings of an appropriate Committee and asking him to come. If you want
to give it even more force Legislation.

Exhibit A
NASHUA 16314 — East Hollis & Bridge Street Intersection Improvement Project
Scope of Work and Task Descriptions
Amendment 1
September 30, 2021

Phase 2 — Preliminary Design

Phase 2A — Preliminary Plans and Estimate

Preliminary Plans will be developed based on the preferred alternative. These plans will include
the following sheets developed to a 60% level.

1. Title Sheet and Index
2. Standard Symbols Sheets

3. Typical Sections — Typical Sections of each roadway will be developed. These sheets
will indicate lane widths, shoulder widths, sidewalk treatments, cross slopes, curbing
materials, turf establishment, and pavement and base course depths.

4. Details — The following details are anticipated for this project:

Sidewalk ramp details

Drainage pipe and structures
Water Mains, Valves, and Hydrants
Driveway

Curbing

Pavement Match

Lighting Foundation

Landscaping

Erosion Control

Sign Text Layout Sheets

5. Existing Conditions Plans — Plans will be completed at a scale of 1” = 20’. The plans will
include detail and notation of existing features including right-of-way (including existing
easements) and utilities.

6. General Plans — Plans will be completed at a scale of 1” = 20’. The plans will include
existing and proposed features, including such items as curbing, drainage, driveways,
right-of-way, and utilities. Notation of existing features will not be shown. The plans will
also include construction notes and limits of temporary easements. Separate drainage
and utility plans are not anticipated.

7. Profiles — Roadway profiles at a scale of 1” = 20’ horizontal to 1” = 4 vertical scale will
be prepared indicating the centerline profile of each roadway. These sheets will be
separate from the general plans.

8. Pavement Layout Plans — Plans will be completed at a scale of 1” = 20°. The plans will
include horizontal geometry, lane and shoulder widths, and limits of curbing. Sidewalk
widths and geometry will also be included. Curb marks and curb summary tables will be
added to these plans as part of the PS&E submission.

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