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  2. Board Of Aldermen - Agenda - 1/14/2020 - P29

Board Of Aldermen - Agenda - 1/14/2020 - P29

By dnadmin on Sun, 11/06/2022 - 23:17
Document Date
Fri, 01/10/2020 - 11:22
Meeting Description
Board Of Aldermen
Document Type
Agenda
Meeting Date
Tue, 01/14/2020 - 00:00
Page Number
29
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_a__011420…

4.12.1 CDFA does not require worksite signage be erected for
construction/renovation projects; however, if a sign is erected the CDFA logo must be
included. CDFA logo may not be any smaller than 50% of the size of the largest logo
displayed.

4.12.2 Organizations using websites to solicit tax credit purchases must include
the CDFA logo and a link to the CDFA website.

4.12.3 If none of these are applicable or feasible, an alternative display of the
CDFA logo or public recognition agreeable to CDFA.

4.13 Grantee Certification: All agreements between CDFA and Grantee shall be executed
by a person duly authorized by the Board of Directors of the Grantee, evidenced by a
certificate (the “Certificate”) and returned upon execution of the Contract.

4.14 RSA 162-L Restrictions: CDFA is providing the tax credit funding in accordance with
RSA 162-L, as amended from time to time. Any future amendments to RSA 162-L may alter
CDFA’s ability to provide the funding covered by the Contract. In the event CDFA ceases to
exist as an agency of the State of New Hampshire, to the extent permitted by applicable law,
the rights and obligations hereunder shall be transferred to another agency of the State of
New Hampshire to continue to administer the terms hereof.

4.15 Default: A failure on the part of the Grantee to successfully complete the terms of
this Contract shall be considered a default, which may result in a loss or reallocation of tax
credit funding and may impact Grantee’s ability to qualify for future grant rounds. Should
the agreement be terminated due to a default based upon the inability of the Grantee to
perform or complete the Project, it is within the authority of the CDFA to request the return
of grant funds, and the disposition of the returned Grant funds shall be determined solely by
CDFA.

4.16 Conflict of Interest: Conflicts of interest or the appearance of such shall be avoided
in order to ensure public confidence in the expenditure of state funds. No officer, member or
employee of the Grantee or Subrecipient shall participate in any decision relating to this
Agreement, which reflects his or her personal interest or the interests of any corporation,
partnership or association in which he or she is directly or indirectly interested, nor shall such
person have any personal or pecuniary interest, direct or indirect, in this Agreement or
proceeds thereof.

5. Special Conditions

Grantee shall provide CDFA with a final project design and project sources-and-
uses budget by April 1, 2020.

6. Reporting Requirements

6.1 Tax Credit Annual Status Report: For each year this Contract is active, the Grantee is
required to report on the Project’s progress as well as information that addresses the
Project’s goals and outcomes, financial data, and any special conditions as proposed in the
application, and as identified below. The report shall also include a narrative on the

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Board Of Aldermen - Agenda - 1/14/2020 - P29

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