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  2. Finance Committee - Agenda - 5/16/2018 - P90

Finance Committee - Agenda - 5/16/2018 - P90

By dnadmin on Mon, 11/07/2022 - 11:39
Document Date
Wed, 05/16/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 05/16/2018 - 00:00
Page Number
90
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__051620…

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Economic Feasibility analysis and modeling.
Strategic Planning.
9 Real Estate development from planning and permitting to construction.

A summary of recent projects is provided below.

Capital Regional Development Council (2008). Prepared successful CDBG application

($500,000) and relevant documentation regarding $18,000,000 rehabilitation of historic
Monadnock Mills in Claremont. This complex project involved New Markeis Tax Cradits,
Historic Tax Credits, CDBG, and bank/equity financing.

Neison, Kinder, Mosseau & Saturley (2008). Provided expert defense testimony
regarding appropriate financial underwriting standards for mission based lending.

speare iviemoral Hospital (2008). Assembled complex $9,400,000 financing program to
Support consiruction of 34,000 square foot state-of-the-art Medical Office Building.
Financing involved $2,600,000 in equity and $5,800,000 in debt via the New Markets Tax
Credit Program, resulting in an interest rate of 3.8% and residual equity of over
$2,400,000

Sullivan Gounty, New Hampshire (2008). Administered a $590,000 Goramunity
Development Block Grant awarded io Sullivan County and sub-granted to Capitai

Regional Development Council in conjunction with the $18,000,000 rehabilitation of the
historic Monadnock Mills in Claremont.

New Hampshire Business Finance Authority (2009 io 2014). Prepared comprehensive

appication to U.S. Department of Treasury, Community Developreent Financial
Institutions Fund, for an allocation of New Markets Tax Credits. Developed
implementation strategy for deployment of credits to spur development and
redevelopment in New Hampshire's most distressed communities.

Following award of credits, Mr. Cannon served as a special consultant to NHBFA in
deploying credits and assisting applicants is structuring deals. These deals resulted in
the award of over $68,000,000 in financing for projects located in four different
communities. For one of these projects (Cheshire County Courthouse in Keene) Mr.
Cannon developed a groundbreaking model/deal structure that allowed revenues from a
TIF Bond to flow through the NM7C structure, thus providing additional equity in support
of the deal.

New Hampshire Electric ra ng, (2010 — 2045). Successfully applied ior a
$15,800,000 grant from U.S. Department of Energy for deploying smart grid program,
including smart meters and advanced telecommunications system. Provided services in
conjunction with grant management and reporting.

Page Image
Finance Committee - Agenda - 5/16/2018 - P90

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