THE CITY OF NASHUA “the Gate City’
Economic Development
To: J. Donchess, Mayor/Chair of Finance Committee
From: T. Cummings, Economic Development Director
Ce: Members of the Finance Committee
Date: April 10, 2019
Re: Request for Approval of Fiscal Agent Agreement for the Performing Arts Center Project
The Office of Economic Development has been working with City Arts Nashua to develop a
Fiscal Agent agreement relative to the capital campaign efforts for the future performing arts
center.
The idea is to partner with an established 501 c3 entity while the development of a legal entity for
this specific project occurs. This partnership with City Arts Nashua will allow the project to take
advantage of the benefits of the tax exempt status while also developing a private (non-public)
structure, which is highly desirable from the feedback we received during the fundraising
feasibility study that occurred this past summer.
The Office of Economic Development recommends entering into this Fiscal Agent Agreement for
with City Arts Nashua.
