Special Bd. of Aldermen — 12/20/2018 Page 9
Mr. Cummings
So to answer that question, the answer is yes we are very much looking to sell those naming rights and
wherever we can sell those naming right, whatever entity, we are looking at regional actors, we are looking at
actors in Boston, major corporations that might have a presence here but have a headquarters in Boston in
particular. We have been in active conversations with them.
President Wilshire
All set Alderman Dowd.
Alderman Dowd
Yes all set.
Alderman Klee
Mine is going to be quite easy. These slides, is there any way that we can get them electronically? As much
as | love this, | can’t see it.
Mr. Cummings
Sue Lovering already has them.
Alderman Klee
Oh she does, ok so we will get them, thank you so much.
Alderwoman Kelly
| just have a quick actually | guess this is for Corporation Counsel, is there a difference between selling the
bond and using it in terms of, | think the wording says — no money shall be spent.
Attorney Bolton
| don’t think any of this is a problem that we have to worry about. These transactions don’t take place until you
have commitments everywhere. Then go down the checklist and everything happens in a matter of days if not
hours. Once we know we will have the tax credits to sell, we may not know the exact figure we are going to
get, but we know it is going to be over $4 million; we are pretty sure it is going to be over $6 million. So we
then have the commitment for the private funds, we sell the bonds, we put that money into the pot and the
transaction closes. So it all happens virtually simultaneously and we have assurance that the private
investment is going to be there.
Alderwoman Kelly
Thank you that was a really great explanation.
Alderman Lopez
So my question is more about the process of public involvement, so | know Alderman Melizzi-Golja showed a
lot of leadership in making sure that we did get this presentation before the Board so that we are all familiar
with what is going on. But we didn’t have it before, we had the discussion about the last amendment. It said in
the video it was very important to be speaking in person, often and very transparently and | think that is
