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  2. Board Of Aldermen - Minutes - 5/20/2019 - P23

Board Of Aldermen - Minutes - 5/20/2019 - P23

By dnadmin on Sun, 11/06/2022 - 22:39
Document Date
Mon, 05/20/2019 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Mon, 05/20/2019 - 00:00
Page Number
23
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__052020…

NASHUA PERFORMING ARTS CENTER

TABLE 2: DEAL DIAGRAM/FLOW OF FUNDS

TOTAL PROJECT COST: $ 19,217,500
"EQUITY": $ (4,517,500)
AMOUNT FINANGED VIA NMTC: $ 14,700,000
CITY OF NASHUA 4 —16.000.000 BOND
$ 4,517,500 | $ 10,482,500 | Debt Sernice PURC HASER

Bervice Payments

SENIOR LEVERAGE LENDER Loan
10,482,500 INVESTMENT FUND
SS : : EQUITY INVESTOR
NON-PROFIT "A" Annual Interest eee oe ol $ 4,972,500
I Payments LOAN + NMTC EQUITY $ 15,455,000 NMTCc: $ 4,972,500
UPPER TIER FEES: $ (455,000)
$ 15,000,000
NMTG‘s
$ 5,850,000
Additional Bong Proceeds
$ 4,517,500
QE! Interest Payments

$ 15,000,000

Principal Payments

Sub-CDE
QEI: $ 15,000,000
FEES: $ (300,000)
Projected dollar amounts are $ 14,700,000
estimates and subject to change
based on credit pricing and final deal
structure. QLICI Loans Interest Payments ee
Loan "A": $ 10,482,500
Loan "B": $ 4,217,500
$ 14,700,000 NON- NMTC GOVERNANCE
NON-PROFIT
M Le
QALICB/OWNER a City of Nashua CHARITABLE
— nease Payments = ¥ ORGANIZATION FOR
NON-PROFIT "B Debt Senice MasteryTenant FUND-RAISING
y $ 4. o8 Entity D
EQUITY/GRANTS 23.5% Operating Agreement
Additional Bond Proceeds: $ 4,517,500
+ v
Operator Board of Trustees
bpectatcle Managemen Operating Oversight
Entity C

Page Image
Board Of Aldermen - Minutes - 5/20/2019 - P23

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