Approval 1:
Approval 2:
Approval 3:
Approval 4:
Approval 5:
Approval 6:
Approval 7:
New Markets Tax Credit (NMTC)
Nashua Performing Arts Center
Anticipated City Approvals
Create 2 RSA 162-G:15 Voluntary nonprofit Corporation, Nonprofit A & B
R-19-136 (introduced and in process)
A) Loan $xxx to Sr. Leverage Lender Nonprofit A
B) Grant $xxxx to QALICB Nonprofit B
C) Agreements among QALICB, City and Sr. Leverage Lender
D) Authorize Mayor to execute all necessary documents related to City’s participation in
NMTC deal
Authorizing Transfer of title to 201 Main Street to QALICB Nonprofit B
Consideration $2,000,000; closing to take place contemporaneously with NMTC closing.
Authorizing the City to enter into a Lease with QALICB Nonprofit B for 201 Main Street
as Master Tenant
Authorizing the City as Master Tenant, to enter into an Operator Agreement with
Spectacle Management
Create Board of Trustees for the Performing Arts Center
Creation of Trust Fund/Special Revenue Account
Note 1: $15.5 million bond authorized by R-18-001, as amended by R-18-09.
May 20, 2019
