Approval 4:
Approval 5:
Approval 6:
Approval 7:
Approval 8:
Approval 9:
R-20-094
A) Authorizing a loan to 201 Main Street Financing Corp., in an amount not to
exceed $8,000,000, to be documented consistent with the requirements of the
New Markets Tax Credit program;
B) Authorizing payment to 201 Main Street Real Estate Corp. or a controlled
affiliate thereof, in an amount not to exceed $14,000,000; and
C) Authorizing necessary or advisable agreements among or between City, 201
Main Street Financing Corp., and 201 Main Street Real Estate Corp. and/or a
controlled affiliate thereof.
Authorizing the City as Master Tenant, to enter into an agreement with Spectacle
Management, Inc. for the operation of the Performing Arts Center.
Authorizing City to assign all City contracts regarding the Performing Arts Center
at 201 Main Street, including without limitation design and construction contracts,
to 201 Main Street Real Estate Corp. or a controlled affiliate thereof.
Authorizing City to guarantee the performance of obligations related to the
Performing Arts Center project to the Community Development Finance
Authority which is providing Investment Tax Credits for the project.
Authorizing City to guarantee loan(s) from one or more lenders to Nashua
Community Arts in an amount not to exceed $1,000,000, for the purpose of
providing bridge financing for charitable pledges from donors which are payable
at a later date.
Authorizing the waiver of all City building permit and inspection fees for the
renovations to 201 Main Street for the Performing Arts Center.
FURTHER RESOLVED by the Board of Aldermen of the City of Nashua that the
Mayor, or if the Mayor is unavailable, the President of the Board of Aldermen, with the
assistance of the Office of Corporation Counsel, is authorized to prepare and execute all
necessary or advisable documents related to approvals granted herein and as otherwise required
or advisable regarding the New Markets Tax Credit transaction and the related transactions
regarding the Performing Arts Center.
