Special Board of Aldermen 09-28-2020 Page 10
Chairman Dowd
Ok thank you Mayor. Are there any members of the Board of Aldermen that have questions for any of the
presenters? | don’t see anyone.
Alderman Tencza
Alderwoman Lu, Mr. Chairman has her hand up.
Chairman Dowd
Alderman Lu? We can’t hear you, you must be on mute.
Alderwoman Lu
Can you hear me now?
Chairman Dowd
We can hear you now, yes.
Alderwoman Lu
Ok. The only question | have is | thought that we would be able to know the tax credits were — | mean the
tax credits seem a bit fuzzy. And this $2.5 or $5.5 million dollar bond seems to fill an amount that was
originally not predicted. So | am concerned about the understanding of the public about this. | am jumping
around to different desks So it is really hard for me. | wish | could speak more clearly but | don’t know when
| log into the meeting where | need to have my paperwork. So | just think we should consider it would be
nice to know that the tax credits were definitely received. | am not clear on whether they are.
Chairman Dowd
Why don’t we get the answer to that question first?
Alderwoman Lu
OK.
Chairman Dowd
Director Cummings?
Director Cummings
Yes, | can confirm for you that the New Market Tax Credits are imminently in hand and subject to the fact
that we close by this year, which is a big condition Mascoma has put on us. We are in receipt of a New
Market Tax Credit of what would not be more than $2.5 million dollars.
Chairman Dowd
Follow up, Alderman Lu.
