it would likely be an affiliate of the Leverage Lender. [t would be
the building owner.
o Master Tenant. This would be the City of Nashua, which would
serve a limited purpose solely to preserve the “public Purpose’ of
the bonding and, if necessary, allow “rebate” of Property taxes via
payment of administrative fees to QALICB.
These conferences will be expanded to include NMTC counsel at the appropriate
time.
More specific tasks include the following:
© Initially, the Consultant will focus on the creation of 2 project profile. This
document, which will become the basis for “selling* the project to
potential CDE’s, will focus on the following elements:
o Acompelling narrative that focuses on the need for the project,
its economic and community impacts, and its consistency with
NMITC program goals.
® Cheshire County Courthouse {$10,400,955}, This project was a major
was conceived in order to address a significant shortage of health care
services — particularly for low and moderate income residents - of a 12
town region. it was funded by several sources, including an NAATC
allocation from Coastal Enterprises/CCML, a Community Development
Block Grant (CDBG) that was passed through the NMTC leverage mode,
and a Leverage Loan from a consortium of three local banks. Most
significantly, these banks also served as equity investors and purchased
the NMTC’s for the project.
PROPOSAL TO PROVIDE NEW MARKETS TAX CREDIT CONSULTING
SERVICES TO CITY OF NASHUA
RFPO265-0220i18
PROPOSER: William C. (“Niel”) Cannon, Finance and Development Consultant
29 Old Bristol Road, New Hampton, NH 03256
(603} 496-0214
Sole Proprietorship
EIN: Not Applicable (Sole Proprietorship). Proposer will furnish W-9
and Social Security Number upon specific request of the City of
Nashua.
CONTACT
INFORMATION: See Above.
2. Prior NMTC Eni
The City will consider all timely-received written questions and requesis for
change and, if reasonable and appropriate, will issue an addendum to clarify or
modify this RFP. Answers to yendor submitied questions and other addenda will
be posted under document RFPO265-022018 on the City of Nashua websiicy
wwwnashuunh.poy, under Services, Bid Opportunities: Current Bids and to Bid
Express no later than Thursday. February 15,2018 at 3:00 P.M.
*
6. Assist or help the city understand the compliance with all terms, covenants, and
agreements contained in the NMTC joan agreement, indemnification agreement. guaranty
agreemeni(s), community benefits agreement. etc.
iV. Qualifications
The Respondent must have extensive experience and proven track record in providing the
services described above including obtaining allocations for successfully executed projects,
(Entities that have their own allocation are eneouraged to respond).
V, Submission Reauirements
A. Content
The City af Nashua assumes no liability for the payment of costs and expenses incurred by any
bidder in responding to this request far bids. All bids become the sole properly of the City of
Nashua. This request for bids is not a contract and alone shall not be interpreted as such but
rather serves as an instrument through which hids are solicited.
©) THE CITY OF NASHUA "The Cate City”
A Fannie NVervices
Prrsesian |eparnient
February 6, 2018
Reguest jor Proposals
New Markets Tax Credit (*NMTC") Program Consuliant
RFPO265-022018
The City of Nashua, NH, herein referred to as “the City”, is seeking an individual or a firm
(“Entity”) experienced with the federal New Markets Tax Credit (“NMTC") program to provide
consulting services to the city relating to a specific redevelopment project, for which the City
hopes to obtain a NMTC allocation.
