Minutes

Special Bd. of Aldermen — 11/26/2018 Page 14

Special Bd. of Aldermen — 11/26/2018 Page 13
Alderman Dowd

Is there anyone else that would be like to be heard in opposition to this? Please come up to mic and state your
name and address.

Special Bd. of Aldermen — 11/26/2018 Page 12

Special Bd. of Aldermen — 11/26/2018 Page 11

builders there is hazardous material. Also, no escalation cost, they figured starting date of March 2018. So
even those costs have question marks on them.

Special Bd. of Aldermen — 11/26/2018 Page 10

Special Bd. of Aldermen — 11/26/2018 Page 9

Mayor Donchess

The City Attorneys are fine.

Mr. Teeboom They said fine?

Mayor Donchess

Yes.

Mr. Teeboom Well | needed to ask you because | am convinced. | am not your legal counsel.

Mayor Donchess

The vote was only advisory | mean it wasn’t a binding vote. The vote went to the people it was kind of what do
you think?

Special Bd. of Aldermen — 11/26/2018 Page 8

Ms. Bell Absolutely, | spoke to some of those same people when we were investigating the Capital Campaign
many years ago. But! don’t want to be disillusioned and think that we have a bank account somewhere in the
City that has money in it when there is not. Yet we as a City do currently pay for operating costs of the
building, although they may be minimal of heat and electricity and that we do not yet have any funds for this.
So | just wanted to understand that fully.

Mayor Donchess

Special Bd. of Aldermen — 11/26/2018 Page 7

the 2-year clock start ticking today? And the clock is re-set versus February 20" of this year, or is still ticking
as of February 20t and you have a year and roughly four months to get that same amount of money? Just to
say that there will be tax credits involved after there is a design module submitted; so when does the clock
start?

Mayor Donchess

Special Bd. of Aldermen — 11/26/2018 Page 6

an authorized non-profit, recognized in the State of New Hampshire versus waiting to get New Market Tax
Credits?

Mayor Donchess

Special Bd. of Aldermen — 11/26/2018 Page 5

most sense to try to reduce the project cost and to just provide the flexibility to ... and again the Board of
Aldermen would need to approve some of this. We thought it would be best since we are here to try to create
the flexibility so that the Steering Committee and the Board of Aldermen of the City could decide how best to
allocate the $6.5 million dollars.

Testimony in Favor - None