Finance Committee

CuaNT

EXHIBIT A

‘WILLIAM C. ("Niel") CARTON, FINANCE AND DEVELOPMENT CONSULTANT

NEW MARKETS TAX CREDIT PROJECT EXPERIENCE

c. Fee for Service. The Consultant proposes a maximum fee of $63,450, based on
an hourly rate of $135.00. Estimated fee breakdown by task is as follows:

Sarvices Hours : Fea
General Consulting 150 $ 20,250
NMTC Allocation 150 S$ 20,250
Investors 50 § 6,750
Legal/Accounting 0 §
Closing 130 $ 16,200
TOTAL: 470 S 63,450

Consultant recognizes that, if insufficient progress is being made towards
securing an NMTC allocation, the vrark of the Consultant may be terminated
without prejudice.

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

nielcannonib@egmail.com

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

Exhibit C

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.

*