Agenda

4.6 Indemnification: CDFA’s only obligation shall be to release funds to the Grantee in
accordance with the terms of this Contract. CDFA shall have no liability with respect to the
property, the Project, or the renovation, development, construction or operations
contemplated by the Project, and Grantee agrees to indemnify and hold harmless CDFA, its
officers and employees, from and against such cost, loss, damage, or liability suffered by the
Grantee and any and all claims, liabilities or penalties assessed the Grantee to the extent

2.3 Early Pledge Fulfillment: Donors may fulfiil Pledges at any time prior to the due date
agreed to in the Pledge Agreement. Donors will be issued tax credits for the SFY approved by
CDFA for that project.

2.4 Non-Collusion Requirement: The Grantee acknowledges that executed Pledge
Agreements will require that the Donors not enter into any agreement or other arrangement
with the Grantee or any other party to recoup, or in any way be reimbursed for, the pledged
tax credit funds that do not qualify for a tax credit.

Community Development Finance Authority
Investment Tax Credit Program Contract
Award No. 20-133-CDIP-CDED1

1. Project Allocation, Purpose, and Description

1.1 Project Award: City of Nashua (Grantee) is awarded $367,500 (the “Award”) in
Community Development Finance Authority (“CDFA”) Investment Tax Credit Program funds for
the Nashua Performing Arts Center project (the “Project”), with a net total to the Project
(after the standard 20% CDFA program fee) of $294,000 (the “Grant”).

R-20-002

RESOLUTION

RELATIVE TO THE ACCEPTANCE AND APPROPRIATION OF $294,000 FROM THE
COMMUNITY DEVELOPMENT FINANCE AUTHORITY INTO CAPITAL PROJECT
GRANT ACTIVITY “INVESTMENT TAX CREDIT PROGRAM FOR THE
PERFORMING ARTS CENTER”

CITY OF NASHUA

In the Year Two Thousand and Twenty

LEGISLATIVE YEAR 2020
RESOLUTION: R-20-001

PURPOSE: Second amendment to R-18-001 “Authorizing the Mayor and
City Treasurer to issue bonds not to exceed the amount of
fifteen million five hundred thousand dollars ($15,500,000) for
the Performing Arts Center located at 201 Main Street”

SPONSOR(S): Mayor Jim Donchess
Alderman-at-large Lori Wilshire

COMMITTEE
ASSIGNMENT:

FISCAL NOTE: Same as R-18-001

ANALYSIS

R-20-001

RESOLUTION

SECOND AMENDMENT TO R-18-001 “AUTHORIZING THE MAYOR AND CITY
TREASURER TO ISSUE BONDS NOT TO EXCEED THE AMOUNT OF FIFTEEN
MILLION FIVE HUNDRED THOUSAND DOLLARS ($15,500,000) FOR THE
PERFORMING ARTS CENTER LOCATED AT 201 MAIN STREET”

CITY OF NASHUA

In the Year Two Thousand and Twenty

APPOINTMENTS BY THE MAYOR

JANUARY 14, 2020

Animal Dog Park and Advisory Committee

Megan Villacis (New Appointment) Term to Expire: January 31, 2023
78 Beauview Avenue

Nashua, NH 03064

Conservation Commission

Joel Ackerman (New Appointment) Term to Expire: December 31, 2020
43 Woodcrest Drive
Nashua, NH 03062

Downtown Improvement Committee

Edward Hayes (Reappointment) Term to Expire: December 31, 2022
137 Main Street
Nashua, NH 03060

24.

25.

26.

27.

SURVIVAL OF RIGHTS AND OBLIGATIONS The rights and obligations of the parties that by
their nature survive termination or completion of this contract shall remain in full force and
effect.

21.

22.

23.

RIGHTS AND REMEDIES The duties and obligations imposed by the contract and the rights
and remedies available under the contract shall be in addition to and not a limitation of any
duties, obligations, rights, and remedies otherwise imposed or available by law.

17.

18.

19.

20.

Relating to Public Contracts” Section 60 “Office of Federal Contract Compliance
Programs, Equal Employment, Department of Labor’ which, by this reference, is
incorporated in this contract.