Board Of Aldermen

Special Board of Aldermen 09-28-2020 Page 12

Alderman Tencza

Special Board of Aldermen 09-28-2020 Page 11

Alderwoman Lu

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

Special Board of Aldermen 09-28-2020 Page 9

| had sent to a previous Board of Aldermen back in 2018. | gave a Memo on how do TIF’s work and I'll be
happy to send that around again. It gives people just basic information as to who, what, where, when, why
TIF’s are used in the mechanics of TIF’s are put into place.

Special Board of Aldermen 09-28-2020 Page 8

Director Cummings

Special Board of Aldermen 09-28-2020 Page 7

We are working on starting the Public Phase. That Public Phase of the campaign, part of it is we plan to
sell naming rights for all of the seats. That has the potential of raising over $700,000.00.

Special Board of Aldermen 09-28-2020 Page 6

a lot of interest, obviously, from Board of Aldermen and the public of where we are at with fundraising.
We've talked over and over again, over several months or years, the last year and a half about the 5 phase
that was necessary to be in.

Special Board of Aldermen 09-28-2020 Page 5

the Mayor indicated, Deb Novotny, but before Deb Novotny, Rich Lannan, so Rich Lannan could say a few
words. So if | may, Mr. Chair.

Chairman Dowd

Sure, go ahead.

Director Cummings

Special Board of Aldermen 09-28-2020 Page 4

operator, Spectacle Management, who operates Performing Arts Centers throughout New England, has
indicated that they can operate this Performing Arts Center on a break-even basis with no subsidy if we
have 750 seats. Also it seemed to make much more sense to bring the Performing Arts Center to the
ground floor rather than on the second floor and have a balcony.

Special Board of Aldermen 09-28-2020 Page 3

President Wilshire

| am here, | can hear everyone and | am social distancing, and | am home alone.
Susan Lovering, City Clerk

You have 14 in attendance, Madam President.

President Wilshire

Thank you, Madam Clerk. Also joining us this evening, | believe, is the Mayor. | don’t know if Corporation
Counsel is on.

Celia Leonard, Deputy Corporation Counsel
Deputy Corporation Counsel Celia Leonard is here.
President Wilshire