Board Of Aldermen

R-20-094

WHEREAS, R-20-087 authorizing assignment of the Community Development Finance
Authority grant to Nashua Community Arts had its first reading on October 27, 2020;

WHEREAS, the two voluntary corporations have been formed and are 201 Main Street
Real Estate Corp. and 201 Main Street Financing Corp.;

WHEREAS, a New Markets Tax Credit sub-allocation has been made available, subject
to closing, for the Performing Arts Center by Mascoma Community Development, LLC, an
affiliate of Mascoma Bank;

R-20-094

RESOLUTION

OMNIBUS RESOLUTION REGARDING NEW MARKETS TAX CREDIT
TRANSACTION FOR THE PERFORMING ARTS CENTER

CITY OF NASHUA

In the Year Two Thousand and Twenty

WHEREAS, the Board of Aldermen passed 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” on February
13, 2018:

SPECIAL BOARD OF ALDERMEN
NOVEMBER 24, 2020

6:00 PM
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Board of Aldermen 11-24-2020 Page 45
Alderwoman Lu

Happy Thanksgiving everyone, thank you.

President Wilshire

Board of Aldermen 11-24-2020 Page 44
Alderman Cleaver

Yes, thank you.

President Wilshire

You bet.

Alderman Cleaver

Board of Aldermen 11-24-2020 Page 43
President Wilshire

Thank you. Alderman Laws?

Alderman Laws

Board of Aldermen 11-24-2020 Page 42

And | think we need to focus on that rather than wanting to put things back to the way they were, making
decisions for the short term. | just encourage everybody to do that, we have plenty of reasons to be
grateful, we also have plenty of lessons to learn from the past. Thank you.

President Wilshire
Thank you, Alderman Lopez. Alderman Klee?
Alderman Klee

Board of Aldermen 11-24-2020 Page 41

need to come to some kind of decision as to what we are going to do, if we are going to do anything and if
so, what is that going to be?

President Wilshire

OK.

Mayor Donchess

I’ll talk to Bobbie tomorrow.
President Wilshire
Ok, thank you Mayor. OK, Beth Scaer.

Beth Scaer | just wanted to quickly say thank you to my Alderman, Alderman Caron for her last few votes
against the PAC funding. | really appreciate it for everyone in the Ward and the City. Thank you.

President Wilshire

Board of Aldermen 11-24-2020 Page 40

any context what the pros and cons of that area. But based on the discussions today, it is clear that people
are not adhering to the mask mandate, it is clear that businesses for many reasons, I’m sure that it is very
difficult to turn away patrons, or to ask front line people to argue with them about what the Law is. But we
are not using these important and prudent means of reducing transmission.

Board of Aldermen 11-24-2020 Page 39

Tax Credits is any bit as complicated if not more complicated than Credit Default Swaps. So finally | gave
up trying to study this thing. | did study, however, the diagram that was presented in the earlier meeting
before this meeting. So | want to make a couple of brief comments.