Board Of Aldermen

Thank You

| This is a Conceptual Artistic Rendering

Next Steps

Immediate Issue(s)

=" Continue to position ourselves and focus
on obtaining a NMTC (Design/Operations
need to be finalized)

=" Transition into the Lead Gift Phase —
which is a quiet phase

=" Continue the work of the Steering
Cfo) palaalincs>

eyes

¢ City staff and a New Market Tax Credit
Consultant have begun the process to
apply for and secure an allocation of
New Market Tax Credits. The
expectation is that a letter of
commitment in the second quarter of

2019 be forthcoming and cash available
in by the end of 2019 (3 or 4th quarter)

©

Campaign
Readiness

* Jun - Oct 2018

* Feasibility study

* Case statement
and materials

* Budgets

+ Identify
prospective
donors (existing
and new)

* Identify and
Convene
Committee

Lead Gift
Phase

*Oct 2018- Apr
2019

*Lead Donor
solicitation

* Achieve 65% of
campaign goal

ampaign Strate

Major Gift
Phase

* May-Dec 2019

* House parties

* Foundation
proposals

* Individual visits

Fundraising

In partnership with the work group, Full Circle Consulting developed a case for support to tell
the story of why Nashua Performing Arts Center is worthy of charitable support, and then met
with 30 individuals/businesses/institutions of various backgrounds....

33% of those interviewed for this study describe themselves as already involved in the arts in
Nashua, 63% own or lead a business in the area, and 60% describe themselves as actively
interested in the future of downtown. Thirteen percent were all three.

Design

° We received 22 qualified responses

© (10 from CM firms and 12 from
Architecture/Engineering Firms)

° On October 8 a meeting will be held
with a subset of the Steering Committee
to review the various responses and to
plot next steps.

© Ideally we will have a firm selected by November

Operations

Met with various communities and discussed
differing methods to how PACs are operated

Reviewed various RFPs and Contracts

Spoke to Duncan Webb on two occasions for his
counsel

Developed a strategic guiding document to help
craft an RFP and develop operational guidelines

Developed an RFP that will be released this
week — responses are due by the End of October
— Seeking a 3'4 Party Operator

APPOINTMENTS BY THE PRESIDENT OF THE BOARD OF ALDERMEN

Auditorium Commission

John C. Franzini (Reappointment)
13 Lutheran Drive
Nashua, NH 03063

John J. McAllister (Reappointment)
257 Wheeler Road
Hollis, NH 03049

SEPTEMBER 25, 2018

For a Term to Expire: December 31, 2020

For a Term to Expire: December 31, 2020

| respectfully request that these appointments be confirmed.

Brian S. McCarthy, President
Board of Aldermen

APPOINTMENTS BY THE MAYOR

SEPTEMBER 25, 2018

Hunt Memorial Building Board of Trustees

Terry Romano (New Appointment) For a Term to Expire: September 30, 2023
Jackson Falls, 52 Main Street

PO Box 65

Nashua, NH 03061

Nashua Arts Commission
Tracy Hall (Reappointment) For a Term to Expire: September 1, 2021

37 Chester Street
Nashua, NH 03064

| respectfully request that these appointments be confirmed.

Jim Donchess
Mayor