Board Of Aldermen

A regular meeting of the Board of Aldermen was held Tuesday, April 25, 2017, at 7:34 p.m. in the Aldermanic
Chamber.

President Brian S. McCarthy presided; City Clerk Patricia Piecuch recorded.
Prayer was offered by City Clerk Patricia Piecuch; Alderman Richard A. Dowd led in the Pledge to the Flag.

The roll call was taken with 11 members of the Board of Aldermen present; Alderman Clemons, Alderman Deane,
Alderman Dowd, Alderwoman Melizzi-Golja were recorded absent.

Board of Aldermen

City of Nashua
229 Main Street Brian S. McCarthy
Nashua, NH 03061-2019 President, Board of Aldermen

(603) 589-3030

April 7, 2017

Patricia D. Piecuch, City Clerk

City of Nashua acl CENNY
229 Main Street

Nashua, NH 03061-2019

Dear Ms. Piecuch: APR FM ow 67

SPECIAL BOARD OF ALDERMEN
MAY 2, 2017

7:00 PM
PRESIDENT BRIAN S. MCCARTHY CALLS ASSEMBLY TO ORDER
PRAYER OFFERED BY CITY CLERK PATRICIA D. PIECUCH
PLEDGE TO THE FLAG LED BY ALDERMAN DAVID SCHONEMAN
ROLL CALL
COMMUNICATIONS

From: Brian S. McCarthy, President, Board of Aldermen
Re: Special Board of Aldermen Meeting

ADJOURNMENT

Aldermanic Chamber

OM

Our next steps

Recommendation

>< Pursue $15.5MM Bond - subject to private
donations/contributions being raised in
advance for an endowment fund to sustain
operations

>< Immediate Issue(s)
>< Alec Shoes — An option is necessary
>* Bond Request — Develop financing plan

>< Capital Campaign — Develop infrastructure to
raise $4M to capitalize endowment

>* Seed capital — to advance fundraising and
physical planning

Webb Management Services Inc.

Page 46

NASHUA PERFORMING ARTS FACILITIES CRITICAL PATH PLAN

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Responsibility Q3 Q4 Qi Q2 Q3 Q4 Q1 Q2 Q3 Q4 Qi Q2 Q3 Q4

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Webb Management Services staff Staff

Contractors in place Staff

building creativity

Economic impacts - qualitative

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A catalytic project for the redevelopment
of downtown Nashua.

Attracting companies, workers, and
residents to downtown Nashua.

A key attraction within a district for tourism
development.

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Webb Management Services Inc. Page 44

building creativity

Economic impacts - quantitative

Qg0M

Summary of Economic Impacts on Hillsborough County

Qg0M

Estimating Audiences

Economic impacts - quantitative

Year 3 Paid Theater Attendance
Hillborough County Attenders
Recovered County Attenders
Non-County Attenders

70%
20%
30%

26,000
18,200
5,200

7,800

building creativity

Ancillary Spending Impacts of the Center Theatre on Hillborough County

Total New Outputs

Ancillary Spending impacts Par Capita Expenditure Total Direct (Induced)

building creativity

Economic impacts - quantitative

Qg0M

Annual Operating Impacts on Hillborough County
Bill of Goods Approach (Year 3)

; Inputs Multipliers Outputs
Category Re ronan ane Fiuanernen ants Output (dollars) Fn Empl't (jobs) naa Earnings New Empl't (jobs)

building creativity

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One-time Impacts of Construction on Hillborough County

Economic impacts - quantitative

Input - Construction Budget $ 12,000,000
Final Demand Multipliers

Outputs (Industry 2332C0) Project Outputs

Sales 1.6609 $ 19,930,800
Earnings 0.4942 $ 5,930,400
Employment (person-years of 9.3501 112

employment)

Webb Management Services Inc. Page 40