Agenda
The regular meeting of the Board of Directors is scheduled for Monday, August 16, 2021 at 2:00 p.m., 2 Pillsbury Street, The Pillsbury Room, Concord, New Hampshire.
- Introduction of Board Members.
- Approval of Minutes for the Board Meeting of July 19, 2021.
- Approval of items from Credit Committee, as applicable.
- Month End Financial Reports.
- Lending Reports for June
- CAP Monthly Loan Report
- CAP Statistics/Demographics
- Capacity Report
- CAP Quarterly Report
- Executive Director’s Report
- Nonpublic Session
- Other Business.
Minutes
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:24 p.m. at 2 Pillsbury Street, The Pillsbury Room, Concord, New Hampshire. The following Directors were present: Dick Anagnost, Stephen Duprey, Catherine Provencher, Daniel Henderson, Matthew Benson, Jeffrey Hayes, Jason Syversen, and Nancy Merrill. Also present were:, Senator Gary Daniels, James Key-Wallace, Executive Director and Clerk; Chris Kreidermacher, Chief Financial Officer; Jeremy Stanizzi, Senior Credit Officer; Jeff Cook, Credit Analyst; Meagen Kerris, Administrative Assistant; John Stoecker, National Finance Authority; Kris Moussette, Hinckley Allen & Snyder. Absent were: Director Charles Withee, Director Monica Mezzapelle, Senator Bob Giuda, Representative Michael Edgar, and Representative Laurie Sanborn.
The Chairman announced the meeting was open to the public and welcomed all who were present.
The Chairman asked for approval of the minutes for July 19, 2021 Board Meeting.
Upon motion made by Director Provencher and seconded by Director Merrill, the following action was approved:
VOTED: To accept the minutes of the July 19, 2021 Board Meeting.
The following named directors voted:
- Aye: Dick Anagnost, Nancy Merrill, Jeffrey Hayes, Catherine Provencher, Matthew Benson, Daniel Henderson, and Jason Syversen.
- Nay: None.
- Abstain: Stephen Duprey.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked the Board to consider approving the Resolution for a Collateral Shortfall Loan to Stevens Mill in the amount of up to $1,250,000.
Upon motion made by Director Duprey and seconded by Director Provencher, the following action was voted on:
VOTED: To approve the Resolution for a Collateral Shortfall Loan to Stevens Mill in the amount of up to $1,250,000.
The following named directors voted:
- Aye: Dick Anagnost, Nancy Merrill, Stephen Duprey, Catherine Provencher, Jeffrey Hayes, Daniel Henderson, Matthew Benson, and Jason Syversen.
- Nay: None.
- Abstain: None.
Where upon the Chairman declared said resolution adopted.
The Chairman asked Mr. Kreidermacher to review the month end financial report.
The Chairman asked Mr. Stanizzi to review Lending Reports.
The Chairman asked Mr. Key-Wallace to present the Director’s Report.
There being no further business and upon motion made by Director Duprey and seconded by Director Provencher, the meeting was adjourned at 2:42 p.m.
Respectfully submitted:
James Key-Wallace
Clerk