BUSINESS FINANCE AUTHORITY NOTICE AND AGENDA
The regular meeting of the Board of Directors is scheduled for Monday, December 16, 2024, at 2:00 PM,
135 N. State St, Concord, New Hampshire.
1. Introduction of Board Members.
2. Approval of Board of Director Nonpublic and Public Minutes for the Meeting of 11/18/24.
3. Nonpublic Session for Consideration of Loan and Credits, as applicable.
4. Approval of Items and Associated Resolutions from nonpublic session, as applicable.
5. Consider approval of the RESP Application
6. Financial Reports– Chris Kreidermacher – Month End 11/2024
7. Lending Reports November – Jeremy Stanizzi, CAP Monthly, CAP Statistics/Demographics, Capacity Report
8. Executive Director’s Report.
9. Other Business.
Date mailed: December 11, 2024
NH BFA BOARD OF DIRECTORS MINUTES for December 16, 2024
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:04 P.M. at 135 N. State Street, Concord, New Hampshire.
The following Directors were present:
Dick Anagnost, Stephen Duprey, Matthew Benson, Catherine Provencher, Daniel Henderson, Vikram Mansharamani, Monica Mezzapelle, Jason Syversen and Todd Horner. Also present were: James Key-Wallace, Executive Director and Clerk; Jeremy Stanizzi, Senior Credit Officer; Jeff Cook, Credit Analyst; Chris Kreidermacher, Chief Financial Officer; Deborah Intonti, NH BFA Executive Assistant, John Stoecker National Finance Authority, Ben Barker, National Finance Authority, Representative Michael Edgar, Representative Keith Murphy, Antonio Martini, Hinckley Allen.
The following Members were absent: None.
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the public minutes for the November 18, 2024, Board Meeting.
Upon motion made by Director Provencher and seconded by Director Henderson the following action was voted on:
VOTED: To accept the public minutes of November 18, 2024, Board Meeting.
The following named Directors voted:
Aye: Matt Benson, Vikram Mansharamani, Monica Mezzapelle, Daniel Henderson, Jason Syversen, Catherine Provencher Todd Horner, Stephen Duprey.
Nay: None
Abstain: Director Anagnost
The Chairman asked for approval of the nonpublic sealed minutes for the November 18, 2024, Board Meeting.
Upon motion made by Director Provencher and seconded by Director Henderson the following action was voted on:
VOTED: To accept the nonpublic sealed minutes of November 18, 2024, Board Meeting.
The following named Directors voted:
Aye: Matt Benson, Vikram Mansharamani, Monica Mezzapelle, Daniel Henderson, Jason Syversen, Catherine Provencher, Todd Horner and Stephen Duprey.
Nay: None
Abstain: Director Anagnost.
Whereupon the Chairman declared said Board Public and Nonpublic Minutes were adopted.
Rural Energy Savings Program (RESP):
James Key-Wallace, Executive Director explained the program and presented the Implementation Work Plan for RESP to the Board of Directors.
After discussions and questions, the Chairman asked for a vote from the Board to approve the Rural Energy Savings Program Application (RESP) in the amount of $50M and to empower the officers of the NH BFA to execute any documents associated with the program.
Upon motion made by Director Benson and seconded by Director Mezzapelle, the following action was voted on:
VOTED: To approve the Rural Energy Savings Program Application (RESP) in the amount of $50M and to empower the officers of the NH BFA to execute any documents associated with the program.
The following named Directors voted:
Aye: Dick Anagnost, Matt Benson, Catherine Provencher, Vikram Mansharamani, Monica Mezzapelle, Daniel Henderson, Jason Syversen, Todd Horner and Stephen Duprey.
Nay: None
Abstain: None
Whereupon the Chairman declared said resolution adopted.
The Chairman asked Mr. Kreidermacher to review the month end Financial Reports.
The Chairman asked Mr. Stanizzi to review the Lending Reports.
The Chairman asked Mr. Key-Wallace to present the Executive Director’s Report.
There being no further business and upon motion made by Director Benson and seconded by
Director Mansharamani the meeting was adjourned at 2:45 p.m.
Respectfully submitted:
James Key-Wallace