Agenda
The regular meeting of the Board of Directors is scheduled for Monday, December 20, 2021 at 2:00 p.m., 135 N. State Street, Concord, New Hampshire.
- Introduction of Board Members.
- Approval of Minutes for the Board Meeting of October 18, 2021.
- Approval of items from Credit Committee, as applicable.
- Review and approval of the Board Meeting dates for calendar year 2022.
- To consider amending the resolution originally approved on May 18, 2020 which approved the issue of up to $57,500,000 in tax-exempt financing under RSA 162-I to finance a project for Pennichuck Water Works, Inc. and to take all necessary action in relation thereto and to recommend to Governor and Council that they take favorable action under RSA 162-I:9.
- October and November Month End Financial Reports.
- Presentation and approval of the Business Finance Authority’s FY 2021 Audited financials
- Lending Reports for October
- CAP Monthly Loan Report
- CAP Statistics/Demographics
- Capacity Report
- CAP Quarterly Report
- Lending Reports for November
- CAP Monthly Loan Report
- CAP Statistics/Demographics
- Capacity 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 2:05 p.m. at 135 N. State Street, Concord, New Hampshire. The following Directors were present: Dick Anagnost, Stephen Duprey, Daniel Henderson, Charles Withee, Jason Syversen, Monica Mezzapelle, Nancy Merrill, and. Also present were: Senator Gary Daniels, Representative Michael Edgar, 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; Anthony Martini, Hinckley Allen & Snyder; and Karen Carew, Carew & Wells. Absent were: Director Matthew Benson, Director, Director Jeffrey Hayes, Director Catherine Provencher, Senator Bob Giuda, 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 October 18, 2021 Board Meeting.
Upon motion made by Director Withee and seconded by Director Mezzapelle, the following action was approved:
VOTED: To accept the minutes of the October 18, 2021 Board Meeting.
The following named directors voted:
- Aye: Dick Anagnost, Charles Withee, Monica Mezzapelle.
- Nay: None.
- Abstain: Nancy Merrill, Stephen Duprey, Jason Syversen, and Daniel Henderson.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked the Board to consider amending the resolution originally approved on May 18, 2020 which approved the issue of up to $57,500,000 in tax-exempt financing under RSA 162-I to finance a project for Pennichuck Water Works, Inc. and to take all necessary action in relation thereto and to recommend to Governor and Council that they will take favorable action under RSA 162-I:9.
Upon motion made by Director Duprey and seconded by Director Mezzapelle, the following action was voted on:
VOTED: To approve amending the resolution originally approved on May 18, 2020 which approved the issue of up to $57,500,000 in tax-exempt financing under RSA 162-I to finance a project for Pennichuck Water Works, Inc. and to take all necessary action in relation thereto and to recommend to Governor and Council that they will take favorable action under RSA 162-I:9.
The following named directors voted:
- Aye: Dick Anagnost, Monica Mezzapelle, Nancy Merrill, Stephen Duprey, Jason Syversen, Charles Withee, and Daniel Henderson.
- Nay: None.
- Abstain: None.
Where upon the Chairman declared said resolution adopted.
The Chairman asked Mr. Kreidermacher to review the month end financial report for October and November.
The Chairman asked Karen Carew to present the Business Finance Authority’s FY 2021 Audited Financials.
The Chairman asked the board to approve the Business Finance Authority’s FY 2021 Audited Financials.
Upon motion made by Director Duprey and seconded by Director Withee, the following action was voted on:
VOTED: To approve the Business Finance Authority’s FY 2021 Audited Financials.
The following named directors voted:
- Aye: Dick Anagnost, Monica Mezzapelle, Nancy Merrill, Stephen Duprey, Jason Syversen, Charles Withee, and Daniel Henderson.
- Nay: None.
- Abstain: None.
The Chairman asked Mr. Stanizzi to review Lending Reports for October and November.
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 Withee, the meeting was adjourned at 3:10 p.m.
Respectfully submitted:
James Key-Wallace
Clerk