December 21, 2020 – BFA Board Meeting

Agenda

The regular meeting of the Board of Directors is scheduled for Monday, December 21, 2020 at 2:00 p.m., 2 Pillsbury Street, Suite 201, Concord, New Hampshire.

  1. Introduction of Board Members.
  2. Approval of Minutes for the Board Meeting of November 16, 2020
  3. Month End Financial Reports.
  4. Lending Reports for September
    • CAP  Monthly Loan Report
    • CAP Statistics/Demographics
    • Capacity Report
    • CAP Claim Summary
  5. Executive Director’s Report.
  6. Nonpublic Session.
  7. Other Business.

Minutes

The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:17 p.m. at 2 Pillsbury Street, Suite 201, Concord, New Hampshire. The following Directors were present: Dick Anagnost, Jeffrey Hayes, Stephen Duprey, Catherine Provencher, Daniel Henderson, Monica Mezzapelle, Charles Withee, Matthew Benson, and Nancy Merrill. Also present were: 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 and Tony Martini, Hinckley Allen & Snyder. Absent were: Senator Bob Giuda, and Representative Laurie Sanborn.

Chairman Anagnost announced the meeting was open to the public and welcomed all present.

The Chairman asked the Board to consider the Resolution for a Line of Credit increase to the Strafford Economic Development Corporation for Aid to Local Development (ALDO) in the amount of $1,000,000.

Upon motion made by Director Withee and seconded by Director Henderson, the following action was voted on:

VOTED: To approve the Resolution for a Line of Credit increase to the Strafford Economic Development Corporation for Aid to Local Development (ALDO) in the amount of $1,000,000.

The following named directors voted:

Aye: Dick Anagnost, Monica Mezzapelle, Charles Withee, Stephen Duprey, Matthew Benson, Catherine Provencher, Daniel Henderson, Jeffrey Hayes, and Nancy Merrill.

Nay: None. Abstain: None.

Where upon the Chairman declared said resolution adopted.

The Chairman asked for approval of the minutes for November 16, 2020 Board Meeting.

Upon motion made by Director Duprey and seconded by Director Henderson, the following action was approved:

VOTED: To accept the minutes of the November 16, 2020 Board Meeting.

The following named directors voted:

Aye: Dick Anagnost, Daniel Henderson, Catherine Provencher, Stephen Duprey, Jeffrey Hayes, and Nancy Merrill.

Nay: None. Abstain: Monica Mezzapelle, Matthew Benson, and Charles Withee.

Whereupon 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 Henderson and seconded by Director Withee, the meeting was adjourned at 2:46 p.m.

 

Respectfully submitted:

James Key-Wallace

Clerk


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