BUSINESS FINANCE AUTHORITY NOTICE AND AGENDA
The regular meeting of the Board of Directors is scheduled for
Monday, December 18, 2023, at 2:00 PM, 135 N. State St, Concord, New Hampshire.
- Introduction of Board Members.
- Approval of Board of Director Minutes for the Meeting of November 20, 2023.
- Nonpublic Session for Consideration of Loan and Credits, as applicable.
- To consider approving transferring $149,422,500 in Private Activity Bond Volume Cap for the calendar year 2022 to New Hampshire Housing Finance Authority and adopting the resolution hereto.
- To consider approving the Business Finance Authority to issue approximately $14,000,000 of Revenue Bonds under RSA 162 for Pennichuck Water Works, Inc., and adopting the resolution hereto.
- Financial Reports– Chris Kreidermacher
- Month End November 2023
- Lending Reports October – Jeremy Stanizzi
- CAP Monthly
- CAP Statistics/Demographics
- Capacity Report
- Executive Director’s Report.
- Other Business.
Date mailed: December 13, 2023
BFA BOARD OF DIRECTORS MINUTES – December 18,2023
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:01 P.M. by Chairman Anagnost at 135 N. State Street, Concord, New Hampshire. The following Directors were present:
Dick Anagnost, Matthew Benson, Stephen Duprey, Daniel Henderson, Jeff Hayes, Catherine Provencher, Monica Mezzapelle and Vikram Mansharamani. Also present were: James Key-Wallace, Executive Director and Clerk; Jeremy Stanizzi, Senior Credit Officer; Deborah Intonti, Executive Assistant, Jeff Cook, Credit Analyst, John Stoecker, National Finance Authority, Representative Michael Edgar, Attorney Anthony Martini, Hinckley Allen, Senator Lou D’Allesandro and Senator Keith Murphy.
Absent were: Chris Kreidermacher, Chief Financial Officer, Representative Laurie Sanborn and Jason Syversen.
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the public Board minutes for the November 20, 2023, Board Meeting.
Upon motion made by Director Duprey and seconded by Director Henderson the following action was voted on:
VOTED: To accept the public minutes of the November 20, 2023, Board Meeting.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Jeff Hayes, Catherine Provencher, Monica Mezzapelle, Daniel Henderson, and Vikram Mansharamani.
Nay: None
Abstain: None
Whereupon the Chairman declared said resolution adopted.
The Chairman asked the Board to consider approving transferring $149,422,500 in Private Activity Bond Volume Cap for the calendar year 2023 to New Hampshire Housing Finance Authority and adopting the resolution hereto.
Upon motion made by Director Duprey and seconded by Director Provencher the following action was voted on:
VOTED: To approve of the transfer of $149,422,500 in Private Activity Bond Volume Cap for the calendar year 2023 to New Hampshire Housing Finance Authority and adopting the resolution hereto.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Jeff Hayes, Catherine Provencher, Monica Mezzapelle, Daniel Henderson, and Vikram Mansharamani.
Nay: None
Abstain: None
The Chairman asked the Board to consider providing preliminary official intent, with no reservation, to issue an approximately $14,000,000 tax-exempt revenue bond for Pennichuck Water Works, Inc., under RSA 162-I, and adopting the resolution hereto.
Upon motion made by Director Duprey and seconded by Director Henderson the following action was voted on:
VOTED: To approve the preliminary official intent, with no reservation, to issue an approximately $14,000,000 tax-exempt revenue bond for Pennichuck Water Works, Inc., under RSA 162-I, and adopting the resolution hereto.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Jeff Hayes, Catherine Provencher, Monica Mezzapelle, Daniel Henderson, and Vikram Mansharamani.
Nay: None
Abstain: None
The Chairman asked Mr. Key-Wallace to review the November Month End Financial Reports.
The Chairman asked Mr. Stanizzi to review the Lending Reports for November.
The Chairman asked Mr. Key-Wallace to present the Executive Director’s Report.
There being no further business and upon motion made by Director Duprey and seconded by
Director Henderson, the meeting was adjourned at 2:44 p.m.
Respectfully submitted:
James Key-Wallace
Executive Director/Clerk