BUSINESS FINANCE AUTHORITY NOTICE AND AGENDA
The regular meeting of the Board of Directors is scheduled for
Monday, February 13, 2023, at 2:00PM, 135 N. State St, Concord, New Hampshire.
- Introduction of Board Members.
- Approval of Board of Director Minutes for the Meeting of January 9, 2023.
- Nonpublic Session for Consideration of Loan and Credits, as applicable.
- Approval of Items and associated Resolutions from Credit Committee, as applicable.
- Vote to approve to issue up to $33,160,000 in taxable financing under RSA 162-I to finance a project for Sig Sauer Real Estate, 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
- Financial Reports– Chris Kreidermacher.
- Month End January 2023
- Lending Reports – Jeremy Stanizzi.
- CAP Monthly – January 2023
- CAP Statistics/Demographics – January 2023
- Capacity Report – January 2023
- CAP Quarterly Report – December 2022
- CAP Claim – New England Weathervanes, LLC
- Executive Director’s Report.
- Other Business.
BFA BOARD OF DIRECTOR’S MINUTES
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:02 P.M. at 135 N. State Street, Concord, New Hampshire. The following Directors were present:
Dick Anagnost, Matthew Benson, Stephen Duprey, Daniel Henderson, Nancy Merrill, Catherine Provencher, Jason Syversen, and Charles Withee. Also present were: James Key-Wallace, Executive Director and Clerk; Jeremy Stanizzi, Senior Credit Officer; Chris Kreidermacher, Chief Financial Officer; Jeff Cook, Credit Analyst; John Stoker, National Finance Authority; Kris Moussette, Hinkley Allen; Antonio Martini, Hinkley Allen; Representative Edgar, and Representative Sanborn. Absent were: Director Jeffrey Hayes, Director Monica Mezzapelle, and Deb Intonti, Executive Assistant
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the minutes for the January 9, 2023, Board Meeting.
Upon motion made by Director Provencher and seconded by Director Duprey the following action was voted on:
VOTED: To accept the minutes of the January 9, 2023, Board Meeting.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Daniel Henderson, Nancy Merrill, Catherine Provencher, Jason Syversen, and Charles Withee.
Nay: None.
Abstain: None.
Whereupon the Chairman declared said resolution adopted.
At 2:03 p.m., the Chairman asked the Board to consider a nonpublic session. The purpose of the nonpublic session was for the following reason:
Consideration of applications by the Business Finance Authority under RSA 162-A:7-10 and RSA 162-A:13, where consideration of confidential, commercial, or financial information that is exempt from public disclosure; and matters which if discussed in public, would likely affect adversely the reputation of any person, other than a member of the public body itself.
Upon motion to go into nonpublic session made by Director Withee, and seconded by Director Duprey, the following roll call vote was taken to enter:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Daniel Henderson, Nancy Merrill, Catherine Provencher, Jason Syversen, and Charles Withee.
Nay: None.
Abstain: None.
Following a vote of the Board to enter into a nonpublic session, the minutes of the nonpublic session are hereby recorded.
At 2:41 p.m. the Chairman asked for a motion to return to the public meeting of the Board of Directors and seal the nonpublic minutes.
Upon motion made by Director Provencher, seconded by Director Henderson.
VOTED: To return to the public meeting and seal the nonpublic minutes.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Daniel Henderson, Nancy Merrill, Catherine Provencher, Jason Syversen, and Charles Withee.
Nay: None.
Abstain: None.
The Chairman asked for approval of a $3,000,000 collateral shortfall loan to Blaylock Holdings, LLC and Thorndike Remediation LLC or Nominee to help fund the planned remediation of the Mohawk Tannery EPA superfund site in Nashua, New Hampshire.
Upon motion made by Director Provencher and seconded by Director Merrill, the following action was voted on:
VOTED: To approve a $3,000,000 collateral shortfall loan to Blaylock Holdings, LLC and Thorndike Remediation LLC or Nominee to help fund the planned remediation of the Mohawk Tannery EPA superfund site in Nashua, New Hampshire.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Daniel Henderson, Nancy Merrill, Catherine Provencher, Jason Syversen, and Charles Withee.
Nay: None.
Abstain: None.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked for approval to issue up to $33,160,000 in taxable financing under RSA 162-I to finance a project for Sig Sauer Real Estate, 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
Upon motion made by Director Henderson and seconded by Director Withee, the following action was voted on:
VOTED: To approve the issuance of up to $33,160,000 in taxable financing under RSA 162-I to finance a project for Sig Sauer Real Estate, 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
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Daniel Henderson, Nancy Merrill, Catherine Provencher, Jason Syversen, and Charles Withee.
Nay: None.
Abstain: None.
Whereupon the Chairman declared said resolution adopted.
Director Duprey left the meeting at 2:50p.m.
Director Henderson left the meeting at 3:00p.m.
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 Provencher and seconded by
Director Withee, the meeting was adjourned at 3:07p.m.
Respectfully submitted:
James Key-Wallace
Clerk