Agenda
The regular meeting of the Board of Directors is scheduled for Monday, June 15, 2020 at 2:00 p.m., 2 Pillsbury Street, Suite 201, Concord, New Hampshire.
- Introduction of Board Members.
- Approval of Minutes for the Board Meeting of May 18, 2020.
- To consider providing preliminary official intent, with no reservation, to issue tax-exempt revenue bonds for Middlesex Glass Co., Inc in Salem, New Hampshire in the amount of $10,000,000.00.
- Month End Financial Reports.
- FY 2021 Budget Review
- Lending Reports
- CAP Monthly Loan Report
- CAP Statistics/Demographics
- Capacity Report
7. Executive Director’s Report
8. Nonpublic Session
9. Other Business
Minutes
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:15 p.m. at 2 Pillsbury Street, Suite 201, Concord, New Hampshire. The following Directors were present: Dick Anagnost, Monica Mezzapelle, Daniel Henderson, Charles Withee, Stephen Duprey, Catherine Provencher, Matthew Benson, and Nancy Merrill. Also present were: Senator Jeanne Dietsch, James Key-Wallace, Executive Director and Clerk; Chris Kreidermacher, Chief Financial Officer; Jeremy Stanizzi, Senior Credit Officer; Meagen Kerris, Administrative Assistant, Kris Moussette, Hinckley Allen & Snyder. Absent were: Senator Bob Giuda, Representative Kermit Williams, Representative Laurie Sanborn, and Director Jeffrey Hayes.
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the minutes for May 18, 2020 Board Meeting.
Upon motion made by director Duprey and seconded by Director Withee, the following action was approved:
VOTED: To accept the minutes of the May 18, 2020 Board Meeting.
The following named directors voted:
Aye: Dick Anagnost, Monica Mezzapelle, Daniel Henderson, Charles Withee, Stephen Duprey, Matthew Benson, Catherine Provencher, and Nancy Merrill.
Nay: None. Abstain: None.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked to consider approving preliminary official intent, with no reservation, to issue tax-exempt revenue bonds for Middlesex Glass Co., Inc in Salem, New Hampshire in the amount of $10,000,000.00.
Upon motion made by Director Withee and seconded by Director Mezzapelle, the following action was approved:
VOTED: To approve the request of preliminary official intent, with no reservation, to issue tax-exempt revenue bonds for Middlesex Glass Co., Inc in Salem, New Hampshire in the amount of $10,000,000.00.
The following named directors voted:
Aye: Dick Anagnost, Monica Mezzapelle, Daniel Henderson, Charles Withee, Stephen Duprey, Matthew Benson, Catherine Provencher, and Nancy Merrill.
Nay: None. Abstain: None.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked Mr. Kreidermacher to review the month end financial report.
The Chairman asked Mr. Kreidermacher to review the FY 2021 Budget Review.
The Chairman asked to consider the approval of the FY 2021 Budget for the BFA.
Upon motion by Director Duprey and seconded by Withee, the following action was approved:
VOTED: To approve the BFA FY 2021 Budget.
The following named directors voted:
Aye: Dick Anagnost, Monica Mezzapelle, Daniel Henderson, Charles Withee, Stephen Duprey, Matthew Benson, Catherine Provencher, and Nancy Merrill.
Nay: None. Abstain: None.
Whereupon the Chairman declared said resolution adopted.
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 Withee and seconded by Director Duprey, the meeting was adjourned at 2:38 p.m.
Respectfully submitted:
James Key-Wallace
Clerk