Agenda
The regular meeting of the Board of Directors is scheduled for Monday, June 21, 2021 at 2:00 p.m., 2 Pillsbury Street, The Pillsbury Room, Concord, New Hampshire.
- Introduction of Board Members.
- Approval of Minutes for the Board Meeting of May 17, 2021.
- To consider approving the issue of up to $7,410,000 in taxable financing under RSA 162-I to finance a project for R.E. Prescott Co., 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.
- To consider providing preliminary official intent, with no reservation, to issue a taxable bond for The City of Manchester, Department of Aviation. Note: The project is located in Manchester and the amount of issue is up to $15,000,000.
- Month End Financial Reports.
- FY 2022 Budget Review
- Lending Reports for September
- 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 2:30 p.m. at 2 Pillsbury Street, The Pillsbury Room, Concord, New Hampshire. The following Directors were present: Dick Anagnost, Stephen Duprey, Daniel Henderson, Charles Withee, Matthew Benson, Monica Mezzapelle, Jeffrey Hayes, Jason Syversen, and Nancy Merrill. Also present were: Senator Bob Giuda, Senator Gary Daniels, 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, Hinckley Allen & Snyder. Absent were: Director Catherine Provencher, Representative Laurie Sanborn, Representative Michael Edgar.
The Chairman announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the minutes for May 17, 2021 Board Meeting.
Upon motion made by Director Benson and seconded by Director Merrill, the following action was approved:
VOTED: To accept the minutes of the May 17, 2021 Board Meeting.
The following named directors voted:
- Aye: Dick Anagnost, Nancy Merrill, Monica Mezzapelle, Stephen Duprey, Jeffrey Hayes, Matthew Benson, and Jason Syversen.
- Nay: None.
- Abstain: Daniel Henderson and Charles Withee.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked the Board to consider approving the issue of up to $7,410,000 in state-guaranteed taxable financing and corresponding Lease Agreement under RSA 162-I and RSA 162-A to finance a project for R.E. Prescott Co., Inc and to take all necessary action in relation thereto and to recommend to the 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 issue of up to $7,410,000 in state-guaranteed taxable financing and corresponding Lease Agreement under RSA 162-I and RSA 162-A to finance a project for R.E. Prescott Co., Inc and to take all necessary action in relation thereto and to recommend to the Governor and Council that they take favorable action under RSA 162-I:9.
The following named directors voted:
- Aye: Dick Anagnost, Nancy Merrill, Monica Mezzapelle, Stephen Duprey, Jeffrey Hayes, Charles Withee, Daniel Henderson, Matthew Benson, and Jason Syversen.
- Nay: None.
- Abstain: None.
Where upon the Chairman declared said resolution adopted.
The Chairman asked the Board to consider providing preliminary official intent, with no reservation, to issue a taxable bond up to $16,500,000 for The City of Manchester, Department of Aviation.
Upon motion made by Director Syversen and seconded by Director Merrill, the following action was voted on:
VOTED: To provide preliminary official intent, with no reservation, to issue a taxable bond up to $16,500,000 for The City of Manchester, Department of Aviation.
The following named directors voted:
- Aye: Dick Anagnost, Nancy Merrill, Monica Mezzapelle, Stephen Duprey, Jeffrey Hayes, Charles Withee, Daniel Henderson, Matthew Benson, and Jason Syversen.
- Nay: None.
- Abstain: None.
Where upon 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 2022 Budget for the BFA.
The Chairman asked the Board to consider the approval of the FY 2022 Budget for the BFA.
Upon motion by Director Duprey and seconded by Withee, the following action was approved:
VOTED: To approve the BFA FY 2022 Budget.
The following named directors voted:
- Aye: Dick Anagnost, Nancy Merrill, Monica Mezzapelle, Stephen Duprey, Jeffrey Hayes, Charles Withee, Daniel Henderson, Matthew Benson, and Jason Syversen.
- 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 Duprey and seconded by Director Withee, the meeting was adjourned at 2:48 p.m.
Respectfully submitted:
James Key-Wallace
Clerk