BUSINESS FINANCE AUTHORITY NOTICE AND AGENDA
The regular meeting of the Board of Directors is scheduled for
Monday, March 18, 2024, at 2:00PM, 135 N. State St, Concord, New Hampshire.
- Introduction of Board Members.
- Approval of Board of Directors Public Minutes for the Meeting of January 8, 2024.
- Nonpublic Session for Consideration of Loans, as applicable.
- Approval of Loan Items and Associated Resolutions as applicable.
- To consider providing preliminary official intent, with no reservation, to issue tax-exempt revenue bonds for Pennichuck Water Works, Inc., and approve the included resolution. Note: The project is located in various sites throughout New Hampshire and the amount of issue is $17,500,000.
- Financial Reports– Chris Kreidermacher.
- Month End January/February 2024
- Lending Reports – Jeremy Stanizzi.
- CAP Monthly – January/February
- CAP Statistics/Demographics –February
- Capacity Report –February
- CAP Quarterly Report – December 2023
- Executive Director’s Report.
- Other Business.
Dated and mailed: March 12, 2024
BFA BOARD OF DIRECTOR’S MINUTES
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:00 P.M. at 135 N. State Street, Concord, New Hampshire. The following Directors were present:
Dick Anagnost, Matthew Benson, Stephen Duprey, Monica Mezzapelle, Vikram Mansharamani, Catherine Provencher, Jeffrey Hayes, Jason Syversen, and Daniel Henderson. Also present were: James Key-Wallace, Executive Director and Clerk; Jeremy Stanizzi, Senior Credit Officer; Chris Kreidermacher, Chief Financial Officer; Jeff Cook, Credit Analyst; Deborah Intonti, Executive Assistant; Ben Barker, National Finance Authority; Travis Cooper, National Finance Authority; Kris Moussette, Hinkley Allen; Representative Edgar, Senator D’Allesandro, Senator Murphy. Absent were: Representative Laurie Sanborn.
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the public Board of Directors minutes for the January 8, 2024.
Upon motion made by Director Provencher and seconded by Director Mezzapelle the following action was voted on:
VOTED: To accept the minutes as presented of January 8, 2024, Board Meeting.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Vikram Mansharamani, Monica Mezzapelle, Catherine Provencher, Jason Syversen, Daniel Henderson, and Jeff Hayes.
Nay: None.
Abstain: None
Whereupon the Chairman declared said resolution adopted.
At 2:26 p.m. the Chairman asked for a motion to return to the public meeting of the Board of Directors.
The Chairman asked for a vote to seal the nonpublic Board of Directors minutes of March 18, 2024.
Upon a motion made by Director Mezzapelle and seconded by Director Duprey.
VOTED: To ratify and seal the nonpublic minutes of the Board of Directors Meeting of March 18, 2024.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Vikram Mansharamani, Monica Mezzapelle, Catherine Provencher, Jason Syversen, Daniel Henderson, and Jeff Hayes.
Nay: None.
Abstain: None
The Chairman asked the Board of Directors to approve the Wentworth Economic Development Corporation (WEDCO) ALDO Supported LOC under SSBCI 2.0 for $350,000.
Upon motion made by Director Hayes and seconded by Director Mezzapelle,
VOTED: To approve the (WEDCO) ALDO Supported LOC under SSBCI 2.0 for $350,000.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Vikram Mansharamani, Monica Mezzapelle, Catherine Provencher, Jason Syversen, Daniel Henderson, and Jeff Hayes.
Nay: None.
Abstain: None
The Chairman asked the Board of Directors to approve the revised Collateral Shortfall for Mohawk Tannery Redevelopment in the amount of $3,500,000.
Upon motion made by Director Provencher and seconded by Director Hayes,
VOTED: To approve the revised Collateral Shortfall for Mohawk Tannery Redevelopment in the amount of $3,500,000.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Vikram Mansharamani, Monica Mezzapelle, Catherine Provencher, Jason Syversen, Daniel Henderson, and Jeff Hayes.
Nay: None.
Abstain: None
The Chairman asked for a vote to provide preliminary official intent, with no reservation to issue tax-exempt revenue bonds for Pennichuck Water Works, Inc., and approve the included resolution.
Upon a motion made by Director Hayes and seconded by Director Provencher;
VOTED: To provide preliminary official intent, with no reservation to issue tax-exempt revenue bonds for Pennichuck Water Works, Inc., and approve the included resolution.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Vikram Mansharamani, Monica Mezzapelle, Catherine Provencher, Jason Syversen, Daniel Henderson, and Jeff Hayes.
Nay: None.
Abstain: None
Whereupon the Chairman declared said resolution adopted.
The Chairman asked Mr. Kreidermacher to review the month end Financial Reports for January and February.
The Chairman asked Mr. Stanizzi to review the Lending Reports for January and February.
The Chairman asked Mr. Key-Wallace to present the Executive Director’s Report for March.
The Chairman asked the Board if there was any further business to discuss.
There being no further business, the Chairman asked for a vote to adjourn.
Upon motion made by Director Hayes and seconded by Director Duprey the meeting was adjourned at 3:08 p.m.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Vikram Mansharamani, Monica Mezzapelle, Catherine Provencher, Jason Syversen, Daniel Henderson, and Jeff Hayes
Nay: None.
Abstain: None
Respectfully submitted:
James Key-Wallace, Clerk