March 16, 2020 – BFA Board Meeting

BUSINESS FINANCE AUTHORITY NOTICE AND AGENDA

The regular meeting of the Board of Directors is scheduled for Monday, March 16, 2020 at 2:00 p.m., Pillsbury Meeting Room, 2 Pillsbury Street, Concord, New Hampshire.

  1. Introduction of Board Members.
  2. Approval of Minutes for the Board Meeting of February 10, 2020.
  3. To approve the Resolution authorizing the issuance of up to $25,000,000 of  Bonds under RSA 162-I, for the purposes of financing The Baldwin Senior Living.
  4. Month End Financial Reports – Chris Kreidermacher
  5. Lending Reports – Jeremy Stanizzi
    1. CAP Loan Report
    2. Available Capacity by Program
  6. Executive Director’s Report.
  7. Nonpublic Session.
  8. Other Business.

 

BUSINESS FINANCE AUTHORITY MEETING MINUTES

March 16, 2020

Concord, New Hampshire

The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:20 p.m. at 2 Pillsbury Street, Pillsbury Meeting Room, Concord, New Hampshire.  The following Directors were present: Dick Anagnost, Bill Dwyer, Daniel Henderson, Nancy Merrill, Matthew Benson, Charles Withee, and Catherine Provencher. Also present were:  James Key-Wallace, Executive Director and Clerk; Jeremy Stanizzi, Senior Credit Officer; Chris Kreidermacher, Chief Financial Officer; John Stoecker, NFA, and Kris Moussette, Hinckley Allen & Snyder. Absent were Director Jeffrey Hayes, Director Stephen Duprey, Senator Bob Giuda, Representative Laurie Sanborn, and Senator Jeanne Dietsch.

Chairman Anagnost announced the meeting was open to the public and welcomed all present.

The Chairman asked for approval of the minutes for the February 10, 2020 Board Meeting.

Upon motion made by Director Withee and seconded by Director Provencher, the following action was approved:

VOTED:  To accept the minutes of the February 10, 2020 Board Meeting.

The following named directors voted:

Aye:  Dick Anagnost, Bill Dwyer, Nancy Merrill, Charles Withee, Catherine Provencher, and Matthew Benson.  Nay:  None.  Abstain:  Daniel Henderson.

Whereupon the Chairman declared said resolution adopted.

The Chairman asked to approve the resolution authorizing the issuance of up to $25,000,000 of Bonds under RSA 162-I, for the purposes of financing The Baldwin Senior Living.

Upon motion made by Director Withee and seconded by Director Provencher, the following action was approved:

VOTED:  To approve the Resolution authorizing the issuance of up to $25 million of Bonds under RSA 162-I for The Baldwin Senior Living.

The following named directors voted:

Aye:  Dick Anagnost, Bill Dwyer, Nancy Merrill, Charles Withee, Catherine Provencher, Daniel Henderson and Matthew Benson.  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. Stanizzi to review the loan 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 Provencher, the meeting was adjourned at 3.00 p.m.

 

Respectfully submitted:

James Key-Wallace

Clerk  


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