May 17, 2021 – BFA Board Meeting

Agenda

The regular meeting of the Board of Directors is scheduled for Monday, May 17, 2021 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 April 19, 2021.
  3. Month End Financial Reports – Chris Kreidermacher
  4. FY 2022 Budget Review
  5. Lending Reports – Jeremy Stanizzi.
  6. CAP Monthly Loan Report.
    • CAP Statistics & Demographics.
    • Capacity Report.
    • CAP Quarterly 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 2:20 p.m. at 2 Pillsbury Street, Suite 201, Concord, New Hampshire. The following Directors were present: Dick Anagnost, Stephen Duprey, Matthew Benson, Monica Mezzapelle, Jeffrey Hayes, Jason Syversen, and Nancy Merrill. Also present were: 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; Representative Michael Edgar; John Stoecker, National Finance Authority; Anthony Martini, Hinckley Allen & Snyder. Absent were: Director Daniel Henderson, Director Catherine Provencher, Director Charles Withee, Senator Bob Giuda, Representative Laurie Sanborn, Senator Gary Daniels,

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

The Chairman asked the Board to consider the Resolution for a Collateral Shortfall Loan for AHEAD Qtr., Inc in the amount of $1,000,000.

Upon motion made by Director Duprey and seconded by Director Hayes, the following action was voted on:

VOTED: To approve the Resolution for a Collateral Shortfall Loan for AHEAD Qtr., Inc in the amount of $1,000,000.

The following named directors voted:

  • Aye: Dick Anagnost, Jason Syversen, Jeffrey Hayes, Matthew Benson, Nancy Merrill, Monica Mezzapelle, and Stephen Duprey.
  • Nay: None.
  • Abstain: None.

Whereupon the Chairman declared said resolution adopted.

The Chairman asked for approval of the minutes for April 19, 2021 Board Meeting.

Upon motion made by Director Benson and seconded by Director Duprey, the following action was approved:

VOTED: To accept the minutes of the April 19, 2021 Board Meeting.

The following named directors voted:

  • Aye: Dick Anagnost, Nancy Merrill, Stephen Duprey, Matthew Benson, and Jason Syversen.
  • Nay: None.
  • Abstain: Jeffrey Hayes and Monica Mezzapelle.

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 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 Hayes, the meeting was adjourned at 3:09 p.m.

Respectfully submitted:

James Key-Wallace

Clerk



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