BUSINESS FINANCE AUTHORITY NOTICE AND AGENDA
The regular meeting of the Board of Directors is scheduled for Monday, May 18, 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 April 20, 2020.
- To consider providing preliminary official intent, with no reservation, to issue tax-exempt revenue bonds for Pennichuck Water Works, Inc. Note: The project is located in various sites throughout New Hampshire and the amount of issue is $57,500,000.
- To consider approving the issue of up to $75,000,000 in taxable financing under RSA 162-I to finance a project for Pennichuck Water Works, 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.
- Month End Financial Reports.
- Lending Reports
- CAP Monthly Loan Report
- Quarterly Report
- Capacity Report
- Executive Director’s Report
- Nonpublic Session
- Other Business.
Dated and mailed: May 13, 2020
Minutes
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:28 p.m. at 2 Pillsbury Street, Suite 201, Concord, New Hampshire.
The following Directors were present: Dick Anagnost, Monica Mezzapelle, Daniel Henderson, Jeffrey Hayes, Stephen Duprey, Nancy Merrill, Matthew Benson, Catherine Provencher, and Charles Withee. Also present were: Representative Laurie Sanborn, Senator Jeanne Dietsch, James Key-Wallace, Executive Director and Clerk; Jeremy Stanizzi, Senior Credit Officer; Chris Kreidermacher, Chief Financial Officer; Meagen Kerris, Administrative Assistant; John Stoecker, NFA, and Kris Moussette, Hinckley Allen & Snyder. Absent were Senator Bob Giuda, and Representative Kermit Williams.
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the minutes for the April 20, 2020 Board Meeting.
Upon motion made by Director Withee and seconded by Director Merrill, the following action was approved:
VOTED: To accept the minutes of the April 20, 2020 Board Meeting.
The following named directors voted:
Aye: Dick Anagnost, Nancy Merrill, Charles Withee, Jeffrey Hayes, Monica Mezzapelle, Stephen Duprey, Daniel Henderson, and Matthew Benson. Nay: None. Abstain: Catherine Provencher.
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 Pennichuck Water Works, Inc. The project being in various sites throughout New Hampshire and the amount of issue is $57,500,000.
Upon motion made by Director Withee and seconded by Director Henderson, the following action was approved:
VOTED: To approve the request of preliminary official intent, with no reservation, to issue tax-exempt revenue bonds in the amount of $57,500,000 for Pennichuck Water Works, Inc.
The following named directors voted:
Aye: Dick Anagnost, Catherine Provencher, Nancy Merrill, Charles Withee, Jeffrey Hayes, Stephen Duprey, Monica Mezzapelle, Daniel Henderson, and Matthew Benson. Nay: None. Abstain: None.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked to consider approving the issue of up to $75,000,000 in taxable financing under RSA 162-I to finance a project for Pennichuck Water Works, Inc. and to take all necessary action in relation thereto and to recommend to Governor and Council that they take a favorable action under RSA 162-I:9.
Upon motion made by Director Hayes and seconded by Director Withee, the following action was approved:
VOTED: To approve the issue of up to $75,000,000 in taxable financing under RSA 162-I to finance a project for Pennichuck Water Works, Inc. and to take all necessary action in relation thereto and to recommend to Governor and Council that they take a favorable action under RSA 162-I:9.
The following named directors voted:
Aye: Dick Anagnost, Catherine Provencher, Nancy Merrill, Charles Withee, Jeffrey Hayes, Stephen Duprey, Monica Mezzapelle, 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 Henderson and seconded by Director Duprey, the meeting was adjourned at 2:41 p.m.
Respectfully submitted:
James Key-Wallace
Clerk