Agenda
The regular meeting of the Board of Directors is scheduled for Monday, October 18, 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 August 16, 2021.
- Approval of items from Credit Committee, as applicable.
- To consider approving the issue of up to $16,000,000 in taxable financing under RSA 162-I to finance a project for Sig Sauer 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 for June
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- CAP Monthly Loan Report
- CAP Statistics/Demographics
- Capacity Report
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- 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 2:21 p.m. at 2 Pillsbury Street, The Pillsbury Room, Concord, New Hampshire. The following Directors were present: Dick Anagnost, Catherine Provencher, , Charles Withee, Matthew Benson, Monica Mezzapelle, Jeffrey Hayes, and. Also present were: Senator Bob Giuda, , Representative Michael Edgar, 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 Stephen Duprey, Director Jason Syversen, Director Nancy Merrill, Director Daniel Henderson, Senator Gary Daniels, Representative Laurie Sanborn.
The Chairman announced the meeting was open to the public and welcomed all who were present.
The Chairman asked for approval of the minutes for August 16, 2021 Board Meeting.
Upon motion made by Director Provencher and seconded by Director Withee, the following action was approved:
VOTED: To accept the minutes of the August 16, 2021 Board Meeting.
The following named directors voted:
- Aye: Dick Anagnost, Catherine Provencher, Jeffrey Hayes, Charles Withee, Matthew Benson,
- Nay: None.
- Abstain: Monica Mezzapelle.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked the Board to consider approving the issue of up to $16,000,000 in taxable financing under RSA 162-I to finance a project for Sig Sauer 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.
Upon motion made by Director Provencher and seconded by Director Mezzapelle, the following action was voted on:
VOTED: To approve the issue of up to $16,000,000 in taxable financing under RSA 162-I to finance a project for Sig Sauer 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.
The following named directors voted:
- Aye: Dick Anagnost, Monica Mezzapelle, Catherine Provencher, Jeffrey Hayes, Charles Withee, and Matthew Benson.
- Nay: None.
- Abstain: None.
Where upon the Chairman declared said resolution adopted.
The Chairman asked the Board to consider approving the Resolution for a Guarantee Asset Program for Exeter Rent-All LLC from Bank Prov. in the amount of up to $940,000.
Upon motion made by Director Provencher and seconded by Director Mezzapelle, the following action was voted on:
VOTED: To approve the Resolution for a Guarantee Asset Program for Exeter Rent-All LLC from Bank Prov. in the amount of up to $940,000.
The following named directors voted:
- Aye: Dick Anagnost, Monica Mezzapelle, Catherine Provencher, Jeffrey Hayes, and Matthew Benson.
- Nay: None.
- Abstain: Charles Withee.
Where upon 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 Mezzapelle and seconded by Director Provencher, the meeting was adjourned at 2:36 p.m.
Respectfully submitted:
James Key-Wallace
Clerk