BUSINESS FINANCE AUTHORITY NOTICE AND AGENDA
The regular meeting of the Board of Directors is scheduled for
Tuesday, October 18, 2022, at 2:00PM, 135 N. State St, Concord, New Hampshire.
- Introduction of Board Members.
- Approval of Minutes for the Board Meeting of September 19, 2022.
- Nonpublic Session for Consideration of Loan and for Credits, as applicable.
- Approval of items and associated Resolutions from Credit Committee, as applicable.
- CAP Claim – Brahm C1 NH, LLC
- Financial Reports– Chris Kreidermacher.
- Month End September 2022
- Lending Reports – Jeremy Stanizzi.
- CAP Monthly
- CAP Statistics/Demographics
- Capacity Report
- Executive Director’s Report.
- Other Business.
Dated and mailed: October 12, 2022
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OCTOBER 18, 2022 BFA BOARD OF DIRECTOR’S MINUTES – CONCORD NEW HAMPSHIRE
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:04 p.m. at 135 N. State Street, Concord, New Hampshire. The following Directors were present:
Dick Anagnost, Matthew Benson, Stephen Duprey, Jeff Hayes, Nancy Merrill, Monica Mezzapelle, and Charles Withee. Also present were: James Key-Wallace, Executive Director and Clerk; Jeremy Stanizzi, Senior Credit Officer, Chris Kreidermacher, Chief Financial Officer, Jeff Cook, Credit Analyst, John Stoker, National Finance Authority, Ben Barker, National Finance Authority, Representative Edgar, and Kris Moussette, Hinkley Allen. Absent were: Director Dan Henderson, Director Catherine Provencher, Director Jason Syversen, Deb Intonti, Executive Assistant, Senator Daniels, Senator Giuda, and Representative Sanborn.
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the minutes for the September 19, 2022, Board Meeting.
Upon motion made by Director Withee and seconded by Director Hayes, the following action was voted on:
VOTED: To accept the minutes of the September 19, 2022, Board Meeting.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Jeff Hayes, Nancy Merrill, and Charles Withee
Nay: None.
Abstain: Stephen Duprey and Monica Mezzapelle
Whereupon the Chairman declared said resolution adopted.
At 2:05 p.m., the Chairman asked the Board to consider a nonpublic session. The purpose of the nonpublic session was for the following reason:
Consideration of applications by the Business Finance Authority under RSA 162-A:7-10 and RSA 162-A:13, where consideration of confidential, commercial, or financial information that is exempt from public disclosure; and matters which if discussed in public, would likely affect adversely the reputation of any person, other than a member of the public body itself.
Upon motion to go into nonpublic session made by Director Duprey and seconded by Director Hayes, the following roll call vote was taken to enter:
Dick Anagnost Yes
Matthew Benson Yes
Stephen Duprey Yes
Jeff Hayes Yes
Nancy Merrill Yes
Monica Mezzapelle Yes
Charles Withee Yes
Following a vote of the Board to enter into a nonpublic session, the minutes of the nonpublic session are hereby recorded.
At 2:16 p.m. the Chairman asked for a motion to return to the public meeting of the Board of Directors and seal the nonpublic minutes.
Upon motion made by Director Duprey and seconded by Director Hayes,
VOTED: To return to the public meeting and seal the nonpublic minutes.
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Jeff Hayes, Nancy Merrill, Monica Mezzapelle, and Charles Withee
Nay: None
Abstain: None
The Chairman asked for approval of a Loan of up to $330,000 to SLPHQ, LLC (under the Business Energy Program).
Upon motion made by Director Duprey and seconded by Director Merrill, the following action was voted on:
VOTED: To approve a Loan of up to $330,000 to SLPHQ, LLC (under the Business Energy Program).
The following named Directors voted:
Aye: Dick Anagnost, Matthew Benson, Stephen Duprey, Jeff Hayes, Nancy Merrill, Monica Mezzapelle, and Charles Withee
Nay: None
Abstain: None
Whereupon the Chairman declared said resolution adopted.
The Chairman asked Mr. Stanizzi to review the CAP claim specific to Brahm C1 NH, LLC.
The Chairman asked Mr. Kreidermacher to review the month end Financial Reports.
The Chairman asked Mr. Stanizzi to review the Lending Reports.
The Chairman asked Mr. Key-Wallace to present the Executive Director’s Report.
There being no further business and upon motion made by Director Merrill and seconded by
Director Hayes, the meeting was adjourned at 2:49 p.m.
Respectfully submitted:
James Key-Wallace
Clerk