Agenda
The regular meeting of the Board of Directors is scheduled for Monday, October 19, 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 September 21, 2020.
- To consider providing preliminary official intent, with no reservation, to issue a taxable revenue bond for Sig Sauer.
- Note: The project is located in Rochester and the amount of issue is up to $21,100,000.
- To consider approving the issue of up to $21,100,000 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.
- To consider approving the issue of up to $57,500,000 in tax-exempt 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.
- Presentation of the Business Finance Authority’s FY 2020 Audited financials
- Lending Reports for September
- CAP Monthly Loan Report
- CAP Statistics/Demographics
- Capacity Report
- 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 2:28 p.m. at 2 Pillsbury Street, Suite 201, Concord, New Hampshire. The following Directors were present: Dick Anagnost, Charles Withee, Monica Mezzapelle, Jeffrey Hayes, Stephen Duprey, Matthew Benson, Catherine Provencher, Daniel Henderson and Nancy Merrill. Also present were: Senator Jeanne Dietsch, Senator Bob Giuda, 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; Tony Martini, Hinckley Allen & Snyder and Kris Moussette, Hinckley Allen & Snyder; and Karen Carew, Carew & Wells. Absent were: Representative Kermit Williams, and Representative Laurie Sanborn.
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the minutes for September 21, 2020 Board Meeting.
Upon motion made by Director Henderson and seconded by Director Duprey, the following action was approved:
VOTED: To accept the minutes of the September 21, 2020 Board Meeting.
The following named directors voted:
Aye: Dick Anagnost, Monica Mezzapelle, Charles Withee, Daniel Henderson, Catherine Provencher, Stephen Duprey, Matthew Benson, and Nancy Merrill.
Nay: None. Abstain: Jeffrey Hayes.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked the Board to consider providing preliminary official intent, with no reservations, to issue a taxable revenue bond in an amount up to $21,100,000 for Sig Sauer.
Upon motion made by Director Duprey and seconded by Director Withee, the following action was voted on:
VOTED: To approve the request of preliminary official intent, with no reservation, to issue taxable revenue bond in an amount up to $21,100,000 for Sig Sauer.
The following named directors voted:
Aye: Dick Anagnost, Monica Mezzapelle, Charles Withee, Jeffrey Hayes, Stephen Duprey, Matthew Benson, Daniel Henderson, Catherine Provencher, and Nancy Merrill.
Nay: None. Abstain: None.
Where upon the Chairman declared said resolution adopted.
The Chairman asked the Board to consider approving the issue of up to $21,100,000 in taxable financing under RSA 162-I to finance a project for Sig Sauer Inc. and to take all necessary action in relation thereto and to recommend to Governor and Council that they will take favorable action under RSA 162-I:9.
Upon motion made by Director Duprey and seconded by Director Withee, the following action was voted on:
VOTED: To approve the issue of up to $21,100,000 in taxable financing under RSA 162-I to finance a project for Sig Sauer Inc. and to take all necessary action in relation thereto and to recommend to Governor and Council that they will take favorable action under RSA 162-I:9.
The following named directors voted:
Aye: Dick Anagnost, Monica Mezzapelle, Charles Withee, Jeffrey Hayes, Stephen Duprey, Matthew Benson, Daniel Henderson, Catherine Provencher, and Nancy Merrill.
Nay: None. Abstain: None.
Where upon the Chairman declared said resolution adopted.
The Chairman asked the Board to consider approving the issue of up to $57,500,000 in tax-exempt 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 will take favorable action under RSA 162-I:9.
Upon motion made by Director Provencher and seconded by Director Henderson, the following action was voted on:
VOTED: To approve the issue of up to $57,500,000 in tax-exempt 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 will take favorable action under RSA 162-I:9.
The following named directors voted:
Aye: Dick Anagnost, Monica Mezzapelle, Charles Withee, Jeffrey Hayes, Stephen Duprey, Matthew Benson, Daniel Henderson, Catherine Provencher, and Nancy Merrill.
Nay: None. Abstain: None.
Where upon the Chairman declared said resolution adopted.
The Chairman asked Mr. Kreidermacher to review the month end financial report.
The Chairman asked Karen Carew to present the Business Finance Authority’s FY 2020 Audited Financials.
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 Henderson and seconded by Director Withee, the meeting was adjourned at 3:12 p.m.
Respectfully submitted:
James Key-Wallace
Clerk