September 15, 2022 BFA Board Meeting

BUSINESS FINANCE AUTHORITY NOTICE AND AGENDA

The regular meeting of the Board of Directors is scheduled for

Monday, September 19, 2022, at 2:00PM, 135 N. State St, Concord, New Hampshire.

  1. Introduction of Board Members.
  2. Approval of Minutes for the Board Meeting of August 15, 2022.
  3. Approval of items from Credit Committee, as applicable.
  4. Approval of Haverhill Bank – Request to Join CAP Program
  5. Renewal of a 75% WAG on a $750,000 LOC from TD Bank to Tri County Community Action Plan
  6. Financial Reports– Chris Kreidermacher.
  7. Month End August 2022
  8. Lending Reports – Jeremy Stanizzi.
  9. CAP Monthly
  10. CAP Statistics/Demographics
  11. Capacity Report
  12. Executive Director’s Report.
  13. Nonpublic Session.
  14. Other Business.

Dated and mailed:  September 13, 2022

BFA BOARD OF DIRECTOR’S MINUTES – September 19, 2022

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, Daniel Henderson, Nancy Merrill, Catherine Provencher, Charles Withee, Jeff Hayes, and Jason Syversen. Also present were: Senator Bob Giuda, Representative Michael Edgar, James Key-Wallace, Executive Director, and Clerk; Jeremy Stanizzi, Senior Credit Officer, Jeff Cook, Credit Analysis, Deb Intonti, Executive Assistant, and John Stoecker, National Finance Authority, Kris Moussette, Hinkley Allen. Absent were: Director Stephen Duprey, Director Monica Mezzapelle, Senator Gary Daniels, Representative Laurie Sanborn and Chris Kreidermacher, Chief Financial Officer.

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

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 Provencher and seconded by Director Withee, the following roll call vote was taken to enter:

Director Anagnost                  Yes

Director Henderson                Yes

Director Provencher                Yes

Director Withee                      Yes

Director Benson                      Yes

Director Hayes                        Yes

Director Merrill                       Yes

Director Syversen                   Yes

Following a vote of the Board to enter into a nonpublic session, the minutes of the nonpublic session are hereby recorded.

At 2:10 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 Withee, seconded by Director Provencher.

VOTED: To return to the public meeting and seal the nonpublic minutes.

The following named Directors voted:

Aye: Dick Anagnost, Matthew Benson, Daniel Henderson, Jeff Hayes, Nancy Merrill

Catherine Provencher, Charles Withee and Jason Syversen.

Nay: None.

Abstain: None.

The Chairman asked for approval of the minutes for August 15, 2022, Board Meeting.

Upon motion made by Director Henderson and seconded by Director Provencher, the following action was voted on:

VOTED: To accept the minutes of the August 15, 2022, Board Meeting.

The following named Directors voted:

 Aye: Dick Anagnost, Matthew Benson, Daniel Henderson, Jeff Hayes, Catherine Provencher,

Charles Withee and Jason Syversen.

Nay: None.

Abstain: Nancy Merrill

 Whereupon the Chairman declared said resolution adopted.

The Chairman asked for approval of Haverhill Bank request to join the CAP Program.

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

VOTED: To approve Haverhill Bank to join the CAP Program.

The following named Directors voted:

Aye: Dick Anagnost, Matthew Benson, Daniel Henderson, Jeff Hayes, Nancy Merrill, Catherine Provencher, Charles Withee and Jason Syversen.

Nay: None.

Abstain: None.

Whereupon the Chairman declared said resolution adopted.

The Chairman asked Mr. Key-Wallace to review the month end Financial Reports.

The Chairman asked Mr. Stanizzi to review Lending Reports.

The Chairman asked for a vote to approve the renewal of the 75% WAG on a $750,000 LOC from TD Bank to Tri County Community Action Program.

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

VOTED: To approve the renewal of the 75% WAG on a $750,000 LOC from TD Bank to Tri County Community Action Program.

The following named Directors voted:

Aye: Dick Anagnost, Matthew Benson, Daniel Henderson, Jeff Hayes, Nancy Merrill, Catherine Provencher, Charles Withee and Jason Syversen.

Nay: None.

Abstain: None.

Whereupon the Chairman declared said resolution adopted.

The Chairman asked Mr. Key-Wallace to present the Executive Director’s Report.

There being no further business and upon motion made by Director Syversen and seconded by

Director Withee, the meeting was adjourned at 2:36 p.m.

Respectfully submitted:

James Key-Wallace

Clerk

 

 

 



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