The regular meeting of the Board of Directors is scheduled for Monday, September 16, 2019 at 2:00PM, Pillsbury Meeting Room, 2 Pillsbury Street, Concord, New Hampshire..
Agenda
- Introduction of Board Members.
- Approval of Minutes for the Board Meeting of August 19, 2019.
- To consider approving a request from Primary Bank to execute the standard contract
entitled “Capital Access Program: Lender Participation Agreement” and to participate in the Authority’s Capital Access Program. - To consider approving all of the Administrative Officers of the NH Business Finance Authority: Executive Director, Senior Credit Officer and Chief Financial Officer, to be authorized signatories on all Capital Access Program (CAP) bank accounts.
- Month End Financial Reports – William C. Rushforth
- Lending Reports
- CAP Loan Report
- Available Capacity by Program
- Executive Director’s Report.
- Nonpublic Session.
- Other Business
Minutes
Business Finance Authority
September 16, 2019
Concord, New Hampshire
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:25 p.m. at 2 Pillsbury Street, Pillsbury Meeting Room, Concord, New Hampshire. The following Directors were present: Dick Anagnost, Bill Dwyer, Daniel Henderson, Jeffrey Hayes, and Nancy Merrill. Present via telephone were Senator Jeanne Dietsch, Directors Stephen Duprey, Matthew Benson, Catherine Provencher. Absent were Director Charles Withee, Senator Bob Giuda, Representative Kermit Williams and Representative Laurie Sanborn. Also present were: James Key-Wallace, Executive Director and Clerk; William Rushforth, Chief Financial Officer; Jeremy Stanizzi, Senior Credit Officer; and Kris Moussette, Hinckley Allen & Snyder.
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the minutes August 19, 2019 Board Meeting.
Upon motion made by Director Dwyer and seconded by Director Henderson, the following action was unanimously approved:
VOTED: To accept the minutes of the August 19, 2019 Board Meeting.
The following named directors voted:
Aye: Dick Anagnost, Bill Dwyer, Daniel Henderson, Jeffrey Hayes, Nancy Merrill, Stephen Duprey, Matthew Benson, and Catherine Provencher. Nay: None. Abstain: None.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked to Board to consider a request from Primary Bank to execute the standard contract entitled “Capital Access Program: Lender Participation Agreement” and to participate in the Authority’s Capital Access Program.
Upon motion made by Director Henderson and seconded by Director Hayes, the following action was unanimously approved:
VOTE: To approve the request from Primary Bank to execute the standard contract entitled “Capital Access Program: Lender Participation Agreement” and to participate in the Authority’s Capital Access Program.
The following named directors voted:
Aye: Bill Dwyer, Daniel Henderson, Jeffrey Hayes, Nancy Merrill, Matthew Benson, and Catherine Provencher. Nay: None. Abstain: Stephen Duprey and Dick Anagnost.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked to Board to consider approving all of the Administrative Officers of the NH Business Finance Authority: Executive Director, Senior Credit Officer and Chief Financial Officer, to be authorized signatories on all Capital Access Program (CAP) bank accounts.
Upon motion made by Director Hayes and seconded by Director Merrill, the following action was unanimously approved:
VOTE: To approve all of the Administrative Officers of the NH Business Finance Authority: Executive Director, Senior Credit Officer and Chief Financial Officer, to be authorized signatories on all Capital Access Program (CAP) bank accounts.
The following named directors voted:
Aye: Dick Anagnost, Stephen Duprey, Bill Dwyer, Daniel Henderson, Jeffrey Hayes, Nancy Merrill, Matthew Benson, and Catherine Provencher. Nay: None. Abstain: None.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked Mr. Rushforth to review the month end financial report.
The Chairman asked Mr. Stanizzi to review the loan reports.
The Chairman asked Mr. Key-Wallace to review the Director’s Report.
The Chairman asked the Board to consider a request from Paragon Digital, LLC for $210,000 under the Business Energy Conservation Revolving Loan Fund.
Upon motion made by Director Dwyer and seconded by Director Merrill, the following action was voted on:
VOTE: To approve the request from Paragon Digital, LLC for up to $210, 000 under the Business Energy Conservation Revolving Loan Fund.
The following named directors voted:
Aye: Dick Anagnost, Stephen Duprey, Bill Dwyer, Daniel Henderson, Jeffrey Hayes, Nancy Merrill, Matthew Benson, and Catherine Provencher. Nay: None. Abstain: None.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked the Board to consider a request from Rochester Economic Development Commission for up to a $3,000,000 loan under the Aid to Local Development Organizations (ALDO).
Upon motion made by Director Merrill and seconded by Director Hayes, the following action was voted on:
VOTE: To approve the request from Rochester Economic Development Commission for up to a $3,000,000 loan under the Aid to Local Development Organizations (ALDO).
The following named directors voted:
Aye: Stephen Duprey, Bill Dwyer, Daniel Henderson, Jeffrey Hayes, Nancy Merrill, Matthew Benson, and Catherine Provencher. Nay: None. Abstain: Dick Anagnost.
Whereupon the Chairman declared said resolution adopted.
There being no further business and upon motion made and seconded, the meeting was adjourned at 3:15 p.m.
Respectfully submitted:
James Key-Wallace
Clerk