BUSINESS FINANCE AUTHORITY NOTICE AND AGENDA
The regular meeting of the Board of Directors is scheduled for
Monday, September 16, 2024, at 2:00 PM, 135 N. State St, Concord, New Hampshire.
- Introduction of Board Members.
- Approval of Board of Directors Public and Nonpublic Minutes for the Meeting of June 17, 2024.
- Nonpublic Session for Consideration of Loans, as applicable.
- Approval of Loan Items and Associated Resolutions as applicable
- Financial Reports– Chris Kreidermacher – Month End – August
- August Lending Reports – Jeremy Stanizzi, CAP Monthly, CAP Statistics/Demographics, Capacity & Lending Report, Quarterly Report – June
- Executive Director’s Report
- Other Business
Dated and mailed: September 12, 2024
Business Finance Authority September 16, 2024 Concord, New Hampshire
BFA BOARD OF DIRECTORS MINUTES
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:02 P.M. at 135 N. State Street, Concord, New Hampshire.
The following Directors were present:
Dick Anagnost, Matthew Benson, Stephen Duprey, Catherine Provencher, Daniel Hendson, Vikram Mansharamani, Monica Mezzapelle. Also present were: James Key-Wallace, Executive Director and Clerk; Jeremy Stanizzi, Senior Credit Officer; Chris Kreidermacher, Chief Financial Officer; John Stoecker National Finance Authority, Lee McCormick, National Finance Authority, Tasfia Jamil, National Finance Authority, Representative Michael Edgar, Kris Moussette, Hinckley Allen.
The following Members were absent:
Representative Murphy and Representative Sanborn, Senator D’Allesandro, Jeff Cook, Credit Analyst.
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the public minutes for the June 17, 2024, Board Meeting.
Upon motion made by Director Duprey and seconded by Director Benson the following action was voted on:
VOTED: To accept the public minutes of the June 17, 2024, Board Meeting.
The following named Directors voted:
Aye: Dick Anagnost, Stephen Duprey, Matt Benson, Vikram Mansharamani, Monica Mezzapelle.
Nay: None
Abstain: Catherine Provencher, Daniel Henderson
The Chairman asked for approval of the nonpublic sealed minutes for the June 17, 2024, Board Meeting.
Upon motion made by Director Duprey and seconded by Director Benson the following action was voted on:
VOTED: To accept the nonpublic minutes of the June 17, 2024, Board Meeting.
The following named Directors voted:
Aye: Dick Anagnost, Stephen Duprey, Matt Benson, Vikram Mansharamani, Monica Mezzapelle.
Nay: None
Abstain: Catherine Provencher, Daniel Henderson
Whereupon the Chairman declared said Board Public and Nonpublic Minutes were adopted.
NONPUBLIC SESSION
At 2:03 p.m. the Board entered into a Nonpublic Session under RSA 162-A:7-10 and RSA 162-A:13 (h) Consideration of applications by the Business Finance Authority, 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 Henderson, the following roll call vote was taken to enter:
Stephen Duprey Yes
Matthew Benson Yes
Vikram Mansharamani Yes
Monica Mezzapelle Yes
Catherine Provencher Yes
Daniel Henderson Yes
Dick Anagnost Yes
Nay: None
Abstain: None
Chairman Anagnost asked for a motion to return to public session and seal the nonpublic minutes. A motion was made by Director Benson and seconded by Director Provencher.
The following named Directors voted:
Aye: Stephen Duprey, Matt Benson, Catherine Provencher, Vikram Mansharamani, Monica Mezzapelle, Dick Anagnost, Daniel Henderson.
Nay: None
Abstain: None
PUBLIC SESSION RESUMED AT 2:09 p.m.
Gorham Community Learning Center, Inc.:
The Chairman asked the Board to enter a motion to approve the loan request from Gorham Community Learning Center, Inc., for up to $230,000.00.
Upon motion made by Director Duprey and seconded by Director Henderson, the following action was voted on:
VOTED: To approve the loan request from Gorham Community Learning Center, Inc., for up to $230,000.00.
The following named Directors voted:
Aye: Dick Anagnost, Stephen Duprey, Matt Benson, Catherine Provencher, Vikram Mansharamani, Monica Mezzapelle, Daniel Henderson
Nay: None
Abstain: None
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 Provencher and seconded by
Director Benson, the meeting was adjourned at 2:30 p.m.
Respectfully submitted:
James Key-Wallace
Clerk