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Votes at a glance: board approves consent agenda, CPACE transaction, linked‑deposit extension, write‑offs, Green Liberty expansion and vice‑chair appointment
Summary
The board unanimously approved the consent agenda and multiple resolutions including a CPACE solar financing, extension of a linked‑deposits pilot, write‑offs of legacy loans, expansion of Green Liberty Notes, and appointment of Andy Frank as vice chair.
The Connecticut Green Bank board carried a number of formal actions during its June 26 meeting. Key outcomes:
- Resolutions 1–3 (consent agenda): Approval of minutes from April 24, three director‑level position descriptions and a CPACE time extension previously approved by the board. Motion was moved, seconded and approved by voice vote.
- Resolution 4: The Budget Operations and Compensation Committee presented its recommendation; the board approved the committee’s recommendation (motion and a second were recorded).
- Resolution 5: The board approved a CPACE financing for a 78,000‑square‑foot retail conversion in Berlin featuring a 299 kW rooftop solar array; owner requested a 20‑year loan at 5.25% for $770,000.
- Resolution 6: The board authorized an extension of the linked‑deposits pilot with Mutual Security Credit Union (MSCU) through Sept. 30 to allow the institution to reach the program cap and allow staff time to reframe the program.
- Resolution 7: The board approved write‑offs of roughly $110,000 in legacy Solar Lease 1 loans (13 customers over 1,000 days delinquent) after staff and legal review concluded recovery costs were prohibitive.
- Resolution 8: The board approved expansion of the Green Liberty Notes program to permit project‑linked and multi‑year issuances and to authorize staff to implement an optional donation feature and selection criteria with the Honeycomb platform.
- Resolution 10: The board approved the nomination and appointment of Deputy Commissioner Andy Frank (DEEP) as the Bank’s vice chair; Andy Frank accepted the nomination.
Where votes were recorded, staff conducted standard voice votes and recorded ayes; detailed roll‑call tallies with individual votes were not provided in the transcript for most resolutions.
