CONSTRUCTION WAGE POLICY
TOWN OF HEMPSTEAD
INDUSTRIAL DEVELOPMENT AGENCY
EFFECTIVE January 1, 2017

	The purpose of the Hempstead IDA is to provide benefits that reduce costs and financial barriers to the creation and to the expansion of business and enhance the number of jobs in the Town.

	The Agency has consistently sought to ensure that skilled labor construction jobs in compliance with the state prevailing wage be encouraged in projects funded by the issuance of IDA tax exempt bonds in large projects.

	The policy of the Town of Hempstead IDA with respect to prevailing wage shall apply to any project as defined in Article XIV of the General Municipal Law of the State of New York for which financial assistance is sought with anticipated hard construction costs in excess of $5,000,000.00 per site received after January 1, 2017 & prior to January 1, 2018.

	Any applicant to the Agency for tax-exempt bonds to finance all or a portion of the construction costs of a project shall agree to:

a (i)	Employ 90% of the workers for the project from within Nassau or Suffolk
Counties; and purchase 90% of the building materials from within the bi-
County region.
             
	a (ii)	Be governed by the prevailing wage requirements of Section 220 of 
                        Article 8 of the Labor Law of the State of New York; and when requested
 		by the Agency, implement an apprenticeship program that considers the 
		intent of Town of Hempstead Resolution 440-2002 adopted May 7, 2002;

OR

	b (i)	Provide to the Agency a fully executed project labor agreement with the
		Building & Construction Trades Council of Nassau & Suffolk Counties
		which shall cover all construction trade employees anticipated to work on
		the project; and

	b (ii)	Such project labor agreement shall be binding upon all parties and
		applicable to all construction costs attendant to the project for which 
		benefits have been provided.

	Furthermore, this policy may be waived, at the sole and final discretion of the Agency, in the event that the applicant demonstrates to the Agency special circumstances or economic hardship to justify a waiver to be in the best interests of the town of Hempstead.  This policy shall expire at the close of business (5:00 p.m. EST) on December 31, 2017.

Adopted:  January 26, 2017
     (ayes)  
     (nays)  
  
Resolution Number: 004-2017