TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING, DECEMBER 17, 2008, 11:00 A.M.
OLD COURTHOUSE, 350 FRONT STREET, HEMPSTEAD

AGENDA:  Consideration of an Inducement Resolution for and Presentation by Progressive Insurance Company, Consideration of an Inducement Resolution for and Presentation by  Avalon Bay Communities, Consideration of an Inducement Resolution for and Presentation by CHSGN Long Island Partners, Presentation by 303 Main Residential,  Discussion and Selection of Contractor for the IDA Office Renovation, Consideration of a Resolution for Agency Membership to the Long Island Real Estate Group, Consideration of a Resolution Authorizing IDA staff to attend NYSEDC IDA Section Meeting in Albany in January, Consideration of a Resolution Renewing the Consulting Contract with Gene Turner, Consideration of a Resolution Renewing the Advertising Contract with Bluetooth Creative for 2009, Consideration of a Resolution Renewing an Accounting Contract with Sheehan and Company for 2009, Discussion and Consent relating to the Water Main Easement for Covanta Hempstead LLC, Consideration of a Resolution to Adopt a 2009 Meeting Schedule, Consideration and Discussion of additional Sales Tax Exemption for Chait Properties, Reading and Approval of the Minutes of previous meetings, Committee Updates.

Those in attendance: 	Ted Sasso, Chairman
			Jonathan Kohan, Treasurer
			Ari Brown, Member
			Patricia Mezeul, Member
			Cheryl Petri, Secretary
Paul Conte, Member

Also in attendance:	John Ryan, Ryan, Brennan, Donnelly
Frederick E. Parola, Executive Director/CEO
			Edie M. Longo, Deputy Executive Director/CFO
			Lorraine Rhoads, Agency Administrator
			Arlyn Eames, Deputy Agency Administrator
			William F. Weir, Nixon Peabody

Absent:		Albert D’Agostino, Member
Gene Turner, Consultant

The meeting was called to order at 11:14 a.m.

Progressive Insurance:  No one from Progressive Insurance was in attendance at the meeting.  This item was tabled until the next meeting.

CSHGN:  Louis Soloway, Esq. made a brief presentation to the Board on behalf of Chartwell Partners and who is seeking a Pilot Agreement, Mortgage Recording Tax Exemption, and Sales Tax Exemption.  Chartwell Partners, is seeking to build a 145 room hotel and a parking garage, on Privado Road in Westbury, in partnership with Courtyard by Marriott.  They will be filing for building permits, variances, and a site plan.  Cheryl Petri made a motion to induce this project, subject to receipt of all approvals.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Avalon Bay:  Michael Faltischek, Esq. Made a presentation to the Board on behalf of Avalon Bay, a 349 unit complex located at 80-100 Banks Avenue, Rockville Centre.  Avalon Bay plans to construct rental apartments on a 1 story parking structure, on approximately 7.1 acres of land in the Village of Rockville Centre.  A preliminary Inducement was adopted for this project on 7/25/07.  Jonathan Kohan made a motion to induce this project, subject to receiving all Village approvals.  This motion was seconded by Cheryl Petri.  All were in favor.  Motion carried.

Executive Director’s Report: was furnished to the Board.  Fred Parola informed the Board that he has not received an update on the status of the purchase of the Garden City Hotel.  The Board was furnished with copies of the letter sent by the IDA to Mr. Allen Rosenberg of Alrose GCH LLC requesting an update.

Cheryl Petri made a motion to go into Executive Session.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Cheryl Petri made a motion to come out of Executive Session.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.

303 Main Residential:  Eric Rubenstein, Esq., of Ruskin, Moscou, Faltischek made a presentation with regard to the request for a 25 year Pilot Agreement, with annual escalations for the project known as 303 Main Residential LLC.  Maria Rigopoulos from 303 Main also made a presentation describing the Alexan on Main, a 166-unit apartment building to be built in the Village of Hempstead.  Joe Tore of 303 Main also spoke and added that the request for a 25 year Pilot  Agreement, was due to the current market climate.  After a thoughtful discussion, it was decided by the Board that the decision should be tabled until the next meeting.  This item will appear on the January 28th meeting Agenda.

Renovation update:  Fred Parola advised Board that the IDA staff has considered three proposals and has decided on the Five Points Corporation to expand and renovate the IDA offices, pending approval by the Board.  Ted Sasso made a motion to allow the Executive Director to hire the firm of his choice for the renovation.  This motion was seconded by Paul Conte.  All were in favor.  The motion carried.

Long Island Real Estate Group:  Paul Conte made a motion to approve the membership of the IDA, for a cost not to exceed $350 per year, in the Long Island Real Estate Group.  This motion was seconded by Ted Sasso.  All were in favor.  The motion carried.

NYS EDC IDA Section Meeting:  Pat Mezeul made a motion to authorize IDA staff to attend the NYS EDC IDA Section Meeting January 20-22, 2009 in Albany.  This motion was seconded by Cheryl Petri.  All were in favor.  Motion carried.  

Gene Turner:  Ted Sasso made a motion to renew the consulting contract with Gene Turner for January 1 – December 31, 2009, for an amount not to exceed $24,000 per year.  This motion was seconded by Pat Mezeul.  All were in favor.  Motion carried.

Advertising:  Paul Conte made a motion to adopt a resolution to authorize the Executive Director to execute the contract for advertising with Bluetooth Creative Group.  This motion was seconded by Pat Mezeul.  All were in favor.  Motion carried.

Sheehan and Company:  Ted Sasso made a motion to renew the accounting contract with Sheehan and Company for January 1- December 31, 2009 for an amount not to exceed $23,625.00.  This motion was seconded by Pat Mezeul.  All were in favor.  Motion carried.

Covanta Easement:  Jonathan Kohan made a motion to consent to the construction of a new water main in addition to the current water main easement.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.

Meeting Schedule:  Ted Sasso made a motion to adopt an IDA Board Meeting schedule for 2009.  This motion was seconded by Pat Mezeul.  All were in favor.  Motion carried.

Chait Properties:  Chait Properties made a request of the Board for a fourth Sales Tax Exemption extension.  This request was denied by the Board.

Minutes:  Ted Sasso made a motion to adopt the Minutes for the October 29, 2008 meeting.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.  Jonathan Kohan made a motion to adopt the Minutes of the November 19, 2008 meeting.  This motion was seconded by Pat Mezeul.  All were in favor.  Motion carried.

Health Benefits Resolution: Jonathan Kohan made a motion to authorize the Executive Director to enter into an agreement with an actuary firm to establish a trust account, and set aside money to cover health insurance for IDA employees post retirement. This motion was seconded by Pat Mezeul.  All were in favor.  Motion carried.  This item will appear on the January meeting agenda for an update.

Treasurer’s Report: The Board was furnished with a copy of the financial statements and expenditure list for the period of November 19 - December 16, 2008.

Committee Reports:  There were no Committee reports.  Meetings will be held in January.

With all business concluded, Cheryl Petri made a motion to close the meeting at 12:40 p.m.  This motion was seconded by Ted Sasso.  All were in favor.  Motion carried.

________________________________________
Cheryl Petri, Secretary
January 28, 2009