TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
ANNUAL ORGANIZATIONAL BOARD MEETING
JANUARY 23, 2014*, 9:00 a.m.
OLD COURTHOUSE, 350 FRONT STREET, HEMPSTEAD

*This meeting was rescheduled from January 22, 2014.

Agenda:  Consideration of an Sales Tax Exemption for Dover Gourmet, Presentation and Consideration of an Amended and Restated PILOT Agreement and Lease Agreement and related documents from West Hempstead Development to 130 Hempstead Avenue, Presentation and Consideration of an Inducement for Parabit Systems, Executive Directors Report, Discussion and Update of CBW Hotel, Discussion PILOT Agreements/Tax Bills for Dentaco and Magna Care, Distribution of Self Evaluation forms, Consideration and Adoption of the Construction Wage Policy, Appointment of Bond/Transaction Counsel, Appointment of Agency Counsel, Appointment of Agency Committees, Appointment of Officers, Update Circulo de la Hispanidad, Update and Discussion NEFCU non-payment, Consideration and Adoption of the Minutes of December 18, 2013 Board Meeting, Consideration and Adoption of the Minutes of December 18, 2013 Luncheon Meeting, Report of the Treasurer, Consideration of Salary Increases for the Executive Director, Deputy Executive Director, Agency Administrator, Deputy Financial Officer, and Deputy Agency Administrator, Executive Session, Committee Updates

Those in attendance: 	Ted Sasso, Chairman
			Ari Brown, Secretary
			Danny Grodotzke, Member
			Rich Bianculli, Member
			Ray Maguire, Member

Also in attendance:	John E. Ryan, Agency Counsel 
William F. Weir, Nixon Peabody
Frederick E. Parola, Executive Director/CEO
Edie M. Longo, Deputy Executive Director/CFO
Lorraine Rhoads, Agency Administrator
                                    	Arlyn Eames, Deputy Financial Officer
			Michael Lodato, Deputy Agency Administrator                        
			Cheryl Petri, Office of the Supervisor

Excused:		Paul Conte, Vice Chairman									
The meeting was called to order at 9:17 a.m.

Dover Gourmet:  The Agency received a letter from Butch Yamali, President of Dover Gourmet, 27 St. John’s Place Freeport, requesting an extension of time for the Sales Tax Exemption due to renovation delays and financial losses caused by Superstorm Sandy.  Ted Sasso made a motion to extend the Sales Tax Exemption for Dover Gourmet for an additional six months to June 30, 2014, in an amount not to exceed the original amount of $600,000.00.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

130 Hempstead Avenue Apartment Investors LLC:  130 Hempstead Avenue Apartment Investors LLC made a presentation to the Board stating their proposed acquisition of the 192,000 square foot, 150 unit, 4-story, market-rate residential property located at 130 Hempstead Avenue, West Hempstead.  Ari Brown made a motion to adopt the Amended and Restated PILOT Agreement, Lease Agreement, and related documents, thereby assigning all benefits from West Hempstead Station LLC to 130 Hempstead Avenue Apartment Investors LLC.  This motion was seconded by Ray Maguire.  All were in favor.  Motion carried.

Parabit Realty LLC:  Frank Davis, Esq. (Forchelli, Deegan, Curto, Schwartz, Mineo, Tarrana) and Rob Leiponis, President of Parabit Realty LLC, made a presentation to the Board on a new project for Parabit Systems, a manufacturing facility for telecommunications and security systems.  The project will include the renovation and expansion of the company’s existing 25,000 square foot facility, located at 33-35 Debevoise Avenue, Roosevelt, and the acquisition and renovation of a building at 2677 Grand Avenue, Bellmore.  Parabit is seeking Sales Tax Exemptions for the renovation of both properties, an extension of the existing PILOT Agreement, Mortgage Recording Tax Exemption for the purchase of the new property and a PILOT Agreement for the new property. Ted Sasso made a motion to induce this project.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

Executive Directors Report:  The Board was furnished with a copy of the Executive Director’s Report.  Fred Parola updated the Board on the status of several projects.

CBW Hotel:  This item was for discussion purposes only.  There was no update.

Update on PILOT Agreements/Tax Bills for Dentaco and Magna Care:  John Ryan advised the Board that he had been in touch with counsel for both of these terminated projects and that the Agency would be defended as indemnified as to responsibility for taxes after the PILOT Agreements had been terminated.

Self-Evaluation forms:  Self-Evaluation forms were distributed to the Board Members to fill out and return to the Agency.

2014 Construction Wage Policy: Ted Sasso made a motion to adopt the 2014 Town of Hempstead IDA Construction Wage Policy, as amended with correct dates.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Appointment of Bond/Transaction Counsel for 2014:  Ray Maguire made a motion to renew the appointment of Nixon Peabody as Bond and Transaction Counsel to the IDA for 2014.  This motion was seconded by Ted Sasso.  All were in favor.  Motion carried.

Appointment of Agency Counsel for 2014:  Ted Sasso made a motion to renew the appointment of John E. Ryan as Agency Counsel to the IDA for 2014.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Appointment of Committees for 2014:  Ted Sasso made a motion to appoint members to the Agency’s Committees for 2014.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

Appointment of Officers for 2014:  Ray Maguire made a motion to elect and appoint Chairman Theodore P. Sasso, Vice Chairman Paul Conte, Secretary Ari Brown, and Treasurer Jonathan Kohan as officers of the Town of Hempstead IDA for 2014.   This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

Circulo de la Hispanidad:  This item was for discussion purposes only.  There was no update.

NEFCU:  This item was for discussion purposes only.  There was no update.

Minutes:  Danny Grodotzke made a motion to adopt the Minutes of December 18, 2013 Board Meeting as presented to the Board.  This motion was seconded by Ray Maguire.  All were in favor.  Motion carried.  Danny Grodotzke made a motion to adopt the Minutes of December 18, 2013 Luncheon Meeting as presented to the Board.  This motion was seconded by Ray Maguire.  All were in favor.  Motion carried.

Report of the Treasurer:  The Board was furnished with copies of the Financial Statements and Expenditure List for December 12, 2013 – January 15, 2014.  Fred Parola advised the Board that the Agency met their budget for 2013 and expected to meet their budget for 2014. Ted Sasso made a motion to authorize budget line transfers for 2013.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Executive Session:  Ted Sasso made a motion to go into Executive session at 10:10 a.m. to discuss matters of personnel.  This motion was seconded by Ray Maguire.  Ted Sasso made a motion to come out of Executive session at 10:14 a.m.  This motion was seconded by Ari Brown.

Salary Increases:   
Ted Sasso made a motion to increase the Executive Director salary to $163,894.00 for 2014.  
This motion was seconded by Ari Brown.  All were in favor.  Motion carried.
Ted Sasso made a motion to increase the Deputy Executive Director salary to $128,544.00 for 2014.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.
Ted Sasso made a motion to increase the Agency Administrator salary to $93,195.00 for 2014.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.
Ted Sasso made a motion to increase the Deputy Financial Officer salary to $65,978.00 for 2014.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.
Ted Sasso made a motion to increase the Deputy Agency Administrator salary to $63,815.00 for 2014.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

With all business concluded, Ari Brown made a motion to close the meeting at 10:18 a.m..  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

________________________________________
Ari Brown, Secretary 
February 26, 2014