TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
ANNUAL ORGANIZATIONAL BOARD MEETING
JANUARY 27, 2016, 9:00 a.m.
Old Courthouse, 350 Front Street, 2nd Floor, Hempstead

Agenda:  Consideration of an Authorizing Resolution for Beechwood Portofino, Consideration of an Amended Authorizing Resolution for Garden City 505 to include Mortgage Recording Tax Exemption, Consideration of a Tenant Consent for All Risks Ltd. at 900 Stewart Avenue, Consideration of a Tenant Consent for Massachusetts Mutual Life Insurance Company at 900 Stewart Avenue, Consideration of a Tenant Consent for Re/Max at 900 Stewart Avenue, Consideration of a Tenant Consent for Robert W. Baird and Co. Inc. at 900 Stewart Avenue, Consideration of a Tenant Consent for South Nassau Hospital at Angion Biomedica, Consideration of a Tenant Consent for Home Goods at Green Acres Adjacent, Consideration of a Tenant Consent for Sterling Optical at Valley Stream Green Acres, Consideration of a Tenant Consent for Eli Sound/Cell Nation at Valley Stream Green Acres, Consideration of a Tenant Consent for MK First Food Inc. at Valley Stream Green Acres, Executive Director’s Report, Status of PILOT Amendment to correct Legal Description and adjust PILOT Schedule for Open Link Financial and Flushing Bank, Consideration of a Resolution to Amend the Agency’s Fee Schedule, Consideration of a Resolution appointing Officers for 2016, Consideration of a Resolution appointing John E. Ryan as Agency Counsel, Consideration of a Resolution appointing Nixon Peabody as Transaction/Bond Counsel, Consideration of a Resolution of Committee Appointments, Consideration of a Resolution to re-adopt the Agency’s Construction Wage Policy, Consideration of a Resolution to purchase a NYS Labor Poster to be displayed in the IDA Office, Discussion of Cheryl Allison vs. the Town of Hempstead IDA/JDM Long Island LLC, Update Circulo de la Hispanidad, Update Shor Yoshuv, Consideration and Adoption of the Minutes of December 16,2015, Report of the Treasurer, Executive Session

Those in attendance: 	Ted Sasso, Chairman
			Ari Brown, Vice Chairman
			Jonathan Kohan, Treasurer
			Danny Grodotzke, Secretary
			Ray Maguire, Member
			Ann DeMichael, Member

Also in attendance:	John E. Ryan, Agency Counsel 
Barry Carrigan, 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                        
			
Excused:		Cheryl Petri, Office of the Supervisor
					
The meeting was called to order at 9:00 a.m.  The Chairman declared a quorum was present.

Beechwood Portofino:  Ann DeMichael made a motion to adopt an Authorizing Resolution for Beechwood Portofino, a market-rate apartment building and extended stay hotel to be constructed adjacent to the Meadowbrook Pointe property on Corporate Drive in Westbury.  The 6-story, 195-unit building will also include a gym, game and billiards room, library, swimming pool, and a full service restaurant.  Benefits will include a 20 year PILOT Agreement, Sales Tax Exemption and Mortgage Recording Tax Exemption.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Garden City 505 LLC:  Garden City 505 LLC, 1000 Stewart Avenue, Garden City.  Jonathan Kohan made a motion to adopt an Amended Authorizing Resolution for Garden City 505 to include Mortgage Recording Tax Exemption.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

900 Stewart Owner LLC – Tenant Consent for All Risks Ltd.:  Ted Sasso made a motion to approve a Tenant Consent for All Risks Ltd. for 900 Stewart Owner LLC.  The company will occupy 3,526 square feet of space at 900 Stewart Avenue, Garden City.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

900 Stewart Owner LLC – Tenant Consent for Massachusetts Mutual Life Insurance Company:  Ted Sasso made a motion to approve a Tenant Consent for Massachusetts Mutual Life Insurance Company for 900 Stewart Owner LLC.  The company will occupy 9,040 square feet of space at 900 Stewart Avenue, Garden City.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

900 Stewart Owner LLC – Tenant Consent for Re/Max:  Jonathan Kohan made a motion to approve a Tenant Consent for Re/Max for 900 Stewart Owner LLC.  The company will occupy 3,544 square feet of space at 900 Stewart Avenue, Garden City.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

900 Stewart Owner LLC – Tenant Consent for Robert W. Baird and Co. Inc.:  Ari Brown made a motion to approve a Tenant Consent for Robert W. Baird and Co. Inc. for 900 Stewart Owner LLC.  The company will occupy 1,500 square feet of space at 900 Stewart Avenue, Garden City.   This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

Angion Biomedica – Tenant Consent for South Nassau Hospital:  Ted Sasso made a motion to approve a Tenant Consent for South Nassau Hospital for Angion Biomedica.  The company will occupy 25,000 square feet of space at 51 Charles Lindbergh Boulevard, Uniondale. This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

Ray Maguire arrived at the meeting at 9:07 a.m.

Green Acres Adjacent - Tenant Consent for Home Goods:  Jonathan Kohan made a motion to approve a Tenant Consent for Home Good Inc. for Green Acres Adjacent.  The company will occupy 20,168 square feet of space at 750 West Sunrise Highway, Valley Stream.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

Valley Stream Green Acres – Tenant Consent for Sterling Optical:  Ted Sasso made a motion to approve a Tenant Consent for Sterling Vision of Green Acres LLC (Sterling Optical).  The company will occupy 1,188 square feet of space at 2034 Green Acres Road South, Valley Stream. This motion was seconded by Ray Maguire.  All were in favor.  Motion carried.

Valley Stream Green Acres – Tenant Consent for Eli Sound/Cell Nation:  Ari Brown made a motion to approve a Tenant Consent for Eli Sound/Cell Nation.  The company will occupy 120 square feet of space at 2034 Green Acres Road South, Valley Stream.  This motion was seconded by Ray Maguire.  All were in favor.  Motion carried.

Valley Stream Green Acres – Tenant Consent for MK First Food Inc.:  Danny Grodotzke made a motion to approve a Tenant Consent for MK First Food Inc. dba My Kitchen Salad Bar.  The company will occupy 591 square feet of space at 2034 Green Acres Road South, Valley Stream.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Executive Directors Report:  The Board was furnished with a copy of the Executive Director’s Report. 

Edie Longo arrived at the meeting at 9:11 a.m. 

PILOT Amendments for Openlink Financial and Flushing Bank:  This item was tabled.

Fee Schedule:  Jonathan Kohan made a motion to approve the Agency’s Fee Schedule for 2016.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

Appointment of Officers for 2016:  Ray Maguire made a motion to elect and appoint Chairman Theodore P. Sasso, Vice Chairman Ari Brown, Secretary Danny Grodotzke, and Treasurer Jonathan Kohan as officers of the Town of Hempstead IDA for 2016.   This motion was seconded by Ted Sasso.  All were in favor.  Motion carried.

Appointment of Agency Counsel for 2016:  Ted Sasso made a motion to renew the appointment of John E. Ryan as Agency Counsel to the IDA for 2016.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Appointment of Bond/Transaction Counsel for 2015:  Ted Sasso made a motion to renew the appointment of Nixon Peabody as Bond and Transaction Counsel to the IDA for 2016.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

Appointment of Committees for 2016:  Ari Brown made a motion to appoint members to the Agency’s Committees for 2016.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

2016 Construction Wage Policy: Jonathan Kohan made a motion to re-adopt the Agency’s Construction Wage Policy for 2016.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

NYS Labor Poster:  Ted Sasso made a motion to purchase a New York State Labor Poster to be displayed in the IDA Office for an amount not to exceed $20.00.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

Discussion of Cheryl Allison vs. the Town of Hempstead IDA/JDM Long Island LLC:  John Ryan briefed the Board on this case which set a precedent that the Agency is not culpable in instances of slip and fall.

Circulo de la Hispanidad:  This item was tabled.

Shor Yoshuv:  This item was tabled.

Minutes:  Ray Maguire made a motion to adopt the Minutes of the meeting of December 16, 2015.  This motion was seconded by Ari Brown.  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 10, 2015 – January 20, 2016.  Edie Longo advised the Board that budget line transfers were necessary.   Jonathan Kohan made a motion to authorize budget line transfers for calendar year 2015.  This motion was seconded by Ted Sasso.  All were in favor.  Motion carried.

Ted Sasso made a motion to adjourn the meeting at 9:34 a.m.  .  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

________________________________________
Dan Grodotzke, Secretary 
February 24, 2016