TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING
FEBRUARY 26, 2014, 9:00 a.m.
DGC CONFERENCE FROOM, 350 FRONT STREET, HEMPSTEAD

Agenda:  Consideration of a Tenant Consent for Brown Group Retail for Equity One, 900 Old Country Road, Westbury, Status Report Presentation from PDC Corporation, Consideration of a Tenant Consent for First Republic Bank for 1001 Realty, 1001 Franklin Avenue, Garden City, Consideration of amended PILOT Schedules for Fairfield East Rockaway LLC, Executive Directors Report, Discussion and Update CBW Uniondale Hotel, Consideration of a Resolution to renew the Agency’s LIA Membership, Consideration of a Resolution authorizing payment to First America Title for termination of Zomick’s and SR Garden City/Magna Care, Consideration of a Resolution to change the March Meeting date, Update Circulo de la Hispanidad, Update and Discussion NEFCU non-payment of termination fee $500, Update and Discussion Zomick’s non-payment of termination fee $500, Update PILOT Agreements/Tax Bills for: Dentaco, Magna Care, Update PILOT payments for: Chait Properties and IEAH, Update Carbo Industries Termination, Consideration and Adoption of the Minutes of January 22, 2014, Report of the Treasurer, Executive Session, Committee Updates

Those in attendance: 	Theodore P. Sasso, Jr., Chairman
			Ari Brown, Secretary
			Jonathan Kohan, Treasurer
			Danny Grodotzke, Member
			Richard 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 9:00 a.m.

Equity One - Tenant Consent for Brown Group Retail: Ari Brown made a motion to approve the Tenant Consent for Brown Retail Group for Equity One, located at 900 Old Country Road, Westbury address.  The company will occupy approximately 10,329 square feet of space.  This motion was seconded by Rich Bianculli.  All were in favor.  Motion carried.

1001 Realty - Tenant Consent for First Republic Bank:  Ari Brown made a motion to approve the Tenant Consent for First Republic Bank for 1001 Realty LLC, located at 1001 Franklin Avenue, Garden City.  The bank will occupy approximately 5,152 square feet of space.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

Fairfield East Rockaway LLC – Amended PILOT Schedules:  Rich Bianculli made a motion to adopt PILOT Schedules A, B and C for Fairfield East Rockaway LLC, 60 Front Street, East Rockaway, pursuant to the submission of yearly verification of senior housing requirements.  This motion was seconded by Ray Maguire.  All were in favor.  Motion carried.

Executive Director’s Report:  Fred Parola updated the Board on the status of both active and inactive projects.

PDC Corporation – Status Report Presentation:  Elie Rowe, CEO and Neil Harrington, CFO of PDC Corporation made a presentation updating the status of their project located at 336 Pearsall Avenue, Cedarhurst.  The company has not moved into the facility and has no employees to report at this time.  Mr. Rowe explained to the Board that the delay in the project completion was due to many variables.  Ted Sasso made a motion to terminate benefits, retroactive to today’s meeting, if the following conditions are not met: At the May Board meeting (90 days from this meeting) the company must provide evidence of a business plan for the property, and that all variance and zoning issues are resolved with the Village of Cedarhurst within 120 days.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

CBW Uniondale Hotel:  This item was tabled to the March meeting.

LIA Membership 2014:  Ted Sasso made a motion to renew the Agency’s membership with the LIA for 2014, for an amount not to exceed $400.00.  This motion was seconded by Ray Maguire.  All were in favor.  Motion carried.

First American Title – Termination of Zomicks and SR Garden City/Magna Care:  Ted Sasso made a motion to authorize payment to First American Title for fees for the recording the termination documents for Zomicks and SR Garden City/Magna Care.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

March Meeting Date Change:  Ted Sasso made a motion to change the March meeting date from Wednesday, March 26, 2014 to Thursday, March 27, 2014, subject to the availability of Board members to attend.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

Circulo de la Hispanidad:  Bill Weir explained to the Board that the Agency is still awaiting information regarding a possible default on Circulo de la Hispanidad’s bonds.  No action was taken.  Another update will appear on the March meeting agenda.  

NEFCU  - Non-Payment of Termination Fee:  The Board was advised by John Ryan that NEFCU refused to pay their $500 termination fee.  The Board requested that this item be removed from future meeting agendas.

Zomicks –Termination Fee:  The Board was advised by Agency staff that Zomicks paid their $500 termination fee.

Dentaco and Magna Care Tax Bills: This item was tabled to the March 2014 meeting.

Chait Properties: The Board was advised by John Ryan that Chait Properties paid their PILOT arrears and is up-to-date on all their PILOT payments.

IEAH:  IEAH was terminated by the Board effective December 31, 2012.  The Board was advised by John Ryan that IEAH continues to be billed for PILOT arrears.  

Carbo Industries/Gate Gourmet Termination:  Carbo Industries/Gate Gourmet were terminated by the Board effective December 31, 2013.  The Board was advised by John Ryan that the termination has to be finalized with the recording of the required documents with the County Clerk.

Minutes:  Ray Maguire made a motion to adopt the Minutes of January 23, 2013 as presented to the Board.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.  

Report of the Treasurer:  The Board was furnished with copies of the Financial Statements and Expenditure List for January 16, 2014 – February 19, 2014.  Jonathan Kohan stated that all was in good order.

Committee Updates:  There were no updates.

With all business concluded, Ari Brown made a motion to adjourn the meeting at 10:20 a.m.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

______________________________
Ari Brown, Secretary
March 27, 2014