TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING
AUGUST 26, 2015, 9:00 a.m.
Old Courthouse, 2nd Floor, 350 Front Street, Hempstead

Agenda: Consideration of a Tenant Consent for Green Acres Adjacent LLC - Burlington Coat Factory, Consideration of a Tenant Consent for Valley Stream Green Acres Mall - Talk N Fix, Consideration of a Tenant Consent for Valley Stream Green Acres Mall - J & B Food Services (Nathan’s Hot Dogs), Tenant Consent for Green Acres Adjacent LLC - Five Below, Consideration of a Tenant Consent for Valley Stream Green Acres Mall - Formerdubguys Inc., Consideration of a Tenant Consent for Valley Stream Green Acres Mall - Jazz of Green Acres/Jimmy Jazz, Consideration of an Inducement Resolution for Columbia Equipment, 9:15 a.m. presentation, Consideration of an Inducement Resolution for Promenade at Central, 9:30 a.m. presentation, Executive Director’s Report, Consideration of a Resolution for Long Island Business Development Council Registration and Support, Consideration of a Resolution for Attendance at Gurney’s LIBDC Annual Meeting, September 30 – October 2, 2015, Update Circulo de la Hispanidad, Update Shor Yoshuv, Consideration and Adoption of the Minutes of July 22, 2015,  Report of the Treasurer, Executive Session

Those in attendance: 	Theodore P. Sasso, Jr., Chairman
			Ari Brown, Vice Chairman
Danny Grodotzke, Secretary
Jonathan Kohan, Treasurer
			Ann DeMichael, 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                        
			
Excused:		Ray Maguire, Member
Cheryl Petri, Office of the Supervisor
									
The meeting was called to order at 9:06 a.m.  The Chairman declared a quorum was present.

Green Acres Adjacent LLC - Tenant Consent for Burlington Coat Factory:  Ted Sasso made a motion to approve a tenant consent for Burlington Coat factory, which will occupy 61,837 square feet of space at the Green Acres Adjacent LLC facility located at 750 Sunrise Highway, Valley Stream.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

Valley Stream Green Acres Mall - Tenant Consent for Talk N Fix:  Ted Sasso made a motion to approve a tenant consent for F & S Ventures Inc., dba Talk N Fix , which will occupy 120 square feet of space at the Valley Stream Green Acres LLC 2015 facility located at 2034 Green Acres Road South, Valley Stream.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

Valley Stream Green Acres Mall - Tenant Consent for J and B Food Services (Nathan’s Hot Dogs):  Ted Sasso made a motion to approve a tenant consent for J and B Food Services dba Nathan’s Famous, which will occupy 404 square feet of space at the Valley Stream Green Acres LLC 2015 facility located at 2034 Green Acres Road South, Valley Stream.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Green Acres Adjacent LLC - Tenant Consent for Five Below Inc.:  Ari Brown made a motion to approve a tenant consent for Five Below Inc., which will occupy 10,086 square feet of space at the Green Acres Adjacent LLC facility located at 750 Sunrise Highway, Valley Stream.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

Valley Stream Green Acres Mall - Tenant Consent for Formerdubguys Inc. (PizzaRev):  Ari Brown made a motion to approve a tenant consent for Formerdubguys Inc. dba PizzaRev, which will occupy 1,724 square feet of space at the Valley Stream Green Acres LLC 2015 facility located at 2034 Green Acres Road South, Valley Stream.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

Valley Stream Green Acres Mall - Tenant Consent for Jazz of Green Acres (Jimmy Jazz):  Dan Grodotzke made a motion to approve a tenant consent for Jazz of Green Acres LLC, which will occupy 5,000 square feet of space at the Valley Stream Green Acres LLC 2015 facility located at 2034 Green Acres Road South, Valley Stream.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

Village of Freeport Projects:  Four Village of Freeport representatives were introduced to the Board: Mayor Robert T. Kennedy, Vilma Lancaster, Assessor, Anthony J. Miller and Dr. Peter Chambers.  They were in attendance to observe the meeting and voting process.  After they have completed all of the necessary requirements these members will join the full Board to vote on proposed projects in the Village of Freeport, as per New York general municipal law (Section 905, subdivisions 2,3 and 4).  

Columbia Equipment Co. Inc.:  Rachel Lazarus made a presentation to the Board on the proposed project Columbia Equipment, a manufacturer of bus shelter materials.  The company, which is currently leasing space, has relocated from Jamaica, Queens to expand their business in order to become more competitive in their market.  The company is seeking to purchase two buildings located at 72-88 and 118-122 Albany Avenue in the Village of Freeport and is seeking a PILOT Agreement, Sales Tax Exemption and Mortgage Recording Tax Exemption.  Jonathan Kohan made a motion to preliminarily induce this project until Freeport members are able to vote.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

The Promenade at Central LLC:  Nicholas Kordas made a presentation to the Board on the proposed project The Promenade at Central to be located at 49 North Central Avenue in the Village of Valley Stream.  The applicant is seeking to construct a 5-story, 72,516 square foot building with 36 units multi-family housing and retail space on the first level. (Retail space will constitute less than 15% of total.) The company is seeking a PILOT Agreement, Sales Tax Exemption and Mortgage Recording Tax Exemption.  Jonathan Kohan made a motion to induce this project.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

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

Long Island Business Development Council Annual Meeting Registration:  Ted Sasso made a motion to authorize payment to the Long Island Business Development Council (LIBDC) in an amount not to exceed $150.00 per person for a maximum of six people for the purpose of registration and/or meal plan for the LIBDC Annual Conference, September 30 – October 2, 2015.   This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Long Island Business Development Council Annual Meeting Support:  Ted Sasso made a motion to authorize payment to the Long Island Business Development Council (LIBDC) in an amount not to exceed $2500.00 for advertising as a sponsor at the LIBDC Annual Conference, September 30 – October 2, 2015.   This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Long Island Business Development Council Annual Meeting Attendance:  Ted Sasso made a motion to authorize payment to the Long Island Business Development Council (LIBDC) in an amount not to exceed $800.00 per person for a maximum of 6 people to attend the LIBDC Annual Conference at Gurney’s Montauk, NY, September 30 – October 2, 2015.   This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

Circulo de la Hispanidad:  This item was tabled to the September meeting.

Shor Yoshuv:  This item was tabled to the September meeting.

Minutes:  Ted Sasso made a motion to adopt the Minutes of July 22, 2015. This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.  

Report of the Treasurer:  The Board was furnished with copies of the Financial Statements and Expenditure List for July 16, 2015 –August 19, 2015.  Jonathan Kohan, Treasurer, stated that all was in good order.  The Board was also furnished with copies of the 2016 Draft Preliminary Budget and Lorraine Rhoads explained some items.  Edie Longo asked members to submit any comments regarding the budget within ten days. 

With all business concluded, Dan Grodotzke made a motion to adjourn at 9:57 a.m..  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

______________________________
Danny Grodotzke, Secretary 
September 23, 2015