TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
ANNUAL ORGANIZATIONAL BOARD MEETING
JANUARY 23, 2013, 9:00 a.m.
OLD COURTHOUSE, 350 FRONT STREET, HEMPSTEAD

Agenda:  Presentation and Consideration of an Inducement for Costco, Presentation and Consideration of an Inducement for Jackson Street Development, Consideration of a 3rd Sales Tax Exemption for VIF II/Main 303 LLC, Consideration of a Tenant Consent for Newtek Business Services, Executive Directors Report, Appointment of Officers, Appointment of Agency Counsel, Appointment of Transaction Counsel, Appointment of Agency Committees, Consideration of a Resolution to renew the Agency’s membership with the Long Island Association for 2013,  Consideration of the 2013 Construction Wage Policy, Update Circulo de la Hispanidad, Summary Board Member Self Evaluations, Consideration and Adoption of the Minutes of December 19, 2012,  Report of the Treasurer, Consideration of a Resolution to Amend Staff Salary Resolutions for 2012, Consideration of a Resolution to Authorize Budget Line Transfers for 2012, Consideration of Salary Increases for the Executive Director, Deputy Executive Director, Agency Administrator, Deputy Financial Officer, and Deputy Agency Administrator, Committee Updates.

Those in attendance: 	Ted Sasso, Chairman
			Ari Brown, Secretary
			Jonathan Kohan, Treasurer
			Danny Grodotzke, Member
			Rich Bianculli, Member

Also in attendance:	John E. Ryan, Agency Counsel 
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                        
Gene Turner, Consultant
			Cheryl Petri, Office of the Supervisor

Excused:		Paul Conte, Vice Chairman
Al D’Agostino	
William F. Weir, Nixon Peabody								
The meeting was called to order at 9:12 a.m.

Costco:  David Leno, of the firm Ruskin Moscou Faltischek, made a presentation to the Board on behalf of Costco.  Costco is looking to lease an approximately 13-acre site from Coremark in order to build a 150,000 square foot building for use as a Costco store.  The property is located at Hampton Road and Industrial Place in Oceanside.  The company is seeking a Sales Tax Exemption for the construction and equipping on the store and a 20 year PILOT to run co-terminus with the Coremark lease.   Ted Sasso made a motion to induce Costco. This motion was seconded by Rich Bianculli.  All were in favor.  Motion carried.

Jackson Street Development:  The application for this proposed project was withdrawn.

VIF II/Main 303 LLC:  The IDA received a letter from VIF II Main 303 LLC  requesting an additional $1,000,000.00 sales tax exemption to cover unanticipated construction costs, as well as an extension of time to complete the project to March 31, 2013.  Jonathan Kohan made a motion to approve this 3rd increase in sales tax exemption and the extension of time.  This will be the last increase granted.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Lighthouse 60 - Tenant Consent for Newtek Business Services:  Jonathan Kohan made a motion to approve the Tenant Consent for Newtek Business Services at the 60 Hempstead Avenue, West Hempstead address.  This motion was seconded by Rich Bianculli.  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.

Appointment of Officers for 2013:  Ted Sasso 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 2013.   This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Appointment of Agency Counsel for 2013:  Ari Brown made a motion to renew the appointment of John E. Ryan as Agency Counsel to the IDA for 2013.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

Appointment of Transaction Counsel for 2013: Ted Sasso made a motion to renew the appointment of Nixon Peabody as Bond and Transaction Counsel to the IDA for 2013.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

Appointment of Agency Committees for 2013:  Ted Sasso made a motion to appoint the Agency committees for 2013.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

LIA Membership for 2013: Ted Sasso made a motion to renew the Agency’s membership with the Long Island Association for 2013-14, for an amount not to exceed $402.00. This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

2013 Construction Wage Policy: Rich Bianculli made a motion to adopt the 2013 Town of Hempstead IDA Construction Wage Policy.  This motion was seconded by Dan Grodotzke.  All were in favor.  Motion carried.

 :  Fred Parola advised the Board that he had reached out to counsel for Circulo de la Hispanidad, but did not receive a response.  The Board asked that Circulo de la Hispanidad appear before them at the February meeting to discuss the matters of the unauthorized charter school and the possible termination of bonds without the knowledge of the Agency.

Summary of Board Member Self Evaluations: The Board was provided with a summary sheet of the Board members’ self-evaluations.

Minutes:  Ted Sasso made a motion to adopt the Minutes December 19, 2012 as presented to the Board.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.  Ted Sasso made a motion to adopt the Minutes of the Luncheon Meeting December 19, 2012 as presented to the Board.  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 13, 2012 – January 16, 2012.  Jonathan Kohan made a motion to adopt a resolution to amend staff salary resolutions for 2012 due to a computation error made by the Agency’s payroll service.  This motion was seconded by Ted Sasso.  All were in favor.  Motion carried.  Jonathan Kohan made a motion to adopt a resolution that allows for additional budget line transfers for 2012.  This motion was seconded by Dan Grodotzke.  All were in favor.  Motion carried.

Salary Increases:  This item was tabled and will appear on the February meeting agenda.

With all business concluded, Ari Brown made a motion to close the meeting at 9:44 a.m.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

________________________________________
Ted Sasso 
January 23, 2013