These Minutes have not yet been approved.  They are on the December 13, 2013 Agenda.

TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING
NOVEMBER 13, 2013, 9:00 a.m. 
Old Courthouse, 350 Front Street, Hempstead

Agenda: Presentation and Consideration of an Inducement for FDC Services/KLM Associates/R& D Holdings Inc., Village of Hempstead, Consideration of a Consent for 
Zwanger Pesiri Lynbrook Sales Tax Exemption Extension of time, Consideration of an Authorizing Resolution for CHSGN Long Island, Executive Directors Report, Discussion and Update CBW Uniondale Hotel, Discussion of PILOT Agreements/Tax Bills for Dentaco and Magna Care, Consideration of a Resolution to attend NYSEDC IDA section meeting in Albany January22, 2014, December Board Meeting time change and addition of Special Meeting, Update Circulo de la Hispanidad, Update and Discussion NEFCU non-payment, Update and Discussion Zomick’s Food Products non-payment, Consideration and Adoption of the Minutes of October 23, 2013, Report of the Treasurer, Executive Session, Committee Updates

Those in attendance: 	Ted Sasso, Chairman
			Ari Brown, Secretary
			Jonathan Kohan, Treasurer
			Danny Grodotzke, Member
Ray Maguire, Member
		
Also in attendance:	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
			Rich Bianculli, Member
John E. Ryan, Agency Counsel 
William F. Weir, Nixon Peabody

The meeting was called to order at 9:00 a.m.

FDC Services/KLM Associates/R& D Holdings Inc.:  FDR Services Corp. recently acquired the commercial laundry business of KLM Associates.  The landlord R & D Holdings and KLM Associates Inc. will remain landlord through an operating agreement for FDR Services Corp..  FDR has an option to purchase the facility for fair market value at the end of the lease.  The property consists of four buildings located at 444, 56-64 and 68 Newmans Court, Hempstead, totaling approximately 90,000 square feet on 3 acres.  The company is seeking a PILOT Agreement, Mortgage Recording Tax Exemption, and Sales Tax Exemption for interior renovations, machinery and equipment for their commercial laundry facility.  Jonathan Kohan made a motion to induce this project with a 10 year PILOT.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Zwanger Pesiri Lynbrook Sales Tax Exemption Extension:  Ted Sasso made a motion to consent to an extension of time for the Sales Tax Exemption granted to Zwanger Pesiri Lynbrook, pursuant to a longer than expected construction phase of the project located at 443-449 Sunrise Highway, Lynbrook.  The total amount of the exemption will remain the same.  This motion was seconded by Ray Maguire.  All were in favor.  Motion carried.

CHSGN Long Island:  CHSGN Long Island Hotel Partners is seeking to construct a single story parking deck over an existing parking lot, and a 91,613 square foot, six-story Courtyard by Marriott hotel with 145 rooms on 2.09 acres of land behind 865 Merrick Avenue, on Privado Road in Westbury.  CHSGN will receive a PILOT Agreement, Sales Tax Exemption for the construction period, and a Mortgage Recording Tax Exemption.  Ari Brown made a motion to adopt an Authorizing Resolution and a 10-year PILOT for this project.  This motion was seconded by Ted Sasso.  All were in favor.  Motion carried.

Executive Director’s Report:  The Board was furnished a copy of the Executive Directors Report.  Fred Parola stated that IDA related business has been adversely affected by New York State’s legislation prohibiting retail projects.

CBW Uniondale Hotel LLC:  This item was for discussion purposes only.  No action was taken.  This item will appear again on the December meeting agenda for an update.

Dentaco and Magna Care PILOT Agreements/Tax Bills:  Fred Parola explained that the agency had erroneously received tax bills for two terminated projects, Dentaco and Magna Care.  A letter was sent to the Nassau County Assessor to explain that these properties are no longer under agency title and no longer have PILOT agreements, and therefore they must bill the owners directly.  This item was for discussion purposes only.  No action was taken.

NYS EDC IDA Section Meeting:  Jonathan Kohan made a motion to adopt a resolution for Board members and staff to attend the NYS EDC IDA Section meeting, to be held January 22, 2014 in Albany.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

December Board Meeting Changes:  Ted Sasso made a motion to change the time of the December 18, 2013 Board meeting to 11:00 a.m.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.  Ted Sasso made a motion to hold an additional luncheon meeting at Ruth’s Chris Steak House, Garden City, on December 18, 2013 at 12:30 p.m.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Circulo de la Hispanidad:  This item was for discussion purposes only.  No action was taken. This item will appear again on the December meeting agenda for an update.

NEFCU non-payment of Termination fee:  Prior to the meeting, a letter was drafted by Agency Counsel to the company to address the issue of non-payment of the $500 termination fee.  No payment had been received as of the meeting.  This item was for discussion purposes and will appear on the December meeting agenda for an update.

Zomick’s non-payment of Termination fee:  The Board was advised that Zomick’s paid the $500 termination fee.

Minutes:  Ted Sasso made a motion to adopt the Minutes of October 23, 2013 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 October 23, 2013 – November 6, 2013.  

Committee Updates:  The Governance and Audit committees met prior to the Board Meeting.

With all business concluded, Jonathan Kohan made a motion to close the meeting at 9:33 a.m..  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

________________________________________
Ari Brown, Secretary 
November 13, 2013