TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING
DECEMBER 19, 2012, 10:30 a.m.
Old Courthouse, 2nd Floor, 350 Front Street, Hempstead

Agenda: Presentation and Consideration of a Preliminary Inducement for HPFVII, Elmont, Consideration of a Preliminary Inducement for Coremark (developer for Costco), Oceanside, Consideration of an Assignment of Lease for B.J.’s and LA Fitness from AG Metropolitan/711 Stewart Avenue, Consideration of an Assignment and Assumption for Summit Hotels from Palmetto Hospitality II in Garden City, Consideration of a PILOT and an Authorizing Resolution for 333 Pearsall LLC, Consideration of a PILOT and an Authorizing Resolution for Maggie Realty, Consideration of a PILOT and an Authorizing Resolution for Dover Gourmet, Consideration of Tenant Consents for Ruby Tuesdays (DBA Lime Fresh Mexican Grill) and Orvis for Equity One, Consideration of a Sales Tax Exemption Extension for Lakeview Auto Sales, Executive Directors Report, Consideration and Adoption of 2013 Meeting Schedule, Consideration of a Contract Extension for Gene Turner, Consideration of a Contract with Bluetooth Creative for the 2013 Advertising Campaign, Consideration of a Contract with Sheehan and Company for Accounting Services in 2013 and the Audit for 2012, Consideration of a Resolution for Board Members and Staff to attend LIBDC meetings in 2013, Consideration of a Resolution to renew the agency’s Membership with the NYSEDC, Consideration, Adoption and Completion of the Board Members Confidential Evaluations, Consideration of a Resolution to renew the Agency’s LIBDC Membership for 2013, Update Circulo de la Hispanidad, Update Peninsula Counseling, IEAH Final Update and Termination, Consideration and Adoption of the Minutes of November 14, 2012, Treasurer’s Report, Committee Updates, Unfinished Business

Those in attendance: 	Ted Sasso, Chairman
			Ari Brown, Member
Danny Grodotzke, 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                        
Gene Turner, Consultant
Cheryl Petri, Office of the Supervisor

Excused:		Paul Conte, Vice Chairman
			Al D’Agostino, Secretary
Jonathan Kohan, Treasurer
Richard Bianculli, Member
									
The meeting was called to order at 10:50 a.m. 

HPFV III Elmont LLC:  Daniel J. Baker, of Sahn, Ward, Coschignano & Baker PLLC, made a presentation to the Board on behalf of HPFV III Elmont LLC.  The company is seeking to acquire a vacant nursery and construct an approximately 116,000 square foot self-storage facility, located at 2030/2060 Linden Boulevard in Elmont.  The company plans to construct a 3-story 3,500 square foot building with 1,200 storage units.  Dan Baker explained that the project will also include 29 parking spaces and 1,000 square feet of office space.  The project is awaiting zoning approvals.  The vote for the preliminary inducement of this project was tabled until the 12:30 p.m. luncheon meeting.

Coremark: David Leno of Ruskin, Moscou, Faltischek, and Louis Lagios of Coremark Group Holdings LLC, made a presentation to the Board on the proposed project to be located at Hampton Road and Industrial Place in Oceanside. Coremark is seeking to acquire an approximately 13-acre site and then ultimately lease the land to Costco.  The land is currently vacant and an address has not been designated yet.  Coremark is seeking Mortgage Recording Tax Exemption and Sales Tax Exemption for the acquisition and the environmental remediation of the property.  (Costco plans to construct a 150,000 square foot building for their wholesale business, and is expected to make a separate application to the agency for IDA benefits.)  The vote for the preliminary inducement of this project was tabled until the 12:30 p.m. luncheon meeting.

B.J.’s  - Lease Assignment from AG Metropolitan/711 Stewart Avenue:  HUH Hempstead BJ 2012 LLC is seeking to acquire Unit 1 of the AG/711 Stewart Avenue LLC Condo Conversion to continue to operate the newly opened BJ’s, located at 711 Stewart Avenue, Garden City.  AG Metropolitan/711 Stewart Avenue LLC is seeking a preliminary inducement for the assignment of their lease and the proportionate share of the existing benefits to HUH Hempstead BJ 2012 LLC.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

L.A. Fitness -  Lease Assignment from AG Metropolitan/711 Stewart Avenue:  HUH Hempstead LAF 2012 LLC is seeking to acquire Unit 3 of the AG/711 Stewart Avenue LLC Condo Conversion for the continuing construction of a L.A. Fitness Center, located at 711 Stewart Avenue, Garden City.  AG Metropolitan/711 Stewart Avenue LLC is seeking a preliminary inducement for the assignment of the lease and the proportionate share of the existing benefits to HUH Hempstead LAF 2012 LLC. The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

Summit Hotels (Assignment from Palmetto Hospitality of GC  II):  Louis Soloway, Esq., of Certilman, Balin, Adler, Hyman, made a presentation to the Board on behalf of Summit Hotel OP, LP, who is requesting the assignment and assumption of the Lease agreement and PILOT from Palmetto Hospitality of GC II (Hyatt Place), located at 5 North Avenue, Garden City.   The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

333 Pearsall LLC:  333 Pearsall LLC is seeking IDA benefits for the renovation and equipping of an approximately 15,626 square foot building they have purchased for their audio technology e-business. The Board was asked to consider an Authorizing Resolution and a PILOT Agreement for this project, which is expected to close on December 20, 2012.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

Maggie Realty:  Maggie Realty is planning to renovate an existing building at 396 West Merrick Road in the Village of Valley Stream for a new Acura auto sales and showroom facility.  The lot is approximately 32,508 square feet with an existing 9,014 square foot building.  The renovation will enlarge the first and second floors.  Maggie Realty is in the process of obtaining all applicable variances and permits from the Village of Valley Stream. The Board was asked to consider an Authorizing Resolution and a PILOT Agreement for this project, which is expected to close in early 2013.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

Dover Gourmet:  Dover Gourmet is seeking to acquire and renovate a one story, 30,000 square foot building located at 27 St. John’s Place and 8 Maple Place in the Village of Freeport for their food manufacturing, distribution and sales facility.  The Board was asked to consider an authorizing resolution and a PILOT Agreement for this project, which is expected to close (in escrow) on December 20, 2012.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

Equity One - Tenant Consent for Ruby Tuesdays:  Equity One withdrew their request for approval of a new tenant, Ruby Tuesdays, for the property located at 900 Old Country Road in Westbury.  

Equity One - Tenant Consent for Orvis:  Equity One requested approval of a new tenant, The Orvis Company, Inc., for the property located at 900 Old Country Road in Westbury.  The retail store will occupy approximately 4,964 square feet of space. The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

Lakeview Auto Sales:  The agency received a written request by Lakeview Auto Sales and Services, Inc. requesting an extension of their sales tax exemption letter expiration date, from December 31, 2012 to a new expiration date of June 30, 2013.  This request is due to an unforeseen delay in the design and construction process.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

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.

2013 Meeting Schedule: The Board was furnished with a copy of the proposed list of Board meeting dates for 2013 for their consideration.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

Gene Turner:  The Board was asked to consider the renewal of the agency’s contract with Gene Turner.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

Bluetooth Creative:  The Board was asked to consider the renewal of the agency’s contract with Bluetooth Creative for the 2013 advertising and marketing campaign.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

Sheehan and Company:   The Board was asked to consider the renewal of the agency’s contract with Sheehan and Company for accounting services for 2013 and audit for 2012.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

LIBDC Meeting Attendance 2013: The Board was asked to consider the authorization of payment to the Long Island Business Development Council for IDA Board members and staff to attend LIBDC meetings in 2013, in an amount not to exceed $70.00 per person, per meeting.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

NYSEDC Membership 2013:  The Board was asked to consider the authorization of payment to the New York State Economic Development Council for annual membership for the IDA for 2013, in an amount not to exceed $750.00.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

Board Member Confidential Evaluations: The Board was asked to consider the Confidential Board Member Evaluation form for 2012 as recommended by the Governance Committee.  Members were asked to complete the form and return it to the agency as soon as possible.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

LIBDC Membership 2013:  The Board was asked to consider the authorization of payment to the Long Island Business Development Council for the annual membership for an amount not to exceed $600.00.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

Circulo de la Hispanidad:  There was no new information to report regarding this project. 

Peninsula Counseling:  There was no new information to report regarding this project. 

IEAH:  The Board was asked to ratify the termination of IEAH.  The company has not met the requirements to maintain their IDA benefits.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

Minutes:  The Board was asked to consider the adoption of the Minutes of November 14, 2012.  The vote for this item was tabled until the 12:30 p.m. luncheon meeting.

Report of the Treasurer:  The Board was furnished with copies of the Financial Statements and Expenditure List for November 7, 2012 – December 12, 2012.  

Committee Updates:  There were no committee updates.

The meeting ended at 11:27 a.m.  No action was taken at this meeting due to a lack of a quorum.  

_______________________________________
Ted Sasso, Chairman
December 19, 2012

TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
LUNCHEON MEETING
DECEMBER 19, 2012, 12:30 pm.
600 Old Country Road, Garden City

Agenda: Consideration of a Preliminary Inducement for HPFVII, Elmont, Consideration of a Preliminary Inducement for Coremark (developer for Costco), Oceanside, Consideration of an Assignment of Lease for B.J.’s and La Fitness from AG Metropolitan/711 Stewart Avenue, Consideration of an Assignment and Assumption for Summit Hotels from Palmetto Hospitality II in Garden City, Consideration of a PILOT and an Authorizing Resolution for 333 Pearsall LLC, Consideration of a PILOT and an Authorizing Resolution for Maggie Realty, Consideration of a PILOT and an Authorizing Resolution for Dover Gourmet, Consideration of Tenant Consents for Ruby Tuesdays (DBA Lime Fresh Mexican Grill) and Orvis for Equity One, Consideration of a Sales Tax Exemption extension for Lakeview Auto Sales, Executive Directors Report, Consideration and Adoption of 2013 Meeting Schedule, Consideration of a Contract Extension for Gene Turner, Consideration of a Contract with Bluetooth for the 2013 Advertising Campaign, Consideration of a Contract with Sheehan and Company for Accounting Services in 2013 and the Audit for 2012, Consideration of a Resolution for Board Members and Staff to attend LIBDC meetings in 2013, Consideration of a Resolution to renew the IDA’s Membership with the NYSEDC, Consideration, Adoption and Completion of the Board Members Confidential Evaluations, Consideration of a Resolution to renew the Agency’s LIBDC Membership for 2013,  Committee Updates, Unfinished Business

Those in attendance: 	Ted Sasso, Chairman
			Paul Conte, Vice Chairman
			Ari Brown, Member
Danny Grodotzke, Member

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

Excused:		Al D’Agostino, Secretary
Jonathan Kohan, Treasurer
Richard Bianculli, Member
									
The meeting was called to order at 12:35 p.m.  

Board members were furnished with all materials discussed at the December 19, 2012, 10:30 a.m. meeting.

HPFVII: Danny Grodotzke made a motion to adopt a preliminary inducement for HPFV II. This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Coremark: Ted Sasso made a motion to adopt a preliminary inducement for Coremark. This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

B.J.’s  - Lease Assignment from AG Metropolitan/711 Stewart Avenue: Ted Sasso made a motion to adopt a preliminary inducement for the assignment of the lease and the proportionate share of the existing benefits.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

L.A. Fitness -  Lease Assignment from AG Metropolitan/711 Stewart Avenue:  Ted Sasso made a motion to adopt a preliminary inducement for the assignment of the lease and the proportionate share of the existing benefits This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

Summit Hotels (Assignment from Palmetto Hospitality of GC  II):  Ari Brown made a motion to adopt am Assignment and Assumption of the Lease agreement and PILOT from Palmetto Hospitality of GC II to Summit Hotel OP, LP.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

333 Pearsall LLC: Ted Sasso made a motion to adopt an Authorizing Resolution and PILOT Agreement for 333 Pearsall LLC.   This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

Maggie Realty: Ted Sasso made a motion to adopt an  Authorizing Resolution and PILOT Agreement for Maggie Realty.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.

Dover Gourmet: Ari Brown made a motion to adopt an Authorizing Resolution and PILOT Agreement for Dover Gourmet.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

Equity One - Tenant Consent for Ruby Tuesdays:  This item was withdrawn.

Equity One - Tenant Consent for Orvis:  Danny Grodotzke made a motion to adopt a Tenant Consent for The Orvis Company, Inc.   This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Lakeview Auto Sales: Ted Sasso made a motion to extend the expiration date of the Sales Tax Exemption Letter for Lakeview Auto Sales and Service Inc. from December 31, 2012 to June 30, 2013.   This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

2013 Meeting Schedule: Ted Sasso made a motion to adopt the 2013 Board Meeting Schedule.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

Gene Turner:  Ted Sasso made a motion to renew the agency’s contract with Gene Turner for 2013.   This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Bluetooth Creative:  Ted Sasso made a motion to renew the agency’s contract with Bluetooth Creative for the 2013 advertising campaign.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

Sheehan and Company: Ted Sasso made a motion to renew the agency’s contract with Sheehan and Company for the 2012 audit and 2013 accounting services.   This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

LIBDC Meeting Attendance 2013: Ari Brown made a motion to adopt a resolution for Board member and staff attendance at 2013 LIBDC meetings   This motion was seconded by Ted Sasso.  All were in favor.  Motion carried.

NYSEDC Membership 2013: Ted Sasso made a motion to renew the agency’s membership with the NYSEDC.   This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Board Member Confidential Evaluations: Ted Sasso made a motion to adopt the Board Member Confidential Evaluation form.  Members were asked to return the form to the agency as soon as possible.   This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

LIBDC Membership 2013: Ted Sasso made a motion to renew the agency’s membership with the LIBDC.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.

IEAH:  Ted Sasso made a motion to ratify the termination of IEAH.   This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Minutes:   Ari Brown made a motion to approve the Minutes of November 14, 2012.   This motion was seconded by Danny Grodotzke .  All were in favor.  Motion carried.

With all business concluded, Paul Conte made a motion to close the meeting at 1:49 p.m.  This motion was seconded by Ted Sasso.  All were in favor.  Motion carried.
 
_______________________________________
Ted Sasso, Chairman
December 19, 2012