TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING, JUNE 23, 2010.
OLD COURTHOUSE, 350 FRONT STREET, HEMPSTEAD

Agenda: Consideration of an Inducement Resolution for J & C Auto World, 9:15 a.m. presentation, Consideration of an Authorizing Resolution for AG Metropolitan Realty - 711 Stewart Avenue LLC, Garden City, Discussion of a PILOT for Lighthouse 60 Hempstead, 60 Hempstead Avenue, West Hempstead, Executive Directors Report, Consideration and Adoption of the Minutes of May 19, 2010, Discussion relating to Covanta, Compliance Update 2009, Treasurer’s Report, Committee Updates.

Those in attendance: 	Ted Sasso, Chairman
			Paul Conte, Vice Chairman
Al D’Agostino, Secretary
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
Gene Turner, Consultant
			Michael Lodato, Deputy Agency Administrator                        

Absent:		Jonathan Kohan, Treasurer 
			
The meeting was called to order at 9:21 a.m.

AG Metropolitan Realty –711 Stewart Avenue LLC:  Dan Grodotzke made a motion 
to adopt an Authorizing Resolution for the purchase and renovation of the one-story 
335, 000 square foot building, located at 711 Stewart Avenue, Garden City, as a mixed use, multi-purpose office building.  Benefits granted for this project include a 10 year PILOT Agreement, and Sales Tax Exemption.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.   

Executive Director’s Report: The Board was furnished a copy of the Executive Director’s Report.  Mr. Parola updated the Board on the status of pending projects.  Mr. Parola also discussed a new IDA bill which has been presented to the NY State Legislators, which, if passed, would require Village Board approval for PILOTs in the Villages of Freeport and Hempstead.

Franklin Hospital Medical Center:  Al D’Agostino made a motion to approve a new equipment lease with Johnson Controls, Inc. for the purpose of  removal and replacement of certain obsolete, unsuitable, and inadequate equipment to achieve greater energy efficiency and cost savings at Franklin Hospital Medical Center.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.   

Minutes:  Ted Sasso made a motion to adopt the Minutes of the May 19, 2010.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.   

Covanta:  Bill Weir updated the Board on the status of the Covanta 4th Boiler expansion project.  He explained that the Town of Hempstead and Covanta Hempstead are still in discussion over the economic portion of the FEIS.  

Compliance 2009 Update:  At the request of the Board, Fred Parola is to draft a letter to the IDA Projects with employment shortfalls stating that no action by the IDA Board will be taken against them, as it was understood and agreed that the shortfalls were due to the economy.

Report of the Treasurer:  The Board was furnished copies of the Financial Statements and Expenditure List for May 19, 2009 – June 22, 2010.   

Committee Updates:  There were no Committee updates.

With all business concluded, Paul Conte made a motion to close the meeting at 
9:54 a.m..  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

The meeting was reconvened at 9:58 a.m.  

(Al D’Agostino was recused from the following matter and left the meeting room.)

J & C Auto World:  Eric Rubenstein made a presentation to the Board for J & C Auto World, located at 400 Sunrise Highway, Valley Stream.  The proposed project includes the demolition of the existing building and the construction of a one-story, 93, 000 square foot new building, including space for sales, a showroom, service, and parking.  Ari Brown made a motion to approve a preliminary inducement resolution for this project, as subject to completion of a SEQR, a site plan, and Village of Valley Stream zoning approvals. This motion was seconded by Ted Sasso.  All were in favor.  Motion carried.  
 
(Al D’Agostino returned to the meeting room.)

Paul Conte made a motion to close the meeting at 10:07 a.m..  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.
 
The meeting was again reconvened at 10:10 a.m.  

July Meeting Date Change:  Dan Grodotzke made a motion to change the date of the July Board meeting to Thursday, July 29, 2010.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.   

Paul Conte made a motion to close the meeting at 10:11 a.m..  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

	
________________________________________
Al D’Agostino, Secretary 
June 23, 2010