These Minutes are unapproved and on the March 27, 2013 Agenda for approval by the Board.

TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
ANNUAL ORGANIZATIONAL BOARD MEETING
FEBRUARY 27, 2013, 9:00 a.m.
OLD COURTHOUSE, 350 FRONT STREET, HEMPSTEAD

Agenda:  Presentation and Consideration of an Inducement for BRG Management, LLC, 
Consideration of a Tenant Consent for GTJ Reit at Lighthouse 60 LP, 60 Hempstead Avenue, West Hempstead, Consideration of a Tenant Consent for Long Island Radiology Associates PC at 444 Merrick Road, Lynbrook, Consideration of a Sales Tax Exemption Increase and Extension for Hempstead Lincoln Mercury, 301 North Franklin Street, Hempstead, Consideration of an Authorizing Resolution for Arrow Linen, Consideration of an Authorizing Resolution of Zwanger-Pesiri Levittown, Executive Directors Report, 2012 Compliance Review, Consideration of Self Evaluation Policy, Update and on Circulo de la Hispanidad, 9:15 a.m. presentation, Update on outstanding invoices for IEAH, Consideration and Adoption of the Minutes of January 23, 2013, Report of the Treasurer, Executive Session, Committee Updates

Those in attendance: 	Ted Sasso, Chairman
			Jonathan Kohan, Treasurer
			Danny Grodotzke, Member
			Rich Bianculli, Member
		
Also in attendance:	John E. Ryan, Agency Counsel 
William F. Weir, Nixon Peabody
Frederick E. Parola, Executive Director/CEO
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
			Ari Brown, Secretary
Al D’Agostino	
			Edie M. Longo, Deputy Executive Director/CFO								
The meeting was called to order at 9:12 a.m.

BRG Management, LLC:  Christine McGuinness of Schiff Hardin, LLP and Robert Watman ofBRG Properties made a presentation to the Board on behalf of BRG Management, LLC.  The company will acquire Unit 2 of the AG/711 Condo Conversion to operate and manage a commercial office for occupancy by medical and office tenants located at 711 Stewart Avenue, Garden City. The company is seeking a Sales Tax Exemption, PILOT Agreement, and Mortgage Recording Tax Exemption.   Ted Sasso made a motion to induce BRG Management, LLC. This motion was seconded by Rich Bianculli.  All were in favor.  Motion carried.

Lighthouse 60 LP - Tenant Consent for GTJ Reit:  Jonathan Kohan made a motion to approve the Tenant Consent for GTJ Reit at the 60 Hempstead Avenue, West Hempstead address.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

444 Merrick Road LLC - Tenant Consent for Long Island Radiology Associates PC:  
Ted Sasso made a motion to approve the Tenant Consent for Long Island Radiology Associates PC at 444 Merrick Road, Lynbrook.  This motion was seconded by Rich Bianculli.  All were in favor.  Motion carried.

Hempstead Lincoln Mercury:  Ted Sasso made a motion to approve a Sales Tax Exemption increase and extension for Hempstead Lincoln Mercury Motors Corp., located at 301 N. Franklin Avenue, Hempstead.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

Arrow Linen:  Jonathan Kohan made a motion to adopt an Authorizing Resolution for Arrow Linen.  The company, currently operating in Brooklyn, NY, plans to open a new site at 615 South Street, Garden City, in order to expand their commercial laundry business.  The company plans to renovate and equip an approximately 72,000 square foot building with large commercial washing machines, dryers, pressing machines and office equipment.  The company recently was awarded an Energy Star by the EPA for its high efficiency system. This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.

Zwanger Pesiri - Levittown:  Ted Sasso made a motion to adopt an Authorizing Resolution for Zwanger Pesiri – Levittown for their radiology and diagnostic services company.  Zwanger Pesiri plans to construct an 8,000 square foot facility, on approximately 2.5 acres of land located at 3525 Hempstead Turnpike, Levittown. This motion was seconded by Rich Bianculli.  All were in favor.  Motion carried.

 Executive Director’s Report:  Fred Parola updated the Board on the status of projects still awaiting final approvals to move forward, as well as several new applications being submitted to the IDA in February.

2012 Compliance Review:  Arlyn Eames updated the Board on the progress of collecting compliance information being gathered for the Agency’s 2012 Annual Financial Report.

Self Evaluation Policy: Board members were asked to complete and return their forms to the IDA. 

Circulo de la Hispanidad:  At the January meeting, the Board asked Circulo de la Hispanidad to appear before them at the February meeting to discuss the unauthorized charter school and possible termination of bonds without the knowledge of the Agency.  Circulo de la Hispanidad did not appear at today’s meeting.  Bill Weir explained to the Board that Circulo de la Hispanidad was in default of itsagreement with the IDA because of operation of a charter school without approval.  In addition, the IDA was awaiting information regarding a possible default on its bonds.  No action was taken.  Another update will appear on the March meeting agenda.  

IEAH:  Fred Parola advised the Board that IEAH, although terminated, has several outstanding invoices from the IDA.  The company and their counsel have been notified.

Minutes:  Dan Grodotzke made a motion to adopt the Minutes January 23, 2013 as presented to the Board.  This motion was seconded by Rich Bianculli.  All were in favor.  Motion carried.  

Report of the Treasurer:  The Board was furnished with copies of the Financial Statements and Expenditure List for January 17, 2013 – February 20, 2013.  

At 9:34 a.m., Ted Sasso made a motion to go into Executive session to discuss a personnel matter.  This motion was seconded by Dan Grodotzke.  All were in favor.  Motion carried.

At 9:46 a.m., Ted Sasso made a motion to come out of Executive session.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

Salary Increases:  
Ted Sasso made a motion to increase the Executive Director salary to $159,120.00 for 2013.  This motion was seconded by Rich Bianculli.  All were in favor.  Motion carried.
Ted Sasso made a motion to increase the Deputy Executive Director salary to $124,800.00 for 2012.  This motion was seconded by Rich Bianculli.  All were in favor.  Motion carried.
Ted Sasso made a motion to increase the Agency Administrator salary to $90,480.00 for 2013.  This motion was seconded by Rich Bianculli.  All were in favor.  Motion carried.
Ted Sasso made a motion to increase the Deputy Financial Officer salary to $63,440.00 for 2013.  This motion was seconded by Rich Bianculli.  All were in favor.  Motion carried.
Ted Sasso made a motion to increase the Deputy Agency Administrator salary to $61,360.00 for   2013.  This motion was seconded by Rich Bianculli.  All were in favor.  Motion carried.

With all business concluded, Ted Sasso made a motion to adjourn the meeting at 9:48 a.m.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

______________________________
Jonathan Kohan 
February 27, 2013