COUNTY OF SULLIVAN INDUSTRIAL DEVELOPMENT AGENCY
One Cablevision Center
Ferndale, New York 12734
(845) 295-2603 – telephone
(845) 295-2604 – fax
SPECIAL MEETING MINUTES
Wednesday, December 18, 2013
I. CALL TO ORDER
Chairman Steingart called to order the special meeting of the County of Sullivan Industrial Development Agency at approximately 12:03 pm., which was held in the Legislative Committee Room at the Sullivan County Government Center, Monticello, New York. All legal requirements to hold a special meeting have been met.
II. ROLL CALL
Members Present- Members Absent-
Ira Steingart Harris Alport
Sean Rieber Harold Gold
Staff Present- Staff Absent-
Jennifer C.S. Brylinski, Exec. Director None
Jen Flad, VP Business Development
Allan C. Scott, ALSCO Management, Inc. /Consultant /IDA CEO
Walter F. Garigliano, Esq., Agency Legal Counsel
Scott Samuelson, SC Legislature
Marc Baez, SC Partnership for Economic Development
Dan Hust, SC Democrat
Steve Israel, Times Herald-Record
III. NEW BUSINESS
Attorney Garigliano updated the Board on the Concord project. EPT Concord II, LLC has notified the Agency that it is exercising its right to convey the property and project to a new entity called EPT Concord II, LP. This was contemplated at the time of the closing, and is set forth as a reserved right in the closing documents. No action or approval by the Board is required.
He continued that the IDA is in receipt of the final payment from Poley Paving Corporation, to complete its 2013 PILOT obligations.
Attorney Garigliano reminded the Board that in November the IDA approved the transfer of the Centre One shopping center project from Centre One Development, LLC to Center One Holdings, LLC. At that time, the applicant was without a mortgage commitment, but the mortgage commitment has now been received. Today’s resolution refers to the specific mortgage financing, and authorizes the Chairman or CEO to sign the mortgage in order to mortgage the Agency’s interest in the property. Mr. Rieber made a motion, which was seconded by Ms. Loughlin. The Board voted and the resolution was unanimously approved.
Chairman Steingart noted that this is the last meeting before Mr. Gold’s and Mr. Alport’s resignations take effect. While they are not present today, he wished to express thanks for their service. Ms. Loughlin added that Mr. Gold’s historical perspective on Sullivan County has been a valuable resource and he will be greatly missed.
Chairman Steingart updated the Board on the IDA’s application for food hub funding through the State’s Consolidated Funding Application (CFA) process. The IDA has been awarded funding, but the award is approximately $100,000 less than the original request. Attorney Garigliano added that following discussions with the Hudson Valley Agribusiness Development Corporation (HVADC), he believes there are multiple options for accessing the remaining funds to allow us to proceed with the project.
Chairman Steingart added that the red meat facility site work is moving forward. Ms. Shaddock inquired about the status of the advisory group and its efforts to find a facility operator. Ms. Flad answered that the group has been meeting to discuss many options for seeking an operator. She added that Todd Erling of HVADC has been offering guidance in this effort, and has referred the group to a consultant in Columbia County with experience in the slaughter and processing industry. The group will have a conference call this afternoon to discuss operations, financing, corporate structure and other aspects of the project with the consultant. Attorney Garigliano added that all options for facility operation remain in play.
Chairman Steingart asked for public comment. Dan Hust inquired as to the status of the Vodas, LLC project. Chairman Steingart responded that they have withdrawn their application. Attorney Garigliano added that the applicant desires to move ahead with the project, but that the application was withdrawn due to a timing issue. On a motion made by Mr. Barbuti, and seconded by Mr. Rieber, the meeting was adjourned at approximately 12:11 pm.
IDA VP, Business Development