July 13, 2012, Meeting Minutes

    One Cablevision Center
    Ferndale, New York  12734
    (845) 295-2603 – telephone
    (845) 295-2604 – fax 

    Friday, July 13, 2012 

    I.         CALL TO ORDER

    Chairman Steingart called to order the rescheduled meeting of the County of Sullivan Industrial Development Agency at approximately 10:01 A.M., which was held in the Legislative Committee Room at the Sullivan County Government Center, Monticello, New York. 

    II.       ROLL CALL

                Members Present-                              Members Absent-

    Ira Steingart                                         Charles Barbuti        

    Harris Alport                                        

    Harold Gold

    Suzanne Loughlin     

    Sean Rieber

    Sandy Shaddock

    Edward Sykes

    Steve White                      


              Staff Present-                                             Staff Absent-

    Elizabeth A. Hunt, Exec. Assistant             Jennifer C.S. Brylinski, Exec. Dir.    


    Others Present-

    Walter F. Garigliano, Esq., Agency Legal Counsel  

    Tara Lewis, Garigliano Law Offices

    Scott Samuelson, Sullivan County Legislator

    Cora Edwards, Sullivan County Legislator

    Jennifer Mall, SC Planning Department Agriculture Planner

    Dan Hust, Sullivan County Democrat

    Dick Riseling

    Barbara Burton

    (Please note that not all attendees were present for the entire meeting)



    Mr. Sykes made a motion to jointly approve the minutes of the June 12, 2012 regular meeting and the June 26, 2012 reconvened meeting.  The motion was seconded by Ms. Loughlin, the Board voted and the motion was unanimously carried. 


    Mr. Sykes made a motion to approve the revised schedule of payments, the motion was seconded by Mr. Rieber, the Board voted and the motion was unanimously carried. 


    Ms. Brylinski was not in attendance so Ms. Hunt wished to advise the Board that since the last meeting six loans have closed.  Two of the loans were from the Millennium RLF and the other four were RMAP loans.  Mr. Garigliano thanked Mr. Gold for attending the closings and signing documents on behalf of the IDA and SCFC. 

    VI.       OLD BUSINESS



              Mr. Garigliano advised the Board that the resolution regarding Loughlin & Billig PC that was on the agenda will be tabled until a later date.  He explained that even though the requirement of a Cost/Benefit Analysis (“CBA”) is no longer required by law it is still a policy of the IDA.  The CBA, which is being compiled by Tom Shepstone, was not yet complete so therefore the resolution was not being presented.  There was a brief discussion regarding, among other things, the purchase price versus the value of the building and the condition of the building.  It was unanimously agreed by the Board that the current meeting will be recessed and the reconvened meeting will be held on Wednesday, July 18, 2012 at 1 P.M. at the SC Government Center in the Legislative Committee Room.  Chairman Steingart commented on the project by saying that it is important for businesses to stay in Sullivan County.  Mr. Rieber asked if Mr. Scott could be brought into the loop to see if a commercial business could be placed in the building that will be left vacant when Zager Law Offices moves.    

    Mr. Garigliano passed out to the Board a resolution authorizing and approving the execution and delivery of a mortgage in an amount not to exceed $300,000 and related documents in favor of Ally Bank (Ally Capital in Hawaii, Mississippi, Montana and New Jersey), relating to the MBM Enterprises, LLC and M&M Automotive , Inc. project.  Mr. Garigliano gave a brief background to the Board on how economy for the past several years has affected the car industry.  On a motion by Mr. Rieber, seconded by Mr. White, with Mr. Sykes abstaining, the Board voted and the resolution was passed. 

    Mr. Garigliano passed out to the Board a resolution authorizing and approving a RMAP loan to ND Pro Media Inc. in the amount of $25,000.  Mr. Alport commented that whenever possible he would like to have the recipients of the IDA’s loans to attend the IDA meetings.  On a motion by Ms. Loughlin, seconded by Ms. Shaddock, the Board voted and the resolution was unanimously passed. 

    Chairman Steingart asked if there was any public comment. 

    Ms. Burton made a general comment regarding Sullivan County. 

              Mr. Garigliano asked if an executive session be called

              to discuss a possible litigation matter regarding the

              457 Equities LLC project.  One a motion by Ms. Loughlin,

              seconded by Ms. Shaddock, the Board voted and        unanimously agreed to go into executive session at          approximately 10:30 A.M.  Please note that Legislator          Samuelson stayed for the executive session. 


              On a motion by Mr. Gold, seconded by Ms. Loughlin

              the Board unanimously voted to come out of executive

              session at approximately 10:50 A.M.

    VIII.   ADJOURNMENT (Recess)

    There being neither any further public comment nor comment by the Board, Chairman Steingart asked for a motion to recess the meeting.  On a motion by Mr. Gold, seconded by Mr. Alport, the Board voted and the meeting was recessed at approximately 10:51 A.M. 

                                                              Respectfully submitted:

                                                              Elizabeth A. Hunt       

                                                              Executive Assistant

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