INDUSTRIAL DEVELOPMENT AGENCY

REGULAR MEETING

THURSDAY, DECEMBER 17, 2015 – 8:15 A.M.

TWO BLUE HILL PLAZA, 3rd FLOOR, PEARL RIVER, NY

 

AGENDA

 

  • Call to Order Eric Dranoff

 

  • Action Items

    • Authorizing Resolution: York Analytical Laboratories (Exhibit A)

    • Authorizing Resolution: Vitane Pharmaceuticals

Sales Tax Exemption Extension (Exhibit B)

    • Inducement Resolution: Ramland II (Exhibit C)

 

  • New Business

    • Board Evaluations

 

  • Old Business

 

  • Treasurer’s Report: Tim Riley

    • Financials for November 2015

 

  • Review of November 2015 Minutes

 

  • Reading and Approval of the Minutes

 

  • Adjournment

 

 

 

MINUTES OF INDUSTRIAL DEVELOPMENT AGENCY

REGULAR MEETING

THURSDAY, DECEMBER 17, 2015 – 8:10 A.M.

TWO BLUE HILL PLAZA, PEARL RIVER, NY, 10965

 

Members Present: Eric Dranoff, Tim Riley, Peggy Zugibe

 

Members Absent: Howard Hellman

 

Staff:  Steven Porath, Executive Director

 

IDA Counsel:  Brian Quinn, Esq.

 

Guests: Anthony Patton, Ramland Holdings

 

Noting that sufficient advance public notice had been given and there being a quorum present, the regular meeting of the Rockland County Industrial Development Agency was called to order at 8:10 a.m. by Chairman E. Dranoff. 

 

Roll Call:

Present: Eric Dranoff, Tim Riley, Peggy Zugibe

 

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Action Items:

 

  • Authorizing Resolution: York Analytical Laboratories

    • S. Porath provided an update on the project, and noted that a public hearing had been held Dec. 16.  There was no public comment.

    • A motion to approve the Authorizing Resolution was made by T. Riley, seconded by P. Zugibe. All in favor.  Motion passed, 3-0.

 

  • Amended Authorizing Resolution: Vitane Pharmaceuticals

    • S. Porath provided an overview of the project, which involves providing an additional $2 million in sales tax exemption as part of the company’s plan to expand their Congers facility and manufacturing capabilities.

    • S. Porath noted that the project had been originally authorized for $3 million in sales tax exemption but only accepted $1 million at the time of closing.  The amending resolution provides for the originally authorized benefit to be provided.

    • A motion to approve the Amended Authorizing Resolution was made by P. Zugibe, seconded by T. Riley.  Motion passed, 3-0.

  • Inducement Resolution: Ramland Holdings Project II

    • S. Porath provided an overview of the project, which involves a $30 million expansion of an existing data center at One Ramland Road, Orangeburg.

    • A. Patton, representing the applicant, explained that the company will be undergoing the infrastructure and equipment implementation to accommodate new tenants at the 230,000+ square foot facility.

    • Member T. Riley stated for the record that his employer had previously been engaged by the applicant to perform contracting work at the site.  He noted that his employer is not engaged to do any additional business at the site.

    • Counsel Quinn requested that Members, when considering the resolution, include that the document will have amended language regarding mortgage recording tax exemption.

    • A motion to approve the Inducement Resolution – with noted amendment -was made by P. Zugibe, seconded by T. Riley.  All in favor.  Motion passed, 3-0

 

New Business

  • There was no new business.

 

Old Business

  • There was no old business.

 

 

Treasurer’s Report:

  • Members reviewed and approved November 2015 financial reports.

 

Executive Session:

  • A motion was made and approved by Members to enter into Executive Session at 8:25 am to discuss Personnel matters.

  • Members concluded Executive Session at 8:50 am.

 

 

New Business (cont.):

  • A motion by T. Riley, seconded by P. Zugibe was proposed authorizing a (to be reviewed) lease agreement and allocation of up to $10,000 for relocation and fit-up costs.  All in favor. Motion passed, 3-0.

 

Members reviewed the November 2015 minutes.

 

Members approved the meeting minutes.

 

Meeting was adjourned.