Minutes - Rockland Economic Development Corporation

MINUTES OF INDUSTRIAL DEVELOPMENT AGENCY SPECIAL MEETING
THURSDAY, SEPTEMBER 6, 2012 – 8:10 A.M.
BLUE HILL PLAZA, PEARL RIVER, NY
Members Present: Eric Dranoff, Howard Hellman, Catherine Nowicki, Timothy Riley
Staff: Steven Porath, Executive Director
IDA Counsel: Anthony Montalbano, Esq.
Guests: Scott Milnamow and Neil Rube, Raymour & Flanigan; Andrew Maniglia, Esq., representing
Harbors Haverstraw, LLC; Richard Struck, pending IDA member; Michael DiTullo, REDC.
Noting that sufficient advance public notice had been given and there being a quorum present, the
Special Meeting of the Rockland County Industrial Development Agency was called to order by
Chair Eric Dranoff at 8:10 am.
Roll Call:
Eric Dranoff, Howard Hellman, Catherine Nowicki, Timothy Riley
Project Review:
Representatives of Raymour & Flanigan provided a status overview of the project of establishing a
regional warehouse/distribution facility at 30 Dunnigan Drive, Montebello, NY. Mr. Milnamow
and Mr. Rube attended the meeting at the request of the IDA to specifically discuss changes in the
company’s anticipated creation of new jobs. Due to adjustments in the company’s business
demands, the company anticipates that they will create 300 new jobs as indicated in the IDA’s
authorizing resolution and closing documents, but the timing may take longer than the originally
anticipated three years from closing. Acknowledging the reasons given and economic circumstances
involved, IDA members directed Counsel to prepare an amended authorizing resolution that adjusts
the job creation schedule accordingly. The resolution will be considered at the IDA’s next regularly
scheduled meeting, September 20, 2012.
ACTIONS
Inducement Resolution for Harbors Haverstraw Project:
• Mr. Porath introduced the project as a $22 million+ residential facility proposed as part of
Martin Ginsburg Development’s complex in the Village of Haverstraw. Mr. Maniglia,
representing the project, provided an overview of the project.

• Chairman Dranoff recommended that the Inducement Resolution be amended to provide
more detail regarding the project’s economic impact on the community (specifically detailing
the impact on the surrounding community). In addition, the amended resolution should
provide additional detail regarding the applicant’s need for financial incentives in light of
current economic conditions. Members concurred and directed Mr. Porath and Counsel to
work with Mr. Maniglia in identifying further details. As such, the scheduled action was
tabled and it is anticipated that an amended Inducement Resolution will be considered at the
IDA’s September 20, 2012 meeting.
Authorizing Resolution for the Holiday Inn Express Project/Doc Sai, LLC
• Mr. Porath introduced the authorizing resolution for the Holiday Inn Express Project. The
project involves the construction of a Holiday Inn Express facility at a location on Route 59,
Village of Spring Valley, Town of Clarkstown.
• Resolution: Authorization of the Holiday Inn/Doc Sai, LLC Project.
• Motion: Motion by Mr. Hellman and seconded by Ms. Nowicki. Motion passed.
Amended Authorizing Resolution for The Retail Property Trust/The Shops At Nanuet Project:
• Mr. Porath introduced an amended authorizing resolution for consideration re: the proposed
Shops At Nanuet Project, (under the name of The Retail Property Trust). The project
involves the applicant’s construction of a retail shopping center in Nanuet, Town of
Clarkstown.
• The applicant has requested pre-closing sales tax exemption of an additional $1,000,000 for a
total of $1,500,000. The request is due to business demands that require the applicant to
acquire materials to meet an aggressive construction schedule. Further, the applicant has
requested an amendment that will allow them until December 31, 2015 to utilize the
mortgage recording tax exemption. The resolution allows the applicant until September 30,
2012 to complete all closing documents, at which time the pre-closing sales tax exemption
will expire.
• Resolution: Amended Authorization of The Shops of Nanuet Project (The Retail Property
Trust).
• Motion: Motion by Ms. Nowicki and seconded by Mr. Riley. Motion passed.
Amended Resolution for Sentry PILOT:
• Mr. Porath introduced a resolution that would extend an existing PILOT for Sentry Industries
for an additional five years. The action is in response to a request by Sentry to extend the
PILOT (under its existing conditions and terms) due to a challenging business climate and
Sentry’s intent to remain (and expand) in Rockland.
• Resolution: Amended Resolution extending Sentry’s PILOT by five years.
• Motion: Motion by Ms. Nowicki and seconded by Mr. Hellman. Motion passed.
New Business
• Mr. Porath provided members with an update of various pending and anticipated projects.
• Mr. Porath asked members to concur that the IDA purchase an advertisement in Rockland
Economic Development Corporation’s Annual Luncheon Journal. Members concurred.
• Mr. DiTullo explained the process for Orange County, NY’s Foreign Trade Zone to
operate within Rockland County (on a case-by-case basis).
Committees
• There was no committee business.

Old Business
• There was no old business.
Treasurer’s Report
• Mr. Riley, Treasurer, presented to members the IDA Financial Report for May, June and July
2012. Ms. Nowicki made a motion to accept the report, seconded by Mr. Hellman. The
measure was approved.
Minutes of the meeting were read and approved.
The meeting was adjourned at 9:15 am.