Download Minutes - August 16, 2011

BABYLON INDUSTRIAL DEVELOPMENT AGENCY
IDA/IDC MEETING
AUGUST 16, 2011
PRESENT:
RAMON ACCETTELLA, JR.
WILLIAM BOGARDT
CHRIS FERENCSIK
PAULETTE MOSES
SANDRA THOMAS
JOHN SHEPARD
ALSO PRESENT:
ROBERT STRICOFF, CEO
JOHN BRASLOW, ESQ.
MARIA TRUPIA, BOARD SECRETARY
EXCUSED ABSENCE:
PATRICK HALPIN
ROSEMARIE DEARING
Meeting was called to order at 12:10 p.m.
Motion was made by William Bogardt and seconded by Paulette Moses to accept the
Minutes from the July 12, 2011, IDA/IDC Board Meeting. All in favor, motion carried.
Motion was made by Chris Ferencsik and seconded by William Bogardt to accept the
Minutes from the August 4, 2011, Public Hearing for NBTY,Inc. All in favor, motion
carried.
Motion was made by Paulette Moses and seconded by John Shepard to accept the
Minutes from the February 15, 2011, Public Hearing for Jesco, Inc. All in favor, motion
carried.
Motion was made by Chris Ferencsik and seconded by John Shepard to accept the
Minutes from the August 15, 2011, Public Hearing for Bellco Drug Corp. All in favor,
motion carried.
Motion was made by William Bogardt and seconded by Paulette Moses to adopt a
Resolution permitting a five-year sublease between JMDH Real Estate of Babylon, LLC
and KSI Trading Corp., d/b/a Crash and Rust located at 1966 Broad Hollow Road, East
Farmingdale, New York 11735 (SCTM# 0100 033.00 01.00 012.000). The Crash and
Rust sublease covers approximately 71,072 square feet of warehouse space. A discussion
ensued with Counsel. All in favor, motion carried.
Motion was made by Chris Ferencsik and seconded by Sandra Thomas to adopt a
Resolution giving preliminary approval of the Town of Babylon Industrial Development
Agency to grant certain financial assistance to Piping Rock Health Products, LLC and 51
Executive Realty, LLC. A discussion ensued. All in favor, motion carried.
Motion was made by Sandra Thomas and seconded by William Bogardt to adopt a
Resolution granting approval of and authorizing the grant of certain financial assistance
by the Town of Babylon Industrial Development Agency to New Measures, LLC and
NBTY, Inc. in connection with the acquisition, renovation and equipping by New
Measures, LLC of an office, manufacturing and warehouse facility in the Town of
Babylon. A discussion ensued wherein renovations, employment and history of company
were discussed. All in favor, motion carried.
Motion was made by Chris Ferencsik and seconded by Paulette Moses to adopt a
Resolution authorizing the execution of mortgage and modification agreement in
connection with Jaser Realty LLC and the Fragrancenet.Com, Inc. project. A discussion
ensued. All in favor, motion carried.
Motion was made by John Shepard and seconded by Paulette Moses to adopt a
Resolution granting approval of and authorizing the grant of certain financial assistance
by the Town of Babylon Industrial Development Agency to Bellco Drug Corp. in
connection with the leasing, renovation, re-equipping and potential expansion of a
manufacturing, warehouse and distribution facility in the Town of Babylon. A discussion
regarding employment, lease terms and history of company ensued. All in favor, motion
carried.
Motion was made by William Bogardt and seconded by Sandra Thomas to adopt a
Resolution authorizing the execution of a company lease agreement by the Agency with
respect to the Massapequa Imports project. A discussion ensued with Counsel. All in
favor, motion carried.
Motion was made by Chris Ferencsik and seconded by John Shepard to adopt a
Resolution granting approval of and authorizing the grant of certain financial assistance
by the Town of Babylon Industrial Development Agency to Orlandi, Inc., in connection
with the acquisition, renovation and equipping of an office, manufacturing, laboratory
and warehouse facility in the Town of Babylon A discussion ensued wherein
employment and job retention were discussed, as well as the locations of this company.
All in favor, motion carried.
Motion was made by Chris Ferencsik and seconded by Sandra Thomas to adopt a
Resolution authorizing the Chief Executive Officer to enter into negotiations with
Seigerman’s Furniture Showplace, LLC regarding any possible “claw-back” of benefits
paid to the Agency. All in favor, motion carried.
Chief Executive Officer’s Report:
Robert Stricoff informed the Board there will be a few closing in the near future. He
further informed the Board that he will be reviewing the budget at the next meeting.
Old Business:
No Old Business
New Business:
No New Business
Adjournment:
There being no further business to come before the Board, a motion to close was made by
William Bogardt and seconded by Chris Ferencsik.