Frank S. Venezia

Chairman

Joseph P. Richardson

Vice Chairman

Tim McCann

Secretary

Victoria Storrs

Assistant Secretary

Sandra Shapard

Member

Tim Maniccia

Member

David Kidera

Member

 

TOWN OF BETHLEHEM

Albany County - New York

INDUSTRIAL DEVELOPMENT AGENCY

445 DELAWARE AVENUE

DELMAR, NEW YORK 12054

Telephone:  (518) 439-4955

Fax:  (518) 439-5808

Email:  info@bethlehemida.com

www.bethlehemida.com

 

Regular Meeting Minutes

Friday, January 26, 2018

8:00 AM

Town Hall Auditorium

Thomas P. Connolly

Executive Director,

Assistant Secretary and

Agency Counsel

518-447-3303

     Allen F. Maikels

Treasurer, Chief Financial Officer and Contracting Officer

518-487-4679

Elizabeth Staubach

Economic Development Coordinator

Ext. 1189

     Robin Nagengast

Assistant to the Executive Director and Clerk

Ext. 1164

 

I.                     Call to Order/Roll Call/Quorom Determination

A Regular Meeting of the Bethlehem Industrial Development Agency of the Town of Bethlehem was held on the above date at the Town Hall Auditorium, 445 Delaware Avenue, Delmar, NY. The Meeting was called to order at 8:02 AM with the presence of a quorum noted.

Attendee Name

Title

Status

Arrived

Frank S. Venezia

Board Member/Chairman

Present

 

Joseph P. Richardson

Board Member/Vice Chairman

Present

 

Tim McCann

Board Member/Secretary

Present

 

Victoria Storrs

Board Member/Assistant Secretary

Present

 

Sandra Shapard

Board Member

Present

 

Tim Maniccia

Board Member

Present

 

David Kidera

Board Member

Present

 

Thomas P. Connolly

Executive Director/Agency Counsel

Present

 

Joe Scott

Bond Counsel

Present

 

Allen F. Maikels

CFO and Contracting Officer

Present

 

Robin Nagengast

Assistant to the Executive Director

Present

 

Elizabeth Staubach

Senior Planner/ED Coordinator

Absent

 

David VanLuven

Town Supervisor

Present

 

II.              Minutes Approval

1. Friday, December 15, 2017

RESULT:              ACCEPTED [UNANIMOUS]

MOVER:              Joseph P. Richardson, Board Member/Vice Chairman

SECONDER:              Sandra Shapard, Board Member

AYES:              Venezia, Richardson, McCann, Storrs, Shapard, Maniccia, Kidera

III.              Reports of Committees

·         Report of January 24, 2018 Audit Committee Meeting

The Audit Committee met January 24. The next Audit Committee meeting is scheduled for February 12 at 9am. Final drafts are expected for Agency approval at the February 23 Regular Meeting.

Motion To:              Approve Engagement of Cusack & Company, CPA, PC to perform 2017 Audit

RESULT:              APPROVED [UNANIMOUS]

MOVER:              Tim McCann, Board Member/Secretary

SECONDER:              Joseph P. Richardson, Board Member/Vice Chairman

AYES:              Venezia, Richardson, McCann, Storrs, Shapard, Maniccia, Kidera

 

 

Resolved, upon motion by Mr. McCann, seconded by Mr. Richardson, with all members in favor, the Agency approved engagement of Cusack & Company, CPA, PC to perform the 2017 audit.

IV.              Communications

·         Notification of Initial Allocation $618,170 (Connolly)

New York State Department of Economic Development notified the Agency of its initial private activity bond allocation for 2018.

V.              Old Business

·         Planning Board Update (Leslie)

At its January 16 meeting, the Planning Board approved the site plan for Carver Companies to construct a permanent inlet and trestle system at 126 Port Road South. Carver Companies is expected to begin construction of the inlet in the Spring.

·         Report of ED Coordinator (Leslie)

All Microenterprise Grant Funds have been awarded. Town Board approved $23,600 to Gabler Realty at the January 10 meeting. Ms. Staubach will attend the Economic Developer Conference in Albany on January 31 and return from maternity leave February 6. Scheduling and planning the Bethlehem Economic Development Event will begin soon and a venue is being sought.

·         Columbia 15 Project (Connolly)

There is no change.

·         SAE Sun (Monolith) Project (Jennifer Pickett)

Monolith received a commitment letter from Pioneer Bank and must close by April 30, 2018. The project description will be reviewed and the Agency will consider extension of approval of financial assistance of the project at the February 23 meeting.

·         Air Products Project (Connolly/Scott)

The project is expected to close in the near future.

·         1220 New Scotland Rd/ARCH SCBTHNY02 Termination (Scott)

Comments have been received and final termination paperwork should be signed soon.

·         44-74 21st Street LLC/Mortgage Berkshire Bank/Approval Resolution (Scott)

The project refinance closed in December 2017 and the documents are signed.

VI.              New Business

·         Financial Statements 12/31/17 (Maikels)

Mr. Maikels presented the financial statement of December 31, 2017. Expenses and revenues were down as compared to budget.

·         2017 Operations and Accomplishments/Resolution (Connolly)

Upon motion by Mr. Maniccia , seconded by Mr. Richardson, with all members in favor, the Agency approved the 2017 Operations and Accomplishments for inclusion in its annual reporting.

RESULT:              APPROVED AS AMENDED [UNANIMOUS]

MOVER:              Tim Maniccia, Board Member

SECONDER:              Joseph P. Richardson, Board Member/Vice Chairman

AYES:              Venezia, Richardson, McCann, Storrs, Shapard, Maniccia, Kidera

·         Report: Project Questionnaires (Maikels)

Project questionnaires were mailed to companies in December and some responses have been received.

·         Report: Billing of 2017 Administrative Fees (Maikels)

Project administrative fees were billed the first week of January.

·         Board Evaluation Reminder (Connolly)

Board assessments are due.

·         Annual & Regular Meeting - Friday, February 23, 2018 8:00 a.m. Auditorium

The Annual Meeting and the February Regular Meeting are scheduled for February 23 starting at 8am.

VII.              Adjournment

Motion To:              Adjourn

RESULT:              ADJOURN [UNANIMOUS]

MOVER:              Sandra Shapard, Board Member

SECONDER:              Victoria Storrs, Board Member/Assistant Secretary

AYES:              Venezia, Richardson, McCann, Storrs, Shapard, Maniccia, Kidera

 

 

Meeting of Friday, January 26, 2018                            Page | 3