RESOLUTION
A regular meeting of County of Sullivan Industrial Development Agency (“Agency”) was convened in public session at the Sullivan County Government Center, 100 North Street, Village of Monticello, Sullivan County, New York on May 13, 2014 at 10:00 a.m. local time.
The meeting was called to order by Chairman Ira Steingart, and, upon roll being called, the following members of the Agency were:
PRESENT ABSENT
Ira Steingart [ √ ] [ ]
Edward T. Sykes [ √ ] [ ]
Suzanne Loughlin [ √ ] [ ]
Charles Barbuti, Jr. [ √ ] [ ]
Steve White [ √ ] [ ]
Sandy Shaddock [ √ ] [ ]
Sean Rieber [ √ ] [ ]
Howard Siegel [ √ ] [ ]
Carol Roig [ √ ] [ ]
The following persons were also present:
Allan C. Scott, Chief Executive Officer
Jennifer C.S. Brylinski, Agency Executive Director
Jennifer M. Flad, Agency Vice-President of Government Affairs and
Business Development
Walter F. Garigliano, Agency General Counsel
The following resolution was duly offered by Sandy Shaddock, and seconded by Howard Siegel to wit:
Resolution No. 19 – 14
RESOLUTION EXTENDING THE SALES TAX ABATEMENT PERIOD FOR THE LIBERTY STORAGE, L.L.C. (“COMPANY”) PROJECT FROM APRIL 1, 2014 THROUGH AND INCLUDING MARCH 31, 2015
WHEREAS, by Title 1 of Article 18-A of the General Municipal Law of the State of New York (“State”), as amended, and Chapter 560 of the Laws of 1970 of the State, as amended and codified as Section 960 of the General Municipal Law (collectively, the “Act”), the Agency was created with the authority and power to own, lease and sell property as authorized by the Act; and
WHEREAS, on June 16, 2003, the Company and the Agency closed a sale/leaseback transaction consisting of (i) the acquisition, construction and equipping of (a) an approximately 34,000 square foot building consisting of approximately two-hundred and fifty-two (252) storage units (“2003 Storage Building”); and (b) an approximately 2000 square foot office building intended to house an office and retail packaging supply store (“2003 Retail Building”) (collectively the Storage Building and the Retail Building are referred to as the “2003 Building”) located at 1695 Route 52 in the Town of Liberty, County of Sullivan, State of New York situate on one (1) parcel of real estate consisting of approximately 9.36± acres and identified on the Town of Liberty tax map as Section 30, Block 1, Lot 90.7 (“2003 Land”) and related facilities to be owned by the Agency; (ii) the acquisition and installation thereon and therein of certain furniture, fixtures, machinery, equipment and tools (“2003 Equipment”); (iii) the acquisition, construction and equipping of improvements to the 2003 Building, the 2003 Land and the 2003 Equipment (collectively, the 2003 Building, the 2003 Land and the 2003 Equipment are referred to as either the “2003 Facility” or the “2003 Project”); and
WHEREAS, on or about September 10, 2013, the Company presented the Agency with an application for the (i) construction, installation and equipping of an approximately 14,400 square foot building to consist of approximately 133″ storage units (“2013 Building”) to be located at 1695 Route 52 in the Town of Liberty, County of Sullivan, State of New York and identified on the Town of Liberty tax map as Section 30, Block 1, Lot 90.7 (“2013 Land”) and related facilities owned by the Agency; (ii) acquiring and installing thereon and therein certain furniture, fixtures, machinery, equipment and tools (“2013 Equipment”); (iii) constructing improvements to the 2013 Building, the 2013 Land and the 2013 Equipment (collectively, the 2013 Building, the 2013 Land and the 2013 Equipment are referred to as the “2013 Expansion Facility” or the “2013 Expansion Project”); and (iv) leasing the 2013 Expansion Facility from the Agency to the Company; and
WHEREAS, the 2013 Expansion Project closed with Sterling Bank on March 28, 2014; and
WHEREAS, by letter, dated May 5, 2014, a copy of which is attached, the Company requested that the sales tax abatement period be extended to accommodate the continued completion of the Company’s 2013 Expansion Project; and
WHEREAS, the Agency contemplates authorizing the extension of the sales tax abatement period for twelve (12) additional months from April 1, 2014 through and including March 31, 2015 for the purpose of facilitating the Company’s completion of the 2013 Expansion Project.
NOW, THEREFORE, BE IT RESOLVED, that the sales tax abatement period for the 2013 Expansion Project be, and hereby is, extended from April 1, 2014 through and including March 31, 2015 to facilitate the continued completion of the 2013 Expansion Facility.
The question of the adoption of the foregoing resolution was duly put to a vote on roll call, which resulted as follows:
Ira Steingart [ √ ] Yes [ ] No [ ] Absent [ ] Abstain
Edward T. Sykes [ √ ] Yes [ ] No [ ] Absent [ ] Abstain
Suzanne Loughlin [ √ ] Yes [ ] No [ ] Absent [ ] Abstain
Charles Barbuti, Jr. [ ] Yes [ ] No [ ] Absent [ √ ] Abstain
Steve White [ √ ] Yes [ ] No [ ] Absent [ ] Abstain
Sandy Shaddock [ √ ] Yes [ ] No [ ] Absent [ ] Abstain
Sean Rieber [ √ ] Yes [ ] No [ ] Absent [ ] Abstain
Howard Siegel [ √ ] Yes [ ] No [ ] Absent [ ] Abstain
Carol Roig [ √ ] Yes [ ] No [ ] Absent [ ] Abstain
The resolution was thereupon duly adopted.
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