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 December 14, 2015 at 11:00 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 [ x ] [ ]
Edward T. Sykes [ x ] [ ]
Suzanne Loughlin [ ] [ x ]
Charles Barbuti, Jr. [ x ] [ ]
Sean Rieber [ x ] [ ]
Howard Siegel [ x ] [ ]
Carol Roig [ x ] [ ]
Paul Guenther [ x ] [ ]
Scott Smith [ x ] [ ]
The following persons were also present:
Steve White, Chief Executive Officer
Jennifer C.S. Brylinski, Agency Executive Director
Julio Garaicoechea, Agency Project Manager
Walter F. Garigliano, Agency General Counsel
The following resolution was duly offered by Edward T. Sykes, and seconded by Charles Barbuti, Jr. to wit:
Resolution No. 30 – 15
RESOLUTION EXTENDING THE SALES TAX ABATEMENT PERIOD FOR THE CENTER ONE HOLDINGS LLC PROJECT NUNC PRO TUNC FROM DECEMBER 1, 2015 THROUGH AND INCLUDING MAY 31, 2016
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 or about May 21, 2015, the Agency closed a sale/leaseback transaction with the Company consisting of: (i) construction and equipping of an approximately 11,760 square foot two story addition (“Building”) situate on one (1) parcel of real estate consisting of approximately 4.30 ± acres located at 13 Green Avenue in the Village of Woodridge, Town of Fallsburg (“Town”), County of Sullivan and State of New York and identified on the Town tax map as Section 103, Block 1, Lot 18.1 (“Land”) and related facilities owned by the Agency; (ii) the acquisition and installation thereon and therein of certain machinery, equipment and tools (“Equipment”) (collectively, the Building, the Land and the Equipment are referred to as the “Facility” or the “Project”); and (iii) leasing the Facility from the Agency to the Company; and
WHEREAS, the Company requested that the sales tax abatement period be extended for another six (6) months to May 31, 2016 allow ongoing construction of the Facility to continue; and
WHEREAS, the Agency contemplates authorizing the extension of the sales tax abatement period for six (6) additional months nunc pro tunc from December 1, 2015 through and including May 31, 2016 for the purpose of facilitating the foregoing.
NOW, THEREFORE, BE IT RESOLVED, that the sales tax abatement period for the Project be, and hereby is, extended nunc pro tunc from December 1, 2015 through and including May 31, 2016.
The question of the adoption of the foregoing resolution was duly put to a vote on roll call, which resulted as follows:
Ira Steingart [ x ] Yes [ ] No [ ] Absent [ ] Abstain
Edward T. Sykes [ x ] Yes [ ] No [ ] Absent [ ] Abstain
Suzanne Loughlin [ ] Yes [ ] No [ x ] Absent [ ] Abstain
Charles Barbuti, Jr. [ x ] Yes [ ] No [ ] Absent [ ] Abstain
Sean Rieber [ x ] Yes [ ] No [ ] Absent [ ] Abstain
Howard Siegel [ x ] Yes [ ] No [ ] Absent [ ] Abstain
Carol Roig [ x ] Yes [ ] No [ ] Absent [ ] Abstain
Paul Guenther [ x ] Yes [ ] No [ ] Absent [ ] Abstain
Scott Smith [ x ] Yes [ ] No [ ] Absent [ ] Abstain
The resolution was thereupon duly adopted.
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