RESOLUTION
The regular meeting of the 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 February 19, 2013 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 [ ] [ ]
Harold Gold [ ] [ ]
Edward T. Sykes [ ] [ ]
Suzanne Loughlin [ ] [ ]
Charles Barbuti, Jr. [ ] [ ]
Harris Alport [ ] [ ]
Steve White [ ] [ ]
Sandy Shaddock [ ] [ ]
Sean Rieber [ ] [ ]
The following persons were also present:
Allan C. Scott, Chief Executive Officer
Jennifer C.S. Brylinski, Agency Executive Director
Elizabeth A. Hunt, Agency Executive Assistant
Walter F. Garigliano, Esq., Agency Counsel
The following resolution was duly offered by _____________________, and seconded by _______________________, to wit:
Resolution No. ____ – 13
RESOLUTION EXTENDING THE SALES TAX ABATEMENT PERIOD FOR THE PTNY REAL ESTATE LLC (“PTNY REAL ESTATE”) AND PLASTIC TECHNOLOGIES OF NEW YORK, LLC D/B/A SHELBURNE PLASTICS (“PTNY” AND TOGETHER WITH PTNY REAL ESTATE COLLECTIVELY, THE “COMPANY”) PROJECT NUNC PRO TUNC FROM OCTOBER 31, 2012 THROUGH AND INCLUDING OCTOBER 31, 2013
WHEREAS, the Agency was created by Chapter 560 of the Laws of 1970 of the State of New York, as amended, pursuant to Title I of Article 18-A of the General Municipal Law of the State of New York (collectively, the “Act”) as a body corporate and politic and as a public benefit corporation of the State of New York; and
WHEREAS, on or about November 10, 2010, the Agency closed a sale/leaseback transaction with the Company consisting of the (i) acquisition, construction, reconstruction, renovation, installation and equipping of a building to consist of approximately 19,800″ square feet (which includes approximately 4,400± square feet of office space and approximately 15,400± square feet of manufacturing and warehouse space) (“Building”) situate on a parcel of real estate consisting of 8.93″ acres located at 196 Bridgeville Road, County of Sullivan, State of New York and identified on the Town of Thompson tax map as Section 31, Block 1, Lot 83 (“Land”) and related facilities to be owned by the Agency; (ii) acquisition and installation thereon and therein certain furniture, fixtures, machinery, equipment and tools (“Equipment”); (iii) construction of an approximately 10,000± square foot addition to the Building (“Addition” collectively, with the Building, the Land, the Equipment the “Facility” or the “Project”); and (iv) lease of the Facility from the Agency to the Company; and
WHEREAS, in April, 2011, the Company requested and the Agency authorized an extension of the Company’s sales tax abatement period for the Project to October 31, 2011; and
WHEREAS, in December, 2011, the Company requested and the Agency authorized an extension of the Company’s sales tax abatement period for the Project nunc pro tunc from October 31, 2011 to April 30, 2012; and
WHEREAS, in April, 2012, the Company requested and the Agency authorized an extension of the Company’s sales tax abatement period for the Project from April 30, 2012 through and including October 31, 2012; and
WHEREAS, the Company, by letter, dated January 8, 2013 requested that the sales tax abatement period for the Project be extended for another year nunc pro tunc from October 31, 2012 to October 31, 2013 to facilitate the following:
- Finish excavation of back loading docks;
- Build small retaining wall;
- Install driveway drains;
- Finish floor covering with two (2) coats of epoxy;
- Install fixtures and pipes for two (2) handicap bathrooms;
- Purchase and install six (6) rooftop units for heat and air-conditioning;
- Purchase and install five (5) new pad mount chillers to cool blow molds;
- Purchase and install used blow molding equipment;
- Finish building offices, drop ceilings, flooring, doors and paint; and
- Purchase materials to finish electric wiring.
; and
WHEREAS, the Agency contemplates authorizing the extension of the sales tax abatement period for an additional one (1) year nunc pro tunc from October 31, 2012 to October 31, 2013 for the purpose of facilitating the Company’s ongoing construction of the Project.
NOW, THEREFORE, BE IT RESOLVED, that the sales tax abatement period for the Project be, and hereby is, extended nunc pro tunc from October 31, 2012 through and including October 31, 2013 to facilitate the Company’s ongoing construction of the Project.
The question of adoption of the foregoing resolutions were duly put to a vote on roll call, which resulted as follows:
Ira Steingart [ ] Yes [ ] No [ ] Absent [ ] Abstain
Harold Gold [ ] Yes [ ] No [ ] Absent [ ] Abstain
Edward T. Sykes [ ] Yes [ ] No [ ] Absent [ ] Abstain
Suzanne Loughlin [ ] Yes [ ] No [ ] Absent [ ] Abstain
Charles Barbuti, Jr. [ ] Yes [ ] No [ ] Absent [ ] Abstain
Harris Alport [ ] Yes [ ] No [ ] Absent [ ] Abstain
Steve White [ ] Yes [ ] No [ ] Absent [ ] Abstain
Sandy Shaddock [ ] Yes [ ] No [ ] Absent [ ] Abstain
Sean Rieber [ ] Yes [ ] No [ ] Absent [ ] Abstain
The resolution was thereupon duly adopted.
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