Monday – May 14, 2018 at 5:30 PM

Present

• F. Edward Devitt, Chairman
• Edwin Williams, First Vice-Chairman
• Stephen Rainaldi, Second Vice-Chairman
• Donna Jennings, Treasurer and Member
• Rodney Winchell, Member
• Joseph Joy, CEO

Absent

• George W. Cregg, Esq., Hodgson Russ Attorneys
• Robert J. McLaughlin, Esq., Hodgson Russ Attorneys

Also Present

• A. Zambrotta, Assistant Secretary
• Members of the Audience
• Suzanne Hadden, Recording Clerk

Agenda

• Call to Order
• Updates on potential projects
• Other Business
• Approval of the March 19, 2018 Meeting Minutes
• Adjournment

Chairman Devitt called the meeting to order and said the attorneys were arriving late due to an accident on the NYS Thruway.

Treasurer’s Reports

• Member Jennings reviewed the 2018 Treasurer’s Reports for March and April.
• A brief discussion was held on the accounts and possibly looking for a better return on the accounts and to look into reducing the funds in the checking account.
• First Vice-Chairman Williams motioned to accept the Treasure’s Reports as presented, seconded by Second Vice-Chairman Rainaldi. All in favor, all ayes, motion carried.

Updates on potential projects

• A discussion was held regarding 84 Square Associates, located on Hawkins Drive and Project Sailfish, located on NYS Route 17K and 747; to date there haven’t been applications received for the potential projects.
• Attorney Cregg and Attorney McLaughlin arrived and discussed an application received from Kadge LLC along with a Public Hearing Resolution for the project. Attorney Cregg said the attorney for the applicant is expected to arrive to explain the proposal. They are contemplating creating approximately 10 plus jobs in the 40 to 60 to 70 thousand dollar range of compensation. It’s a 24 acre parcel and there’s an existing PILOT on the existing building. The existing PILOT would continue as it is and this would be a separate PILOT under the UTEP, (Uniform Tax Exemption Policy).
• Daniel Teutul, Kadge, LLC and Christopher Massaroni, Attorney for the applicant arrived for the meeting.
• Mr. Massaroni said that they are here to propose this project which amounts to the expansion of the existing facilities that the company already has. Kadge is the entity that owns the property and it leases to Orange County Ironworks and Gabriel Steel. The main employer of the facility is Orange County Ironworks which currently has about 75 employees at the facility. Orange County Ironworks is in the business of steel fabrications. They fabricate steel which is then supplied to construction projects throughout the Hudson Valley and more so in the boroughs of New York. Gabriel is the company that does erection, so jobs are often contracted from Orange County Ironworks and they fabricate the steel and supplies it to the jobs and Gabriel Steel Erectors then does the erection.
• Mr. Massaroni said what they are proposing is the addition of two buildings and one would be behind the existing building on Maybrook Road and the other would be to the side. One is 45,000 SF which would expand the capabilities of the company to do larger projects; projects that would otherwise be subcontracted out. The second building is around 7,500 SF for storage of equipment. He reviewed the project costs with the board.
• A discussion was held on the planning and SEQRA process and the UTEP form.
• First Vice Chairman Williams motioned by Resolution to authorize the IDA to hold a public hearing regarding the Kadge, LLC project on Monday, June 11, 2018 at 5:30 p.m., seconded by Second Vice Chairman Rainaldi. All in favor, all ayes, motion carried.

Approval of the March 19, 2018 IDA Meeting Minutes

• Second Vice-Chairman Rainaldi motioned to approve the March 19, 2018 meeting minutes as presented, seconded by Member Winchell. All in favor, all ayes, motion carried.

Other Business

• Joseph Joy, CEO discussed updating the website and adjusting the claw back agreement for the IDA to receive the annual job information needed for the yearly audit, from the existing applicants who have PILOT agreements.
• A discussion was held on the claw back recapture policy, if the IDA does have or needs to have a procurement policy, the PARIS system and the previously filed PARIS reports and auditing practices of the State Comptroller’s office.

Member Winchell motioned to adjourn the meeting, seconded.