Regular Board Meeting Minutes - Draft

TOWN OF GUILDERLAND INDUSTRIAL DEVELOPMENT AGENCY

REGULAR BOARD MEETING MINUTES - DRAFT A. May 31, 2017 Guilderland Town Hall Board Room

Board Members Present: Staff Members Present: William Young, Esq., Chairman A. Joseph Scott, III, Esq Christopher Bombardier, Member Counsel and Bond Counsel Kevin Hicks, Member Hodgson Russ, LLP, Agency Vera Dordick, Member Donald Csaposs, CEO Walter Pacholczak, Member William Adams, CFO James Shahda, Member Linda Cure, Administrative

Assistant

Board Members Absent: Staff Members Absent:

Other Attendees: Patricia Slavick & Lee Carman, Town Board Liaisons and members of the public

Chairman Young called the regular meeting of the Industrial Development Agency Board to order at 7:00pm.

I. Public Comment: Mark Grimm, Albany County Legislator, spoke in favor of the project but opposed to tax exemptions & PILOT. Karen White, E. Old State Road, opposed.

II. Approval of the Minutes of April 14, 2017: On a motion made by Mr. Bombardier and seconded by Mr. Hicks, the minutes of the April 14, 2017 IDA Board meeting were approved.

III. Chairman’s Report: Chairman Young reported that there are a number of applications coming before the IDA Board in the coming months: 1) DevCo Hotel Project (currently under review); 2) Best Western/Promenade Senior Living Project (application filed); 3) Two other potential applications. Chairman Young thanked Town Board members Mr. Carman and Ms. Slavick for attending the IDA Board meeting as the Town Board liaisons. He also thanked Mr. Grimm and the public for attending.

IV. Old Business: Chairman Young reported that CFO Mr. Adams had filed the PARIS report in a timely manner, confirmed by Mr. Adams.

V. New Business

A. Uniform Tax Exemption Policy - Review of Governance Committee Recommendation to continue existing policy unchanged (4/14/17). - Consideration of resolution approving Governance committee recommendation. On a motion made by Mr. Shahda and seconded by Mr. Bombardier, the Board approved the Governance committee’s recommendation to continue following the existing UTEP policy (unchanged).

B. Albany Place Project - Review Comments of Public Hearing Mr. Csaposs reported that the Public Hearing was held on May 18, 2017. There were no public comments. The Board has received letters from Assembly member Fahy and Senator Amedore in favor of the project. - Discuss Meeting Schedule The Board will be kept apprised of the progress of the application and a meeting will be scheduled for further discussion and/or consideration.

C. Hotel DevCo, LLC Project Attorney Scott reported to the Board that after discussion, Mr. Bombardier would be recusing himself from the deliberations and voting w/regard to the hotel project. Attorney Scott indicated that while there was no legal conflict w/Mr. Bombardier and the applicant, Attorney Scott agreed that Mr. Bombardier’s recusal would comply with best practices. Mr. Bombardier left the meeting.

Chairman Young shared a memo with the Board (see attached) describing his interactions with Crossgates and its principals. Attorney Scott indicated that, while no legal conflict exists, it would be considered best practice to disclose Chairman Young’s business interactions with one of the principals of Pyramid.

- Review and discuss project applicant PILOT request Attorney Scott reviewed the project synopsis with the Board (attached). Mr. Csaposs also discussed the staff analysis/recommendation memo that was shared with the Board (see attached). Board discussion ensued. After discussion, on a motion made by Ms. Dordick and seconded by Mr. Young, the Board voted unanimously to adopt the recommendation of staff to grant mortgage tax and sales tax abatements but not a PILOT agreement, Mr. Bombardier recused. - Consideration of resolution for SEQR determination On a motion made by Mr. Shahda and seconded by Mr. Pacholczak, the resolution confirming SEQR determination was unanimously approved, Mr. Bombardier recused (see attached). - Consideration of resolution approving project - On a motion made by Mr. Shahda and seconded by Mr. Pacholczak, the approving resolution Hotel DevCo, LLC project was unanimously approved, Mr. Bombardier recused (see attached).

D. Status of Other Potential Projects – Mr. Csaposs reported that he had received the application for the proposed Pine Bush Senior Living Community today, May 31st. Once the application is complete, it will be forwarded to the Board for review and posted on the Town website.

VI. Adjournment. On a motion made by Mr. Shahda and seconded by Mr. Hicks, Chairman Young adjourned the meeting of the Guilderland Industrial Development Agency at 7:47 pm.

Respectfully submitted, Linda Cure Administrative Assistant