RAMAPO LOCAL DEVELOPMENT CORPORATION by ET6XZE

VIEWS: 10 PAGES: 5

									                                       MINUTES


               RAMAPO LOCAL DEVELOPMENT CORPORATION

                                NOVEMBER 17, 2008
                                    9:00 A.M.

The Ramapo Local Development Corporation convened a regular meeting of the
corporation on Monday, November 17, 2008, at Ramapo Town Hall, 237 Route 59,
Suffern, New York 10901.


Directors Present:                                  Others Present:

Moses Gross                                         Aaron Troodler
Christopher P. St. Lawrence                         Michael Tauber

Directors Absent:

John Brunson

The meeting was called to order at 9:10 AM.

Roll Call

A motion was made to have Aaron Troodler record the minutes of this meeting.

Gross/St. Lawrence:           Unanimous

Aaron Troodler noted that all requisite postings of this meeting were done properly and in
a timely fashion.

Mr. St. Lawrence stated that the goal of the Ramapo Local Development Corporation is
to work to address the needs of the residents of the Town of Ramapo by providing
workforce housing that is both affordable and accessible, as well as new business
opportunities in the Town, as part of the Town’s ongoing initiatives for smart growth and
green development. The mission of the Ramapo Local Development Corporation is to
further the Town’s goals to meet these objectives.

1.     Selection of Chair to preside over the meeting

Mr. St. Lawrence was selected to preside over the meeting.

2.     Election of officers
This item was deferred to a future meeting, pending adoption of the corporation’s by-
laws.

3.     Discussion regarding the corporation’s office and physical address

This item will be addressed at a future meeting when there is sufficient funding available
to secure an office for the corporation.

4.     Discussion regarding retention of necessary support personnel

A motion was made to name Aaron Troodler the Executive Director of the
corporation.

Gross/St. Lawrence:           Unanimous

Further discussions regarding the retention of support personnel will be addressed at a
future meeting when there is sufficient funding available to secure said personnel.

5.     Financial agreement with the Town of Ramapo

Mr. St. Lawrence stated that the Town of Ramapo has secured $15 million for the
purposes of providing affordable housing to residents of the Town. $7.5 million of those
funds were used to purchase the Elm Street property, and the remaining $7.5 million will
be used to provide additional housing opportunities in the Town. Although the Ramapo
Local Development Corporation is not an entity of the Town and operates separate and
apart from the Town, it was formed pursuant to Section 1411 of the New York State Not-
For-Profit Corporation Law for the purposes of developing projects that will lessen the
financial burdens of the Town and promote the public interests of the Town for the
benefit of its citizens.

A motion was made to ask the Ramapo Town Board to enter into an agreement with
the Ramapo Local Development Corporation to transfer $7 million to the
corporation for the purposes of pursuing affordable housing opportunities in the
Town of Ramapo.

Gross/St. Lawrence:           Unanimous

6.     Directors and Officers Liability Insurance

A motion was made to obtain all necessary insurance coverage for the Ramapo
Local Development Corporation and its officers and directors from Lebaum
Company, Inc. of Monsey, New York.

Gross/St. Lawrence:           Unanimous

7.     Review of proposed by-laws
Mr. St. Lawrence stated that the review of the draft by-laws will continue and that the by-
laws will be adopted at a future meeting.

8.     Discussion regarding the Elm Street Project

Mr. St. Lawrence stated that the environmental review of the Elm Street property is being
conducted by the Army Corps of Engineers and by Wilson Environmental Technologies,
Inc. of Buffalo, New York as part of the SEQRA process. Maser Consulting P.A. is
preparing a survey of the property. Professionals from the Town of Ramapo’s
Department of Public Works have been reviewing the property and are studying the
property’s visual, road, sewage, and drainage aspects.

A motion was made to retain The Pines Homes Corp. of Monsey, New York to
provide professional general contracting services for the Elm Street Project.

Gross/St. Lawrence:           Unanimous

A motion was made to retain Atzl, Scatassa & Zigler, Land Surveyors, P.C. of New
City, New York to provide professional planning and engineering services for the
Elm Street Project.

Gross/St. Lawrence:           Unanimous

A motion was made to retain AB Design of Spring Valley, New York to provide
professional architectural services for the Elm Street Project.

Gross/St. Lawrence:           Unanimous

A motion was made to retain Wilson Environmental Technologies, Inc. of Buffalo,
New York to provide professional services relating to environmental and wetlands
review, and services relating to the permitting process for the Elm Street Project.

Gross/St. Lawrence:           Unanimous

A motion was made that as the general contractor of the Elm Street Project, The
Pines Homes Corp. of Monsey, New York shall provide the Ramapo Local
Development Corporation with a detailed accounting of all work done and all
expenditures made in conjunction with this project on a monthly basis.

Gross/St. Lawrence:           Unanimous

Mr. St. Lawrence stated that in furtherance of the Ramapo Local Development
Corporation’s intentions to provide affordable housing on the Elm Street property, the
corporation will meet with local and regional banks and other finance professionals to
discuss various financing options in relation to this project.
A motion was made to continue exploring various financing options relating to the
Elm Street Project and to enter into an agreement with the bank that presents the
most comprehensive and cost-effective financing package.

Gross/St. Lawrence:           Unanimous

9.     New Business

Mr. St. Lawrence stated that in furtherance of the Ramapo Local Development
Corporation’s intentions to provide affordable housing in the Town of Ramapo, the
Directors and the Executive Director of the corporation will work to establish a First
Home Club program. This program will provide comprehensive training to first-time
home buyers in various areas related to purchasing a home, including financial
counseling, how to choose an affordable home, how to develop a monthly budget, the
mortgage loan application process, the contract of sale, down payment and closing costs,
the dangers of predatory lending, and life as a homeowner.

A motion was made to begin discussions with Jacob Horowitz, the Executive
Director of the Community Outreach Center of Monsey, New York, to serve as an
instructor of the First Home Club.

Gross/St. Lawrence:           Unanimous

Mr. St. Lawrence stated that as the Ramapo Local Development Corporation works to
provide affordable housing for residents of the Town of Ramapo and to pursue smart
growth opportunities and green development that will enhance the Town, the corporation
should work with the municipalities in close proximity to the Elm Street property in order
to achieve their shared goals of responsible and environmentally friendly housing
opportunities.

A motion was made to appoint John Brunson to serve as a liaison with the Village of
Spring Valley in relation to the Elm Street Project.

Gross/St. Lawrence:           Unanimous

A motion was made to appoint Moses Gross to serve as a liaison with the Village of
Kaser in relation to the Elm Street Project.

St. Lawrence/Gross:           Unanimous

A motion was made that at such time as the Ramapo Local Development
Corporation is in receipt of funds, the corporation will establish a bank account to
be used as the official depository of the corporation, and will retain all records of the
corporation at its offices for review by the Ramapo Town Board and all other
parties as the law permits.
Gross/St. Lawrence:        Unanimous

Mr. St. Lawrence commended the members of the Ramapo Town Board for their vision
and foresight in developing a smart growth approach that will provide housing and
recreational opportunities for residents of the Town of Ramapo.

A motion was made to provide the members of the Ramapo Town Board with copies
of the minutes of all meetings of the Ramapo Local Development Corporation.

Gross/St. Lawrence:        Unanimous

A motion was made to designate the Rockland County Times, 119 Main Street,
Nanuet, New York 10954, as the official newspaper of the Ramapo Local
Development Corporation.

Gross/St. Lawrence:        Unanimous

A motion was made to charge the Executive Director of the Ramapo Local
Development Corporation with ensuring that meetings of the corporation are duly
posted.

Gross/St. Lawrence:        Unanimous

10.    Adjournment

A motion was made to set the next meeting of the Ramapo Local Development
Corporation on Monday, November 24, 2008, at 9:00 AM at Ramapo Town Hall.

Gross/St. Lawrence:        Unanimous

Motion to adjourn:         9:50 AM

Gross/St. Lawrence:        Unanimous



Respectfully Submitted,

Aaron Troodler

								
To top