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At a regular Greater Glens Falls Development Corporation meeting

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At a regular Greater Glens Falls Development Corporation meeting Powered By Docstoc
					City of Glens Falls
GREATER GLENS FALLS DEVELOPMENT CORPORATION August 10, 2006
MEETING MINUTES

A regular meeting of the Greater Glens Falls Development Corporation members was held at 7:30 AM on Thursday, August 10, 2006 in Mayor’s Conference Room, City Hall, 42 Ridge Street, Glens Falls, NY 12801. Present: Mayor Leroy Akins, Chairman Robert Regan, and Commissioners Daniel Hazewski, Paul McPhillips and Lois Robinson Absent: None. Also Present: Attorney Mark Noordsy; Tom Ross, Loftus & Ross; Thomas Donohue and Jacqueline Squadere, Community Development; Todd Feigenbaum, Economic Development; James Thatcher, Avalon Assoc.; William Tompkins, Shelter Planning & Dev.; Peter Wohl, ATAC; and The Post Star.


Chairman Regan brought the meeting to order. He stated the first item is approval of the minutes of the July, 2006 meeting. He stated there was some question about the intent of the resolution passed for the Children’s Museum, Resolution No. 57. Discussion ensued with regards to the resolution.


RESOLUTION NO. 60 On the motion of Commissioner Hazewski, seconded by Commissioner Robinson, all voting affirmatively, it was RESOLVED THAT, the Greater Glens Falls Development Corporation hereby rescinds Resolution No. 57/2006 and gives the World Awareness Children’s Museum a grant in the amount of $5,000, to be used for roof repairs as requested, with additional monies, not to exceed $7,500, as a match dollar for dollar, of funds raised by the Museum from other municipalities, the funds to be paid upon submission of documentation of the completed repairs.
   RESOLUTION NO, 61

On the motion of commissioner Hazewski, seconded by Commissioner McPhillips, all voting affirmatively, it was RESOLVED THAT, the Greater Glens Falls Development Corporation hereby approves the minutes from the July 13, 2006 meeting.


The next item on the agenda is bills to be paid.

Pg. 2 L.D.C. 08/10/06

Commissioner Hazewski stated he has several questions – why are they paying Bartlett Pontiff $691.16 – that was for Larry Paltrowitz. Mr. Wohl stated it believes that’s for incubator-related services, establishing the Incubator as a 501-C3. Commissioner Hazewski stated that’s the responsibility of the Incubator Board, so why is it here for the LDC to pay? The IDA forwarded a $100,000 line of credit to the Incubator Board to be used for whatever they needed. He suggested deferring payment on that until it is looked into. He stated further that the LDC is not a City Department and that the bills need to come here – not to the City Attorney, who has nothing to do with the LDC. Commissioner Robinson stated that she hasn’t seen or reviewed any of the bills.
   RESOLUTION NO, 61

On the motion of Commissioner McPhillips, seconded by Mayor, all voting affirmatively, it was RESOLVED THAT, the Greater Glens Falls Development Corporation hereby approves, pending review by Corporation Treasurer, Commissioner Lois Robinson, the following bills to: City of Glens Falls, $73.06; Loftus Ross, $940.00; Clough Harbour & Assoc., $145.00; Barton & Loguidice PC, $3,988.46; EDC, $5,000.00; Shelter Planning & Dev., $5,837.18, $3,157.50; Sacco & McKinney Architects PC, $4,259.39.


The next item on the agenda is the Updated Financial Statement. Mr. Ross stated it was a pretty standard month.
   RESOLUTION NO. 62

On the motion of Commissioner Hazewski, seconded by Commissioner McPhillips, all voting affirmatively, it was RESOLVED THAT, the Greater Glens Falls Development Corporation hereby adjourns to executive session to discuss loans.


Upon the Corporation’s return to regular session, the following resolutions were passed.
   RESOLUTION NO. 63

On the motion of Commissioner Robinson, seconded by Commissioner McPhillips, all voting affirmatively, it was

Pg. 3 L.D.C. 08/10/06

RESOLVED THAT, the Greater Glens Falls Development Corporation hereby approves a loan, in the amount of $35,000 to Red Fox Books.
   RESOLUTION NO. 64

On the motion of Commissioner McPhillips, seconded by Commissioner Robinson, all voting affirmatively, it was RESOLVED THAT, the Greater Glens Falls Development Corporation hereby approves extending the current loan for ATS, LLC for 5 years at 5% interest, based on the original amortization schedule, with the understanding that at the end of the five years, the balloon payment will be due.


OLD BUSINESS Peter Wohl addressed the Board with regards to the Adirondack Technology Accelerator Center everything is going well. The Brownfield work has begun, as well as an asbestos survey. Jim Thatcher, Avalon Assoc. addressed the Board. He stated the asbestos has been sampled and they’re designing a plan to remove it. They plan to combine to use the same contractor to remove the asbestos and the fuel tanks in the basement to save money and stay on schedule. He noted that the contractors engaged for the rehab of the building can work while the Brownfield work is going on. Mr. Tompkins stated that they are on track with the EDA, even though they delayed their start, they’ve been granted the extension. The contract with Sacco and McKinney was approved by the EPA. Mr. Feigenbaum stated they’re on schedule to be completed by September, 2007. Commissioner Hazewski asked if the first meeting with Sacco and McKinney had occurred? Mr. Wohl replied yes, they met with them and approved the new timeframe of the plan. They’ll be meeting again with the architects in the next 2 weeks as a sub committee of the Incubator Board with some specifics they want to incorporate into the design. Mayor Akins asked if they know who they’re going to go after for tenants there? Mr. Wohl replied that’s an on-going process. They’re really focused right now on program development. They do have 2-3 entities that have expressed an interest. He stated further that they have decided to keep the name “Adirondack Regional Business Incubator” for the Board and have decided on Adirondack Business Center for the building itself. He stated further that there has been discussion for a while about whether they wanted to have a clean room facility or not. Everyone seems very receptive to the idea and there is the possibility of having a portable clean room donated to them. They feel that is the way to go right now, considering the costs.

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Attorney Noordsy stated that there needs to be a lease developed between the LDC and the Incubator Board. He stated that he would get together with Attorney Paltrowitz on that. Mr. Feigenbaum stated with regards to Tech Meadows, he met with National Grid regarding the $100,000 grant. There had been delays with the paperwork getting processed and basically National Grid said it was too old and they kicked the application back to us. National Grid is saying they’ll try to protect that amount in next year’s allocation, but they’re already saying there are going to be less funds available. Bill Tompkins is reinventing the application, updating some of the budgets. Commissioner Robinson suggested having someone mow the field – it looks sloppy. Mr. Feigenbaum stated they’re getting a new sign made for it. He stated further that with regards to the marketing materials Trampoline Design was to produce – they don’t seem to get the point that we don’t want a flash presentations, etc., but do need some other things. He asked them to shift some of those funds over to the production end for a brochure. Unfortunately, he just got a quote from them and it still includes has all the design stuff he told them we don’t need. He’s not sure how to proceed. He’s going to try to get them to focus on what we need. He then outlined marketing options for the property.


NEW BUSINESS Mr. Feigenbaum stated that Glens Falls National Bank has additional office space for him, next to Doug Kenyon’s that he can avail himself of. With the Public Authorities Accountability Act and everything else going on and so he doesn’t go raving mad, it may pay to find a little assistant to work for him. He’s interviewing for an Assistant, who he could also train to do a lot of the technical stuff that sometimes we don’t have anyone to do – like keep track of dates, especially under the law, for training, etc. As activity is starting to ramp up on loans and things, which will affect Jackie, it’s time to find another pair of hands. He may need assistance with funding for the position, from the LDC at around $20,000 plus benefits. Commissioner McPhillips asked how the Bi-County IDA is handling the PAA requirements, like this? Attorney Noordsy replied they’re all going through the same process. Chairman Regan stated that Jim Martin long argued for an assistant when he was here. Mr. Feigenbaum stated the Mayor is going to have to wrestle with that as he works on next year’s budget and getting the City Council to support economic development financially. He suggested it may pay for the LDC/IDA to meet with the sub-committee of the Common Council that deals with economic development to talk about who is going to pay for what. He stated at the IDA meeting they’re going to be looking at a resolution that funds his contract for the City this year also. He stated he would like his assistant to start in September.

Pg. 5 L.D.C. 08/10/06

Commissioner Hazewski stated they need to iron out the relationship between the IDA, LDC and Common Council. He read the current LDC by-laws and Lois is not eligible to be on this Board as she is not an elector of the City. So we have to amend the by-laws or not. Mr. Feigenbaum stated the relationship between the Common Council and the LDC was never formalized – it was a handshake agreement. The LDC is an independent corporation and as of January of this year it has to be an independent entity. We need to sever that relationship with the Common Council. The Council may take issue with that but he doesn’t think they should, because the LDC has done a lot of good things and under the current by-laws the Mayor has the ability to appoint new members. Mayor Akins stated he would like to keep Lois on – they are called the “Greater Glens Falls Development Corporation” and need to expand outside the 4 mile of the City. Attorney Noordsy stated they should set a date for the annual meeting of the members for next month – they’ll be able to make changes to the by-laws at that time. After further discussion, the following resolution was passed.
   RESOLUTION NO. 65

On the motion of Commissioner Hazewski, seconded by Commissioner Robinson, all voting affirmatively, it was RESOLVED THAT, the Greater Glens Falls Development Corporation hereby sets September 13, 2006 at 7:30 AM as the date for the Annual Meeting of the members and directors of the Corporation.


RESOLUTION NO. 66 On the motion of Mayor Akins, seconded by Commissioner McPhillips, all voting affirmatively, it was RESOLVED THAT, the Greater Glens Falls Development Corporation hereby adjourns the August 10, 2006 meeting.



				
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