December 9, 2014 Special Meeting Minutes

Sullivan County Funding Corporation
One Cablevision Center
Ferndale, New York 12734
(845) 295-2603 – telephone
(845) 295-2604 – fax

SPECIAL MEETING MINUTES
Tuesday, December 9, 2014

I.   CALL TO ORDER

Chairman Steingart called to order the special meeting of the Sullivan County Funding Corporation at approximately 3:00 pm., held in the Legislative Committee Room at the Sullivan County Government Center, Monticello, New York.

II.  ROLL CALL

            Members Present-                              Members Absent-

Ira Steingart                                         Sandy Shaddock

Edward Sykes                                       Suzanne Loughlin

Sean Rieber                                          Carol Roig

Charles Barbuti

Steve White

Howard Siegel

            Staff Present-                                             Staff Absent-

            Jennifer C.S. Brylinski, Exec. Dir.               Jen Flad, VP            

Others Present-

Walter F. Garigliano, Esq., Agency Legal Counsel

Tara Lewis, Garigliano Law Offices

Scott Samuelson, Chairman, SC Legislature

Dan Hust, SC Democrat

III.      APPROVAL OF MEETING MINUTES

On a motion made by Mr. White and seconded by Mr. Siegel, the Board voted and unanimously approved the minutes of the October 14, 2014 special meeting.

IV.     BILLS AND COMMUNICATIONS

On a motion by Mr. Sykes, seconded by Mr. Barbuti, the Board voted and unanimously approved the Payment Schedule of Bills.

V.       NEW BUSINESS

            Mr. Garigliano passed out a Official Intent Resolution regarding the EPR Concord II, LP, and EPT Concord II, LLC Project.  The resolution approves the official intent of the Sullivan County Funding Corporation to be a conduit issuer to provide bonds for the project’s infrastructure improvements.  Mr. Garigliano explained the reason for this request, and that the Bonds would be in an amount not to exceed the lesser of the Project Costs or $75,000,000.  On a motion by Mr. Rieber, seconded by Mr. Siegel, the Board voted and unanimously approved the resolution.

The Board officially accepted the letter of resignation from CEO Allan Scott effective at the end of the business day December 9, 2014.  The Board then accepted the resignation of Mr. Steve White as a Board member and then appointed Mr. White as its new CEO to commence on December 10, 2014.  Members of the Board expressed their best wishes to Mr. Scott for all his hard work, with Mr. Sykes specifically complimenting Mr. Scott for his years of service.

Ms. Brylinski reminded the Board that at the end of the month it will have three vacant board member positions.  Both Mr. Barbuti and Ms. Roig have terms that expire on December 31, 2014, in addition to the vacant position left by Mr. White.  Sole appointing member Joshua Potosek, Sullivan County Manager, will be notified of these vacancies.

VI.   ADJOURNMENT

Chairman Steingart asked the Board and those present if there were any questions or comments.  There being none, on a motion by Mr. Sykes, seconded by Ms. Barbuti, the Board voted and the meeting was adjourned at approximately 3:15 pm.

Respectfully submitted,

Jennifer CS Brylinski

SCFC

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