Special Meeting Minutes – December 14, 2015

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

SPECIAL MEETING MINUTES
Monday, December 14, 2015

I.   CALL TO ORDER

Chairman Steingart called to order the special meeting of the Sullivan County Funding Corporation at approximately 12:02 p.m., held in the Legislative Committee Room at the Sullivan County Government Center, Monticello, New York.

II.   ROLL CALL

Members Present-                              Members Absent-

Ira Steingart                                         Suzanne Loughlin

Sean Rieber

Carol Roig

Howard Siegel

Charles Barbuti

Edward Sykes

Paul Guenther

Staff Present-                                             Staff Absent-

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

Julio Garaicoechea, Project Manager

Others Present-

Steve White, Agency CEO

Walter Garigliano, Garigliano Law Offices

Tara Lewis, Garigliano Law Offices

Scott Smith

Ken Walter

Scott Samuelson

III.      APPROVAL OF MEETING MINUTES

On a motion made by Mr. Sykes and seconded by Mr. Guenther, the Board voted and unanimously approved the minutes of the October 19, 2015 meeting.

IV.      BILLS AND COMMUNICATIONS
            No bills or communications.

V.       NEW BUSINESS

            Mr. Garigliano handed out a resolution that would approve the execution and delivery of an amended intercreditor agreement between named creditors and The Center for Discovery.  He then explained the history of the relationship between the IDA, the Funding Corporation, and the Center for Discovery, and the process of extending the ability to get credit and bridge loans.  Mr. Sykes disclosed that he had a minimal business interest in the Center for Discovery, but not to the level of recusal.  Mr. Siegel recused himself because of a business relationship with the Center for Discovery.  On a motion made by Mr. Rieber and seconded by Mr. Guenther, the Board voted and the resolution was unanimously approved.

VI.   PUBLIC COMMENT AND ADJOURNMENT

Chairman Steingart asked the Board and those present if there were any questions or comments.  There being none, on a motion by Mr. Barbuti, seconded by Mr. Sykes, the Board voted and the meeting was adjourned at approximately 12:15 p.m.

Respectfully submitted:

Jennifer CS Brylinski

Executive Director

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