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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