IDA Roll Call
00:10Approval of Minutes
02:40a. Regular meeting April 16, 2025 b. Public Hearing for 80 Main Street Members, LLC, May 12, 2025
Presentation - Small Lots, Big Impact
03:20a. Dan Bsharat of Hudson Hill Partners on refurbishing select downtown properties and the investment rationale
Old Business a.
26:25229 Willett Avenue (80 Main Street Members, LLC - Stagg Group) due diligence conclusion Cost Benefit Analysis and increased UTEP Appendix B Scoring Table (AD Report) Project Authorizing Resolution
Old Business b.
37:4530 Broad Report update report on the second inspection from Loweke Brill (AD Report) Chairman's memo on the status of the project
New Business a.
51:50Assignment request from G&S Port Chester Unit 2B, LLC (Port and Main) to Port Chester Acquisition, LLC (KABR Group) TOR Assessor 2024 final Tax roll extract G&S Assignment request to KABR G&S to KABR IDA Submission Letter G&S Agreement of Sale for Port & Main to KABR Assignment Authorizing Resolution
Old Business d.
01:28:402SM Development, LLC (Hyperion Development) reanalysis of approved project Agency letter of support Updated application Initial Project Resolution
Old Business e.
01:43:50Abendroth Green (27-45 North Main Street - Hudson, Inc) due diligence conclusion Update on additional benefit possibilities Further Deviation Analysis - Victoria Storrs of Storrs Associates
Benchmarking Study update and discussion
02:15:25a. Progress Update b. Board members to return Study questionnaire
LDC services and fee sharing agreement discussion
02:52:20a. Jim Taylor, Chairman PC Local Development Corporation
Chairman's Remarks
02:55:55a. The Class A Office market has fully recovered from the pandemic
AD Report
02:56:50a. AD Report
Planning Director Report
02:59:40a. Planning Director Report b. Village DIG Branding and Marketing RFP award c. Pending Village Waterfront Activation RFP d. Trends in apartment sizes
IT Director Report
03:06:55a. IT Director Report
Treasurer's Report
03:12:15a. Approval of Invoices b. Agency Financial Snapshot c. Budget Transfers/Amendments
Adjournment
03:17:50a. Next regularly scheduled Board meeting - June 11, 2025