Local Development Corporation

Minutes of the Sleepy Hollow Local Development Corporation Monday, July 25, 2022 A meeting of the Sleepy Hollow Local Development Corporation (“Corporation”) was held on Monday, July 25, 2022, at 7:00 p.m. Present: Michael Dawley, Chair Ken Wray, Director Anthony Scarpati, Director Excused: Teresa Oeste-Villavieja, Director Staff/Consultants: Dan Briar, Paragon on Hudson, LLC Joan Bucci, FOIL Officer/Bookkeeper Michael Curti, Esq., Harris Beach PLLC The meeting was called to order by Chair Dawley at approximately 7:03 p.m. Chair Dawley then proceeded to call the roll. All Directors, except Director Oeste-Villavieja, of the Corporation were present. APPROVAL OF MINUTES Chair Dawley asked for approval of the meeting minutes of July 11, 2022. A motion was made by Director Wray and seconded by Director Scarpati. The minutes were adopted, with one amendment, by a vote of 3-0. APPROVAL OF EXPENDITURES After a review and discussion of expenses, a motion was made by Director Scarpati, and seconded by Director Wray, to approve expenses in the total amount of $28,359.58 as detailed in the Corporation Expenditure Report. The motion was adopted by a vote of 3-0. CONSULTANT REPORT Mr. Briar discussed the following matters during his report: Phase 1-B: A final settlement report prepared by Wang Technologies was delivered to the Board. A memorandum to be prepared by WSP will follow. Mr. Briar answered questions from the Board related to settlement and reported that Phase 1-B is now effectively closed out. Phase 2: WSP will finalize their design plan by August 19th with construction documents completed by the end of August. Phase 3: Mr. Briar delivered an update regarding the preliminary soil investigation work performed by Hartland Engineering. The last borings will be made on July 27, 2022. Mr. Briar 1 also reported that Sage and Coombe has delivered the following schedule related to completion of the detailed design: 50% drawings by early-August, 100% drawings by late-September with construction documents issued in October. Phase 4: A draft air rights proposal has been submitted to Metro North for review and comment. Viaduct Demolition: Sessler will begin demolition work on August 22, a slight change from the previous start date of August 1. Property Takings: Draft appraisals have been prepared for review and comment. Grants: Mr. Briar delivered an update regarding potential grants available for future Project phases and advised that a coordination meeting will occur later this week to discuss the same. Project Expenditures: Mr. Briar briefed the Board on the projected debt service schedules and cost estimates for Phase 2, 3, 4 and 5. At approximately 7:55 p.m., Director Wray offered a motion, which was seconded by Director Scarpati, to enter into executive session to discuss the sale of 193 Beekman. The motion was adopted 3-0. At approximately 8:21 p.m., Director Wray offered a motion, which was seconded by Director Scarpati, to exit executive session. The motion was adopted 3-0. No action was taken during the executive session. At approximately 8:22 p.m., Director Wray offered a motion, which was seconded by Director Scarpati, to adjourn the meeting. The motion was adopted 3-0. The next meeting will be on August 22, 2022 at 7:00 p.m. Respectfully submitted, Michael Curti Michael Curti Assistant Secretary 2