Troy Local Development Corporation

Troy Local Development Corporation Board of Directors Meeting November 29, 2007 10:00 a.m. Minutes Present: Daniel Crawley, Sondra Little, James Walsh, Carolin Collier-Skriptshak, Deborah Witkowski, Donna Ned, Colleen Bessette New Business I. Review of Applications for Funding Assistance 1. Leo’s Overhead Doors and Carol’s Place for Pizza and Subs Requested: $10,000 50-50 Matching Grant Anita DeCelle from Carol’s Place spoke about the proposed expansion of the business into catering and the need for additional parking and sidewalk improvements. Motion made by: Dan Crawley Seconded by: Carolyn Collier-Skriptshak Approved: vote 4-0 2. 1 Fourth Street – Franklin Inn & Suites Requested: $50,000 EDAP Grant Michael Fusco spoke about the restoration and upgrades needed to fulfill the franchise agreement with Choice Hotels for a Clarion brand. Motion made by: Dan Crawley Seconded by: Carolyn Collier-Skriptshak Approved: vote 4-0 3. 691 River Street – Walter Snyder Printer Requested: $42,500 EDAP Loan $20,000 Matching Grant Eileen Warzek spoke about the need to purchase a new printing press (made by the German manufacturer Heidelberg), and the need the  company had to make some building renovations for the installation and upgrade of the electrical service system. Motion made by: Dan Crawley Seconded by: Jim Walsh Approved: vote 4-0 4. 44 Fourth Street – Twilight Vintage Clothing Requested: $2,100 Matching Grant Denial Letter was issued to Christine Ryan of Twilight Vintage Clothing. Motion made by: Dan Crawley Seconded by: Sondra Little Denied: vote 4-0 II. NY Main Street Grant Application Request 1. 2008 New York Main Street NOFA Little Italy proposal was given by Marion Fields for funding for the revitalization of concentrated areas and to initiate business development in the Little Italy area. III. Administrative Issues 1. Recapture “Clawback” provisions 2. Rating Scale 3. DHCR Reimbursement 4. Web site 5. Marketing Materials 6. LER Invoice Tabled until next regularly scheduled meeting. IV. Meeting was adjourned Motion made by Jim Walsh Motion seconded by Carolin Collier-Skriptshak