1. NYCIDA Board of Directors Meeting February 14, 2012

2. Minutes of the January 10, 2012 Meeting Seth Pinsky

3. Interim Financial Statements (December 2011) Bulent Celik

4. Approval of Selected Trustees Approval of Trustee Fees Joseph Gill

5. 5 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Actions Requested To approve two Bond Trustees, proposed by staff, to perform Bond Trustee services for the Agency’s Bond Financings and PILOT Trustee services for the applicable Bond Financings and Straight Lease Transactions. To approve Bond Trustee fees that the approved firms will be permitted to charge for the services in connection therewith.

6. 6 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Summary  Proposed Trustees –BNY Mellon Trust Company, N.A. –U.S. Bank National Association  Proposed Fees Initial Acceptance Fee per Series For New Issues $500 Annual Administration Fee Per Series $500 Counsel Fees Not to exceed $3,000 Out-of-Pocket Expenses At cost Fees for PILOT Trustee Services (Only applicable to BNY Mellon) $10 per wire/check received

7. Officer Appointment Seth Pinsky

8. Appointments of Committee Members Heidi Springer

9. 9 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Appointments of Committee Members  Audit Committee – Eugene Lee  Finance Committee – Marya Cotten  Governance Committee – Matthew Mirones

10. Accurate Specialty Metal Fabricators, Inc. Tabby Gillim

11. 11 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 64-20 Admiral Avenue, Queens, NY Block 3608, Lot 61

12. 12 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Project Summary  Accurate is seeking to acquire, renovate and equip a 29,000 SF facility in Queens  Currently leasing a 28,000 SF facility in Brooklyn  Project will be entirely funded by the company and its affiliates  All 44 current employees to be relocated

13. 13 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Current Location: 1333 Flushing Ave, Brooklyn 28,000 SF Inefficient layout, odd configuration of buildings Foreman cannot oversee all employees at once Narrow doorways make moving materials and products difficult

14. 14 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Proposed Location: 64-20 Admiral Ave, Queens Advantages: 29,000 SF One large, open space Will allow Accurate to set up assembly line style production All employees visible to foreman Wide doorways to easily move materials and products

15. 15 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Employment Summary  Employment (on-site) To be re-located from 1330 Flushing: 44 jobs New Jobs within Three Years: 1 job Total45 jobs  Estimated Average Hourly Wages: $26.37  Employee Benefits: –All field mechanics at ASMF belong to Local Union 28 of the Sheet Metal Worker’s International Association. –Time and a half for overtime –11 paid holidays –One annual sick day and one annual personal day –Vacation benefits –Employer contributions to the Workers' Welfare Fund (New York)

16. 16 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Actions Requested  Approval of and Inducement and Authorizing Resolution for an IIP transaction for Accurate Specialty Metal Fabricators

17. Fresh Direct, LLC and U.T.F. Trucking, Inc. Michael Toth

18. 18 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Fresh Direct, LLC  Fresh Direct plans to build a new $112.6 million state-of- the-art 500,000 square foot facility in the Bronx o Will retain nearly 2,000 existing jobs o Create almost 1,000 new jobs o Create approximately 684 construction jobs o A significant investment by a growing industrial business in a community in need of jobs $16,235

19. 19 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Fresh Direct: Proposed Bronx Location

20. 20 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Fresh Direct: Proximity to South Bronx Greenway Fresh Direct Site

21. 21 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Summary of Assistance IDA: o $74.0 million Industrial Incentive Program o Up to $10.5 million asset acquisition EDC: o $1.0 million Industrial Development Loan Program o $4.9 million Business Incentive Rate (“BIR”) energy discounts The Project is estimated to generate $255 million in City tax revenues.

22. 22 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY New Facility Rendering

23. Manhattan Beer Distributors, LLC Heidi Springer

24. 24 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Site Map: Proposed Assemblage at East 149 th St., Bronx

25. 25 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Project Background  Currently leasing a 225,000 SF facility at 400 Walnut Ave., Bronx  2009 Agreement to purchase and renovate 1080 Leggett Ave., Bronx will be terminated –Total amount of sales tax and property tax benefits received will be subject to future recapture in agreement for proposed new project –Escrow account to be established to hold potential recapture funds between termination and closing of the proposed new project

26. 26 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Project Summary  Assemblage of four parcels located at E. 149 th St. in the Bronx to create an approximately 19.3 acre distribution facility with rail access –Parcels have 4 buildings containing, 292,500 SF of space  Total project costs are estimated to be: $60,407,000  Project will be funded through commercial loans and company equity

27. 27 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Project Summary (con’t.)  Employment (on-site) To be re-located from 400 Walnut: 528 jobs To be re-located from Brooklyn: 67 jobs To be grown 25 jobs Total620 jobs  Estimated Average Hourly Wages: $17.97  Employee Benefits –Paid sick time up to 6 days/year –Paid vacation time of 5 days after 1 year of service increasing to 25 days after 15 years –Medical and dental plans –All non-union supervisory employees are provided group life insurance –401K for non-union employees and Company-funded pension for union employees

28. 28 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Actions Requested  Approval of and Inducement and Authorizing Resolution for an IIP transaction for Manhattan Beer Distributors LLC  Approval to enter into an Escrow Agreement related to the potential recapture liability related to the to-be-terminated 1080 Leggett Ave. Agreement.

29. Proposal for Purchase Contract for Accounting Policies and Procedures Manual Spencer Hobson Bulent Celik

30. Proposal for Purchase Contract for Harlem Incubator Alejandro Baquero

31. 31 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Project Background  Nine incubators established to date in different NYC neighborhoods  More than 100,000 sf affordable real estate created for start-up companies, freelancers, entrepreneurs, and small businesses  Incubators support approx. 550 businesses, over 800 jobs, and have attracted over $78 million in VC funding

32. 32 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Project Summary  Incubator to be located along 125th Street or its immediate vicinity  Key consultant responsibilities –Develop the incubator –Launch and lease the incubator –Manage the incubator –Report on incubator operations and collaborate on publicity  Competitive, publicly-advertised RFP released 11/11  Consultant team to be selected in the coming weeks

33. 33 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Actions Requested  Authorization to purchase consultant services to develop and launch incubator space in Harlem, preferably along or within the immediate vicinity of 125 th Street

34. Proposal for Purchase Contract for Industrial Business Support Services Miquela Craytor

35. 35 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Employment in the industrial sector continues to makes up 16.4% of private sector employment in NYC  Industrial represents 16.4% of NYC private sector employment  Increasing share of smaller industrial businesses  Stable Subsectors: −Construction, warehousing, transportation −Food manufacturing, short-run fashion production −Custom fabrication Source: 1990-2009, NYS Dept. of Labor, QCEW Source: NYS Dept. of Labor, QCEW, 2009 TOTAL 495,444 However, industrial remains a significant part of NYC’s economy NYC Industrial employment (jobs) The size of industrial businesses also decreased Average # of employees Industrial Employment in US and NYC has been on a decline Historical industrial employment Source: 1990-2009, NYS Dept. of Labor, QCEW, 1990 = 100 Note: Industrial sector is primarily comprised of the subsectors of Manufacturing, Transportation and Warehousing, Construction and Wholesale Manufacturing Transportation & Warehousing Wholesale Trade Construction (16%) (24%) (35%) -22.8% 10.6 13.7 66 86 (25%) -34% -14%

36. 36 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY The City looks to build upon its ongoing investment and support of industrial businesses  The Bloomberg Administration proposed a suite of 22 initiatives to address the following challenges facing the overall sector:  Scarcity of industrial space in appropriate size, condition and configuration  Limited financing resources for smaller industrial businesses across business cycles  Lack of entrepreneurial support Sources: NYC Small Business Services/NYCEDC PLUTO, May 2009 (09v1), NYC DCP, NYC DDC, NYC DOT  The City established 16 Industrial Business Zones in 2006  Committed not to rezone IBZs to allow residential uses  Tax credits are offered to encourage industrial relocation into IBZs  Four IBZs experienced industrial job growth between 2000 and 2008 – North Brooklyn, Hunts Point, East New York and Brooklyn Navy Yard Brooklyn Army Terminal

37. 37 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY Industrial Business Support Services The Program will help small industrial businesses through the support services provided by local economic development corporations (the “LDCs”) Program description and objective Assistance provided New York City Business Assistance Corporation (“NYBAC”) Subcontractor Budget Provide a range of support, education and technical services to New York City industrial businesses, including but not limited to customers in the following subsectors: Manufacturing, Construction, Wholesale Trade, Repair and Maintenance, Transportation and Warehousing, Motion Picture and Sound Recording, and Waste Management and Remediation Services. Conduct an assessment of all clients using standard intake procedures, and provide services appropriate to each customer’s unique needs. Enable Industrial Business Zone enterprises to take advantage of small-business services and assistance offered by the City and to track such assistance- relationships. The Agency’s purchase through EDC would subdivide as follows: Approximately $35,800 in service-purchases from each of Brooklyn East, Manhattan, and Staten Island Approximately $62,500 in service-purchases from each of Bronx, Queens East, Queens West, Brooklyn North, and Brooklyn South