SCFC BOND AND LOAN ACTIVITY REPORT
BONDS
1.THE CENTER FOR DISCOVERY, INC. – application received September 26, 2019. Various locations. Project is a tax-exempt not-for-profit organization. Bonds in an amount not to exceed $70,000,000. Note this transaction has not yet closed.
Application
Inducement Resolution
Notice of Public Hearing
Public Hearing Comments
2. THE CENTER FOR DISCOVERY, INC.– June 20, 2017. Various locations. Project is a tax-exempt not-for-profit organization. Bonds in an amount not to exceed $28,500,000.
Application.
Notice of Public Hearing.
Indenture of Trust
3. SULLIVAN COUNTY COMMUNITY COLLEGE DORMITORY CORPORATION – June 24, 2014. Town of Fallsburg. Refinance of Civil Facility Bonds originally issued by the County of Sullivan Industrial Development Agency in 2002. Bonds in an amount not to exceed $9,500,000. Application.
4. SULLIVAN DIAGONSTIC TREATMENT CENTER — CENTER FOR DISCOVERY – December 13, 2011, Town of Thompson and Town of Fallsburg. Project is a tax-exempt not-for-profit organization. Bonds in an amount not to exceed $75,000,000.
MILLENNIUM LOANS
Van Smokey Holding, LLC, $75,000, to purchase equipment for a new smokehouse in Livingston Manor. Approved September 26, 2019.
Fat Lady LLC, $36,420, for exterior improvements to an existing restaurant business in Kauneonga Lake. Approved May 8, 2019. Satisfied January 31, 2022.
BWW Brewers, Inc., $75,000, to purchase equipment for a new brewery in Livingston Manor. Approved March 25, 2019.
Western Catskills Truck Co. LLC., $62,350, to purchase equipment for a new food truck business in Livingston Manor. Approved March 25, 2019.
The Janice Center, $75,000, for expansion of an existing music and arts center in the Town of Delaware. Approved August 12, 2016.
Sticky Fingers Ice Cream, LLC — Leah Maidenbaum, in the amount of $22,500, for the equipment to start a business in Kauneonga Lake to make and serve healthy homemade food. Approved June 10, 2014. Satisfied August 2, 2019.
Fat Lady LLC – Judith Maidenbaum, in the amount of $75,000, for restaurant equipment and deck renovations at an existing cafe in Kauneonga Lake. Approved April 26, 2013. Satisfied June 8, 2018.
RH Campus LLC – Daniel Resnick, in the amount of $75,000, for equipment for physical improvements and renovations at an existing building to house a specialty gourmet retail coffee outlet along with a health food store in Rock Hill. Approved August 28, 2012. Satisfied April 28, 2022.
49 Main Street LLC – Jon Westergreen, in the amount of $21,000, for a specialty retail business featuring locally grown food in Livingston Manor. Approved June 26, 2012. Satisfied August 17, 2017. On May 26, 2015, the Board approved an additional $50,000 loan for furniture, fixtures, and equipment for a project expansion.
233 Hurd Parks Road LLC – Colleen Cunningham, in the amount of $50,000, for the expansion of agri-business destination in Swan Lake. Approved June 26, 2012. Satisfied January 26, 2018.
Eureka Market & Caf̩, September 14, 2011 Р$75,000. Moved from the IDA Revolving Loan Fund to the SCFC Millennium Loan Fund on June 10, 2013. Satisfied February 22, 2022.
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