MINUTES

DEVELOPMENT AUTHORITY                              LOWER ALLEN TOWNSHIP

 REGULAR MEETING                                              NOVEMBER 21, 2022

The following were in ATTENDANCE:

AUTHORITY MEMBERS	TOWNSHIP PERSONNEL
H. Edward Black, Vice Chairman	Erin Trone, Township Assistant Manager
John Eby, Secretary	Steven Miner, Solicitor
Salvatore Marone, Treasurer	Mary Ellen Banks, Recording Secretary
Mark O’Shea

Edward Black, Vice Chairman called the meeting of the Lower Allen Township Development Authority to order at 6:04pm and announced Proof of Publication was available for review.

Max Stoner was absent with excuse.

APPROVAL OF MINUTES OF OCTOBER 17, 2022
Mr. EBY made a motion to approve the minutes of the October 17, 2022. Mr. MARONE seconded the motion. Motion carried, 4-0.

PUBLIC COMMENT – THERE WAS NONE.

ACTION: APPROVE PAYMENTS FROM OCTOBER 17, 2022 TO NOVEMBER 21, 2022 IN THE AMOUNT OF $33,787.93.
Mrs. Trone stated there was a check cut today also in the amount of $32,015.79 representing the rent which was received for Trader Joe’s for December since the new owner wanted us to deposit it and then issue them a check; this is basically transferring the rent from one landlord to another. Mr. Eby and Mr. Marone also stated they signed this check. This will be on the December payment list; however, she did want the Board to know. Solicitor Miner explained this could have been handled in closing and Mrs. Trone explained further that the check was issued to us before the notice went to Trader Joe’s to send their rent check to new landlord. Mr. EBY made a motion to approve payments from October 17, 2022 to November 21, 2022 in the amount of $33,787.93. Mr. MARONE seconded the motion. Motion carried, 4-0.

DISCUSSION: SALE OF UNIT 3

• Lighting
• Landscaping
• Striping
• Doors

Mrs. Trone stated these are some of the items that came up. Trader Joe’s had listed the lighting and landscaping. You will see a letter from Eastern PCM as to how each of these items were addressed and we had several tenants also list they had issues with their doors and they would like to have their parking lots re-striped prior to new owner taking ownership. This letter states that the lighting has been taken care of by adding the two lights that were not previously connected to the system, connected. On the striping issue, we have issued them a credit since the striping adheres much better in warmer temperatures. This credit is being provided by York Excavating in the amount of $3,200. She explained we had Wagman Construction repair the doors since this would have been under warranty.

DISCUSSION: UNIT 2

• Water Line Separation-complete
• Gas sleeve specifications provided
• Fence removal

Mrs. Trone explained this has been on-going for a while. 1) The water line needed to be separated and is now completed. 2) They also had asked us to make sure that there was a way for the gas to be connected to Unit 1; The gas was located in the back along Route 15 and Unit 2 did not want when Unit 1 came in to be developed, their parking lot tore up. We had agreed that we would complete a sleeve for them and originally have our contractor do the work; however, it was too cumbersome to have two contractors on the same lot. So instead we are going to do a credit to their contractor which is York Excavating. And, 3) The fences have been removed and Unit 2 owes us for the fence removal.

DISCUSSION: BON-TON PROJECT FINANCIALS
Mrs. Trone explained to the Board the financials for the Bon-Ton project; this is about where we are going to end up with this project. She explained this is only estimated; there are also some other expenditures that have not come in; as you can see, we will end up with $1.5 Million in profit. She stated she wanted to talk to the Board about the loan and have them decide when to pay off the Township and F & M which is at 3% interest. The choices are, to pay off the whole thing or to only pay off a portion to have monies to invest in another project at some point. She inquired of Solicitor Miner as how to handle the payoff to Lower Allen Township. He explained the Board of Commissioners even though it was very informal when the loan was done, should receive something in writing for an audit trail such as something stating they are receiving final payment of this loan. Solicitor Miner did state, a letter would be fine; a resolution is not necessary. Mrs. Trone stated the Board of Commissioners do meet next Monday, November 28^th and the packets have not gone out as of now; therefore, a letter could be drafted, write a check to the Township repaying the balance as of that day. It would then be included in the packets for that meeting to be discussed and voted on so it goes into the record. Discussion ensued as to timing of both loans payments, etc.

Mr. MARONE made a motion to pay the loan down to F & M Trust leaving a balance of $50,000. Mr. EBY seconded the motion. Motion carried, 4-0.

NEXT MEETING OF THE DEVELOPMENT AUTHORITY
The next meeting of the Development Authority is scheduled for Monday, December 19, 2022 at 6:00pm.

Before adjourning Vice Chairman Black (as Vice Chairman of the Commissioners on the Township Board and speaking for the entire board) thanked this Board for their work on this project.

ADJOURNMENT
Mr. EBY made a motion to adjourn. Mr. MARONE seconded the motion. Motion carried, 5-0. Meeting adjourned at 6:29pm.