MEMORANDUM TO: Members of the Authority FROM: Melissa Orsen Chief Executive Officer DATE: April 14, 2015 SUBJECT: Agenda for Board Meeting of the Authority April 14, 2015 Notice of Public Meeting Roll Call Approval of Previous Month’s Minutes Chief Executive Officer’s Monthly Report to the Board Authority Matters Incentive Programs Bond Projects Loans/Grants/Guarantees Office of Recovery Board Memorandums Real Estate Executive Session Public Comment Adjournment BOND PROJECTS Combination Preliminary and Bond Resolutions ITEM: Ben Porat Yosef, Inc. APPL.#40565 LOCATION: Paramus/Bergen PROCEEDS FOR: Acquisition of existing building/Refinancing FINANCING: $7,875,000 Tax-exempt Bond / $135,000 Taxable Bond MOTION TO APPROVE: Mr. Stoller SECOND: Mr. Alagia AYES: 12 RESOLUTION ATTACHED AND MARKED EXHIBIT: 13 PUBLIC HEARING: Yes PUBLIC COMMENT: None Mr. Imperatore left the call at this time. ITEM: Provident Group – Rowan Properties LLC APPL.#40570 LOCATION: Glassboro/Gloucester PROCEEDS FOR: Construction of new building or addition/Purchase of equipment & machinery FINANCING: $144,000,000 Tax-exempt Bond / $1,000,000 Taxable Bond MOTION TO APPROVE: Mr. Dumont SECOND: Ms. Kokas AYES: 11 RESOLUTION ATTACHED AND MARKED EXHIBIT: 14 PUBLIC HEARING: Yes PUBLIC COMMENT: None REAL ESTATE ITEM: Higher Education Public Private Partnership Program Rowan University – Student Dormitory and Dining Facility REQUEST: To approve Rowan’s University’s application to develop a 742 unit freshman dormitory on 8.38 acres on the applicant’s campus under the Higher Education Private Public Partnership Program. MOTION TO APPROVE: Mr. Alagia SECOND: Mr. Stoller AYES: 11 RESOLUTION ATTACHED AND MARKED EXHIBIT: 15 Combination Preliminary and Bond Resolutions ITEM: Puerto Rican Organization for Community Education and Economic Development APPL.#40507 LOCATION: Elizabeth/Union PROCEEDS FOR: Refinancing FINANCING: $2,500,000 Tax-exempt Bond MOTION TO APPROVE: Mr. Stoller SECOND: Ms. Kokas AYES: 11 RESOLUTION ATTACHED AND MARKED EXHIBIT: 16 PUBLIC HEARING: Yes PUBLIC COMMENT: None MEMORANDUM TO: Members of the Authority FROM: Melissa J. Orsen Chief Executive Officer DATE: April 14, 2015 RE: Monthly Report to the Board THIRD FOUNDERS & FUNDERS EVENT CONNECTS ENTREPRENEURS AND INVESTORS The EDA hosted its third Founders and Funders event on March 10, providing 30 entrepreneurs and emerging companies with access to angel and venture capital investors. Held at the Commercialization Center for Innovative Technologies (CCIT) in North Brunswick, the event introduced the startup companies to more than 20 prospective investors, including Edison Partners, the NJIT Highlanders Angel Network, and Rostra Capital. At the event, a diverse range of technology and biotechnology companies met with investors in 10- minute, one-on-one sessions to discuss strategy, business models and funding opportunities. Attendees included Gold Mobile, a Clark-based company that provides a cloud-based platform to enhance a business’s mobile ordering, payment, and loyalty programs; NeedMe of Red Bank, which is developing a website where people can meet others with similar medical diagnosis, medications and procedures; Arkay Therapeutics, a life sciences company located in East Windsor focused on developing drugs to treat diabetes; and CCIT tenant BioAegis Therapeutics, which creates products that restore depleted levels of plasma gelsolin. The EDA plans to host Founders & Funders semi-annually, and the next event is scheduled for September. HOTEL INDIGO CELEBRATES OPENING IN NEWARK InterContinental Hotel Group unveiled its Hotel Indigo Downtown Newark during an official ribbon cutting ceremony last month. The 108-room boutique hotel represents the re-creation and re- purposing of the historic National State Bank building located at 810 Broad Street. The hotel is a joint venture with local developers Samer and Thafer Hanini of the Hanini Group and Islam Zughayer. The property is managed by Crestline Hotels & Resorts and is franchised by an affiliate of InterContinental Hotel Group.