CONSTRUCTION WAGE POLICY
TOWN OF HEMPSTEAD
LOCAL DEVELOPMENT CORPORATION
EFFECTIVE January 26, 2017

	The purpose of the Hempstead LDC is to provide benefits that reduce costs and financial barriers to the creation and to the expansion of business and enhance the number of jobs in the Town.

	The Corporation has consistently sought to ensure that skilled labor construction jobs in compliance with the state prevailing wage be encouraged in projects funded by the issuance of LDC tax exempt bonds in large projects.

	The policy of the Town of Hempstead LDC with respect to prevailing wage shall apply to any project for which financial assistance is sought from the LDC with anticipated hard construction costs in excess of $5,000,000.00 per site received after January 1, 2017 & prior to December 31, 2017.

	Any applicant to the Corporation for tax-exempt bonds to finance all or a portion of the construction costs of a project shall agree to:

a (i)	Employ 90% of the workers for the project from within Nassau or Suffolk
Counties; and purchase 90% of the building materials from within the bi-
County region; and
             
	a (ii)	Be governed by the prevailing wage requirements of Section 220 of 
                        Article 8 of the Labor Law of the State of New York; and when requested
by the Corporation, implement an apprenticeship program that considers the intent of Town of Hempstead.

OR

b (i)	Provide to the Corporation a fully executed project labor agreement with the Building & Construction Trades Council of Nassau & Suffolk Counties which shall cover all construction trade employees anticipated to work on the project; and

	b (ii)	Such project labor agreement shall be binding upon all parties and
		applicable to all construction costs attendant to the project for which 
		benefits have been provided.

	Furthermore, this policy may be waived, at the sole and final discretion of the Corporation, in the event that the applicant demonstrates to the Corporation special circumstances or economic hardship to justify a waiver to be in the best interests of the Town of Hempstead.  This policy shall expire at the close of business (5:00 p.m. EST) on December 31, 2017.

Adopted:  January 26, 2017
Resolution Number: 005-2017 LDC 
    
 (ayes)   
   	 (nays)   

_________________________________________
Arthur J. Nastre
Chairman