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DOYLE SAILMAKERS '�oylt S�+ImA►u,�S LA qw �O 1 � . TAX INCREMENT FINANCING AGREEMENT CITY OF SALEM, MASSACHUSETTS and DOYLE SAILMAKERS, INC. This agreement is made this 4 day of March,2007, by and between the CITY OF SALEM, a municipal corporation duly organized under the laws of the Commonwealth of Massachusetts,having a principal place of business at City Hall, 93 Washington Street, Salem, Massachusetts, 01970, acting through the Mayor,Kimberley Driscoll, (hereinafter called "the CITY"), and DOYLE SAILMAKERS, a Massachusetts corporation,with a principal place of business at 89 Front Street,Marblehead, MA 01945 (hereinafter called "the COMPANY"). This Agreement will take effect as of July 1,2007 (Fiscal Year 2008). WHEREAS,the COMPANY wishes to locate a manufacturing business at 96 Swampscott Road in Salem; and WHEREAS,the CITY is willing to grant tax concessions in return for guarantee of the renovation of this distressed property and the creation of employment opportunities for local workers; and WHEREAS,the Salem City Council resolved on March 22 ,2007,to allow the use of Tax Increment Financing as a tool to encourage economic development within the Salem Economic Opportunity Area; and WHEREAS,the Salem City Council resolved on March M , 2007 to endorse the Tax Increment Financing Plan negotiated by the CITY and the COMPANY. NOW, THEREFORE,in consideration of the mutual promises contained herein,the parties do mutually agree as follows: A. THE COMPANY'S OBLIGATIONS 1. The COMPANY shall renovate Unit 8 at 96 Swampscott Road in Salem. "The FACILITY" as used herein means 96 Swampscott Road,Unit# 8 containing 31,366 square feet to be renovated;that is improvements to the unimproved unit as of the date of this agreement. 2. During the life of this agreement, if the COMPANY decides to sell the FACILITY or the business or to otherwise transfer control of the FACILITY or business and/or operations thereof,the COMPANY shall give the CITY at least three months notice of said sale or transfer. Said notice shall be given by certified mail, return receipt requested, to the Mayor, City Hall, 93 Washington Street, Salem, Massachusetts, 01970. 1Q THE CITY'S OBLIGATIONS 1. The CITY shall grant a tax increment financing exemption to the COMPANY in accordance with Massachusetts General Laws, Chapter A, Section 3E, Chapter 40, Section 59, and Chapter 59, Section 5. Said exemption shall be granted on the improvements to the FACILITY. Said exemption shall be valid for a period of five (5) years, beginning with fiscal year 2008 (duly 1,2007) and ending with fiscal year 2012. During each year of this agreement,the COMPANY will pay taxes based on the apportioned value of the current value for 96 Swampscott Road, on the unimproved unit owned by-the COMPANY, as of the date of this agreement (the base tax bill) and on that portion of the value of the FACILITY which is not exempt under the agreement. 2. The exemption schedule on the value of the FACILITY works as follows: for the first year,the COMPANY will pay only the base tax bill and will be granted an exemption of 100% of the full value of the FACILITY. The full value of improvements to the FACILITY is hereinafter called "the INCREMENT". In year two,the COMPANY will pay taxes on 20% of the full value of the INCREMENT,plus the base tax bill. In year three,the COMPANY will pay taxes on 40% of the full value of the INCREMENT, plus the base tax bill. In year four,the COMPANY will pay taxes on 60% of the INCREMENT,plus the base tax bill. In year five,the COMPANY will pay taxes on 80% of the INCREMENT,plus the base tax bill. In year six,the COMPANY will pay taxes on the full value of the FACILITY. C. OTHER CONSIDERATIONS 1. This Tax Increment Financing Agreement shall be binding on all subsequent owners of the property. The City of Salem reserves the right to review and renegotiate the Tax Increment Financing Agreement if the business activity ceases to be fully operational during the life of the Tax Increment Financing Agreement. 2. If the COMPANY decides to expand the facility at anytime during the life of the Tax Increment Financing Agreement,the CITY and the COMPANY may renegotiate the Tax Increment Financing Agreement to exempt all or part of the value of the expansion from property taxes. The exact amount of that exemption will be detern fined at the time of expansion. Executed as a sealed instrument on the day and year first above written. CITY OF SALEM DOYLE SAIL S, INC. 1 KimberleyDriscoll, a r Rk e Do e,President yo yl 1 � ® d y yam.. www.doylesalls.com March 5,2007 Ms. Tania Hartford RECEIVED Economic Development Program Director MAR 0 7 2007 Dept. of Planning&Community Deveopment 120 Washington Street DEPT.OF PLANNING& Salem, MA 01970 COMMUNITY DEVELOPMENT Dear Tania, t I am writing to ask your support for our application for assistance through a Tax Increment Financing (TIF) Agreement. After 25 years in our current location in Marblehead,Doyle Sailmakers (www.doylesailmakers.com) is moving its operations to Salem Commerce Park at 96 Swampscott Road in Salem. This move represents an expansion of our business that involves a $2.4 million investment and an anticipated job growth of 15 full-time employees over the next several years. Due to the large investment and degree of risk,we are looking for assistance from the City of Salem through a TIF Agreement. Doyle Sailmakers, Inc. is a manufacturer of sails, established in 1982 in Marblehead, where the company leased space in the same building for 25 years. As business grew, an additional space was leased in Marblehead. Doyle Sailmakers is in the business of servicing sails and producing new sails for boats from 6' to 300'. Doyle is one of the most respected names in sailmaking in the world with over fifty affiliated lofts in over twenty different countries. Currently, Doyle has sails on the two largest privately owned sailing yachts in the world, Mirabella V and the Maltese Falcon. Both of these projects bring a lot of visibility to the company. Over 60% of Doyle Sailmakers' business is for international export. We also produce most of the sails worldwide for the women's keelboat used in the Olympics. Doyle is a very healthy business that reached a crossroad. With plenty of worldwide demand for its products but without the ability to produce competitively in its physical plant,Doyle was faced with a decision. Doyle Sailmakers had to either morph into a four person sales office that would have its products manufactured offshore or modernize its manufacturing operation. The former was actually the path we were headed down until, due to our reputation for engineering excellence in sailmaking,we were approached by two airship companies asking us to construct lighter than air vessels for them. We accepted two such contracts.The first was assembled offsite. For future vessels we have incorporated into our new facility, a specialized clean room that such construction demands. We have also invested$150,000 in specialized equipment for the manufacture of these vessels. Doyle Sailmakers Inc. 96 Swampscott Road LTJ Salem, MA 01970 Tel +978 740 5950 Fax +978 740 5959 OOYLE info@doylesails.com The airship business in addition to the increased efficiency of the new manufacturing facility where all our sailmaking operations will be consolidated under one roof,combined with the current weak dollar,will hopefully allow Doyle Sailmakers to continue to manufacture its premium sail products as well as airships in Salem,MA. Doyle had 31 employees in Marblehead in two locations. With our expanded operations, rather than release employees,we plan to add 15 full-time jobs in the next three years. Moving to Salem is an excellent opportunity for us and we believe it will also offer a number of benefits to the city. One of our motivations for choosing Salem is an anticipated worker source.As there is no preparation in any school system or work experience for sailmaking or airship manufacturing,we will train entry-level employees. In addition to entry-level jobs we will need to add to our engineering staff. Our management staff is mostly made up of people who have excelled in sailmaking and taken on increased responsibility. We offer a path forward for talented individuals who may not have had an education beyond high school. It should be important to the state of Massachusetts as well as the municipality of Salem to both attract business that bring in outside revenue as well as retain manufacturing. Doyle Sailmakers has made a commitment to expand its manufacturing business and provide more jobs. We are expanding into the airship field because we believe that is one business that will not go offshore and is a source for entry-level jobs with training. As a historical note of interest to the City of Salem, the first sail loft in America was located on Derby Wharf. Doyle Sailmakers is seeking to restore a tradition of sailmaking to the city. Doyle is an internationally respected company that will bring visibility to the City of Salem. Hotels,restaurants and other retail businesses will be enhanced by Doyle being located in Salem as our high-end clientele will find the charm of Salem irresistible. The move to Salem as well as an expanded manufacturing operation when so much of the conventional wisdom says to outsource, is not without risk. I hope that you will give our application for a TIF a positive vote. This relief will help us as we settle our company in Salem and continue to grow our business. Please feel free to contact me at (978) 740-5950 should you have any questions or need more information about our application. Thank you for your consideration. Since el , Robert E. Doyle President cc: Mayor Kimberley Driscoll Cheryl LaPointe, City Clerk Tania Hartford From: Tania Hartford Sent: Wednesday, November 08, 2006 1:14 PM To: Kim Driscoll Cc: Lynn Duncan Subject: 96 Swampscott Rd. Kim, To follow-up on our meeting yesterday, I am attaching a spreadsheet with the information on Doyle Sailmakers. I used a standard chart that we've used on previous TIF Agreements and filled in the information on the base year plus the first six years (5 years under agreement, plus the sixth year at full tax). If you want me to do a few different scenarios based on percentages, let me know and I'll plug in the numbers. In looking over previous TIF Agreements, we don't normally add an inflation increase on the property value but I did add it into this spreadsheet. I put a call into Doyle Sailmakers to find out more about their financing gap. They don't anticipate having anything for me on this until next week. I also put a call and email into Groom Construction asking them to get a Letter of Intent over to your office ASAP. I gave them Doyle's letter as an example. I am tentatively scheduled to meet with Groom and Peter Milano on Tuesday, November 21. I did talk with MassDevelopment about financing the project. Ken Goode said that when I referred him to Groom in the spring, he did talk with their bank(Danvers Savings) and Tom Groom, but they were not eligible for bond financing nor any low-cost financing. Ken said that at this point the only other program they might be able to use would be a guaranty with the bank which could lower their interest rate and he felt that Danvers Savings Bank would be in touch with Ken if he thought it was a good match. Danvers Savings Bank has pretty much closed the majority of the deals with MassDevelopment in our past few projects. Let me know if you need anything else on this going forward. Thanks, Tania TIF Chart, No Agreement.xls Tania Hartford, Economic Development Planner City of Salem, Dept. of Planning and Community Development 120 Washington Street, Salem, MA 01970 Phone: 978/619-5685 - Fax: 978/740-0404 www.salem.com 1 Page 1 of 2 Tania Hartford From: Kim Driscoll Sent: Thursday, September 28, 2006 12:47 AM To: Tania Hartford; Frank Kulik Cc: Lynn Duncan; Richard Viscay Subject: FW: Thank you and going forward Tania: Please see my email below regarding Doyle's move to Salem. Can you reach out to Robbie and put him and Peter Milano (I'm assumming he's the guy) together to review the tax relief options we can offer. He is thinking he needs relief in the form of a TIF and I'd like to keep it as modest as possible. I think he would definitely qualify for the state investment tax credit and he is completely unfamiliar with this benefit. So, anything you could do to educate him and facilitate the completion of the certified project applicaiton, etc. would be helpful. Hi Frank: I need some help understanding the tax picture at 96 Swampscott Road. In order to negotiate a TIF, I need your help understanding what the baseline tax bill to Doyle's in their new condo will be. Feel free to reach out to Robbie Doyle for more info. Then let's talk about options. Thanks to you both. Kim -----Original Message----- From: Kim Driscoll Sent: Thursday, September 28, 2006 12:41 AM To: 'Robbie Doyle' Cc: Jason Silva Subject: RE: Thank you and going forward Hi Robbie: Enjoyed our discussion and I'm very impressed with your plans for growth. We would like to do as much as we can to help. Since our meeting, I have asked Tania Hartford, the City's Economic Development Planner, to reach out to the state coordinator that we work with on the Tax Increment Financing Program and to put you in touch with him regarding program benefits. I have attached a link to their state web site that includes some of the application materials and a description of economic development assistance programs. If it doesn't all read easy, don't worry we can work with you on completing application materials and moving things forward through the process. Beyond familiarizing yourself with the programs (including the state investment tax credit), we need to discuss in more detail the specific relief requested/needed. I have asked the City Assessor to give me an idea of the likely baseline tax bill so we will have a starting point and then you and I should talk further on exact relief numbers. Any relieve will require local city council approval (that body meets twice per month) and approval of the state Economic Assistance Coordinating Council (usually just a confirmation of local approval). Let's plan to connect next week either via email or phone so we can chart a timeline and discuss tax relief details. Again, we welcome Doyle to Salem and want to make your move here a win-win situation. Best, Kim Driscoll -----Original Message----- 9/28/2006 Page 2 of 2 J From: Robbie Doyle (mailto:rdoyle@doylesails.com] Sent: Tuesday, September 26, 2006 3:44 PM To: Kim Driscoll Subject: Thank you and going forward Dear Mayor, Thank you for your time today. There sounds as if there is an opportunity to make this work. Could you let me know what the next step would be, and who I should contact in regards to it. Thanks, Robbie Doyle wk. 781-639-1490 mobile. 617-510-2099 www.doylesails.com 9/28/2006 "Due Diligence Letter" Doyle Sailmakers, Inc. Doyle Sailmakers, Inc. is a manufacturer of sails, established in 1982 by Robert Doyle in Marblehead Massachusetts where the company has leased space in the same building on the third floor at 89 Front Street for 25 years. As the business grew an additional space was leased at 16 Lincoln Avenue, also in Marblehead. Doyle Sailmakers is in the business of servicing sails and producing new sails for boats from 6' to 300'. Doyle is one of the most respected names in sailmaking in the world with over fifty affiliated lofts in over twenty different countries. Currently Doyle has sails on the two largest privately owned sailing yachts in the world that brings a lot of visibility to the company. With combined loft space of approximately 19,000 square feet between the two leased buildings Doyle has been looking to expand for the past five years. Parking in down town Marblehead is limited. Having manufacturing space on a third floor is not very convenient. Having two different facilities in the same town is not cost effective. Five years ago the search began for a larger,permanent space in Marblehead with the following characteristics: Approximately 30,000+square feet of open space to allow for continued growth in the sail manufacturing and servicing business as well as entry into a new field of manufacturing, that being lighter than air ships. Had to be first floor. A site that was"for sale"as opposed to"for lease". No commercial/industrial sites that met the above requirements were found available in Marblehead during the last five years. The company began to look to neighboring cities/towns. The company became aware of the industrial property at 96 Swampscott Road in Salem in the summer of 2006. After much consideration and inspection it was deemed that the 32,000 square feet of basically open space met the company's requirements for expansion. With the help of state agencies for funding of loans for Unit 8 as well as the build out,an offer to buy was made and papers passed in September 2006. The build out began in October and will be completed by the end of February 2007 at which time Doyle Sailmakers will take occupancy of its new space. I, Robert Doyle,President and Founder of Doyle Sailmakers, Inc.,hereby certify that this statement is true and accurate. O R yle Date tx 97Z& 6 S t�L/ f �� f Jtate,9,c_i� 0artoR, ffla cf� � 02133 = >ete ren of the wealth F. ' September 6,2006 0 WHOM IT MAY CONCERN: 1f I hereby certify that a certificate of organization of a Limited Liability Company was ed in this office by R& J SWAMPSCOTT ROAD LLC accordance with the provisions of Massachusetts General Laws Chapter 156C on September X2006. I further certify that said Limited Liability Company has filed all annual reports due and 1 y d all fees with respect to such reports; that said Limited Liability Company has not filed a ,-- cate of cancellation or withdrawal; and that, said Limited Liability Company is in good / 1 ding with this office. u I also certify that-the names of all managers listed in the most recent filing are: ROBERT 1' DOYLE,JANET DOYLE I further certify, the names of all persons authorized to execute documents filed with this ce and listed in the most recent filing are: ROBERT E.DOYLE,JANET DOYLE ►i The names of all persons authorized to act with respect to real property listed in the most nMing are: ROBERT E.DOYLE,JANET DOYLE Y In testimony of which, 5 I have hereunto affixed the E Great Seal of the Commonwealth on the date first above written. Secretary of the Commonwealth F '=iia r- f W9/21/2008 12:43 FAX - ?. A� i19002/002 r ' "Massachusetts Department ®f ,Revenue PO BOX 7010 BOSTON,MA 02204 - - - ' ALAN LeBOVIDGE,COMMISSIONER :ROBERT O'NEILL,BUREAU CHIEF Notice: 80619 DOriE SAILMAKERS, INC. T/P 10: 042765012- FRONT 42765012- FRONT STREET Date: 9r21/06 MARBLEHEAD.MA.01945 Bureau: Certificate Unit ';ev i CERTIFICATE OF GOOD STANDING AND/OR TAX COMPLIANCE .. - " The Commissioner of Revenue COMIles as of the above date, that the above named individual tt or entity is in compliance with its tax obligations payable under M.G.L.c.62C,Including ,corporation excise,sales and use taxes,sales tax on meals,withholding taxes,room occupancy excise and personal income taxes,with the following exceptions. _ ^ This Certificate certifies that individual taxpayers are in compliance with income tax obligations r and any sales and use taxes,sales tax on meals,withholding taxes,and/or room occupancy taxes related to a soleproprietorship.Persons deemed responsible for the payment of these r,=taxes on behalf of a corporation,partnership or other business entity may not use our :automated process to obtain a certificate. This certificate does not certify that the entity's standing as to taxes such as unemployment ;insurance administered by agencies other than the Department of Revenue,or taxes under any *' 'other provisions of law. Taxpayers required to collect or remit the following taxes must submit a separate request to certify compliance:Alcoholic Beverage Excise, Cigarette Excise,Sales Tax :on Boats.International Fuels Tax Agreement.Smokeless Tobacco or Ferry Embarkation. IS tS NOT A WAIVER OFLIEN-ISSUED UNDER GENERAL LAWS.CHAPTER 62C, SECTION 52. .. Very truly yours, Robert O'Neill,Bureau Chief catoiowsmroa�eos+sm ..M '3 fJ P n i .vNTINUATION SHEET AIA DOCUMENT G703 PAGE OF PAGES AIA Document G702,APPLICATION AND CERTIFICATION FOR PAYMENT,containing APPLICATION NO: 2 Contractors signedcenificationisanached. - _ APPLI .ATIONDATE:'01.oi.07 In tabulations below,amounts are stated to the nearest dollar. M - ' PERIOD TO: 01-01.07 Use Column I on Contracts where variable retainaje for..n..terns may apply. ARCHITECTS PROJECT NO: A B - D E F O H 1 _ ITEM DESCRIPTION OF WO ED D WO COMPLETED MATERIALS TOTAL _ % _ BALANCE RETAMAGE .. 9999 9999_ NO. VALUE FROM PREVIOUS ISP OD PRESENTLYOOMPLETED (G+ C) REMAINING . .. ... INVOR° - _STORED AND STORED - ON BI1D0E'f „ .. . _. (D+,E) - .. .NOTIN TO DATE D ORE) �-- GENERAL.REQUIREMENTS S22'600.00 $5,406.82 $9,139.87 514,546.69 _ 64% $8,053.31 ....---"•- --- 9999 9999_ 9993_ 9999. 9999 _ . ..$3,49_9 ... _ 9999_ ... INSURANCEQ1.25°h 56,30502 $1,390.84 $2,10555 $3,496.39 55% $2,806.63 ----. . . 9999. _. _ . . . .., 9933 - _. .. ._a . 9999.. . DEMOLITION $16,700.00 88,140.00 $8,140.00 49/0 $8,560.00 --. . . 9999 . --- _._ ... SITE WORK $13,850.00 _.. - .... S 14,450.00 $13,850 00 $13 850 00 96% $600 .. .. .-- - " 3999 9999. - .. .. 9999 .. _ 00 CONCRETE . $17,400.00 $15,935.00 $2,96630 $18,901.30 109% ($150130) --_... ._ 9999 _ _..... ... .. 3333. _ ._ 9999 _ ..- .. . . _ .. CONCRETE FLOOR EPDXY $18,095.00 _ 56,240.00 $8,250.00 514,490.00- 80% $3,605.00 9939. .. .. 9993__ .. _ . .. _ _ _ MASONRY .54,15000 _ ... $160000. ._ ._ _ $1600.00 39% 52550.00 . -.. . ._ STRUCTURAL STEEEL/MISC.METALS $81300 00_ $4 859 00 $1,336 00 $6,195.00 75% $2,105.00 6-996.. ..-._. .. . ._ .. __ 9999 .._ 9999. _.. ...... 9999... .. ._ --._. 99 99. 9999 .. ....,.. 4150. 0 . CARPENTRY MATERIALS 515,450.00 50.00 515,450.00 . . 9999 9999.. _ 9999 �._ _ 9399 ........ ,. . . .. 9999. CARPENTRY.LABOR $16400.00 $4.3..5.00 927500 28% $11,780.00 . ._ 4 . . 9993.-. ._. 54,620.00 . . 9999 .9999_._o 9999 ._ ROOFING 55,000.00 $1,449.00 $1,449.00 29/0 $3,551.00 9999.. 3339. 9993"- . .......�_.__.. .. H' OHr$ 56 070.00 .$3 520:00 $3,520.00 58% $2,550.00 9999.. _ 9999... _. 9999. .. .. 9999 . 9999 ' _ �- _ HARDWARE $5,830.00 57,794.99 $7,794.99 134/° (51,964.99 ... .. . . . . ... _ ° 9999 .__._..___ _ ST ....... 9999.., 9999 __ .. .._ . 9999_._ 9999._. ° OVERHEAD DOORS - „ $1,715.00 5171500 $1,715.00 100% 50.00 --._.. 9999 9999 _.__ .. .._._ .. .. __ .. 9999.. 9999 9939 9999_.9993__..._..__ - ... _ METAL STUD/DRYWALL $26,)95.00 521,030.00 $21,030.00 80% $5,165.00 9999. 9999 -- -- -.._._.. _ .. _. 9999., 9999 -.- CEILING _- 56,890.00 - $0.00 _ __ _ _ _ _ $6,890.00 3333 9999 .. •--- ..__ .. .. 9999. ._ _ PRODUCTION FLOOR/INSTALL $15,125.00 !_,_S0.00 515,125.00' . _.. .. 9999 . ..-"-'. . _. - -PAINB, IiH NG $6,250.00 9993_ $0.00 56,250.00 TING'"- . . 9999 9999 _. .. 9999 9999_. . .9999 __..._.._ 9999----- BATH A CESSORIES $500.00 - � 50.00 5500.00 9999_. 9999 _ PLUMBING 523,050.00 52386.20 $16,400.00 _ S18,786.20 82% $4,263.80 9999.. _. . 9999. 9999 ___. .. .. FIRE PROTECTION _ $19,80000 $1,710.00 516110.00 $17,820.00 90% 81,960.00 .. . 9999. .. _ 9999 -3399.- . ._ 9999-. " ....._.--- - HVAC $45,00000 518,000.00 $2700000 545,000.00 100% 50:00 9999. ., . . ._...._ . .__.r 9999_ ... _.. _ 9999... 9999_ -- _ ELECTRIC 5110__000 00 836,666 66 $36,666.66 _- 33% ...+-$.-73,333.345e _ 39 .. . . . .. --" _9999 _ _ I IREETION � _ ..,__59,50000 _ _ 50.00 _ _ ___ S9,500.00 ._....-. 9339 . 9999_. . ., _ LIGHTING $18,500.00 57 (0200 - - _ $7,102.00. _ _38% SI1,398.00 EA ._. -'- -......... _. GC OVERHEAD&PROFIT(o) I S% 565 791 50 514 513'I O $21 970 92 $36,484.02 55% $29,307.48 9999. 9999 9999_ . .__7. 9999 . . ._..... -9999:_ 9999. _-,_ GRAND TOTALS $510,706.52 511$657.96 5170,549.29 50.00 $283,207.25 55/0 $227,499.27 $0.00 Users may obtain validation of this document by requesting of the license a completed AlA Document D401•Certification of Documents Authenticity Mimi Michaud From: Kelly Hurley Sent: Monday, February 05, 2007 11:35 AM To: Mimi Michaud Subject: code of conduct CODE OF CONDUCT >!. CODE In any organization such as ours,it is necessary to set down rules governing conduct and procedures to ensure smooth running of the Company. Any conduct which threatens personal health,well-being or security of employees,or which endangers plant,property or product is outside our accepted behavior. 2. GENERAL CONDUCT All employees are expected to maintain a high standard of conduct and performance relating to the operational requirements and reputation of the Company. This standard is to be maintained at all times while engaged on Company business so as to avoid bringing the Company into disrepute. The following indicates the Company position on a number of such standards: 2.1 PUBLIC RELATIONS Your future with the Company,your security and your promotion depends on the continuing prosperity of the Company.Success however,is not achieved automatically,it must be worked for. All employees are expected therefore to act in such a way as to maintain the reputation of the Company. 2.2 EQUAL EMPLOYMENT OPPORTUNITIES Doyle Sailmakers,Inc.is an Equal Opportunity Employer. This means that the company will extend equal opportunity to all individuals without regard for race,religion,color, sex,national, origin, age, disability,handicaps or veteran status. This policy affirms Doyle Sailmakers' commitment to the principles of fair employment and the elimination of all vestiges of discriminatory practices that might exist. The company encourages all employees to take advantage of opportunities for promotion as they occur. 2.3 SEXUAL HARASSMENT Doyle Sailmakers will not,under any circumstances,condone or tolerate conduct that may constitute sexual harassment on the part of its management,supervisors or non-management personnel.It is our policy that all employees have the right to work in an environment free from any type of illegal discrimination,including sexual harassment.Any employee found to have engaged in such conduct will be subject to immediate discipline up to and including discharge. Any employee found to be engaged in the conduct of sexual harassment will be subject to immediate discipline up to and including discharge. I Sexual harassment is defined as: i. Making submission to unwelcome sexual advances or requests for sexual favors a term or condition of employment; 2. Basing an employment decision on submission or rejection by an employee of unwelcome sexual advances,requests for sexual favors or verbal or physical contact of a sexual nature; 3. Creating an intimidating,hostile or offensive working environment or atmosphere either by a)verbal actions,including calling employees by terms of endearment; using vulgar or demeaning language; or b) physical conduct that interferes with an employee's work performance. Doyle Sailmakers encourages healthy fraternization among its employees; however,employees, especially management and supervisory employees,must be sensitive to acts of conduct that may be considered offensive by fellow employees and must refrain from engaging in such conduct. It is also expressly prohibited for an employee to retaliate against employees who bring sexual harassment charges or assist in investigating charges.Retaliation is a violation of this policy and may result in discipline,up to and including termination. No employee will be discriminated against or discharged because of bringing or assisting in the investigation of a complaint of sexual harassment 2.4 SAFETY&SECURITY Safety is a joint venture at Doyle Sailmakers. Doyle Sailmakers provides a clean,hazard free, healthy,safe environment in which to work in accordance with the Occupational Safety and Health Act of 1970.As an employee,you are expected to take an active part in maintaining this environment.You should observe all posted safety rules,adhere to all safety instructions provided by your supervisor and use safety equipment where required.Your work place should be kept neat, clean and orderly. All safety equipment will be provided by Doyle Sailmakers,and employees will be responsible for the reasonable upkeep of this equipment.Any problems with or defects in equipment should be reported immediately to management. As an employee,you have a duty to comply with the safety rules of Doyle Sailmakers,assist in maintaining the hazard free environment,to report any accidents or injuries -including any breaches of safety-and to report any unsafe equipment,working condition,process or procedure,at once to a supervisor. Employees may report safety violations or injuries anonymously to the Safety Officer,if they are not the injured or violating party.NO EMPLOYEE WILL BE PUNISHED OR REPRIMANDED FOR REPORTING SAFETY VIOLATIONS OR HAZARDS. However,any deliberate or ongoing safety violation,or creation of hazard,by an employee will be dealt with through disciplinary action by Doyle Sailmakers,up to and including termination. Employees who are injured on the job at Doyle Sailmakers are covered by Worker s Compensation Insurance. It is your responsibility to immediately notify your immediate supervisor- or in the absence of your supervisor,the next available supervisor-of any injuries you sustain while on the job at Doyle Sailmakers. 2 JNT(N'UATION SHEET AIA DOCUMENT c7o3 PAGE 2orzPAGES A1.4 Document G702,APPLICATION AND CERTIFICATION FOR PAYMENT,containing APPLICATION NO: 2 . - ._. 1111-. ___ ` Contractors signed certification is attached.- APPLICATION DATE: 01.01.07 .._ .. _. :. .. .. In tabulations below,amounts are stated to the nearest dollar. PERIOD TO: 01.O1.07 - .. . 110110D - Use Column I on Contracts where variable retainage for line items may.apply. - ARCHITECTS PROJECT NO: .4 - B D E F G H ITEM _ D_E_SCRIPTION OF WORK SCHEDULED WORK COMPLETED - MATERIALS _ TOTAL __ % _ BALANCE RETAMAGE NO. - VALUE FROM PREVIOUS THIS PERIOD PRESENTLY COMPLETEb- - (G t C) REMAIMNG -__ INVOICES STORED AND STORED _ ON BUDGET (NOT - 1N _- TO DATE -- DOR Ej 1001. �E+F) GENERAL REQUIREMENTS _ $22,600.00 $5,406.82 $9,139.87_ $14,_546.69 _ 64% $8,053.31 _ 1111. _. _ _ - INSCIRANCE@ 1.25% $6305.02 $1,390.84 $2,105.55 - - - $3,496.39 55% $2,808.63 _ 0001 _ 1000 0000 140_0_. 0 9% 0000_. _. - DEMOLITION $16,700.00 $8,140.00 11,01- $8,140.00_ _-_ _ 49% $8,560.00 __- . . SITE WORK - _ _ _- $14450.00 _ 813,850.00 513,850.00 _ 96% 5600.00 _ ._.__ -0010 . ..- _ _ _ CONCRETE - $17400.00 $15,935.00 52966.30 $18901.30 109%_ ($1,501.30) -__ .._- CONCRETE FLOOR EPDXY $18,095.00 $6,240.00 58,250.00 __$14,490.00 80% 53,605.00 - _.- - - 0100.-.._ ._ _ - _.5_ MASONRY 54,150.00 $1,600 00 _ 51 600 00 39% $2 550.00 1000 ..._- . . -1111_ STRUCTURAL STEEEL/MISC.METALS $B 300.00 $4,859.00 51,336.00 _ $6 195.00 75% $2 105.00 1000 0001_ 0000 0000 -._ 1011_ _.- _ _- . . 0011.. _ _. 0100 . CARPENTRY MATERIALS 815 450.00 $0.00 $15,450.00 .._ _ ._ _-1000- 0100_ 1111. 1100. . . .. CARPENTRY _...._._._...... LABOR - - $16,400.00 $4,345.00 5275-00 $4,620.00 28% $11,780.00 1001_ .....-_.._ ROOFING 55000.00 ..-0000 $1449_00. ... 51=449449.00 29% _ - - - $3,551.00 _..____.. . . WINDOWS - $6,070.00 53,520.00 $3,520.00 58% _ $2,550.00 __ ...___ DOORS&HARDWARE $5,830.00 S7 794 1 _. .99 $7,794.99 134% ($1,964.99) STOREFRONT ONT DOORS 55,640.00 SO.00 $5,640.00 .- .._._ _-0000. - __.____._.--_ 1110 0000_- ..... ..... OVERHEADDOORS51,715.00 41,7!5.00 $1,715.00 . 100%_ _ _ 50.00 _ . . - 1011. - 1111__ 1011_ _ _. METAL STUD/DRYWALL $26195.00 521,03000 _ $21,030.00 80% $5,165.00 --- 0000_ -. . .. CEILING $6,890.00 _ 50.00 $6,890.00 _.. _. -_.__......_ PRODUCTION FLOOR INSTALL $15,125.00 _ 50.00 S15,I25.00 .....__ __.PAINTING _- $6,250.00 _ _ -___ $0.00 86,250.00 _.. - 0011 _.- _ 0101_ _. _. BATH ACCESSORIES $500.00 $O.00 _ SSW 00 1110_ 0011 _. 0010 __ 0001 ... ._ _ PLUMBING _ .-_ $23,050.00 S-2,386.20 $16400.00 � - _ _ $18,786.20 82% $4,263.80 - FIRE PROTECTION 519 800.00 S1,710.00 $16,110.00 517,820.00 _ 90% __ _ S1,980.00 _.._._ _ - . . VA $45,000.00 518,00000 $2700000 _ _ _-545,000.00 !00% _ 50.00 __. _ - 0011 - -.-. ELECTRIC _ 5110=000.00 S36,666.66 536,666.66 33% $73,333.34 FIRE DETECTION -. . ._ _. 1000. 1000 1111 1010 59,500.00 _ $0.00 - __ $9,500.00 _... _ LIGHTING - ------ - - - -. . $18,500.00 57102.00 57,102.00 ----- 38% $11,398.00 1100_ .._--- ---- ---- --- --- ___ GC OVERHEAD&PROFIT @]5% - 865 $2 791 50 414,513.10 $21,970.92 $36,484.02 55% $29,307.48 GRAND TOTALS _I10,706.52 $112,657.96 5170,549.29 $0.00 5283,207.25 55% $227,499.27 50.00 Users may obtain validation of this document by requesting of the license a completed"AIA Document D401 -Certification of Documents Authenticity - - WTF-General Program -Application Summary Page 1 of 8 Massachusetts Department of g f Workforce Massachusetts Department of Workforce Development Devetopmert Application Name: DOYLE SAILMAKERS INC Application I 31909 Application General Background Your proposal Training Training Project Expelled Progress I Information I Information I VJTF I Summary I Plan I Details Budget I Results I Authorization I Activity a'+Prima-I' endlyversisn The information below was gathered from the information entered into the online application. If you wish to modify the data, please go to the Application Progress. General Information Federal Employer ID 04-2765012 Division of Unemployment 79-48499-0 Number: Assistance ID: MA Vendor Code: 04-2765012- Applicant Legal Name:* DOYLE SAILMAKERS INC Doing Business As: Industry Type:* Manufacturing-Food, Beverage&Tobacco,Textiles,Textile Products,Apparel, Lea Street Address 1:*189 FRONT ST Street Address 2: City* MARBLEHEAD State:*Massachusetts Zip Code:*01945 Contact Information Contact Person: Mr. Robert E Doyle CEO Phone:' (781)639-1490 Fax: (781)639-1497 Email Address:*I rdoyle@doylesails.com Fill Contact Address information only ff different from Company Address Street Address 1: 89 FRONT ST Street Address 2: City MARBLEHEAD state:Massachusetts I Zip Code:01945 Background Information Employer-Profit-Privately Applicant Type:* Held Briefly describe the nature Doyle Sailmakers produces sails for sailboats of all sizes and types. Doyle Sailmakers of the company's business, repairs, reshapes and deans sails.The company will expand into the production of airships including the type of (blimps)as soon as possible at our new facility in Salem MA products and services 11 characters remining provided :* Number of Current Employees Full-time Part-time(Please enter 0 if no part time employees) http://web.detma.orgldcs/wtf/gp/Employer/WTGP E15 ApplicationSummary.aspx?aid=3... 10/2/2006 WTF-General Program -Application Summary Page 2 of 8 Parent Company:* 32 11 Massachusetts:' 29 6 Local Site:* 24 5 Additional Background Information: 1 How many years has FY 2003:Over$2 Million the company been in 24 What was the Annual business? Revenue in: FY 2004:Over$2 Million 2 Has your company No If yes, please had layoffs during describe the nature Son c amcers remaining the past yeerr= of the layoff, include number layed off: 3 Have the employees Yes it yes,describe how: We are still in the process of outlining of how we to be trained been will adapt the bar bonding method to the airships involved in the we will build and how it will fit into our facility. training program Additionally we are looking into how we can apply design?' current sailmaking technology to making airships. 246 characters remaining 4 If you are a labor If yes, has the organization-as employing firm(s) d the employing firm(s)has been involved, please indicated in applicant been involved in the describe how. type in Background training program 500 chamcem remaining Information section design above-Is the proposed training program for a group of specific employees? 5 Is your company No unionized?* If yes, has the union If a union has been been involved in this involved,describe 500 characters remaining training program how and click the design? Add/Remove Documents link on the Application Progress page to attach a letter of support from the union. 6 Has your No If yes, please indicate organization received Amount: or benefited from Source: public funding,either 100 characters remaining state or federal,for training within the Grant Period: To last three years?" What were the results of that training? 500 characters remaining WTF Activity 1 Is this application a resubmission of a previously-submitted No application?* 2 Are you also applying in this round to the If yes, please indicate, r Training Funds r Technical Workforce Training Fund No Grant Type: Assistance Funds General Program under another application,either as lead applicant or as http://web.detma.org/dcs/Wtf/gp/Employer/WTGP_El5_ApplicationSi nmtary.aspx?aid=3... 10/2/2006 WTF-General Program -Application Summary Page 3 of 8 partner organization?' Lead Applicant: 3 Did the company receive any funding under a Workforce Training Fund grant in a previous round No either as an applicant, partner or a training provider?' If yes, please answer the following questions: Who was the lead applicant? Briefly describe the training. What were the results of the training? How was the training sustained after the grant expired? How is your proposed training plan different from the previous plan? Proposal Summary Duration of training 1 Proposed start date.* 12/04/2006 (months):" Primary MA City of Salem Trainees:* Occupations/trades of 6 Employees are currently sailmaking production workers, doing primarily stitching and employees to be trained, glueing. 1 employee is a sail and airship designer, 1 is CEO.They will be trained in the i.e.engineers, heavy science and methodology of bar bonding. equipment Operators,etc.` 34 characters remaining Number of Employees to be Trained Total Number of Employees 6 to be Trained:" Please indicate the Number of Employees by Job Competency: The sum of all the employees below must match the number you entered into Total Number of Employees to be Trained. Please include supervisors in the same group as the workers they supervise.For example,include production supervisors with production workers. Managerial& 1 Sales&Marketing: 0 Service: 0 Administration: Clerical& Professional&Technical: 1 Administrative 0 Production/Construction: 6 Support External Training Providers Please indicate which consultant organizations and/or training providers you will be using in your training plan. You must click Search/Add a Provider in order to identify the provider. External Do you have an Training How did you choose the provider for this course?' existing agreement Action Provider Name with the provider?R r History/Reputation in the Field r Recommendations from Warwick Mills, Colleagues Yes Inc. 1d-:Interviews with a Variety of F—' Prior Use of the Vendors Vendor(Trainer http://web.detma.org/des/wtf/gp/Employer/WTGP E15_ApplicationSummary.aspx?aid=3... 10/2/2006 WTF-General Program -Application Summary Page 4 of 8 F Certification/License to Offer Other: �SearchfAdd a Provider Overall Training Plan 1 Please provide a brief description of the training plan: Doyle Sailmakers is entering a completely new business,the construction of airships.To build an airship cloth panels must be bonded precisely. Employees will be trained in the operation of a bar bonder.Operators need to determine three things for each type of fabric being bonded: 1)the exact temperature for the heads 2)the exact pressure 3)the exact length of time the bonder must remain in place.The consultant will only sell us the equipment if they train and certify our employees. 2 Describe your organization's current training activities and explain how the proposed training is different from and will enhance those activities Doyle Sailmakers currently uses trained employees to teach new ones in the skills necessary to build sails. The training is done on the job.Our annual investment in training varies depending on the number of new employees but generally we budget$20,000 to cover this expense.The new training covers entirely new skills that are highly technical and essential for our business expansion plans.This training can only be done by the consultant Warwick Mills, Inc. How much money have you invested?-$0.00 3 Why is this training needed?What is the problem to be addressed and how will this training program help solve It?" The proposed training is needed to allow Doyle Sailmakers to enter into a completely new line of business,the production of airships.We do not have the expertise or the equipment to enter this market.We can not purchase the equipment without being trained and certified by the consultant Warwick Mills, Inc. 4 How was the training need determined? Months have been spent researching the building of airships and the development of fabrics for this purpose.We have built several small test ships and have determined that the only way to build ships that are airworthy is to use a bar bonder. 5 What is the goal(or goals)of your training plan? For example.Increase customer satisfaction and retention. We would also like to accelerate the growth of our product line.* The goal of the training program is to train us to produce airships. By expanding into the airship production business we will double the size of our company and expand into new markets which are growing rapidly. In order to compete in this business we will need to have 3 people proficient in bar bonding on hand at all times. For this reason we need to train 6 production workers in addition to the company president and the chief designer. 6 How has senior management, including the owner or CEO of the company whose employees are to be trained, been involved in the training program design?,' The CEO of Doyle Sailmakers and the production manager have been involved in discussions with Warwick Mills, Inc and will attend most of the training sessions along with the production workers.The CEO has done extensive research into the process of airship construction and determined that bar bonding is the only effective method. 7 Will the proposed training be sustained after the grant has expired?How?" Yes the training program will be sustained after the grant has expired. Employees trained in this initial training course will train new employees as they are hired.We will be creating detailed training manuals and reports so we can pass this expertise on as we grow the business.We expect to hire more workers for this new division of Doyle Sailmakers within the first year. 8 Please provide information on training logistics." Status: Complete Your Answers: Who will coordinate grant activities?-Robert E. Doyle Will all employees be paid wages while in training?-Yes When will the training be conducted?-During Work Hours Where will the training take place?-Other:Training will take place at Warwick Mills, Inc. 301 Turnpike Road, New Ipswich NH 03071 The bar bonding equipment is located there. Training Detail Summary What training is included in your training plan?(At least one training is required) http://web.detma.org/dcs/Wtf/gp/Employer/WTGP_E15 ApplicationSummary.aspx?aid=3... 10/2/2006 WTF-General Program -Application Summary Page 5 of 8 Training#1 - Assembling 1.What are the Objectives for Assembling?What do you hope to accomplish? Objective Description" How will you measure the success of this objective?a (Example:To train employees in building and retaining a (Example:Increase the percentage of repeat customers from 30% profitable customer base.) to 60%) Individuals need to be trained as to how the bar bonding We will be doing extensive testing to assure that the trained process works and how to utilize the bar bonder itself.They individuals properly learn the techniques so that their also need to be trained in how to maintain a perfectly dean assembly is up to specified strengths and has helium type work area so no contaminates get into the process. integrity. 2 What are the Training Activities and the amount of time spent per activity for Assembling? Training Activity Description- #of Weeks/Hours per Week" (Example:Effective communication Skills for Service Excellence (Example:4 sessions @ 8 hours each.Total:32 hours) external training.) They will be attending sessions at Warwick Mills where they will be introduced to the science of bar bonding and the importance of a dean workspace via lecture and will be shown how to use bar bonding equipment with hands on classes.They will be shown how to visually inspect as well as test resultant bondings. 4 sessions @ 8 hours each x 4 weeks for 8 employees 3.How many Employees will participate in the Assembling Training? Managerial&Admin: 1 Sales&Marketing: Service: Professional&Technical: 1 Clerical&Admin Support: Prod/Construction: 6 Budget Narrative for:Assembling Explanation of Funds Training Expense Funds (Indicate how funds were derived and whether it is Per Attendee, Per Hour Per Day, Flat Rate etc Salaries: Funds Requested : Explanation of Funds Requested Explanation of Matching Funds : Matching Funds, 32 his. per week 4 weeks-Laurie Fontaine @$18$2304 Keely Match $ting F 00 Webster @ 20 per hour-$2560 Dave Hopkins @$19.40$2483 Will Pingree @$22$2816 Todd Basch @$19.40$2483 Tyler Doyle @ $45$4670 Robert Doyle @$60$7680 Materials:• Funds Requested : If material costs are bein Explanation of Funds Requested paid directly to trainin provider,please include th cost of materials and a explanation of how costs Matching Funds. were derived in th Explanation of Matching Funds corresponding Extema Training Provider sectio below. Supplies: Funds Requested : If supply costs are being Explanation of Funds Requested paid directly to training provider,please include the cost of supplies and a explanation of how costs Matching Funds were derived in the Explanation of Matching Funds corresponding Externa Training Provider sectio below. Equipment: Funds Requested : Explanation of Funds Requested Matching Funds : Explanation of Matching Funds: Other: Funds Requested $1,984.00 Explanation of Funds Requested . Assuming people will trave in pairs to the training site, round trip is http://web.detma.org/des/wtf/gp/Employer/WTGP E15_ApplicarionSummary.aspx?aid=3... 10/2/2006 1, WTF-General Program -Application Summary Page 6 of S Matching Funds: 1140 miles per day for 16 days. Paid at rate of.445 per mile. $1,984.00 Explanation of Matching Funds same as above External Training Provider Services-Use this section to enter the expenses for using external training providers to train the em to ees.The trainino Provider drop-down contains the names of the Providers you emerned on the Proposal Summary. Explanation of Funds Training Provider Funds (Indicate how funds were derived.Separate the cost of materialstsupplies from the cost of the training provider services. Warwick Mills, Inc. Funds Requested : Explanation of Funds Requested : $25,000.00 Warwick Mills, Inc, has quoted us$31,000 for their instruction at their facility for 16 days. Matching Funds : Explanation of Matching Funds : $6,000.00 to make up difference on the above charge. Budget Narrative Totals Total Funds Requested: $26,984.00 (Salaries+Materials+Supplies+Equipment+Other+External Training Providers) Total Matching Funds: $32,980.00 (Salaries+Materials+Supplies+Equipment+Other+External Training Providers) Total Funds Requested+Total Matching Funds: $59,964.00 Project Budget Grant Funds Requested$ Matching Funds$ Total Cost$ Salaries: $0.00 $24,996.00 $24,996.00 Materials: $0.00 $0.00 $0.00 Supplies: $0.00 $0.00 $0.00 Equipment: $0.00 $0.00 $0.00 Other: $1,984.00 $1,984.00 $3,968.00 External Training Provider 5,000.00 $6,000.00 $31,000.00 Expense: Total: $26,984.00 $32,980.00 $59,964.00 Budget by External Training Provider External Training Provider Grant Funds Requested Warwick Mills, Inc. $25,000.00 Expected Results of the Training 1 Will any of the employees to be trained be promoted as a result of Yes training?" If yes, how many? 2 Please Explain: 2 of the employees will be promoted to crew foreman.We will need to have 2 complete teams capable of bar bonding so that we can continue to produce airships at all times. 2 Will you be able to retain more employees as the result of this Yes training?" If yes, how many? 4 Please Explain: We will be rehiring a former employee for the purpose of taking this training. In addition by expanding into the airship business it will avoid any layoffs that might result from a decline in sailmaking. 3 Will the wages of any of the employees to be trained Yes http://web.detma.org/dcs/Wtf/gp/Employer/WTGP E15 ApplicationSummary.aspx?aid=3... 10/2/2006 WTF-General Program-Application Summary Page 7 of 8 increase?* If yes, how much percentage? 15 Please describe which job titles The two employees who are promoted to crew foremen will receive raises of and other details: approximately 15%as soon as we begin production. 4 Will this training make your Yes company more competitive?* Please Explain: Yes.The training will make the company more competitive.The sailmaking business is faring serious competition from foreign producers. Sails can not be produced in the United States at a cost that completes with China,the Philippines or the Caribbean nations.We need to expand into a product line that requires expertise that only a sailmaker has but can not be easily duplicated by offshore manufacturers.Airships are urgently needed for homeland security and by private security firms. 5 Will this training make your Yes company more productive?* Please Explain: We expect to double the size of Doyle Sailmakers by going into the airship business.We will develops an entire new product line by going into this business. We have been approached to build airships so we know there is a demand for them and a shortage of companies capable of producing them. 6 How long after the training The impact of the training will be immediate.We will begin producing airships as expect to know the impact?* program is completed do you soon as our employees have been trained and certfied. 7 If you expect other impacts,such By expanding into a new busines we will hire more production workers as the as the creation of new jobs, need arises.We expect to hire 4 within the first year. In addition we will need to please explain. add sales and administrative staff as the business grows. Applicant Feedback 1 Did you find this application to be user-friendly?* Yes If not, please provide us with recommendations on how to improve the application. 2 Did you receive assistance from any of the following in developing this application? 17 Division of Career Services-Workforce Training Fund r Division of Career Services-One-Stop Career Center r=Commonwealth Corporation r Workforce Investment Board r MA Office of Business Development F Other(please specify): Authorization Statement I agree to meet the requirements,if selected, of the Massachusetts Workforce Training Fund for a grant award. I certify that all information contained in this application, including all documents pertaining to the applicant's financial position, is true and accurate and understand that falsification of information may be cause for application non-review or award revocation. I certify that all contributions, payments in lieu of contributions, interest or penalty charges due under the Massachusetts unemployment law(G.L.c 151A)have been paid. I understand that I have acquired no property or other right by virtue of filing this application. If selected, I agree to meet the matching obligations outlined in this application. In addition, I certify the following: lv* 1) 1 understand that my application will not be considered until the company financial statements have been received by WfF. Financial statements include balance and income statements for the two most recent fiscal years. Audited statements are preferred. Please mail two copies of your financial statements to the address below. manaafs musf 6e�eoeived within 3 business days of online submission of your application. Cleariy label the statements with the application number. Massachusetts Workforce Training Fund Division of Career Services,2nd Floor 19 Staniford Street Boston, MA 02114 2) understand that no p na mey is will-be made until all requirements are met. Requirements include, but are not http://web.detma.orgldcs/wtf/gp/Employer/WTGP E15 ApplicationSummary.aspx?aid=3... 10/2/2006 WTF-.General Program-Application Summary Page 8 of 8 limited to: —The application has been approved and a contract has been executed.Contract execution requires,but is not limited to the following forms which are provided at this time for viewing only. Prepopulated forms will be sent when your application is approved;Commonwealth Terms&Conditions,Standard Contract Form,W-9 Form,Contractor Authorized Signatory Listing —All Unemployment Insurance contributions are current —A valid Massachusetts Department of Revenue Certificate of Good Standing has been provided. Update:As of March 1, 2008 all applications to the General Program must be accompanied by a Certificate in Good Standing.Applications will not be accepted without a Certificate. Up until that time, in the eventthat your company is approved for funding,no grant agreement(contract)will be sent to you until a copy of a Certificate in Good Standing is provided by your company. r (Optional)In addition to the company financial statements, I have mailed additional information. Authorizing Official Full Robert E. Doyle Authorizing Official Title:' President, CEO Name: Application Preparation Was this application prepared by a professional grant No writer or training provider?' If yes, please provide the following: Name: Organization: Telephone: Did the grant writer charge a fee? For assistance,you may contact the Workforce Training Fund Info. Line at 1-800-252-1591. Privacy Policy I Home I Mass.gov http://web.detma.org/dcs/Wtf/gp/Employer/WTGP—El 5_ApplicationSummary.aspx?aid=3... 10/2/2006 o Business TAX INCREMENT FINANCING ZONE Residential �t ZONING MAP one Famuy �w c g y DOYLE SAILMAKERS �tw Lid 96 SWAMPSCOTT ROAD UNIT #8 Business # O SALEM MA Highway � ,� "SUE An Oki e, Business Residential Park ' Multi Development . " Faintlyt 3� 7 HiiRes dential , OneFamily �Lt sL CITY OF SALEMoki '" '' C�'Wrvxw' P i Kimberley Driscoll ,•�' � .C'eSS' a gs red aed "t n kR Map created by SalemGIS and �'� ,plied Geographies,February 2007 i FOR PLANNING PURPOSES ONLY v{' DATFSOURCES: Roatla M1om C lyot Salem a sown Boundaries;and Wa,er(mm MasaGIS Zoning Designation •4� ■ ReeNenlal One Family 4' n 'F so-!-..nine .Saparn,mtt Fin FartN O Q Residential MNLLFamty (� Buitlirp Outi ne Business Mytlway t � Q Pacemnea ®lntlnamal Industrial Eastman linea Bus me as Park Development The Drumlin Group 600 Loring Avenue. Salem, MA 01970 September 28, 2006r Robert E.Doyle, President R&J Swampscott Road, LLC C/0 Doyle Sailmakers, Inc. 98 Front Street Marblehead, MA 01945 Dear Mr.Doyle: Please be advised that as of June 1, 2006, The Drumlin Group, Inc. (Drumlin) of 600 Loring Avenue in Salem, Massachusetts 01970 assumed respons�LiLLy �u FiopC.�y �.�a�.agem��«v�oa1Cu, Co,-Amercea.k Condo—. ;ru :m Trust. Concerns regarding the common areas of the property at 96 Swampscott Road may be addressed by calling the office of Drumlin at 978-741-3696. After hour calls may be made to David Hark at 617-633-6719,Jake Fiumara at 978-290- 1410 or Keith Hill at 617-304-9464. Please provide us with the names and phone numbers of people that you �- want notified if we need to reach you in case of emergency during business 2r> cot\ hours and after hours. _ J O CiL* \ , . Kindly mail your October condominium fee of$2 023300 and all future fees and correspondenceto Drumlin at theaddress shown on this letter. Condominum fees are due on the first of each month. The checks should be h�j A_ made out to the Salem Commerce Park Condominium Trust. There were recent phone calls put out to all of the owners regarding the new sign located on Swampscott Road. If you would like to have your business or ownership name put on a placard please contact Dave Lynch at Metro Sign and Awning at(978) 866-8035 to have this arranged. Mail has begun arriving, and the post office has requested that each_unit be labeled and that a mail slot or mail receptacle be placed installed for each unit near your doorway.:Your prompt cooperation is appreciated. Lastly,Lt. Erin Griffin from the Salem Fire Prevention office has asked, that each owner send her a letter with the following info: 1. Briefly describe your business. 2. :List of kinds of products stored on premises. 3. Contact name and number, for emergencies. 4. Alarm company name and number. Commercial Real Estate . Sales Leasing • Property Management • Consulting ,978) 741-3696 • Fax (978) 745-1223 Mso @drurnlintrroup.com 5. The average number of employees on the premises. Please mail these letters to both: Lt. Erin Griffin The Drumlin Group 29 Fort Avenue . 600 Loring Avenue Salem, MA 01970 Salem, MA 01970 We will be working with Hilary Rockettand Joe Thibert over the next few months in order to transition the management of the property in an orderly fashion. We are looking forward to a mutually satisfying relationship with allof the unit owners. Sincerely, The Drumlin Group t ELOPMENT ssDEV RECEIVED JUL 2 7 2006 Certified DEPT.OF PLANNING&Y t X60 Federal Sheet COMMUNITY DEVELOPMENT Be on,Massachusetts July 24, 2006 .,. 02110 City Council Tel 6n-330-2000 City of Salem 800 445 8030 93 Washington St. Salem, MA 01970 Fax6n-33042001 617-4si-34P Dear Members of the Council: ' ^a:ne°emP^e1'Ce^' On July 13, 2006 the Massachusetts Development Finance Agency gave preliminary approval to issue a revenue bond on behalf of Doyle Sailmakers, Inc. The proposed project would be located in Marblehead & Salem, Massachusetts at the address(es) listed on the attached summary included for your information. The bond would be issued pursuant to Chapter 23G and 40D of the General Laws. Section 12(2) of Chapter 40D requires that the MassDevelopment (successor to the MIFA) board "shall consult with the appropriate local and regional planning agencies to ascertain the relationship of a proposed project to any existing state, local or regional comprehensive plan." M" a°""' The purpose of this letter is to notify you of the project and to request that if the proposed project conflicts with an existing local or regional comprehensive plan, you so advise us. If you would like further information on the project, or if you would like the Board to Nexur HE;i�r consider any comments you may have prior to our considering Final Approval on the application, please give me a call. ch" Sincer y fioPre,,,, d(E,, / A Steven J. Chilton Senior Vice President Enclosure: Summary cc: McCann & McCann, P.C. Lynn Duncan 100 Conifer Hill Drive, Suite 313 Redevelopment Authority Danvers, MA 01923 120 Washington Street Attn: Robert McCann, Esq Salem, MA 01970 SJC/kh ff� � VnntNmC^Oec mu�ipu2�in Mnm¢M1usei6 F Meeting Date: 07/13/2006 DOYLE SAILMAKERS,INC. REQUEST: To assist the applicant in financing an industrial project, approval of the proposed project for a MassDevelopment Tax-Exempt Industrial Development Bond issue is requested. This project will need an allocation of state volume cap from the Executive Office for Administration& Finance. BORROWER: Borrower: User (s): Doyle Sailmakers, Inc. Same. 89 Front Street Marblehead, MA 01945 PROJECT 96 Swampscott Road LOCATION: Salem, MA 01970 PROJECT: Proposed is the acquisition and renovation of approx. 31,000 sq. ft. in a 170,000 sq. ft. commercial condominium building in Salem. Proceeds will also be used to purchase equipment. This move will allow the company to consolidate two existing Marblehead locations to increase efficiency, expand into a new product line (construction of airships), and increase manufacturing capacity to meet a growing market demand for its products. GUIDELINE None. ISSUES: SOURCES & USES: Sources: Total $2,311,640 Uses: Total $2,311,640 BOND AMOUNT: $2,150,000 EMPLOYMENT: New Jobs: 6 Existing Jobs: 39 Jobs to be transferred to project site: 34* * Doyle Sailmakers also has 5 employees located in S. Dartmouth and will not be moving to the new Salem facility. GAPublic Record\2006\Doyle Sailmakers(OA).doc 1 COMPANY: Founded in 1982 in Marblehead, Doyle Sailmakers is a leading manufacturer of racing and cruising sails for large,boats as well as small boats. It operates 50 Doyle lofts in 30 countries which maintain and build sails. Doyle is committed to innovation and the evolution of sensible sailmaking technology. Utilizing the hydrodynamic design advances behind the famous winged keel of America's Cup winner Australia II, Doyle Sailmakers was the first to apply the principle of Elliptical Aerodynamic Loading to sail shapes, leading to fast and efficient sails for Doyle's racing customers. Doyle's continual advances in racing sails include Code Alpha asymmetric spinnakers, the Doyle D4 fiber-membrane manufacturing process, and Stratis,the ultimate evolution of load-path, laid-fiber sails. PUBLIC As a result of this financing, 6 new jobs are anticipated to be created in PURPOSE Salem, an economic target area(ETA). BENEFIT: PRINCIPALS: Robert Doyle Gary Gregory BOARD ACTION: Make the statutory findings and approve the resolution authorizing Official Action for a MassDevelopment Tax-Exempt Industrial Development Bond. GAPublic Record\20060oyle Sailmakers(OA).doc - 2 I Certified Project Application —Page 1 The Massachusetts Economic Development Incentive Program CERTIFIED PROJECT APPLICATION APPLICANT INFORMATION 1. Name and address of businesses)submitting this application (please list fiscal year end for each business): Doyle Sailmakers, Inc. Fiscal year end is August 31" 89 Front Street Marblehead, MA 01945 R &J Swampscott Road LLC 96 Swampscott Road, Unit 8 Salem, MA 01970 2. Name and address of project(if different from above): R& J Swampscott Road LLC Fiscal year end is December 31 96 Swampscott Road, Unit 8 Salem, MA 01970 3. Location of ETA: Beverly and Salem Regional ETA 4. Location of EOA: Salem S. Authorization: IMIe, (print) of the business(es)applying for Certified Project designation, hereby certify that the information within this application is true and accurate, and reflects the projects intentions for job creation and investment. I/We understand that the information provided within this application shall be binding for the duration of the project certification, a l �0-7- (Sign ture) (Date) (Signature) (Date) (Additional Signatures, if necessary) (Date) a 4'd L6b16£91,9L siqewpeg el(00 49£90 LO 91, 98J Certified Project Application -- Page 2 6. Nature and Purpose of Project: Describe briefly the nature and history of the business as well as the specific expansion/growth/relocation plans: the level of new investment (with a breakdown of type of expense: construction, renovation, acquisition of equipment, etc.) and employment levels -- both current and projected. Provide time frames for both the projected total investment and job creation. As part of this narrative, please explain why the business is seeking Certified Project designation. Doyle Sailmakers is a well-known international sailmaking business that was started by Robert Doyle in 1982 in Marblehead. Doyle makes sails for boats 6' to 300' and currently has sails on the two most visible yachts in the world, Mirabella V and the Maltese Falcon. We also produce most of the sails worldwide for the women's keelboat used in the Olympics. Doyle is a very healthy business that needs more space to manufacture. This move will allow the company to consolidate two existing locations to increase efficiency, expand into a new product line (construction of airships), and increase manufacturing capacity to meet a growing market demand for its products. Currently Doyle has 31 employees in Marblehead in two locations. With the move to Salem, there will be an immediate and ongoing need for growth in employment that will benefit the ETA. We will train entry-level employees as there is no preparation in any school system or work experience for sailmaking. As we are all aware manufacturing in many fields is moving offshore. With it go jobs previously available to the residents of our state and region. We are seeking Certified Project designation to help Doyle Sailmakers manufacture in the City of Salem and have the ability to provide job opportunities to the ETA. The cost of the new building location at the Salem Commerce Park is $1,882.000. The projected improvements to the location are in the range of $510,000. The additional piece of equipment required for the airships cost $101 ,000. The loans Doyle has for this project in the amount of $2,276,400. are projected over 20 years. The build out of the space been in November and is scheduled to be finished for Doyle to move in February 19 . Certified Project Application -- Page 3 7. Is this business new to Massachusetts? Yes X No If no: • Where are the existing Massachusetts facilities? • 89 Front Street, Marblehead, MA 01945 • 16 Lincoln Avenue, Marblehead, MA 01945 • Will this project require/trigger the closing or consolidation of any Massachusetts facilities? If yes, please explain. • The two leased facilities above will be consolidated into the new owned facility in Salem. 8. Is this project an expansion of an existing business? X Yes No If yes, check the appropriate box: at existing location at new location in same municipality X at new location in different municipality 9. Job Creation In order to qualify for Certified Project Status, the governing statute and regulations require the creation of new, new, permanent full-time employees in Massachusetts. On the chart provided (see next page), please fill in the blanks provided. WORK FORCE ANALYSIS AND JOB CREATION PLAN New obs: CURRENT JOBS, if any to be TOTAL, New Jobs: New Jobs: New Jobs: New Jobs: New Jobs: Years 6-10 EMPLOYMENT relocated from Projected New Year One Year Two Year Three Year Four Year Five (20_) LEVEL another MA facility Permanent Jobs (2008) (2009) (2010) (2011) (2012) If Applicable Total Employees at Certified Project Facility in Mass. 0 31 12 4 2 2 2 2 Total Employees in Massachusetts at other sites. 6 # of Employees at Certified Project Location who live in the ETA of the Certified Project 3 #of Permanent Full- Time Employees 30 #of Permanent Part- Time Employees 7 # of Temporary Full- Time Employees # of Temporary Part- Time Employees JOBS BY CLASSIFICATION (List# of Jobs, and Average Wage/Salary. Please feel free to use your company's classification system) #of Management Positions 3 $100,000 # of Professional Positions 4 $56,000 #of Technical Positions 3 $57,000 #of Skilled Positions 27 $17 per hour #of Unskilled Positions Certified Project Application -- Page 5 10. Certification for Abandoned Buildings -- Does the proposed project involve the renovation and reuse of an abandoned building? Yes X No Unsure If yes or unused, please answer the following questions: (a) How long has the building been vacant? (If know, state date) (b) During this period of time, what percentage of the building was vacant and unused? If the percentage varied during this time period, provide information for each change in the percent of vacant space and the applicable time period. 11. Local Employment -- What actions will you take to recruit employees from among residents of the ETA? Provide any information, documentation, or studies which demonstrate that: (a) the business has the intention and capacity to achieve the anticipated level of new permanent full-time jobs for residents of the municipality/Economic Target Area; and Doyle Sailmakers is committed to providing jobs to the ETA. To do this we will work with local agencies, organizations and the Salem High School and Salem State College career offices. We generally advertise in the local newspapers including but not limited to the Salem News, Beverly Citizen, Danvers Herald, Peabody weekly newspaper. Due to space and labor limitations in 2006 Doyle Sailmakers had to contract out $650,000 worth of sails. This represents 6 sailmakers worth of labor. The airships that Doyle has a contract to build will require 4 full time people. Doyle is currently contracting out $75,000 service work and not pursuing more due to space and labor limitations. Plan is to increase service by $250,000 and do all the service in house. This represents an additional 2.5 people. The preceding does not reflect speculative ventures but known work that we have been unable to accept due to existing space and labor limitations. The labor that is required for all of the above is entry-level labor that is not likely to commute any distance. The economic condition of the luxury sailing industry is quite healthy at the moment. The average age of the sailor is increasing. This has the positive effect that the clientele requires and is willing to pay for more services. The economic condition of Certified Project Application -- Page 6 the airship industry is that the supply is not keeping up with the demand. Doyle Sailmakers has made the commitment of a larger manufacturing space in Salem in order to create full time jobs that we feel will benefit the people of the ETA. (b) taking into consideration existing economic conditions, the proposed project is likely to succeed in creating and retaining the anticipated level of new permanent full-time jobs for residents of the municipality/Economic Target Area. 12. Affirmative Action -- Does the business have an Affirmative Action/Equal Employment Opportunity Plan or Statement? X Yes No If yes, please attach a copy. — Doyle Sailmaker's s Code of Conduct is attached, it includes our Equal Opportunity Statement. If no, describe the business' hiring policies and practices. 13. Agreement Between the Business and Area Banks -- Describe briefly the business' local banking relationship(s), if any. Does the institution with which the business banks participate in the Massachusetts Capital Access Program, which is designed to commit a portion of the business' deposits to fund loans to local businesses? Doyle Sailmakers, Inc. and R&J Swampscott LLC bank with Danversbank who participates in the Massachusetts Capital Access Program. 14. Economic Benefits of Project Certification -- Provide a description of the economic benefits that are anticipated for the business and the project, if the project is certified. For example, describe the anticipated state and local tax benefits, municipal road or infrastructure improvements, assistance for local job training programs, the impact of local permit streamlining and other benefits anticipated if the project is certified. Also, provide any information, documentation or studies demonstrating any additional benefits (i.e., reduction of blight, reuse of abandoned buildings, clean up of contaminated property, job training, provision of day care, any contributions to the community etc.) likely to accrue to the area as a result of Certified Project designation. Doyle Sailmakers' plan for the newly acquired space on 96 Swampscott Rd. is to increase our production of sails and sail repair and to enter the production of large lighter than air ships. We will be increasing our workforce to achieve this end. Our Certified Project Application -- Page 7 current problem is that we have a very experienced work force, and thus a very expensive work force. We need to balance this work force with entry-level workers that we will train. We have already invested in two key employees being trained to train others in the very exacting and demanding airship assembly process. Doyle Sailmakers has considered space in Salem in the past but the high commercial tax rate in Salem has always been the back breaker. However, this time Ken Goode and Ben Wong were very helpful in pointing out the economic incentives available to business. With this, coupled with our partial MA Development Finance Agency Revenue bond, we made the decision to go forward with new space in Salem. We did not get the 85% financing for which we had hoped, but only 65%. This reduced amount of financing and costs of the build out is making the move much more financially challenging than originally planned. It should be important for the state of Massachusetts as well as the municipality of Salem to retain manufacturing. The cost to manufacture in Massachusetts continues to escalate and as a result companies are reducing manufacturing jobs by sending work offshore. Doyle Sailmakers has made a commitment to expand our manufacturing business and provide more jobs for the people of Massachusetts. We are expanding into the airship field because we believe that is one business that will not go offshore and is a source for entry-level jobs with training. We would appreciate any help that the Mass Economic Development Incentive Program can provide. As a historical note of interest to the City of Salem, the first sail loft in America was located on Derby Wharf. Doyle Sailmakers is seeking to restore a tradition of sailmaking to the city. Doyle is an internationally respected company that will bring visibility to the City of Salem. Hotels, restaurants and other retail businesses will be enhanced by Doyle being located in Salem as our high-end clientele will find the charm of Salem irresistible. Certified Project Application -- Page 8 SPECIAL REQUIREMENTS FOR REAL ESTATE PROJECTS 1. Will the business own or lease/rent the facility? X Own Lease/Rent If leasing/renting, please identify the developer/landlord, and state who will be the taxpayer of record for the purpose of paying local real estate taxes. If owning, will the business fully occupy the space? X Yes No If no, does the business intend to lease/rent the remaining space? 2. Describe how the various tax benefits and other economic incentives that will result from Certified Project designation will be allocated among the business(es) developing the project (i.e., a developer or landlord) and the business(es) intending to purchase, lease or rent space at the facility(i.e., tenant or tenants). The 5% Economic Opportunity Credit will be applied to the cost of qualified property as follows: R&J Swampscott Road LLC— Building & Improvements estimated @ $2,382,000 1 Doyle Sailmaker, Inc. — Cost of new equipment estimated @ $101,000 The savings generated from the tax exemption schedule on future incremental real property taxes will benefit R & J Swampscott Road LLC, the entity holding the property. SUPPLEMENTAL INFORMATION 1. Name(s) of the business(es) intending to take advantage of the state tax incentives: Business Name: Doyle Sailmakers, Inc. Federal Employer Identification #: 04-2765012 Address: 89 Front Street, Marblehead, MA 01945 Phone: 781-639-1490 Fax: 781-639-1497 Contact Person: Robbie Doyle Type of Organization (check all which applies): X Corporation For-Profit S-Corp Non-profit Business Trust Partnership General Partnership Limited Partnership Individual Level of Interest: X 5% Investment Tax Credit 10% Abandoned Building Tax Deduction (if applicable) Certified Project Application -- Page 9 Local real estate tax incentive beneficiary 2nd Business Name (if applicable): R & J Swampscott Road LLC Federal Employer Identification #: 51-0600068 Address: 96 Swampscott Road LLC, Unit 8 Salem, MA 01970 Phone: 781-639-1490 Fax: 781-639-1497 Contact Person: Robert Doyle Type of Organization (check all which applies): Corporation For-Profit S-Corp Non-profit Business Trust X Partnership General Partnership Limited Partnership Individual Level of Interest: X 5% Investment Tax Credit 10% Abandoned Building Tax Deduction (if applicable) X Local real estate tax incentive beneficiary ***If there are more than two businesses intending to take advantage of these state tax incentives associated with this project, please provide the above information for all such businesses. 2. A-- If a corporation, please list the names and addresses of the officers and directors of said corporation, and any person and/or corporation with a financial interest of five percent or greater in said corporation. B -- If a partnership, please list the names and addresses of all partners, and include the proportionate share owned by each partner. C -- If a business trust, please name all members and beneficiaries of said trust. Corporation = Doyle Sailmakers, Inc. Name and Address of officers and directors: • Robert Doyle, 43 Norman Street, Marblehead, MA • Janet Doyle, 43 Norman Street, Marblehead, MA • Sam Byrne, Bridge Street, Manchester, MA • Gary Gregory, Millpond Road, Marblehead, MA Person or corporation with greater than five percent interest • Robert Doyle • Gary Gregory Partnership = R&J Swampscott Road LLC Name and Addresses of Members • Robert Doyle, 43 Norman Street, Marblehead, MA — 50% interest • Janet Doyle, 43 Norman Street, Marblehead, MA — 50% interest Certified Project Application -- Page 10 3. Please provide the name address hone number and contact person for an P > P P Y organizations Which may own or control the applicant organization, or who are affiliated with the applicant business organization. Please see above relationship between Doyle Sailmakers, Inc. and R&J Swampscott Road, LLC 4. Certificate of Good Standing -- Please provide proof of good tax standing in the Commonwealth of Massachusetts via a Certificate of Good Standing, which is a letter issued by the Massachusetts Department of Revenue. To obtain a Certificate of Good Standing, please see Attachment I of this application. Copy of Certificate is attached. i �Ierri�y�oftlz�. �o�niru�>Gvealtlz ftat�.�ius� �o�sta� ./��a�rsa�iu.6etta, 02133 of Galvin the th September 6,2006 ; WHOM IT MAY CONCERN: I hereby certify that a certificate of organization of a Limited Liability Company was in this office by R &J S WAMPSCOTT ROAD LLC ordance with the provisions of Massachusetts General Laws Chapter 156C on September 006. I further certify that said Limited Liability Company has filed all annual reports due and 11 , all fees with respect to such reports; that said Limited Liability Company has not filed a Cate of cancellation or withdrawal; and that, said Limited Liability Company is in good 12 dmg with this office. 49 I also certify that the names of all managers listed in the most recent filing are: ROBERT YLE,JANET DOYLE I further certify, the names of all persons authorized to execute documents filed with this and listed in the most recent filing are: ROBERT E. DOYLE,JANET DOYLE The names of all persons authorized to act with respect to real property listed in the most t filing are: ROBERT E. DOYLE,JANET DOYLE In testimony of which; I have hereunto affixed the Great Seal of the Conunonwealth on the date first above written. Secretary of the Commonwealth Z'd L6bL6£9L9L stqt:wjieg eIA00 eWtL LO 9L qej 21/2006 12:43 FAB IA002/002 Y. assachusetts epartment evenue PO BOX 7010 BOSTON,MA QM4 'ALAN LeBOVIDGE,COM&USStONER i. ROBERT O'NEILL,BUREAU CHIEF Notice: 80619 DOYLESAILMAKERS,INC. TIP ID: 042765092 89 FROM STREET Date: 9121/06 RBLEHEAO,MA.01945 Bureau: Certificate Unit i 5 r: CERTIFICATE OF GOOD STANDING AND/OR TAR COMPLIANCE , The Commissioner of Revenue certifies as of the above date. that the above named individual +'1 or entity is in compliance with its tax obligations payable under M.G.L.c.62C,including corporation excise,sates and use Lakes,sales tax on meals,withholcing taxes,room omtpancy -excise and personal income taxes,with Me following exceptions. This Certificate certifies thea individual taxpayers are in compliance with income tax obUgations and any sates and use taxes,sales tax on meals,withholding taxes,and/or room occupancy '"-taxes related to a sole proprietorship.Persons deemed responsible for the payment of these taxes on behalf of a corporation,partnership or other business entity may not use our automated process to obtain a certificate. j "This certificate does not certify that the entity's standing as to taxes such as unemployment insurance administered by agencies other than the Department of Revenue,or taxes under any :'.,.other provisions of taw. Taxpayers required to collect or remit the following taxes must submit a ..separate request to certify compliance:Alcoholic Beverage Excise,Cigarette Excise,Sales Tax on Boats,International Fuels Tax AgreemenL Smokeless Tobacco or Ferry Embarkation. THIS 1S NOT A WAIVER OF LIEN ISSUED UNDER GENERAL LAWS,CHAPTER 62C, 'SECTION 52. j very truly yours, _ . ' tl Robert O'Neill,Bureau CF11ef -'.'� u4araorsmatwseorlard I y. ni. G ti Z'd L6b16£918L steliewileg e1A00 d9£90 LO SI, qej 11;F' Application Page 1 of 2 Tania Hartford From: Tania Hartford Sent: Friday, February 02, 2007 9:05 AM To: 'Mimi Michaud' Cc: gregg@kemllc.com; Robbie Doyle Subject: RE: TIF Application Hi Mimi, I'm glad you were pleased with the outcome of the meeting. Like I said before, we are happy to have you moving to Salem and want to help make the process easier for you. Our next challenge is getting the application approved by City Council. If I can get a draft of your application by next Friday (2/9), that would give me enough time to have a dialogue with Peter Milano at MOBD and make any changes in time for the Council meeting. I'm attaching the spreadsheet that we went through at the meeting. Gregg can give me a call or drop me a line if he has any questions. I'm also going to touch base with Mary Sarris at the North Shore WIB to see if I can find out any more about the workforce training program. I'll keep you posted. Take care, Tania -----Original Message----- From: Mimi Michaud [mailto:mmichaud@doylesails.com] Sent: Friday, February 02, 2007 8:49 AM To: Tania Hartford Cc: gregg@kemllc.com; Robbie Doyle Subject: RE: TIF Application Thanks for sending this Tania. I did not have the Jobs chart so I will start working on that. Robbie was very pleased with the meeting on Wednesday. He is looking forward to his move to Salem and to working with you and the Mayor. Would it be possible for you to email the Estimated Value of EDIP Local Tax Incentives document to Gregg Burns? I could scan it but thought it might be better coming directly from you. Thanks for all your help. - Mimi -----Original Message----- From: Tania Hartford [mailto:THartford@Salem.com] Sent: Wednesday, January 31, 2007 2:44 PM To: Mimi Michaud Subject: TIF Application Mimi, Sorry for the delay in getting this off to you. It is the Certified Project Application and corresponding jobs chart. I'll see you at 3:00. 2/2/2007 TV Application Page 2 of 2 Take care, Tania <<CPAPPI.doc» <<Certified Project Application JobChart - Specialty.xls>> Tania Hartford, Economic Development Program Director City of Salem, Dept. of Planning and Community Development 120 Washington Street, Salem, MA 01970 Phone: 978/619-5685 - Fax: 978/740-0404 www.salem.com 2/2/2007 Tania Hartford From: Robbie Doyle Irdoyle@doylesails.com] Sent: Monday, November 27, 2006 5:13 PM To: Tania Hartford; Mimi Michaud Cc: gregg@kemcpa.com; Janet Doyle Subject: RE: City of Salem TIF Our financing gap is about $300,000. Janet can provide details. I'm here tomorrow AM., but leave for Turkey at noon. -----Original Message----- From: Tania Hartford [mailto:THartford@Salem.com] Sent: Monday, November 27, 2006 3:14 PM To: Mimi Michaud Cc: gregg@kemcpa.com; Robbie Doyle Subject: City of Salem TIF Mimi, Sorry for the delay in following up on our conversation regarding the City of Salem TIF. As I said in our phone conversation, at this point we are working on proposed numbers for the TIF value. In order to finalize that chart, it is important that we have a sense of what your financing gap is for the project and the approximate amount of assistance you are seeking. Please feel free to call me if you have any questions or need more information. Thank you, Tania Tania Hartford, Economic Development Planner City of Salem, Dept. of Planning and Community Development 120 Washington Street, Salem, MA 01970 Phone: 978/619-5685 - Fax: 978/740-0404 www.salem.com i Money OKd for ' sailmaker's relocation BY ANA RNAS ' CORRESPONDENT SALEM—A state agency yes- terday approved a$2.15 million bond allowing Marblehead-based Doyle Sailmakers to relocate to Salem this fall, creating a new product line, moving 34 jobs to Salem and adding six more. "We welcome the new jobs and the quality craftsmanship with open arms,"Mayor Kim Driscoll said."To attract this kind of quali- ty development and strong busi- ness to Salem is a sign that we are moving in a good direction." The company,`which manufac- tures sails,will use the money to buy a 31,000-square-foot industrial space in Salem,where it plans to start building"lighter-than-air air- ships"in the next couple of weeks, owner RobertDoylesaid. , "We hope to grow the business '.even more,"Doyle said. Doyle said the relocation fits the company's development plans for various reasons. "I grew up in Salem,the building seemed suitable,and there is a lot of a labor pool,"he said. Doyle also prefers Salem be- cause it offer's more affordable housing for production people than their current Marblehead lo- cation. Most of the company's 34 cur- rent employees drive through Salem to go to work every day, and some already live there,Doyle said. The Massachusetts Develop- ment Finance Agency board of di- rectors, meeting in Boston, ap- proved the bond yesterday morn- ing. Adam Bickelman, the agency's director of communica- tions,said the bond issue date and other details will not be available until the closure,which can take from two weeks to four months. The finance agency's action guarantees a tax-exempt rate that will save the company financing costs,Doyle said.He said the com- pany will invest a significant rnnt of money beyond the bond used to specify the actual e operates irk 30 countries ufactures sails for yachts, nal tall ships and Ameri- p schooners. e Sailmakers is one of eight nies planning to move to Commerce Park at 96 pscott Road, the former rd Plastics site. THURSDAYr September 14,2006 + 46 PAGES 50 CENTS k F Su' specte By STACIE N.GALANG STAFF WRITER . PEABODY—A South Peabody man was arrested on federal drug charges after armed police officers raided his home early yesterday morning. Peabody and Lynn police, stat troopers and federal officers took 29 year-old Valentin Tsyporkin into cus xq e '. , j a Sean Fitzgerald goes head to head City Hall.In the background is mod Fitz State rep' cand' 6 STACIE N.GALANG STAFF wRrrF.R Every story has two sides,and I night Peabody's two Democratic c didates for state representative s their versions of the future w them in office. Incumbent Joyce Spiliotis a challenger Sean Fitzgerald squ off in an hourlong debate at C Hall's Wiggin Auditorium. s { A2 Thursday,September 14,2006 THE SALEM NEWS b