BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Limba - ECPv6.16.5//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-WR-CALNAME:Limba X-ORIGINAL-URL:https://limba.net X-WR-CALDESC:Events for Limba REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:America/New_York BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20100314T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20101107T060000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20110313T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20111106T060000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20120311T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20121104T060000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/New_York:20110603T000000 DTEND;TZID=America/New_York:20110603T000000 DTSTAMP:20110603T040000Z CREATED:20110603T040000Z LAST-MODIFIED:20110603T040000Z UID:4453-1307059200-1307059200@limba.net SUMMARY:Islip Arts Council Exec Dir\, Linda Moran - Long Philharmonic DESCRIPTION:Today’s presentation was from the Islip Arts Council Executive Director Linda Moran. Ms. Moran has been guiding this organization for the past few years when the founder Lillian Barbash retired. \n  \nAmong the many events the council organizes during the year\, the biggest one is held in July at Hechscher State Park. This year the performance is July 16th at 7PM\, but most people make it an all day affair\, some arriving as early as 11AM. \n  \nThe Long Island Philharmonic Orchestra will be performing and this year is even more special. It is being billed as a "Salute to the Armed Forces of the USA" The idea was born out the multiple needs of returning vets. The concert is free to the general public\, but funds will be raised from corporate and individual sponsors. The proceeds from sponsorships will be distributed to qualified veteran service groups\, and administered by the United Way of Long Island. \n  \nHaving attended this event in the past I can tell you that this is a great way to spend a summer night on Long Island. The party atmosphere of this informal setting is a joy to be a part. It’s not quite Woodstock\, but then again we have matured\, I think. There will be posters and memorabilia on sale to help support the noble intent of this year’s performance \n  \nSponsors and VIP seating will be served food and have access to the musicians\, and various other perks. There are several levels of participation available. Whether you attend as a free concert attendee or expressing your generosity as a sponsor or individual VIP attendee\, this is a good time. General attendance people are encouraged to bring their own food and beverage and picnic on the grass. Grucci Fireworks will be displayed at the end of the evening \n  \nAttend and enjoy. Here is the Islip Arts Council website. www.isplipartscouncil.org  \n  \nErnie Fazio \n\n  \n  URL:https://limba.net/calendar/islip-arts-council-exec-dir-linda-moran-long-philharmonic/ LOCATION:NY END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20110610T000000 DTEND;TZID=America/New_York:20110610T000000 DTSTAMP:20110610T040000Z CREATED:20110610T040000Z LAST-MODIFIED:20110610T040000Z UID:4463-1307664000-1307664000@limba.net SUMMARY:Joseph Perri CEO Gold Coast Bank -at Islandia DESCRIPTION:Gold Coast Bank – June 10th meeting recap \n  \nToday’s meeting was a very different experience. It was held in the board room of the Gold Coast bank in Islandia\, and Joseph Perri\, President and CEO presided over the meeting. \n  \nWe began with 10th District Suffolk County legislator Tom Cilmi\, is introducing the speaker. \n  \nMr. Perri is engaging speaker and after the first few minutes\, the presentation was conducted more as a conversation between the speaker and the rest of the people in the room. \n  \nJoe explained the normal course of doing business where the information is gathered by the banker from the prospective borrower\, and then takes it back to the office for processing. That process leaves out the first hand knowledge of the submitting party and worst case scenarios are tested against the application. Often that process destroys the validity of the submission. After long delays and little communication the application may be rejected. Perri suggested a more communicative approach and different assumptions on the same case could yield a different result. \n  \nJoe went on to explain what is considered. All of the negative outcomes are tested against the submission. The bankers\, not knowing the business as well as the person requesting the loan\, may make unwarranted assumption. Another thing that happens is a case summary that winds up being too harsh\, or never written. \n  \nA better approach may be for the borrower to suggest the pitfalls that could occur\, and suggest possible mitigation strategies to fall back on if needed. The summary is designed to develop a true picture of the risk and the borrower is in a better position to create that summary. This gives the banker a platform for further questions and streamlines the process. \n  \nMoreover the feeling of the loss of control is changed\, since the client is in the lead position. \n  \nMr. Perri spoke a little about the responsiveness of small regional banks as apposed to large banks. You may not be a significant piece of business to one of the giants\, but your small business may be a valued customer to a region based bank. \n  \nErnie Fazio URL:https://limba.net/calendar/joseph-perri-ceo-gold-coast-bank-at-islandia/ LOCATION:NY END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20110617T000000 DTEND;TZID=America/New_York:20110617T000000 DTSTAMP:20110617T040000Z CREATED:20110617T040000Z LAST-MODIFIED:20110617T040000Z UID:4448-1308268800-1308268800@limba.net SUMMARY:Homeland Security Update LIFT President Frank Otto DESCRIPTION:Bill Wahling\, Executive Director of LIFT opened the meeting this morning. He introduced the audience of the mission of the organization. LIFT’s purpose is to identify market needs and help inventors and designers develop products to meet those needs. \n  \nBill then introduced the president and our speaker for the morning\, Frank Otto. Bill noted that the relationship between the two leaders goes back to their experience in the aerospace and defense business working at EDO Corporation. \n  \nThe Morelly Homeland Security Center was built under Mr. Otto’s predecessor Ken Morelly\, with a $25 million grant that was applied for by LIFT. The center is a very interesting mix of functions\, which Mr. Otto took us through in a very well organized presentation. \n  \nThe primary mission of the center hones in on homeland security as the name implies\, but getting there means many things. Creating advanced products from idea to completion to enhance security\, but of equal importance creating products and industries that come out of creative ideas. \n  \nThe Center is involved with a litany of first responder organizations locally and around the nation. The well equipped media room is wired for many analysts to work on problems simultaneously. The room is also used for training and other communications needs. The facility houses and serves\, police\, fire\, and US Coast Guard units and agencies that need to be able to coordinate many efforts in cases of emergency. To achieve this functionality the center is energy independent and also has a mobile unit that can operate remotely. \n  \nIn addition to the governmental agencies there are private companies that seek the synergy available there. Knowing what people are needing and finding products that will fill those needs are part of the to be developed and the input from those organizations. Real life scenarios are played out at the center to help prepare the various agencies for any emergency that may occur. \n  \nThe Department of Homeland Security (DHS) has generated numerous research efforts that no one seems to have a handle on. The Center has no doubt that there is valuable research that has been done\, and they are assembling that info in useable form and making it available for commercial enterprises. \n  \nThe Morelly facility works with other organizations such as LISTNET\, which has IT\, specialists in its membership and LIMBA because of our interest in the infrastructure. The building has already filled all the available space with interested partner companies\, and they range in size from giants to much smaller companies. Now there is an effort to accommodate those companies that they cannot house by offering associate memberships. The associate members are invited to all the information seminars and have access to all the resources. \n  \nMr. Otto states\, "We know how to take an idea through the research\, development\, and manufacture\, and we can help companies all over the country." \n  \nThe big push for the research and development is for composites. And that area will have a major impact on American manufacturing. \n  \nRichard Rotanz\, Executive Director of the Applied Science Foundation for Homeland Security closed the meeting with some insights on the sciences used by first responders all over the country. \n  \nErnie Fazio URL:https://limba.net/calendar/homeland-security-update-lift-president-frank-otto/ LOCATION:NY END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20110624T000000 DTEND;TZID=America/New_York:20110624T000000 DTSTAMP:20110624T040000Z CREATED:20110624T040000Z LAST-MODIFIED:20110624T040000Z UID:4464-1308873600-1308873600@limba.net SUMMARY:The Fate of LIPA- Senator Ken Lavalle DESCRIPTION:The topic – Was LIPA worth doing? \n  \nSenator LaValle was scheduled to be at the meeting today and discuss the LIPA as it was conceived\, how it has performed\, and where do we go from here. Mr. LaValle called Thursday afternoon and said he was stuck in Albany on unfinished business. Dr. Mathew Cordaro was scheduled to introduce the speaker\, and he was quite able to give us information that would be different from the political aspects we may otherwise have heard from the senator\, but no less complete. Dr. Cordaro was Vice President of LILCO\, President of several other electrical entities and the President of a municipal power company in Nashville Tennessee \n  \nCordaro opened his remarks with an opinion offered from the senator "LIPA has been a disappointment and it is dysfunctional." He stated that Senator LaValle wants to see oversight of LIPA by the PSC. Cordaro is on the Suffolk County Oversight Commission and agrees with that idea. \n  \nWe then discussed the possibility of repowering Port Jefferson. Dr Cordaro has long been a proponent of repowering of old plants. The benefit of having existing connecting infrastructure already on-site and the fact that the site is already an approved power plant location weighs into his reasoning. \n  \nThe cost of the power output of LIPA varies from month to month depending on fuel costs and other factors. The Edison Institute tells us it ranges from the highest cost power in the nation to the third highest cost at best. \n  \nThe question of whether LIPA is being properly managed has recently been investigated and the results of that study were disturbing. He gave as an example the gearing up for hurricane Earl. (the storm that never materialized) cost many millions of dollars\, and when the costs were put under scrutiny\, they proved to be excessive and in some cases totally unnecessary. There have also been investigations of billing errors that go back 10 years. Overcharging for fuel was one of those transgressions. LIPA’s investment practices have also been criticized \n  \nLIPA presently has new operating contracts out to bid. There are three remaining bidders to choose from\, National Grid\, Con Edison\, and PSE&G.\, but there are other possibilities. One of those alternatives is a private entity. That would be repeating what we had as LILCO. You can give that one the buzzer. Or we could create a full municipal entity\, something like what Matt managed in Tennessee. The third option is to continue as we are now\, which is a hybrid. That keeps the debt in the municipal bonding arena\, but purchases all the power\, and services from a for-profit company such we have now with National Grid. I pointed out to Dr. Cordaro that we would have had a true municipal power company when we created LILCO. All we got out of that deal was the aging outdoor infrastructure and $7 billion in debt. In other words\, we got screwed. By the way\, the debt is still $7billion. \n  \nCordaro stated that municipal power companies do have many advantages over investor owned power companies\, and they can be run at less cost. Among the cost savings are the ability to finance using municipal bonds\, as we presently have with LIPA\, but there is also no dividend payments to stockholders\, nor are there excessive salaries\, bonuses\, and stock options for the executive class. There are also tax preferences\, although public power companies often do pay real estate taxes. \n  \nCustomer satisfaction was discussed and LIPA did not fare well on that one either. During the Q&A Cordaro brought up the cost of demand charges which are about $500 million year. Standby plants that are hardly ever brought on line create about $200 million in demand charges. Better management of that factor would save significant money. Cordaro closed on the thought that the entity needs oversight. Amen! URL:https://limba.net/calendar/the-fate-of-lipa-senator-ken-lavalle/ LOCATION:NY END:VEVENT END:VCALENDAR