2012-05-14T14:06:15-05:00 2011-12-31 364382562 MARCUM LLP 555 LONG WHARF DRIVE NEW HAVEN CT 06515 990 2011-01-01 061062368 SCIENCE PARK DEVELOPMENT CORPORATION SCIE 2037850840 25 SCIENCE PARK SUITE 103 NEW HAVEN CT 06511 SHEILA M ANASTAS 2037850840 2012-05-14 1 JOHN MEZZANOTTE P01319984 2037771099 2011 2016-02-24 21:20:13Z SHEILA M ANASTAS 25 SCIENCE PARK SUITE 103 NEW HAVEN CT 06511 4861471 0 X N/A X 1981 CT A UNIVERSITY RELATED TECHNOLOGY AND RESEARCH BUSINESS PARK LOCATED IN A STATE DESIGNATED ENTERPRISE ZONE. DESIGNED TO ATTRACT RESEARCH AND HIGH TECHNOLOGY FIRMS TO THE NEW HAVEN COMMUNITY. 9 9 1 0 0 0 0 0 2750535 2385191 10472 3185 0 0 2761007 2388376 0 0 0 0 118832 120453 0 0 0 3968095 4141094 4086927 4261547 -1325920 -1873171 16442182 15361058 15675908 16468815 766274 -1107757 X COMPLETE THE DEVELOPMENT/REDEVELOPMENT OF SCIENCE PARK AND ITS ENVIRONS FOR THE PURPOSE OF INCREASING EMPLOYMENT IN THE CITY OF NEW HAVEN IN GENERAL AND THE DIXWELL AND NEWHALLVILLE NEIGHBORHOODS IN PARTICULAR, INCREASING THE TAX BASE IN THE CITY OF NEW HAVEN, ATTRACTING RESEARCH AND TECHNOLOGICAL ENTERPRISES, AND THE EXTENT COMPATIBLE WITH THE FOREGOING, INCREASING THE VARIETY OF HOUSING IN SCIENCE PARK AND ITS ENVIRONS. 0 0 3861862 2386621 SCIENCE PARK DEVELOPMENT CORPORATION (SPDC) WAS ESTABLISHED IN AUGUST OF 1981 AS A PART OF A COOPERATIVE EFFORT BY THE CITY OF NEW HAVEN, CONNECTICUT, YALE UNIVERSITY, AND OLIN CORPORATION TO MOBILIZE THEIR CONSIDERABLE RESOURCES TO CREATE A NEW ECONOMIC BASE AT THE SITE OF A MULTI-TRACT, PREDOMINATELY VACANT, INDUSTRIAL COMPLEX ADJACENT TO THE YALE SCIENCE HILL CAMPUS AND IN NEW HAVEN'S STATE-DESIGNATED ENTERPRISE ZONE. IT'S GOAL IS TO FURTHER THE REVITALIZATION OF THE CITY OF NEW HAVEN THROUGH THE DEVELOPMENT AND ENHANCEMENT OF EMPLOYMENT OPPORTUNITIES FOR AREA RESIDENTS, RELIEF OF POVERTY AND NEIGHBORHOOD TENSION, AND THE PREVENTION OF BLIGHT AND DETERIORATION IN THE SURROUNDING DIXWELL-NEWHALLVILLE NEIGHBORHOOD AREAS. THE PARK ATTRACTS START-UP AND HIGH TECHNOLOGY FIRMS, INCLUDING LIFE SCIENCE AND LIGHT MANUFACTURING AND ASSEMBLY INDUSTRIES. AS A HOME BASE FOR THESE COMPANIES, SPDC PROVIDES ECONOMIC BENEFITS TO THE CITY OF NEW HAVEN AS A WHOLE, AND OFFERS INDIRECT EMPLOYMENT OPPORTUNITIES TO AREA RESIDENTS.THE SCIENCE PARK PLANNED DEVELOPMENT DISTRICT EMPLOYMENT SURVEY TALLIED APPROXIMATELY 31 COMPANIES; FROM EXPANDING START-UP VENTURES TO MATURE ENTERPRISES AND DIVISIONS OF MULTINATIONAL CORPORATIONS. THESE ENTITIES EMPLOY OVER 1,200 PEOPLE IN THE PARK. TENANT COMPANIES AT SCIENCE PARK ARE PART OF A DYNAMIC R&D COMMUNITY AND CAMPUS-LIKE ENVIRONMENT. THESE COMPANIES BENEFIT BY ASSOCIATION AND USE OF FACILITIES WITH NEARBY YALE UNIVERSITY. IN JULY OF 1998, THE CONNECTICUT HOUSING FINANCE AUTHORITY (CHFA) COMMITTED $14 MILLION TO DEMOLISH OBSOLETE STRUCTURES, AND TO REHABILITATE AND/OR CONSTRUCT NEW BUILDINGS IN THE PARK. YALE UNIVERSITY PROVIDED SUPPORTING FUNDS DURING CONSTRUCTION ACTIVITIES, OLIN CORPORATION APPROVED DONATION OF ADDITIONAL LAND AND FACILITIES, AND THE CITY OF NEW HAVEN PROVIDED CONTRIBUTIONS IN THE FORM OF CAPITAL IMPROVEMENTS. THESE WERE IN ADDITION TO CONNECTICUT DEVELOPMENT AUTHORITY (CDA) AND DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT (DECD) PREVIOUS COMMITMENTS TO THE PARK. THE MAJOR PORTION OF THE CHFA FUNDS WERE USED TO RENOVATE AND EXPAND A 102,000 SQUARE FOOT OFFICE/LAB BUILDING THAT IS NOW LEASED AND OCCUPIED; PRIMARILY TO COMPANIES IN THE BIOTECH FIELD. GROUND LEASE TRANSACTIONS IN 2000 AND SUBSEQUENTLY, BETWEEN SPDC AND A FORMER DEVELOPER RESULTED IN THE INFILL AND RENOVATION OF A 267,000 SQ. FT. OFFICE/LAB BUILDING, RENOVATION OF PARKING LOTS ENCOMPASSING APPROXIMATELY 250 PARKING SPACES, AND DEMOLITION OF FIVE ABANDONED AND DERELICT BUILDINGS. BEGINNING IN 2007, ANOTHER DEVELOPER ASSUMED THREE GROUND LEASES. UNDER THESE AND SUBSEQUENT LEASES, ADDITIONAL ABANDONED BUILDINGS WERE DEMOLISHED, A STRUCTURED PARKING GARAGE FOR OVER ONE THOUSAND VEHICLES WAS COMPLETED IN 2009, A VACANT FACTORY WAS RENOVATED FOR OFFICE AND TECHNOLOGY TENANTS AND IS NOW OVER 60% OCCUPIED, AND A CHILLED WATER FACILITY SHELL WAS COMPLETED IN 2011.IN 2007, SPDC ISSUED AN RFQ FOR DEVELOPMENT OF A SEVEN ACRE ABANDONED, DERELICT, MULTI-BUILDING TRACT IN SCIENCE PARK. IN 2011, A COMMERCIAL GROUND LEASE ENCOMPASSING PART OF THIS TRACT RESULTED IN ONE OF THE FASTEST GROWING COMPANIES IN THE COUNTRY BUILDING AND/OR RENOVATING THREE BUILDINGS. PERIPHERAL AGREEMENTS ENCOMPASS TWO ADDITIONAL SPDC TRACTS. A REDEVELOPMENT AGREEMENT, WITH A JOINT VENTURE COMPRISED OF NATIONAL AND REGIONAL DEVELOPERS, WAS ALSO EXECUTED IN 2011 FOR SEVERAL OF THE REMAINING PARCELS.SCIENCE PARK IS, AND WILL CONTINUE TO BE, A VIBRANT, INTEGRAL PART OF SURROUNDING NEIGHBORHOODS, NEW HAVEN, AND CONNECTICUT AS A WHOLE. 3861862 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 16 0 1 1 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 CT X X SHEILA ANASTAS 2037850840 25 SCIENCE PARK SUITE 103 NEW HAVEN CT 06511 BRUCE D ALEXANDER 1.00 X 0 0 0 RICHARD R BARREDO 1.00 X X 0 0 0 KELLY MURPHY 1.00 X 0 0 0 PETER A PENCZER 1.00 X 0 0 0 CURT M RICHARDS 1.00 X 0 0 0 MICHAEL A SCHAFFER 1.00 X X 0 0 0 DAVID SILVERSTONE 8.00 X X 60000 0 0 JEROME E TURECK 1.00 X 0 0 0 CHARLES H BREWER III 1.00 X 0 0 0 SHEILA M ANASTAS 35.00 X 79080 0 14409 JOSEPH C LEE 1.00 X 0 0 0 139080 0 14409 0 0 0 0 FUSCO MANAGEMENT CO LLC 555 LONG WHARF DRIVE NEW HAVEN CT 06511 FACILITIES MANAGEMENT 222958 LECLAIRRYAN PO BOX 2499 RICHMOND VA 232182499 LEGAL SERVICES 180642 JOHN J BRENNAN CONSTRUCTION INC PO BOX 788 SHELTON CT 06484 PAVING SERVICES 159420 MURPHY SECURITY SERVICES PO BOX 356 NEW BRITAIN CT 06050 SECURITY SERVICES 157044 COLLIERS INTERNATIONAL 864 WETHERSFIELD AVE HARTFORD CT 06114 BROKERAGE SERVICES 129998 5 PROG.SERV.REVENUE 531120 2385191 2385191 2385191 1727 1727 2465991 8562 2465963 7132 28 1430 1458 1430 28 2388376 2386621 0 1755 109168 109168 11285 11285 143000 143000 128913 26802 102111 33400 33400 306561 266765 39796 17500 17500 17466 9594 7872 42528 42528 777703 777703 769370 754673 14697 180905 165550 15355 UTILITIES 760161 760161 REPAIRS & MAINTENANCE 357799 357799 PROPERTY & OTHER TAXES 334877 332473 2404 BUILDING SECURITY 267342 267342 3569 3569 4261547 3861862 399685 0 96041 146643 124121 80983 238889 120813 162597 286072 23871263 9832991 14142137 14038272 1299572 210566 378825 477709 16442182 15361058 306548 518744 15270991 15270991 98369 679080 15675908 16468815 X 766274 -1107757 766274 -1107757 16442182 15361058 X -1873171 -860 X X 0 1 1 X 0 X 4858480 3978807 3616343 2750535 2385191 17589356 4858480 3978807 3616343 2750535 2385191 17589356 0 0 0 17589356 133001 96928 28921 11524 1727 272101 133001 96928 28921 11524 1727 272101 4991481 4075735 3645264 2762059 2386918 17861457 0.98480 0.92620 0.01520 0.01870 X 2544401 2544401 21300685 9811610 11489075 26177 21381 4796 14038272 SECURITY DEPOSITS 73840 REFUNDABLE ADVANCES 16665 ACCRUED INTEREST 588575 679080 2388376 4261547 -1873171 -860 -860 -1874031 2388376 0 2388376 0 2388376 4261547 0 4261547 0 4261547 CURT RICHARDS DIRECTOR OF SPDC AND VP ENVIRONMENTAL HEALTH & SAFETY OLIN CORP OLIN CORP IS RESPONSIBLE UNDER CT LAW FOR CERTAIN REMEDIATION ACTIVITIES ON SITES OWNED BY SCIENCE PARK. 0 SM ANASTAS AND ASSOCIATES LLC ENTITY IS WHOLLY-OWNED BY SHEILA M. ANASTAS, EXEC DIRECTOR AND CONTOLLER 27000 CONSULTING SERVICES. 0 FORM 990, PART VI, SECTION A, LINE 8B THE COMMITTEES HAVE NO AUTHORITY TO ACT WITHOUT BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 ALL MEMBERS OF THE BOARD OF DIRECTORS (GOVERNING BODY) ARE PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO IT BEING SIGNED, AND REQUESTED TO PROVIDE THEIR COMMENTS, QUESTIONS OR CONCERNS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE TO THE PRESIDENT ANNUALLY, BY THE DATE OF THE ANNUAL MEETING, INTERESTS THAT COULD GIVE RISE TO CONFLICTS. WHEN A CONFLICT OF INTEREST REQUIRES ACTION BY THE BOARD, THE PRESIDENT SHALL CALL IT TO THE ATTENTION OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE CORPORATION HAS ONE EMPLOYEE WHOSE COMPENSATION IS DETERMINED BY THE PRESIDENT, WHO RELIES ON HIS KNOWLEDGE OF THE MARKETPLACE FOR PEOPLE OF SIMILAR SKILLS AND RESPONSIBILITIES. THE SALARY IS ADJUSTED ANNUALLY AND APPROVED BY THE BOARD. THE CHAIRMAN AND PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOD WITH REFERENCE TO HIS KNOWLEDGE, EXPERIENCE AND LEVEL OF RESPONSIBILITY. FORM 990, PART VI, SECTION C, LINE 18 THE CORPORATION'S ANNUAL FORM 990, INCLUDING FINANCIAL STATEMENTS, ARE MADE AVAILABLE TO THE PUBLIC BY THE STATE OF CONNECTICUT PUBLIC CHARITY UNIT WEB SITE AFTER THE ORGANIZATION FILES WITH THE STATE EACH YEAR. THE ORGANIZATION'S CERTIFICATE OF ORGANIZATION AND BY-LAWS ARE AVAILABLE AT THE CONNECTICUT SECRETARY OF STATE'S OFFICE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION'S ANNUAL FORM 990, INCLUDING FINANCIAL STATEMENTS, ARE MADE AVAILABLE TO THE PUBLIC BY THE STATE OF CONNECTICUT PUBLIC CHARITY UNIT WEB SITE AFTER THE ORGANIZATION FILES WITH THE STATE EACH YEAR. THE ORGANIZATION'S CERTIFICATE OF ORGANIZATION AND BY-LAWS ARE AVAILABLE AT THE CONNECTICUT SECRETARY OF STATE'S OFFICE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -860. FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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