A truck company in Inwood has received preliminary approval from the Hempstead Town Industrial Development Agency reinstating its tax breaks.
Gabrielli Truck Sales had its previous tax breaks revoked in April after it missed a reporting deadline, IDA officials said. The agency voted 4-0 with one abstention Thursday to move forward with granting the tax breaks again, including a payment-in-lieu-of-taxes, or PILOT, a sales tax exemption and a mortgage-recording tax abatement. IDA board member John Ferretti Jr. abstained from the vote because he said he wanted to see a current appraisal of the property.
The IDA must hold a public hearing before it can grant final approval to the company, chairman Arthur Nastre said. The previous deal had been approved in February 2015.
“I think everybody deserves a second chance if they screw up on the paperwork,” he said. “Once they know they screwed up, they don’t do it again.”
Mark Spund, an attorney for the truck company, said the error has been fixed.
Gabrielli has other locations in Queens, the Bronx, Hicksville, Medford and upstate Montgomery, as well as in Connecticut and New Jersey.
Albert D’Agostino, a lawyer for the Lawrence school district, said Gabrielli “is not an enterprise that needs to be boosted up” with tax breaks.
If the tax breaks are granted, Gabrielli would pay $164,800 for the first three years of its 10-year PILOT. Its payments would rise to $190,688 in the 10th year, IDA documents show.
The company bought and expanded a facility at 31 Alameda St. in Inwood for “warranty and repair work of vehicles to municipal customers,” according to IDA documents.