Fair 072913 by Westfair Business Journal

FAIRFIELD COUNTY

BUSINESS JOURNAL YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com

UNDER

FCBJ this week CONNECTICUT WILL INVEST $18 MILLION in nine standalone electric generators as part of a microgrid pilot program … 3

the

July 29, 2013 | VOL. 49, No. 30

WEATHER

CLIMATE CHANGE SPURS INSURANCE DISCLOSURES

JOB GAINS: CT vs. U.S.

THE STATE’S HIGHEST COURT should overturn a Superior Court ruling that would force out Bridgeport schools superintendent Paul Vallas … 4

BY JENNIFER BISSELL jbissell@westfairinc.com

SINGLE-FAMILY HOME SALES increased 10.5 percent statewide in the second quarter compared with the same period last year … 8 A BOUTIQUE INVESTMENT BANKING FIRM in Southport helps firms navigate the ins and outs of selling (or buying) a business … 11

MEDIA PARTNER

U.S CONNECTICUT

Percent change in nonfarm employment, June 2012-13 Source: U.S. Department of Labor

CONNECTICUT OUTPACED BY NATIONAL RECOVERY

PAGE 5

A clean, well-lighted place, 2013 REAL ESTATE GATHERS STEAM

BY BILL FALLON bfallon@westfairinc.com

FOR 200-PLUS BUSINESSPEOPLE, many in

the commercial real estate and development arenas, the future of Westchester and Fairfield counties was laid out as clearly as prognostication will allow recently at a breakfast in the grand ballroom of Hilton Stamford Hotel & Executive Meeting Center. Both the real estate data and the mood were upbeat, a champagne moment amid the coffee and orange juice that stood in contrast to the downturn-fueled morbid-

ity of real estate’s recent past. If a person arrived looking for a run of the bulls, it was there. One panelist professed hope for a three- to four-year era of black ink. The event — titled “The Future of Westchester and Fairfield Counties” — was produced by Washington, D.C.-based Bisnow Media. “If you have a good location and good amenities, the market is good,” said panelist Jeff Newman, executive vice president, Malkin Properties. He noted new commercial deals remained low and early renewals were down, “largely because they already did it.” But, he said, “It’s a heck of a lot bet-

eople may still have their doubts about climate change, but it’s already affecting property owners’ bottom lines. According to industry reports, property insurance rates have increased more than 5 percent over the last year in places like Connecticut that have a high exposure to natural disasters such as hurricanes, tornadoes, blizzards or wildfires. Experts agree the frequency of such disasters is expected to increase with climate change, and as a result, there’s a heightened focus on the insurance industry and how property owners can protect themselves. To facilitate a transparent conversation with the insurance industry, officials at the Connecticut Insurance Department recently joined four other states in mandating insurance companies complete an annual climate change risk survey to assess what providers are doing to prepare for the effects of climate change. “Connecticut has been significantly impacted by the weather so I think it’s important the industry understands what this means and what’s at risk for them,” said George Bradner, the Insurance Department’s director of property and casualty. “It’s important that companies recognize what their risks are. They have a sophisticated process of underwriting risks; they have to make sure they’re solvent to take on insurance claims at the

» Real Estate, page 6

2Growth

incentive

19 Filling a void

» Climate, page 6

NEWS NOON @

Solar power on cusp of breakthrough with incentives BY PATRICK GALLAGHER pgallagher@westfairinc.com

t Temple Beth El in northern Stamford, a solar installation firm is putting the finishing touches on what may be one of the largest solar photovoltaic systems ever installed on a U.S. house of worship. The 845-panel, 218-kilowatt system — which will satisfy 70 percent of the synagogue’s annual electric needs — is part of a broader project aimed at energy savings and environmental sustainability. The Temple Beth El project, built around the theme “our journey to green,” has already included the replacement of old light fixtures with more efficient bulbs that are linked to motion sensors; upgrades to the building’s motors and pumps systems; and the installation of a white energy-smart roof that reflects the sun’s rays and keeps the building cooler. “For us it’s a matter of following our vision of sustainability,” Steven Lander, executive director of Temple Beth El, said of the project, which began about a year ago. “We want the Earth to be here for our children.” Among homeowners and businesses that have bought into solar, environmental sustainability remains a driving theme. But increasingly, the motivation is a different kind of green. Asked whether solar is now seen as a business investment rather than purely being valued for its environmental attributes, Tony Eason of Elektron Solar L.L.C., said, “That’s the way we sell it.” “There’s the initial upfront cost, you can see your operating costs moving forward, it’s very stable, it’s projectionable,” said Eason, founder of the Westport solar installation firm. “We’re able to say, ‘Here’s what the system will cost, here’s what it’ll produce,’ and all that is done before a penny is spent. ... When we sell it, we sell it looking at the financials first, then we start layering on all the other benefits.”

Creative financing

Installers and system owners queried by the Business Journal said solar is made even more attractive in Connecticut given the state’s high utility rates. For its part, the state has recognized that it must create opportunities for consumer energy savings, lest it lose residents and businesses. Through a variety of loans, grants and tax credits for the installation of solar photovoltaic, solar thermal and other environmentally friendly energy systems and retrofits,

An 845-panel, 218-kilowatt solar photovoltaic system is being installed on the roof of Temple Beth El in Stamford.

installation firms have seen demand for such projects increase dramatically. Additionally, a number of private corporations as well as the state government, through its Clean Energy Finance and Investment Authority (CEFIA), now offer programs that allow homeowners and businesses to lease solar systems, giving them the benefits of cheaper, cleaner power at little or no upfront cost. “I think we’re on the cusp of having some major adoption (of solar) going forward with some of the programs the state has put together,” said Craig Harrigan, commercial solar consultant with Encon Inc., a solar and HVAC firm based in Stratford. Harrigan said the solar push began with municipalities looking for savings but unable to monetize tax incentives available for retrofits and renewable energy installations. Instead, towns began to seek energy developers who would finance the installations and sell the energy that was generated to the towns themselves under power purchase agreements. “That adoption by the municipalities really helped to spur a lot of the corporate interest right now,” Harrigan said. “Municipalities have talked to other municipalities in different states and done their due diligence and that’s given confidence to businesses to come in and look at these systems.” A combination of creative financing and public-private collaboration made the Temple Beth El upgrades and solar installation possible.

2 Week of July 29, 2013 • Fairfield County Business Journal

The project was hatched when Elliot Isban, a member of the congregation and CEO of American Solar & Alternative Power L.L.C. in Stamford, approached Lander and the board of trustees to see if there was any interest in a lighting upgrade. An energy audit was subsequently undertaken along with Connecticut Light & Power (CL&P), the synagogue’s electric provider, and various opportunities for upgrades were identified. “Being a faith-based institution, a notfor-profit, we’re always having to look at where the money’s going to come from,” Lander said. “They (CL&P) came to us and said, ‘Here’s what we can do for you.’” Because of the energy efficient nature of the retrofits, Temple Beth El was eligible for incentives in the form of grants and tax credits from the Connecticut Energy Efficiency Fund. The synagogue also took out a $200,000 private loan and is in the midst of a fundraising campaign. Additionally, Temple Beth El bid on and was selected to participate in the Zero-Emission Renewable Energy Credit (ZREC) program, which was created in July 2011 along with the Low-Emission Renewable Energy Credit (LREC) program. Both ZREC and LREC are administered by CL&P and United Illuminating Co. (UI), the state’s other investor-owned electric utility. The programs calls for funds derived from ratepayers’ electric bills to be used to incentivize the construction of Class I renewable energy generators such as solar, wind, hydro and fuel cells.

Customers such as Temple Beth El that install qualifying generators have the opportunity to sell Connecticut Class I renewable energy credits, which are created from their projects, to CL&P and UI under 15-year contracts. Winners of the contracts are chosen through a bidding process. The solar system — easily the costliest component of the project — was financed by Altus Power Management L.L.C., an Old Greenwich firm that invests in, owns and operates clean energy projects. Altus will own the 218-kilowatt system being installed at Temple Beth El and will receive the ZREC credits, with the synagogue essentially leasing the system under a 25-year power purchase agreement. Temple Beth El will then have the option to buy the system outright from Altus. The building upgrades and solar system installation were all done by American Solar & Alternative Power. “With these projects, the first motivation really is to say, ‘Hey, is sustainability cost effective?’” Isban said. “The idea of creating energy from the sun is very easy to understand. People get that, but then they want to know, can we afford to do it? So the economic component certainly becomes the driving force behind it.” Isban said the reduced operating expenses justify the effort and outreach that one does to create sustainability. At Temple Beth El, “the initial projection is to save initially $31,000 a year in operating expenses. So that’s a pretty good motivation.”

Pilot program to test eﬃciency of microgrids BY PATRICK GALLAGHER pgallagher@westfairinc.com

onnecticut will invest $18 million in nine microgrids, or electric generators that can operate independent of the grid, as officials seek to mitigate the impacts of blackouts. The microgrid pilot program, which was announced July 24 in Bridgeport, is aimed at promoting the development of natural gas-powered turbines, diesel generators, solar photovoltaic systems, fuel cells and other standalone generators that can run 24/7 and power critical facilities and town centers during prolonged grid interruptions. Nine projects, including one in Bridgeport and one in Fairfield, were selected from among 36 proposals submitted in response to a request for microgrid concepts by the Department of Energy and Environmental Protection (DEEP). Gov. Dannel P. Malloy said he has recommended that an additional $30 million be devoted to the program over

the next two years and encouraged local officials to resubmit projects that are not being funded by the pilot program for future consideration. In Bridgeport, $2.97 million will go toward three 600-kilowatt natural gas microturbines to power City Hall, the police station and senior center. In neighboring Fairfield, the police station, emergency operations center, a cell tower, the fire department headquarters and a public shelter will be powered by two natural gas reciprocating engines with capacities of 50 kilowatts and 250 kilowatts and a 47-kilowatt solar installation with the support of $1.16 million in state funds. Other projects will power the naval submarine base in Groton, the University of Hartford campus and St. Francis Hospital in Hartford, Wesleyan University in Middletown, the University of Connecticut’s Storrs campus, two schools in Windham and five public facilities in Woodbridge. The pilot program and the initial funding were authorized by the state leg-

islature in 2012. Disbursement of the $18 million requires State Bond Commission approval, which is expected this fall. DEEP will be the primary funding source, with the Department of Economic and Community Development funding the Groton generator because it will support a federal facility. DEEP Commissioner Daniel C. Esty said the projects “are not simply backup generation.” “They’re going to be, in most cases, 24/7 power sources,” Esty said in an interview prior to the program unveiling in Bridgeport. “What distinguishes them is that they’re separable from the grid when the grid goes down, so they’re ‘islandable,’ as we say.” The biggest challenge will be ensuring the pilot program and any future microgrid installations are developed in a cost-effective manner, Esty said. “I think many people are willing to pay a bit of a premium for distributed generation because it is insurance against pain and suffering when the grid is down,” he said. “But we want to make

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sure to do it in a very cost-effective way.” Esty said the pilot program would help officials determine how best to promote future microgrid developments. “We’re trying to figure out what is the best structure in terms of who owns the power generation facility, who owns the wires, who manages the process,” he said. “I think that’s what we’ll learn over the course of the next several years with this pilot program.” Asked what role the state’s utilities would play in the microgrids’ development, Esty said the pilot program is a partnership that includes towns and universities and other facilities in addition to the state’s utilities. “One of the questions going forward is, is this something the utilities should manage or is it something the communities should or is it something that a particular institution — a hospital, say — should manage? And we’re trying to play out all of those options and understand what the best way forward would be,” Esty said.

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RAKOW FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013

PERSPECTIVES

FAIRFIELD COUNTY

BUSINESS JOURNAL

Overly judicious

t is more than mildly ironic that in an age when Supreme Court decisions are instantly subject to the scrutiny of the masses, the decisions themselves are distributed — at least initially — as printouts rather than being uploaded to the web. That antiquated practice was, in part, blamed for the failure by CNN and more than a few other news organizations to accurately report the court’s 2012 decision to uphold most of the Patient Protection and Affordable Care Act. Early on in his decision, Chief Justice John C. Roberts wrote, “We do not consider whether the Act embodies sound policies. That judgment is entrusted to the Nation’s elected leaders. We ask only whether Congress has the power under the Constitution to enact the challenged provisions.” Likewise, policymaking here in Connecticut is entrusted to the state’s elected leaders. It is in that light that we find the decision by Bridgeport Superior Court Judge Barbara Bellis to strip Paul Vallas of his role as superintendant of the Bridgeport Public Schools baffling. Vallas, the often-polarizing education crusader, arrived in Connecticut’s largest public school system in early 2012. His reputation as a public schools turnaround expert began with his appointment as the first CEO of Chicago’s public school system in 1995. Just two years later, in October 1997, President Bill Clinton proclaimed while visiting a Chicago elementary school, “I want what is happening in Chicago to happen all over America.” In June of 2001, after Vallas announced his decision to resign and run for governor of Illinois, the Chicago Tribune editorial board wrote of the man’s tenure: “Vallas

made decisions rather than call for more research. He figured out clever ways to use money and leverage more of it, rather than make excuses for never having enough. He helped teachers raise achievement standards and saw test scores rise. “He gained the confidence of neighborhood groups and even teachers by showing up everywhere, answering every question and being the last to leave. … Vallas, lest the mayor forget, helped establish (Richard) Daley’s worldwide reputation as the man who turned around a system that a decade ago appeared beyond reform.” Vallas went on to lead Philadelphia’s schools, and in 2007 took the helm of the Recovery School District of Louisiana (the successor to New Orleans’ public school system). He served there until April 2011, and upon his departure, an article in The Times-Picayune stated: “All but the most committed nostalgists agree that, despite the growing pains, the schools have risen above their abysmal pre-Katrina state. U.S. Secretary of Education Arne Duncan and other national figures have praised New Orleans as a model for school reform.” In our estimation there is no more qualified individual to lead Bridgeport’s public schools, and the city is lucky to have him. But under an antiquated Connecticut law, school superintendants are required to have an education degree, and Vallas does not. The state legislature and Gov. Dannel P. Malloy sought to quell the discontent over Vallas’ pedigree, inserting language in a 2012 education bill that allowed Vallas to be certified as a superintendent so long as he completed an abbreviated education leadership program, which he did. Still, that was not good enough for

THEY SAID IT “Under the majority’s articulation of the reporter’s privilege, or lack thereof, absent a showing of bad faith by the government, a reporter can always be compelled against her will to reveal her confidential sources in a criminal trial. The majority exalts the interests of the government while unduly trampling those of the press, and in doing so, severely impinges on the press and the free flow of information in our society.” — Judge Roger Gregory of the U.S. Court of Appeals for the Fourth Circuit, in a dissenting opinion in the case United States v. Sterling. The majority ruled that New York Times reporter James Risen must testify in a case against Jeffrey Sterling, a former CIA employee charged with violating the Espionage Act.

4 Week of July 29, 2013 • FairField County Business Journal

some residents, who sued the state Board of Education, claiming that the course Vallas completed did not fulfill the letter of the law. Judge Bellis ruled June 28 in favor of the plaintiffs, ordering Vallas to vacate his position. Vallas was allowed to remain as superintendent while the Connecticut Supreme Court decided whether to take up the appeal; it said July 16 that it would hear an appeal, and had yet to determine as of July 23 whether Vallas could remain on as superintendent during the appeals process. Duncan, the U.S. education secretary and Vallas’ successor in Chicago, called the opposition to his compatriot “beyond ludicrous” in an interview with The New York Times, adding, “This, to me, is just another painfully obvious, crystal-clear example of people caught in an old paradigm.” Jennifer Alexander, CEO of the nonprofit Connecticut Coalition for Achievement Now, said in a statement, “Our educational leaders should be judged by job performance and merit and, by that standard, Vallas is more than qualified to lead Bridgeport’s school district. During his tenure as superintendent, Paul Vallas has made exceptional strides toward guaranteeing access to a high-quality education for every Bridgeport student, regardless of wealth, race or Zip code.” And the bottom line is, as America’s top jurist wrote in that fateful 2012 decision, it is not for the courts to decide policy: that is left to the people and their chosen representatives. For the sake of the people of Bridgeport, their children and those trying to draw more families and young people to the state’s largest city, we can only hope the Connecticut Supreme Court rights the wrongs that were doled out in the form of Bellis’ ill-fated ruling.

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Unemployment rises to 8.1 percent amid shaky stats BY PATRICK GALLAGHER pgallagher@westfairinc.com

other Nature likely contributed to what state labor officials described as an anomalous jobs report that saw Connecticut’s unemployment rate increase one tenth of a point to 8.1 percent in June. In what would represent a significant reversal of fortunes, private sector employment decreased by 3,200 from May to June while government employment increased by 3,700. However, an economist for the Connecticut Department of Labor (DOL) said both figures are likely off, citing heavy rains in June that led to a particularly weak month for the construction industry and an extended school year — thanks to Hurricane Sandy and winter snowstorms — that could’ve resulted in an extra work week or two for school district and local government employees. “It’s obviously a very difficult month to interpret,” said Patrick Flaherty, projecting there would be revisions to the June data. “One of the issues is, of course, the huge drop in the construction industry, which we really think is more a factor of the weather than any sort of weakness in the market.” Construction industry employment dropped by 1,900, or 3.4 percent, across the state in June after having otherwise posted a strong start to 2013. That, combined with the big jump in local government employment in June, “is not reflective of what’s actually happening in the economy,” Flaherty said. Steven P. Lanza, a professor at the University of Connecticut and executive editor of The Connecticut Economy, a quarterly publication on the state’s economic prospects, said he is not discouraged despite the state adding just 500 nonfarm jobs in June. Looking at a three-month moving average of job growth, “the trend does show a continued strengthening in Connecticut’s economy,” Lanza said. Flaherty said there are likely several thousand — and possibly as many as 10,000 — more jobs in Connecticut than what has been projected by the DOL. Among the reasons for the likely undercounting of jobs, Flaherty said, is that the monthly business establishment survey used to generate employment estimates is skewed toward larger firms and features a drastically smaller sample size than national jobs data.

“So if there’s more dynamism in the small business sector, we won’t necessarily fully capture that in the survey,” Flaherty said. He said the annual benchmarking process, which occurs around February and uses unemployment insurance tax reports that nearly every employer is required to file with the state, would generate a much more accurate employment count. Even taking that into account, Connecticut still trails the U.S. in its jobs recovery, Flaherty said. But, said Lanza, “that wasn’t true at the beginning of the recovery, when Connecticut’s economy outpaced the U.S. in terms of gaining back jobs.” The U.S. has recovered about 6.6 mil-

lion jobs, or 75 percent of the approximately 8.8 million jobs that were lost between the start of the recession in December 2007 and early 2010. In contrast, Connecticut has recovered about 58,700 positions, or 48.4 percent of the 121,200 jobs that were lost from March 2008 to February 2010, according to the DOL. Since a slowdown in the state’s job market that became apparent last spring, “we sort of shifted back into recovery mode,” Lanza said. “The economy had recovered, then it was flat, and now it’s recovery again, it seems.” Pete Gioia, vice president and economist of the Connecticut Business & Industry Association, noted that while

the state added just 500 jobs in June, the unemployment rate is four-tenths of a percentage point lower than it was in June 2012. “I think what we’re seeing right now is sustainable job growth, but at a slow rate,” Gioia said in a podcast. “And in addition, most of the areas of the state saw job gains.” The Bridgeport-Stamford labor market area, which comprises the southern portion of Fairfield County, had a strong month, with employment increasing by 3,000 positions compared with May and 6,000 positions compared with June 2012. Employment in the Danbury labor market area dropped by 100 in June, but was up by 700 for the year.

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FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013

Climate — » From page 1

end of the day.” Any company that collects more than $100 million in premiums a year will be required to complete the survey. About 110 companies in Connecticut meet that threshold, according to the Insurance Department. Bradner said he’d like to see more active participation from insurance companies in discussions over climate change and an increase in customer demand for new, innovative polices to protect against future losses. Based on previous surveys completed by companies in California, Minnesota, New York and Washington, analysts say not all companies have been focused on or actively planning in advance of climate change.

Real Estate — » From page 1

ter than it was a couple of years ago.” The remaining panelists were Brett Wilderman, principal, Forstone Capital; John Barnes, senior vice president and managing director, Reckson division of S.L. Green Realty Corp.; Jose Cruz, senior managing director, Holliday Fenoglio Fowler L.P.; Jeremy Leventhal, managing partner, Faros Properties; and Alex Argento, senior vice president and director of operations, Vidaris Inc. Steve Kirn, partner for Northeast construction, McGladrey, moderated. Said Wilderman: “In Fairfield County the deal flow is light. Leasing is slow, but getting better. The leverage is still on the tenant’s side in lease negotiations. As far as investors are concerned, a lot are coming off the sidelines.” Wilderman tagged himself an optimist, as did several panel members, and said, “I think the market will improve. I don’t see things getting worse; I see them getting better. We have a bullish attitude across the next three to four years.” Cruz, too, saw the uptick in investor activity. “We are now seeing capital arrive from outside the market,” he said. Levanthal took the assembled to the 1950s, when the large suburban picture emerged, fed by highways, houses and office parks. He called the ’50s, ’60s and ’70s “the heyday of the markets.” The suburbs then received a boost from New

However Robert Hartwig, president of the Insurance Information Institute in New York, disagreed with the notion that the industry wasn’t prepared for climate change. “There’s effectively no other industry that can demonstrate better resiliency and financial wherewithal to withstand whatever climate change may bring,” Hartwig said. “Despite the fact that the industry saw 10 of the 12 most costly hurricanes happen in the last decade, record tornado activity and wildfires … the industry is rock solid financially and emerged from 2011 and 2012 even stronger than they did going into those losses.” Hartwig said the industry for decades has very closely monitored natural disasters and the financial impact for essentially every piece of property. As risks go up, the price of polices go up. Additionally, despite the recession, the

value of coastal properties increased 20 percent from 2007 to 2012, meaning the cost to insure those properties is even higher now. Especially following Hurricane Sandy, there’s been an emphasis on making sure customers understand their insurance policies, said Bob Shine, a chief underwriting officer for XL Group Plc. The insurance giant owns a number of companies, including Stamford-based Greenwich Insurance Co. “Recent severe weather events, including Superstorm Sandy, have raised awareness about insurance coverage and driven buyers to look at the adequacy of their coverage,” Shine said. “Prior to Superstorm Sandy, many homeowners did not have flood insurance, but Sandy brought a record storm surge and a new reality for many homeowners and businesses who now know they are at risk for flooding.”

According to a 2011 New York climate risk survey completed by officials at Greenwich Insurance Co., XL Group has employed a number of task forces to assess emerging risks associated with climate change. Yet without statistical certainty of when disasters might strike, it can be difficult to estimate the cost of losses that could occur. To mitigate losses, the company sends out risk engineers to customers’ facilities to evaluate operations and make suggestions. Sometimes their suggestions can be as simple as moving supplies off a basement floor prone to flooding. “We can protect customers at the same level [as in the past],” Shine said. “But all of us are going to pay attention to what we can do ahead of the storms or others severe weather events to prevent or at least minimize potential losses.”

York City’s late-century crime woes, he said. Now, there is a net migration back to cities by the so-called Generation Y. When all of that is factored, he said, Westchester residents now average five to six years older than New York City residents.

see more people opening offices up this way.” The market rebound comes with green baggage that could prove permanent. “Sustainability has become a passion because it has become a necessity,” Barnes said. “You have to make sure you are the most efficient to be the most competitive.” “From architecture to engineering, understanding the financial drivers of being green is important,” Argento said. “There’s some bling there. The idea now is getting finance and tax professionals involved with the design and architecture teams. What tax breaks can we go after on the state and federal levels? What roof should I put on my property? What can I do to distinguish my property? The focus is on payback.” The recent surge in interest rates — 1 to 1.2 percent in the last two months — did not go unnoticed. “Rates are still at historic lows,” Leventhal said. “But some people have not gotten used to the new rise.” Several panelists noted tight inventories are bumping against restless investment money. “The dark cloud on the horizon is interest rates, but it looks like smooth sailing now,” Cruz said. “We are now seeing bidding wars. There is not enough product for the investment community.” Leventhal agreed, saying, “Cheap credit and a lot of equity are driving prices up.” As the give and take wandered from commercial real estate to the buoyant

housing market — multifamilies remain among the hottest properties — the region’s infrastructure also arose as a topic. There was general enthusiasm for the new Tappan Zee Bridge, with Barnes calling the current, 1950s incarnation “an absolute disaster.” Newman offered a pair of anecdotes to drive home the need for continued investment of the sort at the Tappan Zee Bridge remake. He alighted from his New Haven line commuter train May 17 two minutes before it derailed; and on June 28, 1983, he drove one of the last cars to clear the Mianus River bridge on I-95 before it collapsed. Sponsors included Vidaris Inc.; McGladrey L.L.P.; Holliday Fenoglio Fowler (HFF) L.P.; NAI Freidland Commercial Real Estate Services; and marketing partner Co-Communications.

“From architecture to engineering, understanding the financial drivers of being green is important. There’s some bling there.” — Alex Argento

Therein lies a rub. “The existing blue chips don’t create jobs,” he said. “They are net job destroyers. It’s the startups begun by these entrepreneurs under 30 years old that create jobs.” Cycles persist, however, and “I see them coming back,” Leventhal said. Newman said, “At some point Generation Y will have kids. They can’t all afford to send their kids to private schools. Going forward, hopefully we’ll

6 Week of July 29, 2013 • FairField County Business Journal

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FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013

Housing market strength continues, report shows BY JENNIFER BISSELL jbissell@westfairinc.com

second-quarter real estate report shows continued improvement in Connecticut’s housing market. Single-family home sales statewide increased 10.5 percent last quarter compared with the same period last year and condominium home sales increased 17.6 percent, according to a report by Prudential Connecticut Realty. After a strong first half of the year, the state is off to a promising start for the remaining half of 2013, said Terence Beaty, director of Prudential’s new homes and land division. “We have a really strong position,” Beaty said. “We just need higher confidence among our buyers and these kinds of numbers are going to make that happen.” Since the third quarter of 2012, the median price of a single-family house had been slowly declining. However this quarter the trend took a positive turn. The median price of a single-family home rose 10 percent between the

first and second quarters of the year to $249,000. However, the price increase is just 2.7 percent higher than the price of a home last year. In Fairfield County, prices increased 2.2 percent year over year, to $460,000. Fairfield

their economies out of the recession and into a period of growth. But, as Connecticut has been one of the last states to exit the recession, it will likely take more time before the median prices picks up, Beaty said. A number of

Home prices in the state are still recovering at a slower rate than the national average. However, Beaty says, the state could rely on the real estate market as a leading source of growth.

also saw a 16.5 percent increase in sales. Home prices in the state are still recovering at a slower rate than the national average. However, Beaty says, the state could rely on the real estate market as a leading source of growth. Many states are seeing their real estate markets bounce back, pulling

issues still plague the state’s recovery, such as high unemployment rates, but if housing inventory rates continue to be low in the state, prices will eventually start to come around, Beaty said. Experts say median home prices will remain flat for the rest of the year in Connecticut, but good things could

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be in store for the remainder of the year. Last year, the second half of the year was stronger than the first in terms of prices, Beaty said. Among the more promising indicators for the remainder of the year is the number of pending contracts this quarter. Year over year, new deposits increased 13 percent on sold homes and 29 percent for sold condos. Fairfield County saw the biggest increase in pending contacts with a 23 percent hike in single-family homes and a 38 percent increase in condos. Beaty said the increase in condo contracts was likely because it was easier to finance a condo purchase this year compared with previous years when there was a tightened grip on borrowing and other condo regulations. The increase may also stem from the backlog of first-time homebuyers who had held off from buying before the market improved, Beaty said. “The young buyers are the ones we need to be more active,” Beaty said. “If they do that, everything else can take care of itself.”

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013

Commercial activity could offset military aerospace losses BY JENNIFER BISSELL jbissell@westfairinc.com

y the end of the year, about 7,000 fewer employees will work for the state’s largest defense manufacturer, United Technologies Corp., than at the start of 2012. In light of military budget cuts and global economic uncertainty, officials have said the company is faced with severe, near-term financial challenges, which has led to layoffs, buyouts and employee attrition. But as the defense sector continues to shrink, a new report suggests gains in the commercial aerospace sector might be enough to make up for losses in defense revenue. Due to record production of commercial aircraft, the global aerospace and defense industry actually grew overall by 5.9 percent in 2012, according to a performance study by Deloitte L.L.P., a professional services company. Commercial aircraft revenue increased 16.2 percent, or $38.4 billion, last year and growth projections predict similar results for the next several years,

according to the report. Passenger travel is expected to increase over the next 20 years and several airlines, including new operators in developing countries, are looking to buy more fuel-efficient airplanes to reduce operating costs. With rapid commercial aerospace growth, industry experts are predicting defense manufacturers will increase their focus on their commercial aerospace business units. And at UTC, which makes Pratt & Whitney jet engines in East Hartford and Sikorsky Aircraft Corp. helicopters in Stratford, the trend is obvious. Between the two companies, which both produce commercial and defense machinery, nearly 800 positions have been cut within the last two months. Yet revenue projections look bright as the companies restructure. Year-over-year net sales for UTC Aerospace Systems increased 165 percent during the second quarter of 2013, according a July 23 earnings report. In contrast, net sales increased 5 percent at Pratt & Whitney and decreased 3 percent at Sikorsky. “The commercial aerospace arena experienced almost astonishing revenue

growth,” said Tom Captain, Deloitte’s vice chairman and section leader for global aerospace and defense. “Companies in the area, whether strictly defense or military, need to go where the money is. They’ll find that the market’s natural direction will be in commercial aerospace.” By the end of 2021, the military expects to have cut spending by $487 billion under the Budget Control Act of 2011. But as the aerospace industry ramps up, additional economies of scale may be assessable for both the aerospace and defense industries, Captain said. With additional cost cutting in anticipation of defense cuts, the overall financial performance of the companies are also expected to improve. “The defense sector will work extraordinarily hard on cost structure to make equipment more affordable,” Captain said. UTC officials declined to comment on recent trends in advance of their earnings report. At General Dynamics however, Rob Doolittle, vice president of communications, said he wouldn’t go as far to say gains in commercial aircraft were enough to make up for defense losses, as Deloitte claims.

“I don’t think you can apply that global industry model across a specific company like ours,” Doolittle said. The company splits its business units into combat systems, marine systems and information technology systems. In 2012, the Virginia-based aerospace and defense company lost $2 billion in defense revenue. Yet not all the company’s business units related to defense lost revenue, or lost revenue at the same rates, Doolittle said. The company’s Groton-based Electric Boat, which manufactures submarines for the U.S. Navy, is doing very well, he said. The Navy continues to increase its submarine orders and is looking to develop a new class of ships, which Electric Boat anticipates a role in, Doolittle said. Though General Dynamics is one of the five highest-grossing companies in the aerospace and defense industry, the company is also one of the hardest hit by military budget cuts. Doolittle said the company has experienced some increased sales related to commercial aircraft, but that the structure of the company was too complex to see a large, direct benefit from the growing sector.

BEWARE Outside companies are soliciting BUSINESS JOURNAL readers for plaques and other reproductions of newspaper content without our consent. If you or your firm is interested in framing an article or award from our newspaper or obtaining a reprint of a particular story. Please contact

Marcia Rudy of Westfair Communications directly at (914) 694-3600 x3021.

10 Week of July 29, 2013 • Fairfield County Business Journal

Anatomy of an acquisition

HOW THIRD PARTIES FACILITATE A DEAL FROM BOTH THE BUY AND SELL SIDES BY MARK LUNGARIELLO mlungariello@westfairinc.com

eliable Manufacturing Co. Inc., which was based in Bloomfield, had seen many ups and downs in the aviation industry over 50 years in business. Reliable made precision parts, mainly complex components used in commercial airline engines. Mark Gregoretti, whose family owned the company, said the industry was already headed “down the toilet” at the turn of the century. Then came the Sept. 11 terrorist attacks. The company’s bottom line was losing altitude fast. Mark Gregoretti’s father, Gordon, went without taking a paycheck for a few years. The Gregorettis made tough decisions in staffing and pricing and became a better company. From the depths, the company grew stronger and had a record year in 2006. That’s when the younger Gregoretti

broached the topic of selling. At first, his father laughed off the idea, but Mark Gregoretti noted that selling from a position of strength rather than distress was the way to go. If a certain sale price could be met, his father said, then he’d be interested. Like many companies, Reliable sought a third party to facilitate the sale for them by identifying a buyer, handling negotiations and trying to keep under wraps the fact that the company was even on the market. Buyers, similarly seek someone to identify potential purchases or negotiate a deal with a specific company. Mark Gregoretti contracted Carter Morse & Mathias, a Southport-based investment bank. Step one in the sale of a company is the simple decision of when to sell, according to the firm. Often, companies are sold simply when the highest price is available. Personal and family reasons are often a deciding factor as is the need for more capital to expand or

Michael Carter

improve a company. Once the process is under way, a firm handling an acquisition must then assess the company they are selling, seeing what’s there,

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assessing value and really digging in to check financial assumptions and make sure the books are kept not only accurately but also easily understandable and accessible. “I learned more in that process than in 16 years working with my father,” Gregoretti said, noting the firm helped the company streamline financial paperwork and even create new records of parts and existing customers a potential buyer might want to see. “We never really had that, a lot of that was kept in our heads.” Finding a buyer in the world of acquisitions is not as simple as listing a “For Sale” sign on the front lawn and often requires a third party to facilitate the deal. Michael Carter, managing director of Carter Morse & Mathias, said that a company selling on its own is often faced with two simple options: calling direct competitors and offering the company for sale or putting the » Anatomy, page 12

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Anatomy — » » From page 11

company up for “broad auction” which lets the cat out of the bag terms of the privacy of the seller. What Carter does is set up a “controlled auction.” “You may be approaching five to fifteen buyers, pre-identified, prescreened,” he said. “They all have a very specific reason why they’d want to buy your company.” After identifying potential buyers domestically and internationally, a firm then undertakes a crucial and creative part of the acquisition process: marketing. Mark Gregoretti called it writing “the story of the business.” “Buyers come in and they are pretty savvy,” he said. “They are willing to spend the money, but they want to know the story, the potential.” Carter said that developing a narrative around the company is essential to maximize excitement about the company. “The objective is to generate a lot of understanding and appreciation for the company’s value,” he said. On the reverse, marketing a buyer increases

the likelihood of a deal being closed. An agency perhaps offers the most for both sides in the negotiating process. There are often terms and conditions to consider when drafting an agreement and many deal-specific minutiae are

“Buyers come in and they are pretty savvy,” he said. “They are willing to spend the money, but they want to know the story, the potential.” — Mark Gregoretti

gone over with the specificity of a legal document. Even after a deal is agreed upon, there are a lot of details to be worked out for both sides. “It’s very rare someone says, ‘Here’s $10 million, goodbye and good luck,” Carter said.

The final due diligence period arrives and it’s time to sign on the dotted line. “Something always comes up at the last moment,” Carter said. When he linked up Reliable with a buyer, for example, it was in 2008, just as the recession was taking hold. Carter was able to keep it together, according to Gregoretti, and ensured a strong final price (which was not disclosed). Gregoretti felt the price was a fair one for both sides, particularly given the economy at the time, December 2008, shortly after the collapse of Bear Stearns and Lehman Brothers. “When you get a big offer, you have to take it because it may never come again,” he said. In the end, Eastford-based Whitcraft L.L.C. acquired Reliable. Investors included Golub Capital and Ironwood Capital who provided $25 million of mezzanine funding. Gregoretti recently reached out to Carter and his group again, this time as a buyer seeking a company that fits his needs. “Selling a business gives you a perspective in this process,” he said.T:“You 7 in don’t want to buy the wrong company.”

Colt merges civilian, military entities Leading gun manufacturer Colt has reunited its defense and civilian-oriented arms after the two had operated as separate entities since 2003. Colt Defense L.L.C., which makes rifles and carbines for the military, law enforcement and sporting markets, acquired New Colt Holding Corp., the parent company of Colt’s Manufacturing Co. L.L.C., which primarily serves the civilian market. The merger was announced July 15. Despite having separate operations, both companies have been headquartered at the same space on New Park Avenue in West Hartford. The combined firm will reportedly employ 750 people, with the merger valued at $60.5 million. Colt Defense CEO Gerry Dinkel said the merger reflects the growing demand for civilian firearms, according to published reports. He said the decision was not impacted by the gun reforms enacted by the state earlier this spring. — Jennifer Bissell

This space provided by Westfair Business Publications as a public service.

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Job board, with a twist BY JENNIFER BISSELL jbissell@westfairinc.com

ooking for a job is a job within itself. Job seekers can spend days on end scrolling through job postings online, filling out applications and still not even receive a call back. However, one website hopes to do away with the old model of job boards. To help save time for both job seekers and employers, KRAZOOM has eliminated the classic keyword search function on its website. Instead of typing keywords into the site to find a job, users select which skills they have from a list and the website aggregates a list of job postings they’re most qualified for. The website collects postings from national job boards and corporate websites and divides them by industry. “Keyword search is a poor matching system,” said Henning Seip, KRAZOOM founder and Trumbull resident. The average job posting will have 20 skills requirements, such as “marketing”

or “writing,” but people only search one or two terms to find a job, Seip said. Unless they search more keywords, they won’t be able to find the jobs for which they’re most qualified. On employers’

makes it very sophisticated, but when it comes to matching information to meaning, keyword searches with one or two words creates a mismatch.” The website launched in 2009, but

“The problem that we’re trying to solve here is really complex because it’s all text based ... “Computers can’t interpret text, which is why we’re stuck with a keyword search”

— Henning Seip

end, that means sifting through a stack of unqualified applicants, making it harder to find the applicants who are the most qualified. “The problem that we’re trying to solve here is really complex because it’s all text based,” Seip said. “Computers can’t interpret text, which is why we’re stuck with a keyword search. Google

14 Week of July 29, 2013 • Fairfield County Business Journal

with the state’s recent emphasis on entrepreneurship, Seip said he’s hoping to piggyback off the state’s momentum to grow his business and take advantage of the new services available for startups. He’s currently working with the Stamford Innovation Center on further developing his business. Additionally he’s offering classes every week at the

Innovation Center to teach job seekers how to use KRAZOOM and identify which skill requirements they can fill. “It’s great,” said Peter Propp, vice president of marketing at the Innovation Center. “He can get feedback on his product and help people here in Fairfield County job search to find better jobs and be more successful when they apply.” Several hundred job seekers are actively using the site now and about six employers are using a trial version of the website to receive applications and rank them in order of who’s most qualified. In the future, Seip hopes to increase the number of employers using the website and charge them a fee. Seip, 53, first came up with the idea for the website when he came to the U.S. from Germany in the 1990s and was hired as a hiring manager. “I got so many résumés and I couldn’t sort them,” Seip said. “There’s a better way to match job seekers to jobs and employers to job seekers. Employers get a lot of resumes and they don’t know what to do.”

NEWS IN BRIEF

SEC IMPLICATES COHEN

The Securities and Exchange Commission claimed in a July 19 civil action that SAC Capital Advisors founder Steven A. Cohen “failed reasonably to supervise two of his senior employees,” who are accused of engaging in insider trading. The filing, which differs from a lawsuit that was brought in federal court, represents the first time Cohen has been formally implicated by the federal government in connection with allegations of insider trading against two former SAC Capital employees, Mathew Martoma and Michael Steinberg. Separately, the U.S. Justice Department was reportedly preparing to bring criminal charges against Cohen as of July 24. A spokesman for the Stamford hedge fund told The New York Times that Cohen “acted appropriately at all times and will fight this charge vigorously,” and cited SAC Capital’s “extensive compliance policies and procedures.” Cohen, if found guilty of the alleged violations, could face financial penalties, disbarment from the financial services industry or other penalties, according to the SEC.

HEALTH CENTER WINS GRANT

The Community Health Center of Greater Danbury has received a $112,000 federal grant to help support the training of primary care physicians as part of a program tied to the Patient Protection and Affordable Care Act (ACA). The Teaching Health Center Graduate Medical Education Payment Program, created under the ACA, promotes the training of residents specifically in community-based settings. The Danbury group was one of 32 teaching health centers across the U.S. that will share $12 million in grants announced July 19 by the U.S. Department of Health and Human Services.

NEW LEASES AT GREENS FARMS

The Offices at Greens Farms in Westport recently inked three new tenants with a fourth renewing its lease, broker Cushman & Wakefield announced. New tenants include Allianz Investment Management L.L.C., which signed a lease for 2,552 square feet; Symphony Workplaces of Connecticut L.L.C., which is leasing 17,640 square feet; and Westport Resources Management Inc., which signed on for 10,377 square feet. With Sasco Energy Partners L.L.C. renewing its 6,590-square-foot space, the activity totals more than 37,000 square feet of renewals and new deals.

The Silverman Group bought the property in February for $16 million and since then, Cushman & Wakefield representatives say the property has seen a flurry of leasing activity and tenant interest.

SHU TO FORM NURSING SCHOOL

More than 30 years since launching its nursing program, Sacred Heart University will be opening a school of nursing for the fall semester. Without raising tuition, the new des-

ignation is expected to help the program access greater resources and recognition. By transitioning into a nursing school, officials say the program will be able to increase its competitiveness both regionally and nationally. About 1,100 undergraduate and graduate students will be enrolled in the school, with about 30 full-time faculty members.

AG: RATE INCREASE UNWARRANTED

Attorney General George Jepsen says the request for a rate increase by Aquarion

Water Co. of Connecticut is excessive and unwarranted. Recently Aquarion, the largest water company in the state, filed a request with the Public Utilities Regulatory Authority (PURA) to increase rates by $33 million over three years. If approved, customers would pay about 23 percent more on their water bills over the three-year period, according to Jepsen. PURA officials will rule on the case in August. — Jennifer Bissell and Patrick Gallagher

IF WARREN BUFFETT SAID ‘BUY,’ WOULD YOU? Here’s what the Oracle of Omaha had to say in his annual letter to shareholders after Berkshire Hathaway bought 28 newspapers in 15 months:

“THE WORLD HAS CHANGED ... NEWSPAPERS CONTINUE TO REIGN SUPREME, HOWEVER, IN THE DELIVERY OF LOCAL NEWS.” “THERE IS NO SUBSTITUTE FOR A LOCAL NEWSPAPER THAT IS DOING ITS JOB” “PAPERS DELIVERING COMPREHENSIVE AND RELIABLE INFORMATION TO TIGHTLY BOUND COMMUNITIES AND HAVING A SENSIBLE INTERNET STRATEGY WILL REMAIN VIABLE FOR A LONG TIME.” That’s what the Business Journals are all about.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013 15

ASK ANDI

BY ANDI GRAY

Get the word out about your business We have two problems that I think are related. I often hear people say, “I didn’t know you did that.” And I feel like we’re guessing about what our clients need from us. It would be nice to know what clients really think about us, so we can do a better job of telling people what we do.

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16 Week of July 29, 2013 • FairField County Business Journal

THOUGHTS OF THE DAY: Communication is a two-way street. And it can be conscious or unconscious. Clients are the easiest to talk to since they already have a relationship with your company. Make sure the world knows what you do — that way people will be more likely to find you when they need your company’s product or service. Build a budget and assign activities to get the word out and make inquiries. You’re correct: the two do go hand in hand. Think of your company as having a voice, just the way people do. Your company is talking all the time about what it does. Every time you deliver on a sale, every time an invoice goes out, every phone call and every visit with vendors, prospects or clients create an opportunity to tell the story about what you do. Likewise, every contact you make creates an opportunity to gather information about how your company is perceived in the larger world. What makes your customers happy enough to get them to spend money and then rave about how satisfied they were with their purchase? You need to know the answer to that question. Know that and you’ll know what to emphasize and de-emphasize when promoting your company’s goods or services. Switch from making assumptions to inquiring about what the world wants, and why. Looking to gather intelligence? Start with information that’s already available. The government has a wealth of useful research. Go to Archives.gov, click on the search function. Check in with your local library’s research desk. You’ll be amazed at what resources are available. Want to confirm what you think you already know about your target market’s desires? Ask people who already do business with you. Put together a few questions. Call both best and worst customers.

Ask the same questions over and over. As you work to develop your company’s message, skew it to match what customers in the “best” category have to say. Think you have a good message, but not enough people are hearing or responding? That’s a common problem. Quantity is important. Marketing is about getting the message out to a broad audience and keeping it out there until your next potential customer is ready to listen. Do everything you can to reach potential buyers long before they’re ready to buy. Getting the word out to a broad audience can be relatively inexpensive thanks to Internet marketing tools. You still need a budget for marketing. Set a budget and create goals to regularly engage with the marketplace — clients, prospects and vendors. Resolve to put away five cents out of every dollar that comes in to support marketing efforts or whatever amount works for you. But be consistent. As the account balance builds up, research vendors and services that could be helpful. Ask business associates selling to similar types of customers for advice on who they’ve worked with. Look at your competitors; see if they have especially good marketing resources backing them up. Test ways to get your message received by a broad target audience. Each year look to build a few campaign tools that work and eliminate any trials that fall flat. Refine one to two ideas that have potential but haven’t yet become productive. Work on both. Refine your understanding of what buyers value about your company and get the message out to future buyers that you have what they need. Make marketing a priority and carve out time to work on it steadily. Think of marketing as the ever-expanding tool that leads to your company’s future. Looking for a good book? Try “The Market Research Toolbox: A Concise Guide for Beginners” by Edward F. McQuarrie. Andi Gray is president of Strate�y Leaders Inc., strate�yleaders.com, a business-consulting �irm that specializes in helping entrepreneurial �irms grow. She can be reached by phone at (877) 238-3535. Do you have a question for Andi? Please send it to her via email at AskAndi@Strate�yLeaders.com. Visit AskAndi. com for an entire library of her articles.

FACES CROSS-BORDER REAL ESTATE More than 200 businesspeople attended the real estate-themed “Future of Westchester and Fairfield County” event July 18, organized by Bisnow Media, a Washington, D.C.-based publisher and events producer. Sponsors included Vidaris Inc.; McGladrey L.L.P.; Holliday Fenoglio Fowler (HFF) L.P.; NAI Freidland Commercial Real Estate Services; and marketing partner Co-Communications. The setting was the grand ballroom of Hilton Stamford Hotel & Executive Meeting Center.

— Photos by Bill Fallon

1. Martha Perez, NAI Friedland. 2. Amy Ericson, national event coordinator, and Michael Farber, senior vice president, Bisnow Media. 3. Jason Bishop, vice president commercial real estate, M&T Bank. 4. Sarah Epifano, business development, Skanska USA Building Inc. 5. Celena Patterson, Kelly Services Inc. 6. Amy Fischer, marketing manager, McGladrey L.L.P. 7. McGladrey’s Anthony DiBiasi, left, and David Adelman. 8. Kate DeFeo, left, of Perkins Eastman, and Becca Neil of Argyle Project Management L.L.C. All photograph identi�ications are from left, unless otherwise noted.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013 17

THE LIST Limousines

18 Week of July 29, 2013 â&#x20AC;˘ Fairfield County Business Journal

SPECIAL REPORT

ECONOMIC DEVELOPMENT

Developer hopes to capitalize on ‘pent-up demand’ SEES STRATFORD AS UNTAPPED MARKET FOR HOUSING

Construction of the first of five apartment buildings at 1111 Stratford Ave. comes to a close. Photo courtesy of 1111 Stratford Apartments.

BY JENNIFER BISSELL jbissell@westfairinc.com

ver the last several years, Fairfield County has seen a dramatic increase in the number of new apartment complexes. Yet while the construction has mostly occurred in Stamford and Norwalk, Stratford is ready to start competing for residents too. The first of five apartment buildings at 1111 Stratford Ave. is just wrapping up construction and will be available for rent beginning Sept. 1. The building is the first new multifamily residential building in the town of Stratford in several years and developers believe it could be a catalyst for the redevelopment of the downtown. “We are proud of our commitment to redeveloping urban locations and helping to create a new and re-energized Stratford,” said Tracy Goguen, property manager at 1111 Stratford Apartments. “As far as we know, we are the only development in the town of Stratford.

Everything else has been outside the town limits and in more of a suburban location.”

“We think there’s pent-up demand for this kind of product and that’s why we’re excited. I think you’ll see new development and investments take place in this part of Stratford.” — Abe Naparstek

Once a brownfield, the building is a few blocks away from the historic

town district and a half-mile from the Stratford Metro-North train station. Rent at the complex, which will include 128 units, will start at $1,275 a month for a studio apartment. Goguen said occupancy rates for apartments in Fairfield County have held at about 96 percent and while the new activity may not be concentrated in Stratford, it could bode well for the town. With a greater pent-up demand for new apartments in Stratford, Goguen said the company is confident their buildings would meet their leasing projections. “We feel strongly that the location is very conducive to an apartment lifestyle,” Goguen said. “From here you can walk to the town center, commuter rail station and river front. And if you need to drive, Interstate 95 is just minutes away.” As more individuals and families choose to rent instead of buy, the rental market has been steadily improving nationwide since 2010. Last year, the national rental vacancy rate was 8.7 percent, the lowest level since 2001, accord-

ing to a report released by Harvard University’s Joint Center for Housing Studies. And in the Bridgeport metro region, it’s no different, according to the report, which found new rental-housing construction at an all-time high. “We’re confident that we’ll be able to fill our buildings,” said Abe Naparstek, senior vice president of East Coast Development, the apartments’ developer. “All the apartments in the Fairfield County market are full and there’s not a lot of new, quality apartments that have been built in this part of the county.” With more residents living and spending money in the area, Naparstek said he also believes the apartments could act as an economic boost for Stratford. New stores and restaurants may open up for the residents and add to the momentum, he said. “We think there’s pent-up demand for this kind of product and that’s why we’re excited,” Naparstek said. “I think you’ll see new development and investments take place in this part of Stratford.”

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013 19

Seeking a uniﬁed plan of attack for downtown Westport BY PATRICK GALLAGHER pgallagher@westfairinc.com

public commission created last year to help coordinate the evolution of Westport’s town center was set to begin meeting last week with three planning firms being considered for the drafting of a downtown master plan. The Downtown 2020 Committee is hoping for a master plan to guide what its chairman described as a somewhat disjointed collection of developments that are either planned for the downtown or are already under way. “The worst thing that you can have happen is all these projects occurring at the same time without a lot of overall operational planning,” said Chairman Louis Gagliano, a consultant in the medical device field who has lived in Westport for nearly 30 years. Those projects referenced by Gagliano include: the construction of a retail, housing and office development known as Bedford Square on Church Lane; the construction of a senior liv-

ing facility on a town-owned property known as Baron’s South; a renovation of the Westport Public Library; the relocation of the Westport Arts Center to Jesup Green; the construction of a new movie theater; and the construction of a new Levitt Pavilion for the Performing Arts along the Saugatuck River. “Balanced growth while preserving the character of the downtown is essential,” Gagliano said. He said he hopes an eventual master plan would address questions like “What does good economic development mean? ... and what are the implications of those additions on the kind of superstructure you have in the downtown area? And is that really what the community wants?” In addition to balancing any desires for preservation against the drive for development, the finalists must also incorporate a plan for how to protect against flooding, with the downtown split by the Saugatuck. The committee was scheduled to meet with Peter J. Smith & Co. Inc. of Buffalo, N.Y., July 22; RBA Group, which has an office in Norwalk, July 24; and

Milone & MacBroom Inc. of Cheshire July 31. First Selectman Gordon Joseloff formed the Downtown 2020 Committee in March 2012, and in the intervening time it has held about 46 public meetings and an additional 34 meetings with community groups to gauge the needs of the town center. It issued a request for proposals in March and selected the three finalists from seven submissions. Gagliano said the committee members, in an effort to prove there would be community support for a downtown master plan, secured $65,000 in private commitments to help fund the study. The three proposals range in cost from $168,945 to $185,000, leaving a good chunk of funding that would still need to be approved by the town Board of Finance. Joseloff said the committee has his support, but that it remains to be seen how town officials and residents will react to the plans. “I think we’re all rowing in the same direction and we want good planning for the downtown,” Joseloff said. “It’s impor-

tant to have these consultants come in and have their presentations, so people will have a better understanding of what they can offer in terms of formulating a master plan.” If a consultant is chosen and the town moves forward with a master plan for the downtown, it is not guaranteed that the privately raised funds would be accepted, Joseloff said. Even if the funds are accepted, Joseloff said language would be included in any eventual contract that would ensure the town government would be in charge of the process in concert with the Planning and Zoning Commission. While there was initially some difference in opinions between the Downtown 2020 Committee and the planning commission, any lingering issues were seemingly put to rest after the planning commission passed a May 30 resolution stating it “supports the process of the 2020 Downtown Committee and urges other elected bodies and individuals and town agencies to support the joint process as well.”

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20 Week of July 29, 2013 • FairField County Business Journal

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What Would Vacation Be Like Without Arts and Culture? There are certainly vacations that don’t involve arts and culture, but many more are centered on visiting places that have great things to do. Try to imagine what vacations — well, even weekends — would be like without museums, historic sites, theaters, concerts, galleries, zoos, aquariums and other cultural attractions. We would have to rethink the meaning of vacation all together. Vacations are often the times we slow down long enough to explore something new in a new place. On my recent vacation, within the span of a week, I learned about the careers of famous artists, heard six new bands at a street music festival, learned about how some frescoes are not really frescoes, heard the music of Bach played on a very old organ in an even older cathedral and visited a World War I memorial. Doing all of this in a week just seemed like the normal things to do on vacation. Although Fairfield County is not well-known as a vacation destination, to many it is indeed a convenient and fulfilling vacation spot. There are plenty of activities to enjoy for those who rent a house at the beach, visit relatives or make an easy getaway from New York City. Sharing arts and culture experiences with our families, partners, friends and visitors is a great way to create wonderful experiences. Solo trips to arts and culture destinations are great times for reflection and education, too. And these activities are also enjoyed by many of us “year-rounders,” who stay at home to enjoy the glory of summer in Connecticut. The term “staycation,” popularized a few years ago with the downturn of the economy, shows how rewarding it can be to take some days off to do the things close to home, with or without visitors. From Stratford to Greenwich to Danbury, there is plenty to do in Fairfield County.

Ryan Odinak Executive director Cultural Alliance of Fairﬁeld County

The mission of the Cultural Alliance of Fairfield County is to support cultural organizations, artists and creative businesses by providing promotion, services and advocacy. For more information, visit CulturalAllianceFC.org or email infoCulturalAllianceFC.org or call 256-2329. For events lists, visit FCBuzz.org.

FCBUZZ

Arts & Culture of Fairfield County

‘GO FLY A KITE’ TAKES ON ARTISTIC MEANING AT SILVERMINE Silvermine Arts Center in New Canaan announces its summer his work. He is also known for embracing contrast through his exhibition, “Kites,” a collaboration between painting pioneer use of color, texture, light and shadow. Major works can be Charles Hinman and master printer Gary Lichtenstein, found in the permanent collections of The Museum of Modern Art, the Albright-Knox Gallery and opening July 28 and running the Rockefeller Collection. In 2012, through Sept. 7. he was awarded a Guggenheim Their artistic partnership Fellowship. began in 2011 and this new series During his 30 years of continues their exploration into collaborations with many welltranslating the visual vocabulary known artists, Lichtenstein has of Hinman’s signature hard-edged established a reputation as one canvases into the realm of prints. of the most gifted printmakers By combining color and the use in the world. Integral to this is of subtle hand-embossing, they his sense of color relationships have created a suite of prints that gained from his years as a painter epitomizes the core of Hinman’s Charles Hinman’s “Suspension” of color-saturated abstractions. ideology: “Though the works at Lichtenstein began exploring the first glance appear serene and placid, they are ever-changing as the surface of the ocean or silkscreen process while at the San Francisco Art Institute and soon “recognized the collaborative potential inherent the expanse of the sky. Ever dynamic, they are ever alive.” The prints faithfully reconstruct Hinman’s paintings down in the discipline.” Lichtenstein’s work is in the collections to the inclusion of subtle lines referencing the support of many museums, including MoMA, the San Francisco systems of his three-dimensional work. As the viewer gazes Museum of Modern Art, the Smithsonian, the Art Institute of at the work, the profound complexity of the arrangements of Chicago, the International Print Center and Art Asia (Hong Kong). A Connecticut native, Lichtenstein established Gary space unfolds into a kaleidoscopic visual experience. An American pioneer of edgy canvases, Hinman challenged Lichtenstein Editions in Ridgefield, returning to his roots after the confines of the rectangle from the start. His work first working for years in California. Hinman and Lichtenstein will give an artist talk July received global acclaim in Sidney Janis Gallery’s 1964 exhibit “Seven New Artists.” As his painting progressed, his flat 30 at Silvermine, 1037 Silvermine Road. For more, visit canvases became three-dimensional, a defining element of silvermineart.org.

TIME TO ‘DREAM’ Festival! Stratford features ﬁve nights of Connecticut Free Shakespeare’s “A Midsummer Night’s Dream” under the stars July 31-Aug. 4. Ellen Lieberman, artistic director of CFS, says “A Midsummer Night’s Dream” is “Shakespeare’s most magical and romantic comedy. It’s also the play in which he tells us ‘the course of true love never did run smooth’ — and there are many lovers in this play.” The story takes place as festivities are planned for the marriage of Duke Theseus to Hippolyta, Queen of the Amazons. Two lovers elope during the night followed secretly by two lovesick admirers. They cross paths in a nearby forest with town craftsmen rehearsing a celebratory play for the duke and his bride. All are caught up in the disquiet of the fairy world resulting from a ﬁerce falling out between the fairy King Oberon and his queen, Titania. Identities are mistaken. Potions go awry. Mayhem and hilarity ensue. Ultimately, true

love prevails and all live happily ever after. Festival! Stratford takes place on the beautiful grounds of the iconic American Shakespeare Theatre, overlooking the Housatonic River Delta. In addition to the nightly main-stage production, there is jazz on the lawn each evening at 6 p.m., an Arts Marketplace, family activities and morning yoga or Zumba. The historic theater will also be open for tours and an exhibition of past productions starring Katharine Hepburn, Fred Gwynne, Will Geer and John Houseman, to name a few. Performances begin at 8 p.m., but those planning on attending should arrive early to enjoy the grounds, bring blankets or chairs for seating. Admission and parking are free for all performances. Festival! Stratford, American Shakespeare Theatre is at 1850 Elm St. in Stratford. In the event of severe weather, the program may be cancelled. Daily updated event information can be found at facebook. com/FestivalStratford.

Visit FCBuzz.org for more information on events and how to get listed.

Presented by: Cultural Alliance of Fairfield County

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013 21

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22 Week of July 29, 2013 â&#x20AC;˘ Fairfield County Business Journal

FAIRFIELD COUNTY

BUSINESS JOURNAL BANKRUPTCIES J. Frederick Construction Inc., P.O. Box 690, Brookfield, chapter 11, filed July 17. Case no. 13-51096. Assets: $500,000 to $1 million. Liabilities: $1 million to $10 million. Creditors: Big Show Construction Management $226,537, Chapin & Bangs Co. $134,426, IRS $98,654, IRS $94,053, State of Connecticut DRS $81,780, Travelers $77,567, Westrock Development L.L.C. $67,500, State of Connecticut DRS $31,056, Marino Brothers Specialty Moving $23,983, IRS $17,978, IRS $15,390, American Express $15,191, Hadco Metals Trading Company L.L.C. $14,841, O’Flynn Carpentry $14,083, Air Gas East $14,036, Lewis, Brass & Copper Co. $13,905, Desimone Consulting Engineers $13,162 and Peerless Insurance $11,850. Type of business: corporation. Debtor’s attorney: James M. Nugent. Liberty Carting Inc., 2 Hart St., Bridgeport, chapter 7, filed July 18. Case no. 13-51107. Assets: $100,001 to $500,000. Liabilities: $100,001 to $500,000. Creditors: American Tax Funding, amount not disclosed; city of Bridgeport, amount not disclosed; and SRB Servicing L.L.C., amount not disclosed. Type of business: corporation.

Items appearing in the Fairfield County Business Journal’s On The Record section are compiled from various sources, including public records made available to the media by federal, state and municipal agencies and the court system. While every effort is made to ensure the accuracy of this information, no liability is assumed for errors or omissions. In the case of legal action, the records cited are open to public scrutiny and should be inspected before any action is taken. Questions and comments regarding this section should be directed to: Bob Rozycki c/o Westfair Communications Inc. 3 Gannett Drive, Suite G7 White Plains, N.Y. 10604-3407 Phone: (914)694-3600 Fax: (914)694-3680

BUILDING PERMITS

commErciaL 197 Connecticut Avenue Associates L.P., Stamford. Fit-out an existing commercial building for The Tile Shop, 360 Connecticut Ave., Norwalk. Estimated cost: $328,000. Filed July 10. AA Building & Wrecking, contractor for Audobon Society of Connecticut. Perform interior renovations at an existing commercial building for Birdcraft Museum, 314 Unquowa Road, Fairfield. Estimated cost: $21,000. Filed July 9. All Season’s Construction L.L.C., contractor for Lexham Riverside L.L.C. Perform alterations to an existing commercial building, 274 Riverside Ave., Westport. Estimated cost: $45,000. Filed July 10. Allessandro, Trumbull, contractor for Frank Marini. Lay a foundation for a new commercial building, 61 Lindley St., Bridgeport. Estimated cost: $60,000. Filed July 11. AP Construction, Stamford, contractor for Ashforth Properties. Perform external renovations at an existing commercial building, 1 Greenwich Plaza, Greenwich. Estimated cost: $60,000. Fled July 11.

Ciocci and Sons Construction, contractor for Bridgeport Roman Catholic Church. Perform interior renovations at an existing commercial building, Notre Dame, 220 Jefferson St., Fairfield. Estimated cost: $21,000. Filed July 11. Daley Construction Co. Inc., contractor for St. Timothy’s Episcopal Church. Perform interior renovations and external additions at an existing commercial building, 4670 Congress St., Fairfield. Estimated cost: $150,000. Filed July 10. Economic Rooﬁng, Middlebury, contractor for Nadir Uyar Group L.L.C. Reroof an existing commercial building, 255 Lindley St., Bridgeport. Estimated cost: $9,597. Filed July 12. Forenet Inc., contractor for Brooklawn Country Club Inc. Add a fencing to existing fence, 500 Algonquin Road, Fairfield. Estimated cost: $30,000. Filed July 10. Gmarco Construction Services, contractor for Clearview Holdings L.L.C. Fit-out an existing commercial building for Qdoba Mexican Grill, 2226 Black Rock Turnpike, Fairfield. Estimated cost: $129,000. Filed July 15.

rESidENtiaL

Academy Hill Construction, contractor for Sandra and David Bell Atlantic Inc, contractor for Andrejecsk. Perform interior reno140 Sherman Street-Fairfield L.L.C. vations at an existing single-family Replace antennas for 12 new anten- residence, 33 Franklin St., Trumnas, Verizon Wireless, 140 Sher- bull. Estimated cost: $25,000. Filed man St., Fairfield. Estimated cost: July 15. $25,000. Filed July 10. Aesif, Michael (HIC), contractor Bronstein, Charles (HIC), con- for Marie Spadaccino. Reroof an tractor for Splash Management. existing single-family residence, 43 Perform interior additions to a Hickory St., Trumbull. Estimated commercial building, 1189 Barnum cost: $7,000. Filed July 12. Ave., Stratford. Estimated cost: $20,000. Filed July 10. Allwood Construction L.L.C., contractor for Lisa Manente. PerCapital Construction, contrac- form interior and exterior renovator for Nyala Farms Inc. Perform tions at an existing single-family alterations to an existing commer- residence, 165 Moritz Place, Faircial building, 60 Nyala Farm Road, field. Estimated cost: $78,000. Filed Westport. Estimated cost: $50,000. July 9. Filed July 12. Alves, Jennifer and Nelson Alves, Riverside. Perform interior additions at a single-family residence, 38 Breezemont Ave., Riverside. Estimated cost: $10,000. Filed July 9.

Decesare, Shannon and James DeCesare, Norwalk. Perform interior renovations at an existing single-family residence, 6 Possum Lane, Norwalk. Estimated cost: $13,000. Filed July 10.

Amato, John, Stratford. Construct a new deck at an existing singlefamily residence, 78 Sikorsky Place, Stratford. Estimated cost: $5,940. Filed July 10.

Cespedes, Deborah and Perdo Cespedes, Fairfield. Strip and reroof an existing single-family residence, 2433 Congress St., Fairfield. Estimated cost: $14,000. Filed July 11.

B and K Rooﬁng, contractor for Susan Liker. Repair roof of an existing single-family residence, 5 Echo Lane South, Sherman. Estimated cost: $10,000. Filed July 10.

Chucks Rooﬁng L.L.C., contractor for Marie Spadaccino. Reroof an existing single-family residence, 43 Hickory St., Trumbull. Estimated cost: $4,000. Filed July 11.

Babel, Erik, Stratford. Perform external additions at an existing single-family residence, 25 Maureen St., Stratford. Estimated cost: $3,800. Filed July 10.

Churchill, Amy and Nathan Churchill, Fairfield. Construct a new deck at an existing singlefamily residence, 24 Flushing Ave., Fairfield. Estimated cost: $6,000. Cook Members L.L.C., et al., Meriden. Filed by Standard Oil Filed July 11. of Connecticut Inc., Bridgeport. Plaintiff’s attorney: MatCioppa, Salvatore, Old Greenwich. thew J. Corcoran, Hamden. AcConstruct a new deck at an exist- tion: the plaintiff brought this ing single-family residence, 7 Ferris breach-of-contract suit against Drive, Old Greenwich. Estimated the defendant for failing to pay for cost: $11,000. Filed July 10. services rendered. Filed July 11. Case no. 6036508.

Bajda, John, Stratford. Perform interior renovations and reroof an existing single-family residence, 149 Regency Terrace, Stratford. Estimated cost: $17,500. Filed July 10. Beatty Builders, contractor for Betsy McDonough. Perform repairs to a single-family residence, 41 Timber Lake Road, Sherman. Estimated cost: $2,000. Filed July 9. Birchwood Corners L.L.C., Westport. Reroof an existing single-family residence, 420 Post Road West, Westport. Estimated cost: $41,000. Filed July 10. Burns, Elisabeth and Ward Burns, Fairfield. Perform interior renovations at an existing single-family residence, 431 Wilson St., Fairfield. Estimated cost: $12,000. Filed July 12. Byrne, Bob (HIC), Bridgeport, contractor for Deirdre Fahy. Perform external renovations at an existing single-family residence, 686 Courtland Ave., Bridgeport. Estimated cost: $12,000. Filed July 12. C.W. Wright Inc., contractor for Ann Nolte and Thomas Dippe. Perform alterations to an existing single-family residence, 35 Danbury Ave., Westport. Estimated cost: $75,000. Filed July 5. Caponiti, Christopher Jay, Westport. Perform additions to a single-family residence, 372 Main St., Westport. Estimated cost: $220,000. Filed July 8.

COURT CASES

BridGEPort diStrict court

Clark, Jonathan (HIC), contractor for Gina Gioffari. Reroof an existing single-family residence, 59 Charles St., Stratford. Estimated cost: $2,685. Filed July 10. Coastal Construction Group L.L.C., Fairfield, contractor for Matt Thomas. Perform additions and alterations at an existing singlefamily residence, 107 Southwood Drive, New Canaan. Estimated cost: $280,000. Filed July 11. Crane, Richard, contractor for Edward Romm. Reroof an existing single-family residence, 1930 Broadbridge Ave., Stratford. Estimated cost: $20,000. Filed July 10. Crossman, Jay, contractor for April Lynch. Reroof an existing singlefamily residence, 240 Brookbend Ave., Stratford. Estimated cost: $8,380. Filed July 10.

Identiﬁcation Products Corp., Bridgeport. Filed by CRC Information Systems Inc., Scottsdale, Ariz. Plaintiff’s attorney: Steven M. Zelman, Farmington. Action: The plaintiff brought this breach-ofcontract suit against the defendant for neglecting to pay the monthly charges on $108,687.88 pursuant to their agreement. Filed July 11. Case no. 6036515. Mountain Grove L.L.C., et al., Bridgeport. Filed by CMB Exchange L.L.C., Middlebury. Plaintiff’s attorney: Harry Hirsch, Fairfield. Action: The plaintiff brought this breach-of-contract suit against the defendant after both parties decided to terminate a lease agreement. The deposit for the lease was placed in escrow, which the defendant has neglected to release to the plaintiff. Filed July 11. Case no. 6036503.

daNBurY diStrict court

CT Basement Systems Inc., contractor for Jennifer and Kevin Ayers. Perform interior renovations at an existing single-family residence, 44 Marne Ave., Fairfield. Estimated A&A Asphalt L.L.C., et al., Shelton. Filed by Paving Maintenance Supcost: $25,000. Filed July 15. ply Inc., Chandler, Ariz. Plaintiff’s attorney: Marc L. Zaken, StamD Brown Builders L.L.C., contrac- ford. Action: The plaintiff brought tor for Paul Podolsky. Perform al- this breach-of-contract suit against terations to an existing single-fam- the defendant for failing to pay ily residence, 50 Washington Ave., $49,175.56 pursuant to their Westport. Estimated cost: $55,000. credit agreement. Filed July 11. Case no. 6012966. Filed July 12.

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FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013 23

NEWSMAKERS plus awards and events THEY’RE TOPS IN TRUMBULL The TRUMBULL CHAMBER OF COMMERCE, an aﬃliate of the thousand-member BRIDGEPORT REGIONAL BUSINESS COUNCIL, once again partnered with the TRUMBULL ECONOMIC & COMMUNITY DEVELOPMENT COMMISSION to present the 6th annual Business in Bloom Awards recently. The 11 award recipients were nominated for their commitment to grow their businesses by expanding, relocating, opening or beautifying in Trumbull. Trumbull Chamber of Commerce Chairman KATHLEEN EIGENRAUCH of TD BANK said, “The Business in Bloom winners this year all have made signiﬁcant contributions to the town of Trumbull by investing in their various businesses. Their faith in our community reinforces the fact that Trumbull is not only a great place to live but to do business as well”.

The winners were: Digital Realty on Merritt Boulevard; New Road Fitness and its association with St. Vincent’s Health Services; Serenity Body Wellness, which recently opened on Main Street; The Medical Center of Fairfield County, a project of RD Scinto Inc.; Books-A-Million, an Alabama company dating to 1917; Coffee Bean & Tea Leaf, a California company that chose Westfield Trumbull to be its first Connecticut location; Goldman Gruder & Woods L.L.C., offering real estate, litigation, bankruptcy, education and business and corporate law services; Trumbull Smiles Family Dental on Hawley Lane; OR Specialties, providing surgical services; Shearwater Coffee Roasters, brewers of artisan organic coffees; and the recently renovated Trumbull Marriott.

STAR LEADS WITH ITS HEART; FIRST COUNTY FOLLOWS Seen here are DAVID VAN BUSKIRK, business development officer, FIRST COUNTY BANK; KATIE BANZHAF, executive director of Norwalk-based STAR; and CONNIE SPEARMAN, assistant vice president and branch manager of the Westport Avenue branch of First County Bank. The STAR Rubino Family Center serves infants and children with developmental disabilities and their families from New Canaan, Norwalk, Darien, Westport, Weston and Wilton. STAR is at 182 Wolfpit Ave. in Norwalk and serves lower Fairfield County with its other offices at TEC in South Norwalk, the Rubino Family Center in Norwalk and more than 25 residential and community-based employment programs throughout Norwalk, Westport, Darien, New Canaan, Wilton, and Weston. It offers early intervention services for 200 infants and toddlers with special needs from birth to age 3. “We are thankful for years of continuous support from First County Bank,” said Banzhaf. “Their investment in our early-intervention programs for children with developmental disabilities has helped us to sustain and enhance a state recognized program of success and to provide our local Fairfield County families with the confidence and proven methods to meet the challenges of their children’s developmental needs.”

24 Week of July 29, 2013 • FairField County Business Journal

EXPERIENCED BUILDER, NEW EMPLOYER DEROSA BUILDERS L.L.C., a full-service construction company in Greenwich has hired CHRISTOPHER HOFFMAN as project manager, citing his “great knowledge and experience in the industry and area.” Hoﬀman brings with him 10 years of industry experience. His experience includes journeyman carpenter to supervising high-proﬁle projects and new builds from $10 million-$30 million.

BIG DREAMS COME IN SMALL BACKPACKS As a way to help local children go back to school with the supplies they need to succeed, CITIZENS BANK launched its annual Gear for Grades program July 22. Customers and the public can support the initiative by donating new items like pencils, folders, notebooks, rulers and other supplies at any Citizens Bank branch in Connecticut through Aug. 9. This year’s program is in partnership with the YMCA of Greater Hartford, the Valley Shore YMCA, the Wallingford YMCA and the Connecticut Association of Foster and Adoptive Parents (CAFAP) for the eﬀort. Citizens Bank is a division of RBS Citizens N.A., operating its seven-state branch network in Connecticut, Delaware, Massachusetts, New Hampshire, New York, Rhode Island and Vermont. It operates 47 branches and 125 ATMs in Connecticut. The Citizens Bank Foundation is donating 1,000 backpacks to the Gear for Grades program. “As a company committed to contributing to the health of our local communities, our Gear for Grades program is another way to show our customers that we care, while engaging them in our eﬀorts to support local children,” said NED HANDY, president, Citizens Bank and RBS Citizens, Connecticut.

O’CONNELL NAMED ONLINE ANALYTICS CHIEF FOR QUINNIPIAC

NURSE, LAWYER, PARTNER

DATES LAUNCH PAD PROMOTES BUSINESS LIFTOFF

AUG.

tuesday

Those who want to learn how to take a great idea and see if it has the potential to be a great business should consider Stamford-based WOMEN’S BUSINESS DEVELOPMENT CENTER’s “Launch Pad” business plan. Launch Pad can help you move from the “working on” stage to development, according to the WBDC. Through WBDC’s proprietary business plan guide, enrollees will learn the fundamentals of a business plan and how to start one correctly. The class is Aug. 6, 6-8 p.m. The address is 184 Bedford St., Stamford. Pre-registration is required, but there is no charge to participate. For more information: 353-1750.

A THUMB IN THE MONEY DIKE DANIEL O’CONNELL, of Cheshire, has been appointed director of analytics for QUINNIPIAC UNIVERSITY ONLINE, which delivers the school’s online academic programs. “My hope is to bring a deep and intrinsic level of analytics and business intelligence, processes and governance to QU Online,” O’Connell said. “I want to assist the organization in identifying areas of opportunity, reduce risk and increase effectiveness and efficiency.” QU Online offers two online BS degrees in nursing and health sciences. Additionally, the university offers six online graduate programs, including an MBA; a MS in organizational leadership; a MS in interactive media; an MS teacher leadership; and a Ph.D. in occupational therapy. The university also offers several options for social media training including, a social media boot camp certificate program and an advanced graduate certificate in social media as well as customized corporate training in social media.

Stamford-based attorneys RYAN RYAN DELUCA announced its newest partner, SALLY O. HAGERTY of New Canaan. Hagerty has been with the ﬁ rm since 2008 and focuses on the defense of medical malpractice cases and cases brought against hospitals and assisted living facilities as well as the defense of catastrophic personal injury cases. She received a BS in nursing from Ohio State University and holds a law degree from Ohio State’s University Moritz College of Law. She is licensed to practice law in Connecticut and Illinois and is also a registered nurse.

AUG.

thursday

SCORE FAIRFIELD COUNTY presents a free workshop titled, “Stop Leaking Cash – Simple Methods for Improving Operations,” Aug. 15, 6-8 p.m. with check-in starting at 5:30 p.m. at the Stamford Innovation Center, 175 Atlantic St., Stamford. Among the themes: Reducing costs is several times more eﬀective in increasing proﬁts than increasing sales or raising prices. Speakers include JOHN HARMON, SCORE volunteer and managing director of ADULANT CONSULTING SERVICES; Thomas F. McCabe, managing director of W.W. MENTORPRISES INC.; and Andy Jawlik, managing director at JAWLIK AND ASSOCIATES L.L.C. Register directly at scorenorwalk.org or call 831-0065.

Information for these features has been submitted by the subjects or their delegates.

Get all the executive promotions and moves, awards and snapshots we publish in the Business Journals delivered to your inbox on Monday mornings. Subscribe at WESTFAIRONLINE.COM/HOME/BREAKING-NEWS/ FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013 25

on the record Artisan’s Home Design and Builder, Ridgefield. Filed by The Ridgefield Supply Co., Ridgefield. Plaintiff’s attorney: Alfred J. Zullio, East Haven. Action: The plaintiff brought this breach-of-contract suit against the defendant for failing to pay for goods delivered amounting to $140,902.35. Filed July 12. Case no. 6012983. Covenant Construction L.L.C., Danbury. Filed by Iecony Corp., Little Ferry, N.J. Plaintiff’s attorney: Jesse A. Costa, Bridgeport. Action: The plaintiff brought this breach-of-contract suit against the defendant for failing to pay for performed services, per their agreement, amounting to $634,500. Filed July 9. Case no. 6012941.

IAG Capital Management L.L.C., Weston. Filed by The United States of America, Plaintiff’s attorney: Deirdre M. Daly, United States Attorney, New Haven. Action: The plaintiff has brought this suit for the violation of the commodity exchange act against the defendant. Filed July 12. Case no. 12cv00983. OSA Heating & Cooling L.L.C., Bridgeport. Filed by Vigilant Insurance Co., Stamford. Plaintiff’s attorney: Louis Spadaccini, Manchester. Action: The plaintiff has brought this suit of property damage against the defendant in its attempt to make repairs on the plaintiff’s property. Filed July 11. Case no. 12cv00981.

Sangamon Transportation Group, Wilton. Filed by Great Pacific Inc., Hong Kong, China. Plaintiff’s attorney: Charles E. Murphy, Southport. Action: The plaintiff has brought this breach-of-maritime 5381 Partners L.L.C., Fairfield. contract suit against the defendant Filed by Acutrack Inc., Livermore, as the plaintiff performed certain Calif. Plaintiff’s attorney: Joseph charter services for which the deA. Maker, Stamford. Action: The fendant has failed to pay the agreed plaintiff brought this breach-of- sum of $896,396. Filed July 10. contract suit against the defendant Case no. 12cv00969. for failing to pay for services performed amounting to $64,630.31. Filed July 10. Case no. 6019092.

Stamford District Court

DEEDS

Seaboard Properties Inc., Stamford. Filed by CDC Landscaping L.L.C., Rowayton. Plaintiff’s attorney: Theodore L. Freedman, Westport. Action: The plaintiff brought this breach-of-contract suit against the defendant for failing to pay for services performed amounting to $24,990.34. Filed July 15. Case no. 6019119.

SUPERIOR COURT AFNI Inc.. Filed by Krystal Bailey, Meriden. Plaintiff’s attorney: Hailey R. Gallant and Daniel S. Blinn, Rocky Hill. Action: The plaintiff has filed this suit pursuant to violation of the Fair Debt Collections Practices Act of 1978 as the defendant has made an attempt to induce the plaintiff to pay an alleged debt. Filed July 15. Case no. 12cv01004. Howmedia Osteonics Corp., New Jersey and Stryker Corp., Michigan. Filed by Anna M. Robare, New London. Plaintiff’s attorney: Scott D. Camassar. Action: The plaintiff has brought this malpractice suit against the defendant for failing to warn consumers and surgeons that the rejuvenate hip system was not properly designed, manufactured, assembled or tested. Filed July 12. Case no. 12cv00984.

COMMERCIAL 1 Wilton Road Westport L.L.C., Westport. Seller: 1 Wilton Road L.L.C., Westport. Property: 1 Wilton Road, Westport. Amount: $692,500. Filed July 9. 1876 Bronson Road L.L.C., Fairfield. Seller: F&H Bronson L.L.C., Fairfield. Property: 1876 Bronson Road, Fairfield. Amount: $1.4 million. Filed July 11. 2 St. James Place L.L.C., Norwalk. Seller: Joanne and Charles J. Schreiber, Norwalk. Property: 41 Rowayton Ave., Norwalk. Amount: $1.4 million. Filed July 5. 24 Martin Dale L.L.C., Old Greenwich, 24 Martin Dale North L.L.C., Stamford. Property: 24 Martin Dale North, Greenwich. Amount: $1.7 million. Filed July 11. 268 Milbank Avenue L.L.C., Greenwich. Seller: Amy and Frank J. Pellegrino, Greenwich; and Michelle Pellegrino, Los Angeles, Calif. Property: 268 Milbank Ave., Greenwich. Amount: $1.6 million. Filed July 12. 98 Glenwood Drive L.L.C., Greenwich. Seller: Bonnie Loopeska Johnson and Robert A. Loopeska, Greenwich. Property: 98 Glenwood Drive, Greenwich. Amount: $6.9 million. Filed July 2.

Able Construction Inc., Norwalk. Seller: Sam Wechter, Westport. Property: 12 Silent Grove, Westport. Amount: $725,000. Filed July 10. Bayview Development II L.L.C., Stratford. Seller: Edward M. Perchaluk, Guilford. Property: Lot 312 and 313, Map 2475, Stratford. Amount: $50,000. Filed July 9. Black Rock Investments L.L.C., Fairfield. Seller: Debra Ann Bretz, Fairfield. Property: 567 Judd St., Fairfield. Amount: $305,000. Filed July 9.

Arredondo, Marisa, Greenwich. Seller: 40, 44, 50 and 56 Sound View L.L.C., Greenwich. Property: 50 Sound View Drive, Unit 50B, Greenwich. Amount: $2.05 million. Filed July 8.

Blessey, Lori A. and Ralph A. Blessey, Fairfield. Seller: Leslie P. and Mark A. DeCruccio, Fairfield. Property: 541 Silver Spring Road, Fairfield. Amount: $1.05 million. Filed July 10.

Baez, Stalin, Trumbull. Seller: Haims Family Realty Co. L.L.C., Trumbull. Property: 47 Old Sawmill Road, Trumbull. Amount: $324,000. Filed July 15.

Blish, Cynthia J., Fairfield. Seller: Joann Leib, Bridgeport. Property: 20 Quinlan Ave., Bridgeport. Amount: $350,000. Filed July 9.

Town of Stratford, Seller: Katherine Odesmith, Ojai, Calif. Prop- Baker, Christine L. and Thomas erty: 1086 Essex Place, Stratford. A. McGrath III, Greenwich. Seller: Elizabeth McGready and ChristoAmount: $145,000. Filed July 10. pher J. O’Brien, Greenwich. Property: 11 Pinecroft Road, Greenwich. Amount: $2.4 million. Filed July 2.

Boggs, Jerry, Norwalk. Seller: Yvonne and Roland Brian Alonzi, Rye Brook, N.Y. Property: 5 Rae Lane, Norwalk. Amount: $575,000. Filed July 11.

North Water L.L.C., Norwalk. Seller: Jean Davis-French, Norwalk. Property: 137 Washington St., Unit A302, Norwalk. Amount: $110,000. Filed July 8. Stone Financing L.L.C., Greenwich. Seller: Amy L. and Robert M. Herbster, Greenwich. Property: 14 Powell St., Greenwich. Amount: $470,000. Filed July 2.

QUIT CLAIM

Bogus Hill L.L.C., Short Hills, N.J. Seller: Paula V. and Dominick Moliterno, 43 Bogus Hill Road, New Fairfield. Amount: $1.9 million. Bandini, Christine and Matthew Filed July 12. Bandini, Westport. Seller: Maura K. and David W. Hirschler, Boca Raton, Fla. Property: 12 Eno Lane, Bridgeport Construction & Man- Westport. Amount: $1.3 million. agement L.L.C., Norwalk. Seller: Filed July 15. US Bank Trust N.A., Houston, Texas. Property: 71 Jesse Ave., Stratford. Amount: $80,000. Filed July 12. Cacace, Lauren P. and Matthew A. Cacace, Fairfield. Seller: Frances Arlene and John Veltri, Monroe. PropCanterbury Development L.L.C., erty: 36 Partridge Drive, Monroe. Trumbull. Seller: Joan D. Burke, Amount: $410,000. Filed July 15. Bridgeport. Property: 836 Cleveland Ave., Bridgeport. Amount: $65,000. Filed July 10.

RESIDENTIAL

City of Shelton, Seller: Jill Harrington Nichols, Shelton. Property: Parcel B2, Map 11, Yukata Trail, Shelton. Amount: $5,000. Filed July 8.

Abdelrahman, Abdel, Woodbury, Mass. Seller: Sharp Capital Investment L.L.C., Stratford. Property: 236 Stevenson Road, Fairfield. Amount: $475,000. Filed July 12.

Five Star Holdings L.L.C., New Rochelle, N.Y. Seller: Donna D. Gelin, Bridgeport. Property: 389 Alam, Jinat and Mohammad A. Catherine St., Bridgeport. Amount: Alambhuto, Bridgeport. Seller: Aurea B. Ortiz, Rio de Janeiro, Brazil. $107,000. Filed July 9. Property: 54 Brookfield Ave., Fairfield. Amount: $316,000. Filed July 9. GG&CC Properties L.L.C., Hamden. Seller: Frederic M. DiVincenzo, Bridgeport. Property: 409 Alavi, Mehboob M., Stamford. Noble Ave., Bridgeport. Amount: Seller: Mumtaz F. and Furkan A.R. Kudia, Easton. Property: 215 $115,000. Filed July 10. Charles St., Unit 210, Bridgeport. Amount: $28,500. Filed July 8. Giaccobe Construction L.L.C., Bridgeport. Seller: Marie E. Clark, Trumbull. Property: 193 Fern- Albright, Ronald, Norwalk. Seller: wood Road, Trumbull. Amount: Tun Smith, Cherry and Scott Kelsey Smith, Norwalk. Property: 4 Lowe $200,000. Filed July 9. St., Unit 302, Norwalk. Amount: $256,000. Filed July 9. Legacy Birchwood L.L.C., Greenwich. Seller: Eve A. and Jonathan Mothner, Greenwich. Property: American International Reloca50 Porchuck Road, Greenwich. tion Solutions Inc., Pittsburgh, Amount: $2.2 million. Filed July 2. Pa. Seller: Elizabeth and Carl Gish, Greenwich. Property: 5 Jofran Lane, Greenwich. Amount: $2.7 million. Marlitz L.L.C., Bridgeport. Seller: Filed July 2. Elena Voulgaris, Shelton. Property: 153 Heather Ridge, Shelton. An, Nan, Norwalk. Seller: Diedrich Amount: $102,000. Filed July 3. Hohn Jr., Norwalk. Property: 71 Aiken St., Unit C6, Norwalk. Amount: MG International L.L.C., Stam- $300,000. Filed July 11. ford. Seller: David C. Belport, Norwalk. Property: 50 Aiken St., Unit 164, Norwalk. Amount: $248,000. Filed July 12.

26 Week of July 29, 2013 • Fairfield County Business Journal

Bolmer, Ryan, Newtown. Seller: Aileen Wlasuk, Newtown. Property: Parcel A, Map 5753, Newtown. Amount: $215,000. Filed July 12.

Bakes, Jean M. and George D. Bakes, New Canaan. Seller: Lindsay L. and Christopher P. Bell, Fairfield. Property: 1463 Black Rock Turnpike, Fairfield. Amount: $310,000. Brownlee, Corinne, Bethel and Jason Snopkoski, Danbury. Seller: Filed July 15. Kathy S. and James A. Snopkoski, Danbury. Property: 12 Catherine Bardani, Carolyn L. and William St., Danbury. Amount: $235,000. J. Bardani, Easton. Seller: Marcy Filed July 10. and Tal Oren, Easton. Property: 38 Soundview Drive, Easton. Amount: Brudner, Mae and Edward Namath, $660,000. Filed July 12. Wilton. Seller: Barbara and Richard Cunningham, Wilton. Property: 41 Batten, Timothy, Norwalk. Seller: Canterbury Lane, Wilton. Amount: Jerome O. Edwards, Norwalk. Prop- $769,000. Filed July 15. erty: 97 Richards Ave., Unit A13, Norwalk. Amount: $255,000. Filed Bundy, Kristin P. and Elliott C. July 11. Bundy, Rye, N.Y. Seller: Rae P. Pittman, New Canaan. Property: Becker, Carol A., Milford. Seller: 132 Pequot Lane, New Canaan. Johanne C. Dressel, Southport. Amount: $1 million. Filed July 15. Property: 74 Southport Woods Road, Southport. Amount: Burke Gilliam, Sherron and Glen $435,000. Filed July 9. Gilliam, Bridgeport. Seller: Federal National Mortgage Association, Benevento, Kathleen Z. and Washington, D.C. Property: 720 Thomas S. Benevento, Darien. Clinton St., Bridgeport. Amount: Seller: Trina S. and Rolf G. John- $133,175. Filed July 9. son, Darien. Property: 6 Maple St., Darien. Amount: $715,000. Filed July 3.

FORECLOSURES

Benoit, Evangeline M., Brookfield. Seller: 9 Good Hill Road L.L.C., Danbury. Property: 6 Berkshire Drive, Danbury. Amount: $258,000. Filed July 11.

Ceja, Maria and Jose Lara, et al. Creditor: Bank of America N.A., Plano, Texas. Property: 40 Cottage St., Bridgeport. Mortgage default. Filed July 10.

Bibb, Amy and Craig Bibb, Greenwich. Seller: Jennifer and Frank J. Conley, Wilton. Property: 9 Forge Road, Wilton. Amount: $1.3 million. Filed July 9.

Corridor, Carol J. Creditor: JPMorgan Chase Bank N.A., San Diego, Calif. Property: Shelton. Mortgage default. Filed July 5.

Bicher, George, Greenwich. Seller: Stephen C. Kane, Greenwich. Property: 85 Sherwood Place, Unit E, Greenwich. Amount: $1.6 million. Filed July 11.

Espinoza, Nelly; Alicia Plaza and Maria Delcarmen Plaza. Creditor: Deutsche Bank National Trust, trustee, West Palm Beach, Fla. Property: 44 Wing St., Bridgeport. Mortgage default. Filed July 10.

Big View Real Estate L.L.C., Darien. Seller: Elizabeth A. and Sean Stevens, Darien. Property: 4 Palmer Lane, Darien. Amount: $925,000. Filed July 3.

Krajewski, Joell. Creditor: Wells Fargo Bank N.A., Fort Mill, S.C. Property: 77 Geissler Drive, Shelton. Mortgage default. Filed July 5.

on the record Kupecky, David, et al. Creditor: HSBC Bank USA N.A., Mount Laurel, N.J. Property: 32 Patterson Ave., Unit 32, Stratford. Mortgage default. Filed July 9. Levya Barrera, Maria G. and Henry Barrera. Creditor: Suntrust Mortgage Inc., Richmond, Va. Property: 5 Delaware Ave., Norwalk. Mortgage default. Filed July 8. Lyons-Gibson, Lois M. Creditor: Citimortgage Inc., O’Fallon, Mo. Property: 41 Newman Place, Fairfield. Mortgage default. Filed July 10. Miller, Marilyn Maffucci. Creditor: Washington Mutual Bank, Medotta Heights, Minn. Property: 361 Alma Drive, Fairfield. Mortgage default. Filed July 10. Pirro, Maria C. and Edward A Pirro Jr. Creditor: Citimortgage Inc., O’Fallon, Mo. Property: 21 White Birch Road, Redding. Mortgage default. Filed July 11. Salk, Nancy B. Creditor: Chase Home Finance L.L.C., Westerville, Ohio. Property: 41 Wilton Crest, Wilton. Mortgage default. Filed July 10. Whatley, Kevin, et al. Creditor: Bank of America N.A., Plano, Texas. Property: 24 Jackson Ave., Stratford. Mortgage default. Filed July 9.

FORECLOSURES BY SALE Estrada, Maria, Bayshore, N.Y. Appointed committee: Joseph P. Nucera, Bridgeport. Property: 44 to 46 Clinton Ave., Bridgeport. Amount: $23,500. Docket no. FBT 12cv6027465S. Filed July 8. Rich, Thomas D., Stratford. Appointed committee: Athan S. Milhalakos, Bridgeport. Property: 21 Nob Hill Circle, Unit 107, Bridgeport. Amount: $20,250. Docket no. FBT 12cv6028441S. Filed July 10.

Almazan, Rosa L., Bridgeport. $1,063.94, in favor of Capital One N.A., Richmond, Va., by Russell L. London, Newington. Property: 1661 Reservoir Ave., Bridgeport. Filed July 8. Blanchette, Brian, Bethel. $3,727.93, in favor of Midland Funding L.L.C., San Diego, Calif., by Robert E. Johnson, East Hartford. Property: 4 Old Hawleyville Road, Bethel. Filed July 15. Bohnec, Kenneth, Trumbull. $6,321.19, in favor of Midland Funding L.L.C., San Diego, Calif., by Robert E. Johnson, East Hartford. Property: 10 Dalecot Drive, Trumbull. Filed July 11. Bolling, Linda, Stratford. $1,202.78, in favor of Midland Funding L.L.C., San Diego, Calif., by Robert E. Johnson, East Hartford. Property: 29 Priscilla Lane, Stratford. Filed July 15. Burke, Peter A., Norwalk. $16,158.14, in favor of Yankee Gas Services Co., Berlin, by Alexander G. Snyder, Waterbury. Property: 5 Bow End Road, Norwalk. Filed July 8. Caro, Kristin, Brookfield. $2,644.35, in favor of Midland Funding L.L.C., San Diego, Calif., by Robert E. Johnson, East Hartford. Property: 184 Long Meadow Hill Road, Brookfield. Filed July 12. Clancy, Barbara, Norwalk. $43,822.23, in favor of American Express FSB, New York City, by Joseph M. Tobin, New Haven. Property: 15 Rowayton Woods Drive, Norwalk. Filed July 8. Cyr, Michelle and Gerald A. Cyr, Brookfield. $1,308, in favor of Bridgeport Hospital, New Haven, by Nair & Levin P.C., Bloomfield. Property: 35 Sunset Hill Road, Brookfield. Filed July 12. Damraska, Jumphon, Bethel. $982.30, in favor of Danbury Hospital, Danbury, by Robert E. Johnson, East Hartford. Property: 6 Meadow Lane, Bethel. Filed July 11.

Dapp, Frederick, Stratford. $3,275.49, in favor of LVNV Funding L.L.C., Greenville, S.C., by Julie Erickson, Donald, Danbury. B. Solomon, Albany, N.Y. Property: $1,184, in favor of Danbury Hos- 123 Seymour St., Stratford. Filed pital, Bethel, by Robert E. Johnson, July 12. East Hartford. Property: 11 Acre Drive, Danbury. Filed July 11.

JUDGMENTS

Deep, Joseph III, Bethel. $1,070.40, in favor of Silver Hill Hospital Inc., New Canaan, by Robert E. Johnson, East Hartford. Property: 58 Grassy Plain St., Bethel. Filed July 15.

Jeffers, Deon, Bridgeport. $1,295.85, in favor of Cach L.L.C., Denver, Col., by Joseph M. Tobin, New Haven. Property: 311 E. Pasadena Place, Bridgeport. Filed July 8.

DeNatale, Jeanine and Damian DeNatale, Danbury. $536.10, in favor of Western Connecticut Medical Group, Danbury, by Robert L. Peat, Danbury. Property: 29 Cherokee Drive, Danbury. Filed July 8.

Lee, Virginia, Trumbull. $8,790.29, in favor of Midland Funding L.L.C., San Diego, Calif., by Robert E. Johnson, East Hartford. Property: 36 Rutlee Drive, Trumbull. Filed July 11.

Dimbo, David, Bridgeport. $810.46, in favor of Capital One N.A., Richmond, Va., by Russell L. London, Newington. Property: 353 Old Town Road, Bridgeport. Filed July 8.

Lucksy, James, Bethel. $350.07, in favor of Connecticut Family Orthopedics, Ridgefield, by Jeffrey T. Schuyler, New Britain. Property: 50 Whippoorwill Road, Bethel. Filed July 15.

Dunlap, Brenda, Weston. $11,987.30, in favor of Fairfield County FCU, Stamford, by Robert C. Lubus Jr., Waterbury. Property: 141 Georgetown Road, Weston. Filed July 12.

Lynch, Lisa, Danbury. $2,574.13, in favor of Danbury Hospital, Bethel, by Robert E. Johnson, East Hartford. Property: 31 Lawncrest Road, Danbury. Filed July 11.

Ferreira, Valteir, Danbury. $1,500, in favor of Danbury Hospital, LEASES Bethel, by Robert E. Johnson, East Hartford. Property: 13 Peace St., New Cingular Wireless PC L.L.C., Danbury. Filed July 11. by Eric E. Schneider. Landlord: Suzanne J. and Michael J. Berger, SherFrate, Ronald Jr., Newtown. man. Property: 10,000 square feet, $1,321.19, in favor of Danbury Map 1488, Coote Hill Road, SherHospital, Bethel, by Robert E. John- man. Term: five years, commencing son, East Hartford. Property: 56 May 29, 2013. Filed July 10. Bears Hill Road, Newtown. Filed July 12. Geraghty-Anastasi, Nancy, Newtown. $3,020.14, in favor of Eder Brothers Inc., West Haven, by Stuart A. Margolis and David R. Pegnataro, New Haven. Property: 32 Jeremiah Road, Newtown. Filed July 15. Hagan, Kerry, Ridgefield. $461.64, in favor of Western Connecticut Medical Group, Danbury, by Robert L. Peat, Danbury. Property: 14 Bobby’s Court, Ridgefield. Filed July 5. Jack, Andrew W., Shelton. $2,266.03, in favor of Cypress Financial Recoveries L.L.C., Oceanport, N.J., by Robert E. Johnson, East Hartford. Property: 5 Naugatuck Ave., Shelton. Filed July 5.

LIENS

FEDERAL TAX LIENSFILED Campbell, Donnetta W., 29 Cross Highway, Westport. $37,570.86, tax debt on income earned. Filed July 15. Ciganik, Dusan, 74 Cheesespring Road, Wilton. $75,204.85, tax debt on income earned. Filed July 15. Davis, Jacqueline D. and Jon B. Davis, 1427 Fairfield Beach Road, Fairfield. $40,092.36, tax debt on income earned. Filed July 15.

Devito, James R., 22 Oak Ridge Jaques, Jackie, Norwalk. Road, Westport. $34,162.40, tax debt $36,094.94, in favor of Norwalk on income earned. Filed July 15. Hospital Association, Norwalk, by Christopher J. Jarboe, Norwalk. Property: 14 St. Mary’s Lane, Nor- Drywall Construction Corp., 3425 Huntington Turnpike, Stratwalk. Filed July 10. ford. $55,266.48, payroll taxes and quarterly tax returns. Filed July 15.

Ehrsman, Elizabeth and Frederick F. Ehrsman, 5536 Main St., Trumbull. $2,772.50, tax debt on income earned. Filed July 15.

Pappakosmas, Lambrine and Ioannis Pappakosmas, 103 Twin Oak Lane, Wilton. $39,162.57, tax debt on income earned. Filed July 12.

Esse, Terilyn B. and Todd W. Esse, 421 Sasco Hill Road, Fairfield. $103,456.63, tax debt on income earned. Filed July 15.

Rubino, Florence M., 28 Fleetwood Drive, New Fairfield. $42,926.13, tax debt on income earned. Filed July 15.

Fitzpatrick, Christopher M., 48 Second Ave., Stratford. $77,687.60, tax debt on income earned. Filed July 15.

Schaub, Sherwood A. Jr., 119 Cross Ridge Road, New Canaan. $8,039.02, trust fund recovery penalty and/or excise taxes imposed. Filed July 11.

Gojkovich, Mary and Paul Gojkovich, 238 Greens Farms Road, Westport. $723,852.55, tax debt on income earned. Filed July 15. Hewitt, Paul D., 12 Mackenzie Circle, Sandy Hook. $8,956.61, tax debt on income earned. Filed July 11. Interlude Furniture L.L.C., 25 Trefoil Drive, Trumbull. $7,192.72, failure to file, or file correct information returns and payroll taxes. Filed July 11.

Spears, Reginald, 55 Shell St., Building 2, Apt. 614, Bridgeport. $24,355.27, tax debt on income earned. Filed July 9. Tenore, Anthony J., 12 Werf Drive, Redding. $56,981.36, tax debt on income earned. Filed July 15. Tenore, Anthony J., 12 Werf Drive, Redding. $90,948, tax debt on income earned. Filed July 15.

Tracy, Marjory, 12 Crestwood Johnston, Jay A., 470 N. Maple Lane, Easton. $27,996.30, tax debt Ave., Greenwich. $14 million, tax on income earned. Filed July 15. debt on income earned. Filed July 5. Kavallines, James, 24 East Ave., Unit 274, New Canaan. $4,664.03, tax debt on income earned. Filed July 11. Lepore, Francis, 58 Gate Ridge Road, Fairfield. $159,169, tax debt on income earned. Filed July 15. Licherini, Dana V. and Gary J. Pugliese, 2470 Huntington Turnpike, Trumbull. $21,224.77, tax debt on income earned. Filed July 15. Lynch, C. T., 21 Maplewood Ave., Westport. $23,349.16, tax debt on income earned. Filed July 15. Morrell, Virginia and Albert Morell, 16 Driftway Road, Danbury. $8,443.56, tax debt on income earned. Filed July 8. Muscat, Victor Trust, 41 W. Elm St., Greenwich. $10,692.03, tax debt on income earned. Filed July 5. Paige, Frederick Jr., 815 Huntington Turnpike, Stratford. $14,956.18, tax debt on income earned. Filed July 11.

Tyler, Jean A., 203 Jockey Hollow Road, Monroe. $411,278.56, tax debt on income earned. Filed July 11. W. Kimball Inc., 99 Hanover Road, Newtown. $15,840.91, tax debt on income earned. Filed July 15. Winsor, Barbara, 175 Old Post Road, Fairfield. $46,383.20, tax debt on income earned. Filed July 15.

FEDERAL TAX LIENSPARTIAL RELEASE Miller, Maria E. Only, 5 Kearn Road, New Fairfield. $84,158.76, tax debt on income earned. Filed July 15. Miller, Maria E. Only, 5 Kearn Road, New Fairfield. $6,214.34, tax debt on income earned. Filed July 15.

FEDERAL TAX LIENSREFILE NOTICE Hare, Charles E., 39 Hudson St., Bridgeport. $41,179.33, tax debt on income earned. Filed July 9.

THE RECORDS SECTION IS NOW AVAILABLE BY DIGITAL SUBSCRIPTION. Go to westfaironline.com/buy/records-section/ for more information and to view a sample.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013 27

on the record FEDERAL TAX LIENSRELEASED

MECHANIC’S LIENSFILED

Barrette, Frances M., 8 Cross Lane, Chow, Pui C. and Kenneth Hom, Apt. R, Cos Cob. $23,185.12, tax Norwalk. Filed by East Haven debt on income earned. Filed July 3. Builders Supply-US LBM L.L.C., East Haven, by Alexander Pilagin. Property: 5 Pequot Ave., Fairfield. Blake, Christopher, 1244 Dalvia $25,666. Filed July 15. St., Stratford. $6,894.37, tax debt on income earned. Filed July 11. CPP 409 Greenwich Avenue L.L.C., Greenwich. Filed by All Star Boseja, Robert, 889 Grand St., Concrete Services L.L.C., StoningBridgeport. $7,481.37, tax debt on ton, by Susan R. Bove. Property: income earned. Filed July 9. 407 Greenwich Ave., Greenwich. Amount: $20,666.05. Filed July 3. Conti, Bartholomew W., 44 School St., Apt. 1, Fairfield. $15,503.05, tax Pierwola, Frances M., Fairfield. debt on income earned. Filed July 15. Filed by JK Home Improvement, by John Kantorowski. Property: 1329 Falco, Joseph S., 4 Brunswick Field, Bronson Road, Fairfield. Amount: Greenwich. $8,573.21, tax debt on $47,057. Filed July 11. income earned. Filed July 11. Falvella, Mary D., 29 Griffith Road, Riverside. $497,150.26, tax debt on income earned. Filed July 15. Flower, Jeannine and Andrew Flower, 244 Compo Road South, Westport. $195,381.57, tax debt on income earned. Filed July 11. Jerrell, Patricia, 8 Haviland St., Apt. 8C, Norwalk. $8,052.83, tax debt on income earned. Filed July 12. Lendenmann, Maryann and Karl W. Lendenmann, 95 Indian Head Road, Greenwich. $407,291.43, tax debt on income earned. Filed July 11.

MECHANIC’S LIENSRELEASED AK Homes L.L.C., Ridgefield. Filed by Stateline Construction L.L.C., Brookfield, by John Gereg. Property: 319 Wilton Road, Ridgefield. Amount: $3,445. Filed July 9. AK Homes L.L.C., Ridgefield. Filed by Rowland & Sons Steel Corp., Brookfield, by Christopher Rowland. Property: 319 Wilton Road, Ridgefield. Amount: $1,870. Filed July 9.

Alfano, Cynthia and John H. Alfano Jr., et al., Stratford. Filed by Joshua Pedreira, Hartford, for Bank of America N.A., Charlotte, N.C. Property: 42 Howard St., Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $192,800, dated July 2007. Filed July 9.

Bouchard, Linda, et al., Brookfield. Filed by Joshua Pedreira, Hartford, for The Bank of New York Mellon, trustee, New York City. Property: 54 Ironworks Hill Road, Brookfield. Action: to foreclose a delinquent mortgage in the original principal amount of $282,500, dated August 2006. Filed July 9.

Andriolas, Maria and Nicholas Adam, et al., Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for the city of Bridgeport WPCA. Property: 375 to 379 Park Ave., Bridgeport. Action: to foreclose on sewer liens. Filed July 9.

Bouilly, Delice and Marie Bouilly, et al., Bridgeport. Filed by Jeffrey M. Knickerbocker, Hartford, for The Bank of New York Mellon, trustee, New York City. Property: 63 to 65 Ashley St., Bridgeport. Action: to foreclose a delinquent mortgage in the original principal amount of $331,200, dated October 2005. Filed July 9.

ATFH Real Property L.L.C., et al., Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for the city of Bridgeport WPCA. Property: 377 Nichols St., Bridgeport. Action: to foreclose on sewer liens. Filed July 10. Azevedo, Paulo R., et al., Danbury. Filed by Adrienne Roach, Hartford, for JPMorgan Chase Bank N.A., Columbus, Ohio. Property: 166 Old Brookfield Road, Unit 342, Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $210,000, dated May 2005. Filed July 11. Barrios, Zenon, et al., Bridgeport. Filed by James W. Donohue, Farmington, for The Bank of New York Mellon, trustee, New York City. Property: 1634 North Ave., Bridgeport. Action: to foreclose a delinquent mortgage in the original principal amount of $252,000, dated April 2006. Filed July 10.

Wahl L.L.C., Greenwich. Filed by Ring’s End Inc., Darien, by Kelvin Tyler. Property: 22 Stillman Lane, Lenderman, Mary Ann and Karl Unit 29, Greenwich. Amount: Bermudez, Hector, et al., Bridgeport. Filed by Adrienne Roach, Lenderman, 95 Indian Head Road, $17,258.04. Filed July 12. Hartford, for Beneficial Financial Greenwich. $67,799.66, tax debt on I Inc., Mettawa, Ill. Property: 580 income earned. Filed July 11. Hallett St., Bridgeport. Action: to LIS PENDENS foreclose a delinquent mortgage in the original principal amount of Lopez, Gabriela and Ramon Lopez, 36 Newtown Ave., Norwalk. Acosta, Sylvia E., et al., Danbury. $171,000, dated May 2006. Filed $10,605.35, tax debt on income Filed by Erik Loftus, East Hartford, July 9. earned. Filed July 12. for PHH Mortgage Corp., Mount Laurel, N.J. Property: 11 John Perry Bisset, Megan K. and Alfred S. Purcell Moving Corp., 7 Brookside Drive, Danbury. Action: to foreclose Bisset, et al., Newtown. Filed by Place, Westport. $5,987.68, payroll a delinquent mortgage in the origi- Enrico R. Costantini, Milford, for nal principal amount of $207,567, Astoria Federal Savings & Loan Astaxes. Filed July 11. dated March 2000. Filed July 8. sociation, Mineola, N.Y. Property: 11 Miya Lane, Newtown. Action: Shay, Vanessa and Christopher J. to foreclose a delinquent mortgage Adams, Ruby; Sara Bennett; CarShay, 31 Hudson Drive, New Fairin the original principal amount of olyn Murray; Jessie M. Willis and field. $32,553.92, tax debt on in$90,000, dated October 2005. Filed Jerry Bates, et al., Bridgeport. Filed come earned. Filed July 15. by Marsha S. Beckford, Bridgeport, July 15. for Coachlight Square Association Tallman, Rebecca and Jude S. Tall- of Bridgeport Inc., Bridgeport. Bookless, Mary Elizabeth and man, 101 Taintor Drive, Southport. Property: 333 Vincellette St., Unit William T. Bookless, et al., New $30,032.70, tax debt on income 69, Bridgeport. Action: to foreclose Fairfield. Filed by Amy L. Harrison, on a unit statutory lien. Filed July 9. Farmington, for Beneficial Finanearned. Filed July 15. cial I Inc., Mettawa, Ill. Property: 14 Fieldstone Drive, New Fairfield. Weiss, Elizabeth and Jeffrey Sil- Aguilar, Carlos, et al., Bridgeport. Action: to foreclose a delinquent verman, 25 Langner Lane, Weston. Filed by Steven G. Berg, Norwalk, mortgage in the original principal $25,214.53, tax debt on income for Nob Hill Condominium Assoamount of $394,195.68, dated Auciation Inc., Bridgeport. Property: earned. Filed July 15. 217 Pennsylvania Ave., Unit 141, gust 2006. Filed July 12. Bridgeport. Action: to foreclose on unpaid common charges and assessments. Filed July 8.

28 Week of July 29, 2013 • Fairfield County Business Journal

Bryson, Tara A. and James L. Kuretich, et al., Danbury. Filed by Jeffrey M. Knickerbocker, Hartford, for U.S. Bank N.A., trustee, Salt Lake City, Utah. Property: 9 Pondside Way, Unit 8, Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $455,220, dated August 2005. Filed July 9. Burns, Lisa M. and Steven E. Burns, Trumbull. Filed by Jeffrey M. Knickerbocker, Hartford, for Bank of America N.A., Charlotte, N.C. Property: 59 Ridgeview Ave., Trumbull. Action: to foreclose a delinquent mortgage in the original principal amount of $365,500, dated September 2010. Filed July 9. Calle, Yenny M. and Henry Calle, et al., Norwalk. Filed by Jeffrey M. Knickerbocker, Hartford, for The Bank of New York Mellon, trustee, New York City. Property: 1 Linden St., Apt. C9, Norwalk. Action: to foreclose a delinquent mortgage in the original principal amount of $272,000, dated September 2011. Filed July 5. Carcusa, Neil and Matthew Regula, et al., Bridgeport. Filed by Joshua Pedreira, Hartford, for The Bank of New York Mellon, trustee, New York City. Property: 21 to 23 Jetland Place, Bridgeport. Action: to foreclose a delinquent mortgage in the original principal amount of $250,000, dated August 2005. Filed July 10. Carryl, Erica E. and Dwain A. Carryl, et al., Norwalk. Filed by Kenneth J. Pollock, Hartford, for Pennymac Loan Services L.L.C., Moorepark, Calif. Property: 32 Juhasz Road, Norwalk. Action: to foreclose a delinquent mortgage in the original principal amount of $661,600, dated July 2007. Filed July 8.

Ceja, Maria and Jose Lara, et al., Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for the city of Bridgeport WPCA. Property: 40 Cottage St., Bridgeport. Action: to foreclose on sewer liens. Filed July 10. Checuti, Joseph, Ridgefield. Filed by James W. Donohue, Farmington, for Everbank, Jacksonville, Fla. Property: 34 Crest Road, Ridgefield. Action: to foreclose a delinquent mortgage in the original principal amount of $90,000, dated September 1990. Filed July 5. Chiarilli, Tami L. and Christopher Chiarilli, et al., Fairfield. Filed by Kristen Boyle, Hartford, for Bank of America N.A., Charlotte, N.C. Property: 305 Taunton Road, Fairfield. Action: to foreclose a delinquent mortgage in the original principal amount of $1.01 million, dated November 2008. Filed July 15.

Cucco, Salvatore F., et al., Newtown. Filed by Jeffrey M. Knickerbocker, Hartford, for Wells Fargo Bank N.A., Frederick, Md. Property: 2 Beagle Trail, Newtown. Action: to foreclose a delinquent mortgage in the original principal amount of $361,000, dated June 2004. Filed July 11. Currun, Thomas W. Jr., Shelton. Filed by Lauramarie Sirois, Farmington, for L’Hermitage Condominium Association Inc., Shelton. Property: 24 L’Hermitage Drive, Shelton. Action: to foreclose on an association lien. Filed July 8. DDW III L.L.C., Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for the city of Bridgeport WPCA. Property: 9 to 9 1/2 Armstrong Place, Bridgeport. Action: to foreclose on sewer liens. Filed July 10.

Denek, Jerzy and Danuta Denek, et al., Fairfield. Filed by Joshua Clark, Elyse L.; Susan and Michael Pedreira, Hartford, for OneWest Larson, et al., Newtown. Filed by Bank F.S.B., Pasadena, Calif. PropErik Loftus, East Hartford, for The erty: 370 Knapps Highway, Unit Bank of New York, New York City. B8, Fairfield. Action: to foreclose a Property: 4 Glenmor Drive, New- delinquent mortgage in the origitown. Action: to foreclose a de- nal principal amount of $239,447, linquent mortgage in the original dated November 2007. Filed July 10. principal amount of $1.7 million, dated April 2006. Filed July 15. Deutsche Bank National Trust, Danbury. Filed by Christopher K. Cope, Evelyn R. and Spyros K. Leonard, Danbury, for Town Hill Cope, et al., Stratford. Filed by Manor Condominium Association Robert N. Sensale, New Haven, for Inc., Danbury. Property: 33 Town American Tax Funding L.L.C., Jupi- Hill Ave., Unit 15, Danbury. Action: ter, Fla. Property: Stratford. Action: to foreclose a statutory lien on this to foreclose on past-due sewer and unit. Filed July 3. tax liens. Filed July 12. Cormier, Debra and Estate of Michael E. Cormier, et al., Stratford. Filed by Jeffrey M. Knickerbocker, Hartford, for Wells Fargo Bank N.A., Frederick, Md. Property: 215 Franklin Ave., Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $248,000, dated May 2007. Filed July 9.

Dew, James A., et al., Stratford. Filed by Robert N. Sensale, New Haven, for American Tax Funding L.L.C., Jupiter, Fla. Property: 165 Peters Lane, Stratford. Action: to foreclose on past due tax liens. Filed July 12.

Dwyer, Marsha, et al., Stratford. Filed by Robert N. Sensale, New Haven, for American Tax Funding L.L.C., Jupiter, Fla. Property: 1887 Costello, Jane T. and Francis R. Broadbridge Ave., Stratford. Action: Costello, Westport. Filed by Paul A. to foreclose on past-due sewer and DeGenaro, Stamford, for People’s tax liens. Filed July 12. United Bank, Bridgeport. Property: 16 N. Ridge Road, Westport. Action: to foreclose a delinquent mortgage Etzold, Dania S. and Nicholas in the original principal amount S. Komenda, Trumbull. Filed by Valerie A. Finney, Farmington, for dated July 2004. Filled July 12. JPMorgan Chase Bank N.A., Columbus, Ohio. Property: 1030 Old Craughwell, Thomas J., Bethel. Town Road, Trumbull. Action: to Filed by James W. Donohue, foreclose a delinquent mortgage in Farmington, for Household Realty the original principal amount of Corp., Dayton, Ohio. Property: 28 $165,938, dated May 2010. Filed Rockwell Road, Bethel. Action: to July 11. foreclose a delinquent mortgage in the original principal amount of $363,364.42, dated August 2005. Filed July 12.

on the record Fava, Marie A. and Anthony R. Fava, et al., Danbury. Filed by Christopher R. Thompson, Farmington, for CitiMortgage Inc., O’Fallon, Mo. Property: 16 Hayestown Road, Unit 4103, Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $417,000, dated March 2008. Filed July 9.

Gale, Howard R., et al., Ridgefield. Filed by Adrienne Roach, Hartford, for Ocwen Loan Servicing L.L.C., West Palm Beach, Fla. Property: 25 Waters Edge Way, Ridgefield. Action: to foreclose a delinquent mortgage in the original principal amount of $644,331, dated December 2009. Filed July 11.

Figueroa, Veronica, Bridgeport and Carmen Morales, et al., Corona, N.Y. Filed by Steven G. Berg, Norwalk, for Nob Hill Condominium Association Inc., Bridgeport. Property: 7 Nob Hill Circle, Unit 114, Bridgeport. Action: to foreclose on unpaid common charges and assessments. Filed July 8.

Gereg Aurelia; Brenda and John M. Aurelia Jr., et al., Newtown. Filed by Amanda Tiernan, West Warwick, R.I, for Waterfall Victoria Master Fund ltd., New York City. Property: 157 Hanover Road, Newtown. Action: to foreclose a delinquent mortgage in the original principal amount of $380,000, dated February 2004. Filed July 11.

Foley, Christina Rikhoff, Wilton. Filed by Erik Loftus, East Hartford, for Wells Fargo Bank N.A., Frederick, Md. Property: 49 Quail Ridge Road, Wilton. Action: to foreclose a delinquent mortgage, dated October 2007. Filed July 10.

Gould, Bernice, Fairfield. Filed by S. Bruce Fair, Hartford, for The Bank of New York Mellon, trustee, New York City. Property: 55 Melville Drive, Fairfield. Action: to quiet the title to property in favor of plaintiff. Filed July 9.

Forde, Terrence, et al., Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for the city of Bridgeport WPCA. Property: 72 Carleton Ave., Bridgeport. Action: to foreclose on sewer liens. Filed July 10.

Hackney, Donoa, Stratford. Filed by Jeffrey M. Knickerbocker, Hartford, for Bank of America N.A., Charlotte, N.C. Property: 122 Liberty St., Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $247,000, dated May 2007. Filed July 11.

Kendricks, Sheron and Lawrence Kendricks, and Paul Dengelegi, et al., Bridgeport. Filed by Joshua Pedreira, Hartford, for Citibank N.A., Sioux Falls S.D. Property: 195 Manhattan Ave., Bridgeport. Action: to foreclose a delinquent mortgage in the original principal amount of $150,000, dated March 2007. Filed July 8.

Izzo, Charles A. Jr., Bethel. Filed by Amanda Tiernan, West Warwick, R.I, for Waterfall Victoria Master Fund Ltd., New York City. Property: 70 to 72 Knollwood Drive, Bethel. Action: to foreclose a delinquent mortgage in the original principal amount of $336,000, dated July 2005. Filed July 15.

Kirby, Linda B. and James E. Kirby Jr., Trumbull. Filed by Richard Lewis, Stamford, for First County Bank, Stamford. Property: 9 Riverbend Road, Trumbull. Action: to foreclose a delinquent mortgage in the original principal amount of $318,000, dated October 2003. Filed July 10.

Jackson, Angella E.M. and Frank C. Jackson, et al., Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for the city of Bridgeport WPCA. Property: 125 Palisade Ave., Bridgeport. Action: to foreclose on sewer liens. Filed July 10.

Koziar, Candace A. and Lewis T. Koziar, Newtown. Filed by Valerie A. Finney, Farmington, for Beneficial Financial I Inc., Mettawa, Ill. Property: 23 Old Hawleyville Road, Newtown. Action: to foreclose a delinquent mortgage, dated June 1998. Filed July 15.

Francilme, Henriette and Gerol Francilme, et al., Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for the city of Bridgeport WPCA. Property: 680 Fairview Ave., Bridgeport. Action: to foreclose on sewer liens. Filed July 10. Francis, Dean A., et al., Danbury. Filed by Jennifer M. Jason, Hartford, for Wells Fargo Bank N.A., Frederick, Md. Property: 15 to 17 Boughton St., Unit 8, Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $180,000, dated April 2008. Filed July 8. Frost, Marion L. and Stephen E. Frost, et al., Monroe. Filed by Christopher R. Thompson, Farmington, for CitiMortgage Inc., O’Fallon, Mo. Property: 344 Old Zoar Road, Monroe. Action: to foreclose a delinquent mortgage in the original principal amount of $241,000, dated November 2002. Filed July 10.

Johnson, Jeanne and Neil L. Johnson, et al., Monroe. Filed by Jeffrey M. Knickerbocker, Hartford, for Bank of America N.A., Charlotte, N.C. Property: 10 Fresh Meadow Road, Monroe. Action: to foreclose a delinquent mortgage in the original principal amount of $224,000, dated October 2003. Filed July 12.

Johnston, Paulette and Patricia Johnston, et al., Bridgeport. Filed by Paul Lewis Otzel, Milford, for Connecticut Housing Financial Authority, Bridgeport. Property: 473 Woodrow Ave., Bridgeport. Action: to foreclose a delinquent mortgage in the original principal amount of $215,900, dated November 2003. Filed July 9.

Lagueux, Marchelle L. and Steve J. Lagueux, et al., Danbury. Filed, for Wells Fargo Bank N.A., Frederick, Md. Property: 20 Hickory St., Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $200,000, dated June 2003. Filed July 8.

Louis, Eddy Jean and Yves Gachelin, et al., Bridgeport. Filed by Jones, Kendrea N., et al., Bridge- Erik Loftus, East Hartford, for port. Filed by Steven G. Berg, Nor- Bank of America N.A., Charlotte, walk, for Nob Hill Condominium N.C. Property: 534 Cleveland Ave., Association Inc., Bridgeport. Prop- Bridgeport. Action: to foreclose a erty: 202C Virginia Ave., Unit 312, delinquent mortgage in the origiBridgeport. Action: to foreclose on nal principal amount of $294,096, unpaid common charges and as- dated November 2007. Filed July 9. sessments. Filed July 8. Joseph, Islande and Gerald Bijou, et al., Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for city of Bridgeport WPCA. Property: 239 to 241 Parrott Ave., Bridgeport. Action: to foreclose on sewer liens. Filed July 9.

Krespin, Rachel S., et al., Fairfield. Filed by Joshua Pedreira, Hartford, for Bank of America N.A., Charlotte, N.C. Property: 106 Alberta St., Fairfield. Action: to foreclose a delinquent mortgage in the original principal amount of $417,000, dated January 2008. Filed July 11.

Lozina, Miroslava and Ante Lozina; and Angie and Robert Pasa, Greenwich. Filed by Erik Loftus, East Hartford, for The Bank of New York Mellon, trustee, New York City. Property: 10 Salem St., Greenwich. Action: to foreclose a delinquent mortgage in the original principal amount of $1 million, dated December 2006. Filed July 11.

Metcalf, Darlene and Jose L. Morales, et al., Bridgeport. Filed by Erik Loftus, East Hartford, for Deutsche Bank Trust Co., New York City. Property: 65 Oakleaf St., Bridgeport. Action: to foreclose a delinquent mortgage in the original principal amount of $252,000, dated December 2005. Filed July 10.

Owens, Jason, et al., Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for Benchmark Municipal Tax Services Ltd., Bridgeport. Property: 105A William St., Bridgeport. Action: to foreclose on tax liens. Filed July 9.

Palmer, Jeannine and Joseph Scott Palmer, et al., Brookfield. Filed by Mimlitch, Thomas R., Administra- Erik Loftus, East Hartford, for Bank tor of the estate of Donald R. Mim- of America N.A., Charlotte, N.C. litch, et al., Wilton. Filed by Frank- Property: 31 Whisconier Road, Unit lin G. Pillicy, Watertown, for Village F4, Brookfield. Action: to foreclose Walk Condominium Inc., Wilton. a delinquent mortgage in the origiProperty: 36 Village Walk, Wilton. nal principal amount of $178,400, Action: to foreclose on unpaid dated April 2004. Filed July 10. common charges. Filed July 15. Mitton, Heldah, et al., Shelton. Filed by Erik Loftus, East Hartford, for Bank of America N.A., Charlotte, N.C. Property: 70 Isinglass Road, Shelton. Action: to foreclose a delinquent mortgage in the original principal amount of $261,200, dated August 2003. Filed July 10.

Prayer Tabernacle Church of Love Inc., Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for the city of Bridgeport WPCA. Property: 1065 to 1067 Central Ave., Bridgeport. Action: to foreclose on sewer liens. Filed July 10.

Racz, Cornell J., Trumbull. Filed by Joshua Pedreira, Hartford, for Mora, Bendita and Obdulio Mora, Wells Fargo Bank N.A., Frederick, et al., Ridgefield. Filed by Kenneth Md. Property: 110 Woolsley Ave., Maire, Rosemarie and John J. J. Pollock, Hartford, for JPMor- Trumbull. Action: to foreclose a Maire, Redding. Filed by Adrienne gan Chase Bank N.A., Columbus, delinquent mortgage in the origiRoach, Hartford, for The Bank of Ohio. Property: 10 Stebbins Close, nal principal amount of $336,000, New York Mellon, trustee, New Ridgefield. Action: to foreclose a dated May 2007. Filed July 9. York City. Property: 6 Orchard delinquent mortgage in the origiDrive, Redding. Action: to foreclose nal principal amount of $100,000, Ramirez, Alvaro L., et al., Bridgea delinquent mortgage in the origi- dated March 2006. Filed July 8. port. Filed by Joshua Pedreira, nal principal amount of $520,000, Hartford, for Sabadell United Bank, dated October 2006. Filed July 11. Morici, Athena E., et al., Trum- Miami, Fla. Property: 113 to 115 bull. Filed by Patrick J. Rosenberger, Atwater St., Bridgeport. Action: to Malhotra, Veena and Vipin Mal- Hartford, for TD Bank N.A., Port- foreclose a delinquent mortgage hotra, et al., Danbury. Filed by land, Maine. Property: 24 Dell Cir- in the original principal amount Christopher G. Winans, Danbury, cle, Trumbull. Action: to foreclose a of $324,000, dated July 2007. Filed for Union Savings Bank, Danbury. delinquent mortgage in the original July 9. Property: 40 S. King St., Danbury. principal amount of $50,000, dated Action: to foreclose a delinquent October 2008. Filed July 10. Ramos, Hermano and Jose Camortgage in the original principal bral, et al., Bridgeport. Filed by amount of $479,500, dated DecemNelson, Lynton, et al., Bridge- Marsha S. Beckford, Bridgeport, ber 2007. Filed July 3. port. Filed by Marsha S. Beckford, for the city of Bridgeport WPCA. Bridgeport, for the city of Bridge- Property: 153 to 157 Whittier St., Martinez, Linda D., et al., Bridge- port WPCA. Property: 326 to 330 Bridgeport. Action: to foreclose on port. Filed by David A. Carlson, Pearl St., Bridgeport. Action: to sewer liens. Filed July 10. Pawtucket, R.I., for U.S Bank foreclose on sewer liens. Filed July 9. N.A., trustee, Salt Lake City, Utah. Razinski, Tanya and Alexander Property: 1096 to 1100 State St., Bridgeport. Action: to foreclose a Nyarko, Eva and Prince K. Nyar- Razinski, Greenwich. Filed by Dadelinquent mortgage in the origi- ko, Danbury. Filed by Mark W. vid A. Slossberg and David C. Shunal principal amount of $100,000, Korotash, Danbury, for Union Sav- frin, Milford, for 136 Field Point ings Bank, Danbury. Property: 16 Circle Holdings Co. L.L.C., Greendated July 2004. Filed July 8. Melrose Ave., Danbury. Action: to wich. Property: 136 Field Point foreclose a delinquent mortgage in Circle, Greenwich. Action: claim an McLaurin, Tracey and Christo- the original principal amount of interest in the premises. Filed July 5. pher McLaurin, et al., Bridgeport. $384,750, dated April 2008. Filed Filed by Kathryn Sylvester, Stam- July 8. Roach, Louise Ann and Suzette ford, for JPMC Specialty Mortgage Girard, et al., Stratford. Filed by L.L.C., San Diego, Calif. Property: 1282 Park Ave., Bridgeport. Action: Origgio, Joan and Clive Origgio, Robert N. Sensale, New Haven, for to foreclose a delinquent mortgage. et al., Bridgeport. Filed, for Bay- American Tax Funding L.L.C., Ju$235,000, dated December 2004. view Loan Servicing, Coral Gables, piter, Fla. Property: 704 Wilcoxson Fla. Property: 53 to 555 Sixth St., Ave., Stratford. Action: to foreclose Filed July 9. Bridgeport. Action: to foreclose a on past-due sewer and tax liens. delinquent mortgage in the origi- Filed July 12. nal principal amount of $248,000, dated February 2007. Filed July 8.

THE RECORDS SECTION IS NOW AVAILABLE BY DIGITAL SUBSCRIPTION. Go to westfaironline.com/buy/records-section/ for more information and to view a sample.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013 29

on the record Robinson, Latosha; Nacole and Natalie Robinson, et al., Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for the city of Bridgeport WPCA. Property: 684 Cleveland Ave., Bridgeport. Action: to foreclose on sewer liens. Filed July 9. Russell, Laurie and Kevin Russell, et al., Trumbull. Filed by Loren M. Bisberg, Farmington, for CitiMortgage Inc., O’Fallon, Mo. Property: 126 Hilltop Circle, Trumbull. Action: to foreclose a delinquent mortgage in the original principal amount of $404,200, dated January 2007. Filed July 9. Russell, Susan M. and Robert J. Russell Jr., et al., Trumbull. Filed by Loren M. Bisberg, Farmington, for CitiMortgage Inc., O’Fallon, Mo. Property: 62 Clemens Ave., Trumbull. Action: to foreclose a delinquent mortgage in the original principal amount of $220,000, dated November 2007. Filed July 10. Salazar, Sebastian L., et al., Danbury. Filed by Mario Arena, Hartford, for Bank of America N.A., Charlotte, N.C. Property: 156 South St., Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $288,000, dated June 2005. Filed July 8.

Schwarz, Frances T. and Theodore P. Toth, Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for Benchmark Trading Ltd. Property: 2600 Park Ave., Unit LF, Bridgeport. Amount: $39,000. Filed July 10. Scoﬁeld, Alison S., et al., Stratford. Filed by Robert N. Sensale, New Haven, for American Tax Funding L.L.C., Jupiter, Fla. Property: 220 Everett St., Stratford. Action: to foreclose on past-due sewer and tax liens. Filed July 12. Sheehan, Jennifer and John Sheehan, et al., Danbury. Filed by Bendett & McHugh PC, Farmington, for U.S Bank N.A., trustee, Salt Lake City, Utah. Property: 2A Jeanette St., Unit 28, Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $272,000, dated March 2006. Filed July 11. Sherard, Samantha and Kevin Sherard, et al., Bridgeport. Filed by Marsha S. Beckford, Bridgeport, for the city of Bridgeport WPCA. Property: 460 Evers St., Bridgeport. Action: to foreclose on sewer liens. Filed July 9.

Siel, Erica and Robert J. Siel, et al., Danbury. Filed by Bendett & McHugh PC, Farmington, for CitiSantini, Siobhan D. and Christo- Mortgage Inc., O’Fallon, Mo. Proppher P. Santini, et al., Ridgefield. erty: 21 Old Shelter Rock Road, Filed by Louis C. Zowine, Bridge- Danbury. Action: to foreclose a port, for People’s United Bank, delinquent mortgage in the origiBridgeport. Property: 5 Casa Torch nal principal amount of $262,320, Lane, Ridgefield. $300,000, dated dated June 2005. Filed July 11. August 2007. Filed July 12. Savvaides, Natalie and Steve Savvaides, Norwalk. Filed by Katherine Sylvester, Stamford, for Sovereign Bank N.A., Mount Laurel, N.J. Property: 7 Burlington St., Norwalk. Action: to foreclose a delinquent mortgage in the original principal amount of $550,000, dated August 2007. Filed July 9. Sayers, Patricia Ann and Jeremy S. Schoeller, et al., Danbury. Filed by Marisconi Law Group, for Waterfall Victoria Master Fund Ltd., New York City. Property: Lot B-1 Spruce Mountain Road, Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $500,000, dated October 2007. Filed July 11. Schatten, Petra and Mark B. Schatten, et al., Norwalk. Filed by Erik Loftus, East Hartford, for Wells Fargo Bank N.A., Frederick, Md. Property: 15 Fairweather Drive, Norwalk. Action: to foreclose a delinquent mortgage in the original principal amount of $25,000, dated August 2003. Filed July 8.

Sokareh, Mahmoud, et al., Fairfield. Filed by Kristen Boyle, Hartford, for Bank of America N.A., Charlotte, N.C. Property: 29 Jeniford Road, Fairfield. Action: to foreclose a delinquent mortgage in the original principal amount of $340,000, dated February 2007. Filed July 15. Stone, Janet K., et al., Fairfield. Filed by Adrienne Roach, Hartford, for Bank of America N.A., Charlotte, N.C. Property: 284 South St., Fairfield. Action: to foreclose a delinquent mortgage in the original principal amount of $350,000, dated August 2007. Filed July 11. Taylor, Cynthia and Dennis Taylor, et al., Norwalk. Filed by Adrienne Roach, Hartford, for Bank of America N.A., Charlotte, N.C. Property: 123 Old Belden Hill Road, Apt. 31, Norwalk. Action: to foreclose a delinquent mortgage in the original principal amount of $292,000, dated March 2007. Filed July 11.

Teixeria, Steven, Shelton. Filed by Valerie A. Finney, Farmington, for Bank of America N.A., Charlotte, N.C. Property: 27 Spruce Hill Road, Shelton. Action: to foreclose a delinquent mortgage in the original principal amount of $285,729, dated November 2009. Filed July 9.

89 Realty LLP, Norwalk. Lender: Darien Rowayton Bank, Darien. Property: 89 Rowayton Ave., Norwalk. Amount: $250,000. Filed July 5.

NEW BUSINESSES

PATENTS

10th Hole Productions L.L.C., 1071 Post Road East, Westport 06880, c/o Blue Cap Films. Filed July 9.

Bicycle user interface system and method of operation thereof. Patent no. 8,489,278 issued to Stanley Song, Danbury; and Stephen R. Extance, New Milford. Assigned to Cycling Sports Group Inc., Bethel.

CCG SPV I L.L.C., Los Angeles, Calif., by Bradley D. Knyal. Lender: Deutsche Bank Trust Co. Americas, Jersey City, N.J. Property: 18 Thomas, Carl E., et al., Bridgeport. Old Ridgebury Road, Danbury. Alavaro J. Builes, 58 Winfield St., Filed by Amy L. Harrison, Farm- Amount: $1.2 million. Filed July 10. Apt. B, Norwalk 06855, c/o Alvaro J. Builes. Filed July 5. ington, for The Bank of New York Mellon, trustee, New York City. Property: 731 Boston Ave., Unit 8, DAB Properties L.L.C., New CaAngel’s Touch, 3 Hyatt Ave., NorBridgeport. Action: to foreclose a naan, by Jason E. Baer. Lender: walk 06850, c/o Svetlana MartyshoWells Fargo Bank N.A., Charlotte, delinquent mortgage in the original va. Filed July 12. N.C. Property: 26 to 28 Vitti St., principal amount of $82,400, dated New Canaan. Amount: $1.4 milSeptember 2006. Filed July 10. lion. Filed July 12. Brooke H. Burling d.b.a. Two Planks Theatre Co., 81 Maryanne Thomas, Freddie J., Bridgeport. Drive, Monroe 06468, c/o Brooke Filed by Marsha S. Beckford, Bridge- Dwell L.L.C., Westport, by Scott H. Burling. Filed July 17. Maronna. Lender: Secure Capital port, for the city of Bridgeport Group L.L.C., Stratford. PropWPCA. Property: 336 to 338 Bond St., Bridgeport. Action: to foreclose erty: 75 Patrick Road, Westport. carfleamarkets.com, 219 River Amount: $525,000. Filed July 15. on sewer liens. Filed July 10. Road Extension, Cos Cob 06807, c/o Omar J. Torress. Filed July 2. Thompson, Kenneth G. Jr., et al., Five Star Holdings L.L.C., New Stratford. Filed by Erik Loftus, East Rochelle, N.Y., by Edo Dostal. Cassena Care at Norwalk, 23 Hartford, for Hudson City Savings Lender: Entertainment Financial Prospect Ave., Norwalk 06850, c/o Bank, Yonkers, N.Y. Property: 140 L.L.C., South Windsor. Property: Norwalk Acquisition I L.L.C. Filed Wakelee Ave., Stratford. Action: to 389 to 391 Catherine St. and 223 July 2. foreclose a delinquent mortgage in to 225 Beardsley St., Bridgeport. the original principal amount of Amount: $140,000. Filed July 9. Certified Roofing, 192 Halley Ave., $306,055, dated June 2011. Filed Fairfield 06825, c/o Cindy Marks July 8. Indian Field Plaza L.L.C., Greenand Scott Milanovich. Filed July 9. wich, by Caterina Violi. Lender: Tomaszewski, Dorota L., et al., First Bank of Greenwich, Cos Cob. Bridgeport. Filed by Marsha S. Property: 522 E. Putnam Ave., Charlize Designs, 345 Fairview Beckford, Bridgeport, for the city Greenwich. Amount: $1 million. Ave., Fairfield 06824, c/o Elina Aniston. Filed July 1. of Bridgeport WPCA. Property: Filed July 10. 197 to 199 Center St., Bridgeport. Action: to foreclose on sewer liens. Mannkind Corp., Valencia, Calif., Classic Nails and Day Spa, 5065 Filed July 10. by Matthew J. Pfeffer. Lender: Deer- Main St., Trumbull 06611, c/o Kha field Private Design Fund II L.P. Duong Duy and Adam Sukasame. Tonner, Gina M. and Erik E. Ton- Property: New York City. Property: Filed July 9. ner, et al., Danbury. Filed by Hunt, Taylor St. and Casper St., Danbury. Leibert & Jacobsen, Hartford, for Amount: $160 million. Filed July 8. Cleanmark Services L.L.C., 185 The Bank of New York Mellon, trustee, New York City. Property: 5 Mings Realty L.L.C., Shelton, by Greens Farms Road, Westport Mannions Lane, Unit 9, Danbury. Ming Hua Pan. Lender: BNB Bank 06880, c/o Lillian J. Krause. Filed Action: to foreclose a delinquent N.A., New York City. Property: July 12. mortgage in the original principal 1703 to 1705 Boston Ave.; 297 and amount of $208,905, dated March 307 East Ave.; 29 to 31 Laurel Court, Costigan Builders, 493 Bennetts 2007. Filed July 11. Bridgeport and 36 and 233 Larkin Farm Road, Ridgefield 06877, c/o Court; 71 McGrath Court and 68 Patrick Costigan. Filed July 9. Uva, Richard, et al., Bridgeport. Priscilla Lane, Stratford. Amount: Filed by Steven G. Berg, Norwalk, $490,000. Filed July 8. Danny’s Painting & Services, 7 for South End Phase II L.L.C., Moore Place, Norwalk 06855, c/o Bridgeport. Property: 103 to 105 North Water L.L.C., Norwalk, by Nohemy Argueta. Filed July 3. Park Terrace, Bridgeport. Action: to Clayton H. Fowler. Lender: Webster foreclose on past due tax liens. Filed Bank N.A., Waterbury. Property: July 8. 20 N. Water St., Norwalk. Amount: Ddzines Hair, 685 Knapps Highway, Fairfield 06825, c/o Dawn $29 million. Filed July 5. Dondero. Filed July 18.

MORTGAGES 1 Wilton Road Westport L.L.C., Westport, by Lucien Vita. Lender: Webster Bank N.A., New Britain. Property: 1 Wilton Road, Westport. Amount: $608,000. Filed July 9. 89 Realty LLP, Norwalk. Lender: Darien Rowayton Bank, Darien. Property: 89 Rowayton Ave., Norwalk. Amount: $650,000. Filed July 5.

30 Week of July 29, 2013 • FairField County Business Journal

Rackson King Conn L.L.C., Totowa, N.J., by Christopher Johnson. Lender: Patriot National Bank, Stamford. Property: 1600 to 1602 Broadbridge Ave., Stratford. Amount: $2.3 million. Filed July 8. Two Two Seven L.L.C., Danbury, by Norman F. Buzaid Jr. Lender: Union Savings Bank N.A., Danbury. Property: 227 to 235 Federal Road, Brookfield. Amount: $5.8 million. Filed July 11.

Campaign management of direct mail. Patent no. 8,494,898 issued to Lewis S. Snow, La Crescenta, Calif.; and Arazik Khachatrian, Pittsford, N.Y. Assigned to Xerox Corp., Norwalk. Dry powder drug-delivery system. Patent no. 8,485,180 issued to Chad C. Smutney, Watertown; Benoit Adamo, Mount Kisco, N.Y.; John M. Polidoro, Coventry; P. Spencer Kinsey, Sandy Hook; Dennis Overfield, Fairfield; Carl R. Sahi, Coventry; Christine Billings, Danbury; and Mark T. Marino, Danbury. Assigned to MannKind Corp., Valencia, Calif. Krypton xenon recovery from pipeline oxygen. Patent no. 8,484,992 issued to David Ross Parsnick, Amherst, N.Y.; Neil Mark Prosser, Lockport, N.Y.; and Ihuaku Ihejirika, Amherst, N.Y. Assigned to Praxair Technology Inc., Danbury. Optimal patch code design via device characterization. Patent no. 8,493,621 issued to Wencheng W, Webster, N.Y.; and Edul N. Dalal, Webster, N.Y. Assigned to Xerox Corp., Norwalk. Seamless intermediate transfer belt. Patent no. 8,494,421 issued to Michael S. Roetker, Webster, N.Y.; Francisco J. Lopez, Rochester, N.Y.; Kyle B. Tallman, Farmington, N.Y.; Jonathan H. Herko, Walworth, N.Y.; David W. Martin, Walworth, N.Y.; and Yuhua Tong, Webster, N.Y. Assigned to Xerox Corp., Norwalk. Vacuum drive for web control at photoreceptor. Patent no. 8,494,412 issued to Kenneth Paul Moore, Rochester, N.Y.; Frank Albert Porter, Penfield, N.Y.; Bruce Allen Thompson, Fairport, N.Y.; Todd Maurice Uthman, Rochester, N.Y.; Ron Edward Dufort, Rochester, N.Y.; Venkata Bharadwaj Chivukula, Webster, N.Y.; and Roger Gaylord Leighton, Rochester, N.Y. Assigned to Xerox Corp., Norwalk.

+THIS WEEK’S

ELECTRONIC RECORDS SECTION CONTAINS:

25 MORE COMMERCIAL BUILDING PERMITS on Westfaironline.com. 100 MORE RESIDENTIAL BUILDING PERMITS on Westfaironline.com. 210 MORE RESIDENTIAL DEEDS on Westfaironline.com. 30 MORE JUDGMENTS on Westfaironline.com. 15 MORE NEW LIS PENDENS onWestfaironline.com. 35 MORE NEW BUSINESSES on Westfaironline.com.

Business ConneCtions Economy

State’s Job Growth: S-l-o-w-l-y Does It

hey’re not big numbers, but nonetheless, they’re positive. Connecticut added another 500 jobs in June, marking four straight months of job growth. And the state now has seen growth for five of the year’s first six months, according to the Department of Labor’s latest monthly employment report. “What we’re seeing right now is sustainable job growth, but at a slow rate,” said CBIA economist Pete Gioia. Though Connecticut’s unemployment rate inched up slightly in the last month to 8.1%, Gioia observed, it is down four-tenths of a percentage point over last year. “Overall, this is another positive jobs report,” he said. The labor department saw weather as a determining factor for the latest employment numbers. “The greatly extended public school year due to storm disruptions seemed to impact typical seasonal job patterns in education and may have some influence on summer hiring patterns going forward,” said research director Andy Condon. “The second wettest June on record in the state may have dampened job growth in some sectors as well.”

Other services lost 1,100 positions, followed by trade, transportation, and utilities (-800), education and health services (-700), professional and business services (-400), manufacturing (-300), and information (-200). Four of the six labor market areas posted gains for the month, led by the 3,000 new jobs in BridgeportStamford-Norwalk.

How does Obamacare require me to count my employees? An employer must employ at least 50 full-time employees or a combination of full-time and part-time employees equal to at least 50 full-time equivalent employees in order to be subject to the employer shared responsibility provisions of the Affordable Care Act. Full-time equivalent employees are determined by counting both full-time employees and parttime employees. Each group should be counted separately then added together.

If you have seasonal employees, a seasonal employee exception may allow you to exclude them (see below).

Leisure and hospitality added 1,700 jobs while financial activities gained 400 positions. Construction and mining shed the most jobs of any sector, shrinking by 1,800 in June, or 3.2%. For the year, the sector still leads all sectors with 2,900 new jobs.

➤ Read more at gov.cbia.com

Fact vs. Fiction

Part-time employees are those working fewer than 30 hours per week.

Only three of the 10 major employment sectors added jobs last month, led by the government sector with 3,700 new positions.

New Haven shed 2,500 jobs while Danbury declined by 100.

HEaltHcarE 2014

Full-time employees are those working 30 or more hours per week.

Connecticut has added 10,600 jobs since last June. The state has recovered just 58,700, or 48.4%, of the 121,000 jobs lost during the 2008-2010 recession.

Hartford-West Hartford-East Hartford gained 2,700 new positions, Norwich-New London added 1,300 jobs, and Waterbury netted 400 jobs.

Your employee count for 2013 will determine your 2014 status. Method for Counting Full-Time Equivalent Employees 1. Count your company’s full-time employees (including seasonal) for each month in 2013. 2. Count your company’s full-time equivalent employees (including seasonal) for each month in 2013. For this year only, you may opt to use any consecutive six months in 2013 rather than the full 12 month cycle.

a. Add the total hours for non-full-time employees but count no more than 120 hours/ month for any one non-full-time employee. b. Divide the number obtained in sub-step “a” by 120. The result is the number of full-time equivalent employees for that month. 3. Add the two numbers obtained in steps 1 and 2 for each month 4. Add the 12 (or six) sums obtained in step 3 and divide the total by 12 (or six). The result is the average number of full-time equivalent employees. 5. If the number in step 4 is at least 50, determine whether the seasonal employee exception applies. Seasonal Employee Exception After determining if your company had at least 50 full-time equivalent employees on average for 2013, determine whether: f the number exceeded 50 for only 120 days/ 4 months (or fewer) OR f the number in excess of 50 were seasonal* employees *Seasonal = seasonal retail, agricultural, and others included under good faith reasonable interpretation

If the number of full-time employees exceeded 50 for no more than 120 days/4 months and the excess employees were seasonal, your company is not considered a large employer for 2014. ➤ Learn more at cbia.com/healthcare2014

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of July 29, 2013 31

CALL FOR NOMINATIONS CRITERIA

n its second year, this popular award is open to any CFO who has worked a minimum of two years for a company in Fairfield County. Three winners will be chosen by a distinguished panel of judges; one from a company with fewer than 100 employees, another from a company with 101 to 500 employees and the third from a company with more than 500 employees.

NOMINATIONS ACCESSIBLE AT WESTFAIRONLINE.COM/CFO-OF-THE-YEAR-NOMINATE/ NOMINATIONS WILL BE ACCEPTED FROM NOW THROUGH AUG. 10

AWARDS CELEBRATION SAVE THE DATE, MEET THE CANDIDATES AND CELEBRATE THE 2013 FAIRFIELD COUNTY CFO OF THE YEAR WINNERS WITH GUESTS AND COLLEAGUES.

DATE/TIME + LOCATION OCTOBER 2 | 5:30 P.M. HOTEL ZERO DEGREES 353 MAIN AVE., NORWALK