Town of Hempstead
LOCAL DEVELOPMENT CORPORATION 
BOARD MEETING
November 16, 2017 10:00 AM
Town Hall Pavilion, 1 Washington Street, Hempstead

Agenda:  Consideration and Adoption of an Inducement Resolution for Circulo De La Hispanidad, Consideration and Approval of the Minutes of October 26, 2017, Financial Statements & Expenditure List October 20, 2017 – November 9, 2017

Those in attendance: 	   Arthur Nastre, Chairman
                                       Flo Girardi, Treasurer     
                                       Eric C. Mallette, Secretary  
                                       Gerilyn Smith, Member

                                        
Also in attendance:       Frederick E. Parola, Executive Director/CEO	
                                      Edie M. Longo, Deputy Executive Director/CFO	
                                      Michael Lodato, Corporate Administrator                    
                                      Barry Carrigan, Nixon Peabody, Transaction Counsel
                                      John E. Ryan, Corporation Counsel          
                                      Cheryl Petri, Liaison                           

                                                                         
Absent:                                John Ferretti, Member
                                             William F. Weir, Nixon Peabody, Transaction Counsel

The Meeting was called to order at 10:00 a.m.       
The Chairman has acknowledged a quorum was present. 

Consideration and Adoption of an Inducement Resolution For Circulo De La Hispanidad: A presentation was made by Sarah Brewster from Circulo and Dylan Saperman from Morritt Hock & Hamroff. They both outlined the delays in the project initially and their plans to refinance the current IDA Bonds and install solar panels as well.  A motion was made by Flo Girardi to adopt an Inducement Resolution for Circulo De La Hispanidad. This motion was seconded by Gerilyn Smith. All were in favor. Motion carried. 

Minutes of the October 26, 2017 Meeting: A motion was made by Flo Girardi to adopt the minutes of the October 26, 2017 meeting. This motion was seconded by Gerilyn Smith. All were in favor. Motion carried.

Financial Statements & Expenditure Report: The Board was furnished with a copy of the Financial Statements and Expenditure List for October 20, 2017 – November 9, 2017.

With all business concluded, Flo Girardi made a motion to adjourn the meeting at 10:10 a.m.  This motion was seconded by Gerilyn Smith.  All were in favor.  Motion carried.

________________________________________
Eric C. Mallette, Secretary
December 21, 2017