Town of Hempstead
LOCAL DEVELOPMENT CORPORATION 
BOARD MEETING
December 21, 2017 10:00 AM
Town Hall Pavilion, 1 Washington Street, Hempstead

Agenda:  Consideration and Adoption of 2018 LDC Meeting Schedule, Consideration and Re-Adoption of the IDA/LDC Inter-Municipal Agreement, Consideration of a property Disposition Resolution for the LDC Laptop, Confidential Board Member Evaluations (Three Members), Consideration of a Resolution to appoint the LDC Officers for 2018, Consideration and Approval of the Minutes of November 16, 2017, Financial Statements & Expenditure List November 10, 2017 –December 14, 2017

Those in attendance: 	   Florestano Girardi, Chairman
                                       James G. Marsh, Esq. Vice Chairman
                                       Gerilyn Smith, Treasurer     
                                       Eric C. Mallette, Secretary  
                                       John A. Ardito, Esq. Member
                                       Richard DeBrosse, Esq. Member

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

                                    
                                                                         
Absent:                                

The Meeting was called to order at 11:15 a.m.       
The Chairman has acknowledged a quorum was present. 

Consideration and Adoption of the 2018 LDC Meeting Schedule: A motion was made by Florestano Girardi to adopt the 2018 LDC Meeting Schedule. This motion was seconded by Gerilyn Smith. James Marsh abstained.  
Ayes:  Florestano Girardi, Gerilyn Smith, John Ardito,  Eric Mallette, Richard DeBrosse
Motion carried.

Consideration and Re-Adoption of the IDA/LDC Inter-Municipal Agreement: A motion was made by Florestano Girardi to Re-Adopt the IDA/LDC Inter-Municipal Agreement. This motion was seconded by Eric Mallette. All were in favor. Motion carried. 

Consideration and Adoption of a Property Disposition Resolution for the LDC Laptop: A motion was made by John Ardito to adopt a resolution to dispose of the LDC Laptop. This motion was seconded by Eric Mallette. All were in favor. Motion carried. 

Confidential Board Member Evaluation Forms: The Confidential Board Member Evaluation forms were supplied to the Board for completion. It will only apply to the members who were on the Board in 2017. 

Consideration of a Resolution to appoint the LDC Officers for 2017/2018:
Chairman, Florestano Girardi
Vice Chairman, James G. Marsh
Treasurer, Gerilyn Smith
Secretary, Eric. Mallette
A motion was made by John Ardito to appoint the LDC Officers for 2017/2018. This motion was seconded by James Marsh. All were in favor. Motion carried. 

Minutes of the November 16, 2017 Meeting: A motion was made by Florestano Girardi to adopt the minutes of the November 16, 2017 meeting. This motion was seconded by Richard DeBrosse. 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 November 10, 2017 – December 14, 2017.

With all business concluded, Florestano Girardi made a motion to adjourn the meeting at 11:30 a.m.  This motion was seconded by James Marsh.  All were in favor.  Motion carried.

________________________________________
Eric C. Mallette, Secretary
January 25, 2018