RESOLUTION
Town of Hempstead
Local Development Corporation

EMPLOYMENT OF FREDERICK E. PAROLA
CHIEF EXECUTIVE OFFICER
OF THE TOWN OF HEMPSTEAD LDC

	WHEREAS, the Town of Hempstead Local Development Corporation seeks to employ a part time Chief Executive Officer for the LDC, and

	WHEREAS, Frederick E. Parola will begin employment effective January 1st, 2019 as the part-time CEO of the Hempstead LDC as an hourly employee, and

WHEREAS, Frederick E. Parola shall work as a part time employee for a maximum of 24 hours a week,  and not to exceed 6 days per pay period, unless approval for additional hours is granted by the LDC Chairman, and

WHEREAS, Frederick E. Parola shall earn an hourly salary of $85.26, plus reimbursable expenses, payable in arrears on alternate Fridays coinciding with payroll of full time employees annually, and

	WHEREAS, the Hempstead LDC, will not provide any additional active benefits including but not limited to health insurance, time accrual, longevity or health benefit buy back.

	NOW, THEREFORE, BE IT

	RESOLVED, effective January 1st, 2019, the Corporation shall employ Frederick E. Parola as its Chief Executive Officer at an hourly salary of $85.26, plus reimbursable expenses granted by the Town of Hempstead Local Development Corporation.

Adopted:  December 20, 2018

	(ayes) 
	(nays) 

Resolution: 037-2018

Chairman: __________________________________