Town of Hempstead
LOCAL DEVELOPMENT CORPORATION
January 25, 2018 10:00 AM
Pavilion, 1 Washington Street/350 Front Street, Hempstead
ANNUAL ORGANIZATIONAL MEETING

Agenda:   Consideration of a Resolution appointing the LDC Committee Members, Consideration of a Resolution appointing the LDC Bond/Transaction Counsel, Consideration of a Resolution appointing the LDC Corporation Counsel, Consideration and Adoption of the Construction Wage Policy, Consideration of a Resolution for  budget line transfers within the 2017 Budget,  Consideration of a Banking Resolution for Bank of America (Change of Treasurer), Consideration and Approval of the Minutes of December 21, 2017, Financial Statements and Expenditure List: December 15, 2017  – January 18, 2018.

Those in attendance: 	  Florestano Girardi, Chairman
                                      Gerilyn Smith, Treasurer     
                                      Eric C. Mallette, Secretary  
                                      Richard DeBrosse, Esq. Member

Also in attendance:       Frederick E. Parola, Executive Director/CEO	
                                      Michael Lodato, Deputy Agency Administrator    
                                      William Weir, Nixon Peabody, Transaction Counsel
                                      John E. Ryan, Corporation Counsel            
                                                                         
Excused:                        James G. Marsh, Esq. Vice Chairman
                                     John A. Ardito, Esq. Member
                                       Edie M. Longo, Deputy Executive Director/CFO

                                 
                                                                                                                           
The Meeting was called to order at 10:20 a.m.       
The Chairman confirmed a quorum was present. 

Consideration of a Resolution appointing the LDC Committee Members: 
A motion was made by Florestano Girardi to adopt a resolution appointing the LDC Committee Members. This motion was seconded by Eric Mallette. All were in favor. Motion carried.

Consideration of a Resolution appointing the LDC Bond/Transaction Counsel: 
A motion was made by to Florestano Girardi to table the resolution appointing Nixon Peabody, LDC Bond/Transaction. This motion was seconded by Eric Mallette. All were in favor. Motion carried.
This item will appear on the February Agenda. 

Consideration of a Resolution appointing the LDC Corporation Counsel: 
A motion was made by to Florestano Girardi to table the resolution appointing John Ryan as the Corporation Counsel. This motion was seconded by Eric Mallette. All were in favor. Motion carried.
This item will appear on the February Agenda. 

Consideration of a Resolution to re-adopt the Construction Wage Policy: 
A motion was made by Eric Mallette to re-adopt the Construction Wage Policy for 2018. This motion was seconded by Gerilyn Smith. All were in favor. Motion carried.

Consideration of a Resolution to authorize Budget Line Transfers for the 2017 Budget: 
A motion was made by Florestano Girardi to adopt a resolution authorizing LDC Budget Line Transfers for 2017. This motion was seconded by Gerilyn Smith. All were in favor. Motion carried.

Consideration of a Resolution for Bank of America (Change of Treasurer): 
A motion was made by Florestano Girardi to adopt a resolution adding the new Treasurer for the LDC Bank of America’s Accounts. This motion was seconded by Richard DeBrosse. All were in favor. Motion carried.

Minutes of the December 21, 2017 Meeting: A motion was made by Florestano Girardi to adopt the minutes of the December 21, 2017 meeting. This motion was seconded by Eric Mallette. 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 December 15, 2017 – January 18, 2017.

With all business concluded Florestano Girardi made a motion to adjourn the meeting at 10:25 a.m.  This motion was seconded by Gerilyn Smith.  All were in favor.  Motion carried. 

________________________________________
Florestano Girardi, Chairman, February 15, 2018