Town of Hempstead
LOCAL DEVELOPMENT CORPORATION
January 27, 2016 10:00 AM
IDA/LDC Offices, 350 Front Street, Hempstead
MEETING

Agenda:  Consideration of a Resolution to appoint the LDC Officers for 2016, 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 to authorize a transfer from the Corporation’s Fund Balance,  Consideration of a Resolution to amend the Corporation’s Fee Schedule, Consideration and Approval of the Minutes of December 16, 2015, Financial Statements and Expenditure List: December 10,2015  – January 20, 2016.

Those in attendance: 	    Theodore Sasso, Chairman
                                         Ari Brown, Vice Chairman
                                         Jonathan Kohan, Treasurer       
                                         Dan Grodotzke, Member
                                         Ann DeMichael, Member  

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

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

Consideration of a Resolution appointing the LDC Officers for 2016: 
A motion was made by Dan Grodotzke to adopt a resolution appointing the LDC Officers. This motion was seconded by Ann DeMichael. All were in favor. Motion carried. 

Consideration of a Resolution appointing the LDC Committee Members: 
A motion was made by Ari Brown to adopt a resolution appointing the LDC Committee Members. This motion was seconded by Ann DeMichael. All were in favor. Motion carried.

Consideration of a Resolution appointing the LDC Bond/Transaction Counsel: 
A motion was made by Theodore Sasso to adopt a resolution appointing Nixon Peabody, LDC Bond/Transaction. This motion was seconded by Dan Grodotzke. All were in favor. Motion carried.

Consideration of a Resolution appointing the LDC Corporation Counsel: 
A motion was made by Theodore Sasso to adopt a resolution appointing John E. Ryan, ESQ Local Development Corporation Counsel. This motion was seconded by Ann DeMichael. All were in favor. Motion carried.

Consideration of a Resolution to re-adopt the Construction Wage Policy: 
A motion was made by Ari Brown to re-adopt the 2016 Construction Wage Policy. This motion was seconded by Ann DeMichael. All were in favor. Motion carried.

Consideration of a Resolution to authorize a transfer from the Corporation’s Fund Balance for 2015: 
A motion was made by Jonathan Kohan to adopt a resolution authorizing LDC Budget Line Transfers for 2015. This motion was seconded by Ann DeMichael. All were in favor. Motion carried.

Consideration of a Resolution to amend the Corporation’s Fee Schedule: 
A motion was made by Ari Brown to adopt a resolution amending Corporation’s Fee Schedule. This motion was seconded by Ann DeMichael. All were in favor. Motion carried.

Minutes of the December 16, 2015 Meeting: A motion was made by Theodore Sasso to adopt the minutes of the December 16, 2015 meeting. This motion was seconded by Ann DeMichael. 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 10, 2015 – January 20, 2016.

With all business concluded Ari Brown made a motion to adjourn the meeting at 10:05 a.m.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried. 

________________________________________
Theodore Sasso, Chairman, February 24, 2016