Town of Hempstead
LOCAL DEVELOPMENT CORPORATION
October 25, 2018 9:00 AM 
Town Hall Pavilion, 1 Washington Street, Hempstead
MEETING

Agenda:  Consideration and Adoption of the Audit Committee Charter, Consideration and Adoption of the Governance Committee Charter, Consideration and Adoption of the Finance Committee Charter, Consideration and Adoption of a resolution appointing the LDC Procurement Officer, Consideration and Approval of the Minutes of September 18th, 2018, Adoption of the 4 Year Financial Plan, Adoption of the 2019 LDC Budget, Financial Statements and Expenditures List: September 12th, 2018-October 18th, 2018

Those in attendance: 	  Florestano Girardi, Chairman
                                      James G. Marsh, Esq. Vice Chairman
                                      Gerilyn Smith, Treasurer     
                                      Eric C. Mallette, Secretary  
                                      Jack Majkut, Member

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

                       
Excused:                      Richard DeBrosse, Esq. Member,  
                                     John A. Ardito, Esq. Member

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

Consideration and Adoption of the Audit Committee Charter: A motion was made by Florestani Girardi to adopt the Audit Committee Charter. This motion was seconded by James Marsh. All were in favor. Motion carried. 

Consideration and Adoption of the Governance Committee Charter: A motion was made by Eric Mallette to adopt the Governance Committee Charter. This motion was seconded by Florestano Girardi. All were in favor. Motion carried.

Consideration and Adoption of the Financial/Investment Committee Charter: A motion was made by Florestano Girardi to adopt the Financial/Investment Committee Charter. This motion was seconded by James Marsh. All were in favor. Motion carried.

Adoption of a Resolution Appointing the LDC Procurement Officer: Eric Mallette made a motion to adopt a resolution appointing Frederick E. Parola as the LDC Procurement Officer. This motion was seconded by Florestano Girardi. All were in favor. Motion carried.

Minutes of the September 18, 2018 Meeting: A motion was made by James Marsh to adopt the minutes of the September 18, 2018 meeting. This motion was seconded by Florestano Girardi. All were in favor. Motion carried.

Consideration and Adoption of the 4-Year Financial Plan: A motion was made by James Marsh to adopt the 4-Year Financial Plan. This motion was seconded by Florestano Girardi. All were in favor. Motion carried.

Consideration and Adoption of the 2019 LDC Budget: A motion was made by James Marsh to adopt the 2019 LDC Budget as presented. This motion was seconded by Florestano Girardi. 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 September 12, 2018 – October 18, 2018.

With all business concluded Florestano Girardi made a motion to adjourn the meeting at 10:05 a.m.  This motion was seconded by Eric Mallette.  All were in favor.  Motion carried.

________________________________________
Eric C. Mallette, Secretary, December 20, 2018