Town of Hempstead
LOCAL DEVELOPMENT CORPORATION
February 24, 2016 10:00 AM
IDA/LDC Offices, 350 Front Street, Hempstead
MEETING

Agenda:  Consideration and Adoption of a resolution for the LDC to participate in the 2016 Adelphi Gala, Consideration and Adoption of a Resolution to change the March LDC Meeting Date to 3/29/16 ,Consideration and Approval of the Minutes of January 27, 2016, Financial Statements and Expenditure List: January 21, 2016 – February 17, 2016.

Those in attendance: 	    Ted Sasso, Chairman
                                        Ari Brown, Vice Chairman
                                        Jonathan Kohan, Treasurer       
                                        Cheryl Petri, Secretary  
                                        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    
                                     William F. Weir, Nixon Peabody, Transaction Counsel
                                      John E. Ryan, Corporation Counsel

                                   

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

Consideration and Adoption of a Resolution for the LDC to Participate in the 2016 Adelphi Gala: 
A motion was made by Jonathan Kohan to adopt a resolution for the LDC to participate in the 2016 Adelphi Gala for an amount not to exceed $1,000.00. This motion was seconded by Cheryl Petri. All were in favor. Motion carried. 

Consideration and Adoption of a Resolution to change the March LDC Meeting to 3/29/16:
A motion was made by Jonathan Kohan to adopt a resolution to change the March LDC Meeting to 3/29/16. This motion was seconded by Ann DeMichael. All were in favor. Motion carried.

Minutes of the January 27, 2016 Meeting: A motion was made by Ari Brown to adopt the minutes of the January 27, 2016 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 January 21, 2016 – February 17, 2016.

With all business concluded, Cheryl Petri 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. 

________________________________________
Cheryl Petri, Secretary, March 29, 2016