Town of Hempstead
LOCAL DEVELOPMENT CORPORATION
April 26, 2018 10:00 AM
Town Hall Pavilion, 1 Washington Street, Hempstead
MEETING

Agenda:  Consideration and Adoption of an Inducement Resolution for The Academy Charter School (Uniondale), 10:00 a.m. Presentation, Consideration and Adoption of an A resolution to appoint Nixon Peabody, Bond/Transaction Counsel,  Consideration and Approval of the Minutes of March 29, 2018, Financial Statements & Expenditure List March 22, 2018 – April 19, 2018

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

                                        
Also in attendance:       Frederick E. Parola, CEO	
                                      Edie M. Longo, Deputy Executive Director/CFO
                                      Michael Lodato, Deputy Agency Administrator    
                                      John E. Ryan, Corporation Counsel            
                                                                         
Excused:                       Richard DeBrosse, Esq. Member,  
                                      William Weir, Nixon Peabody, Transaction Counsel

                                 
                                                                                                                           
The Meeting was called to order at 10:12 a.m.  
The Chairman confirmed a quorum was present. 

Consideration and Adoption of an Inducement Resolution for The Academy Charter School (Uniondale): A presentation was made by the School Officials and Counsel Kevin Walsh. The Academy Charter School seeks to acquire and renovate an approximately 78,000 square foot building located on approximately 5.7 acres of land at 100 Charles Lindbergh Blvd. The current building will be modified from labs/office space/storage to school use; the building will stay one story. This will help expand the Charter School and expand the current enrollment of Elementary to High School students. The project will begin with K-2. This will be the fourth project with the Town of Hempstead LDC.A motion was made by James Marsh to adopt an Inducement Resolution for The Academy Charter School. The motion was seconded by Gerilyn Smith. 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 approve a resolution appointing Nixon Peabody, LDC Bond/Transaction. This motion was seconded by Eric Mallette. All were in favor. Motion carried.

Minutes of the March 29, 2018 Meeting: A motion was made by James Marsh to adopt the minutes of the March 29, 2018 meeting. This motion was seconded by Flo 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 March 22, 2018 – April 19, 2018.

With all business concluded, James Marsh made a motion to adjourn the meeting at 10:27 a.m.  This motion was seconded by Eric Mallette.  All were in favor.  Motion carried.

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Eric C. Mallette, Secretary, May 24, 2018