Town of Hempstead
LOCAL DEVELOPMENT CORPORATION
April 27, 2017 10:00 PM
Town Hall Pavilion, 1 Washington Street, Hempstead
MEETING

Agenda:  Consideration and Adoption of an Inducement Resolution for Molloy College, 10:00 a.m. Presentation, Consideration and Adoption of an Authorizing Resolution for Hofstra University,  Consideration and Adoption of a Resolution approving Bluetooth Creative Group to host and maintain the LDC Website, Executive Director’s Report, Consideration of a Resolution to appoint the LDC Committee Members, Consideration and Approval of the Minutes of March 30, 2017, Financial Statements & Expenditure List March 24, 2017 – April 19, 2017

Those in attendance: 	  Arthur J. Nastre, Chairman
                                        William Hendrick, Vice Chairman
                                        Florestano Girardi, Treasurer    
                                        Eric C. Mallette, Secretary
                                        John Ferretti, Member
                                        Steven Raiser, Member
                                        Gerilyn Smith, Member

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

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

Consideration and Adoption of an Inducement Resolution for Molloy College: A motion was made by Flo Girardi to adopt an Inducement Resolution for Molloy College to refund existing outstanding bonds. The motion was seconded by William Hendrick. All were in favor. Motion carried.   

Consideration and Adoption of an Authorizing Resolution for Hofstra University: A motion was made by Flo Girardi to adopt an Authorizing Resolution for Hofstra University to fund the new business school and refund existing bonds. The motion was seconded by John Ferretti. All were in favor. Motion carried.   

Consideration and Adoption of a Resolution Approving Bluetooth Creative Group to host and maintain the LDC website: A motion was made by Eric Mallette to adopt a resolution for Bluetooth Creative Group to host and maintain the LDC Website. The motion was seconded by Flo Girardi. All were in favor. Motion carried.   

Executive Director’s Report:
The Board was furnished with the Executive Director’s Report. 

Adoption of a Resolution Appointing the LDC Committee Members: A motion was made by John Ferretti to adopt a resolution to appoint the LDC Committee Members. The motion was seconded by Flo Girardi. All were in favor. Motion carried.   

Minutes of the March 30, 2017 Meeting: A motion was made by William Hendrick to adopt the minutes of the March 30, 2017 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 February 10, 2017 – March 23, 2017.

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

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Eric C. Mallette, Secretary, May 18, 2017