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

Consideration and Adoption of an Amended Bond Resolution for The Academy Charter School, Executive Director’s Report, Consideration and Approval of the Minutes of June 22, 2017, Financial Statements & Expenditure List June 16, 2017 – July 19, 2017, Adoption of new Corporation Committees, Executive Session.

Those in attendance: 	  Arthur J. Nastre, Chairman
                                       William Hendrick, Vice Chairman
                                        Florestano Girardi, Treasurer    
                                        Eric C. Mallette, Secretary
                                        John Ferretti, 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
                                      John E. Ryan, Corporation Counsel            
                                      William Weir, Nixon Peabody, Transaction Counsel
                                                                         
Excused:                        

 

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

Consideration and Adoption of an Amended Bond Resolution for The Academy Charter School: A motion was made by William Hendrick to adopt an Amended Bond Resolution for the Academy Charter School to increase the taxable portion of  the Bond Series B. 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. 

Minutes of the June 22, 2017 Meeting: A motion was made by Flo Girardi to adopt the minutes of the June 22, 2017 meeting. This motion was seconded by John Ferretti. 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 June 16, 2017 – July 19, 2017.

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

Executive Session: A motion was made by John Ferretti to go into an Executive Session. The motion was seconded by Flo Girardi at 10:20 A.M.

A motion was made by Bill Hendrick to come out of Executive Session. The motion was seconded by John Ferretti at 10:40. A.M.

With all business concluded, Flo Girardi made a motion to adjourn the meeting at 10:40 a.m.  This motion was seconded by John Ferretti, Jr.  All were in favor.  Motion carried.

________________________________________
Eric C. Mallette, Secretary, August 24, 2017