Town of Hempstead
LOCAL DEVELOPMENT CORPORATION
August 24th, 2016 10:00 AM
Courtroom, 350 Front Street, Hempstead
MEETING

Agenda:  Review of the 2017 LDC Preliminary Budget, Consideration and approval of the Minutes of May 18th, 2016, Financial Statements & Expenditures List: May 12th, 2016 – August 17th, 2016

Those in attendance: 	Ted Sasso, Chairman
                                       Ari Brown, Vice Chairman
                                       Jonathan Kohan, Treasurer      
                                       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

Excused:                       Cheryl Petri, Secretary                              
                                                                                                                           
The Meeting was called to order at 10:30 a.m.       

The Chairman confirmed a quorum was present. 

Review of 2017 LDC Preliminary Budget: The Preliminary Draft Budget was furnished to the Board.  

Minutes of the May 18th, 2016 Meeting: A motion was made by Ted Sasso to adopt the minutes of the May 18th, 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 May 12th, 2016 – August 17th, 2016.

With all business concluded, Ari Brown made a motion to adjourn the meeting at 10:45 a.m.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

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Ted Sasso, Chairman, September 28th, 2016