Town of Hempstead
LOCAL DEVELOPMENT CORPORATION
August 24, 2017 10:00 AM
Town Hall Pavilion, 1 Washington Street, Hempstead
MEETING

Agenda: Review of the 2018 LDC Preliminary Draft Budget, Executive Director’s Report, Consideration and Approval of the Minutes of July 27, 2017, Financial Statements & Expenditures List – July 20, 2017 – August 11, 2017

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

Excused:                        Gerilyn Smith, Member
                                      William Weir, Nixon Peabody, Transaction Counsel
                                       Barry Carrigan, Nixon Peabody, Transaction Counsel

 

The Meeting was called to order at 11:50 a.m.  
The Chairman confirmed a quorum was present. 

Review of LDC 2018 Preliminary Draft Budget: A motion was made by John Ferretti to adopt an the 2018 Preliminary Draft Budget. The motion was seconded by Bill Hendrick. All were in favor. Motion carried.   

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

Minutes of the July 27, 2017 Meeting: A motion was made by Bill Hendrick to adopt the minutes of the July 27, 2017 meeting. This motion was seconded by Eric Mallette. 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 July 20, 2017 – August 11, 2017.

With all business concluded, Flo Girardi made a motion to adjourn the meeting at 11:55 a.m.  This motion was seconded by Bill Hendrick.  All were in favor.  Motion carried.

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Eric C. Mallette, Secretary, September 28, 2017