Town of Hempstead
LOCAL DEVELOPMENT CORPORATION
September 18, 2018 9:00 AM
Town Hall Pavilion, 1 Washington Street, Hempstead
MEETING

Agenda:  Consideration and Adoption of an Authorizing Resolution for Molloy College, Consideration of a resolution authorizing the return of Edie Longo as a part time employee at the Town of Hempstead LDC, Consideration and Approval of the Minutes of August 23, 2018, Presentation of Draft Budget for 2019, Financial Statements & Expenditure List August 17, 2018 – September 11, 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
                                      Jack Majkut, Member

                                       

Also in attendance:       Frederick E. Parola, Executive Director/CEO	
                                      Edie M. Longo, Deputy Executive Director/CFO
                                      Michael Lodato, Corporate Administrator    
                                       John E. Ryan, Corporation Counsel            
                                      William Weir, Nixon Peabody, Transaction Counsel
                                      Alan Wax, Todd Shapiro Associates

Excused:                       Richard DeBrosse, Esq. Member,  

 
                                                                                                                                                            
The Meeting was called to order at 10:28 a.m.  
The Chairman confirmed a quorum was present. 

Consideration and Adoption of an Authorizing Resolution for Molloy College: A motion was made Florestano Girardi to adopt an Authorizing Resolution for Molloy College. The motion was seconded by James Marsh. All were in favor. Motion carried.   

Consideration of a resolution authorizing the return of Edie Longo as a part-time employee at the Town of Hempstead LDC: A motion was made by Florestano Girardi to adopt a resolution authorizing the return of Edie Longo as a part time employee to the Town of Hempstead LDC. The motion was seconded by John Ardito. All were in favor. Motion carried.

Minutes of the August  23, 2018 Meeting: A motion was made by Florestano Girardi to adopt the minutes of the August 23, 2018 meeting. This motion was seconded by Eric Mallette. All were in favor. Motion carried.

Draft Budget: The Board was furnished with a copy of the Draft. A motion was made by James Marsh to adopt the LDC 2019 Draft Budget. The motion was seconded by Florestano 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 August 17, 2018 – September 11, 2018.

With all business concluded, James Marsh made a motion to adjourn the meeting at 10:38 a.m.  This motion was seconded by Florestano Girardi.  All were in favor.  Motion carried.

________________________________________
Eric C. Mallette, Secretary, October 25, 2018