Town of Hempstead
LOCAL DEVELOPMENT CORPORATION
BOARD MEETING
September 28, 2017 10:00 AM
Town Hall Pavilion, 1 Washington Street, Hempstead

Agenda: Consideration and Re-Adoption of the LDC By-Laws, Consideration and Re-Adoption of the LDC Travel Policy, Consideration and Re-Adoption of the Code of Conduct/Whistle Blower Policy, Consideration and Re-Adoption of the Conflict of Interest Policy, Consideration and approval of the Minutes of August 24th, 2017, Adoption of the 2018 LDC Draft Budget, Financial Statements & Expenditure List: August 12th, 2017 – September 21st, 2017.

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

Absent:                        John Ferretti, Member

 

The Meeting was called to order at 9:50 a.m.  
The Chairman confirmed a quorum was present. 

Re-Adoption of the LDC By-Laws: A motion was made by Bill Hendrick to re-adopt the LDC By-Laws. The motion was seconded by Florestano Girardi. All were in favor. Motion carried.   

Re-Adoption of the LDC Travel Policy: A motion was made by Florestano Girardi to re-adopt the LDC Travel Policy. The motion was seconded by Eric Mallette. All were in favor. Motion carried.   

Re-Adoption of the LDC Code of Conduct/Whistle Blower Policy: A motion was made by Eric Mallette to re-adopt the LDC Code of Conduct/Whistle Blower Policy. The motion was seconded by Gerilyn Smith. All were in favor. Motion carried.   

Re-Adoption of the LDC Conflict of Interest Policy: A motion was made by Florestano Giardi to re-adopt the LDC Conflict of Interest Policy. The motion was seconded by Bill Hendrick. All were in favor. Motion carried.   

Minutes of the August 24th, 2017 Meeting: A motion was made by Eric Mallette to adopt the minutes of the August 24th, 2017 meeting. This motion was seconded by Florestano Girardi. All were in favor. Motion carried.

Adoption of the 2018 LDC Draft Budget: A motion was made by Bill Hendrick to adopt the 2018 LDC Draft Budget. 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 August 12th, 2017 – September 21st, 2017.

With all business concluded, Florestano Girardi made a motion to adjourn the meeting at 9:55 a.m.  This motion was seconded by Eric Mallette.  All were in favor.  Motion carried.

________________________________________
Eric C. Mallette, Secretary, October 26, 2017