OPERATIONS & ACCOMPLISHMENTS REPORT 2020
TOWN OF HEMPSTEAD
LOCAL DEVELOPMENT CORPORATION

The Town of Hempstead Local Development Corporation was reconstituted from its inactive status on March 25, 2009, with the adoption of its corporate by laws by its Board of Directors. The Town of Hempstead Local Development Corporation is authorized by law to provide benefits to not-for-profits, academic and education institutes, and charitable entities.

In 2020, the LDC provided both tax exempt education revenue bonds, Series 2020A for $35,860,000.00 and Series 2020B for $22,135,000.00 as well as taxable education revenue bonds, Series 2020C for $945,000.00 to the Academy Charter School in Uniondale. The Academy sought to extend the school’s use of its Uniondale facility to add vocational training and 125 new students. The project included construction of a new facility with eighteen classrooms on the middle school parking lot within Hempstead Village and to expand the facility at that situs to create a middle school. 

The proposal would add sixty new employees at the Uniondale site and seventeen at the Hempstead location in year three.  

Resolution Number:  011 – 2021 LDC
Adopted:  3/25/21
Ayes: 5
Nays: 0

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Florestano Girardi
Chairman