TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING, JULY 22, 2009.
OLD COURTHOUSE, 350 FRONT STREET, HEMPSTEAD

AGENDA:  Consideration of an Authorizing Resolution for West Hempstead Development LLC, Executive Director’s Report, Consideration of a Resolution to Appoint a New Agency Secretary, 2008 Compliance Update, Update on Data and Cost Benefit Analysis and Impact statement by Tom Conoscenti, Consideration of a Resolution to enter into contract with Kimba Construction for radiator covers for the IDA offices, Discussion of the Distinguished Lecture Series: Hofstra Breakfast, Consideration of a Resolution to support the LIBDC Annual Meeting in Montauk, Consideration and Adoption of the Minutes of previous meetings, Treasurer’s Report, and Committee Updates.

Those in attendance: 	Ted Sasso, Chairman
Jonathan Kohan, Treasurer
Al D’Agostino, Member
Ari Brown, Member
Pat Mezeul, Member
Dan Grodotzke, Member
			
Also in attendance:	William F. Weir, Nixon Peabody
Frederick E. Parola, Executive Director/CEO
Edie M. Longo, Deputy Executive Director/CFO
			Lorraine Rhoads, Agency Administrator
			Arlyn Eames, Deputy Agency Administrator
			Gene Turner, Consultant
			
Absent:		Paul Conte, Vice Chairman
			John E. Ryan, Agency Counsel

The meeting was called to order at 9:00 a.m.

(Al D’Agostino was recused from the following matter and left the meeting room.)
West Hempstead Development LLC:  Pat Mezeul made a motion to approve the Authorizing Resolution to West Hempstead Development LLC.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried. (Al D’Agostino returned to the meeting room.) 

Executive Director’s Report: The Board was furnished a copy of the Executive Director’s Report.  Fred Parola updated the Board on the status of pending projects. 

New Agency Secretary:  Ted Sasso made a motion to appoint Al D’Agostino the new Agency Secretary.  This motion was seconded by Pat Mezeul.  All were in favor.  Motion carried.

2008 Compliance Update:  The Board was furnished with the report of the current status of compliance.  The Board was advised that the IDA is awaiting the last of the audited financial statements for the companies.

Cost Benefit Analysis:  The Board was given a copy of the preliminary report prepared by Thomas Conoscenti, for their review.

Kimba Construction:  Jonathan Kohan made a motion to enter into contract with Kimba Construction for the construction of radiator covers for the Agency’s offices, for an amount not to exceed $10,000.  This motion was seconded by Al D’Agostino.  All were in favor.  Motion carried.  Ari Brown recused.

LIBDC:  Pat Mezeul made a motion to adopt a Resolution supporting the LIBDC Annual Meeting in Montauk, September 30 – October 2, 2009.  This motion was seconded by Al D’Agostino.  All were in favor.  Motion carried.  

Minutes:  Jonathan Kohan made a motion to adopt the Minutes of June 3, 2009.  This motion was seconded by Ted Sasso.  All were in favor.  Motion carried.  Jonathan Kohan made a motion to adopt the Minutes of June 24, 2009.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Committee Updates:  The Advertising Committee will meet following the regular Board meeting on August 26, 2009. The Governance and Audit Committees will meet in September.  Jonathan Kohan made a motion to adopt Resolution for the Committee Appointments.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

With all business concluded, Ted Sasso made a motion to close the meeting at 9:52 a.m.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

________________________________________
Al D’Agostino, Secretary 
June 24, 2009