TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING
JUNE 25, 2014, 9:00 a.m.
Old Courthouse, 350 Front Street, Hempstead

Agenda:  Consideration of an Extension of Lease for Lifetime Brands, 1000 Stewart Avenue, Garden City, Executive Directors Report, Consideration and Adoption of Agency Committees, Consideration of a Resolution to amend Resolution 024-2010 with regard to the hiring of Michael Lodato, Renewal of Notary License for Mike Lodato, Update Circulo de la Hispanidad, Update PILOT Agreements/Tax Bills Dentaco and Magna Care, Consideration and Adoption of the Minutes of May 28, 2014, Consideration of a Resolution to transfer Agency Funds to Retirement Health Insurance Account, Report of the Treasurer, Executive Session, Committee Updates

Those in attendance: 	Theodore P. Sasso, Jr., Chairman
			Jonathan Kohan, Treasurer
			Danny Grodotzke, Member
Richard Bianculli, Member
		Ray Maguire, Member
			Ann DeMichael, Member
		
Also in attendance:	John E. Ryan, Agency Counsel
			Barry Carrigan, Nixon Peabody
Frederick E. Parola, Executive Director/CEO
			Lorraine Rhoads, Agency Administrator
                                   	Arlyn Eames, Deputy Financial Officer
			Michael Lodato, Deputy Agency Administrator                       
			Cheryl Petri, Office of the Supervisor

Excused:		Ari Brown, Secretary
Edie M. Longo, Deputy Executive Director/CFO	
William F. Weir, Nixon Peabody

The meeting was called to order at 9:01 a.m. 

Lifetime Brands:  Garden City 505 LLC, 1000 Stewart Avenue, Garden City, requested Agency approval for an extension of their Lease Agreement with Lifetime Brands, Inc.  Lifetime Brands is expanding and will add 13,000 square feet for a total of 18,000 square feet of space.  Ted Sasso made a motion to approve the lease extension.  This motion was seconded by Richard Bianculli.  All were in favor.  Motion carried.  

Executive Director’s Report:  Fred Parola updated the Board on the status of both active and inactive projects.

Agency Committees:  Ted Sasso made a motion to adopt the Agency Committees for 2014.  This motion was seconded by Ray Maguire.  All were in favor.  Motion carried.

Mike Lodato Resolution 024-2010 Amendment:  Jonathan Kohan made a motion to amend Resolution 024-2010 with regard to the hiring of Mike Lodato, Deputy Agency Administrator so as to clarify employment status and salary.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.  

Mike Lodato Notary License:  Jonathan Kohan made a motion to authorize payment for Mike Lodato, Deputy Agency Administrator to renew his Notary License for $60.00.  This motion was seconded by Richard Bianculli.  All were in favor.  Motion carried.  

Circulo de la Hispanidad:  This item was tabled to the July meeting.

Dentaco and Magna Care Tax Bills: This item was tabled to the July meeting.

Minutes:  Ray Maguire made a motion to adopt the Minutes of May 28, 2014.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried.  

Transfer of Agency Funds to Retirement Health Insurance Fund:  Jonathan Kohan made a motion to adopt a Resolution authorizing a budget line transfer from the Agency Fund Balance to the Post Retirement Health Insurance Account in the amount of $250,000.00.  This motion was seconded by Richard Bianculli.  All were in favor.  Motion carried.  

Report of the Treasurer:  The Board was furnished with copies of the Financial Statements and Expenditure List for May 22, 2014 – June 18, 2014

With all business concluded, Jonathan Kohan made a motion to adjourn the meeting at 9:17 a.m.  This motion was seconded by Ray Maguire.  All were in favor.  Motion carried.

______________________________
Theodore P. Sasso, Chairman
July 23, 2014