These Minutes have not yet been approved.  They will appear on the August 26, 2015 Agenda.

TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING
JULY 22, 2015, 9:00 a.m.
Old Courthouse, 2nd Floor, 350 Front Street, Hempstead

Agenda: Consideration of a Resolution to rescind the Inducement and Authorizing Resolutions for Avalon of Rockville Centre II, Centre Avenue, Consideration of an Authorizing Resolution for Summitt Hotel, Garden City, Consideration of a Tenant Consent for Equity One – Mystique Boutique, Executive Director’s Report, Update Circulo de la Hispanidad, Update Shor Yoshuv, Consideration and Adoption of the Minutes of June 23, 2015,  Report of the Treasurer, Executive Session

Those in attendance: 	Theodore P. Sasso, Jr., Chairman
			Ari Brown, Vice Chairman
Danny Grodotzke, Secretary
Jonathan Kohan, Treasurer
			Ray Maguire, Member
			Ann DeMichael, Member
		
Also in attendance:	John E. Ryan, Agency Counsel 
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 Financial Officer
			Michael Lodato, Deputy Agency Administrator                        
			
Excused:		Cheryl Petri, Office of the Supervisor
									
The meeting was called to order at 9:08 a.m.

Summit Hotel OP LP:  Dan Grodotzke made a motion to adopt an Authorizing Resolution for a Sales Tax Exemption in the amount of $1,600,000.00 for renovations and upgrades for Summitt Hotel OP LP, 5 North Avenue, Garden City.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

Equity One – Tenant Consent for Mystique Boutique Gallery Inc.:  Ted Sasso made a motion to approve a Tenant Consent for Mystique Boutique Gallery Inc., a clothing and accessories store, for the property located at 900 Old Country Road, Westbury.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

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

Jonathan Kohan arrived at the meeting.

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

Shor Yoshuv:  This item was tabled to the August meeting.

Minutes:  Ray Maguire made a motion to adopt the Minutes of June 23, 2015. This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.  

Report of the Treasurer:  The Board was furnished with copies of the Financial Statements and Expenditure List for June 18, 2015 – July 15, 2015.  

Ted Sasso made a motion to go into Executive Session to discuss a matter of potential litigation.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

Ted Sasso made a motion to come out of Executive Session.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

Avalon of Rockville Centre II:   No further action was taken by the Board.

With all business concluded, Ted Sasso made a motion to adjourn.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

______________________________
Danny Grodotzke, Secretary 
August 26, 2015