TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING
NOVEMBER 18, 2015, 9:00 a.m.
Old Courthouse, 2nd Floor, 350 Front Street, Hempstead

Agenda: Consideration of a Tenant Consent for Ulta Salon at Green Acres Adjacent, Consideration of a Tenant Consent for GA Beauty Corp. at Valley Stream Green Acres Mall, Consideration of an Inducement for 990 Stewart Owner LLC (9:15 a.m. presentation), Executive Director’s Report, Consideration of a Resolution to change the December meeting time to 11:00 a.m. followed by a luncheon meeting at 12:30 p.m., Update Circulo de la Hispanidad, Update Shor Yoshuv, Consideration and Adoption of the Minutes of October 28, 2015,  Report of the Treasurer, Executive Session

Those in attendance: 	Theodore P. Sasso, Jr., Chairman
			Ari Brown, Vice Chairman
			Jonathan Kohan, Treasurer
			Danny Grodotzke, Secretary
			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
Lorraine Rhoads, Agency Administrator
                                    	Arlyn Eames, Deputy Financial Officer
			Michael Lodato, Deputy Agency Administrator                        

Excused:		Edie M. Longo, Deputy Executive Director/CFO	
Cheryl Petri, Office of the Supervisor
									
The meeting was called to order at 9:06 a.m.  The Chairman declared a quorum was present.  

Green Acres Adjacent - Tenant Consent for Ulta Salon:  Ted Sasso made a motion to approve a tenant consent for Ulta Salon, Cosmetics and Fragrance Inc.  The cosmetic company will occupy 10,654 feet of space at Green Acres Adjacent, 750 West Sunrise Highway, Valley Stream.  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

Valley Stream Green Acres - Tenant Consent for GA Beauty Corp.:  Ray Maguire Ted Sasso made a motion to approve a tenant consent for GA Beauty Corp.  The beauty supply company will occupy 5,487 square feet of space at the Green Acres Mall, Valley Stream.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

990 Stewart Owner:  Dan Baker, Esq., Certilman Balin, and D.J. Venn, VP Onyx Equities made a presentation on the proposed project for 990 Stewart Avenue, Garden City.  The company is seeking IDA assistance for the renovation and upgrade of the 6-story building, parking lot and 4.87 acre property. The project is a joint venture between Onyx Equities and The Davis Companies.  The company is seeking a 15-year PILOT Agreement and Sales Tax Exemption.  Ted Sasso made a motion to induce this project. This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

December Meeting Time Change:  Ted Sasso made a motion to change the time of the December 16, 2015 meeting to 11:00 a.m. to be followed by a luncheon at 12:30 p.m. at Ruth’s Chris Steak House, 600 Old Country Road, Garden City. This motion was seconded by Ray Maguire.  All were in favor.  Motion carried.  

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

Circulo de la Hispanidad:  This item was tabled.

Shor Yoshuv:  This item was tabled.

Minutes:  Ray Maguire asked that the Minutes be amended to include the Freeport Board Member names as they were present at the September 23, 2015 meeting.  Ted Sasso made a motion to adopt the Minutes as amended. 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 October 22, 2015 - November 12, 2015.

With all business concluded, Ari Brown made a motion to adjourn at 9:32 a.m...  This motion was seconded by Ann DeMichael.  All were in favor.  Motion carried.

______________________________
Danny Grodotzke, Secretary 
December 16, 2015