TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING, MAY 27, 2009.
IDA OFFICE, 350 FRONT STREET, HEMPSTEAD

AGENDA:  Presentation and Consideration of an Inducement for West Hempstead Development LLC, Consideration of Tenant Consent for 865 Merrick Partners, LLC, Consideration of Sales Tax Exemption Extension for Rivkin Radler, Executive Director’s Report, 2008 Compliance Update, Consideration and Adoption of Agency By-laws, Consideration and Adoption of Whistleblower Policy, Consideration and Adoption of Travel Policy, Consideration and Adoption of Property Disposition Policy, Adoption of Committee Assignments, Consideration of a Resolution to retain the services of Thomas Conscenti, Consideration of an amended and restated PILOT Agreement for Rex Uniondale Hotel,  Consideration of a Resolution to authorize payment to NDH Enterprises for computer related expenses, Consideration and Adoption of the Minutes of the April 22, 2009 meeting.

Those in attendance: 	Ted Sasso, Chairman
			Paul Conte, Vice Chairman
			Ari Brown, Member
Albert D’Agostino, 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:		Cheryl Petri, Secretary 
			Jonathan Kohan, Treasurer
			Patricia Mezeul, Member
			John Ryan, Ryan, Brennan, Donnelly

The meeting was called to order at 9:30 a.m.

West Hempstead Development LLC:  David Leno of Ruskin, Moscou, and Faltischek, and Maria Rigopoulos of West Hempstead Development LLC made a presentation to the Board outlining their market-rate rental housing project to replace the Courtesy Hotel, located at 130 Hempstead Avenue, West Hempstead.  They are requesting IDA benefits in the form of a 20-year PILOT agreement, Sales Tax exemption, and Mortgage Recording Tax Exemption.  The vote to induce this project was tabled until a quorum of IDA Board Members could be present.  

865 Merrick Partners LLC:  Ted Sasso made a motion to approve the Tenant Consent for Guardian Insurance Co. to relocate to 865 Merrick Avenue, Westbury.  This motion was seconded by Al D’Agostino.  All were in favor.  Motion carried. 

Rivkin Radler:  Al D’Agostino made a motion to approve a Sales Tax Exemption Extension for Rivkin Radler to September 30, 2009.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried

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. 

2008 Compliance Update:  Edie Longo advised the Board that the Agency was at near full compliance from all projects, awaiting only a few audited financial statements.  

Agency By-laws:  Al D’Agostino made a motion to re-adopt the Agency By-laws.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried

Whistleblower Policy:  Al D’Agostino made a motion to re-adopt the Whistleblower Policy.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried

Travel Policy:  Al D’Agostino made a motion to re-adopt the Travel Policy.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried

Property Disposition Policy: Al D’Agostino made a motion to re-adopt the Property Disposition Policy.  This motion was seconded by Ted Sasso.  All were in favor.  Motion carried

Committee Assignments: Ted Sasso made a motion to adopt the Committee Assignments as presented.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried

Thomas Conscenti:  A motion was made by Ted Sasso to adopt a Resolution to retain the services of Thomas Conscenti to assist in the development of a revised cost-benefit analysis.  This motion was seconded by Al D’Agostino.  All were in favor.  Motion carried. 

Rex Uniondale Hotel:  A motion was made by Al D’Agostino to adopt the amended and restated PILOT Agreement for Rex Uniondale Hotel LLC. This motion was seconded by Paul Conte.  All were in favor.  Motion carried.

NDH Enterprises:  A motion was made by Paul Conte to adopt a Resolution to enter into a contract with NDH Enterprises for computer related services.  This motion was seconded by Al D’Agostino.  All were in favor.  Motion carried

Minutes:  Paul Conte made a motion to adopt the Minutes for the April 22, 2009 meeting.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.  

Covanta 4th Boiler:  Bill Weir updated the Board on the status of the D.E.I.S. for the construction of the 4th Boiler, and Covanta’s plan to redeem the project bonds early.

Committee Reports:  There were no Committee reports.  The Advertising Committee will meet following the June 24, 2009 Board Meeting.  The Governance Committee will meet in September 2009. 

With all business concluded, Paul Conte made a motion to close the meeting at 10:30 a.m.  This motion was seconded by Al D’Agostino.  All were in favor.  Motion carried.

________________________________________
Edie M. Longo, Deputy Executive Director/CFO 
May 27, 2009