TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING
NOVEMBER 14, 2012, 9:00 a.m.
IDA OFFICE, 350 FRONT STREET, HEMPSTEAD

Agenda: Consideration of an Authorizing Resolution for Zwanger Pesiri Lynbrook, Consideration of a Tenant Consent for Opthalmic Consultants for AG Metropolitan/711 Stewart Avenue, Garden City, Executive Director’s Report, Consideration and Adoption of Governance Committee Charter, Consideration and Adoption of Audit Committee Charter, Consideration and Adoption of Finance Committee Charter, Consideration of a Resolution to change the December meeting time, Update Circulo de la Hispanidad and Peninsula Counseling, Consideration and Adoption of the Minutes of October 24, 2012, Report of the Treasurer, Executive Session, Committee Updates, Unfinished Business

Those in attendance: 	Ted Sasso, Chairman
			Paul Conte, Vice Chairman
			Jonathan Kohan, Treasurer
Ari Brown, 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                        
Gene Turner, Consultant
Cheryl Petri, Office of the Supervisor

Excused:		Al D’Agostino, Secretary
Danny Grodotzke, Member
Richard Bianculli, Member
									
The meeting was called to order at 9:38 a.m. in the IDA Office.  The Courthouse was not available.

Zwanger Pesiri Lynbrook:  Zwanger Pesiri is seeking IDA benefits for the acquisition 
of a 0.9572 parcel located at 443-449 Sunrise Highway for the construction and equipping of an approximately 8,000 square foot building in the Village of Lynbrook, 
for their radiology practice.  Benefits will include a PILOT Agreement and a Sales Tax Exemption.  Ted Sasso made a motion to adopt an Authorizing Resolution and PILOT Agreement for this project.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

AG Metropolitan/711 Stewart Avenue - Opthalmic Consultants Tenant Consent:  AG Metropolitan/711 Stewart Avenue requested approval of a new tenant, Opthalmic Consultants, for the property located at 711 Stewart Avenue, Garden City.  Opthalmic Consultants will occupy approximately 10,070 square feet of space for their medical practice.  Jonathan Kohan made a motion to approve the tenant consent.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.

Executive Directors Report:  The Board was furnished with a copy of the Executive Director’s Report.  Fred Parola advised the Board that the agency is receiving a number of phone calls generated by advertising on Bloomberg Radio.  

Governance Committee Charter:  Jonathan Kohan made a motion to approve the Governance Committee Charter as presented by the Governance Committee.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.

Audit Committee Charter:  Jonathan Kohan made a motion to approve the Audit Committee Charter as presented by the Audit Committee.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.

Finance Committee Charter:  Jonathan Kohan made a motion to approve the Finance Committee Charter as presented by the Finance Committee.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.

December Meeting Time Change:  Ted Sasso made a motion to change the time of the December 19, 2012 meeting to 10:30 a.m.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Circulo de la Hispanidad:  Fred Parola advised the Board that he reached out to Circulo de la Hispanidad, but did not receive a reply.  Therefore, there was no new information to report. 
 
Peninsula Counseling:  Fred Parola advised the Board that he reached out to Peninsula Counseling, but did not receive a reply.  Therefore, there was no new information to report. 

Minutes:  Ted Sasso made a motion to adopt the Minutes of October 24, 2012 as presented to the Board.  This motion was seconded by Ari Brown.  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 17, 2012 – November 7, 2012.  Jonathan Kohan advised fellow Board members that all was in good order.

Committee Updates:  The Governance, Audit, and Finance Committees all met prior to the Board Meeting.  Each committee submitted adopted charters to be voted on by the full Board.  The Advertising Committee was scheduled to meet following the Board Meeting at 10:15 a.m.

With all business concluded, Ari Brown made a motion to close the meeting at 9:50 a.m.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.
 
_______________________________________
Ted Sasso, Chairman
November 14, 2012