TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING, APRIL 28, 2010.
OLD COURTHOUSE, 350 FRONT STREET, HEMPSTEAD

Agenda: Consideration of Termination of Benefits to Zomick’s, Executive Directors Report, Consideration of a Resolution to change the May meeting date, Review of contract agreement between the IDA and the LDC, Consideration of a Ratifying and Confirming Resolution for Kimba Inc./ET Custom Millwork Inc., Consideration of a Resolution to authorize payment to Thomas Conoscenti, Consideration and Adoption 
of the Minutes of previous meetings, Discussion relating to Covanta, Compliance Update 2009, Treasurer’s Report, Committee Updates

Those in attendance: 	Ted Sasso, Chairman
			Paul Conte, Vice Chairman
Al D’Agostino, Secretary
Ari Brown, Member
 			Danny Grodotzke, Member

Also in attendance:	John E. Ryan, Agency Counsel 
Frederick E. Parola, Executive Director/CEO
Edie M. Longo, Deputy Executive Director/CFO
			Lorraine Rhoads, Agency Administrator
                                    Arlyn Eames, Deputy Financial Officer
Gene Turner, Consultant
			Michael Lodato, Deputy Agency Administrator                        

Absent:		Jonathan Kohan, Treasurer
			William F. Weir, Nixon Peabody

The meeting was called to order at 9:17 a.m.

Zomick’s:  Fred Parola advised that Board that Zomick’s did not resolve the issue of the default on their mortgage within thirty days as requested by the Board at the Meeting on March 24, 2010.  Paul Conte made a motion to terminate benefits for this project.  This motion was seconded by Dan Grodotzke.  All were in favor.  Motion carried.  John Ryan will prepare a notification to the company.
Executive Director’s Report: The Board was furnished a copy of the Executive Director’s Report.  Mr. Parola updated the Board on the status of pending projects. 

May Board Meeting:  Ted Sasso made a motion to change the date of the May Board Meeting to May 19, 2010 at 9:00 a.m., due to a conflict of dates with the NYS EDC Annual Meeting Cooperstown (May 26, 27, and 28, 2010).  This motion was seconded by Al D’Agostino.  All were in favor.  Motion carried.  

Contract between IDA and LDC:  The Board was asked to considerthe Inter-Municipal Services Agreement between the Town of Hempstead Industrial Development Agency and the Town of Hempstead Local Development Agency.  Dan Grodotzke made a motion to adopt the Agreement.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.  

Kimba Inc./ET Custom Millwork Inc.: Ted Sasso made a motion to adopt the Ratifying and Confirming Resolution for the purchase and installation of radiator covers for the IDA offices, and the building of shelving units for the file room, for an amount not to exceed $4,000.00.   This motion was seconded by Dan Grodotzke.  All were in favor.  Motion carried.  

Thomas Conoscenti Associates:  Ari Brown made a motion to adopt an Amended Resolution for Thomas Conoscenti Associates to provide the IDA with economic consulting services related to the Agency’s Cost-Benefit Impact Statement, and to authorize payment to Thomas Conoscenti for the required upgrades, in an amount not to exceed $175.00 per hour.  This motion was seconded by Al D’Agostino.  All were in favor.  Motion carried.  

Minutes:  Paul Conte made a motion to adopt the Minutes of the Special Meeting on March 3, 2010.  This motion was seconded by Dan Grodotzke.  All were in favor.  Motion carried.  Ari Brown made a motion to adopt the Minutes of March 24, 2010.  This motion was seconded by Paul Conte.  All were in favor.  Motion carried.  

Covanta:  The Board was briefed about the status of the Covanta 4th Boiler Expansion and finalizing of the FEIS.

Compliance 2009 Update:  Edie Longo provided the Board with a summary of projects with employment shortfalls, as well as copies of letters of explanation from the companies.  She asked that the Board review the summary and letters and advise her of any concerns about any of the projects with regards to employment.  Fred Parola advised the Board that he would reach out to the companies with shortfalls and ask them to give him projections for future employment. 

Report of the Treasurer:  The Board was furnished copies of the Financial Statements and Expenditure List for March 24, 2009 – April 27, 2010.   

Committee Updates:  There were no Committee updates.

With all business concluded, Al D’Agostino made a motion to close the meeting at 
9:38 a.m..  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

________________________________________
Al D’Agostino, Secretary 
April 28, 2010