TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING, SEPTEMBER 22, 2010.
OLD COURTHOUSE, 350 FRONT STREET, HEMPSTEAD

Agenda: Consideration of a Tenant Consent for AG Metropolitan 711 Stewart Avenue, Executive Directors Report, Consideration and Adoption of the Minutes of August 25, 2010, Consideration of an Approval of the FEIS for Covanta 4th Boiler, Consideration of an amended Authorizing Resolution for Millennium Realty LLC, Treasurer’s Report, Committee Updates.

Those in attendance: 	Ted Sasso, Chairman
			Jonathan Kohan, Treasurer
Al D’Agostino, Secretary 
			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
			Michael Lodato, Deputy Agency Administrator                        

Absent:			Paul Conte, Vice Chairman
			Ari Brown, Member
Gene Turner, Consultant
			William F. Weir, Nixon Peabody			
			
The meeting was called to order at 9:10 a.m.

AG Metropolitan 711 Stewart Avenue:  Jonathan Kohan made a motion to approve a Tenant Consent for BJ’s Wholesale Club, which will occupy 121,000 square feet of wholesale/retail floor space at 711 Stewart Avenue, Garden City.  This motion was seconded by Danny Grodotzke.  All were in favor.  Motion carried. 

Executive Director’s Report: The Board was given a copy of the Executive Director’s Report.  Fred Parola advised the Board that there have been no changes since the August Board meeting.  

Minutes:  Jonathan Kohan made a motion to adopt the Minutes of the August 25, 2010.  This motion was seconded by Al D’Agostino.  All were in favor.  Motion carried.   

Approval of Covanta 4th Boiler FEIS:  This item was tabled until the October Board Meeting.

Millennium Realty LLC:  This item was tabled until the October Board Meeting.

Report of the Treasurer:  The Board was furnished copies of the Financial Statements and Expenditure List for August 25, 2010 – September 21, 2010.  

2011 Budget:  Jonathan Kohan made a motion to adopt the Draft Budget for 2011, and to submit to the Town Clerk for public comment.  This motion was seconded by Al D’Agostino.  All were in favor.  Motion carried.

Committee Updates:  Several committee meetings were held prior to, and several committee meetings will be held after the Board meeting.

With all business concluded, Jonathan Kohan made a motion to close the meeting at 9:24 a.m..  This motion was seconded by Ted Sasso.  All were in favor.  Motion carried.

 
________________________________________
Al D’Agostino 
September 22, 2010