TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
SPECIAL BOARD MEETING
January 31, 2017, 9:00 a.m.
IDA Conference Room, 350 Front Street, Hempstead

Agenda:  Consideration of an Authorizing Resolution for Raymour and Flanigan

Those in attendance: 		Arthur J. Nastre, Chairman
				William Hendrick, Vice Chairman
				Steven M. Raiser, Member
				John R. Ferretti, 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
				Cheryl Petri, Office of the Supervisor

Excused:			Florestano Girardi, Treasurer
				Eric C. Mallette, Secretary
William F. Weir, Nixon Peabody

The meeting was called to order at 9:09 a.m.  The Chairman declared a quorum was present.

Raymour and Flanigan / Lawrence Johnson Road LLC:  The Chairman allowed Albert D’Agostino, representative for the Lawrence School District, to address the Board regarding his district’s opposition to the proposed PILOT Agreement. The Chairman read the Agency’s Mission Statement and advised fellow Board members that the project fits the requirements for an IDA project.  He also explained the methodology for the PILOT Agreement being proposed.  Board Members, Mr. D’Agostino, Daniel Baker, Esq. (Certilman Balin Adler Hyman), Adam Fumarola, Senior Director for Real Estate Development, Raymour and Flanigan, and Neil Rube, VP and General Counsel, Raymour and Flanigan discussed the proposed PILOT Agreement.  Steven Raiser made a motion to adopt an Authorizing Resolution and 10 year PILOT Agreement.  This motion was seconded by William Hendrick.  All were in favor.  Motion carried.

Steven Raiser made a motion to adjourn the meeting at 10:06 a.m.  This motion was seconded by William Hendrick.  All were in favor.  Motion carried.  

________________________
Arthur J. Nastre, Chairman
February 16, 2017