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Record of Proceedings

Town of Huntington Local Development Corporation Board Meeting - May 6, 2026

Meeting Portal — Wednesday, May 6, 2026
BodyHuntington, New York
SessionMeeting Portal
DateWednesday, May 6, 2026
StatusFILED
Video Record
0:00 / 15:52

Original source
Transcript — VerbatimClick a timed line to jump · ⧉ to share it
0:00

I call the meeting to order.

0:03

Okay, the meeting the meeting has been called to order by the chairperson.

0:08

Chairperson.

0:11

LDC, I keep doing this, but I can do this because at 1030 a.m.

0:17

We have several resolutions which you have the agenda of, and we'll go through it quickly.

0:23

If there's a question or change that you'd like to make, just let me know and uh it'll be voted on.

0:30

Okay.

0:31

LDC 2026-1 resolution, be it resolved that the town of Huntington Local Development Corporation hereby ratifies and confirms the May 13, 2025 meeting minutes.

0:46

Um that was taken last year at our annual meeting.

0:50

The May 13th or the May 9th.

0:52

It was May 3rd.

0:55

What was it?

0:57

I have to extend because I'm just the mayor.

0:58

He was giving me a piece of meeting.

1:02

All right, in the agenda printed, it says May 9th and 6th.

1:05

I think you're right.

1:06

You're right.

1:07

Okay.

1:07

May 9th.

1:09

I've made the change.

1:10

Okay, so the May 9th meeting in the minutes.

1:13

Yeah, meeting minutes, correct.

1:16

Yep.

1:16

I need a oh, motion to adopt the minutes.

1:19

Okay.

1:20

Second.

1:21

All in favor.

1:22

I motion carries.

1:25

Motion carries.

1:27

L DC 2026-2.

1:30

Now therefore be it resolved that Edmund J.

1:33

Smith be and hereby is re-elected as chairperson of the board of directors of the town of Huntington Local Development Corporation until the next combined annual meeting of the directors slash members and thereafter until his or her successor is elected and qualified.

1:49

Offered by me.

1:52

Okay.

1:53

I don't know.

1:53

I think I have some questions.

2:00

I can vote no, right?

2:03

On the motion, really.

2:04

I know.

2:04

On the motion.

2:05

Second.

2:06

Second.

2:06

Teresa.

2:07

Okay.

2:09

Any opposed?

2:10

No, four-zero.

2:11

Okay.

2:14

Okay.

2:16

LDC 2026-3.

2:19

Uh be it further resolved that Dr.

2:22

David Bernardo B and hereby is elected as vice pres vice chairperson of the board of directors of the town of Huntington Local Development Corporation until the next combined annual meeting of the director slash members and thereafter until his hit or her successor is elected and qualified.

2:38

Motion.

2:39

Second.

2:41

All in favor?

2:43

Okay, motion carries.

2:46

Thank you.

2:46

You're not gonna like the next one, bro.

2:50

Okay.

2:51

Uh LDC 2026-4, be it further resolved that Teresa Mari B and hereby is appointed as secretary of the Board of Directors of the Town of Huntington Local Development Corporation until the next combined annual meeting of the director slash members and thereafter until his or her successor is elected and qualified.

3:12

Motion.

Discussion Breakdown — Share of Meeting
Procedural█████████████████████████████████████████████89%
Fiscal Sustainability██████11%
Summary of Proceedings

Town of Huntington Local Development Corporation Board Meeting - May 6, 2026

The Town of Huntington Local Development Corporation (LDC) held its combined annual board of directors/members meeting on May 6, 2026. The board acted on 18 numbered resolutions, covering officer elections, annual reports, policy re-adoptions, committee appointments, and counsel appointments. No public comments were heard during the meeting. No agenda or minutes were supplied with the transcript for this summary.

Consent Calendar and Adopted Resolutions

  • LDC 2026-1 - Ratified and confirmed the May 9, 2025 meeting minutes, after correcting the date referenced in the printed agenda.
  • LDC 2026-2 - Re-elected Edmund J. Smith as chairperson until the next combined annual meeting, on a 4-0 vote.
  • LDC 2026-3 - Elected Dr. David Bernardo as vice chairperson; motion carried.
  • LDC 2026-4 - Appointed Teresa Mari as secretary; motion carried.
  • LDC 2026-5 - Appointed Brooke Lupinacci as treasurer; vote was 4-0.
  • LDC 2026-6 - Adopted the mission statement measurement report (Exhibit A) under the Public Authorities Accountability Act of 2005; 4-0.
  • LDC 2026-7 - Readopted the investment policy (Exhibit B) under the Public Authorities Accountability Act of 2005.
  • LDC 2026-8 - Readopted the statement of procurement policy and procedures (Exhibit C) under the Public Authorities Accountability Act of 2005.
  • LDC 2026-9 - Readopted the property disposition policy (Exhibit D) under the Public Authorities Accountability Act of 2005.
  • LDC 2026-10 - Adopted the 2025 operations and accomplishments report (Exhibit E) under the Public Authorities Accountability Act of 2005.
  • LDC 2026-11 - Adopted the financial statements and independent auditor's report (Exhibit F; motion text cited '2025, 2024').
  • LDC 2026-12 - Appointed Ed Gaffman as LDC counsel until the next combined annual meeting; no opposed vote was recorded.
  • LDC 2026-13 - Authorized the executive director to take necessary actions to further LDC operations and mission until the next combined annual meeting.
  • LDC 2026-14 - Appointed Dr. David Bernardo, Teresa Mari, and Jennifer Heber to the audit committee.
  • LDC 2026-15 - Appointed Edmund J. Smith, Jennifer Heber, and Brooke Lupinacci to the finance committee.
  • LDC 2026-16 - Appointed Edmund J. Smith, Dr. David Bernardo, and Jennifer Hebert (also transcribed as Heber) to the governance committee.
  • LDC 2026-17 - Authorized combined board/members meetings with regularly scheduled town board meetings for the remainder of 2026 as needed.
  • LDC 2026-18 - Appointed Harris Beach, PLLC as outside counsel to assist with annual reporting until the next combined annual meeting.

Discussion Items

  • The chairperson noted that the LDC had completed the documentation to move approximately $500,000 from its Chase bank account to Hanover to increase the interest yield, and would work with the controller's office on the transfer.
  • Board members discussed that the LDC had not, in a number of years, financed projects outside of its bond programs. One participant recalled the last such financings as with St. Anthony's and 'Gerwin,' and another participant corrected the latter to Fountain Gate. The LDC can act as a conduit by borrowing through the municipal bond market and lending to applicants at a better rate, while the LDC also receives compensation. The chairperson said bond counsel was available to meet with the board if members wanted to explore new opportunities.
  • The chairperson asked board members to complete and return their annual financial disclosure forms, budget/office policy guidance, and acknowledgments of fiduciary duties.

Key Outcomes

  • All 18 resolutions moved through the meeting without recorded opposition; explicit 4-0 votes were noted on several items.
  • Officers re-elected: Edmund J. Smith (chairperson), Dr. David Bernardo (vice chairperson), Teresa Mari (secretary), and Brooke Lupinacci (treasurer).
  • Committees appointed: audit, finance, and governance.
  • Counsel appointments: Ed Gaffman as counsel and Harris Beach, PLLC as outside counsel.
  • Annual compliance items adopted: mission measurement report, investment policy, procurement policy, property disposition policy, operations and accomplishments report, and financial statements/independent auditor's report.
  • Board authorized to hold combined meetings with the town board for the remainder of 2026.
  • The meeting was closed by a motion to adjourn.

Meeting Transcript

I call the meeting to order. Okay, the meeting the meeting has been called to order by the chairperson. Chairperson. LDC, I keep doing this, but I can do this because at 1030 a.m. We have several resolutions which you have the agenda of, and we'll go through it quickly. If there's a question or change that you'd like to make, just let me know and uh it'll be voted on. Okay. LDC 2026-1 resolution, be it resolved that the town of Huntington Local Development Corporation hereby ratifies and confirms the May 13, 2025 meeting minutes. Um that was taken last year at our annual meeting. The May 13th or the May 9th. It was May 3rd. What was it? I have to extend because I'm just the mayor. He was giving me a piece of meeting. All right, in the agenda printed, it says May 9th and 6th. I think you're right. You're right. Okay. May 9th. I've made the change. Okay, so the May 9th meeting in the minutes. Yeah, meeting minutes, correct. Yep. I need a oh, motion to adopt the minutes. Okay. Second. All in favor. I motion carries. Motion carries. L DC 2026-2. Now therefore be it resolved that Edmund J. Smith be and hereby is re-elected as chairperson of the board of directors of the town of Huntington Local Development Corporation until the next combined annual meeting of the directors slash members and thereafter until his or her successor is elected and qualified. Offered by me. Okay. I don't know. I think I have some questions. I can vote no, right? On the motion, really. I know. On the motion. Second. Second. Teresa. Okay. Any opposed? No, four-zero. Okay. Okay. LDC 2026-3. Uh be it further resolved that Dr.

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