WWW.ABSTRACT.DISLIB.INFO
FREE ELECTRONIC LIBRARY - Abstracts, online materials
 
<< HOME
CONTACTS



Pages:   || 2 | 3 | 4 |

«AGENDA NASSAU COUNTY INTERIM FINANCE AUTHORITY TUESDAY, JULY 30, 2013, 5:00 PM MARRIOTT LONG ISLAND HOTEL & CONFERENCE CENTER 101 JAMES DOOLITTLE ...»

-- [ Page 1 ] --

AGENDA

NASSAU COUNTY INTERIM FINANCE AUTHORITY

TUESDAY, JULY 30, 2013, 5:00 PM

MARRIOTT LONG ISLAND HOTEL & CONFERENCE CENTER

101 JAMES DOOLITTLE BLVD., UNIONDALE, NY 11553

Call to Order

Action Items

I. Approval of the Minutes of June 5, 2013 Meeting

II. Approval of Service of Notices of Claim on the Secretary of State and the

Taking of Related Actions

III. Consideration of County Participation in an EFC Financing and the Taking of Related Actions IV. Consideration of County Contract for Armor Correctional Health Services of NY, Inc.

V. Consideration of County Contract for Hazen and Sawyer/Malcolm Pirnie VI. Consideration of Contracts from the County Attorney’s Office VII. Consideration of Issuance of Bonds by the County Adjournment

DRAFT – SUBJECT TO REVIEW AND REVISION

NASSAU COUNTY INTERIM FINANCE AUTHORITY

MINUTES OF THE MEETING OF THE DIRECTORS

HELD ON JUNE 5, 2013 Pursuant to notice dated May 31, 2013, a meeting of the Nassau County Interim Finance Authority (“NIFA”) was convened at 5:22 PM at the Marriott Long Island Hotel & Conference Center located at 101 James Doolittle Blvd, Uniondale, NY 11553.

The following Directors of the Authority were present:

Ronald Stack, Chairman John Buran George Marlin Dermond Thomas Christopher Wright Also present from the Authority were Evan Cohen, Executive Director; Jeremy Wise, General Counsel; Maria Kwiatkowski, Deputy Director; Jane Cunneen, Acting Treasurer and Laurie Boucher; Corporate Secretary.

Upon determining that a quorum was present, the Chairman called the meeting to order.

Chairman Stack then asked Executive Director Cohen to go through the items on the agenda.

Executive Director Cohen stated that the first item on the agenda was a resolution to approve the minutes of the April 19, 2013 Directors’ meeting.

DRAFT – SUBJECT TO REVIEW AND REVISION

Upon motion duly made and seconded, the following resolution was approved

unanimously:

Resolution No. 13-422

APPROVAL OF MINUTES AND RATIFICATION OF ACTIONS TAKEN AT THE APRIL 19,

2013 MEETING OF THE DIRECTORS OF THE NASSAU COUNTY INTERIM FINANCE

AUTHORITY RESOLVED, that the Minutes of the meeting of the Authority held on April 19, 2013 are hereby approved and all actions taken by the Directors present at such meeting, as set forth in such Minutes, are hereby in all respects ratified and approved as actionsof the Authority.

*** Executive Director Cohen stated that the next item on the agenda was a resolution acknowledging the receipt and acceptance of the Independent Auditors’ Report on NIFA’s Financial Statements for the Year Ended December 31, 2012. He stated that earlier in the day NIFA’s Audit and Internal Controls Committee was given a complete presentation from Mike Malloy of Deloitte and Touche and voted to send the audit to the full Board for review and acceptance.

Upon motion duly made and seconded, the following resolution was approved

unanimously:

Resolution No. 13-423

RECEIPT AND ACCEPTANCE OF INDEPENDENT AUDITORS’ REPORT ON THE

AUTHORITY’S FINANCIAL STATEMENTS FOR FISCAL YEAR ENDED DECEMBER 31,

RESOLVED, that the materials presented to this meeting (the “Materials”) are ordered to be filed

DRAFT – SUBJECT TO REVIEW AND REVISION

with the records of the Nassau County Interim Finance Authority (the “Authority”); and be it further RESOLVED, that the Authority acknowledges receipt of the Deloitte & Touche LLP Independent Auditors’ Report on NIFA’s Financial Statements for the Year Ended December 31, 2012 (the “Audit”) presented at the June 5, 2013 meeting of the Directors; and be it further RESOLVED, that the Authority accepts the Audit and approves the release of the Audit to the public; and be it further RESOLVED, that the Executive Director of the Authority or his designee(s) are hereby directed to promptly submit the Audit to those persons identified in the Authority Act to whom the Audit must be submitted, to make a reasonable number of copies available on request to all persons that request copies, and to take all actions he or she may in his or her sole discretion consider necessary to effectuate the foregoing and related actions including making changes to the Audit deemed nonmaterial by Deloitte & Touche LLP, NIFA’s independent auditors; and be it further RESOLVED, that this resolution shall take effect immediately.

*** Executive Director Cohen stated that the next item on the agenda was a resolution to approve NIFA’s 2012 Annual Report which discusses the mission, structure and accomplishments of the Authority. He stated that NIFA is required to submit an annual report each year. Executive Director Cohen stated that members of the Audit and Internal Controls Committee met earlier in the day to discuss NIFA’s Annual Report and recommended that it be forwarded to the entire Board for adoption.

Upon motion duly made and seconded, the following resolution was approved





unanimously:

DRAFT – SUBJECT TO REVIEW AND REVISION

Resolution No. 13-424

APPROVAL OF REPORTS REQUIRED BY THE NASSAU COUNTY INTERIM FINANCE

AUTHORITY ACT, PUBLIC AUTHORITIES LAW, PUBLIC AUTHORITIES

ACCOUNTABILITY ACT OF 2005, AND PUBLIC AUTHORITIES REFORM ACT OF 2009,

AND AUTHORIZATION TO TAKE RELATED ACTIONS

RESOLVED, that the materials presented to this meeting (the “Materials”) are ordered to be filed with the records of the Nassau County Interim Finance Authority (“Authority”); and be it further RESOLVED, that in accordance with the Materials, the 2012 Annual Report of the Authority is

hereby approved together with all the attachments thereto including but not limited to:

1. Authority Report on Debt Issuance

2. Audited Financial Statements for the Year Ended December 31, 2012 together with Independent Auditor’s Compliance Report on Investment Policies and Procedures;

3. Authority Report on Investments;

4. Authority Prompt Payment Report;

5. Authority Procurement Contracts Guidelines Report;

6. Authority Property Disposition Report;

7. Authority Mission Statement and Measurement Report; and

8. Authority Code of Ethics.

and be it further

RESOLVED, that the Chairman of the Authority or his designees(s) be, and each of them hereby is, authorized in the name and on behalf of the Authority to execute and deliver any and all documents and to take all actions as he or she may in his or her sole discretion consider necessary or proper to effectuate the foregoing and related actions.

*** Executive Director Evan Cohen stated that the next items on the agenda were resolutions readopting the Investment Guidelines, Procurement Guidelines, Property Disposition Guidelines and Code of Ethics Guidelines. He stated that the Investment Guidelines were reviewed and approved for submission to the entire Board at the Audit and Internal Controls Committee meeting held earlier in the day. He stated that all of the guidelines remain unchanged from last year.

DRAFT – SUBJECT TO REVIEW AND REVISION

Upon motion duly made and seconded, the following resolutions were approved

unanimously:

Resolution No. 12-425

RE-ADOPTION OF INVESTMENT GUIDELINES AND THE TAKING OF RELATED ACTIONS

RESOLVED, that the materials presented to this meeting (the “Materials”) are ordered to be filed with the records of the Nassau County Interim Finance Authority (the “Authority); and be it further RESOLVED, that the Investment Guidelines, which are annexed to the Materials, are found to be satisfactory and are hereby re-adopted; and be it further RESOLVED that the Chairman of the Authority or his designees(s) be, and each of them hereby is, authorized in the name and on behalf of the Authority to execute and deliver any and all documents and to take all actions as he or she may in his or her sole discretion consider necessary or proper to effectuate the foregoing and related actions.

*** Resolution No. 12-426

RE-ADOPTION OF PROCUREMENT CONTRACTS GUIDELINES AND THE TAKING OF

RELATED ACTIONS

RESOLVED, that the materials presented to this meeting (the “Materials”) are ordered to be filed with the records of the Nassau County Interim Finance Authority (the “Authority”); and be it further RESOLVED, that the “Nassau County Interim Finance Authority Guidelines Regarding the Use, Awarding, Monitoring and Reporting of Procurement Contracts,” (the “Procurement Guidelines), annexed to the Materials, are hereby re-adopted; and be it further RESOLVED, that the Chairman of the Authority or his designees(s) be, and each of them hereby is, authorized in the name and on behalf of the Authority to execute and deliver any and all documents and to take all actions as he or she may in his or her sole discretion consider necessary or proper to effectuate the foregoing and, as deemed necessary, make non-material exceptions to said Procurement Guidelines, and to take related actions; and be it further

DRAFT – SUBJECT TO REVIEW AND REVISION

RESOLVED, that all actions previously taken by the Chairman at the Authority, or his designees, in furtherance of the foregoing are hereby ratified and approved.

*** Resolution No. 13-427

RE-ADOPTION OF PROPERTY DISPOSITION CONTRACT GUIDELINES AND THE

TAKING OF RELATED ACTIONS

RESOLVED, that the materials presented to this meeting (the “Materials”) are ordered to be filed with the records of the Nassau County Interim Finance Authority (the “Authority”); and be it further RESOLVED, that the Property Disposition Contract Guidelines annexed to the Materials, are hereby re-adopted; and be it further RESOLVED, that the Chairman of the Authority or his designees(s) be, and each of them hereby is, authorized in the name and on behalf of the Authority to execute and deliver any and all documents and to take all actions as he or she may in his or her sole discretion consider necessary or proper to effectuate the foregoing and related actions.

*** Resolution No. 13-428

RE-ADOPTION OF NIFA CODE OF ETHICS, AND THE TAKING OF RELATED ACTIONS

RESOLVED, that the materials presented to this meeting (the “Materials”) are ordered to be filed with the records of the Nassau County Interim Finance Authority (the “Authority”); and be it further RESOLVED, that the Code of Ethics, which is annexed to the Materials, is found to be satisfactory and is hereby re-adopted, as amended; and be it further RESOLVED, that the Chairman of the Authority or his designees(s) be, and each of them hereby is, authorized in the name and on behalf of the Authority to execute and deliver any and all documents and to take all actions as he or she may in his or her sole discretion consider necessary or proper to effectuate the foregoing and related actions.

–  –  –

Executive Director Cohen stated that the next item on the agenda was a resolution to continue the services of Microforce to maintain the accounting program for an additional expense not to exceed $25,000.

Upon motion duly made and seconded, the following resolution was approved

unanimously:

Resolution No. 13-429

AUTHORIZATION TO INCREASE THE AMOUNT NECESSARY TO PURCHASE

ACCOUNTING SOFTWARE, TRAIN STAFF, AND TAKE RELATED ACTIONS

RESOLVED, that the materials presented to this meeting (the “Materials”) are hereby ordered to be filed with the records of the Authority; and be it further RESOLVED, that the Chairman or his designee(s) are hereby ordered to expend up to $25,000 for additional training and software from Micro Force Inc. in accordance with the attached Materials;

and be it further RESOLVED, that the solicitation of other vendors would be impractical because of the degree of expertise that this vendor has in working with NIFA’s software; and be it RESOLVED, that all prior expenditures to Micro Force, as further described in the Materials, are hereby ratified and affirmed; and be it further RESOLVED, that the Chairman or his designee(s) are further authorized to take all actions deemed necessary or appropriate to implement the foregoing and to take related actions.

*** General Counsel Wise stated that the next item on the agenda was a resolution to give authorization to increase the amount of NIFA’s contract with Lamont Financial Services Corporation. He stated that Lamont has been an advisor to NIFA since 2004 and has assisted in NIFA’s swap program, several letters of credit as well as NIFA’s refunding.

DRAFT – SUBJECT TO REVIEW AND REVISION

Upon motion duly made and seconded, the following resolution was approved

unanimously:

Resolution No. 13-430

AUTHORIZATION TO INCREASE THE AMOUNT OF NIFA’S CONTRACT WITH LAMONT

FINANCIAL SERVICES CORPORATION AND TO TAKE RELATED ACTIONS

WHEREAS, the Nassau County Interim Finance Authority ("NIFA") or the ("Authority”) was created by Chapter 84 of the Laws of 2000 (the “Act”) to be a corporate governmental agency constituting a public benefit corporation to issue bonds that are backed by county sales tax revenues as well as to perform certain budgetary oversight functions as set out in the Act; and WHEREAS, the Authority currently has a approximately $1.4 billion of outstanding NIFA bonds of which $600 million are supported by interest rate exchange contracts or swaps; and WHEREAS, the global liquidity issues have negatively affected the municipal bond markets and caused them to change rapidly and often behave in an unexpected manner;



Pages:   || 2 | 3 | 4 |


Similar works:

«Executive Summary Senegal offers a stable political environment, relatively robust infrastructure, strong institutions and a favorable geographic position with growing opportunities for foreign investment. The Government of Senegal welcomes foreign investment and has prioritized efforts to improve its business climate. Senegal has maintained a stable macroeconomic environment, with its regional currency, the CFA franc, pegged to the Euro and easy repatriation of capital and income. Investors...»

«K.U. Leuven LIRGIAD Leuven Interdisciplinary Research Group on International Agreements and Development Working Paper No 1 December 2003 The Role of International Law in Protecting Public Goods. Regional and Global Challenges Jan Wouters and Bart De Meester LIRGIAD, the Leuven Interdisciplinary Research Group on International Agreements and Development, is a joint venture between research groups from four different Faculties and Institutes at the Katholieke Universiteit Leuven: the Institute...»

«Having perused The Bangchak Petroleum Plc’s Corporate Governance Policy, I understand and accept this policy. I am prepared to apply this policy, as well as its principles and code of conduct, as my business guideline, to be observed strictly and completely. Sign Date Message from the Chairman The Bangchak Petroleum Plc has instituted its corporate governance policy in writing since 2003 as a result from a workshop engaging all employees where everyone played a part in contributing ideas for...»

«SUBMISSION FROM PROFESSOR ALFRED BAIRD Professor of Maritime Business, Transport Research Institute, Edinburgh Napier University 23rd February 2015 1. Ports are critical for trade and economic growth It should seem obvious that the level of Scotland’s international trade will depend to a large extent on the capacity and competitiveness of our major seaports. Policy-makers should also be aware that adequate seaport capacity is needed in advance of trade growth; that is, future seaport capacity...»

«Journal of Universal Computer Science, vol. 4, no. 3 (1998), 210-215 submitted: 10/12/97, accepted: 28/12/97, appeared: 28/3/98 © Springer Pub. Co. Advanced Educational Technologies -Promise and Puzzlement Patricia A. Carlson (Rose-Hulman Institute of Technology Patricia.Carlson@Rose-Hulman.Edu) Abstract: Enormous sums of money and human effort have gone into educational technologies over the past decade. Yet nagging questions surface as to whether this tremendous investment produces...»

«International Association for Energy Economics | 27 Impact of U.S. Shale Oil Revolution on the Global Oil Market, the Price of Oil & Peak Oil By Mamdouh G. Salameh* Introduction Much has been written about the United States shale oil revolution. Some sources like the International Energy Agency (IEA) went as far as to predict that the United States will overtake Saudi Arabia and Russia to become the world’s biggest oil producer by 2020 and energy self-sufficient by 2030.1 Others called it a...»

«WP 33_12 Adamos Adamou University of Cyprus, Cyprus Sofronis Clerides University of Cyprus, Cyprus Centre for Economic Policy Research, UK The Rimini Centre for Economic Analysis (RCEA), Italy Theodoros Zachariadis Cyprus University of Technology, Cyprus TRADE-OFFS IN CO2-ORIENTED VEHICLE TAX REFORMS: A CASE STUDY OF GREECE Copyright belongs to the author. Small sections of the text, not exceeding three paragraphs, can be used provided proper acknowledgement is given. The Rimini Centre for...»

«Summary Record ADBI-Japan-OECD High-level Global Symposium Promoting Better Lifetime Planning through Financial Education 22-23 January 2015 ADBI Conference room B&C Tokyo, Japan Introduction and Background The ADBI-Japan-OECD High-level Global Symposium, Promoting Better Lifetime Planning through Financial Education was held on the 22 and 23 of January 2015 in Tokyo, Japan. This event was coorganised by the Organisation for Economic Co-operation and Development (OECD), the Financial Services...»

«Natural England Board Title: Confirmed minutes of the sixtieth Natural England Board meeting on 23 February 2016 Members attending Senior Leadership Team Andrew Sells (Chairman) James Cross, Chief Executive Julia Aglionby Tim Hill, Chief Scientist Andy Clements Paul Lambert, Chief Finance and Governance Officer Will Cockbain Alan Law, Chief Strategy and Reform Officer Teresa Dent Julie Lunt, Chief Legal Adviser David Hill Guy Thompson, Chief Operating Officer Joe Horwood Ken Roy, Director...»

«Asia Competitiveness Institute Review Seminar on “ACI Proposed Asia Economic Connectivity Vision (AECV) 2030, Annual Updating on Competitiveness Ranking and Simulations of ASEAN-10 and Geweke Causality Analysis on Economic Development Models for Selected ASEAN Economies” Organized by Asia Competitiveness Institute (ACI) at Lee Kuan Yew School of Public Policy (LKYSPP), National University of Singapore (NUS) 26 August 2014 Lobby of Oei Tiong Ham Building Lee Kuan Yew School of Public Policy...»

«Topics in Middle Eastern and African Economies Vol. 14, September 2012 DETERMINANTS OF PRIVATE SAVINGS AND INTERACTION BETWEEN PUBLIC & PRIVATE SAVINGS IN TURKEY Eser Pirgan Matur Ali Sabuncu Sema Bahçeci General Directorate of Economic Modeling and Strategic Research, T.R. Ministry of Development JEL classification: E20, E21, E23 Topics in Middle Eastern and African Economies Vol. 14, September 2012 1. Introduction Turkey has a low national saving rate compared to countries with similar...»

«occasional paper 2004/3 Amjad Hadjikhani & Anna Bengtson An Interaction Model for Consumer-Retailer Relationships Department of Business Studies Uppsala University Amjad Hadjikhani & Anna Bengtson An Interaction Model for Consumer-Retailer Relationships Department of Business Studies Uppsala University June 2004 An Interaction Model for Consumer-Retailer Relationships Abstract: Repurchasing is one of the crucial marketing areas that has recently occupied the attention of both researchers and...»





 
<<  HOME   |    CONTACTS
2017 www.abstract.dislib.info - Abstracts, online materials

Materials of this site are available for review, all rights belong to their respective owners.
If you do not agree with the fact that your material is placed on this site, please, email us, we will within 1-2 business days delete him.