April 10, 2013 Special Meeting

A Special Meeting of the City of Hornell Industrial Development Agency was held on Wednesday, April 10, 2013, at 1:00 PM, at 40 Main Street, Hornell, NY.

PRESENT: Samuel Nasca, Chair (Via Conference)
               Shawn Hogan, CFO, Treasurer
               David Parmley, Asst. Treasurer
               George Prete, Vice Chair
ALSO:      Wanda White, Administrative Asst.
               John Dagon, Attorney
               Jeff Stone, Reporter
               William Dugan, Reporter

Chairman Nasca called the meeting to order at 1:15 PM. Mr. Nasca stated that the meeting was to approve the Final Resolution (attached) for the Depot Project. Executive Director Griffin stated that the Resolution was for the City of Hornell Industrial Development Agency authorizing financial assistance in excess of $100,000 to Iron Horse Depot and authorizing the execution delivery of a lease agreement, payment in lieu of tax agreement, and related documents. The Agency passed a Resolution on this project on March 14, 2013 and since State Law requires a public hearing on a project over $100,000, the Agency had to hold a public hearing. We conducted a public meeting on April 8, 2013 and there were no comments so a special meeting was held to pass this Resolution.

A motion was made by Shawn Hogan, seconded by Dave Parmley to approve the Resolution as presented. The motion was duly put to a vote on roll call, which resulted as follows:

                                Nasca – Aye                  Hogan – Aye
                                Parmley – Aye               Prete – Aye
                                Foreman – Absent

The motion was duly carried.

Executive Director Griffin stated the Agency had authorized the Director to sign all related documents to the project and one related document was an agreement to perform certain maintenance to the building. In discussion with the client, the Agency has agreed to do repair work on the outside of the building, bricks, window sills & fascia, and to paint the entire building in consultation with Peter Wall, and we would be responsible for all heating and air conditioning systems are operational. This letter does not constitute an on-going obligation of the Agency for repair and maintenance of this facility.

A motion to authorize Executive Director Griffin to enter into a Memorandum of Agreement was made by Shawn Hogan, seconded by Dave Parmley. The motion was duly put to a vote on roll call, which resulted as follows:

                                         Nasca – aye                 Prete – Aye
                                         Parmley – aye              Hogan – Aye
                                         Foreman – Absent

There being no further business, the meeting was adjourned at 1:40 PM.

Respectfully Submitted,
Wanda White, Admin. Asst.