April 27, 2017

The regular meeting of the City of Hornell Industrial Development Agency was held on Thursday, April 27, 2017, at 4:51 PM.

PRESENT: Samuel Nasca, Chair
George Prete, Vice Chair
Shawn Hogan, Treasurer, CFO
David Parmley, Assistant Treasurer, Assistant Secretary

ABSENT: Joseph Foreman, Secretary

ALSO: James Griffin, CEO, Executive Director
Margaret Frungillo, Administrative Assistant

Chairman Nasca called the meeting to order at 4:51 PM. Chairman Nasca reported that there was a quorum for the meeting as required by the by-laws.

Chairman Nasca presented the minutes of the March 27, 2017 meeting. A motion was made by Dave Parmley, seconded by George Prete to approve the minutes of the 3/27/17 meeting. Carried All.

Treasurer Shawn Hogan presented the financial statements for March that had been e-mailed to the Board prior to the meeting for their review. A motion was made by Shawn Hogan, seconded by George Prete to approve the financial report as presented. Carried All.

COMMITTEE REPORTS

Audit Committee – Chairman of the Audit committee, George Prete, reported that the Audit Committee had met on 4/20/17 and approved bills for March in the amount of $108,984.13, met on April 27, 2017 and approved $61,544.20 for the month of April for a total of $170,528.33 from the operating account. A motion was made by Shawn Hogan, seconded by Dave Parmley, to approve the actions of the Audit Committee. Carried All.

Personnel Committee – no report

Governance Committee- no report

EXECUTIVE DIRECTOR'S REPORT

Gray Manufacturing- Executive Griffin reported that the sale of the Gray Manufacturing building at 6258 Ice House had been completed for the agreed upon price of $391,700.00. Griffin asked for a motion to take $350,000 and purchase a CD at Maple City Savings Bank. A motion was made by Shawn Hogan, seconded by George Prete to purchase the $350,000 CD. The motion was put to a vote on roll call, which resulted as follows:

Samuel Nasca – Aye             George Prete – Aye
Shawn Hogan – Aye             Joseph Foreman – Absent
David Parmley – Abstain

The Resolution was duly adopted.

DOL- Griffin stated that the Agency had received a letter from the NYS Department of Labor stating that as a State Agency if engaged in certain construction or reconstruction, maintenance or repair contracts, it is our responsibility to contribute to the Public Work Enforcement Fund (PWEF) This law requires each State agency or public benefit corporation that enters into a public work contract to pay one tenth (0.1) of one percent (0.01) of the total cost of the contract to this Fund. Executive Director Griffin requested authority to sign and send a letter to the DOL acknowledging that we will adhere to the requirements of the Division of Budget Policy & Reporting Manual. A motion was made by Shawn Griffin, seconded by George, to give the Executive Director the authority to sign and send the required letter. The motion was put to a vote on roll call, which resulted as follows:

Samuel Nasca – Aye            George Prete – Aye
Shawn Hogan – Aye            Joseph Foreman – Absent
David Parmley – Aye

The Resolution was duly adopted.

Sunset Restaurant- Executive Director Griffin stated the option to purchase the property at 231 East Avenue expired on April 25, 2017. Griffin stated the he had received a letter from Jérôme Wallut, President of Alstom Transportation stating that Alstom plans on using the property for the new test track. Griffin requested that considering that Alstom is still interested in the property the Agency should exercise its option to purchase the property. Dave Parmley made a motion, seconded by Shawn Hogan to exercise the option to purchase the property at 231 East Avenue. Carried All

The Residences of Hornell LLC Project- Executive Director Griffin that Patrick Basset is proceeding with plans to begin Phase 1 of the plans to build townhouses on 10 acres of land located off of the Airport Road in the City of Hornell that had been discussed at the last meeting. Executive Director Griffin states that the Company had completed a CHIDA Application for Assistance (attached) for the Board to review. An inducement resolution was presented (attached) appointing The Residence of Hornell LLC as an Agent for the City of Hornell IDA. A motion was made Dave Parmley, seconded by George Prete to move forward with the proposed project. The Motion was put to a vote on roll call, which resulted as follows:

Samuel Nasca – Aye            George Prete – Aye
Shawn Hogan – Aye            Joseph Foreman – Absent
David Parmley – Aye

The Resolution was duly adopted.

Riedman- The Riedman project for developing townhouses on Fairlawn Avenue is planning on beginning construction on June 1, 2017. The plans are for 10 building units on one side of Fairlawn Avenue and 4 on the other side all with garages.
A motion was made by Dave Parmley, seconded by George Prete to accept the Executives report as presented. Carried All.

There being no further business the meeting was adjourned at 5:23 PM upon motion by Dave Parmley, seconded by Shawn Hogan. Carried All.

Respectfully submitted,

Joseph Foreman, Secretary