August 25, 2011

The regular meeting of the City of Hornell Industrial Development Agency was held on Thursday, August 25, 2011at 3:00 PM, at 40 Main Street, Hornell, NY.

PRESENT: Samuel Nasca, Chairman
               George Prete, Vice Chairman
               Shawn Hogan, Treasurer
               David Parmley, Asst. Treasurer
               Joseph Foreman, Secretary
ABSENT: None

ALSO:      James Griffin, CEO, Executive Director
              Marge Frungillo
              Andrew Poole, Reporter, Evening Tribune

Chairman Nasca called the meeting to order at 3:00 PM.

MINUTES

Secretary Joseph Foreman presented the July 28, 2011 minutes as presented. Motion was made by Dave Parmley, seconded by George Prete to accept the minutes as presented. Carried All.

FINANCIAL REPORT

Treasurer Shawn Hogan presented the audited financial report for the months of June 2011 as audited by our accountants Mengel, Metzger, & Barr. A motion was made by Joseph Forman, seconded by George Prete to approve the financial report as presented. Carried All.

AUDIT COMMITTEE

George Prete, Chairman of the Audit Committee, stated that the Committee met on August 25, 2011 and approved bills in the amount of $42,985.89 for the month of August. A motion was made by Mayor Hogan, seconded by Dave Parmley, to approve the actions of the Audit Committee. Carried All.

PERSONNEL COMMITTEE

Mayor Hogan, Chairman of the Personnel Committee stated there was no report for the month of August.

GOVERNANCE COMMITTEE

Samuel Nasca, Chairman of the Governance Committee, stated that the Regional Councils have now been established and members appointed. This council is apparently the new economic engine for New York State's future. He stated that time would tell how successful they will be. Chairman Nasca also stated that he, Mayor Hogan, and Jim Griffin attended a three day NYSEDC seminar and Griffin & Hogan did a presentation on the Federation Building and the YMCA. Nasca said they were well received and did a nice job. A motion was made by Joseph Foreman, seconded by George Prete to approve the governance report as presented. Carried All.

EXECUTIVE DIRECTORS REPORT

TRIKEENAN - Executive Director Griffin reported that Trikeenan's final court date would be August 30, 2011 to object to their ruling in favor of Elgin Butler. He stated he would meet with Elgin Butler on Wednesday and would probably hold an emergency meeting in 7-10 days to get started with the proposal.

TTA PILOT – Griffin stated that TTA did not receive their tax rebate from the state for 2008, as they were not eligible. Our PILOT agreement with TTA states that if they do not receive a tax rebate, then the Agency will put them on a Schedule B, which is a lesser amount. TTA will have a credit for the 2011-2012 tax year and letters informing taxing authorities will be mailed.

AGENCY BY-LAWS – Griffin stated that the County had changed their by-laws based on PAAA. PAAA was then changed by PARA 1n 2009. We will need to conform our by-laws to PARA. He stated he would go over the changes with the Board and will send them to Robert Ryan of Harris Beach to review.

BETHESDA MONUMENT – Griffin stated the Agency would have a dedication of the Bethesda Monument on September 14, 2011 at 11:30 AM and invite the Bethesda Foundation, Canisteo Valley Historical Society, IDA, Lowes, and Saint James to a luncheon at 12:00 PM at Club 57.

PROPERTY FILES – Griffin informed the Board that he had met with Steve Huburtus to go through our property files and asked him to put all information
on discs along with tax map pictures of each property.

SARATOGA – While at the seminar in Saratoga, Griffin said there was a presentation of a cost benefit analysis model for IDA's. The system was easy concise and would be a great tool to use to present projects to our Board. The system would be tailored to our area and would be customized and updated each year.

AUDITORS – Wayne Drescher from Drescher & Malecki, suggested that we pay off the loan at Steuben Trust of approximately $130,000 as we are not receiving much interest for monies invested but paying more interest on this note. A Resolution to pay off the note was presented. A motion was made by Mayor Hogan, seconded by George Prete to accept the resolution. The motion was put before the Board and roll call was as follows:

                            Sam Nasca – Aye               David Parmley – Aye
                            George Prete – Aye            Shawn Hogan – Aye
                            Joseph Foreman - Aye

The motion was therefore carried.

Griffin reminded the Board of the IEDC Conference in Charlotte, NC in September.

Mayor Hogan updated the Board on the 20 acres purchased by the Agency on Fairlawn Drive. The City finished sewer lines which provides the property with full access to utilities.

There being no further business, the meeting was adjourned at 3:47 upon motion by Dave Parmley, seconded by Shawn Hogan.

Respectfully Submitted,
Joseph Foreman, Secretary