August 5, 2008

The annual meeting of the City of Hornell Industrial Development Agency was held on Tuesday, August 5, 2008, at Noon, at 40 Main Street, Hornell, NY.

PRESENT

Samuel Nasca, Chairman
George Prete, Vice Chairman
Joseph Foreman, Secretary
Dave Parmley, Board Member
Shawn Hogan, Board Member

ABSENT

None

ALSO

James W. Griffin, CEO, Executive Director
Wanda White, CFO, Admin. Asst.
John Dagon - Attorney
Bob Clark - Reporter, Evening Tribune
James Rahmlow – CPA
Wayne Dresher – Auditor

 

Chairman Samuel Nasca called the meeting to order at 12:00 PM.

Secretary Joseph Foreman presented the minutes of the 7/25/07 Annual Meeting.  A motion was made by Dave Parmley, seconded by George Prete to accept the minutes of the 7/25/07 meeting as presented.  Carried All.

Secretary Foreman also presented the 6/26/08 minutes.  A motion was made by George Prete, seconded by Dave Parmley to accept the minutes of the 6/26/08 meeting as presented.  Carried All.

Treasurer Shawn Hogan presented the financial reports for the month of June, 2008.  A motion was made by Joseph Foreman, seconded by Dave Parmley to accept the financial report as presented.  Carried All.

Audit Committee Chairman, George Prete, presented the audit report for July 2008.  He stated the Audit committee had met on August 5, 2008, and approved payments in the amount of $128,669.53 for the month of July.  A motion was made by Dave Parmley, seconded by Shawn Hogan to approve the actions of the audit committee.  Carried All.

Wayne Drescher, Auditor for Drescher & Malecki presented the 4/01/07- 3/31/08 Audit Report for the City of Hornell Industrial Development Agency. Drescher explained that the Audit report also included the State Comptroller’s report and now was done totally on the computer through PARIS.  After discussion of the Audit, Chairman Nasca thanked the auditors for a job well done and asked for Board approval.  A motion was made by Dave Parmley, seconded by George Prete, to approve the 3/31/08 audit as presented.  Carried All.

Personnel Committee Chairman, Shawn Hogan, had no report.

Governance Committee Chairman, Sam Nasca, reported that there would be quite an impact on our economic development and Empire Zone efforts as the State was modifying programs.

The Nominating Committee recommended the following Slate of Officers to Chairman Samuel Nasca  for 2008-2009:

Samuel Nasca – Chairman
George Prete – Vice Chairman
Joseph Foreman – Secretary
Shawn Hogan – Treasurer
Dave Parmley – Asst. Treasurer

A motion was made by George Prete, seconded by Dave Parmley to accept the slate of officers as presented. Chairman Nasca requested Secretary Foreman to cast one ballot for the 2008-2009 officers.  Carried All.

 

Chairman Nasca also stated he had appointed three Sub-Committee Chairman’s in February of 2007, as required by PAAA, and they would remain for years 2008-2009:

Personnel Committee – Shawn Hogan - Chairman
Audit Committee – George Prete - Chairman
Governance Committee – Samuel Nasca - Chairman

 

Chairman Samuel Nasca also made the following appointments for 2008-2009:

James Griffin, Executive Director, CEO
Wanda White, Admin. Asst., CFO

A motion was made by George Prete, seconded by Dave Parmley, to accept the appointments.  Carried All.

 

The following Designations were announced by Chairman Nasca:

John Dagon – Agency Attorney
Harris Beach-Bond Consul
Drescher & Malecki-Auditors
Jim Rahmlow – MMB, CPA
Evening Tribune – Official Newspaper
Steuben Trust – Official Depository Financial Institution

A motion was made by George Prete, seconded by Joe Foreman to accept the designations as presented.  Carried All.

 

CHAIRMAN’S REPORT

Chairman Nasca directed his report to Mayor Hogan and the members of the Agency and thanked them for their time and efforts in setting policy, providing direction and oversight, as well as suggesting programs and objectives for the Agency.  He stated the Agency and the City of Hornellhad a unique working relationship and was in a good position to continue to be the leader in economic development.  He said our Empire Zone has added significantlyto the arsenal used to attract industrial entities to our area. 

EXECUTIVE DIRECTORS REPORT

Executive Director Griffin summarized his annual report (enclosed).  A review of continuing projects was listed to keep everyone up to date on the projects.  Griffin stated that the Board had a lot of work planned for the next year. 

Executive Director presented a State Bond Allocation for $123,000.  He stated the Agency usually transfers this bond allocation to the Steuben County IDA.  A Resolution to authorize the CHIDA to transfer the $123,000 bond allocation to SCIDA was presented.  A motion was made by Shawn Hogan, seconded by George Prete, to approve the Resolution.  The Resolution was put to a vote on roll call, which resulted as:

Samuel Nasca – Yea
George Prete – Yea
Shawn Hogan – Yea
Dave Parmley - Yea
Joseph Foreman – Yea

The Resolution was thereupon duly passed.

 

OLD BUSINESS

Generalli Property – Griffin stated the IDA finally has the abstract back on the land to purchase and will be ready to close within the next month.  A Resolution to purchase the 37 acres, not to exceed $20,000, was made upon motion from Hogan, seconded by Parmley to approve the Resolution.  The Resolution was put to a vote on roll call, which resulted as:

Samuel Nasca – Yea
George Prete – Yea
Shawn Hogan – Yea
Dave Parmley - Yea
Joseph Foreman – Yea

The Resolution was thereupon duly passed.

 

LOWE’S – Executive Director Griffin stated that Lowe’s ground breaking was on 7/29/08.  We are continuing with negotiations on the Payment in Lieu of Tax Agreements.  The IDA will take title to the property in the next month Griffin stated.

EMPIRE ZONE – Griffin stated that Kevin McPherson and Sue Van Stine were working on the Empire Zone.  All BARS were turned in and filed.  He stated the Zone was working very well.

NEW BUSINESS

None

There being no further business, the meeting was adjourned at 1:15 PM upon motion by Dave Parmley, seconded by Joe Foreman.  Carried All.

 

Respectfully Submitted,
Joseph Foreman, Secretary