December 15, 2016

A regular meeting of the City of Hornell Industrial Development Agency was held on Thursday, December 15, 2016, at 4:00 PM.

PRESENT: Samuel Nasca, Chair
               George Prete, Vice Chair
               Shawn Hogan, Treasurer, CFO
               Joseph Foreman, Secretary

ABSENT: David Parmley, Assistant Treasurer

ALSO: James Griffin, CEO, Executive Director
          Margaret Frungillo, Administrative Assistant
          John Dagon, Attorney
          Bill Dugan, WLEA

Chairman Nasca called the meeting to order at 4:00 PM. Chairman Nasca reported that there was a quorum for the meeting as required by the by-laws.

Secretary Foreman presented the minutes of the September 22, 2016 meeting. A motion was made by Shawn Hogan, seconded by George Prete to approve the minutes of the 9/22/16 meeting. Carried All.

Treasurer Shawn Hogan presented the financial statements for September, October and November that had been e-mailed to the Board prior to the meeting for their review. A motion was made by George Prete, seconded by Joseph Foreman 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 12/15/16 and approved bills for September in the amount of $24,474.65, $79,293.80 in October and for $123,492.43 in November for a total of $227,260.88 from the operating account, and bills for $20,808.00 in September and $355,006.51 in November for a total of $375,814.51 from the Escrow Acct. A motion was made by Shawn Hogan, seconded by Joseph Foreman, to approve the actions of the Audit Committee. Carried All.

Personnel Committee – No report

Governance Committee- Chairman of the Governance Committee, Samuel Nasca, reported that the two year legislation session is beginning and there is IDA legislation proposed. He stated that we will be following the progression of the legislation regarding the IDA.

A motion was made by Joseph Foreman, seconded by George Prete, to approve the actions of the Governance Committee as presented. Carried All.

EXECUTIVE DIRECTOR'S REPORT

Executive Director Griffin reported that emergency funds were required to repair the roofs on the 18 N. Main Street roof and the Gates Rockwell roof. The roofs were leaking and required immediate repair. K.C. Swan received the bid for the jobs and while redoing the Gates-Rockwell roof there was a section that he did not realize was part of the Gates Rockwell building. He will be submitting another proposal for the section that was not included in the original bid.

EPX- The EPX Company that has been renting 18 N. Main Street has gone out of business following a setback with their energy storage components. They have been paying the utilities and insurance although they have not been paying their rent. Griffin requested a motion to write- off the $72,500.00 in back rent owed by EPX. A motion was made by Shawn Hogan, seconded by George Prete to have the $72,500.00 written-off the books. Carried All.

Brixmor- Executive Director Griffin stated that on his recent trip to New York City he meet with the owner of The Brixmor Plaza. The owner stated that he is very interested in expanding the Plaza in the 28 acres north of Wegman's and they have contacted their engineering firm to start plans on the property.

St. James Hospital- Griffin reported that he and the Mayor had meet with the St. James Hospital Board and that the medical office building project continues to grow. Oak Orchard Heath, the local care provider providing pediatrics, primary care and dental, are interested in the Plaza. Strong URMC is also interested in 40,000 sq. ft. that will offer numerous specialists and all will be non-profit. The IDA will act as the lead agency on the project working as a conduit with the town on the project.

Alstom- Griffin reported that Alstom has started a response to owner committee. They have contacted Labella, Clark Paterson and LeChase as advisors. They will be responsible for developing the project, doing the RFP and making their recommendations to Alstom.

Center Of Excellence- Griffin reported that two weeks ago he and Mayor Hogan had meet with Alstom, Bombardia and CAF, they are all interested in being a part of the center. Griffin further reported that on January 11th he and the mayor are meeting with Corning Community College, Alfred State College, Alfred University, Boces, RIT and local schools to determine how each school can offer their specific expertise and which agency will be the lead.

Shawmut Park- Griffin stated the housing project by Riedman at Shawmut Park had been postponed due to a 15 ft. National Fuel easement that has now been resolved. Mayor Hogan stated that he had received an e-mail from Jerry Watkins, the project manager, stating that he would be sending the proposal and plans by the end of December. Hogan stated that the zoning had been passed and filed for multifamily, multiuse and the SEQR had been completed. Griffin further stated that there had been a contingency in the contract stating that they will be under construction by May and Griffin reported that should not be a problem.

Bassett Airport- Griffin reported that the project at the Airport has been scaled back considerably. As of last week they are now requesting 10 acres for 65 units in Phase 1 and when phase 1 is 85% occupied they would request an additional 15 acres to begin Phase 2.

Griffin stated the IEDC Summit will be in Jacksonville, FL. from January 27th to February 1st. Griffin further stated the entire Board of Directors would be attending.

There being no further business the meeting was adjourned at 4:42 PM upon motion by Shawn Hogan, seconded by George Prete. Carried All.

Respectfully submitted,

Joseph Foreman, Secretary