December 16, 2010

The monthly meeting of the City of Hornell Industrial Development Agency was held on December 16, 2010, at 5:00 PM, at 40 Main Street, Hornell, NY.

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

ABSENT: David Parmley, Asst. Treasurer

ALSO: James Griffin, CEO, Executive Director
Wanda White, CFO, Administrative Asst.
John Dagon, Attorney
Andrew Poole, Reporter, Evening Tribune

Chairman Nasca called the meeting to order at 5:15 PM. Secretary Joseph Foreman presented the minutes of the 11/18/10 meeting. A motion was made by George Prete, seconded by Joseph Foreman to approve the minutes as presented. Carried All.

Treasurer Shawn Hogan presented the financial reports for the month of November 2010. A motion was made by Shawn Hogan, seconded by Joseph Foreman to approve the financial report as presented. Carried All.

AUDIT COMMITTEE

George Prete, Chairman of the Audit Committee met on December 16, 2010 and approved bills in the amount of $807,907.41. A motion was made by Joseph Foreman, seconded by Shawn Hogan to approve the actions of the Audit Committee. Carried All.

PERSONNEL COMMITTEE

Mayor Hogan, Chairman of the Personnel Committee stated that the Agency would be meeting with James Griffin regarding a consultant agreement. A motion was made by Joseph Foreman, seconded by George Prete to accept Personnel Committee's report. Carried All.

GOVERNANCE COMMITTEE

Samuel Nasca, Chairman of the Governance Committee, stated that the Agency would review all PAAA policies and procedures and make changes at the retreat in January. A motion was made by George Prete, seconded by Joseph Foreman to accept Chairman Nasca's report. Carried All.

CEO'S REPORT

KROG RESOLUTION – Executive Director Griffin presented a final Resolution on the Federation Lofts Project. He stated that a public hearing was necessary because of benefits over $100,000. The Public Hearing was held on 12/9/10. The Final Resolution authorizes the City of Hornell Industrial Development Agency to execute and deliver a lease agreement, leaseback agreement, payment-in-lieu-of-tax agreement, mortgage and related documents to the Krog Corporation. A motion was made by George Prete, seconded by Shawn Hogan to approve the Final Resolution and to authorize signing of all necessary documents by the Executive Director. The question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows:

Samuel Nasca Yea
George Prete Yea
Shawn Hogan Yea
Joseph Foreman Yea
David Parmley Absent

The Resolution was thereupon duly adopted.

Executive Director Griffin stated that NYSEDC had again asked us if we would participate in a legal challenge to the IDA assessments by Tax and Finance. We had previously sent $2,000.00 to NYSEDC. They have asked us to join with other IDA's as a Plaintiff. A motion was made by George Prete, seconded by Shawn Hogan to participate with NYSEDC. Carried All.

A motion was made by George Prete, seconded by Shawn Hogan to enter into executive Session under Public Officers Law, Article 7, Open Meeting Law, Section 105, Paragraph D. Carried All.

The meeting reconvened at 6:00 PM. A Resolution to authorize payment to Harris Beach PLLC in the amount of $18,031 for legal work on the Hornell Airport property transfer and the Krog Co. in the amount of $11,271 for site costs for Standard Modern Lathe Proposals was made on motion by George Prete, seconded by Joseph Foreman. The question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows:

Samuel Nasca Yea
George Prete Yea
Shawn Hogan Yea
Joseph Foreman Yea
David Parmley Absent

The Resolution was thereupon duly adopted.

A Resolution to purchase a modular office building from Gray Manufacturing not to exceed $42,566 pending approval by our designated council. Executive Director will seek a compliance opinion, which will be retained on file. A motion was made by Joseph Foreman, seconded by George Prete to accept the Resolution. The question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows:

Samuel Nasca Yea
George Prete Yea
Shawn Hogan Yea
Joseph Foreman Yea
David Parmley Absent

The Resolution was thereupon duly passed.

There being no further business, the meeting was adjourned at 6:10 PM upon motion of George Prete, seconded by Shawn Hogan. Carried All.

Respectfully Submitted,

Joseph Foreman, Secretary
City of Hornell IDA