December 19, 2013

A regular meeting of the City of Hornell Industrial Development Agency was held on Thursday, December 19, 2013, at 5:00 PM, at 40 Main Street, Hornell, NY.

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

ABSENT:  None

ALSO:      James Griffin, Executive Director, CEO
              Wanda White, Admin. Asst.
               John Dagon, Attorney
               Jeff Cole, Reporter Evening Tribune
               Bill Murphy Reporter WLEA
               Charles Peacock, CSS Work Development

Chairman Nasca opened the meeting at 5:00 PM.

MINUTES

Secretary Joseph Foreman presented the minutes of the September 20, 2013 meeting. A motion was made by Joseph Foreman, seconded by Dave Parmley to approve the minutes as presented. Carried All.

TREASURE'S REPORT

Treasurer Shawn Hogan presented the financial reports for the months of September, October, and November, 2013 as reviewed by our accountants Mengel, Metzger, Barr. A motion was made by David Parmley, seconded by Joseph Foeman to approve the financial statement as presented. Carried All.

AUDIT COMMITTEE REPORT

George Prete, Chairman of the Audit Committee stated that the Audit Committee had met on 12/17/13 and approved bills in the amount of $456,685.64 for September-October, $36,096.41 for November and $12,410.46 for December. The Escrow account for PILOTS was $672,716.00. A motion was made by Shaw Hogan, seconded by David Parmley to approve the actions of the Audit Committee. Carried All.

PERSONNEL COMMITTEE

No Report

GOVERNANCE COMMITTEE

Chairman Nasca asked the Executive Director to have the PAAA policies and procedures to review at our next meeting. Nasca reported that the

Board plans on attending two educational seminars in January - IEDC Summit on January 30-31st and the NYSEDC Sectional Conference on January 31-Feb 3, in Albany.

CEO REPORT

Executive Director Griffin stated that had attended the International Conference of Shopping Centers in New York. He stated that we needed to work with NYSDOT to open up an interchange from the northbound lane so we can utilize it when we develop other property north of Wegmans.

Griffin stated that the Agency had provided, at our last meeting an Inducement Resolution for a new building for ATM in the Shawmut Park. He said that ATM has decided not to proceed and our Attorneys advised us to make sure it was stated in the minutes.

Mr. Griffin also stated that the Agency has been marketing the Apparatus Shop and have had interest in the building. He asked the Board for their opinions on hiring a real estate agent to help market the building. We have been working with Alfred State College in having this building part of their Start-Up New York Partnership Program.

The closing for a $250,000 loan from STREDEC for the Depot Building is scheduled for next week.

Executive Director Griffin also stated that a company was interested in the Transit Air building on Bank Street and discussing this with Mr. Sharma.

A motion was made by Dave Parmley, seconded by Joseph Forman to accept CEO's report.

There being no further business, the meeting was adjourned a 5:45 PM upon motion by Dave Parmley, seconded by Shawn Hogan. Carried All.

Respectfully submitted,
Joseph Foreman, Secretary