January 10, 2014

A regular meeting of the City of Hornell Industrial Development Agency was held on Friday, January 10, at 4:00 PM, at 40 Main Street, Hornell, NY.

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

ABSENT: Joseph Foreman, Secretary

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

Chairman Nasca opened the meeting at 5:00 PM.

MINUTES

In absence of Secretary Joseph Foreman, Chairman Nasca presented the minutes of the December 19, 2013 meeting. A motion was made by George Prete, seconded by Dave Parmley to approve the minutes as presented. Carried All.

TREASURE'S REPORT

Treasurer Shawn Hogan presented the financial reports for the month of December, 2013 as reviewed by our accountants Mengel, Metzger, Barr. A motion was made by David Parmley, seconded by George Prete 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 01/10/14 and approved bills in the amount of $24,085.10 for December and January, 2014. The Escrow account for PILOTS was $98,390. A motion was made by Shawn Hogan, seconded by David Parmley to approve the actions of the Audit Committee. Carried All.

PERSONNEL COMMITTEE

No Report

GOVERNANCE COMMITTEE

Chairman Nasca, Chairman of the Governance Committee, presented a resolution for PARA and PAAA stating that the Agency reviewed all compliances and procedures and made changes where necessary. A motion was made by Shawn Hogan, seconded by George Prete to adopt the Resolutions as reviewed by the Board. The question of the adoption of the Resolutions was duly put to a vote on roll call, which resulted as follows:

Samuel Nasca – Aye
George Prete – Aye
Shawn Hogan – Aye
David Parmley – Aye
Joseph Foreman – Absent

The Resolutions were thereupon duly passed.

Chairman Nasca also reported that the Agency would be attending NYSEDC Economic Development Conference in Albany on January 22-23, 2014 and would also be attending the IEDC Leadership Summit February 2-4, 2014 and an IEDC Summit on March 23-25th. A motion was made by George Prete, seconded by Dave Parmley to accept the Chairman's report as presented. Carried All.

CEO REPORT

Executive Director Griffin stated he had no report.

OLD BUSINESS

Mr. Griffin stated that the Krog Corporation had asked for a continued sales tax exemption until December 31, 2014. A motion was made by Shawn Hogan, seconded by David Parmley to extend the sales tax exemption until 12/31/14. Carried All.

NEW BUSINESS

Executive Director Griffin presented the 2014-2015 Budget as approved by Mengel, Metzger, and Barr. Griffin stated there was a change in telephone & internet expense of $1000.00 to the Chamber of Commerce. A motion was made by Dave Parmley, seconded by Joseph Forman to accept the 2014-2015 Budget as presented. Carried All.

Pilot Distribution was also discussed. A motion was made by George Prete, seconded by Shawn Hogan to accept the Pilot distribution as presented. The motion was put to a vote on roll call which resulted as follows:

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

The motion was duly carried.

There being no further business, the meeting was adjourned a 4:45 PM upon motion by Dave Parmley, seconded by Shawn Hogan. Carried All.

Respectfully submitted,
Joseph Foreman, Secretary