July 25, 2019

A regular meeting of the City of Hornell Industrial Development Agency was held July 25, 2019, at 4:00 PM, at 40 Main Street, Hornell, NY.

PRESENT: Samuel Nasca, Chair
George Prete, Vice Chair
David Parmley, Treasurer, CFO
John Carbone, Secretary
John Buckley, Asst. Treasurer, Asst. Secretary

ALSO: James Griffin, CEO, Executive Director
Shawn Hogan, Executive Consultant
Margaret Frungillo, Administrative Assistant
Chris Potter

Chairman Nasca called the meeting to order at 4:010 PM. Chairman Nasca reported that there was a quorum for the meeting.

Secretary Carbone presented the minutes of the June 27, 2019 meeting. A motion was made by John Buckley, seconded by Dave Parmley to approve the minutes of the 6/27/19 meeting. Carried All.

Treasurer Parmley presented the financial statements for June that had been e-mailed to the Board prior to the meeting. A motion was made by John Carbone, seconded by John Buckley to approve the financial report as presented. The motion was put to a vote on roll call which resulted as follows:

Samuel Nasca – Aye
George Prete – Aye
Dave Parmley – Aye
John Buckley - Aye
John Carbone – Aye

Carried All.

COMMITTEE REPORTS

Audit Committee – Chairman of the Board, Sam Nasca, reported that the Audit Committee had met on 7/17/19 and approved bills in the amount of $27,173.06 for June. A motion was made Dave Parmley, seconded by John Buckley, to approve the actions of the Audit Committee. The motion was put to a vote on roll call which resulted as follows:

Samuel Nasca – Aye
George Prete – Aye
Dave Parmley – Aye
John Buckley - Aye
John Carbone – Aye

Carried All.

Personnel Committee – No report

Governance Committee- No Report

EXECUTIVE DIRECTOR'S REPORT

ERIE STATION APARTMENTS, LLC- Executive Director Griffin reported that that Erie Station Apartments, LLC desire to amend the Purchase Agreement dated as of December 11, 2018, with respect to certain parcels of land located along Shawmut Drive, Hornell, NY 14843 for the purpose of extending the closing date from August 31, 2019 to August 31, 2020.

A motion was made by John Carbone, seconded by Dave Parmley to approve the amendment of the purchase agreement as presented. The motion was put to a vote on roll call which resulted as follows:

Samuel Nasca – Aye
George Prete – Aye
Dave Parmley – Aye
John Buckley - Aye
John Carbone – Aye

The Resolution was duly adopted.

ROCKLAND SILK MILL LLC- Executive Director Griffin stated that the PG Rockland Silk Mill has requested the IDA authorize a supplement to the resolution adopted on April 25, 2019 in connection with the project authorizing the Agency's execution and delivery of a deed, a lease agreement, a leaseback agreement and related documents with respect to the PG Rockland Silk Mill Project.

A motion was made by John Carbone, seconded by Dave Parmley to approve the supplemental resolution as presented. The motion was put to a vote on roll call which resulted as follows:

Samuel Nasca – Aye
George Prete – Aye
Dave Parmley – Aye
John Buckley - Aye
John Carbone – Aye

The Resolution was duly adopted.

A motion was made by Dave Parmley, seconded by John Buckley to enter into Executive Session under Public Officers Law, Article 7, Open Meeting LAW, Section 105, paragraph D. Carried All.

A motion was made by John Buckley, seconded by George Prete to reconvene the meeting at 4:43 PM. Carried All.

There being no further business the meeting was adjourned at 4:44 PM upon motion by John Buckley, seconded by Dave Parmley. Carried All.

Respectfully Submitted,

John Carbone, Secretary