June 27, 2012

The regular meeting of the City of Hornell Industrial Development Agency was held on Wednesday, June 27, 2012 at 3:00 PM, at 40 Main Street, Hornell, NY.

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

ABSENT: None

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

Chairman Nasca called the meeting to order at 3:00 PM.

MINUTES

Secretary Joseph Foreman made a motion to accept the April 25, 2012 minutes as presented. The motion was seconded by Dave Parmley to accept the minutes as presented. Carried All.

FINANCIAL REPORT

Treasurer Shawn Hogan presented the audited financial report for the months of March, April, and May 2012 as audited by our accountants Mengel, Metzger, & Barr. A motion was made by David Parmley, seconded by George Prete to approve the financial report as presented. Carried All.

AUDIT COMMITTEE

George Prete, Chairman of the Audit Committee, stated that the Committee met on June 27, 2012 and approved bills in the amount of $184,255.97 for the month of May and $97,876.02 for the month of June. A motion was made by Dave Parmley, seconded by Joseph Foreman, to approve the actions of the Audit Committee. Carried All.

PERSONNEL COMMITTEE

Mayor Hogan, Chairman of the Personnel Committee stated there was no report for the month of June.

GOVERNANCE COMMITTEE

Samuel Nasca, Chairman of the Governance Committee, stated there was no report for the month of June.

EXECUTIVE DIRECTORS REPORT

Executive Director Griffin stated that he had received three bids for fencing on William K. Jackson Lane. Alderman Brown is checking with property owners to see what type of fencing is preferred. Griffin will report to the Board at the next meeting.

NEW BUSINESS

Griffin stated that a lease between the CHIDA and Richard Brown/DBA RBI Sports Club was prepared by John Dagon.. He stated the lease was for the parking lot across from RBI's. This lease will be for $100/year and provide liability insurance and maintenance on the property. A motion was made by Joe Foreman, seconded by Shawn Hogan to approve signing of the lease between the Agency and Brown. Carried All.

Executive Director Griffin presented a proposal between the Agency and Alstom Transportation. Griffin stated the proposal would be advantageous to the Agency, as it would extend the leases with Alstom for three more years. The proposal would also reduce their rent over a period of three years by $1,050,000. Alstom would also allow us to market or buy the Depot and SKF Building in that three-year period. The lease will resume on 7/1/2015 as was. The leases and Resolution were prepared by Harris Beach.

Mayor Hogan said he sat in on negotiations with Alstom and stated that this proposal is a win, win situation.

A motion was made by Dave Parmley, seconded by Joseph Foreman to approve the resolution and Mayor Hogan made an amendment to the Resolution authorizing signatures once the agreements have been reviewed by the Agency and Alstom and our legal advisors.

The Resolution was duly put to a vote on roll call, which resulted as follows:

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

The Resolution was thereupon duly adopted.

Executive Director Griffin stated he needed to enter into executive session to talk of land acquisitions. A motion was made by Parmley, seconded by Foreman to enter into Executive Session under Public Officers Law, Article 7, Open Meeting LAW, Section 105, paragraph D. Carried All.

The meeting reconvened at 4:10 PM. There being no further business, the meeting was adjourned at 4:15 PM upon motion from Shawn Hogan, seconded by George Prete. Carried All.

Respectfully,

Joseph Foreman
Secretary