June 28, 2019

A regular meeting of the City of Hornell Industrial Development Agency was held June 28, 2019, at 4:00 PM, at 40 Main Street, Hornell, NY.

PRESENT: Samuel Nasca, Chair
David Parmley, Treasurer, CFO
John Buckley, Asst. Treasurer, Asst. Secretary

CONFERENCE CALL: John Carbone, Secretary

ABSENT: George Prete, Vice Chair

ALSO: James Griffin, CEO, Executive Director
Shawn Hogan, Executive Consultant
Margaret Frungillo, Administrative Assistant
William Dugan, WLEA Reporter
Jason Jordon, the Evening Tribune

Chairman Nasca called the meeting to order at 4:03 PM. Chairman Nasca reported that there was a quorum for the meeting.

Chairman Nasca requested a moment of silence for the passing of Ralph Schnell. Ralph had been Chairman of The Board of the IDA for many years and will be missed.

Secretary Carbone presented the minutes of the April 25, 2019 meeting. A motion was made by John Buckley, seconded by Dave Parmley to approve the minutes of the 4/25/19 meeting. Carried All.

Treasurer Parmley presented the financial statements for April & May that had been e-mailed to the Board prior to the meeting. A motion was made by John Carbone, seconded by Dave Parmley to approve the financial report as presented. Carried All.

COMMITTEE REPORTS

Audit Committee – Chairman of the Board, Sam Nasca, reported that the Audit Committee had met on 5/1/19 and approved bills in the amount of $53,620.04 for April from the Operating account and they also met on 6/5/19 and approved $49,422.67 from the Operating account in May and $22,081.63 from the Escrow account. A motion was made Dave Parmley, seconded by John Buckley, to approve the actions of the Audit Committee. Carried All.

Personnel Committee – No report

Governance Committee- Chairman Nasca reported that there is new legislation being presented in Albany. The legislation for prevailing wage did not pass. Some of the other legislation that is being presented is to allow the Comptroller's office to audit LDC's, and the other is to require the IDA's to live stream all meetings.

EXECUTIVE DIRECTOR'S REPORT

THE RESIDENCES- Executive Director Griffin stated that he had received a letter from the Residences of Hornell, LLC requesting a financial assistance extension through 12/31/2019 due to weather conditions.

Griffin also stated that the Residences of Hornell LLC project is also requesting the sale of the Phase 11 and Phase 111 land located on the Airport Road as agreed by resolutions dated February 1, 2018 whereby the Company leases to the Agency and the Agency continues to lease the property to the Company and negotiation, execution and delivery of all documents in connection therewith and with the maintenance of the financial assistance granted to the Company by the Agency. Executive Director Griffin requested a resolution to proceed with the sale of the Phase 11 and Phase 111 land and approve the extension of the sales tax exemption through 12/31/19 for the Residences as requested. A motion was made by John Buckley, seconded by Dave Parmley to approve the resolution as presented. The motion was put to a vote on roll call which resulted as follows:

Samuel Nasca – Aye
George Prete – Absent
Dave Parmley – Aye
John Buckley - Aye
John Carbone – Aye- per conference call

The Resolution was duly adopted.

INVESTIGATION AND GOVERNMENT OPERATIONS COMMITTEE-

Executive Director Griffin stated that the Agency has received a letter from the New York State Senate Standing Committee on investigations and Government Operations requesting the Agency's response to an enclosed information and document request. Griffin stated that the documents had to be submitted by June 28, 2019. The Agency's response has been e-mailed to the Board for their review prior to the meeting. A motion was made by John Buckley, seconded by Dave Parmley to approve the submission of the requested information as presented. Carried All.

BUSINESS INSURANCE- Executive Director Griffin reported that the Agency's Business Insurance renewal is due in August and the office has been comparing different agencies. The insurance is currently being purchased through Lawley Insurance from Buffalo. Griffin reported that after comparing quotes from several companies the Ryan Insurance Agency in Hornell offered the best quotes and Griffin also stated that he would prefer to purchase the insurance locally. A motion was made by Dave Parmley, seconded by John Buckley to approve the recommendation as presented.

Carried All.

D.R.I. APPLICATION- Executive Consultant Hogan reported that Hornell was one of the three cities chosen to present their Downtown Revitalization Initiative Grant application to the REDEC Board on July 8th. Hogan stated that there were several individuals that assisted in completing the grant application. Hogan requested a resolution to reimburse the individuals that assisted in the presentation not to exceed a total of $7,500.00. A motion was made by John Buckley, seconded by Dave Parmley to approve the support of the presentation not to exceed $7,500.00. The motion was put to a vote on roll call which resulted as follows:

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

There being no further business the meeting was adjourned at 4:40 PM upon motion by John Buckley, seconded by Dave Parmley. Carried All.

Respectfully Submitted,

John Carbone, Secretary