June 8, 2017

A regular meeting of the City of Hornell Industrial Development Agency was held on Thursday, June 8, 2017, at 5:30 PM.

PRESENT: Samuel Nasca, Chair
George Prete, Vice Chair
Shawn Hogan, Treasurer, CFO
Joseph Foreman, Secretary
Dave Parmley, Assistant Treasurer/ Assistant Secretary

ALSO: James Griffin, CEO, Executive Director
Margaret Frungillo, Administrative Assistant
John Dagon, Attorney
William Dugan, WLEA
Jason Jordan, Evening Tribune

Chairman Nasca called the meeting to order at 5:40 PM. Chairman Nasca reported that there was a quorum for the meeting. Secretary Foreman presented the minutes of the April 27, 2017 meeting. A motion was made by Dave Parmley, seconded by George Prete to approve the minutes of the 4/27/17 meeting. Carried All.

Assistant Treasurer Dave Parmley presented the financial statements for April and May that had been e-mailed to the Board prior to the meeting. A motion was made by George Prete, seconded by Joseph Foreman to approve the financial report as presented. Carried All.

COMMITTEE REPORTS

Audit Committee – Chairman of the Audit committee, George Prete, reported that the Audit Committee had met on 6/8/17 and approved bills in the amount of $372,270.26 for May. A motion was made Dave Parmley, seconded by Joseph Foreman to approve the actions of the Audit Committee. Carried All.

Personnel Committee – No report

Governance Committee – Chairman Nasca reported that due to the change in our fiscal year from March 31st to December 31st the by-laws, Article IV, that currently states that the annual meeting will be held on the 12th day of June at 2:00 pm should be changed to state that the annual meeting which the annual independent audit is presented by the auditor shall be held no later than April 30th of each year unless unusual circumstances occur which such scheduling. Then scheduling shall be as soon as practicable. A motion was made Dave Parmley, seconded by Joseph Foreman to approve adopting the by-law change as presented. Carried All.

EXECUTIVE DIRECTOR'S REPORT

The Sunset Property -Griffin reported that the title has been received by the attorney's office and the purchase should be complete in a few days.

Medical Arts Village- Griffin reported that he had just received the proposal for financial assistance for the Medical Arts Village which would include sales tax on materials for the construction. Griffin further reported that he would review the proposal and discuss at the next Board meeting.

South Yards- Executive Griffin stated the need to bring rail to South Yards. It would improve the South Yards productivity if rail switches were installed there and also would make the South Yards more assessable for storage for Alstom, GMI and Lin Industries and more desirable to future industry.

Park Grove Realty- Executive Director Griffin started that Park Grove Realty is interested in developing 22 market rate apartments at the Marion Rohr building.

The company would like a one year option to purchase, in order to pursue historic status tax credits, and will come back with a formal proposal. A motion was made by Dave Parmley, seconded by Joseph Foreman to accept the one year option from Park Grove Realty as presented.

The motion was put to vote on roll call, which resulted as follows:

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

The Resolution was duly adopted.

Trikeenan- Griffin reported that repairs are needed at the Trikeenan building.

Trikeeken has agreed to supply the tile to replace the floor and the front door also need to be repaired. This is a continuing project which was an emergency due to the settling of the building. The Ida has been awaiting the tile to allow the original contractor to finish the project. Executive Director Griffin requested a resolution to authorize the repairs and not to exceed $10,000. A motion was made by Dave Parmley, seconded by George Prete to authorize the repairs at Trikeenan and not to exceed $10,000.

The motion was put to vote on roll call, which resulted as follows:

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

The Resolution was duly adopted.

Alstom- Alstom is constructing a 37,500 sq. ft. building and expansion of the company's other buildings. Executive Director Griffin states that the Company has completed a CHIDA Application for Assistance for the Board to review. An initial resolution was presented authorizing a public hearing and appointing Alstom an Agent for the City of Hornell IDA. Executive Director Griffin stated he has been working with Alstom to amend their PILOT agreement and to extend their lease. Executive Griffin stated that he would request the board approve the initial resolution contingent on the signing of the new PILOT agreement and the lease extension. The PILOT agreement was presented and reviewed by the board.

A motion was made by Dave Parmley by, seconded by George Prete to approve the resolution as presented contingent on the new lease and PILOT agreements. The motion was put to vote on roll call, which resulted as follows:

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

The Resolution was duly adopted.

SKF Building- Griffin reported that he had received bids on replacing the roof at the SKF building which is where the Center for Advanced Transit will be located. The roof also requires the removal of the asbestos that is along the flashing on the roof three bids were received on the roof and two on the asbestos. The low bid on the roof was $201,765 by Finger Lakes roofing of Elmira and the bid for the asbestos removal was $11,206.These bids were reviewed by Alstom engineering and recommended by them. A motion was made by George Prete, seconded by Joseph Foreman to approve awards on the bids for the repairs of the SKF roof as presented.

The motion was put to vote on roll call, which resulted as follows:

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

The Resolution was duly adopted.

The Residences- Executive Director Griffin stated that a public hearing was held pursuant to Article 18-A of the New York General Municipal Law by the Agency on Wednesday May 31, 2017 at 10:00am regarding financial assistance to the Residences of Hornell LLC in excess of $100,000, the license and site agreement, tax agreement and lease agreement. An authorizing resolution was presented appointing The Residence of Hornell LLC as an Agent for the City of Hornell IDA in excess of $100,000 and authorizing the Agency to negotiate, execute and deliver a license, site agreement and related documents with the project subject to compliance by the Agency of the requirements of the PAAA and the PAL. A motion was made Dave Parmley by, seconded by George Prete to approve the resolution as presented. The motion was put to vote on roll call, which resulted as follows:

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

The Resolution was duly adopted.

Riedman Project- Executive Director Griffin that the Riedman Project is proceeding with plans to develop townhouses on Fairlawn Avenue that had been discussed at the last meeting. Executive Director Griffin stated that the Company had completed a CHIDA Application for Assistance for the Board to review. An initial resolution was presented authorizing a public hearing and appointing Riedman as an Agent for the City of Hornell IDA and authorizing the Agency to negotiate, execute, and deliver a license, site agreement and related documents with the project subject to compliance by the Agency of the requirements of the PAAA and PAL. A motion was made Dave Parmley by, seconded by George Prete to approve the initial resolution as presented and attached. The motion was put to vote on roll call, which resulted as follows:

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

The Resolution was duly adopted.

There being no further business the meeting was adjourned at 6:35 PM upon motion by Shawn Hogan, seconded by Joseph Foreman. Carried All.

Respectfully submitted,

Joseph Foreman, Secretary