March 11, 2011

The monthly meeting of the City of Hornell Industrial Development Agency was held on March 11, 2011, at 5:00 PM, at 40 Main Street, Hornell, NY.

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

ABSENT: Joseph Foreman, Secretary

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

Chairman Nasca called the meeting to order at 5:00 PM. In absence of Secretary Joseph Foreman, Chairman Nasca presented the minutes of the 2/24/11 meeting. A motion was made by Dave Parmley, seconded by Shawn Hogan, to accept the minutes as presented. Carried All.

Treasurer Shawn Hogan presented the financial report for the month of February 2011. 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 March 11, 2011 and approved bills in the amount of $47,961.71. A motion was made by Shawn Hogan, seconded by Dave Parmley, 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 March.

GOVERNANCE COMMITTEE

Samuel Nasca, Chairman of the Governance Committee, stated that the Agency would be attending the IEDC Legislative Summit on March 20-22 to discuss economic development. A motion was made by George Prete, seconded by Dave Parmley, to accept Chairman Nasca's report. Carried All.

CEO'S REPORT

Executive Director Griffin stated there were no ongoing projects to report on. He stated that the Comptrollers had submitted a bill to authorities and needed to be paid by the Agency by March 31, 2011. The bill may be eliminated next year but is included in the Governor's budget this year.

A resolution to pay the bill to the Comptrollers office in the amount of $60,075.30 by 3/31/11 was presented. A motion was made by Shawn Hogan seconded by George Prete to authorize payment of the bill from the Comptrollers office under protest and only upon advice from Counsel. The question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows:

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

The Resolution was thereupon duly adopted.

A motion was made by George Prete, seconded by Dave Parmley to budget $30,000.00 as additional revenue sharing to pay the City for a portion of the school taxes on the Airport owned by the City. The motion was put before the Board and roll call was as follows:

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

The motion was therefore carried.

There being no further business, the meeting was adjourned at 5:30 PM upon motion of George Prete, seconded by Dave Parmley. Carried All.

Respectfully Submitted,

Joseph Foreman, Secretary
City of Hornell IDA

CITY OF HORNELL INDUSTRIAL DEVELOPMENT AGENCY

RESOLUTION – 10-41

DATE: 03/11/2011

A RESOLUTION was presented to the Board upon motion by Shawn Hogan, seconded by George Prete, to authorize payment of $60,075.30 to the Comptroller's Office under protest and only upon advice from Counsel. This bill establishes a Cost Recovery System under which industrial development agencies were calculated based upon the 2009 operating revenue information submitted by each Agency to PARIS. The bill must be paid by March 31, 2011. The Resolution was put to a vote on roll call, which resulted as:

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

The Resolution was thereupon duly passed.