March 11, 2016

A regular meeting of the City of Hornell Industrial Development Agency was held March 11, 2016, at 12:00 PM, at 40 Main Street, Hornell, NY.

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

ALSO: James Griffin, CEO, Executive Director
Margaret Frungillo, Administrative Assistant
John Dagon, Agency Attorney
Elisa Fernbach, Sr. Auditor, Drescher & Malecki
Matthew Mantalbo, Auditor, Drescher & Malecki
William Dugan, WLEA Reporter

Chairman Nasca called the meeting to order at 12:10 PM. Chairman Nasca reported that there was a quorum for the meeting. Secretary Foreman presented the minutes of the January 28, 2016 meeting. A motion was made by Dave Parmley, seconded by George Prete to approve the minutes of the 1/28/16 meeting. Carried All.

Treasurer Shawn Hogan presented the financial statements for January and February that had been e-mailed to the Board prior to the meeting and reviewed by our accountants Mengel, Metzger, & Barr. A motion was made by Dave Parmley, seconded by George Prete 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 2/29/16 and approved bills in the amount of $58,169.20 for February. They also approved bills on 2/29/16 for $144,119.50 for February from the escrow account. 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 the new laws that he had discussed at the previous meeting are to go into effect on June 15, 2016. The new documents should be available in April and the committee members will be discussing the new laws.

A motion was made by Shawn Hogan, seconded by Dave Parmley, to approve the actions of the Governance Committee as presented. Carried All.

ANNUAL AUDIT

Matthew Mantalbo, Partner and Auditor for Drescher & Malecki, presented the 1/1/15 – 12/31/15 audit report for the City of Hornell Industrial Development Agency. Mathew stated that the Audit was of clean opinion and no issues were found. He further stated that the Agency had shown accountability with their PARIS reports. He reported the Agency continues to remain stable. After discussion of the Audit, Chairman Nasca thanked Elisa and Matthew for a job well done and asked for Board Approval. A motion was made by Shawn Hogan, seconded by Dave Parmley to approve the audit 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 thereupon duly adopted.

A motion was made by Shawn Hogan, seconded by George Prete to recess meeting in order to have the Hornell Industrial Development Corporation meeting. Carried All.

The Board meeting reconvened at 12:35 PM.

EXECUTIVE DIRECTOR'S REPORT

Updyke's Convenience Store-

Executive Director Griffin reported that Joanne Updyke is proceeding with plans for the Convenient Store at the corner of Ice House Road and East Ave. that was discussed at the last meeting, when the information on the project and estimated benefits for the Company along with the analytic report were presented to the Board regarding cost and benefits. Executive Director Griffin states the Updyke's Convenient Store had completed a CHIDA Application for Assistance for the Board to review. A resolution was presented (attached) appointing Updyke's Convenience Store as Agent for the City of Hornell IDA. A motion was made by Dave Parmley, seconded by George Prete to move forward with the proposed project. The Motion was put to a vote on roll call, which resulted as follows:

Nasca-Aye
Parmley- Aye
Hogan- Aye
Prete- Aye
Foreman- Aye

The Resolution was duly carried.

Amexstra-

Griffin stated that following the last meeting the Board went to Amexstra to tour the building and view the improvements that the owner of Amexstra, Jason Rodd, has accomplished in the last year. The Board was in agreement that the improvements that Jason Rodd has made in the past year are very impressive and that the project is moving along as planned.

Housing Project-

Executive Director Griffin states that the developer that is interested in creating a housing development containing townhouses and condos on the property owned by the IDA next to the Airport has decided to cut back on the project at the beginning and only use 5-10 acres in the next few months and continue building in phases.

Executive Director Griffin reported that we are in the process of submitting our PARIS reports and that there are 13 currently active IDA projects. When the PILOTS began there were 44 employees at these businesses and now there are 1,357 employees with a net tax exemption of just over $50,000.00. Griffin stated that the IDA is doing an outstanding job creating employment.

A motion was made by Dave Parmley, seconded by George Prete to accept the Executives report as presented. Carried All.

NEW BUSINESS- Mayor Hogan stated that our hospital has been awarded $54.9 million grant to fund building an 81,000 sq. ft. facility in front of McAuley Manor. The building will be a Hospital Medical Village with an Emergency Room, Operating room, Urgent Care and 15 hospital beds. The hospital will also have x-rays, diagnostics, physical therapy and labs. The new facility will include all new equipment. The expected ground breaking will be this summer and the Hospital should be completed in early 2018. The Hospital has partnered with the University of Rochester with full affiliate.

A motion was made by George Prete, seconded by Shawn Hogan to enter into Executive Session under Public Officers Law, Article 7, Open Meeting LAW, Section 105, paragraph D. Carried all.

The meeting reconvened at 1:03 PM. There being no further business the meeting was adjourned at 1:05 PM upon motion by Dave Parmley, seconded by Shawn Hogan. Carried All.

Respectfully Submitted,

Joseph Foreman, Secretary