March 16, 2012

The monthly meeting of the City of Hornell Industrial Development Agency was held on Friday, March 16, 2012, at 3:00 PM, at 40 Main Street, Hornell, NY.

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

ABSENT: None

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

Chairman Nasca called the meeting to order at 3:00 PM. In absence of Secretary Foreman, Chairman Nasca made a motion to accept the 12/15/11 minutes as presented. Motion was seconded by George Prete. Carried All.

In absence of Treasurer Hogan, Chairman Nasca presented the audited financial report for the months of January & February 2012. A motion was made by Dave Parmley, seconded by George Prete, to approve the financial reports as presented. Carried All.

AUDIT COMMITTEE

George Prete, Chairman of the Audit Committee, stated that the Committee met on March 16, 2012 and approved bills in the amount of $231,837.37 anf approved bills for March in the amount of $20,270.29. A motion was made by George Prete, seconded by Joe Foreman to approve the actions of the Audit Committee. Carried All.

PERSONNEL COMMITTEE

No Report

GOVERNANCE COMMITTEE

Samuel Nasca, Chairman of the Governance Committee, reported that four of the Board Members will be attending the Annual IEDC Forum in Washington.

Nasca stated they would have an opportunity to meet with various Legislators, Congressional Members, on national issues that impact economic development issues. Chairman Nasca distributed a document from NYSEDC regarding issues and impact on the state budget from the Senate and Assembly. A motion was made by Dave Parmley, seconded by George Prete, to accept Nasca's report. Carried All.

CEO's REPORT

Executive Director Griffin stated that the Agency had received an offer from a developer to sign a purchase agreement with him for the IDA property – 38 Main Street and Elm St. Circle. Mr. Griffin asked the Board for authority to sign a purchase agreement and begin the project. A motion to authorize Executive Director Griffin to sign the purchase agreement was made by Dave Parmley, seconded by George Prete. The motion was put to a vote on roll call, which resulted as follows:

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

The motion was passed.

There being no further business, the meeting was adjourned at 3:15 PM upon motion from Dave Parmley, seconded by George Prete. Carried All.

Respectfully Submitted,
Joseph Foreman, Secretary