May 1, 2014

The monthly meeting of the City of Hornell Industrial Development Agency was held on Thursday, May 1, 2014, at 4:30 PM, at 40 Main Street, Hornell, NY.

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

ABSENT: None

ALSO: James Griffin, CEO, Executive Director
Wanda White, Administrative Asst.
John Dagon, Agency Attorney
Jeff Cole, Reporter, Evening Tribune
Jason & Christel Rodd

Chairman Nasca called the meeting to order at 4:30 PM. Joseph Foreman, Secretary, presented the minutes of the February 20, 2014 meeting. A motion was made by George Prete, seconded by Dave Parmley to accept the minutes of the 2/20/14 meeting as presented. Carried All.

Treasurer Shawn Hogan presented the financial reports for the months of February and March 2014, as reviewed by our accountants Mengel, Metzger, Barr. A motion was made by David Parmley, seconded by George Prete to approve the financial reports as presented. Carried All.

COMMITTEE REPORTS

Audit Committee – George Prete, Chairman of the Audit Committee, stated that the Committee met and 5/1/14 and approved bills in the amount of $312,062.40 for March and $69,335.35 for the month of April. A motion was made by Dave Parmley, seconded by Shawn Hogan to approve the actions of the Audit Committee. Carried All.

Personnel Committee – Chairman Hogan stated he had no report.

Governance Committee – Chairman Nasca reported that Executive Director Griffin presented a draft of a Labor Policy to be used by the City of Hornell IDA. Chairman Nasca also stated that the Board would be attending the NYSEDC

Conference in Cooperstown in May, and the IEDC Conference in June in

Minnesota in furtherance of Board education requirements. A motion was made by Dave Parmley, seconded by George Prete to accept the Governance Committee Report. Carried All.

CEO'S REPORT

AMEXSTRA, INC.

Executive Director Griffin presented an application to the IDA for financial assistance for Amexstra, Inc. owned by Jason Rodd. The project description would be the purchase of a manufacturing building on 27 Bank Street, Hornell, NY for the purpose of housing a primary manufacturer and refurbishing components for the wire industry. The business would create one job the first year, 4 jobs – year three, and 10 jobs – year five, with estimated salaries of $36,000 per year. Mayor Hogan stated there was great potential growth of this product and others. Chairman Nasca asked about marketing strategies for the company and Mr. Rodd stated that he was very well known in the industry and consults with other businesses in solving their problems.

A Resolution appointing Amexstra as Agent for the City of Hornell IDA was presented upon motion from David Parmley, seconded by George Prete. The Resolution was duly put to a vote on roll call, which resulted as follows:

Samuel Nasca – Yea
George Prete – Yea
Shawn Hogan – Yea
Dave Parmley – Yea
Joseph Foreman – Yea

The Resolution was thereupon duly adopted.

A Resolution for the sale of 27 Bank Street to Amexstra along with a PILOT agreement was presented. Executive Director Griffin stated that the IDA would purchase the warehouse at 27 Bank Street owned by Dave Sharma and sell to AMEXSTRA, Inc. with a PILOT payable to the taxable entities. A motion was made by George Prete, seconded by Dave Parmley to allow Griffin to sign necessary papers. The Resolution was duly put to a vote on roll call, which resulted as follows:

Samuel Nasca – Yea
George Prete - Yea
Shawn Hogan – Yea
Dave Parmley – Yea
Joseph Foreman – Yea

The Resolution was there upon duly adopted.

TRIKEENAN

Executive Director stated that Trikeenan's electrical upgrades had been completed.

Due to settlement of the Trikeenan Building, extensive work including restoration of the floor and repairs to the cracked walls was discussed. A Resolution to authorize the Executive Director to enter into an agreement with the Krog Corporation to raise and stabilize the slab under the offices at the Trikeenan Plant not to exceed costs of $110,000, was made upon a motion by David Parmley, seconded by George Prete. The Resolution was duly put to a vote on roll call, which resulted as follows:

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

The Resolution was thereupon duly adopted.

LIN INDUSTRIES

Mr. Griffin stated that Lin Industries requested the Agency enter into a NYSEG Energy Efficiency Program to upgrade the lighting in the IDA building on Ice House Road. The cost to the Agency would be $2,559. A Resolution to enter into the Energy Efficiency Program was made by Dave Parmley, seconded by Shawn Hogan. The Resolution was duly put to a vote on roll call, which resulted as follows:

Samuel Nasca – Yea
George Prete - Yea
David Parmley – Yea
Shawn Hogan – Yea
Joseph Foreman – Yea

The Resolution was thereupon duly adopted.

NEW BUSINESS

Executive Griffin presented a Labor Policy for the IDA as discussed at our last meeting. A Resolution to adopt and approve the Labor Policy was made by motion of George Prete, seconded by David Parmley. The Resolution was duly put to a vote on roll call, which resulted as follows:

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

The Resolution was thereupon duly adopted.

HP HOOD

Executive Director Griffin stated that he has been talking with HP Hood regarding a piece of property that runs from Arkport to the Shawmut Park. We are trying to get HP Hood to turn property over to the Agency. Arkport was assessing the land at $500,000 because of 2100 feet of sewer line from the waste treatment plant. Griffin stated he had met the Assessor and they admitted the assessment was wrong. A Resolution was presented by Dave Parmley, seconded by George Prete to allow the Executive Director to grieve the assessment on behalf of HP Hood. Carried All.

A resolution to authorize the Executive Director to grieve tax assessments on properties owned by the IDA was made upon motion by David Parmley, seconded by Shawn Hogan. Carried All. The Resolution was therefore put to a vote on roll call, which resulted as follows:

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

The Resolution was thereupon duly adopted.

There being no further business, the meeting was adjourned at 6:15 PM upon motion by George Prete, seconded by David Parmley. Carried All.

Respectfully Submitted,

Joseph Foreman, Secretary