May 5, 2011

The monthly meeting of the City of Hornell Industrial Development Agency was held on Thursday, May 5, 2011, at 3:00 PM, at 40 Main Street, Hornell, NY.

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

ABSENT: None

ALSO: James Griffin, CEO, Executive Director
          Wanda White, CFO, Administrative Asst.
          Andrew Poole, Reporter, Evening Tribune
          John Dagon, Agency Attorney
          Jamie Johnson, SCIDA Executive Director

Chairman Nasca called the meeting to order at 3:00 PM. Secretary Joseph Foreman, made a motion to accept the March 11, 2011 minutes as presented. Motion was seconded by Dave Parmley to accept the minutes as presented. Carried All.

Treasurer Shawn Hogan presented the audited financial report for the month of March 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 May 5, 2011 and approved bills in the amount of $65,838.80. 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 there was no report

CEO'S REPORT

TRIKEENAN - Executive Director Griffin stated that the Trikeenan case was still in Bankruptcy Court. Elgin Butler was proposing to the Bankruptcy Courts to acquire all assets from the Trikeenan Company. Trikeenan was attempting to reorganize. Elgin Butler will hire 30-35 people and will acquire all equipment from the creditors. Griffin said the bankruptcy court should make a decision within two weeks. Griffin stated that our Agency as well as Steuben Trust Company have voted in favor of the Elgin Butler proposals.

OLD BUSINESS – Griffin reported to the Board on upgrades to the Hornell Manufacturing Building. He suggested that we continue to upgrade the building. He had received a change order from Maple City Building of $8,345.00 to infill 20 second floor windows with wood framing and painted plywood finishes.  He also submitted a change order for $34,490.00 for additonal repairs, light fixtures, repairs to the exterior of the building, new windows, new door, repair existing floors, repaid dock area, etc.

A resolution to accept the proposal from Maple City Building for continued upgrades to the 18 N. Main Street Building was presented. A motion was made by Shawn Hogan seconded by George Prete to authorize payment for the maintenance at the 18 N. Main Street Building. The 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- Yea 
                     David Parmley -Yea

The Resolution was thereupon duly adopted.

LIN INDUSTRIES – Mr. Griffin stated that the lease on Lin Industries building had expired and they have been leasing on a month-to-month basis until May of 2011. Griffin suggested the Agency lease to Lin Industries for lease and Pilot payments totaling $30,000 annually. A motion was made by Shawn Hogan, seconded by Dave Parmley to lease to Lin Industries. Carried All.

NEW BUSINESS

Griffin presented a request from TTA Systems asking for the Agency's financial assistance with a project consisting of the acquisition and installation of certain machinery, equipment, and other items of personal property to equip a fabrication shop within the Company's existing manufacturing facility located at 1 Wm. K. Jackson Lane, Hornell, NY. TTA will invest $500,000 of private funds into the project creating 30 new jobs and retaining 20. A project review and cost benefit analysis and a Project Evaluation Checklist (Attached) were also presented to the Board. A motion was made by David Parmley, seconded by Shawn Hogan to approve the Resolution appointing TTA as our Agent for this project (see attached). The motion was put before the Board and roll call was as follows:

                             Sam Nasca – Aye               David Parmley – Aye
                             George Prete – Aye            Shawn Hogan – Aye
                             Joseph Foreman - Aye

The motion was therefore carried.

GRAY MFG. & EPX – Griffin stated that EPX was working on research for a new process for storage of energy and have been awarded a million dollars for this research from NYSERDA. They now are looking for a location to build their prototypes and Gray has offered to sublease to them, part of their building to do their research. A Resolution to approve Gray subleasing the building to EPX was presented (see attached). A motion was made by Shawn Hogan, seconded by David Parmley to accept the Resolution. The motion was put before the Board and roll call was as follows:

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

The motion was therefore carried.

SUPPLIES – Griffin suggested that the Agency reorder 500 two-pocket file folders for information that is sent in response to inquiries received by the Chamber and IDA. The cost is $1,690.00/500. A motion was made by Shawn Hogan, seconded by Joseph Foreman to place the order. The motion was put before the Board and roll call was as follows:

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

The motion was therefore carried.

A motion was made by Shawn Hogan, seconded by George Prete, in accordance with the Public Officers Law, Article 7, Open Meeting Law, Section 105, paragraph D, to enter into Executive Session at 3:30 PM to discuss property acquisitions. Carried All.

The meeting reconvened at 4:05 PM. There being no further business, the meeting was adjourned at 4:10 PM upon motion from Shawn Hogan, seconded by David Parmley. Carried All.

Respectfully,

Joseph Foreman
Secretary