November 18, 2011

The monthly meeting of the City of Hornell Industrial Development Agency was held on Friday, November 18, 2011, at 3:00 PM, at 40 Main Street, Hornell, NY.

PRESENT: Samuel Nasca, Chairman
               George Prete, Vice Chairman
               Shawn Hogan, Treasurer
               Joseph Foreman, Secretary

ABSENT: David Parmley, Asst. Treasurer

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

Chairman Nasca called the meeting to order at 3:00 PM. Secretary Joseph Foreman, made a motion to accept the 10/20/11 minutes as presented. Motion was seconded by Shawn Hogan to accept the minutes as presented. Carried All.

Treasurer Shawn Hogan presented the audited financial report for the month of October 2011. A motion was made by Joseph Foreman, 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 November 18, 2011 and approved bills in the amount of $79,275.20. A motion was made by Shawn Hogan, seconded by Joseph Foreman, to approve the actions of the Audit Committee. Carried All.

PERSONNEL COMMITTEE

Mayor Hogan, Chairman of the Personnel Committee stated he had nothing to report.

GOVERNANCE COMMITTEE

Samuel Nasca, Chairman of the Governance Committee, reported that the
Regional Economic Development Council has announced a schedule for the approval of various regional council applications. They will grant four grants in the amount of $40 million to the top four applicants. The remaining six applicants will have $200 million divided up between them.
All applicant projects would be rated by a five member board.

A motion was made by Shawn Hogan, seconded by George Prete to approve the Chairman's report. Decisions will be rendered by the end of December.

Chairman Nasca stated that the Agency's By-laws and other documents will be updated at the meeting in January. Carried All.

EXECUTIVE SESSION

A motion was made by Shawn Hogan, seconded by George Prete to enter into Executive Session under Public Officers Law, Article 7, Open Meeting Law, Section 105, paragraph D. Carried All. The meeting reconvened at 3:45 PM.

EXECUTIVE DIRECTORS REPORT

Griffin stated that the New York State Economic Development Council has endorsed a uniform tax cost/benefit program for IDA's. Griffin stated that we could purchase the Cost Benefit Program for $2200 including set up, with a $500 annual fee. All Board members would have a uniform program to evaluate any assistance we may provide. A motion was made by Prete, seconded by Foreman to purchase the Cost/Benefit Program. Carried All.

Executive Director Griffin stated that Jet Smart has asked the IDA to assist them in their expansion of the Hornell Airport, to provide a lease purchase for the Agency airplane. To begin, Jet Smart would like to lease the Navajo with a purchase option. The Navajo would be stationed in Hornell and operated by Jet Smart. Nasca stated it was a worthy project because Jet Smart is a very reliable operator. Mayor Hogan stated that Jet Smart manages corporate jet fleets. This is not a viable option to businesses in this area because of the expense and they need a less expensive option. Jet Smart needs a twin engine plane to make services available. The Agency will no longer own the airplane after Jet Smart exercises the lease purchase. The Resolution was duly put to vote on roll call, upon motion by Hogan, seconded by Prete, which resulted as follows:

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

The motion was thereupon duly adopted.

A Resolution to sign a lease with Electrical Power Worx at the 18 N. main Street Building was presented to the Board. Griffin stated that EPX would take one section of the building the first year, and another section the second year. The heating system on one side need to be repaired. A motion to authorize signing of the lease was made by Shawn Hogan, seconded by Joe Foreman. The Resolution was duly put to a vote on roll call, which resulted as follows:

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

The Resolution was thereupon duly adopted.

A Resolution to authorize expenditures for new heating systems in Building I and II and have Davis Ulmer get the sprinkling system in order. A motion was made by Hogan, seconded by Prete to authorize expenditures of $6,000 for heating systems. The Resolution was duly put to a vote on roll call, which resulted as follows:

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

The Resolution was thereupon duly adopted.

There being no further business, the meeting was adjourned at 4:53 PM upon motion by Hogan, seconded by Prete. Carried All.

Respectfully Submitted,
Joseph Foreman, Secretary