October 3 2019

A regular meeting of the City of Hornell Industrial Development Agency was held on Thursday, October 3, 2019, at 4:00 PM.

PRESENT: Samuel Nasca, Chair
George Prete, Vice Chair
David Parmley, Treasurer, CFO
John Buckley, Asst. Treasurer John Carbone, Secretary

ALSO: James Griffin, CEO, Executive Director
Shawn Hogan, Executive Consultant
Margaret Frungillo, Administrative Assistant
Barbara Perrott, Assistant
John Dagon, Agency Attorney
Bill Dugan, WLEA
Chris Potter, Evening Tribune Reporter

Chairman Nasca called the meeting to order at 4:00 PM. Chairman Nasca reported that there was a quorum for the meeting as required by the by-laws. Secretary John Carbone presented the minutes of the July 26, 2019 meeting. A motion was made by Dave Parmley, seconded by John Buckley to approve the minutes of the 7/26/19 meeting. Carried All.

Treasurer Dave Parmley presented the financial statements for July 2019 & August 2019 that had been e-mailed to the Board prior to the meeting for their review. A motion was made by John Buckley, seconded by George Prete to approve the financial report as presented. The motion was put to a vote on roll call which resulted as follows:

Samuel Nasca – Aye 
George Prete – Aye
Dave Parmley – Aye
John Buckley - Aye
John Carbone – Aye

The motion was approved as presented.

COMMITTEE REPORTS

Audit Committee – Chairman of the Audit committee, George Prete, reported that the Audit Committee had met on 8/21/19 and approved bills for July for $45,855.84 from the operating account and $59,701.20 from the escrow account and met on 9/18/19 and approved bills of $79,276.73 for August from the operating account and $95,454.00 from the escrow account. A motion was made by Dave Parmley, seconded by John Carbone, to approve the actions of the Audit Committee. The motion was put to a vote on roll call which resulted as follows:

Samuel Nasca – Aye
George Prete – Aye
Dave Parmley – Aye
John Buckley - Aye
John Carbone – Aye

The motion was approved as presented.

Personnel Committee – Dave Parmley, Chairman of the Personnel Committee, reported the board had met and discussed the renewal of Shawn Hogan's contract as the Executive Consultant. Parmley requested a motion to approve the renewal of Shawn Hogan's contract with the Agency as the Executive Consultant for another two years. A motion was made by George Prete, seconded by John Buckley to approve the motion as presented. Carried All.

Governance Committee- Chairman of the Governance Committee Sam Nasca stated that Executive Consultant Shawn Hogan has performed an audit of all properties in the City of Hornell controlled by CHIDA. Nasca reported that there were 47 parcels owned by the IDA, some were parcels left from projects that had been completed. He stated that the Board would be doing a review of all the properties to see if there is potential to combine some of these with existing properties.

EXECUTIVE DIRECTOR'S REPORT

Rockland Silk Mill-

Executive Director Griffin reported that Rockland Silk Mill has requested an extension of their lease agreement as they are still waiting for the report from the environmental study to be completed. A motion was made by Dave Parmley, seconded by John Carbone to approve the extension of their agreement.

Carried All.

Griffin stated that the IDA has been redoing the offices and that the renovations are nearly complete with just the blinds left to be replaced.

Griffin further stated that the Governor has signed legislation requiring Industrial Agencies to live stream in real-time and post video recordings of all open meetings and public hearings beginning in January. The video also must be posted on the website within five days and stored for five years. Griffin reported that he has discussed having this done by Peish Video and will be receiving a quote shortly. Griffin further reported that he is going to also receive a quote for video conferencing as we have had request from several companies and it will allow board members to attend the meetings when out of town.

Chairman Nasca presented a resolution to adopt the Hornell Industrial Development Agency 2020 Budget as presented. A discussion regarding line items was held and a resolution was presented upon motion by Dave Parmley, seconded by George Prete to adopt the 2020 Hornell Industrial Development Agency Budget as presented. The motion was put to a vote on roll call which resulted as follows:

Samuel Nasca – Aye
George Prete – Aye
Dave Parmley – Aye
John Buckley - Aye
John Carbone – Aye

The Resolution was duly adopted.

Chairman Nasca presented the new Pilot Distribution schedule. Executive Director Griffin stated that the amounts were examined individually to ensure valid PILOT amounts and reviewed by the Steuben County Tax department. A Resolution was presented upon motion by Dave Parmley, seconded by John Carbone to accept the PILOT distribution for the 2020 year as presented. The motion was put to a vote on roll call which resulted as follows:

Samuel Nasca – Aye
George Prete – Aye
Dave Parmley – Aye
John Carbone - Aye
John Buckley – Aye

The Resolution was duly adopted.

Chairman Nasca presented a resolution calling for each member to review, approve and sign necessary policies for PARA and PAAA compliances stating that the Agency and all of its members had reviewed all policies and procedures and sent all policies and procedures to the Agency legal consul for review and further recommendations. A motion was made by George Prete, seconded by John Buckley to approve the policies as reviewed by the Board. The Resolution was duly put to a vote on roll call, which resulted as follows:

Samuel Nasca – Aye
George Prete – Aye
Shawn Hogan – Aye
John Buckley – Aye
John Carbone – Aye

The Resolution was thereupon duly passed.

Executive Consultant Report-

Executive Consultant Hogan reported that large portions of Hornell are officially designated as an Opportunity Zone by the federal government. The Opportunity Zones were created to encourage investors to invest in economically-distressed areas by offering the investors tax benefits.

Hogan further reported that Steuben County was awarded two Opportunity Zones and both are located in Hornell. The two zones encompass approximately three-quarters of the City.

Hogan Stated that by promoting this new tax benefit it may draw new businesses to the area.

There being no further business the meeting was adjourned at 4:30 PM upon motion by Dave Parmley, seconded by John Carbone. Carried All.

Respectfully submitted,

John Carbone, Secretary