September 21, 2011

The monthly meeting of the City of Hornell Industrial Development Agency was held on Wednesday, September 21, 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.
             Andrew Poole, Reporter, Evening Tribune
             John Dagon, Agency Attorney

Chairman Nasca called the meeting to order at 3:00 PM. Secretary Joseph Foreman, made a motion to accept the August 25, 2011minutes as presented. Motion was seconded by George Prete to accept the minutes as presented. Carried All.

Treasurer Shawn Hogan presented the audited financial report for the month of August, 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 September 21, 2011 and approved bills in the amount of $180,353.30. 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 there was no report for the month of March.

GOVERNANCE COMMITTEE

Samuel Nasca, Chairman of the Governance Committee, stated that Board Members attended the annual meeting of IEDC in Charlotte, NC from 9/18-9/21. He said they attended several educational sessions and was brought up to date on many current economic issues. He stated they also made contacts that may develop into something in the near future. A motion was made by Joseph Foreman, seconded by George Prete to accept the report of the Governance Committee.

CEO'S REPORT

STEUBEN TRUST – Executive Director Griffin stated that the Agency had paid off a note at Steuben Trust Company that was advised by our Auditors. He stated the Agency was now debt free.

ELGIN BUTLER – Griffin informed the Board that Elgin Butler Company is in the process of taking over the Trikeenan business. He stated there would be no change in the name of the business and that Elgin Butler would also incorporate Trikeenan's business from Keene, NH.  The new company will pay the back mortgage and PILOT's over a three-year period.  In the meantime, there is settlement in the floors and walls of the office portion of the buildingand a contractor had been called in and said it was not a big item to fix the cracks. Elgin Butler will be asking our Agency to split some of the costs.

MAPLE CITY BUILDERS – Griffin stated he had a request from James Herbert from Maple City Builders to purchase 1-2 acres in the South yards by Lin Industries at a going rate of $10,000/acre to move his business. Griffin said that we would survey out and come back to the Board with the details.

HORNELL MFTG. – EPX, the company wanting to lease the 18 N. main Street Building has submitted modifications for further improvements – bathrooms, heating systems, insulation, and sprinkler system has to be up to date. Griffin stated he would get some bids on the jobs to be done.

There being no further business brought before the Board, the meeting was adjourned upon motion made by Shawn Hogan, seconded by Joe Foreman.

Respectfully Submitted,

Joseph Foreman, Secretary
City of Hornell IDA