September 22,2016

A regular meeting of the Hornell Area Industrial Development Corporation was held September 22, 2016 at 3:23 PM.

PRESENT: Samuel Nasca, Chair
               George Prete, Vice Chair
               Shawn Hogan, Treasurer, CFO
               David Parmley, Assistant Treasurer/ Assistant Secretary

ABSENT: Joseph Foreman, Secretary

ALSO: James Griffin, Executive Director, CEO
          Margaret Frungillo, Administrative Assistant
          John Dagon, Attorney
          William Dugan, WLEA Reporter
          Jason Jordon, Evening Tribune Reporter

Chairman Nasca called the meeting to order at 3:23 PM. Chairman Nasca reported that there was a quorum for the meeting as required by the by-laws.

MINUTES

The minutes of the 7/21/16 meeting were presented by Chairman Nasca. A motion was made by Dave Parmley, seconded by George Prete to approve the minutes as presented. Carried All.

FINANCIAL REPORT

Treasurer Shawn Hogan presented the financial reports for the months of July and August that had been e-mailed to the Board prior to the meeting. A motion was made by Dave Parmley, seconded by George Prete to approve the financial reports as presented. Carried All.

COMMITTEES

Audit Committee – George Prete, Chairman of the Audit Committee, stated the Audit committee met on September 22, 2016 and approved bills for July in the amount of $1,312.00 and for August in the amount of $816.00. A motion was made by Shawn Hogan, seconded by Dave Parmley to approve the actions of the Audit Committee.

Personnel Committee – No Report

Governance Committee – Chairman Nasca deferred his report until later in the meeting.

New Business- Chairman Nasca presented a resolution to adopt the Hornell IDC 2017 Budget (attached) as presented. A Resolution was presented upon motion by Dave Parmley, seconded by George Prete to adopt the 2017 Hornell IDC 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         Shawn Hogan - Aye

Joseph Foreman – Absent

The Resolution was duly adopted.

Chairman Nasca presented a resolution for PARA and PAAA stating that the Agency members reviewed all policies and procedures. A motion was made by Dave Parmley, seconded by George Prete to adopt 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          David Parmley – Aye
Shawn Hogan – Aye          George Prete – Aye

Joseph Foreman - Absent

There being no further business, the meeting was adjourned at 3:28 PM upon motion from Shawn Hogan seconded by Dave Parmley. Carried All.

Respectfully Submitted,

Joseph Foreman, Secretary