September 25, 2014

A regular meeting of the City of Hornell Industrial Development Agency was held on September 25, 2014, at 4:00 PM, at 40 Main Street, Hornell, NY.

PRESENT: Sam Nasca, Chair
George Prete, Vice Chair
Shawn Hogan, CFO, Treasurer
David Parmley, Asst. Treasurer

ABSENT: Joseph Foreman, Secretary

ALSO: James Griffin, CEO, Executive Director
Wanda White, Administrative Asst.
Jason Jordon, Reporter
William Dugan, Reporter

Chair Sam Nasca opened the meeting at 4:00 PM. Upon absence of the Secretary, Mr. Nasca presented the 8/22/2014 minutes. A motion was made by Dave Parmley, seconded by George Prete to approve the minutes of the 8/22/2014 Meeting. Carried All.

Mayor Shawn Hogan presented the August 2014 financial statements after review by our accountants Mengel, Metzger, Barr. A motion was made by George Prete, seconded by Dave Parmley to approve the financial report as presented. Carried All.

George Prete, Chairman of the Audit Committee stated that the Committee had met on 9/25/2014 and approved bills in the amount of $164, 650.04 and an amount of $94,208.00 in PILOT payments. A motion was made by Shawn Hogan, seconded by Dave Parmley to approve the actions of the Audit Committee. Carried All.

Personnel Committee – No report

Governance Committee – Chairman Nasca reported that four of the board members and the Executive Director would be traveling to Texas for an IEDC Educational Conference. A motion was made by George Prete, seconded by Dave Parmley to approve the report of the Governance Committee. Carried All.

Executive Director’s Report – Executive Director Griffin stated that a contract was issued by the Agency and approved to clean up the South Yards for $20,000. The contract was extended for additional work and the total amount came to $24,572.50. He asked for the Board to approve an increase to $25,000. A motion was made by George Prete, seconded by Dave Parmley to approve the amount. The motion was put to a vote on roll call, which resulted as follows:

Samuel Nasca – Aye George Prete – Aye
David Parmley – Aye Shawn Hogan – Aye
Joseph Foreman – Absent

The Resolution was duly adopted.

Griffin stated he would be attending a NYS EDC Board Meeting in Binghamton on October 15-16 regarding economic technology.

Griffin also stated that he had spoken with our Auditors – Drescher & Malecki to see if our fiscal year could be changed to December 31st of each year, keeping it in line with the Hornell IDC. He would keep the Board informed.

The Hornell Theatre was discussed by the Board. Mayor Hogan and Griffin stated that the City and the IDA have an interest in keeping the property as a theatre. We have an interested party who indicates he will bid on it and renovate the theatre. The board recommended allowing Hogan and Griffin to attend the auction and be prepared to bid what is necessary and prudent to protect the community interest. A Resolution to allow the bid on the former theatre to protect interests of the Agency and the City was made by George Prete, seconded by Dave Parmley. The Resolution was duly put to a vote on roll call, which resulted as follows:

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

The Resolution was duly adopted.

There being no further business, the meeting was adjourned at 4:50 PM upon motion from George Prete, seconded by Dave Parmley. Carried All.

Respectfully Submitted,
Joseph Foreman