September 27, 2012

The regular meeting of the City of Hornell Industrial Development Agency was held on Thursday, September 27, 2012, at 3:00 PM, at 40 Main Street, Hornell, NY.

PRESENT: Samuel Nasca, Chairman
               George Prete, Vice Chairman
               Shawn Hogan, Treasurer
               David Parmley, Asst. Treasurer
               Joseph Foreman, Secretary

ABSENT:   None

ALSO:      James Griffin, CEO, Executive Director
               Wanda White, Administrative Asst.
               Christine Loman, Reporter, Evening Tribune

Chairman Nasca called the meeting to order at 3:00 PM.

MINUTES

Secretary Joseph Foreman made a motion to accept the August 9, 2012 minutes as presented. The motion was seconded by Dave Parmley. Carried All.

FINANCIAL REPORT

Treasurer Shawn Hogan presented the financial report for the month of August 2012 as reviewed 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.

AUDIT COMMITTEE

George Prete, Chairman of the Audit Committee, stated that the Committee met on September 27, 2012 and approved bills in the amount of $580,349.98 for the month of September and $16,740.50 for the month of August. A motion was made by David Parmley, 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 Septmber.

GOVERNANCE COMMITTEE REPORT

Executive Director Griffin stated that the Authorities Budget Office requested us to review our Mission Statement. An indepth discussion was led by Chairman Nasca. Mayor Hogan discussed the emphasis on our primary goal of increasing job opportunities and quality of life for our residents and businesses. Joe Foreman addresssed the job opportunities being assisted by Job Training and coordinating with Educational Institutions. Mr. Prete reveiewed the ability of CHIDA to provide financial assistance to entities which provide new jobs and retain existing. David Parmley discussed the various powers granted to CHIDA by New York State and the responsibility we have to comply with New York State requirements with accountability and integrity. After this discussion, Mr. Griffin compiled all of the concerns into a new Mission Statement and presented it to the Board. A motion was made by David Parmley, seconded by Joseph Foreman to approve the new Mission Statement. The motion was duly put to a vote on roll call, which resulted as follows:

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

The motion was duly carried.

A motion to approve the Governance Committee report was made by George Prete, seconded by David Parmley. Carried All.

EXECUTIVE DIRECTOR'S REPORT

SENECA STREET BRIDGE/NYS DEPT. TRANSPORTATION - Executive Director Griffin informed the Board that he received a request for a temporary easement from the NYS Department of Transportation Office of Real Estate regarding repairs to the Seneca Street Bridge. Griffin stated that

the City and Alstom had to sign an Assignment of Claim & Release and the IDA has to sign an Affidavit of Title. The offer for payment is $7,300.00. A motion was made by George Prete, seconded by Joseph Foreman to have Executive Director Griffin sign necessary papersto provide the temporary easement on property off Horton Street. Carried All.

FIBER OPTIC PROJECT - Executive Director Griffin also stated that a fiber optic cable network across the Southern Tier is moving closer to completion and could be the catalyst of area economic growth. He said that work on cables in Hornell had begun. The IDA approved ratifying a memorandum in order to participate in marketing with other area groups for the network. The IDA would contribute $5,000 to the marketing coalition, that Griffin said also includes $30,000 in other funds from other organizations. A motion was made by David Parmley, seconded by George Prete to provide the $5,000.00 and sign the memorandum. The motion was duly put to a vote on roll call, which resulted as follows:

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

The motion was duly carried.

TRIKEENAN – Executive Director Griffin stated that Trikeenan had met their payments to the Agency according to their bankruptcy agreement but needed time to pay the balance of $72,271.00 (over a period of six months). A motion was made by Shawn Hogan, seconded by George Prete to authorize the Executive Director to negotiate a payment plan not to exceed 10 months for Trikeenan to pay their balance to the Agency. The motion was duly put to a vote on roll call, which resulted as follows:

                                    Samuel Nasca Yea          George Prete Yea
                                    Shawn Hogan Yea           David Parmley Yea
                                    Joseph Foreman Yea

The Motion was thereupon duly adopted.

Executive Director Griffin stated that the Board needed to enter into executive session to discuss properties. A motion was made by David Parmley, seconded by Joseph Foreman to enter into Executive Session under Public Officers Law, Article 7, Open Meeting Law, Section 105, paragraph D. Carried All.

The meeting reconvened at 4:00. There being no further business, the meeting was adjourned at 4:10 PM upon motion from Shawn Hogan, seconded by George Prete. Carried All.

Respectfully,

Joseph Foreman
Secretary 

CITY OF HORNELL INDUSTRIAL DEVELOPMENT AGENCY MISSION STATEMENT
 

Pursuant to the Authority granted by New York State, it is the mission of the City of Hornell Industrial Development Agency to advance job opportunities, health, general prosperity and economic welfare of the people of the City of Hornell, by actively working to promote, attract, encourage and develop recreation, economically sound commerce and industry, for the purpose of preventing unemployment and economic deterioration.

The City of Hornell Industrial Development Agency will achieve this mission, by utilizing the powers granted to it by New York State, by providing financial assistance to qualified projects.  This assistance shall include conduit bond financing, lease/leasebacks, or exemption from taxation, or support/grants to community organizations with similar missions.

The City of Hornell Industrial Development Agency will carry out this mission guided by the tenets of transparency, integrity, and accountability.

DATE ADOPTED:  09/27/2012
 

REVIEWED & ADOPTED:  

          Samuel Nasca, Chair                                                                                            

          George Prete, Vice Chair

          Shawn Hogan, CFO,  Treasurer

          David Parmley, Asst. Treasurer

          Joseph Foreman, Secretary