September 27, 2017

A regular meeting of the City of Hornell Industrial Development Agency was held on Wednesday, September 27, 2017, at 4:00 PM.

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

ABSENT: Joseph Foreman, Secretary

ALSO: James Griffin, CEO, Executive Director
Margaret Frungillo, Administrative Assistant
Brandon Cottrell, Attorney, Harris Beach
John Dagon, Agency Attorney
Bill Dugan, WLEA
Jason Jordan, Evening Tribune Reporter

Chairman Nasca called the meeting to order at 4:05 PM. Chairman Nasca reported that there was a quorum for the meeting as required by the by-laws. In the absence of the Secretary, Chairman Nasca presented the minutes of the August 24, 2017 meeting. A motion was made by Shawn Hogan, seconded by Dave Parmley to approve the minutes of the 8/24/17 meeting. Carried All.

Treasurer Shawn Hogan presented the financial statements for August 2017 that had been e-mailed to the Board prior to the meeting for their review. A motion was made by Dave Parmley, seconded by George Prete to approve the financial report as presented. Carried All.

COMMITTEE REPORTS

Audit Committee – Chairman of the Audit committee, George Prete, reported that the Audit Committee had met on 9/27/17 and approved bills for August for $84,250.57 from the operating account. A motion was made by Dave Parmley, seconded by Shawn Hogan, to approve the actions of the Audit Committee. Carried All.

Personnel Committee – No report at this time

Governance Committee- No report at this time

EXECUTIVE DIRECTOR'S REPORT

Alstom– Executive Director Griffin reported that Alstom has merged with Siemens'. Griffin further reported the transaction brings together two innovative players of the railway market and that the merger appears to be very positive for Hornell.

Griffin stated that Alstom plans on building a new facility in the South Yards. The new building will be 800 ft. long and include three sets of tracks. Alstom also plans on building the test track behind the Sunset building.

Riedman & Basset- Griffin stated that the Basset project financing was finalized last week and both projects are in the construction phase.

Brandon Cottrell, Attorney with Harris Beach stated that The Residences required a resolution ratifying the agency execution of a lease agreement with option to purchase the phase II land and the phase III land pursuant to section to section 8.3, a tax agreement, a mortgage, an assignment of leases, rents and profits and related documents (see attached). A motion was made by Dave Parmley, seconded by Shawn Hogan to approve the resolution 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.

Medical Village- SCIDA has taken over as lead agency for the Medical Village project at 7100 Route 70A LLC.

St. James Hospital—Griffin reported that the hospital had broken ground for the new facility last week.

Executive Director Griffin requested a resolution to demolish the Sunset building in preparation of Alstom building the new test track on the property. A motion was made by George Prete, seconded by Dave Parmley to demolish the Sunset building at a cost not to exceed $25,000. 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.

OLD BUSINESS-

Treasurer Shawn Hogan stated that the Riedman Development on Fairlawn had received there building permit from the City. He further stated that they have been working on the property and clearing the land. Riedman will plan the official ground breaking.

NEW BUSINESS-

Chairman Nasca presented a resolution to adopt the Hornell Industrial Development Agency 2018 Budget (attached) as presented. Griffin stated that this year there were estimated extra expenses due to the acquisition and demolition of the Sunset of $175,000 and a new roof on plant 3 for $225,000, the total for the extra expenses was $400,000. A discussion regarding line items was held and a resolution was presented upon motion by Dave Parmley, seconded by George Prete to adopt the 2018 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           Shawn Hogan - Abstain

Joseph Foreman – Absent

The Resolution was duly adopted.

Chairman Nasca presented the new Pilot Distribution schedule (attached). 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 George Prete to accept the PILOT distribution for the 2018 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         Shawn Hogan - Aye

Joseph Foreman – Absent

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 along with the IDA legal consul had reviewed all policies and procedures. A motion was made by Dave Parmley, seconded by George Prete 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       David Parmley – Aye

Joseph Foreman – Absent

The Resolution was thereupon duly passed.

There being no further business the meeting was adjourned at 4:25 PM upon motion by Dave Parmley, seconded by George Prete. Carried All.

Respectfully submitted,

Joseph Foreman, Secretary