Meeting Minutes

April 24, 2008

A regular meeting of the City of Hornell Industrial Development Agency was held on Thursday, April 24, 2008, at 5:00 PM, at 40 Main Street, Hornell, NY.

PRESENT

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

ABSENT

None

ALSO

James W. Griffin, CEO
Wanda White, CFO
John Dagon, Atty.

Chairman Samuel Nasca called the meeting to order at 5:00 PM. 

The minutes of the 02/28/08 meeting were presented by Secretary Joseph Foreman. A motion was made by Dave Parmley, seconded by George Prete, to approve the minutes as presented. Carried All.

Shawn Hogan, Treasurer, presented the financial report for February and March, 2008. A motion was made by George Prete, seconded by Dave Parmley, to approve the financial report as presented. Griffin stated that the March statement would be audited. Carried All.

George Prete, Chairman of the Audit Committee, reported the Audit Committee had met on 04/24/08 and approved bills in the amount of $44,294.37 for the month of March and $162,170.37 for the month of April. A motion was made by Dave Parmley, seconded by Joe Foreman to approve the actions of the audit committee. Carried All.

Personnel Committee Chairman, Shawn Hogan, had no report. 

Governance Committee Chairman Nasca, reported that the base projects have been released for the $700 million Program for upstate Economic Development. The Authority Budget Office had conducted several audits. He stated that complaints from the Budget office were the number of jobs created/reported, critical of internet information, and sales tax exemption not adhered to. Chairman Nasca stated that the Agency would probably have an audit from the Authority Budget Office in the near future. A motion to accept Chairman Nasca’s report was made by Prete, seconded by Hogan. Carried All.

EXECUTIVE DIRECTOR’S REPORT

Trikeenan – Griffin reported on the financial status of Trikeenan. He stated that they had raised money to pay the banks up to date, and to pay their PILOT. Mayor Hogan also stated that the City was working with Trikeenan on a Small Cities Grant. He said that Trikeenan had contracts with big companies for tile. Griffin said that Trikeenan would be creating 22 new jobs.

Maple City Retail – Griffin said that papers from Shults & Shults have not been submitted with name changes from Maple City Retail to Deebs. As soon as the papers are received and reviewed, the IDA would also sign the change.

Generalli Property – Griffin stated he had given Atty. John Dagon paperwork for a deed of the 31.8 acres. He said the IDA agreed to pay closing costs. 

Multi Motor Project – Griffin reported that when the WNYP RR had the shake up, Bill Burt was having switch installed and is now leaving. The State has agreed to give us an extension to 12/31/09 to get switch installed.

NEW BUSINESS

Griffinstated we had received an application for financial assistance from Alstom on the Hornell site for a $3 million improvement project. The financial assistance would be a sales tax exemption of $54,000 on materials. Dave Parmley made a motion, seconded by Shawn Hogan, to approve the attached Resolution and application. The Resolution was duly put to a vote on roll call, which resulted as:

Samuel Nasca – Yea
George Prete – Yea
Shawn Hogan – Yea
Dave Parmley – Yea
Joseph Foreman – Yea

The Resolution was there upon duly passed. 

Executive Director Griffin stated that the auto pilot on the airplane was in need of replacement. Griffin stated he had received three bids for replacement. After discussion, a resolution to approve expenditures of $43,805.00 for the auto pilot to Bouchart was made by Hogan, seconded by Parmley. The Resolution was duly put to a vote on roll call, which resulted as:

Samuel Nasca – Yea
George Prete – Yea
Shawn Hogan – Yea
Dave Parmley – Yea
Joseph Foreman – Yea

The resolution was there upon duly passed.

There being no further business, the meeting was adjourned at 5:50 PM, upon motion by Prete, seconded by Foreman. Carried All.

Respectively Submitted,
Joseph Foreman, Secretary