Meeting Minutes

August 22, 2013 Annual Meeting

The Annual Meeting of the City of Hornell Industrial Development Agency was held on August 22, 2013, at 4:20 PM, at 40 Main Street, Hornell, NY.

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

ALSO: James Griffin, CEO
Wanda White, Admin. Asst.
John Dagon, Attorney
Sean Curran, Reporter-Evening Tribune
Elisa Fernback, Sr. Auditor-Drescher & Malecki

Chairman Nasca called the Annual Meeting to order at 4:20 PM.

MINUTES

Secretary Joseph Foreman presented the minutes of the August 9, 2012 Annual Meeting. A motion was made by Dave Parmley, seconded by George Prete to accept the minutes of the 8/9/12 annual meeting. Carried All.

ANNUAL AUDIT

Elisa Fernback, St. Auditor for Dresher & Malecki presented the 4/1/12-3/31/13 audit report for the City of Hornell Industrial Development Agency. Elisa stated that the Audit was a clean opinion and no issues were found. She stated that the Agency had a strong cash position even in hard economic times. After discussion of the Audit, Chairman Nasca thanked Elisa for a job well done and asked for Board approval. A motion was made by Shawn Hogan, seconded by David Parmley to approve the 3/31/13 Audit. Carried All.

ELECTION OF OFFICERS – Nominating Committee Chairman George Prete recommended the following slate of Officers to the Board:

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

A motion was made by Dave Parmley, seconded by Joseph Foreman to accept the slate of officers as presented. Chairperson Nasca requested the Secretary to cast one ballot for the 2013-2014 officers. Carried All.

APPOINTMENTS

Executive Director-James Griffin
Administrative Asst.-Wanda White

Chairman Nasca announced the appointment of Committees, as required by PAAA for the year 2013-2014:

Audit Committee – George Prete-Chairman
Joseph Foreman-Member
David Parmley-Member

Personnel Committee-Shawn Hogan-Chairman
George Prete-Member
Dave Parmley-Member

Governance Committee-Samuel Nasca-Chairman
Shawn Hogan-Member
Joseph Foreman-Member

A motion was made by David Parmley, seconded by George Prete to accept the appointments as presented. Carried All.

DESIGNATIONS

The following designations for 2013-2014 were announced by Chairman Nasca:

John Dagon-Agency Attorney
Harris Beach-Bond Consul
Dresher & Malecki-Auditors
Mengel, Metzger, Barr-Internal Accountants
Evening Tribune-Official Newspaper

A motion was made by George Prete, seconded by David Parmley to accept the designations as presented. Carried All.

CHAIRMAN'S REPORT

Chairman Nasca summarized his annual report to the Mayor, Common Council, and the Agency and media. A motion was made by David Parmley, seconded by George Prete to accept the report as presented. Carried All.

Mayor Shawn Hogan stated that the City and Hornell IDA had a great year and a lot of important things were accomplished. The grocery store Save a lot finally opened and doing wonderful, Peebles are beginning their renovations and hope to be done by Christmas, and of course the Depot taken over by Peter Wall of Universal Health.

EXECUTIVE DIRECTOR'S REPORT

Executive Director Griffin presented his report. He stated that the rental income was down this year as we offered Alstom $1 million deduction in their rent over a three-year period. Alstom also gave us an option to purchase the Depot which we did and turned the Depot into a new project. We also had the option to purchase the Apparatus Shop should we find someone interested. Trikeenan Tile owned by Elgin Butler have kept up their payments to Steuben Trust and paid back taxes to the local entities. They have been upgrading their plant, installing new equipment, and increasing productivity.



Griffin stated that in our area we have seen a large increase in activity with over 300 jobs created in Hornell not only by Hornell businesses but also Crowleys and Gunlocke hire many from Hornell. A motion was made by Dave Parmley, seconded by George Prete to accept the Executives report as presented. Carried All.

There being no old business or new business, the meeting was adjourned at 5:15 PM.

Respectfully Submitted,

Joseph Foreman, Secretary