Meeting Minutes

February 11, 2010

A regular meeting of the City of Hornell Industrial Development Agency was held on Thursday, February 11, 2010, at 5:00 PM, at 40 Main Street, Hornell, NY.

PRESENT

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

ALSO

James Griffin, CEO/Consultant
Tyler Briggs – Evening Tribune Reporter
Wanda White, CFO, Admin. Asst.
John Dagon – Agency Attorney
Russ Gaenzle – Attorney

Chairman Nasca opened the meeting at 5:00 PM.

MINUTES

The minutes of the 12/29/09 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.

FINANCIAL REPORT

The audited financial report for the months of December 2009 and January 2010 was presented by Treasurer Shawn Hogan. A motion was made by Shawn Hogan, seconded by Dave Parmley to approve the financial reports as presented. Carried All.

AUDIT COMMITTEE

Audit Committee Chairman George Prete stated the Audit Committee had met on 1/28/10 and approved bills in the amount of $731,172.42 and met again on 2/11/10 and approved bills in the amount of $22,634.80. A motion was made by Joseph Foreman, seconded by Dave Parmley, to approve the actions of the Audit Committee. Carried All.

PERSONNEL COMMITTEE

Personnel Committee Chairman Shawn Hogan stated that the Personnel Committee had met several times regarding the Consultants contract. He said the Board would sign another one-year contract with CEO/Consultant Griffin with salary of $66,000. A motion was made by Dave Parmley, seconded by Joseph Foreman to allow the Chairman to sign necessary papers with the CEO/Consultant. Carried All.

GOVERNANCE COMMITTEE

Governance Committee Chairman Nasca stated that the Governance Committee had discussed and approved the 2010-2011 Annual Budget on January 21, 2010 and will be voted upon at this meeting under New Business. He also stated that Hogan, Griffin and himself attended a NYSEDC Educational Seminar on PAAA Training. He also stated that five members of the Agency – Griffin, Hogan, Foreman, Parmley, & Nasca attended an Annual Meeting of the International Economic Development Council in Houston, TX January 30,31, & February 1, 2010. Members attended several sessions relating to contemporary economic development issues. Also handouts were given to Board Members regarding the Public Authorities Reform Act of 2009 and the proposed new Excelsior Jobs Program. A motion was made by George Prete, seconded by Shawn Hogan to accept Chairman Nasca’s report. Carried All.

NEW BUSINESS

Chairman Nasca requested the Board ratify the actions of the Governance Committee’s 1/21/10 meeting in approving the 2010-2011 Budget. A motion was made by Shawn Hogan, seconded by David Parmley to ratify the actions of the Executive Committee in approving the budget. A Resolution was put to a vote on roll call, which resulted as:                             

Nasca - Yea
Prete - Yea
Hogan - Yea
Parmley - Yea
Foreman – Yea

The Resolution was thereupon duly passed.

CEO’S REPORT

Executive Director Griffin presented a request for financial assistance (attached) from Standard Modern Lathes LLC. Griffin stated that the Krog Corporation would build a new 20,000 sq.ft. building in the ShawmutParkon a four-acre lot with sources in place for funding the project. Griffins aid that Standard Modern Lathes LLC would begin with employment of 17 in year one, 32 for the third year with a projection of 40 over five years. A Public Hearing will be scheduled. A Resolution was presented (see attached) to the Board by Russ Gaenzle of Harris Beach which authorizes the CHIDA to take or retain title to or a leasehold interest in a vacant lot located at 60 Shawmut Drive, Hornell, NY; appoint Standard Modern Lathes, LLC as its agent to undertake a certain project; hold a public hearing with respect to the project; negotiate the terms of a lease agreement, leaseback agreement, payment in lieu of tax agreement, and related documents; make certain findings in compliance with the NYS Environmental Quality Review Act (SEQRA); and provide financial assistance to the Company. A motion to accept the Resolution and authorize CEO Griffin to sign all necessary documents was made by Dave Parmley, seconded by George Prete. The Resolution was put to a vote on roll call, which resulted as:

Nasca- Yea
Hogan – Yea
Foreman – Yea
Prete – Yea
Parmley – yea.

The Resolution was thereupon duly passed.

LIN INDUSTRIES - Executive Director Griffin presented a proposal from Lin Industries to construct new offices in the building they lease from CHIDA. Uttara Prasad requested that CHIDA pay for materials to go into the project and Lin Industries would do the construction work. Materials are not to exceed $6,500. Mayor Hogan emphasized that the project would require a building permit and be built to City codes. A motion was made by Hogan, seconded by Prete, to authorize expenditure of $6,500 for materials for new offices at Lin Industries. Carried All.

Russ Gaenzle, Attorney for Harris Beach, spoke to the Board on fees that were being charged to local authorities. He stated Public Authorities Law, Section 2975, establishes a cost recovery of central governmental services to various public authorities. The Division of Budget determines the amount to be assessed to each public authority and the State Treasurer imposes and collects the assessments which are deposited in the State’s General Fund. Our assessment was $49,799. Russ told the Board his Agency was working diligently with IDA’s regarding assessments and would keep our Agency up to date on any information they would receive.

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

Respectfully submitted,
Joseph Foreman, Secretary