Meeting Minutes

February 20, 2014

The monthly meeting of the City of Hornell Industrial Development Agency was held on Thursday, February 20, 2014, at 4:00 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.
John Dagon, Agency Attorney
Jeff Cole, Reporter, Evening Tribune

Chairman Nasca called the meeting to order at 4:00 PM. Secretary Joseph Foreman made a motion to accept the 1/10/14 minutes as presented. Motion was seconded by Dave Parmley to accept the minutes as presented. Carried All.

Treasurer Shawn Hogan presented the audited financial report for the month of January 2014, as reviewed by our accountants Mengel, Metzger, Barr. A motion was made by David Parmley, seconded by Joseph Foreman to approve the financial report as presented. Carried All. It was noted that a negative balance of $58,557.86 in Steuben checking account was deemed to be a bank error and will be corrected on the next statement.

AUDIT COMMITTEE

George Prete, Chairman of the Audit Committee, stated that the Committee met on 2/20/14 and approved bills in the amount of $179,249.78 and PILOT payments of $82,868.60. A motion was made by Shawn Hogan, seconded by Dave Parmley, to approve the actions of the Audit Committee. Carried All.

PERSONNEL COMMITTEE

Mayor Hogan, Chairman of the Personnel Committee stated that the Committee had met with Mr. Griffin and extended his consultant contract from February 1, 2014 to January 31, 2015 under the same terms and conditions as the previous year. A motion was made by Dave Parmley, seconded by George Prete to approve the actions of the personnel committee. Carried All.

GOVERNANCE COMMITTEE

Samuel Nasca, Chairman of the Governance Committee, stated that the Board attended the IEDC Leadership Summit in February in California and received the latest updates on economic development. Nasca also reported that he and Mr. Griffin attended a NYSEDC Sectional Conference in Albany. After handing out a report from the conference, discussion on the sales tax claw-back ruling was discussed. Mr. Griffin stated that any project that does not deliver or meet conditions that were expected of the project overview, would also have to give back sales tax exemptions to the State. Chairman Nasca also stated that most agencies have a formal labor policy in force. Nasca and Griffin will present one to the Board for the Agency’s review. A motion was made by George Prete, seconded by Dave Parmley to accept the Chairman’s committee report.

CEO’S REPORT

Chief Executive Officer James Griffin reported that the closing with STREDEC on the Depot project for $250,000 less disbursements was today and monies were deposited back in the bank account from which it was drawn for the Depot Project.

TRIKEENAN - Executive Director Griffin stated that we had agreed to spend up to $75,000 on the electrical upgrades to the Trikeenan Building. Griffin asked to Board for an additional $5,000 for a second heater that needs to be replaced. A Resolution to enter into agreement to have a contractor install a second heater at Trikeenan, not to exceed $5,000 , and add to the $75,000 upgrade, was made by Dave Parmley, seconded by Joseph Foreman. The Resolution was duly put to a vote on roll call, which resulted as follows:

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

The Resolution was thereupon duly adopted.

A motion was made by Shawn Hogan, seconded by Joseph Foreman, to enter into executive session under Public Officers Law, Article 7, Open Meeting Law, Section 105, paragraph D, to discuss personnel and property matters.

The meeting reconvened at 5:00 PM. There being no further business, the meeting was adjourned upon motion by Shawn Hogan, seconded by Dave Parmley. Carried All.



Respectfully Submitted,
Joseph Foreman, Secretary