Meeting Minutes

January 22, 2009

The monthly meeting of the Hornell Area Industrial Development Corporation was held on January 22, 2009, at 7:30 PM, at 40 Main Street, Hornell, NY.

PRESENT: Samuel Nasca, Chairman
Shawn Hogan, Treasurer
George Prete. Vice Chairman
Joseph Foreman, Secretary

ABSENT: David Parmley, Asst. Treasurer

ALSO: James Griffin, CEO, Executive Director
Wanda White, CFO, Administrative Assistant
Bob Clark, Reporter, Evening Tribune
John Dagon, Attorney

Chairman Nasca opened the meeting at 7:30 PM. Joseph Foreman, Secretary, presented the minutes of the October 30, 2009. A motion was made by George Prete, seconded by Shawn Hogan to approve the minutes as presented. Carried All.

Treasurer Shawn Hogan presented the financial reports for the month of October, November, and December, 2008. A motion was made by George Prete, seconded by Joseph Foreman to approve the financial reports as presented. Carried All.

The Audit Committee Chairman, George Prete, stated that the Audit Committee met on 1/22/09 and approved bills totaling $21,833.89 for the months of November & December 2008. A motion to approve actions of the Audit Committee was made by Shawn Hogan, seconded by Joseph Foreman. Carried All.

PAAA POLICIES – Chairman Nasca presented a Resolution (attached) to adopt IDA to conform with PAAA requirements. A motion was made by George Prete, seconded by Shawn Hogan to approve the Resolution. The motion was put before the Board and Roll call was as follows:

Sam Nasca – Aye
George Prete – Aye
Shawn Hogan – Aye
Joseph Foreman – Aye
David Parmley – Absent

The motion was therefore carried.

The 2009 Budget was presented by Griffin. A motion was made by Shawn Hogan, seconded by George Prete to accept the Budget as presented. The motion was put before the Board and Roll call was as follows:

Nasca – aye
Foreman - aye
Prete – aye
Hogan – aye
David Parmley - Absent

The motion was therefor duly passed.

A motion was made by Hogan, seconded by Nasca to support Sports Nite Program by the K of C in the amount of $480.00. Carried All.

There being no further business, the meeting was adjourned at 8:00 PM.



Respectively Submitted,

Joseph Foreman

Secretary

Hornell Area Industrial Development Corporation