Meeting Minutes

January 28,2016

A regular meeting of the City of Hornell Industrial Development Agency was held on Thursday, January 28, 2016, at 4:00 PM.

PRESENT: Samuel Nasca, Chair
George Prete, Vice Chair
Shawn Hogan, Treasurer, CFO
Joseph Foreman, Secretary
Dave Parmley, Assistant Treasurer/ Assistant Secretary
ALSO: James Griffin, CEO, Executive Director
Margaret Frungillo, Administrative Assistant
John Dagon, Attorney 

Chairman Nasca called the meeting to order at 4:00 PM. Chairman Nasca reported that there was a quorum for the meeting. Secretary Foreman presented the minutes of the December 16, 2015 meeting. A motion was made by Dave Parmley, seconded by George Prete to approve the minutes of the 12/16/15 meeting. Carried All.

Treasurer Shawn Hogan presented the financial statements for December that had been e-mailed to the Board prior to the meeting and reviewed by our accountants Mengel, Metzger, & Barr. A motion was made by Dave Parmley, seconded by Joseph Foreman to approve the financial report as presented. Carried All.

COMMITTEE REPORTS

Audit Committee – Chairman of the Audit committee, George Prete, reported that the Audit Committee had met on 1/28/16 and approved bills in the amount of $44,918.85 for December and $51,440.33 for January from the operating account for a total of $96,359.18. They also approved bills on 1/28/16 for $58,775.22 for December and $400,000.00 for January for a total of $458,775.22 from the escrow account. A motion was made Shawn Hogan, seconded by Joseph Foreman, to approve the actions of the Audit Committee. Carried All.

Personnel Committee – No report

Governance Committee – Chairman Nasca reported that he had attended an Economic Development Conference in Albany on January 19-21, 2016. The conference discussed new laws that are to go into effect on June 15, 2016. The new laws will effect IDA's policies, reporting processes and enforceable clawback agreements. Chairman Nasca passed out folders containing the new applications and policies that will be required.

A motion was made by Dave Parmley, seconded by George Prete, to approve the actions of the Governance Committee as presented. Carried All. 

EXECUTIVE DIRECTOR'S REPORT

BRIXMORE – Griffin stated that Brixmore is working on creating a north lane turning lane to enter the Plaza. Once they have this issue resolved they can continue with their plan to extend the Plaza.

AMEXSTRA- Executive Director Griffin stated that the Board will be making an on-site visit to the Amexstra building after the meeting. Jason Rodd, owner of Amexstra, has been remodeling the building located at 27 Bank Street, Hornell NY 14843 that he is leasing from the IDA for his business.

TRIKEENAN- Executive Director Griffin reported that Trikeenan is behind on their previous Pilot payments and owe a new Pilot as of December 1, 2015. Trikeenan has been making the payments to Steuben Trust on the business loan for the building. The loan was originally for $1.1 million and is now under $600,000.00.

ALSTOM- Executive Director Griffin stated that he and the Mayor Hogan had a meeting at Alstom with Susan Payne, Jamie Johnson and Vincent LeCat regarding either building at the South Yards or expanding the existing building. The IDA will be renegotiating their lease with Alstom in the next few months.

DEVELOPER- Executive Director Griffin reported that he and Mayor Hogan have been meeting with a developer that is interested in developing the property by the Airport that was recently annexed into the City. The developer is interested in building a housing development consisting of approximately 100 units on the 50 acres currently owned by the IDA. The property is presently being leased to Hoeffner's Farm by verbal agreement for $1,250.00 to cover the taxes that would be on the property. After a discussion, a motion was made by Dave Parmley, seconded by Shawn Hogan to approve not renewing the verbal agreement that allows Hoeffner Farm's to lease the 50 acres.

The motion was put to vote on roll call, which resulted as follows:

Samuel Nasca – Aye           George Prete – Aye
Shawn Hogan – Aye           David Parmley – Aye
Joseph Foreman – Aye

The Resolution was duly adopted. 

Updyke's Convenient Store- David and Joanne Updyke have purchased the property at 190 East Ave., Hornell NY 14843 and have plans for the construction of a Convenient Store. Executive Director Griffin presented an analytic report regarding basic information on the project and estimated benefits for the Company.
The Agency will discuss any action they will take and assistance they can provide at the next meeting.

The next meeting of the Board of Directors will be March 11, 2016 at 12:00 PM.

There being no further business the meeting was adjourned at 5:00 PM upon motion George Prete, seconded by Joseph Foreman.



Respectfully submitted,

Joseph Foreman, Secretary