Meeting Minutes

July 28, 2011

The Annual Meeting of the City of Hornell Industrial Development Agency was held on Thursday, July 28, 2011, at noon, at 40 Main Street, Hornell, NY.
 

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

ABSENT:        None

ALSO:             James W. Griffin, CEO, Consultant
                       Wanda White, Admin. Asst.
                       Wayne Drescher, Auditor
                       James Rahmlow, CPA
                       Andrew Poole, Reporter
                       John Dagon, Attorney
             

Chairman Samuel Nasca opened the meeting at 12:20 PM.

MINUTES – Secretary Joseph Foreman presented the minutes of the 6/23/2011 meeting. A motion was made by Dave Parmley, seconded by George Prete to accept the minutes of the 6/23/11 meeting. Carried All.
 

FINANCIAL REPORT – Treasurer Shawn Hogan presented the financial reports for the month of June 2011. A motion was made by Joseph Foreman, seconded by George Prete to accept the financial reports as presented. Carried All.

AUDIT COMMITTEE – Audit Committee Chairperson, George Prete presented the audit report for July 2010. He stated that the Audit Committee had met on 7/28/2011 and approved bills in the amount of $81,000.76. A motion was made by Dave Parmley, seconded by Joe Foreman to approve the actions of the Audit Committee. Carried All.

PERSONNEL COMMITTEE – No Report

GOVERNANCE COMMITTEE – Chairman Nasca stated that the reporting error on the State Comptrollers report had been corrected. State Sales Tax Exemption on the Lowes Project was reported as $15,295, 500 and should have been $152,955. He also informed the Board that due to the State owing the federal government over $3 billion, that all employers in New York State would be billed an additional $21.25 for unemployment taxes to make up the shortage. A motion was made by Dave Parmley, seconded by Joseph Foreman to approve the governance report as presented. Carried All.
 

ANNUAL AUDIT – Wayne Drescher, The Agency Auditor from Drescher & Malecki presented the 4/1/10 – 3/31/11 Audit Report for the City of Hornell Industrial Development Agency. Drescher stated that the Audit contained a clean opinion and no issues were found. Drescher also stated that the Agency had a strong cash position even in these hard economic times. After discussion of the Audit, Chairperson Nasca thanked Wayne for a job well done. A motion was made by Dave Parmley to approve the Audit as presented and seconded by George Prete to approve the 3/31/11 Audit. Carried All.
 

Wayne Drescher stated also that a previous $55,000 investment in our office building to the Chamber was now recognized as a receivable in the event the building is sold.
 

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

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

A motion was made by Dave Parmley, seconded by George Prete to accept the slate of officers as presented. Chairperson Nasca requested the Secretary to cast one ballot for the 2011-2012 officers. Carried All.

APPOINTMENTS – Chairperson Nasca also stated he had appointed three Sub Committees in February 2007, as required by PAAA, and they would remain for years 2011-2012:
 

           Audit Committee – George Prete – Chairperson
                                        Joseph Foreman – Member
                                        Dave Parmley – Members
           

          Personnel Committee – Shawn Hogan – Chairperson
                                           George Prete – Member
                                           Dave Parmley – Member
           

           Governance Committee – Samuel Nasca – Chairperson
                                             Shawn Hogan – Member
                                             Joseph Foreman – Member
                                                   

Chairperson Nasca also made the following appointments for 2011-2012:

                                           James Griffin – CEO
                                           Shawn Hogan – CFO

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

The following Designations were announced by Chairperson Nasca:

                                   John Dagon – Agency Attorney
                                   Harris Beach – Bond Consul
                                   Dresher & Malecki – Auditors
                                   Jim Rahmlow – MMB, CPA
                                   Evening Tribune – Official Newspaper
 

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

Chairperson Nasca summarized his annual report to the Mayor and the Agency (copy attached). A motion by Dave Parmley, seconded by George Prete to approve the Chairman’s report. Carried All.
 

Chief Executive Officer James Griffin summarized his annual report (attached). Griffin updated on the Trikeenan Bankruptcy stating it had had been ruled in favor of Elgin Butler against Trikeenan and a hearing was scheduled for August. He also stated that Elgin Butler had a fire in one of their main plants and would like to accelerate their move to Hornell.

Griffin also stated that the Agency has been very busy, but with the economy the way it is, he is working more with existing businesses for job retention. A motion was made by Shawn Hogan, seconded by Joseph Foreman to accept the CEO’s report. Carried All.
 

OLD BUSINESS – None
 

NEW BUSINESS – None
 

There being no further business a motion was made by Shawn Hogan, seconded by Joseph Foreman to adjourn the meeting at 1:15 PM. Carried All.

Respectfully Submitted,

Joseph Foreman, Secretary