Meeting Minutes

March 11, 2011

A meeting of the Hornell Area Industrial Development Corporation was held on Friday, March 11, 2011, at 5:30 PM, at 40 Main Street, Hornell, NY.

PRESENT: Samuel Nasca, Chairperson
             George Prete, Vice Chairperson
              Shawn Hogan, Treasurer
              Dave Parmley, Asst. Treasurer

ABSENT: Joseph Foreman, Secretary

ALSO: James Griffin, CEO, Executive Director
         Wanda White, CFO, Admin. Asst.
          Andrew Poole, Evening Tribune Reporter

Chairperson Samuel Nasca called the meeting to order at 5:30 PM.

MINUTES

In absence of Secretary Foreman, Chairperson Nasca presented the minutes of the 12/16/10 meeting. A motion was made by Dave Parmley, seconded by George Prete to accept the minutes of the 12/16/10 meeting as presented. Carried All.

FINANCIAL REPORT

Treasurer Shawn Hogan presented the financial reports for the months of December, January & February. A motion was made by David Parmley, seconded by George Prete, to accept the financial report as presented. Carried All.

AUDIT COMMITTEE

Audit Chairperson George Prete presented the Audit Report stating the committee had met on 12/16/10 and approved bills for October, November, & December totaling $6,474, met on 2/24/11 and approved bills for January & February, totaling $980, and again on 3/11/11 for March totaling $2,350. A motion was made by Shawn Hogan, seconded by Dave Parmley to approve the actions of the Audit Committee. Carried All.

PERSONNEL COMMITTEE
No Report

GOVERNANCE COMMITTEE

Samuel Nasca, Chairman of the Governance Committee, stated that the Corporation reviewed all PAAA Compliances and procedures and made changes where necessary. He also stated that PARA Compliances were reviewed and books were compiled for both PAAA and PARA Compliances.

A motion for Resolutions to adopt all PAAA and PARA Compliances and revisions reviewed and approved by the Board on March 11, 2011, was made by Shawn Hogan, seconded by George Prete. The Question of the adoption of the Resolution was duly put to a vote on roll call, which resulted as follows:

Samuel Nasca – Yea George Prete – Yea
Shawn Hogan – Yea David Parmley – Yea
Joseph Foreman - Absent

The Resolution was thereupon duly passed.

OLD BUSINESS
None

NEW BUSINESS

The 2010 IDC Audit was presented to the Board for approval. After discussions, a motion was made by Shawn Hogan, seconded by David Parmley to approve the 2010 Audit as presented. Carried All.

Executive Director Griffin presented the PAAA & PARA Compliances for 2011 review by the Board. A motion was made by David Parmley, seconded by George Prete to accept the policies as presented.

There being no further business the meeting was adjourned at 5:45 PM upon motion by Parmley, seconded by Hogan. Carried All.



Respectfully Submitted,

Joseph Foreman, Secretary