Meeting Minutes

March 14, 2013

A regular meeting of the Hornell Area Industrial Development Corporation was held on Thursday, March 14, 2013, 4:15 PM, at 40 Main Street, Hornell, NY.

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

ALSO:       James Griffin, CEO, Executive Director
               Wanda White, Administrative Asst.
               Jeff Stone, Reporter Evening Tribune
               Bill Dugan, Reporter WLEA

Chairman Nasca called the meeting to order at 4:15 PM.

MINUTES

Joseph Foreman, Secretary of the HAIDC, presented minutes of the 12/5/2012 meeting. A motion was made by Dave Parmley, seconded by George Prete to approve the minutes of the 12/5/12 meeting. Carried All.

FINANCIAL REPORT

Treasurer Shawn Hogan presented the financial reports for the months of December 2012, January and February, 2013 as audited by our accountants Mengel, Metzger & Barr. A motion was made by Dave Parmley, seconded by George Prete, to approve the financial reports as presented. Carried All.

AUDIT COMMITTEE

George Prete, Chairman of the Audit committee, stated the Audit Committee met on March 14, 2013 and approved bills in the amount of $6,803.13 for December, $1,650.00 for February, and $395.00 for March. A motion was made by Dave Parmley, seconded by Shawn Hogan to approve the actions of the Audit Committee. Carried All.

Personnel Committee – Shawn Hogan, Chairman of the Personnel Committee had no report.

GOVERNANCE COMMITTEE

Samuel Nasca, Chairman of the Governance committee had no report.

NEW BUSINESS
 The 2012 IDC Audit was presented to the Board for approval. After discussion, a motion was made by Shawn Hogan, seconded by David Parmley to approve the 2012 Audit as presented. Carried All.

OLD BUSINESS

Chairman Nasca presented a Resolution (attached) on the Corporation’s PAAA compliances and procedures which was ratified on the recommendations of our attorney’s. The Board also presented and adopted a Travel & Discretionary Funds Policy. The question of the adoption of the Resolutions 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 – Yea

The Resolution was thereupon duly passed.
 

There being no further business, the meeting was adjourned at 4:45PM.
 

Respectfully Submitted,
Joseph Foreman, Secretary