Meeting Minutes
November 18, 2010
The monthly meeting of the City of Hornell Industrial Development Agency was held on November 18, 2010, at 5:00 PM, at 40 Main Street, Hornell, NY.
PRESENT
Samuel Nasca - Tele-conterence
George Prete, Vice Chairman
Shawn Hogan, Treasurer
Dave Parmley, Asst. Treasurer
Joseph Foreman, Secretary
ABSENT
None
ALSO
James Griffin, Executive Director
Wanda White, Admin. Asst.
John Dagon, Attorney
Tyler Briggs, Reporter, Evening Tribune
Chairman Nasca called the meeting to order at 5:00 PM.
MINUTES
Secretary Joseph Foreman presented the minutes of the 10/28/10 meeting. A motion was made by Dave Parmley, seconded by George Prete, to approve the minutes as presented. Carried All.
FINANCIAL REPORT
Treasurer Shawn Hogan presented the financial reports for the month of October 2010. A motion was made by Shawn Hogan, seconded by Dave Parmley, to approve the financial report as presented. Carried All.
AUDIT COMMITTEE
Audit Committee Chairman George Prete stated that the Audit Committee met on November 18, 2010 and approved bills in the amount of $41,138.79. A motion to approve actions of the Audit Committee was made by Joe Foreman, seconded by Dave Parmley. Carried All.
PERSONNEL COMMITTEE
The Personnel Committee Chairman Shawn Hogan had no report.
GOVERNANCE COMMITTEE
Governance Committee Chairman Sam Nasca reported that the Agency would audit all of the polices and procedures of the Agency, mandates created by the PAAA, and PILOTS, and have the Agency’s Attorney’s check information to make sure we are in compliance with the ABO.
EXECUTIVE DIRECTORS REPORT
RESOLUTION – Executive Director Griffin presented an Application for financial Assistance (enclosed) from the Krog Corporation. Krog will develop and renovate the Federation building and create nine loft apartments. The City will assist the Developer in purchasing and renovating the building with a $1,500,000 Grant. The IDA will buy the building from Lyng with City monies and will hold title to the building and will lease/leaseback agreement to Krog. The IDA will be the conduit to work with the City to bring this project about.
An Inducement Resolution was presented to the Board (see attached) and a motion was made by Shawn Hogan, seconded by Dave Parmley to accept the Resolution. The Resolution was put to a vote on roll call, which resulted as:
Sam Nasca – Yea
George Prete - Yea
Shawn Hogan – Yea
Dave Parmley – Yea
Joe Foreman – Yea
The Resolution was thereupon duly passed.
18 NORTH MAIN STREET – Executive Director Griffin stated that the 18 N. Main Street Building needs extensive repairs on the sprinkler system. He stated he received a quote from Ulmer Davis, the only company who works on sprinkler systems in this area, of $5,120.00. A motion was made by Shawn Hogan, seconded by George Prete to contract with Ulmer Davis for $5,120.00 for the sprinkler system repairs. Carried All.
ASSESSMENT – Griffin stated that the Agency had received an assessment from the State of New York Department of Taxation & Finance in the amount of $60,075.30 based on 2009 PARIS Reports and is $60,075.30 and is due by 3/31/2011. NYSEDC will lead the legal challenge to this assessment.
EMPIRE ZONE – Griffin reported that 63 Business Annual Reports were sent to us for distribution to our empire zone businesses and is due back by 12/17/10.
NEW BUSINESS
A motion was made by Shawn Hogan, seconded by David Parmley to endorse the Steuben County Economic Development Plan and commit to being a partner in implementing the plan to further job growth and opportunities for all of our residents and to express our appreciation to SCIDA for its efforts to develop this plan. Carried All.
EXECUTIVE SESSION
A motion was made by Dave Parmley, seconded by George Prete to enter into Executive Session under Public Officers Law, Article 7, Open Meeting Law, Section 105, paragraph D. Carried All.
The meeting reconvened at 6:00 PM. There being no further business, the meeting was adjourned at 6:15 PM, upon motion from David Parmley, seconded by George Prete. Carried All.
Respectfully submitted,
Joseph Foreman, Secretary
City of Hornell IDA
