Meeting Minutes

October 22, 2009

A regular meeting of the City of Hornell Industrial Development Agency was held on Thursday, October 22, 2009, at 5:00 PM, at 40 Main Street, Hornell, NY.

PRESENT

Dave Parmley, Asst. Treasurer
George Prete, Vice Chairman
Joseph Foreman, Secretary
Shawn Hogan, Treasurer

ABSENT

Samuel Nasca, Chairman

ALSO

James W. Griffin, Consultant, CEO
Wanda White, CFO, Admin. Asst.
Bob Clark, Reporter, Evening Tribune
John Dagon, Agency Attorney

Vice Chairman George Prete called the meeting to order at 5:00 PM.

MINUTES

Secretary Joseph Foreman presented the minutes of the 9/24/09 meeting. A motion was made by Shawn Hogan, seconded by Dave Parmley to accept the minutes of the 9/24/2009 meeting as presented. Carried All.

FINANCIAL REPORT

Treasurer Shawn Hogan presented the financial report for the month of September 2009. A motion was made by Joseph Foreman, seconded by Dave Parmley to accept the financial report as presented. Carried All.

AUDIT COMMITTEE

Audit Committee Chairman, George Prete, presented the audit report for October 2009. He stated the Audit committee had met on October 22, 2009 and approved payments in the amount of $116,519.53 for the month of October. A motion was made by Shawn Hogan, seconded by Joseph Foreman to approve the actions of the audit committee. Carried All.

PERSONNEL COMMITTEE

Personnel Committee Chairman, Shawn Hogan, had no report.

GOVERNANCE COMMITTEE

Governance Committee Chairman Sam Nasca was not available for the meeting.

CEO’s REPORT

Bocobo Property - CEO Griffin informed the Board that the Agency would close on the Bocobo property within the next two weeks. 

Rail Siding – CEO Griffin stated we had received an extension on the rail siding until 12/2010 to close the project. Griffin said he had talked to a certified engineer, Frank Anthony, to provide engineering at a cost of approximately $1200.00. Norfolk Southern will still install the switch.

18 N. Main Street– CEO Griffin stated he had a commercial cleaning company, ServPro, look at the upstairs of the old Marion Rohr Building and asked for a quote to professionally clean the building. Aaron Evingham will be hired to close the building up and do light work.

Lin Industries – CEO Griffin stated that Lin Industry’s lease would run out in November 2009. Utarah Prasad, owner of Lin’s, has contacted the Agency regarding repairs needed to the building. Griffin said that some of the repairs would be the tenant’s responsibility but the Agency did need to do some repair work on the building. He would get estimates and would extend their lease on a month to month basis until repairs are completed, then the rent would be renegotiated.

Gates Rockwell – CEO Griffin stated that Davis Ulmer, the sprinkler system company that services our properties, informed him that the sprinkler heads on the system at Gates Rockwell needed to be replaced. The cost would be $14000.00. Griffin said that the Agency could phase the cost by doing one floor the first year, then the second and third floors consecutively. He stated there were other repairs to be done at the building also and would get back to the Board with some estimates. 

OLD BUSINESS

None

NEW BUSINESS

None



There being no further business, the meeting was adjourned at 5:30 PM upon motion by George Prete, seconded by Joe Foreman. Carried All.

Respectfully Submitted,
Joseph Foreman, Secretary