Meeting Minutes

October 24,2014

A regular meeting of the Hornell Area Industrial Development Corporation was held on October 24, 2014 at 3:50 PM.

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

ABSENT: Joseph Foreman, Secretary

ALSO: James Griffin, Executive Director, CEO
         Wanda White, Administrative Asst.
         John Dagon, Attorney
         Jason Jordon, Reporter

Chairman Nasca called the meeting to order at 4:00 PM.

MINUTES

The minutes of the 8/22/14 meeting was presented by Chairman Nasca. 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 audited financial reports for the months of August & September. A motion was made by George Prete, seconded by Dave Parmley to approve the financial reports as presented. Carried All.

COMMITTEES

Audit Committee – No Report

Personnel Committee – No Report

Governance Committee – Chairman Nasca preented a resolution for PARA and PAAA stating that the Agency reviewed all compliances and procedures. A motion was made by Shawn Hogan, seconded by George Prete to adopt the Resolutions as reviewed by the Board. The Resolution was duly put to a vote on roll call, which resulted as follows:

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

The 2015 IDC Budget was presented as Financial Reports must be entered into PARIS by the end of October 2014. After discussions, a motion was made by Dave Parmley, seconded by Shawn Hogan to approve the 2015 IDC Budget.

Carried All.

There being no further business, the meeting was adjourned at 4:30 PM upon motion from George Prete, seconded by Dave Parmley. Carried All.



Respectfully Submitted,

Joseph Foreman, Secretary