Meeting Minutes
October 2, 2008
The monthly meeting of the City of Hornell Industrial Development Agency was held on October 2, 2008 at 6:00 PM, at 40 Main Street, Hornell, NY.
PRESENT
Samuel Nasca, Chairman
Shawn Hogan, Treasurer
George Prete. Vice Chairman
Joseph Foreman, Secretary
ABSENT
David Parmley, Asst. Treasurer
ALSO
James Griffin, CEO, Executive Director
Wanda White, CFO, Administrative Assistant
Bob Clark, Reporter, Evening Tribune
Chairman Nasca opened the meeting at 6:10 PM. Joseph Foreman, Secretary, presented the minutes of the 9/3/08 meeting. A motion was made by Shawn Hogan, seconded by George Prete to approve the minutes as presented. Carried All.
Treasurer Shawn Hogan presented the financial report for the month of August 2008. A motion was made by Joseph Foreman, seconded by George Prete to approve the financial report as presented. Carried All.
AUDIT COMMITTEE
The Audit Committee Chairman, George Prete, stated that the Audit Committee met on October 2, 2008, and approved bills in the amount of $13,909.87 for the month of September, and also approved bills in the amount of $32,972.71 for the month of October. A motion to approve actions of the Audit Committee, was made by Shawn Hogan, seconded by Joseph Foreman. Carried All.
PERSONNEL COMMITTEE
The Personal Committee Chairman Shawn Hogan, had no report.
GOVERNANCE COMMITTEE
The Governance Committee Chairman, Samuel Nasca, stated that the national economic problem would roll over into New YorkState. He said no Agency or Department would be spared and we should be prepared for hard times. Also he stated that there is a new IDA bill that has been filed. We should know what it entails shortly. Nasca stated there would be an IEDC conference in Atlanta Georgia on October 18-21, 2008 and Coronet in Orlando on November 9-12, 2008.
He urged all members to attend. A motion to accept Chairman Nasca’s report was made on motion from George Prete, seconded by Shawn Hogan. Carried All.
EXECUTIVE DIRECTORS REPORT
Appalachia Grant - Executive Director Griffin stated that he filed for an extension on a Grant of $25,000 for marketing. This Grant was applied for by Stephen Dennis, and nothing was done on this. Griffin has asked for the extension to July 2009.
LOWE’S – Griffin stated that Lowe’s had verbally approved the PILOT Agreements and fee schedules. We should receive them within the next week.
NEW BUSINESS
Executive Director Griffin presented a Memorandum of Agreement (enclosed) between the CHIDA and the City of Hornell. He stated that Alstom had a project in progress in conjunction with their parking area and rehabilitation of the street that goes from the Guard shack to the back of the building. We have a proposed agreement between the IDAand the City asking the IDAto pay the City, not to exceed $265,000, for this project. Alstom has a commitment to pay back to the City $292,000 by June 2009. The City will reimburse CHIDA the amount not to exceed $265,000, when they receive from Alstom the pay back from the Community Development Loan Program.
A motion was made by George Prete, seconded by Joseph Foreman, to approve the Memorandum of Agreement (MOA) and authorize Executive Director Griffin to sign the contract drawn by Joe Pelych. The MOA was put to a vote on roll call, which resulted as:
Nasca – Aye
Prete – Aye
Foreman–Aye
Hogan – Abstained
Parmley - Absent
The MOA was therefore passed.
OLD BUSINESS
REDEC – Mr. Griffin presented a bill from REDEC requesting the fourth draw down of $4,000, which will be utilized as local match funding. This was the 4th payment of $20,000 authorized by the Agency on May 29, 2003.
A motion to enter into Executive Session under Public Officers Law, Article 7 Open Meeting Law Section 105, paragraph d, was made by George Prete, seconded by Joseph Foreman .
The regular meeting reconvened at 6:40 PM. There being no further business, the meeting was adjourned at 6:50 PMupon motion from Shawn Hogan, seconded by George Prete. Carried All.
Respectively Submitted,
Joseph Foreman, Secretary
