BOARD OF DIRECTORS MEETING
County of Chautauqua Industrial Development Agency
200 Harrison Street, Jamestown, NY
March 22, 2016
10:00 a.m.
Mike Metzger Chairman
Dennis Rak Vice-Chair
Cory Duckworth Member
David Bryant Member
George Borrello Member
Also in attendance:
Kevin Sanvidge Adm. Director/CEO
Rich Dixon CFO
Don McCord Deputy Director PED
Michelle Turner VP of Marketing
Greg Peterson Counsel
George Cregg Bond Counsel
Lawrie Taylor CCIDA Staff
Kristine Morabito CCIDA Staff
Sue Casel CCIDA Staff
Dave DiTanna Buffamante Whipple Buttafaro, PC
Mark Bohn The Original Crunch Roll
Mark Lyons RES/Ball Hill Wind Energy LLC
Matt Moses Attorney for RES
Absent Board Member(s): Hans Auer, Kim Peterson, Kelly Farrell DuBois, and Brad Walters
Mike Metzger
I will now call the County of Chautauqua Industrial Development Agency (CCIDA) Board of Director’s meeting to order. We are meeting at CCIDA, 200 Harrison Street, Jamestown, NY. Today is March 22nd, 2016 (10:04 a.m.).
I will now have roll call.
Cory Duckworth – Here, David Bryant – Here, George Borrello – Here, Dennis Rak – Here, and Mike Metzger – Here. We have a quorum and will begin the meeting.
I would like a motion to accept the February 23rd, 2016, minutes.
George Borrello
So moved.
Dennis Rak
Second.
Mike Metzger
Any discussion? Hearing none – All in favor indicate by saying Aye.
Board Members
Ayes all around – The minutes are accepted.
We are going to go a little out of order since Mark Bohn is here. Cory, Resolution F, please.
Cory Duckworth
Resolution 03-22-16-06
Resolution Taking Preliminary Action Toward the Acquisition and Straight Leasing of a Certain Project for the Original Crunch Roll Factory, LLC, Authorizing the Execution and Delivery of a Preliminary Agreement with the Applicant with Respect to Such Transaction.
Dennis Rak
Second.
Kristine Morabito
Briefly discussed the project, and introduced Mark Bohn.
Mark Bohn
Mark discussed his background in the restaurant industry. Developed the crunch roll and received a very good response. They connected with a co-packer and found a significant interest in their product. Their intention has always been to set up manufacturing. Found the machinery to produce the product and have a distribution plan in place.
They saw the on-line auction at the former Rae Foods. A deal was negotiated with the bank to buy the building. I bought a decent amount of the equipment at the auction. A food truck was purchased to introduce the product to the public at large events.
Mike Metzger
If there is no discussion, I will take a roll call vote.
Cory Duckworth – Aye, David Bryant – Aye, George Borrello – Aye, Dennis Rak – Aye, and Mike Metzger – Aye.
The Resolution is passed. George, Resolution E, please.
George Borrello
Resolution 03-22-16-05
Resolution Taking Preliminary Action Toward the Acquisition and Straight Leasing of a Certain Project for Ball Hill Wind Energy, LLC, and authorizing the Execution and Delivery of a Preliminary Agreement with the Applicant with Respect to Such Transaction.
David Bryant
Second.
Mark Lyons
We are proposing to complete the Ball Hill Wind Project that began in 2006/2007. An overview of the project was given.
There was general discussion among the Board.
Mike Metzger
If there is no discussion, I will take a roll call vote.
Cory Duckworth – Aye, David Bryant – Aye, George Borrello – Aye, Dennis Rak – Aye, and Mike Metzger – Aye.
The Resolution is passed. Dennis, Resolution A, please.
Dennis Rak
Resolution 03-22-16-01
Resolution Authorizing an AL Tech Loan for HH Jamestown, LLC.
Cory Duckworth
Second
Rich Dixon
Gave an overview of Resolutions A, B, and C.
There was discussion on this project being designated a Tourism Destination due to being located downtown and its proximity to the Comedy Center.
Mike Metzger
If there is no further discussion, I will take a roll call vote.
Cory Duckworth – Aye, David Bryant – Aye, George Borrello – Aye, Dennis Rak – Aye, and Mike Metzger – Aye.
The Resolution is passed. David, Resolution B, please.
David Bryant
Resolution 03-22-16-02
Resolution of the County of Chautauqua Industrial Development Agency Pursuant to the State Environmental Quality Review Act Concerning the Determination of Significance for HH Jamestown, LLC.
George Borrello
Second.
Mike Metzger
If there is no discussion, I will take a roll call vote.
Cory Duckworth – Aye, David Bryant – Aye, George Borrello – Aye, Dennis Rak – Aye, and Mike Metzger – Aye.
The Resolution is passed. Cory, Resolution C, please.
Cory Duckworth
Resolution 03-22-16-03
Resolution Taking Official Action Toward and Approving the Straight Lease Documents for HH Jamestown, LLC.
Dennis Rak
Second.
Mike Metzger
If there is no discussion, I will take a roll call vote.
Cory Duckworth – Aye, David Bryant – Aye, George Borrello – Aye, Dennis Rak – Aye, and Mike Metzger – Aye.
The Resolution is passed. George, the Audit Report please.
George Borrello
Resolution 03-22-16-04
Resolution Approving the 2015 Audit.
David Bryant
Second.
Dave DiTanna
First and foremost is – what is the responsibility when we have an audit – is for our firm to provide the agency with an opinion. That opinion is whether the financial statements prepared by management with your oversight are fairly presented, in all material respects, in conformity with the U.S. generally accepted accounting principles. We are providing a “clean opinion” that says your financial statements are in fact in conformity with the generally accepted accounting principles with no exceptions.
If you were to read pages 3-8 in the Audit report, you would get a pretty good feel for what happened as far as financial results for the Agency in 3015 in comparison to the prior year – 3014.
An overview of the Audit was given.
Mike Metzger
If there is no discussion, I will take a roll call vote.
Cory Duckworth – Aye, David Bryant – Aye, George Borrello – Aye, Dennis Rak – Aye, and Mike Metzger – Aye.
The Resolution is passed.
I would now like to move for a motion to go in to executive session to discuss the financial and credit history of certain companies and personnel matters.
Dennis Rak
I so move.
Cory Duckworth
I second.
Mike Metzger
All those in favor.
Board
Ayes all around. We are now in Executive Session.
Executive Session begins at 11:20 a.m.
Executive Session ends at 11:28 a.m.
Mike Metzger
We are now in regular session.
Is there anything more to come before the Board? If not, may I have a motion to adjourn?
Dennis Rak
So moved.
George Borrello
Second.
Mike Metzger
All those in favor – Ayes all around.
This meeting is adjourned. Meeting adjourned at 11:29 a.m.