BOARD OF DIRECTORS MEETING
County of Chautauqua Industrial Development Agency
201 W Third Street, Jamestown, NY
May 23, 2017
10:00 a.m.
Kim Peterson Secretary
Hans Auer Treasurer
David Bryant Member
Cory Duckworth Member
Brad Walters Member
Also in attendance:
Kevin Sanvidge Adm. Director/CEO
Rich Dixon CFO
Don McCord Senior Planner PED
Greg Peterson Counsel
Michelle Turner VP of Marketing
Carol Rasmussen CCIDA Staff
Lawrie Taylor CCIDA Staff
Sue Casel CCIDA Staff
Jim McCarthy The Post Journal
Vince DeJoy City of Jamestown
Bill Rice City of Jamestown
Jason Sample WRFA
Absent Board Member(s): Mike Metzger, Dennis Rak, George Borrello, and Kelly Farrell DuBois
Meeting was called to order by Kim Peterson, Secretary, at 10:00 a.m.
Kim Peterson
I will now call the County of Chautauqua Industrial Development Agency (CCIDA) Board of Director’s meeting to order. We are meeting at CCIDA, 201 W Third Street, Jamestown, NY. Today is May 23, 2017 (10:00 a.m.).
I will now have roll call.
Hans Auer – Here, David Bryant – Here, Brad Walters – Here, Cory Duckworth – Here, and Kim Peterson – Here.
We have a quorum and will begin the meeting.
I would like a motion to accept the May 2, 2017, minutes that you had received in advance.
David Bryant
So moved.
Hans Auer
Second.
Kim Peterson
Any discussion? Hearing none – All in favor indicate by saying Aye.
Ayes all around – The minutes are accepted.
Let’s move in to new business. Hans, the first Resolution.
Hans Auer
Resolution 05-23-17-01
Resolution of the County of Chautauqua Industrial Development Agency Pursuant to the State Environmental Quality Review Act Concerning the Determination of Significance for GPatti Enterprises, LLC.
Cory Duckworth
Second.
Carol Rasmussen
At the last meeting we passed the Preliminary Resolution for GPatti Enterprises to have the Public Hearing. The Public Hearing was held on May 17th. No one attended. The minutes were sent to the Board prior to this meeting.
The first resolution for GPatti is the SEQR resolution that is determined as an unlisted action. It’s a negative dec, which means we can go forward with the approval that is the second resolution – taking official action toward approving a straight lease with GPatti Enterprises.
We have discussed this project before. George Patti III is purchasing the Lillian Nea building. It’s a $4,458,000 project. It will house Jamestown Brewing Company, owned by Jon Mclellan Sr. They will be getting $250,000 sales tax abatement and $31,250 in mortgage recording taxes. Those are the only incentives they will be getting from the CCIDA.
Kim Peterson
If there is no further discussion, I will take a roll call vote.
Hans Auer – Aye, David Bryant – Aye, Brad Walters – Aye, Cory Duckworth – Aye, and Kim Peterson – Aye.
The Resolution is passed. Cory, the next Resolution, please.
Cory Duckworth
Resolution 05-23-17-02
Resolution Taking Official Action Toward and Approving the Straight Lease for GPatti Enterprises, LLC.
Brad Walters
Second
Kim Peterson
If there is no discussion, I will take a roll call vote.
Hans Auer – Aye, David Bryant – Aye, Brad Walters – Aye, Cory Duckworth – Aye, and Kim Peterson – Aye.
The Resolution is passed. David, Resolution C, please.
David Bryant
Resolution 05-23-17-03
Resolution Authorizing an AL Tech Loan for Pier, LLC.
Cory Duckworth
Second.
Kevin Sanvidge
A brief history of this project was given. An agreement has finally been reached with the City of Dunkirk, the Burgess Family, the State DEC, and Charles Pringle (Pier LLC).
The Loan Review committee met and approved a loan for $260,000 for 15 years at 4%.
Kim Peterson
Everyone received the Loan Review Minutes.
Is there any further discussion, hearing none, I will take a roll call vote.
Hans Auer – Aye, David Bryant – Aye, Brad Walters – Aye, Cory Duckworth – Aye, and Kim Peterson – Aye.
The Resolution is passed. I would now like to go out of order and go in to Executive Session.
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 the potential acquisition and lease of real property by the agency.
David Bryant
I so move.
Cory Duckworth
Second.
Kim Peterson
All those in favor.
Board
Ayes all around. We are now in Executive Session.
Executive Session begins at 10:14 a.m.
Executive Session ends at 10:30 a.m.
Kim Peterson
We are now back in Regular Session. Moving on to new Business:
Discuss Buffalo to Jamestown Excursion Train.
Kevin Sanvidge
The Executive Committee, and ultimately the CCIDA Board met, and we discussed the Buffalo to Jamestown Excursion Train. We agreed to spend $5,000 on this feasibility study for the excursion train.
Vince DeJoy
Thank you Mr. Chairman. Thank you for participating in part of the funding. We still have a bit of a gap, but we’re getting closer.
Kim Peterson
Rich the Treasurer’s Report.
Rich Dixon
You have before you the Balance Sheet. As you can see, CREDC was a little short on cash through the month of April. With the sale of Harrison Street, we made a deposit of $100,000. CREDC’s major role, now that the building is sold, will be to administer some grant loans that we have. The entire budget will be revised in July now that the building is sold.
An overview of Revenue & Expense report was given.
Kim Peterson
Are there any questions? If not, may I have a motion to accept the Treasurer’s Report?
Brad Walters
So moved.
David Bryant
Second.
Kim Peterson
Are there any questions? Hearing none, I will take a vote. All in favor?
Ayes all around. The treasurer’s report is accepted.
Kim Peterson
Is there anything more to come before the Board?
Rich Dixon
An update on Industrial Park site availability was given. They are all listed on State Books.
Carol, Lawrie, and Kristine propose these sites to Invest Buffalo Niagara projects.
Kim Peterson
Is there anything more to come before the Board? If not, may I have a motion to adjourn?
David Bryant
So moved.
Brad Walters
Second.
Kim Peterson
All those in favor – Ayes all around.
This meeting is adjourned. Meeting adjourned at 10:43 a.m.
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(Assistant) Secretary (Vice) Chairman