SPECIAL BOARD OF DIRECTORS MEETING
County of Chautauqua Industrial Development Agency
201 West Third Street, Jamestown, NY 14701
March 19, 2020
Michael Metzger Chairman – Via Conference Call
Dennis J. Rak Vice Chairman – In Person
Gary Henry Secretary – Via Conference Call
Steven Thorpe Member – Via Conference Call
Mark Odell Member – Via Conference Call
Brad Walters Member – Via Conference Call
Hans Auer Member – Via Conference Call
Jay Churchill Member – Via Conference Call
Kelly Farrell-DuBois Member – Via Conference Call
Also in attendance:
Mark Geise Administrative Director/CEO – In Person
Richard E. Dixon Chief Financial Officer – In Person
Milan K. Tyler, Esq. Counsel – Via Conference Call
Greg Peterson Counsel – In Person
Michael Borrello Counsel – Via Conference
Carol Rasmussen IDA Staff – In Person
Kristine Morabito IDA Staff – Via Conference
Linda Burns IDA Staff – In Person
Kayla Strandburg IDA Staff – Via Conference
Rosie Strandburg IDA Staff – In Person
Jeanette Lo Bello IDA Staff – In Person
Nathan Aldrich CREDC/PEG Staff – Via Conference
Dave DiTanna BWB Auditor – Via Conference
Absent Board Member(s):
Meeting was called to order by Dennis Rak, Vice Chairman, at 11:30 a.m.
I would like to call to order a Special Board of Directors Meeting for the IDA. We are at the BWB Building, 201 West Third Street, Jamestown, NY. It is March 19, 2020 and the time is 11:30 a.m. Roll call. Let the record show we have 9 members in attendance. We have quorum. I would like to entertain an approval of the February 25, 2020 minutes, which you previously received. Do I have a motion?
Motion made by Brad and seconded by Kelly. All in favor say aye.
Welcomed new Board member, Jay Churchill
Thanked everyone and expressed his excitement to join.
Discussed open meetings law during COVID-19 crisis.
Discuss recent Executive Order applicable until April 11th.
Milan can you discuss the 3 resolutions we are reviewing for Arktura?
Explained each resolution to be reviewed. Deviation Resolution, SEQRA Resolution and Final Resolution.
Confirmed no one attended or commented at recent Public Hearing. Reviewed details of Deviation Resolution.
How will they be paying each year?
It is reducing by $35,000 a year. There taxes would have been around $150,000.
That number is $107,523 per year.
We spoke to the taxing jurisdictions and they were in favor of it.
Are there any questions or discussions for these resolutions? Hans can you read the first resolution?
Resolution 03-19-20-01 Arktura, LLC Tax Deviation Resolution. – * Hans additional motioned Resolution 03-19-20-02 and Resolution 03-19-20-03. Mike Metzger seconded all 3 resolutions and Board unanimously approved all 3, via roll call votes.
Next action is the Executive Directors updates
We are complying with Executive order to reduce the number of people in the office and to work from remotely. We are in the process of creating a one-stop for business to get the information they need as it pertains to the COVID-19 crisis. We had a conference call with Chamber and SBDC and we are coordinating efforts.
We will now move to the Treasurers Report
Reviewed 2019 Audit Report done by BWB.
I am going to make a request for a motion to approve the Audit.
I move we approve the 2019 Audit as presented.
Roll call vote.
We have 9 votes in the affirmative, the resolution has passed. I will now ask Hans to motion for us to enter into Executive Session to review personal and confidential information as it pertains to company financials.
Executive Session Begins
Executive Sessions Ends
No official action was taken during Executive Session. We will now move on the New Business Continued. Hans can you please read that for us please.
03-19-20-04 Al Tech Loan Fund Modification Resolution.
Motion made by Hans and seconded by Mike.
Read and explained the resolution being presented.
Any further discussion or questions about this resolution.
We are trying to do all we can to help local businesses.
Roll call vote.
We have 9 votes in the affirmative, resolution passes. Is there any old business to come before the Board? Hearing none, I will request a motion to adjourn.
All those in favor say aye.
We are adjourned.
Meeting adjourned at 12:09 a.m.
(Assistant) Secretary (Vice) Chairman