BOARD OF DIRECTORS MEETING
Chautauqua County Capital Resource Corporation
CRC
Via Zoom
October 1, 2021
11:42 a.m.
Michael Metzger Chairman
Hans Auer Treasurer
Jay Churchill Member
Dennis Rak Vice Chairman
Gary Henry Member
Steven Thorpe Member
Kelly Farrell-DuBois Member
Also in attendance:
Mark Geise Administrative Director/CEO
Richard E. Dixon Chief Financial Officer
Milan K. Tyler, Esq. Counsel
Greg Peterson Counsel
Chris Canada Counsel
Pierre Chagnon Legislature
Carol Rasmussen CCIDA Staff
Kristine Morabito CCIDA Staff
Jeanette Lo Bello CCIDA Staff
Rosie Strandburg CCIDA Staff
Nate Aldrich CREDC Staff
Monica Simpson CREDC Staff
Absent Board Member(s):
Brad Walters
Meeting was called to order by Michael Metzger, Chairman, at 11:42 a.m.
Mike Metzger
I would like to call to order the Chautauqua County Capital Resource Corporation Board of Directors Meeting. We are on Zoom. It is October 1, 2021 and the time is 11:42 a.m. Roll call. Let the record show we have 7 members in attendance. We have quorum. I would like to entertain an approval of the March 23, 2021 minutes, which you previously received. Do I have a motion?
Steven Thorpe
So moved.
Michael Metzger
Thank you. Do I have a second?
Jay Churchill
Second.
Michael Metzger
Motion made Steven and seconded by Jay. Any changes or comments? Hearing none. All those in favor?
Board
Aye – Unanimous.
Michael Metzger
We have new business.
Rich Dixon
We have received two applications. Once from Jamestown Center City Development Corporation, also known as the Ice Arena. The bond is currently backed by the Gebbie Foundation. The second application is from the National Comedy Center, which is a refinancing of a bank debt of around $5 million. The Jamestown Center City is a refunding of a $25 million existing bond. These bonds will be issued through CRC. Introduced Chris Canada with Hodgson Russ and Milan Tyler with Phillips Lytle and representing the applicant. These are both being fast tracked as they want to close by the end of October.
Chris Canada
Provided overview and purpose of the resolutions being presented to the board. Approving public hearing. Provided overview of subsequent resolutions that would follow, should these be approved.
Milan Tyler
Advised that there are refinancing’s of existing projects. Further detail, purpose and history on resolutions being presented to the Board. Provided reasoning for quick turn-around/fast track.
Rich Dixon
That special meeting will be October 21st.
Hans Auer
Pointed out resolutions have the same #.
Rosie Strandburg
Apologized and advised they would be corrected. Also confirmed the special meeting would be via Zoom.
Mike Metzger
Any other questions for Chris or Milan? Gary if you could please move new business A.
Gary Henry
Resolution 10-01-21-11 Public Hearing Resolution – Jamestown Center City Development Corporation Refunding Project
Mike Metzger
Motion made by Gary. Do I have a second?
Steven Thorpe
Second.
Motion made by Gary and seconded by Steven. Any further discussion? Roll call vote.
Board
Aye – Unanimous.
Mike Metzger
Let the record show there are 7 votes in the affirmative. Motion carried unanimously. Hans can you please move New Business B?
Hans Auer
Resolution 10-01-21-12 Public Hearing Resolution – National Comedy Center Inc. Refinancing Project.
Mike Metzger
Motion made by Hans. Do I have a second?
Jay Churchill
Second.
Motion made by Hans and seconded by Jay. Any further discussion? Roll call vote.
Board
Aye – Unanimous.
Michael Metzger
Let the record show there are 7 votes in the affirmative, motion carried unanimously. In there any old business to come before this Board? Hearing and seeing none. This meeting is adjourned.
Meeting adjourned at 11:53 a.m.
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(Vice) Secretary (vice) Chairman
