BOARD OF DIRECTORS MEETING
Chautauqua County Capital Resource Corporation
CRC
Via Zoom
October 21, 2021
2:34 p.m.
Hans Auer Treasurer
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
Chris Canada Bond Counsel
Carol Rasmussen CCIDA Staff
Rosie Strandburg CCIDA Staff
Absent Board Member(s):
Mike Metzger, Jay Churchill, and Brad Walters
Meeting was called to order by Dennis Rak, Vice Chairman, at 2:34 a.m.
Dennis Rak
I would like to call to order the Chautauqua County Capital Resource Corporation Board of Directors Meeting. We are on Zoom. It is October 21, 2021 and the time is 2:34 a.m. Roll call. Let the record show we have 5 members in attendance. We have quorum. I would like to entertain an approval of the October 1, 2021 minutes, which you previously received. Do I have a motion?
Steven Thorpe
So moved.
Dennis Rak
Thank you. Do I have a second?
Hans Auer
Second.
Dennis Rak
Motion made Steven and seconded by Jay. Any changes or comments? Hearing none. All those in favor?
Board
Aye – Unanimous.
Dennis Rak
Next is New Business, the Finance Committee meeting.
Rich Dixon
Introduced Chris Canada, with Phillips Lytle. Gave brief history of Bonds through IDA and how CRC was formed.
Chris Canada
Explained Finance Committee Resolutions being presented for Jamestown Center City Development Corporation and National Comedy Center and they related to bonds. Any questions?
Rich Dixon
Confirmed Finance Committee members present and confirmed resolutions need to be approved before moving on to SEQRAs and Approving resolutions. Gave brief overview of Bonds for Jamestown Center City Development Corporation and National Comedy Center – purpose and amounts.
Chris Canada
Presented resolutions to the Board for approval.
Hans Auer
Motioned for JCCDC but questioned titling on the JCCDC resolution.
Chris Canada
Explained the purpose of the resolution as it relates to the project.
Milan Tyler
Further clarified the type of resolution and titling and its purpose.
Chris Canada
Offered to fix the titling for clarity.
Kelly Farrell-DuBois
Second.
Chris Canada
Roll call Vote
Committee
Hand and Kelly in favor.
Chris Canada
Now we will do the same for the National Comedy Center.
Kelly Farrell-DuBois
Motion.
Hans Auer
Second.
Chris Canada
Roll Call vote.
Committee
Kelly and Hans in favor.
Chris Canada
We can adjourn the Finance Committee and go back to full Board.
Dennis Rak
Confirmed we only had SEQRA and Approving resolutions left for JCCDC and NCC.
Chris Canada
Explained SEQRA resolutions being presented to the Board, as well and the Approving resolutions.
Dennis Rak
Steve can you please move the next resolution.
Steven Thorpe
Resolution 10-21-21-02 JCCDC SEQRA Resolution.
Hans Auer
Second.
Dennis Rak
Motion made by Steve and seconded by Hans. Roll call vote.
Board
Aye – Unanimous.
Dennis Rak
Let the record show there are 5 votes in the affirmative. Motion has passed. Gary can you please move New Business B 3.
Gary Henry
Resolution 10-21-21-03 JCCDC Bond Resolution.
Steve Thorpe
Second.
Dennis Rak
Motion made by Gary and seconded by Steve. Roll call vote.
Board
Aye – Unanimous.
Dennis Rak
Let the record show there are 5 votes in the affirmative. Motion has passed. Hans can you please move C 2.
Hans Auer
Resolution 10-21-21-05 NCC SEQRA Resolution.
Steve Thorpe
Second.
Dennis Rak
Motion made by Hans and seconded by Steve. Roll call vote.
Board
Aye – Unanimous.
Dennis Rak
Let the record show there are 5 votes in the affirmative. Motion has passed. Steve can you please move C 3?
Steve Thorpe
Resolution 10-21-21-06 NCC Bond Resolution.
Hans Auer
Second.
Dennis Rak
Motion made by Steve and seconded by Hans. Roll call vote.
Board
Aye – Unanimous.
Dennis Rak
Let the record show there are 5 votes in the affirmative. Motion has passed. Is there any old business to come before this Board? Hearing and seeing none. This meeting is adjourned.
Meeting adjourned at 2:50 p.m.
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(Vice) Secretary (vice) Chairman
