BOARD OF DIRECTORS MEETING
County of Chautauqua Industrial Development Agency
CCIDA
200 Harrison Street, Jamestown, NY
January 15, 2013
10:00 a.m.
Michael Metzger Chairman
Greg DeCinque Treasurer
David Bryant Member
Doreen Sixbey Member
Fred Croscut Member
Hans Auer Member
Also in attendance:
William Daly Administrative Director/CEO
Rich Dixon CCIDA Chief Financial Officer
Jonathan Taber Counsel
Greg Peterson Counsel
Carol Rasmussen CCIDA Staff
Lawrie Taylor CCIDA Staff
Susan Casel CCIDA Staff
Kristine Morabito CCIDA Staff
Rachelle McFeely Rae Enterprises, Inc.
Beverly Braley Rae Enterprises, Inc.
Aaron Resnick Westfield Development Corporation
Dave Pianta Appletree & Kern, P. C.
Tim Roberts Eire Bank
Liz Skoczylas The Post-Journal
Absent Board Member(s): Kim Peterson and Dennis Rak
Meeting was called to order by Michael Metzger, Chairman, at 10:03 a.m.
Michael Metzger
I will now call the County of Chautauqua Industrial Development Agency (CCIDA) Board of Director’s meeting to order. Today is January 15, 2013 (10:03 a.m.) This meeting is being held at CCIDA, 200 Harrison Street, Jamestown, NY.
I will now have roll call.
Fred Croscut – Here, David Bryant – Here, Doreen Sixbey – Here, Hans Auer – Here, Greg DeCinque – Here, and Mike Metzger – Here. We have a quorum and will begin the meeting.
We are now in regular session.
Kristine Morabito
Kristine introduced the representatives for the Rae Enterprise project.
Aaron Resnick
Aaron stressed his support for the project.
Rachelle McFeely & Beverly Braley
An overview of their project was given.
Rich Dixon
Requested that we move on to Resolution 01-15-13-08 while a matter was being discussed among Counsel (off the record.)
Michael Metzger
Greg, Resolution H please.
Greg DeCinque
Resolution 01-15-13-08. Resolution Authorizing the sale of vacant property in Stoneman Park, Town of Busti, to Robert & Michelle Lucas.
Doreen Sixbey
Second.
Rich Dixon
Briefly discussed the resolution.
Michael Metzger
If there is no further discussion, I will take a roll call vote.
David Bryant – Aye, Fred Croscut – Aye, Doreen Sixbey – Aye, Greg DeCinque – Aye, Hans Auer – Aye, and Mike Metzger – Aye. Let the record show there were six votes in the affirmative.
The resolution is passed. Doreen, the next Resolution.
Greg Peterson
An amended Resolution will be presented noting that there are two borrowers. That would be Rae Enterprises, Inc., and Realistic Holding, LLC, which is going to be formed.
Doreen Sixbey
Resolution 01-15-13-06
Resolution authorizing AL Tech Revolving Loan Fund loans for Rae Enterprises, Inc. totaling $640,000.00 with amendments stated by Greg Peterson.
Fred Croscut
Second
David Bryant
Resolution 01-15-13-07
Preliminary Resolution for a Straight Lease Transaction for Beverly Braley and Rachel McFeely or an entity to be formed.
Fred Croscut
Second
General discussion among Board.
Michael Metzger
If there is no further discussion, I will take a roll call vote.
David Bryant – Aye, Fred Croscut – Aye, Doreen Sixbey – Aye, Greg DeCinque – Aye, Hans Auer – Aye, and Mike Metzger – Aye. Let the record show there were six votes in the affirmative.
The resolution is passed. Fred, the next Resolution.
Fred Croscut
Resolution 01-15-13-01
Resolution Authorizing Collateral Change for Jamestown MVP Loans.
Greg DeCinque
Second
Rich Dixon
Reviewed the change in collateral.
Michael Metzger
If there is no further discussion, I will take a roll call vote.
David Bryant – Aye, Fred Croscut – Aye, Doreen Sixbey – Aye, Greg DeCinque – Aye, Hans Auer – Aye, and Mike Metzger – Aye. Let the record show there were six votes in the affirmative.
The resolution is passed.
Before we move on – we need to approve the minutes from December 18, 2012.
Fred Croscut
So moved.
Greg DeCinque
Second.
Michael Metzger
All in favor indicate by saying Aye.
Board Members
Aye
Michael Metzger
The minutes are passed.
Doreen, the next Resolution.
Doreen Sixbey
Resolution 01-15-13-02
Whereas, CCIDA adopted a Resolution on October 30, 2012, as amended authorizing a $75,000.00 loan to Jamestown MVP.
Fred Croscut
Second
Rich Dixon
Discussed the resolution.
Michael Metzger
If there is no further discussion, I will take a roll call vote.
David Bryant – Aye, Fred Croscut – Aye, Doreen Sixbey – Aye, Greg DeCinque – Aye, Hans Auer – Aye, and Mike Metzger – Aye. Let the record show there were six votes in the affirmative.
The resolution is passed. Greg DeCinque, the next Resolution.
Greg DeCinque
Resolution 01-15-13-03
Resolution taking Preliminary Action toward the acquisition and straight leasing of a certain project for S. Howes, Inc., and authorizing the execution and delivery of a preliminary agreement with the applicant with respect to such transaction.
Hans Auer
Second
Kristine Morabito
A brief overview of the project was given.
Michael Metzger
If there is no further discussion, I will take a roll call vote.
David Bryant – Aye, Fred Croscut – Aye, Doreen Sixbey – Abstain, Greg DeCinque – Aye, Hans Auer – Aye, and Mike Metzger – Aye. Let the record show there were five votes in the affirmative – one abstainsion.
The resolution is passed. Doreen, the next Resolution.
Doreen Sixbey
Resolution 01-15-13-04
Whereas, the County of Chautauqua Industrial Development Agency has been presented with an AL Tech Loan request in the amount of $400,000.00 from Artone LLC to assist in a real-estate purchase at 1089 Allen Street, Jamestown, NY, (Bush Building #3).
David Bryant.
Second
Carol Rasmussen
Briefly discussed the resolution.
Michael Metzger
If there is no further discussion, I will take a roll call vote.
David Bryant – Aye, Fred Croscut – Aye, Doreen Sixbey – Aye, Greg DeCinque – Aye, Hans Auer – Aye, and Mike Metzger – Aye. Let the record show there were six votes in the affirmative.
The resolution is passed. Fred, the next Resolution.
Fred Croscut
Resolution 01-15-13-05
Preliminary Resolution for a Straight Lease Transaction for French Creek Properties, LLC.
Doreen Sixbey
Second
Rich Dixon
Gave an overview of the resolution.
Michael Metzger
If there is no further discussion, I will take a roll call vote.
David Bryant – Aye, Fred Croscut – Aye, Doreen Sixbey – Aye, Greg DeCinque – Aye, Hans Auer – Aye, and Mike Metzger – Aye. Let the record show there were six votes in the affirmative.
The resolution is passed. Rich, the Treasurer’s Report.
Rich Dixon
A review of the Treasurer’s Report was given.
Michael Metzger
If there are no questions, may I have a motion to accept the Treasurer’s Report?
Greg DeCinque
I so move.
Doreen Sixbey
Second.
Michael Metzger
All in favor.
Ayes all around.
The Treasurer’s Report is accepted.
I would now like to move for a motion to conduct an executive session to discuss the financial and credit history of certain companies.
Greg DeCinque
I so move.
Doreen Sixbey
I second.
Michael Metzger
All those in favor.
Board
Ayes all around.
We are now in Executive Session.
Executive Session begins at 11:19 a.m.
Executive Session ends at 11:25 a.m.
We are now back in Regular Session.
Michael Metzger
Is there any Old Business to come before the Board?
If there is nothing else, may I have a motion to adjourn?
Doreen Sixbey
So moved
Hans Auer
Second
Michael Metzger
All in favor indicate by saying Aye.
Board Members
Aye
Michael Metzger
This meeting is adjourned. Meeting adjourned at 11:43 a.m.
