Minutes from November 8, 2010

Minutes of the Meeting of the Cortland County IDA

Chairman Michael McMahon called a meeting of the Cortland County Industrial Development Agency to order at 12:21 p.m. on Monday, November 8, 2010 at 37 Church Street, Conference Room, Cortland, NY.

 

ROLL CALL AND CALL TO ORDER

The following members were present:

  • Johanna Ames
  • William Breidinger
  • Stephen Compagni
  • Michael McMahon
  • John Reagan
  • John Shirley
  • Edward Telling

     

The following staff were present:

  • Garry VanGorder, Executive Director
  • Karen Niday, Empire Zone Coordinator
  • Sandy Griep, Office Manager
  • John Sidd, Counsel

The following guest/media were present:

  • Eric Mulvahill, WXHC
  • Bob Haight, Chamber of Commerce
  • Jeremy Houghtaling, Cortland Standard

APPROVAL OF THE MINUTES

On a motion made by Michael McMahon and seconded by Johanna Ames the minutes of the October meeting were approved as presented.  All were in favor, none opposed, motion carried.

CORRESPONDENCE

Correspondence was briefly reviewed as enclosed in board books.

NEW BUSINESS

Final Inducement, Peak Resorts PILOT

RESOLUTION AUTHORIZING EXECUTION OF DOCUMENTS IN CONNECTION WITH A LEASE/LEASEBACK TRANSACTION FOR A COMMERCIAL PROJECT FOR PEAK RESORTS, INC. AND REDI, LLC (collectively, the “COMPANY”).

This resolution was offered by Michael McMahon, seconded by Stephen Compagni

Roll Call:        Michael McMahon – Yes                        Stephen Compagni – Yes
                        John Shirley – Yes                                   John Reagan – Yes
                        Edward Telling – Yes                               William Briedinger – Yes
                        Johanna Ames – Yes

Resolution passed.

Approval of IDA Bylaws – required by the Public Authority .

A motion was made by Michael McMahon and seconded by Edward Telling to approve the IDA Bylaws as presented.  All were in favor, none opposed.  Motion carried.

REPORTS

  1. Financial Reports were reviewed as enclosed in the board books. 
  2. Executive Directors Report – reviewed as enclosed in the board books. Garry reported that work is wrapping up at the FLE Business Park for the season.  Final paving will be done in the spring.  He also reported that he is still working with National Grid on the underground utilities.
  3. New LDCwas approved by the County Legislature for the purpose of bonding.
  4. IDA Fees – New York State did forward another bill for IDA fees. We will hold off on paying until we know for sure that the NYS Legislature will uphold their previous decision to rescind the fees.

ADJOURN

On a motion made by Michael McMahon and seconded by Johanna Ames the Agency adjourned its meeting at 12:40 p.m.

Respectively submitted

Secretary
John Shirley