Town of Massena Business Development Corporation

BUSINESS DEVELOPMENT CORPORATION FOR A GREATER MASSENA BOARD OF DIRECTORS MEETING MINUTES August 18, 2016 Board Members: Larry Ralston, President Chris Herrick Ron Bacon Dave LaClair Jeff Dobbins Paul Rufa Excused: Dan Pease Staff: Tom Sullivan, Executive Director Linda Williams, Secretary Public: Steve O’Shaughnessy, Town of Massena Call to Order BDC President, Larry Ralston, called the meeting to order at 4:30 pm. Minutes of the July Regular Meeting A motion was made by Chris Herrick to approve the minutes of the July 2016 Regular Meeting; that motion was seconded by Paul Rufa and passed with all members present voting ‘Aye’. Financial Report for July 2016 There was discussion about increasing the total dollar amount of the Rail Spur based on the in-kind work that has been done by Curran Renewables and whether the Industrial Park Infrastructure needs to be modified. A motion was made by Dave LaClair to approve the July 2016 Financial Reports; that motion was seconded by Jeff Dobbins and passed with all members present voting ‘Aye’. Comparative Budget for July 2016 The budget was reviewed; no modification is necessary this month. Operations Committee Tom: There was no meeting this month. Infrastructure Committee Tom: The Committee met on the 17th to discuss the Massena Core of the Community funding and how the BDC will administer it. Marketing Committee Tom: The Committee did not meet this month. Alcoa Update Tom: They continue to separate the facilities at the plant. Core of the Community Tom: This group met on July 27 and will continue their discussions about how to manage the funds in a later meeting. The program on having first floor commercial and second floor residential components, as well as façade, interior build-out, signage and rent subsidy components. We will have to formulate an application process and there will be need to follow all local and state laws and regulations. We will also need to define the perimeters of the participation area. Larry: The mayor would like our recommendations by November 1; I would like us to try to get it pretty well done by October 1. Grasse River Blueway Corridor Tom: This group met on July 20 and will meet on August 29 in Russell. Industrial Park/Rail Spur Tom: The New York Power Authority invoicing procedure is now in place and we expect payment for the initial use of the Rail Spur soon. There still needs to be some good communication set up between the NYPA and CSX as to scheduling. Mayor’s Leadership Council Tom: There was no meeting Moving Massena Forward Community Coalition Tom: This group met on July 26 and August 10, discussed tourism and recreation. North Country Alliance Tom: I was unable to call into this meeting. North Country Regional Economic Development Council Tom: Nothing to report this month North Country Re-Development Task Force Tom: There was a BOA Conference call RACER/General Motors Site Tom: Nothing new to report here; it is still on-target to be completed next year. Restore New York Grant Tom: Nothing new to report this month. River Valley Re-Development Agency Tom: There will be a meeting next week in Louisville. August 18, 2016 Minutes - BDC Board Meeting Pg 2 of 3  Yesterday the IDA accepted an application from St. Lawrence Soyway for a $10M bonding to finance the project. Start-Up New York Tom: Nothing to report, and I don’t think we’ll hear much about this in the future. Theatre Tom: Nothing new to report. Staff Report Tom: I think that all I have to report has been covered. New and Other Business Nothing to report Liaison Reports Steve: The old Museum building is for sale, the opening of the Museum at its new location has not bee determined. Questions from the Press No representative at this meeting Move to Executive Session A motion was made by Dave LaClair to move to Executive Session at 5:05 pm, that motion was seconded by Chris Herrick and passed with all members present voting ‘Aye’. Return to Regular Session A motion was made by Chris Herrick to return to the Regular Session at 5:30 pm, that motion was seconded by Paul Rufa and passed with all members present voting ‘Aye’. Adjournment A motion was made by Chris Herrick to adjourn at 5:40 pm, that motion was seconded by Dave LaClair and passed with all members present voting ‘Aye’. The next meeting of the Board of Directors of the Massena Business Development Corporation will be held on Thursday, Sept 15 at 4:30 pm, in Room 30 of the Town Hall. Respectfully submitted, Linda Williams, Secretary August 18, 2016 Minutes - BDC Board Meeting Pg 3 of 3