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Onondaga County Industrial Development Agency Finance Committee Meeting Minutes October 6, 2022 A Finance Committee meeting of the Onondaga County Industrial Development Agency was held on Thursday, October 6, 2022 at the 333 West Washington Street, Syracuse, New York in the large conference room on the first floor.
Victor Ianno called the meeting to order at 8:04 am with the following:
PRESENT:
Victor anno Patrick Hogan Steve Morgan
ABSENT:
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nate Stevens, Treasurer Nancy Lowery, Secretary Karen Doster, Recording Secretary Alexis Rodriguez, Assistant Treasurer Janice Herzog, Board Member Susan Stanezyk, Board Member Kevin Ryan, Board Member Fanny Villarreal, Board Member Jeff Davis, Barclay Damon Law Firm Brian Gerling, Barclay Damon Law Firm Matthew Pelligra, Office of Economic Development Parminder Banga, Cryomech, Inc.
Rich Dausman, Cryomech, Inc.
Jessica Kolodzie, Cyromech, Inc.
Vince Raymond, VIP Structures Sarah Stevens, SS Funding Sources Suhail Partawi, Hinsdale Road Bruce Armistead, Hinsdale Road Anthony D’Elia, Hinsdale Road Chad Hill, Hinsdale Road Mike Lisson, Grossman St. Amour PLLC Brianah Lane, Grossman St. Amour PLLC APPROVAL OF FINANCE COMMITTEE MEETING MINUTES — AUGUST 18, 2022 Upon a motion by Patrick Hogan, seconded by Steve Morgan, the OCIDA Finance Committee approved the Finance Committee meeting minutes of August 18, 2022. Motion was carried. Onondaga County Industrial Development Agency Finance Committee Meeting Minutes October 6, 2022 A Finance Committee meeting of the Onondaga County Industrial Development Agency was held on Thursday, October 6, 2022 at the 333 West Washington Street, Syracuse, New York in the large conference room on the first floor.
Victor Ianno called the meeting to order at 8:04 am with the following:
PRESENT:
Victor anno Patrick Hogan Steve Morgan
ABSENT:
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nate Stevens, Treasurer Nancy Lowery, Secretary Karen Doster, Recording Secretary Alexis Rodriguez, Assistant Treasurer Janice Herzog, Board Member Susan Stanezyk, Board Member Kevin Ryan, Board Member Fanny Villarreal, Board Member Jeff Davis, Barclay Damon Law Firm Brian Gerling, Barclay Damon Law Firm Matthew Pelligra, Office of Economic Development Parminder Banga, Cryomech, Inc.
Rich Dausman, Cryomech, Inc.
Jessica Kolodzie, Cyromech, Inc.
Vince Raymond, VIP Structures Sarah Stevens, SS Funding Sources Suhail Partawi, Hinsdale Road Bruce Armistead, Hinsdale Road Anthony D’Elia, Hinsdale Road Chad Hill, Hinsdale Road Mike Lisson, Grossman St. Amour PLLC Brianah Lane, Grossman St. Amour PLLC APPROVAL OF FINANCE COMMITTEE MEETING MINUTES — AUGUST 18, 2022 Upon a motion by Patrick Hogan, seconded by Steve Morgan, the OCIDA Finance Committee approved the Finance Committee meeting minutes of August 18, 2022. Motion was carried.
Nancy Lowery stated the committee completed their evaluation and after approval it will be forwarded to the Governance Committee.
Upon a motion by Steve Morgan, seconded by Patrick Hogan, the OCIDA Finance Committee approved a resolution to transmit the summary evaluation without comment to the Governance Committee for review and recommendation to the Board. Motion was carried.
Nancy Lowery stated the committee completed their evaluation and after approval it will be forwarded to the Governance Committee.
Upon a motion by Steve Morgan, seconded by Patrick Hogan, the OCIDA Finance Committee approved a resolution to transmit the summary evaluation without comment to the Governance Committee for review and recommendation to the Board. Motion was carried.
Nancy Lowery stated there are no changes to the Charter.
Upon a motion by Steve Morgan, seconded by Patrick Hogan, the OCIDA Finance Committee approved a resolution to transmit the Committee Charter without comment to the 4 Governance Committee for review and recommendation to the Board. Motion was carried.
Nancy Lowery stated there are no changes to the Charter.
Upon a motion by Steve Morgan, seconded by Patrick Hogan, the OCIDA Finance Committee approved a resolution to transmit the Committee Charter without comment to the 4 Governance Committee for review and recommendation to the Board. Motion was carried.
Upon a motion by Patrick Hogan, seconded by Steve Morgan, the OCIDA Finance Committee approved a resolution to transmit the Committee Annual Report without comment to the Governance Committee for review and recommendation to the Board. Motion was carried.
Upon a motion by Patrick Hogan, seconded by Steve Morgan, the OCIDA Finance Committee approved a resolution to transmit the Committee Annual Report without comment to the Governance Committee for review and recommendation to the Board. Motion was carried.
Nate Stevens stated this is very similar to to what was shown to the Board back in August. He stated staff is listing the pass through PILOT payment and income on the budget. Steve Morgan asked under revenue what is the subsidiaries and grant donations for $500,000. Nate Steven stated we were able to secure grant funding for some of the Agency’s key strategic projects. He stated he is not sure that will be available next year and that is why it is zero for 2023. Upon a motion by Patrick Hogan, seconded by Steve Morgan, the OCIDA Finance Committee approved a resolution to transmit the 2023 Agency Budget to the full Board for adoption. Motion was carried.
Upon a motion by Patrick Hogan, seconded by Steve Morgan, the OCIDA Board adjourned the meeting at 8:10 am. Motion was carried.
Nave ay Nancy Lowery, Sécretary
Nate Stevens stated this is very similar to to what was shown to the Board back in August. He stated staff is listing the pass through PILOT payment and income on the budget. Steve Morgan asked under revenue what is the subsidiaries and grant donations for $500,000. Nate Steven stated we were able to secure grant funding for some of the Agency’s key strategic projects. He stated he is not sure that will be available next year and that is why it is zero for 2023. Upon a motion by Patrick Hogan, seconded by Steve Morgan, the OCIDA Finance Committee approved a resolution to transmit the 2023 Agency Budget to the full Board for adoption. Motion was carried.
Upon a motion by Patrick Hogan, seconded by Steve Morgan, the OCIDA Board adjourned the meeting at 8:10 am. Motion was carried.
Nave ay Nancy Lowery, Sécretary