GENESEE VALLEY REGIONAL MARKET AUTHORITY

BOARD OF DIRECTORS MEETING

March 24, 2010

10:30 AM

1. Chairman Piedimonte called the meeting to order at 10:30 AM. Chairman Piedimonte appointed J. Moore as Chairman of Nominating Committee.

1. Members Present: J. Bourgoine, E. Hansen, D. Kingston, D. Martin, J. Meyer,  J. Moore, D. Piedimonte, R. Sage, E. Warren, G Watkins, Rich Bennett representing the Commissioner

                        Others present:  R. Daitz,CPA, J. Mackey, Esq., B. Mulligan, Sr.

                                                 B. Mulligan, Jr.

1. Minutes of the December 16, 2009 meeting were approved as mailed. Moved by E. Warren, seconded by J. Meyer. Passed unanimously.

1. Reports of officers, committees and staff:

• Personnel report – J. Moore – Moved by J. Moore, seconded by R. Sage. Rich Bennett voted no. Passed.
• Audit Report – Checks # 4161 to 4356 totaling $2,405,120.16 were approved. Moved by E. Hansen, seconded by J. Bourgoine. Passed unanimously.
• Financial consultant, R. Daitz, CPA – reviewed the 2010-2011 Final Cash Budget. Budget approval moved by E. Warren, seconded by G. Watkins. Passed unanimously.
• Administrator’s report

1. Unfinished Business –

• Harris seed site – Phase 1 Environmental indicated some contamination from neighboring properties - Alan Keefe has abandoned lease.
• Completed the release forms for condemnation of Jefferson & E. Henrietta Roads – received all checks from NYS DOT & sent temporary easement checks to corresponding tenants and reduced rents to applicable tenants beginning 4/1/2010

1. New Business –

• Market agreed to help State with financial challenges. Moved  by J. Moore, seconded by E. Hansen. R. Bennett abstained. Passed.
• Awarded signal light bid @
  Jefferson Rd.
  entrance to M.L. Caccamise Electric Corporation for $133,721. Moved by J. Moore, seconded by G. Watkins. Passed unanimously.
• Awarded Phase I Environmental to Day Engineering for
  1861 Scottsville Road
  @ $1,350. Moved by E. Hansen, seconded by J. Meyer. Passed unanimously.
• Approved purchase of 
  1861 Scottsville Road
  (80 acre parcel) near the corner of Jefferson and Scottsville Roads for $197,500. Moved by D. Kingston, seconded by E. Warren. Passed unanimously.
• Awarded bid for Building # 22 to Building Innovation Group for $524,750. Should be breaking ground approximately April 12, 2010. Moved by E. Hansen, seconded by D. Martin. Passed unanimously.
• Extended Shaheen leases for Pinecrest Associates (
  137 Clay Rd.
  ) and Clay Rd. Industrial Park (
  147 Clay Rd.
  ) for four (5) year options followed by a two year option which would extend the leases from 9/30/2018 to 9/302040 and Regional Industrial Park (140, 156,
  164 Mushroom Blvd.
  ) for three (5) year options which would extend the lease from 9/30/2025 to 9/30/2040. Passed by E. Warren, seconded by J. Meyer. Passed unanimously.
• Awarded Docu Ware contract to Toshiba Business Solutions for $4936.Moved by E. Warren, seconded by J. Moore. Passed unanimously.
• Adopted Mission Statement and Performance Goals as per Authority Budget Office. Moved by J. Moore, seconded by J. Bourgoine. Passed unanimously.
• Approved healthcare payment for eligible employees. Moved by J. Moore, seconded by D. Martin. Passed unanimously.
• Discussed Authority Budget Office form on acknowledging fiduciary duties and responsibilities for Board members
• Discussed Norry offer of Market purchasing
  85,100,105 Mushroom Boulevard
  buildings – no interest
• Discussed Stanton Optical proposal for Harris site – Enviromental concerns – no interest
• Discussed Doug Edmond proposal to purchase land on Wayland Exit 3, 390 Interchange – no interest

Meeting adjourned at 12:10 PM

Next meeting date:  May 12, 2010 @ 4:30 PM

Nominating committee:  Chairman J. Moore, J. Bourgoine, D. Kingston & G. Watkins

Respectfully submitted,

William J. Mulligan, Jr.

4/1/2010