GENESEE VALLEY REGIONAL MARKET AUTHORITY

BOARD OF DIRECTORS MEETING

APRIL 4, 2011

10:30AM

           2. Members present:  J. Bourgoine, E. Hansen, D. Kingston, D. Martin, J. Meyer, J. Moore, D. Piedimonte, R. Sage, R. Schilling, G. Watkins, Matt Morgan representing  Commissioner Aubertine

                        Others present:  R. Daitz, CPA, B. Mulligan, Jr.

           3. Minutes of the December 1, 2010 meeting were approved. Moved by R. Schilling, seconded by J. Meyer. Passed unanimously.

           4. Reports of officers, committees and staff:

·        Audit report – Checks # 4874 to Check # 5130 totaling

      $1,398,451.45 were approved. Moved by R. Sage, seconded

      by G.Watkins. Passed unanimously.

·          Personnel report – Moved by D. Kingston, seconded by J.

                        Meyer. Passed unanimously.

·          2011 – 2012 Cash Budget – budget approved excluding CIP -

                        subcommittee set up with J. Moore, D. Piedimonte, D. Martin &

                        member of the Dept. of Agriculture. Amended budget moved by

                        J. Moore, seconded by R. Schilling. Passed unanimously.

·          Administrator’s Report – B. Mulligan, Jr.

            5.  Unfinished Business

·          Purchase of APX building & 2 acres for $660,000 on hold

·          Harris property on hold

·          Sticky Lips should open May 15, 2011

·          Authorized signature cards for trust account at Canandaigua

       National Bank. Moved by E. Hansen, seconded by G. Watkins.

       Passed unanimously.

              6. New Business

·          $1.8 million in fund balance – sub committee to review CIP

        program for 2011-2012 for the purpose of supporting regional

        market facilities and agriculture

·          Awarded bid for 4 way signal light at Clay Rd./Mushroom Blvd.

        to Caccamise Electric for $159,190. Moved by J. Meyer,

        seconded by R.Sage. Passed unanimously.

·          Awarded contract to upgrade electric -  replace 3 transformers to

       RG&E for $13,000. Moved by R. Schilling, seconded by

       J.Moore. Passed unanimously.

·          Approved assignment of leasehold interest from Lehigh Gas

       Corp. to Sunoco, Inc. Moved by J. Moore, seconded by D.

       Kingston. Passed unanimously.

·          Approved JPMorgan Chase Bank (2) additional 5 year renewal

       options which will extend their lease to 10/31/2031 – rent capped

       at 10% or CPI whichever is lower. Moved by E. Hansen,

       seconded by R. Schilling. Passed unanimously.

·          Approved Lewis Norry’s request to extend his land leases by (1)

                        additional 5 year option which will extend his leases at 85, 100,

                        105 Mushroom Blvd. to 12/31/40 (rent cap of 10% or CPI

                        whichever is lower). Moved by J. Moore, seconded by J.

                        Bourgoine. Passed unanimously.

·          Approved Ms. Lo & Mr. Liou of King & I request to extend

       their land leases by (1) additional 5 year option which will extend

       their lease at 1475 E. Henrietta Rd.to 3/31/40 and their lease at