Hornell IDA Adopts 2020 Budget – Renews Hogan’s Consulting Contract

           Hornell IDA Board of Directors

October 3rd, 2019

HORNELL, NY – The Hornell Industrial Development Agency met Thursday afternoon and adopted a budget for the 2020 fiscal year. The new budget of $604,843 is only a slight increase of $58,295 over the 2019 budget which was $546,548.

Also the IDA board renewed Shawn Hogan’s contract as a consultant for 2 more years. Hogan took the position immediately after stepping down as Hornell’s Mayor and has a salary of $5000 a month.

Hogan has also been busy putting a presentation together highlighting opportunity zones in the Hornell area. According to Hogan, 2/3 of the property within the city has been designated an opportunity zone by the state and can be marketed to investors.

The IDA recently had Hogan do an audit on the properties which the IDA owns in the city. According to Hogan, the IDA currently owns 47 properties within the city, most of which are small parcels of land that the IDA wishes to sell or combine them with lots they already own.

The board also granted Rockland Silk Mill Apartments an extension because of a pending environmental study that needs to be done.

And finally, Director Jim Griffin announced that the IDA meetings starting Jan 1st will now be live streamed on Facebook, then put up on the IDA’s website, and then stored for future viewing for 5 years. This was recently mandated by the state for all IDA’s. Also video conferencing equipment may be added to their conference room to have better contact with other IDA’s and similar agencies. Griffin said that Bob Peisher of Peish Sports will be handling those duties.