The URL can be used to link to this page

Home My WebLink AboutMN-IURAGOV-2010-09-17Ithaca Urban Renewal Agency Approved 11/19/2010 City 108 East Green Street Ithaca, New York 14850 (607) 274-6559 559 MINUTES MINUTES Governance Committee Governance Committee 3rd Floor Conference Room, City Hall 3rd Floor Conference Room, City Hall September 17, 2010 September 17, 2010 Present: Susan Cummings, Kathy Schlather, David Whitmore Present: Susan Cummings, Kathy Schlather, David Whitmore Excused: Carolyn Peterson Excused: Carolyn Peterson Staff: Nels Bohn, JoAnn Cornish, Sue Kittel (8:50 a.m.), Alice Vargo Staff: Nels Bohn, JoAnn Cornish, Sue Kittel (8:50 a.m.), Alice Vargo I. Call to Order I. Call to Order The meeting was called to order at 8:40 a.m. by chairperson Cummings. The meeting was called to order at 8:40 a.m. by chairperson Cummings. II. Additions to or deletions from the agenda ‐ None II. Additions to or deletions from the agenda ‐ None III. Public comment ‐ None III. Public comment ‐ None IV. Approval of meeting minutes: June 18, 2010 IV. Approval of meeting minutes: June 18, 2010 Whitmore moved, seconded by Schlather, to approve the minutes of June 18, 2010 as corrected. Carried Unanimously. Whitmore moved, seconded by Schlather, to approve the minutes of June 18, 2010 as corrected. Carried Unanimously. V. New Business V. New Business A. IURA 2011 Budget A. IURA 2011 Budget Cummings moved, seconded by Whitmore, to go into executive session to discuss a matter involving the employment history of a particular person. Carried Unanimously. The committee moved into executive session at 9:25 am. At 9:45 am, Whitmore moved, seconded by Cummings, to come out of executive session. Carried Unanimously. Cummings reported no action was taken in executive session. Cummings moved, seconded by Whitmore, to go into executive session to discuss a matter involving the employment history of a particular person. Carried Unanimously. The committee moved into executive session at 9:25 am. At 9:45 am, Whitmore moved, seconded by Cummings, to come out of executive session. Carried Unanimously. Cummings reported no action was taken in executive session. Bohn reviewed the proposed 2011 IURA budget and noted that it includes a 1% salary increase, a maximum 12% employee contribution to health insurance costs and a 2% increase in retirement benefits for employees. Overall, the proposed budget increases 7%, but includes an additional part‐time contracts monitor position, said Bohn. Bohn reported that costs associated with the additional contracts monitor position is offset by $40,000 in increased revenues made available through the City for joint City/IURA projects. Bohn reviewed the proposed 2011 IURA budget and noted that it includes a 1% salary increase, a maximum 12% employee contribution to health insurance costs and a 2% increase in retirement benefits for employees. Overall, the proposed budget increases 7%, but includes an additional part‐time contracts monitor position, said Bohn. Bohn reported that costs associated with the additional contracts monitor position is offset by $40,000 in increased revenues made available through the City for joint City/IURA projects. Schlather moved, seconded by Whitmore, the following: Schlather moved, seconded by Whitmore, the following: FY 2011 IURA Administrative Budget FY 2011 IURA Administrative Budget WHEREAS, the IURA desires to annually adopt an administrative budget to guide expenditures and manage financial resources of the IURA, and WHEREAS, the IURA desires to annually adopt an administrative budget to guide expenditures and manage financial resources of the IURA, and IURA Governance Minutes September 19, 2010 Page 2 of 3 WHEREAS, at their September 17, 2010 meeting the IURA Governance Committee reviewed this matter and recommended the following action; now, therefore, be it RESOLVED, that the IURA hereby adopts the FY 2011 IURA Administrative Budget, dated 9/17/10, as herein attached, and be it further RESOLVED, that effective January 1, 2011, IURA employee salaries and employee contributions to health care insurance shall be adjusted as contained in the 2011 budget, and be it further RESOLVED, that the IURA Human Resource Policies be amended to reflect changes to the employee retirement benefit contained in the 2011 budget, effective January 1, 2011. Carried Unanimously 3‐0 VI. Old Business A. City Audit Bohn reported that the City was working with their independent auditor to complete the 2008 Audit. Bohn reported that HUD staff has informed him that continued delinquency in submission of the City audit may imperil future awards of CDBG and HOME funds. He suggested that IURA bookkeeper, Jill Sage, could possibly work with/for the City to help them bring the City’s financial audits up to date. Cummings requested the City Audit be added to the next Agency agenda for further discussion. (Whitmore left the meeting at 10:10 am). B. Other ‐ none VII. Staff Report A. HUD staff retirement Bohn reported that Nancy Peacock, Director of HUD’s Community Development & Planning program in Buffalo, which office oversees the City’s HUD Entitlement program, has announced her retirement. B. Cherry Street Industrial Park Bohn reported that the Rockstream Studio building at 233 Cherry Street was conveyed to the Sciencenter. The Sciencenter intends to use the building to house their exhibits department that creates traveling exhibits leased to museums. C. Unified Funding awards – NYS Division of Housing & Community Renewal Bohn announced that an application submitted by INHS for 52‐unit affordable housing unit project at 100 W. Seneca Street was not funded. No low‐income housing tax credit projects were funded in Tompkins County. D. Restore NY projects – Bohn provided a brief update on each project. E. Common Council matters of interest to the IURA ‐ none F. Other – Bohn reported that INHS and AFCU were awarded funding from the US Treasury Department through the Community Development Financial Institutions (CDFI) program. INHS intends to use funds to make loans to homeowners. VIII. Other Business A. Review of IURA August 2010 financials IURA Governance Minutes September 19, 2010 Page 3 of 3 Bohn reviewed the grant summary and noted that the 2007 Chestnut St. housing projects are slated for construction this year. B. Next Meeting: October 15, 2010 IX. Adjournment Meeting adjourned at 10:40 a.m. by consensus. END Minutes prepared by A. Vargo, edited by N. Bohn j:\community development\admin files\minutes\governance‐ b&a\2010\9september\sept 17 gov nb edit.doc