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PHONE: 315.435.3770 FAX: 315.435.3669 WWW.ONGOVED.COM Meeting Agenda July 14, 2020 8:00AM Call to Order the Regular Meeting of the Agency A. Approval of Minutes-June 9, 2020 B. Treasurers Report C. Payment of Bills D. Conflict of Interest Action Items
Empire Polymer Solutions is proposing to purchase, renovate and construct a 205,000 sq. ft. facility to be used to process and manufacture goods from recycled plastics. This project is in the Town of Van Buren at the former Syroco location.
Agency Action Requested:
a. SEQR Resolution b. A Resolution of the Board authorizing the financial assistance the Agency will provide. Agency benefits requested include a Payment in Lieu of Tax Agreement, Sales Tax Abatement, and Mortgage Recording Tax Abatement.
Representative: Steve Hubert, Empire Polymer Solutions, LLC
Ultra Dairy is proposing to construct a 38,400 of additional manufacturing, storage and cooling space adjacent to the existing operation in the Town of Dewitt.
Agency Action Request:
a. A Resolution of the Board authorizing a public hearing.
Representative: James Gosier, General Counsel, Byrne Dairy 3. Abundant Solar Power (E1) LLC: 801 Peru Rd (3101-20-13B) Initial Meeting Abundant is proposing the construction of a 2.7 mega-watt solar project in the Town of Elbridge. Agency Action Requested:
a. A Resolution to the Board authorizing a public hearing.
Representative: Melissa Clark Adjourn 1 Page: 1
Onondaga County Industrial Development Agency Regular Meeting Minutes June 9, 2020 A regular meeting of the Onondaga County Industrial Development Agency was held on Tuesday, June 9, 2020 via Zoom Teleconference.
Patrick Hogan called the meeting to order at 8:00 am with the following:
PRESENT VIA TELECONFERENCE:
Patrick Hogan Janice Herzog Susan Stanczyk Kevin Ryan Victor Ianno DELAYED:
Fanny Villarreal
ABSENT:
Steve Morgan
ALSO PRESENT:
Robert Petrovich, Executive Director Nancy Lowery, Secretary Nate Stevens, Treasurer Karen Doster, Recording Secretary Carolyn Evans-Dean, Office of Economic Development Jeffrey Davis, Barclay Damon Law Firm Amanda Mirabito, Barclay Damon Law Firm Chris Andreucci, Harris Beach Law Firm Frank Murphy, Empire Polymer Solutions, LLC Steve Hubert, Empire Polymer Solutions, LLC Kevin McAuliffe, Barclay Damon Law Firm Andrew Day, Taft Solar, LLC Michael Cocquyt, LaBella Associates Brian Harper, DG New York CS, LLC George Laigaie, TC Syracuse Bob Murry, Harris Beach Law Firm Mike Lisson, Grossman St. Amour CPAs, PLLC Ken Bush, Onondaga County Legislature Lauryn LaBorde, SCSD Rick Moriarty, Post Standard Patrick Hogan shared information as to how the meeting will be conducted in light of COVID- 19.
Page: 2 APPROVAL OF REGULAR MEETING MINUTES – MAY 12, 2020 Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved the regular meeting minutes of May 12, 2020. Motion was carried.
(Fanny Villarreal joined meeting) TREASURER’S REPORT Nate Stevens gave a brief review of the Treasurer’s Report for the month of May 2020. Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved the Treasurer’s Report for the month of May 2020. Motion was carried.
Nate Stevens gave a brief review of the Payment of Bills Schedule #444.
Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved the Payment of Bills Schedule #444 for $67,347.82. Motion was carried.
The Conflict of Interest was emailed to Board Members present to sign off.
EMPIRE POLYMER SOLUTIONS, LLC – INITIAL MEETING Frank Murphy stated he owns Empire Resource Recycling which is a recycling manufacturing company out of Rochester, NY. He stated he has been looking for a site for their new processing plant between Rochester and Syracuse. He stated he is President of Empire Polymer Solutions and Steve Hubert is his partner.
Steve Hubert stated his background is primarily in development and he will be active in the design, construction and improvements of the project. He stated he is involved in real estate 2 Page: 3 development with a background in other venture capital type projects which is what led him to this venture with Frank Murphy in the plastic manufacturing reprocessing facility in Syracuse. He stated they looked at some areas in Maryland, Virginia and Maine. He stated they also looked from Rochester to Syracuse and settled on this location as a viable location. He stated it has a lot of the attributes that they want, good quality power, high level of power, railroad siding, good transportation and good proximity to Tessy Plastics which they expect to do some business with. He stated that is the background on how they ended up at the Syroco site. He stated the Syroco site has been abandoned for 10 plus years and they are happy to bring it back to life by making it a viable manufacturing facility. He stated they will grow into it over time and initially will be occupying about 100,000 square feet of the facility primarily the manufacturing area but they will have some office space that they will probably not need for some time.
Frank Murphy stated what they do in Rochester is they take plastics that are basically heading for the landfill. He stated postindustrial plastic is plastic that has never been touched by humans other than a production plant and there is post-consumer, which are plastics that consumers have used and discarded through a recycling program. He stated what they do primarily in Rochester is grind industrial scrap plastic, wash and make it ready to ship to manufacturers to remake products with it. He stated their growth plan is to put together a manufacturing plant with 3 main components; a facility, equipment and people. He stated what they found in Syracuse is a great building with the old Syroco site that has good bones and a site with a number of components they are looking for. He stated it is going to cost a lot of money to put it back in shape and that is the reason it is still available but it is going to fit their needs. He stated they have much of the equipment purchased for the manufacturing and washing. He stated they are going to do very high volume production so they need good people. He stated the fact that this building is on a site that is serviced by the local bus route is going to fit their needs. He stated about 80% of the employees they are looking for are people that can be trainable. He stated they are going to run 3 shifts 24 hours a day, 6 days a week. He stated they will train the employees. He stated their raw stock is recycled plastics. He stated their goal is to prepare it for things like composite decking, lawn furniture and bread trays. He stated down the road if everything works well they have future phases that would include doing their own manufacturing and processing of lumber or their own products inside the building.
Robert Petrovich stated staff has been working with Empire for about 9 to 10 months with initial contact back in September. He stated the County Executive is very enthusiastic about the project 3 Page: 4 for a number of reasons. He stated these are manufacturing jobs ultimately coming to the area. He stated the cap-ex is about $7,000,000. He stated it removes a nuisance and brings it back to life. He stated the property is about $900,000 in arrears on property taxes. He stated as we move forward after this meeting he is going to advance that conversation about solving that problem with this project. He stated this is a win-win.
Victor Ianno asked if Tessy Plastics plant is next door. Robert Petrovich stated yes. Victor Ianno asked if there are other buildings there. Frank Murphy stated this is the only building on site. He stated there was the manufacturing facility and a large warehouse. He stated the property was split in half. He stated Tessy added on to the warehouse portion and they want to take the existing manufacturing facility.
Victor Ianno stated once Empire Polymer gets operational the campus is full? Frank Murphy stated yes.
Janice Herzog stated this sounds like a great project and she is really excited about it. She asked what we do now with the plastics. She asked if there are facilities in the northeast handling this type of recycling. Frank Murphy stated they are not competing with the Consella’s and the Waste Management and they are actually Empire Polymer’s clients. He stated the collectors collect the material from the blue bins, take it to their plant, and split it into cardboard, metal and plastics. He stated they buy it from those facilities in the Northeast and will bring it to this facility. He stated currently a lot of it goes overseas or down south to the Carolinas where the other big plastic processing plant is located. He stated the challenge is the high cost to transport it which causes the municipalities to suffer. He stated it is a supply and demand situation. He stated putting this facility in Syracuse gives them a 350 mile radius to the northeast and into Canada. He stated they will be able to make recycling in the northeast viable again. Victor Ianno asked how many employees they will have at the site. Frank Murphy stated they are committing to 70 employees in Phase 1 but they are expecting much more than that. He stated that is not including the construction jobs. He stated they already have a lot of local contractors that they interviewed and received pricing from them.
Patrick Hogan asked if the project is a $7,000,000 investment. Steve Huber stated yes. 4 Page: 5 Patrick Hogan asked if the PILOT is about 15 years. Nate Stevens stated yes.
Patrick Hogan stated even before the County Executive became County Executive he had huge concerns about this site and it was real problem for the neighborhood especially for Tessy. He stated he is pleased to heavily endorse this idea.
Upon a motion by Victor Ianno, seconded by Fanny Villarreal, the OCIDA Board approved a resolution authorizing a public hearing for the Empire Polymer Solutions, LLC project. Motion was carried.
Robert Petrovich stated Barclay Damon is representing the applicant and Chris Andreucci is conflict counsel for the Agency.
Kevin McAuliffe stated the action before the Board today is a ratification of the action took on August 16 of last year. He stated the new piece to the action is increasing the bond amount from $17,000,000 to $20,000,000. He stated the project remains the same except the need for the bond amount to increase. He stated it is a 199 unit cost control/rent control low income senior citizen project in the Village of Baldwinsville. He stated the PILOT schedule approved last year is the same and was approved by the Village of Baldwinsville, the Town of Van Buren and the Baldwinsville School District. He stated each unit will be modified and modernized. He stated the project was built in 1978 and a lot of infrastructure and components are at the end of their useful life. He stated the project will be renovated with about $9,800,000 in fiscal modifications including kitchens, windows and floor coverings. He stated the methodology was the senior citizens will be moved out for a day and several bathrooms or several kitchens will be done in one day. He stated no one is displaced longer than a few hours at a time during the day. He stated no one is physically removed from the premises and there is no need for alternate housing. He stated the entire complex, 199 units, will be systematically renovated in this method. Nancy Lowery stated a public hearing was held and there were no comments.
5 Page: 6 Susan Stanczyk asked when construction will begin. Kevin McAuliffe stated it will begin right after the closing and there has been discussion about closing the end of this month or early to mid-July. He stated they are at the point now where they are finalizing the official statement. Susan Stanczyk asked if the precautions are being made due to Corona virus as this is a very vulnerable population. Kevin McAuliffe stated yes.
Patrick Hogan asked how does this work out as far as logistically and asked if they have issued the bonds. Kevin McAuliffe stated the bonds have not been issued. He stated the bonds will be issued, the loan will close, the bonds are collateralized by the loan and as soon as construction is complete the loan proceeds pay off the bond. He stated the long term debt is the government insured HUD loan.
Patrick Hogan stated it is a change and we did not issue the $17,000,000. Kevin McAuliffe stated it is not a bond reissuance it is an increase in the bond authorization amount. Janice Herzog asked how many units are occupied. Kevin McAuliffe stated last he knew they were all filled and there was a waiting list.
Robert Petrovich asked Chris Andreucci if there is anything that needs to be discussed from the IDA perspective on this project. Chris Andreucci stated the Agency receives a volume cap allocation for certain tax exempt bonds from the State each year. He stated the Agency is going to use that allocation in addition to an allocation received from the REDC in order to issue these bonds. He stated that is all in place.
Robert Petrovich asked if to the extent another project were to come before the Board relative to a similar request we would have to go back and seek additional allocation if possible. Chris Andreucci stated yes. He stated he thinks it is very possible because the REDC is sitting on a lot of allocation that they have not distributed. He stated it’s not because they won’t distribute it but because there isn’t a high need right now.
Upon a motion by Victor Ianno, seconded by Susan Stanczyk, the OCIDA Board approved a resolution ratifying certain prior resolutions and findings of the Issuer with respect to the undertaking of the Baldwinsville Senior Housing Preservation, LLC project and describing the 6 Page: 7 increased financial assistance being contemplated by the Issuer with respect to the project in the form of the issuance of the Bonds. Motion was carried.
Andrew Day stated they have received a special use permit form the Town Board of Manlius and a negative declaration on the SEQR as the Town Board is acting as lead agency. He stated this project is a community solar project and Source Renewables is developing the project. He stated they have updated the system from the original application. He stated when they went through the permitting process they found that switching from a fixed to a tracker would have the best production and create the best opportunity for the land. He stated they have approval from the Town Board and now they are in front of the Planning Board for site plan approval and opening up the public hearing.
Patrick Hogan asked if Taft Solar is asking the Board to approve the SEQR resolution. Andrew Day stated yes.
Patrick Hogan asked if the Agency is lead agency. Nate Stevens stated no the Agency is not lead agency. He stated he wanted to also point out that it is a 3.4 megawatt project and $4,500 a megawatt in year one and we received a letter of support from the ESM School District. Patrick Hogan asked who is doing the SEQR. Andrew Day stated the Town is lead agency. Jeff Davis stated the Agency is doing their own SEQR determination and it is an unlisted action. He stated it was a Type I coordinated review and request for the Town to be Lead Agency. Nancy Lowery stated a public hearing was held and there were no comments.
Upon a motion by Victor Ianno, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing the adoption of the SEQR determination for the Taft Solar, LLC project. Motion was carried.
Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing the financial assistance the Agency will provide. Motion was carried. 7 Page: 8
Brian Harper stated DG New York is similar to the other solar projects the Agency has approved. He stated it is going to be a community solar project with 3 megawatts located in the Town of Van Buren. He stated NextEra Energy is the parent company on behalf of the applicant, DG New York CS, LLC. He stated it is a $427 billion market company and they own Florida Power and Light, the largest electric utility in the United States. He stated they are hoping to get final approval from the Planning Board tonight and that will be their final meeting with them. He stated there was previously a solar project on this parcel two years ago and roughly the same size but the program they had applied to ran out of incentives and went bankrupt for other reasons. Upon a motion by Susan Stanczyk, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing a public hearing for the DG New York CS, LLC project. Kevin Ryan abstained. Motion was carried.
Robert Petrovich stated we have yet to close on the PILOT but there was a sales tax closing last month. He stated the counsel on the applicant’s side needs to review the documents and they are not prepared to do that before the ST-60 currently issued will expire. He stated the expiration is June 30 of this month. He stated they are requesting an extension to July 31. He stated in consideration of that extension of the ST-60 they have agreed to pay the rest residue and the remainder of the IDA fee making the payment of the fee to 100%. He stated the remaining issue would be closing on the PILOT which can happen subsequent to this. He stated the only risk if they don’t close on the PILOT is they don’t get the PILOT benefits and all the issues that cascade down from that. He stated he thinks they are motivated to close on the PILOT eventually but just need a little extra time and get the books cleaned up on the IDA fee. Upon a motion by Victor Ianno, seconded by Kevin Ryan, the OCIDA Board approved a resolution granting an interim sales and use tax exemption. Motion was carried.
8 Page: 9 Mike Lisson stated in October 2012 there was a resolution by the County to allow reimbursement of up to $2,000,000 for things related to White Pine. He stated Bob’s team realized the office was able to get reimbursement from this in the amount of $1,300,000. He stated when the County reviewed the financial statements and their own financial statements they decided to record liability sometime in May. He stated he had to adjust the financial statement to record a receivable after December 31 and this was not paid from the County until June. He stated he adjusted the IDA financial statement to record the receivable for $1,336,000 to net assets and revenues to the bottom line. He stated it was a straight forward fix but the reason it had to be done was because the Agency financial statements go along with the County’s financial statements so they wanted to make sure the receivables are on our books and the liability is on their book. He stated there are no concerns or issues but had to reissue the financial statements.
Patrick Hogan asked Mike Lisson if OCIDA had to amend the 2012 financial report. Mike Lisson stated no, you make the change in the year you make the error. He stated it impacted the 2019 financials. He stated he was not the auditor at that time and would have to go back to the original auditors. He stated under accounting standards you adjust as you go which is December 2019.
Patrick Hogan asked if this will be amended to the Agency’s last audit. Mike Lisson stated the last filing was amended.
Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board approved a resolution approving a change to the 2019 Audit of the Agency. Kevin Ryan abstained. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Victor Ianno, the OCIDA Board adjourned the meeting at 8:43 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary 9 Page: 10
PHONE: 315.435.3770 • FAX: 315.435.3669 June 30, 2020
Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating Revenue 376,951 3,662,127 1,526,000 2,136,127 Administrative Expense 46,646 277,633 900,000 (622,367) Operating/Program Exp. 87,608 284,301 626,000 (341,699) Net Ordinary Income 242,697 3,100,193 - 3,100,193 Current Assets Current YTD Prior YTD Total Cash 4,820,460 1,944,397 Less Pass Through Received 34,779 - Available Cash 4,785,682 1,944,397 Receivables (less pass through rec.) 971,664 668,659 Grant Reimbursements 268,733 268,733 Total 6,026,079 2,881,789 Reserve for Contracts County Operations 2020 622,367 Professional Services (18,290) 333 W. Washington St 2020 Rent 50,095 WPCP Sewer Design Engineering 108,151 OBG WPCP CO #4 Additional Studies 561,486 JMT 800 Hiawatha Engineering 25,000 National Grid WPCP Engineering Gas 200,000 National Grid WPCP Engineering Electric 175,000 CNYIBA Consulting Services Agreement 26,250 Total 1,750,060 Receivables 0-120 days 749,640 > 120 days 490,757 Total 1,240,397 Page: 11 Onondaga County Industrial Development Agency
June 2020
Income
2116.1 Agency Fees 375,000.00 2116.2 Application Fees 1,000.00 Total 2116 Fees 376,000.00 2410 Lease Income 750.00 2655 Other Operating Revenue 72.99 Total 500 Operating Revenue 376,822.99
2401 Interest Income 127.76 Total 501 Non-Operating Revenue 127.76
529 PILOT Income 132,375.45 Total 534 Pilot & Pass Thru Revenue 132,375.45 Total Income $509,326.20 GROSS PROFIT $509,326.20 Expenses
6404 Audit 13,000.00 6406 Other Professional Services 210.00 6407 Administrative Expense 46,645.93 6408 Board Mtg Exp 53.30 6410 Office Expense 1,254.19 6411 Memberships / Sponsorships 1,500.00 6413 Legal 38,962.50 6415 FTZ 8,750.00 Total 6400 Operating Expense 110,375.92
6510.2 Site Analysis 2,012.50 6510.5 Insurance 4,172.00 6510.7 WPCP Marketing 7,555.50 Total 6510 White Pine Commerce Park 13,740.00
6520.1 435 N Salina Expenses 5,676.00 Total 6520 North Salina Property Acquisition 5,676.00 Page: 12 Accrual Basis Wednesday, July 8, 2020 01:16 PM GMT-04:00 1/2 Onondaga County Industrial Development Agency
June 2020
6530 800 Hiawatha Blvd. West 6530.2 Insurance 103.00 6530.3 Engineering 4,359.00 Total 6530 800 Hiawatha Blvd. West 4,462.00 Total 6500 Agency Program Expenses 23,878.00
6605.2 PILOT Expense 132,375.45 Total 6605 Pilot & Pass Thru Expenses 132,375.45 Total 6600 Non-Operating Expenses 132,375.45 Total Expenses $266,629.37 NET OPERATING INCOME $242,696.83 NET INCOME $242,696.83 Page: 13 Accrual Basis Wednesday, July 8, 2020 01:16 PM GMT-04:00 2/2 Onondaga County Industrial Development Agency
As of June 30, 2020
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 3,939,352.56 200.2 Cash - M & T Money Maker Savings 890,015.68 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 4,820,460.42 Total Bank Accounts $4,820,460.42 Accounts Receivable 380 Accounts Rec.
380.222 Bank of NY -2.00 Total 380.2 PILOTs Rec -2.00 380.6 A/R Agency Fees 933,176.58 Total 380 Accounts Rec. 933,174.58 Total Accounts Receivable $933,174.58 Other Current Assets 391 Long Tern Receivable 222,024.00
392.065 Simple Admit Current -0.32 392.066 Aquari current -0.24 Total 392 Loans Receivable -0.56
393.1 ESD WPCP 134,366.66 393.2 Nat Grid WPCP 134,366.66 Total 393 Grant Reimbursements 268,733.32 Total Other Current Assets $490,756.76 Total Current Assets $6,244,391.76 Page: 14 Accrual Basis Wednesday, July 8, 2020 01:16 PM GMT-04:00 1/3 Onondaga County Industrial Development Agency
As of June 30, 2020
Fixed Assets
101 White Pines Commerce Park 1,520,401.50
101.101 CHA GEIS 1 267,452.05 101.102 CHA GEIS 2 219,439.36 101.104 GEIS Reg Plan Board Overview 19,797.74 Total 101.1 WPCP GEIS 506,689.15 101.2 WPCP Legal 69,774.25 101.3 Engineering Services 52,675.00 101.301 Temporary Access 4,055.44 101.4 Environmental/Demo Services 10,318.98 Total 101.3 Engineering Services 67,049.42
101.501 Land Purchases 1,160,063.57 101.502 Closing Costs 3,168.14 Total 101.5 Land Acquisition Costs 1,163,231.71 Total 101 White Pines Commerce Park 3,327,146.03 106 North Salina Properties 0.00 106.1 435 North Salina 17,083.55 106.3 435 North Salina Building 634,421.53 Total 106 North Salina Properties 651,505.08 107 800 Hiawatha 604,840.42 Total 100 Land 4,583,491.53
104.1 Office Furniture 1,429.00 104.2 Equipment 1,432.40 Total 104 Machinery & Equipment 2,861.40 211 A/D Office Furniture -2,861.00 213 A/D Buildings -65,068.00 Total Fixed Assets $4,518,423.93 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $10,764,457.45 Page: 15 Accrual Basis Wednesday, July 8, 2020 01:16 PM GMT-04:00 2/3 Onondaga County Industrial Development Agency
As of June 30, 2020
Liabilities Current Liabilities Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 153,892.04 600.206 Mileage Reimbursement 81.41 600.207 EPP App Deposit 250.00 600.208 BlueRock Energy Agreement Deposit 25,000.00 Total 600 Accounts Payable 179,223.45
602 Pass Thru Payable 147,746.45 603 PILOT Pass Thru 39,285.15 Total 601 PILOT and Pass Thru Payable 187,031.60
631.17 Van Buren 0.20 Total 631.1 Towns 0.20
631.335 Liverpool -0.01 631.337 Lyncourt 0.01 631.34 Marcellus -0.01 631.345 North Syracuse -0.01 631.356 Syracuse 15,358.47 Total 631.3 Schools 15,358.45 631.4 Onondaga County 10,815.19 631.5 City of Syracuse 8,604.72 Total 631 Due to Other Governments 34,778.56 Total Other Current Liabilities $401,033.61 Total Current Liabilities $401,033.61 Total Liabilities $401,033.61 Equity 3900 Equity Unreserved 4,544,563.05 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 1,750,059.96 465 Equity - Unreserved -1,377,230.96 Net Income 3,100,193.16 Total Equity $10,363,423.84 TOTAL LIABILITIES AND EQUITY $10,764,457.45 Page: 16 Accrual Basis Wednesday, July 8, 2020 01:16 PM GMT-04:00 3/3
DESCRIPTION TERM CONTRACT PAID OUTSTANDING ONONDAGA COUNTY OED 2020 1-1-20-12-31-20 $900,000.00 $277,632.51 $622,367.49 PROFESSIONAL SERVICES 1-1-20-12-31-20 $55,000.00 $73,290.08 -$18,290.08 333 W. WASHINGTON ST 2020 RENT 1-1-20-12-31-20 $65,000.00 $14,904.56 $50,095.44 WPCP SEWER DESIGN ENGINEERING 1/31/16-1/31/17 $268,628.00 $160,476.55 $108,151.45 OBG WPCP CO #4 ADDITIONAL STUDIES 11/30/18-11/30/19 $800,000.00 $238,514.34 $561,485.66 JMT 800 HIAWATHA ENGINEERING 2/13/19-12-31-20 $25,000.00 $0.00 $25,000.00 NATIONAL GRID WPCP ENGINEERING GAS 11/29/18-11/29/19 $403,100.00 $203,100.00 $200,000.00 NATIONAL GRID WPCP ENGINEERING ELECTRIC 11/29/18-11/29/19 $375,000.00 $200,000.00 $175,000.00 CNYIBA CONSULTING SERVICES AGREEMENT 4-14-20-4-14-21 $35,000.00 $8,750.00 $26,250.00 $2,926,728.00 $1,176,668.04 $1,750,059.96
AGENCY FEES RECEIVABLE $748,890.00 ACCOUNTS RECEIVABLE GENERAL $750.00 QUASI-EQUITY LOAN RECEIVABLE $0.00 GRANTS RECEIVABLE $268,733.00 LONG TERM RECEIVABLE $222,024.00 TOTAL $1,240,397.00 Page: 17 Page: 18 12. CNYIBA $8,750.00 2nd Quarter 2020 OCIDA – CNYIBA Services Total $372,666.23 Page: 19 Page: 20 Onondaga County Industrial Development Agency Project Summary 6/4/2020 1. Project Empire Polymer Solutions, LLC 2. Project Number 3101-20-12a 3. Location Van Buren 4. School District Baldwinsville CSD
5. Tax Parcel(s) 031.-11-01.01 Village 0 7.Total Project Cost $ 7,135,210 8. Total Jobs 70 Land $ 560,000 8A. Job Retention 0 Site Work $ 618,262 8B: Job Creation 70 Building $ 5,271,948 (Next 5 Years) Furniture & Fixtures $ 50,000 Equipment $ 150,000 Equipment Subject to NYS Production Exemption $ 150,000 Engineering/Architecture Fees $ 135,000 Financial Charges $ 50,000 Legal Fees $ 50,000 Other $ - Cost Benefit Analysis Empire Polymer Solutions, LLC Project Description Fiscal Impact ($) Abatement Cost $2,442,999 Sales Tax $570,817 Mortgage Tax $42,264 Property Tax Relief (PILOT) $1,829,919 New Investment $32,813,654 PILOT Payments $1,048,740 Project Wages (10 years) $21,665,320 This will be a post-industrial and post-consumer plastic processing plant that will eventually Construction Impact $725,500 include five basic business units to be brought on line at the old Syroco building. Employee Benefits (10 years) $2,166,532 Project Capital Investment $7,135,210 New Sales Tax Generated Agency Fees $72,352 Agency Legal Fees $17,838 Benefit:Cost Ratio 13 :1 Page: 21 Empire Polymer Solutions, LLC 6/4/2020 A) PILOTS Estimate Table Worksheet for 15 years OCIDA estimate of current market value $ 500,000 Projected investment $ 5,271,948 OCIDA estimate of increase in value $ 4,925,771 OCIDA estimated value after project is completed $ 5,425,771 Taxes that would have been collected if the project did not occur $ 292,204 Scheduled PILOT payments $ 1,340,944 Full Tax Onondaga Baldwinsville PILOT YEAR Exemption % Van Buren Village Total PILOT Payment w/o Net Exemption County CSD
1 100% $ 2,633 $ 2,011 $ 12,253 $ - $ 16,896.82 $ 183,357 $ 166,460 2 100% $ 2,685 $ 2,052 $ 12,498 $ - $ 17,234.76 $ 187,024 $ 169,789 3 100% $ 2,739 $ 2,093 $ 12,748 $ - $ 17,579.46 $ 190,764 $ 173,185 4 90% $ 5,546 $ 4,237 $ 25,812 $ - $ 35,595.89 $ 194,580 $ 158,984 5 90% $ 5,657 $ 4,322 $ 26,328 $ - $ 36,307.81 $ 198,471 $ 162,163 6 80% $ 8,634 $ 6,596 $ 40,182 $ - $ 55,412.47 $ 202,441 $ 147,028 7 80% $ 8,807 $ 6,728 $ 40,986 $ - $ 56,520.72 $ 206,489 $ 149,969 8 70% $ 11,962 $ 9,139 $ 55,671 $ - $ 76,772.13 $ 210,619 $ 133,847 9 70% $ 12,202 $ 9,321 $ 56,784 $ - $ 78,307.58 $ 214,832 $ 136,524 10 60% $ 15,545 $ 11,876 $ 72,346 $ - $ 99,767.22 $ 219,128 $ 119,361 11 50% $ 19,018 $ 14,529 $ 88,507 $ - $ 122,053.92 $ 223,511 $ 101,457 12 40% $ 22,624 $ 17,283 $ 105,286 $ - $ 145,192.18 $ 227,981 $ 82,789 13 30% $ 26,365 $ 20,142 $ 122,700 $ - $ 169,207.15 $ 232,541 $ 63,333 14 20% $ 30,248 $ 23,108 $ 140,769 $ - $ 194,124.64 $ 237,191 $ 43,067 15 10% $ 34,275 $ 26,185 $ 159,511 $ - $ 219,971.15 $ 241,935 $ 21,964 TOTAL $ 208,943 $ 159,621 $ 972,380 $ - $ 1,340,944 $ 3,170,862 $ 1,829,919 Year 0 2020 2021 2022 2023 2024 Jobs Current/Actuals Creation Goals 6 12 15 19 18 Total Employment Goals 0 6 18 33 52 70 Page: 22 Page: 23 Page: 24 Page: 25 Page: 26 Page: 27 Page: 28 Page: 29 Page: 30 Page: 31 Page: 32 Estimate the number of FTE jobs to be 0 retained as a result of this Project:
Estimate the number of construction jobs to 20 be created by this Project:
Estimate the average length of construction 10 jobs to be created (months):
Current annual payroll at facility:
5% Average annual growth rate of wages:
Please list, if any, benefits that will be PTO, 401K available to either full and/or part time employees:
Average annual benefit paid by the 10 % company ($ or % salary) per FTE job:
Average growth rate of benefit cost: 5% Amount or percent of wage employees pay 4% to get 4% 401k match for benefits:
Provide an estimate of the number of over 5-year period residents in the Economic Development Region (Onondaga, Madison, Cayuga, Oneida, Oswego, and Cortland Counties) to fill new FTE jobs:
Onondaga County Industrial Development Agency Page 9 Page: 33 Page: 34 Page: 35 Page: 36 Page: 37 Page: 38 Page: 39 Page: 40 Page: 41 Page: 42 Page: 43 Page: 44 Page: 45 Page: 46 Page: 47 Onondaga County Industrial Development Agency Project Summary 7/14/2020 1. Project Ultra Dairy, LLC (Aseptic Processing 2020 Expansion) 2. Project Number 3101-20-14G 3. Location Dewitt 4. School District ESM
5. Tax Parcel(s) 042.-13-05.1 Village 0 7.Total Project Cost $ 28,537,023 8. Total Jobs 262 Land $ - 8A. Job Retention 198 Site Work $ 606,000 8B: Job Creation 64 Building $ 11,650,682 (Next 5 Years) Furniture & Fixtures $ - Equipment $ 15,539,541 Equipment Subject to NYS Production Exemption $ - Engineering/Architecture Fees $ 601,000 Financial Charges $ - Legal Fees $ - Other $ 139,800 Cost Benefit Analysis Ultra Dairy, LLC (Aseptic Processing 2020 Expansion) Project Description Fiscal Impact ($) Abatement Cost $624,336 Sales Tax $400,000 Mortgage Tax $0 Property Tax Relief (PILOT) $224,336 New Investment $166,773,185 PILOT Payments $448,627 Project Wages (10 years) $136,438,785 Ultra Dairy is proposing to expand its existing facility by adding approximately 22,000 sq. ft. of Construction Wages $3,627,500 aseptic processing area. Employee Benefits (10 years) $13,643,878 Project Capital Investment $12,256,682 New Sales Tax Generated $0 Agency Fees $357,713 Benefit:Cost Ratio 267 :1 Ultra Dairy, LLC (Aseptic Processing 2020 Expansion) 7/7/2020 A) PILOTS Estimate Table Worksheet for 12 years OCIDA estimate of current market value $ 8,850,000 Projected investment $ 11,650,682 OCIDA estimate of increase in value $ 770,000 OCIDA estimated value after project is completed $ 9,620,000 Taxes that would have been collected if the project did not occur $ 4,514,839 Scheduled PILOT payments $ 4,661,977 PILOT YEAR PILOT Year Full Tax Onondaga East Syracuse- (Town and (School Exemption % Dewitt Total PILOT Payment w/o Net Exemption County Minoa County) District) PILOT 2022 2021-2022 100% $ 35,238 $ 32,570 $ 173,075 $ 240,883 $ 268,580 $ 27,697 2023 2022-2023 100% $ 39,101 $ 36,141 $ 192,047 $ 267,288 $ 295,539 $ 28,251 2024 2023-2024 100% $ 45,549 $ 42,100 $ 223,713 $ 311,361 $ 340,177 $ 28,816 2025 2024-2025 90% $ 52,669 $ 48,695 $ 258,665 $ 360,029 $ 386,482 $ 26,453 2026 2025-2026 80% $ 54,970 $ 50,837 $ 269,947 $ 375,754 $ 399,738 $ 23,984 2027 2026-2027 70% $ 57,342 $ 53,045 $ 281,577 $ 391,964 $ 413,370 $ 21,406 2028 2027-2028 60% $ 59,787 $ 55,322 $ 293,564 $ 408,672 $ 427,387 $ 18,715 2029 2028-2029 50% $ 62,306 $ 57,667 $ 305,918 $ 425,891 $ 441,799 $ 15,908 2030 2029-2030 40% $ 64,903 $ 60,085 $ 318,648 $ 443,636 $ 456,617 $ 12,981 2031 2030-2031 30% $ 67,578 $ 62,576 $ 331,765 $ 461,920 $ 471,850 $ 9,930 2032 2031-2032 20% $ 70,335 $ 65,143 $ 345,281 $ 480,759 $ 487,511 $ 6,752 2033 2032-2033 10% $ 72,246 $ 66,930 $ 354,642 $ 493,818 $ 497,262 $ 3,444 $ 682,023 $ 631,112 $ 3,348,842 $ 4,661,977 $ 4,886,312 $ 224,336 Year 2020 2021 2022 2023 2024 2025 Job Targets Creation Goals 49 15 0 0 0 Total Employment Goals 198 247 262 262 262 262 This PILOT Schedule replaces all previous PILOT schedules regarding the associated parcels Page: 49 Page: 50 Page: 51 Page: 52 Page: 53 Page: 54 Page: 55 Page: 56 Page: 57 Page: 58 Page: 59 Page: 60 Page: 61 Page: 62 Page: 63 Page: 64 Page: 65 Page: 66 Page: 67 Page: 68 Page: 69 Page: 70 Statement in Support of the Application of Ultra Dairy, LLC for Economic Benefits from The Onondaga County Industrial Development Agency
Ultra Dairy, LLC (“Ultra”) was formed in 2003 as part of the Byrne Dairy family of companies. Ultra produces high quality dairy and non-dairy food products utilizing Ultra High Temperature (UHT) technology that results in extended shelf life (ESL) products. Ultra produces a variety of milk, cream and non-dairy products having shelf lives from 70 – 180 days. Ultra ships 92% of its finished products out of New York State for wholesale and retail sale.
As a processor of milk and cream products, Ultra’s biggest raw material by far is milk and cream, much of it from local farms. Ultra works with family farms throughout Central New York and the Finger Lakes regions. Six of the largest farms Ultra works with are located in Onondaga County. As of May 31, 2020, Ultra had purchased nearly $48 million in milk and cream in 2020. Examples of local vendors and raw material suppliers are as follows: Vendor Location Material/Service Spend YTD (as of 5/31/20) Various Farms Varies Raw Milk/Cream $47,800,000 Sweeteners Plus Lakeville, NY Sweeteners $ 2,313,000 Packaging Corp.
Of America Solvay, NY Corrugate $ 2,181,000 CHEP Liverpool, NY Pallets $ 905,000
Since 2003, Ultra has been a party to a Payment in Lieu of Taxes (PILOT) Agreement with the Onondaga County Industrial Development Agency (OCIDA). Additionally, Ultra has requested and received exemptions from the NYS Mortgage Recording tax from OCIDA as part of it credit facilities with its lenders.
See Section II(D) below.
Ultra is situated on 22 +/- acres of land in the Town of Dewitt bounded by Fly Road on the West and I-481 on the East. Ultra is proposing to expand its existing 138,000 sq. ft. facility by adding approximately 22,000 sq. ft. of aseptic processing area.
Page: 71 Aseptic processing involves sterilization of the product and packaging which in turn allows for shelf life of up to one year without refrigeration. This advanced technology results in products that can be shipped across the United States and around the world. The ability to manufacture these products is particularly important in times like these when supply chains are stressed. This project will involve capital expenditures of approximately $28.5 million and will create a total of 64 new full time jobs. It is also anticipated that approximately 150 construction jobs will be created. Construction and equipment installation will take approximately 9 – 10 months. Economic benefits from OCIDA in the forms of real property tax abatement (PILOT) and Sale and Use Tax exemptions are extremely important to the viability of the proposed project. A PILOT Agreement will provide Ultra with a steady and predictable vehicle for the payment its share of local services. Additionally, Ultra anticipates that it will expend approximately $4.3 million on goods, materials and services that would otherwise be subject to state and local sales taxes. Exemptions from these taxes will allow Ultra to invest more of its own money into the project.
Page: 72 Page: 73 Onondaga County Industrial Development Agency Project Summary 7/9/2020 1. Project Abundant Solar Power (E1)LLC : 801 Peru Rd 2. Project Number 3101-20-13B 3. Location Elbridge 4. School District Jordan-Elbridge CSD
5. Tax Parcel(s) 029.-02-20.1 7.Total Project Cost $ 4,599,700 8. Total Jobs 0 Land $ - 8A. Job Retention 0 Site Work $ - 8B: Job Creation 0 Building $ - (Next 5 Years) Furniture & Fixtures $ - Equipment $ 2,394,700 Equipment Subject to NYS Production $ - Exemption Engineering/Architecture Fees $ 140,000 Financial Charges $ 35,000 Legal Fees $ 35,000 Management Developer Fees $ 70,000 Other- Solar Installation Labor $ 1,925,000 Cost Benefit Analysis Abundant Solar Power (E1)LLC : 801 Peru Rd Project Description Fiscal Impact ($) Abatement Cost $ 476,323 Sales Tax $ 345,576 Mortgage Tax $ 34,498 Property Tax Relief (PILOT) $ 96,249 New Investment $ 5,614,732 PILOT Payments $ 212,898 Project Wages (10 years) $ - Construction Wages $ 743,638 Construct a Solar Development in the Town of Elbridge on land owned by the Town of Elbridge. Employee Benefits (10 years) $ - Project Capital Investment $ 4,599,700 New Sales Tax Generated $ - Agency Fees $ 58,496 Agency Legal Fees $ 11,499 Benefit:Cost Ratio 12 :1 Page: 74 Abundant Solar Power (E1)LLC : 801 Peru Rd 6/23/2020 A) PILOTS Estimate Table Worksheet Current Revenue Generated by Parcel $ - Expected Revenue from the Parcel if no project occurred $ 89,788.27 Projected Year 1 Revenue to be generated as a result of the project: $ 9,450 Total Project Cost $ 4,599,700 OCIDA Estimate of Project Value $ 598,675 Projected MW to be generated 2.7 Full Tax Payment Year Onondaga County Elbridge Jordan-Elbridge CSD Total PILOT Net Exemption without PILOT 15.0% 13.3% 71.7% 100.0% 2019-2020 Property is currently Tax Exempt 1 $ 1,417 $ 1,261 $ 6,773 $ 9,450 $ 2,803 $ (6,647) 2 $ 1,445 $ 1,286 $ 6,908 $ 9,639 $ 2,859 $ (6,780) 3 $ 1,474 $ 1,311 $ 7,047 $ 9,832 $ 2,916 $ (6,915) 4 $ 1,503 $ 1,338 $ 7,187 $ 10,028 $ 2,975 $ (7,054) 5 $ 1,533 $ 1,364 $ 7,331 $ 10,229 $ 3,034 $ (7,195) 6 $ 1,564 $ 1,392 $ 7,478 $ 10,434 $ 3,095 $ (7,339) 7 $ 1,595 $ 1,420 $ 7,627 $ 10,642 $ 3,157 $ (7,485) 8 $ 1,627 $ 1,448 $ 7,780 $ 10,855 $ 3,220 $ (7,635) 9 $ 1,660 $ 1,477 $ 7,936 $ 11,072 $ 3,284 $ (7,788) 10 $ 1,693 $ 1,506 $ 8,094 $ 11,294 $ 3,350 $ (7,944) 11 $ 1,727 $ 1,537 $ 8,256 $ 11,519 $ 3,417 $ (8,102) 12 $ 1,761 $ 1,567 $ 8,421 $ 11,750 $ 3,485 $ (8,264) 13 $ 1,797 $ 1,599 $ 8,590 $ 11,985 $ 3,555 $ (8,430) 14 $ 1,832 $ 1,631 $ 8,761 $ 12,225 $ 3,626 $ (8,598) 15 $ 1,869 $ 1,663 $ 8,937 $ 12,469 $ 3,699 $ (8,770) 16 $ 1,906 $ 1,697 $ 9,115 $ 12,718 $ 32,006 $ 19,288 17 $ 1,945 $ 1,730 $ 9,298 $ 12,973 $ 32,646 $ 19,673 18 $ 1,983 $ 1,765 $ 9,484 $ 13,232 $ 33,299 $ 20,067 19 $ 2,023 $ 1,800 $ 9,673 $ 13,497 $ 33,965 $ 20,468 20 $ 2,064 $ 1,836 $ 9,867 $ 13,767 $ 34,644 $ 20,878 21 $ 2,105 $ 1,873 $ 10,064 $ 14,042 $ 35,337 $ 21,295 22 $ 2,147 $ 1,911 $ 10,265 $ 14,323 $ 36,044 $ 21,721 23 $ 2,190 $ 1,949 $ 10,471 $ 14,610 $ 36,765 $ 22,155 24 $ 2,234 $ 1,988 $ 10,680 $ 14,902 $ 37,500 $ 22,599 25 $ 2,278 $ 2,027 $ 10,894 $ 15,200 $ 38,250 $ 23,051 $ 45,372 $ 40,375 $ 216,939 $ 302,686 $ 398,936 $ 96,249 Page: 75 Page: 76 Page: 77 Page: 78 Page: 79 Page: 80 Page: 81 Page: 82 Page: 83 Page: 84 Page: 85 Page: 86 Page: 87 Page: 88 Page: 89 Page: 90 Page: 91 Page: 92 Page: 93 Page: 94 Page: 95 Page: 96 Page: 97 Page: 98 Page: 99 Page: 100 Page: 101 Page: 102 Page: 103 Page: 104 Page: 105 Page: 106 Page: 107 Page: 108 Page: 109 Page: 110 Page: 111 Page: 112 Page: 113 Page: 114 Page: 115 Page: 116 Page: 117 Page: 118 Page: 119 Page: 120 Page: 121 Page: 122 Page: 123 Page: 124 Page: 125 Page: 126 Page: 127 Page: 128 Page: 129 Page: 130