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PHONE: 315.435.3770 FAX: 315.435.3669 WWW.ONGOVED.COM Meeting Agenda March 9, 2021 8:00 AM Call to Order the Audit Committee 8:05 AM Call to Order the Annual Meeting 8:10 AM Call to Order the Regular Meeting A. Approval of Minutes-January 20, 2021 & February 9, 2021 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items 1. Audit from Grossman St. Amour Presentation of Audit Agency Action Requested:
a. A Resolution of the Board approving the 2020 Audit of the Agency.
Representative: Mike Lisson, Auditor, Grossman St. Amour 2. DL Manufacturing, Inc. / Metz Properties LLC (3101-21-04A) Initial Meeting DL Manufacturing, Inc. and Metz Properties LLC are proposing an expansion to their current facility for warehousing and manufacturing in the Town of Cicero. The applicant is requesting exemption from certain sales and use taxes, real property taxes, real estate transfer taxes and mortgage recording tax.
Agency Action Requested:
a. A Resolution of the Board to authorize a public hearing.
Representative: Joseph Market, President and Owner, DL Manufacturing
PHONE: 315.435.3770 FAX: 315.435.3669 WWW.ONGOVED.COM Meeting Agenda March 9, 2021 8:00 AM Call to Order the Audit Committee 8:05 AM Call to Order the Annual Meeting 8:10 AM Call to Order the Regular Meeting A. Approval of Minutes-January 20, 2021 & February 9, 2021 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items 1. Audit from Grossman St. Amour Presentation of Audit Agency Action Requested:
a. A Resolution of the Board approving the 2020 Audit of the Agency.
Representative: Mike Lisson, Auditor, Grossman St. Amour 2. DL Manufacturing, Inc. / Metz Properties LLC (3101-21-04A) Initial Meeting DL Manufacturing, Inc. and Metz Properties LLC are proposing an expansion to their current facility for warehousing and manufacturing in the Town of Cicero. The applicant is requesting exemption from certain sales and use taxes, real property taxes, real estate transfer taxes and mortgage recording tax.
Agency Action Requested:
a. A Resolution of the Board to authorize a public hearing.
Representative: Joseph Market, President and Owner, DL Manufacturing
OYA Camillus a LLC is proposing the construction of 5 megawatt solar project in the Town of Camillus. The applicant is requesting exemption from certain sales and use taxes, real property taxes, real estate transfer taxes.
Agency Action Requested:
a. A Resolution of the Board to authorize adoption of SEQRA determination. b. A Resolution of the Board authorizing the financial assistance the agency will provide. Agency benefits requested include exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes.
Representative: Glenn MacKay, Project Manager, OYA Solar, LLC
OYA Camillus B LLC is proposing the construction of 5 megawatt solar project in the Town of Camillus. The applicant is requesting exemption from certain sales and use taxes, real property taxes, and real estate transfer taxes.
Agency Action Requested:
a. A Resolution of the Board to authorize adoption of SEQRA determination.
b. A Resolution of the Board authorizing the financial assistance the agency will provide. Agency benefits requested include exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes.
Representative: Glenn MacKay, Project Manager, OYA Solar, LLC
OYA Camillus a LLC is proposing the construction of 5 megawatt solar project in the Town of Camillus. The applicant is requesting exemption from certain sales and use taxes, real property taxes, real estate transfer taxes.
Agency Action Requested:
a. A Resolution of the Board to authorize adoption of SEQRA determination. b. A Resolution of the Board authorizing the financial assistance the agency will provide. Agency benefits requested include exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes.
Representative: Glenn MacKay, Project Manager, OYA Solar, LLC
OYA Camillus B LLC is proposing the construction of 5 megawatt solar project in the Town of Camillus. The applicant is requesting exemption from certain sales and use taxes, real property taxes, and real estate transfer taxes.
Agency Action Requested:
a. A Resolution of the Board to authorize adoption of SEQRA determination.
b. A Resolution of the Board authorizing the financial assistance the agency will provide. Agency benefits requested include exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes.
Representative: Glenn MacKay, Project Manager, OYA Solar, LLC
SSC Lysander, LLC is requesting consent to sell the membership interest in the company. Agency Action Requested:
a. A Resolution of the Board consent to the sale of a controlling interest in SSC Lysander LLC to GSRP Development Company X LLC.
Representative: John Switzer, Managing Member, SMT Energy
Brolex Plank Road, LLC is proposing to construct two 24-unit apartment buildings in the Town of Clay. The applicant is requesting exemption from certain sales and use taxes, and mortgage recording tax.
Agency Action Requested:
a. A Resolution of the Board to authorize a public hearing.
Representative: Brandon Jackson, Managing Member and Jason Mehl, Project Manager, Brolex Plank Road
The Trey Jay at Loso is proposing to develop a 13 individual apartment building complex that will house 248, one and two bedroom, apartment units on Oneida Lake in the Town of Cicero. The
applicant is requesting exemption from certain sales and use taxes, real property taxes, real estate transfer taxes and mortgage recording tax.
Agency Action Requested:
a. A Resolution of the Board to authorize a public hearing Representative: Charles Breuer, Manager, Hueber-Breuer 2
SSC Lysander, LLC is requesting consent to sell the membership interest in the company. Agency Action Requested:
a. A Resolution of the Board consent to the sale of a controlling interest in SSC Lysander LLC to GSRP Development Company X LLC.
Representative: John Switzer, Managing Member, SMT Energy
Brolex Plank Road, LLC is proposing to construct two 24-unit apartment buildings in the Town of Clay. The applicant is requesting exemption from certain sales and use taxes, and mortgage recording tax.
Agency Action Requested:
a. A Resolution of the Board to authorize a public hearing.
Representative: Brandon Jackson, Managing Member and Jason Mehl, Project Manager, Brolex Plank Road
The Trey Jay at Loso is proposing to develop a 13 individual apartment building complex that will house 248, one and two bedroom, apartment units on Oneida Lake in the Town of Cicero. The
applicant is requesting exemption from certain sales and use taxes, real property taxes, real estate transfer taxes and mortgage recording tax.
Agency Action Requested:
a. A Resolution of the Board to authorize a public hearing Representative: Charles Breuer, Manager, Hueber-Breuer 2
The County has requested that the Agency enter into an easement in connection with the Ultra Dairy, LLC project.
Agency Action Required:
a. A Resolution of the Board authorizing the execution of an easement.
Representative: Robert Petrovich, Executive Director, OCIDA
Recent developments at the Roth Steel Site.
Representative: Robert Petrovich, Executive Director, OCIDA Executive Session/Legal Advice
Authorization to enter into four purchase contracts for property.
Agency Action Requested:
a. A Resolution of the Board to authorize adoption of SEQRA determination.
b. A Resolution of the Board authorizing the Executive Director to enter in four purchase contracts and any related documents with respect to four parcels of property.
Representative: Robert Petrovich, Executive Director, OCIDA Adjourn 3
The County has requested that the Agency enter into an easement in connection with the Ultra Dairy, LLC project.
Agency Action Required:
a. A Resolution of the Board authorizing the execution of an easement.
Representative: Robert Petrovich, Executive Director, OCIDA
Recent developments at the Roth Steel Site.
Representative: Robert Petrovich, Executive Director, OCIDA Executive Session/Legal Advice
Authorization to enter into four purchase contracts for property.
Agency Action Requested:
a. A Resolution of the Board to authorize adoption of SEQRA determination.
b. A Resolution of the Board authorizing the Executive Director to enter in four purchase contracts and any related documents with respect to four parcels of property.
Representative: Robert Petrovich, Executive Director, OCIDA Adjourn 3
Onondaga County Industrial Development Agency Special Meeting Minutes January 20, 2021 A special meeting of the Onondaga County Industrial Development Agency was held on Wednesday, January 20, 2021 via Zoom Teleconference.
Patrick Hogan called the meeting to order at 9:00 am with the following:
PRESENT VIA TELECONFERENCE:
Patrick Hogan Janice Herzog Victor Ianno Sue Stanczyk Kevin Ryan Fanny Villarreal
ABSENT:
Steve Morgan
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nancy Lowery, Secretary Nate Stevens, Treasurer Karen Doster, Recording Secretary, Agency Carolyn Evans-Dean, Onondaga County Economic Development Amanda Fitzgerald, Barclay Damon Law Firm Jeff Davis, Barclay Damon Law Firm (Patrick Hogan shared information as to how the meeting will be conducted in light of COVID- 19 at the start of the Special Committee Meeting.)
Onondaga County Industrial Development Agency Special Meeting Minutes January 20, 2021 A special meeting of the Onondaga County Industrial Development Agency was held on Wednesday, January 20, 2021 via Zoom Teleconference.
Patrick Hogan called the meeting to order at 9:00 am with the following:
PRESENT VIA TELECONFERENCE:
Patrick Hogan Janice Herzog Victor Ianno Sue Stanczyk Kevin Ryan Fanny Villarreal
ABSENT:
Steve Morgan
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nancy Lowery, Secretary Nate Stevens, Treasurer Karen Doster, Recording Secretary, Agency Carolyn Evans-Dean, Onondaga County Economic Development Amanda Fitzgerald, Barclay Damon Law Firm Jeff Davis, Barclay Damon Law Firm (Patrick Hogan shared information as to how the meeting will be conducted in light of COVID- 19 at the start of the Special Committee Meeting.)
The Conflict of Interest was emailed to Board Members present to sign off.
The Conflict of Interest was emailed to Board Members present to sign off.
Robert Petrovich stated the resolution is to approve the round of grants that is before the Board today totaling about $38,953. He stated the applications have been reviewed with counsel to make sure they comport with the statute as prescribed. He stated all of that has passed muster and these expenses have been deemed appropriate. He stated the grant amounts have been put forward to the Board for consideration and approval.
Victor Ianno asked why one applicant is requesting about $8,000 and another is for only $1,300. Patrick Hogan stated a lot of restaurants have to get air purifiers, dividers and things like that that are fairly expensive in order to open.
Robert Petrovich stated the resolution is to approve the round of grants that is before the Board today totaling about $38,953. He stated the applications have been reviewed with counsel to make sure they comport with the statute as prescribed. He stated all of that has passed muster and these expenses have been deemed appropriate. He stated the grant amounts have been put forward to the Board for consideration and approval.
Victor Ianno asked why one applicant is requesting about $8,000 and another is for only $1,300. Patrick Hogan stated a lot of restaurants have to get air purifiers, dividers and things like that that are fairly expensive in order to open.
Victor Ianno asked how do people hear about this grant and why don’t we have more applicants. Sue Stanczyk stated the County Executive pushes this at his press briefings to let people know. She stated any time a business has been affirmed, has a complaint against or some kind of investigation, one of the first things done is we allow them the opportunity to apply for these grants to help fix some of their issues. She stated they are urged to apply for a grant to help pay for some of the items or equipment they need. She stated it is advertised through the press briefing, it is on the website and any time they call the County Executive’s office. She stated they did a break down on the number of calls and they have done 10,000 emails since March on how to open and affirm. She stated Carolyn Evans-Dean, Len Rauch and Karen Doster have handled about the same number in their office. Carolyn Evans-Dean stated when the program was first rolled out the City of Syracuse had a similar program so businesses that may have been located in the City were eligible to apply for their program. She stated the way the legislation was written no one business can accept funds from more than one IDA and as these are IDA funds someone who received City of Syracuse funds was not able to receive County funds. Victor Ianno asked how do people hear about this grant and why don’t we have more applicants. Sue Stanczyk stated the County Executive pushes this at his press briefings to let people know. She stated any time a business has been affirmed, has a complaint against or some kind of investigation, one of the first things done is we allow them the opportunity to apply for these grants to help fix some of their issues. She stated they are urged to apply for a grant to help pay for some of the items or equipment they need. She stated it is advertised through the press briefing, it is on the website and any time they call the County Executive’s office. She stated they did a break down on the number of calls and they have done 10,000 emails since March on how to open and affirm. She stated Carolyn Evans-Dean, Len Rauch and Karen Doster have handled about the same number in their office. Carolyn Evans-Dean stated when the program was first rolled out the City of Syracuse had a similar program so businesses that may have been located in the City were eligible to apply for their program. She stated the way the legislation was written no one business can accept funds from more than one IDA and as these are IDA funds someone who received City of Syracuse funds was not able to receive County funds. Upon a motion by Victor Ianno, seconded by Fanny Villarreal, the OCIDA Board approved a resolution authorizing grants to qualified applicants pursuant to the COVID-19 Grant Legislation for authorized use up to the amount of $10,000. Motion was carried.
Patrick Hogan stated he would like to thank the staff who put this special meeting together and the board members who took time out of their busy day to attend this meeting. He stated this money is desperately needed by all small businesses. He stated he specifically would like to thank the county executive’s office for promoting and pushing this forward. He stated a lot of people in the county appreciate these efforts.
Upon a motion by Victor Ianno, seconded by Susan Stanczyk, the OCIDA Board adjourned the meeting at 9:07 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary 2 Upon a motion by Victor Ianno, seconded by Fanny Villarreal, the OCIDA Board approved a resolution authorizing grants to qualified applicants pursuant to the COVID-19 Grant Legislation for authorized use up to the amount of $10,000. Motion was carried.
Patrick Hogan stated he would like to thank the staff who put this special meeting together and the board members who took time out of their busy day to attend this meeting. He stated this money is desperately needed by all small businesses. He stated he specifically would like to thank the county executive’s office for promoting and pushing this forward. He stated a lot of people in the county appreciate these efforts.
Upon a motion by Victor Ianno, seconded by Susan Stanczyk, the OCIDA Board adjourned the meeting at 9:07 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary 2
Onondaga County Industrial Development Agency Regular Meeting Minutes February 9, 2021 A regular meeting of the Onondaga County Industrial Development Agency was held on Tuesday, February 9, 2021 via Zoom Teleconference.
Patrick Hogan called the meeting to order at 8:07 am with the following:
PRESENT VIA TELECONFERENCE:
Patrick Hogan Janice Herzog Sue Stanczyk Kevin Ryan Victor Ianno Fanny Villarreal
ABSENT:
Steve Morgan
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nancy Lowery, Secretary Nate Stevens, Treasurer Karen Doster, Recording Secretary, Agency Carolyn Evans-Dean, Onondaga County Economic Development Amanda Fitzgerald, Barclay Damon Law Firm Jeff Davis, Barclay Damon Law Firm Robert Murray, Harris Beach Law Firm Glenn Mackay, OYA Camillus A & B LLC Timothy Pecci, Dain Torpey Tony Mancuso, Milton CAT Jeremy Speich, Harris Beach Law Firm (Patrick Hogan shared information as to how the meeting will be conducted in light of COVID- 19 at the start of the Audit Committee Meeting.) APPROVAL OF REGULAR MEETING MINUTES – DECEMBER 8, 2020, JANUARY 12,
Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved the regular meeting minutes of December 8, 2020, January 12, 2021 and January 12 Organizational meeting. Motion was carried.
Onondaga County Industrial Development Agency Regular Meeting Minutes February 9, 2021 A regular meeting of the Onondaga County Industrial Development Agency was held on Tuesday, February 9, 2021 via Zoom Teleconference.
Patrick Hogan called the meeting to order at 8:07 am with the following:
PRESENT VIA TELECONFERENCE:
Patrick Hogan Janice Herzog Sue Stanczyk Kevin Ryan Victor Ianno Fanny Villarreal
ABSENT:
Steve Morgan
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nancy Lowery, Secretary Nate Stevens, Treasurer Karen Doster, Recording Secretary, Agency Carolyn Evans-Dean, Onondaga County Economic Development Amanda Fitzgerald, Barclay Damon Law Firm Jeff Davis, Barclay Damon Law Firm Robert Murray, Harris Beach Law Firm Glenn Mackay, OYA Camillus A & B LLC Timothy Pecci, Dain Torpey Tony Mancuso, Milton CAT Jeremy Speich, Harris Beach Law Firm (Patrick Hogan shared information as to how the meeting will be conducted in light of COVID- 19 at the start of the Audit Committee Meeting.) APPROVAL OF REGULAR MEETING MINUTES – DECEMBER 8, 2020, JANUARY 12,
Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved the regular meeting minutes of December 8, 2020, January 12, 2021 and January 12 Organizational meeting. Motion was carried.
TREASURER’S REPORT Nate Stevens gave a brief review of the Treasurer’s Report for the month of January 2021. Upon a motion by Kevin Ryan, seconded by Janice Herzog, the OCIDA Board approved the Treasurer’s Report for the month of January 2021. Motion was carried.
TREASURER’S REPORT Nate Stevens gave a brief review of the Treasurer’s Report for the month of January 2021. Upon a motion by Kevin Ryan, seconded by Janice Herzog, the OCIDA Board approved the Treasurer’s Report for the month of January 2021. Motion was carried.
Nate Stevens gave a brief review of the Payment of Bills Schedule #452.
Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved the Payment of Bills Schedule #452 for $67,115.07 and PILOT payments to the Town of Cicero for $25,225.51, Town of Clay for $29,935.00, Town of Dewitt for $220,555.54, Town of Elbridge for $81,972.00, Town of Geddes for $393.22, Town of Lysander for $90,346.00, Town of Onondaga for $2.32, Town of Salina for $93,819.86, Town of Skaneateles for $35,782.33, Town of Van Buren for $111,339.00, Village of Baldwinsville for $58,110.00, Village of Liverpool for $4,127.00, Village of Solvay for $3,128.56, Baldwinsville Central School District for $583,995.00, East Syracuse Central School District for $914,373.72, Jamesville Dewitt Central School District for $74.62, Jordan Elbridge Central School District for $444,141.00, Liverpool Central School District for $174,597.00, Lyncourt Union Central School District for $461,652.43, North Syracuse Central School District for $312,481.69, Solvay Union Central School District for $6,577.23, Syracuse Central School District for $51,450.00, West Genesee Central School District for $230,995.00, City of Syracuse for $28,628.86 and Onondaga County for $1,158,468.85. Motion was carried.
Nate Stevens gave a brief review of the Payment of Bills Schedule #452.
Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved the Payment of Bills Schedule #452 for $67,115.07 and PILOT payments to the Town of Cicero for $25,225.51, Town of Clay for $29,935.00, Town of Dewitt for $220,555.54, Town of Elbridge for $81,972.00, Town of Geddes for $393.22, Town of Lysander for $90,346.00, Town of Onondaga for $2.32, Town of Salina for $93,819.86, Town of Skaneateles for $35,782.33, Town of Van Buren for $111,339.00, Village of Baldwinsville for $58,110.00, Village of Liverpool for $4,127.00, Village of Solvay for $3,128.56, Baldwinsville Central School District for $583,995.00, East Syracuse Central School District for $914,373.72, Jamesville Dewitt Central School District for $74.62, Jordan Elbridge Central School District for $444,141.00, Liverpool Central School District for $174,597.00, Lyncourt Union Central School District for $461,652.43, North Syracuse Central School District for $312,481.69, Solvay Union Central School District for $6,577.23, Syracuse Central School District for $51,450.00, West Genesee Central School District for $230,995.00, City of Syracuse for $28,628.86 and Onondaga County for $1,158,468.85. Motion was carried.
The Conflict of Interest was emailed to Board Members present to sign off.
The Conflict of Interest was emailed to Board Members present to sign off.
Robert Petrovich stated the original sales tax allocation was put forward via Trammel Crow, TC Syracuse Development Associates. He stated subsequent to that CF Anaconda came into the 2 conversation as being a project principle and now because of some allocations of equipment expenditures Amazon and CF Anaconda are coming forward on a division of the sales tax. Robert Murray stated the original application included the purchase of certain machinery, equipment and robotics. He stated the total spend for sales tax was about $250,00,000 and $100,000,000 of that figure was for the robotics, machinery and equipment. He stated that it now has been confirmed that the $100,000,000 will go on the tenant ledger and the tenant will be making those expenditures. He stated as a result of the request, it is no longer contemplated that the spend would be by CF Anaconda. He stated the request is to take the same already approved expenditure and move it over to the tenant and authorize the tenant to make sales tax exempt purchases in the total amount of $100,000,000. He stated the Agency approved a total sales benefit of $20,000,000 and that is not changing but what is changing of that $20,000,000 is the allocation of it. He stated $12,000,000 will stay with the landlord and $8,000,000 will be to the tenant.
Robert Petrovich stated the original sales tax allocation was put forward via Trammel Crow, TC Syracuse Development Associates. He stated subsequent to that CF Anaconda came into the 2 conversation as being a project principle and now because of some allocations of equipment expenditures Amazon and CF Anaconda are coming forward on a division of the sales tax. Robert Murray stated the original application included the purchase of certain machinery, equipment and robotics. He stated the total spend for sales tax was about $250,00,000 and $100,000,000 of that figure was for the robotics, machinery and equipment. He stated that it now has been confirmed that the $100,000,000 will go on the tenant ledger and the tenant will be making those expenditures. He stated as a result of the request, it is no longer contemplated that the spend would be by CF Anaconda. He stated the request is to take the same already approved expenditure and move it over to the tenant and authorize the tenant to make sales tax exempt purchases in the total amount of $100,000,000. He stated the Agency approved a total sales benefit of $20,000,000 and that is not changing but what is changing of that $20,000,000 is the allocation of it. He stated $12,000,000 will stay with the landlord and $8,000,000 will be to the tenant.
Nancy Lowery stated a public hearing was held in January and there were no recorded comments or written comments.
Robert Petrovich stated the resolution will be for approval and asked if subsequently any documentation will paper this over in terms of allocation. Jeff Davis stated yes and the change in allocation will be documented should the board approve this. He stated this entire project was reviewed for SEQR purposes and this is a diminimous change to what was previously reviewed so there is nothing further to do from a SEQR standpoint.
Robert Petrovich stated there is no change in the aggregate benefit and it is just a different allocation. Jeff Davis agreed.
Patrick Hogan stated this is nothing unusual and we have done this with other projects. He asked if this is a template that Amazon follows in other parts of the country. Robert Murray stated yes and when the application was submitted the tenant was not secured but the costs for the robotics anticipated were approved so the allocation is happening after the initial approval. 3 Upon a motion by Victor Ianno, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing allocating a portion of the sales and use tax exemption granted to CF Anaconda SYR LLC to Amazon.com Services LLC. Motion was carried.
OYA CAMILLUS A LLC – INITIAL MEETING Nancy Lowery stated a public hearing was held in January and there were no recorded comments or written comments.
Robert Petrovich stated the resolution will be for approval and asked if subsequently any documentation will paper this over in terms of allocation. Jeff Davis stated yes and the change in allocation will be documented should the board approve this. He stated this entire project was reviewed for SEQR purposes and this is a diminimous change to what was previously reviewed so there is nothing further to do from a SEQR standpoint.
Robert Petrovich stated there is no change in the aggregate benefit and it is just a different allocation. Jeff Davis agreed.
Patrick Hogan stated this is nothing unusual and we have done this with other projects. He asked if this is a template that Amazon follows in other parts of the country. Robert Murray stated yes and when the application was submitted the tenant was not secured but the costs for the robotics anticipated were approved so the allocation is happening after the initial approval. 3 Upon a motion by Victor Ianno, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing allocating a portion of the sales and use tax exemption granted to CF Anaconda SYR LLC to Amazon.com Services LLC. Motion was carried.
OYA CAMILLUS A LLC – INITIAL MEETING Glenn Mackay stated the OYA Camillus A and B are immediately adjacent to one another located at 6327 Van Alstine Road in the Town of Camillus. He stated they are each proposed to be 5 megawatt facilities which is in or around 35 acres each in a fenced in area. He stated they leased a single 279 acre lot which they are currently in the process of subdividing for the purpose of installing these two projects. He stated they have completed all field studies and obtained all agency concurrences including the US Army Corp, DEC and US Fish and Wildlife. He stated they are currently in the final stages of permitting with the Town of Camillus and they expect to obtain SEQR Negative Declaration on both projects in March as well as the special use permits. He stated they have already signed their interconnection agreements with both projects with the National Grid and detailed construction engineering is beginning. He stated they are requesting a PILOT as well as some sales and use tax abatements.
Patrick Hogan asked if OYA will have to go to the Town of Camillus Board to get the special use permit and if the property has to be subdivided to make it work. Glenn Mackay stated yes. Patrick Hogan asked Mr. Mackay to let the Board know how it goes.
Upon a motion by Susan Stanczyk, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing a public hearing for the OYA Camillus A LLC Project. Motion was
carried.
OYA CAMILLUS B LLC – INITIAL MEETING Glenn Mackay stated the OYA Camillus A and B are immediately adjacent to one another located at 6327 Van Alstine Road in the Town of Camillus. He stated they are each proposed to be 5 megawatt facilities which is in or around 35 acres each in a fenced in area. He stated they leased a single 279 acre lot which they are currently in the process of subdividing for the purpose of installing these two projects. He stated they have completed all field studies and obtained all agency concurrences including the US Army Corp, DEC and US Fish and Wildlife. He stated they are currently in the final stages of permitting with the Town of Camillus and they expect to obtain SEQR Negative Declaration on both projects in March as well as the special use permits. He stated they have already signed their interconnection agreements with both projects with the National Grid and detailed construction engineering is beginning. He stated they are requesting a PILOT as well as some sales and use tax abatements.
Patrick Hogan asked if OYA will have to go to the Town of Camillus Board to get the special use permit and if the property has to be subdivided to make it work. Glenn Mackay stated yes. Patrick Hogan asked Mr. Mackay to let the Board know how it goes.
Upon a motion by Susan Stanczyk, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing a public hearing for the OYA Camillus A LLC Project. Motion was
carried.
OYA CAMILLUS B LLC – INITIAL MEETING Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing a public hearing for the OYA Camillus B LLC Project. Motion was
carried.
4 Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing a public hearing for the OYA Camillus B LLC Project. Motion was
carried.
4
INC. d/b/a MILTON CAT) Robert Petrovich stated the Milton Cat project is located in the City of Syracuse and they are looking to locate a new facility in Cicero. He stated the application indicated they were not abandoning a site in the City for another site in the County. He stated they are going to maintain some presence on Ainsley but they are going to sell one building and keep another. He stated this is a “cleanup matter” with respect to the application and wanted to make sure the Board was aware. He stated abandonment letters were sent to the City of Syracuse. He stated early on in the process and through discussions with staff in the City of Syracuse Economic Development Department and SIDA, they are fully aware and the mayor was briefed on this. He stated they are supportive of this project with what they are purporting to do with respect to moving to Cicero, selling a building on Ainsley and maintaining a building on Ainsley for future operations.
Jeff Davis stated the resolution before the Board is a reaffirmation reauthorization resolution of the Board’s prior approval. He stated the project is already underway with the SEQR determination and there is no change or need to address SEQR any further. He stated it is just reapproving the prior authorizing resolution now that the abandonment notices have gone out and that issue has been addressed.
INC. d/b/a MILTON CAT) Robert Petrovich stated the Milton Cat project is located in the City of Syracuse and they are looking to locate a new facility in Cicero. He stated the application indicated they were not abandoning a site in the City for another site in the County. He stated they are going to maintain some presence on Ainsley but they are going to sell one building and keep another. He stated this is a “cleanup matter” with respect to the application and wanted to make sure the Board was aware. He stated abandonment letters were sent to the City of Syracuse. He stated early on in the process and through discussions with staff in the City of Syracuse Economic Development Department and SIDA, they are fully aware and the mayor was briefed on this. He stated they are supportive of this project with what they are purporting to do with respect to moving to Cicero, selling a building on Ainsley and maintaining a building on Ainsley for future operations.
Jeff Davis stated the resolution before the Board is a reaffirmation reauthorization resolution of the Board’s prior approval. He stated the project is already underway with the SEQR determination and there is no change or need to address SEQR any further. He stated it is just reapproving the prior authorizing resolution now that the abandonment notices have gone out and that issue has been addressed.
Amanda Fitzgerald stated this also reaffirms what was already discussed in a previous meeting that Southworth Milton Inc. will initially own and sell the project and then sell to the related entity, Milton Real Properties of Massachusetts LLC. She stated the approval for that sale is built into the resolution.
Patrick Hogan asked if the reason for the move is to expand the business. Tony Mancuso stated yes. He stated it is to expand and give them room to run the operation.
Patrick Hogan stated the Ainsley area is still a viable business park and he is glad they were successful there and he wishes them success in Cicero.
Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the financial assistance the Agency will provide and an assignment and 5 lease transaction between Milton Real Properties of Massachusetts, LLC & Southworth-Milton Inc. d/b/a Milton CAT project. Motion was carried.
Amanda Fitzgerald stated this also reaffirms what was already discussed in a previous meeting that Southworth Milton Inc. will initially own and sell the project and then sell to the related entity, Milton Real Properties of Massachusetts LLC. She stated the approval for that sale is built into the resolution.
Patrick Hogan asked if the reason for the move is to expand the business. Tony Mancuso stated yes. He stated it is to expand and give them room to run the operation.
Patrick Hogan stated the Ainsley area is still a viable business park and he is glad they were successful there and he wishes them success in Cicero.
Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the financial assistance the Agency will provide and an assignment and 5 lease transaction between Milton Real Properties of Massachusetts, LLC & Southworth-Milton Inc. d/b/a Milton CAT project. Motion was carried.
Jeff Davis stated the Board needs to go into executive session so they should entertain a motion to go into executive session pursuant to public officer’s law Section 105 to discuss the proposed acquisition of four parcels of land of which the discussions need to be in executive session because they could substantially affect the value of the land. He stated the request is to go into executive session to have those discussions.
Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board went into executive session. Motion was carried.
Upon a motion by Victor Ianno, seconded by Susan Stanczyk, the OCIDA Board adjourned executive session. Motion was carried.
Jeff Davis stated the Board needs to go into executive session so they should entertain a motion to go into executive session pursuant to public officer’s law Section 105 to discuss the proposed acquisition of four parcels of land of which the discussions need to be in executive session because they could substantially affect the value of the land. He stated the request is to go into executive session to have those discussions.
Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board went into executive session. Motion was carried.
Upon a motion by Victor Ianno, seconded by Susan Stanczyk, the OCIDA Board adjourned executive session. Motion was carried.
Jeff Davis stated the Board went into executive session to discuss the potential acquisition of four parcels of land. He stated as part of that and a prerequisite of that an environmental assessment form was prepared for each parcel and reviewed by agency counsel and staff. He stated as a result the recommendation is the issuance of a negative declaration with regard to each acquisition. He stated before the Board are four separate resolutions that walk through the issuance of SEQR negative declaration prior to any further action. He stated pursuant to SEQR the Agency is required to make a determination with respect to the environmental impact or unlisted action. He stated the environmental assessment form has been prepared by the Agency to determine whether the acquisition of the property may have a significant effect on the environment. He stated the action is limited to the acquisition of the property and the Agency does not have a project before it concerning the use of the property and the Agency has no current or proposed plan to develop the property. He stated since the Agency currently has no product before it or plans to develop the property any consideration or impact associated with future development of the property at this time would be purely speculative. He stated should the property be made available at some future date by the Agency for development, that future project or development would be required to undergo full thorough environmental review according to SEQR. He stated accordingly each resolution states that the project (the project is 6 Jeff Davis stated the Board went into executive session to discuss the potential acquisition of four parcels of land. He stated as part of that and a prerequisite of that an environmental assessment form was prepared for each parcel and reviewed by agency counsel and staff. He stated as a result the recommendation is the issuance of a negative declaration with regard to each acquisition. He stated before the Board are four separate resolutions that walk through the issuance of SEQR negative declaration prior to any further action. He stated pursuant to SEQR the Agency is required to make a determination with respect to the environmental impact or unlisted action. He stated the environmental assessment form has been prepared by the Agency to determine whether the acquisition of the property may have a significant effect on the environment. He stated the action is limited to the acquisition of the property and the Agency does not have a project before it concerning the use of the property and the Agency has no current or proposed plan to develop the property. He stated since the Agency currently has no product before it or plans to develop the property any consideration or impact associated with future development of the property at this time would be purely speculative. He stated should the property be made available at some future date by the Agency for development, that future project or development would be required to undergo full thorough environmental review according to SEQR. He stated accordingly each resolution states that the project (the project is 6 the acquisition of the land) constitutes an unlisted action that does not direct any subsequent development or commit the Agency to future actions. He stated if potential future development were to occur it would be dependent upon environmental conditions and other factors that are currently unknown and the Agency’s review of the project would be no less protective of the environments since any future development of the property must undergo a thorough environmental review pursuant to SEQR at that time. He stated the Agency acting as the lead agency thus has determined that the project, i.e. the acquisition of the land, does not have a significant adverse effect on the environment and the Agency will not require the preparation of an environmental impact statement. He stated the four resolutions all state that same regard. He stated if everyone is in agreement the request is an omnibus vote on the approval of the four resolutions before the Board issuing a negative declaration for each one of the proposed acquisitions of land.
Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved a resolution issuing a negative declaration for each of the four proposed land acquisition resolutions. Motion was carried.
(Janice Herzog left the meeting.) the acquisition of the land) constitutes an unlisted action that does not direct any subsequent development or commit the Agency to future actions. He stated if potential future development were to occur it would be dependent upon environmental conditions and other factors that are currently unknown and the Agency’s review of the project would be no less protective of the environments since any future development of the property must undergo a thorough environmental review pursuant to SEQR at that time. He stated the Agency acting as the lead agency thus has determined that the project, i.e. the acquisition of the land, does not have a significant adverse effect on the environment and the Agency will not require the preparation of an environmental impact statement. He stated the four resolutions all state that same regard. He stated if everyone is in agreement the request is an omnibus vote on the approval of the four resolutions before the Board issuing a negative declaration for each one of the proposed acquisitions of land.
Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved a resolution issuing a negative declaration for each of the four proposed land acquisition resolutions. Motion was carried.
(Janice Herzog left the meeting.)
Upon a motion by Victor Ianno, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing the Executive Director to enter into four purchase contracts and any related documents with respect to four parcels of property. Motion was carried.
Upon a motion by Victor Ianno, seconded by Susan Stanczyk, the OCIDA Board adjourned the meeting at 9:05 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary 7
Upon a motion by Victor Ianno, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing the Executive Director to enter into four purchase contracts and any related documents with respect to four parcels of property. Motion was carried.
Upon a motion by Victor Ianno, seconded by Susan Stanczyk, the OCIDA Board adjourned the meeting at 9:05 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary 7
PHONE: 315.435.3770 • FAX: 315.435.3669 February 28, 2021
Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating Revenue 1,717 76,732 1,646,000 (1,569,268) Administrative Expense 42,921 55,802 1,008,000 (952,198) Operating/Program Exp. 7,370 20,244 638,000 (617,756) Net Ordinary Income (48,575) 686 - 686
PHONE: 315.435.3770 • FAX: 315.435.3669 February 28, 2021
Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating Revenue 1,717 76,732 1,646,000 (1,569,268) Administrative Expense 42,921 55,802 1,008,000 (952,198) Operating/Program Exp. 7,370 20,244 638,000 (617,756) Net Ordinary Income (48,575) 686 - 686 Current Assets Current YTD Prior YTD Total Cash 5,770,146 1,859,408 Less Pass Through Received 751,937 - Available Cash 5,018,208 1,859,408 Receivables (less pass through rec.) 223,524 970,914 Grant Reimbursements - 268,733 Total 5,241,732 3,099,055 Reserve for Contracts County Operations 2021 952,198 333 W. Washington St 2021 Rent 65,000 OBG WPCP CO #4 Additional Studies 442,248 JMT 800 Hiawatha Engineering 12,806 CNYIBA Consulting Services Agreement 2021 35,000 Barclay Damon WPCP Options 100,000 Total 1,607,253 Receivables 0-120 days 1,500 > 120 days 222,024 Total 223,524 Current Assets Current YTD Prior YTD Total Cash 5,770,146 1,859,408 Less Pass Through Received 751,937 - Available Cash 5,018,208 1,859,408 Receivables (less pass through rec.) 223,524 970,914 Grant Reimbursements - 268,733 Total 5,241,732 3,099,055 Reserve for Contracts County Operations 2021 952,198 333 W. Washington St 2021 Rent 65,000 OBG WPCP CO #4 Additional Studies 442,248 JMT 800 Hiawatha Engineering 12,806 CNYIBA Consulting Services Agreement 2021 35,000 Barclay Damon WPCP Options 100,000 Total 1,607,253 Receivables 0-120 days 1,500 > 120 days 222,024 Total 223,524 Onondaga County Industrial Development Agency Profit and Loss February 2021
Income
2410 Lease Income 1,500.00 Total 500 Operating Revenue 1,500.00
2401 Interest Income 217.05 Total 501 Non-Operating Revenue 217.05 Total Income $1,717.05 GROSS PROFIT $1,717.05 Expenses
6407 Administrative Expense 42,921.40 6408 Board Mtg Exp 61.44 6410 Office Expense 321.26 6414 Marketing 487.50 Total 6400 Operating Expense 43,791.60
6510.7 WPCP Marketing 6,500.00 Total 6510 White Pine Commerce Park 6,500.00 Total 6500 Agency Program Expenses 6,500.00 Total Expenses $50,291.60 NET OPERATING INCOME $ -48,574.55 NET INCOME $ -48,574.55 Onondaga County Industrial Development Agency Profit and Loss February 2021
Income
2410 Lease Income 1,500.00 Total 500 Operating Revenue 1,500.00
2401 Interest Income 217.05 Total 501 Non-Operating Revenue 217.05 Total Income $1,717.05 GROSS PROFIT $1,717.05 Expenses
6407 Administrative Expense 42,921.40 6408 Board Mtg Exp 61.44 6410 Office Expense 321.26 6414 Marketing 487.50 Total 6400 Operating Expense 43,791.60
6510.7 WPCP Marketing 6,500.00 Total 6510 White Pine Commerce Park 6,500.00 Total 6500 Agency Program Expenses 6,500.00 Total Expenses $50,291.60 NET OPERATING INCOME $ -48,574.55 NET INCOME $ -48,574.55 Accrual Basis Friday, March 5, 2021 09:07 AM GMT-05:00 1/1 Onondaga County Industrial Development Agency Balance Sheet As of February 28, 2021
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 4,888,727.47 200.2 Cash - M & T Money Maker Savings 890,325.90 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 5,770,145.55 Total Bank Accounts $5,770,145.55 Accounts Receivable 380 Accounts Rec.
380.6 A/R Agency Fees 502,169.62 Total 380 Accounts Rec. 502,169.62 Total Accounts Receivable $502,169.62 Other Current Assets 391 Long Tern Receivable 222,024.00 Total Other Current Assets $222,024.00 Total Current Assets $6,494,339.17 Accrual Basis Friday, March 5, 2021 09:07 AM GMT-05:00 1/1 Onondaga County Industrial Development Agency Balance Sheet As of February 28, 2021
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 4,888,727.47 200.2 Cash - M & T Money Maker Savings 890,325.90 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 5,770,145.55 Total Bank Accounts $5,770,145.55 Accounts Receivable 380 Accounts Rec.
380.6 A/R Agency Fees 502,169.62 Total 380 Accounts Rec. 502,169.62 Total Accounts Receivable $502,169.62 Other Current Assets 391 Long Tern Receivable 222,024.00 Total Other Current Assets $222,024.00 Total Current Assets $6,494,339.17 Accrual Basis Friday, March 5, 2021 09:08 AM GMT-05:00 1/3 Onondaga County Industrial Development Agency Balance Sheet As of February 28, 2021
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 $11,014,404.86 Accrual Basis Friday, March 5, 2021 09:08 AM GMT-05:00 1/3 Onondaga County Industrial Development Agency Balance Sheet As of February 28, 2021
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 $11,014,404.86 Accrual Basis Friday, March 5, 2021 09:08 AM GMT-05:00 2/3 Onondaga County Industrial Development Agency Balance Sheet As of February 28, 2021
Liabilities Current Liabilities Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 562,669.16 600.205 Exp Pay Prev Period 134,824.31 600.206 Mileage Reimbursement 92.34 600.208 BlueRock Energy Agreement Deposit 25,000.00 600.209 Syracuse Rail Overpayment 500.00 Total 600 Accounts Payable 723,085.81
603 PILOT Pass Thru 12,028.04 604 Other Pass Thrus 74,063.70 Total 601 PILOT and Pass Thru Payable 86,091.74
631.11 Cicero 5,849.00 631.12 Dewitt 98,517.80 Total 631.1 Towns 104,366.80
631.305 Baldwinsville 1.00 631.315 East Syracuse-Minoa 500,317.71 631.345 North Syracuse 36,338.00 631.356 Syracuse -0.02 Total 631.3 Schools 536,656.69 631.4 Onondaga County 110,913.71 Total 631 Due to Other Governments 751,937.20 Total Other Current Liabilities $1,561,114.75 Total Current Liabilities $1,561,114.75 Total Liabilities $1,561,114.75 Equity 3900 Equity Unreserved 6,733,936.01 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 1,607,252.76 465 Equity - Unreserved -1,234,423.76 Net Income 686.47 Total Equity $9,453,290.11 TOTAL LIABILITIES AND EQUITY $11,014,404.86 Accrual Basis Friday, March 5, 2021 09:08 AM GMT-05:00 2/3 Onondaga County Industrial Development Agency Balance Sheet As of February 28, 2021
Liabilities Current Liabilities Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 562,669.16 600.205 Exp Pay Prev Period 134,824.31 600.206 Mileage Reimbursement 92.34 600.208 BlueRock Energy Agreement Deposit 25,000.00 600.209 Syracuse Rail Overpayment 500.00 Total 600 Accounts Payable 723,085.81
603 PILOT Pass Thru 12,028.04 604 Other Pass Thrus 74,063.70 Total 601 PILOT and Pass Thru Payable 86,091.74
631.11 Cicero 5,849.00 631.12 Dewitt 98,517.80 Total 631.1 Towns 104,366.80
631.305 Baldwinsville 1.00 631.315 East Syracuse-Minoa 500,317.71 631.345 North Syracuse 36,338.00 631.356 Syracuse -0.02 Total 631.3 Schools 536,656.69 631.4 Onondaga County 110,913.71 Total 631 Due to Other Governments 751,937.20 Total Other Current Liabilities $1,561,114.75 Total Current Liabilities $1,561,114.75 Total Liabilities $1,561,114.75 Equity 3900 Equity Unreserved 6,733,936.01 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 1,607,252.76 465 Equity - Unreserved -1,234,423.76 Net Income 686.47 Total Equity $9,453,290.11 TOTAL LIABILITIES AND EQUITY $11,014,404.86 Accrual Basis Friday, March 5, 2021 09:08 AM GMT-05:00 3/3 Accrual Basis Friday, March 5, 2021 09:08 AM GMT-05:00 3/3
PAYMENT OF BILL - SCHEDULE #453 March 9, 2021
PAYMENT OF BILL - SCHEDULE #453 March 9, 2021
1. RAMBOLL AMERICAS ENGINEERING SOLUTIONS, INC. $ 47,685.55 Inv#1940003124, WPCP Engineering thru December 2020 2. BARCLAY DAMON LLP $ 4,651.76 Inv#5109068 & 5109540, Roth & General Legal January 2021 3. FEDEX $ 43.83 Inv#7-262-54290 & 7-277-77768, Shipping 4. ADVANCE MEDIA NEW YORK $ 116.00
TOTAL $ 52,497.14 1
1. RAMBOLL AMERICAS ENGINEERING SOLUTIONS, INC. $ 47,685.55 Inv#1940003124, WPCP Engineering thru December 2020 2. BARCLAY DAMON LLP $ 4,651.76 Inv#5109068 & 5109540, Roth & General Legal January 2021 3. FEDEX $ 43.83 Inv#7-262-54290 & 7-277-77768, Shipping 4. ADVANCE MEDIA NEW YORK $ 116.00
TOTAL $ 52,497.14 1
PAYMENT OF BILL - SCHEDULE #453 March 9, 2021 PILOT Payments 1. TOWN OF CICERO $ 5,849.00 G.A. Braun 2021 PILOT Payment 2. TOWN OF DEWITT $ 98,517.80
3. NORTH SYRACUSE CSD $ 36,338.00 G.A. Braun 2021 PILOT Payment 4. EAST SYRACUSE MINOA CSD $ 500,317.71
5. ONONDAGA COUNTY $ 110,913.71
TOTAL $ 751,936.22 1
PAYMENT OF BILL - SCHEDULE #453 March 9, 2021 PILOT Payments 1. TOWN OF CICERO $ 5,849.00 G.A. Braun 2021 PILOT Payment 2. TOWN OF DEWITT $ 98,517.80
3. NORTH SYRACUSE CSD $ 36,338.00 G.A. Braun 2021 PILOT Payment 4. EAST SYRACUSE MINOA CSD $ 500,317.71
5. ONONDAGA COUNTY $ 110,913.71
TOTAL $ 751,936.22 1
PAYMENT OF BILL - SCHEDULE #453 March 9, 2021 COVID-19 Grant Payments 1. 4 SHER FITNESS, LLC $ 4,650.00 1st and Final COVID 19 Grant Program Payment 2. BLARNEY STONE INN, LLC $ 8,615.00 1st and Final COVID 19 Grant Program Payment 3. CNY KICKBOXING, LLC $ 1,100.00 1st and Final COVID 19 Grant Program Payment 4. EASTSIDE KICKBOXING, LLC $ 1,559.00 1st and Final COVID 19 Grant Program Payment 5. HARBOR ENTERPRISES OF SYRACUSE (THE PRESERVE) $ 5,265.00 1st and Final COVID 19 Grant Program Payment 6. SYRACUSE SCHOOL OF GYMNASTICS $ 4,085.00 1st and Final COVID 19 Grant Program Payment 7. TDL INC. (THE LITTLE GEM DINER) $ 5,105.00 1st and Final COVID 19 Grant Program Payment 8. TROUNG, INC. (FAR EAST & ASIAN GROCERY) $ 1,391.00 1st and Final COVID 19 Grant Program Payment 9. WILLIAM M. TUCKER MD PLLC $ 8,514.46 1st and Final COVID 19 Grant Program Payment TOTAL $ 40,284.46 1
PAYMENT OF BILL - SCHEDULE #453 March 9, 2021 COVID-19 Grant Payments 1. 4 SHER FITNESS, LLC $ 4,650.00 1st and Final COVID 19 Grant Program Payment 2. BLARNEY STONE INN, LLC $ 8,615.00 1st and Final COVID 19 Grant Program Payment 3. CNY KICKBOXING, LLC $ 1,100.00 1st and Final COVID 19 Grant Program Payment 4. EASTSIDE KICKBOXING, LLC $ 1,559.00 1st and Final COVID 19 Grant Program Payment 5. HARBOR ENTERPRISES OF SYRACUSE (THE PRESERVE) $ 5,265.00 1st and Final COVID 19 Grant Program Payment 6. SYRACUSE SCHOOL OF GYMNASTICS $ 4,085.00 1st and Final COVID 19 Grant Program Payment 7. TDL INC. (THE LITTLE GEM DINER) $ 5,105.00 1st and Final COVID 19 Grant Program Payment 8. TROUNG, INC. (FAR EAST & ASIAN GROCERY) $ 1,391.00 1st and Final COVID 19 Grant Program Payment 9. WILLIAM M. TUCKER MD PLLC $ 8,514.46 1st and Final COVID 19 Grant Program Payment TOTAL $ 40,284.46 1
DESCRIPTION TERM CONTRACT PAID OUTSTANDING ONONDAGA COUNTY OED 2021 1-1-21-12-31-21 $1,008,000.00 $55,801.51 $952,198.49 333 W. WASHINGTON ST 2021 RENT 1-1-21-12-31-21 $65,000.00 $0.00 $65,000.00 OBG WPCP CO #4 ADDITIONAL STUDIES 11-30-18-12-31-21 $800,000.00 $357,752.13 $442,247.87 JMT 800 HIAWATHA ENGINEERING 2/13/19-12-31-21 $25,000.00 $12,193.60 $12,806.40 BARCLAY DAMON WPCP OPTIONS 11/30/20-12-31-21 $200,000.00 $100,000.00 $100,000.00 CNYIBA CONSULTING SERVICES AGREEMENT 1-1-31-12-31-21 $35,000.00 $0.00 $35,000.00 $2,133,000.00 $525,747.24 $1,607,252.76
DESCRIPTION TERM CONTRACT PAID OUTSTANDING ONONDAGA COUNTY OED 2021 1-1-21-12-31-21 $1,008,000.00 $55,801.51 $952,198.49 333 W. WASHINGTON ST 2021 RENT 1-1-21-12-31-21 $65,000.00 $0.00 $65,000.00 OBG WPCP CO #4 ADDITIONAL STUDIES 11-30-18-12-31-21 $800,000.00 $357,752.13 $442,247.87 JMT 800 HIAWATHA ENGINEERING 2/13/19-12-31-21 $25,000.00 $12,193.60 $12,806.40 BARCLAY DAMON WPCP OPTIONS 11/30/20-12-31-21 $200,000.00 $100,000.00 $100,000.00 CNYIBA CONSULTING SERVICES AGREEMENT 1-1-31-12-31-21 $35,000.00 $0.00 $35,000.00 $2,133,000.00 $525,747.24 $1,607,252.76
AGENCY FEES RECEIVABLE $0.00 ACCOUNTS RECEIVABLE GENERAL $1,500.00 QUASI-EQUITY LOAN RECEIVABLE $0.00 GRANTS RECEIVABLE $0.00 LONG TERM RECEIVABLE $222,024.00 TOTAL $223,524.00
AGENCY FEES RECEIVABLE $0.00 ACCOUNTS RECEIVABLE GENERAL $1,500.00 QUASI-EQUITY LOAN RECEIVABLE $0.00 GRANTS RECEIVABLE $0.00 LONG TERM RECEIVABLE $222,024.00 TOTAL $223,524.00
(A DISCRETELY PRESENTED COMPONENT
(A DISCRETELY PRESENTED COMPONENT
December 31, 2020 and 2019
December 31, 2020 and 2019
(A Discretely Presented Component Unit of the County of Onondaga, New York) Table of Contents Independent Auditor’s Report 1‐3 Management’s Discussion and Analysis (Unaudited) 4‐6 Financial Statements:
Statements of Net Position ‐ December 31, 2020 and 2019 7 Statements of Revenues, Expenses and Changes in Net Position ‐ For the Years Ended December 31, 2020 and 2019 8 Statements of Cash Flows ‐ For the Years Ended December 31, 2020 and 2019 9‐10 Notes to Financial Statements 11‐19 Supplemental Schedule of Revenue Bonds and Other Bonds (Conduit Debt Obligations) 20‐22 INDEPENDENT AUDITOR’S REPORT The Board of Onondaga County Industrial Development Agency Report on the Financial Statements
(A Discretely Presented Component Unit of the County of Onondaga, New York) Table of Contents Independent Auditor’s Report 1‐3 Management’s Discussion and Analysis (Unaudited) 4‐6 Financial Statements:
Statements of Net Position ‐ December 31, 2020 and 2019 7 Statements of Revenues, Expenses and Changes in Net Position ‐ For the Years Ended December 31, 2020 and 2019 8 Statements of Cash Flows ‐ For the Years Ended December 31, 2020 and 2019 9‐10 Notes to Financial Statements 11‐19 Supplemental Schedule of Revenue Bonds and Other Bonds (Conduit Debt Obligations) 20‐22 INDEPENDENT AUDITOR’S REPORT The Board of Onondaga County Industrial Development Agency Report on the Financial Statements We have audited the accompanying financial statements of the Onondaga County Industrial Development Agency (the Agency), a component unit of the County of Onondaga, New York (the County), as of and for the year ended December 31, 2020, and the related notes to the financial statements, which collectively comprise the Agency’s basic financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements The Agency's management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
We have audited the accompanying financial statements of the Onondaga County Industrial Development Agency (the Agency), a component unit of the County of Onondaga, New York (the County), as of and for the year ended December 31, 2020, and the related notes to the financial statements, which collectively comprise the Agency’s basic financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements The Agency's management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Agency, as of December 31, 2020, and the changes in its financial position and its cash flows thereof for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Report On Required Supplementary Information An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Agency, as of December 31, 2020, and the changes in its financial position and its cash flows thereof for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Report On Required Supplementary Information Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the Agency's basic financial statements. The supplemental schedule of revenue bonds and other bonds (conduit debt obligations), as required by New York State General Municipal Law §859 (1) (b), are presented for purposes of additional analysis and are not a required part of the basic financial statements. The supplemental schedule of revenue bonds and other bonds (conduit debt obligations) is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplemental schedule of revenue bonds and other bonds (conduit debt obligations) is fairly stated, in all material respects, in relation to the basic financial statements as a whole.
Other Reporting Required by Government Auditing Standards Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the Agency's basic financial statements. The supplemental schedule of revenue bonds and other bonds (conduit debt obligations), as required by New York State General Municipal Law §859 (1) (b), are presented for purposes of additional analysis and are not a required part of the basic financial statements. The supplemental schedule of revenue bonds and other bonds (conduit debt obligations) is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplemental schedule of revenue bonds and other bonds (conduit debt obligations) is fairly stated, in all material respects, in relation to the basic financial statements as a whole.
Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 9, 2021, on our consideration of the Agency’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulation, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Agency’s internal control over financial reporting and compliance.
Syracuse, New York March 9, 2021 In accordance with Government Auditing Standards, we have also issued our report dated March 9, 2021, on our consideration of the Agency’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulation, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Agency’s internal control over financial reporting and compliance.
Syracuse, New York March 9, 2021
(A Discretely Presented Component Unit of the County of Onondaga, New York)
(A Discretely Presented Component Unit of the County of Onondaga, New York)
This section of the Onondaga County Industrial Development Agency’s (the Agency), a discretely presented component unit of Onondaga County, New York (the County), annual financial report presents our discussion and analysis of the Agency’s financial performance during the year ended December 31, 2020. It should be read in conjunction with the Agency’s financial statements and accompanying notes.
This section of the Onondaga County Industrial Development Agency’s (the Agency), a discretely presented component unit of Onondaga County, New York (the County), annual financial report presents our discussion and analysis of the Agency’s financial performance during the year ended December 31, 2020. It should be read in conjunction with the Agency’s financial statements and accompanying notes.
The annual financial report of the Agency consists of two parts: Management’s Discussion and Analysis (this section) and the basic financial statements and footnotes. The Agency is a self supporting entity. The accounts are recorded in accordance with a proprietary fund type and consist of an enterprise fund. Proprietary fund type operating statements present increases and decreases in net position. The financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. The Agency does not maintain separate fund accounts.
Condensed Comparative Financial Information
The annual financial report of the Agency consists of two parts: Management’s Discussion and Analysis (this section) and the basic financial statements and footnotes. The Agency is a self supporting entity. The accounts are recorded in accordance with a proprietary fund type and consist of an enterprise fund. Proprietary fund type operating statements present increases and decreases in net position. The financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. The Agency does not maintain separate fund accounts.
Condensed Comparative Financial Information Year Ended December 31,
Cash and cash equivalents $ 5,069,972 $ 2,206,148 $ 2,300,977 Receivables ‐ Onondaga County ‐ 1,336,998 ‐ Accounts receivable 269,149 833,971 753,472 Grant receivables ‐ 268,734 268,734 Notes receivable ‐ ‐ 2,083 Capital assets 4,502,156 4,518,424 3,634,691 Total assets 9,841,277 9,164,275 6,959,957 Current liabilities 386,715 564,045 456,255 Total liabilities 386,715 564,045 456,255 Net Position:
Net investment in capital assets 4,502,156 4,518,424 3,634,691 Unrestricted 4,952,406 4,081,806 2,869,011 Year Ended December 31,
Cash and cash equivalents $ 5,069,972 $ 2,206,148 $ 2,300,977 Receivables ‐ Onondaga County ‐ 1,336,998 ‐ Accounts receivable 269,149 833,971 753,472 Grant receivables ‐ 268,734 268,734 Notes receivable ‐ ‐ 2,083 Capital assets 4,502,156 4,518,424 3,634,691 Total assets 9,841,277 9,164,275 6,959,957 Current liabilities 386,715 564,045 456,255 Total liabilities 386,715 564,045 456,255 Net Position:
Net investment in capital assets 4,502,156 4,518,424 3,634,691 Unrestricted 4,952,406 4,081,806 2,869,011 Total net position $ 9,454,562 $ 8,600,230 $ 6,503,702 ‐4‐ Total net position $ 9,454,562 $ 8,600,230 $ 6,503,702 ‐4‐
(A Discretely Presented Component Unit of the County of Onondaga, New York)
(A Discretely Presented Component Unit of the County of Onondaga, New York)
FINANCIAL STATEMENTS (continued) Condensed Comparative Financial Information (continued) Year Ended December 31,
Operating revenues $ 2,803,839 $ 3,550,992 $ 1,782,767 Operating expenses 1,951,084 1,462,500 2,827,856 Operating income (loss) 852,755 2,088,492 (1,045,089) Other revenue 1,577 8,036 9,507 Change in net position 854,332 2,096,528 (1,035,582) Net position ‐ beginning of year 8,600,230 6,503,702 7,539,284 Net position ‐ end of year $ 9,454,562 $ 8,600,230 $ 6,503,702 Change in financial categories between the year ended December 31, 2020 and the year ended December 31, 2019 include the following:
FINANCIAL STATEMENTS (continued) Condensed Comparative Financial Information (continued) Year Ended December 31,
Operating revenues $ 2,803,839 $ 3,550,992 $ 1,782,767 Operating expenses 1,951,084 1,462,500 2,827,856 Operating income (loss) 852,755 2,088,492 (1,045,089) Other revenue 1,577 8,036 9,507 Change in net position 854,332 2,096,528 (1,035,582) Net position ‐ beginning of year 8,600,230 6,503,702 7,539,284 Net position ‐ end of year $ 9,454,562 $ 8,600,230 $ 6,503,702 Change in financial categories between the year ended December 31, 2020 and the year ended December 31, 2019 include the following:
The Agency’s total net position increased $854,332. Operating revenues exceeded operating expenses by $852,755 in the current year, a net decrease of $1,235,737 from prior year primarily due to one‐time reimbursement from Onondaga County received in 2019 for $1,336,998 and from expenditures related to the White Pine Commerce Park which increased $494,447 compared to 2019.
Total operating cash increased $2,067,195 due to current operations, which included an increase of cash from Agency fees of $1,182,664 and $1,336,998 from Onondaga County. The Agency spent $458,681 more in cash on operating expenses compared to the previous year, primarily related to the White Pine Commerce Park site.
Operating Revenues decreased $747,153 in 2020 compared to an increase of $1,768,225 in 2019. This was primarily due to a $1,336,998 reimbursement from Onondaga County in 2019 which was based on a past agreement with Onondaga County. Overall Agency fees increased net $537,343 compared to 2019. Significant Agency fees included $1,625,000 from TC Syracuse Development Association; $356,713 from Ultra Dairy LLC, $316,115 from BWI Hotel Acquisitions and a write off of $488,642 from the Morgan Baldwinsville project which was not undertaken by the project owner.
The Agency’s total net position increased $854,332. Operating revenues exceeded operating expenses by $852,755 in the current year, a net decrease of $1,235,737 from prior year primarily due to one‐time reimbursement from Onondaga County received in 2019 for $1,336,998 and from expenditures related to the White Pine Commerce Park which increased $494,447 compared to 2019.
Total operating cash increased $2,067,195 due to current operations, which included an increase of cash from Agency fees of $1,182,664 and $1,336,998 from Onondaga County. The Agency spent $458,681 more in cash on operating expenses compared to the previous year, primarily related to the White Pine Commerce Park site.
Operating Revenues decreased $747,153 in 2020 compared to an increase of $1,768,225 in 2019. This was primarily due to a $1,336,998 reimbursement from Onondaga County in 2019 which was based on a past agreement with Onondaga County. Overall Agency fees increased net $537,343 compared to 2019. Significant Agency fees included $1,625,000 from TC Syracuse Development Association; $356,713 from Ultra Dairy LLC, $316,115 from BWI Hotel Acquisitions and a write off of $488,642 from the Morgan Baldwinsville project which was not undertaken by the project owner.
Operating Expenses increased $488,584 in 2020. Contractual support services with Onondaga County decreased $242,203 while development costs for the White Pine Commerce Park increased $489,332 compared to the previous year. In addition, new financial assistance grants were made in 2020 totaling $225,139 to help alleviate the economic damage that small businesses experienced as a result of the COVID‐ 19 pandemic.
‐5‐ Operating Expenses increased $488,584 in 2020. Contractual support services with Onondaga County decreased $242,203 while development costs for the White Pine Commerce Park increased $489,332 compared to the previous year. In addition, new financial assistance grants were made in 2020 totaling $225,139 to help alleviate the economic damage that small businesses experienced as a result of the COVID‐ 19 pandemic.
‐5‐
(A Discretely Presented Component Unit of the County of Onondaga, New York)
(A Discretely Presented Component Unit of the County of Onondaga, New York)
Analysis of Overall Financial Position and Results of Operations The Agency is engaged in activities to support economic growth in Onondaga County, including job creation and retention, and increasing the net wealth of the County. The Agency does not receive any general appropriations from local, county or state government to support its operations. The Agency collects revenue for its operating purposes from the issuance of bonds and straight lease transactions and from interest on investments. In the year ended December 31, 2020, the Agency received $2,913,578 from agency and other fees, an increase of $1,025,985 from the prior year.
The Agency’s staff services are provided by the Onondaga County Office of Economic Development. The Agency compensates the County for these services based on budgeted expenses; in 2020 the expenses totaled $413,546. Capital Asset Administration
Analysis of Overall Financial Position and Results of Operations The Agency is engaged in activities to support economic growth in Onondaga County, including job creation and retention, and increasing the net wealth of the County. The Agency does not receive any general appropriations from local, county or state government to support its operations. The Agency collects revenue for its operating purposes from the issuance of bonds and straight lease transactions and from interest on investments. In the year ended December 31, 2020, the Agency received $2,913,578 from agency and other fees, an increase of $1,025,985 from the prior year.
The Agency’s staff services are provided by the Onondaga County Office of Economic Development. The Agency compensates the County for these services based on budgeted expenses; in 2020 the expenses totaled $413,546. Capital Asset Administration As of December 31, 2020, the Agency’s investment in capital assets was $4,502,156, net of depreciation. The Agency’s capital assets include the White Pine Commerce Park (WPCP, formerly known as the Clay Business Park), land, buildings and equipment. WPCP is a 339 acre undeveloped industrial park in the Town of Clay. The Agency acquired the land in the park for the purpose of attracting a large commercial/industrial project in the Town of Clay. Additionally, in 2015 the Agency acquired property on North Salina Street, in the City of Syracuse, and is leasing the premises to Onondaga Community College to house a workforce development training program. Finally, the Agency continued to invest in the rehabilitation of the real property at 800 Hiawatha Blvd, also in the City of Syracuse. Contacting the Agency’s Financial Management This financial report is designed to provide Onondaga County citizens and taxpayers, and the clients of the Agency, with a general overview of the Agency’s finances. If you have questions about this report or need additional financial information, contact the Executive Director, Onondaga County Industrial Development Agency, 333 West Washington Street, Suite 130, Syracuse, New York 13202.
‐6‐ As of December 31, 2020, the Agency’s investment in capital assets was $4,502,156, net of depreciation. The Agency’s capital assets include the White Pine Commerce Park (WPCP, formerly known as the Clay Business Park), land, buildings and equipment. WPCP is a 339 acre undeveloped industrial park in the Town of Clay. The Agency acquired the land in the park for the purpose of attracting a large commercial/industrial project in the Town of Clay. Additionally, in 2015 the Agency acquired property on North Salina Street, in the City of Syracuse, and is leasing the premises to Onondaga Community College to house a workforce development training program. Finally, the Agency continued to invest in the rehabilitation of the real property at 800 Hiawatha Blvd, also in the City of Syracuse. Contacting the Agency’s Financial Management This financial report is designed to provide Onondaga County citizens and taxpayers, and the clients of the Agency, with a general overview of the Agency’s finances. If you have questions about this report or need additional financial information, contact the Executive Director, Onondaga County Industrial Development Agency, 333 West Washington Street, Suite 130, Syracuse, New York 13202.
‐6‐
(A Discretely Presented Component Unit of the County of Onondaga, New York) Statements of Net Position
(A Discretely Presented Component Unit of the County of Onondaga, New York) Statements of Net Position
Current Assets Cash and cash equivalents ‐ unrestricted $ 5,069,972 2,206,148 Receivables ‐ Onondaga County ‐ 1,336,998 Receivables ‐ agency fees 47,125 611,947 Grant receivables ‐ 268,734 Total current assets 5,117,097 4,423,827 Non‐Current Assets Receivables ‐ other agency fees 222,024 222,024 Capital assets, net 4,502,156 4,518,424 Total noncurrent assets 4,724,180 4,740,448 Total assets $ 9,841,277 $ 9,164,275 LIABILITIES and NET POSITION
Current Assets Cash and cash equivalents ‐ unrestricted $ 5,069,972 2,206,148 Receivables ‐ Onondaga County ‐ 1,336,998 Receivables ‐ agency fees 47,125 611,947 Grant receivables ‐ 268,734 Total current assets 5,117,097 4,423,827 Non‐Current Assets Receivables ‐ other agency fees 222,024 222,024 Capital assets, net 4,502,156 4,518,424 Total noncurrent assets 4,724,180 4,740,448 Total assets $ 9,841,277 $ 9,164,275 LIABILITIES and NET POSITION Current Liabilities Accounts payable $ 252,875 $ 56,193 Due to Onondaga County ‐ 312,981 Due to other governments 108,840 194,871 Deposits 25,000 ‐ Total liabilities 386,715 564,045 Net investment in capital assets 4,502,156 4,518,424 Unrestricted Net Position 4,952,406 4,081,806 Total net position 9,454,562 8,600,230 $ 9,841,277 $ 9,164,275 The accompanying notes are an integral part of these financial statements ‐7‐ Current Liabilities Accounts payable $ 252,875 $ 56,193 Due to Onondaga County ‐ 312,981 Due to other governments 108,840 194,871 Deposits 25,000 ‐ Total liabilities 386,715 564,045 Net investment in capital assets 4,502,156 4,518,424 Unrestricted Net Position 4,952,406 4,081,806 Total net position 9,454,562 8,600,230 $ 9,841,277 $ 9,164,275 The accompanying notes are an integral part of these financial statements ‐7‐
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