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PHONE: 315.435.3770 FAX: 315.435.3669 ONGOVED.COM Regular Meeting Agenda December 20, 2022 8:00 AM Call to Order the Meeting of the Agency
1. Cryomech, Inc. (3101-22-08A) Second Meeting Cryomech, Inc. is proposing to acquire approximately 12.5 acres from parcels adjacent to their current location in the Town of Dewitt and to construct an expansion consisting of approximately 30,000 SF of manufacturing space and 4,000 SF of office space. The applicant is requesting exemptions from certain sales and use taxes, real property taxes and mortgage recording 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 real property taxes, real estate transfer taxes, sales and use taxes and mortgage recording taxes. Representative: Parminder Banga, Engineering Manager, Cryomech
PHONE: 315.435.3770 FAX: 315.435.3669 ONGOVED.COM Regular Meeting Agenda December 20, 2022 8:00 AM Call to Order the Meeting of the Agency
1. Cryomech, Inc. (3101-22-08A) Second Meeting Cryomech, Inc. is proposing to acquire approximately 12.5 acres from parcels adjacent to their current location in the Town of Dewitt and to construct an expansion consisting of approximately 30,000 SF of manufacturing space and 4,000 SF of office space. The applicant is requesting exemptions from certain sales and use taxes, real property taxes and mortgage recording 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 real property taxes, real estate transfer taxes, sales and use taxes and mortgage recording taxes. Representative: Parminder Banga, Engineering Manager, Cryomech
Tocco Villaggio III, LLC is proposing to construct an approximately 208-unit apartment complex totaling approximately 295,000 square feet in the Town of Clay. The complex would have 8 apartment buildings consisting of one and two bedroom units along with interior and exterior amenities. The applicant is requesting exemptions from certain sales and use taxes and mortgage recording 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 sales and use taxes and mortgage recording taxes.
Representative: James Trasher, P.E. CHA Consulting 1 page1
Tocco Villaggio III, LLC is proposing to construct an approximately 208-unit apartment complex totaling approximately 295,000 square feet in the Town of Clay. The complex would have 8 apartment buildings consisting of one and two bedroom units along with interior and exterior amenities. The applicant is requesting exemptions from certain sales and use taxes and mortgage recording 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 sales and use taxes and mortgage recording taxes.
Representative: James Trasher, P.E. CHA Consulting 1 page1
Peregrine Holdings LLC is proposing to construct an assisted senior living residence with memory care services for persons with Alzheimer’s disease and other memory-related health concerns of approximately 37,000 square feet consisting of approximately 64 units and related amenities (including parking) in the Town of Manlius. The applicant is requesting exemptions from certain sales and use taxes, real property taxes and mortgage recording taxes. The applicant has notified Agency staff that it will undertake the project with PSL of Fayetteville LLC as the operating company and Fayetteville MC Owner LLC as the real estate holding company.
Agency Action Required:
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 real property taxes, real estate transfer taxes, sales and use taxes and mortgage recording taxes. Representative: Stephen Bowman, President, Peregrine Holdings LLC
Peregrine Holdings LLC is proposing to construct an assisted senior living residence with memory care services for persons with Alzheimer’s disease and other memory-related health concerns of approximately 37,000 square feet consisting of approximately 64 units and related amenities (including parking) in the Town of Manlius. The applicant is requesting exemptions from certain sales and use taxes, real property taxes and mortgage recording taxes. The applicant has notified Agency staff that it will undertake the project with PSL of Fayetteville LLC as the operating company and Fayetteville MC Owner LLC as the real estate holding company.
Agency Action Required:
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 real property taxes, real estate transfer taxes, sales and use taxes and mortgage recording taxes. Representative: Stephen Bowman, President, Peregrine Holdings LLC 4. Request for Professional Services: OCIDA Public Relations/Marketing Services The Agency is proposing to enter into contracts for firms to provide public relations and marketing services regarding OCIDA projects and economic opportunities in Onondaga County and in support of OCIDAs mission to stimulate economic development, growth and general prosperity for the people of Onondaga County. Agency Action Requested a. A resolution of the Board authorizing the Executive Director to enter into retainer agreements with the following companies for public relations/marketing services on an as-needed basis: 1) Eric Mower and Associates, 2) ABC Creative Group, and 3) Epoch Advertising Agency.
Representative: Robert Petrovich, Executive Direction, OCIDA 2 page2
Armoured One, LLC is requesting a one-year extension to their Sales and Use Tax Exemption Agency Action Requested:
a. A resolution of the Board authorizing an extension to the Sales and Use Tax Exemption for Armoured One, LLC and North Midler Properties, LLC.
Representative: Tino Amodei, CTO and Co-Founder, Armoured One 4. Request for Professional Services: OCIDA Public Relations/Marketing Services The Agency is proposing to enter into contracts for firms to provide public relations and marketing services regarding OCIDA projects and economic opportunities in Onondaga County and in support of OCIDAs mission to stimulate economic development, growth and general prosperity for the people of Onondaga County. Agency Action Requested a. A resolution of the Board authorizing the Executive Director to enter into retainer agreements with the following companies for public relations/marketing services on an as-needed basis: 1) Eric Mower and Associates, 2) ABC Creative Group, and 3) Epoch Advertising Agency.
Representative: Robert Petrovich, Executive Direction, OCIDA 2 page2
Armoured One, LLC is requesting a one-year extension to their Sales and Use Tax Exemption Agency Action Requested:
a. A resolution of the Board authorizing an extension to the Sales and Use Tax Exemption for Armoured One, LLC and North Midler Properties, LLC.
Representative: Tino Amodei, CTO and Co-Founder, Armoured One
COR Van Rensselaer Street Company II, LLC and COR Van Rensselaer Street Company III, Inc. are requesting a one-year extension of the sales and use tax exemption in connection with Parcels B2-4 and C-2, Inner Harbor Project. Agency Action Requested:
a. A resolution of the Board authorizing the extension of the sales and use tax exemption for COR Van Rensselaer Street Company II, LLC and COR Van Rensselaer Street Company III, Inc.(COR Inner Harbor Company, LLC Sub Project 1) Representative: Catherine Johnson, CEO, COR Development Company, LLC
Agency Action Requested:
a. A resolution of the Board authorizing and directing Agency staff and counsel to take various actions pursuant to the Eminent Domain Procedure Law for the potential acquisition of lands and easement rights in support of the proposed District East development.
Representatives: Jeffrey W. Davis, OCIDA Legal Counsel, Barclay Damon 3 page3
COR Van Rensselaer Street Company II, LLC and COR Van Rensselaer Street Company III, Inc. are requesting a one-year extension of the sales and use tax exemption in connection with Parcels B2-4 and C-2, Inner Harbor Project. Agency Action Requested:
a. A resolution of the Board authorizing the extension of the sales and use tax exemption for COR Van Rensselaer Street Company II, LLC and COR Van Rensselaer Street Company III, Inc.(COR Inner Harbor Company, LLC Sub Project 1) Representative: Catherine Johnson, CEO, COR Development Company, LLC
Agency Action Requested:
a. A resolution of the Board authorizing and directing Agency staff and counsel to take various actions pursuant to the Eminent Domain Procedure Law for the potential acquisition of lands and easement rights in support of the proposed District East development.
Representatives: Jeffrey W. Davis, OCIDA Legal Counsel, Barclay Damon 3 page3
Agency Action Requested:
a. Resolution of the Board authorizing the Executive Director to proceed with a zone change with respect to certain parcels of land located at the White Pine Commerce Park and complete all mapping, site plan and legal work necessary to submit and process the zone change request.
Representative: Robert Petrovich, Executive Director, OCIDA Adjourn 4 page4 Onondaga County Industrial Development Agency Special Meeting Minutes November 29, 2022 A Special meeting of the Onondaga County Industrial Development Agency was held on Tuesday, November 29, 2022 at 333 West Washington Street, Syracuse, New York in the large conference room on the first floor.
Patrick Hogan called the meeting to order at 8:03 am with the following:
PRESENT:
Patrick Hogan Janice Herzog Victor Ianno Susan Stanczyk Kevin Ryan Fanny Villarreal
ABSENT:
Steve Morgan
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nate Stevens, Treasurer Nancy Lowery, Secretary Karen Doster, Recording Secretary Alexis Rodriguez, Assistant Treasurer Matt Pelligra, Office of Economic Development Jeff Davis, Barclay Damon Law Firm Agency Action Requested:
a. Resolution of the Board authorizing the Executive Director to proceed with a zone change with respect to certain parcels of land located at the White Pine Commerce Park and complete all mapping, site plan and legal work necessary to submit and process the zone change request.
Representative: Robert Petrovich, Executive Director, OCIDA Adjourn 4 page4 Onondaga County Industrial Development Agency Special Meeting Minutes November 29, 2022 A Special meeting of the Onondaga County Industrial Development Agency was held on Tuesday, November 29, 2022 at 333 West Washington Street, Syracuse, New York in the large conference room on the first floor.
Patrick Hogan called the meeting to order at 8:03 am with the following:
PRESENT:
Patrick Hogan Janice Herzog Victor Ianno Susan Stanczyk Kevin Ryan Fanny Villarreal
ABSENT:
Steve Morgan
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nate Stevens, Treasurer Nancy Lowery, Secretary Karen Doster, Recording Secretary Alexis Rodriguez, Assistant Treasurer Matt Pelligra, Office of Economic Development Jeff Davis, Barclay Damon Law Firm
The Conflict of Interest was circulated and there were no conflicts reported.
The Conflict of Interest was circulated and there were no conflicts reported.
Robert Petrovich stated the purpose of this meeting is to increase the contract authorization with Ramboll. He stated the last authorization increase was about $50,000 which brought their contract to about $850,000 and this will be an additional increase in support to ready the site for Micron. He stated the funds will be expended on a topographic survey so Micron can continue developing their site plan for the White Pine Commerce Park. He stated as the Board knows the Agency has acquired a number of separate parcels over the course of the past 3 years and a boundary survey will need to be done to clearly identify the site because most of the properties were purchased off tax maps for the expediency of the transaction required. He stated this authorization is to advance that work.
page5 Victor Ianno asked once the boundary survey is completed will all the individual property lines go away. Robert Petrovich stated there will be a process of re-subdividing the property and a zone change so those will come after we are done with this but not necessarily right away. He stated this will be the path to accomplish that. He stated we may want to create 2, no more than 3, tax parcels being the main campus west of Burnet Road and east campus east of Burnet Road. Victor Ianno asked if there will be 2 individual properties. Robert Petrovich stated yes and all existing interior lot lines will go away.
Robert Petrovich stated the purpose of this meeting is to increase the contract authorization with Ramboll. He stated the last authorization increase was about $50,000 which brought their contract to about $850,000 and this will be an additional increase in support to ready the site for Micron. He stated the funds will be expended on a topographic survey so Micron can continue developing their site plan for the White Pine Commerce Park. He stated as the Board knows the Agency has acquired a number of separate parcels over the course of the past 3 years and a boundary survey will need to be done to clearly identify the site because most of the properties were purchased off tax maps for the expediency of the transaction required. He stated this authorization is to advance that work.
page5 Victor Ianno asked once the boundary survey is completed will all the individual property lines go away. Robert Petrovich stated there will be a process of re-subdividing the property and a zone change so those will come after we are done with this but not necessarily right away. He stated this will be the path to accomplish that. He stated we may want to create 2, no more than 3, tax parcels being the main campus west of Burnet Road and east campus east of Burnet Road. Victor Ianno asked if there will be 2 individual properties. Robert Petrovich stated yes and all existing interior lot lines will go away.
Patrick Hogan asked if Ramboll would do everything. Robert Petrovich stated Ramboll will take care of this with a licensed land surveyor who will be a sub to Ramboll on this contract. Patrick Hogan asked if there will be additional subs down the road. Robert Petrovich stated yes there will be additional work down road ultimately but when that occurs and who will take the lead on that is yet to be determined.
Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing a Service Agreement amendment to increase the fee to Ramboll by $109,700.00 for survey and topographic work at the White Pine Commerce Park within the scope of the Service Agreement. Motion was carried.
Victor Ianno asked at what point in this process does OCIDA take a step back and say we are done. Robert Petrovich stated we are in the process of trying to figure that out. He stated we are here to help Micron advance their objectives with respect to White Pine. He stated we are going to be in a supporting role to the extent that we can smooth out the bumps and apply grease to the rails. He stated the Agency will be the lead relative to SEQR but any of the site development work related to the site plan and ultimately the construction of the Fabs we are going to be in diminished support role.
Patrick Hogan asked if Ramboll would do everything. Robert Petrovich stated Ramboll will take care of this with a licensed land surveyor who will be a sub to Ramboll on this contract. Patrick Hogan asked if there will be additional subs down the road. Robert Petrovich stated yes there will be additional work down road ultimately but when that occurs and who will take the lead on that is yet to be determined.
Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing a Service Agreement amendment to increase the fee to Ramboll by $109,700.00 for survey and topographic work at the White Pine Commerce Park within the scope of the Service Agreement. Motion was carried.
Victor Ianno asked at what point in this process does OCIDA take a step back and say we are done. Robert Petrovich stated we are in the process of trying to figure that out. He stated we are here to help Micron advance their objectives with respect to White Pine. He stated we are going to be in a supporting role to the extent that we can smooth out the bumps and apply grease to the rails. He stated the Agency will be the lead relative to SEQR but any of the site development work related to the site plan and ultimately the construction of the Fabs we are going to be in diminished support role.
Victor Ianno asked if Onondaga County is going to sell this property to them eventually or is the Agency going to own it and they are tenants. Robert Petrovich stated the Agency owns the property and ultimately the agreement is they will buy the property from the IDA at some point. He stated we are trying to figure where the right pivot is for that. He stated we don’t plan on 2 page6 being owners forever but with respect to the IDA benefits we will technically have a lease/leaseback agreement. He stated the Agency needs to be in nominal title or nominal control as it is required for them to receive benefits.
Kevin Ryan asked if they submitted a formal application yet. Robert Petrovich stated his understanding is the application is in draft form and is imminent. He stated he would expect to have it in the next couple weeks.
Kevin Ryan asked if there is a signed agreement between Micron and the Agency. Robert Petrovich stated there is a term sheet that has been signed between the State, Micron, the County and the IDA identifying key terms of the understanding between all parties to this project. Victor Ianno asked if Onondaga County is going to sell this property to them eventually or is the Agency going to own it and they are tenants. Robert Petrovich stated the Agency owns the property and ultimately the agreement is they will buy the property from the IDA at some point. He stated we are trying to figure where the right pivot is for that. He stated we don’t plan on 2 page6 being owners forever but with respect to the IDA benefits we will technically have a lease/leaseback agreement. He stated the Agency needs to be in nominal title or nominal control as it is required for them to receive benefits.
Kevin Ryan asked if they submitted a formal application yet. Robert Petrovich stated his understanding is the application is in draft form and is imminent. He stated he would expect to have it in the next couple weeks.
Kevin Ryan asked if there is a signed agreement between Micron and the Agency. Robert Petrovich stated there is a term sheet that has been signed between the State, Micron, the County and the IDA identifying key terms of the understanding between all parties to this project.
Upon a motion by Fanny Villarreal, seconded by Victor Ianno, the OCIDA Board adjourned the meeting at 8:09 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary 3 page7
Onondaga County Industrial Development Agency Regular Meeting Minutes November 8, 2022 A regular meeting of the Onondaga County Industrial Development Agency was held on Tuesday, November 8, 2022 at 333 West Washington Street, Syracuse, New York in the large conference room on the first floor.
Patrick Hogan called the meeting to order at 8:00 am with the following:
PRESENT:
Patrick Hogan Janice Herzog Susan Stanczyk Kevin Ryan Fanny Villarreal
ABSENT:
Victor Ianno Steve Morgan
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nate Stevens, Treasurer Nancy Lowery, Secretary Karen Doster, Recording Secretary Alexis Rodriguez, Assistant Treasurer Jeff Davis, Barclay Damon Law Firm Brian Gerling, Barclay Damon Law Firm Matthew Pelligra, Office of Economic Development APPROVAL OF REGULAR MEETING MINUTES – OCTOBER 6, 2022 & OCTOBER 20,
Upon a motion by Fanny Villarreal, seconded by Victor Ianno, the OCIDA Board adjourned the meeting at 8:09 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary 3 page7
Onondaga County Industrial Development Agency Regular Meeting Minutes November 8, 2022 A regular meeting of the Onondaga County Industrial Development Agency was held on Tuesday, November 8, 2022 at 333 West Washington Street, Syracuse, New York in the large conference room on the first floor.
Patrick Hogan called the meeting to order at 8:00 am with the following:
PRESENT:
Patrick Hogan Janice Herzog Susan Stanczyk Kevin Ryan Fanny Villarreal
ABSENT:
Victor Ianno Steve Morgan
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nate Stevens, Treasurer Nancy Lowery, Secretary Karen Doster, Recording Secretary Alexis Rodriguez, Assistant Treasurer Jeff Davis, Barclay Damon Law Firm Brian Gerling, Barclay Damon Law Firm Matthew Pelligra, Office of Economic Development APPROVAL OF REGULAR MEETING MINUTES – OCTOBER 6, 2022 & OCTOBER 20,
Upon a motion by Susan Stanczyk, seconded by Fanny Villarreal, the OCIDA Board approved the regular meeting minutes of October 6, 2022 and special meeting minutes of October 20, 2022. Motion was carried.
TREASURER’S REPORT Nate Stevens gave a brief review of the Treasurer’s Report for the month of October 2022. Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board approved the Treasurer’s Report for the month of October 2022. Motion was carried.
page8 Upon a motion by Susan Stanczyk, seconded by Fanny Villarreal, the OCIDA Board approved the regular meeting minutes of October 6, 2022 and special meeting minutes of October 20, 2022. Motion was carried.
TREASURER’S REPORT Nate Stevens gave a brief review of the Treasurer’s Report for the month of October 2022. Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board approved the Treasurer’s Report for the month of October 2022. Motion was carried.
page8
Nate Stevens gave a brief review of the Payment of Bills Schedule #475 Upon a motion by Fanny Villarreal, seconded by Susan Stanczyk, the OCIDA Board approved the Payment of Bills Schedule #475 for $5,399,142.47 and PILOT payments to City of Syracuse for $1,510.14, Onondaga County for $970.99, Town of Onondaga for $3.03, Town of DeWitt for $14.88 and Jamesville DeWitt School District for $97.40. Motion was carried.
Nate Stevens gave a brief review of the Payment of Bills Schedule #475 Upon a motion by Fanny Villarreal, seconded by Susan Stanczyk, the OCIDA Board approved the Payment of Bills Schedule #475 for $5,399,142.47 and PILOT payments to City of Syracuse for $1,510.14, Onondaga County for $970.99, Town of Onondaga for $3.03, Town of DeWitt for $14.88 and Jamesville DeWitt School District for $97.40. Motion was carried.
The Conflict of Interest was circulated and there were no conflicts reported.
The Conflict of Interest was circulated and there were no conflicts reported.
James Trasher stated he is from CHA and representing Tocco Villaggio. He stated they are requesting sales and mortgage recording tax abatement. He stated inflation, cost of goods and labor all have increased. He stated they are not looking for PILOT. He stated it has previously been approved by the Town of Clay. He stated about 10 acres of commercial land would be developed separately as well as the townhomes that are adjacent.
Upon a motion by Susan Stanczyk, seconded by Fanny Villarreal, the OCIDA Board approved a resolution authoring a public hearing for the Tocco Villaggio III, LLC project. Motion was
carried.
James Trasher stated he is from CHA and representing Tocco Villaggio. He stated they are requesting sales and mortgage recording tax abatement. He stated inflation, cost of goods and labor all have increased. He stated they are not looking for PILOT. He stated it has previously been approved by the Town of Clay. He stated about 10 acres of commercial land would be developed separately as well as the townhomes that are adjacent.
Upon a motion by Susan Stanczyk, seconded by Fanny Villarreal, the OCIDA Board approved a resolution authoring a public hearing for the Tocco Villaggio III, LLC project. Motion was
carried.
Stephen Bowman stated the project consists of a 68 bed memory care community located at 3965 Medical Center Drive consisting of 36,000 square feet. He stated it is going to cost $81 million and this will be their 15th memory care community in Upstate New York. He stated the project addresses 2 IDA justifications in his opinion. He stated the market study shows the occupancy in 2 page9
Stephen Bowman stated the project consists of a 68 bed memory care community located at 3965 Medical Center Drive consisting of 36,000 square feet. He stated it is going to cost $81 million and this will be their 15th memory care community in Upstate New York. He stated the project addresses 2 IDA justifications in his opinion. He stated the market study shows the occupancy in 2 page9 memory care communities is 100% so there is no access to memory care services for new residents or patients. He stated secondly they are going to be the only enhanced living licensed for assisted living in that part of the county. He stated enhanced living is at a higher level and individuals have longer periods of stay so they are not forced prematurely to a nursing home. He stated because of the but/for test that includes a PILOT, sales tax and mortgage tax abatement, they would not be able to do the project. He stated he has developed 2 other projects identical to this building about 4-5 years ago but with inflation, interest rates and increase in utilities it is just exorbitant. He stated his project costs have gone up about $5 million in about 4 years. He stated Alzheimer’s and dementia is a crisis in our country and there are about 6 million Americans with Alzheimer’s today. He stated that number could be doubled in the next 10 years. He stated as an industry they are locked into a custodial modal of care and institution. He stated at Peregrine they try to develop a unique philosophy for memory care and address those unique needs. He stated in 5 years how do they measure if they did an effective job with the patient? He stated they struggled to answer that question but at the end of the day, inspired by Dr. Alzheimer himself, he thinks the goal of the program is to help individuals maintain a connection to themselves. He stated they know the disease of Alzheimer’s you lose your short term memory and how you help maintain a connection to themselves is done through long term memory. He stated it can be anything from storytelling, biographies and lectures not to teach people but to remind them of what they already know. He stated they have a chapel in every one of their buildings and is one of the only nondenominational religious inspired programs in the State because long term memories can be more powerful in religious memories. He stated they are going to create 150 construction jobs over 9 months and between 50 and 100 permanent positions based on the increased census over the next 24-36 months. He stated those are jobs with full benefits and health insurance.
memory care communities is 100% so there is no access to memory care services for new residents or patients. He stated secondly they are going to be the only enhanced living licensed for assisted living in that part of the county. He stated enhanced living is at a higher level and individuals have longer periods of stay so they are not forced prematurely to a nursing home. He stated because of the but/for test that includes a PILOT, sales tax and mortgage tax abatement, they would not be able to do the project. He stated he has developed 2 other projects identical to this building about 4-5 years ago but with inflation, interest rates and increase in utilities it is just exorbitant. He stated his project costs have gone up about $5 million in about 4 years. He stated Alzheimer’s and dementia is a crisis in our country and there are about 6 million Americans with Alzheimer’s today. He stated that number could be doubled in the next 10 years. He stated as an industry they are locked into a custodial modal of care and institution. He stated at Peregrine they try to develop a unique philosophy for memory care and address those unique needs. He stated in 5 years how do they measure if they did an effective job with the patient? He stated they struggled to answer that question but at the end of the day, inspired by Dr. Alzheimer himself, he thinks the goal of the program is to help individuals maintain a connection to themselves. He stated they know the disease of Alzheimer’s you lose your short term memory and how you help maintain a connection to themselves is done through long term memory. He stated it can be anything from storytelling, biographies and lectures not to teach people but to remind them of what they already know. He stated they have a chapel in every one of their buildings and is one of the only nondenominational religious inspired programs in the State because long term memories can be more powerful in religious memories. He stated they are going to create 150 construction jobs over 9 months and between 50 and 100 permanent positions based on the increased census over the next 24-36 months. He stated those are jobs with full benefits and health insurance.
Pat Hogan stated in the market study it says 26% of the 75 year old and plus population has some kind of Alzheimer’s. Stephen Bowman stated it is a really challenging question because if that is true based on his generation, he is 64 years old, then in 10 years we will have about 30 million Americans with Alzheimer’s or dementia. He stated maybe not quite that high but if it is, it is going to be devastating and will redefine characteristics of American society. He stated 30 million people living in institutional memory care communities is really going to have a dramatic effect on our finances, on our programming and on our family life.
3 page10 Pat Hogan stated there is certainly a great need and if anybody has been through it would understand.
Susan Stanczyk asked where the other facilities are. Stephen Bowman stated they have 8 in the capital district and facilities in Rochester and Buffalo as well as one out of state. He stated they want to stay closer to home in New York State. He stated it is challenging at times but meaningful at times as well.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authoring a public hearing for the Peregrine Holdings LLC project. Motion was
carried.
Pat Hogan stated in the market study it says 26% of the 75 year old and plus population has some kind of Alzheimer’s. Stephen Bowman stated it is a really challenging question because if that is true based on his generation, he is 64 years old, then in 10 years we will have about 30 million Americans with Alzheimer’s or dementia. He stated maybe not quite that high but if it is, it is going to be devastating and will redefine characteristics of American society. He stated 30 million people living in institutional memory care communities is really going to have a dramatic effect on our finances, on our programming and on our family life.
3 page10 Pat Hogan stated there is certainly a great need and if anybody has been through it would understand.
Susan Stanczyk asked where the other facilities are. Stephen Bowman stated they have 8 in the capital district and facilities in Rochester and Buffalo as well as one out of state. He stated they want to stay closer to home in New York State. He stated it is challenging at times but meaningful at times as well.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authoring a public hearing for the Peregrine Holdings LLC project. Motion was
carried.
Robert Petrovich stated back in 2015 Bond Schoeneck & King represented both the IDA and the
applicant on this project. He stated through a search of records we determined that was actually the case. He stated those approvals were granted on both sides of the transaction. He stated Mr. Reichel is here to talk about the request.
Paul Reichel stated this project is at Hancock Airpark and the original construction of GA Braun’s manufacturing facility was in 2007. He stated in 2015 they did an expansion of the facility and those bonds are variable rate based on the LIBOR index. He stated LIBOR is being eliminated and will no longer be available the beginning of June 2023 so any bonds or loans that bear interest based on LIBOR need to be amended to replace the LIBOR index with an alternative and in this case it is SOFR. He stated the documents need LIBOR pulled and add SOFR. He stated M & T holds the bonds and will also be extending the period they will hold them by one year as it gets worked through. He stated it is basic amendments to existing bond documents.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution approving certain Bond modifications for the GA Braun project and selecting Bond, Schoeneck & King as bond counsel for the bond modifications. Motion was carried. 4 page11 Robert Petrovich stated back in 2015 Bond Schoeneck & King represented both the IDA and the
applicant on this project. He stated through a search of records we determined that was actually the case. He stated those approvals were granted on both sides of the transaction. He stated Mr. Reichel is here to talk about the request.
Paul Reichel stated this project is at Hancock Airpark and the original construction of GA Braun’s manufacturing facility was in 2007. He stated in 2015 they did an expansion of the facility and those bonds are variable rate based on the LIBOR index. He stated LIBOR is being eliminated and will no longer be available the beginning of June 2023 so any bonds or loans that bear interest based on LIBOR need to be amended to replace the LIBOR index with an alternative and in this case it is SOFR. He stated the documents need LIBOR pulled and add SOFR. He stated M & T holds the bonds and will also be extending the period they will hold them by one year as it gets worked through. He stated it is basic amendments to existing bond documents.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution approving certain Bond modifications for the GA Braun project and selecting Bond, Schoeneck & King as bond counsel for the bond modifications. Motion was carried. 4 page11
Jeff Davis stated as OYA Camillus B was going through a construction financing due diligence, it was identified a single metes and bounds description in the lease area was incorrect. He stated that had to be modified so they are back before the Board to modify the documents because there is a lease off of that. He stated it is a relatively simple resolution authorizing the amendments to existing OCIDA documents to address a change in the lease description. He stated SEQR was already done and the resolution before the Board does not change the SEQR determination. Upon a motion by Fanny Villarreal, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing an omnibus amendment and any related documents to amend the legal description of the straight lease transaction documents. Motion was carried.
Jeff Davis stated as OYA Camillus B was going through a construction financing due diligence, it was identified a single metes and bounds description in the lease area was incorrect. He stated that had to be modified so they are back before the Board to modify the documents because there is a lease off of that. He stated it is a relatively simple resolution authorizing the amendments to existing OCIDA documents to address a change in the lease description. He stated SEQR was already done and the resolution before the Board does not change the SEQR determination. Upon a motion by Fanny Villarreal, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing an omnibus amendment and any related documents to amend the legal description of the straight lease transaction documents. Motion was carried.
Jeff Davis stated the Abundant Solar project in Elbridge has two things that are being approved in this proposed resolution. He stated the first is the transfer in ownership of the underlying LLC. He stated on the backend of the LLC there is a series of transactions and transfers ultimately ending up with the Solar Partnership LLC being the 100% membership owner of the entity. He stated the Agency has the agreement and documents with Solarized New York Holdings LLC. He stated it is an ownership member change. He stated as part of completing the process in Elbridge there is a change in the lease as well. He stated there are no changes to the SEQR determination.
Noah Siegel stated they are nearing the end of construction and everything will be up and running by the end of the year. He stated it was a pleasure working with the Town and the IDA. He stated he would like the Board to come visit the site and they will be having a ribbon cutting hopefully before the snow comes Patrick Hogan asked if they foresee any other changes. Noah Seigel stated not at this time. 5 page12
Jeff Davis stated the Abundant Solar project in Elbridge has two things that are being approved in this proposed resolution. He stated the first is the transfer in ownership of the underlying LLC. He stated on the backend of the LLC there is a series of transactions and transfers ultimately ending up with the Solar Partnership LLC being the 100% membership owner of the entity. He stated the Agency has the agreement and documents with Solarized New York Holdings LLC. He stated it is an ownership member change. He stated as part of completing the process in Elbridge there is a change in the lease as well. He stated there are no changes to the SEQR determination.
Noah Siegel stated they are nearing the end of construction and everything will be up and running by the end of the year. He stated it was a pleasure working with the Town and the IDA. He stated he would like the Board to come visit the site and they will be having a ribbon cutting hopefully before the snow comes Patrick Hogan asked if they foresee any other changes. Noah Seigel stated not at this time. 5 page12 Upon a motion by Susan Stanczyk, seconded by Fanny Villarreal, the OCIDA Board approved a resolution consenting to the sale of membership interest of a company with a current straight- lease transaction and authorizing an omnibus amendment and any related documents to amend the legal description of the straight-lease transaction documents. Motion was carried. WHITE PINE PROPERTY – AUTHORIZATION OF ACTIVITIES Upon a motion by Susan Stanczyk, seconded by Fanny Villarreal, the OCIDA Board approved a resolution consenting to the sale of membership interest of a company with a current straight- lease transaction and authorizing an omnibus amendment and any related documents to amend the legal description of the straight-lease transaction documents. Motion was carried. WHITE PINE PROPERTY – AUTHORIZATION OF ACTIVITIES Robert Petrovich stated the White Pine site has been designated for investment by Micron of up to $100 billion over 20 years. He stated the IDA still owns the property and will own it for the foreseeable short term. He stated staff is interested in additional site readiness of the property and what that means is we want to be in a position to complete necessary work in support of ultimately transferring property to Micron. He stated things we will have to undertake a number of interrelated tasks. He stated a boundary survey needs to be done for the property, we need to consolidate all the different tax parcels into one tax parcel and we need to do a topographic survey as well to be able to provide it to the construction team for site layout. He stated in addition we have a number of houses along Burnet Road and other locations on White Pine that are vacant and are attractive nuisances so staff would like to advance the work necessary to remove those houses. He stated pre-demolition surveys for asbestos and asbestos abatement is necessary. He stated the houses would be demolished or work with local fire departments who have expressed an interest in doing controlled burns such that they can provide training to their personnel involving properties they are not familiar with. He stated they do have controlled burn facilities in other locations but they know those facilities inside and out so doing something in a facility they are not familiar with is advantageous to them. He stated it is these kinds of activities he would like to get ready to go through a procurement policy.
Robert Petrovich stated the White Pine site has been designated for investment by Micron of up to $100 billion over 20 years. He stated the IDA still owns the property and will own it for the foreseeable short term. He stated staff is interested in additional site readiness of the property and what that means is we want to be in a position to complete necessary work in support of ultimately transferring property to Micron. He stated things we will have to undertake a number of interrelated tasks. He stated a boundary survey needs to be done for the property, we need to consolidate all the different tax parcels into one tax parcel and we need to do a topographic survey as well to be able to provide it to the construction team for site layout. He stated in addition we have a number of houses along Burnet Road and other locations on White Pine that are vacant and are attractive nuisances so staff would like to advance the work necessary to remove those houses. He stated pre-demolition surveys for asbestos and asbestos abatement is necessary. He stated the houses would be demolished or work with local fire departments who have expressed an interest in doing controlled burns such that they can provide training to their personnel involving properties they are not familiar with. He stated they do have controlled burn facilities in other locations but they know those facilities inside and out so doing something in a facility they are not familiar with is advantageous to them. He stated it is these kinds of activities he would like to get ready to go through a procurement policy.
Jeff Davis stated this resolution authorizes using the existing engineer under their current scope which is consistent with this in terms of preparing and prepping a site to create the bid packages. He stated the Board is also authorizing the use of the County to process the public bid process should we go down that road to free up staff time. He stated the County has offered to run the public bid that would ultimately come back to Board for any approval of expenditure of funds. He stated they will take the public bid, bids will come back to us, we would identify who the lowest bidders are and come back to the Board to authorize the use of funds for anything with regard to abatement contracting, demolition of homes etc. He stated all of this is consistent with 6 page13 the SEQR Environmental review that was done to make it a marketable facility to get to where we are. He stated this is just procedural steps and actual expenditure of the money will come back before the Board.
Patrick Hogan stated this is amazing and wanted to thank his colleagues on the Board and certainly the staff and County Executive. He stated this is largest private investment in the history of the country.
Jeff Davis stated this resolution authorizes using the existing engineer under their current scope which is consistent with this in terms of preparing and prepping a site to create the bid packages. He stated the Board is also authorizing the use of the County to process the public bid process should we go down that road to free up staff time. He stated the County has offered to run the public bid that would ultimately come back to Board for any approval of expenditure of funds. He stated they will take the public bid, bids will come back to us, we would identify who the lowest bidders are and come back to the Board to authorize the use of funds for anything with regard to abatement contracting, demolition of homes etc. He stated all of this is consistent with 6 page13 the SEQR Environmental review that was done to make it a marketable facility to get to where we are. He stated this is just procedural steps and actual expenditure of the money will come back before the Board.
Patrick Hogan stated this is amazing and wanted to thank his colleagues on the Board and certainly the staff and County Executive. He stated this is largest private investment in the history of the country.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the Executive Director to (i) (A) engage Ramboll, a previously approved engineering firm supporting the White Pine property, to commence the development of bid/procurement package(s) for the inspection, abatement and potential demolition of vacant Agency-owned structures at the White Pine property (B) utilize the Onondaga County Division of Purchase to manage such public bidding related to Agency public bids for the White Pine property; (ii) engage Ramboll to procure, select, coordinate and oversee subcontract(s) for survey and topographic work at the White Pine property; (iii) complete any necessary regulatory and permitting requirements and engage in discussions for possible arrangement with the Town of Clay Fire Department to conduct controlled burns of certain structures at the White Pine property to support training of fire department personnel, as requested by the Town of Clay Fire Department. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the Executive Director to (i) (A) engage Ramboll, a previously approved engineering firm supporting the White Pine property, to commence the development of bid/procurement package(s) for the inspection, abatement and potential demolition of vacant Agency-owned structures at the White Pine property (B) utilize the Onondaga County Division of Purchase to manage such public bidding related to Agency public bids for the White Pine property; (ii) engage Ramboll to procure, select, coordinate and oversee subcontract(s) for survey and topographic work at the White Pine property; (iii) complete any necessary regulatory and permitting requirements and engage in discussions for possible arrangement with the Town of Clay Fire Department to conduct controlled burns of certain structures at the White Pine property to support training of fire department personnel, as requested by the Town of Clay Fire Department. Motion was carried.
SERVICES.
Robert Petrovich stated consistent with all the activity that we have seen relative to White Pine and even beyond the scope of White Pine there are a number of potential opportunities that the IDA Board will be contemplating in the future relating to Tier 1, 2 and 3 supply chains in support of the semiconductor industry. He state there is a need for public relations and marketing services in general. He stated we have probably always had that need but it has been exasperated with White Pine. He stated we need to be out in front with these particular issues. He stated consistent with how we retain a stable of legal expertise and technical expertise with the RFP process, we will have a stable of firms that we can use depending upon the specific project, relationships and conflict of interest that come up periodically. He stated we are seeking 7 page14 to issue an RFP for these types of services that will be provided by potentially any of the stable of however many firms potentially respond and use those firms as opportunities present themselves. He stated staff recommends issuing the RFP with the Boards authorization. Upon a motion by Fanny Villarreal, seconded by Janice Herzog , the OCIDA Board approved a resolution authorizing the issuance of a RFP for public relations/marketing services. Motion was
carried.
SERVICES.
Robert Petrovich stated consistent with all the activity that we have seen relative to White Pine and even beyond the scope of White Pine there are a number of potential opportunities that the IDA Board will be contemplating in the future relating to Tier 1, 2 and 3 supply chains in support of the semiconductor industry. He state there is a need for public relations and marketing services in general. He stated we have probably always had that need but it has been exasperated with White Pine. He stated we need to be out in front with these particular issues. He stated consistent with how we retain a stable of legal expertise and technical expertise with the RFP process, we will have a stable of firms that we can use depending upon the specific project, relationships and conflict of interest that come up periodically. He stated we are seeking 7 page14 to issue an RFP for these types of services that will be provided by potentially any of the stable of however many firms potentially respond and use those firms as opportunities present themselves. He stated staff recommends issuing the RFP with the Boards authorization. Upon a motion by Fanny Villarreal, seconded by Janice Herzog , the OCIDA Board approved a resolution authorizing the issuance of a RFP for public relations/marketing services. Motion was
carried.
Jeff Davis stated he would request the motion for the Board to go into Legal Advice Session with regard to a discussion on legalities of accepting Onondaga County funding immediately followed by Executive Session which would be for the purpose of discussing the purchase of real property. Upon a motion by Susan Stanczyk, seconded by Fanny Villarreal, the OCIDA Board went into Legal Advice and Executive Session at 8:31 am. Motion was carried.
Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board adjourned Legal Advice and Executive session at 8:59 am. Motion was carried.
Jeff Davis stated he would request the motion for the Board to go into Legal Advice Session with regard to a discussion on legalities of accepting Onondaga County funding immediately followed by Executive Session which would be for the purpose of discussing the purchase of real property. Upon a motion by Susan Stanczyk, seconded by Fanny Villarreal, the OCIDA Board went into Legal Advice and Executive Session at 8:31 am. Motion was carried.
Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board adjourned Legal Advice and Executive session at 8:59 am. Motion was carried.
Upon a motion by Janice Herzog, seconded by Fanny Villarreal, the OCIDA Board approved a resolution authorizing and ratifying the Executive Director to enter into a contract amendment with Onondaga County in connection with assisting economic development efforts of OCIDA. Motion was carried.
Upon a motion by Janice Herzog, seconded by Fanny Villarreal, the OCIDA Board approved a resolution authorizing and ratifying the Executive Director to enter into a contract amendment with Onondaga County in connection with assisting economic development efforts of OCIDA. Motion was carried.
8 page15 Jeff Davis stated this property is in the White Pine Commerce Park expanded area and would be part of the Draft Supplemental GEIS, Final Supplemental GEIS and part of the Findings Statement of the acquisition of the land consistent with the Findings Statement, the draft supplemental GEIS and Final Supplemental GEIS . He stated it has been previously determined among reasonable alternatives this avoids any adverse environmental effects to the maximum extent practical and the acquisition of the property will be carried out in accordance with those conditions and thresholds established in the Final Supplemental GEIS and the Findings Statement.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the adoption of SEQR determination. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the Executive Director to enter into a purchase contract and any related documents with respect to one parcel of property. Motion was carried.
8 page15 Jeff Davis stated this property is in the White Pine Commerce Park expanded area and would be part of the Draft Supplemental GEIS, Final Supplemental GEIS and part of the Findings Statement of the acquisition of the land consistent with the Findings Statement, the draft supplemental GEIS and Final Supplemental GEIS . He stated it has been previously determined among reasonable alternatives this avoids any adverse environmental effects to the maximum extent practical and the acquisition of the property will be carried out in accordance with those conditions and thresholds established in the Final Supplemental GEIS and the Findings Statement.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the adoption of SEQR determination. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the Executive Director to enter into a purchase contract and any related documents with respect to one parcel of property. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board adjourned the meeting at 9:01 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary 9 page16
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board adjourned the meeting at 9:01 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary 9 page16
PHONE: 315.435.3770 • FAX: 315.435.3669 November 30, 2022
Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating Revenue 18,755 2,403,419 1,444,000 959,419 Operating Expense 121,525 625,424 800,000 (174,576) Program Expense 115,947 1,114,708 644,000 470,708 Net Ordinary Income (218,717) 663,287 - 663,287
PHONE: 315.435.3770 • FAX: 315.435.3669 November 30, 2022
Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating Revenue 18,755 2,403,419 1,444,000 959,419 Operating Expense 121,525 625,424 800,000 (174,576) Program Expense 115,947 1,114,708 644,000 470,708 Net Ordinary Income (218,717) 663,287 - 663,287 Current Assets Current YTD Prior YTD Total Cash 4,191,077 2,931,553 Less Pass Through Received - 76,974 Available Cash 4,191,077 2,854,579 Receivables (less pass through rec.) 149,691 14,000 Grant Reimbursements - - Total 4,340,768 2,868,579 Receivables 0-120 days 149,691 > 120 days - Total 149,691 page17 Onondaga County Industrial Development Agency Profit and Loss November 2022 Current Assets Current YTD Prior YTD Total Cash 4,191,077 2,931,553 Less Pass Through Received - 76,974 Available Cash 4,191,077 2,854,579 Receivables (less pass through rec.) 149,691 14,000 Grant Reimbursements - - Total 4,340,768 2,868,579 Receivables 0-120 days 149,691 > 120 days - Total 149,691 page17 Onondaga County Industrial Development Agency Profit and Loss November 2022
Income
2116.1 Agency Fees 14,640.00 2116.2 Application Fees 3,000.00 Total 2116 Fees 17,640.00 2410 Lease Income 750.00 Total 500 Operating Revenue 18,390.00
2401 Interest Income 365.26 Total 501 Non-Operating Revenue 365.26
528 Pass thru Income 2,910.00 Total 534 Pilot & Pass Thru Revenue 2,910.00 Total Income $21,665.26 GROSS PROFIT $21,665.26 Expenses
6402 Rent 13,400.35
6406.50 Consulting Services 2,500.00 Total 6406 Other Professional Services 2,500.00 6407 Administrative Expense 121,525.46 6408 Meeting Expenses 397.09 6410 Office Expense 2,231.96 6411 Memberships / Sponsorships 2,000.00 Total 6400 Operating Expense 142,054.86
6480 Roth Legal 15.00 Total 6450 Barclay Damon 15.00 Total 6440 Legal Fees 15.00
6510.3 Legal 75,418.86 6510.5 Insurance 3,930.98 6510.7 WPCP Marketing 16,052.42 Total 6510 White Pine Commerce Park 95,402.26 Total 6500 Agency Program Expenses 95,402.26
Income
2116.1 Agency Fees 14,640.00 2116.2 Application Fees 3,000.00 Total 2116 Fees 17,640.00 2410 Lease Income 750.00 Total 500 Operating Revenue 18,390.00
2401 Interest Income 365.26 Total 501 Non-Operating Revenue 365.26
528 Pass thru Income 2,910.00 Total 534 Pilot & Pass Thru Revenue 2,910.00 Total Income $21,665.26 GROSS PROFIT $21,665.26 Expenses
6402 Rent 13,400.35
6406.50 Consulting Services 2,500.00 Total 6406 Other Professional Services 2,500.00 6407 Administrative Expense 121,525.46 6408 Meeting Expenses 397.09 6410 Office Expense 2,231.96 6411 Memberships / Sponsorships 2,000.00 Total 6400 Operating Expense 142,054.86
6480 Roth Legal 15.00 Total 6450 Barclay Damon 15.00 Total 6440 Legal Fees 15.00
6510.3 Legal 75,418.86 6510.5 Insurance 3,930.98 6510.7 WPCP Marketing 16,052.42 Total 6510 White Pine Commerce Park 95,402.26 Total 6500 Agency Program Expenses 95,402.26 page18 Accrual Basis Tuesday, December 13, 2022 11:22 AM GMT-05:00 1/2 Onondaga County Industrial Development Agency Profit and Loss November 2022
6605.1 Pass thru Expense 2,910.00 Total 6605 Pilot & Pass Thru Expenses 2,910.00 Total 6600 Non-Operating Expenses 2,910.00 Total Expenses $240,382.12 NET OPERATING INCOME $ -218,716.86 NET INCOME $ -218,716.86 page19 Accrual Basis Tuesday, December 13, 2022 11:22 AM GMT-05:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of November 30, 2022 page18 Accrual Basis Tuesday, December 13, 2022 11:22 AM GMT-05:00 1/2 Onondaga County Industrial Development Agency Profit and Loss November 2022
6605.1 Pass thru Expense 2,910.00 Total 6605 Pilot & Pass Thru Expenses 2,910.00 Total 6600 Non-Operating Expenses 2,910.00 Total Expenses $240,382.12 NET OPERATING INCOME $ -218,716.86 NET INCOME $ -218,716.86 page19 Accrual Basis Tuesday, December 13, 2022 11:22 AM GMT-05:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of November 30, 2022
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 3,309,301.77 200.2 Cash - M & T Money Maker Savings 890,683.07 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 4,191,077.02 Total Bank Accounts $4,191,077.02 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 149,691.00 Total 380 Accounts Rec. 149,691.00 Total Accounts Receivable $149,691.00 Total Current Assets $4,340,768.02 Fixed Assets
101 White Pines Commerce Park 22,702,568.34
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 24,509,312.87 106 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 25,765,658.37
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 3,309,301.77 200.2 Cash - M & T Money Maker Savings 890,683.07 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 4,191,077.02 Total Bank Accounts $4,191,077.02 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 149,691.00 Total 380 Accounts Rec. 149,691.00 Total Accounts Receivable $149,691.00 Total Current Assets $4,340,768.02 Fixed Assets
101 White Pines Commerce Park 22,702,568.34
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 24,509,312.87 106 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 25,765,658.37 page20 Accrual Basis Tuesday, December 13, 2022 11:27 AM GMT-05:00 1/3 Onondaga County Industrial Development Agency Balance Sheet As of November 30, 2022
104.1 Office Furniture 1,429.00 104.2 Equipment 4,589.00 Total 104 Machinery & Equipment 6,018.00 211 A/D Office Furniture -3,493.00 213 A/D Buildings -97,603.00 250 Investment in Real Property 6,180,006.00 Total Fixed Assets $31,850,586.37 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $36,192,996.15 page20 Accrual Basis Tuesday, December 13, 2022 11:27 AM GMT-05:00 1/3 Onondaga County Industrial Development Agency Balance Sheet As of November 30, 2022
104.1 Office Furniture 1,429.00 104.2 Equipment 4,589.00 Total 104 Machinery & Equipment 6,018.00 211 A/D Office Furniture -3,493.00 213 A/D Buildings -97,603.00 250 Investment in Real Property 6,180,006.00 Total Fixed Assets $31,850,586.37 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $36,192,996.15
Liabilities Current Liabilities Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 625,423.70 600.102 Due to BD WPCP 42,216.66 600.204 OHB Redev LLC Funds 400,000.00 600.205 Exp Pay Prev Period 13,521.03 600.206 Mileage Reimbursement 92.34 600.208 BlueRock Energy Agreement Deposit 25,000.00 600.209 Syracuse Rail Overpayment 500.00 600.3 Onondaga County Loan 22,959,627.06 600.31 Accrued Interest - OC Note Payable 2,129.00 Total 600.3 Onondaga County Loan 22,961,756.06 Total 600 Accounts Payable 24,068,509.79
602 Pass Thru Payable -525,000.00 603 PILOT Pass Thru 527,596.45 604 Other Pass Thrus -0.30 Total 601 PILOT and Pass Thru Payable 2,596.15
631.12 Dewitt -14.88 631.145 Onondaga -3.03 Total 631.1 Towns -17.91
631.325 Jamesville-Dewitt -97.40 631.356 Syracuse 0.01
Liabilities Current Liabilities Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 625,423.70 600.102 Due to BD WPCP 42,216.66 600.204 OHB Redev LLC Funds 400,000.00 600.205 Exp Pay Prev Period 13,521.03 600.206 Mileage Reimbursement 92.34 600.208 BlueRock Energy Agreement Deposit 25,000.00 600.209 Syracuse Rail Overpayment 500.00 600.3 Onondaga County Loan 22,959,627.06 600.31 Accrued Interest - OC Note Payable 2,129.00 Total 600.3 Onondaga County Loan 22,961,756.06 Total 600 Accounts Payable 24,068,509.79
602 Pass Thru Payable -525,000.00 603 PILOT Pass Thru 527,596.45 604 Other Pass Thrus -0.30 Total 601 PILOT and Pass Thru Payable 2,596.15
631.12 Dewitt -14.88 631.145 Onondaga -3.03 Total 631.1 Towns -17.91
631.325 Jamesville-Dewitt -97.40 631.356 Syracuse 0.01 page21 Accrual Basis Tuesday, December 13, 2022 11:27 AM GMT-05:00 2/3 Onondaga County Industrial Development Agency Balance Sheet As of November 30, 2022
Total 631.3 Schools -97.39 631.4 Onondaga County -970.99 631.5 City of Syracuse -1,510.13 Total 631 Due to Other Governments -2,596.42 Total Other Current Liabilities $24,068,509.52 Total Current Liabilities $24,068,509.52 Total Liabilities $24,068,509.52 Equity 3900 Equity Unreserved 8,742,531.91 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 409,077.93 465 Equity - Unreserved -36,248.93 Net Income 663,287.09 Total Equity $12,124,486.63 TOTAL LIABILITIES AND EQUITY $36,192,996.15 page21 Accrual Basis Tuesday, December 13, 2022 11:27 AM GMT-05:00 2/3 Onondaga County Industrial Development Agency Balance Sheet As of November 30, 2022
Total 631.3 Schools -97.39 631.4 Onondaga County -970.99 631.5 City of Syracuse -1,510.13 Total 631 Due to Other Governments -2,596.42 Total Other Current Liabilities $24,068,509.52 Total Current Liabilities $24,068,509.52 Total Liabilities $24,068,509.52 Equity 3900 Equity Unreserved 8,742,531.91 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 409,077.93 465 Equity - Unreserved -36,248.93 Net Income 663,287.09 Total Equity $12,124,486.63 TOTAL LIABILITIES AND EQUITY $36,192,996.15 page22 Accrual Basis Tuesday, December 13, 2022 11:27 AM GMT-05:00 3/3 page22 Accrual Basis Tuesday, December 13, 2022 11:27 AM GMT-05:00 3/3
PAYMENT OF BILLS - SCHEDULE #476 December 20, 2022
PAYMENT OF BILLS - SCHEDULE #476 December 20, 2022
1. ADVANCE MEDIA NEW YORK* $ 130.60 Cryomech, Inc. Public Hearing Notice 2. PARK STRATEGIES, LLC* $ 2,500.00 Monthly Consulting Services, Inv#16587349 3. SITE SELECTORS GUILD, INC.** $ 6,900.00
4. NATIONWIDE*** $ 1,965.49 Commercial Liability Insurance Premium, Acct#7J2551 5. CRYSTAL ROCK**** $ 43.52 Inv#22196031, 11-27-22, Water 6. BARCLAY DAMON LLP***** $ 2,140,557.16 Land Purchase 7. ROBERT PETROVICH $ 75.96 Meeting Mileage 8. BARCLAY DAMON LLP $ 54,791.33 WPCP Real Estate, Inv#'s 5178035, 5178034, 5202766 9. BARCLAY DAMON LLP $ 1,056.25 WPCP Environmental, Inv#5208099 10. FEDEX $ 23.62 Inv#7-952-98486, 7-959-74232, 7-965-60131 11. BARCLAY DAMON LLP $ 42,938.00 OHB Redev, Inv#5214756 12. NAFTZ $ 1,250.00 Annual Membership Fee, Inv#200770 13. ADVANCE MEDIA NEW YORK $ 193.96 Inv#0002944960, Public Hearing Notices 1
1. ADVANCE MEDIA NEW YORK* $ 130.60 Cryomech, Inc. Public Hearing Notice 2. PARK STRATEGIES, LLC* $ 2,500.00 Monthly Consulting Services, Inv#16587349 3. SITE SELECTORS GUILD, INC.** $ 6,900.00
4. NATIONWIDE*** $ 1,965.49 Commercial Liability Insurance Premium, Acct#7J2551 5. CRYSTAL ROCK**** $ 43.52 Inv#22196031, 11-27-22, Water 6. BARCLAY DAMON LLP***** $ 2,140,557.16 Land Purchase 7. ROBERT PETROVICH $ 75.96 Meeting Mileage 8. BARCLAY DAMON LLP $ 54,791.33 WPCP Real Estate, Inv#'s 5178035, 5178034, 5202766 9. BARCLAY DAMON LLP $ 1,056.25 WPCP Environmental, Inv#5208099 10. FEDEX $ 23.62 Inv#7-952-98486, 7-959-74232, 7-965-60131 11. BARCLAY DAMON LLP $ 42,938.00 OHB Redev, Inv#5214756 12. NAFTZ $ 1,250.00 Annual Membership Fee, Inv#200770 13. ADVANCE MEDIA NEW YORK $ 193.96 Inv#0002944960, Public Hearing Notices 1 Schedule #476 14. CEG OF THE CAPITAL REGION, INC. $ 2,050.00 Event Sponsorships, Inv#'s 679343, 679441 15. THOMAS E. FARLEY AND AMY M. FARLEY $ 300,000.00 Land Purchase 16. PARK STRATEGIES, LLC $ 2,500.00 Monthly Consulting Services, Inv#16587497 17. NYS ECONOMIC DEVELOPMENT COUNCIL $ 2,000.00
18. RAMBOLL AMERICAS ENGINEERING SOLUTIONS, INC. $ 26,663.75 WPCP Site Development, Inv#'s 1940015853, 1940016825 TOTAL $ 2,585,639.64 *Ratification of Checks dated November 14, 2022 **Ratification of Check dated November 15, 2022 ***Ratification of Check dated November 29, 2022 ****Ratification of Check dated December 2, 2022 *****Ratification of Check dated December 5, 2022 2 Schedule #476 14. CEG OF THE CAPITAL REGION, INC. $ 2,050.00 Event Sponsorships, Inv#'s 679343, 679441 15. THOMAS E. FARLEY AND AMY M. FARLEY $ 300,000.00 Land Purchase 16. PARK STRATEGIES, LLC $ 2,500.00 Monthly Consulting Services, Inv#16587497 17. NYS ECONOMIC DEVELOPMENT COUNCIL $ 2,000.00
18. RAMBOLL AMERICAS ENGINEERING SOLUTIONS, INC. $ 26,663.75 WPCP Site Development, Inv#'s 1940015853, 1940016825 TOTAL $ 2,585,639.64 *Ratification of Checks dated November 14, 2022 **Ratification of Check dated November 15, 2022 ***Ratification of Check dated November 29, 2022 ****Ratification of Check dated December 2, 2022 *****Ratification of Check dated December 5, 2022 2
PAYMENT OF BILLS - SCHEDULE #476 December 20, 2022 PILOT Payments 1. NYS&W RAILWAY CORPORATION* $ 2,910.00 Lamar Billboard Pass Thru Payment 2022 TOTAL $2,910.00 *Ratification of Check dated November 9, 2022 1 page25 Onondaga County Industrial Development Agency Project Summary Draft 10/17/2022 1. Project Cryomech Expansion Project 2. Project Number 3101-22-08A 3. Location DeWitt 4. School District East Syracuse Minoa School District 6. Project Type New Construction and Expansion/Addition to Current Facilities 5. Tax Parcel(s) 022.-05.19.0, 022.-05-03.1, 022.-05-02.3 Village 0
PAYMENT OF BILLS - SCHEDULE #476 December 20, 2022 PILOT Payments 1. NYS&W RAILWAY CORPORATION* $ 2,910.00 Lamar Billboard Pass Thru Payment 2022 TOTAL $2,910.00 *Ratification of Check dated November 9, 2022 1 page25 Onondaga County Industrial Development Agency Project Summary Draft 10/17/2022 1. Project Cryomech Expansion Project 2. Project Number 3101-22-08A 3. Location DeWitt 4. School District East Syracuse Minoa School District 6. Project Type New Construction and Expansion/Addition to Current Facilities 5. Tax Parcel(s) 022.-05.19.0, 022.-05-03.1, 022.-05-02.3 Village 0 7.Total Project Cost $ 16,798,350.00 8. Total Jobs 181 Land $ 400,000 8A. Job Retention 166 Site Work $ 795,000 8B: Job Creation 15 Building $ 12,426,000 (Next 5 Years) Furniture & Fixtures $ 2,727,350 Equipment $ - Equipment Subject to NYS Production Exemption $ - Engineering/Architecture Fees $ 450,000 Financial Charges $ - Legal Fees $ - Other $ - Investment/Abatement Summary Cryomech Expansion Project Project Description Fiscal Impact ($) Estimated Abatement $1,067,176 Sales Tax Abatement $637,934 Mortgage Recording Tax Abatement $105,200 Real Property Tax Relief $324,042 7.Total Project Cost $ 16,798,350.00 8. Total Jobs 181 Land $ 400,000 8A. Job Retention 166 Site Work $ 795,000 8B: Job Creation 15 Building $ 12,426,000 (Next 5 Years) Furniture & Fixtures $ 2,727,350 Equipment $ - Equipment Subject to NYS Production Exemption $ - Engineering/Architecture Fees $ 450,000 Financial Charges $ - Legal Fees $ - Other $ - Investment/Abatement Summary Cryomech Expansion Project Project Description Fiscal Impact ($) Estimated Abatement $1,067,176 Sales Tax Abatement $637,934 Mortgage Recording Tax Abatement $105,200 Real Property Tax Relief $324,042 New Investment $104,796,430 This project consists of the acquisition of approximately 12.5 additional acres from portions of PILOT Payments $1,314,771 the adjacent parcels; (tax ID 022.-05-03.1 and 022.-05-02.3) to construct an expansion of Project Wages (10 years) $70,033,320 roughly 30,000 SF of manufacturing space and 4,000 SF of office space at the existing 76,000 SF Construction Wages $707,363 Cryomech, Inc, facility located at 6682 Moore Road in Dewitt, NY (tax ID 022.-05-19.0); it is assumed that all three parcels will be combined through a subdivision process at some point Employee Benefits (10 years) $18,908,996 during the expansion. Project Capital Investment $13,621,000 Agency Fees $210,979 Investment: Abatement Ratio 98.20 :1 Copyright Onondaga County Industry Development Agency, All Rights Reserved page26 New Investment $104,796,430 This project consists of the acquisition of approximately 12.5 additional acres from portions of PILOT Payments $1,314,771 the adjacent parcels; (tax ID 022.-05-03.1 and 022.-05-02.3) to construct an expansion of Project Wages (10 years) $70,033,320 roughly 30,000 SF of manufacturing space and 4,000 SF of office space at the existing 76,000 SF Construction Wages $707,363 Cryomech, Inc, facility located at 6682 Moore Road in Dewitt, NY (tax ID 022.-05-19.0); it is assumed that all three parcels will be combined through a subdivision process at some point Employee Benefits (10 years) $18,908,996 during the expansion. Project Capital Investment $13,621,000 Agency Fees $210,979 Investment: Abatement Ratio 98.20 :1 Copyright Onondaga County Industry Development Agency, All Rights Reserved page26 Cryomech Expansion Project 10/6/2022 A) PILOTS Estimate Table Worksheet DRAFT for 10 years OCIDA estimate of current market value $ 101,217 Projected investment $ 12,426,000 OCIDA estimate of increase in value $ 1,634,537 OCIDA estimated value after project is completed $ 1,735,754 Taxes that would have been collected if the project did not occur $ 37,600 Scheduled PILOT payments $ 1,314,771 Cryomech Expansion Project 10/6/2022 A) PILOTS Estimate Table Worksheet DRAFT for 10 years OCIDA estimate of current market value $ 101,217 Projected investment $ 12,426,000 OCIDA estimate of increase in value $ 1,634,537 OCIDA estimated value after project is completed $ 1,735,754 Taxes that would have been collected if the project did not occur $ 37,600 Scheduled PILOT payments $ 1,314,771 Net East Syracuse Full Tax Onondaga Exemption PILOT YEAR Exemption % DeWitt Minoa School Total PILOT Payment w/o County (2022 Project District PILOT Only) 1 100% $ 4,917.42 $ 4,630.61 $ 24,018.96 $ 33,566.99 $ 195,556.17 $ 55,452.71 2 90% $ 7,844.63 $ 7,441.80 $ 38,191.48 $ 53,477.91 $ 199,467.30 $ 50,905.59 3 80% $ 10,886.96 $ 10,363.58 $ 52,921.29 $ 74,171.83 $ 203,456.64 $ 46,154.40 4 70% $ 14,047.85 $ 13,399.26 $ 68,225.02 $ 95,672.12 $ 207,525.77 $ 41,192.80 5 60% $ 17,330.82 $ 16,552.22 $ 84,119.73 $ 118,002.76 $ 211,676.29 $ 36,014.28 6 50% $ 20,739.49 $ 19,825.93 $ 100,622.93 $ 141,188.35 $ 215,909.82 $ 30,612.14 7 40% $ 24,277.57 $ 23,223.98 $ 117,752.62 $ 165,254.17 $ 220,228.01 $ 24,979.50 8 30% $ 27,948.88 $ 26,750.01 $ 135,527.24 $ 190,226.14 $ 224,632.57 $ 19,109.32 9 20% $ 31,756.93 $ 30,407.88 $ 153,965.83 $ 216,130.65 $ 229,124.99 $ 12,994.34 10 10% $ 33,379.61 $ 32,034.23 $ 161,666.54 $ 227,080.37 $ 233,707.49 $ 6,627.11 TOTAL $ 193,130 $ 184,629 $ 937,012 $ 1,314,771 $ 2,141,285 $ 324,042 Net East Syracuse Full Tax Onondaga Exemption PILOT YEAR Exemption % DeWitt Minoa School Total PILOT Payment w/o County (2022 Project District PILOT Only) 1 100% $ 4,917.42 $ 4,630.61 $ 24,018.96 $ 33,566.99 $ 195,556.17 $ 55,452.71 2 90% $ 7,844.63 $ 7,441.80 $ 38,191.48 $ 53,477.91 $ 199,467.30 $ 50,905.59 3 80% $ 10,886.96 $ 10,363.58 $ 52,921.29 $ 74,171.83 $ 203,456.64 $ 46,154.40 4 70% $ 14,047.85 $ 13,399.26 $ 68,225.02 $ 95,672.12 $ 207,525.77 $ 41,192.80 5 60% $ 17,330.82 $ 16,552.22 $ 84,119.73 $ 118,002.76 $ 211,676.29 $ 36,014.28 6 50% $ 20,739.49 $ 19,825.93 $ 100,622.93 $ 141,188.35 $ 215,909.82 $ 30,612.14 7 40% $ 24,277.57 $ 23,223.98 $ 117,752.62 $ 165,254.17 $ 220,228.01 $ 24,979.50 8 30% $ 27,948.88 $ 26,750.01 $ 135,527.24 $ 190,226.14 $ 224,632.57 $ 19,109.32 9 20% $ 31,756.93 $ 30,407.88 $ 153,965.83 $ 216,130.65 $ 229,124.99 $ 12,994.34 10 10% $ 33,379.61 $ 32,034.23 $ 161,666.54 $ 227,080.37 $ 233,707.49 $ 6,627.11 TOTAL $ 193,130 $ 184,629 $ 937,012 $ 1,314,771 $ 2,141,285 $ 324,042 Year 0 1 2 3 4 5 Jobs Current/Actuals 166 Creation Goals 8 4 3 Total Employment Goals 166 174 178 181 181 181 Schedule Schedule January 2023 January 2024 $ $16,486.36 33,566.99 Copyright Onondaga County Industry Development Agency, All Rights Reserved page27 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC Year 0 1 2 3 4 5 Jobs Current/Actuals 166 Creation Goals 8 4 3 Total Employment Goals 166 174 178 181 181 181 Schedule Schedule January 2023 January 2024 $ $16,486.36 33,566.99 Copyright Onondaga County Industry Development Agency, All Rights Reserved page27 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC
1. In accordance with Section 224-a(8)(d) of Article 8 of the New York Labor Law, the Agency has identified that any “financial assistance” (within the meaning of Section 858 of the General Municipal Law) granted by the Agency to the Applicant consisting of sales and use tax exemption benefits, mortgage recording tax exemption benefits and real property tax exemption benefits, constitutes “public funds” within the meaning of Section 224-a(2)(b) of Article 8 of the New York Labor Law and such funds are not excluded under Section 224-a(3) of Article 8 of the New York Labor Law. The Agency hereby notifies the Applicant of the Applicant’s obligations under Section 224-a (8)(a) of Article 8 of the New York Labor Law. 2. Fill in all blanks using “none”, “not applicable” or “not available”. If you have any questions about the way to respond, please call the Onondaga County Industrial Development Agency (the “Agency” or “OCIDA”) at 315-435-3770.
3. If providing an estimate put “(est.)” after the figure or answer. If more space is needed to answer any specific question, attach a separate sheet.
1. In accordance with Section 224-a(8)(d) of Article 8 of the New York Labor Law, the Agency has identified that any “financial assistance” (within the meaning of Section 858 of the General Municipal Law) granted by the Agency to the Applicant consisting of sales and use tax exemption benefits, mortgage recording tax exemption benefits and real property tax exemption benefits, constitutes “public funds” within the meaning of Section 224-a(2)(b) of Article 8 of the New York Labor Law and such funds are not excluded under Section 224-a(3) of Article 8 of the New York Labor Law. The Agency hereby notifies the Applicant of the Applicant’s obligations under Section 224-a (8)(a) of Article 8 of the New York Labor Law. 2. Fill in all blanks using “none”, “not applicable” or “not available”. If you have any questions about the way to respond, please call the Onondaga County Industrial Development Agency (the “Agency” or “OCIDA”) at 315-435-3770.
3. If providing an estimate put “(est.)” after the figure or answer. If more space is needed to answer any specific question, attach a separate sheet.
4. If the OCIDA Board approves benefits, it is the company’s responsibility to obtain and submit all necessary forms and documents.
5. All projects approved for benefits by the OCIDA Board will close with the Agency within 6-months of the inducement date. If this schedule cannot be met, the applicant will need to submit a closing schedule modification written request to the Executive Director that will be presented to OCIDA Board for consideration.
6. When completed, return this Application by mail or fax to the Agency at the address indicated below. A signed application may also be submitted electronically in PDF format to Nancy Lowery at nancylowery@ongov.net. An Application will not be considered by the Agency until the Application fee has been received.
7. The Agency will not give final approval for this Application until the Agency receives a completed NYS Full Environmental Assessment Form concerning the project which is the subject of this Application. The form is available at http://www.dec.ny.gov/permits/6191.html. 4. If the OCIDA Board approves benefits, it is the company’s responsibility to obtain and submit all necessary forms and documents.
5. All projects approved for benefits by the OCIDA Board will close with the Agency within 6-months of the inducement date. If this schedule cannot be met, the applicant will need to submit a closing schedule modification written request to the Executive Director that will be presented to OCIDA Board for consideration.
6. When completed, return this Application by mail or fax to the Agency at the address indicated below. A signed application may also be submitted electronically in PDF format to Nancy Lowery at nancylowery@ongov.net. An Application will not be considered by the Agency until the Application fee has been received.
7. The Agency will not give final approval for this Application until the Agency receives a completed NYS Full Environmental Assessment Form concerning the project which is the subject of this Application. The form is available at http://www.dec.ny.gov/permits/6191.html. 8. Please note the Public Officers Law declares all records in the possession of the OCIDA (with certain limited exceptions) are open to public inspection and copying. If the Applicant is of the opinion that there are elements of the project which are in the nature of trade secrets which, if disclosed to the public or otherwise widely disseminated, would cause substantial injury to the Applicant’s competitive position, this Applicant must identify such elements in writing and request that such elements be kept confidential. In accordance with Article 6 of the Public Officer’s Law, the OCIDA may also redact personal, private, and/or proprietary information from publicly disseminated documents.
9. The Applicant will be required to pay the Agency Application fee and, if accepted as a project of the Agency, all administrative and legal fees as stated in Section VI of the Application. Onondaga County Industrial Development Agency Page 1 page28 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC 8. Please note the Public Officers Law declares all records in the possession of the OCIDA (with certain limited exceptions) are open to public inspection and copying. If the Applicant is of the opinion that there are elements of the project which are in the nature of trade secrets which, if disclosed to the public or otherwise widely disseminated, would cause substantial injury to the Applicant’s competitive position, this Applicant must identify such elements in writing and request that such elements be kept confidential. In accordance with Article 6 of the Public Officer’s Law, the OCIDA may also redact personal, private, and/or proprietary information from publicly disseminated documents.
9. The Applicant will be required to pay the Agency Application fee and, if accepted as a project of the Agency, all administrative and legal fees as stated in Section VI of the Application. Onondaga County Industrial Development Agency Page 1 page28 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC
This Application Local Access Agreement Employment Plan Conflict of Interest A feasibility statement indicating the need for the requested benefits Description of Project, Site Plans/Sketches, and Maps NYS Full Environmental Assessment Form A check payable to the Agency in the amount of $1,000 A check payable to Barclay Damon LLP in the amount of $2,500 11. This Application was adopted by the OCIDA Board on January 18, 2022. Onondaga County Industrial Development Agency Page 2 page29 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC
This Application Local Access Agreement Employment Plan Conflict of Interest A feasibility statement indicating the need for the requested benefits Description of Project, Site Plans/Sketches, and Maps NYS Full Environmental Assessment Form A check payable to the Agency in the amount of $1,000 A check payable to Barclay Damon LLP in the amount of $2,500 11. This Application was adopted by the OCIDA Board on January 18, 2022. Onondaga County Industrial Development Agency Page 2 page29 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC It is the policy of the Agency that any project receiving benefits from the Onondaga County Industrial Development Agency will utilize 100% local contractors and local labor for the construction period of the project unless a waiver is granted in writing by the Agency. Return to:
Onondaga County Industrial Development Agency Attn: Nancy Lowery 333 W. Washington Street, Suite 130 Syracuse, NY 13202 Phone: 315-435-3770 | Fax: 315-435-3669 nancylowery@ongov.net
Please answer all questions. Use “None”, “Not Applicable” and “See Attached” where necessary.
Submittal Date: _____________ September 15, 2022 It is the policy of the Agency that any project receiving benefits from the Onondaga County Industrial Development Agency will utilize 100% local contractors and local labor for the construction period of the project unless a waiver is granted in writing by the Agency. Return to:
Onondaga County Industrial Development Agency Attn: Nancy Lowery 333 W. Washington Street, Suite 130 Syracuse, NY 13202 Phone: 315-435-3770 | Fax: 315-435-3669 nancylowery@ongov.net
Please answer all questions. Use “None”, “Not Applicable” and “See Attached” where necessary.
Submittal Date: _____________ September 15, 2022 A) Applicant/Project Operator information (company receiving benefits):
Applicant/Project Operator: Click here to enter text. Cryomech, Inc.
Applicant/ Project Operator Address: 6682 Moore Road, Dewitt, NY 13211 Phone: 315-455-2555 ext 208 Fax:
www.cryomech.com Website: E-mail: rdausman@cryomech.com Federal ID#: 16-0900336 NAICS: 333415 State and Year of Incorporation/Organization: __________________________________________ New York, 1968 Owner (if different from Applicant/Project Operator): ____________________________________ Owner Address:
Federal ID#:
State and Year of Incorporation/Organization: New York State, 1968 List of stockholders, members, or partners of Owner:
________________________________________________________________________________ Employee owned through an Employee Stock Ownership Program (ESOP) established in 2014 A) Applicant/Project Operator information (company receiving benefits):
Applicant/Project Operator: Click here to enter text. Cryomech, Inc.
Applicant/ Project Operator Address: 6682 Moore Road, Dewitt, NY 13211 Phone: 315-455-2555 ext 208 Fax:
www.cryomech.com Website: E-mail: rdausman@cryomech.com Federal ID#: 16-0900336 NAICS: 333415 State and Year of Incorporation/Organization: __________________________________________ New York, 1968 Owner (if different from Applicant/Project Operator): ____________________________________ Owner Address:
Federal ID#:
State and Year of Incorporation/Organization: New York State, 1968 List of stockholders, members, or partners of Owner:
________________________________________________________________________________ Employee owned through an Employee Stock Ownership Program (ESOP) established in 2014 B) Individual Completing Application:
Name: Sarah Stephens Title: Consultant Address: 201 Croyden Road, Syracuse, NY 13224 Phone: 315-530-2502 Fax:
E-mail: sarah@ssfundingresources.com Onondaga County Industrial Development Agency Page 1 page30 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC C) Company Contact (if different from individual completing application): Name: Mr. Richard Dausman Title: President Address: 6682 Moore Road, Dewitt, NY 13211 Phone: 315-455-2555 Cell Phone: N/A E-mail: rdausman@cryomech.com D) Company Counsel:
Name of Attorney: Paul Reichel, Esq.
Firm Name: Bond, Schoeneck, & King Address: One Lincoln Center, 110 W. Fayette Street, Syracuse, NY 13202 Phone: 315-218-8146 Cell Phone: E-mail: reichep@bsk.com B) Individual Completing Application:
Name: Sarah Stephens Title: Consultant Address: 201 Croyden Road, Syracuse, NY 13224 Phone: 315-530-2502 Fax:
E-mail: sarah@ssfundingresources.com Onondaga County Industrial Development Agency Page 1 page30 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC C) Company Contact (if different from individual completing application): Name: Mr. Richard Dausman Title: President Address: 6682 Moore Road, Dewitt, NY 13211 Phone: 315-455-2555 Cell Phone: N/A E-mail: rdausman@cryomech.com D) Company Counsel:
Name of Attorney: Paul Reichel, Esq.
Firm Name: Bond, Schoeneck, & King Address: One Lincoln Center, 110 W. Fayette Street, Syracuse, NY 13202 Phone: 315-218-8146 Cell Phone: E-mail: reichep@bsk.com E) Business Organization (check appropriate category):
☐ Corporation ☐Partnership ☐ Public Corporation ☐Joint Venture ☐ Sole Proprietorship ☐Limited Liability Company ☐ Other (please specify): ESOP Year Established: ESOP formed in 2014, Cryomech 1968 State in which Organization is established: New York State F) List all stockholders, members, or partners with % of ownership greater than 5%: Name % of ownership Cryomech Inc Employee Stock Ownership Trust 100% Onondaga County Industrial Development Agency Page 2 page31 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC G) Applicant Business Description:
Estimated % of sales within Onondaga County: ________________________________________ 0% Estimated % of sales outside Onondaga County but within New York State: 3% Estimated % of sales outside New York State but within the U.S.: 23% Estimated % of sales outside the U.S.: 74% (*Percentage to equal 100%) E) Business Organization (check appropriate category):
☐ Corporation ☐Partnership ☐ Public Corporation ☐Joint Venture ☐ Sole Proprietorship ☐Limited Liability Company ☐ Other (please specify): ESOP Year Established: ESOP formed in 2014, Cryomech 1968 State in which Organization is established: New York State F) List all stockholders, members, or partners with % of ownership greater than 5%: Name % of ownership Cryomech Inc Employee Stock Ownership Trust 100% Onondaga County Industrial Development Agency Page 2 page31 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC G) Applicant Business Description:
Estimated % of sales within Onondaga County: ________________________________________ 0% Estimated % of sales outside Onondaga County but within New York State: 3% Estimated % of sales outside New York State but within the U.S.: 23% Estimated % of sales outside the U.S.: 74% (*Percentage to equal 100%) H) Applicant History: If the answer to any of the following is “Yes”, please explain below. If necessary, attach additional information.
☐Yes ☐No plaintiff or defendant in any civil or criminal litigation?
criminal offense (other than a minor traffic violation)? ☐Yes ☐No 3. Has any person listed in Section I ever been in receivership or declared bankruptcy? Please attach any explanations. ☐Yes ☐No I) Has the Project Beneficiary received assistance from OCIDA, Syracuse Industrial Development Agency (SIDA), New York State or the Onondaga Civic Development Corporation (OCDC) in the past? If yes please attach an explanation and please give year, project name, and description of benefits and address of project.
☐Yes ☐No H) Applicant History: If the answer to any of the following is “Yes”, please explain below. If necessary, attach additional information.
☐Yes ☐No plaintiff or defendant in any civil or criminal litigation?
criminal offense (other than a minor traffic violation)? ☐Yes ☐No 3. Has any person listed in Section I ever been in receivership or declared bankruptcy? Please attach any explanations. ☐Yes ☐No I) Has the Project Beneficiary received assistance from OCIDA, Syracuse Industrial Development Agency (SIDA), New York State or the Onondaga Civic Development Corporation (OCDC) in the past? If yes please attach an explanation and please give year, project name, and description of benefits and address of project.
☐Yes ☐No Cryomech, Inc. obtain a PILOT, sales and use expemtions and mortgage tax recodring exemption in May 2019 for the intial purchase and construction of the facility on Moore Road that they are now planning to expand upon. Total abatement costs were $1,381,974 Onondaga County Industrial Development Agency Page 3 page32 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC
A) Project Location: Location where the investment will take place. If Company is moving, the new location should be entered here and the current location should be in Section I. Address: 6682 Moore Road, 6655 Old Thompson Road, 6684 Moore Road Legal Address (if different):
City: Dewitt Village/Town: Dewitt Zip Code: 13211 School District: East Syracuse Minoa Tax Map Parcel ID(s): 022.-05.19.0, 022.-05-03.1, 022.-05-02.3 Full Market Value: ________________ $12,187,300 Footage of Existing Building: _________________
Cryomech, Inc. obtain a PILOT, sales and use expemtions and mortgage tax recodring exemption in May 2019 for the intial purchase and construction of the facility on Moore Road that they are now planning to expand upon. Total abatement costs were $1,381,974 Onondaga County Industrial Development Agency Page 3 page32 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC
A) Project Location: Location where the investment will take place. If Company is moving, the new location should be entered here and the current location should be in Section I. Address: 6682 Moore Road, 6655 Old Thompson Road, 6684 Moore Road Legal Address (if different):
City: Dewitt Village/Town: Dewitt Zip Code: 13211 School District: East Syracuse Minoa Tax Map Parcel ID(s): 022.-05.19.0, 022.-05-03.1, 022.-05-02.3 Full Market Value: ________________ $12,187,300 Footage of Existing Building: _________________
Census Tract: ___________________________________________________________________ 144 B) Type (Check all that apply):
☐New construction ☐Purchase of machinery and/or equipment ☐Expansion/Addition to current facilities ☐Brownfield/Remediated Brownfield ☐Renovation of existing facility ☐LEED Certification ☐ Housing Project ☐Demolition and Construction ☐ Renewable Energy Project ☐Acquisition of existing facility/property ☐ Retail ☐Other:
C) Project Narrative: A statement that there is a likelihood that the project would not be undertaken but for the financial assistance provided by the Agency or, if the project could be undertaken without financial assistance provided by the Agency, a statement indicating why the project should be undertaken by the agency.
* For a Retail Project (also see page 14) * For a Renewable Energy Project (also see page 15) * For a Housing Project (also see page 17) Census Tract: ___________________________________________________________________ 144 B) Type (Check all that apply):
☐New construction ☐Purchase of machinery and/or equipment ☐Expansion/Addition to current facilities ☐Brownfield/Remediated Brownfield ☐Renovation of existing facility ☐LEED Certification ☐ Housing Project ☐Demolition and Construction ☐ Renewable Energy Project ☐Acquisition of existing facility/property ☐ Retail ☐Other:
C) Project Narrative: A statement that there is a likelihood that the project would not be undertaken but for the financial assistance provided by the Agency or, if the project could be undertaken without financial assistance provided by the Agency, a statement indicating why the project should be undertaken by the agency.
* For a Retail Project (also see page 14) * For a Renewable Energy Project (also see page 15) * For a Housing Project (also see page 17) D) Description of Project: Please provide a detailed narrative of the proposed Project. Please separately attach the description and any copies of site plans, sketches or maps. This narrative should include, but is not limited to:
☐ i) a description of your Company’s background, customers, goods and services and the principal products to be produced and/or the principal activities that will occur on the Project site;
☐ (ii) the size of the Project in square feet and a breakdown of square footage per each intended use;
☐ (iii) the size of the lot upon which the Project sits or is to be constructed; ☐ (iv) the current use of the site and the intended use of the site upon completion of the Project;
☐ (vi) describe your method for site control (Own, lease, other). Onondaga County Industrial Development Agency Page 4 page33 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC E) Select Project type for all end users at Project site (you may check more than one): **Please check any and all end users as identified below D) Description of Project: Please provide a detailed narrative of the proposed Project. Please separately attach the description and any copies of site plans, sketches or maps. This narrative should include, but is not limited to:
☐ i) a description of your Company’s background, customers, goods and services and the principal products to be produced and/or the principal activities that will occur on the Project site;
☐ (ii) the size of the Project in square feet and a breakdown of square footage per each intended use;
☐ (iii) the size of the lot upon which the Project sits or is to be constructed; ☐ (iv) the current use of the site and the intended use of the site upon completion of the Project;
☐ (vi) describe your method for site control (Own, lease, other). Onondaga County Industrial Development Agency Page 4 page33 DocuSign Envelope ID: 7876E561-EBAC-4F0C-B408-18FC29A6F1CC E) Select Project type for all end users at Project site (you may check more than one): **Please check any and all end users as identified below
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