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PHONE: 315.435.3770 FAX: 315.435.3669 ONGOVED.COM Regular Meeting Agenda May 10, 2022 8:00 AM Call to Order the Meeting of the Agency
1. Tracey Road Equipment, Inc./ Gerald W. Tracey Project (3101-20-03B) Tracey Road Equipment, Inc. /Gerald W. Tracey is requesting an increase in the Sales and Use Tax Exemption from $260,000 to $420,000.
Agency Action Requested:
a. A resolution of the board authorizing additional financial assistance in the form of an increase in the Sales and Use Tax Exemption.
Representative: Sarah Stephens, President, SS Funding & Procurement Resources, LLC 2. Immediate Mailing Services, Inc. (3101-18-02A) Meeting to Modify Request for execution and delivery of mortgages and related documents with respect to refinancing.
Agency Action Requested:
a. A resolution of the Board authorizing execution and delivery of documents. Representative: Sam Wilkes, Senior Accountant, IMS, Inc.
Restructure of the existing PILOT
PHONE: 315.435.3770 FAX: 315.435.3669 ONGOVED.COM Regular Meeting Agenda May 10, 2022 8:00 AM Call to Order the Meeting of the Agency
1. Tracey Road Equipment, Inc./ Gerald W. Tracey Project (3101-20-03B) Tracey Road Equipment, Inc. /Gerald W. Tracey is requesting an increase in the Sales and Use Tax Exemption from $260,000 to $420,000.
Agency Action Requested:
a. A resolution of the board authorizing additional financial assistance in the form of an increase in the Sales and Use Tax Exemption.
Representative: Sarah Stephens, President, SS Funding & Procurement Resources, LLC 2. Immediate Mailing Services, Inc. (3101-18-02A) Meeting to Modify Request for execution and delivery of mortgages and related documents with respect to refinancing.
Agency Action Requested:
a. A resolution of the Board authorizing execution and delivery of documents. Representative: Sam Wilkes, Senior Accountant, IMS, Inc.
Restructure of the existing PILOT Agency Action Requested:
a. A resolution of the Board authorizing continuance of the existing PILOT Agreement and authorizing documentation to replace the Installment Sale Agreement being terminated.
Representative: Amanda Fitzgerald, OCIDA Legal Counsel, Barclay Damon LLP 4. Cryomech, Inc. (3101-19-02A) Rescinding prior authorization to sell Company Project Facility Agency Action Requested:
a. A resolution of the Board rescinding approval of the sale of the Company Project Facility by Quantum Cool, LLC to Kelvin Kool LLC.
Representation: Amanda Fitzgerald, OCIDA Legal Counsel, Barclay Damon LLP
Baldwinsville Senior Housing Preservation, LLC is requesting that the Onondaga County Industrial Development Agency (the "Issuer") issue its tax-exempt multi-family housing revenue bonds in one or more series in the aggregate principal amount not to exceed $20,500,000 (the "Bonds") for the purpose of financing a certain project. This project was previously approved for benefits at the August 20, 2019 and June 9, 2020 meetings. Agency Action Requested:
a. A Resolution (a) ratifying certain prior resolutions and findings of the Issuer with respect to the undertaking of a project and (b) increasing the not to exceed amount of the Bonds to $20,500,000.
Agency Action Requested:
a. A resolution of the Board authorizing continuance of the existing PILOT Agreement and authorizing documentation to replace the Installment Sale Agreement being terminated.
Representative: Amanda Fitzgerald, OCIDA Legal Counsel, Barclay Damon LLP 4. Cryomech, Inc. (3101-19-02A) Rescinding prior authorization to sell Company Project Facility Agency Action Requested:
a. A resolution of the Board rescinding approval of the sale of the Company Project Facility by Quantum Cool, LLC to Kelvin Kool LLC.
Representation: Amanda Fitzgerald, OCIDA Legal Counsel, Barclay Damon LLP
Baldwinsville Senior Housing Preservation, LLC is requesting that the Onondaga County Industrial Development Agency (the "Issuer") issue its tax-exempt multi-family housing revenue bonds in one or more series in the aggregate principal amount not to exceed $20,500,000 (the "Bonds") for the purpose of financing a certain project. This project was previously approved for benefits at the August 20, 2019 and June 9, 2020 meetings. Agency Action Requested:
a. A Resolution (a) ratifying certain prior resolutions and findings of the Issuer with respect to the undertaking of a project and (b) increasing the not to exceed amount of the Bonds to $20,500,000.
Representative: Kevin McAuliffe, Barclay Damon, LLC Executive Session
Authorization to enter into 2 amendments to purchase contracts for two parcels of property.
Agency Action Requested:
a. A resolution of the Board authorizing the Executive Director to enter into 2 amendments to purchase contracts and any related documents with respect to two parcels of property. Representative: Robert Petrovich, Executive Director, OCIDA 2
Authorization to enter into purchase contracts for two parcels of property. Agency Action Requested:
a. A resolution of the Board authorizing the adoption of a SEQRA determination. b. A resolution of the Board authorizing the Executive Director to enter into purchase contracts and any related documents with respect to two parcels of property. Representative: Robert Petrovich, Executive Director, OCIDA Adjourn.
3 Representative: Kevin McAuliffe, Barclay Damon, LLC Executive Session
Authorization to enter into 2 amendments to purchase contracts for two parcels of property.
Agency Action Requested:
a. A resolution of the Board authorizing the Executive Director to enter into 2 amendments to purchase contracts and any related documents with respect to two parcels of property. Representative: Robert Petrovich, Executive Director, OCIDA 2
Authorization to enter into purchase contracts for two parcels of property. Agency Action Requested:
a. A resolution of the Board authorizing the adoption of a SEQRA determination. b. A resolution of the Board authorizing the Executive Director to enter into purchase contracts and any related documents with respect to two parcels of property. Representative: Robert Petrovich, Executive Director, OCIDA Adjourn.
3