Typeset from the PDF of the official document (read by OCR) — headings, motions and recorded votes are detected automatically, so spacing may differ from the original. The official copy governs.
PHONE: 315.435.3770 FAX: 315.435.3669 ONGOVED.COM Regular Meeting Agenda June 14, 2022 8:00 AM Call to Order the Meeting of the Agency
1. J.W. Didado Electric, LLC(3101-02-A) Second Meeting J.W. Didado Electric, LLC is proposing to construct a 24,000 square foot building in the Town of Clay. The applicant is requesting exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes and mortgage recording taxes.
Agency Action Requested:
.
a. A resolution of the Board authorizing the financial assistance by Agency and acknowledging the Town of Clay SEQRA resolution. Agency benefits requested include exemptions from certain real property taxes, real estate transfer taxes, sales and use taxes and mortgage recording taxes. Representative: Genevieve Trigg, Company Counsel, Barclay Damon LLP
PHONE: 315.435.3770 FAX: 315.435.3669 ONGOVED.COM Regular Meeting Agenda June 14, 2022 8:00 AM Call to Order the Meeting of the Agency
1. J.W. Didado Electric, LLC(3101-02-A) Second Meeting J.W. Didado Electric, LLC is proposing to construct a 24,000 square foot building in the Town of Clay. The applicant is requesting exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes and mortgage recording taxes.
Agency Action Requested:
.
a. A resolution of the Board authorizing the financial assistance by Agency and acknowledging the Town of Clay SEQRA resolution. Agency benefits requested include exemptions from certain real property taxes, real estate transfer taxes, sales and use taxes and mortgage recording taxes. Representative: Genevieve Trigg, Company Counsel, Barclay Damon LLP 2. Stewart Hancock Partners LLC/ Dunn Tire LLC (3101-21-12A) Meeting to Modify Stewart Hancock Partners, LLC and Dunn Tire, LLC are requesting an increase in the Sales and Use Tax Exemption from $250,000 to $500,000.
Agency Action Requested:
a. A resolution of the Board authorizing a public hearing in connection with a request for an increase in the Sales and Use Tax Exemption.
Representative: Joseph Cattalani, Managing Member, Stewart Hancock Partner, LLC
Armoured One, LLC is requesting an 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. Representative: Theresa Morgan, Chief Financial Officer, Armoured One 4. Breckenridge Group Syracuse New York, LLC (3101-15-12A) Meeting to Modify Breckenridge Group Syracuse New York, LLC is requesting the Board consent to the sale of its interest in the Project Facility to Yugo Syracuse Southside LLC.
Agency Action Requested:
a. A resolution of the Board approving the assignment of the right, title and interest in a Project Facility to Yugo Syracuse Southside LLC.
Representative: Chris Andreucci, Legal Counsel, Harris Beach
Annual assessments of projects as required by General Municipal Law Section 874(12). 2. Stewart Hancock Partners LLC/ Dunn Tire LLC (3101-21-12A) Meeting to Modify Stewart Hancock Partners, LLC and Dunn Tire, LLC are requesting an increase in the Sales and Use Tax Exemption from $250,000 to $500,000.
Agency Action Requested:
a. A resolution of the Board authorizing a public hearing in connection with a request for an increase in the Sales and Use Tax Exemption.
Representative: Joseph Cattalani, Managing Member, Stewart Hancock Partner, LLC
Armoured One, LLC is requesting an 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. Representative: Theresa Morgan, Chief Financial Officer, Armoured One 4. Breckenridge Group Syracuse New York, LLC (3101-15-12A) Meeting to Modify Breckenridge Group Syracuse New York, LLC is requesting the Board consent to the sale of its interest in the Project Facility to Yugo Syracuse Southside LLC.
Agency Action Requested:
a. A resolution of the Board approving the assignment of the right, title and interest in a Project Facility to Yugo Syracuse Southside LLC.
Representative: Chris Andreucci, Legal Counsel, Harris Beach
Annual assessments of projects as required by General Municipal Law Section 874(12). Representative: Nancy Lowery, Secretary, OCIDA
OCIDA Board to Appoint Alexis Rodriguez as Assistant Treasurer Agency Action Requested:
a. Resolution by the Board to appoint Alexis Rodriguez as Board Assistant Treasurer to the Onondaga County Industrial Development Agency.
Representative: Robert Petrovich, OCIDA, Executive Director Executive Session
Authorization to enter into purchase contracts for three 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
Agency Action Requested:
a. A resolution of the Board authorizing the Executive Director to enter into Land Options. Representative: Robert Petrovich, Executive Director, OCIDA Adjourn 2
Onondaga County Industrial Development Agency Regular Meeting Minutes May 10, 2022 Representative: Nancy Lowery, Secretary, OCIDA
OCIDA Board to Appoint Alexis Rodriguez as Assistant Treasurer Agency Action Requested:
a. Resolution by the Board to appoint Alexis Rodriguez as Board Assistant Treasurer to the Onondaga County Industrial Development Agency.
Representative: Robert Petrovich, OCIDA, Executive Director Executive Session
Authorization to enter into purchase contracts for three 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
Agency Action Requested:
a. A resolution of the Board authorizing the Executive Director to enter into Land Options. Representative: Robert Petrovich, Executive Director, OCIDA Adjourn 2
Onondaga County Industrial Development Agency Regular Meeting Minutes May 10, 2022 A regular meeting of the Onondaga County Industrial Development Agency was held on Tuesday, May 10, 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 8:14 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 Jeff Davis, Barclay Damon Law Firm Amanda Fitzgerald, Barclay Damon Law Firm Samantha Podlas, Barclay Damon Law Firm Rebecca Shiroff, Office of Economic Development Kevin McAuliffe, Barclay Damon Law Firm Christopher Andreucci, Harris Beach Law Firm Sarah Stephens, SS Funding & Procurement Resources, LLC Peter DiBlasio, Tracey Road Equipment, Inc.
Samantha Wilks, Immediate Mailing Services, Inc.
Christian Bianchi APPROVAL OF REGULAR MEETING MINUTES – APRIL 12, 2022 Upon a motion by Victor Ianno, seconded by Fanny Villarreal, the OCIDA Board approved the regular meeting minutes of April 12, 2022. Motion was carried.
TREASURER’S REPORT Nate Stevens gave a brief review of the Treasurer’s Report for the month of April 2022. Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved the Treasurer’s Report for the month of April 2022. Motion was carried.
A regular meeting of the Onondaga County Industrial Development Agency was held on Tuesday, May 10, 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 8:14 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 Jeff Davis, Barclay Damon Law Firm Amanda Fitzgerald, Barclay Damon Law Firm Samantha Podlas, Barclay Damon Law Firm Rebecca Shiroff, Office of Economic Development Kevin McAuliffe, Barclay Damon Law Firm Christopher Andreucci, Harris Beach Law Firm Sarah Stephens, SS Funding & Procurement Resources, LLC Peter DiBlasio, Tracey Road Equipment, Inc.
Samantha Wilks, Immediate Mailing Services, Inc.
Christian Bianchi APPROVAL OF REGULAR MEETING MINUTES – APRIL 12, 2022 Upon a motion by Victor Ianno, seconded by Fanny Villarreal, the OCIDA Board approved the regular meeting minutes of April 12, 2022. Motion was carried.
TREASURER’S REPORT Nate Stevens gave a brief review of the Treasurer’s Report for the month of April 2022. Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved the Treasurer’s Report for the month of April 2022. Motion was carried.
Nate Stevens gave a brief review of the Payment of Bills Schedule #469 Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved the Payment of Bills Schedule #469 for $2,215,371.77 and PILOT Payments to Onondaga County for $9,428.91, City of Syracuse for $8,493.64 and Syracuse City School District for $14,547.90. Motion was carried.
Nate Stevens gave a brief review of the Payment of Bills Schedule #469 Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board approved the Payment of Bills Schedule #469 for $2,215,371.77 and PILOT Payments to Onondaga County for $9,428.91, City of Syracuse for $8,493.64 and Syracuse City School District for $14,547.90. Motion was carried.
The Conflict of Interest was circulated and there were no conflicts reported.
Sarah Stephens stated Tracey Road Equipment came before the Board at the beginning of their project to get incentives to assist in the expansion project. She stated that was pre-Covid and unfortunately a couple things occurred; one is the increase in materials. She stated one of the significant materials Tracey Road is using is steel which is up over 30% from the original costs they budgeted before the project started. She stated they are self GC’ing and had to get a number of change orders for the project which increased the costs. She stated they are asking OCIDA for an increase to cover those budgetary increases that were unexpected so they can still access the incentives that they planned for in the beginning.
Nancy Lowery stated a public hearing was held and there were no comments.
Patrick Hogan stated he thinks everyone is well aware of the price of materials and what is happening in the whole world.
2
The Conflict of Interest was circulated and there were no conflicts reported.
Sarah Stephens stated Tracey Road Equipment came before the Board at the beginning of their project to get incentives to assist in the expansion project. She stated that was pre-Covid and unfortunately a couple things occurred; one is the increase in materials. She stated one of the significant materials Tracey Road is using is steel which is up over 30% from the original costs they budgeted before the project started. She stated they are self GC’ing and had to get a number of change orders for the project which increased the costs. She stated they are asking OCIDA for an increase to cover those budgetary increases that were unexpected so they can still access the incentives that they planned for in the beginning.
Nancy Lowery stated a public hearing was held and there were no comments.
Patrick Hogan stated he thinks everyone is well aware of the price of materials and what is happening in the whole world.
2 Upon a motion by Susan Stanczyk, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing additional financial assistance in the form of an increase in the sales and use tax exemption for the Tracey Road Equipment, Inc./Gerald W. Tracey Project. Motion was
carried.
Sam Wilks stated back in 2019 Immediate Mailing Services reached out to OCIDA to help with the expansion of their 245 Commerce Boulevard building. She stated now that the project and expansion are complete, IMS would like to refinance the existing mortgage and get a second mortgage on the property to secure an evolving line of credit. She stated they are asking for OCIDA’s consent because the Agency has a leasehold interest in the property from when they started the project in 2019.
Amanda Fitzgerald stated no additional benefits are being requested and this is simply authorization for the IDA to join in the lender documents.
Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing the execution and delivery of documents for the Immediate Mailing Services, Inc. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing additional financial assistance in the form of an increase in the sales and use tax exemption for the Tracey Road Equipment, Inc./Gerald W. Tracey Project. Motion was
carried.
Sam Wilks stated back in 2019 Immediate Mailing Services reached out to OCIDA to help with the expansion of their 245 Commerce Boulevard building. She stated now that the project and expansion are complete, IMS would like to refinance the existing mortgage and get a second mortgage on the property to secure an evolving line of credit. She stated they are asking for OCIDA’s consent because the Agency has a leasehold interest in the property from when they started the project in 2019.
Amanda Fitzgerald stated no additional benefits are being requested and this is simply authorization for the IDA to join in the lender documents.
Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing the execution and delivery of documents for the Immediate Mailing Services, Inc. Motion was carried.
Amanda Fitzgerald stated ICM Controls Corp goes back to the early 2000’s when OCIDA was able to issue bonds to help finance projects. She stated in 2004 and 2007 the Board approved the issuance of bonds totaling a little under $9,000,000 to support the ICM Project. She stated as of June 1 the company will be redeeming those bonds so in connection with the redemption, some of the original documents will be terminated. She stated one of those documents is the installment sale agreement which was a key factor in the 2009 PILOT that the company also enjoys. She stated in order to continue the PILOT which has benefits through 2026, the Board’s authorization is needed to allow Robert Petrovich, Executive Director, to enter into a few additional documents mainly a leaseback agreement. She stated there is no change in benefits, just an administrative change in the underlying documents supporting the 2009 PILOT. 3 Jeff Davis asked if the PILOT runs through 2026. Amanda Fitzgerald stated yes. Patrick Hogan asked why OCIDA stopped issuing bonds. Amanda Fitzgerald stated it was statutory.
Amanda Fitzgerald stated ICM Controls Corp goes back to the early 2000’s when OCIDA was able to issue bonds to help finance projects. She stated in 2004 and 2007 the Board approved the issuance of bonds totaling a little under $9,000,000 to support the ICM Project. She stated as of June 1 the company will be redeeming those bonds so in connection with the redemption, some of the original documents will be terminated. She stated one of those documents is the installment sale agreement which was a key factor in the 2009 PILOT that the company also enjoys. She stated in order to continue the PILOT which has benefits through 2026, the Board’s authorization is needed to allow Robert Petrovich, Executive Director, to enter into a few additional documents mainly a leaseback agreement. She stated there is no change in benefits, just an administrative change in the underlying documents supporting the 2009 PILOT. 3 Jeff Davis asked if the PILOT runs through 2026. Amanda Fitzgerald stated yes. Patrick Hogan asked why OCIDA stopped issuing bonds. Amanda Fitzgerald stated it was statutory.
Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing continuance of the existing PILOT Agreement and authorizing documentation to replace the Installment Sale Agreement being terminated for the ICM Corporation project. Motion was carried.
Amanda Fitzgerald stated in December 2021 the Board approved authorization for Cryomech to sell the entire project to Kelvin Kool LLC and they decided not to go forward with that structure. She stated this is just administrative rescinding the authorization to sell to that company. Patrick Hogan stated he likes the idea that the companies have to come back before the Board for any change in policy.
Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved a resolution rescinding approval of the sale of the company project facility by Quantum Cool, LLC to Kelvin Kool LLC. Motion was carried.
Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing continuance of the existing PILOT Agreement and authorizing documentation to replace the Installment Sale Agreement being terminated for the ICM Corporation project. Motion was carried.
Amanda Fitzgerald stated in December 2021 the Board approved authorization for Cryomech to sell the entire project to Kelvin Kool LLC and they decided not to go forward with that structure. She stated this is just administrative rescinding the authorization to sell to that company. Patrick Hogan stated he likes the idea that the companies have to come back before the Board for any change in policy.
Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved a resolution rescinding approval of the sale of the company project facility by Quantum Cool, LLC to Kelvin Kool LLC. Motion was carried.
Kevin McAuliffe stated the action before the Board today is to ratify two prior resolutions and slightly expand the bond amount. He stated it is the senior citizen housing project that has 199 units in Baldwinsville which has been stalled by Covid and the fact there were no federal inspectors to look at it. He stated they couldn’t have undertaken the project anyhow during Covid because there was going to be a minimization of the impact on the seniors. He stated they couldn’t bundle the residents together and take them anywhere during Covid so renovations could be completed. He stated it was not possible. He stated now they can go back and undertake the project. He stated before the Board is an increase in the bond amounts from 4 $20,000,000 to $20,500,000 and there have been slight increases in the cost of construction over the two years this has been pending. He stated it is ready to go now and everyone is signing off on the official statement and he thinks it is going to close within the next two weeks. He stated all approvals are in place. He stated today’s resolution is to ratify the two prior resolutions and to increase the bond amount from $20,000,000 to $20,500,000.
Kevin McAuliffe stated the action before the Board today is to ratify two prior resolutions and slightly expand the bond amount. He stated it is the senior citizen housing project that has 199 units in Baldwinsville which has been stalled by Covid and the fact there were no federal inspectors to look at it. He stated they couldn’t have undertaken the project anyhow during Covid because there was going to be a minimization of the impact on the seniors. He stated they couldn’t bundle the residents together and take them anywhere during Covid so renovations could be completed. He stated it was not possible. He stated now they can go back and undertake the project. He stated before the Board is an increase in the bond amounts from 4 $20,000,000 to $20,500,000 and there have been slight increases in the cost of construction over the two years this has been pending. He stated it is ready to go now and everyone is signing off on the official statement and he thinks it is going to close within the next two weeks. He stated all approvals are in place. He stated today’s resolution is to ratify the two prior resolutions and to increase the bond amount from $20,000,000 to $20,500,000.
Robert Petrovich stated it should be noted Kevin McAuliffe from Barclay Damon represents the
applicant and conflict counsel representing the Agency is Chris Andreucci who is here. Kevin McAuliffe stated it is subsidized federal housing program for seniors and must have an income level that does not exceed 60% of the median and there is an additional 40 units for people that are 50% or less of the median income. He stated the rent structure stays in place for the next 30 years. He stated the rent is locked in with a letter with HUD.
Patrick Hogan asked if this project has been through all the local boards. Kevin McAuliffe stated it is all approved and the original PILOT was approved with written resolutions from each of the impacted taxing jurisdictions.
Chris Andreucci stated they are ready to close on May 18. He stated if OCIDA approves the increase in authorized amount he will send an email to the deal team.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution 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. Motion was carried.
Robert Petrovich stated it should be noted Kevin McAuliffe from Barclay Damon represents the
applicant and conflict counsel representing the Agency is Chris Andreucci who is here. Kevin McAuliffe stated it is subsidized federal housing program for seniors and must have an income level that does not exceed 60% of the median and there is an additional 40 units for people that are 50% or less of the median income. He stated the rent structure stays in place for the next 30 years. He stated the rent is locked in with a letter with HUD.
Patrick Hogan asked if this project has been through all the local boards. Kevin McAuliffe stated it is all approved and the original PILOT was approved with written resolutions from each of the impacted taxing jurisdictions.
Chris Andreucci stated they are ready to close on May 18. He stated if OCIDA approves the increase in authorized amount he will send an email to the deal team.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution 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. Motion was carried.
Jeff Davis stated his recommendation is to vote to go into Executive Session to discuss proposed potential acquisition of real property.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board went into Executive Session at 8:18 am to discuss potential acquisition of real property. Motion was
carried.
5 Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board adjourned Executive Session at 8:44 am. Motion was carried.
Jeff Davis stated his recommendation is to vote to go into Executive Session to discuss proposed potential acquisition of real property.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board went into Executive Session at 8:18 am to discuss potential acquisition of real property. Motion was
carried.
5 Upon a motion by Victor Ianno, seconded by Janice Herzog, the OCIDA Board adjourned Executive Session at 8:44 am. Motion was carried.
Jeff Davis stated the resolutions laid out are Type II SEQR actions and the review has already been done. He stated these are mirror amendments to the contract and the Agency is recognizing this is a Type II SEQR action.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution to enter into two amendments to purchase contracts and any related documents with respect to two parcels of property. Motion was carried.
Jeff Davis stated the resolutions laid out are Type II SEQR actions and the review has already been done. He stated these are mirror amendments to the contract and the Agency is recognizing this is a Type II SEQR action.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution to enter into two amendments to purchase contracts and any related documents with respect to two parcels of property. Motion was carried.
Jeff Davis stated as discussed previously the IDA embarked on a project to expand the White Pine Commerce Park and conducted a full SEQR review Generic Environmental Impact Statement process on that. He stated the project and criteria were based on the investigation and environmental EAF etc. He stated that project included the acquisition of certain property and such acquisition was included in the Agency SEQR review of the project including the evaluation of relevant impacts, facts and conclusions associated with the expansion of the commerce park. He stated a draft supplement generic environmental impact statement, final supplemental generic environmental impact statement and findings statement adopted by the Agency evaluated the relevant impacts, facts and conclusions associated with the acquisition of additional acreage including the property subject to these resolutions to accommodate the expansion of the park. He stated the Agency determined the project among other reasonable alternatives is one which minimizes or avoids adverse environmental affects to the maximum extent practicable. He stated the acquisition of the property would be carried out in the accordance with the conditions and threshold established in the final supplement GEIS and or findings statements thus avoiding, minimizing or mitigating any reasonable practicable adverse environmental impacts. He stated that is the substantive part of the SEQR resolution that is before the Agency for these two property acquisitions. He stated these are properties that are under option and the action before the Board is authorizing execution of option to purchase the 6
Jeff Davis stated as discussed previously the IDA embarked on a project to expand the White Pine Commerce Park and conducted a full SEQR review Generic Environmental Impact Statement process on that. He stated the project and criteria were based on the investigation and environmental EAF etc. He stated that project included the acquisition of certain property and such acquisition was included in the Agency SEQR review of the project including the evaluation of relevant impacts, facts and conclusions associated with the expansion of the commerce park. He stated a draft supplement generic environmental impact statement, final supplemental generic environmental impact statement and findings statement adopted by the Agency evaluated the relevant impacts, facts and conclusions associated with the acquisition of additional acreage including the property subject to these resolutions to accommodate the expansion of the park. He stated the Agency determined the project among other reasonable alternatives is one which minimizes or avoids adverse environmental affects to the maximum extent practicable. He stated the acquisition of the property would be carried out in the accordance with the conditions and threshold established in the final supplement GEIS and or findings statements thus avoiding, minimizing or mitigating any reasonable practicable adverse environmental impacts. He stated that is the substantive part of the SEQR resolution that is before the Agency for these two property acquisitions. He stated these are properties that are under option and the action before the Board is authorizing execution of option to purchase the 6 property. He stated there are two resolutions; first is adoption of the SEQR resolution and the second is the authorization to execute the options.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the adoption of SEQRA determination. Motion was carried. Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board approved a resolution to enter into purchase contracts and any related documents with respect to two parcels of property. Motion was carried.
property. He stated there are two resolutions; first is adoption of the SEQR resolution and the second is the authorization to execute the options.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the adoption of SEQRA determination. Motion was carried. Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board approved a resolution to enter into purchase contracts and any related documents with respect to two parcels of property. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board adjourned the meeting at 8:47 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary 7
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board adjourned the meeting at 8:47 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary 7
PHONE: 315.435.3770 • FAX: 315.435.3669 May 31, 2022
Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating Revenue 596,027 1,684,066 1,444,000 240,066 Administrative Expense 59,400 237,283 800,000 (562,717) Operating/Program Exp. 65,501 491,990 644,000 (152,010) Net Ordinary Income 471,126 954,793 - 954,793
PHONE: 315.435.3770 • FAX: 315.435.3669 May 31, 2022
Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating Revenue 596,027 1,684,066 1,444,000 240,066 Administrative Expense 59,400 237,283 800,000 (562,717) Operating/Program Exp. 65,501 491,990 644,000 (152,010) Net Ordinary Income 471,126 954,793 - 954,793 Current Assets Current YTD Prior YTD Total Cash 4,306,346 2,962,811 Less Pass Through Received 2,236 4,010 Available Cash 4,304,110 2,958,801 Receivables (less pass through rec.) 6,750 604,770 Grant Reimbursements - - Total 4,310,860 3,563,571 Reserve for Contracts County Operations 2022 562,717 333 W. Washington St 2022 Rent 47,496 OBG WPCP CO #4 Additional Studies 180,349 JMT 800 Hiawatha Engineering 6,657 Barclay Damon WPCP Options - Total 797,219 Receivables 0-120 days 6,750 > 120 days - Total 6,750 Current Assets Current YTD Prior YTD Total Cash 4,306,346 2,962,811 Less Pass Through Received 2,236 4,010 Available Cash 4,304,110 2,958,801 Receivables (less pass through rec.) 6,750 604,770 Grant Reimbursements - - Total 4,310,860 3,563,571 Reserve for Contracts County Operations 2022 562,717 333 W. Washington St 2022 Rent 47,496 OBG WPCP CO #4 Additional Studies 180,349 JMT 800 Hiawatha Engineering 6,657 Barclay Damon WPCP Options - Total 797,219 Receivables 0-120 days 6,750 > 120 days - Total 6,750 Onondaga County Industrial Development Agency Profit and Loss May 2022
Income
2116.1 Agency Fees 590,708.00 Total 2116 Fees 590,708.00 Total 500 Operating Revenue 590,708.00
2401 Interest Income 35.56 501.1 Subsidies Grants Donations 5,291.00 Total 501 Non-Operating Revenue 5,326.56
529 PILOT Income 57,102.90 Total 534 Pilot & Pass Thru Revenue 57,102.90 Total Income $653,137.46 GROSS PROFIT $653,137.46 Expenses
6401.1 D&O Insurance 5,978.00 Total 6401 Insurance 5,978.00 6405 General Accounting 583.20
6406.50 Consulting Services 2,500.00 Total 6406 Other Professional Services 2,500.00 6407 Administrative Expense 59,399.69 6408 Meeting Expenses 323.34 6409 Conference Attendence 140.00 6410 Office Expense 416.88 Total 6400 Operating Expense 69,341.11
6460 IDA General Legal 7,129.85 Total 6450 Barclay Damon 7,129.85 Total 6440 Legal Fees 7,129.85 Onondaga County Industrial Development Agency Profit and Loss May 2022
Income
2116.1 Agency Fees 590,708.00 Total 2116 Fees 590,708.00 Total 500 Operating Revenue 590,708.00
2401 Interest Income 35.56 501.1 Subsidies Grants Donations 5,291.00 Total 501 Non-Operating Revenue 5,326.56
529 PILOT Income 57,102.90 Total 534 Pilot & Pass Thru Revenue 57,102.90 Total Income $653,137.46 GROSS PROFIT $653,137.46 Expenses
6401.1 D&O Insurance 5,978.00 Total 6401 Insurance 5,978.00 6405 General Accounting 583.20
6406.50 Consulting Services 2,500.00 Total 6406 Other Professional Services 2,500.00 6407 Administrative Expense 59,399.69 6408 Meeting Expenses 323.34 6409 Conference Attendence 140.00 6410 Office Expense 416.88 Total 6400 Operating Expense 69,341.11
6460 IDA General Legal 7,129.85 Total 6450 Barclay Damon 7,129.85 Total 6440 Legal Fees 7,129.85 Accrual Basis Thursday, June 9, 2022 10:01 AM GMT-04:00 1/2 Onondaga County Industrial Development Agency Profit and Loss May 2022
6510.6 Taxes/SDC 7,624.57 6510.7 WPCP Marketing 7,041.83 6511 WPCP Closing Costs 32,363.50 Total 6510 White Pine Commerce Park 47,029.90
6520.1 435 N Salina Expenses 1,400.00 Total 6520 North Salina Property Acquisition 1,400.00 Total 6500 Agency Program Expenses 48,429.90
6605.2 PILOT Expense 57,102.90 Total 6605 Pilot & Pass Thru Expenses 57,102.90 Total 6600 Non-Operating Expenses 57,102.90 Total Expenses $182,003.76 NET OPERATING INCOME $471,133.70 NET INCOME $471,133.70 Accrual Basis Thursday, June 9, 2022 10:01 AM GMT-04:00 1/2 Onondaga County Industrial Development Agency Profit and Loss May 2022
6510.6 Taxes/SDC 7,624.57 6510.7 WPCP Marketing 7,041.83 6511 WPCP Closing Costs 32,363.50 Total 6510 White Pine Commerce Park 47,029.90
6520.1 435 N Salina Expenses 1,400.00 Total 6520 North Salina Property Acquisition 1,400.00 Total 6500 Agency Program Expenses 48,429.90
6605.2 PILOT Expense 57,102.90 Total 6605 Pilot & Pass Thru Expenses 57,102.90 Total 6600 Non-Operating Expenses 57,102.90 Total Expenses $182,003.76 NET OPERATING INCOME $471,133.70 NET INCOME $471,133.70 Accrual Basis Thursday, June 9, 2022 10:01 AM GMT-04:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of May 31, 2022
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 3,424,814.73 200.2 Cash - M & T Money Maker Savings 890,447.14 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 4,306,354.05 Total Bank Accounts $4,306,354.05 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 6,750.00 Total 380 Accounts Rec. 6,750.00 Total Accounts Receivable $6,750.00 Total Current Assets $4,313,104.05 Fixed Assets
101 White Pines Commerce Park 10,038,401.50
101.101 CHA GEIS 1 267,452.05 101.102 CHA GEIS 2 219,439.36 101.104 GEIS Reg Plan Board Overview 19,797.74 Total 101.1 WPCP GEIS 506,689.15 101.2 WPCP Legal 69,774.25 101.3 Engineering Services 52,675.00 101.301 Temporary Access 4,055.44 101.4 Environmental/Demo Services 10,318.98 Accrual Basis Thursday, June 9, 2022 10:01 AM GMT-04:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of May 31, 2022
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 3,424,814.73 200.2 Cash - M & T Money Maker Savings 890,447.14 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 4,306,354.05 Total Bank Accounts $4,306,354.05 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 6,750.00 Total 380 Accounts Rec. 6,750.00 Total Accounts Receivable $6,750.00 Total Current Assets $4,313,104.05 Fixed Assets
101 White Pines Commerce Park 10,038,401.50
101.101 CHA GEIS 1 267,452.05 101.102 CHA GEIS 2 219,439.36 101.104 GEIS Reg Plan Board Overview 19,797.74 Total 101.1 WPCP GEIS 506,689.15 101.2 WPCP Legal 69,774.25 101.3 Engineering Services 52,675.00 101.301 Temporary Access 4,055.44 101.4 Environmental/Demo Services 10,318.98 Accrual Basis Thursday, June 9, 2022 10:04 AM GMT-04:00 1/4 Onondaga County Industrial Development Agency Balance Sheet As of May 31, 2022
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 11,845,146.03 106 North Salina Properties 0.00 106.1 435 North Salina 17,083.55 106.3 435 North Salina Building 634,421.53 Total 106 North Salina Properties 651,505.08 107 800 Hiawatha 604,840.42 Total 100 Land 13,101,491.53
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 $19,186,419.53 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $23,501,165.34 Accrual Basis Thursday, June 9, 2022 10:04 AM GMT-04:00 1/4 Onondaga County Industrial Development Agency Balance Sheet As of May 31, 2022
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 11,845,146.03 106 North Salina Properties 0.00 106.1 435 North Salina 17,083.55 106.3 435 North Salina Building 634,421.53 Total 106 North Salina Properties 651,505.08 107 800 Hiawatha 604,840.42 Total 100 Land 13,101,491.53
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 $19,186,419.53 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $23,501,165.34 Accrual Basis Thursday, June 9, 2022 10:04 AM GMT-04:00 2/4 Onondaga County Industrial Development Agency Balance Sheet As of May 31, 2022
Liabilities Current Liabilities Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 237,282.38 600.102 Due to BD WPCP 41,841.66 600.205 Exp Pay Prev Period 53,063.44 600.206 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 10,723,020.23 600.31 Accrued Interest - OC Note Payable 2,129.00 Total 600.3 Onondaga County Loan 10,725,149.23 Total 600 Accounts Payable 11,082,929.05
602 Pass Thru Payable -32,470.46 603 PILOT Pass Thru 32,470.46 604 Other Pass Thrus -0.30 Total 601 PILOT and Pass Thru Payable -0.30
631.12 Dewitt 12.82 631.145 Onondaga 2.61 Total 631.1 Towns 15.43
631.325 Jamesville-Dewitt 83.89 631.356 Syracuse 0.01 Total 631.3 Schools 83.90 631.4 Onondaga County 836.24 631.5 City of Syracuse 1,300.58 Total 631 Due to Other Governments 2,236.15 Total Other Current Liabilities $11,085,164.90 Total Current Liabilities $11,085,164.90 Total Liabilities $11,085,164.90 Equity 3900 Equity Unreserved 8,742,531.91 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 797,219.00 465 Equity - Unreserved -424,390.00 Accrual Basis Thursday, June 9, 2022 10:04 AM GMT-04:00 2/4 Onondaga County Industrial Development Agency Balance Sheet As of May 31, 2022
Liabilities Current Liabilities Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 237,282.38 600.102 Due to BD WPCP 41,841.66 600.205 Exp Pay Prev Period 53,063.44 600.206 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 10,723,020.23 600.31 Accrued Interest - OC Note Payable 2,129.00 Total 600.3 Onondaga County Loan 10,725,149.23 Total 600 Accounts Payable 11,082,929.05
602 Pass Thru Payable -32,470.46 603 PILOT Pass Thru 32,470.46 604 Other Pass Thrus -0.30 Total 601 PILOT and Pass Thru Payable -0.30
631.12 Dewitt 12.82 631.145 Onondaga 2.61 Total 631.1 Towns 15.43
631.325 Jamesville-Dewitt 83.89 631.356 Syracuse 0.01 Total 631.3 Schools 83.90 631.4 Onondaga County 836.24 631.5 City of Syracuse 1,300.58 Total 631 Due to Other Governments 2,236.15 Total Other Current Liabilities $11,085,164.90 Total Current Liabilities $11,085,164.90 Total Liabilities $11,085,164.90 Equity 3900 Equity Unreserved 8,742,531.91 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 797,219.00 465 Equity - Unreserved -424,390.00 Accrual Basis Thursday, June 9, 2022 10:04 AM GMT-04:00 3/4 Onondaga County Industrial Development Agency Balance Sheet As of May 31, 2022
Net Income 954,800.90 Total Equity $12,416,000.44 TOTAL LIABILITIES AND EQUITY $23,501,165.34 Accrual Basis Thursday, June 9, 2022 10:04 AM GMT-04:00 4/4 Accrual Basis Thursday, June 9, 2022 10:04 AM GMT-04:00 3/4 Onondaga County Industrial Development Agency Balance Sheet As of May 31, 2022
Net Income 954,800.90 Total Equity $12,416,000.44 TOTAL LIABILITIES AND EQUITY $23,501,165.34 Accrual Basis Thursday, June 9, 2022 10:04 AM GMT-04:00 4/4
PAYMENT OF BILL - SCHEDULE #470 June 14, 2022
PAYMENT OF BILL - SCHEDULE #470 June 14, 2022
1. BARCLAY DAMON LLP* $ 64,586.90 Purchase of Land 2. KAREN DOSTER** $ 58.16 Reimbursement for Meeting Expenses 3. BARCLAY DAMON LLP*** $ 153,044.60 Purchase of Land 4. BARCLAY DAMON LLP**** $ 297,258.89 Purchase of Land 5. BARCLAY DAMON LLP**** $ 575,190.00 Purchase of Land 6. BARCLAY DAMON LLP**** $ 211,655.50 Purchase of Land 7. BARCLAY DAMON LLP**** $ 629,065.51 Purchase of Land 8. BARCLAY DAMON LLP***** $ 201,936.67 Purchase of Land 9. CNY POMEROY APPRAISERS, INC.****** $ 1,400.00
Inv#16586445, Inv# 16586588 May-June 2022 Consulting 11. BARCLAY DAMON LLP $ 146,627.55 Legal Fees WPCP Development 1 Schedule #470 12. BARCLAY DAMON LLP $ 2,401.10 Inv#5173804, General legal 13. GROSSMAN ST. AMOUR PLLC $ 14,000.00 Inv#83269, 2021 Audit Final Billing
1. BARCLAY DAMON LLP* $ 64,586.90 Purchase of Land 2. KAREN DOSTER** $ 58.16 Reimbursement for Meeting Expenses 3. BARCLAY DAMON LLP*** $ 153,044.60 Purchase of Land 4. BARCLAY DAMON LLP**** $ 297,258.89 Purchase of Land 5. BARCLAY DAMON LLP**** $ 575,190.00 Purchase of Land 6. BARCLAY DAMON LLP**** $ 211,655.50 Purchase of Land 7. BARCLAY DAMON LLP**** $ 629,065.51 Purchase of Land 8. BARCLAY DAMON LLP***** $ 201,936.67 Purchase of Land 9. CNY POMEROY APPRAISERS, INC.****** $ 1,400.00
Inv#16586445, Inv# 16586588 May-June 2022 Consulting 11. BARCLAY DAMON LLP $ 146,627.55 Legal Fees WPCP Development 1 Schedule #470 12. BARCLAY DAMON LLP $ 2,401.10 Inv#5173804, General legal 13. GROSSMAN ST. AMOUR PLLC $ 14,000.00 Inv#83269, 2021 Audit Final Billing 14. JMT OF NEW YORK, INC. $ 32,838.89 Inv#'s 25-102645, 26-102707, 29-102846, 30-102925 ROTH Engineering 15. NATIONWIDE $ 2,787.20 Commercial Liability Insurance Premium 1st Payment 16. ADVANCE MEDIA NEW YORK $ 171.44
17. FEDEX $ 81.51 Inv#'s 7-720-05455, 7-721-99848 & 7-756-70711, Shipping 18. CENTERSTATE CEO $ 110.00 Inv#0008232-IN, Annual Meeting 19. CRYSTAL ROCK $ 59.84 Inv#221960031 051522, Water 20. ROBERT PETROVICH $ 99.45 NYSEDC Annual Meeting 21. NATE STEVENS $ 144.70 NYSEDC Annual Meeting 22. NANCY LOWERY $ 122.07 NYSEDC Annual Meeting 2 Schedule #470 23. LEN RAUCH $ 144.70 NYSEDC Annual Meeting TOTAL $ 2,338,103.92 14. JMT OF NEW YORK, INC. $ 32,838.89 Inv#'s 25-102645, 26-102707, 29-102846, 30-102925 ROTH Engineering 15. NATIONWIDE $ 2,787.20 Commercial Liability Insurance Premium 1st Payment 16. ADVANCE MEDIA NEW YORK $ 171.44
17. FEDEX $ 81.51 Inv#'s 7-720-05455, 7-721-99848 & 7-756-70711, Shipping 18. CENTERSTATE CEO $ 110.00 Inv#0008232-IN, Annual Meeting 19. CRYSTAL ROCK $ 59.84 Inv#221960031 051522, Water 20. ROBERT PETROVICH $ 99.45 NYSEDC Annual Meeting 21. NATE STEVENS $ 144.70 NYSEDC Annual Meeting 22. NANCY LOWERY $ 122.07 NYSEDC Annual Meeting 2 Schedule #470 23. LEN RAUCH $ 144.70 NYSEDC Annual Meeting TOTAL $ 2,338,103.92 *Ratification of Check dated May 5, 2022 **Ratification of Check dated May 10, 2022 ***Ratification of Check dated May 12, 2022 ****Ratification of Checks dated May 19, 2022 *****Ratification of Check dated May 26, 2022 *****Ratification of Check dated May 27, 2022 3 *Ratification of Check dated May 5, 2022 **Ratification of Check dated May 10, 2022 ***Ratification of Check dated May 12, 2022 ****Ratification of Checks dated May 19, 2022 *****Ratification of Check dated May 26, 2022 *****Ratification of Check dated May 27, 2022 3
PAYMENT OF BILL - SCHEDULE #470 June 14, 2022 PILOT Payments 1. ONONDAGA COUNTY* $ 7,913.78
2. TOWN OF CAMILLUS* $ 5,640.87
3. VILLAGE OF CAMILLUS* $ 975.52
4. TOWN OF ELBRIDGE* $ 2,298.31
5. TOWN OF GEDDES* $ 76.46
6. VILLAGE OF SOLVAY* $ 611.15
7. WEST GENESEE CSD* $ 13,701.23
8. SOLVAY UNION FSD* $ 3,901.55
9. JORDAN ELBRIDGE CSD* $ 19,456.66
10. MARCELUS CSD* $ 291.23
11. ONONDAGA COUNTY $ 836.24 1st Quarter 2022 Syracuse Rail PILOT Payment 12. CITY OF SYRACUSE $ 1,300.58 1st Quarter 2022 Syracuse Rail PILOT Payment 1
PAYMENT OF BILL - SCHEDULE #470 June 14, 2022 PILOT Payments 1. ONONDAGA COUNTY* $ 7,913.78
2. TOWN OF CAMILLUS* $ 5,640.87
3. VILLAGE OF CAMILLUS* $ 975.52
4. TOWN OF ELBRIDGE* $ 2,298.31
5. TOWN OF GEDDES* $ 76.46
6. VILLAGE OF SOLVAY* $ 611.15
7. WEST GENESEE CSD* $ 13,701.23
8. SOLVAY UNION FSD* $ 3,901.55
9. JORDAN ELBRIDGE CSD* $ 19,456.66
10. MARCELUS CSD* $ 291.23
11. ONONDAGA COUNTY $ 836.24 1st Quarter 2022 Syracuse Rail PILOT Payment 12. CITY OF SYRACUSE $ 1,300.58 1st Quarter 2022 Syracuse Rail PILOT Payment 1 Schedule #470 13. TOWN OF ONONDAGA $ 2.61 1st Quarter 2022 Syracuse Rail PILOT Payment 14. TOWN OF DEWITT $ 12.82 1st Quarter 2022 Syracuse Rail PILOT Payment 15. JAMESVILLE DEWITT CSD $ 83.89 1st Quarter 2022 Syracuse Rail PILOT Payment TOTAL $ 57,102.90 *Ratification of Checks dated May 9, 2022 2 Schedule #470 13. TOWN OF ONONDAGA $ 2.61 1st Quarter 2022 Syracuse Rail PILOT Payment 14. TOWN OF DEWITT $ 12.82 1st Quarter 2022 Syracuse Rail PILOT Payment 15. JAMESVILLE DEWITT CSD $ 83.89 1st Quarter 2022 Syracuse Rail PILOT Payment TOTAL $ 57,102.90 *Ratification of Checks dated May 9, 2022 2
DESCRIPTION TERM CONTRACT PAID OUTSTANDING ONONDAGA COUNTY OED 2021 1-1-22-12-31-22 $800,000.00 $237,282.82 $562,717.18 333 W. WASHINGTON ST 2022 RENT 1-1-22-12-31-22 $60,000.00 $12,504.00 $47,496.00 OBG WPCP CO #4 ADDITIONAL STUDIES 11-30-18-12-31-22 $800,000.00 $619,651.25 $180,348.75 JMT 800 HIAWATHA ENGINEERING 2/13/19-12-31-22 $25,000.00 $18,342.60 $6,657.40 $1,685,000.00 $887,780.67 $797,219.33
DESCRIPTION TERM CONTRACT PAID OUTSTANDING ONONDAGA COUNTY OED 2021 1-1-22-12-31-22 $800,000.00 $237,282.82 $562,717.18 333 W. WASHINGTON ST 2022 RENT 1-1-22-12-31-22 $60,000.00 $12,504.00 $47,496.00 OBG WPCP CO #4 ADDITIONAL STUDIES 11-30-18-12-31-22 $800,000.00 $619,651.25 $180,348.75 JMT 800 HIAWATHA ENGINEERING 2/13/19-12-31-22 $25,000.00 $18,342.60 $6,657.40 $1,685,000.00 $887,780.67 $797,219.33
AGENCY FEES RECEIVABLE $3,000.00 ACCOUNTS RECEIVABLE GENERAL $3,750.00 TOTAL $6,750.00 On ndaga C un y Indus ial D v l pm n Ag n y Summa y DRAFT J W Didad El i , LLC 2 Numb 3 0 -22-02A 3 L ai n Cl y 4 S h l Dis i iverpool School District
5 Tax a l(s) 7.- - . Villag
AGENCY FEES RECEIVABLE $3,000.00 ACCOUNTS RECEIVABLE GENERAL $3,750.00 TOTAL $6,750.00 On ndaga C un y Indus ial D v l pm n Ag n y Summa y DRAFT J W Didad El i , LLC 2 Numb 3 0 -22-02A 3 L ai n Cl y 4 S h l Dis i iverpool School District
5 Tax a l(s) 7.- - . Villag 7 T al C s $ 8,075,0 5 00 8 T al J bs $ 36 , A. Job Rete tio Site Work $ ,5 , B: Job Cre tio Buil i g $ ,6 , (Next 5 Ye rs) Fur iture & Fixtures $ , 5 Equipme t $ 335, Equipme t Subject to NYS Pro uctio Exemptio $ - E gi eeri g Architecture Fees $ , Fi ci l Ch rges $ - eg l Fees $ 5 , Other $ - C s B n fi Analysis J W Didad El i , LLC D s ip i n Fis al Impa ($) Es ima d Aba m n C s $624,089 S les T x Ab teme t $3 3, Mortg ge Recor i g T x Ab teme t $5 , 79 Re l Property T x Relief $ 9,6 7 T al C s $ 8,075,0 5 00 8 T al J bs $ 36 , A. Job Rete tio Site Work $ ,5 , B: Job Cre tio Buil i g $ ,6 , (Next 5 Ye rs) Fur iture & Fixtures $ , 5 Equipme t $ 335, Equipme t Subject to NYS Pro uctio Exemptio $ - E gi eeri g Architecture Fees $ , Fi ci l Ch rges $ - eg l Fees $ 5 , Other $ - C s B n fi Analysis J W Didad El i , LLC D s ip i n Fis al Impa ($) Es ima d Aba m n C s $624,089 S les T x Ab teme t $3 3, Mortg ge Recor i g T x Ab teme t $5 , 79 Re l Property T x Relief $ 9,6 N w Inv s m n $24,432,047 PI OT P yme ts $ 9 ,9 9 The pplic t is co structi g pproxim te , sqft buil i g o . 7- cres p rcel i the Project W ges ( ye rs) $ ,365, Tow of Cl y. The buil i g will house tr i i g sp ce, tooli g e-tooli g of trucks, clim te Co structio W ges $ ,7 , co trolle s fety equime t stor ge, ge er l stor ge office sp ce. JW Di o Electric is full service electic l co tr ctor th t esig s buil s electric l subst tio s, m i t i s Employee Be efits ( ye rs) $ , 73, rep irs high volt ge tr smissio li es powe restor tio . Project C pit l I vestme t $7, 6 , Age cy Fees $ ,93 B n fi :C s Ra i 39 : C py igh On ndaga C un y Indus y D v l pm n Ag n y, All Righ s R s v d N w Inv s m n $24,432,047 PI OT P yme ts $ 9 ,9 9 The pplic t is co structi g pproxim te , sqft buil i g o . 7- cres p rcel i the Project W ges ( ye rs) $ ,365, Tow of Cl y. The buil i g will house tr i i g sp ce, tooli g e-tooli g of trucks, clim te Co structio W ges $ ,7 , co trolle s fety equime t stor ge, ge er l stor ge office sp ce. JW Di o Electric is full service electic l co tr ctor th t esig s buil s electric l subst tio s, m i t i s Employee Be efits ( ye rs) $ , 73, rep irs high volt ge tr smissio li es powe restor tio . Project C pit l I vestme t $7, 6 , Age cy Fees $ ,93 B n fi :C s Ra i 39 : C py igh On ndaga C un y Indus y D v l pm n Ag n y, All Righ s R s v d J.W. Didado Electric, LLC 6/13/2022 A) PILOTS Estimate Table Worksheet DRAFT for 15 years OCIDA estimate of current market value $ 163,488 Projected investment $ 4,600,000 OCIDA estimate of increase in value $ 840,000 OCIDA estimated value after project is completed $ 1,003,488 Taxes that would have been collected if the project did not occur $ 96,867 Scheduled PILOT payments $ 290,909 J.W. Didado Electric, LLC 6/13/2022 A) PILOTS Estimate Table Worksheet DRAFT for 15 years OCIDA estimate of current market value $ 163,488 Projected investment $ 4,600,000 OCIDA estimate of increase in value $ 840,000 OCIDA estimated value after project is completed $ 1,003,488 Taxes that would have been collected if the project did not occur $ 96,867 Scheduled PILOT payments $ 290,909 Liverpool Full Tax Onondaga PILOT YEAR Exemption % Clay School 0 Total PILOT Payment w/o Net Exemption County District PILOT 1 100% $ 828 $ 415 $ 4,359 $ - $ 5,601.36 $ 34,381 $ 28,780 2 100% $ 844 $ 423 $ 4,446 $ - $ 5,713.39 $ 35,069 $ 29,355 3 90% $ 1,304 $ 653 $ 6,865 $ - $ 8,821.90 $ 35,770 $ 26,948 4 90% $ 1,330 $ 666 $ 7,002 $ - $ 8,998.34 $ 36,486 $ 27,487 5 80% $ 1,817 $ 910 $ 9,566 $ - $ 12,293.52 $ 37,215 $ 24,922 6 80% $ 1,853 $ 928 $ 9,758 $ - $ 12,539.39 $ 37,960 $ 25,420 7 70% $ 2,369 $ 1,187 $ 12,475 $ - $ 16,031.24 $ 38,719 $ 22,687 8 70% $ 2,417 $ 1,211 $ 12,724 $ - $ 16,351.87 $ 39,493 $ 23,141 9 60% $ 2,963 $ 1,485 $ 15,603 $ - $ 20,050.91 $ 40,283 $ 20,232 10 60% $ 3,023 $ 1,514 $ 15,915 $ - $ 20,451.93 $ 41,089 $ 20,637 11 50% $ 3,602 $ 1,804 $ 18,963 $ - $ 24,369.20 $ 41,910 $ 17,541 12 40% $ 4,202 $ 2,105 $ 22,127 $ - $ 28,434.99 $ 42,749 $ 14,314 13 30% $ 4,826 $ 2,418 $ 25,410 $ - $ 32,653.65 $ 43,604 $ 10,950 14 20% $ 5,473 $ 2,742 $ 28,815 $ - $ 37,029.69 $ 44,476 $ 7,446 15 10% $ 6,143 $ 3,078 $ 32,347 $ - $ 41,567.72 $ 45,365 $ 3,797 TOTAL $ 42,993 $ 21,540 $ 226,376 $ - $ 290,909 $ 594,567 $ 303,658 Liverpool Full Tax Onondaga PILOT YEAR Exemption % Clay School 0 Total PILOT Payment w/o Net Exemption County District PILOT 1 100% $ 828 $ 415 $ 4,359 $ - $ 5,601.36 $ 34,381 $ 28,780 2 100% $ 844 $ 423 $ 4,446 $ - $ 5,713.39 $ 35,069 $ 29,355 3 90% $ 1,304 $ 653 $ 6,865 $ - $ 8,821.90 $ 35,770 $ 26,948 4 90% $ 1,330 $ 666 $ 7,002 $ - $ 8,998.34 $ 36,486 $ 27,487 5 80% $ 1,817 $ 910 $ 9,566 $ - $ 12,293.52 $ 37,215 $ 24,922 6 80% $ 1,853 $ 928 $ 9,758 $ - $ 12,539.39 $ 37,960 $ 25,420 7 70% $ 2,369 $ 1,187 $ 12,475 $ - $ 16,031.24 $ 38,719 $ 22,687 8 70% $ 2,417 $ 1,211 $ 12,724 $ - $ 16,351.87 $ 39,493 $ 23,141 9 60% $ 2,963 $ 1,485 $ 15,603 $ - $ 20,050.91 $ 40,283 $ 20,232 10 60% $ 3,023 $ 1,514 $ 15,915 $ - $ 20,451.93 $ 41,089 $ 20,637 11 50% $ 3,602 $ 1,804 $ 18,963 $ - $ 24,369.20 $ 41,910 $ 17,541 12 40% $ 4,202 $ 2,105 $ 22,127 $ - $ 28,434.99 $ 42,749 $ 14,314 13 30% $ 4,826 $ 2,418 $ 25,410 $ - $ 32,653.65 $ 43,604 $ 10,950 14 20% $ 5,473 $ 2,742 $ 28,815 $ - $ 37,029.69 $ 44,476 $ 7,446 15 10% $ 6,143 $ 3,078 $ 32,347 $ - $ 41,567.72 $ 45,365 $ 3,797 TOTAL $ 42,993 $ 21,540 $ 226,376 $ - $ 290,909 $ 594,567 $ 303,658 Year 0 1 2 3 Total Jobs Current/Actuals Creation Goals Total Employment Goals 0 7 8 3 18 Copyright Onondaga County Industry Development Agency, All Rights Reserved
(Removal of G & R Morgan Road) Year 0 1 2 3 Total Jobs Current/Actuals Creation Goals Total Employment Goals 0 7 8 3 18 Copyright Onondaga County Industry Development Agency, All Rights Reserved
(Removal of G & R Morgan Road)
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.
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. 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.
6. 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.
7. 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.
5. 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.
6. 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.
7. 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.
8. 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.
This Application Local Access Agreement Employment Plan Onondaga County Industrial Development Agency Page 1
(Removal of G & R Morgan Road) 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 10. This Application was adopted by the OCIDA Board on January 18, 2022.
Onondaga County Industrial Development Agency Page 2
(Removal of G & R Morgan Road) 8. 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.
This Application Local Access Agreement Employment Plan Onondaga County Industrial Development Agency Page 1
(Removal of G & R Morgan Road) 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 10. This Application was adopted by the OCIDA Board on January 18, 2022.
Onondaga County Industrial Development Agency Page 2
(Removal of G & R Morgan Road) 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: _____________
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: _____________
A) Applicant/Project Operator information (company receiving benefits):
Applicant/Project Operator: Click here to enter text. J.W. Didado Electric, LLC
Applicant/ Project Operator Address: 1033 Kelly Avenue, Akron, OH 44306 Phone: 330.374.0070 Fax: 330.374.0620 Website: www.jwdidado.com E-mail:
Federal ID#: 47-3297963 (JWD); NAICS: 237130 and 238210 State and Year of Incorporation/Organization: __________________________________________ Delaware 2015 Owner (if different from Applicant/Project Operator): ____________________________________ N/A Owner Address: N/A Federal ID#: N/A State and Year of Incorporation/Organization: N/A List of stockholders, members, or partners of Owner:
________________________________________________________________________________ N/A B) Individual Completing Application:
Name: Gary Didado Title: President Address: 1033 Kelly Avenue, Akron, OH 44306 Phone: 330.374.0070 Fax: 330.374.0620 E-mail: gary@jwdidado.com Onondaga County Industrial Development Agency Page 1
(Removal of G & R Morgan Road) A) Applicant/Project Operator information (company receiving benefits):
Applicant/Project Operator: Click here to enter text. J.W. Didado Electric, LLC
Applicant/ Project Operator Address: 1033 Kelly Avenue, Akron, OH 44306 Phone: 330.374.0070 Fax: 330.374.0620 Website: www.jwdidado.com E-mail:
Federal ID#: 47-3297963 (JWD); NAICS: 237130 and 238210 State and Year of Incorporation/Organization: __________________________________________ Delaware 2015 Owner (if different from Applicant/Project Operator): ____________________________________ N/A Owner Address: N/A Federal ID#: N/A State and Year of Incorporation/Organization: N/A List of stockholders, members, or partners of Owner:
________________________________________________________________________________ N/A B) Individual Completing Application:
Name: Gary Didado Title: President Address: 1033 Kelly Avenue, Akron, OH 44306 Phone: 330.374.0070 Fax: 330.374.0620 E-mail: gary@jwdidado.com Onondaga County Industrial Development Agency Page 1
(Removal of G & R Morgan Road) C) Company Contact (if different from individual completing application):
Name: Michelle Molinet Title: CFO Address: 1033 Kelly Avenue, Akron, OH 44306 Phone: 330.374.0070 Cell Phone: 330.696.3654 E-mail: mmolinet@jwdidado.com D) Company Counsel:
Name of Attorney: Genevieve M. Trigg, Esq.
Firm Name: Barclay Damon LLP Address: 80 State Street, Albany, New York 12207 Phone: 518.429.4265 Cell Phone: 518.860.9032 E-mail: gtrigg@barclaydamon.com E) Business Organization (check appropriate category):
☐ Corporation ☐Partnership ☐ Public Corporation ☐Joint Venture ☐ Sole Proprietorship ☐Limited Liability Company ☐ Other (please specify):
Year Established: 2015 State in which Organization is established: Delaware F) List all stockholders, members, or partners with % of ownership greater than 5%: Name % of ownership Quanta Services, Inc. 100% Onondaga County Industrial Development Agency Page 2
(Removal of G & R Morgan Road) G) Applicant Business Description:
C) Company Contact (if different from individual completing application):
Name: Michelle Molinet Title: CFO Address: 1033 Kelly Avenue, Akron, OH 44306 Phone: 330.374.0070 Cell Phone: 330.696.3654 E-mail: mmolinet@jwdidado.com D) Company Counsel:
Name of Attorney: Genevieve M. Trigg, Esq.
Firm Name: Barclay Damon LLP Address: 80 State Street, Albany, New York 12207 Phone: 518.429.4265 Cell Phone: 518.860.9032 E-mail: gtrigg@barclaydamon.com E) Business Organization (check appropriate category):
☐ Corporation ☐Partnership ☐ Public Corporation ☐Joint Venture ☐ Sole Proprietorship ☐Limited Liability Company ☐ Other (please specify):
Year Established: 2015 State in which Organization is established: Delaware F) List all stockholders, members, or partners with % of ownership greater than 5%: Name % of ownership Quanta Services, Inc. 100% Onondaga County Industrial Development Agency Page 2
(Removal of G & R Morgan Road) G) Applicant Business Description:
Estimated % of sales within Onondaga County: ________________________________________ 1% Estimated % of sales outside Onondaga County but within New York State: 30% Estimated % of sales outside New York State but within the U.S.: 69% Estimated % of sales outside the U.S.: 0 (*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 Estimated % of sales within Onondaga County: ________________________________________ 1% Estimated % of sales outside Onondaga County but within New York State: 30% Estimated % of sales outside New York State but within the U.S.: 69% Estimated % of sales outside the U.S.: 0 (*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 Onondaga County Industrial Development Agency Page 3
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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: Morgan Road Legal Address (if different): TBD after construction City: Village/Town: Town of Clay Zip Code: 13041 School District: Liverpool Tax Map Parcel ID(s): 087.-01-01.1 Full Market Value: ________________ $163,488 Footage of Existing Building: _________________ 0 Census Tract: ___________________________________________________________________ 113 B) Type (Check all that apply):
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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: Morgan Road Legal Address (if different): TBD after construction City: Village/Town: Town of Clay Zip Code: 13041 School District: Liverpool Tax Map Parcel ID(s): 087.-01-01.1 Full Market Value: ________________ $163,488 Footage of Existing Building: _________________ 0 Census Tract: ___________________________________________________________________ 113 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:
☐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).
See attached. Onondaga County Industrial Development Agency Page 4
(Removal of G & R Morgan Road) 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 ☐ 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).
See attached. Onondaga County Industrial Development Agency Page 4
(Removal of G & R Morgan Road) 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 ☐ Industrial ☐Bank Office ☐ Acquisition of Existing Facility ☐Retail ( see page 14) ☐ Housing Project ( see page 17 ) ☐Mixed Use ☐ Equipment Purchase ☐Facility for Aging ☐ Multi-Use Tenant ☐Civic Facility (not for profit) ☐ Renewable Energy Project ( see page 15) ☐Other ______________________ ☐ Commercial F) If applicant will not occupy 100% of the building in a real estate transaction, provide information on tenant(s) that includes name, present address, and percentage of project to be leased, type of business organization, relationship to applicant, date and term of lease. G) For the Agency to consider this Project, please provide the following information: 1. Does the Project consist of new construction or expansion or substantial renovation of an existing facility?
☐Yes ☐No 2. Will the Project create new employment opportunities or retain existing jobs that may otherwise be lost?
☐Yes ☐No 3. Does the Project beneficiary serve a customer base primarily outside of Onondaga County?
☐Yes ☐No ☐ Industrial ☐Bank Office ☐ Acquisition of Existing Facility ☐Retail ( see page 14) ☐ Housing Project ( see page 17 ) ☐Mixed Use ☐ Equipment Purchase ☐Facility for Aging ☐ Multi-Use Tenant ☐Civic Facility (not for profit) ☐ Renewable Energy Project ( see page 15) ☐Other ______________________ ☐ Commercial F) If applicant will not occupy 100% of the building in a real estate transaction, provide information on tenant(s) that includes name, present address, and percentage of project to be leased, type of business organization, relationship to applicant, date and term of lease. G) For the Agency to consider this Project, please provide the following information: 1. Does the Project consist of new construction or expansion or substantial renovation of an existing facility?
☐Yes ☐No 2. Will the Project create new employment opportunities or retain existing jobs that may otherwise be lost?
☐Yes ☐No 3. Does the Project beneficiary serve a customer base primarily outside of Onondaga County?
☐Yes ☐No H) Will the completion of the Project result in the removal of an industrial or manufacturing plant of the company from one area of the state to another area of the state OR in the abandonment of one or more plants or facilities of the company located within the state? Please explain if you answer “Yes” by attaching a response.
☐Yes ☐No I) Please attach a description of any compelling circumstances the Agency should be aware of while reviewing this application.
J) Local Approvals (Site Plan and Environmental Review) 1. Have site plans been submitted to the appropriate town or local planning department? ☐Yes. What is the status? ☐No. When will the plans be submitted? _______________________________________________________ The first Planning Board meeting is 02.23.2022 Onondaga County Industrial Development Agency Page 5 H) Will the completion of the Project result in the removal of an industrial or manufacturing plant of the company from one area of the state to another area of the state OR in the abandonment of one or more plants or facilities of the company located within the state? Please explain if you answer “Yes” by attaching a response.
☐Yes ☐No I) Please attach a description of any compelling circumstances the Agency should be aware of while reviewing this application.
J) Local Approvals (Site Plan and Environmental Review) 1. Have site plans been submitted to the appropriate town or local planning department? ☐Yes. What is the status? ☐No. When will the plans be submitted? _______________________________________________________ The first Planning Board meeting is 02.23.2022 Onondaga County Industrial Development Agency Page 5
(Removal of G & R Morgan Road) 2. Has the project received site plan approval from the town or local planning board? ☐Yes ☐No 3. If no, what is the anticipated approval date? ________________________________
4. If yes, provide the Agency with a copy of the Planning Board’s approval resolution along with the related SEQR determination. (NOTE: SEQR determination is required for final approval and sales tax agency appointment.)
a. Please attach the appropriate Environmental Impact Forms to your application. Here is a link to the SEQR forms: http://www.dec.ny.gov/permits/6191.html b. Have any environmental issues been identified on the property? ☐Yes ☐No If yes, please attach an explanation.
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A) Project Costs and Finances
(Removal of G & R Morgan Road) 2. Has the project received site plan approval from the town or local planning board? ☐Yes ☐No 3. If no, what is the anticipated approval date? ________________________________
4. If yes, provide the Agency with a copy of the Planning Board’s approval resolution along with the related SEQR determination. (NOTE: SEQR determination is required for final approval and sales tax agency appointment.)
a. Please attach the appropriate Environmental Impact Forms to your application. Here is a link to the SEQR forms: http://www.dec.ny.gov/permits/6191.html b. Have any environmental issues been identified on the property? ☐Yes ☐No If yes, please attach an explanation.
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A) Project Costs and Finances Description of Costs Total % of Total Total Private Expenditure Budget Budget to be (should be less than or Amount Procured in equal to total budget Onondaga amount) County Land Acquisition 360,000.00 100% 360,000.00 Site Work/Demo 2,500,000.00 Building Construction & Renovation
Furniture & Fixtures 110,015.00 110,015.00 Equipment* 335,000.00 335,000.00 Engineering/Architect 120,000.00 120,000.00 sFinancial Charges Legal 50,000.00 50,000.00 Other Management/Developer Fees Total Project Cost 8,075,015.00 Note: Do not include OCIDA fees, OCIDA application fees or OCIDA legal fees as part of the Total Project Cost. You may attach a separate chart if needed.
B) TOTAL Capital Costs $ 7,460,000.00 Description of Costs Total % of Total Total Private Expenditure Budget Budget to be (should be less than or Amount Procured in equal to total budget Onondaga amount) County Land Acquisition 360,000.00 100% 360,000.00 Site Work/Demo 2,500,000.00 Building Construction & Renovation
Furniture & Fixtures 110,015.00 110,015.00 Equipment* 335,000.00 335,000.00 Engineering/Architect 120,000.00 120,000.00 sFinancial Charges Legal 50,000.00 50,000.00 Other Management/Developer Fees Total Project Cost 8,075,015.00 Note: Do not include OCIDA fees, OCIDA application fees or OCIDA legal fees as part of the Total Project Cost. You may attach a separate chart if needed.
B) TOTAL Capital Costs $ 7,460,000.00 Project refinancing: estimated amount (For refinancing of existing debt only) $ 0.00 Sources of Funds for Project Costs:
1. Bank Financing $ _______________
2. Equity (excluding equity that is attributed to grants/tax credits) $ 1,211,252.255 3. Tax Exempt Bond Issuance (if applicable) $ _______________
4. Taxable Bond Issuance (if applicable) $ 0.00 Onondaga County Industrial Development Agency Page 7
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and tax credits) $ 0.00 Project refinancing: estimated amount (For refinancing of existing debt only) $ 0.00 Sources of Funds for Project Costs:
1. Bank Financing $ _______________
2. Equity (excluding equity that is attributed to grants/tax credits) $ 1,211,252.255 3. Tax Exempt Bond Issuance (if applicable) $ _______________
4. Taxable Bond Issuance (if applicable) $ 0.00 Onondaga County Industrial Development Agency Page 7
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and tax credits) $ 0.00 -Identify each state and federal grant/credit:
$ 0.00 $ 0.00 $ 0.00 6. Total Sources of Funds for Project Costs $ _______________
C) Employment and Payroll Information *Full Time Equivalent (FTE) is defined as one employee working no less than 40 hours per week or two or more employees together working a total of 40 hours per week.
☐Yes ☐No If yes, provide number of FTE jobs at the facility:
-Identify each state and federal grant/credit:
$ 0.00 $ 0.00 $ 0.00 6. Total Sources of Funds for Project Costs $ _______________
C) Employment and Payroll Information *Full Time Equivalent (FTE) is defined as one employee working no less than 40 hours per week or two or more employees together working a total of 40 hours per week.
☐Yes ☐No If yes, provide number of FTE jobs at the facility:
Estimate the number of FTE jobs to be retained as a result of this Project: 0 Estimate the number of construction jobs to be created by this Project: 80 Estimate the average length of construction jobs to be created (months): 6-months Current annual payroll at facility: N/A Please list, if any, benefits that will be available to either full and/or part time Health insurance/401K/PTO* employees:
Average annual benefit paid by the $13k (Healthcare) plus 401k Match (4.5% of 1st 6%) company ($ or % salary) per FTE job:
Amount or percent of wage employees pay for benefits:
0% (Company pays 100%) Provide an estimate of the number of residents in the Economic Development Region (Onondaga, Madison, Cayuga, Oneida, Oswego, and Cortland Counties) to fill new FTE jobs:
100% *Additional optional/elective benefits include: Long & Short Term Disability/Life Insurance Employee Assistance Plan/LifeLock/Metlife Critical Illness/Hospital Indemnity Insurance Accident Insurance/Healthcare Flex Spending Account/Dependent Care Flex Spending Account Estimate the number of FTE jobs to be retained as a result of this Project: 0 Estimate the number of construction jobs to be created by this Project: 80 Estimate the average length of construction jobs to be created (months): 6-months Current annual payroll at facility: N/A Please list, if any, benefits that will be available to either full and/or part time Health insurance/401K/PTO* employees:
Average annual benefit paid by the $13k (Healthcare) plus 401k Match (4.5% of 1st 6%) company ($ or % salary) per FTE job:
Amount or percent of wage employees pay for benefits:
0% (Company pays 100%) Provide an estimate of the number of residents in the Economic Development Region (Onondaga, Madison, Cayuga, Oneida, Oswego, and Cortland Counties) to fill new FTE jobs:
100% *Additional optional/elective benefits include: Long & Short Term Disability/Life Insurance Employee Assistance Plan/LifeLock/Metlife Critical Illness/Hospital Indemnity Insurance Accident Insurance/Healthcare Flex Spending Account/Dependent Care Flex Spending Account Onondaga County Industrial Development Agency Page 8
(Removal of G & R Morgan Road) D) New Employment Benefits i. Complete the following chart indicating the number of FTE jobs presently employed at the Project and the number of FTE jobs that will be created at the Project site at the end of the first, second, and third, years after the Project is completed. Jobs should be listed by title of category (see below), including FTE independent contractors or employees of independent contractors that work at the Project location. Do not include construction workers.
ii. Feel free to include additional information or a substitute chart if you think additional material would add clarity.
Please use this chart to illustrate the current employment: Not Applicable Job Title/Category Current Annual Pay Current Employment (FTE) N/A Please use this chart to illustrate the projected employment growth: See attached chart. Job Title/Category Current Annual Pay Jobs Created Jobs Created Jobs Created Year 1 Year 2 Year 3 Onondaga County Industrial Development Agency Page 8
(Removal of G & R Morgan Road) D) New Employment Benefits i. Complete the following chart indicating the number of FTE jobs presently employed at the Project and the number of FTE jobs that will be created at the Project site at the end of the first, second, and third, years after the Project is completed. Jobs should be listed by title of category (see below), including FTE independent contractors or employees of independent contractors that work at the Project location. Do not include construction workers.
ii. Feel free to include additional information or a substitute chart if you think additional material would add clarity.
Please use this chart to illustrate the current employment: Not Applicable Job Title/Category Current Annual Pay Current Employment (FTE) N/A Please use this chart to illustrate the projected employment growth: See attached chart. Job Title/Category Current Annual Pay Jobs Created Jobs Created Jobs Created Year 1 Year 2 Year 3 If you prefer, you may attach a job chart of your own that outlines the job growth projections regarding the Project.
E) Financial Assistance sought (estimated values):
☐ Real Property Tax Abatement (PILOT): Job Creation PILOT Exemption ☐ Mortgage Recording Tax Exemption (.75% of amount mortgaged): 51,479.00 ☐ Sales and Use Tax Exemption (4% Local, 4% State): 323,000.00 ☐ Tax Exempt Bond Financing (Amount Requested): 0 ☐ Taxable Bond Financing (Amount Requested): 0 Onondaga County Industrial Development Agency Page 9
(Removal of G & R Morgan Road) F) Mortgage Recording Tax Exemption Benefit Calculator: Amount of mortgage that would be subject to mortgage recording tax:
Mortgage Amount (include sum total of construction/permanent/ bridge financing): $ 6,863,763.00 Estimated Mortgage Recording Tax Exemption Benefit (product of mortgage amount as indicated above, multiplied by .0075): $ 51,479.00 If you prefer, you may attach a job chart of your own that outlines the job growth projections regarding the Project.
E) Financial Assistance sought (estimated values):
☐ Real Property Tax Abatement (PILOT): Job Creation PILOT Exemption ☐ Mortgage Recording Tax Exemption (.75% of amount mortgaged): 51,479.00 ☐ Sales and Use Tax Exemption (4% Local, 4% State): 323,000.00 ☐ Tax Exempt Bond Financing (Amount Requested): 0 ☐ Taxable Bond Financing (Amount Requested): 0 Onondaga County Industrial Development Agency Page 9
(Removal of G & R Morgan Road) F) Mortgage Recording Tax Exemption Benefit Calculator: Amount of mortgage that would be subject to mortgage recording tax:
Mortgage Amount (include sum total of construction/permanent/ bridge financing): $ 6,863,763.00 Estimated Mortgage Recording Tax Exemption Benefit (product of mortgage amount as indicated above, multiplied by .0075): $ 51,479.00 G) Sales and Use Tax Benefit Calculator: Gross amount of costs for goods and services that are subject to State and local Sales and Use Tax – said amount to benefit from the Agency’s Sales and Use Tax exemption benefit:
$ 4,037,508.00 Estimated State and local Sales and Use Tax Benefit (product of 8% multiplied by the figure, above) (This should match the amount in section “E” on page 9, this calculation only exists to help you with your estimate):
$ 323,000.00 Onondaga County Industrial Development Agency Page 10
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Section IV of this Application will be: (i) completed by IDA Staff based upon information contained within the Application, and (ii) provided to the Applicant for ultimate inclusion as part of this completed Application prior to the completed application being provided to the OCIDA Board.
A) PILOTS Estimate Table Worksheet G) Sales and Use Tax Benefit Calculator: Gross amount of costs for goods and services that are subject to State and local Sales and Use Tax – said amount to benefit from the Agency’s Sales and Use Tax exemption benefit:
$ 4,037,508.00 Estimated State and local Sales and Use Tax Benefit (product of 8% multiplied by the figure, above) (This should match the amount in section “E” on page 9, this calculation only exists to help you with your estimate):
$ 323,000.00 Onondaga County Industrial Development Agency Page 10
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Section IV of this Application will be: (i) completed by IDA Staff based upon information contained within the Application, and (ii) provided to the Applicant for ultimate inclusion as part of this completed Application prior to the completed application being provided to the OCIDA Board.
A) PILOTS Estimate Table Worksheet OCIDA estimate of current value New construction and renovation costs OCIDA estimate of increase in value OCIDA estimated value of completed project OCIDA estimate of taxes that would have been collected if the project did not occur Scheduled PILOT payments PILOT Exemption County Local School Total Full Tax Net Exemption Year % PILOT PILOT PILOT PILOT Payment Amount Amount Amount w/o PILOT
Estimates provided are based on current property tax rates and assessment value (current as of date of application submission) and have been calculated by IDA staff.
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(Removal of G & R Morgan Road) OCIDA estimate of current value New construction and renovation costs OCIDA estimate of increase in value OCIDA estimated value of completed project OCIDA estimate of taxes that would have been collected if the project did not occur Scheduled PILOT payments PILOT Exemption County Local School Total Full Tax Net Exemption Year % PILOT PILOT PILOT PILOT Payment Amount Amount Amount w/o PILOT
Estimates provided are based on current property tax rates and assessment value (current as of date of application submission) and have been calculated by IDA staff.
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For Retail Retail Projects Only Only Tax 1. Will the cost of the retail portion of the Project exceed one-third of the total project cost?
☐Yes ☐No 2. Is the Project located in a distressed area? A distressed area is a census tract that has a) a poverty rate of a least 20% or at least 20% of households receiving public assistance, and (b) an unemployment rate of least 1.25 times the statewide unemployment rate for the year to which the date relates.
☐Yes ☐No 3. Is the Project likely to attract a significant number of visitors from outside of the economic development region?
☐Yes ☐No 4. Is the predominate purpose of the Project to make available goods or services which would not, but for the Project, be reasonably accessible to the residents of the Town, City, County or Village of where the Project will be located. ☐Yes ☐No Onondaga County Industrial Development Agency Page 12
For Retail Retail Projects Only Only Tax 1. Will the cost of the retail portion of the Project exceed one-third of the total project cost?
☐Yes ☐No 2. Is the Project located in a distressed area? A distressed area is a census tract that has a) a poverty rate of a least 20% or at least 20% of households receiving public assistance, and (b) an unemployment rate of least 1.25 times the statewide unemployment rate for the year to which the date relates.
☐Yes ☐No 3. Is the Project likely to attract a significant number of visitors from outside of the economic development region?
☐Yes ☐No 4. Is the predominate purpose of the Project to make available goods or services which would not, but for the Project, be reasonably accessible to the residents of the Town, City, County or Village of where the Project will be located. ☐Yes ☐No Onondaga County Industrial Development Agency Page 12
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