March 2022 — 3-8-22-OCIDA-Board-Meeting-Packet-with-Resolutions-condensed-2.pdf =============================================================================== ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY 333 WEST WASHINGTON STREET, SUITE 130, SYRACUSE, NY 13202 PHONE: 315.435.3770  FAX: 315.435.3669  ONGOVED.COM Regular Meeting Agenda March 8, 2022 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY 333 WEST WASHINGTON STREET, SUITE 130, SYRACUSE, NY 13202 PHONE: 315.435.3770  FAX: 315.435.3669  ONGOVED.COM Regular Meeting Agenda March 8, 2022 8.00 AM Audit Meeting 8:05 AM Annual Meeting 8:10 AM Call to Order the Meeting of the Agency 1. Approval of Minutes- February 8, 2022 Regular Meeting Page 3 2. Treasurer’s Report Page 13 3. Payment of Bills Page 20 4. Conflict of Interest Action Items 1. Audit from Grossman St. Amour Page 23 Presentation of Audit to the Board Agency Action Requested: a. A Resolution of the Board approving the 2021 Audit of the Agency. Representative: Mike Lisson, Auditor, Grossman St. Amour 2. B & N Real Estate Holdings of CNY, LLC PILOT to Crossroads Park 4616, LLC and PDF Logistics, Inc. (3101-15-06A) Meeting to Modify B & N Real Estate Holdings of CNY, LLC is requesting the Board to consent to the sale of its interests in the Project Facility. Page 67 Agency Action Requested: a. A resolution of the Board approving the assignment of the right, title and interest in a Project Facility by B & N Real Estate Holdings of CNY, LLC to Crossroads Park 4616, LLC and PDF Logistics, Inc. Representative: Mark Levy- Scolaro, Fetter, Grizanti & McGough, P.C 8.00 AM Audit Meeting 8:05 AM Annual Meeting 8:10 AM Call to Order the Meeting of the Agency 1. Approval of Minutes- February 8, 2022 Regular Meeting Page 3 2. Treasurer’s Report Page 13 3. Payment of Bills Page 20 4. Conflict of Interest Action Items 1. Audit from Grossman St. Amour Page 23 Presentation of Audit to the Board Agency Action Requested: a. A Resolution of the Board approving the 2021 Audit of the Agency. Representative: Mike Lisson, Auditor, Grossman St. Amour 2. B & N Real Estate Holdings of CNY, LLC PILOT to Crossroads Park 4616, LLC and PDF Logistics, Inc. (3101-15-06A) Meeting to Modify B & N Real Estate Holdings of CNY, LLC is requesting the Board to consent to the sale of its interests in the Project Facility. Page 67 Agency Action Requested: a. A resolution of the Board approving the assignment of the right, title and interest in a Project Facility by B & N Real Estate Holdings of CNY, LLC to Crossroads Park 4616, LLC and PDF Logistics, Inc. Representative: Mark Levy- Scolaro, Fetter, Grizanti & McGough, P.C 3. Fayette Manlius, LLC (3101-22-01A) Second Meeting Page 68 Fayette Manlius, LLC is proposing a mixed used development at 332 Fayette Street in the Village of Manlius. 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 to authorize adoption of SEQRA determination. b. A resolution of the Board authorizing the financial assistance the Agency will provide. Agency benefits requested include exemptions from certain real property taxes, real estate transfer taxes, sales and use taxes and mortgage recording taxes. Representative: Matthew Lester, Manager, Streamline Real Estate Partners, LLC & Christine Stevens, VIP Development Associates 4. J.W. Didado Electric, LLC/ G&R Morgan Road, LLC(3101-02-A)Initial Meeting G&R Morgan Road, 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: Page 222 a. A resolution of the Board to authorize a public hearing. Representative: Genevieve Trigg, Company Counsel, Barclay Damon, LLP Adjourn 2 3. Fayette Manlius, LLC (3101-22-01A) Second Meeting Page 68 Fayette Manlius, LLC is proposing a mixed used development at 332 Fayette Street in the Village of Manlius. 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 to authorize adoption of SEQRA determination. b. A resolution of the Board authorizing the financial assistance the Agency will provide. Agency benefits requested include exemptions from certain real property taxes, real estate transfer taxes, sales and use taxes and mortgage recording taxes. Representative: Matthew Lester, Manager, Streamline Real Estate Partners, LLC & Christine Stevens, VIP Development Associates 4. J.W. Didado Electric, LLC/ G&R Morgan Road, LLC(3101-02-A)Initial Meeting G&R Morgan Road, 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: Page 222 a. A resolution of the Board to authorize a public hearing. Representative: Genevieve Trigg, Company Counsel, Barclay Damon, LLP Adjourn 2 Onondaga County Industrial Development Agency Regular Meeting Minutes February 8, 2022 A regular meeting of the Onondaga County Industrial Development Agency was held on Tuesday, February 8, 2022 at 333 West Washington Street, Syracuse, New York in the large conference room on the first floor. Patrick Hogan called the meeting to order at 8:14 am with the following: PRESENT: Patrick Hogan Janice Herzog Victor Ianno Steve Morgan Susan Stanczyk Kevin Ryan ABSENT: Fanny Villarreal 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 Carolyn Evans-Dean, Office of Economic Development Leonard Rauch, Office of Economic Development Rebecca Shiroff, Office of Economic Development Carson Weinand, CVE Group Sam Wilks, IMS Inc. Jim Gosier, Ultra Dairy, LLC Matt Lester, Fayette Manlius, LLC Christine Stevens, VIP Development Associates Joe Goethe, Hinsdale Road, LLC Christopher Andreucci, Harris Beach Law Firm APPROVAL OF REGULAR AND ORGANIZATIONAL MEETING MINUTES – JANUARY 18, 2022 Onondaga County Industrial Development Agency Regular Meeting Minutes February 8, 2022 A regular meeting of the Onondaga County Industrial Development Agency was held on Tuesday, February 8, 2022 at 333 West Washington Street, Syracuse, New York in the large conference room on the first floor. Patrick Hogan called the meeting to order at 8:14 am with the following: PRESENT: Patrick Hogan Janice Herzog Victor Ianno Steve Morgan Susan Stanczyk Kevin Ryan ABSENT: Fanny Villarreal 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 Carolyn Evans-Dean, Office of Economic Development Leonard Rauch, Office of Economic Development Rebecca Shiroff, Office of Economic Development Carson Weinand, CVE Group Sam Wilks, IMS Inc. Jim Gosier, Ultra Dairy, LLC Matt Lester, Fayette Manlius, LLC Christine Stevens, VIP Development Associates Joe Goethe, Hinsdale Road, LLC Christopher Andreucci, Harris Beach Law Firm APPROVAL OF REGULAR AND ORGANIZATIONAL MEETING MINUTES – JANUARY 18, 2022 Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved the regular meeting minutes of January 18, 2022 and the organizational meeting minutes of January 18, 2022. Kevin Ryan abstained. Motion was carried. Page 3 TREASURER’S REPORT Nate Stevens gave a brief review of the Treasurer’s Report for the month of February 2022. Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved the Treasurer’s Report for the month of February 2022. Motion was carried. Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved the regular meeting minutes of January 18, 2022 and the organizational meeting minutes of January 18, 2022. Kevin Ryan abstained. Motion was carried. Page 3 TREASURER’S REPORT Nate Stevens gave a brief review of the Treasurer’s Report for the month of February 2022. Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved the Treasurer’s Report for the month of February 2022. Motion was carried. PAYMENT OF BILLS Nate Stevens gave a brief review of the Payment of Bills Schedule #466. Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved the Payment of Bills Schedule #466 for $244,307.26 and PILOT payments to Onondaga County for $1,025,494.17, Town of Cicero for $37,946.62, Town of Clay for $12,381.00, Town of DeWitt for $78,596.11, Town of Elbridge for $88,241.00, Town of Geddes for $467.94, Town of Lysander for $90,770.00, Town of Salina for $95,801.91, Town of Skaneateles for $37,116.59, Town of Van Buren for $120,877.00, Village of Baldwinsville for $75,037.00, Village of Solvay for $3,722.99, Baldwinsville School District for $686,826.00, East Syracuse Minoa School District for $345,316.87, Jamesville Dewitt School District for $7,002.00, Jordan Elbridge School District for $478,438.00, Liverpool School District for $127,341.00, Lyncourt Union Free School District for $503,865.05, North Syracuse School District for $255,516.85, Skaneateles School District for $211,639.53, Solvay Union Free School District for $7,826.91, Syracuse City School District for $57,865.99 and West Genesee School District for $238,672.00. Motion was carried. PAYMENT OF BILLS Nate Stevens gave a brief review of the Payment of Bills Schedule #466. Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved the Payment of Bills Schedule #466 for $244,307.26 and PILOT payments to Onondaga County for $1,025,494.17, Town of Cicero for $37,946.62, Town of Clay for $12,381.00, Town of DeWitt for $78,596.11, Town of Elbridge for $88,241.00, Town of Geddes for $467.94, Town of Lysander for $90,770.00, Town of Salina for $95,801.91, Town of Skaneateles for $37,116.59, Town of Van Buren for $120,877.00, Village of Baldwinsville for $75,037.00, Village of Solvay for $3,722.99, Baldwinsville School District for $686,826.00, East Syracuse Minoa School District for $345,316.87, Jamesville Dewitt School District for $7,002.00, Jordan Elbridge School District for $478,438.00, Liverpool School District for $127,341.00, Lyncourt Union Free School District for $503,865.05, North Syracuse School District for $255,516.85, Skaneateles School District for $211,639.53, Solvay Union Free School District for $7,826.91, Syracuse City School District for $57,865.99 and West Genesee School District for $238,672.00. Motion was carried. CONFLICT OF INTEREST DISCLOSURE The Conflict of Interest was circulated and there were no conflicts reported. CONFLICT OF INTEREST DISCLOSURE The Conflict of Interest was circulated and there were no conflicts reported. CVE US EI4 MANLIUS NORTH, LLC (3101-21-16A) SECOND MEETING Patrick Hogan asked about the public hearing. Nancy Lowery stated the supervisor and a board member were in attendance and there was no objection to the project. Page 4 Carson Weinand stated the project is three co-located community solar projects located in the Town of Manlius. He stated two are 2.5 megawatts and one is 1 megawatt. He stated on October 25 they received site plan approval, special use permit and a SEQR negative declaration from the Town. He stated these projects are owned and operated by CVE and they plan to start construction this summer. He stated they have a PILOT in place with the School District and the Town. He stated they also have a Host Community Benefit Agreement with the Town and an Educational Contribution Agreement with the School District. He stated there will be about 35,000 panels and will deliver energy savings monthly to about 2,500 local residents to their utility bills. Jeff Davis stated there are three SEQR resolutions and they are all similar. He stated as the applicant stated the SEQR was done at the local level and counsel reviewed the materials. He stated the resolution before the Board is accepting, adopting and reauthorizing the SEQR resolution done at the local level. CVE US EI4 MANLIUS NORTH, LLC (3101-21-16A) SECOND MEETING Patrick Hogan asked about the public hearing. Nancy Lowery stated the supervisor and a board member were in attendance and there was no objection to the project. Page 4 Carson Weinand stated the project is three co-located community solar projects located in the Town of Manlius. He stated two are 2.5 megawatts and one is 1 megawatt. He stated on October 25 they received site plan approval, special use permit and a SEQR negative declaration from the Town. He stated these projects are owned and operated by CVE and they plan to start construction this summer. He stated they have a PILOT in place with the School District and the Town. He stated they also have a Host Community Benefit Agreement with the Town and an Educational Contribution Agreement with the School District. He stated there will be about 35,000 panels and will deliver energy savings monthly to about 2,500 local residents to their utility bills. Jeff Davis stated there are three SEQR resolutions and they are all similar. He stated as the applicant stated the SEQR was done at the local level and counsel reviewed the materials. He stated the resolution before the Board is accepting, adopting and reauthorizing the SEQR resolution done at the local level. Patrick Hogan asked if it was CVE’s initiative to request a local PILOT agreement. Carson Weinand stated yes because they wanted the flexibility with the School District to execute an Educational Contribution Agreement and that is why they need separate PILOTs. Patrick Hogan stated he congratulates him on the initiative. Upon a motion by Victor Ianno, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing adoption of SEQRA negative declaration determination for the CVE US EI4 Manlius North, LLC project. Motion was carried. Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing the financial assistance the Agency will provide to include exemptions from certain sales and use taxes and mortgage recording taxes for the CVE US EI4 Manlius North, LLC project. Motion was carried. Patrick Hogan asked if it was CVE’s initiative to request a local PILOT agreement. Carson Weinand stated yes because they wanted the flexibility with the School District to execute an Educational Contribution Agreement and that is why they need separate PILOTs. Patrick Hogan stated he congratulates him on the initiative. Upon a motion by Victor Ianno, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing adoption of SEQRA negative declaration determination for the CVE US EI4 Manlius North, LLC project. Motion was carried. Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing the financial assistance the Agency will provide to include exemptions from certain sales and use taxes and mortgage recording taxes for the CVE US EI4 Manlius North, LLC project. Motion was carried. CVE US EI5 MANLIUS EAST, LLC (3101-21-17B) SECOND MEETING Page 5 Upon a motion by Susan Stanczyk, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing adoption of SEQRA negative declaration determination for the CVE US EI5 Manlius East, LLC project. Motion was carried. Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing the financial assistance the Agency will provide to include exemptions from certain sales and use taxes and mortgage recording taxes for the CVE US EI5 Manlius East, LLC project. Motion was carried. CVE US EI5 MANLIUS EAST, LLC (3101-21-17B) SECOND MEETING Page 5 Upon a motion by Susan Stanczyk, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing adoption of SEQRA negative declaration determination for the CVE US EI5 Manlius East, LLC project. Motion was carried. Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing the financial assistance the Agency will provide to include exemptions from certain sales and use taxes and mortgage recording taxes for the CVE US EI5 Manlius East, LLC project. Motion was carried. CVE US EI6 MANLIUS WEST, LLC (3101-21-18C) SECOND MEETING Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing adoption of SEQRA negative declaration determination for the CVE US EI6 Manlius West, LLC project. Motion was carried. Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing the financial assistance the Agency will provide to include exemptions from certain sales and use taxes and mortgage recording taxes for the CVE US EI6 Manlius West, LLC project. Motion was carried. IMMEDIATE MAILING SERVICES, INC./245 COMMERCE LLC (3101-21-15B0 SECOND MEETING. Sam Wilks stated Immediate Mailing Services is looking to expand three buildings on Buckley Road. She stated the three buildings are being renovated for extra office space and extra warehousing for their supplies. She stated this is due to IMS expanding at a rapid rate. She stated they expanded in 2019 where they received aid from OCIDA and they have already grown past that so this is expansion number two. She stated hopefully this expansion is as successful as the last one. Patrick Hogan asked if their other building is in the same general area. Sam Wilks stated they wanted to stay in the area and the building on Buckley Road was perfect for them. Patrick Hogan stated he likes to hear they want to stay local. Page 6 CVE US EI6 MANLIUS WEST, LLC (3101-21-18C) SECOND MEETING Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing adoption of SEQRA negative declaration determination for the CVE US EI6 Manlius West, LLC project. Motion was carried. Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing the financial assistance the Agency will provide to include exemptions from certain sales and use taxes and mortgage recording taxes for the CVE US EI6 Manlius West, LLC project. Motion was carried. IMMEDIATE MAILING SERVICES, INC./245 COMMERCE LLC (3101-21-15B0 SECOND MEETING. Sam Wilks stated Immediate Mailing Services is looking to expand three buildings on Buckley Road. She stated the three buildings are being renovated for extra office space and extra warehousing for their supplies. She stated this is due to IMS expanding at a rapid rate. She stated they expanded in 2019 where they received aid from OCIDA and they have already grown past that so this is expansion number two. She stated hopefully this expansion is as successful as the last one. Patrick Hogan asked if their other building is in the same general area. Sam Wilks stated they wanted to stay in the area and the building on Buckley Road was perfect for them. Patrick Hogan stated he likes to hear they want to stay local. Page 6 Jeff Davis stated with regard to SEQR the resolution before the Board is just classifying this as a Class 2 Action meaning that it is categorically excluded from any further environmental review based upon the type of the project. Nate Stevens stated a public hearing was held and there were no comments. Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing adoption of SEQRA negative declaration determination for the Immediate Mailing Services, Inc./245 Commerce LLC project. Motion was carried. Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing the financial assistance the Agency will provide to include exemptions from certain sales and use taxes and mortgage recording taxes for the Immediate Mailing Services, Inc./245 Commerce LLC project. Motion was carried. ULTRA DAIRY, LLC (3101-18-07F/3101-20-14G/3101-21-11H) MEETING TO MODIFY Jim Gosier stated Ultra Dairy is in the process of refinancing its credit facility to allow for further growth in the future and as part of that there is an existing mortgage on the property. He stated that mortgage itself will be recast and because of the sale leaseback arrangement with the Agency the lender is looking for a resolution of the Agency authorizing the transaction and also the executive director signing the mortgage document. Jeff Davis stated with regard to SEQR the resolution before the Board is just classifying this as a Class 2 Action meaning that it is categorically excluded from any further environmental review based upon the type of the project. Nate Stevens stated a public hearing was held and there were no comments. Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing adoption of SEQRA negative declaration determination for the Immediate Mailing Services, Inc./245 Commerce LLC project. Motion was carried. Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing the financial assistance the Agency will provide to include exemptions from certain sales and use taxes and mortgage recording taxes for the Immediate Mailing Services, Inc./245 Commerce LLC project. Motion was carried. ULTRA DAIRY, LLC (3101-18-07F/3101-20-14G/3101-21-11H) MEETING TO MODIFY Jim Gosier stated Ultra Dairy is in the process of refinancing its credit facility to allow for further growth in the future and as part of that there is an existing mortgage on the property. He stated that mortgage itself will be recast and because of the sale leaseback arrangement with the Agency the lender is looking for a resolution of the Agency authorizing the transaction and also the executive director signing the mortgage document. Robert Petrovich stated there is a letter in the board packet from Ultra Dairy outlining the request and it is straight forward. Upon a motion by Kevin Ryan, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing execution and delivery of documents for the Ultra Dairy, LLC project. Motion was carried. Robert Petrovich stated there is a letter in the board packet from Ultra Dairy outlining the request and it is straight forward. Upon a motion by Kevin Ryan, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing execution and delivery of documents for the Ultra Dairy, LLC project. Motion was carried. FAYETTEVILLE MANLIUS, LLC (3101-22-01A) INITIAL MEETING Page 7 Matt Lester stated he is the managing partner at Streamline Real Estate Partners LLC, the applicant for this morning’s meeting. He stated they are presenting a project in Manlius that was started in the fall of 2020 so it has been a long process to get site plan approval which they currently have. He stated the project consists of a mixed use, nature, residential, urgent care and commercial. He stated the project has currently been accepted into the Brownfield program so they are working through the Brownfield cleanup process with the DEC and the Department of Health. He stated they are looking to provide a need that meets housing demand and creates jobs. He stated they feel they have a community benefit with Urgent Care because they have been a necessity for testing and alleviating pressure on emergency rooms and hospitals. He stated this is going to be an opportunity to fulfill a need that the Village of Manlius and the community has which has been expressed by the Mayor. He stated there will be 20 residential units as well as Urgent Care and some first floor commercial space. Janice Herzog asked where the project is located. Matt Lester handed out a map of the location. Christine Stevens stated is located where the old car dealership was. Matt Lester stated the property has been vacant for roughly 4 years. FAYETTEVILLE MANLIUS, LLC (3101-22-01A) INITIAL MEETING Page 7 Matt Lester stated he is the managing partner at Streamline Real Estate Partners LLC, the applicant for this morning’s meeting. He stated they are presenting a project in Manlius that was started in the fall of 2020 so it has been a long process to get site plan approval which they currently have. He stated the project consists of a mixed use, nature, residential, urgent care and commercial. He stated the project has currently been accepted into the Brownfield program so they are working through the Brownfield cleanup process with the DEC and the Department of Health. He stated they are looking to provide a need that meets housing demand and creates jobs. He stated they feel they have a community benefit with Urgent Care because they have been a necessity for testing and alleviating pressure on emergency rooms and hospitals. He stated this is going to be an opportunity to fulfill a need that the Village of Manlius and the community has which has been expressed by the Mayor. He stated there will be 20 residential units as well as Urgent Care and some first floor commercial space. Janice Herzog asked where the project is located. Matt Lester handed out a map of the location. Christine Stevens stated is located where the old car dealership was. Matt Lester stated the property has been vacant for roughly 4 years. Robert Petrovich asked if this is going to incorporate the two residential houses north of the project. Matt Lester stated yes and the project extends as far south as the dealership. Janice Herzog asked how from the road the project will be set back. Matt Lester stated it extends from the sidewalk to the creek. He stated through the Planning Board process the Village encouraged them to push the buildings as close to the sidewalk as possible to incorporate pedestrian connectivity. He stated they will be adding a gazebo on the property with extensive sidewalks with connectivity from the sidewalk to the Village. Janice Herzog asked if it will be similar to the building across the street that used to be a bar/restaurant with apartments upstairs. Matt Lester stated he owns that property and that was done in 2014. He stated there is a pharmacy there as well as a Murphy’s Law but there was some issues with the restaurant but they were able to expand an office into the restaurant. Janice Herzog asked about the residency rate. Matt Lester stated they have a wait list and they have been full since day one. He stated they wished they had done more because there is a demand and a need. He stated the initial application for this project to the Village of Manlius did Page 8 Robert Petrovich asked if this is going to incorporate the two residential houses north of the project. Matt Lester stated yes and the project extends as far south as the dealership. Janice Herzog asked how from the road the project will be set back. Matt Lester stated it extends from the sidewalk to the creek. He stated through the Planning Board process the Village encouraged them to push the buildings as close to the sidewalk as possible to incorporate pedestrian connectivity. He stated they will be adding a gazebo on the property with extensive sidewalks with connectivity from the sidewalk to the Village. Janice Herzog asked if it will be similar to the building across the street that used to be a bar/restaurant with apartments upstairs. Matt Lester stated he owns that property and that was done in 2014. He stated there is a pharmacy there as well as a Murphy’s Law but there was some issues with the restaurant but they were able to expand an office into the restaurant. Janice Herzog asked about the residency rate. Matt Lester stated they have a wait list and they have been full since day one. He stated they wished they had done more because there is a demand and a need. He stated the initial application for this project to the Village of Manlius did Page 8 not include this residential building. He stated it was something the Village required of them as part of the process. He stated the Village felt there was a need and wanted a larger scale project. He stated it created some challenges for them which led them to be before the Board today Robert Petrovich asked if these are one and two bedroom Apartments. Matt Lester stated they are a mix of one and two bedroom. Robert Petrovich asked what the rents are. Matt Lester stated they are market rate. He stated they did a study and he believes they are going to be about $2,000 for the two bedroom and close to $2,000 for the single bedroom. He stated they a have not put together a leasing plan but it is in the application. Janice Herzog asked how many apartments are in the building across the street. Matt Lester stated there are four. Patrick Hogan stated occasionally there is an issue with housing as far PILOTs. He stated when you work with local officials and it is an infill project where there is demand for people who want to stay in the area, walkability plus cleaning up a Brownfield as well as Urgent Care, this is a project he would strongly support. He stated he has noticed over the years with his service on the LandBank, a lot of the older villages need infill projects. He stated he thinks this will be very attractive for the Village and he is happy Fayette Manlius, LLC worked with the Village officials on this. Matt Lester stated he appreciates that. not include this residential building. He stated it was something the Village required of them as part of the process. He stated the Village felt there was a need and wanted a larger scale project. He stated it created some challenges for them which led them to be before the Board today Robert Petrovich asked if these are one and two bedroom Apartments. Matt Lester stated they are a mix of one and two bedroom. Robert Petrovich asked what the rents are. Matt Lester stated they are market rate. He stated they did a study and he believes they are going to be about $2,000 for the two bedroom and close to $2,000 for the single bedroom. He stated they a have not put together a leasing plan but it is in the application. Janice Herzog asked how many apartments are in the building across the street. Matt Lester stated there are four. Patrick Hogan stated occasionally there is an issue with housing as far PILOTs. He stated when you work with local officials and it is an infill project where there is demand for people who want to stay in the area, walkability plus cleaning up a Brownfield as well as Urgent Care, this is a project he would strongly support. He stated he has noticed over the years with his service on the LandBank, a lot of the older villages need infill projects. He stated he thinks this will be very attractive for the Village and he is happy Fayette Manlius, LLC worked with the Village officials on this. Matt Lester stated he appreciates that. Victor Ianno stated he agrees with Patrick Hogan and it cleans up an eyesore. Susan Stanczyk asked if the PILOT is only for the mixed use building and not for the Well Now. Matt Lester stated yes. Susan Stanczyk asked if the parking for the Well Now is separate from the actual residential building. Matt Lester stated there will be three individual lots. He stated the multistory building will be on its own tax parcel. Susan Stanczyk stated the Well Now centers are going to be overflowing so that would be a concern for the residents. She stated as long as there is a good separation between the two Page 9 because it could cause an issue. Matt Lester stated they have ample parking to service both and it is more than the code would require. He stated they anticipate good demand for Urgent Care and that is why they chose that project for this and this is something they will pull from Madison County as well as Cazenovia. Janice Herzog asked if the traffic in and out would be off the side street. Matt Lester stated the ingress and egress for the project will be at the traffic light on Fayette Street. He stated DOT reviewed and approved the site plan. He stated there will be another egress exit only to the north of that. He stated they also provided an easement to the Village if there is further development to the south of their project. Victor Ianno stated he agrees with Patrick Hogan and it cleans up an eyesore. Susan Stanczyk asked if the PILOT is only for the mixed use building and not for the Well Now. Matt Lester stated yes. Susan Stanczyk asked if the parking for the Well Now is separate from the actual residential building. Matt Lester stated there will be three individual lots. He stated the multistory building will be on its own tax parcel. Susan Stanczyk stated the Well Now centers are going to be overflowing so that would be a concern for the residents. She stated as long as there is a good separation between the two Page 9 because it could cause an issue. Matt Lester stated they have ample parking to service both and it is more than the code would require. He stated they anticipate good demand for Urgent Care and that is why they chose that project for this and this is something they will pull from Madison County as well as Cazenovia. Janice Herzog asked if the traffic in and out would be off the side street. Matt Lester stated the ingress and egress for the project will be at the traffic light on Fayette Street. He stated DOT reviewed and approved the site plan. He stated there will be another egress exit only to the north of that. He stated they also provided an easement to the Village if there is further development to the south of their project. Susan Stanczyk asked if there are existing sidewalks or is it part of the project. Matt Lester stated there are existing sidewalks. He stated they will be required to replace any cracks on the sidewalks that they encounter. Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing a public hearing for the Fayette Manlius, LLC project. Motion was carried. Susan Stanczyk asked if there are existing sidewalks or is it part of the project. Matt Lester stated there are existing sidewalks. He stated they will be required to replace any cracks on the sidewalks that they encounter. Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing a public hearing for the Fayette Manlius, LLC project. Motion was carried. HINSDALE ROAD, LLC (3101-13-05B/3101-19-11C) MEETING TO MODIFY Jim Goethe stated Township 5 is an IDA project. He stated they are permanently financing and moving out of their construction loan mini-perm loan that they just completed because they have wrapped up most of the building construction. He stated they are permanently financing the project and they are seeking a resolution from the Agency to move forward with signing the financial documents the bank needs. Robert Petrovich stated Barclay Damon represents Hinsdale Road and in this instance we have Chris Andreucci from Harris Beach as conflict counsel to represent the IDA on this transaction. He will review the documents and sign off. Page 10 Chris Andreucci stated it is a permanent financing and the Agency will be executing one or more mortgages and whatever other financing documents the bank needs. He stated there is no new financial assistance and it is just new permanent financing. Patrick Hogan stated Township 5 is doing well. Joe Goethe stated everyone is doing very well and the medical people love it. He stated they are blessed with a great anchor in Costco and now that the movies are coming back they have great entertainment. Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing execution and delivery of financing documents for the Hinsdale Road, LLC project. Motion was carried. HINSDALE ROAD, LLC (3101-13-05B/3101-19-11C) MEETING TO MODIFY Jim Goethe stated Township 5 is an IDA project. He stated they are permanently financing and moving out of their construction loan mini-perm loan that they just completed because they have wrapped up most of the building construction. He stated they are permanently financing the project and they are seeking a resolution from the Agency to move forward with signing the financial documents the bank needs. Robert Petrovich stated Barclay Damon represents Hinsdale Road and in this instance we have Chris Andreucci from Harris Beach as conflict counsel to represent the IDA on this transaction. He will review the documents and sign off. Page 10 Chris Andreucci stated it is a permanent financing and the Agency will be executing one or more mortgages and whatever other financing documents the bank needs. He stated there is no new financial assistance and it is just new permanent financing. Patrick Hogan stated Township 5 is doing well. Joe Goethe stated everyone is doing very well and the medical people love it. He stated they are blessed with a great anchor in Costco and now that the movies are coming back they have great entertainment. Upon a motion by Janice Herzog, seconded by Victor Ianno, the OCIDA Board approved a resolution authorizing execution and delivery of financing documents for the Hinsdale Road, LLC project. Motion was carried. EXECUTIVE SESSION Jeff Davis stated his recommendation is to take a motion from Board to enter into executive session for the purpose of discussing potential acquisition of lands. Upon a motion by Janice Herzog, seconded by Janice Herzog, the OCIDA Board went into Executive Session at 8:37 am to discuss the potential acquisition of lands and contracts. Motion was carried. Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board adjourned Executive Session at 9:00 am. Motion was carried. (Steve Morgan left the meeting.) EXECUTIVE SESSION Jeff Davis stated his recommendation is to take a motion from Board to enter into executive session for the purpose of discussing potential acquisition of lands. Upon a motion by Janice Herzog, seconded by Janice Herzog, the OCIDA Board went into Executive Session at 8:37 am to discuss the potential acquisition of lands and contracts. Motion was carried. Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board adjourned Executive Session at 9:00 am. Motion was carried. (Steve Morgan left the meeting.) PURCHASE CONTRACT EXECUTION Jeff Davis stated the first resolution with regard to the acquisition of a parcel of property at the White Pine Commerce Park he will briefly read the relevant portion of the SEQR resolution. He read the resolution. Upon a motion by Victor Ianno, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing the adoption of SEQR determination. Motion was carried. Page 11 Upon a motion by Kevin Ryan, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing the Executive Director to enter into a purchase contract and any related documents with respect to one parcel of property. Motion was carried. Upon a motion by Victor Ianno, seconded by Kevin Ryan, the OCIDA Board adjourned the meeting at 9:03 am. Motion was carried. _________________________________ Nancy Lowery, Secretary Page 12 PURCHASE CONTRACT EXECUTION Jeff Davis stated the first resolution with regard to the acquisition of a parcel of property at the White Pine Commerce Park he will briefly read the relevant portion of the SEQR resolution. He read the resolution. Upon a motion by Victor Ianno, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing the adoption of SEQR determination. Motion was carried. Page 11 Upon a motion by Kevin Ryan, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing the Executive Director to enter into a purchase contract and any related documents with respect to one parcel of property. Motion was carried. Upon a motion by Victor Ianno, seconded by Kevin Ryan, the OCIDA Board adjourned the meeting at 9:03 am. Motion was carried. _________________________________ Nancy Lowery, Secretary Page 12 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY 333 WASHINGTON STREET, SUITE 130, SYRACUSE, NY 13202 PHONE: 315.435.3770 • FAX: 315.435.3669 February 28, 2022 2022 Budget Current YTD Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating Revenue 11,049 578,582 1,444,000 (865,418) Administrative Expense 23,772 59,222 800,000 (740,778) Operating/Program Exp. 60,312 104,994 644,000 (539,006) Net Ordinary Income (73,035) 414,367 - 414,367 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY 333 WASHINGTON STREET, SUITE 130, SYRACUSE, NY 13202 PHONE: 315.435.3770 • FAX: 315.435.3669 February 28, 2022 2022 Budget Current YTD Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating Revenue 11,049 578,582 1,444,000 (865,418) Administrative Expense 23,772 59,222 800,000 (740,778) Operating/Program Exp. 60,312 104,994 644,000 (539,006) Net Ordinary Income (73,035) 414,367 - 414,367 Current Assets Current YTD Prior YTD Total Cash 3,221,709 5,770,146 Less Pass Through Received 7,468 751,937 Available Cash 3,214,241 5,018,209 Receivables (less pass through rec.) 466,984 223,524 Grant Reimbursements - - Total 3,681,225 5,241,733 Reserve for Contracts County Operations 2022 740,778 333 W. Washington St 2022 Rent 60,000 OBG WPCP CO #4 Additional Studies 180,349 JMT 800 Hiawatha Engineering 10,234 Barclay Damon WPCP Options - Total 991,361 Receivables 0-120 days 244,960 > 120 days 222,024 Total 466,984 Current Assets Current YTD Prior YTD Total Cash 3,221,709 5,770,146 Less Pass Through Received 7,468 751,937 Available Cash 3,214,241 5,018,209 Receivables (less pass through rec.) 466,984 223,524 Grant Reimbursements - - Total 3,681,225 5,241,733 Reserve for Contracts County Operations 2022 740,778 333 W. Washington St 2022 Rent 60,000 OBG WPCP CO #4 Additional Studies 180,349 JMT 800 Hiawatha Engineering 10,234 Barclay Damon WPCP Options - Total 991,361 Receivables 0-120 days 244,960 > 120 days 222,024 Total 466,984 Onondaga County Industrial Development Agency Profit and Loss February 2022 TOTAL Income 500 Operating Revenue 2116 Fees 2116.1 Agency Fees 3,000.00 2116.2 Application Fees 4,000.00 Total 2116 Fees 7,000.00 2410 Lease Income 4,000.00 Total 500 Operating Revenue 11,000.00 501 Non-Operating Revenue 2401 Interest Income 48.58 Total 501 Non-Operating Revenue 48.58 534 Pilot & Pass Thru Revenue 529 PILOT Income 2,881.14 Total 534 Pilot & Pass Thru Revenue 2,881.14 Total Income $13,929.72 GROSS PROFIT $13,929.72 Expenses 6400 Operating Expense 6406 Other Professional Services 360.00 6406.50 Consulting Services 5,000.00 Total 6406 Other Professional Services 5,360.00 6407 Administrative Expense 23,771.54 6408 Meeting Expenses 265.25 6409 Conference Attendence 1,055.00 6410 Office Expense 130.66 Total 6400 Operating Expense 30,582.45 6500 Agency Program Expenses 6510 White Pine Commerce Park 6510.6 Taxes/SDC 6,347.53 6510.7 WPCP Marketing 3,829.15 6511 WPCP Closing Costs 18,324.20 6513 WPCP Option Agree Fees app 9-22-20 25,000.00 Total 6510 White Pine Commerce Park 53,500.88 Total 6500 Agency Program Expenses 53,500.88 6600 Non-Operating Expenses 6605 Pilot & Pass Thru Expenses 6605.2 PILOT Expense 2,881.14 Total 6605 Pilot & Pass Thru Expenses 2,881.14 Total 6600 Non-Operating Expenses 2,881.14 Total Expenses $86,964.47 NET OPERATING INCOME $ -73,034.75 NET INCOME $ -73,034.75 Onondaga County Industrial Development Agency Profit and Loss February 2022 TOTAL Income 500 Operating Revenue 2116 Fees 2116.1 Agency Fees 3,000.00 2116.2 Application Fees 4,000.00 Total 2116 Fees 7,000.00 2410 Lease Income 4,000.00 Total 500 Operating Revenue 11,000.00 501 Non-Operating Revenue 2401 Interest Income 48.58 Total 501 Non-Operating Revenue 48.58 534 Pilot & Pass Thru Revenue 529 PILOT Income 2,881.14 Total 534 Pilot & Pass Thru Revenue 2,881.14 Total Income $13,929.72 GROSS PROFIT $13,929.72 Expenses 6400 Operating Expense 6406 Other Professional Services 360.00 6406.50 Consulting Services 5,000.00 Total 6406 Other Professional Services 5,360.00 6407 Administrative Expense 23,771.54 6408 Meeting Expenses 265.25 6409 Conference Attendence 1,055.00 6410 Office Expense 130.66 Total 6400 Operating Expense 30,582.45 6500 Agency Program Expenses 6510 White Pine Commerce Park 6510.6 Taxes/SDC 6,347.53 6510.7 WPCP Marketing 3,829.15 6511 WPCP Closing Costs 18,324.20 6513 WPCP Option Agree Fees app 9-22-20 25,000.00 Total 6510 White Pine Commerce Park 53,500.88 Total 6500 Agency Program Expenses 53,500.88 6600 Non-Operating Expenses 6605 Pilot & Pass Thru Expenses 6605.2 PILOT Expense 2,881.14 Total 6605 Pilot & Pass Thru Expenses 2,881.14 Total 6600 Non-Operating Expenses 2,881.14 Total Expenses $86,964.47 NET OPERATING INCOME $ -73,034.75 NET INCOME $ -73,034.75 Accrual Basis Friday, March 4, 2022 10:34 AM GMT-05:00 1/1 Onondaga County Industrial Development Agency Balance Sheet As of February 28, 2022 TOTAL ASSETS Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 2,340,192.02 200.2 Cash - M & T Money Maker Savings 890,424.69 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 3,221,708.89 Total Bank Accounts $3,221,708.89 Accounts Receivable 380 Accounts Rec. 380.6 A/R Fees, Lease & PILOT 261,856.95 Total 380 Accounts Rec. 261,856.95 Total Accounts Receivable $261,856.95 Other Current Assets 391 Long Tern Receivable 222,024.00 Total Other Current Assets $222,024.00 Total Current Assets $3,705,589.84 Accrual Basis Friday, March 4, 2022 10:34 AM GMT-05:00 1/1 Onondaga County Industrial Development Agency Balance Sheet As of February 28, 2022 TOTAL ASSETS Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 2,340,192.02 200.2 Cash - M & T Money Maker Savings 890,424.69 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 3,221,708.89 Total Bank Accounts $3,221,708.89 Accounts Receivable 380 Accounts Rec. 380.6 A/R Fees, Lease & PILOT 261,856.95 Total 380 Accounts Rec. 261,856.95 Total Accounts Receivable $261,856.95 Other Current Assets 391 Long Tern Receivable 222,024.00 Total Other Current Assets $222,024.00 Total Current Assets $3,705,589.84 Accrual Basis Friday, March 4, 2022 10:34 AM GMT-05:00 1/3 Onondaga County Industrial Development Agency Balance Sheet As of February 28, 2022 TOTAL Fixed Assets 100 Land 101 White Pines Commerce Park 8,290,651.50 101.1 WPCP GEIS 101.101 CHA GEIS 1 267,452.05 101.102 CHA GEIS 2 219,439.36 101.104 GEIS Reg Plan Board Overview 19,797.74 Total 101.1 WPCP GEIS 506,689.15 101.2 WPCP Legal 69,774.25 101.3 Engineering Services 52,675.00 101.301 Temporary Access 4,055.44 101.4 Environmental/Demo Services 10,318.98 Total 101.3 Engineering Services 67,049.42 101.5 Land Acquisition Costs 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 10,097,396.03 106 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 11,353,741.53 104 Machinery & Equipment 104.1 Office Furniture 1,429.00 104.2 Equipment 4,588.00 Total 104 Machinery & Equipment 6,017.00 211 A/D Office Furniture -2,862.00 213 A/D Buildings -81,335.00 Total Fixed Assets $11,275,561.53 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $14,982,793.13 Accrual Basis Friday, March 4, 2022 10:34 AM GMT-05:00 1/3 Onondaga County Industrial Development Agency Balance Sheet As of February 28, 2022 TOTAL Fixed Assets 100 Land 101 White Pines Commerce Park 8,290,651.50 101.1 WPCP GEIS 101.101 CHA GEIS 1 267,452.05 101.102 CHA GEIS 2 219,439.36 101.104 GEIS Reg Plan Board Overview 19,797.74 Total 101.1 WPCP GEIS 506,689.15 101.2 WPCP Legal 69,774.25 101.3 Engineering Services 52,675.00 101.301 Temporary Access 4,055.44 101.4 Environmental/Demo Services 10,318.98 Total 101.3 Engineering Services 67,049.42 101.5 Land Acquisition Costs 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 10,097,396.03 106 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 11,353,741.53 104 Machinery & Equipment 104.1 Office Furniture 1,429.00 104.2 Equipment 4,588.00 Total 104 Machinery & Equipment 6,017.00 211 A/D Office Furniture -2,862.00 213 A/D Buildings -81,335.00 Total Fixed Assets $11,275,561.53 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $14,982,793.13 Accrual Basis Friday, March 4, 2022 10:34 AM GMT-05:00 2/3 Onondaga County Industrial Development Agency Balance Sheet As of February 28, 2022 TOTAL LIABILITIES AND EQUITY Liabilities Current Liabilities Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 667,270.17 600.205 Exp Pay Prev Period 296,997.08 600.206 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 4,011,161.56 Total 600 Accounts Payable 5,001,021.15 601 PILOT and Pass Thru Payable 603 PILOT Pass Thru 16,897.00 604 Other Pass Thrus 74,063.70 Total 601 PILOT and Pass Thru Payable 90,960.70 631 Due to Other Governments 631.1 Towns 631.11 Cicero 7,468.00 Total 631.1 Towns 7,468.00 Total 631 Due to Other Governments 7,468.00 Total Other Current Liabilities $5,099,449.85 Total Current Liabilities $5,099,449.85 Total Liabilities $5,099,449.85 Equity 3900 Equity Unreserved 6,750,308.91 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 991,361.04 465 Equity - Unreserved -618,532.04 Net Income 414,366.74 Total Equity $9,883,343.28 TOTAL LIABILITIES AND EQUITY $14,982,793.13 Accrual Basis Friday, March 4, 2022 10:34 AM GMT-05:00 2/3 Onondaga County Industrial Development Agency Balance Sheet As of February 28, 2022 TOTAL LIABILITIES AND EQUITY Liabilities Current Liabilities Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 667,270.17 600.205 Exp Pay Prev Period 296,997.08 600.206 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 4,011,161.56 Total 600 Accounts Payable 5,001,021.15 601 PILOT and Pass Thru Payable 603 PILOT Pass Thru 16,897.00 604 Other Pass Thrus 74,063.70 Total 601 PILOT and Pass Thru Payable 90,960.70 631 Due to Other Governments 631.1 Towns 631.11 Cicero 7,468.00 Total 631.1 Towns 7,468.00 Total 631 Due to Other Governments 7,468.00 Total Other Current Liabilities $5,099,449.85 Total Current Liabilities $5,099,449.85 Total Liabilities $5,099,449.85 Equity 3900 Equity Unreserved 6,750,308.91 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 991,361.04 465 Equity - Unreserved -618,532.04 Net Income 414,366.74 Total Equity $9,883,343.28 TOTAL LIABILITIES AND EQUITY $14,982,793.13 Accrual Basis Friday, March 4, 2022 10:34 AM GMT-05:00 3/3 Accrual Basis Friday, March 4, 2022 10:34 AM GMT-05:00 3/3 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY PAYMENT OF BILL - SCHEDULE #467 March 8, 2022 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY PAYMENT OF BILL - SCHEDULE #467 March 8, 2022 GENERAL EXPENSES 1. BARCLAY DAMON LLP* $ 200,000.00 WPCP Legal Fees 2. BARCLAY DAMON LLP** $ 658,550.14 Purchase of Land 3. BARCLAY DAMON LLP** $ 314,587.49 Purchase of Land 4. BARCLAY DAMON LLP** $ 76,543.10 Purchase of Land 5. RAMBOLL AMERICAS ENGINEERING SOLUTIONS, INC.*** $ 12,884.00 Inv#1940009607, Partial Payment 6. NAFTZ $ 1,250.00 Order# 183550, 2022 Membership 7. ADVANCE MEDIA NEW YORK $ 494.96 Public Hearing Notices; IMS 22, CVE North, East & West 8. FEDEX $ 25.08 Inv#7-345-58501, Shipping 9. ROBERT M. PETROVICH $ 173.16 Mileage and Tolls Albany Trip 10. NANCY LOWERY $ 185.42 Mileage and Tolls Albany Trip 11. NATE STEVENS $ 185.42 Mileage and Tolls Albany Trip 1 Schedule#467 page 2 12. LEN RAUCH $ 50.00 Reimbursement for Expenses TOTAL $ 1,264,878.77 GENERAL EXPENSES 1. BARCLAY DAMON LLP* $ 200,000.00 WPCP Legal Fees 2. BARCLAY DAMON LLP** $ 658,550.14 Purchase of Land 3. BARCLAY DAMON LLP** $ 314,587.49 Purchase of Land 4. BARCLAY DAMON LLP** $ 76,543.10 Purchase of Land 5. RAMBOLL AMERICAS ENGINEERING SOLUTIONS, INC.*** $ 12,884.00 Inv#1940009607, Partial Payment 6. NAFTZ $ 1,250.00 Order# 183550, 2022 Membership 7. ADVANCE MEDIA NEW YORK $ 494.96 Public Hearing Notices; IMS 22, CVE North, East & West 8. FEDEX $ 25.08 Inv#7-345-58501, Shipping 9. ROBERT M. PETROVICH $ 173.16 Mileage and Tolls Albany Trip 10. NANCY LOWERY $ 185.42 Mileage and Tolls Albany Trip 11. NATE STEVENS $ 185.42 Mileage and Tolls Albany Trip 1 Schedule#467 page 2 12. LEN RAUCH $ 50.00 Reimbursement for Expenses TOTAL $ 1,264,878.77 *Ratification of Check dated February 4, 2022 **Ratification of Checks dated February 17, 2022 ***Ratification of Check dated February 18, 2022 2 *Ratification of Check dated February 4, 2022 **Ratification of Checks dated February 17, 2022 ***Ratification of Check dated February 18, 2022 2 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY PAYMENT OF BILL - SCHEDULE #467 March 8, 2022 PILOT Payments 1. ONONDAGA COUNTY* $ 210,021.32 2022 PILOT Payments 2. CITY OF SYRACUSE* $ 1,675.73 4th Quarter 2021 Syracuse Rail PILOT Payment 3. TOWN OF CICERO $ 7,468.00 2022 PILOT Payments 4. TOWN OF CLAY* $ 56,814.00 2022 PILOT Payments 5. TOWN OF DEWITT* $ 79,462.23 2022 PILOT Payments 6. TOWN OF ONONDAGA* $ 3.36 4th Quarter 2021 Syracuse Rail PILOT Payment 7. TOWN OF SALINA* $ 4,437.00 2022 Immediate Mailing Services PILOT Payment 8. TOWN OF SKANEATELES* $ 217.00 2022 Abundant Solar PILOT Payment 9. VILLAGE OF LIVERPOOL* $ 4,330.00 2022 Immediate Mailing Services PILOT Payment 10. EAST SYRACUSE MINOA CSD* $ 289,006.84 2022 PILOT Payments 11. JAMESVILLE DEWITT CSD* $ 108.09 4th Quarter 2021 Syracuse Rail PILOT Payment 1 Schedule #467 Page 2 12. LIVERPOOL CSD* $ 448,039.00 2022 PILOT Payments ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY PAYMENT OF BILL - SCHEDULE #467 March 8, 2022 PILOT Payments 1. ONONDAGA COUNTY* $ 210,021.32 2022 PILOT Payments 2. CITY OF SYRACUSE* $ 1,675.73 4th Quarter 2021 Syracuse Rail PILOT Payment 3. TOWN OF CICERO $ 7,468.00 2022 PILOT Payments 4. TOWN OF CLAY* $ 56,814.00 2022 PILOT Payments 5. TOWN OF DEWITT* $ 79,462.23 2022 PILOT Payments 6. TOWN OF ONONDAGA* $ 3.36 4th Quarter 2021 Syracuse Rail PILOT Payment 7. TOWN OF SALINA* $ 4,437.00 2022 Immediate Mailing Services PILOT Payment 8. TOWN OF SKANEATELES* $ 217.00 2022 Abundant Solar PILOT Payment 9. VILLAGE OF LIVERPOOL* $ 4,330.00 2022 Immediate Mailing Services PILOT Payment 10. EAST SYRACUSE MINOA CSD* $ 289,006.84 2022 PILOT Payments 11. JAMESVILLE DEWITT CSD* $ 108.09 4th Quarter 2021 Syracuse Rail PILOT Payment 1 Schedule #467 Page 2 12. LIVERPOOL CSD* $ 448,039.00 2022 PILOT Payments 13. MARCELLUS CSD* $ 2,744.00 2022 Abundant Solar PILOT Payment 14. NORTH SYRACUSE CSD* $ 175,034.00 2022 PILOT Payments 15. ONONDAGA COUNTY $ 2,633.00 Empire Polymer 2022 PILOT Payment 16. TOWN OF VAN BUREN $ 2,011.00 Empire Polymer 2022 PILOT Payment 17. BALDWINSVILLE CSD $ 12,253.00 Empire Polymer 2022 PILOT Payment TOTAL $ 1,296,257.57 *Ratification of Checks dated February 22, 2022 2 13. MARCELLUS CSD* $ 2,744.00 2022 Abundant Solar PILOT Payment 14. NORTH SYRACUSE CSD* $ 175,034.00 2022 PILOT Payments 15. ONONDAGA COUNTY $ 2,633.00 Empire Polymer 2022 PILOT Payment 16. TOWN OF VAN BUREN $ 2,011.00 Empire Polymer 2022 PILOT Payment 17. BALDWINSVILLE CSD $ 12,253.00 Empire Polymer 2022 PILOT Payment TOTAL $ 1,296,257.57 *Ratification of Checks dated February 22, 2022 2 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY RESERVE FOR CONTRACTS 2/28/2022 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY RESERVE FOR CONTRACTS 2/28/2022 CONTRACT TOTAL PORTION BALANCE DESCRIPTION TERM CONTRACT PAID OUTSTANDING ONONDAGA COUNTY OED 2021 1-1-22-1-31-22 $800,000.00 $59,221.61 $740,778.39 333 W. WASHINGTON ST 2022 RENT 1-1-22-1-31-22 $60,000.00 $0.00 $60,000.00 OBG WPCP CO #4 ADDITIONAL STUDIES 11-30-18-12-31-21 $800,000.00 $619,651.25 $180,348.75 JMT 800 HIAWATHA ENGINEERING 2/13/19-12-31-21 $25,000.00 $14,766.10 $10,233.90 $1,685,000.00 $693,638.96 $991,361.04 CONTRACT TOTAL PORTION BALANCE DESCRIPTION TERM CONTRACT PAID OUTSTANDING ONONDAGA COUNTY OED 2021 1-1-22-1-31-22 $800,000.00 $59,221.61 $740,778.39 333 W. WASHINGTON ST 2022 RENT 1-1-22-1-31-22 $60,000.00 $0.00 $60,000.00 OBG WPCP CO #4 ADDITIONAL STUDIES 11-30-18-12-31-21 $800,000.00 $619,651.25 $180,348.75 JMT 800 HIAWATHA ENGINEERING 2/13/19-12-31-21 $25,000.00 $14,766.10 $10,233.90 $1,685,000.00 $693,638.96 $991,361.04 ACCOUNTS RECEIVABLE 2/28/2022 AGENCY FEES RECEIVABLE $244,959.95 ACCOUNTS RECEIVABLE GENERAL $0.00 QUASI-EQUITY LOAN RECEIVABLE $0.00 GRANTS RECEIVABLE $0.00 LONG TERM RECEIVABLE $222,024.00 TOTAL $466,983.95 Annual Meeting March 8, 2022 Michael Lisson, CPA, CITP Partner ACCOUNTS RECEIVABLE 2/28/2022 AGENCY FEES RECEIVABLE $244,959.95 ACCOUNTS RECEIVABLE GENERAL $0.00 QUASI-EQUITY LOAN RECEIVABLE $0.00 GRANTS RECEIVABLE $0.00 LONG TERM RECEIVABLE $222,024.00 TOTAL $466,983.95 Annual Meeting March 8, 2022 Michael Lisson, CPA, CITP Partner 110 West Fayette Street, Suite 900 Syracuse, New York 13202 1 315.424.1120 • www.gsacpas.com Page 23 Agenda  REQUIRED COMMUNICATIONS  ANNUAL FINANCIAL INFORMATION  FINANCIAL STATEMENTS  INVESTMENT POLICY COMPLIANCE  REPORT ON INTERNAL CONTROL & OTHER COMPLIANCE  OTHER INFORMATION Page 24 Required Communications  Required by Generally Accepted Governmental Auditing Standards (GAGAS)  AU‐C Section 260, The Auditor’s Communication with Those Charged with Governance  Those Charged with Governance  Responsible for overseeing strategic direction of entity  Responsible for obligations related to accountability  Oversees the financial reporting process, including internal controls Page 25 Required Communications (continued)  Auditor’s Responsibilities with Regard to the Financial Statement Audit  We form and express an opinion on your financial statements. Does not relieve management or the board of their responsibilities  Further described in the annual engagement letter 110 West Fayette Street, Suite 900 Syracuse, New York 13202 1 315.424.1120 • www.gsacpas.com Page 23 Agenda  REQUIRED COMMUNICATIONS  ANNUAL FINANCIAL INFORMATION  FINANCIAL STATEMENTS  INVESTMENT POLICY COMPLIANCE  REPORT ON INTERNAL CONTROL & OTHER COMPLIANCE  OTHER INFORMATION Page 24 Required Communications  Required by Generally Accepted Governmental Auditing Standards (GAGAS)  AU‐C Section 260, The Auditor’s Communication with Those Charged with Governance  Those Charged with Governance  Responsible for overseeing strategic direction of entity  Responsible for obligations related to accountability  Oversees the financial reporting process, including internal controls Page 25 Required Communications (continued)  Auditor’s Responsibilities with Regard to the Financial Statement Audit  We form and express an opinion on your financial statements. Does not relieve management or the board of their responsibilities  Further described in the annual engagement letter  Planned Scope and Timing of the Audit  Communicated on October 19, 2021  We carried out our audit consistent with the planned scope and timing previously communicated  Significant Risks Identified:  Revenue Recognition  Investment in real property A significant risk for our audit purposes are risks relating to amounts or disclosures in the financial statements that require special audit consideration because of the likelihood and magnitude of the potential misstatement. We consider certain factors to determine whether a risk is a significant risk. Page 26 Required Communications (continued)  Qualitative aspects of significant accounting practices  The notes to financials describes significant accounting practices  Pollution remediation obligations (note 2)  Investment in real property (note 2)  Financial assistance program (note 3)  Tax abatement programs (note 4)  Property leases and bonds payable (conduit debt‐$91.1m) (note 9)  Note payable to Onondaga County ‐ $1.8m, available $18.2m (note 12)  Planned Scope and Timing of the Audit  Communicated on October 19, 2021  We carried out our audit consistent with the planned scope and timing previously communicated  Significant Risks Identified:  Revenue Recognition  Investment in real property A significant risk for our audit purposes are risks relating to amounts or disclosures in the financial statements that require special audit consideration because of the likelihood and magnitude of the potential misstatement. We consider certain factors to determine whether a risk is a significant risk. Page 26 Required Communications (continued)  Qualitative aspects of significant accounting practices  The notes to financials describes significant accounting practices  Pollution remediation obligations (note 2)  Investment in real property (note 2)  Financial assistance program (note 3)  Tax abatement programs (note 4)  Property leases and bonds payable (conduit debt‐$91.1m) (note 9)  Note payable to Onondaga County ‐ $1.8m, available $18.2m (note 12)  Significant estimates  Depreciable lives (5 to 39 years)  Pollution remediation obligations  Financials and notes are fairly consistent with prior year and are fairly presented.  Difficulties encountered in performing the audit  None. Management is well prepared and was extremely helpful in assisting and preparing information for the audit Page 27 Required Communications (continued)  Uncorrected and corrected misstatements  There were no uncorrected misstatements that were not recorded by management  Minor entries related to depreciation expense, OED expense not required to be funded per Onondaga County, accrual of development fees, interest on note payable to Onondaga county, reversal of PILOT payable, and write‐off of long term receivable for a project that never commenced. Page 28  Significant estimates  Depreciable lives (5 to 39 years)  Pollution remediation obligations  Financials and notes are fairly consistent with prior year and are fairly presented.  Difficulties encountered in performing the audit  None. Management is well prepared and was extremely helpful in assisting and preparing information for the audit Page 27 Required Communications (continued)  Uncorrected and corrected misstatements  There were no uncorrected misstatements that were not recorded by management  Minor entries related to depreciation expense, OED expense not required to be funded per Onondaga County, accrual of development fees, interest on note payable to Onondaga county, reversal of PILOT payable, and write‐off of long term receivable for a project that never commenced. Page 28 Required Communications (continued)  Disagreements with management  None to report  Management Representations  Letter dated March 8, 2022  Management Consultations with Other Independent Accountants  No consultations have been noted  Compliance with All Ethics Requirements regarding independence  Appropriate safeguards applied to eliminate/reduce identified threats to independence, primarily related to non‐audit services provided. Non‐audit services include:  Preparation of the financial statements (deemed a “significant threat”)  Other Audit Findings or Issues  None to report Page 29 Annual Financial Information Financial Statements  Unmodified (“clean”) audit opinion (pgs 1‐3)  Change in format and wording of opinion this year  Report on required supplementary information (RSI)  Other information  Management’s Discussion and Analysis (pgs 4‐6)  Statements of Net Position (pg 7)  Statements of Revenues, Expenses & Changes in Net Position(pg 8)  Statements of Cash Flows (pgs 9‐10)  Notes to financial statements (pgs 11‐19)  Supplemental Schedule (NYS requirement) (pgs 20‐22) Page 30 Required Communications (continued)  Disagreements with management  None to report  Management Representations  Letter dated March 8, 2022  Management Consultations with Other Independent Accountants  No consultations have been noted  Compliance with All Ethics Requirements regarding independence  Appropriate safeguards applied to eliminate/reduce identified threats to independence, primarily related to non‐audit services provided. Non‐audit services include:  Preparation of the financial statements (deemed a “significant threat”)  Other Audit Findings or Issues  None to report Page 29 Annual Financial Information Financial Statements  Unmodified (“clean”) audit opinion (pgs 1‐3)  Change in format and wording of opinion this year  Report on required supplementary information (RSI)  Other information  Management’s Discussion and Analysis (pgs 4‐6)  Statements of Net Position (pg 7)  Statements of Revenues, Expenses & Changes in Net Position(pg 8)  Statements of Cash Flows (pgs 9‐10)  Notes to financial statements (pgs 11‐19)  Supplemental Schedule (NYS requirement) (pgs 20‐22) Page 30 Annual Financial Information Net Position Summary Year Ended December 31, 2021 2020 2019 Cash and cash equivalents $ 2,975,229 $ 5,069,972 $ 2,206,148 Receivables ‐ Onondaga County ‐ ‐ 1,336,998 Accounts receivable 315,335 269,149 833,971 Grant receivables ‐ ‐ 268,734 Capital assets 4,488,414 4,502,156 4,518,424 Investment in real property 6,180,006 ‐ ‐ Total assets 13,958,984 9,841,277 9,164,275 Current liabilities 749,875 386,715 564,045 Note payable to Onondaga County 1,745,781 ‐ ‐ Accrued interest 2,129 ‐ ‐ Total liabilities 2,497,785 386,715 564,045 Annual Financial Information Net Position Summary Year Ended December 31, 2021 2020 2019 Cash and cash equivalents $ 2,975,229 $ 5,069,972 $ 2,206,148 Receivables ‐ Onondaga County ‐ ‐ 1,336,998 Accounts receivable 315,335 269,149 833,971 Grant receivables ‐ ‐ 268,734 Capital assets 4,488,414 4,502,156 4,518,424 Investment in real property 6,180,006 ‐ ‐ Total assets 13,958,984 9,841,277 9,164,275 Current liabilities 749,875 386,715 564,045 Note payable to Onondaga County 1,745,781 ‐ ‐ Accrued interest 2,129 ‐ ‐ Total liabilities 2,497,785 386,715 564,045 Net Position: Net investment in capital assets 4,488,414 4,502,156 4,518,424 Unrestricted 6,972,785 4,952,406 4,081,806 Total net position $ 11,461,199 $ 9,454,562 $ 8,600,230 Page 31 Annual Financial Information Change in Net Position Summary Year Ended December 31, 2021 2020 2019 Operating revenues $ 2,334,950 $ 2,803,839 $ 3,550,992 Operating expenses 326,923 1,951,084 1,462,500 Operating income (loss) 2,008,027 852,755 2,088,492 Other revenues (expenses) (1,390) 1,577 8,036 Change in net position 2,006,637 854,332 2,096,528 Net position ‐ beginning of year 9,454,562 8,600,230 6,503,702 Net position ‐ end of year $ 11,461,199 $ 9,454,562 $ 8,600,230 Page 32 Net Position: Net investment in capital assets 4,488,414 4,502,156 4,518,424 Unrestricted 6,972,785 4,952,406 4,081,806 Total net position $ 11,461,199 $ 9,454,562 $ 8,600,230 Page 31 Annual Financial Information Change in Net Position Summary Year Ended December 31, 2021 2020 2019 Operating revenues $ 2,334,950 $ 2,803,839 $ 3,550,992 Operating expenses 326,923 1,951,084 1,462,500 Operating income (loss) 2,008,027 852,755 2,088,492 Other revenues (expenses) (1,390) 1,577 8,036 Change in net position 2,006,637 854,332 2,096,528 Net position ‐ beginning of year 9,454,562 8,600,230 6,503,702 Net position ‐ end of year $ 11,461,199 $ 9,454,562 $ 8,600,230 Page 32 Annual Financial Information Financial Highlights  Operating Revenues decreased $468,889 in 2021 compared to a decrease of $747,153 in 2020. This was primarily due to the following:  Decrease in overall Agency fees received of $857,156 compared to 2020. Significant Agency fees included $260,000 from Milton CAT, $194,311 from UR‐ Ban Villages PFA, LLC, and $164,544 from LeMoyne Manor LLC;  Additional decrease in Agency fees of $222,024 due to the write‐off of a long term receivable for a project that never commenced;  Increase of $663,002 in 2021 for reimbursement of costs related to the White Pine Commerce Park from Onondaga County; and  Increase of $165,552 for reimbursement of development costs from a utility company for work related to the White Pine Commerce Park. Page 33 Annual Financial Information Financial Highlights (continued)  Operating Expenses decreased $1,624,161 in 2021. Contractual support services with Onondaga County decreased $413,546 (Agency was not required to commit funding in 2021) while development costs and professional fees decreased $501,806 and $295,718, respectively, compared to the previous year. Annual Financial Information Financial Highlights  Operating Revenues decreased $468,889 in 2021 compared to a decrease of $747,153 in 2020. This was primarily due to the following:  Decrease in overall Agency fees received of $857,156 compared to 2020. Significant Agency fees included $260,000 from Milton CAT, $194,311 from UR‐ Ban Villages PFA, LLC, and $164,544 from LeMoyne Manor LLC;  Additional decrease in Agency fees of $222,024 due to the write‐off of a long term receivable for a project that never commenced;  Increase of $663,002 in 2021 for reimbursement of costs related to the White Pine Commerce Park from Onondaga County; and  Increase of $165,552 for reimbursement of development costs from a utility company for work related to the White Pine Commerce Park. Page 33 Annual Financial Information Financial Highlights (continued)  Operating Expenses decreased $1,624,161 in 2021. Contractual support services with Onondaga County decreased $413,546 (Agency was not required to commit funding in 2021) while development costs and professional fees decreased $501,806 and $295,718, respectively, compared to the previous year.  In addition, financial assistance grants to help alleviate the economic damage that small businesses experienced as a result of the COVID‐19 pandemic decreased $183,232 in 2021. Page 34 Annual Other Reporting  Investment Policy Compliance  Required by NYS Public Authorities Law section 2925  No non‐compliance matters noted or identified  Report on Internal Control over Financial Reporting and on Compliance and Other Matters  No material weaknesses or non‐compliance matters noted Page 35  In addition, financial assistance grants to help alleviate the economic damage that small businesses experienced as a result of the COVID‐19 pandemic decreased $183,232 in 2021. Page 34 Annual Other Reporting  Investment Policy Compliance  Required by NYS Public Authorities Law section 2925  No non‐compliance matters noted or identified  Report on Internal Control over Financial Reporting and on Compliance and Other Matters  No material weaknesses or non‐compliance matters noted Page 35 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A DISCRETELY PRESENTED COMPONENT UNIT OF THE COUNTY OF ONONDAGA, NEW YORK) ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A DISCRETELY PRESENTED COMPONENT UNIT OF THE COUNTY OF ONONDAGA, NEW YORK) FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION December 31, 2021 and 2020 Page 36 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION December 31, 2021 and 2020 Page 36 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Table of Contents Independent Auditor’s Report 1‐3 Required Supplementary Information: Management’s Discussion and Analysis (Unaudited) 4‐7 Financial Statements: Statements of Net Position ‐ December 31, 2021 and 2020 8 Statements of Revenues, Expenses and Changes in Net Position ‐ For the Years Ended December 31, 2021 and 2020 9 Statements of Cash Flows ‐ For the Years Ended December 31, 2021 and 2020 10 ‐ 11 Notes to Financial Statements 12 ‐ 21 Supplementary Information: Supplemental Schedule of Revenue Bonds and Other Bonds (Conduit Debt Obligations) 22 ‐ 23 Page 37 INDEPENDENT AUDITOR’S REPORT Board of Directors Onondaga County Industrial Development Agency Syracuse, New York Report on the Audit of the Financial Statements ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Table of Contents Independent Auditor’s Report 1‐3 Required Supplementary Information: Management’s Discussion and Analysis (Unaudited) 4‐7 Financial Statements: Statements of Net Position ‐ December 31, 2021 and 2020 8 Statements of Revenues, Expenses and Changes in Net Position ‐ For the Years Ended December 31, 2021 and 2020 9 Statements of Cash Flows ‐ For the Years Ended December 31, 2021 and 2020 10 ‐ 11 Notes to Financial Statements 12 ‐ 21 Supplementary Information: Supplemental Schedule of Revenue Bonds and Other Bonds (Conduit Debt Obligations) 22 ‐ 23 Page 37 INDEPENDENT AUDITOR’S REPORT Board of Directors Onondaga County Industrial Development Agency Syracuse, New York Report on the Audit of the Financial Statements We have audited the financial statements of the Onondaga County Industrial Development Agency (the Agency), a component unit of the County of Onondaga, New York (the County), as of and for the years ended December 31, 2021 and 2020, and the related notes to the financial statements, which collectively comprise the Agency’s basic financial statements as listed in the table of contents. In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the financial position of the Agency, as of December 31, 2021 and 2020, and the changes in its financial position and its cash flows thereof for the years then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinion We have audited the financial statements of the Onondaga County Industrial Development Agency (the Agency), a component unit of the County of Onondaga, New York (the County), as of and for the years ended December 31, 2021 and 2020, and the related notes to the financial statements, which collectively comprise the Agency’s basic financial statements as listed in the table of contents. In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the financial position of the Agency, as of December 31, 2021 and 2020, and the changes in its financial position and its cash flows thereof for the years then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinion We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Agency and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Page 38 Responsibilities of Management for the Financial Statements The Agency's management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Agency’s ability to continue as a going concern for one year beyond the financial statement date. We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Agency and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Page 38 Responsibilities of Management for the Financial Statements The Agency's management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Agency’s ability to continue as a going concern for one year beyond the financial statement date. Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with GAAS, we: Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with GAAS, we: • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Agency’s internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Agency’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit. Page 39 Required Supplementary Information • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Agency’s internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Agency’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit. Page 39 Required Supplementary Information Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis on pages 4‐7 be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary Information Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis on pages 4‐7 be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary Information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the Agency's basic financial statements. The supplemental schedule of revenue bonds and other bonds (conduit debt obligations), as required by New York State General Municipal Law §859 (1) (b), are presented for purposes of additional analysis and are not a required part of the basic financial statements. The supplemental schedule of revenue bonds and other bonds (conduit debt obligations) is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplemental schedule of revenue bonds and other bonds (conduit debt obligations) is fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Reporting Required by Government Auditing Standards Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the Agency's basic financial statements. The supplemental schedule of revenue bonds and other bonds (conduit debt obligations), as required by New York State General Municipal Law §859 (1) (b), are presented for purposes of additional analysis and are not a required part of the basic financial statements. The supplemental schedule of revenue bonds and other bonds (conduit debt obligations) is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplemental schedule of revenue bonds and other bonds (conduit debt obligations) is fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 8, 2022, on our consideration of the Agency’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulation, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Agency’s internal control over financial reporting and compliance. Syracuse, New York March 8, 2022 Page 40 In accordance with Government Auditing Standards, we have also issued our report dated March 8, 2022, on our consideration of the Agency’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulation, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Agency’s internal control over financial reporting and compliance. Syracuse, New York March 8, 2022 Page 40 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) This section of the Onondaga County Industrial Development Agency’s (the Agency), a discretely presented component unit of Onondaga County, New York (the County), annual financial report presents our discussion and analysis of the Agency’s financial performance during the year ended December 31, 2021. It should be read in conjunction with the Agency’s financial statements and accompanying notes. MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) This section of the Onondaga County Industrial Development Agency’s (the Agency), a discretely presented component unit of Onondaga County, New York (the County), annual financial report presents our discussion and analysis of the Agency’s financial performance during the year ended December 31, 2021. It should be read in conjunction with the Agency’s financial statements and accompanying notes. FINANCIAL STATEMENTS The annual financial report of the Agency consists of two parts: Management’s Discussion and Analysis (this section) and the basic financial statements and footnotes. The Agency is a self‐supporting entity. The accounts are recorded in accordance with a proprietary fund type and consist of an enterprise fund. Proprietary fund type operating statements present increases and decreases in net position. The financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. The Agency does not maintain separate fund accounts. Condensed Comparative Financial Information FINANCIAL STATEMENTS The annual financial report of the Agency consists of two parts: Management’s Discussion and Analysis (this section) and the basic financial statements and footnotes. The Agency is a self‐supporting entity. The accounts are recorded in accordance with a proprietary fund type and consist of an enterprise fund. Proprietary fund type operating statements present increases and decreases in net position. The financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. The Agency does not maintain separate fund accounts. Condensed Comparative Financial Information Year Ended December 31, 2021 2020 2019 Cash and cash equivalents $ 2,975,229 $ 5,069,972 $ 2,206,148 Receivables ‐ Onondaga County ‐ ‐ 1,336,998 Accounts receivable 315,335 269,149 833,971 Grant receivables ‐ ‐ 268,734 Capital assets 4,488,414 4,502,156 4,518,424 Investment in real property 6,180,006 ‐ ‐ Total assets 13,958,984 9,841,277 9,164,275 Current liabilities 749,875 386,715 564,045 Note payable to Onondaga County 1,745,781 ‐ ‐ Accrued interest 2,129 ‐ ‐ Total liabilities 2,497,785 386,715 564,045 Year Ended December 31, 2021 2020 2019 Cash and cash equivalents $ 2,975,229 $ 5,069,972 $ 2,206,148 Receivables ‐ Onondaga County ‐ ‐ 1,336,998 Accounts receivable 315,335 269,149 833,971 Grant receivables ‐ ‐ 268,734 Capital assets 4,488,414 4,502,156 4,518,424 Investment in real property 6,180,006 ‐ ‐ Total assets 13,958,984 9,841,277 9,164,275 Current liabilities 749,875 386,715 564,045 Note payable to Onondaga County 1,745,781 ‐ ‐ Accrued interest 2,129 ‐ ‐ Total liabilities 2,497,785 386,715 564,045 Net Position: Net investment in capital assets 4,488,414 4,502,156 4,518,424 Unrestricted 6,972,785 4,952,406 4,081,806 Total net position $ 11,461,199 $ 9,454,562 $ 8,600,230 ‐4‐ Page 41 Net Position: Net investment in capital assets 4,488,414 4,502,156 4,518,424 Unrestricted 6,972,785 4,952,406 4,081,806 Total net position $ 11,461,199 $ 9,454,562 $ 8,600,230 ‐4‐ Page 41 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) FINANCIAL STATEMENTS (continued) The change in assets, liabilities and net position categories for the year ended December 31, 2021 compared to December 31, 2020 included the following:  Total operating cash decreased $2,094,743 due to current operations, which included an increase of cash from Agency fees of $1,299,570 and $2,408,783 from Onondaga County reimbursements and note advances. The Agency spent $5,526,280 in cash for investments in real property related to the White Pine Commerce Park site in 2021.  Investment in real property represents the spending related to the White Pine Commerce Park for purchases of land, including incidental costs to purchase such land. The agency recognized $6,180,006 in 2021 and through March 8, 2022, has already spent an additional $3,830,574 which will be reflected in the 2022 financial statements.  Current liabilities increased $363,160, primarily due to the timing of professional fees related to the White Pine Commerce Park site which were included in accounts payable as of 2021.  The note payable to Onondaga County of $1,745,781 represents the advances against a new note agreement entered into with Onondaga County in 2021 which provides up to $20,000,000 of available credit to assist the Agency in funding its program incentives, projects, asset development and work related improvements. MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) FINANCIAL STATEMENTS (continued) The change in assets, liabilities and net position categories for the year ended December 31, 2021 compared to December 31, 2020 included the following:  Total operating cash decreased $2,094,743 due to current operations, which included an increase of cash from Agency fees of $1,299,570 and $2,408,783 from Onondaga County reimbursements and note advances. The Agency spent $5,526,280 in cash for investments in real property related to the White Pine Commerce Park site in 2021.  Investment in real property represents the spending related to the White Pine Commerce Park for purchases of land, including incidental costs to purchase such land. The agency recognized $6,180,006 in 2021 and through March 8, 2022, has already spent an additional $3,830,574 which will be reflected in the 2022 financial statements.  Current liabilities increased $363,160, primarily due to the timing of professional fees related to the White Pine Commerce Park site which were included in accounts payable as of 2021.  The note payable to Onondaga County of $1,745,781 represents the advances against a new note agreement entered into with Onondaga County in 2021 which provides up to $20,000,000 of available credit to assist the Agency in funding its program incentives, projects, asset development and work related improvements.  The Agency’s total net position increased $2,006,637. Operating revenues exceeded operating expenses by $2,008,027 in the current year, a net increase of $1,155,272 from prior year primarily due to expenditures related to the White Pine Commerce Park which decreased $727,171 compared to 2020. Incidental costs related to the purchase of land, including administrative, developmental, and professional fees totaling $1,595,006 were included in investment in real property in 2021, related to the White Pine Commerce Park. In addition, Onondaga County did not charge the Agency for contractual support service expenses in 2021, compared to $413,546 incurred for contractual support services in 2020. ‐5‐ Page 42  The Agency’s total net position increased $2,006,637. Operating revenues exceeded operating expenses by $2,008,027 in the current year, a net increase of $1,155,272 from prior year primarily due to expenditures related to the White Pine Commerce Park which decreased $727,171 compared to 2020. Incidental costs related to the purchase of land, including administrative, developmental, and professional fees totaling $1,595,006 were included in investment in real property in 2021, related to the White Pine Commerce Park. In addition, Onondaga County did not charge the Agency for contractual support service expenses in 2021, compared to $413,546 incurred for contractual support services in 2020. ‐5‐ Page 42 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) Condensed Comparative Financial Information (continued) Year Ended December 31, 2021 2020 2019 Operating revenues $ 2,334,950 $ 2,803,839 $ 3,550,992 Operating expenses 326,923 1,951,084 1,462,500 Operating income (loss) 2,008,027 852,755 2,088,492 Other revenues (expenses) (1,390) 1,577 8,036 Change in net position 2,006,637 854,332 2,096,528 Net position ‐ beginning of year 9,454,562 8,600,230 6,503,702 Net position ‐ end of year $ 11,461,199 $ 9,454,562 $ 8,600,230 Change in financial categories between the year ended December 31, 2021 and the year ended December 31, 2020 include the following: MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) Condensed Comparative Financial Information (continued) Year Ended December 31, 2021 2020 2019 Operating revenues $ 2,334,950 $ 2,803,839 $ 3,550,992 Operating expenses 326,923 1,951,084 1,462,500 Operating income (loss) 2,008,027 852,755 2,088,492 Other revenues (expenses) (1,390) 1,577 8,036 Change in net position 2,006,637 854,332 2,096,528 Net position ‐ beginning of year 9,454,562 8,600,230 6,503,702 Net position ‐ end of year $ 11,461,199 $ 9,454,562 $ 8,600,230 Change in financial categories between the year ended December 31, 2021 and the year ended December 31, 2020 include the following:  Operating Revenues decreased $468,889, net in 2021 compared to a decrease of $747,153 in 2020. This was primarily due to the following: 1) Decrease in overall Agency fees received of $857,156 compared to 2020. Significant Agency fees included $260,000 from Milton CAT, $194,311 from UR‐Ban Villages PFA, LLC, and $164,544 from LeMoyne Manor LLC; 2) Additional decrease in Agency fees of $222,024 due to the write‐off of a note receivable determined by management to be uncollectible as of December 31, 2021; 3) Increase of $663,002 in 2021 for reimbursement of costs related to the White Pine Commerce Park from Onondaga County; 4) Increase of $165,552 for reimbursement of development costs from a utility company for work related to the White Pine Commerce Park and 5) Decrease of pass‐through income of $117,430 compared to 2020 for services to other County economic development entities.  Operating Expenses decreased $1,624,161 in 2021. Contractual support services with Onondaga County decreased $413,546 while development costs and professional fees decreased $501,806 and $295,718, respectively, compared to the previous year. In addition, financial assistance grants to help alleviate the economic damage that small businesses experienced as a result of the COVID‐19 pandemic decreased $183,232 in 2021. Pass‐through expense decreased $117,430 in 2021, consistent with related pass‐through income.  Operating Revenues decreased $468,889, net in 2021 compared to a decrease of $747,153 in 2020. This was primarily due to the following: 1) Decrease in overall Agency fees received of $857,156 compared to 2020. Significant Agency fees included $260,000 from Milton CAT, $194,311 from UR‐Ban Villages PFA, LLC, and $164,544 from LeMoyne Manor LLC; 2) Additional decrease in Agency fees of $222,024 due to the write‐off of a note receivable determined by management to be uncollectible as of December 31, 2021; 3) Increase of $663,002 in 2021 for reimbursement of costs related to the White Pine Commerce Park from Onondaga County; 4) Increase of $165,552 for reimbursement of development costs from a utility company for work related to the White Pine Commerce Park and 5) Decrease of pass‐through income of $117,430 compared to 2020 for services to other County economic development entities.  Operating Expenses decreased $1,624,161 in 2021. Contractual support services with Onondaga County decreased $413,546 while development costs and professional fees decreased $501,806 and $295,718, respectively, compared to the previous year. In addition, financial assistance grants to help alleviate the economic damage that small businesses experienced as a result of the COVID‐19 pandemic decreased $183,232 in 2021. Pass‐through expense decreased $117,430 in 2021, consistent with related pass‐through income. ‐6‐ Page 43 ‐6‐ Page 43 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) Analysis of Overall Financial Position and Results of Operations The Agency is engaged in activities to support economic growth in Onondaga County, including job creation and retention, and increasing the net wealth of the County. The Agency does not receive any general appropriations from local, county or state government to support its operations. The Agency collects revenue for its operating purposes from the issuance of bonds and straight lease transactions and from interest on investments. In the year ended December 31, 2021, the Agency received $1,345,756 from agency and other fees, a decrease of $1,079,180 from the prior year. The Agency’s staff services are provided by the Onondaga County Office of Economic Development. The Agency compensates the County for these services based on budgeted expenses; in 2021, the County did not charge the Agency for the expenses incurred. Capital Assets and Investment in Real Property MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) Analysis of Overall Financial Position and Results of Operations The Agency is engaged in activities to support economic growth in Onondaga County, including job creation and retention, and increasing the net wealth of the County. The Agency does not receive any general appropriations from local, county or state government to support its operations. The Agency collects revenue for its operating purposes from the issuance of bonds and straight lease transactions and from interest on investments. In the year ended December 31, 2021, the Agency received $1,345,756 from agency and other fees, a decrease of $1,079,180 from the prior year. The Agency’s staff services are provided by the Onondaga County Office of Economic Development. The Agency compensates the County for these services based on budgeted expenses; in 2021, the County did not charge the Agency for the expenses incurred. Capital Assets and Investment in Real Property As of December 31, 2021, the Agency’s investment in capital assets was $4,488,414, net of depreciation. The Agency’s capital assets include the White Pine Commerce Park parcels purchased prior to 2021 ($3,327,146) (WPCP, formerly known as the Clay Business Park), land, buildings and equipment. WPCP is an undeveloped industrial park in the Town of Clay. The Agency acquired the land in the park for the purpose of attracting a large commercial/industrial project in the Town of Clay. WPCP parcels purchased in 2021 are classified as investment in real property. The Agency previously acquired property on North Salina Street, in the City of Syracuse, and is leasing the premises to Onondaga Community College to house a workforce development training program. Finally, the Agency invested in the rehabilitation of the real property at 800 Hiawatha Blvd, also in the City of Syracuse, whereby its capital asset of land is $604,840 Contacting the Agency’s Financial Management This financial report is designed to provide Onondaga County citizens and taxpayers, and the clients of the Agency, with a general overview of the Agency’s finances. If you have questions about this report or need additional financial information, contact the Executive Director, Onondaga County Industrial Development Agency, 333 West Washington Street, Suite 130, Syracuse, New York 13202. ‐7‐ Page 44 As of December 31, 2021, the Agency’s investment in capital assets was $4,488,414, net of depreciation. The Agency’s capital assets include the White Pine Commerce Park parcels purchased prior to 2021 ($3,327,146) (WPCP, formerly known as the Clay Business Park), land, buildings and equipment. WPCP is an undeveloped industrial park in the Town of Clay. The Agency acquired the land in the park for the purpose of attracting a large commercial/industrial project in the Town of Clay. WPCP parcels purchased in 2021 are classified as investment in real property. The Agency previously acquired property on North Salina Street, in the City of Syracuse, and is leasing the premises to Onondaga Community College to house a workforce development training program. Finally, the Agency invested in the rehabilitation of the real property at 800 Hiawatha Blvd, also in the City of Syracuse, whereby its capital asset of land is $604,840 Contacting the Agency’s Financial Management This financial report is designed to provide Onondaga County citizens and taxpayers, and the clients of the Agency, with a general overview of the Agency’s finances. If you have questions about this report or need additional financial information, contact the Executive Director, Onondaga County Industrial Development Agency, 333 West Washington Street, Suite 130, Syracuse, New York 13202. ‐7‐ Page 44 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Statements of Net Position ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Statements of Net Position ASSETS 2021 2020 Current Assets Cash and cash equivalents ‐ unrestricted $ 2,975,229 5,069,972 Receivables ‐ agency fees 315,335 47,125 Total current assets 3,290,564 5,117,097 Non‐Current Assets Receivables ‐ other agency fees ‐ 222,024 Capital assets, net 4,488,414 4,502,156 Investment in real property 6,180,006 ‐ Total non‐current assets 10,668,420 4,724,180 Total assets $ 13,958,984 $ 9,841,277 LIABILITIES and NET POSITION ASSETS 2021 2020 Current Assets Cash and cash equivalents ‐ unrestricted $ 2,975,229 5,069,972 Receivables ‐ agency fees 315,335 47,125 Total current assets 3,290,564 5,117,097 Non‐Current Assets Receivables ‐ other agency fees ‐ 222,024 Capital assets, net 4,488,414 4,502,156 Investment in real property 6,180,006 ‐ Total non‐current assets 10,668,420 4,724,180 Total assets $ 13,958,984 $ 9,841,277 LIABILITIES and NET POSITION Current Liabilities Accounts payable $ 692,110 $ 252,875 Due to other governments 32,765 108,840 Deposits 25,000 25,000 Total current liabilities 749,875 386,715 Non‐Current Liabilities Note payable to Onondaga County 1,745,781 ‐ Accrued interest 2,129 ‐ Total non‐current liabilities 1,747,910 ‐ Total liabilities 2,497,785 386,715 Net investment in capital assets 4,488,414 4,502,156 Unrestricted Net Position 6,972,785 4,952,406 Total net position 11,461,199 9,454,562 $ 13,958,984 $ 9,841,277 Current Liabilities Accounts payable $ 692,110 $ 252,875 Due to other governments 32,765 108,840 Deposits 25,000 25,000 Total current liabilities 749,875 386,715 Non‐Current Liabilities Note payable to Onondaga County 1,745,781 ‐ Accrued interest 2,129 ‐ Total non‐current liabilities 1,747,910 ‐ Total liabilities 2,497,785 386,715 Net investment in capital assets 4,488,414 4,502,156 Unrestricted Net Position 6,972,785 4,952,406 Total net position 11,461,199 9,454,562 $ 13,958,984 $ 9,841,277 The accompanying notes are an integral part of these financial statements ‐8‐ Page 45 The accompanying notes are an integral part of these financial statements ‐8‐ Page 45 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Statements of Revenues, Expenses and Changes in Net Position Year Ended December 31, 2021 2020 Operating Revenue: Agency and other fees $ 1,345,756 $ 2,424,936 Reimbursement ‐ Onondaga County 663,002 ‐ Reimbursement of developmental costs 165,552 ‐ Pass‐through income 2,910 120,340 Rent income 11,500 11,000 Subsidies, grants, and donations 134,116 241,225 Other income 12,114 6,338 Total operating revenues 2,334,950 2,803,839 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Statements of Revenues, Expenses and Changes in Net Position Year Ended December 31, 2021 2020 Operating Revenue: Agency and other fees $ 1,345,756 $ 2,424,936 Reimbursement ‐ Onondaga County 663,002 ‐ Reimbursement of developmental costs 165,552 ‐ Pass‐through income 2,910 120,340 Rent income 11,500 11,000 Subsidies, grants, and donations 134,116 241,225 Other income 12,114 6,338 Total operating revenues 2,334,950 2,803,839 Operating Expenses: Contractual support services ‐ Onondaga County ‐ 413,546 General and administrative 215,680 330,589 Development costs ‐ 501,806 Financial assistance grants 41,907 225,139 Pass‐through expense 2,910 120,340 Depreciation expense 16,898 16,268 Professional fees 33,546 329,264 Other expenses 5,436 6,874 Seminars and meetings 10,546 7,258 Total operating expenses 326,923 1,951,084 Operating Income 2,008,027 852,755 Non‐Operating Income (Expenses): Interest income 739 1,577 Interest expense (2,129) ‐ Total non‐operating income (expenses) (1,390) 1,577 Operating Expenses: Contractual support services ‐ Onondaga County ‐ 413,546 General and administrative 215,680 330,589 Development costs ‐ 501,806 Financial assistance grants 41,907 225,139 Pass‐through expense 2,910 120,340 Depreciation expense 16,898 16,268 Professional fees 33,546 329,264 Other expenses 5,436 6,874 Seminars and meetings 10,546 7,258 Total operating expenses 326,923 1,951,084 Operating Income 2,008,027 852,755 Non‐Operating Income (Expenses): Interest income 739 1,577 Interest expense (2,129) ‐ Total non‐operating income (expenses) (1,390) 1,577 Change in Net Position 2,006,637 854,332 Net Position ‐ beginning of the year 9,454,562 8,600,230 Net Position ‐ end of year $ 11,461,199 $ 9,454,562 The accompanying notes are an integral part of these financial statements ‐9‐ Page 46 Change in Net Position 2,006,637 854,332 Net Position ‐ beginning of the year 9,454,562 8,600,230 Net Position ‐ end of year $ 11,461,199 $ 9,454,562 The accompanying notes are an integral part of these financial statements ‐9‐ Page 46 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Statements of Cash Flows Years Ended December 31, 2021 2020 Cash Flows from Operating Activities Cash received for agency and other fees $ 1,299,570 $ 2,989,758 Cash received for reimbursement 828,554 ‐ Cash received for grants 134,116 509,959 Cash received for rent and other fees 23,614 17,338 Cash received and due to other governments (76,075) 1,250,966 Cash received for deposit ‐ 25,000 Cash paid for economic development (47,686) (457,628) Cash paid for contractual support services ‐ (726,527) Cash payments for professional services (175,164) (190,752) Cash payments for general and administrative expenses (212,015) (345,449) Cash payment for financial assistance grants (70,759) (196,287) Cash payments for other operating expenses (5,436) (6,873) Cash paid for seminars and meetings (10,546) (7,258) ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Statements of Cash Flows Years Ended December 31, 2021 2020 Cash Flows from Operating Activities Cash received for agency and other fees $ 1,299,570 $ 2,989,758 Cash received for reimbursement 828,554 ‐ Cash received for grants 134,116 509,959 Cash received for rent and other fees 23,614 17,338 Cash received and due to other governments (76,075) 1,250,966 Cash received for deposit ‐ 25,000 Cash paid for economic development (47,686) (457,628) Cash paid for contractual support services ‐ (726,527) Cash payments for professional services (175,164) (190,752) Cash payments for general and administrative expenses (212,015) (345,449) Cash payment for financial assistance grants (70,759) (196,287) Cash payments for other operating expenses (5,436) (6,873) Cash paid for seminars and meetings (10,546) (7,258) Net cash flows from operating activities 1,688,173 2,862,247 Cash Flows from Capital and Related Financing Activities Proceeds from note payable to Onondaga County 1,745,781 ‐ Purchases of capital assets (3,156) ‐ Investments in real property (5,526,280) ‐ Net cash flows from capital and related financing activities (3,783,655) ‐ Cash Flows from Noncapital Financing Activities Net cash received for interest on notes outstanding 739 1,577 Net cash flows from financing activities 739 1,577 Change in Cash and Cash Equivalents (2,094,743) 2,863,824 Cash and Cash Equivalents ‐ beginning of year 5,069,972 2,206,148 Cash and Cash Equivalents ‐ end of year $ 2,975,229 $ 5,069,972 The accompanying notes are an integral part of these financial statements ‐ 10 ‐ Page 47 Net cash flows from operating activities 1,688,173 2,862,247 Cash Flows from Capital and Related Financing Activities Proceeds from note payable to Onondaga County 1,745,781 ‐ Purchases of capital assets (3,156) ‐ Investments in real property (5,526,280) ‐ Net cash flows from capital and related financing activities (3,783,655) ‐ Cash Flows from Noncapital Financing Activities Net cash received for interest on notes outstanding 739 1,577 Net cash flows from financing activities 739 1,577 Change in Cash and Cash Equivalents (2,094,743) 2,863,824 Cash and Cash Equivalents ‐ beginning of year 5,069,972 2,206,148 Cash and Cash Equivalents ‐ end of year $ 2,975,229 $ 5,069,972 The accompanying notes are an integral part of these financial statements ‐ 10 ‐ Page 47 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Statements of Cash Flows (continued) Years Ended December 31, 2021 2020 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Statements of Cash Flows (continued) Years Ended December 31, 2021 2020 Reconciliation of Operating Income to Net Cash Flows From Operating Activities: Operating Income $ 2,008,027 $ 852,755 Adjustment to reconcile operating income to net cash flow from operating activities: Depreciation 16,898 16,268 Agency fee write off ‐ 488,642 Changes in: Accounts receivable (46,186) 76,180 Receivables ‐ Onondaga County ‐ 1,336,998 Grant receivable ‐ 268,734 Accounts payable (214,491) 196,682 Due to Onondaga County ‐ (312,981) Due to other governments (76,075) (86,031) Deposits ‐ 25,000 Net cash flows from operating activities $ 1,688,173 $ 2,862,247 Reconciliation of Operating Income to Net Cash Flows From Operating Activities: Operating Income $ 2,008,027 $ 852,755 Adjustment to reconcile operating income to net cash flow from operating activities: Depreciation 16,898 16,268 Agency fee write off ‐ 488,642 Changes in: Accounts receivable (46,186) 76,180 Receivables ‐ Onondaga County ‐ 1,336,998 Grant receivable ‐ 268,734 Accounts payable (214,491) 196,682 Due to Onondaga County ‐ (312,981) Due to other governments (76,075) (86,031) Deposits ‐ 25,000 Net cash flows from operating activities $ 1,688,173 $ 2,862,247 The accompanying notes are an integral part of these financial statements ‐ 11 ‐ Page 48 The accompanying notes are an integral part of these financial statements ‐ 11 ‐ Page 48 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 1. Organization The New York State Industrial Development Agency Act of 1969 provided for the use of industrial revenue bond financing for the expansion and growth of industry in New York State. The Onondaga County Industrial Development Agency (the Agency) was created in accordance with the provisions of this Act in 1970 by a resolution passed by the County of Onondaga, New York (the County) Legislature. The Agency is a special‐purpose government, a financing authority, which is a separate legal entity, governed by a board consisting of seven board members. The Agency was formed to promote and develop the economic growth of the County and to assist in attracting industry to the County through bond and sale/leaseback financing programs and other activities. The Agency created under this Act is a corporate governmental agency constituting a public benefit corporation. ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 1. Organization The New York State Industrial Development Agency Act of 1969 provided for the use of industrial revenue bond financing for the expansion and growth of industry in New York State. The Onondaga County Industrial Development Agency (the Agency) was created in accordance with the provisions of this Act in 1970 by a resolution passed by the County of Onondaga, New York (the County) Legislature. The Agency is a special‐purpose government, a financing authority, which is a separate legal entity, governed by a board consisting of seven board members. The Agency was formed to promote and develop the economic growth of the County and to assist in attracting industry to the County through bond and sale/leaseback financing programs and other activities. The Agency created under this Act is a corporate governmental agency constituting a public benefit corporation. The County Legislature appoints the entire governing board and there is a potential for the County to impose its will on the Agency, and as such, the Agency is considered a discretely presented component unit of the County based on the criteria set forth by the Governmental Accounting Standards Board (GASB). 2. Summary of Significant Accounting Policies Measurement Focus and Basis of Accounting The Agency operates as an enterprise fund. Enterprise funds utilize an “economic resources” measurement focus. The accounting objectives of this measurement focus are the determination of operating income, changes in net position, financial position, and cash flows. All assets and liabilities (whether current or noncurrent) and deferred inflows and outflows associated with their activities are reported. Fund equity is classified as net position. The Agency utilizes the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred or an economic asset is used. Estimates The County Legislature appoints the entire governing board and there is a potential for the County to impose its will on the Agency, and as such, the Agency is considered a discretely presented component unit of the County based on the criteria set forth by the Governmental Accounting Standards Board (GASB). 2. Summary of Significant Accounting Policies Measurement Focus and Basis of Accounting The Agency operates as an enterprise fund. Enterprise funds utilize an “economic resources” measurement focus. The accounting objectives of this measurement focus are the determination of operating income, changes in net position, financial position, and cash flows. All assets and liabilities (whether current or noncurrent) and deferred inflows and outflows associated with their activities are reported. Fund equity is classified as net position. The Agency utilizes the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred or an economic asset is used. Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Income Tax Status The Agency is a governmental corporation, exempt from federal and state income taxes. New York State Public Authorities Law, Title 10, Section 2975‐A established a cost recovery of central governmental services to various public authorities. On November 1 of each year, the Director of the Division of Budget determines the assessment amount owed under this section by each industrial development agency in New York State. ‐ 12 ‐ Page 49 The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Income Tax Status The Agency is a governmental corporation, exempt from federal and state income taxes. New York State Public Authorities Law, Title 10, Section 2975‐A established a cost recovery of central governmental services to various public authorities. On November 1 of each year, the Director of the Division of Budget determines the assessment amount owed under this section by each industrial development agency in New York State. ‐ 12 ‐ Page 49 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 2. Summary of Significant Accounting Policies (continued) Cash and Cash Equivalents Cash and cash equivalents consist of cash held in checking and money market accounts. Accounts Receivable Accounts receivable are stated at their outstanding balances. The Agency considers all accounts receivable to be fully collectible. If collection becomes doubtful, the Agency will either set up an allowance for doubtful accounts or if deemed completely uncollectible, the accounts will be charged against income in the current period. Unpaid balances remaining after the stated payment terms are considered past due. Recoveries of previously charged off accounts are recorded when received. Management did not believe an allowance for doubtful accounts was necessary at December 31, 2021 and 2020. Capital Assets Capital asset purchases are recorded at historical cost or fair market value at the date of acquisition. Depreciation expense is recorded on a straight‐line basis over the assets’ estimated useful life of 5 to 39 years. The Agency’s policy is to capitalize all additions greater than $1,000 with a useful life of more than 5 years. Pollution Remediation Obligations ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 2. Summary of Significant Accounting Policies (continued) Cash and Cash Equivalents Cash and cash equivalents consist of cash held in checking and money market accounts. Accounts Receivable Accounts receivable are stated at their outstanding balances. The Agency considers all accounts receivable to be fully collectible. If collection becomes doubtful, the Agency will either set up an allowance for doubtful accounts or if deemed completely uncollectible, the accounts will be charged against income in the current period. Unpaid balances remaining after the stated payment terms are considered past due. Recoveries of previously charged off accounts are recorded when received. Management did not believe an allowance for doubtful accounts was necessary at December 31, 2021 and 2020. Capital Assets Capital asset purchases are recorded at historical cost or fair market value at the date of acquisition. Depreciation expense is recorded on a straight‐line basis over the assets’ estimated useful life of 5 to 39 years. The Agency’s policy is to capitalize all additions greater than $1,000 with a useful life of more than 5 years. Pollution Remediation Obligations Pollution remediation obligation are obligations to address the current or potential detrimental effects of existing pollution by participating in pollution remediation activities. Obligations to clean up spills of hazardous wastes or hazardous substances and obligations to remove contamination such as asbestos are pollution remediation obligations. Pollution remediation activities may include the following: (1) pre‐cleanup activities, such as site assessments and site investigations, (2) cleanup activities, (3) government oversight and enforcement‐related activities and (4) operation and maintenance of the remedy, including post remediation monitoring. Pollution remediation outlays including outlays for property, plant and equipment are expensed when a liability is incurred. The Agency will capitalize certain pollution remediation outlays for properties for which it anticipates a future sale. The Agency will only capitalize amounts that would result in the carrying amount of the property to not exceed its estimated fair value upon completion of the remediation. The Agency currently has a parcel of land with known pollution and is currently performing various remediation activities. The carrying amount of this parcel of land is $604,840 as of December 31, 2021 and 2020. ‐ 13 ‐ Page 50 Pollution remediation obligation are obligations to address the current or potential detrimental effects of existing pollution by participating in pollution remediation activities. Obligations to clean up spills of hazardous wastes or hazardous substances and obligations to remove contamination such as asbestos are pollution remediation obligations. Pollution remediation activities may include the following: (1) pre‐cleanup activities, such as site assessments and site investigations, (2) cleanup activities, (3) government oversight and enforcement‐related activities and (4) operation and maintenance of the remedy, including post remediation monitoring. Pollution remediation outlays including outlays for property, plant and equipment are expensed when a liability is incurred. The Agency will capitalize certain pollution remediation outlays for properties for which it anticipates a future sale. The Agency will only capitalize amounts that would result in the carrying amount of the property to not exceed its estimated fair value upon completion of the remediation. The Agency currently has a parcel of land with known pollution and is currently performing various remediation activities. The carrying amount of this parcel of land is $604,840 as of December 31, 2021 and 2020. ‐ 13 ‐ Page 50 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 2. Summary of Significant Accounting Policies (continued) Investment in Real Property The Agency considers investment in real property to be real property that is acquired and held primarily for the purpose of income or profit and has a present service capacity based solely on its ability to generate cash or be sold to generate cash. Investment in real property purchases are recorded at cost, including (1) the contract/purchase price; (2) the costs of closing the transaction and obtaining title, including commissions, options, legal fees, title search, insurance, and past due taxes; (3) the costs of surveys; and (4) the cost of preparing the property for its intended use. At December 31, 2021, investment in real property consists of land related to the White Pine Commerce Park purchased with the intention to expand the Park to approximately 1,250 acres to meet the larger geographic footprint necessary to support future development. The investment in real property balance at December 31, 2021 is comprised of the purchase price and following incidental costs: ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 2. Summary of Significant Accounting Policies (continued) Investment in Real Property The Agency considers investment in real property to be real property that is acquired and held primarily for the purpose of income or profit and has a present service capacity based solely on its ability to generate cash or be sold to generate cash. Investment in real property purchases are recorded at cost, including (1) the contract/purchase price; (2) the costs of closing the transaction and obtaining title, including commissions, options, legal fees, title search, insurance, and past due taxes; (3) the costs of surveys; and (4) the cost of preparing the property for its intended use. At December 31, 2021, investment in real property consists of land related to the White Pine Commerce Park purchased with the intention to expand the Park to approximately 1,250 acres to meet the larger geographic footprint necessary to support future development. The investment in real property balance at December 31, 2021 is comprised of the purchase price and following incidental costs: Purchase price $ 4,585,000 Administrative costs: Insurance 6,872 Taxes and tax credits 21,380 Closing costs 69,191 Option agreement fee 100,000 Legal fees 1,104,703 Site analysis and developmental costs 292,860 Balance ‐ December 31, 2021 $ 6,180,006 Operating Revenues and Non‐Operating Revenues The Statements of Revenues, Expenses, and Changes in Net Position distinguishes between operating and non‐operating revenues. Operating revenues, such as fee and rental income, result from exchange transactions associated with the principal activities of the Agency. Exchange transactions are those in which each party to the transaction receives or gives up essentially equal values. Non‐operating revenues arise from exchange transactions not associated with the Agency’s principal activities and from all non‐exchange transactions. Revenue Recognition Purchase price $ 4,585,000 Administrative costs: Insurance 6,872 Taxes and tax credits 21,380 Closing costs 69,191 Option agreement fee 100,000 Legal fees 1,104,703 Site analysis and developmental costs 292,860 Balance ‐ December 31, 2021 $ 6,180,006 Operating Revenues and Non‐Operating Revenues The Statements of Revenues, Expenses, and Changes in Net Position distinguishes between operating and non‐operating revenues. Operating revenues, such as fee and rental income, result from exchange transactions associated with the principal activities of the Agency. Exchange transactions are those in which each party to the transaction receives or gives up essentially equal values. Non‐operating revenues arise from exchange transactions not associated with the Agency’s principal activities and from all non‐exchange transactions. Revenue Recognition Agency and other fee revenue are recognized by the Agency at the date of closing when the related bonds are issued. Interest income is recorded when earned. ‐ 14 ‐ Page 51 Agency and other fee revenue are recognized by the Agency at the date of closing when the related bonds are issued. Interest income is recorded when earned. ‐ 14 ‐ Page 51 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 2. Summary of Significant Accounting Policies (continued) Net Position GASB requires the classification of net position into three components. These classifications are displayed in three components below: a. Net investment in capital assets ‐ capital assets including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes, or other borrowings that are attributable to the acquisition, construction, or improvement of those assets. b. Restricted net position ‐ net position with constraints placed on their use either by (1) external groups such as creditors or laws or regulations of other governments; or (2) law through constitutional provisions or enabling legislation. c. Unrestricted net position ‐ all other assets that do not meet the definition of net investment in capital assets or restricted net position. It is the Agency’s policy to first apply restricted resources when an expense is incurred for purposes for which both restricted and unrestricted net position is available. 3. Financial Assistance Program ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 2. Summary of Significant Accounting Policies (continued) Net Position GASB requires the classification of net position into three components. These classifications are displayed in three components below: a. Net investment in capital assets ‐ capital assets including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes, or other borrowings that are attributable to the acquisition, construction, or improvement of those assets. b. Restricted net position ‐ net position with constraints placed on their use either by (1) external groups such as creditors or laws or regulations of other governments; or (2) law through constitutional provisions or enabling legislation. c. Unrestricted net position ‐ all other assets that do not meet the definition of net investment in capital assets or restricted net position. It is the Agency’s policy to first apply restricted resources when an expense is incurred for purposes for which both restricted and unrestricted net position is available. 3. Financial Assistance Program The Agency provided grants to small businesses and not‐for‐profit corporations for the purpose of acquiring personal protective equipment (PPE) and/or installing fixtures necessary to prevent the spread of COVID‐19 in accordance with New York State General Municipal Law (GML) enacted in June 2020. The grants cannot exceed $10,000 and must meet eligibility criteria as described in GML. The total amount of grants disbursed was $70,759 and $196,287 for the year ended December 31, 2021 and 2020, respectively. 4. Tax Abatement Programs The Industrial Development Agency Act (the "Act") of New York State sets forth the powers that the Agency can carry out. In accordance with the Act, the Agency was created to stimulate economic development, growth, and general prosperity for the people of Onondaga County by using incentives, rights, and powers in an efficient and cooperative manner. Qualified Agency projects are eligible for sales, mortgage, and real property tax exemptions. The Agency many also assist a projects' financing by issuing taxable and tax exempt bonds and by providing information on complementary financing such as fixed asset and working capital lending programs. The Agency provided grants to small businesses and not‐for‐profit corporations for the purpose of acquiring personal protective equipment (PPE) and/or installing fixtures necessary to prevent the spread of COVID‐19 in accordance with New York State General Municipal Law (GML) enacted in June 2020. The grants cannot exceed $10,000 and must meet eligibility criteria as described in GML. The total amount of grants disbursed was $70,759 and $196,287 for the year ended December 31, 2021 and 2020, respectively. 4. Tax Abatement Programs The Industrial Development Agency Act (the "Act") of New York State sets forth the powers that the Agency can carry out. In accordance with the Act, the Agency was created to stimulate economic development, growth, and general prosperity for the people of Onondaga County by using incentives, rights, and powers in an efficient and cooperative manner. Qualified Agency projects are eligible for sales, mortgage, and real property tax exemptions. The Agency many also assist a projects' financing by issuing taxable and tax exempt bonds and by providing information on complementary financing such as fixed asset and working capital lending programs. The Agency has instituted a Uniform Tax Exemption Policy ("UTEP") (last revised 9/15/20) which provides guidelines for the granting of real property, mortgage recording, and sales and use tax exemptions. To be eligible for financial assistance, the recipient of the financial assistance must abide by the requirements of this policy and complete an application process as instituted by the Agency. ‐ 15 ‐ Page 52 The Agency has instituted a Uniform Tax Exemption Policy ("UTEP") (last revised 9/15/20) which provides guidelines for the granting of real property, mortgage recording, and sales and use tax exemptions. To be eligible for financial assistance, the recipient of the financial assistance must abide by the requirements of this policy and complete an application process as instituted by the Agency. ‐ 15 ‐ Page 52 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 4. Tax Abatement Programs (continued) In accordance with New York State General Municipal Law, the Agency has instituted a Recapture Policy (last revised 6/20/16) which allows for the recapture of financial incentive assistance provided to recipients for failure to comply with such Recapture Policy. New York State requires a mandatory recapture of the New York State portion of sales and use taxes for recipients for which the recipient was a) not entitled to; b) in excess of the amounts authorized by the Agency; c) for property or services not authorized by the Agency; and/or d) for a recipient that has failed to comply with material term or condition to use of the property or services in the manner required by any of the project documents between the recipient and the Agency. With respect to all other financial assistance provided to the recipient, the Agency shall have the right to suspend, discontinue, recapture or terminate financial assistance to any recipient to the extent that: a)for projects that utilized local sales and use tax exemptions, the project was not entitled to such exemptions, such exemptions were in excess of the amounts authorized by the Agency, and/or such exemptions were for property or services not authorized by the Agency; b) the recipient, upon completion of their project, fails to reach and maintain at least 75% of its employment requirements for job creation and/or retention; c) the total investment actually made with respect to the project at the project's completion date is less than 75% of its investment requirement; d) the recipient fails to provide annually to the Agency certain information to confirm that the project is achieving the investment, job retention, job creation, and other objectives of the project; or e) there otherwise occurs any event of default under any project document or material violation of the terms and conditions of any project document. ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 4. Tax Abatement Programs (continued) In accordance with New York State General Municipal Law, the Agency has instituted a Recapture Policy (last revised 6/20/16) which allows for the recapture of financial incentive assistance provided to recipients for failure to comply with such Recapture Policy. New York State requires a mandatory recapture of the New York State portion of sales and use taxes for recipients for which the recipient was a) not entitled to; b) in excess of the amounts authorized by the Agency; c) for property or services not authorized by the Agency; and/or d) for a recipient that has failed to comply with material term or condition to use of the property or services in the manner required by any of the project documents between the recipient and the Agency. With respect to all other financial assistance provided to the recipient, the Agency shall have the right to suspend, discontinue, recapture or terminate financial assistance to any recipient to the extent that: a)for projects that utilized local sales and use tax exemptions, the project was not entitled to such exemptions, such exemptions were in excess of the amounts authorized by the Agency, and/or such exemptions were for property or services not authorized by the Agency; b) the recipient, upon completion of their project, fails to reach and maintain at least 75% of its employment requirements for job creation and/or retention; c) the total investment actually made with respect to the project at the project's completion date is less than 75% of its investment requirement; d) the recipient fails to provide annually to the Agency certain information to confirm that the project is achieving the investment, job retention, job creation, and other objectives of the project; or e) there otherwise occurs any event of default under any project document or material violation of the terms and conditions of any project document. The Agency has not made any commitments as part of the agreements other than to reduce taxes. The Agency has chosen to disclose information about its tax abatement agreements individually. The Agency has listed all of its projects that were approved for the periods ended December 31, 2021 and 2020: December 31, 2021 Abatement Project Mortgage Sales PILOT Total Camillus Mills Redevelopment Co., Inc. & Camillus Mills Phase II, LLC $ 84,750 $ 349,800 $ ‐ $ 434,550 UR‐Ban Villages PFA, LLC 116,587 1,163,592 1,088,875 2,369,054 Taft Solar, LLC & SLH II LLC ‐ 37,128 183,116 220,244 NYCANNA LLC ‐ 800,000 ‐ 800,000 RPNY Solar 5 LLC 12,200 55,340 156,652 224,192 SSC Cicero LLC ‐ ‐ 33,049 33,049 Stewart Hancock Partners LLC & Dunn Tire LLC 37,425 250,000 284,900 572,325 Ultra Dairy LLC ‐ 180,000 253,677 433,677 Ranalli Super DC LLC 225,000 1,920,000 3,859,115 6,004,115 C2 NY Sentinel Heights Solar LLC ‐ 306,250 1,243,328 1,549,578 Brolex Plank Road LLC 38,250 204,400 ‐ 242,650 DL Manufacturing, Inc. & Metz Properties LLC 13,125 76,000 363,531 452,656 Treyjay LOSO LLC 353,700 2,500,000 ‐ 2,853,700 OYA Camillus A LLC ‐ 295,810 611,799 907,609 OYA Camillus B LLC ‐ 300,673 625,963 926,636 Milton Real Properties of Massachusetts LLC & Southworth‐ Milton, Inc. d/b/a Milton CAT ‐ 1,040,000 ‐ 1,040,000 $ 881,037 $ 9,478,993 $ 8,704,005 $ 19,064,035 The Agency has not made any commitments as part of the agreements other than to reduce taxes. The Agency has chosen to disclose information about its tax abatement agreements individually. The Agency has listed all of its projects that were approved for the periods ended December 31, 2021 and 2020: December 31, 2021 Abatement Project Mortgage Sales PILOT Total Camillus Mills Redevelopment Co., Inc. & Camillus Mills Phase II, LLC $ 84,750 $ 349,800 $ ‐ $ 434,550 UR‐Ban Villages PFA, LLC 116,587 1,163,592 1,088,875 2,369,054 Taft Solar, LLC & SLH II LLC ‐ 37,128 183,116 220,244 NYCANNA LLC ‐ 800,000 ‐ 800,000 RPNY Solar 5 LLC 12,200 55,340 156,652 224,192 SSC Cicero LLC ‐ ‐ 33,049 33,049 Stewart Hancock Partners LLC & Dunn Tire LLC 37,425 250,000 284,900 572,325 Ultra Dairy LLC ‐ 180,000 253,677 433,677 Ranalli Super DC LLC 225,000 1,920,000 3,859,115 6,004,115 C2 NY Sentinel Heights Solar LLC ‐ 306,250 1,243,328 1,549,578 Brolex Plank Road LLC 38,250 204,400 ‐ 242,650 DL Manufacturing, Inc. & Metz Properties LLC 13,125 76,000 363,531 452,656 Treyjay LOSO LLC 353,700 2,500,000 ‐ 2,853,700 OYA Camillus A LLC ‐ 295,810 611,799 907,609 OYA Camillus B LLC ‐ 300,673 625,963 926,636 Milton Real Properties of Massachusetts LLC & Southworth‐ Milton, Inc. d/b/a Milton CAT ‐ 1,040,000 ‐ 1,040,000 $ 881,037 $ 9,478,993 $ 8,704,005 $ 19,064,035 ‐ 16 ‐ Page 53 ‐ 16 ‐ Page 53 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 4. Tax Abatement Programs (continued) December 31, 2020 Abatement Project Mortgage Sales PILOT Total 629 LeMoyne Manor LLC $ 90,000 $ 438,240 $ 1,052,604 $ 1,580,844 Abundant Solar Power 34,498 345,576 96,249 476,323 Cicero Energy Storage I LLC 68,618 768,000 211,569 1,048,187 Cicero Energy Storage II LLC 68,938 768,000 64,074 901,012 Empire Polymer Holdings LLC & Empire Polymer Solutions LLC 42,264 570,817 1,829,919 2,443,000 Milton CAT 187,000 1,040,000 ‐ 1,227,000 OYA Church Road A LLC ‐ 361,800 1,299,751 1,661,551 SSC Lysander LLC ‐ ‐ 905,855 905,855 Taft Solar LLC ‐ 169,920 835,265 1,005,185 Tessy Plastic 2020 Elbridge Expansion ‐ 323,600 802,663 1,126,263 Tracey Road Equipment Inc. 29,250 160,000 124,912 314,162 Ultra Dairy LLC ‐ 400,000 224,336 624,336 $ 520,568 $ 5,345,953 $ 7,447,197 $ 13,313,718 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 4. Tax Abatement Programs (continued) December 31, 2020 Abatement Project Mortgage Sales PILOT Total 629 LeMoyne Manor LLC $ 90,000 $ 438,240 $ 1,052,604 $ 1,580,844 Abundant Solar Power 34,498 345,576 96,249 476,323 Cicero Energy Storage I LLC 68,618 768,000 211,569 1,048,187 Cicero Energy Storage II LLC 68,938 768,000 64,074 901,012 Empire Polymer Holdings LLC & Empire Polymer Solutions LLC 42,264 570,817 1,829,919 2,443,000 Milton CAT 187,000 1,040,000 ‐ 1,227,000 OYA Church Road A LLC ‐ 361,800 1,299,751 1,661,551 SSC Lysander LLC ‐ ‐ 905,855 905,855 Taft Solar LLC ‐ 169,920 835,265 1,005,185 Tessy Plastic 2020 Elbridge Expansion ‐ 323,600 802,663 1,126,263 Tracey Road Equipment Inc. 29,250 160,000 124,912 314,162 Ultra Dairy LLC ‐ 400,000 224,336 624,336 $ 520,568 $ 5,345,953 $ 7,447,197 $ 13,313,718 5. Deposits with Financial Institutions and Investments The Agency follows an investment and deposit policy, the overall objective of which is to adequately safeguard the principal amount of funds invested or deposited; conform with federal, state and other legal requirements; and provide sufficient liquidity of invested funds in order to meet obligations as they become due. Oversight of investment activity is the responsibility of the Executive Director. Monies must be deposited in Federal Deposit Insurance Corporation (FDIC) insured commercial banks or trust companies located within and authorized to do business in New York State (the State). Collateral is required for deposits and certificates of deposit not covered by FDIC insurance. Obligations that may be pledged as collateral are those identified in New York State General Municipal Law, Section 10 and outlined in the New York State Comptroller’s Financial Management Guide. Interest Rate Risk Interest rate risk is the risk that the fair value of investments will be affected by changing interest rates. The Agency has an investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates.) ‐ 17 ‐ Page 54 5. Deposits with Financial Institutions and Investments The Agency follows an investment and deposit policy, the overall objective of which is to adequately safeguard the principal amount of funds invested or deposited; conform with federal, state and other legal requirements; and provide sufficient liquidity of invested funds in order to meet obligations as they become due. Oversight of investment activity is the responsibility of the Executive Director. Monies must be deposited in Federal Deposit Insurance Corporation (FDIC) insured commercial banks or trust companies located within and authorized to do business in New York State (the State). Collateral is required for deposits and certificates of deposit not covered by FDIC insurance. Obligations that may be pledged as collateral are those identified in New York State General Municipal Law, Section 10 and outlined in the New York State Comptroller’s Financial Management Guide. Interest Rate Risk Interest rate risk is the risk that the fair value of investments will be affected by changing interest rates. The Agency has an investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates.) ‐ 17 ‐ Page 54 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 5. Deposits with Financial Institutions and Investments Credit Risk The Agency’s policy is to minimize the risk of loss due to failure of an issuer or other counterparty to an investment to fulfill its obligations. The Agency’s investments and deposit policy authorizes the Agency to purchase the following types of investments:  Obligations of the United States of America;  Obligations where payment of principal and interest are guaranteed by the United States of America;  Obligations of New York State;  Special time deposit account; and  Certificates of deposit. Custodial Credit Risk Custodial credit risk is the risk that, in the event of a failure of a depository financial institution, the reporting entity may not recover its deposits. In accordance with the Agency’s investment and deposit policy, all deposits of the Agency including certificates of deposit and special time deposits, in excess of the amount insured under the provisions of the Federal Deposit Insurance Act (FDIA) shall be secured by a pledge of securities with an aggregate value equal to the aggregate amount of deposits. ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 5. Deposits with Financial Institutions and Investments Credit Risk The Agency’s policy is to minimize the risk of loss due to failure of an issuer or other counterparty to an investment to fulfill its obligations. The Agency’s investments and deposit policy authorizes the Agency to purchase the following types of investments:  Obligations of the United States of America;  Obligations where payment of principal and interest are guaranteed by the United States of America;  Obligations of New York State;  Special time deposit account; and  Certificates of deposit. Custodial Credit Risk Custodial credit risk is the risk that, in the event of a failure of a depository financial institution, the reporting entity may not recover its deposits. In accordance with the Agency’s investment and deposit policy, all deposits of the Agency including certificates of deposit and special time deposits, in excess of the amount insured under the provisions of the Federal Deposit Insurance Act (FDIA) shall be secured by a pledge of securities with an aggregate value equal to the aggregate amount of deposits. The Agency restricts the securities to the following eligible items: Obligations issued, or fully insured or guaranteed as to the payment of principal and interest, by the United States of America, an agency thereof or a United States government sponsored corporation;  Obligations partially insured or guaranteed by an agency of the United States of America;  Obligations issued or fully insured or guaranteed by the State of New York;  Obligations issued by a municipal corporation, school district or district corporation of New York State;  Obligations issued by states (other than New York State) of the United States of America rated in one of the two highest rating categories by at least one Nationally Recognized Statistical Rating Organization (NRSRO). The Agency maintained cash balances of $2,975,229 and $5,069,972 in cash and cash equivalents at December 31, 2021 and 2020, respectively, with financial institutions insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per bank for interest bearing and non‐interest bearing accounts. The remaining balance was collateralized by a third party in accordance with New York State General Municipal Law, Section 10 and the Agency’s policies. ‐ 18 ‐ Page 55 The Agency restricts the securities to the following eligible items: Obligations issued, or fully insured or guaranteed as to the payment of principal and interest, by the United States of America, an agency thereof or a United States government sponsored corporation;  Obligations partially insured or guaranteed by an agency of the United States of America;  Obligations issued or fully insured or guaranteed by the State of New York;  Obligations issued by a municipal corporation, school district or district corporation of New York State;  Obligations issued by states (other than New York State) of the United States of America rated in one of the two highest rating categories by at least one Nationally Recognized Statistical Rating Organization (NRSRO). The Agency maintained cash balances of $2,975,229 and $5,069,972 in cash and cash equivalents at December 31, 2021 and 2020, respectively, with financial institutions insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per bank for interest bearing and non‐interest bearing accounts. The remaining balance was collateralized by a third party in accordance with New York State General Municipal Law, Section 10 and the Agency’s policies. ‐ 18 ‐ Page 55 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 6. Capital Assets Capital asset activity for the year ended December 31, 2021 was as follows: Beginning Ending Balance Increases Decreases Balance Non depreciable land: White Pine Commerce Park $ 3,327,146 $ ‐ $ ‐ $ 3,327,146 435 North Salina 17,084 ‐ ‐ 17,084 800 Hiawatha 604,840 ‐ ‐ 604,840 Subtotal 3,949,070 ‐ ‐ 3,949,070 Depreciable: Buildings 634,422 ‐ ‐ 634,422 Furniture and Fixtures 2,862 3,156 ‐ 6,018 Subtotal 637,284 3,156 ‐ 640,440 Total capital assets 4,586,354 3,156 ‐ 4,589,510 Accumulated depreciation: Buildings 81,336 16,267 ‐ 97,603 Furniture and Fixtures 2,862 631 ‐ 3,493 Total 84,198 16,898 ‐ 101,096 Net capital assets $ 4,502,156 $ (13,742) $ ‐ $ 4,488,414 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 6. Capital Assets Capital asset activity for the year ended December 31, 2021 was as follows: Beginning Ending Balance Increases Decreases Balance Non depreciable land: White Pine Commerce Park $ 3,327,146 $ ‐ $ ‐ $ 3,327,146 435 North Salina 17,084 ‐ ‐ 17,084 800 Hiawatha 604,840 ‐ ‐ 604,840 Subtotal 3,949,070 ‐ ‐ 3,949,070 Depreciable: Buildings 634,422 ‐ ‐ 634,422 Furniture and Fixtures 2,862 3,156 ‐ 6,018 Subtotal 637,284 3,156 ‐ 640,440 Total capital assets 4,586,354 3,156 ‐ 4,589,510 Accumulated depreciation: Buildings 81,336 16,267 ‐ 97,603 Furniture and Fixtures 2,862 631 ‐ 3,493 Total 84,198 16,898 ‐ 101,096 Net capital assets $ 4,502,156 $ (13,742) $ ‐ $ 4,488,414 Capital asset activity for the year ended December 31, 2020 was as follows: Beginning Ending Balance Increases Decreases Balance Non depreciable land: White Pine Commerce Park $ 3,327,146 $ ‐ $ ‐ $ 3,327,146 435 North Salina 17,084 ‐ ‐ 17,084 800 Hiawatha 604,840 ‐ ‐ 604,840 Subtotal 3,949,070 ‐ ‐ 3,949,070 Depreciable: Buildings 634,422 ‐ ‐ 634,422 Furniture and Fixtures 2,862 ‐ ‐ 2,862 Subtotal 637,284 ‐ ‐ 637,284 Total capital assets 4,586,354 ‐ ‐ 4,586,354 Accumulated depreciation: Buildings 65,068 16,268 ‐ 81,336 Furniture and Fixtures 2,862 ‐ ‐ 2,862 Total 67,930 16,268 ‐ 84,198 Net capital assets $ 4,518,424 $ (16,268) $ ‐ $ 4,502,156 Capital asset activity for the year ended December 31, 2020 was as follows: Beginning Ending Balance Increases Decreases Balance Non depreciable land: White Pine Commerce Park $ 3,327,146 $ ‐ $ ‐ $ 3,327,146 435 North Salina 17,084 ‐ ‐ 17,084 800 Hiawatha 604,840 ‐ ‐ 604,840 Subtotal 3,949,070 ‐ ‐ 3,949,070 Depreciable: Buildings 634,422 ‐ ‐ 634,422 Furniture and Fixtures 2,862 ‐ ‐ 2,862 Subtotal 637,284 ‐ ‐ 637,284 Total capital assets 4,586,354 ‐ ‐ 4,586,354 Accumulated depreciation: Buildings 65,068 16,268 ‐ 81,336 Furniture and Fixtures 2,862 ‐ ‐ 2,862 Total 67,930 16,268 ‐ 84,198 Net capital assets $ 4,518,424 $ (16,268) $ ‐ $ 4,502,156 ‐ 19 ‐ Page 56 ‐ 19 ‐ Page 56 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 6. Capital Assets (continued) The Agency owns the White Pine Commerce Park, which is a business park located in the Town of Clay, northern Onondaga County. The Agency is developing the business park to be a build‐ready site suitable for an array of local and global market sectors. Costs incurred of $797,838 during 2020 were expensed as incurred in accordance with GASB No. 62. Land acquisition related to the White Pine Commerce Park during 2021 is included in investment in real property, including incidental costs incurred. 7. Agency‐Induced Financings The total amount of industrial development, civic facility and pollution control financing issued through the Agency outstanding as of December 31, 2021 amounted to approximately $91,059,342. These financing obligations are not obligations of the Agency as the Agency acts a conduit for the obligations. The Agency does not have the obligation to repay the principal and interest of such obligations, as such, the obligations are not reflected as long‐term obligations of the Agency. 8. Due to Onondaga County ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 6. Capital Assets (continued) The Agency owns the White Pine Commerce Park, which is a business park located in the Town of Clay, northern Onondaga County. The Agency is developing the business park to be a build‐ready site suitable for an array of local and global market sectors. Costs incurred of $797,838 during 2020 were expensed as incurred in accordance with GASB No. 62. Land acquisition related to the White Pine Commerce Park during 2021 is included in investment in real property, including incidental costs incurred. 7. Agency‐Induced Financings The total amount of industrial development, civic facility and pollution control financing issued through the Agency outstanding as of December 31, 2021 amounted to approximately $91,059,342. These financing obligations are not obligations of the Agency as the Agency acts a conduit for the obligations. The Agency does not have the obligation to repay the principal and interest of such obligations, as such, the obligations are not reflected as long‐term obligations of the Agency. 8. Due to Onondaga County The Agency will reimburse the County for a portion of the cost of operation of the Onondaga County Office of Economic Development. In exchange for this funding, the staff of the office provides operational and project implementation support services for the Agency. Maximum funds committed by the Agency were $413,546 for the year ended December 31, 2020. There were no funds committed by the Agency for the year ended December 31, 2021. There were no outstanding support service expenses due at December 31, 2021 and 2020. 9. Property Leases and Bonds Payable In accordance with its corporate purpose, the Agency has issued bonds to promote and develop various businesses within the County. The Agency holds legal title to the properties, under which such bonds were issued in order for business to acquire or renovate various facilities. The Agency’s primary function is to arrange financing between borrowing companies and bondholders (conduit debt). For providing this service, the Agency receives administration fees from the borrowing companies. Total bonds outstanding were $91,059,342 and $92,877,101 at December 31, 2021 and 2020, respectively, which represent non‐recourse debt of the Agency. The Agency does not have the obligation to repay the principal and interest of such obligations, as such, the obligations are not reflected as long‐term obligations of the Agency. The Agency will reimburse the County for a portion of the cost of operation of the Onondaga County Office of Economic Development. In exchange for this funding, the staff of the office provides operational and project implementation support services for the Agency. Maximum funds committed by the Agency were $413,546 for the year ended December 31, 2020. There were no funds committed by the Agency for the year ended December 31, 2021. There were no outstanding support service expenses due at December 31, 2021 and 2020. 9. Property Leases and Bonds Payable In accordance with its corporate purpose, the Agency has issued bonds to promote and develop various businesses within the County. The Agency holds legal title to the properties, under which such bonds were issued in order for business to acquire or renovate various facilities. The Agency’s primary function is to arrange financing between borrowing companies and bondholders (conduit debt). For providing this service, the Agency receives administration fees from the borrowing companies. Total bonds outstanding were $91,059,342 and $92,877,101 at December 31, 2021 and 2020, respectively, which represent non‐recourse debt of the Agency. The Agency does not have the obligation to repay the principal and interest of such obligations, as such, the obligations are not reflected as long‐term obligations of the Agency. 10. Payments in Lieu of Taxes Agreements (PILOT) The Agency has entered into PILOT agreements with various companies whereas the company will make annual payments in lieu of taxes to the Agency and the Agency will remit the annual payments to the appropriate tax jurisdictions. The Agency records a liability for any amounts paid by companies to the Agency but not distributed to the tax jurisdictions as of yearend. A total of $9,483,434 and $10,281,041 of PILOT payments passed through the Agency for the years ended 2021 and 2020, respectively. Total due to other governments was $32,765 and $108,840, respectively, at December 31, 2021 and 2020. ‐ 20 ‐ Page 57 10. Payments in Lieu of Taxes Agreements (PILOT) The Agency has entered into PILOT agreements with various companies whereas the company will make annual payments in lieu of taxes to the Agency and the Agency will remit the annual payments to the appropriate tax jurisdictions. The Agency records a liability for any amounts paid by companies to the Agency but not distributed to the tax jurisdictions as of yearend. A total of $9,483,434 and $10,281,041 of PILOT payments passed through the Agency for the years ended 2021 and 2020, respectively. Total due to other governments was $32,765 and $108,840, respectively, at December 31, 2021 and 2020. ‐ 20 ‐ Page 57 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 11. Operating Lease On February 1, 2016, the Agency entered into a lease agreement with Onondaga Community College (OCC) which allowed OCC to lease building space for educational purposes. In lieu of a monthly rental fee, OCC agreed to perform improvements to the space that became the property of the Agency upon installation and will not revert back to OCC upon lease termination on January 31, 2021. The initial terms of the lease agreement were amended and the new terms commenced on July 1, 2016. The lease agreement now provides for guaranteed rent of $9,000 per year through the new lease termination on January 31, 2026. 12. Note Payable to Onondaga County ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Notes to Financial Statements 11. Operating Lease On February 1, 2016, the Agency entered into a lease agreement with Onondaga Community College (OCC) which allowed OCC to lease building space for educational purposes. In lieu of a monthly rental fee, OCC agreed to perform improvements to the space that became the property of the Agency upon installation and will not revert back to OCC upon lease termination on January 31, 2021. The initial terms of the lease agreement were amended and the new terms commenced on July 1, 2016. The lease agreement now provides for guaranteed rent of $9,000 per year through the new lease termination on January 31, 2026. 12. Note Payable to Onondaga County On October 7, 2021 the Agency entered into an Optional Advance Limited Recourse Demand Promissory Grid Note (the Note) with Onondaga County (the County). The County made available $20,000,000 to assist the Agency in funding its program incentives, projects, asset development, and work related improvements. The Note bears interest at an annual rate of the greater of 0.91% per annum or the applicable federal rate, capitalized on an annual basis. The unpaid principal balance and accrued interest is payable in full on demand, which is to be a minimum of five years from the commencement of the Note, absent the occurrence and continuance of an event of default. Prepayments must be made in the amount of excess application fees generated and received by the Agency, and are to be applied first to any unpaid interest. The Agency received advances of $1,745,780 and incurred $2,129 of interest during 2021. The annual mid‐ term applicable federal rate for December 2021 was 1.90%. No excess application fees were received, therefore no payments were required. The entire principal received and interest incurred as of December 31, 2021 are recorded as non‐current liabilities on the statement of net position as the earliest demand date available to the County is October 2026. The remaining unused portion of the Note is $18,254,220 at December 31, 2021. 13. Concentration of Credit Risk On October 7, 2021 the Agency entered into an Optional Advance Limited Recourse Demand Promissory Grid Note (the Note) with Onondaga County (the County). The County made available $20,000,000 to assist the Agency in funding its program incentives, projects, asset development, and work related improvements. The Note bears interest at an annual rate of the greater of 0.91% per annum or the applicable federal rate, capitalized on an annual basis. The unpaid principal balance and accrued interest is payable in full on demand, which is to be a minimum of five years from the commencement of the Note, absent the occurrence and continuance of an event of default. Prepayments must be made in the amount of excess application fees generated and received by the Agency, and are to be applied first to any unpaid interest. The Agency received advances of $1,745,780 and incurred $2,129 of interest during 2021. The annual mid‐ term applicable federal rate for December 2021 was 1.90%. No excess application fees were received, therefore no payments were required. The entire principal received and interest incurred as of December 31, 2021 are recorded as non‐current liabilities on the statement of net position as the earliest demand date available to the County is October 2026. The remaining unused portion of the Note is $18,254,220 at December 31, 2021. 13. Concentration of Credit Risk Financial instruments that potentially subject the Agency to credit risk consist principally of receivables. 14. Subsequent Events In preparing the financial statements, management of the Agency has evaluated events and transactions for potential recognition or disclosure through March 8, 2022, the date the financial statements were available to be issued. The Agency received an additional $2,265,381 in promissory note advances from Onondaga County and acquired an additional $3,830,574 of investments in real property, including ancillary costs. There were no additional events or transactions that were discovered during the evaluation that required further disclosure. ‐ 21 ‐ Page 58 Financial instruments that potentially subject the Agency to credit risk consist principally of receivables. 14. Subsequent Events In preparing the financial statements, management of the Agency has evaluated events and transactions for potential recognition or disclosure through March 8, 2022, the date the financial statements were available to be issued. The Agency received an additional $2,265,381 in promissory note advances from Onondaga County and acquired an additional $3,830,574 of investments in real property, including ancillary costs. There were no additional events or transactions that were discovered during the evaluation that required further disclosure. ‐ 21 ‐ Page 58 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Supplemental Schedule of Revenue Bonds and Other Bonds (Conduit Debt Obligations) For the Year Ended December 31, 2021 Bonds Current Bonds Outstanding at Project Interest at Interest Outstanding at Incurred Paid During December 31, Term Ending Number Description of Financing Closing Date issuance Rate January 1, 2021 During 2021 2021 2021 Date OCIDA Pollution Control Revenue Bonds 3101‐06‐10‐C (Anheuser‐Busch Project) 2006 Series B July 21, 2006 4.95% $ 2,200,000 $ ‐ $ ‐ $ 2,200,000 7/1/2036 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Supplemental Schedule of Revenue Bonds and Other Bonds (Conduit Debt Obligations) For the Year Ended December 31, 2021 Bonds Current Bonds Outstanding at Project Interest at Interest Outstanding at Incurred Paid During December 31, Term Ending Number Description of Financing Closing Date issuance Rate January 1, 2021 During 2021 2021 2021 Date OCIDA Pollution Control Revenue Bonds 3101‐06‐10‐C (Anheuser‐Busch Project) 2006 Series B July 21, 2006 4.95% $ 2,200,000 $ ‐ $ ‐ $ 2,200,000 7/1/2036 OCIDA Sewage Facilities Revenue Bonds (Bristol‐ 3101‐94‐01A Myers Squibb Company Project) Series 1994 March 29, 1994 5.75% 35,000,000 ‐ ‐ 35,000,000 3/1/2024 OCIDA Civic Facility Revenue Bonds (Discovery Center of Science and Technology Project) Series 3101‐95‐01A 1995 July 1, 1995 4.00% 2,978,000 ‐ 479,500 2,498,500 7/1/2025 OCIDA Variable Rate Demand Industrial Development Revenue Bonds (G.A. Braun, Inc. 3101‐07‐16A Project) Series 2007 December 20, 2007 2.27% 2.01% 5,270,000 ‐ 280,000 4,990,000 6/1/2034 OCIDA Multi‐Modal Revenue Bonds (G.A. Braun, 3101‐15‐08B Inc. Project) Series 2015A December 15, 2015 2.03% 2.58% 2,847,000 ‐ ‐ 2,847,000 12/1/2041 OCIDA Multi‐Modal Revenue Bonds (G.A. Braun, 3101‐15‐08B Inc. Project) Series 2015B (Taxable) December 15, 2015 2.97% 3.74% 1,884,979 ‐ 301,166 1,583,813 12/1/2026 OCIDA Tax‐exempt Multi‐Modal Revenue Bonds (Syracuse Label Co., Inc. Project) Series 2015 3101‐15‐04A (reissued) November 16, 2016 1.92% 5,175,142 ‐ 387,093 4,788,049 12/1/2041 OCIDA Multi‐Modal Variable rate Civic Facility Revenue Bonds (YMCA of Greater Syracuse, Inc. 3101‐02‐08A Project) Series 2003A November 9, 2003 2,935,000 ‐ ‐ 2,935,000 11/1/2025 OCIDA Tax‐exempt Revenue Bonds (Old 3101‐17‐04B Thompson Road, LLC Project) Series 2017A/B December 1, 2017 2.87% 9,606,980 ‐ ‐ 9,606,980 12/1/2042 Subtotal $ 67,897,101 $ ‐ $ 1,447,759 $ 66,449,342 OCIDA Sewage Facilities Revenue Bonds (Bristol‐ 3101‐94‐01A Myers Squibb Company Project) Series 1994 March 29, 1994 5.75% 35,000,000 ‐ ‐ 35,000,000 3/1/2024 OCIDA Civic Facility Revenue Bonds (Discovery Center of Science and Technology Project) Series 3101‐95‐01A 1995 July 1, 1995 4.00% 2,978,000 ‐ 479,500 2,498,500 7/1/2025 OCIDA Variable Rate Demand Industrial Development Revenue Bonds (G.A. Braun, Inc. 3101‐07‐16A Project) Series 2007 December 20, 2007 2.27% 2.01% 5,270,000 ‐ 280,000 4,990,000 6/1/2034 OCIDA Multi‐Modal Revenue Bonds (G.A. Braun, 3101‐15‐08B Inc. Project) Series 2015A December 15, 2015 2.03% 2.58% 2,847,000 ‐ ‐ 2,847,000 12/1/2041 OCIDA Multi‐Modal Revenue Bonds (G.A. Braun, 3101‐15‐08B Inc. Project) Series 2015B (Taxable) December 15, 2015 2.97% 3.74% 1,884,979 ‐ 301,166 1,583,813 12/1/2026 OCIDA Tax‐exempt Multi‐Modal Revenue Bonds (Syracuse Label Co., Inc. Project) Series 2015 3101‐15‐04A (reissued) November 16, 2016 1.92% 5,175,142 ‐ 387,093 4,788,049 12/1/2041 OCIDA Multi‐Modal Variable rate Civic Facility Revenue Bonds (YMCA of Greater Syracuse, Inc. 3101‐02‐08A Project) Series 2003A November 9, 2003 2,935,000 ‐ ‐ 2,935,000 11/1/2025 OCIDA Tax‐exempt Revenue Bonds (Old 3101‐17‐04B Thompson Road, LLC Project) Series 2017A/B December 1, 2017 2.87% 9,606,980 ‐ ‐ 9,606,980 12/1/2042 Subtotal $ 67,897,101 $ ‐ $ 1,447,759 $ 66,449,342 The accompanying notes are an integral part of these financial statements ‐ 22 ‐ Page 59 The accompanying notes are an integral part of these financial statements ‐ 22 ‐ Page 59 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Supplemental Schedule of Revenue Bonds and Other Bonds (Conduit Debt Obligations) For the Year Ended December 31, 2021 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY (A Discretely Presented Component Unit of the County of Onondaga, New York) Supplemental Schedule of Revenue Bonds and Other Bonds (Conduit Debt Obligations) For the Year Ended December 31, 2021 Bonds Current Bonds Outstanding at Project Interest at Interest Outstanding at Incurred Paid During December 31, Term Ending Number Description of Financing Closing Date issuance Rate January 1, 2021 During 2021 2021 2021 Date OCIDA Variable Rate Demand Industrial Development Revenue Bonds (ICM Controls Corp. 3101‐07‐05C Project) Series 2007 December 20, 2007 6.30% 2.10% 1,920,000 ‐ 1,920,000 12/1/2027 OCIDA Civic Facility Revenue Bonds (Manlius 3101‐04‐11A Library Project) Series 2005 April 28, 2005 4.00% 4.63% 810,000 ‐ 70,000 740,000 12/15/2029 OCIDA Civic Facility Revenue Bonds (Marcellus 3101‐07‐13A Free Library Project) Series 2007 June 29, 2007 4.00% 4.13% 1,115,000 ‐ 140,000 975,000 6/1/2027 OCIDA Civic Facility Revenue Bonds (Minoa Free 3101‐03‐07A Library Project) Series 2004A February 1, 2004 5.00% 5.38% 595,000 ‐ 30,000 565,000 2/1/2034 OCIDA Civic Facility Revenue Bonds (Onondaga 3101‐07‐21A Free Library Project) Series 2008 March 1, 2008 4.00% 5.13% 2,150,000 ‐ 80,000 2,070,000 3/1/2037 OCIDA Civic Facility Revenue Bonds (Salina Free 3101‐02‐01A Library Project) Series 2002A December 1, 2002 5.20% 5.68% 345,000 ‐ 50,000 295,000 12/1/2026 OCIDA Revenue Bonds (Syracuse Research 3101‐96‐11A Corporation Project) Series 1997 December 1, 1997 7.70% 1.76% 1,010,000 ‐ ‐ 1,010,000 12/1/2021 OCIDA Variable Rate Demand Civic Facility Revenue Bonds (Syracuse Research Corporation 3101‐05‐15B Project) Series 2005 December 14, 2005 7.70% 1.76% 8,950,000 ‐ 8,950,000 12/1/2031 OCIDA Variable Rate Demand Civic Facility Revenue Bonds (Syracuse Home Association 3101‐06‐11B Project) Series 2007 June 21, 2007 4.00% 4.00% 8,085,000 ‐ 8,085,000 6/30/2027 Subtotal $ 24,980,000 $ ‐ $ 370,000 $ 24,610,000 Carryforward subtotal ‐ previous page 67,897,101 ‐ 1,447,759 66,449,342 Grand Total $ 92,877,101 $ ‐ $ 1,817,759 $ 91,059,342 Bonds Current Bonds Outstanding at Project Interest at Interest Outstanding at Incurred Paid During December 31, Term Ending Number Description of Financing Closing Date issuance Rate January 1, 2021 During 2021 2021 2021 Date OCIDA Variable Rate Demand Industrial Development Revenue Bonds (ICM Controls Corp. 3101‐07‐05C Project) Series 2007 December 20, 2007 6.30% 2.10% 1,920,000 ‐ 1,920,000 12/1/2027 OCIDA Civic Facility Revenue Bonds (Manlius 3101‐04‐11A Library Project) Series 2005 April 28, 2005 4.00% 4.63% 810,000 ‐ 70,000 740,000 12/15/2029 OCIDA Civic Facility Revenue Bonds (Marcellus 3101‐07‐13A Free Library Project) Series 2007 June 29, 2007 4.00% 4.13% 1,115,000 ‐ 140,000 975,000 6/1/2027 OCIDA Civic Facility Revenue Bonds (Minoa Free 3101‐03‐07A Library Project) Series 2004A February 1, 2004 5.00% 5.38% 595,000 ‐ 30,000 565,000 2/1/2034 OCIDA Civic Facility Revenue Bonds (Onondaga 3101‐07‐21A Free Library Project) Series 2008 March 1, 2008 4.00% 5.13% 2,150,000 ‐ 80,000 2,070,000 3/1/2037 OCIDA Civic Facility Revenue Bonds (Salina Free 3101‐02‐01A Library Project) Series 2002A December 1, 2002 5.20% 5.68% 345,000 ‐ 50,000 295,000 12/1/2026 OCIDA Revenue Bonds (Syracuse Research 3101‐96‐11A Corporation Project) Series 1997 December 1, 1997 7.70% 1.76% 1,010,000 ‐ ‐ 1,010,000 12/1/2021 OCIDA Variable Rate Demand Civic Facility Revenue Bonds (Syracuse Research Corporation 3101‐05‐15B Project) Series 2005 December 14, 2005 7.70% 1.76% 8,950,000 ‐ 8,950,000 12/1/2031 OCIDA Variable Rate Demand Civic Facility Revenue Bonds (Syracuse Home Association 3101‐06‐11B Project) Series 2007 June 21, 2007 4.00% 4.00% 8,085,000 ‐ 8,085,000 6/30/2027 Subtotal $ 24,980,000 $ ‐ $ 370,000 $ 24,610,000 Carryforward subtotal ‐ previous page 67,897,101 ‐ 1,447,759 66,449,342 Grand Total $ 92,877,101 $ ‐ $ 1,817,759 $ 91,059,342 The accompanying notes are an integral part of these financial statements ‐ 23 ‐ Page 60 The accompanying notes are an integral part of these financial statements ‐ 23 ‐ Page 60 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY POSITIVE ASSURANCE REPORT OVER INVESTMENT PRACTICES December 31, 2021 Page 61 INDEPENDENT ACCOUNTANT’S REPORT To the Board of Directors Onondaga County Industrial Development Agency Syracuse, New York We have examined management's assertion, herein, that the Onondaga County Industrial Development Agency’s (the Agency) compliance with the New York State Public Authorities Law section 2925 applicable to the Agency’s adoption of comprehensive investment guidelines for the year ended December 31, 2021. Management is responsible for the Agency’s assertion. Our responsibility is to express an opinion on management's assertion about the Agency’s compliance with the specified requirements based on our examination. POSITIVE ASSURANCE REPORT OVER INVESTMENT PRACTICES December 31, 2021 Page 61 INDEPENDENT ACCOUNTANT’S REPORT To the Board of Directors Onondaga County Industrial Development Agency Syracuse, New York We have examined management's assertion, herein, that the Onondaga County Industrial Development Agency’s (the Agency) compliance with the New York State Public Authorities Law section 2925 applicable to the Agency’s adoption of comprehensive investment guidelines for the year ended December 31, 2021. Management is responsible for the Agency’s assertion. Our responsibility is to express an opinion on management's assertion about the Agency’s compliance with the specified requirements based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and the standards applicable to attestation engagements contained in Government Auditing Standards issued by the Comptroller General of the United States. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management's assertion about compliance with the specified requirements is fairly stated, in all material respects. An examination involves performing procedures to obtain evidence about the Agency's compliance with the New York State Public Authorities Law section 2925 applicable to the Agency's adoption of comprehensive investment guidelines. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of risks of material misstatement of management's assertion, whether due to fraud or error. In making an assessment of the risks of material misstatement, the practitioner considered and obtained an understanding of internal control relevant to the subject matter in order to design procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of internal control. Accordingly, no such opinion is expressed. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and the standards applicable to attestation engagements contained in Government Auditing Standards issued by the Comptroller General of the United States. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management's assertion about compliance with the specified requirements is fairly stated, in all material respects. An examination involves performing procedures to obtain evidence about the Agency's compliance with the New York State Public Authorities Law section 2925 applicable to the Agency's adoption of comprehensive investment guidelines. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of risks of material misstatement of management's assertion, whether due to fraud or error. In making an assessment of the risks of material misstatement, the practitioner considered and obtained an understanding of internal control relevant to the subject matter in order to design procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of internal control. Accordingly, no such opinion is expressed. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements related to the engagement. Our examination does not provide a legal determination on the Corporation's compliance with the specified requirements. In our opinion, the Agency complied, in all material respects, with the aforementioned requirements for the year ended December 31, 2021. This report is intended solely for the information and use of management, the audit committee and Board of Directors, others within the Agency, and for compliance with the New York State Public Authorities Law and is not intended to be and should not be used by anyone other than these specified parties. Syracuse, New York March 8, 2022 Page 62 We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements related to the engagement. Our examination does not provide a legal determination on the Corporation's compliance with the specified requirements. In our opinion, the Agency complied, in all material respects, with the aforementioned requirements for the year ended December 31, 2021. This report is intended solely for the information and use of management, the audit committee and Board of Directors, others within the Agency, and for compliance with the New York State Public Authorities Law and is not intended to be and should not be used by anyone other than these specified parties. Syracuse, New York March 8, 2022 Page 62 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY POSITIVE ASSURANCE REPORT I) Designation of Depositories The Agency authorizes certain depository banks up to a maximum amount of $10,000,000. Management's Assertion: The Agency complied with the requirement as of December 31, 2021. II) Purchase of Investments  The Agency's purchase of investments policy requires that all purchased obligations shall be purchased through, delivered to and held in the custody of a bank or trust company. Any obligation held in the custody of a bank or trust company shall be held pursuant to a written custodial agreement as described in General Municipal Law (GML), §10. ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY POSITIVE ASSURANCE REPORT I) Designation of Depositories The Agency authorizes certain depository banks up to a maximum amount of $10,000,000. Management's Assertion: The Agency complied with the requirement as of December 31, 2021. II) Purchase of Investments  The Agency's purchase of investments policy requires that all purchased obligations shall be purchased through, delivered to and held in the custody of a bank or trust company. Any obligation held in the custody of a bank or trust company shall be held pursuant to a written custodial agreement as described in General Municipal Law (GML), §10.  The Agency's permitted investments include: (a) special time deposit accounts in an authorized banking depository or trust company secured in the same manner prescribed by General Municipal Law §10; (b) Certificates of Deposit; (c) obligations of the United States of America; (d) obligations guaranteed by agencies of the United States of America, where the payment of principal and interest is guaranteed by the United States of America; (e) obligations of the State of New York; (f) obligations issued pursuant to Local Finance Law §24 or §25 (RANs & TANs) of municipalities, school districts or district corporations; and (g) obligations of public benefit corporations, public housing authorities and urban renewal agencies. Management's Assertion: The Agency complied with the requirement as of December 31, 2021.  The Agency's permitted investments include: (a) special time deposit accounts in an authorized banking depository or trust company secured in the same manner prescribed by General Municipal Law §10; (b) Certificates of Deposit; (c) obligations of the United States of America; (d) obligations guaranteed by agencies of the United States of America, where the payment of principal and interest is guaranteed by the United States of America; (e) obligations of the State of New York; (f) obligations issued pursuant to Local Finance Law §24 or §25 (RANs & TANs) of municipalities, school districts or district corporations; and (g) obligations of public benefit corporations, public housing authorities and urban renewal agencies. Management's Assertion: The Agency complied with the requirement as of December 31, 2021. III) Collateralizing Deposits All deposits of the Agency in excess of the amount insured under the provisions of the Federal Deposit Insurance Act shall be secured by eligible collateral. Eligible collateral consists of any one, or combination, of the following: a. by a pledge of eligible securities with an aggregate market value as provided by GML §10, equal to the aggregate amount of deposits; b. by an eligible surety bond payable to the Agency for an amount at least equal to 100% of the aggregate amount of deposits and the agreed upon interest, if any, executed by an insurance company authorized to do business in New York State, whose claims‐paying ability is rated in the highest rating category by at least two nationally recognized statistical rating organizations. Management's Assertion: The Agency complied with the requirement as of December 31, 2021. IV) Diversification The Agency will diversify its deposits and investments by financial institution, by investment instrument, and by maturity scheduling. Management's Assertion: The Agency complied with the requirement as of December 31, 2021. Page 63 ‐2‐ III) Collateralizing Deposits All deposits of the Agency in excess of the amount insured under the provisions of the Federal Deposit Insurance Act shall be secured by eligible collateral. Eligible collateral consists of any one, or combination, of the following: a. by a pledge of eligible securities with an aggregate market value as provided by GML §10, equal to the aggregate amount of deposits; b. by an eligible surety bond payable to the Agency for an amount at least equal to 100% of the aggregate amount of deposits and the agreed upon interest, if any, executed by an insurance company authorized to do business in New York State, whose claims‐paying ability is rated in the highest rating category by at least two nationally recognized statistical rating organizations. Management's Assertion: The Agency complied with the requirement as of December 31, 2021. IV) Diversification The Agency will diversify its deposits and investments by financial institution, by investment instrument, and by maturity scheduling. Management's Assertion: The Agency complied with the requirement as of December 31, 2021. Page 63 ‐2‐ ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY POSITIVE ASSURANCE REPORT V) Standards for Qualifications of Investment Bankers, Brokers & Other Investment Advisors The Agency shall maintain a list of financial institutions and dealers approved for investment purposes and establish appropriate limits to the amount of investments, which can be made with each financial institution or dealer. Management's Assertion: The Agency complied with the requirement as of December 31, 2021. VI) Operations, Audit and Reporting The treasurer, assistant treasurer or other staff member shall provide a monthly investment review to the Agency, noting the inventory of existing investments, new investments and the selection of investment bankers, brokers, agents, dealers or auditors. Management's Assertion: The Agency complied with the requirement as of December 31, 2021. Page 64 ‐3‐ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS INDEPENDENT AUDITOR’S REPORT To the Board of Directors Onondaga County Industrial Development Agency Syracuse, New York ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY POSITIVE ASSURANCE REPORT V) Standards for Qualifications of Investment Bankers, Brokers & Other Investment Advisors The Agency shall maintain a list of financial institutions and dealers approved for investment purposes and establish appropriate limits to the amount of investments, which can be made with each financial institution or dealer. Management's Assertion: The Agency complied with the requirement as of December 31, 2021. VI) Operations, Audit and Reporting The treasurer, assistant treasurer or other staff member shall provide a monthly investment review to the Agency, noting the inventory of existing investments, new investments and the selection of investment bankers, brokers, agents, dealers or auditors. Management's Assertion: The Agency complied with the requirement as of December 31, 2021. Page 64 ‐3‐ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS INDEPENDENT AUDITOR’S REPORT To the Board of Directors Onondaga County Industrial Development Agency Syracuse, New York We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the business‐type activities of Onondaga County Industrial Development Agency as of and for the year ended December 31, 2021, and the related notes to the financial statements, which collectively comprise the Onondaga County Industrial Development Agency’s basic financial statements, and have issued our report thereon dated March 8, 2022. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the Onondaga County Industrial Development Agency’s internal control over financial reporting (internal control) as a basis for designing procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Onondaga County Industrial Development Agency’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Onondaga County Industrial Development Agency’s internal control. We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the business‐type activities of Onondaga County Industrial Development Agency as of and for the year ended December 31, 2021, and the related notes to the financial statements, which collectively comprise the Onondaga County Industrial Development Agency’s basic financial statements, and have issued our report thereon dated March 8, 2022. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the Onondaga County Industrial Development Agency’s internal control over financial reporting (internal control) as a basis for designing procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Onondaga County Industrial Development Agency’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Onondaga County Industrial Development Agency’s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Page 65 Compliance and Other Matters A deficiency in internal control exists when the design or operation of a control does not allow management or employees in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Page 65 Compliance and Other Matters As part of obtaining reasonable assurance about whether the Onondaga County Industrial Development Agency’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Syracuse, New York March 8, 2022 Page 66 From: Mark N. Levy Sent: Wednesday, February 9, 2022 9:52 AM To: Maria H. Holt ; Jennifer L. Gashi Subject: FW: Request for PILOT Assignment As part of obtaining reasonable assurance about whether the Onondaga County Industrial Development Agency’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Syracuse, New York March 8, 2022 Page 66 From: Mark N. Levy Sent: Wednesday, February 9, 2022 9:52 AM To: Maria H. Holt ; Jennifer L. Gashi Subject: FW: Request for PILOT Assignment From: Mark N. Levy Sent: Wednesday, February 9, 2022 9:52 AM To: 'nancylowery@ongov.net' Subject: Request for PILOT Assignment Hi Nancy: It was a pleasure speaking with you. To summarize our discussion – I would like to respectfully request the assignment of the PILOT agreement originally dated February 25, 2016 (see copy attached), which was assigned over to B&N Real Estate Holdings of CNY, LLC (see copy of current tax letter attached) about 3 years ago. Brian Aiello, the current owner, is looking to assign the PILOT to Crossroads Park 4616, LLC (my client) which is in the process of buying the facility. The building use and operations will remain the same. I am happy to provide any necessary information the board requires. As we are looking at a tight closing deadline for the transaction – hopefully over the next few weeks – I wanted to make sure, if a board action is required for the assignment, that we will still be able to close – I would like to avoid anything that would negatively affect the assignment. I sincerely appreciate all of your help and guidance in this matter. In addition, I would respectfully ask that this information be kept as confidential as possible for as long as reasonably possible. Warmest regards, Mark From: Mark N. Levy Sent: Wednesday, February 9, 2022 9:52 AM To: 'nancylowery@ongov.net' Subject: Request for PILOT Assignment Hi Nancy: It was a pleasure speaking with you. To summarize our discussion – I would like to respectfully request the assignment of the PILOT agreement originally dated February 25, 2016 (see copy attached), which was assigned over to B&N Real Estate Holdings of CNY, LLC (see copy of current tax letter attached) about 3 years ago. Brian Aiello, the current owner, is looking to assign the PILOT to Crossroads Park 4616, LLC (my client) which is in the process of buying the facility. The building use and operations will remain the same. I am happy to provide any necessary information the board requires. As we are looking at a tight closing deadline for the transaction – hopefully over the next few weeks – I wanted to make sure, if a board action is required for the assignment, that we will still be able to close – I would like to avoid anything that would negatively affect the assignment. I sincerely appreciate all of your help and guidance in this matter. In addition, I would respectfully ask that this information be kept as confidential as possible for as long as reasonably possible. Warmest regards, Mark MARK N. LEVY PHONE: (315) 471-8111 DIRECT PHONE: (315) 477-6267 DIRECT FAX: (315) 425-3667 E-MAIL: mlevy@scolaro.com WEBSITE: www.scolaro.com MARK N. LEVY PHONE: (315) 471-8111 DIRECT PHONE: (315) 477-6267 DIRECT FAX: (315) 425-3667 E-MAIL: mlevy@scolaro.com WEBSITE: www.scolaro.com 507 Plum Street, Suite 300 Syracuse, New York 13204 Page 67 Onondaga County Industrial Development Agency Project Summary - DRAFT 2/22/2022 1. Project Fayette Manlius, LLC 2. Project Number 3101-22-01A 3. Location Town of Manlius 4. School District Fayetteville-Manlius School District 6. Project Type Remediation, Demolition, and Construction 5. Tax Parcel(s) 024.-01-08.1 Village Village of Manlius 507 Plum Street, Suite 300 Syracuse, New York 13204 Page 67 Onondaga County Industrial Development Agency Project Summary - DRAFT 2/22/2022 1. Project Fayette Manlius, LLC 2. Project Number 3101-22-01A 3. Location Town of Manlius 4. School District Fayetteville-Manlius School District 6. Project Type Remediation, Demolition, and Construction 5. Tax Parcel(s) 024.-01-08.1 Village Village of Manlius 7.Total Project Cost $ 11,136,078 8. Total Jobs 20 Land $ 955,500 8A. Job Retention 0 Site Work $ 931,760 8B: Job Creation 20 Remediation $ 425,000 Building $ 7,625,000 (Next 5 Years) Furniture & Fixtures $ - Equipment $ - Equipment Subject to NYS Production Exemption $ - Engineering/Architecture Fees $ 196,875 Financial Charges $ 90,076 Legal Fees $ 100,200 Other $ 811,667 Cost Benefit Analysis Fayette Manlius, LLC Project Description Fiscal Impact ($) Estimated Abatement Cost $2,136,903 Sales Tax Abatement $228,800 Mortgage Recording Tax Abatement $66,825 Real Property Tax Relief $1,841,278 7.Total Project Cost $ 11,136,078 8. Total Jobs 20 Land $ 955,500 8A. Job Retention 0 Site Work $ 931,760 8B: Job Creation 20 Remediation $ 425,000 Building $ 7,625,000 (Next 5 Years) Furniture & Fixtures $ - Equipment $ - Equipment Subject to NYS Production Exemption $ - Engineering/Architecture Fees $ 196,875 Financial Charges $ 90,076 Legal Fees $ 100,200 Other $ 811,667 Cost Benefit Analysis Fayette Manlius, LLC Project Description Fiscal Impact ($) Estimated Abatement Cost $2,136,903 Sales Tax Abatement $228,800 Mortgage Recording Tax Abatement $66,825 Real Property Tax Relief $1,841,278 New Investment $31,144,277 PILOT Payments $1,960,116 Project Wages (10 years) $8,400,000 Construction Wages $8,270,700 Fayetteville Manlius LLC is proposing to re-develop a site in the Town of Manlius for mixed use. Employee Benefits (10 years) $2,436,000 Project Capital Investment $9,937,260 Agency Fees $140,201 Benefit:Cost Ratio 15 :1 Copyright Onondaga County Industry Development Agency, All Rights Reserved Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 87 Page 88 Page 89 Page 90 Page 91 Page 92 Page 93 Page 94 Page 95 Page 96 Page 97 Page 98 Page 99 Page 100 Page 101 Page 102 Page 103 Page 104 Page 105 Page 106 Page 107 Page 108 Page 109 Page 110 Page 111 Page 112 Page 113 Page 114 Page 115 Page 116 Page 117 Page 118 Page 119 Page 120 Page 121 Page 122 Page 123 Page 124 Page 125 Page 126 Page 127 Agency Use Only [If applicable] Full Environmental Assessment Form Project : Fayette Street PUD New Investment $31,144,277 PILOT Payments $1,960,116 Project Wages (10 years) $8,400,000 Construction Wages $8,270,700 Fayetteville Manlius LLC is proposing to re-develop a site in the Town of Manlius for mixed use. Employee Benefits (10 years) $2,436,000 Project Capital Investment $9,937,260 Agency Fees $140,201 Benefit:Cost Ratio 15 :1 Copyright Onondaga County Industry Development Agency, All Rights Reserved Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 87 Page 88 Page 89 Page 90 Page 91 Page 92 Page 93 Page 94 Page 95 Page 96 Page 97 Page 98 Page 99 Page 100 Page 101 Page 102 Page 103 Page 104 Page 105 Page 106 Page 107 Page 108 Page 109 Page 110 Page 111 Page 112 Page 113 Page 114 Page 115 Page 116 Page 117 Page 118 Page 119 Page 120 Page 121 Page 122 Page 123 Page 124 Page 125 Page 126 Page 127 Agency Use Only [If applicable] Full Environmental Assessment Form Project : Fayette Street PUD Part 2 - Identification of Potential Project Impacts Date : October 5, 2021 Part 2 is to be completed by the lead agency. Part 2 is designed to help the lead agency inventory all potential resources that could be affected by a proposed project or action. We recognize that the lead agency=s reviewer(s) will not necessarily be environmental professionals. So, the questions are designed to walk a reviewer through the assessment process by providing a series of questions that can be answered using the information found in Part 1. To further assist the lead agency in completing Part 2, the form identifies the most relevant questions in Part 1 that will provide the information needed to answer the Part 2 question. When Part 2 is completed, the lead agency will have identified the relevant environmental areas that may be impacted by the proposed activity. Part 2 - Identification of Potential Project Impacts Date : October 5, 2021 Part 2 is to be completed by the lead agency. Part 2 is designed to help the lead agency inventory all potential resources that could be affected by a proposed project or action. We recognize that the lead agency=s reviewer(s) will not necessarily be environmental professionals. So, the questions are designed to walk a reviewer through the assessment process by providing a series of questions that can be answered using the information found in Part 1. To further assist the lead agency in completing Part 2, the form identifies the most relevant questions in Part 1 that will provide the information needed to answer the Part 2 question. When Part 2 is completed, the lead agency will have identified the relevant environmental areas that may be impacted by the proposed activity. If the lead agency is a state agency and the action is in any Coastal Area, complete the Coastal Assessment Form before proceeding with this assessment. Tips for completing Part 2: • Review all of the information provided in Part 1. • Review any application, maps, supporting materials and the Full EAF Workbook. • Answer each of the 18 questions in Part 2. • If you answer “Yes” to a numbered question, please complete all the questions that follow in that section. • If you answer “No” to a numbered question, move on to the next numbered question. • Check appropriate column to indicate the anticipated size of the impact. • Proposed projects that would exceed a numeric threshold contained in a question should result in the reviewing agency checking the box “Moderate to large impact may occur.” • The reviewer is not expected to be an expert in environmental analysis. • If you are not sure or undecided about the size of an impact, it may help to review the sub-questions for the general question and consult the workbook. • When answering a question consider all components of the proposed activity, that is, the Awhole action@. • Consider the possibility for long-term and cumulative impacts as well as direct impacts. • Answer the question in a reasonable manner considering the scale and context of the project. 1. Impact on Land Proposed action may involve construction on, or physical alteration of, † NO † YES ✔ the land surface of the proposed site. (See Part 1. D.1) If “Yes”, answer questions a - j. If “No”, move on to Section 2. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may involve construction on land where depth to water table is E2d 9 ✔ 9 less than 3 feet. If the lead agency is a state agency and the action is in any Coastal Area, complete the Coastal Assessment Form before proceeding with this assessment. Tips for completing Part 2: • Review all of the information provided in Part 1. • Review any application, maps, supporting materials and the Full EAF Workbook. • Answer each of the 18 questions in Part 2. • If you answer “Yes” to a numbered question, please complete all the questions that follow in that section. • If you answer “No” to a numbered question, move on to the next numbered question. • Check appropriate column to indicate the anticipated size of the impact. • Proposed projects that would exceed a numeric threshold contained in a question should result in the reviewing agency checking the box “Moderate to large impact may occur.” • The reviewer is not expected to be an expert in environmental analysis. • If you are not sure or undecided about the size of an impact, it may help to review the sub-questions for the general question and consult the workbook. • When answering a question consider all components of the proposed activity, that is, the Awhole action@. • Consider the possibility for long-term and cumulative impacts as well as direct impacts. • Answer the question in a reasonable manner considering the scale and context of the project. 1. Impact on Land Proposed action may involve construction on, or physical alteration of, † NO † YES ✔ the land surface of the proposed site. (See Part 1. D.1) If “Yes”, answer questions a - j. If “No”, move on to Section 2. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may involve construction on land where depth to water table is E2d 9 ✔ 9 less than 3 feet. b. The proposed action may involve construction on slopes of 15% or greater. E2f 9 ✔ 9 c. The proposed action may involve construction on land where bedrock is exposed, or E2a 9 ✔ 9 generally within 5 feet of existing ground surface. d. The proposed action may involve the excavation and removal of more than 1,000 tons D2a 9 ✔ 9 of natural material. e. The proposed action may involve construction that continues for more than one year D1e 9 ✔ 9 or in multiple phases. f. The proposed action may result in increased erosion, whether from physical D2e, D2q 9 ✔ 9 disturbance or vegetation removal (including from treatment by herbicides). g. The proposed action is, or may be, located within a Coastal Erosion hazard area. B1i 9 ✔ 9 b. The proposed action may involve construction on slopes of 15% or greater. E2f 9 ✔ 9 c. The proposed action may involve construction on land where bedrock is exposed, or E2a 9 ✔ 9 generally within 5 feet of existing ground surface. d. The proposed action may involve the excavation and removal of more than 1,000 tons D2a 9 ✔ 9 of natural material. e. The proposed action may involve construction that continues for more than one year D1e 9 ✔ 9 or in multiple phases. f. The proposed action may result in increased erosion, whether from physical D2e, D2q 9 ✔ 9 disturbance or vegetation removal (including from treatment by herbicides). g. The proposed action is, or may be, located within a Coastal Erosion hazard area. B1i 9 ✔ 9 h. Other impacts: _______________________________________________________ 9 9 ___________________________________________________________________ Page 1 of 10 Page 128 2. Impact on Geological Features The proposed action may result in the modification or destruction of, or inhibit access to, any unique or unusual land forms on the site (e.g., cliffs, dunes, † NO ✔ † YES minerals, fossils, caves). (See Part 1. E.2.g) If “Yes”, answer questions a - c. If “No”, move on to Section 3. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. Identify the specific land form(s) attached: ________________________________ E2g 9 9 ___________________________________________________________________ h. Other impacts: _______________________________________________________ 9 9 ___________________________________________________________________ Page 1 of 10 Page 128 2. Impact on Geological Features The proposed action may result in the modification or destruction of, or inhibit access to, any unique or unusual land forms on the site (e.g., cliffs, dunes, † NO ✔ † YES minerals, fossils, caves). (See Part 1. E.2.g) If “Yes”, answer questions a - c. If “No”, move on to Section 3. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. Identify the specific land form(s) attached: ________________________________ E2g 9 9 ___________________________________________________________________ b. The proposed action may affect or is adjacent to a geological feature listed as a E3c 9 9 registered National Natural Landmark. Specific feature: _____________________________________________________ c. Other impacts: ______________________________________________________ 9 9 ___________________________________________________________________ b. The proposed action may affect or is adjacent to a geological feature listed as a E3c 9 9 registered National Natural Landmark. Specific feature: _____________________________________________________ c. Other impacts: ______________________________________________________ 9 9 ___________________________________________________________________ 3. Impacts on Surface Water The proposed action may affect one or more wetlands or other surface water † NO ✔ † YES bodies (e.g., streams, rivers, ponds or lakes). (See Part 1. D.2, E.2.h) If “Yes”, answer questions a - l. If “No”, move on to Section 4. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may create a new water body. D2b, D1h 9 ✔ 9 3. Impacts on Surface Water The proposed action may affect one or more wetlands or other surface water † NO ✔ † YES bodies (e.g., streams, rivers, ponds or lakes). (See Part 1. D.2, E.2.h) If “Yes”, answer questions a - l. If “No”, move on to Section 4. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may create a new water body. D2b, D1h 9 ✔ 9 b. The proposed action may result in an increase or decrease of over 10% or more than a D2b 9 ✔ 9 10 acre increase or decrease in the surface area of any body of water. c. The proposed action may involve dredging more than 100 cubic yards of material D2a 9 ✔ 9 from a wetland or water body. d. The proposed action may involve construction within or adjoining a freshwater or E2h 9 ✔ 9 tidal wetland, or in the bed or banks of any other water body. e. The proposed action may create turbidity in a waterbody, either from upland erosion, D2a, D2h 9 ✔ 9 runoff or by disturbing bottom sediments. f. The proposed action may include construction of one or more intake(s) for withdrawal D2c 9 ✔ 9 of water from surface water. g. The proposed action may include construction of one or more outfall(s) for discharge D2d 9 ✔ 9 of wastewater to surface water(s). h. The proposed action may cause soil erosion, or otherwise create a source of D2e 9 ✔ 9 stormwater discharge that may lead to siltation or other degradation of receiving water bodies. i. The proposed action may affect the water quality of any water bodies within or E2h 9 ✔ 9 downstream of the site of the proposed action. j. The proposed action may involve the application of pesticides or herbicides in or D2q, E2h 9 ✔ 9 around any water body. k. The proposed action may require the construction of new, or expansion of existing, D1a, D2d 9 ✔ 9 wastewater treatment facilities. b. The proposed action may result in an increase or decrease of over 10% or more than a D2b 9 ✔ 9 10 acre increase or decrease in the surface area of any body of water. c. The proposed action may involve dredging more than 100 cubic yards of material D2a 9 ✔ 9 from a wetland or water body. d. The proposed action may involve construction within or adjoining a freshwater or E2h 9 ✔ 9 tidal wetland, or in the bed or banks of any other water body. e. The proposed action may create turbidity in a waterbody, either from upland erosion, D2a, D2h 9 ✔ 9 runoff or by disturbing bottom sediments. f. The proposed action may include construction of one or more intake(s) for withdrawal D2c 9 ✔ 9 of water from surface water. g. The proposed action may include construction of one or more outfall(s) for discharge D2d 9 ✔ 9 of wastewater to surface water(s). h. The proposed action may cause soil erosion, or otherwise create a source of D2e 9 ✔ 9 stormwater discharge that may lead to siltation or other degradation of receiving water bodies. i. The proposed action may affect the water quality of any water bodies within or E2h 9 ✔ 9 downstream of the site of the proposed action. j. The proposed action may involve the application of pesticides or herbicides in or D2q, E2h 9 ✔ 9 around any water body. k. The proposed action may require the construction of new, or expansion of existing, D1a, D2d 9 ✔ 9 wastewater treatment facilities. Page 2 of 10 Page 129 l. Other impacts: _______________________________________________________ 9 9 ___________________________________________________________________ 4. Impact on groundwater The proposed action may result in new or additional use of ground water, or † NO ✔ † YES may have the potential to introduce contaminants to ground water or an aquifer. (See Part 1. D.2.a, D.2.c, D.2.d, D.2.p, D.2.q, D.2.t) If “Yes”, answer questions a - h. If “No”, move on to Section 5. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may require new water supply wells, or create additional demand D2c 9 ✔ 9 on supplies from existing water supply wells. b. Water supply demand from the proposed action may exceed safe and sustainable D2c 9 ✔ 9 withdrawal capacity rate of the local supply or aquifer. Cite Source: ________________________________________________________ Page 2 of 10 Page 129 l. Other impacts: _______________________________________________________ 9 9 ___________________________________________________________________ 4. Impact on groundwater The proposed action may result in new or additional use of ground water, or † NO ✔ † YES may have the potential to introduce contaminants to ground water or an aquifer. (See Part 1. D.2.a, D.2.c, D.2.d, D.2.p, D.2.q, D.2.t) If “Yes”, answer questions a - h. If “No”, move on to Section 5. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may require new water supply wells, or create additional demand D2c 9 ✔ 9 on supplies from existing water supply wells. b. Water supply demand from the proposed action may exceed safe and sustainable D2c 9 ✔ 9 withdrawal capacity rate of the local supply or aquifer. Cite Source: ________________________________________________________ c. The proposed action may allow or result in residential uses in areas without water and D1a, D2c 9 ✔ 9 sewer services. d. The proposed action may include or require wastewater discharged to groundwater. D2d, E2l 9 ✔ 9 e. The proposed action may result in the construction of water supply wells in locations D2c, E1f, 9 ✔ 9 where groundwater is, or is suspected to be, contaminated. E1g, E1h f. The proposed action may require the bulk storage of petroleum or chemical products D2p, E2l 9 ✔ 9 over ground water or an aquifer. g. The proposed action may involve the commercial application of pesticides within 100 E2h, D2q, 9 ✔ 9 feet of potable drinking water or irrigation sources. E2l, D2c c. The proposed action may allow or result in residential uses in areas without water and D1a, D2c 9 ✔ 9 sewer services. d. The proposed action may include or require wastewater discharged to groundwater. D2d, E2l 9 ✔ 9 e. The proposed action may result in the construction of water supply wells in locations D2c, E1f, 9 ✔ 9 where groundwater is, or is suspected to be, contaminated. E1g, E1h f. The proposed action may require the bulk storage of petroleum or chemical products D2p, E2l 9 ✔ 9 over ground water or an aquifer. g. The proposed action may involve the commercial application of pesticides within 100 E2h, D2q, 9 ✔ 9 feet of potable drinking water or irrigation sources. E2l, D2c h. Other impacts: ______________________________________________________ 9 ✔ 9 __________________________________________________________________ 5. Impact on Flooding The proposed action may result in development on lands subject to flooding. † NO ✔ † YES (See Part 1. E.2) If “Yes”, answer questions a - g. If “No”, move on to Section 6. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may result in development in a designated floodway. E2i 9 9 b. The proposed action may result in development within a 100 year floodplain. E2j 9 9 h. Other impacts: ______________________________________________________ 9 ✔ 9 __________________________________________________________________ 5. Impact on Flooding The proposed action may result in development on lands subject to flooding. † NO ✔ † YES (See Part 1. E.2) If “Yes”, answer questions a - g. If “No”, move on to Section 6. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may result in development in a designated floodway. E2i 9 9 b. The proposed action may result in development within a 100 year floodplain. E2j 9 9 c. The proposed action may result in development within a 500 year floodplain. E2k 9 9 d. The proposed action may result in, or require, modification of existing drainage D2b, D2e 9 9 patterns. e. The proposed action may change flood water flows that contribute to flooding. D2b, E2i, 9 9 E2j, E2k f. If there is a dam located on the site of the proposed action, is the dam in need of repair, E1e 9 9 or upgrade? Page 3 of 10 Page 130 g. Other impacts: ______________________________________________________ 9 9 ___________________________________________________________________ c. The proposed action may result in development within a 500 year floodplain. E2k 9 9 d. The proposed action may result in, or require, modification of existing drainage D2b, D2e 9 9 patterns. e. The proposed action may change flood water flows that contribute to flooding. D2b, E2i, 9 9 E2j, E2k f. If there is a dam located on the site of the proposed action, is the dam in need of repair, E1e 9 9 or upgrade? Page 3 of 10 Page 130 g. Other impacts: ______________________________________________________ 9 9 ___________________________________________________________________ 6. Impacts on Air The proposed action may include a state regulated air emission source. † ✔ NO † YES (See Part 1. D.2.f., D,2,h, D.2.g) If “Yes”, answer questions a - f. If “No”, move on to Section 7. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. If the proposed action requires federal or state air emission permits, the action may also emit one or more greenhouse gases at or above the following levels: i. More than 1000 tons/year of carbon dioxide (CO2) D2g 9 9 ii. More than 3.5 tons/year of nitrous oxide (N2O) D2g 9 9 iii. More than 1000 tons/year of carbon equivalent of perfluorocarbons (PFCs) D2g 9 9 iv. More than .045 tons/year of sulfur hexafluoride (SF6) D2g 9 9 D2g 9 9 v. More than 1000 tons/year of carbon dioxide equivalent of hydrochloroflourocarbons (HFCs) emissions vi. 43 tons/year or more of methane D2h 9 9 6. Impacts on Air The proposed action may include a state regulated air emission source. † ✔ NO † YES (See Part 1. D.2.f., D,2,h, D.2.g) If “Yes”, answer questions a - f. If “No”, move on to Section 7. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. If the proposed action requires federal or state air emission permits, the action may also emit one or more greenhouse gases at or above the following levels: i. More than 1000 tons/year of carbon dioxide (CO2) D2g 9 9 ii. More than 3.5 tons/year of nitrous oxide (N2O) D2g 9 9 iii. More than 1000 tons/year of carbon equivalent of perfluorocarbons (PFCs) D2g 9 9 iv. More than .045 tons/year of sulfur hexafluoride (SF6) D2g 9 9 D2g 9 9 v. More than 1000 tons/year of carbon dioxide equivalent of hydrochloroflourocarbons (HFCs) emissions vi. 43 tons/year or more of methane D2h 9 9 b. The proposed action may generate 10 tons/year or more of any one designated D2g 9 9 hazardous air pollutant, or 25 tons/year or more of any combination of such hazardous air pollutants. c. The proposed action may require a state air registration, or may produce an emissions D2f, D2g 9 9 rate of total contaminants that may exceed 5 lbs. per hour, or may include a heat source capable of producing more than 10 million BTU=s per hour. d. The proposed action may reach 50% of any of the thresholds in “a” through “c”, D2g 9 9 above. e. The proposed action may result in the combustion or thermal treatment of more than 1 D2s 9 9 ton of refuse per hour. f. Other impacts: ______________________________________________________ 9 9 __________________________________________________________________ b. The proposed action may generate 10 tons/year or more of any one designated D2g 9 9 hazardous air pollutant, or 25 tons/year or more of any combination of such hazardous air pollutants. c. The proposed action may require a state air registration, or may produce an emissions D2f, D2g 9 9 rate of total contaminants that may exceed 5 lbs. per hour, or may include a heat source capable of producing more than 10 million BTU=s per hour. d. The proposed action may reach 50% of any of the thresholds in “a” through “c”, D2g 9 9 above. e. The proposed action may result in the combustion or thermal treatment of more than 1 D2s 9 9 ton of refuse per hour. f. Other impacts: ______________________________________________________ 9 9 __________________________________________________________________ 7. Impact on Plants and Animals The proposed action may result in a loss of flora or fauna. (See Part 1. E.2. m.-q.) † NO † YES ✔ If “Yes”, answer questions a - j. If “No”, move on to Section 8. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may cause reduction in population or loss of individuals of any E2o 9 ✔ 9 threatened or endangered species, as listed by New York State or the Federal government, that use the site, or are found on, over, or near the site. b. The proposed action may result in a reduction or degradation of any habitat used by E2o 9 ✔ 9 any rare, threatened or endangered species, as listed by New York State or the federal government. c. The proposed action may cause reduction in population, or loss of individuals, of any E2p 9 ✔ 9 species of special concern or conservation need, as listed by New York State or the Federal government, that use the site, or are found on, over, or near the site. d. The proposed action may result in a reduction or degradation of any habitat used by E2p 9 ✔ 9 any species of special concern and conservation need, as listed by New York State or the Federal government. Page 4 of 10 7. Impact on Plants and Animals The proposed action may result in a loss of flora or fauna. (See Part 1. E.2. m.-q.) † NO † YES ✔ If “Yes”, answer questions a - j. If “No”, move on to Section 8. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may cause reduction in population or loss of individuals of any E2o 9 ✔ 9 threatened or endangered species, as listed by New York State or the Federal government, that use the site, or are found on, over, or near the site. b. The proposed action may result in a reduction or degradation of any habitat used by E2o 9 ✔ 9 any rare, threatened or endangered species, as listed by New York State or the federal government. c. The proposed action may cause reduction in population, or loss of individuals, of any E2p 9 ✔ 9 species of special concern or conservation need, as listed by New York State or the Federal government, that use the site, or are found on, over, or near the site. d. The proposed action may result in a reduction or degradation of any habitat used by E2p 9 ✔ 9 any species of special concern and conservation need, as listed by New York State or the Federal government. Page 4 of 10 Page 131 e. The proposed action may diminish the capacity of a registered National Natural E3c 9 ✔ 9 Landmark to support the biological community it was established to protect. f. The proposed action may result in the removal of, or ground disturbance in, any E2n 9 ✔ 9 portion of a designated significant natural community. Source: ____________________________________________________________ g. The proposed action may substantially interfere with nesting/breeding, foraging, or E2m 9 ✔ 9 over-wintering habitat for the predominant species that occupy or use the project site. Page 131 e. The proposed action may diminish the capacity of a registered National Natural E3c 9 ✔ 9 Landmark to support the biological community it was established to protect. f. The proposed action may result in the removal of, or ground disturbance in, any E2n 9 ✔ 9 portion of a designated significant natural community. Source: ____________________________________________________________ g. The proposed action may substantially interfere with nesting/breeding, foraging, or E2m 9 ✔ 9 over-wintering habitat for the predominant species that occupy or use the project site. h. The proposed action requires the conversion of more than 10 acres of forest, 9 ✔ 9 E1b grassland or any other regionally or locally important habitat. Habitat type & information source: ______________________________________ __________________________________________________________________ i. Proposed action (commercial, industrial or recreational projects, only) involves use of D2q 9 ✔ 9 herbicides or pesticides. j. Other impacts: ______________________________________________________ 9 ✔ 9 __________________________________________________________________ h. The proposed action requires the conversion of more than 10 acres of forest, 9 ✔ 9 E1b grassland or any other regionally or locally important habitat. Habitat type & information source: ______________________________________ __________________________________________________________________ i. Proposed action (commercial, industrial or recreational projects, only) involves use of D2q 9 ✔ 9 herbicides or pesticides. j. Other impacts: ______________________________________________________ 9 ✔ 9 __________________________________________________________________ 8. Impact on Agricultural Resources The proposed action may impact agricultural resources. (See Part 1. E.3.a. and b.) ✔ † NO † YES If “Yes”, answer questions a - h. If “No”, move on to Section 9. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may impact soil classified within soil group 1 through 4 of the E2c, E3b 9 9 NYS Land Classification System. b. The proposed action may sever, cross or otherwise limit access to agricultural land E1a, Elb 9 9 (includes cropland, hayfields, pasture, vineyard, orchard, etc). c. The proposed action may result in the excavation or compaction of the soil profile of E3b 9 9 active agricultural land. d. The proposed action may irreversibly convert agricultural land to non-agricultural E1b, E3a 9 9 uses, either more than 2.5 acres if located in an Agricultural District, or more than 10 acres if not within an Agricultural District. e. The proposed action may disrupt or prevent installation of an agricultural land El a, E1b 9 9 management system. f. The proposed action may result, directly or indirectly, in increased development C2c, C3, 9 9 potential or pressure on farmland. D2c, D2d 8. Impact on Agricultural Resources The proposed action may impact agricultural resources. (See Part 1. E.3.a. and b.) ✔ † NO † YES If “Yes”, answer questions a - h. If “No”, move on to Section 9. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may impact soil classified within soil group 1 through 4 of the E2c, E3b 9 9 NYS Land Classification System. b. The proposed action may sever, cross or otherwise limit access to agricultural land E1a, Elb 9 9 (includes cropland, hayfields, pasture, vineyard, orchard, etc). c. The proposed action may result in the excavation or compaction of the soil profile of E3b 9 9 active agricultural land. d. The proposed action may irreversibly convert agricultural land to non-agricultural E1b, E3a 9 9 uses, either more than 2.5 acres if located in an Agricultural District, or more than 10 acres if not within an Agricultural District. e. The proposed action may disrupt or prevent installation of an agricultural land El a, E1b 9 9 management system. f. The proposed action may result, directly or indirectly, in increased development C2c, C3, 9 9 potential or pressure on farmland. D2c, D2d g. The proposed project is not consistent with the adopted municipal Farmland C2c 9 9 Protection Plan. h. Other impacts: ________________________________________________________ 9 9 Page 5 of 10 Page 132 9. Impact on Aesthetic Resources The land use of the proposed action are obviously different from, or are in ✔ † NO † YES sharp contrast to, current land use patterns between the proposed project and a scenic or aesthetic resource. (Part 1. E.1.a, E.1.b, E.3.h.) If “Yes”, answer questions a - g. If “No”, go to Section 10. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. Proposed action may be visible from any officially designated federal, state, or local E3h 9 9 scenic or aesthetic resource. b. The proposed action may result in the obstruction, elimination or significant E3h, C2b 9 9 screening of one or more officially designated scenic views. c. The proposed action may be visible from publicly accessible vantage points: E3h i. Seasonally (e.g., screened by summer foliage, but visible during other seasons) 9 9 ii. Year round 9 9 g. The proposed project is not consistent with the adopted municipal Farmland C2c 9 9 Protection Plan. h. Other impacts: ________________________________________________________ 9 9 Page 5 of 10 Page 132 9. Impact on Aesthetic Resources The land use of the proposed action are obviously different from, or are in ✔ † NO † YES sharp contrast to, current land use patterns between the proposed project and a scenic or aesthetic resource. (Part 1. E.1.a, E.1.b, E.3.h.) If “Yes”, answer questions a - g. If “No”, go to Section 10. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. Proposed action may be visible from any officially designated federal, state, or local E3h 9 9 scenic or aesthetic resource. b. The proposed action may result in the obstruction, elimination or significant E3h, C2b 9 9 screening of one or more officially designated scenic views. c. The proposed action may be visible from publicly accessible vantage points: E3h i. Seasonally (e.g., screened by summer foliage, but visible during other seasons) 9 9 ii. Year round 9 9 d. The situation or activity in which viewers are engaged while viewing the proposed E3h action is: E2q, i. Routine travel by residents, including travel to and from work 9 9 ii. Recreational or tourism based activities E1c 9 9 e. The proposed action may cause a diminishment of the public enjoyment and E3h 9 9 appreciation of the designated aesthetic resource. f. There are similar projects visible within the following distance of the proposed D1a, E1a, 9 9 project: D1f, D1g 0-1/2 mile ½ -3 mile 3-5 mile 5+ mile g. Other impacts: ______________________________________________________ 9 9 __________________________________________________________________ d. The situation or activity in which viewers are engaged while viewing the proposed E3h action is: E2q, i. Routine travel by residents, including travel to and from work 9 9 ii. Recreational or tourism based activities E1c 9 9 e. The proposed action may cause a diminishment of the public enjoyment and E3h 9 9 appreciation of the designated aesthetic resource. f. There are similar projects visible within the following distance of the proposed D1a, E1a, 9 9 project: D1f, D1g 0-1/2 mile ½ -3 mile 3-5 mile 5+ mile g. Other impacts: ______________________________________________________ 9 9 __________________________________________________________________ 10. Impact on Historic and Archeological Resources The proposed action may occur in or adjacent to a historic or archaeological † NO † YES ✔ resource. (Part 1. E.3.e, f. and g.) If “Yes”, answer questions a - e. If “No”, go to Section 11. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may occur wholly or partially within, or substantially contiguous E3e 9 ✔ 9 to, any buildings, archaeological site or district which is listed on or has been nominated by the NYS Board of Historic Preservation for inclusion on the State or National Register of Historic Places. b. The proposed action may occur wholly or partially within, or substantially contiguous E3f 9 ✔ 9 to, an area designated as sensitive for archaeological sites on the NY State Historic Preservation Office (SHPO) archaeological site inventory. c. The proposed action may occur wholly or partially within, or substantially contiguous E3g 9 ✔ 9 to, an archaeological site not included on the NY SHPO inventory. Source: ____________________________________________________________ 10. Impact on Historic and Archeological Resources The proposed action may occur in or adjacent to a historic or archaeological † NO † YES ✔ resource. (Part 1. E.3.e, f. and g.) If “Yes”, answer questions a - e. If “No”, go to Section 11. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may occur wholly or partially within, or substantially contiguous E3e 9 ✔ 9 to, any buildings, archaeological site or district which is listed on or has been nominated by the NYS Board of Historic Preservation for inclusion on the State or National Register of Historic Places. b. The proposed action may occur wholly or partially within, or substantially contiguous E3f 9 ✔ 9 to, an area designated as sensitive for archaeological sites on the NY State Historic Preservation Office (SHPO) archaeological site inventory. c. The proposed action may occur wholly or partially within, or substantially contiguous E3g 9 ✔ 9 to, an archaeological site not included on the NY SHPO inventory. Source: ____________________________________________________________ Page 6 of 10 Page 133 d. Other impacts: ______________________________________________________ 9 ✔ 9 __________________________________________________________________ If any of the above (a-d) are answered “Moderate to large impact may e. occur”, continue with the following questions to help support conclusions in Part 3: Page 6 of 10 Page 133 d. Other impacts: ______________________________________________________ 9 ✔ 9 __________________________________________________________________ If any of the above (a-d) are answered “Moderate to large impact may e. occur”, continue with the following questions to help support conclusions in Part 3: i. The proposed action may result in the destruction or alteration of all or part E3e, E3g, 9 ✔ 9 of the site or property. E3f ii. The proposed action may result in the alteration of the property’s setting or E3e, E3f, 9 ✔ 9 integrity. E3g, E1a, E1b iii. The proposed action may result in the introduction of visual elements which E3e, E3f, 9 ✔ 9 are out of character with the site or property, or may alter its setting. E3g, E3h, C2, C3 i. The proposed action may result in the destruction or alteration of all or part E3e, E3g, 9 ✔ 9 of the site or property. E3f ii. The proposed action may result in the alteration of the property’s setting or E3e, E3f, 9 ✔ 9 integrity. E3g, E1a, E1b iii. The proposed action may result in the introduction of visual elements which E3e, E3f, 9 ✔ 9 are out of character with the site or property, or may alter its setting. E3g, E3h, C2, C3 11. Impact on Open Space and Recreation The proposed action may result in a loss of recreational opportunities or a † NO ✔ † YES reduction of an open space resource as designated in any adopted municipal open space plan. (See Part 1. C.2.c, E.1.c., E.2.q.) If “Yes”, answer questions a - e. If “No”, go to Section 12. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may result in an impairment of natural functions, or “ecosystem D2e, E1b 9 9 services”, provided by an undeveloped area, including but not limited to stormwater E2h, storage, nutrient cycling, wildlife habitat. E2m, E2o, E2n, E2p b. The proposed action may result in the loss of a current or future recreational resource. C2a, E1c, 9 9 C2c, E2q c. The proposed action may eliminate open space or recreational resource in an area C2a, C2c 9 9 with few such resources. E1c, E2q 11. Impact on Open Space and Recreation The proposed action may result in a loss of recreational opportunities or a † NO ✔ † YES reduction of an open space resource as designated in any adopted municipal open space plan. (See Part 1. C.2.c, E.1.c., E.2.q.) If “Yes”, answer questions a - e. If “No”, go to Section 12. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may result in an impairment of natural functions, or “ecosystem D2e, E1b 9 9 services”, provided by an undeveloped area, including but not limited to stormwater E2h, storage, nutrient cycling, wildlife habitat. E2m, E2o, E2n, E2p b. The proposed action may result in the loss of a current or future recreational resource. C2a, E1c, 9 9 C2c, E2q c. The proposed action may eliminate open space or recreational resource in an area C2a, C2c 9 9 with few such resources. E1c, E2q d. The proposed action may result in loss of an area now used informally by the C2c, E1c 9 9 community as an open space resource. e. Other impacts: _____________________________________________________ 9 9 _________________________________________________________________ 12. Impact on Critical Environmental Areas The proposed action may be located within or adjacent to a critical † NO ✔ † YES environmental area (CEA). (See Part 1. E.3.d) If “Yes”, answer questions a - c. If “No”, go to Section 13. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may result in a reduction in the quantity of the resource or E3d 9 9 characteristic which was the basis for designation of the CEA. b. The proposed action may result in a reduction in the quality of the resource or E3d 9 9 characteristic which was the basis for designation of the CEA. c. Other impacts: ______________________________________________________ 9 9 __________________________________________________________________ d. The proposed action may result in loss of an area now used informally by the C2c, E1c 9 9 community as an open space resource. e. Other impacts: _____________________________________________________ 9 9 _________________________________________________________________ 12. Impact on Critical Environmental Areas The proposed action may be located within or adjacent to a critical † NO ✔ † YES environmental area (CEA). (See Part 1. E.3.d) If “Yes”, answer questions a - c. If “No”, go to Section 13. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may result in a reduction in the quantity of the resource or E3d 9 9 characteristic which was the basis for designation of the CEA. b. The proposed action may result in a reduction in the quality of the resource or E3d 9 9 characteristic which was the basis for designation of the CEA. c. Other impacts: ______________________________________________________ 9 9 __________________________________________________________________ Page 7 of 10 Page 134 13. Impact on Transportation The proposed action may result in a change to existing transportation systems. † NO † YES ✔ (See Part 1. D.2.j) If “Yes”, answer questions a - f. If “No”, go to Section 14. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. Projected traffic increase may exceed capacity of existing road network. D2j ✔9 9 b. The proposed action may result in the construction of paved parking area for 500 or D2j 9 ✔ 9 more vehicles. c. The proposed action will degrade existing transit access. D2j 9 ✔ 9 Page 7 of 10 Page 134 13. Impact on Transportation The proposed action may result in a change to existing transportation systems. † NO † YES ✔ (See Part 1. D.2.j) If “Yes”, answer questions a - f. If “No”, go to Section 14. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. Projected traffic increase may exceed capacity of existing road network. D2j ✔9 9 b. The proposed action may result in the construction of paved parking area for 500 or D2j 9 ✔ 9 more vehicles. c. The proposed action will degrade existing transit access. D2j 9 ✔ 9 d. The proposed action will degrade existing pedestrian or bicycle accommodations. D2j 9 ✔ 9 e. The proposed action may alter the present pattern of movement of people or goods. D2j 9 ✔ 9 f. Other impacts: ______________________________________________________ 9 9 __________________________________________________________________ d. The proposed action will degrade existing pedestrian or bicycle accommodations. D2j 9 ✔ 9 e. The proposed action may alter the present pattern of movement of people or goods. D2j 9 ✔ 9 f. Other impacts: ______________________________________________________ 9 9 __________________________________________________________________ 14. Impact on Energy The proposed action may cause an increase in the use of any form of energy. † NO ✔ † YES (See Part 1. D.2.k) If “Yes”, answer questions a - e. If “No”, go to Section 15. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action will require a new, or an upgrade to an existing, substation. D2k 9 9 b. The proposed action will require the creation or extension of an energy transmission D1f, 9 9 or supply system to serve more than 50 single or two-family residences or to serve a D1q, D2k commercial or industrial use. c. The proposed action may utilize more than 2,500 MWhrs per year of electricity. D2k 9 9 14. Impact on Energy The proposed action may cause an increase in the use of any form of energy. † NO ✔ † YES (See Part 1. D.2.k) If “Yes”, answer questions a - e. If “No”, go to Section 15. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action will require a new, or an upgrade to an existing, substation. D2k 9 9 b. The proposed action will require the creation or extension of an energy transmission D1f, 9 9 or supply system to serve more than 50 single or two-family residences or to serve a D1q, D2k commercial or industrial use. c. The proposed action may utilize more than 2,500 MWhrs per year of electricity. D2k 9 9 d. The proposed action may involve heating and/or cooling of more than 100,000 square D1g 9 9 feet of building area when completed. e. Other Impacts: ________________________________________________________ ____________________________________________________________________ 15. Impact on Noise, Odor, and Light The proposed action may result in an increase in noise, odors, or outdoor lighting. † NO ✔ † YES (See Part 1. D.2.m., n., and o.) If “Yes”, answer questions a - f. If “No”, go to Section 16. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may produce sound above noise levels established by local D2m ✔9 9 regulation. d. The proposed action may involve heating and/or cooling of more than 100,000 square D1g 9 9 feet of building area when completed. e. Other Impacts: ________________________________________________________ ____________________________________________________________________ 15. Impact on Noise, Odor, and Light The proposed action may result in an increase in noise, odors, or outdoor lighting. † NO ✔ † YES (See Part 1. D.2.m., n., and o.) If “Yes”, answer questions a - f. If “No”, go to Section 16. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may produce sound above noise levels established by local D2m ✔9 9 regulation. b. The proposed action may result in blasting within 1,500 feet of any residence, D2m, E1d 9 ✔ 9 hospital, school, licensed day care center, or nursing home. c. The proposed action may result in routine odors for more than one hour per day. D2o 9 ✔ 9 Page 8 of 10 Page 135 d. The proposed action may result in light shining onto adjoining properties. D2n 9 ✔ 9 e. The proposed action may result in lighting creating sky-glow brighter than existing D2n, E1a 9 ✔ 9 area conditions. f. Other impacts: ______________________________________________________ 9 9 __________________________________________________________________ b. The proposed action may result in blasting within 1,500 feet of any residence, D2m, E1d 9 ✔ 9 hospital, school, licensed day care center, or nursing home. c. The proposed action may result in routine odors for more than one hour per day. D2o 9 ✔ 9 Page 8 of 10 Page 135 d. The proposed action may result in light shining onto adjoining properties. D2n 9 ✔ 9 e. The proposed action may result in lighting creating sky-glow brighter than existing D2n, E1a 9 ✔ 9 area conditions. f. Other impacts: ______________________________________________________ 9 9 __________________________________________________________________ 16. Impact on Human Health The proposed action may have an impact on human health from exposure ✔ † NO † YES to new or existing sources of contaminants. (See Part 1.D.2.q., E.1. d. f. g. and h.) If “Yes”, answer questions a - m. If “No”, go to Section 17. Relevant No,or Moderate Part I small to large Question(s) impact impact may may cccur occur a. The proposed action is located within 1500 feet of a school, hospital, licensed day E1d 9 9 care center, group home, nursing home or retirement community. b. The site of the proposed action is currently undergoing remediation. E1g, E1h 9 9 16. Impact on Human Health The proposed action may have an impact on human health from exposure ✔ † NO † YES to new or existing sources of contaminants. (See Part 1.D.2.q., E.1. d. f. g. and h.) If “Yes”, answer questions a - m. If “No”, go to Section 17. Relevant No,or Moderate Part I small to large Question(s) impact impact may may cccur occur a. The proposed action is located within 1500 feet of a school, hospital, licensed day E1d 9 9 care center, group home, nursing home or retirement community. b. The site of the proposed action is currently undergoing remediation. E1g, E1h 9 9 c. There is a completed emergency spill remediation, or a completed environmental site E1g, E1h 9 9 remediation on, or adjacent to, the site of the proposed action. d. The site of the action is subject to an institutional control limiting the use of the E1g, E1h 9 9 property (e.g., easement or deed restriction). e. The proposed action may affect institutional control measures that were put in place E1g, E1h 9 9 to ensure that the site remains protective of the environment and human health. f. The proposed action has adequate control measures in place to ensure that future D2t 9 9 generation, treatment and/or disposal of hazardous wastes will be protective of the environment and human health. g. The proposed action involves construction or modification of a solid waste D2q, E1f 9 9 management facility. h. The proposed action may result in the unearthing of solid or hazardous waste. D2q, E1f 9 9 i. The proposed action may result in an increase in the rate of disposal, or processing, of D2r, D2s 9 9 solid waste. j. The proposed action may result in excavation or other disturbance within 2000 feet of E1f, E1g 9 9 a site used for the disposal of solid or hazardous waste. E1h c. There is a completed emergency spill remediation, or a completed environmental site E1g, E1h 9 9 remediation on, or adjacent to, the site of the proposed action. d. The site of the action is subject to an institutional control limiting the use of the E1g, E1h 9 9 property (e.g., easement or deed restriction). e. The proposed action may affect institutional control measures that were put in place E1g, E1h 9 9 to ensure that the site remains protective of the environment and human health. f. The proposed action has adequate control measures in place to ensure that future D2t 9 9 generation, treatment and/or disposal of hazardous wastes will be protective of the environment and human health. g. The proposed action involves construction or modification of a solid waste D2q, E1f 9 9 management facility. h. The proposed action may result in the unearthing of solid or hazardous waste. D2q, E1f 9 9 i. The proposed action may result in an increase in the rate of disposal, or processing, of D2r, D2s 9 9 solid waste. j. The proposed action may result in excavation or other disturbance within 2000 feet of E1f, E1g 9 9 a site used for the disposal of solid or hazardous waste. E1h k. The proposed action may result in the migration of explosive gases from a landfill E1f, E1g 9 9 site to adjacent off site structures. l. The proposed action may result in the release of contaminated leachate from the D2s, E1f, 9 9 project site. D2r m. Other impacts: ______________________________________________________ __________________________________________________________________ Page 9 of 10 Page 136 k. The proposed action may result in the migration of explosive gases from a landfill E1f, E1g 9 9 site to adjacent off site structures. l. The proposed action may result in the release of contaminated leachate from the D2s, E1f, 9 9 project site. D2r m. Other impacts: ______________________________________________________ __________________________________________________________________ Page 9 of 10 Page 136 17. Consistency with Community Plans The proposed action is not consistent with adopted land use plans. † NO ✔ † YES (See Part 1. C.1, C.2. and C.3.) If “Yes”, answer questions a - h. If “No”, go to Section 18. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action’s land use components may be different from, or in sharp C2, C3, D1a 9 9 contrast to, current surrounding land use pattern(s). E1a, E1b b. The proposed action will cause the permanent population of the city, town or village C2 9 9 in which the project is located to grow by more than 5%. c. The proposed action is inconsistent with local land use plans or zoning regulations. C2, C2, C3 9 9 d. The proposed action is inconsistent with any County plans, or other regional land use C2, C2 9 9 plans. e. The proposed action may cause a change in the density of development that is not C3, D1c, 9 9 supported by existing infrastructure or is distant from existing infrastructure. D1d, D1f, D1d, Elb f. The proposed action is located in an area characterized by low density development C4, D2c, D2d 9 9 that will require new or expanded public infrastructure. D2j 17. Consistency with Community Plans The proposed action is not consistent with adopted land use plans. † NO ✔ † YES (See Part 1. C.1, C.2. and C.3.) If “Yes”, answer questions a - h. If “No”, go to Section 18. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action’s land use components may be different from, or in sharp C2, C3, D1a 9 9 contrast to, current surrounding land use pattern(s). E1a, E1b b. The proposed action will cause the permanent population of the city, town or village C2 9 9 in which the project is located to grow by more than 5%. c. The proposed action is inconsistent with local land use plans or zoning regulations. C2, C2, C3 9 9 d. The proposed action is inconsistent with any County plans, or other regional land use C2, C2 9 9 plans. e. The proposed action may cause a change in the density of development that is not C3, D1c, 9 9 supported by existing infrastructure or is distant from existing infrastructure. D1d, D1f, D1d, Elb f. The proposed action is located in an area characterized by low density development C4, D2c, D2d 9 9 that will require new or expanded public infrastructure. D2j g. The proposed action may induce secondary development impacts (e.g., residential or C2a 9 9 commercial development not included in the proposed action) h. Other: _____________________________________________________________ 9 9 __________________________________________________________________ 18. Consistency with Community Character The proposed project is inconsistent with the existing community character. † NO ✔ † YES (See Part 1. C.2, C.3, D.2, E.3) If “Yes”, answer questions a - g. If “No”, proceed to Part 3. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may replace or eliminate existing facilities, structures, or areas E3e, E3f, E3g 9 9 of historic importance to the community. b. The proposed action may create a demand for additional community services (e.g. C4 9 9 schools, police and fire) c. The proposed action may displace affordable or low-income housing in an area where C2, C3, D1f 9 9 there is a shortage of such housing. D1g, E1a d. The proposed action may interfere with the use or enjoyment of officially recognized C2, E3 9 9 or designated public resources. e. The proposed action is inconsistent with the predominant architectural scale and C2, C3 9 9 character. f. Proposed action is inconsistent with the character of the existing natural landscape. C2, C3 9 9 E1a, E1b E2g, E2h g. Other impacts: ______________________________________________________ 9 9 __________________________________________________________________ g. The proposed action may induce secondary development impacts (e.g., residential or C2a 9 9 commercial development not included in the proposed action) h. Other: _____________________________________________________________ 9 9 __________________________________________________________________ 18. Consistency with Community Character The proposed project is inconsistent with the existing community character. † NO ✔ † YES (See Part 1. C.2, C.3, D.2, E.3) If “Yes”, answer questions a - g. If “No”, proceed to Part 3. Relevant No, or Moderate Part I small to large Question(s) impact impact may may occur occur a. The proposed action may replace or eliminate existing facilities, structures, or areas E3e, E3f, E3g 9 9 of historic importance to the community. b. The proposed action may create a demand for additional community services (e.g. C4 9 9 schools, police and fire) c. The proposed action may displace affordable or low-income housing in an area where C2, C3, D1f 9 9 there is a shortage of such housing. D1g, E1a d. The proposed action may interfere with the use or enjoyment of officially recognized C2, E3 9 9 or designated public resources. e. The proposed action is inconsistent with the predominant architectural scale and C2, C3 9 9 character. f. Proposed action is inconsistent with the character of the existing natural landscape. C2, C3 9 9 E1a, E1b E2g, E2h g. Other impacts: ______________________________________________________ 9 9 __________________________________________________________________ PRINT FULL FORM Page 10 of 10 Page 137 Page 138 Page 139 Rent Survey Report PRINT FULL FORM Page 10 of 10 Page 137 Page 138 Page 139 Rent Survey Report 100 Suburban Park Dr Suburban Park Apartments 128 Unit Apartment Building Manlius, New York - Outer S Onondaga County Neighborhood 100 Suburban Park Dr Suburban Park Apartments 128 Unit Apartment Building Manlius, New York - Outer S Onondaga County Neighborhood PREPARED BY Patrick Wayne Senior Page Sales 140 Executive, CRE PREPARED BY Patrick Wayne Senior Page Sales 140 Executive, CRE 100 Suburban Park Dr 100 Suburban Park Dr SUBJECT PROPERTY Property Details 1 SUBJECT PROPERTY Property Details 1 RENT COMPS Map & List 8 Photo Comparison 10 Rent Comps Details 12 Unit Mix Summary 36 Ranking Chart By Bedroom 37 Changes in Rent Comps 39 Rent Trend Charts 42 RentTrend Data 47 RENT COMPS Map & List 8 Photo Comparison 10 Rent Comps Details 12 Unit Mix Summary 36 Ranking Chart By Bedroom 37 Changes in Rent Comps 39 Rent Trend Charts 42 RentTrend Data 47 CONSTRUCTION Overall Construction Map & Summary 49 Under Construction Map & List 50 Under Construction Details 52 Deliveries Past 12 Months Map & List 53 Delivered Property Details 55 Construction Summary 56 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 141 Subject Property CONSTRUCTION Overall Construction Map & Summary 49 Under Construction Map & List 50 Under Construction Details 52 Deliveries Past 12 Months Map & List 53 Delivered Property Details 55 Construction Summary 56 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 141 Subject Property 100 Suburban Park Dr - Suburban Park Apartments Manlius, New York - Outer S Onondaga County Neighborhood PROPERTY PROPERTY MANAGER No. of Units: 128 Empire Management Co. - Suburban Park A… Stories: 2 (315) 692-0584 Avg. Unit Size: 975 SF Type: Apartments - All Rent Type: Market OWNER Year Built: - Empire Management Company Parking: 144 Spaces; 1.1 per U… Distance to Transit: - 100 Suburban Park Dr - Suburban Park Apartments Manlius, New York - Outer S Onondaga County Neighborhood PROPERTY PROPERTY MANAGER No. of Units: 128 Empire Management Co. - Suburban Park A… Stories: 2 (315) 692-0584 Avg. Unit Size: 975 SF Type: Apartments - All Rent Type: Market OWNER Year Built: - Empire Management Company Parking: 144 Spaces; 1.1 per U… Distance to Transit: - ASKING RENTS PER UNIT/SF VACANCY 12 MONTH ABSORPTION Current: $1,363 $1.40 /SF Current: 0.0% 0 Units Current: 0 Units Last Quarter: $1,364 $1.40 /SF Last Quarter: 0.0% 0 Units Competitor Total: 45 Units Year Ago: $1,350 $1.38 /SF Year Ago: 0.0% 0 Units Competitor Avg: 2.8 Units Competitors: $1,096 $1.13 /SF Competitors: 3.4% 137 Units Submarket Total: 12 Units Submarket: $1,316 $1.41 /SF Submarket: 3.2% 112 Units Submarket Avg: 0.2 Units ASKING RENTS PER UNIT/SF VACANCY 12 MONTH ABSORPTION Current: $1,363 $1.40 /SF Current: 0.0% 0 Units Current: 0 Units Last Quarter: $1,364 $1.40 /SF Last Quarter: 0.0% 0 Units Competitor Total: 45 Units Year Ago: $1,350 $1.38 /SF Year Ago: 0.0% 0 Units Competitor Avg: 2.8 Units Competitors: $1,096 $1.13 /SF Competitors: 3.4% 137 Units Submarket Total: 12 Units Submarket: $1,316 $1.41 /SF Submarket: 3.2% 112 Units Submarket Avg: 0.2 Units UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 900 32 25.0% 0 0.0% $1,212 $1.35 $1,208 $1.34 0.3% 2 2 1,000 96 75.0% 0 0.0% $1,413 $1.41 $1,410 $1.41 0.2% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 900 32 25.0% 0 0.0% $1,212 $1.35 $1,208 $1.34 0.3% All 2 Beds 1,000 96 75.0% 0 0.0% $1,413 $1.41 $1,410 $1.41 0.2% Totals 975 128 100% 0 0.0% $1,363 $1.40 $1,360 $1.39 0.2% Estimate UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 900 32 25.0% 0 0.0% $1,212 $1.35 $1,208 $1.34 0.3% 2 2 1,000 96 75.0% 0 0.0% $1,413 $1.41 $1,410 $1.41 0.2% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 900 32 25.0% 0 0.0% $1,212 $1.35 $1,208 $1.34 0.3% All 2 Beds 1,000 96 75.0% 0 0.0% $1,413 $1.41 $1,410 $1.41 0.2% Totals 975 128 100% 0 0.0% $1,363 $1.40 $1,360 $1.39 0.2% Estimate SITE AMENITIES 24 Hour Access Clubhouse Grill Maintenance on site Property Manager on Site Tennis Court Walking/Biking Trails SITE AMENITIES 24 Hour Access Clubhouse Grill Maintenance on site Property Manager on Site Tennis Court Walking/Biking Trails UNIT AMENITIES Carpet Dining Room Dishwasher Disposal Hardwood Floors Heating Kitchen Refrigerator UNIT AMENITIES Carpet Dining Room Dishwasher Disposal Hardwood Floors Heating Kitchen Refrigerator RECURRING EXPENSES Dog Rent $50 Cat Rent $25 Free Unassigned Surface Lot Parking Storage Fee $35 Free Water, Heat, Trash Removal 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 2 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 142 Subject Property RECURRING EXPENSES Dog Rent $50 Cat Rent $25 Free Unassigned Surface Lot Parking Storage Fee $35 Free Water, Heat, Trash Removal 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 2 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 142 Subject Property PET POLICY Dog Allowed $50/Mo, 1 Maximum, 40 lb. Maximum Restrictions: Some restrictions may apply. Dog must be family friendly breed, spayed or neutered with current with vaccinations. $50/Dog pet rent is required in addition to your monthly rent. Cat Allowed $25/Mo, 1 Maximum Must spayed or neutered with current vaccinations. $25/Cat pet rent is required in addition to your monthly rent. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 3 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 143 Dog Allowed $50/Mo, 1 Maximum, 40 lb. Maximum Subject Property Restrictions: Some restrictions may apply. Dog must be family friendly breed, spayed or neutered with current with vaccinations. $50/Dog pet rent is required in addition to your monthly rent. Cat Allowed $25/Mo, 1 Maximum Must spayed or neutered with current vaccinations. $25/Cat pet rent is required in addition to your monthly rent. PET POLICY Dog Allowed $50/Mo, 1 Maximum, 40 lb. Maximum Restrictions: Some restrictions may apply. Dog must be family friendly breed, spayed or neutered with current with vaccinations. $50/Dog pet rent is required in addition to your monthly rent. Cat Allowed $25/Mo, 1 Maximum Must spayed or neutered with current vaccinations. $25/Cat pet rent is required in addition to your monthly rent. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 3 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 143 Dog Allowed $50/Mo, 1 Maximum, 40 lb. Maximum Subject Property Restrictions: Some restrictions may apply. Dog must be family friendly breed, spayed or neutered with current with vaccinations. $50/Dog pet rent is required in addition to your monthly rent. Cat Allowed $25/Mo, 1 Maximum Must spayed or neutered with current vaccinations. $25/Cat pet rent is required in addition to your monthly rent. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 4 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 144 Dog Allowed $50/Mo, 1 Maximum, 40 lb. Maximum Restrictions: Some restrictions may apply. Subject Property Dog must be family friendly breed, spayed or neutered with current with vaccinations. $50/Dog pet rent is required in addition to your monthly rent. Cat Allowed $25/Mo, 1 Maximum Must spayed or neutered with current vaccinations. $25/Cat pet rent is required in addition to your monthly rent. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 5 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 145 Subject Property 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 4 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 144 Dog Allowed $50/Mo, 1 Maximum, 40 lb. Maximum Restrictions: Some restrictions may apply. Subject Property Dog must be family friendly breed, spayed or neutered with current with vaccinations. $50/Dog pet rent is required in addition to your monthly rent. Cat Allowed $25/Mo, 1 Maximum Must spayed or neutered with current vaccinations. $25/Cat pet rent is required in addition to your monthly rent. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 5 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 145 Subject Property Primary Building Building Building 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 6 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 146 Subject Property Interior Interior Interior Building 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 7 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 147 Rent Comparables Primary Building Building Building 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 6 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 146 Subject Property Interior Interior Interior Building 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 7 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 147 Rent Comparables 100 Suburban Park Dr Suburban Park Apartments 128 Unit Apartment Building Manlius, New York - Outer S Onondaga County Neighborhood 100 Suburban Park Dr Suburban Park Apartments 128 Unit Apartment Building Manlius, New York - Outer S Onondaga County Neighborhood PREPARED BY Patrick Wayne Senior Page Sales 148 Executive, CRE Rent Comparables Summary 100 Suburban Park Dr No. Rent Comps Avg. Rent Per Unit Avg. Rent Per SF Avg. Vacancy Rate 17 $1,099 $1.13 4.8% RENT COMP LOCATIONS PREPARED BY Patrick Wayne Senior Page Sales 148 Executive, CRE Rent Comparables Summary 100 Suburban Park Dr No. Rent Comps Avg. Rent Per Unit Avg. Rent Per SF Avg. Vacancy Rate 17 $1,099 $1.13 4.8% RENT COMP LOCATIONS RENT COMPS SUMMARY STATISTICS Unit Breakdown Low Average Median High Total Units 4 245 231 761 Studio Units 0 3 0 42 One Bedroom Units 0 83 60 228 Two Bedroom Units 3 133 124 383 Three Bedroom Units 0 25 0 162 Property Attributes Low Average Median High Year Built 1943 1982 1973 2021 Number of Floors 2 3 3 15 Average Unit Size SF 745 963 963 1,245 Vacancy Rate 0.0% 4.8% 1.6% 60.2% RENT COMPS SUMMARY STATISTICS Unit Breakdown Low Average Median High Total Units 4 245 231 761 Studio Units 0 3 0 42 One Bedroom Units 0 83 60 228 Two Bedroom Units 3 133 124 383 Three Bedroom Units 0 25 0 162 Property Attributes Low Average Median High Year Built 1943 1982 1973 2021 Number of Floors 2 3 3 15 Average Unit Size SF 745 963 963 1,245 Vacancy Rate 0.0% 4.8% 1.6% 60.2% Star Rating 2.8 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 9 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 149 Rent Comparables Summary 100 Suburban Park Dr Property Size Asking Rent Per Month Per Unit Property Name/Address Rating Yr Built Units Avg Unit SF Studio 1 Bed 2 Bed 3 Bed Rent/SF Star Rating 2.8 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 9 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 149 Rent Comparables Summary 100 Suburban Park Dr Property Size Asking Rent Per Month Per Unit Property Name/Address Rating Yr Built Units Avg Unit SF Studio 1 Bed 2 Bed 3 Bed Rent/SF The Lofts at Madison Ro… 1 - 2015 4 760 - $1,291 $1,360 - $1.77 7650 Highbridge Rd Rivers Pointe Apartments 2 - 2014 416 994 - $1,267 $1,824 $2,782 $1.63 3801 Rivers Pointe Way Suburban Park Apartments - - 128 975 - $1,212 $1,413 - $1.40 100 Suburban Park Dr Clarendon Heights 3 - 1973 256 794 - $954 $1,151 - $1.32 508 Ivy Ridge Rd High Acres 4 - 1986 348 1,058 - $1,083 $1,466 $1,769 $1.27 5111 Ball Rd Grenadier Village 5 - 1980 534 884 - $888 $1,046 $1,197 $1.17 100 Kings Park Dr Regency Tower 6 - 1963 238 1,027 $908 $1,197 $1,188 $1,406 $1.17 770 James St Westminster Place 7 - 1973 260 917 - $1,022 $1,065 - $1.15 7475 Morgan Rd Village Green 8 - 1984 50 975 - - $1,095 - $1.12 100 S Village Blvd Center Pointe at Radisson 9 - 2001 120 498 - $984 $1,253 $1,555 $1.09 8927 Center Pointe Dr Manlius Academy Apartm… 10 - 1943 172 745 $650 $750 $893 - $1.06 4719 Kehoe Ln Carriage House East 11 - 1972 180 952 - $886 $1,030 - $1.03 311 W Seneca St Swiss Village Apartments 12 - 1965 231 796 - $752 $839 $910 $1.01 99 Alpine Dr Nob Hill Apartments 13 - 1970 761 976 - $873 $961 $1,080 $0.98 101 Lafayette Rd Fayetteville Pines Townh… 14 - 1973 78 935 - $704 $994 - $0.96 510-550 Warren St Wildwood Ridge Apartme… 15 - 1973 268 1,238 - $880 $985 $1,600 $0.84 5100 Highbridge St Townhouse East 16 - - 142 1,100 - - $920 - $0.84 128 W Pleasant St Tulip Ridge Apartments 17 - 2021 108 - - $1,025 $1,400 - - 1225 Tulip St The Lofts at Madison Ro… 1 - 2015 4 760 - $1,291 $1,360 - $1.77 7650 Highbridge Rd Rivers Pointe Apartments 2 - 2014 416 994 - $1,267 $1,824 $2,782 $1.63 3801 Rivers Pointe Way Suburban Park Apartments - - 128 975 - $1,212 $1,413 - $1.40 100 Suburban Park Dr Clarendon Heights 3 - 1973 256 794 - $954 $1,151 - $1.32 508 Ivy Ridge Rd High Acres 4 - 1986 348 1,058 - $1,083 $1,466 $1,769 $1.27 5111 Ball Rd Grenadier Village 5 - 1980 534 884 - $888 $1,046 $1,197 $1.17 100 Kings Park Dr Regency Tower 6 - 1963 238 1,027 $908 $1,197 $1,188 $1,406 $1.17 770 James St Westminster Place 7 - 1973 260 917 - $1,022 $1,065 - $1.15 7475 Morgan Rd Village Green 8 - 1984 50 975 - - $1,095 - $1.12 100 S Village Blvd Center Pointe at Radisson 9 - 2001 120 498 - $984 $1,253 $1,555 $1.09 8927 Center Pointe Dr Manlius Academy Apartm… 10 - 1943 172 745 $650 $750 $893 - $1.06 4719 Kehoe Ln Carriage House East 11 - 1972 180 952 - $886 $1,030 - $1.03 311 W Seneca St Swiss Village Apartments 12 - 1965 231 796 - $752 $839 $910 $1.01 99 Alpine Dr Nob Hill Apartments 13 - 1970 761 976 - $873 $961 $1,080 $0.98 101 Lafayette Rd Fayetteville Pines Townh… 14 - 1973 78 935 - $704 $994 - $0.96 510-550 Warren St Wildwood Ridge Apartme… 15 - 1973 268 1,238 - $880 $985 $1,600 $0.84 5100 Highbridge St Townhouse East 16 - - 142 1,100 - - $920 - $0.84 128 W Pleasant St Tulip Ridge Apartments 17 - 2021 108 - - $1,025 $1,400 - - 1225 Tulip St 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 10 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 150 Rent Comparables Photo Comparison 100 Suburban Park Dr Subject Property 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 10 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 150 Rent Comparables Photo Comparison 100 Suburban Park Dr Subject Property 1 The Lofts at Madison Row A… 2 Rivers Pointe Apartments Suburban Park Apartments 7650 Highbridge Rd 3801 Rivers Pointe Way 100 Suburban Park Dr 4 Units / 2 Stories 416 Units / 3 Stories 128 Units / 2 Stories Rent/SF $1.77, Vacancy 0% Rent/SF $1.63, Vacancy 2.9% Rent/SF $1.40, Vacancy 0% Owner: Morgan Communities Owner: SteepRock Capital, LLC Owner: Empire Management Company 3 Clarendon Heights 4 High Acres 5 Grenadier Village 508 Ivy Ridge Rd 5111 Ball Rd 100 Kings Park Dr 256 Units / 3 Stories 348 Units / 2 Stories 534 Units / 2 Stories Rent/SF $1.32, Vacancy 0% Rent/SF $1.27, Vacancy 1.7% Rent/SF $1.17, Vacancy 0% Owner: DLH Properties Owner: Morgan Properties Owner: East Coast Properties 6 Regency Tower 7 Westminster Place 8 Village Green 1 The Lofts at Madison Row A… 2 Rivers Pointe Apartments Suburban Park Apartments 7650 Highbridge Rd 3801 Rivers Pointe Way 100 Suburban Park Dr 4 Units / 2 Stories 416 Units / 3 Stories 128 Units / 2 Stories Rent/SF $1.77, Vacancy 0% Rent/SF $1.63, Vacancy 2.9% Rent/SF $1.40, Vacancy 0% Owner: Morgan Communities Owner: SteepRock Capital, LLC Owner: Empire Management Company 3 Clarendon Heights 4 High Acres 5 Grenadier Village 508 Ivy Ridge Rd 5111 Ball Rd 100 Kings Park Dr 256 Units / 3 Stories 348 Units / 2 Stories 534 Units / 2 Stories Rent/SF $1.32, Vacancy 0% Rent/SF $1.27, Vacancy 1.7% Rent/SF $1.17, Vacancy 0% Owner: DLH Properties Owner: Morgan Properties Owner: East Coast Properties 6 Regency Tower 7 Westminster Place 8 Village Green 770 James St 7475 Morgan Rd 100 S Village Blvd 238 Units / 15 Stories 260 Units / 2 Stories 50 Units / 2 Stories Rent/SF $1.17, Vacancy 9.2% Rent/SF $1.15, Vacancy 3.1% Rent/SF $1.12, Vacancy 0% Owner: Interfaith Works Of Center Owner: DHM Properties Owner: DHM Properties 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 11 Page 151 Rent Comparables Photo Comparison 100 Suburban Park Dr 9 Center Pointe at Radisson 10 Manlius Academy Apartments 11 Carriage House East 770 James St 7475 Morgan Rd 100 S Village Blvd 238 Units / 15 Stories 260 Units / 2 Stories 50 Units / 2 Stories Rent/SF $1.17, Vacancy 9.2% Rent/SF $1.15, Vacancy 3.1% Rent/SF $1.12, Vacancy 0% Owner: Interfaith Works Of Center Owner: DHM Properties Owner: DHM Properties 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 11 Page 151 Rent Comparables Photo Comparison 100 Suburban Park Dr 9 Center Pointe at Radisson 10 Manlius Academy Apartments 11 Carriage House East 8927 Center Pointe Dr 4719 Kehoe Ln 311 W Seneca St 120 Units / 2 Stories 172 Units / 3 Stories 180 Units / 3 Stories Rent/SF $1.09, Vacancy 0% Rent/SF $1.06, Vacancy 0% Rent/SF $1.03, Vacancy 1.1% Owner: Fava Realty Owner: Berkley Properties LLC Owner: Valenti Real Estate 12 Swiss Village Apartments 13 Nob Hill Apartments 14 Fayetteville Pines Townhou… 99 Alpine Dr 101 Lafayette Rd 510-550 Warren St 231 Units / 3 Stories 761 Units / 4 Stories 78 Units / 2 Stories Rent/SF $1.01, Vacancy 4.3% Rent/SF $0.98, Vacancy 6.3% Rent/SF $0.96, Vacancy 1.3% Owner: Bridgeton Holdings Urban Re… Owner: Sinatra and Company Owner: Fayetteville Pines 15 Wildwood Ridge Apartments 16 Townhouse East 17 Tulip Ridge Apartments 8927 Center Pointe Dr 4719 Kehoe Ln 311 W Seneca St 120 Units / 2 Stories 172 Units / 3 Stories 180 Units / 3 Stories Rent/SF $1.09, Vacancy 0% Rent/SF $1.06, Vacancy 0% Rent/SF $1.03, Vacancy 1.1% Owner: Fava Realty Owner: Berkley Properties LLC Owner: Valenti Real Estate 12 Swiss Village Apartments 13 Nob Hill Apartments 14 Fayetteville Pines Townhou… 99 Alpine Dr 101 Lafayette Rd 510-550 Warren St 231 Units / 3 Stories 761 Units / 4 Stories 78 Units / 2 Stories Rent/SF $1.01, Vacancy 4.3% Rent/SF $0.98, Vacancy 6.3% Rent/SF $0.96, Vacancy 1.3% Owner: Bridgeton Holdings Urban Re… Owner: Sinatra and Company Owner: Fayetteville Pines 15 Wildwood Ridge Apartments 16 Townhouse East 17 Tulip Ridge Apartments 5100 Highbridge St 128 W Pleasant St 1225 Tulip St 268 Units / 3 Stories 142 Units / 2 Stories 108 Units / 3 Stories Rent/SF $0.84, Vacancy 10.1% Rent/SF $0.84, Vacancy 0% Rent/SF -, Vacancy 60.2% Owner: Petro Gurskyi Owner: Morris Management Owner: Syracuse Premier Apartments 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 12 Page 152 Rent Comparables 100 Suburban Park Dr 1 7650 Highbridge Rd - The Lofts at Madison Row Apartments Manlius, New York - Outer S Onondaga County Neighborhood 5100 Highbridge St 128 W Pleasant St 1225 Tulip St 268 Units / 3 Stories 142 Units / 2 Stories 108 Units / 3 Stories Rent/SF $0.84, Vacancy 10.1% Rent/SF $0.84, Vacancy 0% Rent/SF -, Vacancy 60.2% Owner: Petro Gurskyi Owner: Morris Management Owner: Syracuse Premier Apartments 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 12 Page 152 Rent Comparables 100 Suburban Park Dr 1 7650 Highbridge Rd - The Lofts at Madison Row Apartments Manlius, New York - Outer S Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 4 Units, 2 Floors - Avg. Unit Size: 760 SF - Year Built: 2015 Type: Apartments - All OWNER Rent Type: Market - Parking: - Distance to Subject: 1.30 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 4 Units, 2 Floors - Avg. Unit Size: 760 SF - Year Built: 2015 Type: Apartments - All OWNER Rent Type: Market - Parking: - Distance to Subject: 1.30 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 686 1 25.0% 0 0.0% $1,291 $1.88 $1,288 $1.88 0.2% 2 2 785 3 75.0% 0 0.0% $1,360 $1.73 $1,356 $1.73 0.2% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 686 1 25.0% 0 0.0% $1,291 $1.88 $1,288 $1.88 0.2% All 2 Beds 785 3 75.0% 0 0.0% $1,360 $1.73 $1,356 $1.73 0.2% Totals 760 4 100% 0 0.0% $1,343 $1.77 $1,339 $1.76 0.2% Estimate Updated July 04, 2021 UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 686 1 25.0% 0 0.0% $1,291 $1.88 $1,288 $1.88 0.2% 2 2 785 3 75.0% 0 0.0% $1,360 $1.73 $1,356 $1.73 0.2% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 686 1 25.0% 0 0.0% $1,291 $1.88 $1,288 $1.88 0.2% All 2 Beds 785 3 75.0% 0 0.0% $1,360 $1.73 $1,356 $1.73 0.2% Totals 760 4 100% 0 0.0% $1,343 $1.77 $1,339 $1.76 0.2% Estimate Updated July 04, 2021 PET POLICY No Pets Allowed 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 13 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 153 Rent Comparables 100 Suburban Park Dr 2 3801 Rivers Pointe Way - Rivers Pointe Apartments Liverpool, New York - Outer NE Onondaga County Neighborhood PET POLICY No Pets Allowed 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 13 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 153 Rent Comparables 100 Suburban Park Dr 2 3801 Rivers Pointe Way - Rivers Pointe Apartments Liverpool, New York - Outer NE Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 416 Units, 3 Floors Rivers Pointe Apartments Avg. Unit Size: 993 SF (315) 409-4410 Year Built: 2014 Type: Apartments - All OWNER Rent Type: Market Purchased Jan 2020 Parking: 832 Spaces; 2.0 per Unit $31,346,009 ($75,351/Unit) Distance to Subject: 19.66 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 416 Units, 3 Floors Rivers Pointe Apartments Avg. Unit Size: 993 SF (315) 409-4410 Year Built: 2014 Type: Apartments - All OWNER Rent Type: Market Purchased Jan 2020 Parking: 832 Spaces; 2.0 per Unit $31,346,009 ($75,351/Unit) Distance to Subject: 19.66 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 797 63 15.1% 1 1.6% $1,310 $1.64 $1,304 $1.64 0.5% 1 1 877 58 13.9% 0 0.0% $1,233 $1.41 $1,227 $1.40 0.5% 1 1 949 58 13.9% 0 0.0% $1,253 $1.32 $1,247 $1.31 0.5% 2 2 977 17 4.1% 3 17.7% $1,621 $1.66 $1,613 $1.65 0.5% 2 2 1,012 37 8.9% 9 24.3% $1,779 $1.76 $1,771 $1.75 0.5% 2 2 1,015 37 8.9% 2 5.4% $1,675 $1.65 $1,667 $1.64 0.5% 2 2 1,058 27 6.5% 4 14.8% $1,789 $1.69 $1,781 $1.68 0.5% 2 2 1,076 27 6.5% 5 18.5% $2,457 $2.28 $2,445 $2.27 0.5% 2 2 1,106 27 6.5% 3 11.1% $1,695 $1.53 $1,687 $1.53 0.5% 2 2 1,109 27 6.5% 5 18.5% $1,701 $1.53 $1,693 $1.53 0.5% 2 2 1,190 17 4.1% 7 41.2% $1,916 $1.61 $1,907 $1.60 0.5% 2 2 1,203 4 1.0% 4 100% $1,776 $1.48 $1,768 $1.47 0.5% 3 2 1,327 11 2.6% 1 9.1% $2,876 $2.17 $2,862 $2.16 0.5% 3 2 1,429 3 0.7% 2 66.7% $2,665 $1.86 $2,652 $1.86 0.5% 3 2 1,479 3 0.7% 0 0.0% $2,553 $1.73 $2,541 $1.72 0.5% UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 797 63 15.1% 1 1.6% $1,310 $1.64 $1,304 $1.64 0.5% 1 1 877 58 13.9% 0 0.0% $1,233 $1.41 $1,227 $1.40 0.5% 1 1 949 58 13.9% 0 0.0% $1,253 $1.32 $1,247 $1.31 0.5% 2 2 977 17 4.1% 3 17.7% $1,621 $1.66 $1,613 $1.65 0.5% 2 2 1,012 37 8.9% 9 24.3% $1,779 $1.76 $1,771 $1.75 0.5% 2 2 1,015 37 8.9% 2 5.4% $1,675 $1.65 $1,667 $1.64 0.5% 2 2 1,058 27 6.5% 4 14.8% $1,789 $1.69 $1,781 $1.68 0.5% 2 2 1,076 27 6.5% 5 18.5% $2,457 $2.28 $2,445 $2.27 0.5% 2 2 1,106 27 6.5% 3 11.1% $1,695 $1.53 $1,687 $1.53 0.5% 2 2 1,109 27 6.5% 5 18.5% $1,701 $1.53 $1,693 $1.53 0.5% 2 2 1,190 17 4.1% 7 41.2% $1,916 $1.61 $1,907 $1.60 0.5% 2 2 1,203 4 1.0% 4 100% $1,776 $1.48 $1,768 $1.47 0.5% 3 2 1,327 11 2.6% 1 9.1% $2,876 $2.17 $2,862 $2.16 0.5% 3 2 1,429 3 0.7% 2 66.7% $2,665 $1.86 $2,652 $1.86 0.5% 3 2 1,479 3 0.7% 0 0.0% $2,553 $1.73 $2,541 $1.72 0.5% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 872 179 43.0% 1 0.6% $1,267 $1.45 $1,261 $1.45 0.5% All 2 Beds 1,064 220 52.9% 42 19.1% $1,824 $1.71 $1,816 $1.71 0.5% All 3 Beds 1,372 17 4.1% 3 17.7% $2,782 $2.03 $2,768 $2.02 0.5% Totals 994 416 100% 46 11.1% $1,623 $1.63 $1,616 $1.63 0.5% Estimate Updated July 12, 2021 Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 872 179 43.0% 1 0.6% $1,267 $1.45 $1,261 $1.45 0.5% All 2 Beds 1,064 220 52.9% 42 19.1% $1,824 $1.71 $1,816 $1.71 0.5% All 3 Beds 1,372 17 4.1% 3 17.7% $2,782 $2.03 $2,768 $2.02 0.5% Totals 994 416 100% 46 11.1% $1,623 $1.63 $1,616 $1.63 0.5% Estimate Updated July 12, 2021 SITE AMENITIES 24 Hour Access, Business Center, Fitness Center, Media Center/Movie Theatre, Pool, Property Manager on Site, Tanning Salon SITE AMENITIES 24 Hour Access, Business Center, Fitness Center, Media Center/Movie Theatre, Pool, Property Manager on Site, Tanning Salon UNIT AMENITIES Air Conditioning, Balcony, Ceiling Fans, Den, Granite Countertops, Microwave, Security System, Washer/Dryer, Wi-Fi UNIT AMENITIES Air Conditioning, Balcony, Ceiling Fans, Den, Granite Countertops, Microwave, Security System, Washer/Dryer, Wi-Fi RECURRING EXPENSES Dog Rent $60 Cat Rent $60 Free Cable 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 14 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 154 Rent Comparables 100 Suburban Park Dr RECURRING EXPENSES Dog Rent $60 Cat Rent $60 Free Cable 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 14 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 154 Rent Comparables 100 Suburban Park Dr ONE TIME EXPENSES Dog Fee $399-499 Cat Fee $399-499 Admin Fee $499 Application Fee $20 ONE TIME EXPENSES Dog Fee $399-499 Cat Fee $399-499 Admin Fee $499 Application Fee $20 PET POLICY Dog Allowed One-Time Fee: $399-499, $60/Mo, 2 Maximum Restrictions: Breed Restrictions Apply: Akita, Chow, Doberman, Hybrid wolf, Pitbull/Staffordshire terrier, Rottweiler, and any mixed breeds of the above mentioned. Please keep in mind that all pets are subject to approval from management. We allow up to 2 pets per apartment home. There is a non-refundable pet fee of $399 for one pet and $499 for two pets. Please keep in mind that all pets are subject to approval from management. Please call our Leasing Office for complete Pet Polic... Cat Allowed One-Time Fee: $399-499, $60/Mo, 2 Maximum Restrictions: Breed Restrictions Apply: Akita, Chow, Doberman, Hybrid wolf, Pitbull/Staffordshire terrier, Rottweiler, and any mixed breeds of the above mentioned. Please keep in mind that all pets are subject to approval from management. We allow up to 2 pets per apartment home. There is a non-refundable pet fee of $399 for one pet and $499 for two pets. Please keep in mind that all pets are subject to approval from management. Please call our Leasing Office for complete Pet Polic... PET POLICY Dog Allowed One-Time Fee: $399-499, $60/Mo, 2 Maximum Restrictions: Breed Restrictions Apply: Akita, Chow, Doberman, Hybrid wolf, Pitbull/Staffordshire terrier, Rottweiler, and any mixed breeds of the above mentioned. Please keep in mind that all pets are subject to approval from management. We allow up to 2 pets per apartment home. There is a non-refundable pet fee of $399 for one pet and $499 for two pets. Please keep in mind that all pets are subject to approval from management. Please call our Leasing Office for complete Pet Polic... Cat Allowed One-Time Fee: $399-499, $60/Mo, 2 Maximum Restrictions: Breed Restrictions Apply: Akita, Chow, Doberman, Hybrid wolf, Pitbull/Staffordshire terrier, Rottweiler, and any mixed breeds of the above mentioned. Please keep in mind that all pets are subject to approval from management. We allow up to 2 pets per apartment home. There is a non-refundable pet fee of $399 for one pet and $499 for two pets. Please keep in mind that all pets are subject to approval from management. Please call our Leasing Office for complete Pet Polic... 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 15 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 155 Rent Comparables 100 Suburban Park Dr 3 508 Ivy Ridge Rd - Clarendon Heights Syracuse, New York - Eastside Neighborhood 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 15 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 155 Rent Comparables 100 Suburban Park Dr 3 508 Ivy Ridge Rd - Clarendon Heights Syracuse, New York - Eastside Neighborhood PROPERTY PROPERTY MANAGER Property Size: 256 Units, 3 Floors DLH - Clarendon Heights Apartments Avg. Unit Size: 794 SF (315) 478-4600 Year Built: 1973 Renov 1985 Type: Apartments - All OWNER Rent Type: Market Purchased Sep 2012 Parking: 800 Spaces; 3.1 per Unit $9,100,000 ($35,547/Unit) Distance to Subject: 8.72 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 256 Units, 3 Floors DLH - Clarendon Heights Apartments Avg. Unit Size: 794 SF (315) 478-4600 Year Built: 1973 Renov 1985 Type: Apartments - All OWNER Rent Type: Market Purchased Sep 2012 Parking: 800 Spaces; 3.1 per Unit $9,100,000 ($35,547/Unit) Distance to Subject: 8.72 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 560 9 3.5% 0 0.0% $887 $1.58 $885 $1.58 0.3% 1 1 750 108 42.2% 4 3.7% $948 $1.26 $945 $1.26 0.3% 1 1 775 12 4.7% 1 8.3% $1,061 $1.37 $1,059 $1.37 0.3% 2 1 850 127 49.6% 9 7.1% $1,151 $1.35 $1,148 $1.35 0.2% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 560 9 3.5% 0 0.0% $887 $1.58 $885 $1.58 0.3% 1 1 750 108 42.2% 4 3.7% $948 $1.26 $945 $1.26 0.3% 1 1 775 12 4.7% 1 8.3% $1,061 $1.37 $1,059 $1.37 0.3% 2 1 850 127 49.6% 9 7.1% $1,151 $1.35 $1,148 $1.35 0.2% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 739 129 50.4% 5 3.9% $954 $1.29 $952 $1.29 0.3% All 2 Beds 850 127 49.6% 9 7.1% $1,151 $1.35 $1,148 $1.35 0.2% Totals 794 256 100% 14 5.5% $1,052 $1.32 $1,049 $1.32 0.2% Estimate Updated July 21, 2021 All 1 Beds 739 129 50.4% 5 3.9% $954 $1.29 $952 $1.29 0.3% All 2 Beds 850 127 49.6% 9 7.1% $1,151 $1.35 $1,148 $1.35 0.2% Totals 794 256 100% 14 5.5% $1,052 $1.32 $1,049 $1.32 0.2% Estimate Updated July 21, 2021 SITE AMENITIES Fitness Center, Maintenance on site, Package Service, Property Manager on Site, Storage Space, Sundeck SITE AMENITIES Fitness Center, Maintenance on site, Package Service, Property Manager on Site, Storage Space, Sundeck UNIT AMENITIES Air Conditioning, Cable Ready, Carpet, Dining Room, Dishwasher, Disposal, Hardwood Floors, Heating, Kitchen, Range, Tub/Shower, Window Coverings UNIT AMENITIES Air Conditioning, Cable Ready, Carpet, Dining Room, Dishwasher, Disposal, Hardwood Floors, Heating, Kitchen, Range, Tub/Shower, Window Coverings RECURRING EXPENSES Dog Rent $40 Cat Rent $30 Free Unassigned Surface Lot Parking RECURRING EXPENSES Dog Rent $40 Cat Rent $30 Free Unassigned Surface Lot Parking ONE TIME EXPENSES Dog Fee $300 Cat Fee $300 Application Fee $20 ONE TIME EXPENSES Dog Fee $300 Cat Fee $300 Application Fee $20 PET POLICY Dog Allowed One-Time Fee: $300-300, $40/Mo, 2 Maximum, 25 lb. Maximum Small Dogs Only Cat Allowed One-Time Fee: $300-300, $30/Mo, 2 Maximum 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 16 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 156 Rent Comparables 100 Suburban Park Dr 4 5111 Ball Rd - High Acres Syracuse, New York - Outer S Onondaga County Neighborhood PET POLICY Dog Allowed One-Time Fee: $300-300, $40/Mo, 2 Maximum, 25 lb. Maximum Small Dogs Only Cat Allowed One-Time Fee: $300-300, $30/Mo, 2 Maximum 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 16 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 156 Rent Comparables 100 Suburban Park Dr 4 5111 Ball Rd - High Acres Syracuse, New York - Outer S Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 348 Units, 2 Floors Morgan - High Acres Avg. Unit Size: 1,057 SF (315) 475-9501 Year Built: 1986 Type: Apartments - All OWNER Rent Type: Market Purchased Oct 2019 Parking: 684 Spaces; 2.0 per Unit Not Disclosed - Part of Portfolio Distance to Subject: 11.74 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 348 Units, 2 Floors Morgan - High Acres Avg. Unit Size: 1,057 SF (315) 475-9501 Year Built: 1986 Type: Apartments - All OWNER Rent Type: Market Purchased Oct 2019 Parking: 684 Spaces; 2.0 per Unit Not Disclosed - Part of Portfolio Distance to Subject: 11.74 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 608 38 10.9% 3 7.9% $945 $1.55 $942 $1.55 0.4% 1 1 653 40 11.5% 1 2.5% $1,175 $1.80 $1,171 $1.79 0.4% 1 1 698 20 5.7% 0 0.0% $1,134 $1.62 $1,130 $1.62 0.4% 1 1 1,003 14 4.0% 0 0.0% $1,123 $1.12 $1,119 $1.12 0.4% 2 1.5 808 20 5.7% 0 0.0% $1,089 $1.35 $1,085 $1.34 0.4% 2 1.5 844 25 7.2% 1 4.0% $1,405 $1.66 $1,400 $1.66 0.4% 2 1.5 854 20 5.7% 0 0.0% $1,314 $1.54 $1,309 $1.53 0.4% 2 1.5 860 20 5.7% 5 25.0% $1,110 $1.29 $1,106 $1.29 0.4% 2 1.5 1,003 22 6.3% 1 4.6% $1,260 $1.26 $1,255 $1.25 0.4% 2 1.5 1,055 27 7.8% 2 7.4% $1,475 $1.40 $1,469 $1.39 0.4% 2 1.5 1,650 50 14.4% 0 0.0% $1,764 $1.07 $1,757 $1.07 0.4% 2 1.5 1,668 50 14.4% 1 2.0% $1,640 $0.98 $1,634 $0.98 0.4% 3 1.5 1,440 2 0.6% 0 0.0% $1,769 $1.23 $1,762 $1.22 0.4% UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 608 38 10.9% 3 7.9% $945 $1.55 $942 $1.55 0.4% 1 1 653 40 11.5% 1 2.5% $1,175 $1.80 $1,171 $1.79 0.4% 1 1 698 20 5.7% 0 0.0% $1,134 $1.62 $1,130 $1.62 0.4% 1 1 1,003 14 4.0% 0 0.0% $1,123 $1.12 $1,119 $1.12 0.4% 2 1.5 808 20 5.7% 0 0.0% $1,089 $1.35 $1,085 $1.34 0.4% 2 1.5 844 25 7.2% 1 4.0% $1,405 $1.66 $1,400 $1.66 0.4% 2 1.5 854 20 5.7% 0 0.0% $1,314 $1.54 $1,309 $1.53 0.4% 2 1.5 860 20 5.7% 5 25.0% $1,110 $1.29 $1,106 $1.29 0.4% 2 1.5 1,003 22 6.3% 1 4.6% $1,260 $1.26 $1,255 $1.25 0.4% 2 1.5 1,055 27 7.8% 2 7.4% $1,475 $1.40 $1,469 $1.39 0.4% 2 1.5 1,650 50 14.4% 0 0.0% $1,764 $1.07 $1,757 $1.07 0.4% 2 1.5 1,668 50 14.4% 1 2.0% $1,640 $0.98 $1,634 $0.98 0.4% 3 1.5 1,440 2 0.6% 0 0.0% $1,769 $1.23 $1,762 $1.22 0.4% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 690 112 32.2% 4 3.6% $1,083 $1.57 $1,079 $1.57 0.4% All 2 Beds 1,231 234 67.2% 10 4.3% $1,466 $1.19 $1,461 $1.19 0.4% All 3 Beds 1,440 2 0.6% 0 0.0% $1,769 $1.23 $1,762 $1.22 0.4% Totals 1,058 348 100% 14 4.0% $1,345 $1.27 $1,340 $1.27 0.4% Estimate Updated July 21, 2021 Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 690 112 32.2% 4 3.6% $1,083 $1.57 $1,079 $1.57 0.4% All 2 Beds 1,231 234 67.2% 10 4.3% $1,466 $1.19 $1,461 $1.19 0.4% All 3 Beds 1,440 2 0.6% 0 0.0% $1,769 $1.23 $1,762 $1.22 0.4% Totals 1,058 348 100% 14 4.0% $1,345 $1.27 $1,340 $1.27 0.4% Estimate Updated July 21, 2021 SITE AMENITIES Fitness Center, Laundry Facilities, Pet Play Area, Playground, Pool, Sundeck SITE AMENITIES Fitness Center, Laundry Facilities, Pet Play Area, Playground, Pool, Sundeck UNIT AMENITIES Balcony, Dishwasher, Range, Refrigerator, Tub/Shower, Washer/Dryer UNIT AMENITIES Balcony, Dishwasher, Range, Refrigerator, Tub/Shower, Washer/Dryer RECURRING EXPENSES Dog Rent $35 Cat Rent $35 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 17 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 157 Rent Comparables 100 Suburban Park Dr RECURRING EXPENSES Dog Rent $35 Cat Rent $35 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 17 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 157 Rent Comparables 100 Suburban Park Dr ONE TIME EXPENSES Dog Fee $350 Cat Fee $350 ONE TIME EXPENSES Dog Fee $350 Cat Fee $350 PET POLICY Dog Allowed One-Time Fee: $350-350, $35/Mo, 2 Maximum Restrictions: Breed Restrictions Apply Maximum Two Pets per Home; Breed Restrictions Apply; All Pets Subject to Management Approval. Cat Allowed One-Time Fee: $350-350, $35/Mo, 2 Maximum Maximum Two Pets per Home; All Pets Subject to Management Approval. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 18 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 158 Rent Comparables 100 Suburban Park Dr 5 100 Kings Park Dr - Grenadier Village Liverpool, New York - Outer NE Onondaga County Neighborhood PET POLICY Dog Allowed One-Time Fee: $350-350, $35/Mo, 2 Maximum Restrictions: Breed Restrictions Apply Maximum Two Pets per Home; Breed Restrictions Apply; All Pets Subject to Management Approval. Cat Allowed One-Time Fee: $350-350, $35/Mo, 2 Maximum Maximum Two Pets per Home; All Pets Subject to Management Approval. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 18 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 158 Rent Comparables 100 Suburban Park Dr 5 100 Kings Park Dr - Grenadier Village Liverpool, New York - Outer NE Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 534 Units, 2 Floors East Coast Properties - Grenadier Village Avg. Unit Size: 884 SF (315) 622-2740 Year Built: 1980 Type: Apartments - All OWNER Rent Type: Market - Parking: 1600 Spaces; 3.0 per Unit Distance to Subject: 16.74 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 534 Units, 2 Floors East Coast Properties - Grenadier Village Avg. Unit Size: 884 SF (315) 622-2740 Year Built: 1980 Type: Apartments - All OWNER Rent Type: Market - Parking: 1600 Spaces; 3.0 per Unit Distance to Subject: 16.74 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 650 62 11.6% 0 0.0% $870 $1.34 $868 $1.34 0.3% 1 1 700 93 17.4% 1 1.1% $892 $1.27 $889 $1.27 0.3% 1 1 775 31 5.8% 0 0.0% $910 $1.17 $908 $1.17 0.3% 2 1 700 31 5.8% 0 0.0% $995 $1.42 $992 $1.42 0.3% 2 1 900 62 11.6% 1 1.6% $1,023 $1.14 $1,020 $1.13 0.3% 2 1.5 900 93 17.4% 1 1.1% $1,078 $1.20 $1,076 $1.20 0.3% 3 1 1,100 31 5.8% 0 0.0% $1,250 $1.14 $1,247 $1.13 0.3% 3 1.5 1,100 62 11.6% 0 0.0% $1,185 $1.08 $1,182 $1.07 0.3% 3 1.5 1,150 69 12.9% 1 1.5% $1,183 $1.03 $1,180 $1.03 0.3% UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 650 62 11.6% 0 0.0% $870 $1.34 $868 $1.34 0.3% 1 1 700 93 17.4% 1 1.1% $892 $1.27 $889 $1.27 0.3% 1 1 775 31 5.8% 0 0.0% $910 $1.17 $908 $1.17 0.3% 2 1 700 31 5.8% 0 0.0% $995 $1.42 $992 $1.42 0.3% 2 1 900 62 11.6% 1 1.6% $1,023 $1.14 $1,020 $1.13 0.3% 2 1.5 900 93 17.4% 1 1.1% $1,078 $1.20 $1,076 $1.20 0.3% 3 1 1,100 31 5.8% 0 0.0% $1,250 $1.14 $1,247 $1.13 0.3% 3 1.5 1,100 62 11.6% 0 0.0% $1,185 $1.08 $1,182 $1.07 0.3% 3 1.5 1,150 69 12.9% 1 1.5% $1,183 $1.03 $1,180 $1.03 0.3% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 696 186 34.8% 1 0.5% $888 $1.28 $885 $1.27 0.3% All 2 Beds 867 186 34.8% 2 1.1% $1,046 $1.21 $1,043 $1.20 0.3% All 3 Beds 1,121 162 30.3% 1 0.6% $1,197 $1.07 $1,194 $1.06 0.3% Totals 884 534 100% 4 0.8% $1,036 $1.17 $1,034 $1.17 0.3% Estimate Updated July 21, 2021 Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 696 186 34.8% 1 0.5% $888 $1.28 $885 $1.27 0.3% All 2 Beds 867 186 34.8% 2 1.1% $1,046 $1.21 $1,043 $1.20 0.3% All 3 Beds 1,121 162 30.3% 1 0.6% $1,197 $1.07 $1,194 $1.06 0.3% Totals 884 534 100% 4 0.8% $1,036 $1.17 $1,034 $1.17 0.3% Estimate Updated July 21, 2021 SITE AMENITIES 24 Hour Access, Breakfast/Coffee Concierge, Cabana, Grill, Laundry Facilities, Picnic Area, Spa, Tennis Court, Volleyball Court, Walking/Biking Trails SITE AMENITIES 24 Hour Access, Breakfast/Coffee Concierge, Cabana, Grill, Laundry Facilities, Picnic Area, Spa, Tennis Court, Volleyball Court, Walking/Biking Trails UNIT AMENITIES Air Conditioning, Balcony, Cable Ready, Carpet, Ceiling Fans, Coffee System, Heating, High Speed Internet Access, Instant Hot Water, Kitchen, Oven, Patio, Range, Refrigerator, Storage Space, Vaulted Ceiling, Views UNIT AMENITIES Air Conditioning, Balcony, Cable Ready, Carpet, Ceiling Fans, Coffee System, Heating, High Speed Internet Access, Instant Hot Water, Kitchen, Oven, Patio, Range, Refrigerator, Storage Space, Vaulted Ceiling, Views RECURRING EXPENSES Free Water, Trash Removal, Sewer RECURRING EXPENSES Free Water, Trash Removal, Sewer PET POLICY No Pets Allowed 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 19 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 159 Rent Comparables 100 Suburban Park Dr 6 770 James St - Regency Tower Syracuse, New York - Northside Neighborhood PET POLICY No Pets Allowed 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 19 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 159 Rent Comparables 100 Suburban Park Dr 6 770 James St - Regency Tower Syracuse, New York - Northside Neighborhood PROPERTY PROPERTY MANAGER Property Size: 238 Units, 15 Floors Regency Tower Avg. Unit Size: 1,029 SF (315) 474-7811 Year Built: 1963 Type: Apartments - All OWNER Rent Type: Market - Parking: 241 Spaces; 1.0 per Unit Distance to Subject: 9.78 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 238 Units, 15 Floors Regency Tower Avg. Unit Size: 1,029 SF (315) 474-7811 Year Built: 1963 Type: Apartments - All OWNER Rent Type: Market - Parking: 241 Spaces; 1.0 per Unit Distance to Subject: 9.78 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions Studio 1 - - - - - $1,300 - $1,288 - 0.9% Studio 1 766 14 5.9% 1 7.1% $908 $1.18 $899 $1.17 1.0% 1 1 - - - - - $1,400 - $1,387 - 0.9% 1 1 860 16 6.7% 0 0.0% $1,201 $1.40 $1,189 $1.38 0.9% 1 1 927 130 54.6% 1 0.8% $1,196 $1.29 $1,185 $1.28 0.9% 2 1 - - - - - $1,500 - $1,486 - 0.9% 2 1 1,031 2 0.8% 1 50.0% $1,301 $1.26 $1,288 $1.25 1.0% 2 1 1,132 25 10.5% 0 0.0% $1,166 $1.03 $1,154 $1.02 1.0% 2 2 - - - - - $1,575 - $1,560 - 1.0% 2 2 1,241 26 10.9% 0 0.0% $1,201 $0.97 $1,189 $0.96 1.0% 3 2 - - - - - $1,700 - $1,684 - 0.9% 3 2 1,473 25 10.5% 0 0.0% $1,406 $0.95 $1,392 $0.95 1.0% UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions Studio 1 - - - - - $1,300 - $1,288 - 0.9% Studio 1 766 14 5.9% 1 7.1% $908 $1.18 $899 $1.17 1.0% 1 1 - - - - - $1,400 - $1,387 - 0.9% 1 1 860 16 6.7% 0 0.0% $1,201 $1.40 $1,189 $1.38 0.9% 1 1 927 130 54.6% 1 0.8% $1,196 $1.29 $1,185 $1.28 0.9% 2 1 - - - - - $1,500 - $1,486 - 0.9% 2 1 1,031 2 0.8% 1 50.0% $1,301 $1.26 $1,288 $1.25 1.0% 2 1 1,132 25 10.5% 0 0.0% $1,166 $1.03 $1,154 $1.02 1.0% 2 2 - - - - - $1,575 - $1,560 - 1.0% 2 2 1,241 26 10.9% 0 0.0% $1,201 $0.97 $1,189 $0.96 1.0% 3 2 - - - - - $1,700 - $1,684 - 0.9% 3 2 1,473 25 10.5% 0 0.0% $1,406 $0.95 $1,392 $0.95 1.0% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All Studios 766 14 5.9% 1 7.1% $934 $1.18 $925 $1.17 1.0% All 1 Beds 920 146 61.3% 1 0.7% $1,198 $1.30 $1,187 $1.29 0.9% All 2 Beds 1,182 53 22.3% 1 1.9% $1,201 $1.01 $1,189 $1.00 1.0% All 3 Beds 1,473 25 10.5% 0 0.0% $1,417 $0.95 $1,403 $0.95 1.0% Totals 1,027 238 100% 3 1.3% $1,206 $1.17 $1,194 $1.16 1.0% Estimate Updated July 04, 2021 Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All Studios 766 14 5.9% 1 7.1% $934 $1.18 $925 $1.17 1.0% All 1 Beds 920 146 61.3% 1 0.7% $1,198 $1.30 $1,187 $1.29 0.9% All 2 Beds 1,182 53 22.3% 1 1.9% $1,201 $1.01 $1,189 $1.00 1.0% All 3 Beds 1,473 25 10.5% 0 0.0% $1,417 $0.95 $1,403 $0.95 1.0% Totals 1,027 238 100% 3 1.3% $1,206 $1.17 $1,194 $1.16 1.0% Estimate Updated July 04, 2021 SITE AMENITIES Controlled Access, Elevator, Fitness Center, Furnished Units Available, Gated, Laundry Facilities, Property Manager on Site SITE AMENITIES Controlled Access, Elevator, Fitness Center, Furnished Units Available, Gated, Laundry Facilities, Property Manager on Site UNIT AMENITIES Air Conditioning, Balcony, Cable Ready, Dishwasher, Disposal, Heating, Kitchen, Range, Storage Space, Views, Walk-In Closets, Wheelchair Accessible (Rooms) UNIT AMENITIES Air Conditioning, Balcony, Cable Ready, Dishwasher, Disposal, Heating, Kitchen, Range, Storage Space, Views, Walk-In Closets, Wheelchair Accessible (Rooms) RECURRING EXPENSES Dog Rent $25 Cat Rent $25 Unassigned Garage Parking $55-75 Free Gas, Water, Electricity, Heat, Trash… 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 20 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 160 Rent Comparables 100 Suburban Park Dr RECURRING EXPENSES Dog Rent $25 Cat Rent $25 Unassigned Garage Parking $55-75 Free Gas, Water, Electricity, Heat, Trash… 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 20 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 160 Rent Comparables 100 Suburban Park Dr ONE TIME EXPENSES Dog Fee $150 Cat Fee $150 Admin Fee $300 Application Fee $25 ONE TIME EXPENSES Dog Fee $150 Cat Fee $150 Admin Fee $300 Application Fee $25 PET POLICY Dog Allowed One-Time Fee: $150-150, $25/Mo, 2 Maximum, 20 lb. Maximum Cat Allowed One-Time Fee: $150-150, $25/Mo, 2 Maximum, 20 lb. Maximum 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 21 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 161 Rent Comparables 100 Suburban Park Dr 7 7475 Morgan Rd - Westminster Place Liverpool, New York - Outer NE Onondaga County Neighborhood PET POLICY Dog Allowed One-Time Fee: $150-150, $25/Mo, 2 Maximum, 20 lb. Maximum Cat Allowed One-Time Fee: $150-150, $25/Mo, 2 Maximum, 20 lb. Maximum 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 21 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 161 Rent Comparables 100 Suburban Park Dr 7 7475 Morgan Rd - Westminster Place Liverpool, New York - Outer NE Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 260 Units, 2 Floors DHM - Westminster Place Avg. Unit Size: 917 SF (315) 457-4020 Year Built: 1973 Type: Apartments - All OWNER Rent Type: Market - Parking: 500 Spaces; 1.9 per Unit Distance to Subject: 15.50 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 260 Units, 2 Floors DHM - Westminster Place Avg. Unit Size: 917 SF (315) 457-4020 Year Built: 1973 Type: Apartments - All OWNER Rent Type: Market - Parking: 500 Spaces; 1.9 per Unit Distance to Subject: 15.50 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 705 48 18.5% 1 2.1% $1,022 $1.45 $1,022 $1.45 0.0% 2 1.5 965 212 81.5% 0 0.0% $1,065 $1.10 $1,065 $1.10 0.0% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 705 48 18.5% 1 2.1% $1,022 $1.45 $1,022 $1.45 0.0% All 2 Beds 965 212 81.5% 0 0.0% $1,065 $1.10 $1,065 $1.10 0.0% Totals 917 260 100% 1 0.4% $1,057 $1.15 $1,057 $1.15 0.0% Estimate Updated July 12, 2021 UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 705 48 18.5% 1 2.1% $1,022 $1.45 $1,022 $1.45 0.0% 2 1.5 965 212 81.5% 0 0.0% $1,065 $1.10 $1,065 $1.10 0.0% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 705 48 18.5% 1 2.1% $1,022 $1.45 $1,022 $1.45 0.0% All 2 Beds 965 212 81.5% 0 0.0% $1,065 $1.10 $1,065 $1.10 0.0% Totals 917 260 100% 1 0.4% $1,057 $1.15 $1,057 $1.15 0.0% Estimate Updated July 12, 2021 SITE AMENITIES 24 Hour Access, Clubhouse, Fitness Center, Grill, Laundry Facilities, Maintenance on site, Multi Use Room, Pet Play Area, Picnic Area, Property Manager on Site, Storage Space, Tennis Court SITE AMENITIES 24 Hour Access, Clubhouse, Fitness Center, Grill, Laundry Facilities, Maintenance on site, Multi Use Room, Pet Play Area, Picnic Area, Property Manager on Site, Storage Space, Tennis Court UNIT AMENITIES Air Conditioning, Balcony, Cable Ready, Carpet, Dining Room, Dishwasher, Disposal, Eat-in Kitchen, Heating, Kitchen, Microwave, Range, Tub/Shower, Walk-In Closets, Window Coverings UNIT AMENITIES Air Conditioning, Balcony, Cable Ready, Carpet, Dining Room, Dishwasher, Disposal, Eat-in Kitchen, Heating, Kitchen, Microwave, Range, Tub/Shower, Walk-In Closets, Window Coverings RECURRING EXPENSES Dog Rent $50 Cat Rent $30 Free Trash Removal, Cable RECURRING EXPENSES Dog Rent $50 Cat Rent $30 Free Trash Removal, Cable PET POLICY Dog Allowed $50/Mo, 2 Maximum Restrictions: Some breed restrictions apply. Cat Allowed $30/Mo, 2 Maximum Restrictions: Limit 2 pets per apartment (2 cats, or 1 dog, 1 cat.) 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 22 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 162 Rent Comparables 100 Suburban Park Dr 8 100 S Village Blvd - Village Green Baldwinsville, New York - Outer NW Onondaga County Neighborhood PET POLICY Dog Allowed $50/Mo, 2 Maximum Restrictions: Some breed restrictions apply. Cat Allowed $30/Mo, 2 Maximum Restrictions: Limit 2 pets per apartment (2 cats, or 1 dog, 1 cat.) 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 22 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 162 Rent Comparables 100 Suburban Park Dr 8 100 S Village Blvd - Village Green Baldwinsville, New York - Outer NW Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 50 Units, 2 Floors DHM - Village Green Avg. Unit Size: 972 SF (315) 638-0249 Year Built: 1984 Type: Apartments - All OWNER Rent Type: Market - Parking: 500 Spaces; 10.0 per Unit Distance to Subject: 19.99 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 50 Units, 2 Floors DHM - Village Green Avg. Unit Size: 972 SF (315) 638-0249 Year Built: 1984 Type: Apartments - All OWNER Rent Type: Market - Parking: 500 Spaces; 10.0 per Unit Distance to Subject: 19.99 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 - - - - - $975 - $975 - 0.0% 2 1.5 - - - - - $1,125 - $1,121 - 0.4% 2 2 - - - - - $1,065 - $1,061 - 0.4% 2 2 975 50 100% 0 0.0% $1,095 $1.12 $1,092 $1.12 0.3% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 - - - - - $975 - $975 - 0.0% 2 1.5 - - - - - $1,125 - $1,121 - 0.4% 2 2 - - - - - $1,065 - $1,061 - 0.4% 2 2 975 50 100% 0 0.0% $1,095 $1.12 $1,092 $1.12 0.3% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds - - - - - $975 - $975 - 0.0% All 2 Beds 975 50 100% 0 0.0% $1,095 $1.12 $1,092 $1.12 0.3% Totals 975 50 100% 0 0.0% $1,093 $1.12 $1,089 $1.12 0.3% Estimate Updated July 19, 2021 All 1 Beds - - - - - $975 - $975 - 0.0% All 2 Beds 975 50 100% 0 0.0% $1,095 $1.12 $1,092 $1.12 0.3% Totals 975 50 100% 0 0.0% $1,093 $1.12 $1,089 $1.12 0.3% Estimate Updated July 19, 2021 SITE AMENITIES Business Center, Clubhouse, Controlled Access, Dry Cleaning Service, Fitness Center, Grill, Laundry Facilities, Laundry Service, Maintenance on site, Package Service, Picnic Area, Property Manager on Site, Storage Space, Sundeck SITE AMENITIES Business Center, Clubhouse, Controlled Access, Dry Cleaning Service, Fitness Center, Grill, Laundry Facilities, Laundry Service, Maintenance on site, Package Service, Picnic Area, Property Manager on Site, Storage Space, Sundeck UNIT AMENITIES Air Conditioning, Cable Ready, Carpet, Dining Room, Dishwasher, Disposal, Heating, High Speed Internet Access, Kitchen, Microwave, Range, Tub/Shower, Views, Vinyl Flooring, Walk-In Closets, Washer/Dryer Hookup, Window Coverings UNIT AMENITIES Air Conditioning, Cable Ready, Carpet, Dining Room, Dishwasher, Disposal, Heating, High Speed Internet Access, Kitchen, Microwave, Range, Tub/Shower, Views, Vinyl Flooring, Walk-In Closets, Washer/Dryer Hookup, Window Coverings RECURRING EXPENSES Dog Rent $50 Cat Rent $30 Storage Fee $20 Free Gas, Heat, Trash Removal, Cable RECURRING EXPENSES Dog Rent $50 Cat Rent $30 Storage Fee $20 Free Gas, Heat, Trash Removal, Cable PET POLICY Dog Allowed $50/Mo, 2 Maximum Restrictions: Breed Restrictions & 2 Pet Limit Cat Allowed $30/Mo, 2 Maximum Restrictions: Two pet limit. Call for details. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 23 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 163 Rent Comparables 100 Suburban Park Dr 9 8927 Center Pointe Dr - Center Pointe at Radisson Baldwinsville, New York - Outer NW Onondaga County Neighborhood PET POLICY Dog Allowed $50/Mo, 2 Maximum Restrictions: Breed Restrictions & 2 Pet Limit Cat Allowed $30/Mo, 2 Maximum Restrictions: Two pet limit. Call for details. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 23 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 163 Rent Comparables 100 Suburban Park Dr 9 8927 Center Pointe Dr - Center Pointe at Radisson Baldwinsville, New York - Outer NW Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 120 Units, 2 Floors Center Pointe at Radisson Avg. Unit Size: 1,226 SF (315) 638-3801 Year Built: 2001 Type: Apartments - All OWNER Rent Type: Market - Parking: 240 Spaces; 2.0 per Unit Distance to Subject: 21.40 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 120 Units, 2 Floors Center Pointe at Radisson Avg. Unit Size: 1,226 SF (315) 638-3801 Year Built: 2001 Type: Apartments - All OWNER Rent Type: Market - Parking: 240 Spaces; 2.0 per Unit Distance to Subject: 21.40 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 - 4 3.3% 0 0.0% $973 - $971 - 0.2% 1 1 888 4 3.3% 0 0.0% $996 $1.12 $993 $1.12 0.3% 2 2 - 48 40.0% 0 0.0% $1,256 - $1,253 - 0.3% 2 2 1,152 24 20.0% 0 0.0% $1,246 $1.08 $1,243 $1.08 0.3% 3 2 - 20 16.7% 0 0.0% $1,558 - $1,554 - 0.3% 3 2 1,427 20 16.7% 0 0.0% $1,551 $1.09 $1,547 $1.08 0.3% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 - 4 3.3% 0 0.0% $973 - $971 - 0.2% 1 1 888 4 3.3% 0 0.0% $996 $1.12 $993 $1.12 0.3% 2 2 - 48 40.0% 0 0.0% $1,256 - $1,253 - 0.3% 2 2 1,152 24 20.0% 0 0.0% $1,246 $1.08 $1,243 $1.08 0.3% 3 2 - 20 16.7% 0 0.0% $1,558 - $1,554 - 0.3% 3 2 1,427 20 16.7% 0 0.0% $1,551 $1.09 $1,547 $1.08 0.3% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 888 8 6.7% 0 0.0% $984 $1.12 $982 $1.12 0.2% All 2 Beds 1,152 72 60.0% 0 0.0% $1,253 $1.08 $1,249 $1.08 0.3% All 3 Beds 1,427 40 33.3% 0 0.0% $1,555 $1.09 $1,551 $1.08 0.3% Totals 1,245 120 100% 0 0.0% $1,335 $1.09 $1,332 $1.08 0.3% Estimate Updated July 15, 2021 All 1 Beds 888 8 6.7% 0 0.0% $984 $1.12 $982 $1.12 0.2% All 2 Beds 1,152 72 60.0% 0 0.0% $1,253 $1.08 $1,249 $1.08 0.3% All 3 Beds 1,427 40 33.3% 0 0.0% $1,555 $1.09 $1,551 $1.08 0.3% Totals 1,245 120 100% 0 0.0% $1,335 $1.09 $1,332 $1.08 0.3% Estimate Updated July 15, 2021 SITE AMENITIES Basketball Court, Clubhouse, Fitness Center, Laundry Facilities, Pet Play Area, Playground, Property Manager on Site, Tennis Court SITE AMENITIES Basketball Court, Clubhouse, Fitness Center, Laundry Facilities, Pet Play Area, Playground, Property Manager on Site, Tennis Court UNIT AMENITIES Air Conditioning, Balcony, Carpet, Dishwasher, Disposal, Fireplace, Heating, Kitchen, Tile Floors, Vaulted Ceiling, Walk-In Closets, Washer/Dryer Hookup, Wheelchair Accessible (Rooms), Yard UNIT AMENITIES Air Conditioning, Balcony, Carpet, Dishwasher, Disposal, Fireplace, Heating, Kitchen, Tile Floors, Vaulted Ceiling, Walk-In Closets, Washer/Dryer Hookup, Wheelchair Accessible (Rooms), Yard RECURRING EXPENSES Dog Rent $50 Cat Rent $35 Assigned Garage Parking $100-130 Free Assigned Surface Lot Parking Unassigned Garage Parking $100-165 Free Unassigned Surface Lot Parking Free Trash Removal, Sewer RECURRING EXPENSES Dog Rent $50 Cat Rent $35 Assigned Garage Parking $100-130 Free Assigned Surface Lot Parking Unassigned Garage Parking $100-165 Free Unassigned Surface Lot Parking Free Trash Removal, Sewer ONE TIME EXPENSES Dog Deposit $399 Cat Deposit $399 Application Fee $20 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 24 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 164 Rent Comparables 100 Suburban Park Dr ONE TIME EXPENSES Dog Deposit $399 Cat Deposit $399 Application Fee $20 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 24 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 164 Rent Comparables 100 Suburban Park Dr PET POLICY Dog Allowed $399 Deposit, $50/Mo, 1 Maximum, 60 lb. Maximum Restrictions: Breed restrictions may apply $50/month pet rent & a one-time $399 pet deposit required at move-in. Call for more details. Call for more details. Cat Allowed $399 Deposit, $35/Mo, 2 Maximum, 10 lb. Maximum $35/month pet rent & a one-time $399 pet deposit required at move-in. Call for more details. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 25 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 165 Rent Comparables 100 Suburban Park Dr 10 4719 Kehoe Ln - Manlius Academy Apartments Manlius, New York - Outer S Onondaga County Neighborhood PET POLICY Dog Allowed $399 Deposit, $50/Mo, 1 Maximum, 60 lb. Maximum Restrictions: Breed restrictions may apply $50/month pet rent & a one-time $399 pet deposit required at move-in. Call for more details. Call for more details. Cat Allowed $399 Deposit, $35/Mo, 2 Maximum, 10 lb. Maximum $35/month pet rent & a one-time $399 pet deposit required at move-in. Call for more details. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 25 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 165 Rent Comparables 100 Suburban Park Dr 10 4719 Kehoe Ln - Manlius Academy Apartments Manlius, New York - Outer S Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 172 Units, 3 Floors Berkley - Manlius Academy Avg. Unit Size: 747 SF (315) 682-7019 Year Built: 1943 Type: Apartments - All OWNER Rent Type: Market Purchased Aug 2019 Parking: - $11,011,000 - Part of Portfolio Distance to Subject: 0.30 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 172 Units, 3 Floors Berkley - Manlius Academy Avg. Unit Size: 747 SF (315) 682-7019 Year Built: 1943 Type: Apartments - All OWNER Rent Type: Market Purchased Aug 2019 Parking: - $11,011,000 - Part of Portfolio Distance to Subject: 0.30 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions Studio 1 - - - - - $545 - $544 - 0.3% Studio 1 415 42 24.4% 1 2.4% $650 $1.57 $648 $1.56 0.2% 1 1 - - - - - $748 - $746 - 0.3% 1 1 697 57 33.1% 1 1.8% $750 $1.08 $748 $1.07 0.3% 2 1 - - - - - $888 - $885 - 0.3% 2 1 720 24 14.0% 1 4.2% $772 $1.07 $770 $1.07 0.2% 2 1.5 - - - - - $1,050 - $1,047 - 0.3% 2 1.5 950 1 0.6% 0 0.0% $1,050 $1.11 $1,047 $1.10 0.3% 2 1.5 1,100 48 27.9% 0 0.0% $950 $0.86 $948 $0.86 0.2% UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions Studio 1 - - - - - $545 - $544 - 0.3% Studio 1 415 42 24.4% 1 2.4% $650 $1.57 $648 $1.56 0.2% 1 1 - - - - - $748 - $746 - 0.3% 1 1 697 57 33.1% 1 1.8% $750 $1.08 $748 $1.07 0.3% 2 1 - - - - - $888 - $885 - 0.3% 2 1 720 24 14.0% 1 4.2% $772 $1.07 $770 $1.07 0.2% 2 1.5 - - - - - $1,050 - $1,047 - 0.3% 2 1.5 950 1 0.6% 0 0.0% $1,050 $1.11 $1,047 $1.10 0.3% 2 1.5 1,100 48 27.9% 0 0.0% $950 $0.86 $948 $0.86 0.2% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All Studios 415 42 24.4% 1 2.4% $645 $1.57 $644 $1.56 0.3% All 1 Beds 697 57 33.1% 1 1.8% $750 $1.08 $748 $1.07 0.3% All 2 Beds 973 73 42.4% 1 1.4% $905 $0.92 $902 $0.92 0.3% Totals 745 172 100% 3 1.7% $792 $1.06 $790 $1.05 0.3% Estimate Updated July 04, 2021 Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All Studios 415 42 24.4% 1 2.4% $645 $1.57 $644 $1.56 0.3% All 1 Beds 697 57 33.1% 1 1.8% $750 $1.08 $748 $1.07 0.3% All 2 Beds 973 73 42.4% 1 1.4% $905 $0.92 $902 $0.92 0.3% Totals 745 172 100% 3 1.7% $792 $1.06 $790 $1.05 0.3% Estimate Updated July 04, 2021 SITE AMENITIES 24 Hour Access, Laundry Facilities, Maintenance on site, Property Manager on Site SITE AMENITIES 24 Hour Access, Laundry Facilities, Maintenance on site, Property Manager on Site UNIT AMENITIES Air Conditioning, Cable Ready, Dishwasher, Heating, High Speed Internet Access, Kitchen, Linen Closet, Oven, Range, Refrigerator, Tub/Shower, Washer/Dryer Hookup UNIT AMENITIES Air Conditioning, Cable Ready, Dishwasher, Heating, High Speed Internet Access, Kitchen, Linen Closet, Oven, Range, Refrigerator, Tub/Shower, Washer/Dryer Hookup RECURRING EXPENSES Dog Rent $35 Cat Rent $35 Free Water, Trash Removal, Sewer RECURRING EXPENSES Dog Rent $35 Cat Rent $35 Free Water, Trash Removal, Sewer ONE TIME EXPENSES Dog Fee $300 Cat Fee $300 Application Fee $20 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 26 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 166 Rent Comparables 100 Suburban Park Dr ONE TIME EXPENSES Dog Fee $300 Cat Fee $300 Application Fee $20 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 26 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 166 Rent Comparables 100 Suburban Park Dr PET POLICY Dog Allowed One-Time Fee: $300-300, $35/Mo, 2 Maximum Restrictions: Breed Restrictions Apply Maximum Two Pets per Home; One Non-refundable Fee per Pet; Breed Restrictions Apply; All Pets Subject to Management Approval. Cat Allowed One-Time Fee: $300-300, $35/Mo, 2 Maximum Maximum Two Pets per Home; One Non-refundable Fee per Pet. All Pets Subject to Management Approval. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 27 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 167 Rent Comparables 100 Suburban Park Dr 11 311 W Seneca St - Carriage House East Manlius, New York - Outer S Onondaga County Neighborhood PET POLICY Dog Allowed One-Time Fee: $300-300, $35/Mo, 2 Maximum Restrictions: Breed Restrictions Apply Maximum Two Pets per Home; One Non-refundable Fee per Pet; Breed Restrictions Apply; All Pets Subject to Management Approval. Cat Allowed One-Time Fee: $300-300, $35/Mo, 2 Maximum Maximum Two Pets per Home; One Non-refundable Fee per Pet. All Pets Subject to Management Approval. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 27 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 167 Rent Comparables 100 Suburban Park Dr 11 311 W Seneca St - Carriage House East Manlius, New York - Outer S Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 180 Units, 3 Floors Valenti - Carriage House East Avg. Unit Size: 952 SF (315) 682-7467 Year Built: 1972 Type: Apartments - All OWNER Rent Type: Market - Parking: - Distance to Subject: 1.32 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 180 Units, 3 Floors Valenti - Carriage House East Avg. Unit Size: 952 SF (315) 682-7467 Year Built: 1972 Type: Apartments - All OWNER Rent Type: Market - Parking: - Distance to Subject: 1.32 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 765 60 33.3% 0 0.0% $886 $1.16 $884 $1.16 0.3% 2 1 - - - - - $1,000 - $996 - 0.4% 2 1 1,045 120 66.7% 0 0.0% $1,030 $0.99 $1,026 $0.98 0.3% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 765 60 33.3% 0 0.0% $886 $1.16 $884 $1.16 0.3% 2 1 - - - - - $1,000 - $996 - 0.4% 2 1 1,045 120 66.7% 0 0.0% $1,030 $0.99 $1,026 $0.98 0.3% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 765 60 33.3% 0 0.0% $886 $1.16 $884 $1.16 0.3% All 2 Beds 1,045 120 66.7% 0 0.0% $1,029 $0.99 $1,026 $0.98 0.3% Totals 952 180 100% 0 0.0% $982 $1.03 $979 $1.03 0.3% Estimate Updated July 15, 2021 All 1 Beds 765 60 33.3% 0 0.0% $886 $1.16 $884 $1.16 0.3% All 2 Beds 1,045 120 66.7% 0 0.0% $1,029 $0.99 $1,026 $0.98 0.3% Totals 952 180 100% 0 0.0% $982 $1.03 $979 $1.03 0.3% Estimate Updated July 15, 2021 SITE AMENITIES Laundry Facilities, Storage Space SITE AMENITIES Laundry Facilities, Storage Space UNIT AMENITIES Air Conditioning, Balcony, Dishwasher, Disposal, Heating, Kitchen, Refrigerator UNIT AMENITIES Air Conditioning, Balcony, Dishwasher, Disposal, Heating, Kitchen, Refrigerator PET POLICY No Pets Allowed 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 28 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 168 Rent Comparables 100 Suburban Park Dr 12 99 Alpine Dr - Swiss Village Apartments Syracuse, New York - Outer NE Onondaga County Neighborhood PET POLICY No Pets Allowed 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 28 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 168 Rent Comparables 100 Suburban Park Dr 12 99 Alpine Dr - Swiss Village Apartments Syracuse, New York - Outer NE Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 231 Units, 3 Floors Swiss Village LLC Avg. Unit Size: 796 SF (315) 446-8240 Year Built: 1965 Type: Apartments - All OWNER Rent Type: Market - Parking: 470 Spaces; 2.0 per Unit Distance to Subject: 7.06 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 231 Units, 3 Floors Swiss Village LLC Avg. Unit Size: 796 SF (315) 446-8240 Year Built: 1965 Type: Apartments - All OWNER Rent Type: Market - Parking: 470 Spaces; 2.0 per Unit Distance to Subject: 7.06 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 - - - - - $768 - $763 - 0.7% 1 1 675 5 2.2% 0 0.0% $700 $1.04 $696 $1.03 0.6% 1 1 700 50 21.6% 2 4.0% $745 $1.06 $741 $1.06 0.6% 1 1 712 20 8.7% 0 0.0% $777 $1.09 $773 $1.09 0.6% 1 1 720 30 13.0% 0 0.0% $755 $1.05 $751 $1.04 0.6% 2 1 - - - - - $872 - $867 - 0.6% 2 1 800 32 13.9% 2 6.3% $802 $1.00 $797 $1.00 0.6% 2 1 820 20 8.7% 1 5.0% $830 $1.01 $825 $1.01 0.6% 2 1 830 2 0.9% 0 0.0% $915 $1.10 $910 $1.10 0.6% 2 1 875 20 8.7% 0 0.0% $830 $0.95 $825 $0.94 0.6% 2 1 880 15 6.5% 1 6.7% $850 $0.97 $845 $0.96 0.6% 2 1 920 15 6.5% 2 13.3% $863 $0.94 $858 $0.93 0.6% 2 1 990 20 8.7% 0 0.0% $885 $0.89 $880 $0.89 0.6% 3 1 855 2 0.9% 0 0.0% $910 $1.06 $905 $1.06 0.6% UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 - - - - - $768 - $763 - 0.7% 1 1 675 5 2.2% 0 0.0% $700 $1.04 $696 $1.03 0.6% 1 1 700 50 21.6% 2 4.0% $745 $1.06 $741 $1.06 0.6% 1 1 712 20 8.7% 0 0.0% $777 $1.09 $773 $1.09 0.6% 1 1 720 30 13.0% 0 0.0% $755 $1.05 $751 $1.04 0.6% 2 1 - - - - - $872 - $867 - 0.6% 2 1 800 32 13.9% 2 6.3% $802 $1.00 $797 $1.00 0.6% 2 1 820 20 8.7% 1 5.0% $830 $1.01 $825 $1.01 0.6% 2 1 830 2 0.9% 0 0.0% $915 $1.10 $910 $1.10 0.6% 2 1 875 20 8.7% 0 0.0% $830 $0.95 $825 $0.94 0.6% 2 1 880 15 6.5% 1 6.7% $850 $0.97 $845 $0.96 0.6% 2 1 920 15 6.5% 2 13.3% $863 $0.94 $858 $0.93 0.6% 2 1 990 20 8.7% 0 0.0% $885 $0.89 $880 $0.89 0.6% 3 1 855 2 0.9% 0 0.0% $910 $1.06 $905 $1.06 0.6% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 707 105 45.5% 2 1.9% $753 $1.06 $748 $1.06 0.6% All 2 Beds 871 124 53.7% 6 4.8% $840 $0.96 $836 $0.96 0.6% All 3 Beds 855 2 0.9% 0 0.0% $910 $1.06 $905 $1.06 0.6% Totals 796 231 100% 8 3.5% $801 $1.01 $796 $1.00 0.6% Estimate Updated July 12, 2021 Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 707 105 45.5% 2 1.9% $753 $1.06 $748 $1.06 0.6% All 2 Beds 871 124 53.7% 6 4.8% $840 $0.96 $836 $0.96 0.6% All 3 Beds 855 2 0.9% 0 0.0% $910 $1.06 $905 $1.06 0.6% Totals 796 231 100% 8 3.5% $801 $1.01 $796 $1.00 0.6% Estimate Updated July 12, 2021 SITE AMENITIES Grill, Laundry Facilities, Lounge, Picnic Area, Playground, Storage Space, Sundeck SITE AMENITIES Grill, Laundry Facilities, Lounge, Picnic Area, Playground, Storage Space, Sundeck UNIT AMENITIES Air Conditioning, Cable Ready, Carpet, Ceiling Fans, Dishwasher, Disposal, Heating, Kitchen, Linen Closet, Oven, Range, Refrigerator, Wheelchair Accessible (Rooms) UNIT AMENITIES Air Conditioning, Cable Ready, Carpet, Ceiling Fans, Dishwasher, Disposal, Heating, Kitchen, Linen Closet, Oven, Range, Refrigerator, Wheelchair Accessible (Rooms) RECURRING EXPENSES Free Water, Heat, Trash Removal, Sewer 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 29 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 169 Rent Comparables 100 Suburban Park Dr RECURRING EXPENSES Free Water, Heat, Trash Removal, Sewer 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 29 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 169 Rent Comparables 100 Suburban Park Dr PET POLICY No Pets Allowed 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 30 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 170 Rent Comparables 100 Suburban Park Dr 13 101 Lafayette Rd - Nob Hill Apartments Syracuse, New York - Valley Neighborhood PET POLICY No Pets Allowed 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 30 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 170 Rent Comparables 100 Suburban Park Dr 13 101 Lafayette Rd - Nob Hill Apartments Syracuse, New York - Valley Neighborhood PROPERTY PROPERTY MANAGER Property Size: 761 Units, 4 Floors Sinatra - Nob Hill Apartments Avg. Unit Size: 976 SF (315) 469-3211 Year Built: 1970 Type: Apartments - All OWNER Rent Type: Market Purchased Jul 2018 Parking: 700 Spaces; 0.9 per Unit $58,500,000 ($76,873/Unit) Distance to Subject: 8.38 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 761 Units, 4 Floors Sinatra - Nob Hill Apartments Avg. Unit Size: 976 SF (315) 469-3211 Year Built: 1970 Type: Apartments - All OWNER Rent Type: Market Purchased Jul 2018 Parking: 700 Spaces; 0.9 per Unit $58,500,000 ($76,873/Unit) Distance to Subject: 8.38 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 691 76 10.0% 6 7.9% $917 $1.33 $910 $1.32 0.7% 1 1 721 76 10.0% 0 0.0% $790 $1.10 $784 $1.09 0.7% 1 1 925 76 10.0% 0 0.0% $913 $0.99 $906 $0.98 0.7% 2 1 878 77 10.1% 0 0.0% $1,020 $1.16 $1,012 $1.15 0.7% 2 1.5 815 1 0.1% 0 0.0% $900 $1.10 $893 $1.10 0.8% 2 1.5 858 76 10.0% 2 2.6% $1,112 $1.30 $1,104 $1.29 0.7% 2 1.5 880 1 0.1% 0 0.0% $1,138 $1.29 $1,130 $1.28 0.7% 2 1.5 925 1 0.1% 0 0.0% $1,000 $1.08 $993 $1.07 0.7% 2 1.5 994 75 9.9% 0 0.0% $804 $0.81 $799 $0.80 0.7% 2 1.5 998 75 9.9% 0 0.0% $826 $0.83 $820 $0.82 0.7% 2 2 - - - - - $1,293 - $1,283 - 0.8% 2 2 876 1 0.1% 1 100% $1,079 $1.23 $1,071 $1.22 0.7% 2 2 998 1 0.1% 0 0.0% $825 $0.83 $819 $0.82 0.7% 2 2 1,388 75 9.9% 0 0.0% $1,037 $0.75 $1,030 $0.74 0.7% 3 2 1,106 73 9.6% 7 9.6% $1,154 $1.04 $1,146 $1.04 0.7% 3 2 1,214 75 9.9% 0 0.0% $1,006 $0.83 $999 $0.82 0.7% 3 2 1,225 2 0.3% 0 0.0% $1,177 $0.96 $1,168 $0.95 0.8% UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 691 76 10.0% 6 7.9% $917 $1.33 $910 $1.32 0.7% 1 1 721 76 10.0% 0 0.0% $790 $1.10 $784 $1.09 0.7% 1 1 925 76 10.0% 0 0.0% $913 $0.99 $906 $0.98 0.7% 2 1 878 77 10.1% 0 0.0% $1,020 $1.16 $1,012 $1.15 0.7% 2 1.5 815 1 0.1% 0 0.0% $900 $1.10 $893 $1.10 0.8% 2 1.5 858 76 10.0% 2 2.6% $1,112 $1.30 $1,104 $1.29 0.7% 2 1.5 880 1 0.1% 0 0.0% $1,138 $1.29 $1,130 $1.28 0.7% 2 1.5 925 1 0.1% 0 0.0% $1,000 $1.08 $993 $1.07 0.7% 2 1.5 994 75 9.9% 0 0.0% $804 $0.81 $799 $0.80 0.7% 2 1.5 998 75 9.9% 0 0.0% $826 $0.83 $820 $0.82 0.7% 2 2 - - - - - $1,293 - $1,283 - 0.8% 2 2 876 1 0.1% 1 100% $1,079 $1.23 $1,071 $1.22 0.7% 2 2 998 1 0.1% 0 0.0% $825 $0.83 $819 $0.82 0.7% 2 2 1,388 75 9.9% 0 0.0% $1,037 $0.75 $1,030 $0.74 0.7% 3 2 1,106 73 9.6% 7 9.6% $1,154 $1.04 $1,146 $1.04 0.7% 3 2 1,214 75 9.9% 0 0.0% $1,006 $0.83 $999 $0.82 0.7% 3 2 1,225 2 0.3% 0 0.0% $1,177 $0.96 $1,168 $0.95 0.8% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 779 228 30.0% 6 2.6% $873 $1.12 $867 $1.11 0.7% All 2 Beds 1,020 383 50.3% 3 0.8% $962 $0.94 $955 $0.93 0.7% All 3 Beds 1,162 150 19.7% 7 4.7% $1,080 $0.93 $1,073 $0.92 0.7% Totals 976 761 100% 16 2.1% $959 $0.98 $952 $0.97 0.7% Estimate Updated July 21, 2021 Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 779 228 30.0% 6 2.6% $873 $1.12 $867 $1.11 0.7% All 2 Beds 1,020 383 50.3% 3 0.8% $962 $0.94 $955 $0.93 0.7% All 3 Beds 1,162 150 19.7% 7 4.7% $1,080 $0.93 $1,073 $0.92 0.7% Totals 976 761 100% 16 2.1% $959 $0.98 $952 $0.97 0.7% Estimate Updated July 21, 2021 SITE AMENITIES Business Center, Corporate Suites, Fitness Center, Furnished Units Available, Grill, Laundry Facilities, Multi Use Room, Online Services, Picnic Area, Playground, Property Manager on Site, Storage Space, Trash Pickup - Door to Door SITE AMENITIES Business Center, Corporate Suites, Fitness Center, Furnished Units Available, Grill, Laundry Facilities, Multi Use Room, Online Services, Picnic Area, Playground, Property Manager on Site, Storage Space, Trash Pickup - Door to Door UNIT AMENITIES Air Conditioning, Balcony, Cable Ready, Carpet, Ceiling Fans, Dining Room, Dishwasher, Disposal, Heating, High Speed Internet Access, Intercom, Kitchen, Linen Closet, Microwave, Oven, Range, Refrigerator, Sunroom, Surround Sound, Walk-In Closets 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 31 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 171 Rent Comparables 100 Suburban Park Dr UNIT AMENITIES Air Conditioning, Balcony, Cable Ready, Carpet, Ceiling Fans, Dining Room, Dishwasher, Disposal, Heating, High Speed Internet Access, Intercom, Kitchen, Linen Closet, Microwave, Oven, Range, Refrigerator, Sunroom, Surround Sound, Walk-In Closets 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 31 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 171 Rent Comparables 100 Suburban Park Dr RECURRING EXPENSES Dog Rent $50 Cat Rent $50 Unassigned Garage Parking $55 Unassigned Covered Parking $45 Free Water, Heat, Trash Removal, Sewer RECURRING EXPENSES Dog Rent $50 Cat Rent $50 Unassigned Garage Parking $55 Unassigned Covered Parking $45 Free Water, Heat, Trash Removal, Sewer ONE TIME EXPENSES Dog Fee $300 Cat Fee $300 ONE TIME EXPENSES Dog Fee $300 Cat Fee $300 PET POLICY Dog Allowed One-Time Fee: $300-300, $50/Mo, 2 Maximum, 50 lb. Maximum total of 2 pets allowed Cat Allowed One-Time Fee: $300-300, $50/Mo, 2 Maximum total of 2 pets allowed 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 32 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 172 Rent Comparables 100 Suburban Park Dr 14 510-550 Warren St - Fayetteville Pines Townhouses Fayetteville, New York - Outer S Onondaga County Neighborhood PET POLICY Dog Allowed One-Time Fee: $300-300, $50/Mo, 2 Maximum, 50 lb. Maximum total of 2 pets allowed Cat Allowed One-Time Fee: $300-300, $50/Mo, 2 Maximum total of 2 pets allowed 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 32 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 172 Rent Comparables 100 Suburban Park Dr 14 510-550 Warren St - Fayetteville Pines Townhouses Fayetteville, New York - Outer S Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 78 Units, 2 Floors Fayetteville Pines Avg. Unit Size: 935 SF (315) 464-0848 Year Built: 1973 Type: Apartments - All OWNER Rent Type: Market Purchased Mar 2013 Parking: - $3,450,000 ($44,231/Unit) Distance to Subject: 3.00 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 78 Units, 2 Floors Fayetteville Pines Avg. Unit Size: 935 SF (315) 464-0848 Year Built: 1973 Type: Apartments - All OWNER Rent Type: Market Purchased Mar 2013 Parking: - $3,450,000 ($44,231/Unit) Distance to Subject: 3.00 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 555 26 33.3% 1 3.9% $704 $1.27 $700 $1.26 0.5% 2 1.5 1,100 26 33.3% 0 0.0% $1,056 $0.96 $1,052 $0.96 0.3% 2 1.5 1,150 26 33.3% 0 0.0% $932 $0.81 $929 $0.81 0.3% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 555 26 33.3% 1 3.9% $704 $1.27 $700 $1.26 0.5% 2 1.5 1,100 26 33.3% 0 0.0% $1,056 $0.96 $1,052 $0.96 0.3% 2 1.5 1,150 26 33.3% 0 0.0% $932 $0.81 $929 $0.81 0.3% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 555 26 33.3% 1 3.9% $704 $1.27 $700 $1.26 0.5% All 2 Beds 1,125 52 66.7% 0 0.0% $994 $0.88 $991 $0.88 0.3% Totals 935 78 100% 1 1.3% $897 $0.96 $894 $0.96 0.4% Estimate Updated July 04, 2021 All 1 Beds 555 26 33.3% 1 3.9% $704 $1.27 $700 $1.26 0.5% All 2 Beds 1,125 52 66.7% 0 0.0% $994 $0.88 $991 $0.88 0.3% Totals 935 78 100% 1 1.3% $897 $0.96 $894 $0.96 0.4% Estimate Updated July 04, 2021 UNIT AMENITIES Dishwasher, Fireplace, Heating, Kitchen, Refrigerator, Washer/Dryer UNIT AMENITIES Dishwasher, Fireplace, Heating, Kitchen, Refrigerator, Washer/Dryer RECURRING EXPENSES Dog Rent $25 Cat Rent $25 Free Water RECURRING EXPENSES Dog Rent $25 Cat Rent $25 Free Water ONE TIME EXPENSES Dog Deposit $250 Cat Deposit $250 ONE TIME EXPENSES Dog Deposit $250 Cat Deposit $250 PET POLICY Dog Allowed $250 Deposit, $25/Mo Cat Allowed $250 Deposit, $25/Mo 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 33 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 173 Rent Comparables 100 Suburban Park Dr 15 5100 Highbridge St - Wildwood Ridge Apartments Fayetteville, New York - Outer S Onondaga County Neighborhood PET POLICY Dog Allowed $250 Deposit, $25/Mo Cat Allowed $250 Deposit, $25/Mo 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 33 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 173 Rent Comparables 100 Suburban Park Dr 15 5100 Highbridge St - Wildwood Ridge Apartments Fayetteville, New York - Outer S Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 268 Units, 3 Floors Wildwood Ridge Associates Lp Avg. Unit Size: 1,238 SF (315) 637-8018 Year Built: 1973 Type: Apartments - All OWNER Rent Type: Market Purchased Dec 2019 Parking: 230 Spaces; 0.9 per Unit $247,200 ($310/Unit) Distance to Subject: 2.83 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 268 Units, 3 Floors Wildwood Ridge Associates Lp Avg. Unit Size: 1,238 SF (315) 637-8018 Year Built: 1973 Type: Apartments - All OWNER Rent Type: Market Purchased Dec 2019 Parking: 230 Spaces; 0.9 per Unit $247,200 ($310/Unit) Distance to Subject: 2.83 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 900 68 25.4% 7 10.3% $880 $0.98 $880 $0.98 0.0% 2 1.5 1,200 166 61.9% 17 10.2% $985 $0.82 $985 $0.82 0.0% 3 2.5 2,100 34 12.7% 3 8.8% $1,600 $0.76 $1,600 $0.76 0.0% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 900 68 25.4% 7 10.3% $880 $0.98 $880 $0.98 0.0% 2 1.5 1,200 166 61.9% 17 10.2% $985 $0.82 $985 $0.82 0.0% 3 2.5 2,100 34 12.7% 3 8.8% $1,600 $0.76 $1,600 $0.76 0.0% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 900 68 25.4% 7 10.3% $880 $0.98 $880 $0.98 0.0% All 2 Beds 1,200 166 61.9% 17 10.2% $985 $0.82 $985 $0.82 0.0% All 3 Beds 2,100 34 12.7% 3 8.8% $1,600 $0.76 $1,600 $0.76 0.0% Totals 1,238 268 100% 27 10.1% $1,036 $0.84 $1,036 $0.84 0.0% Estimate Updated July 12, 2021 All 1 Beds 900 68 25.4% 7 10.3% $880 $0.98 $880 $0.98 0.0% All 2 Beds 1,200 166 61.9% 17 10.2% $985 $0.82 $985 $0.82 0.0% All 3 Beds 2,100 34 12.7% 3 8.8% $1,600 $0.76 $1,600 $0.76 0.0% Totals 1,238 268 100% 27 10.1% $1,036 $0.84 $1,036 $0.84 0.0% Estimate Updated July 12, 2021 SITE AMENITIES Basketball Court, Fitness Center, Maintenance on site, Tennis Court, Walking/Biking Trails SITE AMENITIES Basketball Court, Fitness Center, Maintenance on site, Tennis Court, Walking/Biking Trails UNIT AMENITIES Dishwasher, Disposal, Heating, Kitchen, Oven, Refrigerator UNIT AMENITIES Dishwasher, Disposal, Heating, Kitchen, Oven, Refrigerator RECURRING EXPENSES Unassigned Garage Parking $100-0 Free Water, Heat RECURRING EXPENSES Unassigned Garage Parking $100-0 Free Water, Heat PET POLICY No Pets Allowed 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 34 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 174 Rent Comparables 100 Suburban Park Dr 16 128 W Pleasant St - Townhouse East Manlius, New York - Outer S Onondaga County Neighborhood PET POLICY No Pets Allowed 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 34 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 174 Rent Comparables 100 Suburban Park Dr 16 128 W Pleasant St - Townhouse East Manlius, New York - Outer S Onondaga County Neighborhood PROPERTY PROPERTY MANAGER Property Size: 142 Units, 2 Floors Morris - Townhouse East Avg. Unit Size: 1,100 SF (315) 638-2313 Year Built: - Type: Apartments - All OWNER Rent Type: Market - Parking: 400 Spaces; 2.8 per Unit Distance to Subject: 1.04 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 142 Units, 2 Floors Morris - Townhouse East Avg. Unit Size: 1,100 SF (315) 638-2313 Year Built: - Type: Apartments - All OWNER Rent Type: Market - Parking: 400 Spaces; 2.8 per Unit Distance to Subject: 1.04 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 2 1.5 1,100 142 100% 0 0.0% $920 $0.84 $918 $0.83 0.3% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 2 Beds 1,100 142 100% 0 0.0% $920 $0.84 $918 $0.83 0.3% Totals 1,100 142 100% 0 0.0% $920 $0.84 $918 $0.83 0.3% Estimate Updated July 04, 2021 UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 2 1.5 1,100 142 100% 0 0.0% $920 $0.84 $918 $0.83 0.3% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 2 Beds 1,100 142 100% 0 0.0% $920 $0.84 $918 $0.83 0.3% Totals 1,100 142 100% 0 0.0% $920 $0.84 $918 $0.83 0.3% Estimate Updated July 04, 2021 SITE AMENITIES Furnished Units Available, Grill, Picnic Area, Playground SITE AMENITIES Furnished Units Available, Grill, Picnic Area, Playground UNIT AMENITIES Air Conditioning, Basement, Carpet, Hardwood Floors, Porch, Storage Space, Washer/Dryer Hookup UNIT AMENITIES Air Conditioning, Basement, Carpet, Hardwood Floors, Porch, Storage Space, Washer/Dryer Hookup RECURRING EXPENSES Dog Rent $35 Cat Rent $25 Free Unassigned Surface Lot Parking RECURRING EXPENSES Dog Rent $35 Cat Rent $25 Free Unassigned Surface Lot Parking ONE TIME EXPENSES Dog Fee $300 Cat Fee $300 Application Fee $20 ONE TIME EXPENSES Dog Fee $300 Cat Fee $300 Application Fee $20 PET POLICY Dog Allowed One-Time Fee: $300-300, $35/Mo, 2 Maximum Restrictions: Breed Restrictions May Apply Cat Allowed One-Time Fee: $300-300, $25/Mo, 2 Maximum All Pet Fees are Non-Refundable 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 35 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 175 Rent Comparables 100 Suburban Park Dr 17 1225 Tulip St - Tulip Ridge Apartments Liverpool, New York - Liverpool Neighborhood PET POLICY Dog Allowed One-Time Fee: $300-300, $35/Mo, 2 Maximum Restrictions: Breed Restrictions May Apply Cat Allowed One-Time Fee: $300-300, $25/Mo, 2 Maximum All Pet Fees are Non-Refundable 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 35 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 175 Rent Comparables 100 Suburban Park Dr 17 1225 Tulip St - Tulip Ridge Apartments Liverpool, New York - Liverpool Neighborhood PROPERTY PROPERTY MANAGER Property Size: 108 Units, 3 Floors Syracuse Premier - Tulip Ridge Avg. Unit Size: - (315) 476-9643 Year Built: Jun 2021 Type: Apartments - All OWNER Rent Type: Market - Parking: - Distance to Subject: 14.67 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 108 Units, 3 Floors Syracuse Premier - Tulip Ridge Avg. Unit Size: - (315) 476-9643 Year Built: Jun 2021 Type: Apartments - All OWNER Rent Type: Market - Parking: - Distance to Subject: 14.67 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 - 60 55.6% 25 41.7% $1,025 - $1,025 - 0.0% 2 2 - 48 44.4% 10 20.8% $1,400 - $1,400 - 0.0% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds - 60 55.6% 25 41.7% $1,025 - $1,025 - 0.0% All 2 Beds - 48 44.4% 10 20.8% $1,400 - $1,400 - 0.0% Totals - 108 100% 35 32.4% $1,192 - $1,192 - 0.0% Estimate Updated July 07, 2021 UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions 1 1 - 60 55.6% 25 41.7% $1,025 - $1,025 - 0.0% 2 2 - 48 44.4% 10 20.8% $1,400 - $1,400 - 0.0% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All 1 Beds - 60 55.6% 25 41.7% $1,025 - $1,025 - 0.0% All 2 Beds - 48 44.4% 10 20.8% $1,400 - $1,400 - 0.0% Totals - 108 100% 35 32.4% $1,192 - $1,192 - 0.0% Estimate Updated July 07, 2021 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 36 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 176 Rent Comparables by Bedroom 100 Suburban Park Dr Studio Comps One Bed Comps Two Bed Comps Three Bed Comps $714 $979 $1,146 $1,297 Subject Subject Subject Subject - $1,212 $1,413 - Current Conditions in Rent Comps Studio 1 Bedroom 2 Bedroom 3 Bedroom 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 36 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 176 Rent Comparables by Bedroom 100 Suburban Park Dr Studio Comps One Bed Comps Two Bed Comps Three Bed Comps $714 $979 $1,146 $1,297 Subject Subject Subject Subject - $1,212 $1,413 - Current Conditions in Rent Comps Studio 1 Bedroom 2 Bedroom 3 Bedroom Total Number of Units 56 1,413 2,265 432 Vacancy Rate 2.4% 6.0% 4.4% 3.8% Asking Rent Per Unit $714 $979 $1,146 $1,297 Asking Rent Per SF $1.42 $1.26 $1.10 $1.02 Effective Rents Per Unit $711 $974 $1,142 $1,291 Effective Rents Per SF $1.41 $1.26 $1.10 $1.01 Concessions 0.5% 0.4% 0.4% 0.4% Changes Past Year in Rent Comps Studio 1 Bedroom 2 Bedroom 3 Bedroom Total Number of Units 56 1,413 2,265 432 Vacancy Rate 2.4% 6.0% 4.4% 3.8% Asking Rent Per Unit $714 $979 $1,146 $1,297 Asking Rent Per SF $1.42 $1.26 $1.10 $1.02 Effective Rents Per Unit $711 $974 $1,142 $1,291 Effective Rents Per SF $1.41 $1.26 $1.10 $1.01 Concessions 0.5% 0.4% 0.4% 0.4% Changes Past Year in Rent Comps Studio 1 Bedroom 2 Bedroom 3 Bedroom Year-Over-Year Effective Rent Growth 0.1% 3.1% 6.2% 0.7% Year-Over-Year Vacancy Rate Change -1.0% 1.6% 0.6% -0.6% 12 Month Absorption in Units 1 42 42 3 EXISTING UNITS VACANT UNITS ASKING RENT PER UNIT PER MONTH 12 MONTH ABSORPTION IN UNITS 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 37 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 177 One Bedroom Rent Comparables 100 Suburban Park Dr Change in Rent Year-Over-Year Effective Rent Growth 0.1% 3.1% 6.2% 0.7% Year-Over-Year Vacancy Rate Change -1.0% 1.6% 0.6% -0.6% 12 Month Absorption in Units 1 42 42 3 EXISTING UNITS VACANT UNITS ASKING RENT PER UNIT PER MONTH 12 MONTH ABSORPTION IN UNITS 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 37 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 177 One Bedroom Rent Comparables 100 Suburban Park Dr Change in Rent Property Name/Address Rating One Bedroom Rent Per Unit Rent/SF Quarter Year The Lofts at Madison Row Apa… $1,291 $1.88 -0.1% 0.9% 7650 Highbridge Rd Rivers Pointe Apartments $1,267 $1.45 1.2% 0.0% 3801 Rivers Pointe Way $1,233 $1,310 Suburban Park Apartments $1,212 $1.35 -0.1% 1.0% 100 Suburban Park Dr Regency Tower $1,197 $1.30 0.1% 0.1% 770 James St $1,196 $1,201 Property Name/Address Rating One Bedroom Rent Per Unit Rent/SF Quarter Year The Lofts at Madison Row Apa… $1,291 $1.88 -0.1% 0.9% 7650 Highbridge Rd Rivers Pointe Apartments $1,267 $1.45 1.2% 0.0% 3801 Rivers Pointe Way $1,233 $1,310 Suburban Park Apartments $1,212 $1.35 -0.1% 1.0% 100 Suburban Park Dr Regency Tower $1,197 $1.30 0.1% 0.1% 770 James St $1,196 $1,201 High Acres $1,083 $1.57 -4.6% 18.7% 5111 Ball Rd $945 $1,175 Tulip Ridge Apartments $1,025 - 0.0% 0.9% 1225 Tulip St Westminster Place $1,022 $1.45 0.0% 8.6% 7475 Morgan Rd Center Pointe at Radisson $984 $1.12 0.0% 7.6% 8927 Center Pointe Dr $973 $996 Clarendon Heights $954 $1.29 0.2% 10.0% 508 Ivy Ridge Rd $887 $1,061 High Acres $1,083 $1.57 -4.6% 18.7% 5111 Ball Rd $945 $1,175 Tulip Ridge Apartments $1,025 - 0.0% 0.9% 1225 Tulip St Westminster Place $1,022 $1.45 0.0% 8.6% 7475 Morgan Rd Center Pointe at Radisson $984 $1.12 0.0% 7.6% 8927 Center Pointe Dr $973 $996 Clarendon Heights $954 $1.29 0.2% 10.0% 508 Ivy Ridge Rd $887 $1,061 Grenadier Village $888 $1.28 0.0% 4.1% 100 Kings Park Dr $870 $910 Carriage House East $886 $1.16 0.0% 2.9% 311 W Seneca St Wildwood Ridge Apartments $880 $0.98 0.0% 0.0% 5100 Highbridge St Nob Hill Apartments $873 $1.12 0.1% -0.9% 101 Lafayette Rd $790 $917 Swiss Village Apartments $752 $1.06 0.0% 1.6% 99 Alpine Dr $700 $777 Grenadier Village $888 $1.28 0.0% 4.1% 100 Kings Park Dr $870 $910 Carriage House East $886 $1.16 0.0% 2.9% 311 W Seneca St Wildwood Ridge Apartments $880 $0.98 0.0% 0.0% 5100 Highbridge St Nob Hill Apartments $873 $1.12 0.1% -0.9% 101 Lafayette Rd $790 $917 Swiss Village Apartments $752 $1.06 0.0% 1.6% 99 Alpine Dr $700 $777 Manlius Academy Apartments $750 $1.08 0.0% 0.0% 4719 Kehoe Ln Fayetteville Pines Townhouses $704 $1.27 0.0% 0.5% 510-550 Warren St $0 $625 $1,250 $1,875 $2,500 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 38 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 178 Two Bedroom Rent Comparables 100 Suburban Park Dr Change in Rent Manlius Academy Apartments $750 $1.08 0.0% 0.0% 4719 Kehoe Ln Fayetteville Pines Townhouses $704 $1.27 0.0% 0.5% 510-550 Warren St $0 $625 $1,250 $1,875 $2,500 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 38 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 178 Two Bedroom Rent Comparables 100 Suburban Park Dr Change in Rent Property Name/Address Rating Two Bedroom Rent Per Unit Rent/SF Quarter Year Rivers Pointe Apartments $1,824 $1.71 5.0% 26.9% 3801 Rivers Pointe Way $1,621 $2,457 High Acres $1,466 $1.19 0.4% 10.4% 5111 Ball Rd $1,089 $1,764 Suburban Park Apartments $1,413 $1.41 -0.1% 1.0% 100 Suburban Park Dr Tulip Ridge Apartments $1,400 - 0.0% 0.9% 1225 Tulip St Property Name/Address Rating Two Bedroom Rent Per Unit Rent/SF Quarter Year Rivers Pointe Apartments $1,824 $1.71 5.0% 26.9% 3801 Rivers Pointe Way $1,621 $2,457 High Acres $1,466 $1.19 0.4% 10.4% 5111 Ball Rd $1,089 $1,764 Suburban Park Apartments $1,413 $1.41 -0.1% 1.0% 100 Suburban Park Dr Tulip Ridge Apartments $1,400 - 0.0% 0.9% 1225 Tulip St The Lofts at Madison Row Apa… $1,360 $1.73 -0.1% 1.0% 7650 Highbridge Rd Center Pointe at Radisson $1,253 $1.08 0.0% -7.7% 8927 Center Pointe Dr $1,246 $1,256 Regency Tower $1,188 $1.01 0.1% 0.1% 770 James St $1,166 $1,301 Clarendon Heights $1,151 $1.35 0.3% 13.0% 508 Ivy Ridge Rd Village Green $1,095 $1.12 0.0% 5.3% 100 S Village Blvd The Lofts at Madison Row Apa… $1,360 $1.73 -0.1% 1.0% 7650 Highbridge Rd Center Pointe at Radisson $1,253 $1.08 0.0% -7.7% 8927 Center Pointe Dr $1,246 $1,256 Regency Tower $1,188 $1.01 0.1% 0.1% 770 James St $1,166 $1,301 Clarendon Heights $1,151 $1.35 0.3% 13.0% 508 Ivy Ridge Rd Village Green $1,095 $1.12 0.0% 5.3% 100 S Village Blvd Westminster Place $1,065 $1.10 0.0% 7.7% 7475 Morgan Rd Grenadier Village $1,046 $1.21 0.0% 6.4% 100 Kings Park Dr $995 $1,078 Carriage House East $1,030 $0.99 0.0% 2.5% 311 W Seneca St Fayetteville Pines Townhouses $994 $0.88 0.0% 0.6% 510-550 Warren St $932 $1,056 Wildwood Ridge Apartments $985 $0.82 0.0% 0.0% 5100 Highbridge St Westminster Place $1,065 $1.10 0.0% 7.7% 7475 Morgan Rd Grenadier Village $1,046 $1.21 0.0% 6.4% 100 Kings Park Dr $995 $1,078 Carriage House East $1,030 $0.99 0.0% 2.5% 311 W Seneca St Fayetteville Pines Townhouses $994 $0.88 0.0% 0.6% 510-550 Warren St $932 $1,056 Wildwood Ridge Apartments $985 $0.82 0.0% 0.0% 5100 Highbridge St Nob Hill Apartments $961 $0.94 -2.7% -3.9% 101 Lafayette Rd $804 $1,138 Townhouse East $920 $0.84 0.0% 1.9% 128 W Pleasant St Manlius Academy Apartments $893 $0.92 0.0% 0.2% 4719 Kehoe Ln $772 $1,050 Swiss Village Apartments $839 $0.96 0.2% 1.1% 99 Alpine Dr $802 $915 $0 $875 $1,750 $2,625 $3,500 Nob Hill Apartments $961 $0.94 -2.7% -3.9% 101 Lafayette Rd $804 $1,138 Townhouse East $920 $0.84 0.0% 1.9% 128 W Pleasant St Manlius Academy Apartments $893 $0.92 0.0% 0.2% 4719 Kehoe Ln $772 $1,050 Swiss Village Apartments $839 $0.96 0.2% 1.1% 99 Alpine Dr $802 $915 $0 $875 $1,750 $2,625 $3,500 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 39 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 179 Changes in Rent Comparables 100 Suburban Park Dr 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 39 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 179 Changes in Rent Comparables 100 Suburban Park Dr VACANCY CHANGES PAST QUARTER & YEAR Vacancy Levels Change Property Name - Address Rating Units Now Last Qtr Last Year Past Qtr Past Year Rivers Pointe Apartments - 3801 Rivers Pointe… 416 2.9% 2.9% 4.4% 0% -1.5% High Acres - 5111 Ball Rd 348 1.6% 1.7% 3.5% 0% -1.9% Nob Hill Apartments - 101 Lafayette Rd 762 6.3% 6.3% 8.1% 0% -1.8% Westminster Place - 7475 Morgan Rd 260 3.1% 3.1% 3.1% 0% 0% Regency Tower - 770 James St 243 9.4% 9.5% 10.0% 0% -0.6% Swiss Village Apartments - 99 Alpine Dr 240 4.3% 4.4% 5.2% 0% -0.8% Carriage House East - 311 W Seneca St 181 0.9% 0.9% 0.8% 0% 0.1% VACANCY CHANGES PAST QUARTER & YEAR Vacancy Levels Change Property Name - Address Rating Units Now Last Qtr Last Year Past Qtr Past Year Rivers Pointe Apartments - 3801 Rivers Pointe… 416 2.9% 2.9% 4.4% 0% -1.5% High Acres - 5111 Ball Rd 348 1.6% 1.7% 3.5% 0% -1.9% Nob Hill Apartments - 101 Lafayette Rd 762 6.3% 6.3% 8.1% 0% -1.8% Westminster Place - 7475 Morgan Rd 260 3.1% 3.1% 3.1% 0% 0% Regency Tower - 770 James St 243 9.4% 9.5% 10.0% 0% -0.6% Swiss Village Apartments - 99 Alpine Dr 240 4.3% 4.4% 5.2% 0% -0.8% Carriage House East - 311 W Seneca St 181 0.9% 0.9% 0.8% 0% 0.1% Fayetteville Pines Townhouses - 510-550 Warre… 78 1.9% 1.9% 2.5% 0% -0.6% Village Green - 100 S Village Blvd 53 0.7% 0.7% 1.0% 0% -0.3% Center Pointe at Radisson - 8927 Center Pointe Dr 120 0.1% 0.1% 0.7% 0% -0.7% Clarendon Heights - 508 Ivy Ridge Rd 256 0% 0% 0% 0% 0% Grenadier Village - 100 Kings Park Dr 534 0% 0% 0.2% 0% -0.2% Manlius Academy Apartments - 4719 Kehoe Ln 187 0% 0% 1.2% 0% -1.2% Suburban Park Apartments - 100 Suburban Park… 128 0% 0% 0% 0% 0% The Lofts at Madison Row Apartments - 7650 H… 4 0% 0% 0% 0% 0% Townhouse East - 128 W Pleasant St 142 0% 0% 0% 0% 0% Fayetteville Pines Townhouses - 510-550 Warre… 78 1.9% 1.9% 2.5% 0% -0.6% Village Green - 100 S Village Blvd 53 0.7% 0.7% 1.0% 0% -0.3% Center Pointe at Radisson - 8927 Center Pointe Dr 120 0.1% 0.1% 0.7% 0% -0.7% Clarendon Heights - 508 Ivy Ridge Rd 256 0% 0% 0% 0% 0% Grenadier Village - 100 Kings Park Dr 534 0% 0% 0.2% 0% -0.2% Manlius Academy Apartments - 4719 Kehoe Ln 187 0% 0% 1.2% 0% -1.2% Suburban Park Apartments - 100 Suburban Park… 128 0% 0% 0% 0% 0% The Lofts at Madison Row Apartments - 7650 H… 4 0% 0% 0% 0% 0% Townhouse East - 128 W Pleasant St 142 0% 0% 0% 0% 0% Wildwood Ridge Apartments - 5100 Highbridge St 268 10.1% 10.1% 7.6% 0% 2.5% Wildwood Ridge Apartments - 5100 Highbridge St 268 10.1% 10.1% 7.6% 0% 2.5% ASKING RENT CHANGES PAST QUARTER & YEAR - STUDIO Rents Levels Change Property Name - Address Rating Units Now Last Qtr Last Year Past Qtr Past Year Manlius Academy Apartments - 4719 Kehoe Ln 44 $645 $645 $648 0% -0.3% Regency Tower - 770 James St 15 $934 $933 $933 0.1% 0.1% 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 40 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 180 Changes in Rent Comparables 100 Suburban Park Dr ASKING RENT CHANGES PAST QUARTER & YEAR - STUDIO Rents Levels Change Property Name - Address Rating Units Now Last Qtr Last Year Past Qtr Past Year Manlius Academy Apartments - 4719 Kehoe Ln 44 $645 $645 $648 0% -0.3% Regency Tower - 770 James St 15 $934 $933 $933 0.1% 0.1% 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 40 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 180 Changes in Rent Comparables 100 Suburban Park Dr ASKING RENT CHANGES PAST QUARTER & YEAR - ONE BEDROOM Rents Levels Change Property Name - Address Rating Units Now Last Qtr Last Year Past Qtr Past Year High Acres - 5111 Ball Rd 112 $1,083 $1,136 $912 -4.6% 18.7% Suburban Park Apartments - 100 Suburban Park… 32 $1,212 $1,212 $1,200 -0.1% 1.0% The Lofts at Madison Row Apartments - 7650 H… 1 $1,291 $1,292 $1,279 -0.1% 0.9% Carriage House East - 311 W Seneca St 60 $886 $886 $862 0% 2.9% Grenadier Village - 100 Kings Park Dr 186 $888 $888 $853 0% 4.1% Village Green - 100 S Village Blvd 1 $975 $975 $990 0% -1.5% Westminster Place - 7475 Morgan Rd 48 $1,022 $1,022 $941 0% 8.6% ASKING RENT CHANGES PAST QUARTER & YEAR - ONE BEDROOM Rents Levels Change Property Name - Address Rating Units Now Last Qtr Last Year Past Qtr Past Year High Acres - 5111 Ball Rd 112 $1,083 $1,136 $912 -4.6% 18.7% Suburban Park Apartments - 100 Suburban Park… 32 $1,212 $1,212 $1,200 -0.1% 1.0% The Lofts at Madison Row Apartments - 7650 H… 1 $1,291 $1,292 $1,279 -0.1% 0.9% Carriage House East - 311 W Seneca St 60 $886 $886 $862 0% 2.9% Grenadier Village - 100 Kings Park Dr 186 $888 $888 $853 0% 4.1% Village Green - 100 S Village Blvd 1 $975 $975 $990 0% -1.5% Westminster Place - 7475 Morgan Rd 48 $1,022 $1,022 $941 0% 8.6% Wildwood Ridge Apartments - 5100 Highbridge St 68 $880 $880 $880 0% 0% Swiss Village Apartments - 99 Alpine Dr 110 $753 $753 $741 0% 1.6% Fayetteville Pines Townhouses - 510-550 Warre… 26 $704 $704 $700 0% 0.5% Center Pointe at Radisson - 8927 Center Pointe Dr 8 $984 $984 $925 0% 6.4% Manlius Academy Apartments - 4719 Kehoe Ln 62 $750 $750 $750 0% 0% Regency Tower - 770 James St 147 $1,198 $1,197 $1,197 0.1% 0.1% Nob Hill Apartments - 101 Lafayette Rd 228 $873 $872 $881 0.1% -0.9% Clarendon Heights - 508 Ivy Ridge Rd 129 $954 $953 $867 0.2% 10.0% Rivers Pointe Apartments - 3801 Rivers Pointe… 179 $1,267 $1,252 $1,267 1.2% 0% Wildwood Ridge Apartments - 5100 Highbridge St 68 $880 $880 $880 0% 0% Swiss Village Apartments - 99 Alpine Dr 110 $753 $753 $741 0% 1.6% Fayetteville Pines Townhouses - 510-550 Warre… 26 $704 $704 $700 0% 0.5% Center Pointe at Radisson - 8927 Center Pointe Dr 8 $984 $984 $925 0% 6.4% Manlius Academy Apartments - 4719 Kehoe Ln 62 $750 $750 $750 0% 0% Regency Tower - 770 James St 147 $1,198 $1,197 $1,197 0.1% 0.1% Nob Hill Apartments - 101 Lafayette Rd 228 $873 $872 $881 0.1% -0.9% Clarendon Heights - 508 Ivy Ridge Rd 129 $954 $953 $867 0.2% 10.0% Rivers Pointe Apartments - 3801 Rivers Pointe… 179 $1,267 $1,252 $1,267 1.2% 0% 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 41 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 181 Changes in Rent Comparables 100 Suburban Park Dr 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 41 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 181 Changes in Rent Comparables 100 Suburban Park Dr ASKING RENT CHANGES PAST QUARTER & YEAR - TWO BEDROOM Rents Levels Change Property Name - Address Rating Units Now Last Qtr Last Year Past Qtr Past Year Nob Hill Apartments - 101 Lafayette Rd 384 $962 $988 $1,001 -2.7% -3.9% Suburban Park Apartments - 100 Suburban Park… 96 $1,413 $1,415 $1,400 -0.1% 1.0% The Lofts at Madison Row Apartments - 7650 H… 3 $1,360 $1,361 $1,347 -0.1% 1.0% Carriage House East - 311 W Seneca St 121 $1,029 $1,029 $1,005 0% 2.5% Grenadier Village - 100 Kings Park Dr 186 $1,046 $1,046 $983 0% 6.4% Village Green - 100 S Village Blvd 52 $1,095 $1,095 $1,041 0% 5.2% Westminster Place - 7475 Morgan Rd 212 $1,065 $1,065 $989 0% 7.7% ASKING RENT CHANGES PAST QUARTER & YEAR - TWO BEDROOM Rents Levels Change Property Name - Address Rating Units Now Last Qtr Last Year Past Qtr Past Year Nob Hill Apartments - 101 Lafayette Rd 384 $962 $988 $1,001 -2.7% -3.9% Suburban Park Apartments - 100 Suburban Park… 96 $1,413 $1,415 $1,400 -0.1% 1.0% The Lofts at Madison Row Apartments - 7650 H… 3 $1,360 $1,361 $1,347 -0.1% 1.0% Carriage House East - 311 W Seneca St 121 $1,029 $1,029 $1,005 0% 2.5% Grenadier Village - 100 Kings Park Dr 186 $1,046 $1,046 $983 0% 6.4% Village Green - 100 S Village Blvd 52 $1,095 $1,095 $1,041 0% 5.2% Westminster Place - 7475 Morgan Rd 212 $1,065 $1,065 $989 0% 7.7% Wildwood Ridge Apartments - 5100 Highbridge St 166 $985 $985 $985 0% 0% Manlius Academy Apartments - 4719 Kehoe Ln 81 $905 $904 $903 0% 0.2% Townhouse East - 128 W Pleasant St 142 $920 $920 $903 0% 1.9% Fayetteville Pines Townhouses - 510-550 Warre… 52 $994 $994 $988 0% 0.6% Center Pointe at Radisson - 8927 Center Pointe Dr 72 $1,253 $1,252 $1,332 0% -5.9% Regency Tower - 770 James St 55 $1,201 $1,200 $1,200 0.1% 0.1% Swiss Village Apartments - 99 Alpine Dr 128 $840 $838 $831 0.2% 1.1% Clarendon Heights - 508 Ivy Ridge Rd 127 $1,151 $1,148 $1,018 0.3% 13.0% High Acres - 5111 Ball Rd 234 $1,466 $1,461 $1,329 0.4% 10.4% Wildwood Ridge Apartments - 5100 Highbridge St 166 $985 $985 $985 0% 0% Manlius Academy Apartments - 4719 Kehoe Ln 81 $905 $904 $903 0% 0.2% Townhouse East - 128 W Pleasant St 142 $920 $920 $903 0% 1.9% Fayetteville Pines Townhouses - 510-550 Warre… 52 $994 $994 $988 0% 0.6% Center Pointe at Radisson - 8927 Center Pointe Dr 72 $1,253 $1,252 $1,332 0% -5.9% Regency Tower - 770 James St 55 $1,201 $1,200 $1,200 0.1% 0.1% Swiss Village Apartments - 99 Alpine Dr 128 $840 $838 $831 0.2% 1.1% Clarendon Heights - 508 Ivy Ridge Rd 127 $1,151 $1,148 $1,018 0.3% 13.0% High Acres - 5111 Ball Rd 234 $1,466 $1,461 $1,329 0.4% 10.4% Rivers Pointe Apartments - 3801 Rivers Pointe… 220 $1,824 $1,738 $1,438 5.0% 26.9% Rivers Pointe Apartments - 3801 Rivers Pointe… 220 $1,824 $1,738 $1,438 5.0% 26.9% ASKING RENT CHANGES PAST QUARTER & YEAR - THREE BEDROOM Rents Levels Change Property Name - Address Rating Units Now Last Qtr Last Year Past Qtr Past Year High Acres - 5111 Ball Rd 2 $1,769 $1,770 $1,664 -0.1% 6.3% Swiss Village Apartments - 99 Alpine Dr 2 $910 $910 $910 0% 0% Wildwood Ridge Apartments - 5100 Highbridge St 34 $1,600 $1,600 $1,600 0% 0% Center Pointe at Radisson - 8927 Center Pointe Dr 40 $1,555 $1,555 $1,590 0% -2.2% Regency Tower - 770 James St 26 $1,417 $1,416 $1,416 0.1% 0.1% Grenadier Village - 100 Kings Park Dr 162 $1,197 $1,167 $1,136 2.5% 5.3% Nob Hill Apartments - 101 Lafayette Rd 150 $1,080 $999 $1,239 8.2% -12.8% ASKING RENT CHANGES PAST QUARTER & YEAR - THREE BEDROOM Rents Levels Change Property Name - Address Rating Units Now Last Qtr Last Year Past Qtr Past Year High Acres - 5111 Ball Rd 2 $1,769 $1,770 $1,664 -0.1% 6.3% Swiss Village Apartments - 99 Alpine Dr 2 $910 $910 $910 0% 0% Wildwood Ridge Apartments - 5100 Highbridge St 34 $1,600 $1,600 $1,600 0% 0% Center Pointe at Radisson - 8927 Center Pointe Dr 40 $1,555 $1,555 $1,590 0% -2.2% Regency Tower - 770 James St 26 $1,417 $1,416 $1,416 0.1% 0.1% Grenadier Village - 100 Kings Park Dr 162 $1,197 $1,167 $1,136 2.5% 5.3% Nob Hill Apartments - 101 Lafayette Rd 150 $1,080 $999 $1,239 8.2% -12.8% Rivers Pointe Apartments - 3801 Rivers Pointe… 17 $2,782 $2,098 $1,676 32.6% 66.0% 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 42 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 182 Rent Trends 100 Suburban Park Dr Suburban Park Southern Onondaga PROPERTY ATTRIBUTES Rent Comps Syracuse 2-4 Star Apartments County 2-4 Star Existing Units 128 4,166 3,359 49,849 Rivers Pointe Apartments - 3801 Rivers Pointe… 17 $2,782 $2,098 $1,676 32.6% 66.0% 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 42 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 182 Rent Trends 100 Suburban Park Dr Suburban Park Southern Onondaga PROPERTY ATTRIBUTES Rent Comps Syracuse 2-4 Star Apartments County 2-4 Star Existing Units 128 4,166 3,359 49,849 Building Rating 2.8 2.4 2.3 Under Construction as % of Inventory - - - 0.7% Suburban Park Southern Onondaga UNIT MIX Rent Comps Syracuse 2-4 Star Apartments County 2-4 Star 1 Bedroom - 1 Bath 25% 34% 37% 35% 2 Bedroom - 2 Bath 75% 12% 4% 6% Building Rating 2.8 2.4 2.3 Under Construction as % of Inventory - - - 0.7% Suburban Park Southern Onondaga UNIT MIX Rent Comps Syracuse 2-4 Star Apartments County 2-4 Star 1 Bedroom - 1 Bath 25% 34% 37% 35% 2 Bedroom - 2 Bath 75% 12% 4% 6% Suburban Park Southern Onondaga ASKING RENTS PER SF Rent Comps Syracuse 2-4 Star Apartments County 2-4 Star 1 Bedroom - 1 Bath $1.35 $1.26 $1.88 $1.31 2 Bedroom - 2 Bath $1.41 $1.33 $2.98 $1.47 Concessions 0.3% 0.4% 0.5% 0.6% Suburban Park Southern Onondaga AVERAGE EFFECTIVE RENT GROWTH Rent Comps Syracuse 2-4 Star Apartments County 2-4 Star Current Quarter -0.1% 0.9% 1.1% 0.2% Suburban Park Southern Onondaga ASKING RENTS PER SF Rent Comps Syracuse 2-4 Star Apartments County 2-4 Star 1 Bedroom - 1 Bath $1.35 $1.26 $1.88 $1.31 2 Bedroom - 2 Bath $1.41 $1.33 $2.98 $1.47 Concessions 0.3% 0.4% 0.5% 0.6% Suburban Park Southern Onondaga AVERAGE EFFECTIVE RENT GROWTH Rent Comps Syracuse 2-4 Star Apartments County 2-4 Star Current Quarter -0.1% 0.9% 1.1% 0.2% 1 Year Rent Growth 0.7% 4.8% 7.0% 3.6% 3 Year Rent Growth 13.3% 16.0% 19.4% 9.6% 5 Year Rent Growth 32.7% 16.2% 21.5% 12.8% All-Time Average 2.7% 2.0% 2.0% 1.6% Suburban Park Southern Onondaga VACANCY RATE Rent Comps Syracuse 2-4 Star Apartments County 2-4 Star Current Quarter 0.0% 4.8% 2.8% 3.6% Last Quarter 0.0% 4.9% 2.8% 3.7% 1 Year Ago 0.0% 4.1% 3.1% 4.3% 1 Year Rent Growth 0.7% 4.8% 7.0% 3.6% 3 Year Rent Growth 13.3% 16.0% 19.4% 9.6% 5 Year Rent Growth 32.7% 16.2% 21.5% 12.8% All-Time Average 2.7% 2.0% 2.0% 1.6% Suburban Park Southern Onondaga VACANCY RATE Rent Comps Syracuse 2-4 Star Apartments County 2-4 Star Current Quarter 0.0% 4.8% 2.8% 3.6% Last Quarter 0.0% 4.9% 2.8% 3.7% 1 Year Ago 0.0% 4.1% 3.1% 4.3% 3 Years Ago 1.6% 5.0% 4.3% 5.4% 5 Years Ago 0.8% 2.4% 4.0% 4.1% 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 43 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 183 Rent Trends 100 Suburban Park Dr 3 Years Ago 1.6% 5.0% 4.3% 5.4% 5 Years Ago 0.8% 2.4% 4.0% 4.1% 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 43 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 183 Rent Trends 100 Suburban Park Dr TWO BEDROOM ASKING RENT PER SQUARE FOOT 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 44 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 184 Rent Trends 100 Suburban Park Dr TWO BEDROOM ASKING RENT PER SQUARE FOOT 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 44 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 184 Rent Trends 100 Suburban Park Dr OVERALL EFFECTIVE RENT PER SQUARE FOOT 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 45 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 185 Rent Trends 100 Suburban Park Dr OVERALL EFFECTIVE RENT PER SQUARE FOOT 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 45 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 185 Rent Trends 100 Suburban Park Dr CONCESSIONS 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 46 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 186 Rent Trends 100 Suburban Park Dr CONCESSIONS 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 46 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 186 Rent Trends 100 Suburban Park Dr OCCUPANCY RATES 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 47 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 187 Rent Trends 100 Suburban Park Dr OCCUPANCY RATES 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 47 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 187 Rent Trends 100 Suburban Park Dr RENT COMPARABLES HISTORICAL DATA BY YEAR Rental Rates Per SF Vacancy Year Units Asking Effective Growth Concessions Units Percent Change Absorption 2021 4,092 $1.13 $1.13 4.8% 0.4% 138 3.4% -0.5% 0 2020 4,092 $1.08 $1.08 10.6% 0.5% 157 3.8% -2.1% 9 2019 4,092 $0.99 $0.98 -1.5% 1.3% 243 6.0% 1.0% (8) 2018 4,092 $1.00 $0.99 0.8% 0.8% 204 5.0% -1.5% 1 2017 4,092 $1.00 $0.98 2.9% 2.2% 264 6.5% 2.8% (50) 2016 4,092 $0.97 $0.95 -0.2% 1.1% 149 3.7% 0.6% (50) 2015 4,092 $0.96 $0.96 2.6% 0.7% 125 3.1% -1.2% (7) 2014 4,088 $0.95 $0.93 1.7% 1.4% 176 4.3% 0.7% 29 2013 3,672 $0.92 $0.92 7.9% 0.4% 132 3.6% 1.0% 6 RENT COMPARABLES HISTORICAL DATA BY YEAR Rental Rates Per SF Vacancy Year Units Asking Effective Growth Concessions Units Percent Change Absorption 2021 4,092 $1.13 $1.13 4.8% 0.4% 138 3.4% -0.5% 0 2020 4,092 $1.08 $1.08 10.6% 0.5% 157 3.8% -2.1% 9 2019 4,092 $0.99 $0.98 -1.5% 1.3% 243 6.0% 1.0% (8) 2018 4,092 $1.00 $0.99 0.8% 0.8% 204 5.0% -1.5% 1 2017 4,092 $1.00 $0.98 2.9% 2.2% 264 6.5% 2.8% (50) 2016 4,092 $0.97 $0.95 -0.2% 1.1% 149 3.7% 0.6% (50) 2015 4,092 $0.96 $0.96 2.6% 0.7% 125 3.1% -1.2% (7) 2014 4,088 $0.95 $0.93 1.7% 1.4% 176 4.3% 0.7% 29 2013 3,672 $0.92 $0.92 7.9% 0.4% 132 3.6% 1.0% 6 2012 3,672 $0.85 $0.85 1.1% 0.4% 96 2.6% 0.2% (2) 2012 3,672 $0.85 $0.85 1.1% 0.4% 96 2.6% 0.2% (2) RENT COMPARABLES HISTORICAL DATA BY QUARTER PAST 3 YEARS Rental Rates Per SF Vacancy Quarter Units Asking Effective Growth Concessions Units Percent Change Absorption 2021 Q3 4,092 $1.13 $1.13 0.9% 0.4% 138 3.4% 0.0% 0 2021 Q2 4,092 $1.13 $1.12 1.1% 0.5% 138 3.4% -0.2% 9 2021 Q1 4,092 $1.11 $1.11 2.8% 0.3% 147 3.6% -0.2% 9 2020 Q4 4,092 $1.08 $1.08 0.0% 0.5% 157 3.8% -0.2% 9 2020 Q3 4,092 $1.08 $1.08 3.1% 0.4% 166 4.1% -0.4% 17 2020 Q2 4,092 $1.05 $1.05 2.3% 0.4% 183 4.5% -0.4% 16 2020 Q1 4,092 $1.03 $1.02 4.9% 0.5% 199 4.9% -1.1% 44 2019 Q4 4,092 $0.99 $0.98 -3.0% 1.3% 243 6.0% 0.2% (8) RENT COMPARABLES HISTORICAL DATA BY QUARTER PAST 3 YEARS Rental Rates Per SF Vacancy Quarter Units Asking Effective Growth Concessions Units Percent Change Absorption 2021 Q3 4,092 $1.13 $1.13 0.9% 0.4% 138 3.4% 0.0% 0 2021 Q2 4,092 $1.13 $1.12 1.1% 0.5% 138 3.4% -0.2% 9 2021 Q1 4,092 $1.11 $1.11 2.8% 0.3% 147 3.6% -0.2% 9 2020 Q4 4,092 $1.08 $1.08 0.0% 0.5% 157 3.8% -0.2% 9 2020 Q3 4,092 $1.08 $1.08 3.1% 0.4% 166 4.1% -0.4% 17 2020 Q2 4,092 $1.05 $1.05 2.3% 0.4% 183 4.5% -0.4% 16 2020 Q1 4,092 $1.03 $1.02 4.9% 0.5% 199 4.9% -1.1% 44 2019 Q4 4,092 $0.99 $0.98 -3.0% 1.3% 243 6.0% 0.2% (8) 2019 Q3 4,092 $1.01 $1.01 -0.3% 0.7% 236 5.8% 0.3% (12) 2019 Q2 4,092 $1.02 $1.01 -0.5% 1.1% 224 5.5% -0.1% 3 2019 Q1 4,092 $1.03 $1.01 2.4% 1.1% 226 5.5% 0.6% (23) 2018 Q4 4,092 $1.00 $0.99 1.6% 0.8% 204 5.0% 0.0% 1 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 48 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 188 Construction Survey 2019 Q3 4,092 $1.01 $1.01 -0.3% 0.7% 236 5.8% 0.3% (12) 2019 Q2 4,092 $1.02 $1.01 -0.5% 1.1% 224 5.5% -0.1% 3 2019 Q1 4,092 $1.03 $1.01 2.4% 1.1% 226 5.5% 0.6% (23) 2018 Q4 4,092 $1.00 $0.99 1.6% 0.8% 204 5.0% 0.0% 1 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 48 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 188 Construction Survey 100 Suburban Park Dr Suburban Park Apartments 128 Unit Apartment Building Manlius, New York - Outer S Onondaga County Neighborhood 100 Suburban Park Dr Suburban Park Apartments 128 Unit Apartment Building Manlius, New York - Outer S Onondaga County Neighborhood PREPARED BY Patrick Wayne Senior Page Sales 189 Executive, CRE Overall Construction Summary 100 Suburban Park Dr All-Time Annual Average Delivered Past 8 Quarters Deliveries Next 8 Quarters Proposed Next 8 Quarters 40 278 120 335 MAP OF 24 MONTH DELIVERIES, UNDER CONSTRUCTION, PROPOSED PREPARED BY Patrick Wayne Senior Page Sales 189 Executive, CRE Overall Construction Summary 100 Suburban Park Dr All-Time Annual Average Delivered Past 8 Quarters Deliveries Next 8 Quarters Proposed Next 8 Quarters 40 278 120 335 MAP OF 24 MONTH DELIVERIES, UNDER CONSTRUCTION, PROPOSED PAST AND FUTURE DELIVERIES 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 50 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 190 Under Construction Properties 100 Suburban Park Dr Properties Units Percent of Inventory Avg. No. Units 3 120 0.7% 40 UNDER CONSTRUCTION PROPERTIES PAST AND FUTURE DELIVERIES 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 50 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 190 Under Construction Properties 100 Suburban Park Dr Properties Units Percent of Inventory Avg. No. Units 3 120 0.7% 40 UNDER CONSTRUCTION PROPERTIES UNDER CONSTRUCTION SUMMARY STATISTICS Low Average Median High Property Size in Units 29 40 37 54 Number of Stories 3 3 3 3 Average Unit Size SF 474 474 474 474 Star Rating 3.3 Estimated Delivery Date Sep 2021 Oct 2021 Nov 2021 Dec 2021 Months to Delivery 2 3 4 5 Construction Period in Months 17 19 21 21 UNDER CONSTRUCTION SUMMARY STATISTICS Low Average Median High Property Size in Units 29 40 37 54 Number of Stories 3 3 3 3 Average Unit Size SF 474 474 474 474 Star Rating 3.3 Estimated Delivery Date Sep 2021 Oct 2021 Nov 2021 Dec 2021 Months to Delivery 2 3 4 5 Construction Period in Months 17 19 21 21 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 51 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 191 Under Construction Properties 100 Suburban Park Dr 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 51 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 191 Under Construction Properties 100 Suburban Park Dr COMPLETIONS WITHIN NEXT 3 MONTHS Property Name/Address Rating Units Stories Start Complete Developer/Owner Smith Lofts - 1 37 - Apr 2020 Sep 2021 500 Erie Blvd E Paulus Development Co. COMPLETIONS WITHIN NEXT 3 MONTHS Property Name/Address Rating Units Stories Start Complete Developer/Owner Smith Lofts - 1 37 - Apr 2020 Sep 2021 500 Erie Blvd E Paulus Development Co. COMPLETIONS 3-6 MONTHS AWAY Property Name/Address Rating Units Stories Start Complete Developer/Owner 1007 Madison St - 2 29 3 Feb 2020 Nov 2021 Cuse Real Estate 411 W Clovin St Home Leasing 3 54 - Mar 2020 Dec 2021 Jennifer Defranco 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 52 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 192 COMPLETIONS 3-6 MONTHS AWAY Property Name/Address Rating Units Stories Start Complete Developer/Owner 1007 Madison St - 2 29 3 Feb 2020 Nov 2021 Cuse Real Estate 411 W Clovin St Home Leasing 3 54 - Mar 2020 Dec 2021 Jennifer Defranco 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 52 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 192 Under Construction Properties 100 Suburban Park Dr Under Construction Properties 100 Suburban Park Dr 500 Erie Blvd E - Smith Lofts Syracuse, New York - Downtown Syracuse Neighborhood PROPERTY CONSTRUCTION INFO Property Size: 37 Units Start Date: Apr 2020 Stories: - Completion Date: Sep 2021 Average Unit Size: 474 SF Build Time: 17 Months Rent Type: Affordable Time to Delivery: 2 Months OWNER Paulus Development Co. 500 Erie Blvd E - Smith Lofts Syracuse, New York - Downtown Syracuse Neighborhood PROPERTY CONSTRUCTION INFO Property Size: 37 Units Start Date: Apr 2020 Stories: - Completion Date: Sep 2021 Average Unit Size: 474 SF Build Time: 17 Months Rent Type: Affordable Time to Delivery: 2 Months OWNER Paulus Development Co. 1007 Madison St Syracuse, New York - Eastside Neighborhood PROPERTY CONSTRUCTION INFO Property Size: 29 Units Start Date: Feb 2020 Stories: 3 Completion Date: Nov 2021 Average Unit Size: - Build Time: 21 Months Rent Type: Market Time to Delivery: 4 Months OWNER Cuse Real Estate 1007 Madison St Syracuse, New York - Eastside Neighborhood PROPERTY CONSTRUCTION INFO Property Size: 29 Units Start Date: Feb 2020 Stories: 3 Completion Date: Nov 2021 Average Unit Size: - Build Time: 21 Months Rent Type: Market Time to Delivery: 4 Months OWNER Cuse Real Estate 411 W Clovin St Syracuse, New York - Southside Neighborhood PROPERTY CONSTRUCTION INFO Property Size: 54 Units Start Date: Mar 2020 Stories: - Completion Date: Dec 2021 Average Unit Size: - Build Time: 21 Months Rent Type: Affordable Time to Delivery: 5 Months 411 W Clovin St Syracuse, New York - Southside Neighborhood PROPERTY CONSTRUCTION INFO Property Size: 54 Units Start Date: Mar 2020 Stories: - Completion Date: Dec 2021 Average Unit Size: - Build Time: 21 Months Rent Type: Affordable Time to Delivery: 5 Months DEVELOPER OWNER Home Leasing Jennifer Defranco 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 53 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 193 Deliveries Past 12 Months Summary 100 Suburban Park Dr Properties Units Vacancy Rate Avg. Asking Rent/Unit 1 213 31.0% $2,242 DELIVERIES IN PAST 12 MONTHS DEVELOPER OWNER Home Leasing Jennifer Defranco 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 53 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 193 Deliveries Past 12 Months Summary 100 Suburban Park Dr Properties Units Vacancy Rate Avg. Asking Rent/Unit 1 213 31.0% $2,242 DELIVERIES IN PAST 12 MONTHS DELIVERIES PAST 12 MONTHS SUMMARY STATISTICS Unit Mix Low Average Median High Property Size in Units 213 213 213 213 Studio Units 3 3 3 3 One Bedroom Units 70 70 70 70 Two Bedroom Units 70 70 70 70 Three Bedroom Units 70 70 70 70 Property Attributes Low Average Median High Number of Stories 10 10 10 10 Average Unit Size SF 1,367 1,367 1,367 1,367 Rating 4.0 Leasing Performance Low Average Median High Vacancy Rate 31.0% 31.0% 31.0% 31.0% Asking Rent Per Unit $2,242 $2,242 $2,242 $2,242 Effective Rent Per Unit $2,138 $2,138 $2,138 $2,138 Asking Rent Per SF $1.64 $1.64 $1.64 $1.64 Effective Rent Per SF $1.56 $1.56 $1.56 $1.56 Concessions 4.7% 4.7% 4.7% 4.7% DELIVERIES PAST 12 MONTHS SUMMARY STATISTICS Unit Mix Low Average Median High Property Size in Units 213 213 213 213 Studio Units 3 3 3 3 One Bedroom Units 70 70 70 70 Two Bedroom Units 70 70 70 70 Three Bedroom Units 70 70 70 70 Property Attributes Low Average Median High Number of Stories 10 10 10 10 Average Unit Size SF 1,367 1,367 1,367 1,367 Rating 4.0 Leasing Performance Low Average Median High Vacancy Rate 31.0% 31.0% 31.0% 31.0% Asking Rent Per Unit $2,242 $2,242 $2,242 $2,242 Effective Rent Per Unit $2,138 $2,138 $2,138 $2,138 Asking Rent Per SF $1.64 $1.64 $1.64 $1.64 Effective Rent Per SF $1.56 $1.56 $1.56 $1.56 Concessions 4.7% 4.7% 4.7% 4.7% 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 54 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 194 Deliveries Past 12 Months Summary 100 Suburban Park Dr Property Name/Address Rating Units Stories Start Complete Developer/Owner 1 Washington Place - 212 10 Jun 17 Jul 20 300 E Washington St Carnegie Management, Inc. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 54 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 194 Deliveries Past 12 Months Summary 100 Suburban Park Dr Property Name/Address Rating Units Stories Start Complete Developer/Owner 1 Washington Place - 212 10 Jun 17 Jul 20 300 E Washington St Carnegie Management, Inc. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 55 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 195 Deliveries Past 12 Months 100 Suburban Park Dr 1 300 E Washington St - Washington Place Syracuse, New York - Downtown Syracuse Neighborhood 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 55 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 195 Deliveries Past 12 Months 100 Suburban Park Dr 1 300 E Washington St - Washington Place Syracuse, New York - Downtown Syracuse Neighborhood PROPERTY PROPERTY MANAGER Property Size: 212 Units, 10 Floors Acropolis - Nynex Building Avg. Unit Size: 1,368 SF (585) 406-4833 Year Built: 2020 Type: Apartments - All OWNER Rent Type: Market - Parking: - Distance to Subject: 9.98 Miles Distance to Transit: - PROPERTY PROPERTY MANAGER Property Size: 212 Units, 10 Floors Acropolis - Nynex Building Avg. Unit Size: 1,368 SF (585) 406-4833 Year Built: 2020 Type: Apartments - All OWNER Rent Type: Market - Parking: - Distance to Subject: 9.98 Miles Distance to Transit: - UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions Studio 1 - - - - - $1,750 - $1,668 - 4.7% Studio 1 575 1 0.5% 1 100% $1,450 $2.52 $1,382 $2.40 4.7% Studio 1 1,100 1 0.5% 1 100% $1,750 $1.59 $1,668 $1.52 4.7% 1 1 940 70 33.0% 40 57.1% $1,450 $1.54 $1,383 $1.47 4.6% 2 2 1,308 70 33.0% 30 42.9% $2,100 $1.61 $2,003 $1.53 4.6% 3 2 1,882 70 33.0% 30 42.9% $3,200 $1.70 $3,052 $1.62 4.6% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions Studio 1 - - - - - $1,750 - $1,668 - 4.7% Studio 1 575 1 0.5% 1 100% $1,450 $2.52 $1,382 $2.40 4.7% Studio 1 1,100 1 0.5% 1 100% $1,750 $1.59 $1,668 $1.52 4.7% 1 1 940 70 33.0% 40 57.1% $1,450 $1.54 $1,383 $1.47 4.6% 2 2 1,308 70 33.0% 30 42.9% $2,100 $1.61 $2,003 $1.53 4.6% 3 2 1,882 70 33.0% 30 42.9% $3,200 $1.70 $3,052 $1.62 4.6% Totals Avg SF Units Mix % Units Mix % Per Unit Per SF Per Unit Per SF Concessions All Studios 838 2 0.9% 2 100% $1,650 $1.91 $1,573 $1.82 4.7% All 1 Beds 940 70 33.0% 40 57.1% $1,450 $1.54 $1,383 $1.47 4.6% All 2 Beds 1,308 70 33.0% 30 42.9% $2,100 $1.61 $2,003 $1.53 4.6% All 3 Beds 1,882 70 33.0% 30 42.9% $3,200 $1.70 $3,052 $1.62 4.6% Totals 1,372 212 100% 102 48.1% $2,242 $1.64 $2,138 $1.56 4.6% Estimate Updated July 07, 2021 All Studios 838 2 0.9% 2 100% $1,650 $1.91 $1,573 $1.82 4.7% All 1 Beds 940 70 33.0% 40 57.1% $1,450 $1.54 $1,383 $1.47 4.6% All 2 Beds 1,308 70 33.0% 30 42.9% $2,100 $1.61 $2,003 $1.53 4.6% All 3 Beds 1,882 70 33.0% 30 42.9% $3,200 $1.70 $3,052 $1.62 4.6% Totals 1,372 212 100% 102 48.1% $2,242 $1.64 $2,138 $1.56 4.6% Estimate Updated July 07, 2021 SITE AMENITIES Business Center, Elevator, Fitness Center, Gameroom, Maintenance on site SITE AMENITIES Business Center, Elevator, Fitness Center, Gameroom, Maintenance on site UNIT AMENITIES Balcony, Dishwasher, High Speed Internet Access, Loft Layout, Microwave, Refrigerator, Stainless Steel Appliances, Tub/Shower UNIT AMENITIES Balcony, Dishwasher, High Speed Internet Access, Loft Layout, Microwave, Refrigerator, Stainless Steel Appliances, Tub/Shower RECURRING EXPENSES Unassigned Covered Parking $150-0 Free Water, Trash Removal, Sewer, Cable RECURRING EXPENSES Unassigned Covered Parking $150-0 Free Water, Trash Removal, Sewer, Cable ONE TIME EXPENSES Dog Deposit $250 Cat Deposit $250 Application Fee $20 ONE TIME EXPENSES Dog Deposit $250 Cat Deposit $250 Application Fee $20 PET POLICY Dog Allowed $250 Deposit, 30 lb. Maximum Cat Allowed $250 Deposit, 30 lb. Maximum 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 56 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 196 Construction Summary 100 Suburban Park Dr PET POLICY Dog Allowed $250 Deposit, 30 lb. Maximum Cat Allowed $250 Deposit, 30 lb. Maximum 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 56 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 196 Construction Summary 100 Suburban Park Dr PROJECTED DELIVERY DATES OF UNITS UNDER CONSTRUCTION 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 57 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 197 Construction Summary 100 Suburban Park Dr PROJECTED DELIVERY DATES OF UNITS UNDER CONSTRUCTION 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 57 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 197 Construction Summary 100 Suburban Park Dr CONSTRUCTION STARTS IN UNITS 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 58 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 198 Construction Summary 100 Suburban Park Dr CONSTRUCTION STARTS IN UNITS 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 58 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 198 Construction Summary 100 Suburban Park Dr UNITS OCCUPIED IN DELIVERIES OVER TIME 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 59 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 199 Construction Summary 100 Suburban Park Dr UNITS OCCUPIED IN DELIVERIES OVER TIME 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 59 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 199 Construction Summary 100 Suburban Park Dr NEW CONSTRUCTION OCCUPANCY AFTER DELIVERY BY YEAR BUILT NEW CONSTRUCTION OCCUPANCY AFTER DELIVERY BY YEAR BUILT ABSORPTION IN UNITS 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 60 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 200 Construction Summary 100 Suburban Park Dr ABSORPTION IN UNITS 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 60 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 200 Construction Summary 100 Suburban Park Dr CONCESSIONS IN DELIVERIES PER YEAR 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 61 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 201 Multi-Family Submarket Report Southern Onondaga County Syracuse - NY CONCESSIONS IN DELIVERIES PER YEAR 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 For more information regarding the information for on this report, please Page 61 contact Patrick Wayne, CoStar Group Inc, 585-545-8850 Page 201 Multi-Family Submarket Report Southern Onondaga County Syracuse - NY PREPARED BY Patrick Wayne Senior Page Sales 202 Executive, CRE Southern Onondaga County Multi-Family PREPARED BY Patrick Wayne Senior Page Sales 202 Executive, CRE Southern Onondaga County Multi-Family MULTI-FAMILY SUBMARKET REPORT Submarket Key Statistics 1 Vacancy 2 Rent 4 Construction 6 Sales 8 Sales Past 12 Months 10 Supply & Demand Trends 12 Vacancy & Rent 14 Sale Trends 16 Deliveries & Under Construction 18 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 203 Overview Southern Onondaga County Multi-Family MULTI-FAMILY SUBMARKET REPORT Submarket Key Statistics 1 Vacancy 2 Rent 4 Construction 6 Sales 8 Sales Past 12 Months 10 Supply & Demand Trends 12 Vacancy & Rent 14 Sale Trends 16 Deliveries & Under Construction 18 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 203 Overview Southern Onondaga County Multi-Family 12 Mo. Delivered Units 12 Mo. Absorption Units Vacancy Rate 12 Mo. Asking Rent Growth 0 8 2.8% 9.6% The vacancy rate in the Southern Onondaga County which is the strongest annual performance recorded here Submarket has remained stable over the past year, but in more than 10 years. at 2.8%, is slightly below the long-term average. There is some investment activity in the Southern Nothing has delivered over the past 12 months, and the Onondaga County Submarket. Over the past three years, apartment inventory is essentially the same as it was five there have been 9 transactions. The market price, which years ago. New supply will remain minimal in the near- is an estimated price of all properties in the submarket, term as nothing is currently underway. Rents have has risen at a steady pace over that time period and now increased by an impressive 9.6% over the past year, stands at about $110,000/unit. 12 Mo. Delivered Units 12 Mo. Absorption Units Vacancy Rate 12 Mo. Asking Rent Growth 0 8 2.8% 9.6% The vacancy rate in the Southern Onondaga County which is the strongest annual performance recorded here Submarket has remained stable over the past year, but in more than 10 years. at 2.8%, is slightly below the long-term average. There is some investment activity in the Southern Nothing has delivered over the past 12 months, and the Onondaga County Submarket. Over the past three years, apartment inventory is essentially the same as it was five there have been 9 transactions. The market price, which years ago. New supply will remain minimal in the near- is an estimated price of all properties in the submarket, term as nothing is currently underway. Rents have has risen at a steady pace over that time period and now increased by an impressive 9.6% over the past year, stands at about $110,000/unit. KEY INDICATORS Absorption Under Constr Current Quarter Units Vacancy Rate Asking Rent Effective Rent Delivered Units Units Units 4 & 5 Star 80 4.0% $1,016 $1,012 0 0 0 3 Star 1,048 2.2% $1,193 $1,188 0 0 0 1 & 2 Star 1,713 3.1% $1,014 $1,011 0 0 0 Submarket 2,841 2.8% $1,081 $1,077 0 0 0 Historical Forecast Annual Trends 12 Month Peak When Trough When Average Average KEY INDICATORS Absorption Under Constr Current Quarter Units Vacancy Rate Asking Rent Effective Rent Delivered Units Units Units 4 & 5 Star 80 4.0% $1,016 $1,012 0 0 0 3 Star 1,048 2.2% $1,193 $1,188 0 0 0 1 & 2 Star 1,713 3.1% $1,014 $1,011 0 0 0 Submarket 2,841 2.8% $1,081 $1,077 0 0 0 Historical Forecast Annual Trends 12 Month Peak When Trough When Average Average Vacancy Change (YOY) -0.3% 4.8% 3.3% 6.0% 2017 Q4 2.8% 2021 Q3 Absorption Units 8 8 (6) 74 2004 Q3 (34) 2017 Q4 Delivered Units 0 5 0 80 2005 Q2 0 2021 Q2 Demolished Units 0 0 1 0 2021 Q2 0 2021 Q2 Asking Rent Growth (YOY) 9.6% 2.1% 3.5% 9.6% 2020 Q4 -2.4% 2009 Q4 Effective Rent Growth (YOY) 9.6% 2.1% 3.5% 9.3% 2020 Q4 -2.4% 2009 Q4 Sales Volume $0 $2.2M N/A $13.2M 2020 Q1 $0 2021 Q2 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 2 Page 204 Vacancy Change (YOY) -0.3% 4.8% 3.3% 6.0% 2017 Q4 2.8% 2021 Q3 Absorption Units 8 8 (6) 74 2004 Q3 (34) 2017 Q4 Delivered Units 0 5 0 80 2005 Q2 0 2021 Q2 Demolished Units 0 0 1 0 2021 Q2 0 2021 Q2 Asking Rent Growth (YOY) 9.6% 2.1% 3.5% 9.6% 2020 Q4 -2.4% 2009 Q4 Effective Rent Growth (YOY) 9.6% 2.1% 3.5% 9.3% 2020 Q4 -2.4% 2009 Q4 Sales Volume $0 $2.2M N/A $13.2M 2020 Q1 $0 2021 Q2 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 2 Page 204 Vacancy Southern Onondaga County Multi-Family Vacancy Southern Onondaga County Multi-Family OVERALL & STABILIZED VACANCY 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 3 Page 205 Vacancy Southern Onondaga County Multi-Family OVERALL & STABILIZED VACANCY 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 3 Page 205 Vacancy Southern Onondaga County Multi-Family VACANCY BY BEDROOM 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 4 Page 206 Rent Southern Onondaga County Multi-Family VACANCY BY BEDROOM 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 4 Page 206 Rent Southern Onondaga County Multi-Family MARKET RENT PER UNIT & RENT GROWTH 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 5 Page 207 Rent Southern Onondaga County Multi-Family MARKET RENT PER UNIT & RENT GROWTH 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 5 Page 207 Rent Southern Onondaga County Multi-Family MARKET RENT PER UNIT BY BEDROOM 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 6 Page 208 Construction Southern Onondaga County Multi-Family MARKET RENT PER UNIT BY BEDROOM 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 6 Page 208 Construction Southern Onondaga County Multi-Family DELIVERIES & DEMOLITIONS 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 7 Page 209 Construction Southern Onondaga County Multi-Family All-Time Annual Avg. Units Delivered Units Past 8 Qtrs Delivered Units Next 8 Qtrs Proposed Units Next 8 Qtrs 4 0 0 0 PAST 8 QUARTERS DELIVERIES, UNDER CONSTRUCTION, & PROPOSED DELIVERIES & DEMOLITIONS 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 7 Page 209 Construction Southern Onondaga County Multi-Family All-Time Annual Avg. Units Delivered Units Past 8 Qtrs Delivered Units Next 8 Qtrs Proposed Units Next 8 Qtrs 4 0 0 0 PAST 8 QUARTERS DELIVERIES, UNDER CONSTRUCTION, & PROPOSED PAST & FUTURE DELIVERIES IN UNITS 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 8 Page 210 Sales Southern Onondaga County Multi-Family One apartment property sold in Southern Onondaga $106,338/door during the third quarter of 2021. That County over the past year, which isn't much of a change figure is up from this time last year, although the price from the norm since only a handful of communities trade itself still has some catching up to do to reach the overall in a given year. average for the Syracuse metro. At 7.5%, market cap rates are only a few basis points lower than last year's Market pricing, which is derived from the price movement number, and they're close to the metro's average. The of every apartment community in the submarket, sat at current rate is under the submarket's five-year average. PAST & FUTURE DELIVERIES IN UNITS 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 8 Page 210 Sales Southern Onondaga County Multi-Family One apartment property sold in Southern Onondaga $106,338/door during the third quarter of 2021. That County over the past year, which isn't much of a change figure is up from this time last year, although the price from the norm since only a handful of communities trade itself still has some catching up to do to reach the overall in a given year. average for the Syracuse metro. At 7.5%, market cap rates are only a few basis points lower than last year's Market pricing, which is derived from the price movement number, and they're close to the metro's average. The of every apartment community in the submarket, sat at current rate is under the submarket's five-year average. SALES VOLUME & MARKET SALE PRICE PER UNIT 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 9 Page 211 Sales Southern Onondaga County Multi-Family SALES VOLUME & MARKET SALE PRICE PER UNIT 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 9 Page 211 Sales Southern Onondaga County Multi-Family MARKET CAP RATE 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 10 Page 212 Sales Past 12 Months Southern Onondaga County Multi-Family Sale Comparables Avg. Price/Unit (thous.) Average Price (mil.) Average Vacancy at Sale 1 - - 0% SALE COMPARABLE LOCATIONS MARKET CAP RATE 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 10 Page 212 Sales Past 12 Months Southern Onondaga County Multi-Family Sale Comparables Avg. Price/Unit (thous.) Average Price (mil.) Average Vacancy at Sale 1 - - 0% SALE COMPARABLE LOCATIONS SALE COMPARABLES SUMMARY STATISTICS Sales Attributes Low Average Median High Sale Price - - - - Price/Unit - - - - Cap Rate - - - - Vacancy Rate At Sale 0% 0% 0% 0% Time Since Sale in Months 4.1 4.1 4.1 4.1 Property Attributes Low Average Median High Property Size in Units 14 14 14 14 Number of Floors 2 2 2 2 Average Unit SF 377 377 377 377 Year Built 1987 1987 1987 1987 Star Rating 2.0 SALE COMPARABLES SUMMARY STATISTICS Sales Attributes Low Average Median High Sale Price - - - - Price/Unit - - - - Cap Rate - - - - Vacancy Rate At Sale 0% 0% 0% 0% Time Since Sale in Months 4.1 4.1 4.1 4.1 Property Attributes Low Average Median High Property Size in Units 14 14 14 14 Number of Floors 2 2 2 2 Average Unit SF 377 377 377 377 Year Built 1987 1987 1987 1987 Star Rating 2.0 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 11 Page 213 Sales Past 12 Months Southern Onondaga County Multi-Family 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 11 Page 213 Sales Past 12 Months Southern Onondaga County Multi-Family RECENT SIGNIFICANT SALES Property Information Sale Information Property Name/Address Rating Yr Built Units Vacancy Sale Date Price Price/Unit Price/SF Dor-Mar Apartments 1 - 1987 14 0% 3/18/2021 - - - 4899-4901 1/2 Grolier Rd 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 12 Page 214 Appendix Southern Onondaga County Multi-Family RECENT SIGNIFICANT SALES Property Information Sale Information Property Name/Address Rating Yr Built Units Vacancy Sale Date Price Price/Unit Price/SF Dor-Mar Apartments 1 - 1987 14 0% 3/18/2021 - - - 4899-4901 1/2 Grolier Rd 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 12 Page 214 Appendix Southern Onondaga County Multi-Family OVERALL SUPPLY & DEMAND Inventory Absorption Year Units Growth % Growth Units % of Inv Construction Ratio 2025 2,836 (1) 0% (12) -0.4% 0.1 2024 2,837 (1) 0% (7) -0.2% 0.1 2023 2,838 (1) 0% (6) -0.2% 0.2 2022 2,839 0 0% (1) 0% 0 2021 2,839 (2) -0.1% 4 0.1% - YTD 2,841 0 0% 9 0.3% 0 2020 2,841 0 0% 22 0.8% 0 2019 2,841 0 0% 19 0.7% 0 2018 2,841 0 0% 40 1.4% 0 2017 2,841 0 0% (34) -1.2% 0 2016 2,841 16 0.6% 7 0.2% 2.3 2015 2,825 0 0% 13 0.5% 0 2014 2,825 0 0% 9 0.3% 0 2013 2,825 0 0% (28) -1.0% 0 2012 2,825 0 0% (5) -0.2% 0 2011 2,825 0 0% 9 0.3% 0 2010 2,825 0 0% 0 0% - 2009 2,825 0 0% 17 0.6% 0 OVERALL SUPPLY & DEMAND Inventory Absorption Year Units Growth % Growth Units % of Inv Construction Ratio 2025 2,836 (1) 0% (12) -0.4% 0.1 2024 2,837 (1) 0% (7) -0.2% 0.1 2023 2,838 (1) 0% (6) -0.2% 0.2 2022 2,839 0 0% (1) 0% 0 2021 2,839 (2) -0.1% 4 0.1% - YTD 2,841 0 0% 9 0.3% 0 2020 2,841 0 0% 22 0.8% 0 2019 2,841 0 0% 19 0.7% 0 2018 2,841 0 0% 40 1.4% 0 2017 2,841 0 0% (34) -1.2% 0 2016 2,841 16 0.6% 7 0.2% 2.3 2015 2,825 0 0% 13 0.5% 0 2014 2,825 0 0% 9 0.3% 0 2013 2,825 0 0% (28) -1.0% 0 2012 2,825 0 0% (5) -0.2% 0 2011 2,825 0 0% 9 0.3% 0 2010 2,825 0 0% 0 0% - 2009 2,825 0 0% 17 0.6% 0 4 & 5 STAR SUPPLY & DEMAND Inventory Absorption Year Units Growth % Growth Units % of Inv Construction Ratio 2025 80 0 0% 0 0% - 2024 80 0 0% 0 0% - 2023 80 0 0% 0 0% - 2022 80 0 0% 0 0% - 2021 80 0 0% 0 0% - YTD 80 0 0% 0 0% - 2020 80 0 0% 0 0% - 2019 80 0 0% 0 0% - 2018 80 0 0% 0 0% - 2017 80 0 0% 0 0% - 2016 80 0 0% (2) -2.5% 0 2015 80 0 0% 0 0% - 2014 80 0 0% 1 1.3% 0 2013 80 0 0% (1) -1.3% 0 2012 80 0 0% 0 0% - 2011 80 0 0% 0 0% - 2010 80 0 0% 0 0% - 2009 80 0 0% 0 0% - 4 & 5 STAR SUPPLY & DEMAND Inventory Absorption Year Units Growth % Growth Units % of Inv Construction Ratio 2025 80 0 0% 0 0% - 2024 80 0 0% 0 0% - 2023 80 0 0% 0 0% - 2022 80 0 0% 0 0% - 2021 80 0 0% 0 0% - YTD 80 0 0% 0 0% - 2020 80 0 0% 0 0% - 2019 80 0 0% 0 0% - 2018 80 0 0% 0 0% - 2017 80 0 0% 0 0% - 2016 80 0 0% (2) -2.5% 0 2015 80 0 0% 0 0% - 2014 80 0 0% 1 1.3% 0 2013 80 0 0% (1) -1.3% 0 2012 80 0 0% 0 0% - 2011 80 0 0% 0 0% - 2010 80 0 0% 0 0% - 2009 80 0 0% 0 0% - 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 13 Page 215 Appendix Southern Onondaga County Multi-Family 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 13 Page 215 Appendix Southern Onondaga County Multi-Family 3 STAR SUPPLY & DEMAND Inventory Absorption Year Units Growth % Growth Units % of Inv Construction Ratio 2025 1,048 0 0% (4) -0.4% 0 2024 1,048 0 0% (3) -0.3% 0 2023 1,048 0 0% (2) -0.2% 0 2022 1,048 0 0% 0 0% - 2021 1,048 0 0% 0 0% - YTD 1,048 0 0% 2 0.2% 0 2020 1,048 0 0% 15 1.4% 0 2019 1,048 0 0% 14 1.3% 0 2018 1,048 0 0% 11 1.0% 0 2017 1,048 0 0% (19) -1.8% 0 2016 1,048 16 1.6% 14 1.3% 1.1 2015 1,032 0 0% 6 0.6% 0 2014 1,032 0 0% 10 1.0% 0 2013 1,032 0 0% (20) -1.9% 0 2012 1,032 0 0% 2 0.2% 0 2011 1,032 0 0% 4 0.4% 0 2010 1,032 0 0% 0 0% - 2009 1,032 0 0% 6 0.6% 0 3 STAR SUPPLY & DEMAND Inventory Absorption Year Units Growth % Growth Units % of Inv Construction Ratio 2025 1,048 0 0% (4) -0.4% 0 2024 1,048 0 0% (3) -0.3% 0 2023 1,048 0 0% (2) -0.2% 0 2022 1,048 0 0% 0 0% - 2021 1,048 0 0% 0 0% - YTD 1,048 0 0% 2 0.2% 0 2020 1,048 0 0% 15 1.4% 0 2019 1,048 0 0% 14 1.3% 0 2018 1,048 0 0% 11 1.0% 0 2017 1,048 0 0% (19) -1.8% 0 2016 1,048 16 1.6% 14 1.3% 1.1 2015 1,032 0 0% 6 0.6% 0 2014 1,032 0 0% 10 1.0% 0 2013 1,032 0 0% (20) -1.9% 0 2012 1,032 0 0% 2 0.2% 0 2011 1,032 0 0% 4 0.4% 0 2010 1,032 0 0% 0 0% - 2009 1,032 0 0% 6 0.6% 0 1 & 2 STAR SUPPLY & DEMAND Inventory Absorption Year Units Growth % Growth Units % of Inv Construction Ratio 2025 1,708 (1) -0.1% (8) -0.5% 0.1 2024 1,709 (1) -0.1% (4) -0.2% 0.3 2023 1,710 (1) -0.1% (4) -0.2% 0.3 2022 1,711 0 0% (1) -0.1% 0 2021 1,711 (2) -0.1% 4 0.2% - YTD 1,713 0 0% 7 0.4% 0 2020 1,713 0 0% 7 0.4% 0 2019 1,713 0 0% 5 0.3% 0 2018 1,713 0 0% 29 1.7% 0 2017 1,713 0 0% (15) -0.9% 0 2016 1,713 0 0% (5) -0.3% 0 2015 1,713 0 0% 7 0.4% 0 2014 1,713 0 0% (2) -0.1% 0 2013 1,713 0 0% (7) -0.4% 0 2012 1,713 0 0% (7) -0.4% 0 2011 1,713 0 0% 5 0.3% 0 2010 1,713 0 0% 0 0% - 2009 1,713 0 0% 11 0.6% 0 1 & 2 STAR SUPPLY & DEMAND Inventory Absorption Year Units Growth % Growth Units % of Inv Construction Ratio 2025 1,708 (1) -0.1% (8) -0.5% 0.1 2024 1,709 (1) -0.1% (4) -0.2% 0.3 2023 1,710 (1) -0.1% (4) -0.2% 0.3 2022 1,711 0 0% (1) -0.1% 0 2021 1,711 (2) -0.1% 4 0.2% - YTD 1,713 0 0% 7 0.4% 0 2020 1,713 0 0% 7 0.4% 0 2019 1,713 0 0% 5 0.3% 0 2018 1,713 0 0% 29 1.7% 0 2017 1,713 0 0% (15) -0.9% 0 2016 1,713 0 0% (5) -0.3% 0 2015 1,713 0 0% 7 0.4% 0 2014 1,713 0 0% (2) -0.1% 0 2013 1,713 0 0% (7) -0.4% 0 2012 1,713 0 0% (7) -0.4% 0 2011 1,713 0 0% 5 0.3% 0 2010 1,713 0 0% 0 0% - 2009 1,713 0 0% 11 0.6% 0 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 14 Page 216 Appendix Southern Onondaga County Multi-Family 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 14 Page 216 Appendix Southern Onondaga County Multi-Family OVERALL VACANCY & RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF % Growth Ppts Chg Units Per SF 2025 108 3.8% 0.4 $1,201 $1.25 1.6% (0.6) $1,197 $1.24 2024 97 3.4% 0.2 $1,182 $1.23 2.2% (0.8) $1,178 $1.22 2023 91 3.2% 0.2 $1,157 $1.20 3.0% (0.9) $1,153 $1.20 2022 86 3.0% 0 $1,123 $1.17 3.9% (2.5) $1,119 $1.16 2021 84 3.0% (0.1) $1,080 $1.12 6.4% (3.2) $1,076 $1.12 YTD 80 2.8% (0.3) $1,081 $1.12 6.5% (3.2) $1,077 $1.12 2020 88 3.1% (0.8) $1,015 $1.05 9.6% 8.1 $1,010 $1.05 2019 111 3.9% (0.7) $926 $0.96 1.5% (0.7) $924 $0.96 2018 130 4.6% (1.4) $912 $0.95 2.2% 1.6 $905 $0.94 2017 170 6.0% 1.2 $892 $0.93 0.6% (0.7) $885 $0.92 2016 135 4.7% 0.3 $887 $0.92 1.3% (2.5) $878 $0.91 2015 127 4.5% (0.5) $876 $0.91 3.7% 1.4 $861 $0.89 2014 140 5.0% (0.4) $844 $0.88 2.3% (0.8) $836 $0.87 2013 151 5.3% 0.9 $825 $0.86 3.1% 2.2 $820 $0.85 2012 124 4.4% 0.2 $800 $0.83 1.0% 0 $795 $0.83 2011 119 4.2% (0.3) $792 $0.82 0.9% (0.5) $788 $0.82 2010 127 4.5% 0 $784 $0.81 1.5% 3.9 $780 $0.81 2009 128 4.5% (0.6) $773 $0.80 -2.4% - $769 $0.80 OVERALL VACANCY & RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF % Growth Ppts Chg Units Per SF 2025 108 3.8% 0.4 $1,201 $1.25 1.6% (0.6) $1,197 $1.24 2024 97 3.4% 0.2 $1,182 $1.23 2.2% (0.8) $1,178 $1.22 2023 91 3.2% 0.2 $1,157 $1.20 3.0% (0.9) $1,153 $1.20 2022 86 3.0% 0 $1,123 $1.17 3.9% (2.5) $1,119 $1.16 2021 84 3.0% (0.1) $1,080 $1.12 6.4% (3.2) $1,076 $1.12 YTD 80 2.8% (0.3) $1,081 $1.12 6.5% (3.2) $1,077 $1.12 2020 88 3.1% (0.8) $1,015 $1.05 9.6% 8.1 $1,010 $1.05 2019 111 3.9% (0.7) $926 $0.96 1.5% (0.7) $924 $0.96 2018 130 4.6% (1.4) $912 $0.95 2.2% 1.6 $905 $0.94 2017 170 6.0% 1.2 $892 $0.93 0.6% (0.7) $885 $0.92 2016 135 4.7% 0.3 $887 $0.92 1.3% (2.5) $878 $0.91 2015 127 4.5% (0.5) $876 $0.91 3.7% 1.4 $861 $0.89 2014 140 5.0% (0.4) $844 $0.88 2.3% (0.8) $836 $0.87 2013 151 5.3% 0.9 $825 $0.86 3.1% 2.2 $820 $0.85 2012 124 4.4% 0.2 $800 $0.83 1.0% 0 $795 $0.83 2011 119 4.2% (0.3) $792 $0.82 0.9% (0.5) $788 $0.82 2010 127 4.5% 0 $784 $0.81 1.5% 3.9 $780 $0.81 2009 128 4.5% (0.6) $773 $0.80 -2.4% - $769 $0.80 4 & 5 STAR VACANCY & RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF % Growth Ppts Chg Units Per SF 2025 3 4.0% 0 $1,207 $1.38 2.8% (0.7) $1,201 $1.38 2024 3 4.0% 0 $1,173 $1.34 3.5% (1.0) $1,168 $1.34 2023 3 4.0% 0 $1,133 $1.30 4.5% (1.1) $1,128 $1.29 2022 3 4.0% 0 $1,084 $1.24 5.6% 0.6 $1,079 $1.24 2021 3 4.0% (0.5) $1,027 $1.18 5.0% 4.4 $1,022 $1.17 YTD 3 4.0% (0.5) $1,016 $1.16 3.9% 3.4 $1,012 $1.16 2020 4 4.5% (0.8) $978 $1.12 0.6% 0.3 $973 $1.11 2019 4 5.3% (0.5) $972 $1.11 0.3% (7.3) $967 $1.11 2018 5 5.8% (0.3) $969 $1.11 7.6% 1.7 $964 $1.10 2017 5 6.1% 0.3 $901 $1.03 5.9% 1.0 $896 $1.03 2016 5 5.7% 2.5 $851 $0.97 4.9% 4.4 $846 $0.97 2015 3 3.2% 0.1 $811 $0.93 0.6% (2.3) $788 $0.90 2014 3 3.1% (1.1) $806 $0.92 2.9% 1.4 $802 $0.92 2013 3 4.2% (0.4) $783 $0.90 1.5% (0.2) $779 $0.89 2012 4 4.6% (0.5) $772 $0.88 1.7% 0.6 $767 $0.88 2011 4 5.1% (0.5) $759 $0.87 1.1% (0.5) $754 $0.86 2010 4 5.6% (0.4) $751 $0.86 1.6% 4.7 $746 $0.85 2009 5 5.9% (0.4) $739 $0.85 -3.1% - $734 $0.84 4 & 5 STAR VACANCY & RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF % Growth Ppts Chg Units Per SF 2025 3 4.0% 0 $1,207 $1.38 2.8% (0.7) $1,201 $1.38 2024 3 4.0% 0 $1,173 $1.34 3.5% (1.0) $1,168 $1.34 2023 3 4.0% 0 $1,133 $1.30 4.5% (1.1) $1,128 $1.29 2022 3 4.0% 0 $1,084 $1.24 5.6% 0.6 $1,079 $1.24 2021 3 4.0% (0.5) $1,027 $1.18 5.0% 4.4 $1,022 $1.17 YTD 3 4.0% (0.5) $1,016 $1.16 3.9% 3.4 $1,012 $1.16 2020 4 4.5% (0.8) $978 $1.12 0.6% 0.3 $973 $1.11 2019 4 5.3% (0.5) $972 $1.11 0.3% (7.3) $967 $1.11 2018 5 5.8% (0.3) $969 $1.11 7.6% 1.7 $964 $1.10 2017 5 6.1% 0.3 $901 $1.03 5.9% 1.0 $896 $1.03 2016 5 5.7% 2.5 $851 $0.97 4.9% 4.4 $846 $0.97 2015 3 3.2% 0.1 $811 $0.93 0.6% (2.3) $788 $0.90 2014 3 3.1% (1.1) $806 $0.92 2.9% 1.4 $802 $0.92 2013 3 4.2% (0.4) $783 $0.90 1.5% (0.2) $779 $0.89 2012 4 4.6% (0.5) $772 $0.88 1.7% 0.6 $767 $0.88 2011 4 5.1% (0.5) $759 $0.87 1.1% (0.5) $754 $0.86 2010 4 5.6% (0.4) $751 $0.86 1.6% 4.7 $746 $0.85 2009 5 5.9% (0.4) $739 $0.85 -3.1% - $734 $0.84 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 15 Page 217 Appendix Southern Onondaga County Multi-Family 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 15 Page 217 Appendix Southern Onondaga County Multi-Family 3 STAR VACANCY & RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF % Growth Ppts Chg Units Per SF 2025 34 3.3% 0.4 $1,291 $1.33 1.0% (0.6) $1,286 $1.32 2024 30 2.9% 0.2 $1,279 $1.31 1.6% (0.8) $1,273 $1.31 2023 28 2.6% 0.2 $1,258 $1.29 2.4% (0.9) $1,253 $1.29 2022 26 2.5% 0.1 $1,229 $1.26 3.3% 0.3 $1,224 $1.26 2021 25 2.4% 0 $1,190 $1.22 3.0% (12.0) $1,185 $1.22 YTD 23 2.2% (0.1) $1,193 $1.22 3.2% (11.7) $1,188 $1.22 2020 25 2.4% (1.5) $1,156 $1.19 14.9% 14.9 $1,151 $1.18 2019 40 3.8% (1.4) $1,005 $1.03 0.1% (0.3) $1,003 $1.03 2018 54 5.2% (1.1) $1,005 $1.03 0.4% 0.3 $995 $1.02 2017 66 6.3% 1.8 $1,001 $1.03 0.1% (1.1) $993 $1.02 2016 46 4.4% 0.1 $1,000 $1.03 1.1% (0.4) $991 $1.02 2015 45 4.4% (0.6) $989 $1.02 1.6% (2.6) $982 $1.01 2014 51 5.0% (1.0) $974 $1 4.1% (1.3) $965 $0.99 2013 61 6.0% 1.9 $935 $0.96 5.4% 4.0 $929 $0.95 2012 42 4.0% (0.1) $887 $0.91 1.4% 0.2 $883 $0.91 2011 43 4.2% (0.3) $875 $0.90 1.2% (0.4) $870 $0.89 2010 47 4.5% (0.1) $864 $0.89 1.6% 4.7 $859 $0.88 2009 47 4.6% (0.6) $851 $0.87 -3.1% - $846 $0.87 3 STAR VACANCY & RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF % Growth Ppts Chg Units Per SF 2025 34 3.3% 0.4 $1,291 $1.33 1.0% (0.6) $1,286 $1.32 2024 30 2.9% 0.2 $1,279 $1.31 1.6% (0.8) $1,273 $1.31 2023 28 2.6% 0.2 $1,258 $1.29 2.4% (0.9) $1,253 $1.29 2022 26 2.5% 0.1 $1,229 $1.26 3.3% 0.3 $1,224 $1.26 2021 25 2.4% 0 $1,190 $1.22 3.0% (12.0) $1,185 $1.22 YTD 23 2.2% (0.1) $1,193 $1.22 3.2% (11.7) $1,188 $1.22 2020 25 2.4% (1.5) $1,156 $1.19 14.9% 14.9 $1,151 $1.18 2019 40 3.8% (1.4) $1,005 $1.03 0.1% (0.3) $1,003 $1.03 2018 54 5.2% (1.1) $1,005 $1.03 0.4% 0.3 $995 $1.02 2017 66 6.3% 1.8 $1,001 $1.03 0.1% (1.1) $993 $1.02 2016 46 4.4% 0.1 $1,000 $1.03 1.1% (0.4) $991 $1.02 2015 45 4.4% (0.6) $989 $1.02 1.6% (2.6) $982 $1.01 2014 51 5.0% (1.0) $974 $1 4.1% (1.3) $965 $0.99 2013 61 6.0% 1.9 $935 $0.96 5.4% 4.0 $929 $0.95 2012 42 4.0% (0.1) $887 $0.91 1.4% 0.2 $883 $0.91 2011 43 4.2% (0.3) $875 $0.90 1.2% (0.4) $870 $0.89 2010 47 4.5% (0.1) $864 $0.89 1.6% 4.7 $859 $0.88 2009 47 4.6% (0.6) $851 $0.87 -3.1% - $846 $0.87 1 & 2 STAR VACANCY & RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF % Growth Ppts Chg Units Per SF 2025 71 4.1% 0.4 $1,144 $1.19 1.9% (0.7) $1,140 $1.19 2024 64 3.7% 0.2 $1,122 $1.17 2.6% (0.8) $1,119 $1.16 2023 60 3.5% 0.2 $1,094 $1.14 3.4% (0.9) $1,090 $1.14 2022 57 3.3% 0 $1,058 $1.10 4.3% (4.9) $1,054 $1.10 2021 56 3.3% (0.2) $1,014 $1.06 9.2% 2.9 $1,011 $1.05 YTD 53 3.1% (0.4) $1,014 $1.06 9.2% 2.9 $1,011 $1.05 2020 60 3.5% (0.4) $929 $0.97 6.3% 3.6 $924 $0.96 2019 66 3.9% (0.3) $873 $0.91 2.7% (0.6) $872 $0.91 2018 71 4.2% (1.7) $850 $0.89 3.4% 2.6 $846 $0.88 2017 100 5.8% 0.9 $823 $0.86 0.7% (0.5) $817 $0.85 2016 84 4.9% 0.3 $817 $0.85 1.2% (4.5) $809 $0.84 2015 79 4.6% (0.4) $807 $0.84 5.7% 4.7 $788 $0.82 2014 86 5.0% 0 $764 $0.80 0.9% (0.6) $757 $0.79 2013 86 5.0% 0.4 $757 $0.79 1.5% 0.9 $753 $0.78 2012 79 4.6% 0.4 $746 $0.78 0.7% (0.1) $742 $0.77 2011 72 4.2% (0.3) $741 $0.77 0.7% (0.7) $737 $0.77 2010 76 4.5% 0 $736 $0.77 1.4% 3.3 $732 $0.76 2009 76 4.4% (0.6) $726 $0.76 -1.9% - $722 $0.75 1 & 2 STAR VACANCY & RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF % Growth Ppts Chg Units Per SF 2025 71 4.1% 0.4 $1,144 $1.19 1.9% (0.7) $1,140 $1.19 2024 64 3.7% 0.2 $1,122 $1.17 2.6% (0.8) $1,119 $1.16 2023 60 3.5% 0.2 $1,094 $1.14 3.4% (0.9) $1,090 $1.14 2022 57 3.3% 0 $1,058 $1.10 4.3% (4.9) $1,054 $1.10 2021 56 3.3% (0.2) $1,014 $1.06 9.2% 2.9 $1,011 $1.05 YTD 53 3.1% (0.4) $1,014 $1.06 9.2% 2.9 $1,011 $1.05 2020 60 3.5% (0.4) $929 $0.97 6.3% 3.6 $924 $0.96 2019 66 3.9% (0.3) $873 $0.91 2.7% (0.6) $872 $0.91 2018 71 4.2% (1.7) $850 $0.89 3.4% 2.6 $846 $0.88 2017 100 5.8% 0.9 $823 $0.86 0.7% (0.5) $817 $0.85 2016 84 4.9% 0.3 $817 $0.85 1.2% (4.5) $809 $0.84 2015 79 4.6% (0.4) $807 $0.84 5.7% 4.7 $788 $0.82 2014 86 5.0% 0 $764 $0.80 0.9% (0.6) $757 $0.79 2013 86 5.0% 0.4 $757 $0.79 1.5% 0.9 $753 $0.78 2012 79 4.6% 0.4 $746 $0.78 0.7% (0.1) $742 $0.77 2011 72 4.2% (0.3) $741 $0.77 0.7% (0.7) $737 $0.77 2010 76 4.5% 0 $736 $0.77 1.4% 3.3 $732 $0.76 2009 76 4.4% (0.6) $726 $0.76 -1.9% - $722 $0.75 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 16 Page 218 Appendix Southern Onondaga County Multi-Family 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 16 Page 218 Appendix Southern Onondaga County Multi-Family OVERALL SALES Completed Transactions (1) Market Pricing Trends (2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2025 - - - - - - $120,719 263 7.6% 2024 - - - - - - $119,680 261 7.6% 2023 - - - - - - $117,958 257 7.5% 2022 - - - - - - $114,992 251 7.5% 2021 - - - - - - $111,031 242 7.4% YTD 1 $0 0% - - - $106,338 232 7.5% 2020 2 $300K 0.2% $300,000 $42,857 - $104,055 227 7.4% 2019 6 $12.9M 34.7% $3,219,000 $13,059 - $99,773 218 7.6% 2018 1 $550K 0.3% $550,000 $68,750 - $94,319 206 7.8% 2017 3 $1.3M 0.7% $651,455 $65,145 - $89,658 196 7.9% 2016 1 $600K 0.3% $600,000 $75,000 6.1% $86,644 189 7.9% 2015 2 $601K 0.8% $300,500 $26,130 9.0% $80,491 176 8.1% 2014 1 $1.2M 1.1% $1,200,000 $37,500 10.0% $73,969 161 8.4% 2013 3 $4.8M 3.9% $1,608,333 $43,864 - $68,566 150 8.6% 2012 1 $310K 0.4% $310,000 $28,182 - $64,288 140 8.8% 2011 - - - - - - $61,625 135 8.8% 2010 1 $4.5M 5.0% $4,525,000 $32,092 - $56,058 122 9.1% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. OVERALL SALES Completed Transactions (1) Market Pricing Trends (2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2025 - - - - - - $120,719 263 7.6% 2024 - - - - - - $119,680 261 7.6% 2023 - - - - - - $117,958 257 7.5% 2022 - - - - - - $114,992 251 7.5% 2021 - - - - - - $111,031 242 7.4% YTD 1 $0 0% - - - $106,338 232 7.5% 2020 2 $300K 0.2% $300,000 $42,857 - $104,055 227 7.4% 2019 6 $12.9M 34.7% $3,219,000 $13,059 - $99,773 218 7.6% 2018 1 $550K 0.3% $550,000 $68,750 - $94,319 206 7.8% 2017 3 $1.3M 0.7% $651,455 $65,145 - $89,658 196 7.9% 2016 1 $600K 0.3% $600,000 $75,000 6.1% $86,644 189 7.9% 2015 2 $601K 0.8% $300,500 $26,130 9.0% $80,491 176 8.1% 2014 1 $1.2M 1.1% $1,200,000 $37,500 10.0% $73,969 161 8.4% 2013 3 $4.8M 3.9% $1,608,333 $43,864 - $68,566 150 8.6% 2012 1 $310K 0.4% $310,000 $28,182 - $64,288 140 8.8% 2011 - - - - - - $61,625 135 8.8% 2010 1 $4.5M 5.0% $4,525,000 $32,092 - $56,058 122 9.1% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 4 & 5 STAR SALES Completed Transactions (1) Market Pricing Trends (2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2025 - - - - - - $258,434 252 6.9% 2024 - - - - - - $253,148 246 6.9% 2023 - - - - - - $246,431 240 6.8% 2022 - - - - - - $236,912 231 6.8% 2021 - - - - - - $225,219 219 6.7% YTD - - - - - - $218,314 212 6.8% 2020 - - - - - - $213,477 208 6.7% 2019 - - - - - - $211,353 206 6.8% 2018 - - - - - - $204,554 199 6.8% 2017 - - - - - - $203,906 198 6.8% 2016 - - - - - - $195,240 190 6.8% 2015 - - - - - - $183,640 179 7.0% 2014 - - - - - - $171,301 167 7.1% 2013 - - - - - - $159,104 155 7.4% 2012 - - - - - - $154,525 150 7.4% 2011 - - - - - - $146,693 143 7.5% 2010 - - - - - - $130,279 127 7.8% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 4 & 5 STAR SALES Completed Transactions (1) Market Pricing Trends (2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2025 - - - - - - $258,434 252 6.9% 2024 - - - - - - $253,148 246 6.9% 2023 - - - - - - $246,431 240 6.8% 2022 - - - - - - $236,912 231 6.8% 2021 - - - - - - $225,219 219 6.7% YTD - - - - - - $218,314 212 6.8% 2020 - - - - - - $213,477 208 6.7% 2019 - - - - - - $211,353 206 6.8% 2018 - - - - - - $204,554 199 6.8% 2017 - - - - - - $203,906 198 6.8% 2016 - - - - - - $195,240 190 6.8% 2015 - - - - - - $183,640 179 7.0% 2014 - - - - - - $171,301 167 7.1% 2013 - - - - - - $159,104 155 7.4% 2012 - - - - - - $154,525 150 7.4% 2011 - - - - - - $146,693 143 7.5% 2010 - - - - - - $130,279 127 7.8% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 17 Page 219 Appendix Southern Onondaga County Multi-Family 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 17 Page 219 Appendix Southern Onondaga County Multi-Family 3 STAR SALES Completed Transactions (1) Market Pricing Trends (2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2025 - - - - - - $157,163 257 7.3% 2024 - - - - - - $156,550 256 7.2% 2023 - - - - - - $155,061 254 7.2% 2022 - - - - - - $151,895 249 7.1% 2021 - - - - - - $147,401 241 7.1% YTD - - - - - - $142,633 234 7.2% 2020 2 $300K 0.7% $300,000 $42,857 - $140,648 230 7.0% 2019 1 $0 0% - - - $137,508 225 7.2% 2018 - - - - - - $130,738 214 7.3% 2017 1 $0 0% - - - $124,916 205 7.4% 2016 - - - - - - $120,077 197 7.5% 2015 - - - - - - $111,378 182 7.6% 2014 - - - - - - $101,446 166 7.9% 2013 - - - - - - $92,534 152 8.2% 2012 - - - - - - $86,586 142 8.3% 2011 - - - - - - $82,659 135 8.4% 2010 - - - - - - $75,404 123 8.7% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 3 STAR SALES Completed Transactions (1) Market Pricing Trends (2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2025 - - - - - - $157,163 257 7.3% 2024 - - - - - - $156,550 256 7.2% 2023 - - - - - - $155,061 254 7.2% 2022 - - - - - - $151,895 249 7.1% 2021 - - - - - - $147,401 241 7.1% YTD - - - - - - $142,633 234 7.2% 2020 2 $300K 0.7% $300,000 $42,857 - $140,648 230 7.0% 2019 1 $0 0% - - - $137,508 225 7.2% 2018 - - - - - - $130,738 214 7.3% 2017 1 $0 0% - - - $124,916 205 7.4% 2016 - - - - - - $120,077 197 7.5% 2015 - - - - - - $111,378 182 7.6% 2014 - - - - - - $101,446 166 7.9% 2013 - - - - - - $92,534 152 8.2% 2012 - - - - - - $86,586 142 8.3% 2011 - - - - - - $82,659 135 8.4% 2010 - - - - - - $75,404 123 8.7% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 1 & 2 STAR SALES Completed Transactions (1) Market Pricing Trends (2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2025 - - - - - - $91,992 272 7.8% 2024 - - - - - - $90,891 269 7.8% 2023 - - - - - - $89,259 264 7.8% 2022 - - - - - - $86,720 256 7.7% 2021 - - - - - - $83,448 247 7.7% YTD 1 $0 0% - - - $78,904 233 7.7% 2020 - - - - - - $76,557 226 7.7% 2019 5 $12.9M 57.6% $3,219,000 $13,059 - $71,477 211 8.0% 2018 1 $550K 0.5% $550,000 $68,750 - $66,889 198 8.1% 2017 2 $1.3M 1.2% $651,455 $65,145 - $62,751 186 8.3% 2016 1 $600K 0.5% $600,000 $75,000 6.1% $61,119 181 8.3% 2015 2 $601K 1.3% $300,500 $26,130 9.0% $56,777 168 8.5% 2014 1 $1.2M 1.9% $1,200,000 $37,500 10.0% $52,613 156 8.7% 2013 3 $4.8M 6.4% $1,608,333 $43,864 - $49,673 147 9.0% 2012 1 $310K 0.6% $310,000 $28,182 - $46,432 137 9.1% 2011 - - - - - - $44,784 132 9.1% 2010 1 $4.5M 8.2% $4,525,000 $32,092 - $40,756 121 9.4% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 1 & 2 STAR SALES Completed Transactions (1) Market Pricing Trends (2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2025 - - - - - - $91,992 272 7.8% 2024 - - - - - - $90,891 269 7.8% 2023 - - - - - - $89,259 264 7.8% 2022 - - - - - - $86,720 256 7.7% 2021 - - - - - - $83,448 247 7.7% YTD 1 $0 0% - - - $78,904 233 7.7% 2020 - - - - - - $76,557 226 7.7% 2019 5 $12.9M 57.6% $3,219,000 $13,059 - $71,477 211 8.0% 2018 1 $550K 0.5% $550,000 $68,750 - $66,889 198 8.1% 2017 2 $1.3M 1.2% $651,455 $65,145 - $62,751 186 8.3% 2016 1 $600K 0.5% $600,000 $75,000 6.1% $61,119 181 8.3% 2015 2 $601K 1.3% $300,500 $26,130 9.0% $56,777 168 8.5% 2014 1 $1.2M 1.9% $1,200,000 $37,500 10.0% $52,613 156 8.7% 2013 3 $4.8M 6.4% $1,608,333 $43,864 - $49,673 147 9.0% 2012 1 $310K 0.6% $310,000 $28,182 - $46,432 137 9.1% 2011 - - - - - - $44,784 132 9.1% 2010 1 $4.5M 8.2% $4,525,000 $32,092 - $40,756 121 9.4% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 18 Page 220 Appendix Southern Onondaga County Multi-Family 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 18 Page 220 Appendix Southern Onondaga County Multi-Family DELIVERIES & UNDER CONSTRUCTION Inventory Deliveries Net Deliveries Under Construction Year Bldgs Units Vacancy Bldgs Units Bldgs Units Bldgs Units 2025 - 2,837 3.8% - 0 - (1) - - 2024 - 2,838 3.4% - 0 - (1) - - 2023 - 2,839 3.2% - 0 - (1) - - 2022 - 2,840 3.0% - 0 - 0 - - 2021 - 2,840 3.0% - 0 - (1) - - YTD 47 2,841 2.8% 0 0 0 0 0 0 2020 47 2,841 3.1% 0 0 0 0 0 0 2019 47 2,841 3.9% 0 0 0 0 0 0 2018 47 2,841 4.6% 0 0 0 0 0 0 2017 47 2,841 6.0% 0 0 0 0 0 0 2016 47 2,841 4.7% 1 16 1 16 0 0 2015 46 2,825 4.5% 0 0 0 0 1 16 2014 46 2,825 5.0% 0 0 0 0 0 0 2013 46 2,825 5.3% 0 0 0 0 0 0 2012 46 2,825 4.4% 0 0 0 0 0 0 2011 46 2,825 4.2% 0 0 0 0 0 0 2010 46 2,825 4.5% 0 0 0 0 0 0 2009 46 2,825 4.5% 0 0 0 0 0 0 DELIVERIES & UNDER CONSTRUCTION Inventory Deliveries Net Deliveries Under Construction Year Bldgs Units Vacancy Bldgs Units Bldgs Units Bldgs Units 2025 - 2,837 3.8% - 0 - (1) - - 2024 - 2,838 3.4% - 0 - (1) - - 2023 - 2,839 3.2% - 0 - (1) - - 2022 - 2,840 3.0% - 0 - 0 - - 2021 - 2,840 3.0% - 0 - (1) - - YTD 47 2,841 2.8% 0 0 0 0 0 0 2020 47 2,841 3.1% 0 0 0 0 0 0 2019 47 2,841 3.9% 0 0 0 0 0 0 2018 47 2,841 4.6% 0 0 0 0 0 0 2017 47 2,841 6.0% 0 0 0 0 0 0 2016 47 2,841 4.7% 1 16 1 16 0 0 2015 46 2,825 4.5% 0 0 0 0 1 16 2014 46 2,825 5.0% 0 0 0 0 0 0 2013 46 2,825 5.3% 0 0 0 0 0 0 2012 46 2,825 4.4% 0 0 0 0 0 0 2011 46 2,825 4.2% 0 0 0 0 0 0 2010 46 2,825 4.5% 0 0 0 0 0 0 2009 46 2,825 4.5% 0 0 0 0 0 0 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 19 Page 221 Onondaga County Industrial Development Agency Project Summary DRAFT 2/24/2022 1. Project J.W. Didado Electric, LLC / G & R Morgan Road, LLC 2. Project Number 3101-22-02A 3. Location Clay 4. School District Liverpool School District 6. Project Type New Construction 5. Tax Parcel(s) 087.-01-01.1 Village 0 7/21/2021 Copyrighted report licensed to CoStar Group - 758620 Page 19 Page 221 Onondaga County Industrial Development Agency Project Summary DRAFT 2/24/2022 1. Project J.W. Didado Electric, LLC / G & R Morgan Road, LLC 2. Project Number 3101-22-02A 3. Location Clay 4. School District Liverpool School District 6. Project Type New Construction 5. Tax Parcel(s) 087.-01-01.1 Village 0 7.Total Project Cost $ 8,075,015.00 8. Total Jobs 18 Land $ 360,000 8A. Job Retention 0 Site Work $ 2,500,000 8B: Job Creation 18 Building $ 4,600,000 (Next 5 Years) Furniture & Fixtures $ 110,015 Equipment $ 335,000 Equipment Subject to NYS Production Exemption $ - Engineering/Architecture Fees $ 120,000 Financial Charges $ - Legal Fees $ 50,000 Other $ - Cost Benefit Analysis J.W. Didado Electric, LLC / G & R Morgan Road, LLC Project Description Fiscal Impact ($) Estimated Abatement Cost $624,089 Sales Tax Abatement $323,000 Mortgage Recording Tax Abatement $51,479 Real Property Tax Relief $249,610 7.Total Project Cost $ 8,075,015.00 8. Total Jobs 18 Land $ 360,000 8A. Job Retention 0 Site Work $ 2,500,000 8B: Job Creation 18 Building $ 4,600,000 (Next 5 Years) Furniture & Fixtures $ 110,015 Equipment $ 335,000 Equipment Subject to NYS Production Exemption $ - Engineering/Architecture Fees $ 120,000 Financial Charges $ - Legal Fees $ 50,000 Other $ - Cost Benefit Analysis J.W. Didado Electric, LLC / G & R Morgan Road, LLC Project Description Fiscal Impact ($) Estimated Abatement Cost $624,089 Sales Tax Abatement $323,000 Mortgage Recording Tax Abatement $51,479 Real Property Tax Relief $249,610 New Investment $24,432,047 PILOT Payments $290,909 The applicant is constructing an approximate 24,000 sqft building on a 12.17-acres parcel in the Project Wages (10 years) $12,365,000 Town of Clay. The building will house training space, tooling and de-tooling of trucks, climate Construction Wages $1,741,200 controlled safety equiment storage, general storage and office space. JW Didado Electric is a full service electical contractor that designs and builds electrical substations, maintains and Employee Benefits (10 years) $2,473,000 repairs high voltage transmission lines and powe restoration. Project Capital Investment $7,460,000 Agency Fees $101,938 Benefit:Cost Ratio 39 :1 Copyright Onondaga County Industry Development Agency, All Rights Reserved Page 222 New Investment $24,432,047 PILOT Payments $290,909 The applicant is constructing an approximate 24,000 sqft building on a 12.17-acres parcel in the Project Wages (10 years) $12,365,000 Town of Clay. The building will house training space, tooling and de-tooling of trucks, climate Construction Wages $1,741,200 controlled safety equiment storage, general storage and office space. JW Didado Electric is a full service electical contractor that designs and builds electrical substations, maintains and Employee Benefits (10 years) $2,473,000 repairs high voltage transmission lines and powe restoration. Project Capital Investment $7,460,000 Agency Fees $101,938 Benefit:Cost Ratio 39 :1 Copyright Onondaga County Industry Development Agency, All Rights Reserved Page 222 J.W. Didado Electric, LLC / G & R Morgan Road, LLC 2/24/2022 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 / G & R Morgan Road, LLC 2/24/2022 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 Full Tax Onondaga Liverpool PILOT YEAR Exemption % Clay 0 Total PILOT Payment w/o Net Exemption County School 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 Full Tax Onondaga Liverpool PILOT YEAR Exemption % Clay 0 Total PILOT Payment w/o Net Exemption County School 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 Project Tax Billing and Payment Schedule 1. The anticipated PILOT Filing Date is Q2 2022 2. Applicant will receive a 2022-23 School Tax Bill in September 2022 3. Applicant will receive a 2023 Town and County Tax Bill in January 2023 4. Applicant will not receive a 2023-2024 School Tax Bill 5. Applicant will not receive a 2024 Town and County Tax Bill 6. Applicant will receive an OCIDA PILOT Bill for PILOT Year 1 in January 2024 Please contact OCIDA staff with any questions. Page 223 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 Project Tax Billing and Payment Schedule 1. The anticipated PILOT Filing Date is Q2 2022 2. Applicant will receive a 2022-23 School Tax Bill in September 2022 3. Applicant will receive a 2023 Town and County Tax Bill in January 2023 4. Applicant will not receive a 2023-2024 School Tax Bill 5. Applicant will not receive a 2024 Town and County Tax Bill 6. Applicant will receive an OCIDA PILOT Bill for PILOT Year 1 in January 2024 Please contact OCIDA staff with any questions. Page 223 ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY APPLICATION FOR BENEFITS 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. ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY APPLICATION FOR BENEFITS 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. 9. A complete Application consists of the following 9 items:  This Application  Local Access Agreement  Employment Plan Page 224  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. Page 225 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. 9. A complete Application consists of the following 9 items:  This Application  Local Access Agreement  Employment Plan Page 224  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. Page 225 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 Section I: Applicant Information Please answer all questions. Use “None”, “Not Applicable” and “See Attached” where necessary. Submittal Date: _____________ 18 February 2022 It is the policy of the Agency that any project receiving benefits from the Onondaga County Industrial Development Agency will utilize 100% local contractors and local labor for the construction period of the project unless a waiver is granted in writing by the Agency. Return to: Onondaga County Industrial Development Agency Attn: Nancy Lowery 333 W. Washington Street, Suite 130 Syracuse, NY 13202 Phone: 315-435-3770 | Fax: 315-435-3669 nancylowery@ongov.net Section I: Applicant Information Please answer all questions. Use “None”, “Not Applicable” and “See Attached” where necessary. Submittal Date: _____________ 18 February 2022 A) Applicant/Project Operator information (company receiving benefits): Applicant/Project Operator: Click here to enter text. J.W. Didado Electric, LLC and G & R Morgan Road, LLC Applicant/ Project Operator Address: 1033 Kelly Avenue, Akron, OH 44306; 3367 Ashton Dr., Uniontown, OH 44685 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): ____________________________________ G & R Morgan Road, LLC Owner Address: 3367 Ashton Drive, Uniontown, OH 44685 Federal ID#: 88-0695382 State and Year of Incorporation/Organization: Ohio 2022 List of stockholders, members, or partners of Owner: ________________________________________________________________________________ Gary Didado (50%) and Rhonda Didado (50%) 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 Page 226 A) Applicant/Project Operator information (company receiving benefits): Applicant/Project Operator: Click here to enter text. J.W. Didado Electric, LLC and G & R Morgan Road, LLC Applicant/ Project Operator Address: 1033 Kelly Avenue, Akron, OH 44306; 3367 Ashton Dr., Uniontown, OH 44685 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): ____________________________________ G & R Morgan Road, LLC Owner Address: 3367 Ashton Drive, Uniontown, OH 44685 Federal ID#: 88-0695382 State and Year of Incorporation/Organization: Ohio 2022 List of stockholders, members, or partners of Owner: ________________________________________________________________________________ Gary Didado (50%) and Rhonda Didado (50%) 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 Page 226 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% Page 227 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 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% Page 227 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. 1. Is the company or management of the Company now a ☐Yes ☐No plaintiff or defendant in any civil or criminal litigation? 2. Has any person listed above ever been convicted of a 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 Page 228 Section II: Project and Site Information 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 (*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. 1. Is the company or management of the Company now a ☐Yes ☐No plaintiff or defendant in any civil or criminal litigation? 2. Has any person listed above ever been convicted of a 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 Page 228 Section II: Project and Site Information 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) 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: ☐ 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. Page 229 E) Select Project type for all end users at Project site (you may check more than one): **Please check any and all end users as identified below D) Description of Project: Please provide a detailed narrative of the proposed Project. Please separately attach the description and any copies of site plans, sketches or maps. This narrative should include, but is not limited to: ☐ i) a description of your Company’s background, customers, goods and services and the principal products to be produced and/or the principal activities that will occur on the Project site; ☐ (ii) the size of the Project in square feet and a breakdown of square footage per each intended use; ☐ (iii) the size of the lot upon which the Project sits or is to be constructed; ☐ (iv) the current use of the site and the intended use of the site upon completion of the Project; ☐ (vi) describe your method for site control (Own, lease, other). See attached. Page 229 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 Page 230 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 Page 230 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? ________________________________ Q2 2022 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.) 5. Environmental Information 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. Page 231 Section III: Construction 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 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? ________________________________ Q2 2022 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.) 5. Environmental Information 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. Page 231 Section III: Construction 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 4,600,000.00 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 $ _______________ 6,863,762.75 2. Equity (excluding equity that is attributed to grants/tax credits) $ 1,211,252.255 3. Tax Exempt Bond Issuance (if applicable) $ _______________ 0.00 Site Work/Demo 2,500,000.00 Building Construction & Renovation 4,600,000.00 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 $ _______________ 6,863,762.75 2. Equity (excluding equity that is attributed to grants/tax credits) $ 1,211,252.255 3. Tax Exempt Bond Issuance (if applicable) $ _______________ 0.00 4. Taxable Bond Issuance (if applicable) $ 0.00 Page 232 5. Public Sources (Include sum total of all state and federal grants 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 $ _______________ 8,075,015.00 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. 1. Are there people currently employed at the project site? ☐Yes ☐No If yes, provide number of FTE jobs at the facility: 2. Complete the following: 4. Taxable Bond Issuance (if applicable) $ 0.00 Page 232 5. Public Sources (Include sum total of all state and federal grants 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 $ _______________ 8,075,015.00 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. 1. Are there people currently employed at the project site? ☐Yes ☐No If yes, provide number of FTE jobs at the facility: 2. Complete the following: 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 Page 233 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 Page 233 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 Page 234 ☐ 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 Page 234 SECTION III: Construction D) Projected Employment Growth Job Title/Category Anticipated Jobs Created Jobs Created Jobs Created Annual Pay Year 1 Year 2 Year 3 REGIONAL MANAGER $140,000 1 PROJECT MANAGER $120,000 2 CONSTRUCTION MGR $150,000 1 PROJECT ASSISTANT $50,000 1 1 MECHANIC $50,000 1 1 ESTIMATOR $85,000 1 1 SHOP SUPERVISOR $55,000 1 GENERAL OFFICE $60,000 1 MGR SAFETY PERSONNEL $100,000 1 OFFICE ADMIN / $40,000 1 CLERK SHOP SUPPORT $45,000 1 1 GROUNDMAN TRUCK $45,000 1 1 DRIVER TOTAL 7 15 18 Page 235 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 SECTION III: Construction D) Projected Employment Growth Job Title/Category Anticipated Jobs Created Jobs Created Jobs Created Annual Pay Year 1 Year 2 Year 3 REGIONAL MANAGER $140,000 1 PROJECT MANAGER $120,000 2 CONSTRUCTION MGR $150,000 1 PROJECT ASSISTANT $50,000 1 1 MECHANIC $50,000 1 1 ESTIMATOR $85,000 1 1 SHOP SUPERVISOR $55,000 1 GENERAL OFFICE $60,000 1 MGR SAFETY PERSONNEL $100,000 1 OFFICE ADMIN / $40,000 1 CLERK SHOP SUPPORT $45,000 1 1 GROUNDMAN TRUCK $45,000 1 1 DRIVER TOTAL 7 15 18 Page 235 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 Page 236 Section IV: Estimate of Real Property Tax Abatement Benefits 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 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 Page 236 Section IV: Estimate of Real Property Tax Abatement Benefits 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 1 100 2 90 3 80 4 70 5 60 6 50 7 40 8 30 9 20 10 10 TOTAL 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. Page 237 PILOT Exemption County Local School Total Full Tax Net Exemption Year % PILOT PILOT PILOT PILOT Payment Amount Amount Amount w/o PILOT 1 100 2 90 3 80 4 70 5 60 6 50 7 40 8 30 9 20 10 10 TOTAL 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. Page 237 SECTION: V ForProjects 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 Page 238 SECTION: V ForProjects 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 Page 238 SECTION VI: For Solar Projects Only Please complete the following as an addendum: P X, an 1. Describe the reasons why the Agency’s financial assistance is necessary. Describe how the Project would be affected if these benefits were not provided. [see Section II (C)] 2. Is the applicant leasing the property? ☐ Yes, please provide a copy of the lease ☐ No, purchased the property. Please provide documentation. 3. Has the applicant provided written communication to the affected taxing jurisdictions notifying them of its intent to construct a renewable energy project? ☐ Yes ☐ No 4. Has the applicant received a letter of support for the megawatt cost to be used as a basis for the PILOT from the town, city or village where the Project is located? ☐ Yes. Please provide copy. ☐ No 5. Has the applicant received a letter of support for the megawatt cost to be used as a basis for PILOT from the school district? ☐ Yes. Please provide copy. ☐ No 6. Is the entire parcel being used for the solar project? ☐ Yes ☐ No, if not, have you reached out to the town assessor to discuss a subdivision or slash parcel? Explain: ___________________________________________ 7. Will the applicant enter into a decommissioning plan with the host community, including financial assurance the plan can be executed? ☐ Yes, explain. ☐ No SECTION VI: For Solar Projects Only Please complete the following as an addendum: P X, an 1. Describe the reasons why the Agency’s financial assistance is necessary. Describe how the Project would be affected if these benefits were not provided. [see Section II (C)] 2. Is the applicant leasing the property? ☐ Yes, please provide a copy of the lease ☐ No, purchased the property. Please provide documentation. 3. Has the applicant provided written communication to the affected taxing jurisdictions notifying them of its intent to construct a renewable energy project? ☐ Yes ☐ No 4. Has the applicant received a letter of support for the megawatt cost to be used as a basis for the PILOT from the town, city or village where the Project is located? ☐ Yes. Please provide copy. ☐ No 5. Has the applicant received a letter of support for the megawatt cost to be used as a basis for PILOT from the school district? ☐ Yes. Please provide copy. ☐ No 6. Is the entire parcel being used for the solar project? ☐ Yes ☐ No, if not, have you reached out to the town assessor to discuss a subdivision or slash parcel? Explain: ___________________________________________ 7. Will the applicant enter into a decommissioning plan with the host community, including financial assurance the plan can be executed? ☐ Yes, explain. ☐ No *PLEASE SEE FOLLOWING PAGE FOR OCIDA SOLAR GUIDANCE & BEST PRACTICE Page 239 OCIDA Solar PILOTs Guidance and Best Practice OCIDA SOLAR PILOTs GUIDANCE AND BEST PRACTICE To be placed on the OCIDA meeting agenda, proposed solar projects must provide OCIDA with the following in advance of the Project’s first OCIDA meeting: 1. Fully completed OCIDA application. 2. Copy of Environmental Assessment Form. 3. A SEQR resolution approved by a local municipality indicating municipality will be lead agency, the type of action (I, II, or unlisted) and, if completed, the SEQR determination made by the municipality. 4. Copies of your zoning applications submitted to the local municipality. 5. Verification of parcel subdivision process with the town (if the entire parcel will not be used for the solar project). 6. A statement clarifying whether the applicant will lease or purchase the real property on which the Project is situated. If leased, provide a copy of the proposed or executed lease. If lease parcel is less then entire parcel then see 5 above. 7. A supporting document from the School District and the Town Board outlining the agreed upon cost per megawatt to be used as a basis for the PILOT. OCIDA cannot create the PILOT schedule without this information. 8. Absent a showing otherwise by the Company, deemed acceptable by the Agency in the sole and absolute discretion, the Company must close with the Agency on a project prior to consideration of any requested organizational structure or project entity ownership changes. *PLEASE SEE FOLLOWING PAGE FOR OCIDA SOLAR GUIDANCE & BEST PRACTICE Page 239 OCIDA Solar PILOTs Guidance and Best Practice OCIDA SOLAR PILOTs GUIDANCE AND BEST PRACTICE To be placed on the OCIDA meeting agenda, proposed solar projects must provide OCIDA with the following in advance of the Project’s first OCIDA meeting: 1. Fully completed OCIDA application. 2. Copy of Environmental Assessment Form. 3. A SEQR resolution approved by a local municipality indicating municipality will be lead agency, the type of action (I, II, or unlisted) and, if completed, the SEQR determination made by the municipality. 4. Copies of your zoning applications submitted to the local municipality. 5. Verification of parcel subdivision process with the town (if the entire parcel will not be used for the solar project). 6. A statement clarifying whether the applicant will lease or purchase the real property on which the Project is situated. If leased, provide a copy of the proposed or executed lease. If lease parcel is less then entire parcel then see 5 above. 7. A supporting document from the School District and the Town Board outlining the agreed upon cost per megawatt to be used as a basis for the PILOT. OCIDA cannot create the PILOT schedule without this information. 8. Absent a showing otherwise by the Company, deemed acceptable by the Agency in the sole and absolute discretion, the Company must close with the Agency on a project prior to consideration of any requested organizational structure or project entity ownership changes. You will receive a draft Cost Benefit Analysis and a Draft PILOT schedule from this office. You may use these documents as your Project progresses through the OCIDA approval process. OCIDA staff are available to update these two documents as needed. Page 240 You will receive a draft Cost Benefit Analysis and a Draft PILOT schedule from this office. You may use these documents as your Project progresses through the OCIDA approval process. OCIDA staff are available to update these two documents as needed. Page 240 SECTION VII: For Housing Projects Only Please complete the following as an addendum: 1. Describe the reasons why the Agency’s financial assistance is necessary. Describe how the project would be impacted if these benefits were not provided. [see Section II (C)] 2. Is the Project being built in a blighted area? Please describe. 3. Is the Project fulfilling an unmet need in the area? Please explain. 4. Please provide a market study documenting a need for such housing. 5. Is there support from local government officials for the Project and for the financial assistance being requested from the Agency? Please provide written documentation. 6. Is the Project considered infill in a populated area? Please explain. 7. Does the Project provide walkability? 8. Is there additional county infrastructure necessary to service the Project? If, yes, please explain. 9. Is the Project part of a larger mixed-use development? Please describe. Page 241 Page 242 Section IX: Agency Fee Schedule * Minimum Fee to be applied to all project receiving OCIDA benefits is 1% of the Total Project Cost (TPC) ACTIVITY FEES COMMENTS SECTION VII: For Housing Projects Only Please complete the following as an addendum: 1. Describe the reasons why the Agency’s financial assistance is necessary. Describe how the project would be impacted if these benefits were not provided. [see Section II (C)] 2. Is the Project being built in a blighted area? Please describe. 3. Is the Project fulfilling an unmet need in the area? Please explain. 4. Please provide a market study documenting a need for such housing. 5. Is there support from local government officials for the Project and for the financial assistance being requested from the Agency? Please provide written documentation. 6. Is the Project considered infill in a populated area? Please explain. 7. Does the Project provide walkability? 8. Is there additional county infrastructure necessary to service the Project? If, yes, please explain. 9. Is the Project part of a larger mixed-use development? Please describe. Page 241 Page 242 Section IX: Agency Fee Schedule * Minimum Fee to be applied to all project receiving OCIDA benefits is 1% of the Total Project Cost (TPC) ACTIVITY FEES COMMENTS N Non- refundable Application Fee (All projects $1,000 Due at time of except Solar Projects) application Non-refundable Application Fee (Solar $10,000 Projects Only) L Legal Deposit (All projects except Solar $2,500 Due at time of Projects) application S Legal Deposit (Solar Projects Only) $5,000 Minimum Fee of 1% of TPC 1. Sales and Use Tax Exemption .01 X TPC Due at closing 2. Mortgage Recording Tax 3. PILOT is an additional fee .0025 X TPC (total .0125) Bonds Due at closing B Bond refinancing and refunding .0025 of TPC A Agency Legal Fees .0. Fe Fee for first $20 million .0025 X of the project cost or bond Due at closing amount Fe Fee for expenses above $20 million .. .0 .00125 X of project cost or bond amount N Non- refundable Application Fee (All projects $1,000 Due at time of except Solar Projects) application Non-refundable Application Fee (Solar $10,000 Projects Only) L Legal Deposit (All projects except Solar $2,500 Due at time of Projects) application S Legal Deposit (Solar Projects Only) $5,000 Minimum Fee of 1% of TPC 1. Sales and Use Tax Exemption .01 X TPC Due at closing 2. Mortgage Recording Tax 3. PILOT is an additional fee .0025 X TPC (total .0125) Bonds Due at closing B Bond refinancing and refunding .0025 of TPC A Agency Legal Fees .0. Fe Fee for first $20 million .0025 X of the project cost or bond Due at closing amount Fe Fee for expenses above $20 million .. .0 .00125 X of project cost or bond amount . Amendment or Modification of IDA U Up to but not to exceed 5% of Agency Due at time of documents, including but not limited to name Fee as noted on the Cost Benefit Request or organization change, refinancing, etc. Analysis at time of project approval. Consent to the amendment or modification ofLe Attorney fees determined by OCIDA IDA documents prior to closing on the project Legal Representative. shall be given at OCIDA’s sole and absolute discretion. OCIDA reserves the right to modify this schedule at any time and assess fees and charges in connection with other transactions such as grants of easement or lease or sale of OCIDA-owned property. Page 243 Page 244 Page 245 Section XII: Representations, Certifications, and Indemnification Gary W. Didado (Name of CEO or other authorized representative of Applicant) confirms and says that he/she is the ____________________ President & Member (title) of ____________________ (name of corporation or other entity) named in the attached J.W. Didado Electric, LLC and G & R Morgan Road, LLC Application (the “Applicant”), that he/she has read the foregoing Application and knows the contents thereof, and hereby represents, understands, and otherwise agrees with the Agency and as follows: . Amendment or Modification of IDA U Up to but not to exceed 5% of Agency Due at time of documents, including but not limited to name Fee as noted on the Cost Benefit Request or organization change, refinancing, etc. Analysis at time of project approval. Consent to the amendment or modification ofLe Attorney fees determined by OCIDA IDA documents prior to closing on the project Legal Representative. shall be given at OCIDA’s sole and absolute discretion. OCIDA reserves the right to modify this schedule at any time and assess fees and charges in connection with other transactions such as grants of easement or lease or sale of OCIDA-owned property. Page 243 Page 244 Page 245 Section XII: Representations, Certifications, and Indemnification Gary W. Didado (Name of CEO or other authorized representative of Applicant) confirms and says that he/she is the ____________________ President & Member (title) of ____________________ (name of corporation or other entity) named in the attached J.W. Didado Electric, LLC and G & R Morgan Road, LLC Application (the “Applicant”), that he/she has read the foregoing Application and knows the contents thereof, and hereby represents, understands, and otherwise agrees with the Agency and as follows: A. First Consideration for Employment: In accordance with §858-b (2) of the New York General Municipal Law, the Applicant understands and agrees that if the Project receives any Financial Assistance from the Agency, except as otherwise provided by collective bargaining agreements, where practicable, the Applicant will first consider persons eligible to participate in WIA programs who shall be referred by the CNY Works for new employment opportunities created as a result of the Project. B. Other NYS Facilities: In accordance with §862 (1) of the New York General Municipal Law, the Applicant understands and agrees that projects which will result in the removal of an industrial or manufacturing plant of the project occupant 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 project occupant within the state is ineligible for Agency Financial Assistance, unless otherwise approved by the Agency as reasonably necessary to preserve the competitive position of the project in its respective industry or is reasonably necessary. A. First Consideration for Employment: In accordance with §858-b (2) of the New York General Municipal Law, the Applicant understands and agrees that if the Project receives any Financial Assistance from the Agency, except as otherwise provided by collective bargaining agreements, where practicable, the Applicant will first consider persons eligible to participate in WIA programs who shall be referred by the CNY Works for new employment opportunities created as a result of the Project. B. Other NYS Facilities: In accordance with §862 (1) of the New York General Municipal Law, the Applicant understands and agrees that projects which will result in the removal of an industrial or manufacturing plant of the project occupant 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 project occupant within the state is ineligible for Agency Financial Assistance, unless otherwise approved by the Agency as reasonably necessary to preserve the competitive position of the project in its respective industry or is reasonably necessary. C. Annual Sales Tax Filings: In accordance with §874(8) of the New York General Municipal Law, the Applicant understands and agrees that if the Project receives any sales tax exemptions as part of the Financial Assistance from the Agency, the Applicant agrees to file, or cause to be filed, with the New York State Department of Taxation and Finance, the annual form prescribed by the Department of Taxation and Finance, describing the value of all sales tax exemptions claimed by the Applicant and all consultants or subcontractors retained by the Applicant. D. Outstanding Bonds: The Applicant understands and agrees to provide on an annual basis any information regarding bonds, if any, issued by the Agency for the project that is requested by the Comptroller of the State of New York. C. Annual Sales Tax Filings: In accordance with §874(8) of the New York General Municipal Law, the Applicant understands and agrees that if the Project receives any sales tax exemptions as part of the Financial Assistance from the Agency, the Applicant agrees to file, or cause to be filed, with the New York State Department of Taxation and Finance, the annual form prescribed by the Department of Taxation and Finance, describing the value of all sales tax exemptions claimed by the Applicant and all consultants or subcontractors retained by the Applicant. D. Outstanding Bonds: The Applicant understands and agrees to provide on an annual basis any information regarding bonds, if any, issued by the Agency for the project that is requested by the Comptroller of the State of New York. E. Employment Reports: The Applicant understands and agrees that, if the Project receives any financial assistance from the Agency, the Applicant agrees to file with the Agency, at least annually or as otherwise required by the Agency, reports regarding the number of people employed at the project site, salary levels, contractor utilization and such other information (collectively, “Employment Reports”) that may be required from time to time on such appropriate forms as designated by the Agency. Failure to provide Employment Reports within 30 days of an Agency request shall be an Event of Default under the PILOT Agreement between the Agency and Applicant and, if applicable, an Event of Default under the Agent Agreement between the Agency and Applicant. In addition, a Notice of Failure to provide the Agency with an Employment Report may be reported to Agency board members, with said report being an agenda item subject to the open meetings law. Page 246 E. Employment Reports: The Applicant understands and agrees that, if the Project receives any financial assistance from the Agency, the Applicant agrees to file with the Agency, at least annually or as otherwise required by the Agency, reports regarding the number of people employed at the project site, salary levels, contractor utilization and such other information (collectively, “Employment Reports”) that may be required from time to time on such appropriate forms as designated by the Agency. Failure to provide Employment Reports within 30 days of an Agency request shall be an Event of Default under the PILOT Agreement between the Agency and Applicant and, if applicable, an Event of Default under the Agent Agreement between the Agency and Applicant. In addition, a Notice of Failure to provide the Agency with an Employment Report may be reported to Agency board members, with said report being an agenda item subject to the open meetings law. Page 246 F. Prevailing Wage: The Applicant understands and agrees that, if the Project receives any financial assistance from the Agency, the Applicant shall determine whether the Project is a “covered project” pursuant to Section 224-a of Article 8 of the New York Labor Law and, if applicable, the Applicant shall comply with Section 224-a of Article 8 of the New York Labor Law; and the Applicant further covenants that the Applicant shall provide such evidence of the foregoing as requested by the Agency. G. Absence of Conflicts of Interest: The Applicant has received from the Agency a list of the members, officers and employees of the Agency. No member, officer or employee of the Agency has an interest, whether direct or indirect in any transaction contemplated by this Application, except as hereinafter described in Section X. H. Compliance: The Applicant understands and agrees that it is in substantial compliance with applicable local, state, and federal tax, worker protection, and environmental laws, rules, and regulations. I. The Applicant understands and agrees that the provisions of Section 862(1) of the New York General Municipal Law, as provided below, will not be violated if financial assistance is provided for the proposed Project: F. Prevailing Wage: The Applicant understands and agrees that, if the Project receives any financial assistance from the Agency, the Applicant shall determine whether the Project is a “covered project” pursuant to Section 224-a of Article 8 of the New York Labor Law and, if applicable, the Applicant shall comply with Section 224-a of Article 8 of the New York Labor Law; and the Applicant further covenants that the Applicant shall provide such evidence of the foregoing as requested by the Agency. G. Absence of Conflicts of Interest: The Applicant has received from the Agency a list of the members, officers and employees of the Agency. No member, officer or employee of the Agency has an interest, whether direct or indirect in any transaction contemplated by this Application, except as hereinafter described in Section X. H. Compliance: The Applicant understands and agrees that it is in substantial compliance with applicable local, state, and federal tax, worker protection, and environmental laws, rules, and regulations. I. The Applicant understands and agrees that the provisions of Section 862(1) of the New York General Municipal Law, as provided below, will not be violated if financial assistance is provided for the proposed Project: § 862. Restrictions on funds of the Agency. (1) No funds of the Agency shall be used in respect of any project if the completion thereof would result in the removal of an industrial or manufacturing plant of the project occupant 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 project occupant located within the state, provided, however, that neither restriction shall apply if the agency shall determine on the basis of the application before it that the project is reasonably necessary to discourage the project occupant from removing such other plant or facility to a location outside the state or is reasonably necessary to preserve the competitive position of the project occupant in its respective industry. J. The Applicant confirms and acknowledges that the owner, occupant or operator receiving financial assistance for the proposed Project is in substantial compliance with applicable local, state, and federal tax, worker protection and environmental laws, rules and regulations. § 862. Restrictions on funds of the Agency. (1) No funds of the Agency shall be used in respect of any project if the completion thereof would result in the removal of an industrial or manufacturing plant of the project occupant 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 project occupant located within the state, provided, however, that neither restriction shall apply if the agency shall determine on the basis of the application before it that the project is reasonably necessary to discourage the project occupant from removing such other plant or facility to a location outside the state or is reasonably necessary to preserve the competitive position of the project occupant in its respective industry. J. The Applicant confirms and acknowledges that the owner, occupant or operator receiving financial assistance for the proposed Project is in substantial compliance with applicable local, state, and federal tax, worker protection and environmental laws, rules and regulations. K. The Applicant confirms and acknowledges that the submission of any knowingly false or knowingly misleading information may lead to the immediate termination of any financial assistance and the reimbursement of an amount equal to all or part of any tax exemption claimed by reason of the Agency’s involvement in the Project. L. The Applicant confirms and hereby acknowledges that as of the date of this Application, the Applicant is in substantial compliance with all provisions of Article 18-A of the New York General Municipal Law, including, but not limited to, the provision of Section 859- a and Section 862(1) of the New York General Municipal Law. Page 247 M. The Applicant and the individual executing this Application on behalf of Applicant acknowledge that the Agency and its counsel will rely on the representations and covenants made in this Application when acting hereon and hereby represents that the statements made herein do not contain any untrue statement of a material fact and do not omit to state a material fact necessary to make the statement contained herein not misleading. N. The OCIDA has the right to request and inspect supporting documentation regarding attestations made on this application. K. The Applicant confirms and acknowledges that the submission of any knowingly false or knowingly misleading information may lead to the immediate termination of any financial assistance and the reimbursement of an amount equal to all or part of any tax exemption claimed by reason of the Agency’s involvement in the Project. L. The Applicant confirms and hereby acknowledges that as of the date of this Application, the Applicant is in substantial compliance with all provisions of Article 18-A of the New York General Municipal Law, including, but not limited to, the provision of Section 859- a and Section 862(1) of the New York General Municipal Law. Page 247 M. The Applicant and the individual executing this Application on behalf of Applicant acknowledge that the Agency and its counsel will rely on the representations and covenants made in this Application when acting hereon and hereby represents that the statements made herein do not contain any untrue statement of a material fact and do not omit to state a material fact necessary to make the statement contained herein not misleading. N. The OCIDA has the right to request and inspect supporting documentation regarding attestations made on this application. O. Hold Harmless Agreement: Applicant hereby releases Onondaga County Industrial Development Agency and the members, officers, servants, agents and employees thereof (the "Agency") from, agrees that the Agency shall not be liable for, and agrees to indemnify, defend and hold the Agency harmless from and against any and all liability arising from or expense incurred by: (A) the Agency's examination and processing of, and action pursuant to or upon, the attached Application, regardless of whether or not the Application or the Project described therein or the tax-exemptions and other assistance requested therein are favorably acted upon by the Agency; (B) the Agency's acquisition, construction, and/or installation of the Project described therein and (C) any further action taken by the Agency with respect to the Project, including without limiting the generality of the foregoing, all cause of action and attorney's fees and any other expenses incurred in defending any suits or action which may arise as a result of any of the foregoing. If, for any reason, the Applicant fails to conclude or consummate necessary negotiations, or fails, within a reasonable or specified period of time, to take reasonable, proper or requested action, or withdraws, abandons, cancels or neglects the Application, or if the Agency or the Applicant are unable to reach final agreement with respect to the Project, then, and in the event, upon presentation of an invoice itemizing the same, the Applicant shall pay to the Agency, its agents or assigns, all costs incurred by the Agency in the process of the Application, including attorney's fees, if any. O. Hold Harmless Agreement: Applicant hereby releases Onondaga County Industrial Development Agency and the members, officers, servants, agents and employees thereof (the "Agency") from, agrees that the Agency shall not be liable for, and agrees to indemnify, defend and hold the Agency harmless from and against any and all liability arising from or expense incurred by: (A) the Agency's examination and processing of, and action pursuant to or upon, the attached Application, regardless of whether or not the Application or the Project described therein or the tax-exemptions and other assistance requested therein are favorably acted upon by the Agency; (B) the Agency's acquisition, construction, and/or installation of the Project described therein and (C) any further action taken by the Agency with respect to the Project, including without limiting the generality of the foregoing, all cause of action and attorney's fees and any other expenses incurred in defending any suits or action which may arise as a result of any of the foregoing. If, for any reason, the Applicant fails to conclude or consummate necessary negotiations, or fails, within a reasonable or specified period of time, to take reasonable, proper or requested action, or withdraws, abandons, cancels or neglects the Application, or if the Agency or the Applicant are unable to reach final agreement with respect to the Project, then, and in the event, upon presentation of an invoice itemizing the same, the Applicant shall pay to the Agency, its agents or assigns, all costs incurred by the Agency in the process of the Application, including attorney's fees, if any. ATTACHMENT TO APPLICATION FOR BENEFITS ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY J.W. DIDADO ELECTRIC, LLC and G & R MORGAN ROAD, LLC ATTACHMENT TO APPLICATION FOR BENEFITS ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY J.W. DIDADO ELECTRIC, LLC and G & R MORGAN ROAD, LLC SECTION II: Project and Site Information C) Given all the uncertainties associated with this Project, including the expansion into a new state and the volatility of the overall economy caused by the pandemic and rising inflation, this Project needs the certainty of the financial assistance available from the Agency for the Project to be economically feasible. D) Detailed information regarding J.W. Didado Electric, LLC (“JWD”) including JWD history, the executive team, operations, and experience is included with this Application. The Applicants include a brief summary of that detail here. In 1958, JWD began as a one-man crew. Today, from the main headquarters are in Akron, Ohio, JWD, a full-service electrical contractor, serves customers in 23-states, and employs more than 700-people. JWD’s customers include commercial, industrial, institutional, and utility companies. JWD’s services include designing and building electrical substations, maintaining and repairing high voltage transmission lines, providing advanced technology solutions, undertaking electrical infrastructure repairs needed to restore severe storm damage. The core values of JWD are safety, quality, customer service, diversity, community service, and sustainability. JWD has a well-established train-to-hire program as well as a mentoring program. SECTION II: Project and Site Information C) Given all the uncertainties associated with this Project, including the expansion into a new state and the volatility of the overall economy caused by the pandemic and rising inflation, this Project needs the certainty of the financial assistance available from the Agency for the Project to be economically feasible. D) Detailed information regarding J.W. Didado Electric, LLC (“JWD”) including JWD history, the executive team, operations, and experience is included with this Application. The Applicants include a brief summary of that detail here. In 1958, JWD began as a one-man crew. Today, from the main headquarters are in Akron, Ohio, JWD, a full-service electrical contractor, serves customers in 23-states, and employs more than 700-people. JWD’s customers include commercial, industrial, institutional, and utility companies. JWD’s services include designing and building electrical substations, maintaining and repairing high voltage transmission lines, providing advanced technology solutions, undertaking electrical infrastructure repairs needed to restore severe storm damage. The core values of JWD are safety, quality, customer service, diversity, community service, and sustainability. JWD has a well-established train-to-hire program as well as a mentoring program. JWD evaluated the need to better position the company’s resources to serve the company’s customer base in the northeastern United States for services including storm repair response and construction of infrastructure improvements, such as microgrids and utility scale renewable energy projects, and determined to expand in New York State. The Project site is JWD’s preferred location for the New York State expansion. Working together, JWD and G & R Morgan Road, LLC (“G & R”) will develop the currently vacant Project site into JWD’s New York State base of operations. G & R is under contract to purchase the Project site and, on satisfaction of all conditions precedent, G & R will acquire and own the real property, construct and own the facility, and lease the facility to JWD. From the Project facility, JWD will serve customers both within and beyond New York State as shown in the maps included with this Application. JWD evaluated the need to better position the company’s resources to serve the company’s customer base in the northeastern United States for services including storm repair response and construction of infrastructure improvements, such as microgrids and utility scale renewable energy projects, and determined to expand in New York State. The Project site is JWD’s preferred location for the New York State expansion. Working together, JWD and G & R Morgan Road, LLC (“G & R”) will develop the currently vacant Project site into JWD’s New York State base of operations. G & R is under contract to purchase the Project site and, on satisfaction of all conditions precedent, G & R will acquire and own the real property, construct and own the facility, and lease the facility to JWD. From the Project facility, JWD will serve customers both within and beyond New York State as shown in the maps included with this Application. The Project will include construction of an approximately 24,000-square foot steel frame building on the approximately 12.17-acres Project site. The approximately 10,000-square foot, 2-story portion of the facility will serve as office and training space, and the remaining 14,000-square feet will include 9-pull-in truck bays to facilitate the tooling and de-tooling of trucks before and after use at on-site locations and the service and maintenance of the trucks; climate-controlled safety equipment storage area; general storage; employee onboarding area; and smaller office space. In addition to the building, there will be parking and infrastructure improvements to support JWD’s operations. Once operational at the Project site, JWD will introduce the “Live Classroom” concept used at JWD’s Ohio headquarters and discussed in more detail in the materials included with this Application. Page 250 The Project will include construction of an approximately 24,000-square foot steel frame building on the approximately 12.17-acres Project site. The approximately 10,000-square foot, 2-story portion of the facility will serve as office and training space, and the remaining 14,000-square feet will include 9-pull-in truck bays to facilitate the tooling and de-tooling of trucks before and after use at on-site locations and the service and maintenance of the trucks; climate-controlled safety equipment storage area; general storage; employee onboarding area; and smaller office space. In addition to the building, there will be parking and infrastructure improvements to support JWD’s operations. Once operational at the Project site, JWD will introduce the “Live Classroom” concept used at JWD’s Ohio headquarters and discussed in more detail in the materials included with this Application. Page 250 SECTION II: PROJECT AND SITE INFORMATION D (continued) and I Page 251 Our Executive Team at J.W. Didado Electric Gary Didado Maria Jacobozzi Michelle Molinet President of JWD Didado Chief Financial Officer Vice President of JWD Dan Sublett George Bare Lindsay Gierhart Vice President of Operations Vice President of Fleet Vice President of Financial Processes & Controls Bill Paolillo Ed Zetts Vice President Strategic Allianc- Vice President of Substation es & Advanced Technologies & Infrastructure SECTION II: PROJECT AND SITE INFORMATION D (continued) and I Page 251 Our Executive Team at J.W. Didado Electric Gary Didado Maria Jacobozzi Michelle Molinet President of JWD Didado Chief Financial Officer Vice President of JWD Dan Sublett George Bare Lindsay Gierhart Vice President of Operations Vice President of Fleet Vice President of Financial Processes & Controls Bill Paolillo Ed Zetts Vice President Strategic Allianc- Vice President of Substation es & Advanced Technologies & Infrastructure EXECUTIVE LEADERSHIP Page 252 Gary Didado President of JWD Gary’s father, John, founded J.W. Didado in 1958. Gary started his career in 1977 as an electrical contractor with J.W. Didado and was named President in 1981. Under Gary’s leadership, J.W. Didado has grown into one of the nation’s largest and most successful full-service electrical contract- ing firms and was acquired by Quanta Services in 2013. He is responsible for the vision, mission and day-to-day operations of J.W. Didado, as well as strategic planning, sales and marketing, union and contract negotia- tions. Gary is a graduate of Tallmadge High School and attended The University of Akron. He has held 36 individual electri- cal licenses in Ohio and surrounding states. EXECUTIVE LEADERSHIP Page 252 Gary Didado President of JWD Gary’s father, John, founded J.W. Didado in 1958. Gary started his career in 1977 as an electrical contractor with J.W. Didado and was named President in 1981. Under Gary’s leadership, J.W. Didado has grown into one of the nation’s largest and most successful full-service electrical contract- ing firms and was acquired by Quanta Services in 2013. He is responsible for the vision, mission and day-to-day operations of J.W. Didado, as well as strategic planning, sales and marketing, union and contract negotia- tions. Gary is a graduate of Tallmadge High School and attended The University of Akron. He has held 36 individual electri- cal licenses in Ohio and surrounding states. An active volunteer in the Akron community, Gary serves on the boards of Ak- ron Children’s Hospital Foundation and Walsh University. He has served and supports Catholic Charities Community Services of Summit County, Embrace Clinic & Care Center, Archbishop Hoban High School, St. Vincent-St. Mary High School, the Julie Billiard School for Autism, Boy Scouts of America, Halo Foun- dation, Summit County Department of Disabilities, St. Bernard’s Hunger Center, Sister Annette’s Flag Memorial and Challenger Ball Field. An active volunteer in the Akron community, Gary serves on the boards of Ak- ron Children’s Hospital Foundation and Walsh University. He has served and supports Catholic Charities Community Services of Summit County, Embrace Clinic & Care Center, Archbishop Hoban High School, St. Vincent-St. Mary High School, the Julie Billiard School for Autism, Boy Scouts of America, Halo Foun- dation, Summit County Department of Disabilities, St. Bernard’s Hunger Center, Sister Annette’s Flag Memorial and Challenger Ball Field. EXECUTIVE LEADERSHIP Page 253 Dan Sublett Vice President of Operations As Vice President of Operations for J.W. Didado Electric, Dan Sublett is responsible for execution of the com- pany’s growth strategies, new busi- ness development, corporate polices implementation, and all overhead construction operations. EXECUTIVE LEADERSHIP Page 253 Dan Sublett Vice President of Operations As Vice President of Operations for J.W. Didado Electric, Dan Sublett is responsible for execution of the com- pany’s growth strategies, new busi- ness development, corporate polices implementation, and all overhead construction operations. He earned a Bachelor of Science degree in Civil and Construction Engineering from Youngstown State University in 2007 as well as a Master of Business Administration degree from Malone University in 2013. In addition to his formal education Dan also holds certifications as a Project Management Professional and E.I.T. In 2014, he completed the Civil Engi- neer Officer Course at Wright Patterson AFB, Dayton, Ohio. Dan began his career working for a large investor-owned utility where he developed his foundational knowledge of electrical infrastructure design and construction. After five years working directly for a utility, he took on the role as a Lead Project Manager for a global EPC contractor. He joined J.W. Didado in 2013 as a Project Manager, overseeing a portfolio of work in excess of $200M annually. Throughout his career with J.W. Didado, he has provided leadership and support for the company’s growth and suc- cess. He earned a Bachelor of Science degree in Civil and Construction Engineering from Youngstown State University in 2007 as well as a Master of Business Administration degree from Malone University in 2013. In addition to his formal education Dan also holds certifications as a Project Management Professional and E.I.T. In 2014, he completed the Civil Engi- neer Officer Course at Wright Patterson AFB, Dayton, Ohio. Dan began his career working for a large investor-owned utility where he developed his foundational knowledge of electrical infrastructure design and construction. After five years working directly for a utility, he took on the role as a Lead Project Manager for a global EPC contractor. He joined J.W. Didado in 2013 as a Project Manager, overseeing a portfolio of work in excess of $200M annually. Throughout his career with J.W. Didado, he has provided leadership and support for the company’s growth and suc- cess. In addition to his professional responsibilities, he is a Captain in the Ohio Air National Guard. He has served in various leadership capacities for 19 years in the military as both an enlisted member and officer. During this time, he has been a part of numerous overseas missions in different capacities which has contributed to the development of his leadership skills and growth. In addition to his professional responsibilities, he is a Captain in the Ohio Air National Guard. He has served in various leadership capacities for 19 years in the military as both an enlisted member and officer. During this time, he has been a part of numerous overseas missions in different capacities which has contributed to the development of his leadership skills and growth. EXECUTIVE LEADERSHIP Page 254 We are J.W. Didado Electric, one of the nation’s foremost electrical contractors and the right choice for your home, business, or city. At J.W. Didado we’ve been surpassing the expecta- tions of our customers for more than 60 years. John W. Didado likely never envisioned that the company he started as a one-man crew in 1958 would grow into the company that it is today. Headquartered in Akron, Ohio, J.W. Didado is a full-service electrical contractor providing high performance solutions to residential, commercial, industrial, institutional, and large utility customers. Serving customers in 23 states, we now employ more than 700 people. One of the largest and most successful electrical contractors in the U.S., our manpower and equipment enable us to handle projects of any size and type. EXECUTIVE LEADERSHIP Page 254 We are J.W. Didado Electric, one of the nation’s foremost electrical contractors and the right choice for your home, business, or city. At J.W. Didado we’ve been surpassing the expecta- tions of our customers for more than 60 years. John W. Didado likely never envisioned that the company he started as a one-man crew in 1958 would grow into the company that it is today. Headquartered in Akron, Ohio, J.W. Didado is a full-service electrical contractor providing high performance solutions to residential, commercial, industrial, institutional, and large utility customers. Serving customers in 23 states, we now employ more than 700 people. One of the largest and most successful electrical contractors in the U.S., our manpower and equipment enable us to handle projects of any size and type. Though we’ve grown, we haven’t forgotten where and how we started. We know that helping others is good business and we contribute significant financial support and volunteer hours to worthy civic, charitable, and cultural organizations in the cities and communities where we live and work. Though we’ve grown, we haven’t forgotten where and how we started. We know that helping others is good business and we contribute significant financial support and volunteer hours to worthy civic, charitable, and cultural organizations in the cities and communities where we live and work. COMPANY OVERVIEW Page 255 Our Mission J.W. Didado is committed to safe operations and providing superior service to our customers whether we’re working for the family down the street or for one of the country’s largest utilities, hospitals, universities or Fortune 500 corporations. We stake our reputation on every job that we do and dedi- cate our daily work to providing you with a More Powerful Life. Our Core Values At all levels or our organization, safety, quality, customer service, diversity, com- munity outreach and sustainability are the core values that guide us in our daily operation. These values reflect the vision of our senior leadership and their en- gagement sets the example for others. Their hands-on approach demonstrates their commitment to excellence and the standards we expect every member of the J.W. Didado team to live up to. COMPANY OVERVIEW Page 255 Our Mission J.W. Didado is committed to safe operations and providing superior service to our customers whether we’re working for the family down the street or for one of the country’s largest utilities, hospitals, universities or Fortune 500 corporations. We stake our reputation on every job that we do and dedi- cate our daily work to providing you with a More Powerful Life. Our Core Values At all levels or our organization, safety, quality, customer service, diversity, com- munity outreach and sustainability are the core values that guide us in our daily operation. These values reflect the vision of our senior leadership and their en- gagement sets the example for others. Their hands-on approach demonstrates their commitment to excellence and the standards we expect every member of the J.W. Didado team to live up to. RESIDENTIAL COMMERCIAL INDUSTRIAL RESIDENTIAL COMMERCIAL INDUSTRIAL TRANSMISSION DISTRIBUTION SUBSTATION TRANSMISSION DISTRIBUTION SUBSTATION EMERGENCY & STORM RESTORATION SOLAR RENEWABLES EMERGENCY & STORM RESTORATION SOLAR RENEWABLES BUSINESS DESCRIPTION Our highly skilled and dedicated professionals can replace a single outlet in your home or wire new corporate buildings and hospitals. We design and build electrical substations, maintain, and repair high voltage transmission lines, provide advanced technology solutions, and help restore power to cities ravaged by severe storms. As a member of the Quanta Services family of companies, we have the fi- nancial strength, employees, equipment, and bonding capacity to handle the biggest and most complex projects. J.W. Didado is an industry leader in storm restoration and disaster recov- ery services and has helped restore power after countless tornados, hurri- canes, and ice and snowstorms throughout the Midwest, Atlantic and Gulf Coast regions. Our services include emergency overhead line repair up to 500kV, substation rebuild and repair, localized residential and commercial restoration, damage assessment services, generator installation and under- ground/network troubleshooting. Our fully equipped fleet of vehicles and our ability to mobilize and transport experienced crews in hours rather than days sets us apart and is why we are a trusted storm restoration partner of many of the country’s largest utilities. BUSINESS DESCRIPTION Our highly skilled and dedicated professionals can replace a single outlet in your home or wire new corporate buildings and hospitals. We design and build electrical substations, maintain, and repair high voltage transmission lines, provide advanced technology solutions, and help restore power to cities ravaged by severe storms. As a member of the Quanta Services family of companies, we have the fi- nancial strength, employees, equipment, and bonding capacity to handle the biggest and most complex projects. J.W. Didado is an industry leader in storm restoration and disaster recov- ery services and has helped restore power after countless tornados, hurri- canes, and ice and snowstorms throughout the Midwest, Atlantic and Gulf Coast regions. Our services include emergency overhead line repair up to 500kV, substation rebuild and repair, localized residential and commercial restoration, damage assessment services, generator installation and under- ground/network troubleshooting. Our fully equipped fleet of vehicles and our ability to mobilize and transport experienced crews in hours rather than days sets us apart and is why we are a trusted storm restoration partner of many of the country’s largest utilities. BUSINESS DESCRIPTION Page 258 As a full-service contractor, J.W. Didado offers a host of solar services related to utility scale and microgrids. As a full-service contractor, J.W. Didado offers a host of solar services related to utility scale and microgrids. We offer a full menu of project management, planning, engineering, procurement, construction, commission- ing, and maintenance as your turnkey Engineer/Pro- cure/Construct (EPC) solution-based specialist. Bene- fits of these services allows our customers to optimize energy costs, gain access to stored power, ensure quality and security of supply and provide a positive environmental impact. At J.W. Didado we walk you through the process to understand how your renewable generation will im- pact your profit, people, and the planet. When con- sidering a renewable generation solution, you need to define the use case for resilience, reliability, and sustainability. J.W. Didado offers a full menu of plan- ning, project management, engineering, procurement, construction, commissioning, and maintenance ser- vices. BUSINESS DESCRIPTION Page 258 As a full-service contractor, J.W. Didado offers a host of solar services related to utility scale and microgrids. As a full-service contractor, J.W. Didado offers a host of solar services related to utility scale and microgrids. We offer a full menu of project management, planning, engineering, procurement, construction, commission- ing, and maintenance as your turnkey Engineer/Pro- cure/Construct (EPC) solution-based specialist. Bene- fits of these services allows our customers to optimize energy costs, gain access to stored power, ensure quality and security of supply and provide a positive environmental impact. At J.W. Didado we walk you through the process to understand how your renewable generation will im- pact your profit, people, and the planet. When con- sidering a renewable generation solution, you need to define the use case for resilience, reliability, and sustainability. J.W. Didado offers a full menu of plan- ning, project management, engineering, procurement, construction, commissioning, and maintenance ser- vices. J.W. Didado offers access to the deepest and broadest skills pool, in addition to the comprehensive portfolio of civil and outside electric capabilities in North Amer- ica. We self-perform all electrical work, collaborating with our customers to provide high quality, cost cer- tainty, and safety. With J.W. Didado, you have the flex- ibility of choosing a single service or full EPC solution for your renewable generation needs. J.W. Didado offers access to the deepest and broadest skills pool, in addition to the comprehensive portfolio of civil and outside electric capabilities in North Amer- ica. We self-perform all electrical work, collaborating with our customers to provide high quality, cost cer- tainty, and safety. With J.W. Didado, you have the flex- ibility of choosing a single service or full EPC solution for your renewable generation needs. COMMUNITY OUTREACH AT JWD VOLUNTEERISM • SUPPORTING LOCAL • TRAIN TO HIRE At J.W. Didado, we know that a key component of being a good corporate citizen is giving back to the communities in which we live and work and we have a long and extensive history of community ser- vice. Our community outreach is broad and multifaceted and one of our core values. Helping the dis- advantaged and less fortunate, financially supporting worthy charitable and nonprofit organizations and volunteering our time and efforts are key components of our community outreach programs. We’re proud of our contributions to the many worthy causes we support and of our participation in many major construction and reconstruction projects in Akron and throughout Northeast Ohio. The bottom line is that J.W. Didado is an active, responsible corporate citizen that believes in its com- munities and will continue to support and participate in projects that will help ensure their success. COMMUNITY OUTREACH AT JWD VOLUNTEERISM • SUPPORTING LOCAL • TRAIN TO HIRE At J.W. Didado, we know that a key component of being a good corporate citizen is giving back to the communities in which we live and work and we have a long and extensive history of community ser- vice. Our community outreach is broad and multifaceted and one of our core values. Helping the dis- advantaged and less fortunate, financially supporting worthy charitable and nonprofit organizations and volunteering our time and efforts are key components of our community outreach programs. We’re proud of our contributions to the many worthy causes we support and of our participation in many major construction and reconstruction projects in Akron and throughout Northeast Ohio. The bottom line is that J.W. Didado is an active, responsible corporate citizen that believes in its com- munities and will continue to support and participate in projects that will help ensure their success. Our “Live Classroom” program is designed to mentor students who desire to pursue careers in the fields of construction, engineering, or architecture by focusing on STEM related training. Our 12-week workforce development program, “Train to Hire”, is aimed at transitioning young adults to fulltime, part-time, or project specific employment opportunities. The promotion of our “Brighter Future Program” helps to guide individuals who have previously been incarcerated providing them with second chance work opportunities. J.W. Didado utilizes Competitive Edge for business development in addition to its existing diver- sity inclusion model. The company is moving to collectively mold a strong commitment to the enrichment of several areas such as economic stability, community outreach, education, and mentorship. Our ultimate goal is to become a beneficial resource for local communities, youth, residents, and our local businesses. Through community involvement, the money allocated for J.W. Didado Electric’s projects is invested back into the local surrounding communities. Subcontractors are required to utilize available local workforce, suppliers, and contractors. Competitive Edge enrichment plan allows economic improvement as a result of project dollars being reinvested back into local regions. Our “Live Classroom” program is designed to mentor students who desire to pursue careers in the fields of construction, engineering, or architecture by focusing on STEM related training. Our 12-week workforce development program, “Train to Hire”, is aimed at transitioning young adults to fulltime, part-time, or project specific employment opportunities. The promotion of our “Brighter Future Program” helps to guide individuals who have previously been incarcerated providing them with second chance work opportunities. J.W. Didado utilizes Competitive Edge for business development in addition to its existing diver- sity inclusion model. The company is moving to collectively mold a strong commitment to the enrichment of several areas such as economic stability, community outreach, education, and mentorship. Our ultimate goal is to become a beneficial resource for local communities, youth, residents, and our local businesses. Through community involvement, the money allocated for J.W. Didado Electric’s projects is invested back into the local surrounding communities. Subcontractors are required to utilize available local workforce, suppliers, and contractors. Competitive Edge enrichment plan allows economic improvement as a result of project dollars being reinvested back into local regions. MARKETING & SALES ANALYSIS Page 260 Areas Served in Target Region National Grid MARKETING & SALES ANALYSIS Page 260 Areas Served in Target Region National Grid OPERATING PLAN Page 261 Areas Served in Target Region Orange & Rockland OPERATING PLAN Page 261 Areas Served in Target Region Orange & Rockland OPERATING PLAN Page 262 Areas Served in Target Region New York Power Authority OPERATING PLAN Page 262 Areas Served in Target Region New York Power Authority OPERATING PLAN Page 263 Areas Served in Target Region LIPA OPERATING PLAN Page 263 Areas Served in Target Region LIPA OPERATING PLAN Page 264 Customers Served REGIONAL GROWTH OPPORTUNITIES 48 OPERATING PLAN Page 264 Customers Served REGIONAL GROWTH OPPORTUNITIES 48 OPERATING PLAN Page 265 Areas Served in Target Region NextEra Energy OPERATING PLAN Page 265 Areas Served in Target Region NextEra Energy OPERATING PLAN Page 266 Areas Served in Target Region PSE&G OPERATING PLAN Page 266 Areas Served in Target Region PSE&G OPERATING PLAN Page 267 Areas Served in Target Region Atlantic City Electric OPERATING PLAN Page 267 Areas Served in Target Region Atlantic City Electric OPERATING PLAN Page 268 Areas Served in Target Region Duquesne Light Co. OPERATING PLAN Page 268 Areas Served in Target Region Duquesne Light Co. OPERATING PLAN Page 269 Areas Served in Target Region FirstEnergy OPERATING PLAN Page 269 Areas Served in Target Region FirstEnergy OPERATING PLAN Page 270 Areas Served in Target Region AvanGrid OPERATING PLAN Page 270 Areas Served in Target Region AvanGrid SAFETY AND ESG J.W. Didado’s safety program sets us apart from our competition. We believe that our investment in safety is paramount to the success of our employees and ultimately Quanta and the J.W. Didado operations. We have invested in and developed an in-house Civil Division by hiring a full- time Safety and Environmental Manager to handle environmental compliance and restoration. This helps to ensure better oversight on our projects and communication with the stakeholders. It has also helped in responding to the enhanced challenges and regulations required of certain state requirements specific to New York and the surrounding areas related to erosion control, water run-off and sediment control. SAFETY AND ESG J.W. Didado’s safety program sets us apart from our competition. We believe that our investment in safety is paramount to the success of our employees and ultimately Quanta and the J.W. Didado operations. We have invested in and developed an in-house Civil Division by hiring a full- time Safety and Environmental Manager to handle environmental compliance and restoration. This helps to ensure better oversight on our projects and communication with the stakeholders. It has also helped in responding to the enhanced challenges and regulations required of certain state requirements specific to New York and the surrounding areas related to erosion control, water run-off and sediment control. 2021 SAFETY RESULTS 0.93 0.00 0.27 0.95 2021 SAFETY RESULTS 0.93 0.00 0.27 0.95 ESG AT JWD ENVIRONMENTAL • SOCIAL • GOVERNANCE PEOPLE • PLANET • PRINCIPLES • JWD Competitive Edge Program • Installed New LED lighting in H.V. resourced two successful New Hires. Building (100 LED Lights) One is a Project Manager Assistant on the jobsite; the other is working • Exploring feasibility of electric vehi- with the line crews and will be at- cles for fleet for service divisions and tending the Lazy Q’s Accelerated management in 2022 Apprenticeship Line Workers Training program. • Exploring installation of EV charging Stations at JWD Headquarters and • Currently we have two entry level High Voltage Buildings in 2022 employees who are attending the Lazy Q’s Accelerated Apprenticeship • Executive Management members Line Workers Training program. are encouraged to serve and par- ticipate on at least one charitable • JWD Competitive Edge Program’s organization board or committee and network of non-profits and faith- encourage their Departments and/or based organizations gave diverse teams to participate communities’ greater access job opportunities • Initiated new recycling program at HV Building and Main office ESG AT JWD ENVIRONMENTAL • SOCIAL • GOVERNANCE PEOPLE • PLANET • PRINCIPLES • JWD Competitive Edge Program • Installed New LED lighting in H.V. resourced two successful New Hires. Building (100 LED Lights) One is a Project Manager Assistant on the jobsite; the other is working • Exploring feasibility of electric vehi- with the line crews and will be at- cles for fleet for service divisions and tending the Lazy Q’s Accelerated management in 2022 Apprenticeship Line Workers Training program. • Exploring installation of EV charging Stations at JWD Headquarters and • Currently we have two entry level High Voltage Buildings in 2022 employees who are attending the Lazy Q’s Accelerated Apprenticeship • Executive Management members Line Workers Training program. are encouraged to serve and par- ticipate on at least one charitable • JWD Competitive Edge Program’s organization board or committee and network of non-profits and faith- encourage their Departments and/or based organizations gave diverse teams to participate communities’ greater access job opportunities • Initiated new recycling program at HV Building and Main office OPERATING PLAN Page 273 We look forward to partnering with the local community and surrounding areas of Onondaga County and the State of New York. With your sup- port, we can provide opportunities to drive sales and impact additional employment for ourselves and local community partners. We are confident that we can meet the challenges ahead and stand ready to participate in delivering a growth solu- tion and revenue for J.W. Didado and our partners. Thank you for your consideration. Page 274 FLOOR PLAN LEGEND: OPERATING PLAN Page 273 We look forward to partnering with the local community and surrounding areas of Onondaga County and the State of New York. With your sup- port, we can provide opportunities to drive sales and impact additional employment for ourselves and local community partners. We are confident that we can meet the challenges ahead and stand ready to participate in delivering a growth solu- tion and revenue for J.W. Didado and our partners. Thank you for your consideration. Page 274 FLOOR PLAN LEGEND: 2 A B C D E F A-201 G H J K 159' - 4" ONE WEBSTERS LANDING SYRACUSE, NEW YORK 13202 34' - 0" 125' - 4" 315.471.5338 18' - 9" 15' - 3" 18' - 0" 18' - 0" 16' - 0" 18' - 0" 18' - 0" 16' - 0" 21' - 4" 2 A B C D E F A-201 G H J K 159' - 4" ONE WEBSTERS LANDING SYRACUSE, NEW YORK 13202 34' - 0" 125' - 4" 315.471.5338 18' - 9" 15' - 3" 18' - 0" 18' - 0" 16' - 0" 18' - 0" 18' - 0" 16' - 0" 21' - 4" 1 BREAK 13' - 0" CONFERENCE ROOM 2 OFFICE 1 BREAK 13' - 0" CONFERENCE ROOM 2 OFFICE OFFICE TOOL BOX OFFICE TOOL BOX OFFICE OFFICE STORAGE / WORKBENCH OFFICE STORAGE / WORKBENCH OFFICE STORAGE 50' - 0" OFFICE GENERAL FLOOR PLAN NOTES: NEW VEHICLE STORAGE 50' - 0" OFFICE GENERAL FLOOR PLAN NOTES: NEW VEHICLE 45' - 0" COVERED CANOPY 1) DIMENSIONS ARE TO FACE OF FRAMING/CMU UNLESS NOTED OTHERWISE. MAINTENANCE 2) RESILIENT CHANNEL INSTALLED TO STUDS ON SIDE OF WALL INDICATED BY WALL TAG. FACILITY 45' - 0" COVERED CANOPY 1) DIMENSIONS ARE TO FACE OF FRAMING/CMU UNLESS NOTED OTHERWISE. MAINTENANCE 2) RESILIENT CHANNEL INSTALLED TO STUDS ON SIDE OF WALL INDICATED BY WALL TAG. FACILITY 4' - 0" 16' - 0" 4' - 0" 16' - 0" PROJECT VOLT 8' - 0" RECEPTION 3 1 136' - 0" PROJECT VOLT 8' - 0" RECEPTION 3 1 136' - 0" A-200 1 4' - 0" 8' - 0" 4' - 0" A-201 OFFICE OFFICE A-200 1 4' - 0" 8' - 0" 4' - 0" A-201 OFFICE OFFICE TRAINING UP Morgan & Wetzel Road Clay, New York TRAINING UP Morgan & Wetzel Road Clay, New York STORAGE / WORKBENCH TEMPERATURE 60' - 0" STORAGE / WORKBENCH TEMPERATURE 60' - 0" CONTROLLED PPE STORAGE LOADING DOCK / MISC STORAGE FLOOR PLAN KEYNOTES: TOOL BOX JAN CONTROLLED PPE STORAGE LOADING DOCK / MISC STORAGE FLOOR PLAN KEYNOTES: TOOL BOX JAN 4 B 02.10.2022 REVISED BUILDING PLANS 13' - 0" 4 B 02.10.2022 REVISED BUILDING PLANS 13' - 0" A 01.19.2022 SITE PLAN APPROVAL MK DATE DESCRIPTION SHEET ISSUES A 01.19.2022 SITE PLAN APPROVAL MK DATE DESCRIPTION SHEET ISSUES 5 VIP PROJECT NO. 21-3710 FILE NAME 3710_ARCH_v2020.rte 2 DRAWN BY LD A-200 CHECKED BY MM 5 VIP PROJECT NO. 21-3710 FILE NAME 3710_ARCH_v2020.rte 2 DRAWN BY LD A-200 CHECKED BY MM © 2022 - VIP ARCHITECTURAL ASSOCIATES, PLLC ALL RIGHTS RESERVED This document and the design solutions contained herein represent proprietary information of VIP Architectural Associates, PLLC and may not be reproduced nor disclosed in whole or in part by any party receiving this document without prior written consent. ARCHITECTURE SHEET SHEET TITLE TITLE © 2022 - VIP ARCHITECTURAL ASSOCIATES, PLLC ALL RIGHTS RESERVED This document and the design solutions contained herein represent proprietary information of VIP Architectural Associates, PLLC and may not be reproduced nor disclosed in whole or in part by any party receiving this document without prior written consent. ARCHITECTURE SHEET SHEET TITLE TITLE FIRST FLOOR PLAN FIRST FLOOR PLAN 2/18/2022 8:33:19 AM SHEET NUMBER 2/18/2022 8:33:19 AM SHEET NUMBER 1 FIRST FLOOR PLAN 2 LEGEND & KEYNOTES A-101 3/32" = 1'-0" A-101 NO SCALE A-101 Page 275 1 FIRST FLOOR PLAN 2 LEGEND & KEYNOTES A-101 3/32" = 1'-0" A-101 NO SCALE A-101 Page 275 ONE WEBSTERS LANDING SYRACUSE, NEW YORK 13202 2 315.471.5338 A B C D E F A-201 G H J K 1 2 ONE WEBSTERS LANDING SYRACUSE, NEW YORK 13202 2 315.471.5338 A B C D E F A-201 G H J K 1 2 FUTURE OFFICES FUTURE OFFICES NEW VEHICLE MAINTENANCE FACILITY NEW VEHICLE MAINTENANCE FACILITY PROJECT VOLT 3 1 DN A-200 1 OPEN TO A-201 MAINTENANCE BAYS BELOW Morgan & Wetzel Road Clay, New York PROJECT VOLT 3 1 DN A-200 1 OPEN TO A-201 MAINTENANCE BAYS BELOW Morgan & Wetzel Road Clay, New York MEZZANINE MEZZANINE FUTURE OFFICES B 02.10.2022 REVISED BUILDING PLANS A 01.19.2022 SITE PLAN APPROVAL 4 MK DATE DESCRIPTION SHEET ISSUES FUTURE OFFICES B 02.10.2022 REVISED BUILDING PLANS A 01.19.2022 SITE PLAN APPROVAL 4 MK DATE DESCRIPTION SHEET ISSUES VIP PROJECT NO. 21-3710 FILE NAME 3710_ARCH_v2020.rte DRAWN BY Author 5 CHECKED BY MM VIP PROJECT NO. 21-3710 FILE NAME 3710_ARCH_v2020.rte DRAWN BY Author 5 CHECKED BY MM © 2022 - VIP ARCHITECTURAL ASSOCIATES, PLLC 2 ALL RIGHTS RESERVED A-200 This document and the design solutions contained herein represent proprietary information of VIP Architectural Associates, PLLC and may not be reproduced nor disclosed in whole or in part by any party receiving this document without prior written consent. ARCHITECTURE SHEET SHEET TITLE TITLE © 2022 - VIP ARCHITECTURAL ASSOCIATES, PLLC 2 ALL RIGHTS RESERVED A-200 This document and the design solutions contained herein represent proprietary information of VIP Architectural Associates, PLLC and may not be reproduced nor disclosed in whole or in part by any party receiving this document without prior written consent. ARCHITECTURE SHEET SHEET TITLE TITLE SECOND FLOOR PLAN 2/18/2022 8:33:19 AM SHEET NUMBER SECOND FLOOR PLAN 2/18/2022 8:33:19 AM SHEET NUMBER 1 SECOND FLOOR PLAN (AT OFFICE) A-102 3/32" = 1'-0" A-102 Page 276 1 SECOND FLOOR PLAN (AT OFFICE) A-102 3/32" = 1'-0" A-102 Page 276 ONE WEBSTERS LANDING SYRACUSE, NEW YORK 13202 5 4 3 2 1 315.471.5338 ONE WEBSTERS LANDING SYRACUSE, NEW YORK 13202 5 4 3 2 1 315.471.5338 MAINTENANCE ROOF 25' - 0" MAINTENANCE ROOF 25' - 0" METAL ROOF SYSTEM METAL ROOF SYSTEM INSULATED METAL PANEL INSULATED METAL PANEL MASONRY BASE MASONRY BASE FLOOR 01 0" INSULATED OVERHEAD DOOR NEW VEHICLE MAINTENANCE FACILITY FLOOR 01 0" INSULATED OVERHEAD DOOR NEW VEHICLE MAINTENANCE FACILITY PROJECT VOLT PROJECT VOLT 1 ELEVATION - SOUTH A-200 1/8" = 1'-0" Morgan & Wetzel Road Clay, New York A B C D E F G H J K METAL ROOF SYSTEM 1 ELEVATION - SOUTH A-200 1/8" = 1'-0" Morgan & Wetzel Road Clay, New York A B C D E F G H J K METAL ROOF SYSTEM INSULATED METAL PANEL INSULATED METAL PANEL MAINTENANCE ROOF 25' - 0" MAINTENANCE ROOF 25' - 0" INSULATED OVERHEAD DOOR B 02.10.2022 REVISED BUILDING PLANS A 01.19.2022 SITE PLAN APPROVAL FLOOR 02 MK DATE DESCRIPTION 12' - 0" SHEET ISSUES INSULATED DOOR AND HM FRAME VIP PROJECT NO. 21-3710 FILE NAME 3710_ARCH_v2020.rte MASONRY BASE DRAWN BY Author CHECKED BY MM INSULATED OVERHEAD DOOR B 02.10.2022 REVISED BUILDING PLANS A 01.19.2022 SITE PLAN APPROVAL FLOOR 02 MK DATE DESCRIPTION 12' - 0" SHEET ISSUES INSULATED DOOR AND HM FRAME VIP PROJECT NO. 21-3710 FILE NAME 3710_ARCH_v2020.rte MASONRY BASE DRAWN BY Author CHECKED BY MM FLOOR 01 © 2022 - VIP ARCHITECTURAL ASSOCIATES, PLLC ALL RIGHTS RESERVED 0" This document and the design solutions contained LOADING DOCK - COORDINATE WITH SITE DRAWINGS herein represent proprietary information of VIP Architectural Associates, PLLC and may not be reproduced nor disclosed in whole or in part by any party receiving this document without prior written consent. ARCHITECTURE SHEET SHEET TITLE TITLE FLOOR 01 © 2022 - VIP ARCHITECTURAL ASSOCIATES, PLLC ALL RIGHTS RESERVED 0" This document and the design solutions contained LOADING DOCK - COORDINATE WITH SITE DRAWINGS herein represent proprietary information of VIP Architectural Associates, PLLC and may not be reproduced nor disclosed in whole or in part by any party receiving this document without prior written consent. ARCHITECTURE SHEET SHEET TITLE TITLE EXTR ELEVS SOUTH & EAST 2/18/2022 8:33:20 AM SHEET NUMBER EXTR ELEVS SOUTH & EAST 2/18/2022 8:33:20 AM SHEET NUMBER 2 ELEVATION - EAST A-200 1/8" = 1'-0" A-200 Page 277 1 2 3 4 5 ONE WEBSTERS LANDING SYRACUSE, NEW YORK 13202 315.471.5338 2 ELEVATION - EAST A-200 1/8" = 1'-0" A-200 Page 277 1 2 3 4 5 ONE WEBSTERS LANDING SYRACUSE, NEW YORK 13202 315.471.5338 MAINTENANCE ROOF 25' - 0" MAINTENANCE ROOF 25' - 0" METAL ROOF SYSTEM METAL ROOF SYSTEM INSULATED METAL PANEL INSULATED METAL PANEL FLOOR 02 12' - 0" FLOOR 02 12' - 0" ALUMINUM STOREFRONT WITH INSULATED GLAZING ALUMINUM STOREFRONT WITH INSULATED GLAZING MASONRY BASE MASONRY BASE FLOOR 01 0" FLOOR 01 0" NEW VEHICLE MAINTENANCE FACILITY NEW VEHICLE MAINTENANCE FACILITY PROJECT VOLT PROJECT VOLT 1 ELEVATION - NORTH A-201 1/8" = 1'-0" Morgan & Wetzel Road Clay, New York 1 ELEVATION - NORTH A-201 1/8" = 1'-0" Morgan & Wetzel Road Clay, New York K J H G F E D C B A METAL ROOF SYSTEM MAINTENANCE ROOF INSULATED METAL PANEL 25' - 0" K J H G F E D C B A METAL ROOF SYSTEM MAINTENANCE ROOF INSULATED METAL PANEL 25' - 0" B 02.10.2022 REVISED BUILDING PLANS INSULATED OVERHEAD A 01.19.2022 SITE PLAN APPROVAL DOOR MK DATE DESCRIPTION FLOOR 02 SHEET ISSUES INSULATED DOOR AND 12' - 0" VIP PROJECT NO. 21-3710 HM FRAME FILE NAME 3710_ARCH_v2020.rte MASONRY BASE DRAWN BY Author CHECKED BY MM B 02.10.2022 REVISED BUILDING PLANS INSULATED OVERHEAD A 01.19.2022 SITE PLAN APPROVAL DOOR MK DATE DESCRIPTION FLOOR 02 SHEET ISSUES INSULATED DOOR AND 12' - 0" VIP PROJECT NO. 21-3710 HM FRAME FILE NAME 3710_ARCH_v2020.rte MASONRY BASE DRAWN BY Author CHECKED BY MM © 2022 - VIP ARCHITECTURAL ASSOCIATES, PLLC FLOOR 01 ALL RIGHTS RESERVED 0" This document and the design solutions contained herein represent proprietary information of VIP Architectural Associates, PLLC and may not be reproduced nor disclosed in whole or in part by any party receiving this document without prior written consent. ARCHITECTURE SHEET SHEET TITLE TITLE © 2022 - VIP ARCHITECTURAL ASSOCIATES, PLLC FLOOR 01 ALL RIGHTS RESERVED 0" This document and the design solutions contained herein represent proprietary information of VIP Architectural Associates, PLLC and may not be reproduced nor disclosed in whole or in part by any party receiving this document without prior written consent. ARCHITECTURE SHEET SHEET TITLE TITLE EXTR ELEVS NORTH & WEST 2/18/2022 8:33:22 AM SHEET NUMBER EXTR ELEVS NORTH & WEST 2/18/2022 8:33:22 AM SHEET NUMBER 2 ELEVATION - WEST A-201 1/8" = 1'-0" A-201 Page 278 2 ELEVATION - WEST A-201 1/8" = 1'-0" A-201 Page 278 ZONING DATA CHART ± ZONING DATA CHART ± ± ZBA-100' APPROVED ± ± ZBA-100' APPROVED ± ± ± ± ± PARKING DATA CHART PARKING DATA CHART KEPLINGER FREEMAN ASSOCIATES LANDSCAPE ARCHITECTURE & LAND PLANNING 6320 FLY ROAD, SUITE 109 EAST SYRACUSE, NEW YORK 13057 PHONE: (315) 445-7980 FAX: (315) 445-7981 KEPLINGER FREEMAN ASSOCIATES LANDSCAPE ARCHITECTURE & LAND PLANNING 6320 FLY ROAD, SUITE 109 EAST SYRACUSE, NEW YORK 13057 PHONE: (315) 445-7980 FAX: (315) 445-7981 RZ Engineering, PLLC STORMWATER SANITARY WATER ENVIRONMENTAL TRANSPORTATION RZ Engineering, PLLC STORMWATER SANITARY WATER ENVIRONMENTAL TRANSPORTATION 6320 FLY ROAD SUITE 109, EAST SYRACUSE, NY 13057 6320 FLY ROAD SUITE 109, EAST SYRACUSE, NY 13057 PHASE III PHASE II PHASE I (REQUIRES WETLAND PERMIT) 5309 405.62 BMS PHASE III PHASE II PHASE I (REQUIRES WETLAND PERMIT) 5309 405.62 BMS GUY POLE NG20-S VZ3S HYD GUY POLE NG20-S VZ3S HYD 12" Water 12" Water 400 395 ENTRY 2 405 405.31 400 395 ENTRY 2 405 405.31 394.53 400 WL WL WETZEL R O A D WL WL UP NG20 8" Steel 394.53 400 WL WL WETZEL R O A D WL WL UP NG20 8" Steel UP NG21 WL 8" Steel VZ3 UP NG21 WL 8" Steel VZ3 WL GM 403.08 405.38 WL GM 403.08 405.38 VZ2-5-1 VZ2-5-1 8" Steel UP NG27A\27 UP NG23 060 GMO 8" STEE 394.40 L UP NG25 VZ2 395.29 GV GV GV Traffic Cont rol Pole ELEC. BOX UP NG22 VZ2-5 VZ1-5 7' HT. CHAIN WETLANDS 8" Steel UP NG27A\27 UP NG23 060 GMO 8" STEE 394.40 L UP NG25 VZ2 395.29 GV GV GV Traffic Cont rol Pole ELEC. BOX UP NG22 VZ2-5 VZ1-5 7' HT. CHAIN WETLANDS 40 LINK FENCE JW Didado UP WL UP NG26 40 LINK FENCE JW Didado UP WL UP NG26 0 LI15 NG108 Z127 LI16 VZ1 W/UGE 0 LI15 NG108 Z127 LI16 VZ1 W/UGE 7' HT. CHAIN WL WL WL WL WL DRY SWALE 0 7' HT. CHAIN WL WL WL WL WL DRY SWALE 0 LINK FENCE 39 394.30 LINK FENCE 39 394.30 APPROVED 30' PARKING SETBACK Syracuse Division 0 G 39 APPROVED 30' PARKING SETBACK Syracuse Division 0 G 39 TSB 400 WL 5 39 TSB 400 WL 5 39 7' HT. CHAIN LINK FENCE 7' HT. CHAIN LINK FENCE SEPTIC PATIO 12" Gas SEPTIC PATIO 12" Gas APPROVED 100' FRONT YARD BUILDING SETBACK 7' HT. CHAIN UNDERGROUND FUTURE EXPANSION LINK FENCE STORMWATER CHAMBERS 58 ADDITIONAL SPACES 0 40 MORGAN R O A D APPROVED 100' FRONT YARD BUILDING SETBACK 7' HT. CHAIN UNDERGROUND FUTURE EXPANSION LINK FENCE STORMWATER CHAMBERS 58 ADDITIONAL SPACES 0 40 MORGAN R O A D ACK APPROVED 100' FRONT YARD BUILDING SETB ACK APPROVED 100' FRONT YARD BUILDING SETB WL 147 TRUCK / TRAILER 394.38 APPROVED 30' PARKING SETBACK WL 147 TRUCK / TRAILER 394.38 APPROVED 30' PARKING SETBACK PROPOSED BUILDING SPACES Morgan and Wetzel Rd. PROPOSED BUILDING SPACES Morgan and Wetzel Rd. WL 23,961 SF WL 23,961 SF WL Clay, NY 13088 UP NYT26.5/L I15/NG107 WL Clay, NY 13088 UP NYT26.5/L I15/NG107 FFE 400.50 21 7' HT. CHAIN LINK FENCE SPACES FFE 400.50 21 7' HT. CHAIN LINK FENCE SPACES 0 40 393.55 0 40 393.55 WL WASTE & R Y WL WASTE & R Y WL WL RECYCLING A 5 39 WL WL RECYCLING A 5 39 N G N G 25' SIDE YARD BUILDING SETBACK M I 395.13 395.15 25' SIDE YARD BUILDING SETBACK M I 395.13 395.15 INFILTRATION WETLANDS L I 15 SPACES E PR 7' HT. CHAIN BASIN INFILTRATION WETLANDS L I 15 SPACES E PR 7' HT. CHAIN BASIN WL LINK FENCE B 02.14.21 MUNICIPAL REVIEW A 01.19.22 MUNICIPAL REVIEW MK DATE DESCRIPTION 12" Water WL LINK FENCE B 02.14.21 MUNICIPAL REVIEW A 01.19.22 MUNICIPAL REVIEW MK DATE DESCRIPTION 12" Water VIP PROJECT NO. G VIP PROJECT NO. G 26 LONG TERM WL FILE NAME 41054 PARKING SPACES 26 LONG TERM WL FILE NAME 41054 PARKING SPACES WL WL 0 DRAWN BY NPL 40 WL ENTRY CHECKED BY SLF 1 395 L W © 2020 - VIP ARCHITECTURAL ASSOCIATES, PLLC ALL RIGHTS RESERVED This document and the design solutions contained herein represent proprietary information of VIP Architectural Associates, PLLC and may not be G WL WL 0 DRAWN BY NPL 40 WL ENTRY CHECKED BY SLF 1 395 L W © 2020 - VIP ARCHITECTURAL ASSOCIATES, PLLC ALL RIGHTS RESERVED This document and the design solutions contained herein represent proprietary information of VIP Architectural Associates, PLLC and may not be G L WL W L WL W 25' REAR YARD BUILDING SETBACK reproduced nor disclosed in whole or in part by any party 25' REAR YARD BUILDING SETBACK reproduced nor disclosed in whole or in part by any party WL WL receiving this document without prior written consent. W WL WL WETLANDS L WL WL WL MASTER PLAN WL WL 7' HT. CHAIN WL WL WL LINK FENCE WL WL WL IPF 5348 405.58 IPF WL WL receiving this document without prior written consent. W WL WL WETLANDS L WL WL WL MASTER PLAN WL WL 7' HT. CHAIN WL WL WL LINK FENCE WL WL WL IPF 5348 405.58 IPF 400 G 400 G 0 50 100 150 1 L-000 SCALE IN FEET N L-000 Page 279 0 50 100 150 1 L-000 SCALE IN FEET N L-000 Page 279 Full Environmental Assessment Form Part 1 - Project and Setting Instructions for Completing Part 1 Part 1 is to be completed by the applicant or project sponsor. Responses become part of the application for approval or funding, are subject to public review, and may be subject to further verification. Complete Part 1 based on information currently available. If additional research or investigation would be needed to fully respond to any item, please answer as thoroughly as possible based on current information; indicate whether missing information does not exist, or is not reasonably available to the sponsor; and, when possible, generally describe work or studies which would be necessary to update or fully develop that information. Applicants/sponsors must complete all items in Sections A & B. In Sections C, D & E, most items contain an initial question that must be answered either “Yes” or “No”. If the answer to the initial question is “Yes”, complete the sub-questions that follow. If the answer to the initial question is “No”, proceed to the next question. Section F allows the project sponsor to identify and attach any additional information. Section G requires the name and signature of the  project sponsor to verify that the information contained in Part 1is accurate and complete. Full Environmental Assessment Form Part 1 - Project and Setting Instructions for Completing Part 1 Part 1 is to be completed by the applicant or project sponsor. Responses become part of the application for approval or funding, are subject to public review, and may be subject to further verification. Complete Part 1 based on information currently available. If additional research or investigation would be needed to fully respond to any item, please answer as thoroughly as possible based on current information; indicate whether missing information does not exist, or is not reasonably available to the sponsor; and, when possible, generally describe work or studies which would be necessary to update or fully develop that information. Applicants/sponsors must complete all items in Sections A & B. In Sections C, D & E, most items contain an initial question that must be answered either “Yes” or “No”. If the answer to the initial question is “Yes”, complete the sub-questions that follow. If the answer to the initial question is “No”, proceed to the next question. Section F allows the project sponsor to identify and attach any additional information. Section G requires the name and signature of the  project sponsor to verify that the information contained in Part 1is accurate and complete. A. Project and  Sponsor Information. Name of Action or Project: JW Didado Syracuse Division Project Location (describe, and attach a general location map): Corner of Morgan and Wetzel Rd, Town of Clay, NY Brief Description of Proposed Action (include purpose or need): Construction of a new 24,000 s.f. commercial building. Site amenities include approximately 62 passenger vehicle parking spaces and approximately 205 truck/trailer parking spaces. NYSDEC compliant storm water management facilities will be constructed to treat storm water. Name of Applicant/Sponsor: Telephone: 315-471-5338 VIP Structures, Inc (Vince Raymond) E-Mail: vraymond@vipstructures.com Address: One Webster's Landing City/PO: Syracuse State: Zip Code: NY 13202 A. Project and  Sponsor Information. Name of Action or Project: JW Didado Syracuse Division Project Location (describe, and attach a general location map): Corner of Morgan and Wetzel Rd, Town of Clay, NY Brief Description of Proposed Action (include purpose or need): Construction of a new 24,000 s.f. commercial building. Site amenities include approximately 62 passenger vehicle parking spaces and approximately 205 truck/trailer parking spaces. NYSDEC compliant storm water management facilities will be constructed to treat storm water. Name of Applicant/Sponsor: Telephone: 315-471-5338 VIP Structures, Inc (Vince Raymond) E-Mail: vraymond@vipstructures.com Address: One Webster's Landing City/PO: Syracuse State: Zip Code: NY 13202 Project Contact (if not same as sponsor; give name and title/role): Telephone: 31-445-7980 Keplinger Freeman Associates (Scott Freeman) - Landscape Architect E-Mail: sf@keplingerfreeman.com Address: 6320 Fly Road (Suite 109) City/PO: State: Zip Code: East Syracuse NY 13057 Property Owner (if not same as sponsor): Telephone: Lamjak Realty Co Inc E-Mail: Address: 3550 Burnet Ave City/PO: State: Zip Code: East Syracuse NY 13057 Page 1 of 13 Page 280 Project Contact (if not same as sponsor; give name and title/role): Telephone: 31-445-7980 Keplinger Freeman Associates (Scott Freeman) - Landscape Architect E-Mail: sf@keplingerfreeman.com Address: 6320 Fly Road (Suite 109) City/PO: State: Zip Code: East Syracuse NY 13057 Property Owner (if not same as sponsor): Telephone: Lamjak Realty Co Inc E-Mail: Address: 3550 Burnet Ave City/PO: State: Zip Code: East Syracuse NY 13057 Page 1 of 13 Page 280 B. Government Approvals B. Government Approvals Funding, or Sponsorship. (“Funding” includes grants, loans, tax relief, and any other forms of financial assistance.) Government Entity If Yes: Identify Agency and Approval(s) Application Date Required (Actual or projected) a. City  Town   ,  Yes  No or Village Board of Trustees b. City, Town or Village  Yes  No Town of Clay Site Plan Approval 1-19-22 Planning Board or Commission c. City Town or  Yes  No Village Zoning Board of Appeals d. Other local agencies  Yes  No ✔ OCIDA 2-18-22 e. County agencies  Yes  No ✔ OCWA, OCHD TBD f. Regional agencies  Yes  No g. State agencies ✔  Yes  No NYS DEC SPEDEs Permit TBD h. Federal agencies  Yes  No i. Coastal Resources. i. Is the project site within a Coastal Area, or the waterfront area of a Designated Inland Waterway?  Yes ✔  No B. Government Approvals B. Government Approvals Funding, or Sponsorship. (“Funding” includes grants, loans, tax relief, and any other forms of financial assistance.) Government Entity If Yes: Identify Agency and Approval(s) Application Date Required (Actual or projected) a. City  Town   ,  Yes  No or Village Board of Trustees b. City, Town or Village  Yes  No Town of Clay Site Plan Approval 1-19-22 Planning Board or Commission c. City Town or  Yes  No Village Zoning Board of Appeals d. Other local agencies  Yes  No ✔ OCIDA 2-18-22 e. County agencies  Yes  No ✔ OCWA, OCHD TBD f. Regional agencies  Yes  No g. State agencies ✔  Yes  No NYS DEC SPEDEs Permit TBD h. Federal agencies  Yes  No i. Coastal Resources. i. Is the project site within a Coastal Area, or the waterfront area of a Designated Inland Waterway?  Yes ✔  No ii. Is the project site located in a community with an approved Local Waterfront Revitalization Program? ✔  Yes  No iii. Is the project site within a Coastal Erosion Hazard Area?  Yes ✔  No C. Planning and Zoning ii. Is the project site located in a community with an approved Local Waterfront Revitalization Program? ✔  Yes  No iii. Is the project site within a Coastal Erosion Hazard Area?  Yes ✔  No C. Planning and Zoning C.1. Planning and zoning actions. Will administrative or legislative adoption, or amendment of a plan, local law, ordinance, rule or regulation be the  Yes ✔  No only approval(s) which must be granted to enable the proposed action to proceed? x If Yes, complete sections C, F and G. x If No, proceed to question C.2 and complete all remaining sections and questions in Part 1 C.2. Adopted land use plans. a. Do any municipally- adopted (city, town, village or county) comprehensive land use plan(s) include the site  Yes ✔  No where the proposed action would be located? If Yes, does the comprehensive plan include specific recommendations for the site where the proposed action  Yes  No would be located? b. Is the site of the proposed action within any local or regional special planning district (for example: Greenway  Yes ✔  No Brownfield Opportunity Area (BOA); designated State or Federal heritage area; watershed management plan; or other?) If Yes, identify the plan(s): _______________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ C.1. Planning and zoning actions. Will administrative or legislative adoption, or amendment of a plan, local law, ordinance, rule or regulation be the  Yes ✔  No only approval(s) which must be granted to enable the proposed action to proceed? x If Yes, complete sections C, F and G. x If No, proceed to question C.2 and complete all remaining sections and questions in Part 1 C.2. Adopted land use plans. a. Do any municipally- adopted (city, town, village or county) comprehensive land use plan(s) include the site  Yes ✔  No where the proposed action would be located? If Yes, does the comprehensive plan include specific recommendations for the site where the proposed action  Yes  No would be located? b. Is the site of the proposed action within any local or regional special planning district (for example: Greenway  Yes ✔  No Brownfield Opportunity Area (BOA); designated State or Federal heritage area; watershed management plan; or other?) If Yes, identify the plan(s): _______________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ c. Is the proposed action located wholly or partially within an area listed in an adopted municipal open space plan,  Yes ✔  No or an adopted municipal farmland protection plan? If Yes, identify the plan(s): ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ Page 2 of 13 Page 281 C.3. Zoning a. Is the site of the proposed action located in a municipality with an adopted zoning law or ordinance.  Yes  No ✔ If Yes, what is the zoning classification(s) including any applicable overlay district? _________________________________________________________________________________________________________ Industrial _________________________________________________________________________________________________________ c. Is the proposed action located wholly or partially within an area listed in an adopted municipal open space plan,  Yes ✔  No or an adopted municipal farmland protection plan? If Yes, identify the plan(s): ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ Page 2 of 13 Page 281 C.3. Zoning a. Is the site of the proposed action located in a municipality with an adopted zoning law or ordinance.  Yes  No ✔ If Yes, what is the zoning classification(s) including any applicable overlay district? _________________________________________________________________________________________________________ Industrial _________________________________________________________________________________________________________ b. Is the use permitted or allowed by a special or conditional use permit? ✔  Yes  No c. Is a zoning change requested as part of the proposed action?  Yes ✔  No If Yes, i. What is the proposed new zoning for the site? ___________________________________________________________________ C.4. Existing community services. a. In what school district is the project site located? ________________________________________________________________ Liverpool CSD b. What police or other public protection forces serve the project site? _________________________________________________________________________________________________________ Onondaga County Sheriffs Department c. Which fire protection and emergency medical services serve the project site? __________________________________________________________________________________________________________ Moyer's Corners Fire Department b. Is the use permitted or allowed by a special or conditional use permit? ✔  Yes  No c. Is a zoning change requested as part of the proposed action?  Yes ✔  No If Yes, i. What is the proposed new zoning for the site? ___________________________________________________________________ C.4. Existing community services. a. In what school district is the project site located? ________________________________________________________________ Liverpool CSD b. What police or other public protection forces serve the project site? _________________________________________________________________________________________________________ Onondaga County Sheriffs Department c. Which fire protection and emergency medical services serve the project site? __________________________________________________________________________________________________________ Moyer's Corners Fire Department d. What parks serve the project site? __________________________________________________________________________________________________________ None __________________________________________________________________________________________________________ D. Project Details D.1. Proposed and Potential Development a. What is the general nature of the proposed action (e.g., residential, industrial, commercial, recreational; if mixed, include all components)? Industrial / Commercial _________________________________________________________________________________________________________ b. a. Total acreage of the site of the proposed action? _____________ 11.886+/- acres b. Total acreage to be physically disturbed? _____________ 8.5+/- acres c. Total acreage (project site and any contiguous properties) owned or controlled by the applicant or project sponsor? _____________ 11.886+/- acres d. What parks serve the project site? __________________________________________________________________________________________________________ None __________________________________________________________________________________________________________ D. Project Details D.1. Proposed and Potential Development a. What is the general nature of the proposed action (e.g., residential, industrial, commercial, recreational; if mixed, include all components)? Industrial / Commercial _________________________________________________________________________________________________________ b. a. Total acreage of the site of the proposed action? _____________ 11.886+/- acres b. Total acreage to be physically disturbed? _____________ 8.5+/- acres c. Total acreage (project site and any contiguous properties) owned or controlled by the applicant or project sponsor? _____________ 11.886+/- acres c. Is the proposed action an expansion of an existing project or use?  Yes ✔ No i. If Yes, what is the approximate percentage of the proposed expansion and identify the units (e.g., acres, miles, housing units, square feet)? % ____________________ Units: ____________________ d. Is the proposed action a subdivision, or does it include a subdivision? ✔ No  Yes  If Yes, i. Purpose or type of subdivision? (e.g., residential, industrial, commercial; if mixed, specify types) ________________________________________________________________________________________________________ ii. Is a cluster/conservation layout proposed?  Yes  No iii. Number of lots proposed? ________ iv. Minimum and maximum proposed lot sizes? Minimum __________ Maximum __________  Will  proposed action be constructed in multiple phases?  Yes  No ✔  If No, anticipated period of construction: _____ months  If Yes: x Total number of phases anticipated _____3 x Anticipated commencement date of phase 1 (including demolition) _____ 22 year 4 month _____ x Anticipated completion date of final phase TBD _____ month _____year x Generally describe connections or relationships among phases, including any contingencies where progress of one phase may determine timing or duration of future phases: _______________________________________________________________ ____________________________________________________________________________________________________ Phase III as identified on the site plan is dependent on wetland permitting and future parking needs. ____________________________________________________________________________________________________ c. Is the proposed action an expansion of an existing project or use?  Yes ✔ No i. If Yes, what is the approximate percentage of the proposed expansion and identify the units (e.g., acres, miles, housing units, square feet)? % ____________________ Units: ____________________ d. Is the proposed action a subdivision, or does it include a subdivision? ✔ No  Yes  If Yes, i. Purpose or type of subdivision? (e.g., residential, industrial, commercial; if mixed, specify types) ________________________________________________________________________________________________________ ii. Is a cluster/conservation layout proposed?  Yes  No iii. Number of lots proposed? ________ iv. Minimum and maximum proposed lot sizes? Minimum __________ Maximum __________  Will  proposed action be constructed in multiple phases?  Yes  No ✔  If No, anticipated period of construction: _____ months  If Yes: x Total number of phases anticipated _____3 x Anticipated commencement date of phase 1 (including demolition) _____ 22 year 4 month _____ x Anticipated completion date of final phase TBD _____ month _____year x Generally describe connections or relationships among phases, including any contingencies where progress of one phase may determine timing or duration of future phases: _______________________________________________________________ ____________________________________________________________________________________________________ Phase III as identified on the site plan is dependent on wetland permitting and future parking needs. ____________________________________________________________________________________________________ Page 3 of 13 Page 282 f. Does the project include new residential uses?  Yes ✔  No If Yes, show numbers of units proposed. One Family Two Family Three Family Multiple Family (four or more) Initial Phase ___________ ___________ ____________ ________________________ At completion of all phases ___________ ___________ ____________ ________________________ Page 3 of 13 Page 282 f. Does the project include new residential uses?  Yes ✔  No If Yes, show numbers of units proposed. One Family Two Family Three Family Multiple Family (four or more) Initial Phase ___________ ___________ ____________ ________________________ At completion of all phases ___________ ___________ ____________ ________________________ g. Does the proposed action include new non-residential construction (including expansions)?  Yes  No ✔ If Yes, i. Total number of structures ___________ 1 ii. Dimensions (in feet) of largest proposed structure: ________height; 25' ________width; 120 and _______ 180 length iii. Approximate extent of building space to be heated or cooled: ______________________ 21,000 square feet g. Does the proposed action include new non-residential construction (including expansions)?  Yes  No ✔ If Yes, i. Total number of structures ___________ 1 ii. Dimensions (in feet) of largest proposed structure: ________height; 25' ________width; 120 and _______ 180 length iii. Approximate extent of building space to be heated or cooled: ______________________ 21,000 square feet h. Does the proposed action include construction or other activities that will result in the impoundment of any  Yes ✔  No liquids, such as creation of a water supply, reservoir, pond, lake, waste lagoon or other storage? If Yes, i. Purpose of the impoundment: ________________________________________________________________________________ ii. If a water impoundment, the principal source of the water:  Ground water  Surface water streams  Other specify: _________________________________________________________________________________________________________ iii. If other than water, identify the type of impounded/contained liquids and their source. _________________________________________________________________________________________________________ iv. Approximate size of the proposed impoundment. Volume: ____________ million gallons; surface area: ____________ acres v. Dimensions of the proposed dam or impounding structure: ________ height; _______ length vi. Construction method/materials for the proposed dam or impounding structure (e.g., earth fill, rock, wood, concrete): ________________________________________________________________________________________________________ h. Does the proposed action include construction or other activities that will result in the impoundment of any  Yes ✔  No liquids, such as creation of a water supply, reservoir, pond, lake, waste lagoon or other storage? If Yes, i. Purpose of the impoundment: ________________________________________________________________________________ ii. If a water impoundment, the principal source of the water:  Ground water  Surface water streams  Other specify: _________________________________________________________________________________________________________ iii. If other than water, identify the type of impounded/contained liquids and their source. _________________________________________________________________________________________________________ iv. Approximate size of the proposed impoundment. Volume: ____________ million gallons; surface area: ____________ acres v. Dimensions of the proposed dam or impounding structure: ________ height; _______ length vi. Construction method/materials for the proposed dam or impounding structure (e.g., earth fill, rock, wood, concrete): ________________________________________________________________________________________________________ D.2. Project Operations a. Does the proposed action include any excavation, mining, or dredging, during construction, operations, or both?  Yes ✔  No (Not including general site preparation, grading or installation of utilities or foundations where all excavated materials will remain onsite) If Yes: i .What is the purpose of the excavation or dredging? _______________________________________________________________ ii. How much material (including rock, earth, sediments, etc.) is proposed to be removed from the site? x Volume (specify tons or cubic yards): ____________________________________________ x Over what duration of time? ____________________________________________________ iii. Describe nature and characteristics of materials to be excavated or dredged, and plans to use, manage or dispose of them. ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ iv. Will there be onsite dewatering or processing of excavated materials?  Yes ✔  No If yes, describe. ___________________________________________________________________________________________ ________________________________________________________________________________________________________ v. What is the total area to be dredged or excavated? _____________________________________acres vi. What is the maximum area to be worked at any one time? _______________________________ acres vii. What would be the maximum depth of excavation or dredging? __________________________ feet viii. Will the excavation require blasting?  Yes  No ix. Summarize site reclamation goals and plan: _____________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ D.2. Project Operations a. Does the proposed action include any excavation, mining, or dredging, during construction, operations, or both?  Yes ✔  No (Not including general site preparation, grading or installation of utilities or foundations where all excavated materials will remain onsite) If Yes: i .What is the purpose of the excavation or dredging? _______________________________________________________________ ii. How much material (including rock, earth, sediments, etc.) is proposed to be removed from the site? x Volume (specify tons or cubic yards): ____________________________________________ x Over what duration of time? ____________________________________________________ iii. Describe nature and characteristics of materials to be excavated or dredged, and plans to use, manage or dispose of them. ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ iv. Will there be onsite dewatering or processing of excavated materials?  Yes ✔  No If yes, describe. ___________________________________________________________________________________________ ________________________________________________________________________________________________________ v. What is the total area to be dredged or excavated? _____________________________________acres vi. What is the maximum area to be worked at any one time? _______________________________ acres vii. What would be the maximum depth of excavation or dredging? __________________________ feet viii. Will the excavation require blasting?  Yes  No ix. Summarize site reclamation goals and plan: _____________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ b. Would the proposed action cause or result in alteration of, increase or decrease in size of, or encroachment  Yes  No ✔ into any existing wetland, waterbody, shoreline, beach or adjacent area? If Yes: i. Identify the wetland or waterbody which would be affected (by name, water index number, wetland map number or geographic description): Freshwater ______________________________________________________________________________________________ Emergent Wetland _________________________________________________________________________________________________________ Page 4 of 13 Page 283 b. Would the proposed action cause or result in alteration of, increase or decrease in size of, or encroachment  Yes  No ✔ into any existing wetland, waterbody, shoreline, beach or adjacent area? If Yes: i. Identify the wetland or waterbody which would be affected (by name, water index number, wetland map number or geographic description): Freshwater ______________________________________________________________________________________________ Emergent Wetland _________________________________________________________________________________________________________ Page 4 of 13 Page 283 ii. Describe how the proposed action would affect that waterbody or wetland, e.g. excavation, fill, placement of structures, or alteration of channels, banks and shorelines. Indicate extent of activities, alterations and additions in square feet or acres: _________________________________________________________________________________________________________ Wetland disturbance encompases around .5 acres and will include excavation and filling. _________________________________________________________________________________________________________ _________________________________________________________________________________________________________ _________________________________________________________________________________________________________ iii. Will  proposed action cause or result in disturbance to bottom sediments? Yes ✔ No If Yes, describe: __________________________________________________________________________________________ iv. Will  proposed action cause or result in the destruction or removal of aquatic vegetation?  Yes ✔  No If Yes: x a  of   vegetation proposed to be removed ___________________________________________________________ x H[SHFWHG acreage of aquatic vegetation remaining after project completion________________________________________ x purpose of proposed removal (e.g. beach clearing, invasive species control, boat access): ____________________________ ____________________________________________________________________________________________________ x proposed method of plant removal: ________________________________________________________________________ x if chemical/herbicide treatment will be used, specify product(s): _________________________________________________ v. Describe any proposed reclamation/mitigation following disturbance: _________________________________________________ _________________________________________________________________________________________________________ None. Disturbed area will be paved. ii. Describe how the proposed action would affect that waterbody or wetland, e.g. excavation, fill, placement of structures, or alteration of channels, banks and shorelines. Indicate extent of activities, alterations and additions in square feet or acres: _________________________________________________________________________________________________________ Wetland disturbance encompases around .5 acres and will include excavation and filling. _________________________________________________________________________________________________________ _________________________________________________________________________________________________________ _________________________________________________________________________________________________________ iii. Will  proposed action cause or result in disturbance to bottom sediments? Yes ✔ No If Yes, describe: __________________________________________________________________________________________ iv. Will  proposed action cause or result in the destruction or removal of aquatic vegetation?  Yes ✔  No If Yes: x a  of   vegetation proposed to be removed ___________________________________________________________ x H[SHFWHG acreage of aquatic vegetation remaining after project completion________________________________________ x purpose of proposed removal (e.g. beach clearing, invasive species control, boat access): ____________________________ ____________________________________________________________________________________________________ x proposed method of plant removal: ________________________________________________________________________ x if chemical/herbicide treatment will be used, specify product(s): _________________________________________________ v. Describe any proposed reclamation/mitigation following disturbance: _________________________________________________ _________________________________________________________________________________________________________ None. Disturbed area will be paved. c. Will the proposed action use, or create a new demand for water? ✔ Yes  No If Yes: i. Total anticipated water usage/demand per day: __________________________ 1000 gallons/day ii. Will the proposed action obtain water from an existing public water supply? ✔ Yes  No If Yes: x Name of district or service area: CWR40 _________________________________________________________________________ - County Water x Does the existing public water supply have capacity to serve the proposal?  Yes  No ✔ x Is the project site in the existing district?  Yes  No ✔ x Is expansion of the district needed?  Yes ✔ No x Do existing lines serve the project site?  Yes  No ✔ iii. Will line extension within an existing district be necessary to supply the project?  Yes ✔ No If Yes: x Describe extensions or capacity expansions proposed to serve this project: ________________________________________ ____________________________________________________________________________________________________ x Source(s) of supply for the district: ________________________________________________________________________ iv. Is a new water supply district or service area proposed to be formed to serve the project site?  Yes ✔ No If, Yes: x Applicant/sponsor for new district: ________________________________________________________________________ x Date application submitted or anticipated: __________________________________________________________________ x Proposed source(s) of supply for new district: _______________________________________________________________ v. If a public water supply will not be used, describe plans to provide water supply for the project: ___________________________ _________________________________________________________________________________________________________ vi. If water supply will be from wells (public or private),    maximum pumping capacity: _______ gallons/minute. d. Will the proposed action generate liquid wastes? ✔ Yes  No If Yes: i. Total anticipated liquid waste generation per day: _______________ 330 gallons/day ii. Nature of liquid wastes to be generated (e.g., sanitary wastewater, industrial; if combination, describe all components and approximate volumes or proportions of each): __________________________________________________________________ _________________________________________________________________________________________________________ Sanitary wastewater _________________________________________________________________________________________________________ iii. Will the proposed action use any existing public wastewater treatment facilities?  Yes ✔  No If Yes: x Name of wastewater treatment plant to be used: _____________________________________________________________ x Name of district: ______________________________________________________________________________________ x Does the existing wastewater treatment plant have capacity to serve the project?  Yes  No x Is the project site in the existing district?  Yes  No x Is expansion of the district needed?  Yes  No c. Will the proposed action use, or create a new demand for water? ✔ Yes  No If Yes: i. Total anticipated water usage/demand per day: __________________________ 1000 gallons/day ii. Will the proposed action obtain water from an existing public water supply? ✔ Yes  No If Yes: x Name of district or service area: CWR40 _________________________________________________________________________ - County Water x Does the existing public water supply have capacity to serve the proposal?  Yes  No ✔ x Is the project site in the existing district?  Yes  No ✔ x Is expansion of the district needed?  Yes ✔ No x Do existing lines serve the project site?  Yes  No ✔ iii. Will line extension within an existing district be necessary to supply the project?  Yes ✔ No If Yes: x Describe extensions or capacity expansions proposed to serve this project: ________________________________________ ____________________________________________________________________________________________________ x Source(s) of supply for the district: ________________________________________________________________________ iv. Is a new water supply district or service area proposed to be formed to serve the project site?  Yes ✔ No If, Yes: x Applicant/sponsor for new district: ________________________________________________________________________ x Date application submitted or anticipated: __________________________________________________________________ x Proposed source(s) of supply for new district: _______________________________________________________________ v. If a public water supply will not be used, describe plans to provide water supply for the project: ___________________________ _________________________________________________________________________________________________________ vi. If water supply will be from wells (public or private),    maximum pumping capacity: _______ gallons/minute. d. Will the proposed action generate liquid wastes? ✔ Yes  No If Yes: i. Total anticipated liquid waste generation per day: _______________ 330 gallons/day ii. Nature of liquid wastes to be generated (e.g., sanitary wastewater, industrial; if combination, describe all components and approximate volumes or proportions of each): __________________________________________________________________ _________________________________________________________________________________________________________ Sanitary wastewater _________________________________________________________________________________________________________ iii. Will the proposed action use any existing public wastewater treatment facilities?  Yes ✔  No If Yes: x Name of wastewater treatment plant to be used: _____________________________________________________________ x Name of district: ______________________________________________________________________________________ x Does the existing wastewater treatment plant have capacity to serve the project?  Yes  No x Is the project site in the existing district?  Yes  No x Is expansion of the district needed?  Yes  No Page 5 of 13 Page 284 x Do existing sewer lines serve the project site?  Yes  No x Will  line extension within an existing district be necessary to serve the project?  Yes  No If Yes: x Describe extensions or capacity expansions proposed to serve this project: ____________________________________ ____________________________________________________________________________________________________ ____________________________________________________________________________________________________ iv. Will a new wastewater (sewage) treatment district be formed to serve the project site?  Yes ✔ No If Yes: x Applicant/sponsor for new district: ____________________________________________________________________ x Date application submitted or anticipated: _______________________________________________________________ x What is the receiving water for the wastewater discharge? __________________________________________________ v. If public facilities will not be used, describe plans to provide wastewater treatment for the project, including specifying proposed receiving water (name and classification if surface discharge or describe subsurface disposal plans): ________________________________________________________________________________________________________ On-site septic system is proposed with 1,000 gallon minimum holding tank. ________________________________________________________________________________________________________ vi. Describe any plans or designs to capture, recycle or reuse liquid waste: _______________________________________________ ________________________________________________________________________________________________________ On-site septic system is proposed with 1,000 gallon minimum holding tank. ________________________________________________________________________________________________________ Page 5 of 13 Page 284 x Do existing sewer lines serve the project site?  Yes  No x Will  line extension within an existing district be necessary to serve the project?  Yes  No If Yes: x Describe extensions or capacity expansions proposed to serve this project: ____________________________________ ____________________________________________________________________________________________________ ____________________________________________________________________________________________________ iv. Will a new wastewater (sewage) treatment district be formed to serve the project site?  Yes ✔ No If Yes: x Applicant/sponsor for new district: ____________________________________________________________________ x Date application submitted or anticipated: _______________________________________________________________ x What is the receiving water for the wastewater discharge? __________________________________________________ v. If public facilities will not be used, describe plans to provide wastewater treatment for the project, including specifying proposed receiving water (name and classification if surface discharge or describe subsurface disposal plans): ________________________________________________________________________________________________________ On-site septic system is proposed with 1,000 gallon minimum holding tank. ________________________________________________________________________________________________________ vi. Describe any plans or designs to capture, recycle or reuse liquid waste: _______________________________________________ ________________________________________________________________________________________________________ On-site septic system is proposed with 1,000 gallon minimum holding tank. ________________________________________________________________________________________________________ e. Will the proposed action disturb more than one acre and create stormwater runoff, either from new point  Yes  No ✔ sources (i.e. ditches, pipes, swales, curbs, gutters or other concentrated flows of stormwater) or non-point source (i.e. sheet flow) during construction or post construction? If Yes: i. How much impervious surface will the project create in relation to total size of project parcel? _____ Square feet or _____ 6.6+/- acres (impervious surface) _____ Square feet or _____ 11.88 acres (parcel size) ii. Describe types of new point sources. __________________________________________________________________________ pipe ends and swales _________________________________________________________________________________________________________ iii. Where will the stormwater runoff be directed (i.e. on-site stormwater management facility/structures, adjacent properties, groundwater, on-site surface water or off-site surface waters)? ________________________________________________________________________________________________________ Storm water will be directed to on-site storm water management facilities. ________________________________________________________________________________________________________ x If to surface waters, identify receiving water bodies or wetlands: ________________________________________________ ____________________________________________________________________________________________________ ____________________________________________________________________________________________________ x Will stormwater runoff flow to adjacent properties?  Yes ✔ No iv. Does  proposed plan minimize impervious surfaces, use pervious materials or collect and re-use stormwater? ✔  Yes  No f. Does the proposed action include, or will it use on-site, one or more sources of air emissions, including fuel  Yes ✔ No combustion, waste incineration, or other processes or operations? If Yes, identify: i. Mobile sources during project operations (e.g., heavy equipment, fleet or delivery vehicles) _________________________________________________________________________________________________________ ii. Stationary sources during construction (e.g., power generation, structural heating, batch plant, crushers) ________________________________________________________________________________________________________ iii. Stationary sources during operations (e.g., process emissions, large boilers, electric generation) ________________________________________________________________________________________________________ g. Will any air emission sources named in D.2.f (above), require a NY State Air Registration, Air Facility Permit,  Yes ✔  No or Federal Clean Air Act Title IV or Title V Permit? If Yes: i. Is the project site located in an Air quality non-attainment area? (Area routinely or periodically fails to meet  Yes  No ambient air quality standards for all or some parts of the year) ii. In addition to emissions as calculated in the application, the project will generate: x ___________Tons/year (   ) of Carbon Dioxide (CO2) x ___________Tons/year (   ) of Nitrous Oxide (N2) x ___________Tons/year (   ) of Perfluorocarbons (PFCs) x ___________Tons/year (   ) of Sulfur Hexafluoride (SF6) x ___________Tons/year (   ) of Carbon Dioxide equivalent of Hydroflo rocarbons (H ) x ___________Tons/year (   ) of Hazardous Air Pollutants (HAPs) e. Will the proposed action disturb more than one acre and create stormwater runoff, either from new point  Yes  No ✔ sources (i.e. ditches, pipes, swales, curbs, gutters or other concentrated flows of stormwater) or non-point source (i.e. sheet flow) during construction or post construction? If Yes: i. How much impervious surface will the project create in relation to total size of project parcel? _____ Square feet or _____ 6.6+/- acres (impervious surface) _____ Square feet or _____ 11.88 acres (parcel size) ii. Describe types of new point sources. __________________________________________________________________________ pipe ends and swales _________________________________________________________________________________________________________ iii. Where will the stormwater runoff be directed (i.e. on-site stormwater management facility/structures, adjacent properties, groundwater, on-site surface water or off-site surface waters)? ________________________________________________________________________________________________________ Storm water will be directed to on-site storm water management facilities. ________________________________________________________________________________________________________ x If to surface waters, identify receiving water bodies or wetlands: ________________________________________________ ____________________________________________________________________________________________________ ____________________________________________________________________________________________________ x Will stormwater runoff flow to adjacent properties?  Yes ✔ No iv. Does  proposed plan minimize impervious surfaces, use pervious materials or collect and re-use stormwater? ✔  Yes  No f. Does the proposed action include, or will it use on-site, one or more sources of air emissions, including fuel  Yes ✔ No combustion, waste incineration, or other processes or operations? If Yes, identify: i. Mobile sources during project operations (e.g., heavy equipment, fleet or delivery vehicles) _________________________________________________________________________________________________________ ii. Stationary sources during construction (e.g., power generation, structural heating, batch plant, crushers) ________________________________________________________________________________________________________ iii. Stationary sources during operations (e.g., process emissions, large boilers, electric generation) ________________________________________________________________________________________________________ g. Will any air emission sources named in D.2.f (above), require a NY State Air Registration, Air Facility Permit,  Yes ✔  No or Federal Clean Air Act Title IV or Title V Permit? If Yes: i. Is the project site located in an Air quality non-attainment area? (Area routinely or periodically fails to meet  Yes  No ambient air quality standards for all or some parts of the year) ii. In addition to emissions as calculated in the application, the project will generate: x ___________Tons/year (   ) of Carbon Dioxide (CO2) x ___________Tons/year (   ) of Nitrous Oxide (N2) x ___________Tons/year (   ) of Perfluorocarbons (PFCs) x ___________Tons/year (   ) of Sulfur Hexafluoride (SF6) x ___________Tons/year (   ) of Carbon Dioxide equivalent of Hydroflo rocarbons (H ) x ___________Tons/year (   ) of Hazardous Air Pollutants (HAPs) Page 6 of 13 Page 285 h. Will the proposed action generate or emit methane (including, but not limited to, sewage treatment plants,  Yes ✔ No landfills, composting facilities)? If Yes: i. Estimate methane generation in tons/year (metric): ________________________________________________________________ ii. Describe any methane capture, control or elimination measures included in project design (e.g., combustion to generate heat or electricity, flaring): ________________________________________________________________________________________ _________________________________________________________________________________________________________ i. Will the proposed action result in the release of air pollutants from open-air operations or processes, such as  Yes ✔  No quarry or landfill operations? If Yes: Describe operations and nature of emissions (e.g., diesel exhaust, rock particulates/dust): _________________________________________________________________________________________________________ _________________________________________________________________________________________________________ Page 6 of 13 Page 285 h. Will the proposed action generate or emit methane (including, but not limited to, sewage treatment plants,  Yes ✔ No landfills, composting facilities)? If Yes: i. Estimate methane generation in tons/year (metric): ________________________________________________________________ ii. Describe any methane capture, control or elimination measures included in project design (e.g., combustion to generate heat or electricity, flaring): ________________________________________________________________________________________ _________________________________________________________________________________________________________ i. Will the proposed action result in the release of air pollutants from open-air operations or processes, such as  Yes ✔  No quarry or landfill operations? If Yes: Describe operations and nature of emissions (e.g., diesel exhaust, rock particulates/dust): _________________________________________________________________________________________________________ _________________________________________________________________________________________________________ j. Will the proposed action result in a substantial increase in traffic above present levels or generate substantial  Yes ✔  No new demand for transportation facilities or services? If Yes: i. When is the peak traffic expected (Check all that apply): † Morning † Evening †Weekend † Randomly between hours of __________ to ________. ii. For commercial activities only, projected number of truck trips/day            ! """"""""""""" """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""  Parking spaces: Existing _____________"""""" 0 Proposed ___________ 220 220 Net increase/decrease _____________""""""""  #               $ ' ✔ * v. +0           0  0 8     0     8   9 """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" Creation of (2) new entry roads. One off Wetzel Rd and one off Morgan Rd. vi. Are public/private transportation service(s) or facilities available within ½ mile of the proposed site?  Yes  No ✔ vii Will the proposed action include access to public transportation or accommodations for use of hybrid, electric  Yes ✔  No or other alternative fueled vehicles? viii. Will the proposed action include plans for pedestrian or bicycle accommodations for connections to existing  No  Yes ✔ pedestrian or bicycle routes? j. Will the proposed action result in a substantial increase in traffic above present levels or generate substantial  Yes ✔  No new demand for transportation facilities or services? If Yes: i. When is the peak traffic expected (Check all that apply): † Morning † Evening †Weekend † Randomly between hours of __________ to ________. ii. For commercial activities only, projected number of truck trips/day            ! """"""""""""" """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""  Parking spaces: Existing _____________"""""" 0 Proposed ___________ 220 220 Net increase/decrease _____________""""""""  #               $ ' ✔ * v. +0           0  0 8     0     8   9 """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" Creation of (2) new entry roads. One off Wetzel Rd and one off Morgan Rd. vi. Are public/private transportation service(s) or facilities available within ½ mile of the proposed site?  Yes  No ✔ vii Will the proposed action include access to public transportation or accommodations for use of hybrid, electric  Yes ✔  No or other alternative fueled vehicles? viii. Will the proposed action include plans for pedestrian or bicycle accommodations for connections to existing  No  Yes ✔ pedestrian or bicycle routes? k. Will the proposed action (for commercial or industrial projects only) generate new or additional demand  Yes  No ✔ for energy? If Yes: i. Estimate annual electricity demand during operation of the proposed action: ____________________________________________ _________________________________________________________________________________________________________ TBD ii. Anticipated sources/suppliers of electricity for the project (e.g., on-site combustion, on-site renewable, via grid/local utility, or other): ________________________________________________________________________________________________________ National Grid iii. Will the proposed action require a new, or an upgrade to an existing substation?  Yes ✔  No k. Will the proposed action (for commercial or industrial projects only) generate new or additional demand  Yes  No ✔ for energy? If Yes: i. Estimate annual electricity demand during operation of the proposed action: ____________________________________________ _________________________________________________________________________________________________________ TBD ii. Anticipated sources/suppliers of electricity for the project (e.g., on-site combustion, on-site renewable, via grid/local utility, or other): ________________________________________________________________________________________________________ National Grid iii. Will the proposed action require a new, or an upgrade to an existing substation?  Yes ✔  No l. Hours of operation. Answer all items which apply. i. During Construction: ii. During Operations: x Monday - Friday: _________________________ 7:00 am - 5:00 pm x Monday - Friday: ____________________________ All hours of the day x Saturday: ________________________________ x Saturday: ___________________________________ x Sunday: _________________________________ x Sunday: ____________________________________ x Holidays: ________________________________ x Holidays: ___________________________________ Page 7 of 13 Page 286 l. Hours of operation. Answer all items which apply. i. During Construction: ii. During Operations: x Monday - Friday: _________________________ 7:00 am - 5:00 pm x Monday - Friday: ____________________________ All hours of the day x Saturday: ________________________________ x Saturday: ___________________________________ x Sunday: _________________________________ x Sunday: ____________________________________ x Holidays: ________________________________ x Holidays: ___________________________________ Page 7 of 13 Page 286 m. Will the proposed action produce noise that will exceed existing ambient noise levels during construction,  Yes ✔  No operation, or both? If yes: i. Provide details including sources, time of day and duration: _______________________________________________________________________________________________________ _______________________________________________________________________________________________________ ii. Will  proposed action remove existing natural barriers that could act as a noise barrier or screen?  Yes  No Describe: _________________________________________________________________________________________________ _________________________________________________________________________________________________________ n.Will the proposed action have outdoor lighting?  Yes  No ✔ If yes: i. Describe source(s), location(s), height of fixture(s), direction/aim, and proximity to nearest occupied structures: _________________________________________________________________________________________________________ Dark sky compliant pole and building mounted lighting directed away from adjacent roadways. Locations and heights TBD. _________________________________________________________________________________________________________ ii. Will proposed action remove existing natural barriers that could act as a light barrier or screen? ✔  Yes  No Describe: Existing _________________________________________________________________________________________________ vegetation will be removed for proposed construction. New trees will be planted to provide screening. _________________________________________________________________________________________________________ o. Does the proposed action have the potential to produce odors for more than one hour per day?  Yes ✔  No If Yes, describe possible sources, potential frequency and duration of odor emissions, and proximity to nearest occupied structures: ______________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ m. Will the proposed action produce noise that will exceed existing ambient noise levels during construction,  Yes ✔  No operation, or both? If yes: i. Provide details including sources, time of day and duration: _______________________________________________________________________________________________________ _______________________________________________________________________________________________________ ii. Will  proposed action remove existing natural barriers that could act as a noise barrier or screen?  Yes  No Describe: _________________________________________________________________________________________________ _________________________________________________________________________________________________________ n.Will the proposed action have outdoor lighting?  Yes  No ✔ If yes: i. Describe source(s), location(s), height of fixture(s), direction/aim, and proximity to nearest occupied structures: _________________________________________________________________________________________________________ Dark sky compliant pole and building mounted lighting directed away from adjacent roadways. Locations and heights TBD. _________________________________________________________________________________________________________ ii. Will proposed action remove existing natural barriers that could act as a light barrier or screen? ✔  Yes  No Describe: Existing _________________________________________________________________________________________________ vegetation will be removed for proposed construction. New trees will be planted to provide screening. _________________________________________________________________________________________________________ o. Does the proposed action have the potential to produce odors for more than one hour per day?  Yes ✔  No If Yes, describe possible sources, potential frequency and duration of odor emissions, and proximity to nearest occupied structures: ______________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ p. Will the proposed action include any bulk storage of petroleum ( 9  0 over 1,100 gallons)  Yes ✔  No or chemical products >@J    9 K             ? If Yes:  Product(s) to be stored ______________________________________________________________________________________  Volume(s) ______ per unit time ___________ (e.g., month, year)  Generally describe  proposed storage facilities________________________________________________________________ ________________________________________________________________________________________________________ q. Will the proposed action (commercial, industrial and recreational projects only) use pesticides (i.e., herbicides,  Yes ✔  No insecticides) during construction or operation? If Yes: i. Describe proposed treatment(s): ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ii. Will the proposed action use Integrated Pest Management Practices?  Yes  No r. Will the proposed action (commercial or industrial projects only) involve or require the management or disposal  Yes ✔  No of solid waste (excluding hazardous materials)? If Yes: i. Describe any solid waste(s) to be generated during construction or operation of the facility: x Construction: ____________________ tons per ________________ (unit of time) x Operation : ____________________ tons per ________________ (unit of time) ii. Describe any proposals for on-site minimization, recycling or reuse of materials to avoid disposal as solid waste: x Construction: ________________________________________________________________________________________ ____________________________________________________________________________________________________ x Operation: __________________________________________________________________________________________ ____________________________________________________________________________________________________ iii. Proposed disposal methods/facilities for solid waste generated on-site: x Construction: ________________________________________________________________________________________ ____________________________________________________________________________________________________ x Operation: __________________________________________________________________________________________ ____________________________________________________________________________________________________ p. Will the proposed action include any bulk storage of petroleum ( 9  0 over 1,100 gallons)  Yes ✔  No or chemical products >@J    9 K             ? If Yes:  Product(s) to be stored ______________________________________________________________________________________  Volume(s) ______ per unit time ___________ (e.g., month, year)  Generally describe  proposed storage facilities________________________________________________________________ ________________________________________________________________________________________________________ q. Will the proposed action (commercial, industrial and recreational projects only) use pesticides (i.e., herbicides,  Yes ✔  No insecticides) during construction or operation? If Yes: i. Describe proposed treatment(s): ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ii. Will the proposed action use Integrated Pest Management Practices?  Yes  No r. Will the proposed action (commercial or industrial projects only) involve or require the management or disposal  Yes ✔  No of solid waste (excluding hazardous materials)? If Yes: i. Describe any solid waste(s) to be generated during construction or operation of the facility: x Construction: ____________________ tons per ________________ (unit of time) x Operation : ____________________ tons per ________________ (unit of time) ii. Describe any proposals for on-site minimization, recycling or reuse of materials to avoid disposal as solid waste: x Construction: ________________________________________________________________________________________ ____________________________________________________________________________________________________ x Operation: __________________________________________________________________________________________ ____________________________________________________________________________________________________ iii. Proposed disposal methods/facilities for solid waste generated on-site: x Construction: ________________________________________________________________________________________ ____________________________________________________________________________________________________ x Operation: __________________________________________________________________________________________ ____________________________________________________________________________________________________ Page 8 of 13 Page 287 s. Does the proposed action include construction or modification of a solid waste management facility?  Yes ✔  No If Yes: i. Type of management or handling of waste proposed for the site (e.g., recycling or transfer station, composting, landfill, or other disposal activities): ___________________________________________________________________________________ ii. Anticipated rate of disposal/processing: x ________ Tons/month, if transfer or other non-combustion/thermal treatment, or x ________ Tons/hour, if combustion or thermal treatment iii. If landfill, anticipated site life: ________________________________ years t. Will  proposed action at the site involve the commercial generation, treatment, storage, or disposal of hazardous  Yes ✔  No waste? If Yes: i. Name(s) of all hazardous wastes or constituents to be generated, handled or managed at facility: ___________________________ _________________________________________________________________________________________________________ _________________________________________________________________________________________________________ ii. Generally describe processes or activities involving hazardous wastes or constituents: ___________________________________ _________________________________________________________________________________________________________ ________________________________________________________________________________________________________ iii. Specify amount to be handled or generated _____ tons/month iv. Describe any proposals for on-site minimization, recycling or reuse of hazardous constituents: ____________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ v. Will any hazardous wastes be disposed at an existing offsite hazardous waste facility?  Yes  No If Yes: provide name and location of facility: _______________________________________________________________________ ________________________________________________________________________________________________________ If No: describe proposed management of any hazardous wastes which will not be sent to a hazardous waste facility: ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ Page 8 of 13 Page 287 s. Does the proposed action include construction or modification of a solid waste management facility?  Yes ✔  No If Yes: i. Type of management or handling of waste proposed for the site (e.g., recycling or transfer station, composting, landfill, or other disposal activities): ___________________________________________________________________________________ ii. Anticipated rate of disposal/processing: x ________ Tons/month, if transfer or other non-combustion/thermal treatment, or x ________ Tons/hour, if combustion or thermal treatment iii. If landfill, anticipated site life: ________________________________ years t. Will  proposed action at the site involve the commercial generation, treatment, storage, or disposal of hazardous  Yes ✔  No waste? If Yes: i. Name(s) of all hazardous wastes or constituents to be generated, handled or managed at facility: ___________________________ _________________________________________________________________________________________________________ _________________________________________________________________________________________________________ ii. Generally describe processes or activities involving hazardous wastes or constituents: ___________________________________ _________________________________________________________________________________________________________ ________________________________________________________________________________________________________ iii. Specify amount to be handled or generated _____ tons/month iv. Describe any proposals for on-site minimization, recycling or reuse of hazardous constituents: ____________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ v. Will any hazardous wastes be disposed at an existing offsite hazardous waste facility?  Yes  No If Yes: provide name and location of facility: _______________________________________________________________________ ________________________________________________________________________________________________________ If No: describe proposed management of any hazardous wastes which will not be sent to a hazardous waste facility: ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ E. Site and Setting of Proposed Action E.1. Land uses on and surrounding the project site a. Existing land uses. i. Check all uses that occur on, adjoining and near the project site.  Urban ✔  Industrial ✔  Commercial ✔  Residential (suburban)  Rural (non-farm)  Forest  Agriculture  Aquatic ✔  Other (specify): ____________________________________ ii. If mix of uses, generally describe: __________________________________________________________________________________________________________ __________________________________________________________________________________________________________ b. Land uses and covertypes on the project site. Land use or Current Acreage After Change Covertype Acreage Project Completion (Acres +/-) x Roads, buildings, and other paved or impervious surfaces 0 6.6+/- 6.6+/- E. Site and Setting of Proposed Action E.1. Land uses on and surrounding the project site a. Existing land uses. i. Check all uses that occur on, adjoining and near the project site.  Urban ✔  Industrial ✔  Commercial ✔  Residential (suburban)  Rural (non-farm)  Forest  Agriculture  Aquatic ✔  Other (specify): ____________________________________ ii. If mix of uses, generally describe: __________________________________________________________________________________________________________ __________________________________________________________________________________________________________ b. Land uses and covertypes on the project site. Land use or Current Acreage After Change Covertype Acreage Project Completion (Acres +/-) x Roads, buildings, and other paved or impervious surfaces 0 6.6+/- 6.6+/- x Forested 8.98+/- 2.53+/- (within wetlands) 6.45+/- x Meadows, grasslands or brushlands (non- agricultural, including abandoned agricultural) x Agricultural (includes active orchards, field, greenhouse etc.) x Surface water features (lakes, ponds, streams, rivers, etc.) x Wetlands (freshwater or tidal) 2.9+/- 2.4+/- .5+/- x Non-vegetated (bare rock, earth or fill) x Other Describe: _______________________________ lawn 0 1.65+/- 1.65+/- ________________________________________ Page 9 of 13 Page 288 c. Is the project site presently used by members of the community for public recreation?  Yes  ✔ No x Forested 8.98+/- 2.53+/- (within wetlands) 6.45+/- x Meadows, grasslands or brushlands (non- agricultural, including abandoned agricultural) x Agricultural (includes active orchards, field, greenhouse etc.) x Surface water features (lakes, ponds, streams, rivers, etc.) x Wetlands (freshwater or tidal) 2.9+/- 2.4+/- .5+/- x Non-vegetated (bare rock, earth or fill) x Other Describe: _______________________________ lawn 0 1.65+/- 1.65+/- ________________________________________ Page 9 of 13 Page 288 c. Is the project site presently used by members of the community for public recreation?  Yes  ✔ No i. If Yes: explain: __________________________________________________________________________________________ d. Are there any facilities serving children, the elderly, people with disabilities (e.g., schools, hospitals, licensed  Yes  No ✔ day care centers, or group homes) within 1500 feet of the project site? If Yes, i. Identify Facilities: ________________________________________________________________________________________________________ Liverpool High School ________________________________________________________________________________________________________ e. Does the project site contain an existing dam?  Yes ✔  No If Yes: i. Dimensions of the dam and impoundment: x Dam height: _________________________________ feet x Dam length: _________________________________ feet x Surface area: _________________________________ acres x Volume impounded: _______________________________ gallons OR acre-feet ii. Dam=s existing hazard classification: _________________________________________________________________________ iii. Provide date and summarize results of last inspection: _______________________________________________________________________________________________________ _______________________________________________________________________________________________________ f. Has the project site ever been used as a municipal, commercial or industrial solid waste management facility,  Yes ✔  No or does the project site adjoin property which is now, or was at one time, used as a solid waste management facility? If Yes: i. Has the facility been formally closed?  Yes  No x If yes, cite sources/documentation: _______________________________________________________________________ ii. Describe the location of the project site relative to the boundaries of the solid waste management facility: _______________________________________________________________________________________________________ _______________________________________________________________________________________________________ iii. Describe any development constraints due to the prior solid waste activities: __________________________________________ _______________________________________________________________________________________________________ g. Have hazardous wastes been generated, treated and/or disposed of at the site, or does the project site adjoin  Yes ✔  No property which is now or was at one time used to commercially treat, store and/or dispose of hazardous waste? If Yes: i. Describe waste(s) handled and waste management activities, including approximate time when activities occurred: _______________________________________________________________________________________________________ _______________________________________________________________________________________________________ h. Potential contamination history. Has there been a reported spill at the proposed project site, or have any  Yes ✔  No remedial actions been conducted at or adjacent to the proposed site? If Yes: i. Is any portion of the site listed on the NYSDEC Spills Incidents database or Environmental Site  Yes  No Remediation database? Check all that apply:  Yes – Spills Incidents database Provide DEC ID number(s): ________________________________  Yes – Environmental Site Remediation database Provide DEC ID number(s): ________________________________  Neither database ii. If site has been subject of RCRA corrective activities, describe control measures:_______________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ iii. Is the project within 2000 feet of any site in the NYSDEC Environmental Site Remediation database?  Yes ✔  No If yes, provide DEC ID number(s): ______________________________________________________________________________ iv. If yes to (i), (ii) or (iii) above, describe current status of site(s): _______________________________________________________________________________________________________ _______________________________________________________________________________________________________ i. If Yes: explain: __________________________________________________________________________________________ d. Are there any facilities serving children, the elderly, people with disabilities (e.g., schools, hospitals, licensed  Yes  No ✔ day care centers, or group homes) within 1500 feet of the project site? If Yes, i. Identify Facilities: ________________________________________________________________________________________________________ Liverpool High School ________________________________________________________________________________________________________ e. Does the project site contain an existing dam?  Yes ✔  No If Yes: i. Dimensions of the dam and impoundment: x Dam height: _________________________________ feet x Dam length: _________________________________ feet x Surface area: _________________________________ acres x Volume impounded: _______________________________ gallons OR acre-feet ii. Dam=s existing hazard classification: _________________________________________________________________________ iii. Provide date and summarize results of last inspection: _______________________________________________________________________________________________________ _______________________________________________________________________________________________________ f. Has the project site ever been used as a municipal, commercial or industrial solid waste management facility,  Yes ✔  No or does the project site adjoin property which is now, or was at one time, used as a solid waste management facility? If Yes: i. Has the facility been formally closed?  Yes  No x If yes, cite sources/documentation: _______________________________________________________________________ ii. Describe the location of the project site relative to the boundaries of the solid waste management facility: _______________________________________________________________________________________________________ _______________________________________________________________________________________________________ iii. Describe any development constraints due to the prior solid waste activities: __________________________________________ _______________________________________________________________________________________________________ g. Have hazardous wastes been generated, treated and/or disposed of at the site, or does the project site adjoin  Yes ✔  No property which is now or was at one time used to commercially treat, store and/or dispose of hazardous waste? If Yes: i. Describe waste(s) handled and waste management activities, including approximate time when activities occurred: _______________________________________________________________________________________________________ _______________________________________________________________________________________________________ h. Potential contamination history. Has there been a reported spill at the proposed project site, or have any  Yes ✔  No remedial actions been conducted at or adjacent to the proposed site? If Yes: i. Is any portion of the site listed on the NYSDEC Spills Incidents database or Environmental Site  Yes  No Remediation database? Check all that apply:  Yes – Spills Incidents database Provide DEC ID number(s): ________________________________  Yes – Environmental Site Remediation database Provide DEC ID number(s): ________________________________  Neither database ii. If site has been subject of RCRA corrective activities, describe control measures:_______________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ iii. Is the project within 2000 feet of any site in the NYSDEC Environmental Site Remediation database?  Yes ✔  No If yes, provide DEC ID number(s): ______________________________________________________________________________ iv. If yes to (i), (ii) or (iii) above, describe current status of site(s): _______________________________________________________________________________________________________ _______________________________________________________________________________________________________ Page 10 of 13 Page 289 v. Is the project site subject to an institutional control limiting property uses?  Yes ✔  No x If yes, DEC site ID number: ____________________________________________________________________________ x Describe the type of institutional control (e.g., deed restriction or easement): ____________________________________ x Describe any use limitations: ___________________________________________________________________________ x Describe any engineering controls: _______________________________________________________________________ x Will the project affect the institutional or engineering controls in place?  Yes  No x Explain: ____________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ E.2. Natural Resources On or Near Project Site a. What is the average depth to bedrock on the project site? ________________ >6 feet Page 10 of 13 Page 289 v. Is the project site subject to an institutional control limiting property uses?  Yes ✔  No x If yes, DEC site ID number: ____________________________________________________________________________ x Describe the type of institutional control (e.g., deed restriction or easement): ____________________________________ x Describe any use limitations: ___________________________________________________________________________ x Describe any engineering controls: _______________________________________________________________________ x Will the project affect the institutional or engineering controls in place?  Yes  No x Explain: ____________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ E.2. Natural Resources On or Near Project Site a. What is the average depth to bedrock on the project site? ________________ >6 feet b. Are there bedrock outcroppings on the project site?  Yes ✔  No If Yes, what proportion of the site is comprised of bedrock outcroppings? __________________% c. Predominant soil type(s) present on project site: Colonie loamy fine sand ___________________________ 37 __________% Lockport & brockport silty clay loam ___________________________ 15 __________% ____________________________ Minoa fine sandy loam 40 __________% d. What is the average depth to the water table on the project site? Average: _________ 3 feet b. Are there bedrock outcroppings on the project site?  Yes ✔  No If Yes, what proportion of the site is comprised of bedrock outcroppings? __________________% c. Predominant soil type(s) present on project site: Colonie loamy fine sand ___________________________ 37 __________% Lockport & brockport silty clay loam ___________________________ 15 __________% ____________________________ Minoa fine sandy loam 40 __________% d. What is the average depth to the water table on the project site? Average: _________ 3 feet e. Drainage status of project site soils:  Well Drained: _____% 37 of ite  Moderately Well Drained: _____% 8 of site  Poorly Drained _____% 55 of ite  0-10%: f. Approximate proportion of proposed action site with slopes: ✔ _____% 100 of site  10-15%: _____% of site  15% or greater: _____% of site g. Are there any unique geologic features on the project site?  Yes ✔  No If Yes, describe: _____________________________________________________________________________________________ ________________________________________________________________________________________________________ h. Surface water features. i. Does any portion of the project site contain wetlands or other waterbodies (including streams, rivers, ✔  Yes  No ponds or lakes)? ii. Do any wetlands or other waterbodies adjoin the project site?  Yes  No ✔ If Yes to either i or ii, continue. If No, skip to E.2.i. iii. Are any of the wetlands or waterbodies within or adjoining the project site regulated by any federal, ✔  Yes  No state or local agency? iv. For each identified   wetland and waterbody on the project site, provide the following information x Streams: 899-10 Name ____________________________________________ C Classification _______________________ [ Lakes or Ponds: Name ____________________________________________ Classification _______________________ t Wetlands: Federal Waters, Federal Waters, Federal Waters,... Name ____________________________________________ Approximate Size ___________________ [ Wetland No. (if regulated by DEC) _____________________________ v. Are any of the above water bodies listed in the most recent compilation of NYS water quality-impaired ✔ No  Yes  waterbodies? If yes, name of impaired water body/bodies and basis for listing as impaired: _____________________________________________ ___________________________________________________________________________________________________________ i. Is the project site in a designated Floodway?  Yes ✔  No j. Is the project site in the 100\year Floodplain?  Yes ✔  No k. Is the project site in the 500\year Floodplain?  Yes ✔  No l. Is the project site located over, or immediately adjoining, a primary, principal or sole source aquifer? ✔  Yes  No If Yes: i. Name of aquifer: Principal Aquifer, Primary Aquifer _________________________________________________________________________________________ e. Drainage status of project site soils:  Well Drained: _____% 37 of ite  Moderately Well Drained: _____% 8 of site  Poorly Drained _____% 55 of ite  0-10%: f. Approximate proportion of proposed action site with slopes: ✔ _____% 100 of site  10-15%: _____% of site  15% or greater: _____% of site g. Are there any unique geologic features on the project site?  Yes ✔  No If Yes, describe: _____________________________________________________________________________________________ ________________________________________________________________________________________________________ h. Surface water features. i. Does any portion of the project site contain wetlands or other waterbodies (including streams, rivers, ✔  Yes  No ponds or lakes)? ii. Do any wetlands or other waterbodies adjoin the project site?  Yes  No ✔ If Yes to either i or ii, continue. If No, skip to E.2.i. iii. Are any of the wetlands or waterbodies within or adjoining the project site regulated by any federal, ✔  Yes  No state or local agency? iv. For each identified   wetland and waterbody on the project site, provide the following information x Streams: 899-10 Name ____________________________________________ C Classification _______________________ [ Lakes or Ponds: Name ____________________________________________ Classification _______________________ t Wetlands: Federal Waters, Federal Waters, Federal Waters,... Name ____________________________________________ Approximate Size ___________________ [ Wetland No. (if regulated by DEC) _____________________________ v. Are any of the above water bodies listed in the most recent compilation of NYS water quality-impaired ✔ No  Yes  waterbodies? If yes, name of impaired water body/bodies and basis for listing as impaired: _____________________________________________ ___________________________________________________________________________________________________________ i. Is the project site in a designated Floodway?  Yes ✔  No j. Is the project site in the 100\year Floodplain?  Yes ✔  No k. Is the project site in the 500\year Floodplain?  Yes ✔  No l. Is the project site located over, or immediately adjoining, a primary, principal or sole source aquifer? ✔  Yes  No If Yes: i. Name of aquifer: Principal Aquifer, Primary Aquifer _________________________________________________________________________________________ Page 11 of 13 Page 290 m. Identify the predominant wildlife species that occupy or use the project site: ______________________________ insects, birds, mammals ______________________________ _______________________________ ______________________________ ______________________________ _______________________________ ______________________________ n. Does the project site contain a designated significant natural community?  Yes ✔  No If Yes: i. Describe the habitat/community (composition, function, and basis for designation): _____________________________________ ________________________________________________________________________________________________________ ii. Source(s) of description or evaluation: ________________________________________________________________________ iii. Extent of community/habitat: x Currently: ______________________ acres x Following completion of project as proposed: _____________________ acres x Gain or loss (indicate + or -): ______________________ acres Page 11 of 13 Page 290 m. Identify the predominant wildlife species that occupy or use the project site: ______________________________ insects, birds, mammals ______________________________ _______________________________ ______________________________ ______________________________ _______________________________ ______________________________ n. Does the project site contain a designated significant natural community?  Yes ✔  No If Yes: i. Describe the habitat/community (composition, function, and basis for designation): _____________________________________ ________________________________________________________________________________________________________ ii. Source(s) of description or evaluation: ________________________________________________________________________ iii. Extent of community/habitat: x Currently: ______________________ acres x Following completion of project as proposed: _____________________ acres x Gain or loss (indicate + or -): ______________________ acres o. Does project site contain any species of plant or animal that is listed by the federal government or NYS as ✔ Yes  No endangered or threatened, or does it contain any areas identified as habitat for an endangered or threatened species? +0 '  ]      !"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" Indiana Bat """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" p. Does the project site contain any species of plant or animal that is listed by NYS as rare, or as a species of  Yes ✔  No special concern? +0 '  ]  """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" o. Does project site contain any species of plant or animal that is listed by the federal government or NYS as ✔ Yes  No endangered or threatened, or does it contain any areas identified as habitat for an endangered or threatened species? +0 '  ]      !"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" Indiana Bat """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" p. Does the project site contain any species of plant or animal that is listed by NYS as rare, or as a species of  Yes ✔  No special concern? +0 '  ]  """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" q. Is the project site or adjoining area currently used for hunting, trapping, fishing or shell fishing?  Yes  No If yes, give a brief description of how the proposed action may affect that use: ___________________________________________ ________________________________________________________________________________________________________ E.3. Designated Public Resources On or Near Project Site a. Is the project site, or any portion of it, located in a designated agricultural district certified pursuant to  Yes ✔  No Agriculture and Markets Law, Article 25-AA, Section 303 and 304? If Yes, provide county plus district name/number: _________________________________________________________________ b. Are agricultural lands consisting of highly productive soils present?  Yes ✔  No i. If Yes: acreage(s) on project site? ___________________________________________________________________________ ii. Source(s) of soil rating(s): _________________________________________________________________________________ c. Does the project site contain all or part of, or is it substantially contiguous to, a registered National  Yes ✔  No Natural Landmark? If Yes: i. Nature of the natural landmark:  Biological Community  Geological Feature ii. Provide brief description of landmark, including values behind designation and approximate size/extent: ___________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ q. Is the project site or adjoining area currently used for hunting, trapping, fishing or shell fishing?  Yes  No If yes, give a brief description of how the proposed action may affect that use: ___________________________________________ ________________________________________________________________________________________________________ E.3. Designated Public Resources On or Near Project Site a. Is the project site, or any portion of it, located in a designated agricultural district certified pursuant to  Yes ✔  No Agriculture and Markets Law, Article 25-AA, Section 303 and 304? If Yes, provide county plus district name/number: _________________________________________________________________ b. Are agricultural lands consisting of highly productive soils present?  Yes ✔  No i. If Yes: acreage(s) on project site? ___________________________________________________________________________ ii. Source(s) of soil rating(s): _________________________________________________________________________________ c. Does the project site contain all or part of, or is it substantially contiguous to, a registered National  Yes ✔  No Natural Landmark? If Yes: i. Nature of the natural landmark:  Biological Community  Geological Feature ii. Provide brief description of landmark, including values behind designation and approximate size/extent: ___________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ d. Is the project site located in or does it adjoin a state listed Critical Environmental Area?  Yes ✔  No If Yes: i. CEA name: _____________________________________________________________________________________________ ii. Basis for designation: _____________________________________________________________________________________ iii. Designating agency and date: ______________________________________________________________________________ Page 12 of 13 Page 291 Page 292 EAF Mapper Summary Report Monday, January 17, 2022 10:07 AM d. Is the project site located in or does it adjoin a state listed Critical Environmental Area?  Yes ✔  No If Yes: i. CEA name: _____________________________________________________________________________________________ ii. Basis for designation: _____________________________________________________________________________________ iii. Designating agency and date: ______________________________________________________________________________ Page 12 of 13 Page 291 Page 292 EAF Mapper Summary Report Monday, January 17, 2022 10:07 AM Disclaimer: The EAF Mapper is a screening tool intended to assist project sponsors and reviewing agencies in preparing an environmental assessment form (EAF). Not all questions asked in the EAF are answered by the EAF Mapper. Additional information on any EAF question can be obtained by consulting the EAF Workbooks. Although the EAF Mapper provides the most up-to-date digital data available to DEC, you may also need to contact local or other data sources in order to obtain data not provided by the Mapper. Digital data is not a substitute for agency determinations. Disclaimer: The EAF Mapper is a screening tool intended to assist project sponsors and reviewing agencies in preparing an environmental assessment form (EAF). Not all questions asked in the EAF are answered by the EAF Mapper. Additional information on any EAF question can be obtained by consulting the EAF Workbooks. Although the EAF Mapper provides the most up-to-date digital data available to DEC, you may also need to contact local or other data sources in order to obtain data not provided by the Mapper. Digital data is not a substitute for agency determinations. B.i.i [Coastal or Waterfront Area] No B.i.ii [Local Waterfront Revitalization Area] Yes C.2.b. [Special Planning District] Digital mapping data are not available or are incomplete. Refer to EAF Workbook. E.1.h [DEC Spills or Remediation Site - Digital mapping data are not available or are incomplete. Refer to EAF Potential Contamination History] Workbook. E.1.h.i [DEC Spills or Remediation Site - Digital mapping data are not available or are incomplete. Refer to EAF Listed] Workbook. E.1.h.i [DEC Spills or Remediation Site - Digital mapping data are not available or are incomplete. Refer to EAF Environmental Site Remediation Database] Workbook. E.1.h.iii [Within 2,000' of DEC Remediation No Site] E.2.g [Unique Geologic Features] No E.2.h.i [Surface Water Features] Yes E.2.h.ii [Surface Water Features] Yes E.2.h.iii [Surface Water Features] Yes - Digital mapping information on local and federal wetlands and waterbodies is known to be incomplete. Refer to EAF Workbook. E.2.h.iv [Surface Water Features - Stream 899-10 Name] E.2.h.iv [Surface Water Features - Stream C Classification] E.2.h.iv [Surface Water Features - Wetlands Federal Waters Name] E.2.h.v [Impaired Water Bodies] No E.2.i. [Floodway] No E.2.j. [100 Year Floodplain] No E.2.k. [500 Year Floodplain] No B.i.i [Coastal or Waterfront Area] No B.i.ii [Local Waterfront Revitalization Area] Yes C.2.b. [Special Planning District] Digital mapping data are not available or are incomplete. Refer to EAF Workbook. E.1.h [DEC Spills or Remediation Site - Digital mapping data are not available or are incomplete. Refer to EAF Potential Contamination History] Workbook. E.1.h.i [DEC Spills or Remediation Site - Digital mapping data are not available or are incomplete. Refer to EAF Listed] Workbook. E.1.h.i [DEC Spills or Remediation Site - Digital mapping data are not available or are incomplete. Refer to EAF Environmental Site Remediation Database] Workbook. E.1.h.iii [Within 2,000' of DEC Remediation No Site] E.2.g [Unique Geologic Features] No E.2.h.i [Surface Water Features] Yes E.2.h.ii [Surface Water Features] Yes E.2.h.iii [Surface Water Features] Yes - Digital mapping information on local and federal wetlands and waterbodies is known to be incomplete. Refer to EAF Workbook. E.2.h.iv [Surface Water Features - Stream 899-10 Name] E.2.h.iv [Surface Water Features - Stream C Classification] E.2.h.iv [Surface Water Features - Wetlands Federal Waters Name] E.2.h.v [Impaired Water Bodies] No E.2.i. [Floodway] No E.2.j. [100 Year Floodplain] No E.2.k. [500 Year Floodplain] No Full Environmental Page 293 Assessment Form - EAF Mapper Summary Report 1 E.2.l. [Aquifers] Yes E.2.l. [Aquifer Names] Principal Aquifer, Primary Aquifer E.2.n. [Natural Communities] No E.2.o. [Endangered or Threatened Species] Yes E.2.o. [Endangered or Threatened Species - Indiana Bat Name] E.2.p. [Rare Plants or Animals] No E.3.a. [Agricultural District] No E.3.c. [National Natural Landmark] No E.3.d [Critical Environmental Area] No E.3.e. [National or State Register of Historic Digital mapping data are not available or are incomplete. Refer to EAF Places or State Eligible Sites] Workbook. E.3.f. [Archeological Sites] No E.3.i. [Designated River Corridor] No Full Environmental Page 294 Assessment Form - EAF Mapper Summary Report 2 Full Environmental Page 293 Assessment Form - EAF Mapper Summary Report 1 E.2.l. [Aquifers] Yes E.2.l. [Aquifer Names] Principal Aquifer, Primary Aquifer E.2.n. [Natural Communities] No E.2.o. [Endangered or Threatened Species] Yes E.2.o. [Endangered or Threatened Species - Indiana Bat Name] E.2.p. [Rare Plants or Animals] No E.3.a. [Agricultural District] No E.3.c. [National Natural Landmark] No E.3.d [Critical Environmental Area] No E.3.e. [National or State Register of Historic Digital mapping data are not available or are incomplete. Refer to EAF Places or State Eligible Sites] Workbook. E.3.f. [Archeological Sites] No E.3.i. [Designated River Corridor] No Full Environmental Page 294 Assessment Form - EAF Mapper Summary Report 2 FAYETTE MANLIUS, LLC FAYETTE MANLIUS, LLC SEQRA RESOLUTION (3101-22-01A) A regular meeting of the Onondaga County Industrial Development Agency was convened in public session on March 8, 2022, at 8:00 a.m., local time, at 333 West Washington Street, Syracuse, New York. The meeting was called to order by the (Vice) Chairman of the Agency and, upon roll being called, the following members of the Agency were: PRESENT: ABSENT: ALSO PRESENT: Robert M. Petrovich, Executive Director Jeffrey W. Davis, Esq., Agency Counsel Amanda M. Fitzgerald, Esq., Agency Counsel The following resolution was offered by ____________, seconded by ___________________, to wit: SEQRA RESOLUTION (3101-22-01A) A regular meeting of the Onondaga County Industrial Development Agency was convened in public session on March 8, 2022, at 8:00 a.m., local time, at 333 West Washington Street, Syracuse, New York. The meeting was called to order by the (Vice) Chairman of the Agency and, upon roll being called, the following members of the Agency were: PRESENT: ABSENT: ALSO PRESENT: Robert M. Petrovich, Executive Director Jeffrey W. Davis, Esq., Agency Counsel Amanda M. Fitzgerald, Esq., Agency Counsel The following resolution was offered by ____________, seconded by ___________________, to wit: RESOLUTION OF THE ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY DETERMINING THAT A CERTAIN LEASE/LEASEBACK TRANSACTION FOR FAYETTE MANLIUS, LLC WILL NOT HAVE A SIGNIFICANT ADVERSE EFFECT ON THE ENVIRONMENT PURSUANT TO THE STATE ENVIRONMENTAL QUALITY REVIEW ACT WHEREAS, Onondaga County Industrial Development Agency (the “Agency”) is authorized and empowered by the provisions of Chapter 1030 of the 1969 Laws of New York, constituting Title 1 of Article 18-A of the General Municipal Law, Chapter 24 of the Consolidated Laws of New York, as amended (the “Enabling Act”), Chapter 435 of the Laws of 1970 of the State of New York and Chapter 676 of the Laws of 1975 of the State of New York, as amended, constituting Section 895 of said General Municipal Law (said Chapter and the Enabling Act being hereinafter collectively referred to as the “Act”) to promote, develop, encourage and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing of manufacturing, warehousing, research, commercial and industrial facilities, among others, for the purpose of promoting, attracting and developing economically sound commerce and industry to advance the job opportunities, health, general prosperity and economic welfare of the people of the State of New York, to improve their prosperity and standard of living, and to prevent unemployment and economic deterioration; and RESOLUTION OF THE ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY DETERMINING THAT A CERTAIN LEASE/LEASEBACK TRANSACTION FOR FAYETTE MANLIUS, LLC WILL NOT HAVE A SIGNIFICANT ADVERSE EFFECT ON THE ENVIRONMENT PURSUANT TO THE STATE ENVIRONMENTAL QUALITY REVIEW ACT WHEREAS, Onondaga County Industrial Development Agency (the “Agency”) is authorized and empowered by the provisions of Chapter 1030 of the 1969 Laws of New York, constituting Title 1 of Article 18-A of the General Municipal Law, Chapter 24 of the Consolidated Laws of New York, as amended (the “Enabling Act”), Chapter 435 of the Laws of 1970 of the State of New York and Chapter 676 of the Laws of 1975 of the State of New York, as amended, constituting Section 895 of said General Municipal Law (said Chapter and the Enabling Act being hereinafter collectively referred to as the “Act”) to promote, develop, encourage and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing of manufacturing, warehousing, research, commercial and industrial facilities, among others, for the purpose of promoting, attracting and developing economically sound commerce and industry to advance the job opportunities, health, general prosperity and economic welfare of the people of the State of New York, to improve their prosperity and standard of living, and to prevent unemployment and economic deterioration; and 24176846.1 WHEREAS, to accomplish its stated purposes, the Agency is authorized and empowered under the Act to acquire, construct, reconstruct and install one or more “projects” (as defined in the Act), or to cause said projects to be acquired, constructed, reconstructed and installed, and to convey said projects or to lease said projects with the obligation to purchase; and WHEREAS, Fayette Manlius, LLC, a New York limited liability company (the “Company”), has submitted an application (the “Application”), on behalf of itself and/or entities formed or to be formed on its behalf, to the Agency, a copy of which Application is on file at the office of the Agency, which Application requests that the Agency consider undertaking a project (the “Project”) for the benefit of the Company and/or entities formed or to be formed on its behalf, said Project consisting of the following: (A)(1) the acquisition of a leasehold interest in all or a portion of an approximately 4.28 acre parcel of land located at 332 Fayette Street (tax map no. 024.-01-08.1), in the Village of Manlius, Onondaga County, New York (the “Land”) and the existing 17,053 square foot building located thereon (the “Existing Building”); (2) the demolition of the Existing Building and the construction of an approximately 37,500 square foot mixed-used building containing retail space on the first floor and approximately twenty apartment units on the second and third floors (the “Mixed Use Building”) and an approximately 3,500 square foot building for an urgent care facility (the “Urgent Care Facility”), together with related site improvements including but not limited to parking space (all of the foregoing, collectively, the “Facility”), such Urgent Care Facility to be leased to a third party tenant; and (3) the acquisition and installation therein and thereon of related fixtures, machinery, equipment and other tangible personal property (collectively, the “Equipment”) (the Land, the Facility and the Equipment being collectively referred to as the “Project Facility”); (B) the granting of certain “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing, including potential exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes and mortgage recording taxes (subject to certain statutory limitations) (the “Financial Assistance”); and (C) the lease (with an obligation to purchase) or sale of the Project Facility to the Company or such other person as may be designated by the Company and agreed upon by the Agency; and 24176846.1 WHEREAS, to accomplish its stated purposes, the Agency is authorized and empowered under the Act to acquire, construct, reconstruct and install one or more “projects” (as defined in the Act), or to cause said projects to be acquired, constructed, reconstructed and installed, and to convey said projects or to lease said projects with the obligation to purchase; and WHEREAS, Fayette Manlius, LLC, a New York limited liability company (the “Company”), has submitted an application (the “Application”), on behalf of itself and/or entities formed or to be formed on its behalf, to the Agency, a copy of which Application is on file at the office of the Agency, which Application requests that the Agency consider undertaking a project (the “Project”) for the benefit of the Company and/or entities formed or to be formed on its behalf, said Project consisting of the following: (A)(1) the acquisition of a leasehold interest in all or a portion of an approximately 4.28 acre parcel of land located at 332 Fayette Street (tax map no. 024.-01-08.1), in the Village of Manlius, Onondaga County, New York (the “Land”) and the existing 17,053 square foot building located thereon (the “Existing Building”); (2) the demolition of the Existing Building and the construction of an approximately 37,500 square foot mixed-used building containing retail space on the first floor and approximately twenty apartment units on the second and third floors (the “Mixed Use Building”) and an approximately 3,500 square foot building for an urgent care facility (the “Urgent Care Facility”), together with related site improvements including but not limited to parking space (all of the foregoing, collectively, the “Facility”), such Urgent Care Facility to be leased to a third party tenant; and (3) the acquisition and installation therein and thereon of related fixtures, machinery, equipment and other tangible personal property (collectively, the “Equipment”) (the Land, the Facility and the Equipment being collectively referred to as the “Project Facility”); (B) the granting of certain “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing, including potential exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes and mortgage recording taxes (subject to certain statutory limitations) (the “Financial Assistance”); and (C) the lease (with an obligation to purchase) or sale of the Project Facility to the Company or such other person as may be designated by the Company and agreed upon by the Agency; and WHEREAS, pursuant to Article 8 of the Environmental Conservation Law of the State of New York, as amended, and the regulations of the Department of Environmental Conservation of the State of New York promulgated thereunder (collectively referred to hereinafter as “SEQRA”), the Agency is required to make a determination with respect to the environmental impact of any “action” (as defined by SEQRA) to be taken by the Agency and the approval of the Project and grant of Financial Assistance constitute such an action; and WHEREAS, to aid the Agency in determining whether the Project may have a significant effect upon the environment, the Company has prepared and submitted to the Agency an Environmental Assessment Form (the “EAF”) dated June 24, 2021, a copy of which is on file in the office of the Agency and is readily accessible to the public; and WHEREAS, the Village of Manlius Planning Board (“Planning Board”) previously classified the Project as a Type I action under SEQRA and declared its intent to act as lead agency for the purpose of conducting a coordinated environmental review of the Project; and 24176846.1 WHEREAS, after conducting a thorough review of the Project and its potential effects, the Planning Board determined that the Project would not result in any significant adverse environmental impacts and issued a negative declaration for the Project on October 5, 2021; and WHEREAS, pursuant to Article 8 of the Environmental Conservation Law of the State of New York, as amended, and the regulations of the Department of Environmental Conservation of the State of New York promulgated thereunder (collectively referred to hereinafter as “SEQRA”), the Agency is required to make a determination with respect to the environmental impact of any “action” (as defined by SEQRA) to be taken by the Agency and the approval of the Project and grant of Financial Assistance constitute such an action; and WHEREAS, to aid the Agency in determining whether the Project may have a significant effect upon the environment, the Company has prepared and submitted to the Agency an Environmental Assessment Form (the “EAF”) dated June 24, 2021, a copy of which is on file in the office of the Agency and is readily accessible to the public; and WHEREAS, the Village of Manlius Planning Board (“Planning Board”) previously classified the Project as a Type I action under SEQRA and declared its intent to act as lead agency for the purpose of conducting a coordinated environmental review of the Project; and 24176846.1 WHEREAS, after conducting a thorough review of the Project and its potential effects, the Planning Board determined that the Project would not result in any significant adverse environmental impacts and issued a negative declaration for the Project on October 5, 2021; and WHEREAS, the Agency’s involvement in the Project was not identified on the SEQRA EAF when the Planning Board performed the coordinated SEQRA review and issued its negative declaration for the Project; and WHEREAS, had the Agency’s involvement been known at the time the Planning Board declared its intent to act as lead agency for the coordinated review of the Project, the Agency would have, as an involved agency, consented to the lead agency designation by the Planning Board and been bound by the negative declaration that was issued for the Project; WHEREAS, the Agency’s involvement in the Project was not identified on the SEQRA EAF when the Planning Board performed the coordinated SEQRA review and issued its negative declaration for the Project; and WHEREAS, had the Agency’s involvement been known at the time the Planning Board declared its intent to act as lead agency for the coordinated review of the Project, the Agency would have, as an involved agency, consented to the lead agency designation by the Planning Board and been bound by the negative declaration that was issued for the Project; NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY AS FOLLOWS: Section 1. Based upon an examination of the EAF prepared by the Company, the criteria contained in 6 NYCRR §617.7(c), and based further upon the Agency’s knowledge of the area surrounding the Project, all the representations made by the Company in connection with the Project, and such further investigation of the Project and its environmental effects as the Agency has deemed appropriate, the Agency makes the following findings and determinations with respect to the Project pursuant to SEQRA: (a) The Project consists of the components described above in the third WHEREAS clause of this resolution; (b) The Project constitutes a “Type I” action (as said quoted term is defined in SEQRA); (c) The Agency, in recognition of the fact that it would have been an involved agency and consented to the Planning Board’s lead agency status, hereby reaffirms, accepts, and adopts the negative declaration that was issued by the Planning Board for the Project, attached hereto as Exhibit “A”, which shall be filed in the office of the Agency in a file that is readily accessible to the public; Section 2. A copy of this Resolution, together with the attachments hereto, shall be placed on file in the office of the Agency where the same shall be available for public inspection during business hours. NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY AS FOLLOWS: Section 1. Based upon an examination of the EAF prepared by the Company, the criteria contained in 6 NYCRR §617.7(c), and based further upon the Agency’s knowledge of the area surrounding the Project, all the representations made by the Company in connection with the Project, and such further investigation of the Project and its environmental effects as the Agency has deemed appropriate, the Agency makes the following findings and determinations with respect to the Project pursuant to SEQRA: (a) The Project consists of the components described above in the third WHEREAS clause of this resolution; (b) The Project constitutes a “Type I” action (as said quoted term is defined in SEQRA); (c) The Agency, in recognition of the fact that it would have been an involved agency and consented to the Planning Board’s lead agency status, hereby reaffirms, accepts, and adopts the negative declaration that was issued by the Planning Board for the Project, attached hereto as Exhibit “A”, which shall be filed in the office of the Agency in a file that is readily accessible to the public; Section 2. A copy of this Resolution, together with the attachments hereto, shall be placed on file in the office of the Agency where the same shall be available for public inspection during business hours. Section 3. The Agency hereby authorizes Agency staff or counsel to take all further actions deemed necessary and appropriate to fulfill the Agency’s responsibilities under SEQRA. 24176846.1 The question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows: Section 3. The Agency hereby authorizes Agency staff or counsel to take all further actions deemed necessary and appropriate to fulfill the Agency’s responsibilities under SEQRA. 24176846.1 The question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows: AYE NAY ABSENT Patrick Hogan Janice Herzog Victor Ianno Steve Morgan Susan Stanczyk Kevin Ryan Fanny Villarreal The Resolution was thereupon declared duly adopted. 24176846.1 AYE NAY ABSENT Patrick Hogan Janice Herzog Victor Ianno Steve Morgan Susan Stanczyk Kevin Ryan Fanny Villarreal The Resolution was thereupon declared duly adopted. 24176846.1 STATE OF NEW YORK ) ) ss.: COUNTY OF ONONDAGA ) I, the undersigned Secretary of the Onondaga County Industrial Development Agency, DO HEREBY CERTIFY that I have compared the foregoing extract of the minutes of the meeting of the members of the Agency, including the Resolution contained therein, held on March 8, 2022, with the original thereof on file in my office, and that the same is a true and correct copy of such proceedings of the Agency and of such Resolution set forth therein and of the whole of said original so far as the same relates to the subject matter therein referred to. I FURTHER CERTIFY that (A) all members of the Agency had due notice of said meeting, (B) said meeting was in all respects duly held, (C) pursuant to Article 7 of the Public Officers Law (the “Open Meetings Law”), said meeting was open to the general public and due notice of the time and place of said meeting was duly given in accordance with such Open Meetings Law, and (D) there was a quorum of the members of the Agency present throughout said meeting. I FURTHER CERTIFY that as of the date hereof, the attached Resolution is in full force and effect and has not been amended, repealed, or rescinded. IN WITNESS WHEREOF, I have hereunto set my hand this __ day of March, 2022. STATE OF NEW YORK ) ) ss.: COUNTY OF ONONDAGA ) I, the undersigned Secretary of the Onondaga County Industrial Development Agency, DO HEREBY CERTIFY that I have compared the foregoing extract of the minutes of the meeting of the members of the Agency, including the Resolution contained therein, held on March 8, 2022, with the original thereof on file in my office, and that the same is a true and correct copy of such proceedings of the Agency and of such Resolution set forth therein and of the whole of said original so far as the same relates to the subject matter therein referred to. I FURTHER CERTIFY that (A) all members of the Agency had due notice of said meeting, (B) said meeting was in all respects duly held, (C) pursuant to Article 7 of the Public Officers Law (the “Open Meetings Law”), said meeting was open to the general public and due notice of the time and place of said meeting was duly given in accordance with such Open Meetings Law, and (D) there was a quorum of the members of the Agency present throughout said meeting. I FURTHER CERTIFY that as of the date hereof, the attached Resolution is in full force and effect and has not been amended, repealed, or rescinded. IN WITNESS WHEREOF, I have hereunto set my hand this __ day of March, 2022. __________________________________ (SEAL) Secretary 24176846.1 __________________________________ (SEAL) Secretary 24176846.1 EXHIBIT A 24176846.1 J.W. DIDADO ELECTRIC, LLC AND G & R MORGAN ROAD, LLC PUBLIC HEARING RESOLUTION (_____-22-____) A regular meeting of the Onondaga County Industrial Development Agency convened in public session on March 8, 2022, at 8:00 a.m., local time, at 333 West Washington Street, Syracuse, New York. The meeting was called to order by the (Vice) Chairman of the Agency and, upon roll being called, the following members of the Agency were: PRESENT: Patrick Hogan, Chairperson Janice Herzog, Vice Chairperson Victor Ianno Susan Stanczyk Kevin Ryan Steve Morgan Fanny Villarreal ABSENT: ALSO PRESENT: Robert M. Petrovich, Executive Director John P. Sidd, Esq., Agency Counsel The following resolution was offered by _______________, seconded by _________________, to wit: EXHIBIT A 24176846.1 J.W. DIDADO ELECTRIC, LLC AND G & R MORGAN ROAD, LLC PUBLIC HEARING RESOLUTION (_____-22-____) A regular meeting of the Onondaga County Industrial Development Agency convened in public session on March 8, 2022, at 8:00 a.m., local time, at 333 West Washington Street, Syracuse, New York. The meeting was called to order by the (Vice) Chairman of the Agency and, upon roll being called, the following members of the Agency were: PRESENT: Patrick Hogan, Chairperson Janice Herzog, Vice Chairperson Victor Ianno Susan Stanczyk Kevin Ryan Steve Morgan Fanny Villarreal ABSENT: ALSO PRESENT: Robert M. Petrovich, Executive Director John P. Sidd, Esq., Agency Counsel The following resolution was offered by _______________, seconded by _________________, to wit: RESOLUTION AUTHORIZING A PUBLIC HEARING IN CONNECTION WITH THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF A CERTAIN FACILITY FOR J.W. DIDADO ELECTRIC, LLC AND G & R MORGAN ROAD, LLC WHEREAS, Onondaga County Industrial Development Agency (the “Agency”) is authorized and empowered by the provisions of Chapter 1030 of the 1969 Laws of New York, constituting Title 1 of Article 18-A of the General Municipal Law, Chapter 24 of the Consolidated Laws of New York, as amended (the “Enabling Act”), Chapter 435 of the Laws of 1970 of the State of New York and Chapter 676 of the Laws of 1975 of the State of New York, as amended, constituting Section 895 of said General Municipal Law (said Chapter and the Enabling Act being hereinafter collectively referred to as the “Act”) to promote, develop, encourage and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing of manufacturing, warehousing, research, commercial and industrial facilities, among others, for the purpose of promoting, {H4680283.1} attracting and developing economically sound commerce and industry to advance the job opportunities, health, general prosperity and economic welfare of the people of the State of New York, to improve their prosperity and standard of living, and to prevent unemployment and economic deterioration; and RESOLUTION AUTHORIZING A PUBLIC HEARING IN CONNECTION WITH THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF A CERTAIN FACILITY FOR J.W. DIDADO ELECTRIC, LLC AND G & R MORGAN ROAD, LLC WHEREAS, Onondaga County Industrial Development Agency (the “Agency”) is authorized and empowered by the provisions of Chapter 1030 of the 1969 Laws of New York, constituting Title 1 of Article 18-A of the General Municipal Law, Chapter 24 of the Consolidated Laws of New York, as amended (the “Enabling Act”), Chapter 435 of the Laws of 1970 of the State of New York and Chapter 676 of the Laws of 1975 of the State of New York, as amended, constituting Section 895 of said General Municipal Law (said Chapter and the Enabling Act being hereinafter collectively referred to as the “Act”) to promote, develop, encourage and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing of manufacturing, warehousing, research, commercial and industrial facilities, among others, for the purpose of promoting, {H4680283.1} attracting and developing economically sound commerce and industry to advance the job opportunities, health, general prosperity and economic welfare of the people of the State of New York, to improve their prosperity and standard of living, and to prevent unemployment and economic deterioration; and WHEREAS, to accomplish its stated purposes, the Agency is authorized and empowered under the Act to acquire, construct, reconstruct and install one or more “projects” (as defined in the Act), or to cause said projects to be acquired, constructed, reconstructed and installed, and to convey said projects or to lease said projects with the obligation to purchase; and WHEREAS, J.W. Didado Electric, LLC, a Delaware limited liability company authorized to do business in New York and G & R Morgan Road, LLC, a ________________ limited liability company________________ (collectively the “Company”), has submitted an application (the “Application”), on behalf of itself and/or entities formed or to be formed on its behalf, to the Agency, a copy of which Application is on file at the office of the Agency, which Application requests that the Agency consider undertaking a project (the “Project”) for the benefit of the Company and/or entities formed or to be formed on its behalf, said Project consisting of the following: (A)(1) the acquisition of a leasehold interest in all or a portion of an approximately 12.17 acre parcel of land located on Morgan Road in the Town of Clay, Onondaga County, New York (currently tax map no. 087.-01-01.1) (the “Land”); (2) the construction of an approximately 24,000 square foot steel frame building containing approximately 10,000 square feet of office and workforce training space and approximately 14,000 square feet of space to include 9 pull- in truck bays for tooling, maintenance and service of trucks, climate controlled equipment storage and general storage and related office space (the “Facility”); and (3) the acquisition and installation therein and thereon of related fixtures, machinery, equipment and other tangible personal property (collectively, the “Equipment”) (the Land, the Facility and the Equipment being collectively referred to as the “Project Facility”); (B) the granting of certain “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing, including potential exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes and mortgage recording taxes (subject to certain statutory limitations) (collectively the “Financial Assistance”); and (C) the lease (with an obligation to purchase) or sale of the Project Facility to Company or such other person as may be designated by the Company and agreed upon by the Agency; and WHEREAS, to accomplish its stated purposes, the Agency is authorized and empowered under the Act to acquire, construct, reconstruct and install one or more “projects” (as defined in the Act), or to cause said projects to be acquired, constructed, reconstructed and installed, and to convey said projects or to lease said projects with the obligation to purchase; and WHEREAS, J.W. Didado Electric, LLC, a Delaware limited liability company authorized to do business in New York and G & R Morgan Road, LLC, a ________________ limited liability company________________ (collectively the “Company”), has submitted an application (the “Application”), on behalf of itself and/or entities formed or to be formed on its behalf, to the Agency, a copy of which Application is on file at the office of the Agency, which Application requests that the Agency consider undertaking a project (the “Project”) for the benefit of the Company and/or entities formed or to be formed on its behalf, said Project consisting of the following: (A)(1) the acquisition of a leasehold interest in all or a portion of an approximately 12.17 acre parcel of land located on Morgan Road in the Town of Clay, Onondaga County, New York (currently tax map no. 087.-01-01.1) (the “Land”); (2) the construction of an approximately 24,000 square foot steel frame building containing approximately 10,000 square feet of office and workforce training space and approximately 14,000 square feet of space to include 9 pull- in truck bays for tooling, maintenance and service of trucks, climate controlled equipment storage and general storage and related office space (the “Facility”); and (3) the acquisition and installation therein and thereon of related fixtures, machinery, equipment and other tangible personal property (collectively, the “Equipment”) (the Land, the Facility and the Equipment being collectively referred to as the “Project Facility”); (B) the granting of certain “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing, including potential exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes and mortgage recording taxes (subject to certain statutory limitations) (collectively the “Financial Assistance”); and (C) the lease (with an obligation to purchase) or sale of the Project Facility to Company or such other person as may be designated by the Company and agreed upon by the Agency; and WHEREAS, the Company requested that the Agency enter into a payment in lieu of tax agreement (the “Proposed PILOT Agreement”) with respect to that portion of the Project Facility related to the Building; and WHEREAS, pursuant to the Act, any approval of the Project contained herein is contingent upon a determination by the members of the Agency to proceed with the Project following satisfaction of the public hearing and notice requirements and other procedural requirements contained in Section 859-a of the Act that relate to the Project and full compliance with the New York State Environmental Quality Review Act. {H4680283.1} 2 WHEREAS, the Company requested that the Agency enter into a payment in lieu of tax agreement (the “Proposed PILOT Agreement”) with respect to that portion of the Project Facility related to the Building; and WHEREAS, pursuant to the Act, any approval of the Project contained herein is contingent upon a determination by the members of the Agency to proceed with the Project following satisfaction of the public hearing and notice requirements and other procedural requirements contained in Section 859-a of the Act that relate to the Project and full compliance with the New York State Environmental Quality Review Act. {H4680283.1} 2 NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY AS FOLLOWS: Section 1. The Agency hereby authorizes the Executive Director, prior to the granting of any Financial Assistance with respect to the Project, after consultation with counsel to the Agency, (A) to establish a time, date and place for a public hearing of the Agency to hear all persons interested in the location and nature of the Project Facility and the proposed Financial Assistance being contemplated by the Agency with respect to the Project, said public hearing to be held in the city, town or village where the Project Facility is located or in accordance with the Act to amend chapter 417 of the laws of 2021 relating to authorizing political subdivisions to permit any public body to hold meetings remotely and without in-person access during the COVID-19 state disaster emergency, in relation to public bodies holding meetings remotely and to the effectiveness thereof; (B) to cause notice of such public hearing to be given to the public by publishing a notice of such hearing in a newspaper of general circulation available to residents of the governmental units where the Project Facility is or is to be located, such notice and publication to comply with the requirements of Section 859-a of the Act; (C) to cause notice of said public hearing to be given to the chief executive officer of the county and each city, town, village and school district in which the Project Facility is or is to be located; (D) to conduct such public hearing; and (E) to cause a report of said public hearing fairly summarizing the views presented at a public hearing to be promptly prepared and cause copies of said report to be made available to the members of the Agency. NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY AS FOLLOWS: Section 1. The Agency hereby authorizes the Executive Director, prior to the granting of any Financial Assistance with respect to the Project, after consultation with counsel to the Agency, (A) to establish a time, date and place for a public hearing of the Agency to hear all persons interested in the location and nature of the Project Facility and the proposed Financial Assistance being contemplated by the Agency with respect to the Project, said public hearing to be held in the city, town or village where the Project Facility is located or in accordance with the Act to amend chapter 417 of the laws of 2021 relating to authorizing political subdivisions to permit any public body to hold meetings remotely and without in-person access during the COVID-19 state disaster emergency, in relation to public bodies holding meetings remotely and to the effectiveness thereof; (B) to cause notice of such public hearing to be given to the public by publishing a notice of such hearing in a newspaper of general circulation available to residents of the governmental units where the Project Facility is or is to be located, such notice and publication to comply with the requirements of Section 859-a of the Act; (C) to cause notice of said public hearing to be given to the chief executive officer of the county and each city, town, village and school district in which the Project Facility is or is to be located; (D) to conduct such public hearing; and (E) to cause a report of said public hearing fairly summarizing the views presented at a public hearing to be promptly prepared and cause copies of said report to be made available to the members of the Agency. Section 2. If the terms of the Proposed PILOT Agreement deviate from the standard terms of a payment in lieu of tax agreement under the Agency’s Uniform Tax Exemption Policy (the “UTEP”), the Agency hereby further authorizes the Executive Director of the Agency to (A) establish a time, date and place for a meeting of the Agency to consider the approval by the members of the Agency of the Proposed PILOT Agreement; and (B) cause notice of said meeting to be given to the chief executive officer of the county and each city, town, village and school district in which the Project Facility is or is to be located, such notice or notices to comply with the requirements of Section 874 of the Act. Section 3. The Chairman, Vice Chairman and/or Executive Director of the Agency are each hereby authorized and directed to distribute copies of this Resolution to the Company and to do such further things or perform such acts as may be necessary or convenient to implement the provisions of this Resolution. Section 4. This Resolution shall take effect immediately. The question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows: {H4680283.1} 3 Section 2. If the terms of the Proposed PILOT Agreement deviate from the standard terms of a payment in lieu of tax agreement under the Agency’s Uniform Tax Exemption Policy (the “UTEP”), the Agency hereby further authorizes the Executive Director of the Agency to (A) establish a time, date and place for a meeting of the Agency to consider the approval by the members of the Agency of the Proposed PILOT Agreement; and (B) cause notice of said meeting to be given to the chief executive officer of the county and each city, town, village and school district in which the Project Facility is or is to be located, such notice or notices to comply with the requirements of Section 874 of the Act. Section 3. The Chairman, Vice Chairman and/or Executive Director of the Agency are each hereby authorized and directed to distribute copies of this Resolution to the Company and to do such further things or perform such acts as may be necessary or convenient to implement the provisions of this Resolution. Section 4. This Resolution shall take effect immediately. The question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows: {H4680283.1} 3 AYE NAY ABSENT Patrick Hogan Janice Herzog Victor lanno Steve Morgan Susan Stanczyk Kevin Ryan Fanny Villarreal The Resolution was thereupon declared duly adopted. AYE NAY ABSENT Patrick Hogan Janice Herzog Victor lanno Steve Morgan Susan Stanczyk Kevin Ryan Fanny Villarreal The Resolution was thereupon declared duly adopted. STATE OF NEW YORK ) ) SS: COUNTY OF ONONDAGA ) I, the undersigned Secretary of the Onondaga County Industrial Development Agency, DO HEREBY CERTIFY that I have compared the foregoing extract of the minutes of the meeting of the members of the Agency, including the Resolution contained therein, held on March 8, 2022, with the original thereof on file in my office, and that the same is a true and correct copy of such proceedings of the Agency and of such Resolution set forth therein and of the whole of said original so far as the same relates to the subject matter therein referred to. I FURTHER CERTIFY that (A) all members of the Agency had due notice of said meeting, (B) said meeting was in all respects duly held, (C) pursuant to Article 7 of the Public Officers Law (the “Open Meetings Law”), said meeting was open to the general public and due notice of the time and place of said meeting was duly given in accordance with such Open Meetings Law, and (D) there was a quorum of the members of the Agency present throughout said meeting. I FURTHER CERTIFY that as of the date hereof, the attached Resolution is in full force and effect and has not been amended, repealed, or rescinded. IN WITNESS WHEREOF, I have hereunto set my hand this 8th day of March, 2022. STATE OF NEW YORK ) ) SS: COUNTY OF ONONDAGA ) I, the undersigned Secretary of the Onondaga County Industrial Development Agency, DO HEREBY CERTIFY that I have compared the foregoing extract of the minutes of the meeting of the members of the Agency, including the Resolution contained therein, held on March 8, 2022, with the original thereof on file in my office, and that the same is a true and correct copy of such proceedings of the Agency and of such Resolution set forth therein and of the whole of said original so far as the same relates to the subject matter therein referred to. I FURTHER CERTIFY that (A) all members of the Agency had due notice of said meeting, (B) said meeting was in all respects duly held, (C) pursuant to Article 7 of the Public Officers Law (the “Open Meetings Law”), said meeting was open to the general public and due notice of the time and place of said meeting was duly given in accordance with such Open Meetings Law, and (D) there was a quorum of the members of the Agency present throughout said meeting. I FURTHER CERTIFY that as of the date hereof, the attached Resolution is in full force and effect and has not been amended, repealed, or rescinded. IN WITNESS WHEREOF, I have hereunto set my hand this 8th day of March, 2022. __________________________ Nancy Lowery, Secretary {H4680283.1} 4 __________________________ Nancy Lowery, Secretary {H4680283.1} 4