Typeset from the PDF of the official document — extraction method is not certified for this historical record; headings, motions and recorded votes are detected automatically, so spacing may differ from the original. The official copy governs.
1-
PHONE: 315.435.3770 FAX: 315.435.3669 ONGOVED.COM
Regular Meeting Agenda August 10, 2023
8:30 AM Call to Order the Regular Meeting of the Agency
A. Approval of Minutes: July 20, 2023 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items:
QP2 Properties, LLC is proposing a the construction of two (2) three -story residential apartment buildings, with approximately 96 garden style apartments and various tenant amenities. The project includes six (6) garages containing interior parking spaces and surface parking spaces . The project also includes three (3) commercial buildings totaling 33,200 square feet of commercial rental space with additional surface parking surfaces. The applicant is requesting exemptions from certain sa les and use 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 req uested include exemptions from sales and use taxes , real estate transfer taxes and mortgage recording taxes.
Representative: Ozzie Crisalli/Michael Arcuri, QP2 Properties, LLC
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1- PHONE: 315.435.3770 FAX: 315.435.3669 ONGOVED.COM Regular Meeting Agenda August 10, 2023 8:30 AM Call to Order the Regular Meeting of the Agency A. Approval of Minutes: July 20, 2023 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items:
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QP2 Properties, LLC is proposing a the construction of two (2) three-story residential apartment buildings, with approximately 96 garden style apartments and various tenant amenities. The project includes six (6) garages containing interior parking spaces and surface parking spaces. The project also includes three (3) commercial buildings totaling 33,200 square feet of commercial rental space with additional surface parking surfaces. The applicant is requesting exemptions from certain sales and use 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 sales and use taxes, real estate transfer taxes and mortgage recording taxes.
Representative: Ozzie Crisalli/Michael Arcuri, QP2 Properties, LLC
2
The Agency is proposing to accept the bid of a Company to complete site clearance services at White Pine Commerce Park such services to include inspection, abatement and potential demolition of vacant Agency owned structures..
Agency Action Required:
a. A resolution of the Board authorizing Executive Director to accept a bid and enter into one or more agreements for site clearance services with the following company for site clearance services at White Pine Commerce Park:
< Company pending OCIDA Board decision >
Representative: Robert Petrovich, Executive Director, OCIDA
3. Tracey Road Equipment, Inc. / Gerald W. Tracey Project (3101-20-03B) Request for execution and delivery of mortgage related documents with respect to financing.
Agency Action Requested:
a. A resolution of the board authorizing execution and delivery of documents. Representative: Jeff Davis, OCIDA Legal Counsel, Barclay Damon LLP
4. Cor Inner Harbor Company, LLC et. al. (3101-15-14A) Request for authorization to release from the Agency’s leasehold interest and sell parcels of property.
Agency Action Requested:
a. A resolution of the board authorizing a release of a portion of the Agency leasehold interest and the sale of parcels of property and related actions.
Representative: Robert Petrovich, Executive Director, OCIDA
Adjourn [Literal native PDF text; original page 2; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified]
The Agency is proposing to accept the bid of a Company to complete site clearance services at White Pine Commerce Park such services to include inspection, abatement and potential demolition of vacant Agency owned structures..
Agency Action Required:
a. A resolution of the Board authorizing Executive Director to accept a bid and enter into one or more agreements for site clearance services with the following company for site clearance services at White Pine Commerce Park:
< Company pending OCIDA Board decision > Representative: Robert Petrovich, Executive Director, OCIDA 3. Tracey Road Equipment, Inc. / Gerald W. Tracey Project (3101-20-03B) Request for execution and delivery of mortgage related documents with respect to financing.
Agency Action Requested:
a. A resolution of the board authorizing execution and delivery of documents. Representative: Jeff Davis, OCIDA Legal Counsel, Barclay Damon LLP 4. Cor Inner Harbor Company, LLC et. al. (3101-15-14A) Request for authorization to release from the Agency’s leasehold interest and sell parcels of property.
Agency Action Requested:
a. A resolution of the board authorizing a release of a portion of the Agency leasehold interest and the sale of parcels of property and related actions.
Representative: Robert Petrovich, Executive Director, OCIDA Adjourn 2
Onondaga County Industrial Development Agency
Regular
Meeting Minutes
July 20 , 2023
A regular
meeting of the Onondaga County Industrial Development Agency was held on T hursday, July
20, 2023, Oncenter Meeting Room 1/2/3, 800 South State Street , Syracuse, New Yo r k .
Patrick Hogan
called the meeting to order at 8:
3 1
am with the following:
PRESENT:
Patrick Hogan
Janice Herzog
Kevin Ryan
Cydney Johnson
ABSENT:
Fanny Villarreal
Susan Stanczyk
Elizabeth Dreyfuss
ALSO PRESENT:
Robert M. Petrovich, Executive Director
Nate Stevens, Treasurer
Nancy Lowery, Secretary
Svetlana Dyer, Assistant Secretary
Karen
Doster, Recording Secretary
Alexis Rodriguez, Assistant Treasurer
Len Rauch, Economic Development
Jeff Davis, Barclay Damon Law Firm
Amanda Fitzgerald, Barclay Damon Law Firm
Leila Dwyer, Barclay Damon Law Firm
Ozzie Crisalli, QP2 Properties, LLC
Michael Arcuri, QP2 Properties, LLC
Tony Mancuso, Milton Cat
Brad Ferrin, Milton Cat
Wendy Lougn o t, Costello, Cooney & Fearon,
Sarah Bruce, Syracuse Habitat for Humanity
Carson Henry, Micron
Steve Bills, LeChase
John Sidd, Hancock Estabrook, LLP
Isabelle Harris, County Executive Office
Joe Nehme , Micron
Justin Davis
Krystal Cole
Mike Kuhn
Ellen Abbott
Rick Moriarty
Neil Webb , Ramboll
Tom Behm , Micron
Christine Minkler
Con n or Wight
Scott Schild
Glenn Coin
–
, 2023
& JUNE 22 , 2023
U pon a motion by
Janice Herzog , seconded by
Cydney Johnson ,
the OCIDA Board approved
the regular meeting minutes of
June 8 , 2023 and
June 22, 2023 .
Motion was carried.
TREASURER’S REPORT
Page3 [Literal native PDF text; original page 3; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified]
Onondaga County Industrial Development Agency Regular Meeting Minutes July 20, 2023 A regular meeting of the Onondaga County Industrial Development Agency was held on Thursday, July 20, 2023, Oncenter Meeting Room 1/2/3, 800 South State Street, Syracuse, New York.
Patrick Hogan called the meeting to order at 8:31 am with the following:
PRESENT:
Patrick Hogan Janice Herzog Kevin Ryan Cydney Johnson
ABSENT:
Fanny Villarreal Susan Stanczyk Elizabeth Dreyfuss [Literal native PDF text; original page 3; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified]
ALSO PRESENT:
Robert M. Petrovich, Executive Director Carson Henry, Micron Nate Stevens, Treasurer Steve Bills, LeChase Nancy Lowery, Secretary John Sidd, Hancock Estabrook, LLP Svetlana Dyer, Assistant Secretary Isabelle Harris, County Executive Office Karen Doster, Recording Secretary Joe Nehme, Micron Alexis Rodriguez, Assistant Treasurer Justin Davis Len Rauch, Economic Development Krystal Cole Jeff Davis, Barclay Damon Law Firm Mike Kuhn Amanda Fitzgerald, Barclay Damon Law Firm Ellen Abbott Leila Dwyer, Barclay Damon Law Firm Rick Moriarty Ozzie Crisalli, QP2 Properties, LLC Neil Webb, Ramboll Michael Arcuri, QP2 Properties, LLC Tom Behm, Micron Tony Mancuso, Milton Cat Christine Minkler Brad Ferrin, Milton Cat Connor Wight Wendy Lougnot, Costello, Cooney & Fearon, Scott Schild PLLC Glenn Coin Sarah Bruce, Syracuse Habitat for Humanity APPROVAL OF REGULAR MEETING MINUTES – JUNE 8, 2023 & JUNE 22, 2023 Upon a motion by Janice Herzog, seconded by Cydney Johnson, the OCIDA Board approved the regular meeting minutes of June 8, 2023 and June 22, 2023. Motion was carried. TREASURER’S REPORT Page3 2
Nate Stevens
gave
a b r ief review of the Treasurer’s Report for the month of June
.
Upo n a motion by
Janice Herzog , seconde d by
Kevin Ryan , the OCIDA Board approved the Trea s urer’s Report for the month of June
. Motion was carried.
Nate
Stevens gave a brief review of the Payment of Bills Schedule # 4 8 3 .
Upon a motion
by Janice Herzog , seconded by Cydney Johnson ,
the OCIDA Board approved the Payment of Bills Schedule #4 8 3
for $ 17,
and PILOT payments to Syracuse City School District for $100,446.17, City of Syracuse for $55,023.97, Onondaga County for $69,868.94, Town of Onondaga for $.085, Town of DeWitt for $4.20 and Jamesville - DeWitt Central School District for $27.47 .
Motion wa s carried .
The Conflict of Interest was circulated and there were no conflicts.
QP2
- 23 -
Ozzie Crisalli stated they are proposing to build 96 apartments in 2 buildings and include d in that is
60 two
bedroom and 36 one
bedroom
on a 15 acre site . He stated there will be 3 outparcel buildings for commercial office, retail, restaurant and personal service. He stated there is a walk /exercise loop around the property . He stated they are prepared to start construction as soon as they get through the process with the Agency. (He shared pictures of the project.) He stated
they are doing modifications to the intersection and based on bids and estimates it is about $980,000 of work. He stated they a re widening the road 250 feet south on Henry Clay Boulevard, adding a turning lane and widening the road 150 feet north on Henry Clay Boulevard and adding
a turning lane. He stated there is relocation of 8 power poles.
P atrick Hogan asked what the rent s are going to be. Michael Arcuri stated rents are $1.80 a square foot. Ozzie Crisalli stated a 2 bedroom is 1,100 square feet and the rent is $1,980.
H e Page4 [Literal native PDF text; original page 4; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Nate Stevens gave a brief review of the Treasurer’s Report for the month of June 2023. Upon a motion by Janice Herzog, seconded by Kevin Ryan, the OCIDA Board approved the Treasurer’s Report for the month of June 2023. Motion was carried.
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Nate Stevens gave a brief review of the Payment of Bills Schedule #483. Upon a motion by Janice Herzog, seconded by Cydney Johnson, the OCIDA Board approved the Payment of Bills Schedule #483 for $17,655.31 and PILOT payments to Syracuse City School District for $100,446.17, City of Syracuse for $55,023.97, Onondaga County for $69,868.94, Town of Onondaga for $.085, Town of DeWitt for $4.20 and Jamesville-DeWitt Central School District for $27.47. Motion was carried.
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The Conflict of Interest was circulated and there were no conflicts. [Literal native PDF text; original page 4; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified]
Ozzie Crisalli stated they are proposing to build 96 apartments in 2 buildings and included in that is 60 two bedroom and 36 one bedroom on a 15 acre site. He stated there will be 3 outparcel buildings for commercial office, retail, restaurant and personal service. He stated there is a walk/exercise loop around the property. He stated they are prepared to start construction as soon as they get through the process with the Agency. (He shared pictures of the project.) He stated they are doing modifications to the intersection and based on bids and estimates it is about $980,000 of work. He stated they are widening the road 250 feet south on Henry Clay Boulevard, adding a turning lane and widening the road 150 feet north on Henry Clay Boulevard and adding a turning lane. He stated there is relocation of 8 power poles. Patrick Hogan asked what the rents are going to be. Michael Arcuri stated rents are $1.80 a square foot. Ozzie Crisalli stated a 2 bedroom is 1,100 square feet and the rent is $1,980. He 2 Page4 3
stated one bedroom
is
900 square feet and the
rent is
$1,620 a month.
Patrick Hogan stated they ar e market rate. Ozzie Crisalli stated yes.
Patrick Hogan stated he knows they are limited in green space because of parking requirement s .
He asked if it is a requirement by the Town. Ozzie Crisalli
stated it is a requirement of the town.
He stated based on the activity and where the market is they would love to be able to expand and do more with more density
but it is not in the mix. He stated they spent extra time and money making walk paths with
pedestrian protection signals getting the tenants from the back of the property to the front of the property so they can walk safely .
R obert Petrovich asked
for a description of the traffic improvements that are going to happen at the intersection and an estimate of the value of the improvements being done in support of this project. Ozzie Crisalli stated they are spending $980,000 which 3 years ago started at $475,000. He displayed a map and stated the pink section on Route 31 east and west and Henry
Clay Boulevard south and north is where they are widening the road and relocating power poles. He stated the green is the turning lane
and they are going 250 feet from the intersection southbound on Henry Clay and doing 1 50 feet north from the intersecti on line
n orth on Henry Clay. Michael Arcuri stated that intersection already has a failing grade for
traffic
so there is already problems with the existing conditions
s o with their
improvements
they are actually improving the tr affic score after improveme nts are done.
Ozzie Crisalli stated upon completion, at
the busiest time of day, this improvement will raise the level by one grade. He stated they are not just ac commodating the
project
traffic, they are
accommodating full intersection
and all the res idents that basically drive by their road.
Jeff Davis asked about the timing on the
pre - construction
work.
Ozzie Crisalli stated he thinks they will start the bidding process
because being overseen by New York State DOT, it takes a little bit
longer . Michael Arcuri stated it is a condition to get their CFC so it has to be done before even starting. Ozzie Crisalli stated they expect the first retail and the first residential will be about 14 months after they start and expect tenants in September.
Jeff Davis asked if they have full local zoning approvals. Ozzie Crisalli stated yes.
Page5 [Literal native PDF text; original page 5; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] stated one bedroom is 900 square feet and the rent is $1,620 a month. Patrick Hogan stated they are market rate. Ozzie Crisalli stated yes.
Patrick Hogan stated he knows they are limited in green space because of parking requirements. He asked if it is a requirement by the Town. Ozzie Crisalli stated it is a requirement of the town. He stated based on the activity and where the market is they would love to be able to expand and do more with more density but it is not in the mix. He stated they spent extra time and money making walk paths with pedestrian protection signals getting the tenants from the back of the property to the front of the property so they can walk safely.
[Literal native PDF text; original page 5; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Robert Petrovich asked for a description of the traffic improvements that are going to happen at the intersection and an estimate of the value of the improvements being done in support of this project. Ozzie Crisalli stated they are spending $980,000 which 3 years ago started at $475,000. He displayed a map and stated the pink section on Route 31 east and west and Henry Clay Boulevard south and north is where they are widening the road and relocating power poles. He stated the green is the turning lane and they are going 250 feet from the intersection southbound on Henry Clay and doing 150 feet north from the intersection line north on Henry Clay. Michael Arcuri stated that intersection already has a failing grade for traffic so there is already problems with the existing conditions so with their improvements they are actually improving the traffic score after improvements are done.
Ozzie Crisalli stated upon completion, at the busiest time of day, this improvement will raise the level by one grade. He stated they are not just accommodating the project traffic, they are accommodating full intersection and all the residents that basically drive by their road. [Literal native PDF text; original page 5; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Jeff Davis asked about the timing on the pre-construction work. Ozzie Crisalli stated he thinks they will start the bidding process because being overseen by New York State DOT, it takes a little bit longer. Michael Arcuri stated it is a condition to get their CFC so it has to be done before even starting. Ozzie Crisalli stated they expect the first retail and the first residential will be about 14 months after they start and expect tenants in September. Jeff Davis asked if they have full local zoning approvals. Ozzie Crisalli stated yes. 3 Page5 4
Jeff Davis stated SEQR was done at the town so this Board will have to do their own SEQR determination because he does not think the Agency was an involved agency at the time that the local agency did their SEQR. He stated that will be reviewed at the next meeting.
Ozzie Crisalli stated b ased on the
county
On
Plan , they
think they
hit three strong centers ;
housing and neighborhoods, community mobil ity, and they
don't have much green space, but what they do have they
allocated for tenant use .
Upon a motion by
Janice Herzog,
seconded by Cydney Johnson,
the OCIDA Board approved a resolution authorizing a public hearing for QP2 Properties, LLC project. Motion was carried.
- 22 -
Jeff Davis stated w hen this project was before the Board previously
and ent er ed
into the financing and mortgage for it,
executed termination agreements with regard to the
financing. He stated the company is now coming back for additiona l financing and requesting the Agency
enter into further documents to subordinate with r egard to the existing mortgage and the new financing .
Robert Petrovich asked if it is ministerial. Jeff Davis stated yes but
it is required to accommodate that. He stated the board is approving working with Agency Counsel and the executive to go through
and execute the documents.
Upon a motion by Janice Herzog, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing execution and delivery of documents for the Fayette Manlius LLC project. Motion was carried.
SOUTHWORTH MILTON INC.
(d/b/a MILTON CAT) (3101 - 20 -
Brad Farrin stated they are looking to increase their
sales and use exemption . He stated the cost of
business has gone up since they s tarted the facility
a nd they are
close to finishing but they would
like a dditional assistance.
Page6 [Literal native PDF text; original page 6; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Jeff Davis stated SEQR was done at the town so this Board will have to do their own SEQR determination because he does not think the Agency was an involved agency at the time that the local agency did their SEQR. He stated that will be reviewed at the next meeting. Ozzie Crisalli stated based on the county On Plan, they think they hit three strong centers; housing and neighborhoods, community mobility, and they don't have much green space, but what they do have they allocated for tenant use.
Upon a motion by Janice Herzog, seconded by Cydney Johnson, the OCIDA Board approved a resolution authorizing a public hearing for QP2 Properties, LLC project. Motion was carried. [Literal native PDF text; original page 6; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified]
Jeff Davis stated when this project was before the Board previously and entered into the financing and mortgage for it, OCIDA executed termination agreements with regard to the financing. He stated the company is now coming back for additional financing and requesting the Agency enter into further documents to subordinate with regard to the existing mortgage and the new financing.
Robert Petrovich asked if it is ministerial. Jeff Davis stated yes but it is required to accommodate that. He stated the board is approving working with Agency Counsel and the executive to go through and execute the documents.
Upon a motion by Janice Herzog, seconded by Kevin Ryan, the OCIDA Board approved a resolution authorizing execution and delivery of documents for the Fayette Manlius LLC project. Motion was carried.
SOUTHWORTH MILTON INC. (d/b/a MILTON CAT) (3101-20-18A) MODIFICATION
Brad Farrin stated they are looking to increase their sales and use exemption. He stated the cost of business has gone up since they started the facility and they are close to finishing but they would like additional assistance.
4 Page6 5
Patrick Hogan stated he thinks we all fairly well understand that.
Nancy Lowery stated a public hearing was held and there were no comments on this matter.
Upon a motion by Janice Herzog, seconded by Cydney
Johnson, the OCIDA Board approved a resolution authorizing an increase of the sales and use tax exemption for Southworth Milton, Inc. d/b/a Milton Cat. Motion was carried.
SYRACUSE HABITAT FOR HUMANITY PROPERTY DISPOSITION OF PROPERTY.
Sarah Bruc e stated she is the E xecutive D irector a t Syracuse Habitat for Humanity and she is here today to
request the disposi tion of four additional houses o n top of the houses
that had already come before the Board. She stated houses are located at 8502, 8623, 87 18 and 8722 Burnett Road
for their deconstruction program. She stated they started with the first houses in the last two weeks and the prog ram has been going very well. She stated they have
already sold many of the materials in the
restore
a nd they have
been getting phone calls
asking about windows and doors from the properties so the public is excited about the program as well.
She stated they are very fortunate to be doing this.
Pat rick Hogan stated we are pleased to have you and he
want s
to commen d Mr. P etrovich and the staff for thinking of this.
He stated Habitat for Humanity is one of his favorite organizations.
He stated they do a lot for the community that
he represents as City Council.
Upon a motion by Janice Herzog,
seconded by Cydney Joh nson,
the OCIDA Board approved a resolution authorizing disposition of property Motion was carried.
–
Robert Petrovich stated the Agency has undertaken the steps necessary for the demolition of the v acant home s along Burnett
R oad through the W hite P ine site.
He stated this latest authorization would be to provide the monitoring services necessary as part of the demolition activities.
He stated the request is to increase the amount of the Barton & Loguidice
contract by $50,000
a nd not to exceed that amount
s o we can move forward . He stated bids were received for the Page7 [Literal native PDF text; original page 7; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Patrick Hogan stated he thinks we all fairly well understand that.
Nancy Lowery stated a public hearing was held and there were no comments on this matter. Upon a motion by Janice Herzog, seconded by Cydney Johnson, the OCIDA Board approved a resolution authorizing an increase of the sales and use tax exemption for Southworth Milton, Inc. d/b/a Milton Cat. Motion was carried.
SYRACUSE HABITAT FOR HUMANITY PROPERTY DISPOSITION OF PROPERTY.
Sarah Bruce stated she is the Executive Director at Syracuse Habitat for Humanity and she is here today to request the disposition of four additional houses on top of the houses that had already come before the Board. She stated houses are located at 8502, 8623, 8718 and 8722 Burnett Road for their deconstruction program. She stated they started with the first houses in the last two weeks and the program has been going very well. She stated they have already sold many of the materials in the restore and they have been getting phone calls asking about windows and doors from the properties so the public is excited about the program as well. She stated they are very fortunate to be doing this.
Patrick Hogan stated we are pleased to have you and he wants to commend Mr. Petrovich and the staff for thinking of this. He stated Habitat for Humanity is one of hisfavorite organizations. He stated they do a lot for the community that he represents as City Council. [Literal native PDF text; original page 7; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Upon a motion by Janice Herzog, seconded by Cydney Johnson, the OCIDA Board approved a resolution authorizing disposition of property Motion was carried.
ENGINEERING SERVICES – CONTRACT AMENDMENT Robert Petrovich stated the Agency has undertaken the steps necessary for the demolition of the vacant homes along Burnett Road through the White Pine site. He stated this latest authorization would be to provide the monitoring services necessary as part of the demolition activities. He stated the request is to increase the amount of the Barton & Loguidice contract by $50,000 and not to exceed that amount so we can move forward. He stated bids were received for the 5 Page7 6
demolition earlier this week . He sated we are
v etting
the low bidder to make sure there are no issues with the bid
and he thinks we are in a p osition to ad vance that to the B oard for consideration at the August 10 meeting.
Upon a motion by
Janice Herzog,
seconded by Cydney
Johnson, the OCIDA Board approved a resolution an amendment to the contract for engineering services with Barton & Loguidic e in connection with the development of White Pine Commerce Park authorizing asbestos monitoring assistance in the amount not to exceed $50,000. Motion was carried.
- 23 -
Carson Henry stated he
would like to thank the B oard for making this project possible . He stated without the foresight the Board put into developing the infrastruct ure that i s here in developing the site as well as the incen tive package, the future they are building here
would
be impossible .
He stated he is going to start off today to talk a little bit about the background of M icron, why the project is needed, and some details of the project
itself. He stated Micron was
founded in
a basement
of a dentist's office back in 1978 and
since then
they have
grown into a large multinational corporation with 44,000
t eam members spread across the world.
He stated they are the fifth largest semi conductor company in the world a nd they
are also one of only two
semiconductor companies that offers a diverse portfolio of storage solutions that includes NAND and
. He stated they are
seeing a data transformation
going on
and more and more commonly
it is becoming data based . He stated they are seeing digitization of that , hyper connectivity
and the growth of AI. He stated
machine learning is driving all this growt h see n
here
and is driven from a lot of different places . He stated we see social media content on a day to day basis, but there's an industrial revolution happening as well
a nd that's led by mobility.
He stated our cars are increasingly becoming thi ngs like data centers on wheels. He stated the average car has on the low end 200
semiconductors and the high end has
3 , 000.
He stated a lot of those are made by Micron. He stat ed there are many different applications such as personalized health care, eat ing
and enterta inment, use of AR and VR is being
applied not only in industry, but also in education.
He stated we are going to see quite a bit of increased robotic applications
in agriculture.
He stated wh at that means for M icron is (referred to a graph on the screen) on the left shows the DRA M and NAND, which is what they primarily ma k e, that growth or that percentage
of the semiconductor industry has
grow n
from over 10% to ro ughly 30% in Page8 [Literal native PDF text; original page 8; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] demolition earlier this week. He sated we are vetting the low bidder to make sure there are no issues with the bid and he thinks we are in a position to advance that to the Board for consideration at the August 10 meeting.
Upon a motion by Janice Herzog, seconded by Cydney Johnson, the OCIDA Board approved a resolution an amendment to the contract for engineering services with Barton & Loguidice in connection with the development of White Pine Commerce Park authorizing asbestos monitoring assistance in the amount not to exceed $50,000. Motion was carried.
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Carson Henry stated he would like to thank the Board for making this project possible. He stated without the foresight the Board put into developing the infrastructure that is here in developing the site as well as the incentive package, the future they are building here would be impossible. He stated he is going to start off today to talk a little bit about the background of Micron, why the project is needed, and some details of the project itself. He stated Micron was founded in a basement of a dentist's office back in 1978 and since then they have grown into a large multinational corporation with 44,000 team members spread across the world. He stated they are the fifth largest semiconductor company in the world and they are also one of only two semiconductor companies that offers a diverse portfolio of storage solutions that includes NAND and DRAM. He stated they are seeing a data transformation going on and more and more commonly it is becoming data based. He stated they are seeing digitization of that, hyper connectivity and the growth of AI. He stated machine learning is driving all this growth seen here and is driven from a lot of different places. He stated we see social media content on a day to day basis, but there's an industrial revolution happening as well and that's led by mobility. He stated our cars are increasingly becoming things like data centers on wheels. He stated the average car has on the low end 200 semiconductors and the high end has 3,000. He stated a lot of those are made by Micron. He stated there are many different applications such as personalized health care, eating and entertainment, use of AR and VR is being applied not only in industry, but also in education. He stated we are going to see quite a bit of increased robotic applications in agriculture. He stated what that means for Micron is (referred to a graph on the screen) on the left shows the DRAM and NAND, which is what they primarily make, that growth or that percentage of the semiconductor industry has grown from over 10% to roughly 30% in [Literal native PDF text; original page 8; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] 6 Page8 7
the
last 20 years.
He stated that
really reflects that increase in memory storage
needed .
He stated we are going to see the industry double in the next 10 years.
He stated interesting fact is it took
50 years to go from zero to a $5 00
billi on profit ability industry
and it took 10 years to go from $500 billion to a trillion. He stated memory will be increasing but sadly the US share of DRAM manufacturing, which is wh at Micron is
going to make here in New York , has declined over the last fou r years
so
at this point
it
is only 2%
and that 2% is made by the Micron plant in Virginia. He stated with this p roduct and with
the plan t
in Idaho, that percentage will grow to over 10%. He stated they know there is
a question
with the IDA
about
how much of the products they
make in New York will be actually sold in New York an d while they don't release
specific data,
given the fact that memory is very
ambiguous and anything with a switch has it, they can safely assume that the amount th ey sell
i n
New York will be proportional to the New York State
economy .
Carson Henry stated all of this is really possible
thanks to the F ABS
Act, which includes grants, other incentives
and
the state and local incentives he will talk about today.
He stated that
really helps bridge the economic gap between manufacturing in Asia and manufacturing here . He
stated that is necessary for what they want to do. He stated it
is not just about money, it is
also about
addressing the ecosystem and the FABS Act has created
the framework for that so they
can build not only the workforce, but the supplier ecosystem necessary
for what they need to do .
He stated this is a summary (shared investment graph) of our investment plan to make here . He stated 4 fabs
totaling
2.4 million square feet of cleanroom
and over
9 , 000 direct jobs
and they expect that will create over 40,000 jobs in the community. He stated they will invest over $100 billion in this project. He stated t he first phase ,
fab 1 and 2,
w ill be roughly $51
billion and they will
invest $ 20 billion of that in the next 5 - 6 years. He stated the application today is just for fabs 1 and 2 a nd then they will come back i n roughly 10 years for fabs 3 and 4. He stated the reason for that is it is a very dynamic ind ustry and it makes sense for them
to do
the second p hase
of the application
when they are closer to building fabs 3 and 4. He stated they will see a peak at roughly 4,500 construction jobs
and that peak will last about 9 months . He stated there will be c on tinuous
construction as they
build out the
fabs and fill them with equipment based on market demand.
He stated they refresh their
equipment based o n the technology cycles they go through
roughly
every
18 months
so that is going to create a lot of opport unity in the community.
He stated he would like to thank the members of the B oard who are involved in the education industry
because part of what they
need to do is trai n the workforce of the future so the work they do is very much appreciated. He stated
on
the direct jobs, you will
see 1 ,300 jobs in the Page9 [Literal native PDF text; original page 9; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] the last 20 years. He stated that really reflects that increase in memory storage needed. He stated we are going to see the industry double in the next 10 years. He stated interesting fact is it took 50 years to go from zero to a $500 billion profitability industry and it took 10 years to go from $500 billion to a trillion. He stated memory will be increasing but sadly the US share of DRAM manufacturing, which is what Micron is going to make here in New York, has declined over the last four years so at this point it is only 2% and that 2% is made by the Micron plant in Virginia. He stated with this product and with the plant in Idaho, that percentage will grow to over 10%. He stated they know there is a question with the IDA about how much of the products they make in New York will be actually sold in New York and while they don't release specific data, given the fact that memory is very ambiguous and anything with a switch has it, they can safely assume that the amount they sell in New York will be proportional to the New York State economy.
[Literal native PDF text; original page 9; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Carson Henry stated all of this is really possible thanks to the FABS Act, which includes grants, other incentives and the state and local incentives he will talk about today. He stated that really helps bridge the economic gap between manufacturing in Asia and manufacturing here. He stated that is necessary for what they want to do. He stated it is not just about money, it is also about addressing the ecosystem and the FABS Act has created the framework for that so they can build not only the workforce, but the supplier ecosystem necessary for what they need to do. He stated this is a summary (shared investment graph) of our investment plan to make here. He stated 4 fabs totaling 2.4 million square feet of cleanroom and over 9,000 direct jobs and they expect that will create over 40,000 jobs in the community. He stated they will invest over $100 billion in this project. He stated the first phase, fab 1 and 2, will be roughly $51 billion and they will invest $20 billion of that in the next 5-6 years. He stated the application today is just for fabs 1 and 2 and then they will come back in roughly 10 years for fabs 3 and 4. He stated the reason for that is it is a very dynamic industry and it makes sense for them to do the second phase of the application when they are closer to building fabs 3 and 4. He stated they will see a peak at roughly 4,500 construction jobs and that peak will last about 9 months. He stated there will be continuous construction as they build out the fabs and fill them with equipment based on market demand. He stated they refresh their equipment based on the technology cycles they go through roughly every 18 months so that is going to create a lot of opportunity in the community. He stated he would like to thank the members of the Board who are involved in the education industry because part of what they need to do is train the workforce of the future so the work they do is very much appreciated. He stated on the direct jobs, you will see 1,300 jobs in the [Literal native PDF text; original page 9; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] 7 Page9 8
first 3
years , that will climb as they build out the first fab and it will go up to 9 , 000 jobs over the course of the project .
He stated just to reiterate,
this is all enabled by the in centives and the e cosystem that i s created by both federa l ,
state and local government. He stated he thinks this is an
interesting topic to a lot of people in the community
and that is their
preliminary site master plan.
He stated he wants to highlight a couple things. H e stated first they are
going to build f rom west to east
and the
first fab .
He showed on the map where the first fab will be located. He stated the properties in orange and red are going are going to be part of the application because t hose are necessary for the utility infrastructure th ey
n eed to build. He stated in pink they highlighted where they would do the construction fo r the second fab . He stated the proper ties in blue are not yet under control of OCIDA but they are not needed for 10 years so the re is plenty of time to work through that process. He stated a concern for the community is traffic and they are going to build multiple access points to the c ampus at full build out . He stated they expect to have roughl y
6
access points.
He stated 2 al ong Caughdenoy Road, one for service trucks and one for employees. He stated along Route 31 they expect to have 3 access points. He stated
there
is another one they are
planning
on the lower right corner of the map. He stated not shown on the map is pro perty they purchased for a Micron child care center. He stated that is less than 2 minutes away on Caughdenoy Road. He stated that also provides opportunity to expand not just for child care
but for health care and other community activities.
He stated they are trying to preserve as much green space as
they can because it is not only good for the environment, b ut also for employee enjoyment. He stated they like to ha ve places where people can walk and enjoy
the outdoors on their breaks.
He s tated for people who are d riving through the community, they will
put in berm s o it is a nice positive aesthetic. He stated b ecause we get snow up here, they will have a mix of surface and structured parking so people don’t have
to
wipe t heir car off all the time. He stated they know the community has a lot of different questions about the projects
s o they have scheduled in less than two weeks an
open house.
He stated it is designed to be informal
but there will be a formal
relatively short
presentation
to start . He stated there will be an exhibit and people can ask questions on topics they are most
interested in . He stated it is really intended to hear from the community and answer questions they might have.
He stated they look forward to seeing ever yone at the North Syracuse Junior High School
on Taft Road on August 1. He stated he wants to thank the IDA again to make their future possible.
Patrick Hogan stated he read a lot about Micron since it was mentioned they were
coming here a nd he
can't
be lieve how forward thinking they
are . He stated they are always ahead of the curve. He stated one of the examples is when he
read in the paper the
other day
about child care Page10 [Literal native PDF text; original page 10; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] first 3 years, that will climb as they build out the first fab and it will go up to 9,000 jobs over the course of the project. He stated just to reiterate, this is all enabled by the incentives and the ecosystem that is created by both federal, state and local government. He stated he thinks this is an interesting topic to a lot of people in the community and that is their preliminary site master plan. He stated he wants to highlight a couple things. He stated first they are going to build from west to east and the first fab. He showed on the map where the first fab will be located. He stated the properties in orange and red are going are going to be part of the application because those are necessary for the utility infrastructure they need to build. He stated in pink they highlighted where they would do the construction for the second fab. He stated the properties in blue are not yet under control of OCIDA but they are not needed for 10 years so there is plenty of time to work through that process. He stated a concern for the community is traffic and they are going to build multiple access points to the campus at full build out. He stated they expect to have roughly 6 access points. He stated 2 along Caughdenoy Road, one for service trucks and one for employees. He stated along Route 31 they expect to have 3 access points. He stated there is another one they are planning on the lower right corner of the map. He stated not shown on the map is property they purchased for a Micron child care center. He stated that is less than 2 minutes away on Caughdenoy Road. He stated that also provides opportunity to expand not just for child care but for health care and other community activities. He stated they are trying to preserve as much green space as they can because it is not only good for the environment, but also for employee enjoyment. He stated they like to have places where people can walk and enjoy the outdoors on their breaks. He stated for people who are driving through the community, they will put in berm so it is a nice positive aesthetic. He stated because we get snow up here, they will have a mix of surface and structured parking so people don’t have to wipe their car off all the time. He stated they know the community has a lot of different questions about the projects so they have scheduled in less than two weeks an open house. He stated it is designed to be informal but there will be a formal relatively short presentation to start. He stated there will be an exhibit and people can ask questions on topics they are most interested in. He stated it is really intended to hear from the community and answer questions they might have. He stated they look forward to seeing everyone at the North Syracuse Junior High School on Taft Road on August 1. He stated he wants to thank the IDA again to make their future possible. [Literal native PDF text; original page 10; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Patrick Hogan stated he read a lot about Micron since it was mentioned they were coming here and he can't believe how forward thinking they are. He stated they are always ahead of the curve. He stated one of the examples is when he read in the paper the other day about child care 8 Page10 9
problems among the population
of
people who want to work and
add more money to th eir families. He stated Micron has already made a step in that direction to provide child care services, so he wants to compliment Micron on that. He asked if that was a requirement as part of the CHIPS Act. Carson Henry stated it is an important part of the application b ut as Chairman Hogan
pointed out, it
i s just
as
important to community.
Janice Herzog stated healthcare in the future was mentioned. She asked what Micron’s thoughts are on that. Carson Henry stated it would be a partnership with c ommunity organizations but with their scale it made sense to build a family healthcare center for their
employees.
Jeff Davis stated for the B oard and for the public, the action in front of the B oard t oday is
inten t to be l ead agency for SEQR
purposes (S tate Environmental Quality Review Act ). He stated t his would be the first step in the process of the A gency declaring their intent to take the lead for the S tate part of the environmental review.
Upon a motion by Janice Her zog,
seconded by Kevin Ryan, the OCIDA Board approved a resolution declaring the Micron New York Semiconductor Manufacturing, LLC project a Type I action under SEQRA and the Agency’s intent to be Lead Agency for coordinated environmental review. Motion wa s carried.
Upon a motion by
Janice Herzog ,
seconded by Cydney Johnson ,
the OCIDA Board adjourned the meeting at 9:02
am. Motion was carrie d .
_____________ __ __________________
Nancy Lowery, Secretary
Page11 [Literal native PDF text; original page 11; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] problems among the population of people who want to work and add more money to their families. He stated Micron has already made a step in that direction to provide child care services, so he wants to compliment Micron on that. He asked if that was a requirement as part of the CHIPS Act. Carson Henry stated it is an important part of the application but as Chairman Hogan pointed out, it is just as important to community.
Janice Herzog stated healthcare in the future was mentioned. She asked what Micron’s thoughts are on that. Carson Henry stated it would be a partnership with community organizations but with their scale it made sense to build a family healthcare center for their employees. Jeff Davis stated for the Board and for the public, the action in front of the Board today is resolution to declare OCIDA’s intent to be lead agency for SEQR purposes (State Environmental Quality Review Act). He stated this would be the first step in the process of the Agency declaring their intent to take the lead for the State part of the environmental review. Upon a motion by Janice Herzog, seconded by Kevin Ryan, the OCIDA Board approved a resolution declaring the Micron New York Semiconductor Manufacturing, LLC project a Type I action under SEQRA and the Agency’s intent to be Lead Agency for coordinated environmental review. Motion was carried.
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Upon a motion by Janice Herzog, seconded by Cydney Johnson, the OCIDA Board adjourned the meeting at 9:02 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary 9 Page11 Revenue / Expense / Income Current Period Current YTD
Amount Current YTD Change to Budget Operating/Non-Op Revenue
Administrative Expense
(467,918)
Operating/Program Expense
(169,539)
Net Ordinary Income
-
Current YTD Prior YTD
-
Total
> 120 days Receivables 0-120 days July 31, 2023 Receivables Total
PHONE: 315.435.3770 • ECONOMICDEVELOPMENT@ONGOV.NET Current Assets Total Cash Less Pass Through Received Available Cash Page12 [Literal native PDF text; original page 12; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified]
PHONE: 315.435.3770 • ECONOMICDEVELOPMENT@ONGOV.NET July 31, 2023
Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating/Non-Op Revenue 149,681 2,002,222 1,472,880 529,342 Administrative Expense 46,274 348,082 816,000 (467,918) Operating/Program Expense 25,602 487,341 656,880 (169,539) Net Ordinary Income 77,805 1,166,800 - 1,166,800 [Literal native PDF text; original page 12; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Current Assets Current YTD Prior YTD Total Cash 5,954,375 4,173,738 Less Pass Through Received 306,566 - Available Cash 5,647,810 4,173,738 Receivables 265,054 110,438 Total 5,912,864 4,284,176 Receivables 0-120 days 260,264 > 120 days 4,790 Total 265,054 Page12 Onondaga County Industrial Development Agency Profit and Loss July 2023 Accrual Basis Friday, August 4, 2023 02:18 PM GMT-04:00 1/2
Income
Total 2116 Fees
Total 500 Operating Revenue
Total 501 Non-Operating Revenue
Total 534 Pilot & Pass Thru Revenue
Total Income $644,528.01
$644,528.01 Expenses
Total 6406 Other Professional Services
Total 6400 Operating Expense
Total 6450 Barclay Damon
Total 6440 Legal Fees
Total 6510 White Pine Commerce Park
Page13 [Literal native PDF text; original page 13; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Onondaga County Industrial Development Agency Profit and Loss July 2023
Income
2116.1 Agency Fees 27,042.00 2116.2 Application Fees 1,000.00 2116.3 WPCP Agency Fee 111,111.11 Total 2116 Fees 139,153.11 Total 500 Operating Revenue 139,153.11
2401 Interest Income 6,774.27 501.2 Other Non-Operating Revenue 144.97 Total 501 Non-Operating Revenue 6,919.24 527 Nat Grid Matching Grant 3,609.00
528.003 OHB Redev LLC Funds Pass Thru 598.00 Total 534 Pilot & Pass Thru Revenue 598.00 550 WPCP Pass Thru Revenue 494,248.66 Total Income $644,528.01 GROSS PROFIT $644,528.01 Expenses
6406 Other Professional Services 2,275.74 6406.50 Consulting Services 2,500.00 Total 6406 Other Professional Services 4,775.74 6407 Administrative Expense 46,273.69 6408 Meeting Expenses 608.27 6409 Conference Attendence 339.80 6410 Office Expense 752.48 Total 6400 Operating Expense 52,749.98
6450 Barclay Damon 3,975.00 6460 IDA General Legal 3,713.83 Total 6450 Barclay Damon 7,688.83 Total 6440 Legal Fees 7,688.83
6510 White Pine Commerce Park 250.00 6510.5 Insurance 3,452.33 6510.7 WPCP Marketing 5,750.79 Total 6510 White Pine Commerce Park 9,453.12 [Literal native PDF text; original page 13; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Page13 Accrual Basis Friday, August 4, 2023 02:18 PM GMT-04:00 1/2 Onondaga County Industrial Development Agency Profit and Loss July 2023 Accrual Basis Friday, August 4, 2023 02:18 PM GMT-04:00 2/2
6530 800 Hiawatha Blvd. West
Total 6530 800 Hiawatha Blvd. West
Total 6500 Agency Program Expenses
Total 6605 Pilot & Pass Thru Expenses
Total 6600 Non-Operating Expenses
Total 6610 WPCP Pass Thru Expenses
Total Expenses $566,722.42
$77,805.59
$77,805.59 Page14 [Literal native PDF text; original page 14; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Onondaga County Industrial Development Agency Profit and Loss July 2023
6530 800 Hiawatha Blvd. West 6530.1 Taxes 1,983.83 Total 6530 800 Hiawatha Blvd. West 1,983.83 Total 6500 Agency Program Expenses 11,436.95
6606 OHB Redev LLC Funds Pass Thru 598.00 Total 6605 Pilot & Pass Thru Expenses 598.00 Total 6600 Non-Operating Expenses 598.00
6610.1 Barclay Damon 180,277.78 6610.2 JMT 128,787.88 6610.6 Barton & Loguidice 185,183.00 Total 6610 WPCP Pass Thru Expenses 494,248.66 Total Expenses $566,722.42 NET OPERATING INCOME $77,805.59 NET INCOME $77,805.59 [Literal native PDF text; original page 14; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Page14 Accrual Basis Friday, August 4, 2023 02:18 PM GMT-04:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of July 31, 2023 Accrual Basis Friday, August 4, 2023 02:17 PM GMT-04:00 1/3
Current Assets Bank Accounts
-8,957.82
Total 200 Cash
Total Bank Accounts $5,954,375.48 Accounts Receivable 380 Accounts Rec.
Total 380 Accounts Rec.
Total Accounts Receivable $1,065,869.55 Other Current Assets
-2,925.00 Total 480 Prepaid Expenses -2,925.00 Total Other Current Assets $ -2,925.00 Total Current Assets $7,017,320.03 Fixed Assets
Total 101.1 WPCP GEIS
Total 101.3 Engineering Services
Page15 [Literal native PDF text; original page 15; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Onondaga County Industrial Development Agency Balance Sheet As of July 31, 2023
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 5,060,923.91 200.2 Cash - M & T Money Maker Savings 902,359.39 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 5,954,375.48 Total Bank Accounts $5,954,375.48 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 1,065,869.55 Total 380 Accounts Rec. 1,065,869.55 Total Accounts Receivable $1,065,869.55 Other Current Assets
480.4 Credit Balance on Card -2,925.00 Total 480 Prepaid Expenses -2,925.00 Total Other Current Assets $ -2,925.00 Total Current Assets $7,017,320.03 Fixed Assets
101 White Pines Commerce Park 2,503,051.37
101.101 CHA GEIS 1 267,452.05 101.102 CHA GEIS 2 219,439.36 101.104 GEIS Reg Plan Board Overview 19,797.74 Total 101.1 WPCP GEIS 506,689.15 101.2 WPCP Legal 69,774.25 101.3 Engineering Services 52,675.00 101.301 Temporary Access 4,055.44 101.4 Environmental/Demo Services 10,318.98 Total 101.3 Engineering Services 67,049.42
101.501 Land Purchases 1,160,063.57 101.502 Closing Costs 3,168.14 [Literal native PDF text; original page 15; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Page15 Accrual Basis Friday, August 4, 2023 02:17 PM GMT-04:00 1/3 Onondaga County Industrial Development Agency Balance Sheet As of July 31, 2023 Accrual Basis Friday, August 4, 2023 02:17 PM GMT-04:00 2/3
Total 101.5 Land Acquisition Costs
Total 101 White Pines Commerce Park
106.1 435 North Salina
106.3 435 North Salina Building
Total 106 North Salina Properties
107 800 Hiawatha
Total 100 Land
Total 104 Machinery & Equipment
-4,124.00
-113,870.00
Total Fixed Assets $34,965,232.74 Other Assets
Total Other Assets $1,641.76
$41,984,194.53
Liabilities Current Liabilities Accounts Payable
Total Accounts Payable $1,107,379.98 Other Current Liabilities
-0.34
Total 600.3 Onondaga County Loan
Page16 [Literal native PDF text; original page 16; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Onondaga County Industrial Development Agency Balance Sheet As of July 31, 2023
Total 101.5 Land Acquisition Costs 1,163,231.71 101.6 WPCP Marketing 2,984.34 Total 101 White Pines Commerce Park 4,312,780.24 106 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 5,569,125.74
104.1 Office Furniture 1,429.00 104.2 Equipment 4,589.00 Total 104 Machinery & Equipment 6,018.00 211 A/D Office Furniture -4,124.00 213 A/D Buildings -113,870.00 250 Investment in Real Property 29,508,083.00 Total Fixed Assets $34,965,232.74 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $41,984,194.53 [Literal native PDF text; original page 16; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified]
Liabilities Current Liabilities Accounts Payable 300 WPCP Pass Thru Payable 1,107,379.98 Total Accounts Payable $1,107,379.98 Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 348,081.10 600.102 Due to BD WPCP -0.34 600.204 OHB Redev LLC Funds 297,673.65 600.205 Exp Pay Prev Period 9,700.03 600.206 Mileage Reimbursement 0.34 600.208 BlueRock Energy Agreement Deposit 25,000.00 600.209 Syracuse Rail Overpayment 500.00 600.3 Onondaga County Loan 26,088,187.09 600.31 Accrued Interest - OC Note Payable 488,656.00 Total 600.3 Onondaga County Loan 26,576,843.09 [Literal native PDF text; original page 16; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Page16 Accrual Basis Friday, August 4, 2023 02:17 PM GMT-04:00 2/3 Onondaga County Industrial Development Agency Balance Sheet As of July 31, 2023 Accrual Basis Friday, August 4, 2023 02:17 PM GMT-04:00 3/3
Total 600 Accounts Payable
Total 601 PILOT and Pass Thru Payable
-4.20
-0.85
-0.81 Total 631.1 Towns -5.86
-27.47
-114,994.17 Total 631.3 Schools -115,021.64
-79,297.94
-63,517.97 Total 631 Due to Other Governments -257,843.41 Total Other Current Liabilities $27,032,426.47 Total Current Liabilities $28,139,806.45 Total Liabilities $28,139,806.45 Equity
Net Income
Total Equity $13,844,388.08
$41,984,194.53 Page17 [Literal native PDF text; original page 17; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Onondaga County Industrial Development Agency Balance Sheet As of July 31, 2023
Total 600 Accounts Payable 27,257,797.87
602 Pass Thru Payable 32,471.00 603 PILOT Pass Thru 1.01 Total 601 PILOT and Pass Thru Payable 32,472.01
631.12 Dewitt -4.20 631.145 Onondaga -0.85 631.15 Salina -0.81 Total 631.1 Towns -5.86
631.325 Jamesville-Dewitt -27.47 631.356 Syracuse -114,994.17 Total 631.3 Schools -115,021.64 631.4 Onondaga County -79,297.94 631.5 City of Syracuse -63,517.97 Total 631 Due to Other Governments -257,843.41 Total Other Current Liabilities $27,032,426.47 Total Current Liabilities $28,139,806.45 Total Liabilities $28,139,806.45 Equity 3900 Equity Unreserved 9,753,381.97 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 368,811.84 465 Equity - Unreserved 4,017.16 Net Income 1,372,338.48 Total Equity $13,844,388.08 TOTAL LIABILITIES AND EQUITY $41,984,194.53 [Literal native PDF text; original page 17; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Page17 Accrual Basis Friday, August 4, 2023 02:17 PM GMT-04:00 3/3
PAYMENT OF BILLS - SCHEDULE #484 August 10, 2023
1.
BROWN & BROWN OF NEW YORK, INC.*
$
Policy #3FF8282, Inv#12895286 2.
PARK STRATEGIES, LLC*
$
July 2023 Consulting Services, Inv#16588361 3.
BROWN & BROWN OF NEW YORK, INC.
$
Policy #3FF8282, Inv#12991977 4.
$
OCIDA Board Meeting, Inv#CV30863-1 5.
$
SEMICON West Expenses, Inv#5821350 6.
JMT OF NEW YORK, INC.
$
Roth Steel Brownfield Cleanup, Inv#36-104372 7.
$
2nd Q Copier Reimbursement, Inv#1146 8.
JMT OF NEW YORK, INC.
$
June 2023 Engineering Services 9.
$
June 2023 Legal Costs 10.
$
Roth Steel and OCIDA Legal 11.
$
OHB Redev LLC, Inv#5246137 12.
$
White Pine Commerce Park Demo, Inv#439957
$
*Ratification of Checks dated July 25, 2023 Page18 [Literal native PDF text; original page 18; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified]
PAYMENT OF BILLS - SCHEDULE #484 August 10, 2023 [Literal native PDF text; original page 18; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified]
1. BROWN & BROWN OF NEW YORK, INC.* $ 3,452.33 Policy #3FF8282, Inv#12895286 2. PARK STRATEGIES, LLC* $ 2,500.00 July 2023 Consulting Services, Inv#16588361 3. BROWN & BROWN OF NEW YORK, INC. $ 1,090.74 Policy #3FF8282, Inv#12991977 4. THE ONCENTER $ 1,449.75 OCIDA Board Meeting, Inv#CV30863-1 5. BOISE VALLEY ECONOMIC PARTNERSHIP $ 616.50 SEMICON West Expenses, Inv#5821350 6. JMT OF NEW YORK, INC. $ 14,041.85 Roth Steel Brownfield Cleanup, Inv#36-104372 7. ONONDAGA CIVIC DEVELOPMENT CORPORATION $ 604.06 2nd Q Copier Reimbursement, Inv#1146 8. JMT OF NEW YORK, INC. $ 128,787.88 June 2023 Engineering Services 9. BARCLAY DAMON LLP $ 177,777.78 June 2023 Legal Costs 10. BARCLAY DAMON LLP $ 3,566.25 Roth Steel and OCIDA Legal 11. BARCLAY DAMON LLP $ 1,224.50 OHB Redev LLC, Inv#5246137 12. SYRACUSE BLUE PRINT $ 25.00 White Pine Commerce Park Demo, Inv#439957 TOTAL $ 335,136.64 [Literal native PDF text; original page 18; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] *Ratification of Checks dated July 25, 2023 Page18
7.Total Project Cost
$
3 Land
$
8A. Job Retention 0 Site Work
$
8B: Job Creation 3 Building
$
(Next 3 Years) Furniture & Fixtures - $
Equipment - $
Engineering/Architecture Fees
$
Financial Charges
$
Legal Fees
$
Other
$
Management/Developer Fees - $
Community Investment /Abatement QP2 Properties, LLC Abatement Summary $1,514,275 Sales Tax Abatement $1,347,857 Mortgage Tax Abatement $166,418 Property Tax Relief (PILOT) $0 Community Investment $41,684,648 PILOT Payments $0 Project Wages Estimate $889,445 Construction Benefit Estimate $13,059,000 Employee Benefits Estimate $0 Total Project Cost $27,736,203 Investment:Abatement Ratio
:1
Onondaga County Industrial Development Agency
Project Summary Draft
North Syracuse Central School District New construction QP2 Properties, LLC Clay Project Description The project includes the construction of two (2) three-story residential apartment buildings, with 96 garden style apartments and various tenant amenities. The project includes six (6) garages representing 48 garage parking spaces. The project also includes three (3) commercial buildings totaling 33,200 square feet of commercial development.
Fiscal Impact ($)
Page19 [Literal native PDF text; original page 19; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Onondaga County Industrial Development Agency Project Summary Draft 7/7/2023 1. Project QP2 Properties, LLC 2. Project Number 3101-23-03A 3. Location Clay 4. School District North Syracuse Central School District 5. Tax Parcel(s) 045.-01-02.1 6. Project Type New construction 7.Total Project Cost $ 27,736,203 8. Total Jobs 3 Land $ 1,200,000 8A. Job Retention 0 Site Work $ 1,904,400 8B: Job Creation 3 Building $ 21,194,674 (Next 3 Years) Furniture & Fixtures $ - Equipment $ - Engineering/Architecture Fees $ 260,000 Financial Charges $ 1,878,500 Legal Fees $ 35,000 Other $ 1,263,629 Management/Developer Fees $ - [Literal native PDF text; original page 19; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Community Investment /Abatement QP2 Properties, LLC Project Description Fiscal Impact ($) Abatement Summary $1,514,275 Sales Tax Abatement $1,347,857 Mortgage Tax Abatement $166,418 Property Tax Relief (PILOT) $0 The project includes the construction of two (2) three-story residential apartment Community Investment $41,684,648 buildings, with 96 garden style apartments and various tenant amenities. The project PILOT Payments $0 includes six (6) garages representing 48 garage parking spaces. The project also Project Wages Estimate $889,445 includes three (3) commercial buildings totaling 33,200 square feet of commercial Construction Benefit Estimate $13,059,000 development. Employee Benefits Estimate $0 Total Project Cost $27,736,203 Investment:Abatement Ratio 27.53 :1 Page19 Onondaga County Industrial Development Agency
Page 1
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 exem ption 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
- a(3) of Article 8 of the New York Labor Law. The Agency hereby notifies the Appli cant 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 Coun ty 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 compa ny’s responsibility
to obtain and submit all necessary forms and documents.
5.
All projects approved
for benefits by the OCIDA Board will
close with the Agency within 6 - months of the induc ement date.
If this
schedule cannot be met, the applicant w ill need to submit a
closing schedule modification wr i tt en request
to the
Exe cutive Director that will be presented to OCIDA Board for consideration.
6.
When completed, return this A pplication 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 A pplication will not be considered by the Agency until the A pplication fee has been
received.
7.
The Agency will not give final approval for this Application until the Agency receives a completed NYS Full Environmental Assessment Form concerning the p roject
which is the subject of this Application.
The form is available at
http://www.dec.ny.gov/permits/6191.html .
8.
Please note the Public O fficers Law declares all records in the possession of the OCID A (with certain limited exceptions) are open to public inspection and
copying. If the Applicant is of the opinion
that there are elements of the p roject which are in the nature of trade secrets which, if disclosed
to the public or otherwise widely dissemi nated, 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 L aw, the OCIDA ma y also redact personal, private, and/or proprietary information from publicly disseminated documents.
9.
The Applicant will be required to pay the Agency Application fee and, if accepted as a project of the A gency, all administrative and legal fees as stated
in Section VI of the
Application.
Page20 [Literal native PDF text; original page 20; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified]
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.
[Literal native PDF text; original page 20; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] 5. All projects approved for benefits by the OCIDA Board will close with the Agency within 6-months of the inducement date. If this schedule cannot be met, the applicant will need to submit a closing schedule modification written request to the Executive Director that will be presented to OCIDA Board for consideration.
6. When completed, return this Application by mail or fax to the Agency at the address indicated below. A signed application may also be submitted electronically in PDF format to Nancy Lowery at nancylowery@ongov.net. An Application will not be considered by the Agency until the Application fee has been received.
7. The Agency will not give final approval for this Application until the Agency receives a completed NYS Full Environmental Assessment Form concerning the project which is the subject of this Application. The form is available at http://www.dec.ny.gov/permits/6191.html. [Literal native PDF text; original page 20; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] 8. Please note the Public Officers Law declares all records in the possession of the OCIDA (with certain limited exceptions) are open to public inspection and copying. If the Applicant is of the opinion that there are elements of the project which are in the nature of trade secrets which, if disclosed to the public or otherwise widely disseminated, would cause substantial injury to the Applicant’s competitive position, this Applicant must identify such elements in writing and request that such elements be kept confidential. In accordance with Article 6 of the Public Officer’s Law, the OCIDA may also redact personal, private, and/or proprietary information from publicly disseminated documents.
9. The Applicant will be required to pay the Agency Application fee and, if accepted as a project of the Agency, all administrative and legal fees as stated in Section VI of the Application. Onondaga County Industrial Development Agency Page 1 Page20 Onondaga County Industrial Development Agency
Page 2
10.
A complete A pplication consists of the following 9
items:
This
Application
Local Access
Agreement
Employment
Plan
Conflict of
Interest
A feasibility statement indicating the need for the requested
benefits
Description of P roject, Site Plans/Sketches, and
Maps
NYS Full Environmental Assessment
Form
A check payable to the Agency in the amount of
$1,000
A check payable to Barclay Damon LLP
in the amount of
$2,500
11.
This Application wa s ad opted by the OCIDA Board on January 18, 2022 .
Page21 [Literal native PDF text; original page 21; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified]
This Application Local Access Agreement Employment Plan Conflict of Interest A feasibility statement indicating the need for the requested benefits Description of Project, Site Plans/Sketches, and Maps NYS Full Environmental Assessment Form A check payable to the Agency in the amount of $1,000 A check payable to Barclay Damon LLP in the amount of $2,500 11. This Application was adopted by the OCIDA Board on January 18, 2022. Onondaga County Industrial Development Agency Page 2 Page21 Onondaga County Industrial Development Agency
Page 1
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 -
nancylowery@ongov.net
Please answe r all que stions. Use “None”, “Not Applicable” and “See Attached” where necessary.
Submittal Date:
_____________
A)
Applicant /Project Operator
i nformation
(c ompany receiving
benefits ) :
Applicant /Project Operator:
Click here to enter text.
Applicant/ Project Operator
Address:
Phone:
Fax:
Website:
E - mail:
Federal
ID#:
NAICS:
State and Year
of
Incorporation/Organization:
__________________________________________ Owner (if different from Applicant/Project
Operator ):
____________________________________
Owner Address :
Federal
ID#:
State and Year
of
Incorporation/Organization:
List of stockholders, members, or partners
of Owner:
________________________________________________________________________________
B)
Individual Completing
Application:
Name:
Title:
Address:
Phone:
Fax:
E - mail:
Page22 [Literal native PDF text; original page 22; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] It is the policy of the Agency that any project receiving benefits from the Onondaga County Industrial Development Agency will utilize 100% local contractors and local labor for the construction period of the project unless a waiver is granted in writing by the Agency. Return to:
Onondaga County Industrial Development Agency Attn: Nancy Lowery 333 W. Washington Street, Suite 130 Syracuse, NY 13202 Phone: 315-435-3770 | Fax: 315-435-3669 nancylowery@ongov.net
Please answer all questions. Use “None”, “Not Applicable” and “See Attached” where necessary.
Submittal Date: _____________ [Literal native PDF text; original page 22; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] A) Applicant/Project Operator information (company receiving benefits):
Applicant/Project Operator: Click here to enter text. QP2 Properties, LLC
Applicant/ Project Operator Address: 106 S. Main Street, North Syracuse, NY 13212 Phone: (315) 410-0373 Fax: (315) 410-0375 N/A Website: E-mail: ozzie@syracuserealtygroup.com Federal ID#: 26-1284821 NAICS: 531310 State and Year of Incorporation/Organization: __________________________________________ New York State - 2007 Owner (if different from Applicant/Project Operator): ____________________________________ Owner Address:
Federal ID#:
State and Year of Incorporation/Organization:
List of stockholders, members, or partners of Owner:
________________________________________________________________________________ B) Individual Completing Application:
Name: Orazio Crisalli Title: Member Address: 106 S. Main Street, North Syracuse, New York 13212 Phone: (315) 410-0373 Fax: (315) 410-0375 E-mail: ozzie@syracuserealtygroup.com Onondaga County Industrial Development Agency Page 1 Page22 Onondaga County Industrial Development Agency
Page 2
C)
Company Contact (if different from individual completing
application):
Name:
Title:
Address:
Phone:
Cell Phone :
E - mail:
D)
Company
Counsel:
Name
of
Attorney:
Firm
Name:
Address:
Phone:
Cell Phone :
E - mail:
E)
Business Organization (check appropriate
category):
☐
Corporation
☐
Partnership
☐
Public
Corporation
☐
Joint Venture
☐
Sole
Proprietorship
☐
Limited Liability Company
☐
Other
(please
specify):
Year
Established:
State in which Organization is
established:
F)
List all stockholders, members, or
partners with % of ownership greater than 5 % :
Name
% of
ownership
Page23 [Literal native PDF text; original page 23; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] C) Company Contact (if different from individual completing application): Name:
Title:
Address:
Phone: Cell Phone: E-mail:
D) Company Counsel:
Name of Attorney: Robert J. Smith Firm Name: Costello, Cooney & Fearon, PLLC Address: 211 West Jefferson Street, Suite 1, Syracuse, New York 13204 Phone: (315) 422-1152 Cell Phone: E-mail: rsmith@ccf-law.com E) Business Organization (check appropriate category):
☐ Corporation ☐Partnership ☐ Public Corporation ☐Joint Venture ☐ Sole Proprietorship ☐Limited Liability Company ☐ Other (please specify):
Year Established: 2007 State in which Organization is established: New York F) List all stockholders, members, or partners with % of ownership greater than 5%: Name % of ownership Orazio Crisalli 50% Michael Arcuri 50% Onondaga County Industrial Development Agency Page 2 Page23 Onondaga County Industrial Development Agency
Page 3
G)
Applicant Business
Description:
Estimated % of sales within
Onondaga
County:
_ ______________________________________ _
Estimated
% of sales outside Onondaga County but within New
York
State:
Estimated % of sales outside New York State but within
the
U.S.:
Estimated % of sales outside
the
U.S.:
(*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.
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 Benefi ciary received assistance from
Syracuse Industrial Development Agency (
) , 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
Company now a plaintiff or defendant in any civil or criminal litigation?
☐ Yes
☐ No
criminal offense (other than a minor traffic violation)?
☐ Yes
☐ No
Page24 [Literal native PDF text; original page 24; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] G) Applicant Business Description:
Estimated % of sales within Onondaga County: ________________________________________ 100% Estimated % of sales outside Onondaga County but within New York State: 0 Estimated % of sales outside New York State but within the U.S.: 0 Estimated % of sales outside the U.S.: 0 (*Percentage to equal 100%) H) Applicant History: If the answer to any of the following is “Yes”, please explain below. If necessary, attach additional information.
☐Yes ☐No plaintiff or defendant in any civil or criminal litigation?
criminal offense (other than a minor traffic violation)? ☐Yes ☐No 3. Has any person listed in Section I ever been in receivership or declared bankruptcy? Please attach any explanations. ☐Yes ☐No I) Has the Project Beneficiary received assistance from OCIDA, Syracuse Industrial Development Agency (SIDA), New York State or the Onondaga Civic Development Corporation (OCDC) in the past? If yes please attach an explanation and please give year, project name, and description of benefits and address of project.
☐Yes ☐No [Literal native PDF text; original page 24; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Onondaga County Industrial Development Agency Page 3 Page24 Onondaga County Industrial Development Agency
Page 4
A)
Project Location :
Location where the investment will take place. If C ompany is moving, the new location should be entered here and the current location should be in Section
I.
Address:
Legal Address
(if
different):
City:
Village/Town:
Zip
Code:
School
District:
Tax Map
Parcel
ID(s):
Full Market
Value :
____ _ ___________
Footage of Existing Building:
_________________
Census Tract:
___________________________________________________________________
B)
Type (Check all that
apply):
☐ New
c onstruction
☐ Purchase of machinery and/or
equipment
☐ Expansion/Addition to
current
facilities
☐ Brownfield/Remediated
Brownfield
☐ Renovation of
e xisting
facility
☐ LEED Certification
☐
Housing
Project
☐ Demolition and Construction
☐
Renewable Energy Project
☐ Acquisition of
e xisting
facility/propert y
☐
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 p age 14 )
*
For
a
Renewable Energy Project ( also s ee page 15 )
*
For
a Housing
Project (also see p age 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;
☐
(ii i ) the size of the lot upon which the Proje ct 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;
☐
(v i ) describe your method for site control (Own, lease, other).
and Site
Information
Page25 [Literal native PDF text; original page 25; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified]
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: Northeast corner of State Route 31 & Henry Clay Boulevard Legal Address (if different):
City: Clay Village/Town: Clay Zip Code: 13041 School District: North Syracuse Central Tax Map Parcel ID(s): 045.-01-02.1 Full Market Value: ________________ 1,200,000 Footage of Existing Building: _________________ N/A Census Tract: ___________________________________________________________________
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:
[Literal native PDF text; original page 25; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] 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. See Attachment #1 * 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: See Attachment #1 ☐ 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). [Literal native PDF text; original page 25; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Onondaga County Industrial Development Agency Page 4 Page25 Onondaga County Industrial Development Agency
Page 5
E)
Select Project t ype for all end users at P roject 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 )
☐
Housing
Project (
see
)
☐ Mixed Use
☐
Equipment
Purchase
☐
Facility for Aging
☐
Multi - Use Tenant
☐
Civic Facility (not for profit)
☐
Renewable Energy Project
( see
)
☐
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 P roject, please provide the following
information:
1.
Does the P roject consist of new construction or expansion or substantial renovation of an existing
facility?
☐ Yes
☐ No
2.
Will the P roject create new employment opportunities or retain existing jobs that may otherwise be
lost?
☐ Yes
☐ No
3.
Does the P roject beneficiary serve
a customer base primarily outside of Onondaga County?
☐ Yes
☐ No
H)
Will the completion of the P
roject 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?
_______________________________________________________
Page26 [Literal native PDF text; original page 26; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] 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. See Attachment #2 [Literal native PDF text; original page 26; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] 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. See Project Narrative (Attachment #1) [Literal native PDF text; original page 26; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] 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? _______________________________________________________ Planned Development District Approved & Site Plan approved Onondaga County Industrial Development Agency Page 5 Page26 Onondaga County Industrial Development Agency
Page 6
2.
Has the project received si te plan approval from the town or local planning board?
☐ Yes
☐ No
3.
If no, w hat is the anticipated approval date? ________________________________
4.
If y es, provide the Agency with a copy of the Planning Board’s approval resolution along with
the related SEQR determination. (NOTE: SEQR d etermination 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.
Page27 [Literal native PDF text; original page 27; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] 2. Has the project received site plan approval from the town or local planning board? ☐Yes ☐No 3. If no, what is the anticipated approval date? ________________________________ 4. If yes, provide the Agency with a copy of the Planning Board’s approval resolution along with the related SEQR determination. (NOTE: SEQR determination is required for final approval and sales tax agency appointment.) See Attachment #3
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.
Onondaga County Industrial Development Agency Page 6 Page27 Onondaga County Industrial Development Agency
Page 7
A)
Project Costs and
Finances
Description of Costs
Total Budget Amount
% of Total Budget to be P rocured in Onondaga County
Total Private Expenditure (should be less than or equal to total budget amount)
Land Acquisition
Site Work/Demo
Building Construction & Renovation
Furniture & Fixtures
Equipment *
Engineering/Architect s
Financial Charges
Legal
Other
Management/Developer Fees
Total Project Cost
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)
Capital
Costs
$
Project refinancing :
estimated amount
( For
refinancing of existing
debt
only)
$
Sources of Funds for Project Costs:
1.
Bank
Financing
$
_______________
2.
Equity (excluding equity that is attributed to
grants/tax
credits)
$
3.
Tax Exempt Bond Issuance
(if
applicable)
$
_______________
4.
Taxable
Bond Issuance
(if
applicable)
$
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A) Project Costs and Finances Description of Costs Total % of Total Total Private Expenditure Budget Budget to be (should be less than or Amount Procured in equal to total budget Onondaga amount) County Land Acquisition 1,200,000 100 1,200,000 Site Work/Demo 1,904,400 100 1,904,400 Building Construction 21,194,674 100 21,194,674 & Renovation Furniture & Fixtures Equipment* Engineering/Architect 260,000 100 260,000 sFinancial Charges 1,878,500 100 1,878,500 Legal 35,000 100 35,000 Other (5% contingency) 1,263,629 100 1,263,629 Management/Developer Fees Total Project Cost 27,736,203 100 27,736,203 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.
[Literal native PDF text; original page 28; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] B) TOTAL Capital Costs $ 27,736,203 Project refinancing: estimated amount (For refinancing of existing debt only) $0 Sources of Funds for Project Costs:
1. Bank Financing $ _______________
2. Equity (excluding equity that is attributed to grants/tax credits) $ 5,547,259 3. Tax Exempt Bond Issuance (if applicable) $ _______________ 0 4. Taxable Bond Issuance (if applicable) $ 0 Onondaga County Industrial Development Agency Page 7 Page28 Onondaga County Industrial Development Agency
Page 8
5.
Public Sources (Include sum total of all state and federal
grants
a nd
tax
credits)
$
- Identify each state and federal grant/credit:
$
$
$
6.
Total Sources of Funds for Project Costs
$ _______________
C)
Employment and Payroll
Information
*Full Time Equivalent (FTE) is defined as one employee working no less than 40 hours per week or two or more employees together working a total of 40 hours per week.
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:
Estimate the number of construction jobs to be created by this Project:
Estimate the average length of construction jobs to be created (months):
Current annual payroll at facility :
Please list, if any, benefits that will be available to either full and/or part time employees:
Average annual benefit paid by the company ($ or % salary) per FTE job:
Amount or percent of wage employees pay for benefits:
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:
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and tax credits) $ 0 -Identify each state and federal grant/credit:
$ $ $ 6. Total Sources of Funds for Project Costs $ _______________
C) Employment and Payroll Information *Full Time Equivalent (FTE) is defined as one employee working no less than 40 hours per week or two or more employees together working a total of 40 hours per week.
☐Yes ☐No If yes, provide number of FTE jobs at the facility:
[Literal native PDF text; original page 29; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] 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: 120 Estimate the average length of construction jobs to be created (months): 30 Months Current annual payroll at facility: 0 Please list, if any, benefits that will be available to either full and/or part time 401K, Healthcare, Dental, Parking, Performance bonuses employees:
Average annual benefit paid by the company ($ or % salary) per FTE job: 60% Amount or percent of wage employees pay for benefits: 40% 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:
3 Onondaga County Industrial Development Agency Page 8 Page29 Onondaga County Industrial Development Agency
Page 9
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 shou ld 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 addi tional information or a substitu te chart if you think
additional material would add clarity.
Please use this chart to illustrate the current employment:
Job Title/Category
Current Annual Pay
Current Employment (FTE)
Please use this chart to illustrate the projected employment growth:
Job Title/Category
Current Annual Pay
Jobs Created
Year 1
Jobs Created
Year 2
Jobs Created
Year 3
If you prefer , you may attach a job chart
of your own that outlines the job growth p rojections regarding the P roject.
E)
Financial Assistance sought ( estimated
values ):
☐
Real Property Tax Abatement
(PILOT):
☐
Mortgage Recording Tax Exemption (.75% of amount
mortgaged):
☐
Sales and Use Tax Exemption (4% Local, 4%
State):
☐
Tax Exempt Bond
Financing (Amount
Requested):
☐
Taxable Bond Financing (Amount
Requested):
Page30 [Literal native PDF text; original page 30; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] 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:
Job Title/Category Current Annual Pay Current Employment (FTE) none n/a n/a Please use this chart to illustrate the projected employment growth: Job Title/Category Current Annual Pay Jobs Created Jobs Created Jobs Created Year 1 Year 2 Year 3 Leasing Agent 39,500 1 0 0 Property Manager 43,500 1 0 0 [Literal native PDF text; original page 30; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] Maintenance Man 58,000 1 0 0 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):
☐ Mortgage Recording Tax Exemption (.75% of amount mortgaged): 166,418 ☐ Sales and Use Tax Exemption (4% Local, 4% State): 1,347,857 ☐ Tax Exempt Bond Financing (Amount Requested):
☐ Taxable Bond Financing (Amount Requested):
Onondaga County Industrial Development Agency Page 9 Page30 Onondaga County Industrial Development Agency
Page 10
F)
Mortgage Recording Tax Exemption Benefit Calculator: Amount of mortgage that w ould be subject to mortgage recording
tax:
Mortgage Amount (include sum total of construction/permanent/
bridge
financing):
$
Estimated Mortgage Recording Tax Exemption Benefit (product of
mortgage amount as indicated above ,
multiplied
by
.0075 ):
$
G)
Sales and Use Tax Benefit Calculator: Gross amount of costs for goods and services that are subject to State and local Sales and U se
T ax –
said amount to benefit from the Agency’s Sales and Use Tax exemption
benefit:
$
Estimated State
and local Sales and Use Tax Benefit (product of 8% multiplied by the figure, above) (This should mat ch the amount in section “E” on page 9 , this calculation only exists to help you with your estimate):
$
Page31 [Literal native PDF text; original page 31; source SHA256 159ade1c3edd50a7f1a3335c1c65a6561600d6ecfb1570e46e3748dc0ea5f251; extraction completeness unverified] 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): $ 22,188,944 Estimated Mortgage Recording Tax Exemption Benefit (product of mortgage amount as indicated above, multiplied by .0075): $ 166,418 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:
$ 16,848,205 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):
$ 1,347,857 Onondaga County Industrial Development Agency Page 10 Page31 Onondaga County Industrial Development Agency
Page 11
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 par t of this comp leted Application prior to the completed application being provided to the OCIDA Board.
A) PILOTS Estimate Table Worksheet
OCIDA estimate of c urrent v alue
New construction and renovation c osts
OCIDA estimate
of increase in value
OCIDA e stimated value of completed
project
OCIDA estimate of taxes
that would have been collected if the project did not occur
Scheduled PILOT payments
Year
Exemption %
County
Amount
Local
T
Amount
School
Amount
Total
Full Tax Payment w/o PILOT
Net Exemption
1
10 0
2
90
3
80
4
70
5
60
6
50
7
40
8
30
9
20
10
10
TOT AL
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 .
V: Estimate of Real Property Tax Abatement Benefits
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Section IV of this Application will be: (i) completed by IDA Staff based upon information contained within the Application, and (ii) provided to the Applicant for ultimate inclusion as part of this completed Application prior to the completed application being provided to the OCIDA Board.
A) PILOTS Estimate Table Worksheet OCIDA estimate of current value New construction and renovation costs OCIDA estimate of increase in value OCIDA estimated value of completed project OCIDA estimate of taxes that would have been collected if the project did not occur Scheduled PILOT payments PILOT Exemption County Local School Total Full Tax Net Exemption Year % PILOT PILOT PILOT PILOT Payment Amount Amount Amount w/o PILOT
Estimates provided are based on current property tax rates and assessment value (current as of date of application submission) and have been calculated by IDA staff.
Onondaga County Industrial Development Agency Page 11 Page32 Onondaga County Industrial Development Agency
Page 12
Tax
1.
Will t he cost of the retail portion of the P roject
exceed one - third of the total project cost ?
☐ Yes
☐ No
2.
Is the P roject 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 l east 1.25
t imes 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 th e predominate purpose of the P roject to make available good s 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
For Retail Projects Only
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For Retail Retail Projects Only Only Tax 1. Will the cost of the retail portion of the Project exceed one-third of the total project cost?
☐Yes ☐No 2. Is the Project located in a distressed area? A distressed area is a census tract that has a) a poverty rate of a least 20% or at least 20% of households receiving public assistance, and (b) an unemployment rate of least 1.25 times the statewide unemployment rate for the year to which the date relates. ☐Yes ☐No 3. Is the Project likely to attract a significant number of visitors from outside of the economic development region?
☐Yes ☐No 4. Is the predominate purpose of the Project to make available goods or services which would not, but for the Project, be reasonably accessible to the residents of the Town, City, County or Village of where the Project will be located. ☐Yes ☐No Onondaga County Industrial Development Agency Page 12 Page33
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