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PHONE: 315.435.3770 FAX: 315.435.3669 ONGOVED.COM Regular Meeting Agenda May 11, 2023 8:30 AM Call to Order the Regular Meeting of the Agency A. Approval of Minutes: April 13, 2023 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items:
Agency Action Requested:
a. A resolution of the Board authorizing disposition of property Representative: Robert Petrovich, OCIDA, Executive Director 2. Clinton’s Ditch Co-operative Company, Inc. (3101-23-04A) Initial Meeting Clinton's Ditch Co-operative Company, Inc. is proposing to expand their current facility in the Town of Cicero by adding an approximately 20,000 square foot truck repair facility, an approximately 120,000 square foot building addition and other ancillary interior and exterior amenities and sitework. The applicant is requesting exemptions from certain sales and use taxes, real property taxes real estate transfer taxes and mortgage recording taxes. Agency Action Requested:
a. A resolution of the Board to authorize a public hearing.
Representative: JonElle Baskin-Kelley, CFO Clintons Ditch Co-operative Company, Inc.
PHONE: 315.435.3770 FAX: 315.435.3669 ONGOVED.COM Regular Meeting Agenda May 11, 2023 8:30 AM Call to Order the Regular Meeting of the Agency A. Approval of Minutes: April 13, 2023 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items:
Agency Action Requested:
a. A resolution of the Board authorizing disposition of property Representative: Robert Petrovich, OCIDA, Executive Director 2. Clinton’s Ditch Co-operative Company, Inc. (3101-23-04A) Initial Meeting Clinton's Ditch Co-operative Company, Inc. is proposing to expand their current facility in the Town of Cicero by adding an approximately 20,000 square foot truck repair facility, an approximately 120,000 square foot building addition and other ancillary interior and exterior amenities and sitework. The applicant is requesting exemptions from certain sales and use taxes, real property taxes real estate transfer taxes and mortgage recording taxes. Agency Action Requested:
a. A resolution of the Board to authorize a public hearing.
Representative: JonElle Baskin-Kelley, CFO Clintons Ditch Co-operative Company, Inc. 3. Wallace Group, LLC/ 6808 Crossbow Drive, LLC (3101-23-04A) Initial Meeting 6808 Crossbow Drive, LLC and Wallace Group, LLC are proposing construction of an approximately 30,000 square foot warehouse and distribution building including approximately 2,500 square feet of office/show/training space in the Town of Dewitt. The
applicant is requesting exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes and mortgage recording taxes.
Agency Action Requested:
a. A resolution of the Board to authorize a public hearing.
Representative: Joshua W. Podkaminer, 6808 Crossbow Drive, LLC, JWP Commercial Page1
Agency Action Requested:
a. A resolution by the Board to appoint Sue Stanczck and Elizabeth Dreyfuss to the OCIDA Finance Committee Representative: Robert Petrovich, Executive Director, OCIDA
Cydney Johnson as Audit Committee Member Agency Action Requested:
a. A resolution by the Board to appoint Cydney Johnson to the OCIDA Audit Committee Representative: Robert Petrovich, Executive Director, OCIDA 3. Wallace Group, LLC/ 6808 Crossbow Drive, LLC (3101-23-04A) Initial Meeting 6808 Crossbow Drive, LLC and Wallace Group, LLC are proposing construction of an approximately 30,000 square foot warehouse and distribution building including approximately 2,500 square feet of office/show/training space in the Town of Dewitt. The
applicant is requesting exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes and mortgage recording taxes.
Agency Action Requested:
a. A resolution of the Board to authorize a public hearing.
Representative: Joshua W. Podkaminer, 6808 Crossbow Drive, LLC, JWP Commercial Page1
Agency Action Requested:
a. A resolution by the Board to appoint Sue Stanczck and Elizabeth Dreyfuss to the OCIDA Finance Committee Representative: Robert Petrovich, Executive Director, OCIDA
Cydney Johnson as Audit Committee Member Agency Action Requested:
a. A resolution by the Board to appoint Cydney Johnson to the OCIDA Audit Committee Representative: Robert Petrovich, Executive Director, OCIDA
Authorization to enter into purchase contracts for parcels of property Agency Action Requested:
a. A resolution of the Board authorize the adoption of a SEQRA determination. b. A resolution of the Board authorizing the Executive Director to exercise the option to enter into a purchase contract and any related documents with respect to parcels of property.
Representative: Robert Petrovich, Executive Director, OCIDA Adjourn Page2
Onondaga County Industrial Development Agency Regular Meeting Minutes April 13, 2023 A regular meeting of the Onondaga County Industrial Development Agency was held on Thursday, April 13, 2023 at 335 Montgomery Street, Syracuse, New York in the large conference room Floor 2M.
Patrick Hogan called the meeting to order at 8:30 am with the following:
PRESENT:
Patrick Hogan Janice Herzog Susan Stanczyk Kevin Ryan Fanny Villarreal Cydney Johnson Elizabeth Dreyfuss
ABSENT:
Authorization to enter into purchase contracts for parcels of property Agency Action Requested:
a. A resolution of the Board authorize the adoption of a SEQRA determination. b. A resolution of the Board authorizing the Executive Director to exercise the option to enter into a purchase contract and any related documents with respect to parcels of property.
Representative: Robert Petrovich, Executive Director, OCIDA Adjourn Page2
Onondaga County Industrial Development Agency Regular Meeting Minutes April 13, 2023 A regular meeting of the Onondaga County Industrial Development Agency was held on Thursday, April 13, 2023 at 335 Montgomery Street, Syracuse, New York in the large conference room Floor 2M.
Patrick Hogan called the meeting to order at 8:30 am with the following:
PRESENT:
Patrick Hogan Janice Herzog Susan Stanczyk Kevin Ryan Fanny Villarreal Cydney Johnson Elizabeth Dreyfuss
ABSENT:
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 Pat Basset, PBFF Drakes LLC Frank Fava, PBFF Drakes LLC Tim Fitzgerald, Harris Beach Anthony Bell, RPNY Solar 4, LLC Rick Moriarty, Post Standard APPROVAL OF REGULAR MEETING MINUTES – MARCH 23, 2023 Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved the regular meeting minutes of March 23, 2023. Motion was carried.
TREASURER’S REPORT Nate Stevens gave a brief review of the Treasurer’s Report for the month of March 2023. Page3 Susan Stanczyk asked if the WPC Marketing is new marketing money passed last month or is that follow up from before. Nate Stevens stated it was follow up from before.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved the Treasurer’s Report for the month of March 2023. Motion was carried.
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 Pat Basset, PBFF Drakes LLC Frank Fava, PBFF Drakes LLC Tim Fitzgerald, Harris Beach Anthony Bell, RPNY Solar 4, LLC Rick Moriarty, Post Standard APPROVAL OF REGULAR MEETING MINUTES – MARCH 23, 2023 Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved the regular meeting minutes of March 23, 2023. Motion was carried.
TREASURER’S REPORT Nate Stevens gave a brief review of the Treasurer’s Report for the month of March 2023. Page3 Susan Stanczyk asked if the WPC Marketing is new marketing money passed last month or is that follow up from before. Nate Stevens stated it was follow up from before.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved the Treasurer’s Report for the month of March 2023. Motion was carried.
Nate Stevens gave a brief review of the Payment of Bills Schedule #480. He stated that the last two months PILOT payments passed through our Agency in a total amount of over $6,100,000 so it really shows the IDA is producing money for tax jurisdictions.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved the Payment of Bills Schedule #480 for $21,867.50. Motion was carried.
Nate Stevens gave a brief review of the Payment of Bills Schedule #480. He stated that the last two months PILOT payments passed through our Agency in a total amount of over $6,100,000 so it really shows the IDA is producing money for tax jurisdictions.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved the Payment of Bills Schedule #480 for $21,867.50. Motion was carried.
The Conflict of Interest was circulated and Kevin Ryan reported a conflict with PBFF Drakes LLC.
The Conflict of Interest was circulated and Kevin Ryan reported a conflict with PBFF Drakes LLC.
Patrick Hogan stated he gladly welcomes Cydney Johnson and Elizabeth Dreyfuss to the Board and if they have any questions to please ask staff or the Board. He stated the IDA does great things.
Patrick Hogan stated he gladly welcomes Cydney Johnson and Elizabeth Dreyfuss to the Board and if they have any questions to please ask staff or the Board. He stated the IDA does great things.
Anthony Bell stated RPNY Solar 4 is a community solar energy developer with their headquarters in San Francisco, California. He stated the company is about 6 years old. He stated their portfolio projects include 66 megawatts in 22 projects operating in 7 states. He stated in terms of developing pipelines they have 560 megawatts across 15 states. He stated the New York pipeline alone has 2 operational with one in St. Lawrence County and one in Erie County. Page4
Anthony Bell stated RPNY Solar 4 is a community solar energy developer with their headquarters in San Francisco, California. He stated the company is about 6 years old. He stated their portfolio projects include 66 megawatts in 22 projects operating in 7 states. He stated in terms of developing pipelines they have 560 megawatts across 15 states. He stated the New York pipeline alone has 2 operational with one in St. Lawrence County and one in Erie County. Page4 He stated they have 3 projects currently under construction not including the one before the Board today. He stated they have 8 projects under various stages of development including this project across the state. He stated they are a developer, owner and operator so they develop the project, hold onto them through construction and the operational life of the project. He stated they are not a developer who goes through local permitting and approval process then sell to another developer. He stated they own and operate from start to finish and because of that they really invest in the community they develop in and try to be a good long term neighbor. He stated this project is a 2.75 megawatt project located on 12.4 acres of a larger 42 acre parcel in the Village of Minoa. He stated they received local approvals from the Village in September 2022. He stated they received their PDD approval and site plan approval in October 2022. He stated since then they have been working towards this PILOT effort, as well as working towards NTP (Notice To Proceed) giving their prime engineering procurement and construction contractor who is now working with them in their labor and materials procurement. He stated they have 3 projects currently under construction not including the one before the Board today. He stated they have 8 projects under various stages of development including this project across the state. He stated they are a developer, owner and operator so they develop the project, hold onto them through construction and the operational life of the project. He stated they are not a developer who goes through local permitting and approval process then sell to another developer. He stated they own and operate from start to finish and because of that they really invest in the community they develop in and try to be a good long term neighbor. He stated this project is a 2.75 megawatt project located on 12.4 acres of a larger 42 acre parcel in the Village of Minoa. He stated they received local approvals from the Village in September 2022. He stated they received their PDD approval and site plan approval in October 2022. He stated since then they have been working towards this PILOT effort, as well as working towards NTP (Notice To Proceed) giving their prime engineering procurement and construction contractor who is now working with them in their labor and materials procurement. Patrick Hogan asked how the local labor and materials procurement is going. Anthony Bell stated it is going very well and they are in the final legs of it. He stated he has talked with Mitch Latimer. He stated he thinks everything is getting wrapped up and secured by the end of the month. He stated the Board has their attestation from earlier that they fully intend to comply with the IDA’s local labor policy and local access policy. He stated they are still holding true to that.
Nancy Lowery stated the public hearing was held and there were no comments at that time but letters of support for the project and PILOT were received from the taxing jurisdictions. Patrick Hogan asked if RPNY manages all of their facilities. Anthony Bell stated yes and they own and operate them. He stated they have a consultant that helps them with landscaping and things like that and that would be aimed towards being local as well.
Jeff Davis stated this is a Type 1 action under SEQR and the Village of Minoa took lead agency for the project. He stated the notification letter to OCIDA never made it to us as it went to wrong address, but we would have consented to them being lead agency. He stated the resolution is recognizing the fact this is a Type 1 action and had we received the notification letter from the lead agency we would have consented to them being lead agency so the Board is reaffirming, accepting and adopting the negative declaration issued by the lead agency. Page5 Patrick Hogan asked how the local labor and materials procurement is going. Anthony Bell stated it is going very well and they are in the final legs of it. He stated he has talked with Mitch Latimer. He stated he thinks everything is getting wrapped up and secured by the end of the month. He stated the Board has their attestation from earlier that they fully intend to comply with the IDA’s local labor policy and local access policy. He stated they are still holding true to that.
Nancy Lowery stated the public hearing was held and there were no comments at that time but letters of support for the project and PILOT were received from the taxing jurisdictions. Patrick Hogan asked if RPNY manages all of their facilities. Anthony Bell stated yes and they own and operate them. He stated they have a consultant that helps them with landscaping and things like that and that would be aimed towards being local as well.
Jeff Davis stated this is a Type 1 action under SEQR and the Village of Minoa took lead agency for the project. He stated the notification letter to OCIDA never made it to us as it went to wrong address, but we would have consented to them being lead agency. He stated the resolution is recognizing the fact this is a Type 1 action and had we received the notification letter from the lead agency we would have consented to them being lead agency so the Board is reaffirming, accepting and adopting the negative declaration issued by the lead agency. Page5 Upon a motion by Susan Stanczyk, seconded by Fanny Villarreal, the OCIDA Board approved a resolution authorizing the adoption of SEQRA determination for the RPNY Solar 4, LLC project. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Fanny Villarreal, the OCIDA Board approved a resolution authorizing financial assistance the Agency will provide to include exemptions from certain real property taxes, real estate transfer taxes, sales and use taxes and mortgage recording taxes. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Fanny Villarreal, the OCIDA Board approved a resolution authorizing the adoption of SEQRA determination for the RPNY Solar 4, LLC project. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Fanny Villarreal, the OCIDA Board approved a resolution authorizing financial assistance the Agency will provide to include exemptions from certain real property taxes, real estate transfer taxes, sales and use taxes and mortgage recording taxes. Motion was carried.
Kevin Ryan stated he needs to abstain from this project application.
Pat Basset stated the project is 6, 3-story buildings and inside the buildings there are 27 apartments as well as 10 interior heated garages. He stated the buildings are elevator buildings and approximately 35,000 sq ft each of leasable area not counting the garages. He stated the buildings have security. He stated they have surveillance cameras and electronics that do not allow you in the building unless you have a fob. He stated there is a tablet in the foyer where you can dial the room/apartment number you are looking for and they can call back on their tablet inside their apartment and let you in. He stated they are heavy on protection and he brings it to the Board’s attention because it has been a huge sales feature and comfort zone. He stated that is why a lot of their tenants stay with them for years and they are proud of that. He stated the project is sitting on 22.1 acres and only using about 52% of the land because they are bordering some wetlands. He stated they went through the process to address run off and it is going into controlled areas to the north and west. He stated the Radisson community is a phenomenal area and it is not like anything he has seen in upstate New York. He stated it is a wonderful community where there are single family homes, apartments, townhomes and golf course community. He stated most of the Radisson amenities are for the Radisson population or homeowners only. He stated there is an association that takes care of all the facilities inside the Radisson community and they pay for that service which is fairly expensive. He stated the apartments are upscale, beautiful, cosmetically stunning. He stated landscaping will be stunning and they are very excited about it. He stated the existing complex has been full and they have had a waiting list for the last 5 years. He stated they are anxious to get this up and running
Kevin Ryan stated he needs to abstain from this project application.
Pat Basset stated the project is 6, 3-story buildings and inside the buildings there are 27 apartments as well as 10 interior heated garages. He stated the buildings are elevator buildings and approximately 35,000 sq ft each of leasable area not counting the garages. He stated the buildings have security. He stated they have surveillance cameras and electronics that do not allow you in the building unless you have a fob. He stated there is a tablet in the foyer where you can dial the room/apartment number you are looking for and they can call back on their tablet inside their apartment and let you in. He stated they are heavy on protection and he brings it to the Board’s attention because it has been a huge sales feature and comfort zone. He stated that is why a lot of their tenants stay with them for years and they are proud of that. He stated the project is sitting on 22.1 acres and only using about 52% of the land because they are bordering some wetlands. He stated they went through the process to address run off and it is going into controlled areas to the north and west. He stated the Radisson community is a phenomenal area and it is not like anything he has seen in upstate New York. He stated it is a wonderful community where there are single family homes, apartments, townhomes and golf course community. He stated most of the Radisson amenities are for the Radisson population or homeowners only. He stated there is an association that takes care of all the facilities inside the Radisson community and they pay for that service which is fairly expensive. He stated the apartments are upscale, beautiful, cosmetically stunning. He stated landscaping will be stunning and they are very excited about it. He stated the existing complex has been full and they have had a waiting list for the last 5 years. He stated they are anxious to get this up and running Page6 because they know they have more of the need down the road with the Micron plant. He stated the community could use more apartments right now to service those looking for apartments in that area.
Patrick Hogan stated we realize we are going to need a lot more housing in this area because of Micron. He stated he notices there is also a letter of support from Lysander Town Board adopting resolutions for the Drake’s Landing project seeking a PILOT agreement which is great. He asked for reasons why they need the PILOT. Pat Bassett stated it boils down to anything post Covid in the construction business is completely messed up. He stated nothing has been right ever since the Covid shutdown. He stated prices are really stupid and up until last year they couldn’t move forward with a project because of where their lumber was. He stated some of those things have come down to the point where it is now somewhat buildable but the biggest issue right now is the market rents. He stated the banks right now are looking very closely at what they are going to try and get for rents. He stated they have to be in a position to take a little hit in order to get financing for it. He stated banks don’t want to lend into a problem and if they think you are going to need to get crazy rents, even though some are getting it, they will never give you the financing. He stated they don’t want to lend into that type of a problem. Page6 because they know they have more of the need down the road with the Micron plant. He stated the community could use more apartments right now to service those looking for apartments in that area.
Patrick Hogan stated we realize we are going to need a lot more housing in this area because of Micron. He stated he notices there is also a letter of support from Lysander Town Board adopting resolutions for the Drake’s Landing project seeking a PILOT agreement which is great. He asked for reasons why they need the PILOT. Pat Bassett stated it boils down to anything post Covid in the construction business is completely messed up. He stated nothing has been right ever since the Covid shutdown. He stated prices are really stupid and up until last year they couldn’t move forward with a project because of where their lumber was. He stated some of those things have come down to the point where it is now somewhat buildable but the biggest issue right now is the market rents. He stated the banks right now are looking very closely at what they are going to try and get for rents. He stated they have to be in a position to take a little hit in order to get financing for it. He stated banks don’t want to lend into a problem and if they think you are going to need to get crazy rents, even though some are getting it, they will never give you the financing. He stated they don’t want to lend into that type of a problem. Patrick Hogan asked what the average rents is. Pat Bassett stated they are looking at $1,250 and $1,400 a month.
Patrick Hogan stated he lives in Tipperary Hill area and that is the about the rent in that neighborhood. He stated he understands the cost is severe and the critical need for housing in Central New York with what is coming down the pike. He stated this is essentially workforce housing. Pat Basset stated he doesn’t like to use that description but they have workers in the existing complex who work in the community. He stated the necessity to making sure these rents are palatable are important.
Robert Petrovich stated this project has been brought forward and are interested in advancing this for a consideration of benefits. He stated one of the important facets of this is we want to make sure it is consistent with the overall County development plan and also dove tails with localities of development plans and future planning needs. He stated one of the things that happened here is there has been iterative process of review and consultation with our planning department so we can support these kinds of projects in conformance with the overall plan which is very important Page7 Patrick Hogan asked what the average rents is. Pat Bassett stated they are looking at $1,250 and $1,400 a month.
Patrick Hogan stated he lives in Tipperary Hill area and that is the about the rent in that neighborhood. He stated he understands the cost is severe and the critical need for housing in Central New York with what is coming down the pike. He stated this is essentially workforce housing. Pat Basset stated he doesn’t like to use that description but they have workers in the existing complex who work in the community. He stated the necessity to making sure these rents are palatable are important.
Robert Petrovich stated this project has been brought forward and are interested in advancing this for a consideration of benefits. He stated one of the important facets of this is we want to make sure it is consistent with the overall County development plan and also dove tails with localities of development plans and future planning needs. He stated one of the things that happened here is there has been iterative process of review and consultation with our planning department so we can support these kinds of projects in conformance with the overall plan which is very important Page7 to the County Executive’s overall objectives for increasing housing in Onondaga County. He stated based on those considerations and the additional enhancements they have made in terms of connectivity/walkability within the property itself but also the trail systems. He stated they have done additional design work and construction to facilitate that. He stated the feeling is that supporting a PILOT makes sense.
Susan Stanczyk stated as a resident of that area there is a definite need for this and the location itself is a good location. She stated she is familiar with the other facilities they have built and they are solid, clean and well maintained. She stated it will always be maintained, look good, people want to live there and they are safe. She stated she thinks it is a good addition to the area. Janice Herzog asked if the resolution includes the PILOT. Robert Petrovich stated the real property taxes is the PILOT.
Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing a public hearing for PBFF Drakes LLC project. Motion was carried. ENGINEERING SERVICES – CONTRACT AUTHORIZATION to the County Executive’s overall objectives for increasing housing in Onondaga County. He stated based on those considerations and the additional enhancements they have made in terms of connectivity/walkability within the property itself but also the trail systems. He stated they have done additional design work and construction to facilitate that. He stated the feeling is that supporting a PILOT makes sense.
Susan Stanczyk stated as a resident of that area there is a definite need for this and the location itself is a good location. She stated she is familiar with the other facilities they have built and they are solid, clean and well maintained. She stated it will always be maintained, look good, people want to live there and they are safe. She stated she thinks it is a good addition to the area. Janice Herzog asked if the resolution includes the PILOT. Robert Petrovich stated the real property taxes is the PILOT.
Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing a public hearing for PBFF Drakes LLC project. Motion was carried. ENGINEERING SERVICES – CONTRACT AUTHORIZATION Robert Petrovich stated bringing this forward for the Board’s approval in support of White Pine and the work we are contemplating doing with respect to enhancing site readiness by removing the existing structures that exist along Burnet Road. He stated in order to do that we need to be able to assess the level of asbestos containing material, remove that material and prepare a design and bidding spec that will be run through County Planning to ultimately engage with a contractor to do the actual demolition. He stated these services accounting $193,600 is to advance that design, field work, bid spec preparation and laboratory analysis for collection of asbestos samples to confirm an amount and location of asbestos within each structure. He stated there are about 40 structures on the road.
Jeff Davis stated it is a Type 2 action under SEQR. He stated from an environmental standpoint the resolution includes the provisions of a typical Type 2 action.
Patrick Hogan asked how it worked out with the volunteer fire department. Robert Petrovich stated it worked out great and provided a number of public safety agencies access to these Page8 facilities over the last few months to do training. He stated those activities have been suspended. He stated we did try to contemplate doing some controlled burns for training purposes but unfortunately the required permitting and development of safety protocol specs became too onerous for them to want to consider that as well as the cost.
Robert Petrovich stated bringing this forward for the Board’s approval in support of White Pine and the work we are contemplating doing with respect to enhancing site readiness by removing the existing structures that exist along Burnet Road. He stated in order to do that we need to be able to assess the level of asbestos containing material, remove that material and prepare a design and bidding spec that will be run through County Planning to ultimately engage with a contractor to do the actual demolition. He stated these services accounting $193,600 is to advance that design, field work, bid spec preparation and laboratory analysis for collection of asbestos samples to confirm an amount and location of asbestos within each structure. He stated there are about 40 structures on the road.
Jeff Davis stated it is a Type 2 action under SEQR. He stated from an environmental standpoint the resolution includes the provisions of a typical Type 2 action.
Patrick Hogan asked how it worked out with the volunteer fire department. Robert Petrovich stated it worked out great and provided a number of public safety agencies access to these Page8 facilities over the last few months to do training. He stated those activities have been suspended. He stated we did try to contemplate doing some controlled burns for training purposes but unfortunately the required permitting and development of safety protocol specs became too onerous for them to want to consider that as well as the cost.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing a contract with Barton & Loguidice, D.P.C. in an amount of $193,600 for engineering services and support in connections with White Pine Commerce Park. Motion was
carried.
Robert Petrovich stated this is a housekeeping activity as it relates to a transition from LIBOR which is the London Interbank Offered Rate to SOFR which is a Secured Overnight Financing Rate which is now used in the US to benchmark the financing rates on borrowings. He stated in order to be in compliance with that, LIBOR no longer being used, they want to amend the documents for the use of SOFR. He stated it has no financial effect or changes anything except that aspect of the project.
Patrick Hogan stated we have had a similar situation at a prior meeting. Jeff Davis stated this is the third one.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution approving certain Bond modifications for the YMCA of Greater Syracuse, Inc. Project. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing a contract with Barton & Loguidice, D.P.C. in an amount of $193,600 for engineering services and support in connections with White Pine Commerce Park. Motion was
carried.
Robert Petrovich stated this is a housekeeping activity as it relates to a transition from LIBOR which is the London Interbank Offered Rate to SOFR which is a Secured Overnight Financing Rate which is now used in the US to benchmark the financing rates on borrowings. He stated in order to be in compliance with that, LIBOR no longer being used, they want to amend the documents for the use of SOFR. He stated it has no financial effect or changes anything except that aspect of the project.
Patrick Hogan stated we have had a similar situation at a prior meeting. Jeff Davis stated this is the third one.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution approving certain Bond modifications for the YMCA of Greater Syracuse, Inc. Project. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board adjourned the meeting at 8:56 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary Page9
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board adjourned the meeting at 8:56 am. Motion was carried.
_________________________________ Nancy Lowery, Secretary Page9
PHONE: 315.435.3770 • FAX: 315.435.3669 April 30, 2023
Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating/Non-Op Revenue 120,501 1,605,695 1,472,880 132,815 Administrative Expense 47,291 196,217 816,000 (619,783) Operating/Program Expense 52,417 327,682 656,880 (329,198) Net Ordinary Income 20,793 1,081,797 - 1,081,797
PHONE: 315.435.3770 • FAX: 315.435.3669 April 30, 2023
Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating/Non-Op Revenue 120,501 1,605,695 1,472,880 132,815 Administrative Expense 47,291 196,217 816,000 (619,783) Operating/Program Expense 52,417 327,682 656,880 (329,198) Net Ordinary Income 20,793 1,081,797 - 1,081,797 Current Assets Current YTD Prior YTD Total Cash 4,621,593 3,119,651 Less Pass Through Received - - Available Cash 4,621,593 3,119,651 Receivables 821,310 5,000 Grant Reimbursements - - Total 5,442,903 3,124,651 Receivables 0-120 days 821,310 > 120 days Total 821,310 Page10 Onondaga County Industrial Development Agency Profit and Loss April 2023 Current Assets Current YTD Prior YTD Total Cash 4,621,593 3,119,651 Less Pass Through Received - - Available Cash 4,621,593 3,119,651 Receivables 821,310 5,000 Grant Reimbursements - - Total 5,442,903 3,124,651 Receivables 0-120 days 821,310 > 120 days Total 821,310 Page10 Onondaga County Industrial Development Agency Profit and Loss April 2023
Income
2116.3 WPCP Agency Fee 111,111.11 Total 2116 Fees 111,111.11 2410 Lease Income 3,672.90 Total 500 Operating Revenue 114,784.01
2401 Interest Income 2,997.37 501.2 Other Non-Operating Revenue 19.53 Total 501 Non-Operating Revenue 3,016.90 527 Nat Grid Matching Grant 2,700.00
528.003 OHB Redev LLC Funds Pass Thru 13,682.35 529 PILOT Income 30,256.46 Total 534 Pilot & Pass Thru Revenue 43,938.81 550 WPCP Pass Thru Revenue 306,565.66 Total Income $471,005.38 GROSS PROFIT $471,005.38 Expenses
6405 General Accounting 2,548.80
6406.50 Consulting Services 5,000.00 Total 6406 Other Professional Services 5,000.00 6407 Administrative Expense 47,291.03 6408 Meeting Expenses 338.69 6409 Conference Attendence 6,086.19 6410 Office Expense 2,139.74 Total 6400 Operating Expense 63,404.45
6460 IDA General Legal 2,475.00 6480 Roth Legal 120.00 Total 6450 Barclay Damon 2,595.00 Total 6440 Legal Fees 2,595.00
Income
2116.3 WPCP Agency Fee 111,111.11 Total 2116 Fees 111,111.11 2410 Lease Income 3,672.90 Total 500 Operating Revenue 114,784.01
2401 Interest Income 2,997.37 501.2 Other Non-Operating Revenue 19.53 Total 501 Non-Operating Revenue 3,016.90 527 Nat Grid Matching Grant 2,700.00
528.003 OHB Redev LLC Funds Pass Thru 13,682.35 529 PILOT Income 30,256.46 Total 534 Pilot & Pass Thru Revenue 43,938.81 550 WPCP Pass Thru Revenue 306,565.66 Total Income $471,005.38 GROSS PROFIT $471,005.38 Expenses
6405 General Accounting 2,548.80
6406.50 Consulting Services 5,000.00 Total 6406 Other Professional Services 5,000.00 6407 Administrative Expense 47,291.03 6408 Meeting Expenses 338.69 6409 Conference Attendence 6,086.19 6410 Office Expense 2,139.74 Total 6400 Operating Expense 63,404.45
6460 IDA General Legal 2,475.00 6480 Roth Legal 120.00 Total 6450 Barclay Damon 2,595.00 Total 6440 Legal Fees 2,595.00 Page11 Accrual Basis Wednesday, May 3, 2023 01:04 PM GMT-04:00 1/2 Onondaga County Industrial Development Agency Profit and Loss April 2023
6510.5 Insurance 33.00 6510.7 WPCP Marketing 33,675.17 Total 6510 White Pine Commerce Park 33,708.17 Total 6500 Agency Program Expenses 33,708.17
6606 OHB Redev LLC Funds Pass Thru 13,682.35 Total 6605 Pilot & Pass Thru Expenses 13,682.35 Total 6600 Non-Operating Expenses 13,682.35 Total Expenses $113,389.97 NET OPERATING INCOME $357,615.41 NET INCOME $357,615.41 Page11 Accrual Basis Wednesday, May 3, 2023 01:04 PM GMT-04:00 1/2 Onondaga County Industrial Development Agency Profit and Loss April 2023
6510.5 Insurance 33.00 6510.7 WPCP Marketing 33,675.17 Total 6510 White Pine Commerce Park 33,708.17 Total 6500 Agency Program Expenses 33,708.17
6606 OHB Redev LLC Funds Pass Thru 13,682.35 Total 6605 Pilot & Pass Thru Expenses 13,682.35 Total 6600 Non-Operating Expenses 13,682.35 Total Expenses $113,389.97 NET OPERATING INCOME $357,615.41 NET INCOME $357,615.41 Page12 Accrual Basis Wednesday, May 3, 2023 01:04 PM GMT-04:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of April 30, 2023
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 3,735,355.70 200.2 Cash - M & T Money Maker Savings 895,145.10 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 4,621,592.98 Total Bank Accounts $4,621,592.98 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 2,497,048.81 Total 380 Accounts Rec. 2,497,048.81 Total Accounts Receivable $2,497,048.81 Total Current Assets $7,118,641.79 Fixed Assets
101 White Pines Commerce Park 25,831,128.37
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 Total 101.5 Land Acquisition Costs 1,163,231.71 101.6 WPCP Marketing 2,954.34 Total 101 White Pines Commerce Park 27,640,827.24 106 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 Page12 Accrual Basis Wednesday, May 3, 2023 01:04 PM GMT-04:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of April 30, 2023
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 3,735,355.70 200.2 Cash - M & T Money Maker Savings 895,145.10 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 4,621,592.98 Total Bank Accounts $4,621,592.98 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 2,497,048.81 Total 380 Accounts Rec. 2,497,048.81 Total Accounts Receivable $2,497,048.81 Total Current Assets $7,118,641.79 Fixed Assets
101 White Pines Commerce Park 25,831,128.37
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 Total 101.5 Land Acquisition Costs 1,163,231.71 101.6 WPCP Marketing 2,954.34 Total 101 White Pines Commerce Park 27,640,827.24 106 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 Page13 Accrual Basis Wednesday, May 3, 2023 01:03 PM GMT-04:00 1/3 Onondaga County Industrial Development Agency Balance Sheet As of April 30, 2023
Total 100 Land 28,897,172.74
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 -3,493.00 213 A/D Buildings -97,603.00 250 Investment in Real Property 6,180,006.00 Total Fixed Assets $34,982,100.74 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $42,102,384.29 Page13 Accrual Basis Wednesday, May 3, 2023 01:03 PM GMT-04:00 1/3 Onondaga County Industrial Development Agency Balance Sheet As of April 30, 2023
Total 100 Land 28,897,172.74
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 -3,493.00 213 A/D Buildings -97,603.00 250 Investment in Real Property 6,180,006.00 Total Fixed Assets $34,982,100.74 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $42,102,384.29
Liabilities Current Liabilities Accounts Payable 300 WPCP Pass Thru Payable 901,381.57 Total Accounts Payable $901,381.57 Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 196,216.57 600.102 Due to BD WPCP 42,216.66 600.204 OHB Redev LLC Funds 327,868.15 600.205 Exp Pay Prev Period 13,521.03 600.206 Mileage Reimbursement 92.34 600.208 BlueRock Energy Agreement Deposit 25,000.00 600.209 Syracuse Rail Overpayment 500.00 600.3 Onondaga County Loan 26,088,187.09 600.31 Accrued Interest - OC Note Payable 2,129.00 Total 600.3 Onondaga County Loan 26,090,316.09 Total 600 Accounts Payable 26,695,730.84
603 PILOT Pass Thru 1.01 Total 601 PILOT and Pass Thru Payable 1.01
631.15 Salina -0.81 Total 631.1 Towns -0.81
Liabilities Current Liabilities Accounts Payable 300 WPCP Pass Thru Payable 901,381.57 Total Accounts Payable $901,381.57 Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 196,216.57 600.102 Due to BD WPCP 42,216.66 600.204 OHB Redev LLC Funds 327,868.15 600.205 Exp Pay Prev Period 13,521.03 600.206 Mileage Reimbursement 92.34 600.208 BlueRock Energy Agreement Deposit 25,000.00 600.209 Syracuse Rail Overpayment 500.00 600.3 Onondaga County Loan 26,088,187.09 600.31 Accrued Interest - OC Note Payable 2,129.00 Total 600.3 Onondaga County Loan 26,090,316.09 Total 600 Accounts Payable 26,695,730.84
603 PILOT Pass Thru 1.01 Total 601 PILOT and Pass Thru Payable 1.01
631.15 Salina -0.81 Total 631.1 Towns -0.81 Page14 Accrual Basis Wednesday, May 3, 2023 01:03 PM GMT-04:00 2/3 Onondaga County Industrial Development Agency Balance Sheet As of April 30, 2023
Total 631 Due to Other Governments -0.81 Total Other Current Liabilities $26,695,731.04 Total Current Liabilities $27,597,112.61 Total Liabilities $27,597,112.61 Equity 3900 Equity Unreserved 9,735,808.53 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 368,811.84 465 Equity - Unreserved 4,017.16 Net Income 2,050,795.52 Total Equity $14,505,271.68 TOTAL LIABILITIES AND EQUITY $42,102,384.29 Page14 Accrual Basis Wednesday, May 3, 2023 01:03 PM GMT-04:00 2/3 Onondaga County Industrial Development Agency Balance Sheet As of April 30, 2023
Total 631 Due to Other Governments -0.81 Total Other Current Liabilities $26,695,731.04 Total Current Liabilities $27,597,112.61 Total Liabilities $27,597,112.61 Equity 3900 Equity Unreserved 9,735,808.53 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 368,811.84 465 Equity - Unreserved 4,017.16 Net Income 2,050,795.52 Total Equity $14,505,271.68 TOTAL LIABILITIES AND EQUITY $42,102,384.29 Page15 Accrual Basis Wednesday, May 3, 2023 01:03 PM GMT-04:00 3/3 Page15 Accrual Basis Wednesday, May 3, 2023 01:03 PM GMT-04:00 3/3
PAYMENT OF BILLS - SCHEDULE #481 May 11, 2023
PAYMENT OF BILLS - SCHEDULE #481 May 11, 2023
1. CRYSTAL ROCK* $ 23.86 Inv#22976721, 4-16-23 2. ADVANCE MEDIA NEW YORK $ 1,821.05
3. BARCLAY DAMON LLP $ 14,928.00 OHB Redev LLC, Inv#5232894 4. BARCLAY DAMON LLP $ 7,743.75 IDA and Roth Steel Legal 5. PIRRO FUNERAL CARS, LLC $ 1,170.00 Albany Meeting 6. FEDEX $ 24.90 Inv#'s 8-087-57401, 8-094-80117, 8-109-14491 TOTAL $ 25,711.56 *Ratification of Check dated April 26, 2023 Page16 Page17 Page18 Page19 Page20 Page21 Page22 Page23 Page24 Page25
1. CRYSTAL ROCK* $ 23.86 Inv#22976721, 4-16-23 2. ADVANCE MEDIA NEW YORK $ 1,821.05
3. BARCLAY DAMON LLP $ 14,928.00 OHB Redev LLC, Inv#5232894 4. BARCLAY DAMON LLP $ 7,743.75 IDA and Roth Steel Legal 5. PIRRO FUNERAL CARS, LLC $ 1,170.00 Albany Meeting 6. FEDEX $ 24.90 Inv#'s 8-087-57401, 8-094-80117, 8-109-14491 TOTAL $ 25,711.56 *Ratification of Check dated April 26, 2023 Page16 Page17 Page18 Page19 Page20 Page21 Page22 Page23 Page24 Page25 Onondaga County Industrial Development Agency Project Summary Draft 5/10/2023 1. Project Clinton's Ditch Co-Operative Company Inc. 2. Project Number 3101-23-05A 3. Location Cicero 4. School District North Syracuse School District 090.-01-32.0,090.-01-33.0,090.-01-30.0,090.-01-31.0,090.- 6. Project Type Commercial
Onondaga County Industrial Development Agency Project Summary Draft 5/10/2023 1. Project Clinton's Ditch Co-Operative Company Inc. 2. Project Number 3101-23-05A 3. Location Cicero 4. School District North Syracuse School District 090.-01-32.0,090.-01-33.0,090.-01-30.0,090.-01-31.0,090.- 6. Project Type Commercial
7.Total Project Cost $ 31,418,264 8. Total Jobs 296 Land $ - 8A. Job Retention 281 Site Work $ 7,047,882 8B: Job Creation 15 Building $ 16,257,572 (Next 3 Years) Furniture & Fixtures $ 2,828,454 Equipment $ 739,223 Engineering/Architecture Fees $ 1,852,786 Financial Charges $ - Legal Fees $ - Other $ 2,692,346 Management/Developer Fees $ - Community Investment /Abatement Clinton's Ditch Co-Operative Company Inc. Project Description Fiscal Impact ($) Abatement Summary $2,364,095 7.Total Project Cost $ 31,418,264 8. Total Jobs 296 Land $ - 8A. Job Retention 281 Site Work $ 7,047,882 8B: Job Creation 15 Building $ 16,257,572 (Next 3 Years) Furniture & Fixtures $ 2,828,454 Equipment $ 739,223 Engineering/Architecture Fees $ 1,852,786 Financial Charges $ - Legal Fees $ - Other $ 2,692,346 Management/Developer Fees $ - Community Investment /Abatement Clinton's Ditch Co-Operative Company Inc. Project Description Fiscal Impact ($) Abatement Summary $2,364,095 Sales Tax Abatement $950,000 Mortgage Tax Abatement $150,000 Property Tax Relief (PILOT) $1,264,095 Clinton's Ditch Co-operative Company, Inc. is proposing to expand their current Community Investment $209,120,616 facility in the Town of Cicero by adding an approximately 20,000 square foot truck PILOT Payments 12 yrs $3,613,118 repair facility, an approximately 120,000 square foot building addition and other Project Wages Estimate (12 yrs) $200,204,499 ancillary interior and exterior amenities and sitework. Construction Benefit Estimate $4,353,000 Employee Benefits Estimate (12 years) $0 Total Project Cost $950,000 Investment:Abatement Ratio 88.46 :1 Page26 Clinton's Ditch Co-Operative Company Inc.
for 12 years Sales Tax Abatement $950,000 Mortgage Tax Abatement $150,000 Property Tax Relief (PILOT) $1,264,095 Clinton's Ditch Co-operative Company, Inc. is proposing to expand their current Community Investment $209,120,616 facility in the Town of Cicero by adding an approximately 20,000 square foot truck PILOT Payments 12 yrs $3,613,118 repair facility, an approximately 120,000 square foot building addition and other Project Wages Estimate (12 yrs) $200,204,499 ancillary interior and exterior amenities and sitework. Construction Benefit Estimate $4,353,000 Employee Benefits Estimate (12 years) $0 Total Project Cost $950,000 Investment:Abatement Ratio 88.46 :1 Page26 Clinton's Ditch Co-Operative Company Inc.
for 12 years OCIDA estimate of current market value $ 6,819,443 Projected investment $ 16,257,572 OCIDA estimate of increase in value $ 5,127,270 OCIDA estimated value after project is completed $ 11,946,713 Taxes that would have been collected if the project did not occur $ 2,784,019 Scheduled PILOT payments $ 3,613,118 OCIDA estimate of current market value $ 6,819,443 Projected investment $ 16,257,572 OCIDA estimate of increase in value $ 5,127,270 OCIDA estimated value after project is completed $ 11,946,713 Taxes that would have been collected if the project did not occur $ 2,784,019 Scheduled PILOT payments $ 3,613,118 County PILOT Full Tax Payment PILOT YEAR Exemption % Town School District Total PILOT Net Exemption Amount w/o PILOT 0 current $ 25,121.04 $ 25,720.54 $ 119,534.90 1 100% $ 30,605.79 $ 31,336.19 $ 145,633.33 $ 207,575.30 $ 363,642.99 $ 156,067.69 2 100% $ 31,217.90 $ 31,962.91 $ 148,545.99 $ 211,726.81 $ 370,915.85 $ 159,189.04 3 100% $ 31,842.26 $ 32,602.17 $ 151,516.91 $ 215,961.34 $ 378,334.16 $ 162,372.82 4 90% $ 34,921.08 $ 35,754.47 $ 166,167.05 $ 236,842.60 $ 385,900.85 $ 149,058.25 5 80% $ 38,110.32 $ 39,019.82 $ 181,342.58 $ 258,472.72 $ 393,618.86 $ 135,146.15 6 70% $ 41,413.16 $ 42,401.48 $ 197,058.67 $ 280,873.31 $ 401,491.24 $ 120,617.94 7 60% $ 44,832.86 $ 45,902.79 $ 213,330.87 $ 304,066.53 $ 409,521.07 $ 105,454.54 8 50% $ 48,372.79 $ 49,527.20 $ 230,175.13 $ 328,075.13 $ 417,711.49 $ 89,636.36 9 40% $ 52,036.39 $ 53,278.23 $ 247,607.83 $ 352,922.45 $ 426,065.72 $ 73,143.27 10 30% $ 55,827.18 $ 57,159.49 $ 265,645.77 $ 378,632.43 $ 434,587.03 $ 55,954.60 11 20% $ 59,748.78 $ 61,174.68 $ 284,306.18 $ 405,229.64 $ 443,278.77 $ 38,049.13 12 10% $ 63,804.92 $ 65,327.62 $ 303,606.75 $ 432,739.29 $ 452,144.35 $ 19,405.06 TOTAL $ 532,733.42 $ 545,447.05 $ 2,534,937.07 $ 3,613,117.54 $ 4,877,212.37 $ 1,264,094.83 County PILOT Full Tax Payment PILOT YEAR Exemption % Town School District Total PILOT Net Exemption Amount w/o PILOT 0 current $ 25,121.04 $ 25,720.54 $ 119,534.90 1 100% $ 30,605.79 $ 31,336.19 $ 145,633.33 $ 207,575.30 $ 363,642.99 $ 156,067.69 2 100% $ 31,217.90 $ 31,962.91 $ 148,545.99 $ 211,726.81 $ 370,915.85 $ 159,189.04 3 100% $ 31,842.26 $ 32,602.17 $ 151,516.91 $ 215,961.34 $ 378,334.16 $ 162,372.82 4 90% $ 34,921.08 $ 35,754.47 $ 166,167.05 $ 236,842.60 $ 385,900.85 $ 149,058.25 5 80% $ 38,110.32 $ 39,019.82 $ 181,342.58 $ 258,472.72 $ 393,618.86 $ 135,146.15 6 70% $ 41,413.16 $ 42,401.48 $ 197,058.67 $ 280,873.31 $ 401,491.24 $ 120,617.94 7 60% $ 44,832.86 $ 45,902.79 $ 213,330.87 $ 304,066.53 $ 409,521.07 $ 105,454.54 8 50% $ 48,372.79 $ 49,527.20 $ 230,175.13 $ 328,075.13 $ 417,711.49 $ 89,636.36 9 40% $ 52,036.39 $ 53,278.23 $ 247,607.83 $ 352,922.45 $ 426,065.72 $ 73,143.27 10 30% $ 55,827.18 $ 57,159.49 $ 265,645.77 $ 378,632.43 $ 434,587.03 $ 55,954.60 11 20% $ 59,748.78 $ 61,174.68 $ 284,306.18 $ 405,229.64 $ 443,278.77 $ 38,049.13 12 10% $ 63,804.92 $ 65,327.62 $ 303,606.75 $ 432,739.29 $ 452,144.35 $ 19,405.06 TOTAL $ 532,733.42 $ 545,447.05 $ 2,534,937.07 $ 3,613,117.54 $ 4,877,212.37 $ 1,264,094.83 Year 2023 2024 2025 2026 2027 2028 Jobs Current/Actuals 281 281 281 281 281 281 Creation Goals 0 0 2 6 7 Total Employment Goals 281 281 281 283 289 296 Project Tax Billing and Payment Schedule
Please contact OCIDA staff with any questions.
Property of the Onondaga County Industrial Development Agency, All Rights Reserved Page27 Year 2023 2024 2025 2026 2027 2028 Jobs Current/Actuals 281 281 281 281 281 281 Creation Goals 0 0 2 6 7 Total Employment Goals 281 281 281 283 289 296 Project Tax Billing and Payment Schedule
Please contact OCIDA staff with any questions.
Property of the Onondaga County Industrial Development Agency, All Rights Reserved Page27
1. In accordance with Section 224-a(8)(d) of Article 8 of the New York Labor Law, the Agency has identified that any “financial assistance” (within the meaning of Section 858 of the General Municipal Law) granted by the Agency to the Applicant consisting of sales and use tax exemption benefits, mortgage recording tax exemption benefits and real property tax exemption benefits, constitutes “public funds” within the meaning of Section 224-a(2)(b) of Article 8 of the New York Labor Law and such funds are not excluded under Section 224-a(3) of Article 8 of the New York Labor Law. The Agency hereby notifies the Applicant of the Applicant’s obligations under Section 224-a (8)(a) of Article 8 of the New York Labor Law. 2. Fill in all blanks using “none”, “not applicable” or “not available”. If you have any questions about the way to respond, please call the Onondaga County Industrial Development Agency (the “Agency” or “OCIDA”) at 315-435-3770.
3. If providing an estimate put “(est.)” after the figure or answer. If more space is needed to answer any specific question, attach a separate sheet.
4. If the OCIDA Board approves benefits, it is the company’s responsibility to obtain and submit all necessary forms and documents.
1. In accordance with Section 224-a(8)(d) of Article 8 of the New York Labor Law, the Agency has identified that any “financial assistance” (within the meaning of Section 858 of the General Municipal Law) granted by the Agency to the Applicant consisting of sales and use tax exemption benefits, mortgage recording tax exemption benefits and real property tax exemption benefits, constitutes “public funds” within the meaning of Section 224-a(2)(b) of Article 8 of the New York Labor Law and such funds are not excluded under Section 224-a(3) of Article 8 of the New York Labor Law. The Agency hereby notifies the Applicant of the Applicant’s obligations under Section 224-a (8)(a) of Article 8 of the New York Labor Law. 2. Fill in all blanks using “none”, “not applicable” or “not available”. If you have any questions about the way to respond, please call the Onondaga County Industrial Development Agency (the “Agency” or “OCIDA”) at 315-435-3770.
3. If providing an estimate put “(est.)” after the figure or answer. If more space is needed to answer any specific question, attach a separate sheet.
4. If the OCIDA Board approves benefits, it is the company’s responsibility to obtain and submit all necessary forms and documents.
5. 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.
5. All projects approved for benefits by the OCIDA Board will close with the Agency within 6-months of the inducement date. If this schedule cannot be met, the applicant will need to submit a closing schedule modification written request to the Executive Director that will be presented to OCIDA Board for consideration.
6. When completed, return this Application by mail or fax to the Agency at the address indicated below. A signed application may also be submitted electronically in PDF format to Nancy Lowery at nancylowery@ongov.net. An Application will not be considered by the Agency until the Application fee has been received.
7. The Agency will not give final approval for this Application until the Agency receives a completed NYS Full Environmental Assessment Form concerning the project which is the subject of this Application. The form is available at http://www.dec.ny.gov/permits/6191.html.
8. Please note the Public Officers Law declares all records in the possession of the OCIDA (with certain limited exceptions) are open to public inspection and copying. If the Applicant is of the opinion that there are elements of the project which are in the nature of trade secrets which, if disclosed to the public or otherwise widely disseminated, would cause substantial injury to the Applicant’s competitive position, this Applicant must identify such elements in writing and request that such elements be kept confidential. In accordance with Article 6 of the Public Officer’s Law, the OCIDA may also redact personal, private, and/or proprietary information from publicly disseminated documents.
9. The Applicant will be required to pay the Agency Application fee and, if accepted as a project of the Agency, all administrative and legal fees as stated in Section VI of the Application. Page28
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.
Page29 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. Page28
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.
Page29 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
Syracuse, NY 13202 Phone: 315-435-3770 | Fax: 315-435-3669 nancylowery@ongov.net
Please answer all questions. Use “None”, “Not Applicable” and “See Attached” where necessary.
Submittal Date: _____________ It is the policy of the Agency that any project receiving benefits from the Onondaga County Industrial Development Agency will utilize 100% local contractors and local labor for the construction period of the project unless a waiver is granted in writing by the Agency. Return to:
Onondaga County Industrial Development Agency Attn: Nancy Lowery
Syracuse, NY 13202 Phone: 315-435-3770 | Fax: 315-435-3669 nancylowery@ongov.net
Please answer all questions. Use “None”, “Not Applicable” and “See Attached” where necessary.
Submittal Date: _____________ A) Applicant/Project Operator information (company receiving benefits):
Applicant/Project Operator: Click here to enter text.Clinton's Ditch Co-Operative Company, Inc.
Applicant/ Project Operator Address: 8478 Pardee Road, Cicero, NY 13039 Phone: 315-699-2695 Fax: 315-699-4215 Website: www.clintonsditch.com E-mail: jkelley@clintonsditch.com Federal ID#: 16-0926423 NAICS: 312111
State and Year of Incorporation/Organization: _________________________________________ Owner (if different from Applicant/Project Operator): ____________________________________ N/A Owner Address: N/A Federal ID#: 16-0926423 State and Year of Incorporation/Organization: NY 1967 List of stockholders, members, or partners of Owner:
________________________________________________________________________________ see attached list B) Individual Completing Application:
Name: JonElle Baskin-Kelley Title: CFO Address: 8478 Pardee Road, Cicero, NY 13039 Phone: 315-698-2306 Fax: 315-699-4215 E-mail: jkelley@clintonsditch.com Page30 A) Applicant/Project Operator information (company receiving benefits):
Applicant/Project Operator: Click here to enter text.Clinton's Ditch Co-Operative Company, Inc.
Applicant/ Project Operator Address: 8478 Pardee Road, Cicero, NY 13039 Phone: 315-699-2695 Fax: 315-699-4215 Website: www.clintonsditch.com E-mail: jkelley@clintonsditch.com Federal ID#: 16-0926423 NAICS: 312111
State and Year of Incorporation/Organization: _________________________________________ Owner (if different from Applicant/Project Operator): ____________________________________ N/A Owner Address: N/A Federal ID#: 16-0926423 State and Year of Incorporation/Organization: NY 1967 List of stockholders, members, or partners of Owner:
________________________________________________________________________________ see attached list B) Individual Completing Application:
Name: JonElle Baskin-Kelley Title: CFO Address: 8478 Pardee Road, Cicero, NY 13039 Phone: 315-698-2306 Fax: 315-699-4215 E-mail: jkelley@clintonsditch.com Page30 C) Company Contact (if different from individual completing application):
Name: Noelle Meyer Title: Accounting Manager Address: 8478 Pardee Road, Cicero, NY 13039 Phone: 315-699-2695 x115 Cell Phone:
E-mail: nmeyer@clintonsditch.com D) Company Counsel:
Name of Attorney: Hannah Redmond Firm Name: Bond Schoeneck & King Address: PO Box 11607, Syracuse, NY 13202 Phone: (315) 218-8000 Cell Phone:
E-mail: hredmond@bsk.com E) Business Organization (check appropriate category):
☐ Corporation ☐Partnership ☐ Public Corporation ☐Joint Venture ☐ Sole Proprietorship ☐Limited Liability Company ☐ Other (please specify):
Year Established: 1967 State in which Organization is established: NY F) List all stockholders, members, or partners with % of ownership greater than 5%: Name % of ownership Pepsi Cola of the Hudson Valley 20 Geneva Club Beverages / Pepsico 20 / 20 Pepsi Cola Ogdensburg 20 Fitgerald Brothers Beverages 20 Page31 G) Applicant Business Description:
Estimated % of sales within Onondaga County: ________________________________________ 11% C) Company Contact (if different from individual completing application):
Name: Noelle Meyer Title: Accounting Manager Address: 8478 Pardee Road, Cicero, NY 13039 Phone: 315-699-2695 x115 Cell Phone:
E-mail: nmeyer@clintonsditch.com D) Company Counsel:
Name of Attorney: Hannah Redmond Firm Name: Bond Schoeneck & King Address: PO Box 11607, Syracuse, NY 13202 Phone: (315) 218-8000 Cell Phone:
E-mail: hredmond@bsk.com E) Business Organization (check appropriate category):
☐ Corporation ☐Partnership ☐ Public Corporation ☐Joint Venture ☐ Sole Proprietorship ☐Limited Liability Company ☐ Other (please specify):
Year Established: 1967 State in which Organization is established: NY F) List all stockholders, members, or partners with % of ownership greater than 5%: Name % of ownership Pepsi Cola of the Hudson Valley 20 Geneva Club Beverages / Pepsico 20 / 20 Pepsi Cola Ogdensburg 20 Fitgerald Brothers Beverages 20 Page31 G) Applicant Business Description:
Estimated % of sales within Onondaga County: ________________________________________ 11% Estimated % of sales outside Onondaga County but within New York State: 61% Estimated % of sales outside New York State but within the U.S.: 28% 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 Page32
Estimated % of sales outside Onondaga County but within New York State: 61% Estimated % of sales outside New York State but within the U.S.: 28% 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 Page32
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: 8478 Pardee Road Legal Address (if different): N/A City: Cicero Village/Town: Town of Cicero Zip Code: 13039 School District: North Syracuse Tax Map Parcel ID(s): 090.-01-32.0, 090.-01-33.0, 090.-01-30.0, 090.-01-31.0, 090.-01-29.0 Full Market Value: ________________ 5,709,303 Footage of Existing Building: _________________ 274,000 sq ft
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:
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: 8478 Pardee Road Legal Address (if different): N/A City: Cicero Village/Town: Town of Cicero Zip Code: 13039 School District: North Syracuse Tax Map Parcel ID(s): 090.-01-32.0, 090.-01-33.0, 090.-01-30.0, 090.-01-31.0, 090.-01-29.0 Full Market Value: ________________ 5,709,303 Footage of Existing Building: _________________ 274,000 sq ft
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:
C) Project Narrative: A statement that there is a likelihood that the project would not be undertaken but for the financial assistance provided by the Agency or, if the project could be undertaken without financial assistance provided by the Agency, a statement indicating why the project should be undertaken by the agency.
* For a Retail Project (also see page 14) * For a Renewable Energy Project (also see page 15) * For a Housing Project (also see page 17) D) Description of Project: Please provide a detailed narrative of the proposed Project. Please separately attach the description and any copies of site plans, sketches or maps. This narrative should include, but is not limited to:
☐ i) a description of your Company’s background, customers, goods and services and the principal products to be produced and/or the principal activities that will occur on the Project site;
☐ (ii) the size of the Project in square feet and a breakdown of square footage per each intended use;
☐ (iii) the size of the lot upon which the Project sits or is to be constructed; ☐ (iv) the current use of the site and the intended use of the site upon completion of the Project;
☐ (vi) describe your method for site control (Own, lease, other).
Page33 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 C) Project Narrative: A statement that there is a likelihood that the project would not be undertaken but for the financial assistance provided by the Agency or, if the project could be undertaken without financial assistance provided by the Agency, a statement indicating why the project should be undertaken by the agency.
* For a Retail Project (also see page 14) * For a Renewable Energy Project (also see page 15) * For a Housing Project (also see page 17) D) Description of Project: Please provide a detailed narrative of the proposed Project. Please separately attach the description and any copies of site plans, sketches or maps. This narrative should include, but is not limited to:
☐ i) a description of your Company’s background, customers, goods and services and the principal products to be produced and/or the principal activities that will occur on the Project site;
☐ (ii) the size of the Project in square feet and a breakdown of square footage per each intended use;
☐ (iii) the size of the lot upon which the Project sits or is to be constructed; ☐ (iv) the current use of the site and the intended use of the site upon completion of the Project;
☐ (vi) describe your method for site control (Own, lease, other).
Page33 E) Select Project type for all end users at Project site (you may check more than one): **Please check any and all end users as identified below ☐ Industrial ☐Bank Office ☐ Acquisition of Existing Facility ☐Retail ( see page 14) ☐ Housing Project ( see page 17 ) ☐Mixed Use ☐ Equipment Purchase ☐Facility for Aging ☐ Multi-Use Tenant ☐Civic Facility (not for profit) ☐ Renewable Energy Project ( see page 15) ☐Other ______________________ ☐ Commercial F) If applicant will not occupy 100% of the building in a real estate transaction, provide information on tenant(s) that includes name, present address, and percentage of project to be leased, type of business organization, relationship to applicant, date and term of lease.
G) For the Agency to consider this Project, please provide the following information: 1. Does the Project consist of new construction or expansion or substantial renovation of an existing facility?
☐Yes ☐No 2. Will the Project create new employment opportunities or retain existing jobs that may otherwise be lost?
☐Yes ☐No 3. Does the Project beneficiary serve a customer base primarily outside of Onondaga County?
☐Yes ☐No ☐ Industrial ☐Bank Office ☐ Acquisition of Existing Facility ☐Retail ( see page 14) ☐ Housing Project ( see page 17 ) ☐Mixed Use ☐ Equipment Purchase ☐Facility for Aging ☐ Multi-Use Tenant ☐Civic Facility (not for profit) ☐ Renewable Energy Project ( see page 15) ☐Other ______________________ ☐ Commercial F) If applicant will not occupy 100% of the building in a real estate transaction, provide information on tenant(s) that includes name, present address, and percentage of project to be leased, type of business organization, relationship to applicant, date and term of lease.
G) For the Agency to consider this Project, please provide the following information: 1. Does the Project consist of new construction or expansion or substantial renovation of an existing facility?
☐Yes ☐No 2. Will the Project create new employment opportunities or retain existing jobs that may otherwise be lost?
☐Yes ☐No 3. Does the Project beneficiary serve a customer base primarily outside of Onondaga County?
☐Yes ☐No H) Will the completion of the Project result in the removal of an industrial or manufacturing plant of the company from one area of the state to another area of the state OR in the abandonment of one or more plants or facilities of the company located within the state? Please explain if you answer “Yes” by attaching a response.
☐Yes ☐No I) Please attach a description of any compelling circumstances the Agency should be aware of while reviewing this application.
J) Local Approvals (Site Plan and Environmental Review) 1. Have site plans been submitted to the appropriate town or local planning department? ☐Yes. What is the status? ☐No. When will the plans be submitted? _______________________________________________________ Approved for Phases 1 & 2, Phases 3 & 4 anticipated by 9/2/2023 Page34 H) Will the completion of the Project result in the removal of an industrial or manufacturing plant of the company from one area of the state to another area of the state OR in the abandonment of one or more plants or facilities of the company located within the state? Please explain if you answer “Yes” by attaching a response.
☐Yes ☐No I) Please attach a description of any compelling circumstances the Agency should be aware of while reviewing this application.
J) Local Approvals (Site Plan and Environmental Review) 1. Have site plans been submitted to the appropriate town or local planning department? ☐Yes. What is the status? ☐No. When will the plans be submitted? _______________________________________________________ Approved for Phases 1 & 2, Phases 3 & 4 anticipated by 9/2/2023 Page34 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? ________________________________ April 30, 2023 4. If yes, provide the Agency with a copy of the Planning Board’s approval resolution along with the related SEQR determination. (NOTE: SEQR determination is required for final approval and sales tax agency appointment.)
a. Please attach the appropriate Environmental Impact Forms to your application. Here is a link to the SEQR forms: http://www.dec.ny.gov/permits/6191.html b. Have any environmental issues been identified on the property?
☐Yes ☐No If yes, please attach an explanation.
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A) Project Costs and Finances 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? ________________________________ April 30, 2023 4. If yes, provide the Agency with a copy of the Planning Board’s approval resolution along with the related SEQR determination. (NOTE: SEQR determination is required for final approval and sales tax agency appointment.)
a. Please attach the appropriate Environmental Impact Forms to your application. Here is a link to the SEQR forms: http://www.dec.ny.gov/permits/6191.html b. Have any environmental issues been identified on the property?
☐Yes ☐No If yes, please attach an explanation.
Page35
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 Site Work/Demo 7,047,882.43 100% Building Construction 16,257,572.33 100% & Renovation Furniture & Fixtures 2,828,454.28 100% Equipment* 739,223 100% Engineering/Architect 1,852,785.70 100% sFinancial Charges Legal Other 2,692,346.01 100% Management/Developer Fees Total Project Cost 31,418,263.75 100% Note: Do not include OCIDA fees, OCIDA application fees or OCIDA legal fees as part of the Total Project Cost. You may attach a separate chart if needed.
B) TOTAL Capital Costs $ 31,418,263.75 Project refinancing: estimated amount (For refinancing of existing debt only) $ - 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 Site Work/Demo 7,047,882.43 100% Building Construction 16,257,572.33 100% & Renovation Furniture & Fixtures 2,828,454.28 100% Equipment* 739,223 100% Engineering/Architect 1,852,785.70 100% sFinancial Charges Legal Other 2,692,346.01 100% Management/Developer Fees Total Project Cost 31,418,263.75 100% Note: Do not include OCIDA fees, OCIDA application fees or OCIDA legal fees as part of the Total Project Cost. You may attach a separate chart if needed.
B) TOTAL Capital Costs $ 31,418,263.75 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) $ 7,500,000 3. Tax Exempt Bond Issuance (if applicable) $ _______________
Page36
and tax credits) $ 3,918,263.75 -Identify each state and federal grant/credit:
NYS CFA - Empire State Dev Grant Funds $ 3,918,263.75 $ $ 6. Total Sources of Funds for Project Costs $ _______________
Sources of Funds for Project Costs:
1. Bank Financing $ _______________
2. Equity (excluding equity that is attributed to grants/tax credits) $ 7,500,000 3. Tax Exempt Bond Issuance (if applicable) $ _______________
Page36
and tax credits) $ 3,918,263.75 -Identify each state and federal grant/credit:
NYS CFA - Empire State Dev Grant Funds $ 3,918,263.75 $ $ 6. Total Sources of Funds for Project Costs $ _______________
C) Employment and Payroll Information 1. A full time, permanent, private sector employee on the Company’s payroll, who has worked at the project location for a minimum of thirty hours per week for not less than four consecutive weeks and who is entitled to receive the usual and customary fringe benefits extended by Company to other employees with comparable rank, duties and hours; or 2. Up to three part time, permanent, private-sector employees on Company’s payroll, who have worked at the project location for a combined minimum of thirty hours per week for not less than four consecutive weeks and who are entitled to receive the usual and customary fringe benefits extended by Company to other employees with comparable rank, duties and hours.
☐Yes ☐No If yes, provide number of FTE jobs at the facility: 281
C) Employment and Payroll Information 1. A full time, permanent, private sector employee on the Company’s payroll, who has worked at the project location for a minimum of thirty hours per week for not less than four consecutive weeks and who is entitled to receive the usual and customary fringe benefits extended by Company to other employees with comparable rank, duties and hours; or 2. Up to three part time, permanent, private-sector employees on Company’s payroll, who have worked at the project location for a combined minimum of thirty hours per week for not less than four consecutive weeks and who are entitled to receive the usual and customary fringe benefits extended by Company to other employees with comparable rank, duties and hours.
☐Yes ☐No If yes, provide number of FTE jobs at the facility: 281
Estimate the number of FTE jobs to be retained as a result of this Project: 281 Estimate the number of construction jobs to 100 be created by this Project:
Estimate the average length of construction 12 jobs to be created (months):
Current annual payroll at facility: 18,106,841.66 Please list, if any, benefits that will be available to either full and/or part time medical, dental, DBL,life insurances, FSA, 401k match & profit sharing employees:
Average annual benefit paid by the company ($ or % salary) per FTE job: 87.5% Amount or percent of wage employees pay for benefits:
12.5% Provide an estimate of the number of residents in the Economic Development Region (Onondaga, Madison, Cayuga, 15 Oneida, Oswego, and Cortland Counties) to fill new FTE jobs:
Page37 Estimate the number of FTE jobs to be retained as a result of this Project: 281 Estimate the number of construction jobs to 100 be created by this Project:
Estimate the average length of construction 12 jobs to be created (months):
Current annual payroll at facility: 18,106,841.66 Please list, if any, benefits that will be available to either full and/or part time medical, dental, DBL,life insurances, FSA, 401k match & profit sharing employees:
Average annual benefit paid by the company ($ or % salary) per FTE job: 87.5% Amount or percent of wage employees pay for benefits:
12.5% Provide an estimate of the number of residents in the Economic Development Region (Onondaga, Madison, Cayuga, 15 Oneida, Oswego, and Cortland Counties) to fill new FTE jobs:
Page37 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) Steelworkers 41,100 187 Salaried Associates 73,200 52 Transportation 61,500 54 Please use this chart to illustrate the projected employment growth:
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) Steelworkers 41,100 187 Salaried Associates 73,200 52 Transportation 61,500 54 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 Building & Grounds Maint 90,500 1 Protective Service 50,000 3 Transportation 65,000 1 2 3 Manufacturing 55,000 1 4 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): 1,609,732 ☐ Mortgage Recording Tax Exemption (.75% of amount mortgaged): 150,000 ☐ Sales and Use Tax Exemption (4% Local, 4% State): 950,000 ☐ Tax Exempt Bond Financing (Amount Requested):
☐ Taxable Bond Financing (Amount Requested):
Page38 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): $ 20,000,000 Job Title/Category Current Annual Pay Jobs Created Jobs Created Jobs Created Year 1 Year 2 Year 3 Building & Grounds Maint 90,500 1 Protective Service 50,000 3 Transportation 65,000 1 2 3 Manufacturing 55,000 1 4 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): 1,609,732 ☐ Mortgage Recording Tax Exemption (.75% of amount mortgaged): 150,000 ☐ Sales and Use Tax Exemption (4% Local, 4% State): 950,000 ☐ Tax Exempt Bond Financing (Amount Requested):
☐ Taxable Bond Financing (Amount Requested):
Page38 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): $ 20,000,000 Estimated Mortgage Recording Tax Exemption Benefit (product of mortgage amount as indicated above, multiplied by .0075): $ 150,000 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:
$ 11,875,000 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):
$ 950,000 Page39
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 Estimated Mortgage Recording Tax Exemption Benefit (product of mortgage amount as indicated above, multiplied by .0075): $ 150,000 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:
$ 11,875,000 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):
$ 950,000 Page39
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.
Page40 PILOT Exemption County Local School Total Full Tax Net Exemption Year % PILOT PILOT PILOT PILOT Payment Amount Amount Amount w/o PILOT
Estimates provided are based on current property tax rates and assessment value (current as of date of application submission) and have been calculated by IDA staff.
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For Retail Retail Projects Only Only Tax 1. Will the cost of the retail portion of the Project exceed one-third of the total project cost?
☐Yes ☐No 2. Is the Project located in a distressed area? A distressed area is a census tract that has a) a poverty rate of a least 20% or at least 20% of households receiving public assistance, and (b) an unemployment rate of least 1.25 times the statewide unemployment rate for the year to which the date relates.
☐Yes ☐No 3. Is the Project likely to attract a significant number of visitors from outside of the economic development region?
☐Yes ☐No 4. Is the predominate purpose of the Project to make available goods or services which would not, but for the Project, be reasonably accessible to the residents of the Town, City, County or Village of where the Project will be located. ☐Yes ☐No Page41
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 Page41
Please complete the following as an addendum: P X, an 1. Describe the reasons why the Agency’s financial assistance is necessary. Describe how the Project would be affected if these benefits were not provided. [see Section II (C)]
☐ Yes, please provide a copy of the lease ☐ No, purchased the property. Please provide documentation.
3. Has the applicant provided written communication to the affected taxing jurisdictions notifying them of its intent to construct a renewable energy project?
☐ Yes ☐ No 4. Has the applicant received a letter of support for the megawatt cost to be used as a basis for the PILOT from the town, city or village where the Project is located?
☐ Yes. Please provide copy.
☐ No 5. Has the applicant received a letter of support for the megawatt cost to be used as a basis for PILOT from the school district?
☐ Yes. Please provide copy.
☐ No
☐ Yes ☐ No, if not, have you reached out to the town assessor to discuss a subdivision or slash parcel? Explain: ___________________________________________ 7. Will the applicant enter into a decommissioning plan with the host community, including financial assurance the plan can be executed?
☐ Yes, explain.
☐ No
Please complete the following as an addendum: P X, an 1. Describe the reasons why the Agency’s financial assistance is necessary. Describe how the Project would be affected if these benefits were not provided. [see Section II (C)]
☐ Yes, please provide a copy of the lease ☐ No, purchased the property. Please provide documentation.
3. Has the applicant provided written communication to the affected taxing jurisdictions notifying them of its intent to construct a renewable energy project?
☐ Yes ☐ No 4. Has the applicant received a letter of support for the megawatt cost to be used as a basis for the PILOT from the town, city or village where the Project is located?
☐ Yes. Please provide copy.
☐ No 5. Has the applicant received a letter of support for the megawatt cost to be used as a basis for PILOT from the school district?
☐ Yes. Please provide copy.
☐ No
☐ Yes ☐ No, if not, have you reached out to the town assessor to discuss a subdivision or slash parcel? Explain: ___________________________________________ 7. Will the applicant enter into a decommissioning plan with the host community, including financial assurance the plan can be executed?
☐ Yes, explain.
☐ No *PLEASE SEE FOLLOWING PAGE FOR OCIDA SOLAR GUIDANCE & BEST PRACTICE Page42 OCIDA Solar PILOTs Guidance and Best Practice OCIDA SOLAR PILOTs GUIDANCE AND BEST PRACTICE To be placed on the OCIDA meeting agenda, proposed solar projects must provide OCIDA with the following in advance of the Project’s first OCIDA meeting:
1. Fully completed OCIDA application.
2. Copy of Environmental Assessment Form.
3. A SEQR resolution approved by a local municipality indicating municipality will be lead agency, the type of action (I, II, or unlisted) and, if completed, the SEQR determination made by the municipality.
4. Copies of your zoning applications submitted to the local municipality.
5. Verification of parcel subdivision process with the town (if the entire parcel will not be used for the solar project).
6. A statement clarifying whether the applicant will lease or purchase the real property on which the Project is situated. If leased, provide a copy of the proposed or executed lease. If lease parcel is less then entire parcel then see 5 above.
7. A supporting document from the School District and the Town Board outlining the agreed upon cost per megawatt to be used as a basis for the PILOT. OCIDA cannot create the PILOT schedule without this information.
8. Absent a showing otherwise by the Company, deemed acceptable by the Agency in the sole and absolute discretion, the Company must close with the Agency on a project prior to consideration of any requested organizational structure or project entity ownership changes. *PLEASE SEE FOLLOWING PAGE FOR OCIDA SOLAR GUIDANCE & BEST PRACTICE Page42 OCIDA Solar PILOTs Guidance and Best Practice OCIDA SOLAR PILOTs GUIDANCE AND BEST PRACTICE To be placed on the OCIDA meeting agenda, proposed solar projects must provide OCIDA with the following in advance of the Project’s first OCIDA meeting:
1. Fully completed OCIDA application.
2. Copy of Environmental Assessment Form.
3. A SEQR resolution approved by a local municipality indicating municipality will be lead agency, the type of action (I, II, or unlisted) and, if completed, the SEQR determination made by the municipality.
4. Copies of your zoning applications submitted to the local municipality.
5. Verification of parcel subdivision process with the town (if the entire parcel will not be used for the solar project).
6. A statement clarifying whether the applicant will lease or purchase the real property on which the Project is situated. If leased, provide a copy of the proposed or executed lease. If lease parcel is less then entire parcel then see 5 above.
7. A supporting document from the School District and the Town Board outlining the agreed upon cost per megawatt to be used as a basis for the PILOT. OCIDA cannot create the PILOT schedule without this information.
8. Absent a showing otherwise by the Company, deemed acceptable by the Agency in the sole and absolute discretion, the Company must close with the Agency on a project prior to consideration of any requested organizational structure or project entity ownership changes. You will receive a draft Cost Benefit Analysis and a Draft PILOT schedule from this office. You may use these documents as your Project progresses through the OCIDA approval process. OCIDA staff are available to update these two documents as needed.
Page43 You will receive a draft Cost Benefit Analysis and a Draft PILOT schedule from this office. You may use these documents as your Project progresses through the OCIDA approval process. OCIDA staff are available to update these two documents as needed.
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Please complete the following as an addendum:
1. Describe the reasons why the Agency’s financial assistance is necessary. Describe how the project would be impacted if these benefits were not provided. [see Section II (C)] 2. Is the Project being built in a blighted area? Please describe.
3. Is the Project fulfilling an unmet need in the area? Please explain.
4. Please provide a market study documenting a need for such housing.
5. Is there support from local government officials for the Project and for the financial assistance being requested from the Agency? Please provide written documentation.
6. Is the Project considered infill in a populated area? Please explain.
8. Is there additional county infrastructure necessary to service the Project? If, yes, please explain. 9. Is the Project part of a larger mixed-use development? Please describe.
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In absence of a waiver permitting otherwise, every project seeking the assistance of the Onondaga County Industrial Development Agency (Agency) must use local general contractors, sub- contractors, and labor for one-hundred percent (100%) of the construction of new, expanded, or renovated facilities. The project’s construction or project manager need not be a local company.
Please complete the following as an addendum:
1. Describe the reasons why the Agency’s financial assistance is necessary. Describe how the project would be impacted if these benefits were not provided. [see Section II (C)] 2. Is the Project being built in a blighted area? Please describe.
3. Is the Project fulfilling an unmet need in the area? Please explain.
4. Please provide a market study documenting a need for such housing.
5. Is there support from local government officials for the Project and for the financial assistance being requested from the Agency? Please provide written documentation.
6. Is the Project considered infill in a populated area? Please explain.
8. Is there additional county infrastructure necessary to service the Project? If, yes, please explain. 9. Is the Project part of a larger mixed-use development? Please describe.
Page44
In absence of a waiver permitting otherwise, every project seeking the assistance of the Onondaga County Industrial Development Agency (Agency) must use local general contractors, sub- contractors, and labor for one-hundred percent (100%) of the construction of new, expanded, or renovated facilities. The project’s construction or project manager need not be a local company.
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