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315.435.3770 • ECONOMICDEVELOPMENT@ONGOV.NET Regular Meeting Agenda August 8, 2024 8:30AM Call to Order the Regular Meeting of the Agency A. Approval of Minutes: July 18, 2024 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items:
Ur-Ban Villages PFA, LLC is requesting an extension of the termination date of their sales and use tax exemption.
Agency Action Requested:
a. A resolution of the Board authorizing an extension of the sales and use tax exemption. Representative: Robert Petrovich, Executive Director
OCIDA Board to Appoint McKenna Moonan as Agency Assistant Secretary.
Agency Action Requested:
a. A resolution of the Board appointing McKenna Moonan as Agency Assistant Secretary. Representative: Robert Petrovich, Executive Director
Authorization to acquire property pursuant to the terms and conditions of a settlement. Agency Action Requested:
a. A resolution of the Board authorizing adoption of a SEQRA determination.
b. A resolution of the Board authorizing the Executive Director to enter into a settlement agreement and any related documents with respect to the purchase of property under threat of condemnation.
Representative: Robert Petrovich, Executive Director Adjourn Onondaga County Industrial Development Agency Regular Meeting Minutes July 18, 2024 A regular meeting of the Onondaga County Industrial Development Agency was held on Thursday, July 18, 2024, at 335 Montgomery Street, Floor 2M, Syracuse, New York.
Janice Herzog called the meeting to order at 8:33 AM with the following:
PRESENT:
Patrick Hogan Susan Stanczyk Janice Herzog Kevin Ryan Elizabeth Dreyfuss Cydney Johnson
ABSENT:
Fanny Villarreal
ALSO PRESENT:
Robert M. Petrovich, Executive Director Jeff Davis, Barclay Damon LLP Amanda Fitzgerald, Barclay Damon LLP Nate Stevens, Treasurer Alexis Rodriguez, Secretary McKenna Moonan, Office of Economic Development Chris Andreucci, Harris Beach LLP (via Zoom) Kevin McAuliffe, Barclay Damon LLP Amy Lawler, Old Thompson Road LLC JonElle Baskin-Kelly, Clinton’s Ditch Co-Operative Company, Inc John Anthony Dunn, Clinton’s Ditch Co-Operative Company, Inc APPROVAL OF REGULAR MEETING MINUTES- June 13, 2024 Upon motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved the regular meeting minutes of June 13, 2024. Motion was carried.
TREASURER’S REPORT Nate Stevens gave a brief overview of the Treasurer’s Report for the month of June 2024. Upon motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved the Treasurer’s Report for the month of June 2024. Motion was carried.
Nate Stevens gave a brief review of the Payment of Bills.
Upon motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved the Payment of Bills. Motion was carried.
The conflict of interest was circulated and the Agency counsel (Amanda Fitzgerald and Jeff Davis) of Barclay Damon recused themselves during the Action Item of Old Thompson Road LLC (3101-24-04C).
1. Old Thompson Road, LLC (3101-24-04C) Second Meeting- Old Thompson Road, LLC is requesting an amendment to its existing straight lease transaction it entered into with the Agency in 2017 and modified in 2018 in connection with its proposal to design and construct an extension of approximately 82,320 SF at Feldmeier’s existing facility in the Town of DeWitt. The applicant is requesting exemptions from certain sales and use taxes, real property taxes, and mortgage recording taxes.: Before the representative from Feldmeier started, Robert Petrovich noted that Chris Andreucci is Agency counsel during this action item. Kevin McAuliffe represented Feldmeier at this meeting, notifying the Board that there are no new developments in their project other than the approval of their site plan by the Town of DeWitt. Nate Stevens noted that a public hearing was held and there were no comments. Patrick Hogan read the Agency Action Requested of “A resolution of the Board authorizing the financial assistance the Agency will provide and the execution and delivery of the documents related to the provision of the financial assistance. Agency benefits requested include exemptions from the certain real property
taxes, sales and sue taxes and mortgage recording taxes." A motion was made by Janice
Herzog and seconded by Susan Stanczyk. Motion passed unanimously.
2. Clinton’s Ditch Co-Operative Company, Inc. (3101-24-03A) Second Meeting- Clinton's Ditch Co-Operative Company, Inc. is proposing to expand their current facility in the Town of Cicero with additions to its current facility including adding a truck repair facility, a 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.: John Anthony Dunn gave a brief update of the project, stating that they are still working with the DEC. Elizabeth Dreyfuss asked how the Applicant will be affected by the work on Interstate 81. Mr. Dunn answered that this work will benefit the Applicant because it’s creating better access to its site. Nate Stevens noted that this project had a public hearing and there were no comments. Patrick Hogan read the Agency Action Requested item a of “A resolution of the Board to authorize adoption of SEQRA determination.” A motion to approve Agency Action Requested item a was made by Janice Herzog and seconded by Susan Stanczyk. Motion passed unanimously. Patrick Hogan read the Agency Action Requested item b of “A resolution of the Board authorizing the financial assistance the Agency will provide. Agency benefits requested include exemptions from certain real property taxes, real estate transfer taxes, sales and use taxes and mortgage recording taxes.” A motion to approve Agency Action Requested item b was made by Susan Stanczyk and seconded by Janice Herzog. Motion passed unanimously.
3. Active Project Review- Annual assessments of projects as required by General Municipal Law Section 874(12): Alexis Rodriguez briefly explained the requirements of the law. She then stated that all projects but one, JMA Wireless, were compliant with their objectives. JMA Wireless did not meet the 75% threshold for their employment. JMA projected 450 jobs for the year 2023 but reported 301 jobs. JMA landed at 67% of their projected jobs. JMA fell short because they opened a new facility in the City of Syracuse in July of 2022 where 76 jobs were reported at this facility, and of those 76 jobs, 37 of them were transferred from the original Clay project facility to the City facility. Alexis stated that JMA Wireless is in year 5 of recapture. Per their PILOT Agreement year 5 is a 0% recapture. Patrick Hogan sated that they came close with their employment, and he believes that they will continue to grow in the future. Agency counsel (Amanda Fitzgerald) had a recommendation of waiving recapture given that if you add up jobs from both of their facilities, they met the 75% threshold. Patrick Hogan read the recommended resolution provided by Barclay Damon of “A resolution of the Board determining no recapture in connection with a certain project from John Mezzalingua Associates, LLC doing business as JMA Wireless as the Board has evaluated all relevant information and determined there is substantial future economic benefit likely to accrue to the community.” A motion to waive recapture was made by Janice Herzog and seconded by Kevin Ryan. Motion passed unanimously.
Counsel of the Agency then asked for a motion to move into an executive session, with Janice Herzog making a motion and Susan Stanczyk seconding the motion. Motion passed unanimously.
Motion to come out of executive session was made by Janice Herzog and seconded by Susan
Stanczyk. Motion passed unanimously.
Motion to adjourn made by Janice Herzog and seconded by Susan Stanczyk at 9:06 AM.
_________________________________ Alexis Rodriguez, Secretary July 31, 2024 Revenue / Expense / Income Current Period Current YTD Operating/Non-Op Revenue 417,641 2,963,995 Administrative Expense 86,131 352,881 Operating/Program Expense 89,159 394,638 Net Ordinary Income 242,350 2,216,476 Current Assets Current YTD Prior YTD Total Cash 7,266,366 5,954,375 Less Pass Through Received 306,566 306,566 Available Cash 6,959,800 5,647,810 Receivables 1,967,583 265,054 Total 8,927,383 5,912,864 Onondaga County Industrial Development Agency Profit and Loss July 2024
Income
2116.1 Agency Fees 207,250.00 2116.3 WPCP Agency Fee 111,111.11 Total 2116 Fees 318,361.11 2410 Lease Income 2,448.60 Total 500 Operating Revenue 320,809.71
2401 Interest Income 24,583.62 501.2 Other Non-Operating Revenue 72,247.18 Total 501 Non-Operating Revenue 96,830.80
528.003 OHB Redev LLC Funds Pass Thru 18,814.75 529 PILOT Income 1,554,175.27 Total 534 Pilot & Pass Thru Revenue 1,572,990.02 550 WPCP Pass Thru Revenue 306,565.66 Total Income $2,297,196.19 GROSS PROFIT $2,297,196.19 Expenses 6400 Operating Expense 5,528.62 6405 General Accounting 48.60
6406.50 Consulting Services 3,000.00 Total 6406 Other Professional Services 3,000.00 6407 Administrative Expense 86,131.05 6409 Conference Attendence 9,176.58 6410 Office Expense 434.71 6414 Marketing 25,600.00 Total 6400 Operating Expense 129,919.56
6460 IDA General Legal 2,411.90 6480 Roth Legal 30.00 Total 6450 Barclay Damon 2,441.90 Total 6440 Legal Fees 2,441.90 Accrual Basis Friday, August 2, 2024 01:38 PM GMT-04:00 1/2 Onondaga County Industrial Development Agency Profit and Loss July 2024
6510.7 WPCP Marketing 42,464.28 Total 6510 White Pine Commerce Park 42,464.28 Total 6500 Agency Program Expenses 42,464.28
6514.1 Legal 464.55 Total 6514 White Pine Science & Technology Park 464.55
6605.2 PILOT Expense 253,376.27 6606 OHB Redev LLC Funds Pass Thru 18,814.75 Total 6605 Pilot & Pass Thru Expenses 272,191.02 Total 6600 Non-Operating Expenses 272,191.02
6610.1 Barclay Damon 177,777.78 6610.2 JMT 128,787.88 Total 6610 WPCP Pass Thru Expenses 306,565.66 Total Expenses $754,046.97 NET OPERATING INCOME $1,543,149.22 NET INCOME $1,543,149.22 Accrual Basis Friday, August 2, 2024 01:38 PM GMT-04:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of July 31, 2024
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 5,913,875.10 Total 200 Cash 5,913,875.10 200.6 NBT Savings 2,003,877.31 Total Bank Accounts $7,917,752.41 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 4,110,669.37 Total 380 Accounts Rec. 4,110,669.37 Total Accounts Receivable $4,110,669.37 Other Current Assets
480.4 Credit Balance on Card -650.00 Total 480 Prepaid Expenses -650.00 Total Other Current Assets $ -650.00 Total Current Assets $12,027,771.78 Fixed Assets
101 White Pines Commerce Park 4,262.00 101.3 Engineering Services 16,190.00 101.4 Environmental/Demo Services 110.00 Total 101.3 Engineering Services 16,300.00 101.6 WPCP Marketing 221.49 Total 101 White Pines Commerce Park 20,783.49 107 800 Hiawatha 604,840.42 108 White Pine Science & Technology Park 2,140,557.00 Total 100 Land 2,766,180.91
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 -5,042.00 250 Investment in Real Property 30,756,703.00 Total Fixed Assets $33,523,859.91 Accrual Basis Friday, August 2, 2024 01:58 PM GMT-04:00 1/2 Onondaga County Industrial Development Agency Balance Sheet As of July 31, 2024
Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $45,553,273.45
Liabilities Current Liabilities Accounts Payable 300 WPCP Pass Thru Payable 919,696.98 Total Accounts Payable $919,696.98 Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 352,881.16 600.204 OHB Redev LLC Funds 651,386.23 600.208 BlueRock Energy Agreement Deposit 25,000.00 600.209 Syracuse Rail Overpayment 500.00 600.3 Onondaga County Loan 28,079,656.77 600.31 Accrued Interest - OC Note Payable 1,823,051.00 Total 600.3 Onondaga County Loan 29,902,707.77 Total 600 Accounts Payable 30,932,475.16
603 PILOT Pass Thru -6,834,755.90 Total 601 PILOT and Pass Thru Payable -6,834,755.90
631.155 Skaneateles 0.10 Total 631.1 Towns 0.10 Total 631 Due to Other Governments 0.10 Total Other Current Liabilities $24,097,719.36 Total Current Liabilities $25,017,416.34 Total Liabilities $25,017,416.34 Equity 3900 Equity Unreserved 7,227,937.45 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 368,811.84 465 Equity - Unreserved 4,017.16 Net Income 10,589,252.03 Total Equity $20,535,857.11 TOTAL LIABILITIES AND EQUITY $45,553,273.45 Accrual Basis Friday, August 2, 2024 01:58 PM GMT-04:00 2/2
PAYMENT OF BILLS - SCHEDULE #496 August 8, 2024
1. LOVELL AND ASSOCIATES, LLC* $ 3,000.00 June 2024 Consulting 2. ABC CREATIVE GROUP, LLC $ 1,250.00 Inv#8307 3. BARCLAY DAMON LLP $ 177,777.78 June 2024 Legal Costs 4. JMT OF NEW YORK, INC. $ 128,787.88 June 2024 Engineering Costs 5. BARTON & LOGUIDICE, D.P.C. $ 41,557.10 WPSTP, Inv. 142212, 140766 6. ROBERT SCHOENECK $ 47.81 Office Reimbursement TOTAL $ 352,420.57 *Ratification of check dated July 18, 2024
PAYMENT OF BILLS - SCHEDULE #496 August 8, 2024 PILOT Payments 1. ONONDAGA COUNTY* $ 7,664.75 COR Inner Harbor Master PILOT & Sub Project 1 2nd Q PILOT Payment 2. CITY OF SYRACUSE* $ 6,297.53 COR Inner Harbor Master PILOT & Sub Project 1 2nd Q PILOT Payment 3. SYRACUSE CITY SCHOOL DISTRICT* $ 10,258.99 COR Inner Harbor Master PILOT & Sub Project 1 2nd Q PILOT Payment TOTAL $ 24,221.27 *Ratification of checks dated July 25, 2024