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315.435.3770 • ECONOMICDEVELOPMENT@ONGOV.NET Regular Meeting Agenda April 11, 2024 8:30 AM Call to Order the Regular Meeting of the Agency A. Approval of Minutes: March 14, 2024 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items:
1. TTM Technologies Inc. (3101-24-01A) Second Meeting TTM Technologies Inc. is proposing construction of an approximately 214,770 square foot facility in the Town of Dewitt and corresponding renovations to their existing 164,215 square foot facility located on land adjacent to the new facility. The applicant is requesting exemptions from certain sales and use taxes, real property taxes and mortgage recording taxes.
Agency Action Requested:
a. 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 certain real property taxes, sales and use taxes and mortgage recording taxes.
Representative: Kevin McAuliffe
OCIDA Board to Appoint Alexis Rodriguez as Agency Secretary and Agency Public Hearing Officer.
315.435.3770 • ECONOMICDEVELOPMENT@ONGOV.NET Regular Meeting Agenda April 11, 2024 8:30 AM Call to Order the Regular Meeting of the Agency A. Approval of Minutes: March 14, 2024 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items:
1. TTM Technologies Inc. (3101-24-01A) Second Meeting TTM Technologies Inc. is proposing construction of an approximately 214,770 square foot facility in the Town of Dewitt and corresponding renovations to their existing 164,215 square foot facility located on land adjacent to the new facility. The applicant is requesting exemptions from certain sales and use taxes, real property taxes and mortgage recording taxes.
Agency Action Requested:
a. 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 certain real property taxes, sales and use taxes and mortgage recording taxes.
Representative: Kevin McAuliffe
OCIDA Board to Appoint Alexis Rodriguez as Agency Secretary and Agency Public Hearing Officer.
Agency Action Requested:
a. A resolution of the Board appointing Alexis Rodriguez as Agency Secretary and Agency Public Hearing Officer.
Representative: Robert Petrovich, Executive Director 1 of 48
The Agency wishes to grant an easement over portions of the White Pine Commerce Park to Niagara Mohawk Power Corporation for the purpose of installing a natural gas line and other related facilities in support of the Micron semiconductor manufacturing facility. Agency Action Requested:
a. A resolution of the Board authorizing the execution of an easement in connection with property located at Caughdenoy Road over portion of the White Pine Commerce Park for natural gas service and facilities.
Representative: Jeff Davis, Esq., Agency Counsel 4. Authorize Procurement of Signage for the Micron site and the White Pine Science & Technology Park site Agency Action Requested:
a. A resolution of the Board authorizing the Executive Director to engage the requested scope of work to Charles Signs, Inc.
Representative: Robert Petrovich, Executive Director
Agency Action Requested:
a. A resolution of the Board appointing Alexis Rodriguez as Agency Secretary and Agency Public Hearing Officer.
Representative: Robert Petrovich, Executive Director 1 of 48
The Agency wishes to grant an easement over portions of the White Pine Commerce Park to Niagara Mohawk Power Corporation for the purpose of installing a natural gas line and other related facilities in support of the Micron semiconductor manufacturing facility. Agency Action Requested:
a. A resolution of the Board authorizing the execution of an easement in connection with property located at Caughdenoy Road over portion of the White Pine Commerce Park for natural gas service and facilities.
Representative: Jeff Davis, Esq., Agency Counsel 4. Authorize Procurement of Signage for the Micron site and the White Pine Science & Technology Park site Agency Action Requested:
a. A resolution of the Board authorizing the Executive Director to engage the requested scope of work to Charles Signs, Inc.
Representative: Robert Petrovich, Executive Director
Agency Action Requested:
a. A resolution of the Board increasing the contract with ABC Creative Marketing Group in an amount not to exceed $25,000 for public relations/marketing services for OCIDA to communicate the Agency’s objectives.
Representative: Robert Petrovich, Executive Director Adjourn 2 of 48
Onondaga County Industrial Development Agency Regular Meeting Minutes March 14, 2024 A regular meeting of the Onondaga County Industrial Development Agency was held on Thursday, March 14, 2024, 335 Montgomery Street, Floor 2M, Syracuse, New York.
Patrick Hogan called the meeting to order at 8:38 a.m. with the following:
PRESENT:
Patrick Hogan Janice Herzog Susan Stanczyk Kevin Ryan Fanny Villarreal Elizabeth Dreyfuss
ABSENT:
Cydney Johnson
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nate Stevens, Treasurer Karen Doster, Recording Secretary Alexis Rodriguez, Assistant Treasurer Len Rauch, Economic Development Jeff Davis, Barclay Damon Law Firm Amanda Fitzgerald, Barclay Damon Law Firm Leila Dwyer, Barclay Damon Law Firm Len Rauch, Office of Economic Development McKenna Moonan, Office of Economic Development Mike Lisson, Grossman St. Amour PLLC Brianah Lane, Grossman St. Amour PLLC Agency Action Requested:
a. A resolution of the Board increasing the contract with ABC Creative Marketing Group in an amount not to exceed $25,000 for public relations/marketing services for OCIDA to communicate the Agency’s objectives.
Representative: Robert Petrovich, Executive Director Adjourn 2 of 48
Onondaga County Industrial Development Agency Regular Meeting Minutes March 14, 2024 A regular meeting of the Onondaga County Industrial Development Agency was held on Thursday, March 14, 2024, 335 Montgomery Street, Floor 2M, Syracuse, New York.
Patrick Hogan called the meeting to order at 8:38 a.m. with the following:
PRESENT:
Patrick Hogan Janice Herzog Susan Stanczyk Kevin Ryan Fanny Villarreal Elizabeth Dreyfuss
ABSENT:
Cydney Johnson
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nate Stevens, Treasurer Karen Doster, Recording Secretary Alexis Rodriguez, Assistant Treasurer Len Rauch, Economic Development Jeff Davis, Barclay Damon Law Firm Amanda Fitzgerald, Barclay Damon Law Firm Leila Dwyer, Barclay Damon Law Firm Len Rauch, Office of Economic Development McKenna Moonan, Office of Economic Development Mike Lisson, Grossman St. Amour PLLC Brianah Lane, Grossman St. Amour PLLC APPROVAL OF REGULAR MEETING MINUTES – FEBRUARY 8, 2024 AND FEBRUARY
Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved the regular meeting minutes of February 9, 2024 and February 15, 2024. Motion was carried. TREASURER’S REPORT Alexis Rodriguez gave a brief review of the Treasurer’s Report for the month of February 2024. 3 of 48 Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board approved the Treasurer’s Report for the month of February 2024. Motion was carried.
APPROVAL OF REGULAR MEETING MINUTES – FEBRUARY 8, 2024 AND FEBRUARY
Upon a motion by Susan Stanczyk, seconded by Kevin Ryan, the OCIDA Board approved the regular meeting minutes of February 9, 2024 and February 15, 2024. Motion was carried. TREASURER’S REPORT Alexis Rodriguez gave a brief review of the Treasurer’s Report for the month of February 2024. 3 of 48 Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board approved the Treasurer’s Report for the month of February 2024. Motion was carried.
Alexis Rodriguez gave a brief review of the Payment of Bills Schedule #490.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved the Payment of Bills Schedule #491 for $788,227.51 with PILOT payments to Onondaga County for $35,366.00, Town of Clay for $4,712.00, Town of DeWitt for $12,978.00, Town of Cicero $7,770.00, Town of Elbridge for $1,286.00, Town of Skaneateles for $226.00, Town of Lafayette for $2,966.00, North Syracuse School District for $72,707.00, Jordan Elbridge Central School District for $6,908.00, Marcellus Central School District for $2,854.00, Lafayette Central School District for $9,664.00, East Syracuse Minoa Central School District for $66,986.00. Motion was carried.
Alexis Rodriguez gave a brief review of the Payment of Bills Schedule #490.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved the Payment of Bills Schedule #491 for $788,227.51 with PILOT payments to Onondaga County for $35,366.00, Town of Clay for $4,712.00, Town of DeWitt for $12,978.00, Town of Cicero $7,770.00, Town of Elbridge for $1,286.00, Town of Skaneateles for $226.00, Town of Lafayette for $2,966.00, North Syracuse School District for $72,707.00, Jordan Elbridge Central School District for $6,908.00, Marcellus Central School District for $2,854.00, Lafayette Central School District for $9,664.00, East Syracuse Minoa Central School District for $66,986.00. Motion was carried.
The Conflict of Interest was circulated and there were no conflicts.
AUDIT FROM GROSSMAN ST. AMOUR – PRESENTATION OF AUDIT TO THE BOARD Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved the 2023 audit of the Agency. Motion was carried.
OCIDA AUDIT SERVICES. Robert Petrovich stated as is customary practice, about every 3 years staff solicits request for proposals for audit services. He stated proposals were sent to out Dannible and McKee, Fust Charles, Dermody Burke and Brown, Grossman St. Amour and Bonadio. He stated responses were received from Grossman St. Amour and Bonadio. He stated this will be moved forward at 4 of 48 the Organizational Meeting in January for naming the Agency’s audit firm and conflict firm/backup firm for special projects. He stated Grossman St. Amour is working through 2024 and the expectation is they will be appointed at the Organizational Meeting in January 2025. Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing the Executive Director to notify designated firms for audit services. Motion was carried.
OCIDA COUNSEL/SPECIAL COUNSEL/GENERAL LEGAL SERVICES.
The Conflict of Interest was circulated and there were no conflicts.
AUDIT FROM GROSSMAN ST. AMOUR – PRESENTATION OF AUDIT TO THE BOARD Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved the 2023 audit of the Agency. Motion was carried.
OCIDA AUDIT SERVICES. Robert Petrovich stated as is customary practice, about every 3 years staff solicits request for proposals for audit services. He stated proposals were sent to out Dannible and McKee, Fust Charles, Dermody Burke and Brown, Grossman St. Amour and Bonadio. He stated responses were received from Grossman St. Amour and Bonadio. He stated this will be moved forward at 4 of 48 the Organizational Meeting in January for naming the Agency’s audit firm and conflict firm/backup firm for special projects. He stated Grossman St. Amour is working through 2024 and the expectation is they will be appointed at the Organizational Meeting in January 2025. Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing the Executive Director to notify designated firms for audit services. Motion was carried.
OCIDA COUNSEL/SPECIAL COUNSEL/GENERAL LEGAL SERVICES.
Robert Petrovich stated it is customary practice every 3 years to solicit proposals from legal service providers in the community. He stated RFPs went out to Barclay Damon, Bond Schoeneck & King, Hancock Estabrook, Harris Beach, Mackenzie Hughes, Nixon Peabody and Trespasz & Marquardt. He stated responses were received from Barclay Damon, Bond Schoeneck & King, Hancock Estabrook, Harris Beach, Nixon Peabody and Trespasz & Marquardt. He stated in January 2025 at the Organization Meeting the Agency will name its primary counsel and also conflict counsel. He stated the expectation is all the responding firms will be awarded because periodically projects come forward and a particular firm may be conflicted out so we need to have a strong bench of legal service providers to be able to support the actions of the Board and the mission of the Agency.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing the Executive Director to notify designated firms for counsel/special counsel/general legal services. Motion was carried.
OCIDA GOVERNMENT AND BUSINESS
Robert Petrovich stated it is customary practice every 3 years to solicit proposals from legal service providers in the community. He stated RFPs went out to Barclay Damon, Bond Schoeneck & King, Hancock Estabrook, Harris Beach, Mackenzie Hughes, Nixon Peabody and Trespasz & Marquardt. He stated responses were received from Barclay Damon, Bond Schoeneck & King, Hancock Estabrook, Harris Beach, Nixon Peabody and Trespasz & Marquardt. He stated in January 2025 at the Organization Meeting the Agency will name its primary counsel and also conflict counsel. He stated the expectation is all the responding firms will be awarded because periodically projects come forward and a particular firm may be conflicted out so we need to have a strong bench of legal service providers to be able to support the actions of the Board and the mission of the Agency.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing the Executive Director to notify designated firms for counsel/special counsel/general legal services. Motion was carried.
OCIDA GOVERNMENT AND BUSINESS
Robert Petrovich stated again periodically we are seeking consultant and business development service assistance from a number of firms. He stated currently we do not have a provider and the contract we had has lapsed as of December 31. He stated staff submitted a request to various firms to submit proposals to provide us assistance in this area. He stated RFPs went out to 5 of 48 Hinman Straub, Lovell & Associates LLC, Ostroff Associates and Park Strategies LLC. He stated responses were received from Lovell & Associates, Ostroff Associates and Park Strategies. He stated after careful review and consideration based on prior experience and cost, being a factor but not the only factor, staff’s recommendation is to engage with Lovell and Associates. He stated they by far have the experience with what the Agency has been working on over the last few years in the semi-conductor field and moreover they are the most economical choice.
Kevin Ryan stated the Agency has used Park Strategies for the past couple years. Robert Petrovich stated yes Park Strategies via Jeff Lovell and Mr. Lovell is no longer with Park Strategies.
Janice Herzog asked if they are local. Robert Petrovich stated they have a local presence but they are based out of Albany.
Robert Petrovich stated again periodically we are seeking consultant and business development service assistance from a number of firms. He stated currently we do not have a provider and the contract we had has lapsed as of December 31. He stated staff submitted a request to various firms to submit proposals to provide us assistance in this area. He stated RFPs went out to 5 of 48 Hinman Straub, Lovell & Associates LLC, Ostroff Associates and Park Strategies LLC. He stated responses were received from Lovell & Associates, Ostroff Associates and Park Strategies. He stated after careful review and consideration based on prior experience and cost, being a factor but not the only factor, staff’s recommendation is to engage with Lovell and Associates. He stated they by far have the experience with what the Agency has been working on over the last few years in the semi-conductor field and moreover they are the most economical choice.
Kevin Ryan stated the Agency has used Park Strategies for the past couple years. Robert Petrovich stated yes Park Strategies via Jeff Lovell and Mr. Lovell is no longer with Park Strategies.
Janice Herzog asked if they are local. Robert Petrovich stated they have a local presence but they are based out of Albany.
Upon a motion by Kevin Ryan, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the Executive Director to notify Lovell and Associates, LLC of their award of the RFP for Government and Business Development services. Motion was carried.
OCIDA BANKING AND FINANCIAL SERVICES Nate Stevens stated request for proposals went out to Community Bank, Key Bank, M&T Bank, NBT Bank and Pathfinder. He stated responses were received from Community, M&T and NBT Bank. He stated the staff recommendation is to award to NBT Bank primarily due to the interest rate considerations in their proposal.
Robert Petrovich stated it is clear after staff analysis that the Agency based on its current standing by moving to NBT Bank will enjoy probably $40,000 to $50,000 a year more in interest payments than the Agency has been getting from M&T. He stated the relationship with M&T has been great but he thinks it is time to pivot and go in a different direction.
6 of 48 Upon a motion by Elizabeth Dreyfuss, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the Executive Director to notify NBT Bank N.A. of their award of the RFP for Banking and Financial services. Motion was carried.
Upon a motion by Kevin Ryan, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the Executive Director to notify Lovell and Associates, LLC of their award of the RFP for Government and Business Development services. Motion was carried.
OCIDA BANKING AND FINANCIAL SERVICES Nate Stevens stated request for proposals went out to Community Bank, Key Bank, M&T Bank, NBT Bank and Pathfinder. He stated responses were received from Community, M&T and NBT Bank. He stated the staff recommendation is to award to NBT Bank primarily due to the interest rate considerations in their proposal.
Robert Petrovich stated it is clear after staff analysis that the Agency based on its current standing by moving to NBT Bank will enjoy probably $40,000 to $50,000 a year more in interest payments than the Agency has been getting from M&T. He stated the relationship with M&T has been great but he thinks it is time to pivot and go in a different direction.
6 of 48 Upon a motion by Elizabeth Dreyfuss, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the Executive Director to notify NBT Bank N.A. of their award of the RFP for Banking and Financial services. Motion was carried.
Nate Stevens stated to go along with the new banking relationship we are looking to reconfirm for the year who is going to be authorized to sign checks, bank documents etc. He stated the three people would be the chairperson, executive director and the treasurer.
Susan Stanczyk asked if the checks require two signatures. Nate Stevens stated yes. Upon a motion by Fanny Villarreal, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing accounts and signature authority to Robert M. Petrovich, Nate Stevens and Patrick Hogan. Motion was carried.
Patrick Hogan stated he would like copies for all the Board members of all the pay outs specifically to each town, village and school district from the Agency’s PILOT agreements. He stated he would like to emphasize it is almost $6,800,000. He asked if the schedule can be put on the website. He stated this points out how much revenue is earned by the localities. Susan Stanczyk stated it would be interesting to show what the property would have received without a project because 9 out of 10 times it is zero. Patrick Hogan stated that is an excellent idea.
Robert Petrovich asked if the Board would like that analysis. The Board stated they would like it.
Janice Herzog stated along with Mike Lisson she would like to recognize other staff and accountants in the office who have also worked on this document.
Nate Stevens stated to go along with the new banking relationship we are looking to reconfirm for the year who is going to be authorized to sign checks, bank documents etc. He stated the three people would be the chairperson, executive director and the treasurer.
Susan Stanczyk asked if the checks require two signatures. Nate Stevens stated yes. Upon a motion by Fanny Villarreal, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing accounts and signature authority to Robert M. Petrovich, Nate Stevens and Patrick Hogan. Motion was carried.
Patrick Hogan stated he would like copies for all the Board members of all the pay outs specifically to each town, village and school district from the Agency’s PILOT agreements. He stated he would like to emphasize it is almost $6,800,000. He asked if the schedule can be put on the website. He stated this points out how much revenue is earned by the localities. Susan Stanczyk stated it would be interesting to show what the property would have received without a project because 9 out of 10 times it is zero. Patrick Hogan stated that is an excellent idea.
Robert Petrovich asked if the Board would like that analysis. The Board stated they would like it.
Janice Herzog stated along with Mike Lisson she would like to recognize other staff and accountants in the office who have also worked on this document.
7 of 48 7 of 48
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board adjourned the meeting at 8:50 a.m. Motion was carried.
____________________________________ Robert M. Petrovich, Executive Director 8 of 48 March 31, 2024 Revenue / Expense / Income Current Period Current YTD Operating/Non-Op Revenue 144,872 569,025 Administrative Expense 101,569 176,533 Operating/Program Expense 45,043 150,516 Net Ordinary Income (1,740) 241,976 Current Assets Current YTD Prior YTD Total Cash 7,238,195 4,665,662 Less Pass Through Received - - Available Cash 7,238,195 4,665,662 Receivables 338,333 722,839 Total 7,576,528 5,388,501 9 of 48
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board adjourned the meeting at 8:50 a.m. Motion was carried.
____________________________________ Robert M. Petrovich, Executive Director 8 of 48 March 31, 2024 Revenue / Expense / Income Current Period Current YTD Operating/Non-Op Revenue 144,872 569,025 Administrative Expense 101,569 176,533 Operating/Program Expense 45,043 150,516 Net Ordinary Income (1,740) 241,976 Current Assets Current YTD Prior YTD Total Cash 7,238,195 4,665,662 Less Pass Through Received - - Available Cash 7,238,195 4,665,662 Receivables 338,333 722,839 Total 7,576,528 5,388,501 9 of 48 Onondaga County Industrial Development Agency Profit and Loss March 2024
Income
2116.3 WPCP Agency Fee 111,111.11 Total 2116 Fees 111,111.11 2410 Lease Income 1,224.30 2655 Other Operating Revenue 5,000.00 Total 500 Operating Revenue 117,335.41
2401 Interest Income 25,036.48 501.2 Other Non-Operating Revenue 2,500.00 Total 501 Non-Operating Revenue 27,536.48 527 Nat Grid Matching Grant 4,807.00
529 PILOT Income 31,869.87 Total 534 Pilot & Pass Thru Revenue 31,869.87 550 WPCP Pass Thru Revenue 360,240.66 Total Income $541,789.42 GROSS PROFIT $541,789.42 Expenses
6401.1 D&O Insurance 6,318.00 Total 6401 Insurance 6,318.00 6407 Administrative Expense 101,569.15 6408 Meeting Expenses 225.14 6409 Conference Attendence 10,099.44 6410 Office Expense 455.91 6411 Memberships / Sponsorships 3,500.00 6415 FTZ 75.00 Total 6400 Operating Expense 122,242.64
6510.6 Taxes/SDC 78.61 6510.7 WPCP Marketing 15,350.56 Total 6510 White Pine Commerce Park 15,429.17 Onondaga County Industrial Development Agency Profit and Loss March 2024
Income
2116.3 WPCP Agency Fee 111,111.11 Total 2116 Fees 111,111.11 2410 Lease Income 1,224.30 2655 Other Operating Revenue 5,000.00 Total 500 Operating Revenue 117,335.41
2401 Interest Income 25,036.48 501.2 Other Non-Operating Revenue 2,500.00 Total 501 Non-Operating Revenue 27,536.48 527 Nat Grid Matching Grant 4,807.00
529 PILOT Income 31,869.87 Total 534 Pilot & Pass Thru Revenue 31,869.87 550 WPCP Pass Thru Revenue 360,240.66 Total Income $541,789.42 GROSS PROFIT $541,789.42 Expenses
6401.1 D&O Insurance 6,318.00 Total 6401 Insurance 6,318.00 6407 Administrative Expense 101,569.15 6408 Meeting Expenses 225.14 6409 Conference Attendence 10,099.44 6410 Office Expense 455.91 6411 Memberships / Sponsorships 3,500.00 6415 FTZ 75.00 Total 6400 Operating Expense 122,242.64
6510.6 Taxes/SDC 78.61 6510.7 WPCP Marketing 15,350.56 Total 6510 White Pine Commerce Park 15,429.17 10 of 48 Accrual Basis Monday, April 8, 2024 12:36 PM GMT-04:00 1/2 Onondaga County Industrial Development Agency Profit and Loss March 2024
6530 800 Hiawatha Blvd. West 6530.3 Engineering 8,940.50 Total 6530 800 Hiawatha Blvd. West 8,940.50 Total 6500 Agency Program Expenses 24,369.67 Total Expenses $146,612.31 NET OPERATING INCOME $395,177.11 NET INCOME $395,177.11 11 of 48 Accrual Basis Monday, April 8, 2024 12:36 PM GMT-04:00 2/2 10 of 48 Accrual Basis Monday, April 8, 2024 12:36 PM GMT-04:00 1/2 Onondaga County Industrial Development Agency Profit and Loss March 2024
6530 800 Hiawatha Blvd. West 6530.3 Engineering 8,940.50 Total 6530 800 Hiawatha Blvd. West 8,940.50 Total 6500 Agency Program Expenses 24,369.67 Total Expenses $146,612.31 NET OPERATING INCOME $395,177.11 NET INCOME $395,177.11 11 of 48 Accrual Basis Monday, April 8, 2024 12:36 PM GMT-04:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of March 31, 2024
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 5,302,949.76 200.2 Cash - M & T Money Maker Savings 1,944,153.06 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 7,238,195.00 Total Bank Accounts $7,238,195.00 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 1,510,977.03 Total 380 Accounts Rec. 1,510,977.03 Total Accounts Receivable $1,510,977.03 Total Current Assets $8,749,172.03 Fixed Assets
101 White Pines Commerce Park 0.05
101.101 CHA GEIS 1 0.05 101.102 CHA GEIS 2 0.36 101.104 GEIS Reg Plan Board Overview -0.26 Total 101.1 WPCP GEIS 0.15 101.2 WPCP Legal 0.25 101.3 Engineering Services 16,190.00 101.301 Temporary Access 0.44 101.4 Environmental/Demo Services 109.98 Total 101.3 Engineering Services 16,300.42
101.501 Land Purchases -0.43 101.502 Closing Costs 0.14 Total 101.5 Land Acquisition Costs -0.29 101.6 WPCP Marketing 221.83 Total 101 White Pines Commerce Park 16,522.41 106 North Salina Properties 0.00 106.1 435 North Salina -0.45 106.3 435 North Salina Building -0.47 Total 106 North Salina Properties -0.92 Onondaga County Industrial Development Agency Balance Sheet As of March 31, 2024
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 5,302,949.76 200.2 Cash - M & T Money Maker Savings 1,944,153.06 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 7,238,195.00 Total Bank Accounts $7,238,195.00 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 1,510,977.03 Total 380 Accounts Rec. 1,510,977.03 Total Accounts Receivable $1,510,977.03 Total Current Assets $8,749,172.03 Fixed Assets
101 White Pines Commerce Park 0.05
101.101 CHA GEIS 1 0.05 101.102 CHA GEIS 2 0.36 101.104 GEIS Reg Plan Board Overview -0.26 Total 101.1 WPCP GEIS 0.15 101.2 WPCP Legal 0.25 101.3 Engineering Services 16,190.00 101.301 Temporary Access 0.44 101.4 Environmental/Demo Services 109.98 Total 101.3 Engineering Services 16,300.42
101.501 Land Purchases -0.43 101.502 Closing Costs 0.14 Total 101.5 Land Acquisition Costs -0.29 101.6 WPCP Marketing 221.83 Total 101 White Pines Commerce Park 16,522.41 106 North Salina Properties 0.00 106.1 435 North Salina -0.45 106.3 435 North Salina Building -0.47 Total 106 North Salina Properties -0.92 12 of 48 Accrual Basis Monday, April 8, 2024 12:31 PM GMT-04:00 1/3 Onondaga County Industrial Development Agency Balance Sheet As of March 31, 2024 12 of 48 Accrual Basis Monday, April 8, 2024 12:31 PM GMT-04:00 1/3 Onondaga County Industrial Development Agency Balance Sheet As of March 31, 2024
107 800 Hiawatha 604,840.42 108 White Pine Science & Technology Park 2,140,557.00 Total 100 Land 2,761,918.91
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 $33,519,597.91 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $42,270,411.70
107 800 Hiawatha 604,840.42 108 White Pine Science & Technology Park 2,140,557.00 Total 100 Land 2,761,918.91
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 $33,519,597.91 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $42,270,411.70
Liabilities Current Liabilities Accounts Payable 300 WPCP Pass Thru Payable 780,532.16 Total Accounts Payable $780,532.16 Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 176,532.09 600.102 Due to BD WPCP -0.34 600.204 OHB Redev LLC Funds 800,000.00 600.205 Exp Pay Prev Period 0.03 600.206 Mileage Reimbursement 0.34 600.208 BlueRock Energy Agreement Deposit 25,000.00 600.209 Syracuse Rail Overpayment 500.00 600.3 Onondaga County Loan 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 30,904,739.89
603 PILOT Pass Thru -6,834,754.89 Total 601 PILOT and Pass Thru Payable -6,834,754.89
631.15 Salina -0.81 631.155 Skaneateles 0.10
Liabilities Current Liabilities Accounts Payable 300 WPCP Pass Thru Payable 780,532.16 Total Accounts Payable $780,532.16 Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 176,532.09 600.102 Due to BD WPCP -0.34 600.204 OHB Redev LLC Funds 800,000.00 600.205 Exp Pay Prev Period 0.03 600.206 Mileage Reimbursement 0.34 600.208 BlueRock Energy Agreement Deposit 25,000.00 600.209 Syracuse Rail Overpayment 500.00 600.3 Onondaga County Loan 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 30,904,739.89
603 PILOT Pass Thru -6,834,754.89 Total 601 PILOT and Pass Thru Payable -6,834,754.89
631.15 Salina -0.81 631.155 Skaneateles 0.10 13 of 48 Accrual Basis Monday, April 8, 2024 12:31 PM GMT-04:00 2/3 Onondaga County Industrial Development Agency Balance Sheet As of March 31, 2024 13 of 48 Accrual Basis Monday, April 8, 2024 12:31 PM GMT-04:00 2/3 Onondaga County Industrial Development Agency Balance Sheet As of March 31, 2024
Total 631.1 Towns -0.71
631.356 Syracuse -0.10 Total 631.3 Schools -0.10 631.4 Onondaga County -0.09 631.5 City of Syracuse -0.36 Total 631 Due to Other Governments -1.26 Total Other Current Liabilities $24,069,983.74 Total Current Liabilities $24,850,515.90 Total Liabilities $24,850,515.90 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 7,473,290.72 Total Equity $17,419,895.80 TOTAL LIABILITIES AND EQUITY $42,270,411.70
Total 631.1 Towns -0.71
631.356 Syracuse -0.10 Total 631.3 Schools -0.10 631.4 Onondaga County -0.09 631.5 City of Syracuse -0.36 Total 631 Due to Other Governments -1.26 Total Other Current Liabilities $24,069,983.74 Total Current Liabilities $24,850,515.90 Total Liabilities $24,850,515.90 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 7,473,290.72 Total Equity $17,419,895.80 TOTAL LIABILITIES AND EQUITY $42,270,411.70 14 of 48 Accrual Basis Monday, April 8, 2024 12:31 PM GMT-04:00 3/3 14 of 48 Accrual Basis Monday, April 8, 2024 12:31 PM GMT-04:00 3/3
PAYMENT OF BILLS - SCHEDULE #492 April 11, 2024
PAYMENT OF BILLS - SCHEDULE #492 April 11, 2024
1. ADVANCE MEDIA NEW YORK* $ 133.28
2. NYS ECONOMIC DEVELOPMENT COUNCIL* $ 3,500.00
3. BRIAN R. HALL - RECEIVER OF TAXES** $ 78.61 WPCP 2024 Real Property Taxes 4. BROWN & BROWN INSURANCE SERVICES, INC.** $ 6,318.00 D&O Insurance Renewal 5. ONONDAGA CIVIC DEVELOPMENT CORPORATION $ 261.00 Toshiba Reimbursement, Inv#1160 6. BARCLAY DAMON LLP $ 76,076.98 OHB Redev, Inv#'s 5279665, 5275645 7. BARCLAY DAMON LLP $ 3,802.50 Roth Steel, Inv#'s 5279662, 5279655 8. BARCLAY DAMON LLP $ 7,838.25 IDA Matters, Inv#'s 5277739, 5280190 9. BARCLAY DAMON LLP $ 6,464.53 Caughdenoy Rd Business Park, Inv#5279667, 5275671 10. BARCLAY DAMON LLP $ 177,777.78 February 2024 Legal Costs 11. JMT OF NEW YORK, INC. $ 128,787.88 February 2024 Engineering Costs 12. GORICK CONSTRUCTION CO., INC. $ 145,261.84 Demolition Costs
1. ADVANCE MEDIA NEW YORK* $ 133.28
2. NYS ECONOMIC DEVELOPMENT COUNCIL* $ 3,500.00
3. BRIAN R. HALL - RECEIVER OF TAXES** $ 78.61 WPCP 2024 Real Property Taxes 4. BROWN & BROWN INSURANCE SERVICES, INC.** $ 6,318.00 D&O Insurance Renewal 5. ONONDAGA CIVIC DEVELOPMENT CORPORATION $ 261.00 Toshiba Reimbursement, Inv#1160 6. BARCLAY DAMON LLP $ 76,076.98 OHB Redev, Inv#'s 5279665, 5275645 7. BARCLAY DAMON LLP $ 3,802.50 Roth Steel, Inv#'s 5279662, 5279655 8. BARCLAY DAMON LLP $ 7,838.25 IDA Matters, Inv#'s 5277739, 5280190 9. BARCLAY DAMON LLP $ 6,464.53 Caughdenoy Rd Business Park, Inv#5279667, 5275671 10. BARCLAY DAMON LLP $ 177,777.78 February 2024 Legal Costs 11. JMT OF NEW YORK, INC. $ 128,787.88 February 2024 Engineering Costs 12. GORICK CONSTRUCTION CO., INC. $ 145,261.84 Demolition Costs TOTAL $ 556,300.65 *Ratification of checks dated March 12, 2024 **Ratification of checks dated March 25, 2024 15 of 48 Project Summary DRAFT 2/7/2024 1. Project TTM Technologies, Inc. 2. Project Number 3101-24-01A 3. Location Dewitt 4. School District East Syracuse Minoa
039.-07-06.0; 039.-07-06.0/1; 037.-10-04.4; 037.-10-05.1; Village -
037.-10-04.1; 037.-10-03.1; 037.-10-02.1; 037.-10-01.1 TOTAL $ 556,300.65 *Ratification of checks dated March 12, 2024 **Ratification of checks dated March 25, 2024 15 of 48 Project Summary DRAFT 2/7/2024 1. Project TTM Technologies, Inc. 2. Project Number 3101-24-01A 3. Location Dewitt 4. School District East Syracuse Minoa
039.-07-06.0; 039.-07-06.0/1; 037.-10-04.4; 037.-10-05.1; Village -
037.-10-04.1; 037.-10-03.1; 037.-10-02.1; 037.-10-01.1 7.Total Project Cost $ 122,446,494 8. Total Jobs 908 Land Acquisition $ 3,000,000 8A. Job Retention 508 Site Work/Demo $ 4,178,676 8B: Job Creation 400 Building Construction & Renovation $ 65,204,493 (Next 4 Years) Furniture & Fixtures $ 12,000,000 Equipment $ 34,000,000 Project Soft Cost $ 4,063,325 Community Investment /Abatement TTM Technologies, Inc. Project Description Fiscal Impact ($) Abatement Summary $15,937,385 Sales Tax Abatement $4,500,000 Mortgage Tax Abatement $825,000 7.Total Project Cost $ 122,446,494 8. Total Jobs 908 Land Acquisition $ 3,000,000 8A. Job Retention 508 Site Work/Demo $ 4,178,676 8B: Job Creation 400 Building Construction & Renovation $ 65,204,493 (Next 4 Years) Furniture & Fixtures $ 12,000,000 Equipment $ 34,000,000 Project Soft Cost $ 4,063,325 Community Investment /Abatement TTM Technologies, Inc. Project Description Fiscal Impact ($) Abatement Summary $15,937,385 Sales Tax Abatement $4,500,000 Mortgage Tax Abatement $825,000 Property Tax Relief (PILOT) $10,612,385 TTM Technologies Inc. are proposing construction of an approximately 214,770 square foot facility in the Town of Dewitt and corresponding renovations to their Community Investment $1,063,150,424 existing 164,215 square foot facility located on land adjacent to the new facility. PILOT Payments ( 30 yrs ) $16,026,540 Project Salaries and Benefits Estimate (10 yrs) $898,559,390 Construction Benefit Estimate $26,118,000 Total Project Cost $122,446,494 Investment:Abatement Ratio 66.71 :1 16 of 48 TTM Technologies, Inc.
for 30 years Property Tax Relief (PILOT) $10,612,385 TTM Technologies Inc. are proposing construction of an approximately 214,770 square foot facility in the Town of Dewitt and corresponding renovations to their Community Investment $1,063,150,424 existing 164,215 square foot facility located on land adjacent to the new facility. PILOT Payments ( 30 yrs ) $16,026,540 Project Salaries and Benefits Estimate (10 yrs) $898,559,390 Construction Benefit Estimate $26,118,000 Total Project Cost $122,446,494 Investment:Abatement Ratio 66.71 :1 16 of 48 TTM Technologies, Inc.
for 30 years OCIDA estimate of current market value $ 11,175,500 Projected investment $ 65,204,493 OCIDA estimate of increase in value $ 10,738,500 OCIDA estimated value after project is completed $ 21,914,000 Taxes that would have been collected if the project did not occur $ 13,585,074 Scheduled PILOT payments $ 16,026,540 OCIDA estimate of current market value $ 11,175,500 Projected investment $ 65,204,493 OCIDA estimate of increase in value $ 10,738,500 OCIDA estimated value after project is completed $ 21,914,000 Taxes that would have been collected if the project did not occur $ 13,585,074 Scheduled PILOT payments $ 16,026,540 County PILOT Full Tax Payment PILOT YEAR Exemption % Town School District Total PILOT Net Exemption Amount w/o PILOT 1 100% $ 41,500.38 $ 52,082.08 $ 241,288.57 $ 334,871.02 $ 656,647.44 $ 321,776.43 2 100% $ 42,330.38 $ 53,123.72 $ 246,114.34 $ 341,568.44 $ 669,780.39 $ 328,211.95 3 100% $ 43,176.99 $ 54,186.19 $ 251,036.63 $ 348,399.81 $ 683,176.00 $ 334,776.19 4 100% $ 44,040.53 $ 55,269.92 $ 256,057.36 $ 355,367.80 $ 696,839.52 $ 341,471.72 5 100% $ 44,921.34 $ 56,375.31 $ 261,178.50 $ 362,475.16 $ 710,776.31 $ 348,301.15 6 100% $ 45,819.77 $ 57,502.82 $ 266,402.07 $ 369,724.66 $ 724,991.84 $ 355,267.17 7 100% $ 46,736.16 $ 58,652.88 $ 271,730.12 $ 377,119.16 $ 739,491.67 $ 362,372.52 8 100% $ 47,670.89 $ 59,825.94 $ 277,164.72 $ 384,661.54 $ 754,281.51 $ 369,619.97 9 100% $ 48,624.30 $ 61,022.45 $ 282,708.01 $ 392,354.77 $ 769,367.14 $ 377,012.37 10 100% $ 49,596.79 $ 62,242.90 $ 288,362.17 $ 400,201.87 $ 784,754.48 $ 384,552.61 11 100% $ 50,588.73 $ 63,487.76 $ 294,129.42 $ 408,205.90 $ 800,449.57 $ 392,243.67 12 100% $ 51,600.50 $ 64,757.52 $ 300,012.01 $ 416,370.02 $ 816,458.56 $ 400,088.54 13 100% $ 52,632.51 $ 66,052.67 $ 306,012.25 $ 424,697.42 $ 832,787.73 $ 408,090.31 14 100% $ 53,685.16 $ 67,373.72 $ 312,132.49 $ 433,191.37 $ 849,443.49 $ 416,252.12 15 100% $ 54,758.86 $ 68,721.19 $ 318,375.14 $ 441,855.20 $ 866,432.36 $ 424,577.16 16 100% $ 55,854.04 $ 70,095.62 $ 324,742.64 $ 450,692.30 $ 883,761.01 $ 433,068.70 17 100% $ 56,971.12 $ 71,497.53 $ 331,237.50 $ 459,706.15 $ 901,436.23 $ 441,730.08 18 100% $ 58,110.54 $ 72,927.48 $ 337,862.25 $ 468,900.27 $ 919,464.95 $ 450,564.68 19 100% $ 59,272.76 $ 74,386.03 $ 344,619.49 $ 478,278.28 $ 937,854.25 $ 459,575.97 20 100% $ 60,458.21 $ 75,873.75 $ 351,511.88 $ 487,843.84 $ 956,611.33 $ 468,767.49 21 100% $ 61,667.38 $ 77,391.23 $ 358,542.12 $ 497,600.72 $ 975,743.56 $ 478,142.84 22 90% $ 68,944.83 $ 86,524.28 $ 400,854.19 $ 556,323.30 $ 995,258.43 $ 438,935.13 23 80% $ 76,488.72 $ 95,991.69 $ 444,715.34 $ 617,195.75 $ 1,015,163.60 $ 397,967.85 24 70% $ 84,306.79 $ 105,803.20 $ 490,170.58 $ 680,280.57 $ 1,035,466.87 $ 355,186.31 25 60% $ 92,406.98 $ 115,968.76 $ 537,266.15 $ 745,641.90 $ 1,056,176.21 $ 310,534.31 26 50% $ 100,797.46 $ 126,498.63 $ 586,049.48 $ 813,345.57 $ 1,077,299.73 $ 263,954.17 27 40% $ 109,486.59 $ 137,403.31 $ 636,569.23 $ 883,459.13 $ 1,098,845.73 $ 215,386.60 28 30% $ 118,482.97 $ 148,693.57 $ 688,875.35 $ 956,051.89 $ 1,120,822.64 $ 164,770.75 29 20% $ 127,795.41 $ 160,380.48 $ 743,019.09 $ 1,031,194.99 $ 1,143,239.10 $ 112,044.11 30 10% $ 137,432.96 $ 172,475.40 $ 799,053.03 $ 1,108,961.38 $ 1,166,103.88 $ 57,142.50 TOTAL $ 1,986,160.05 $ 2,492,588.03 $ 11,547,792.11 $ 16,026,540.19 $ 26,638,925.55 $ 10,612,385.36 County PILOT Full Tax Payment PILOT YEAR Exemption % Town School District Total PILOT Net Exemption Amount w/o PILOT 1 100% $ 41,500.38 $ 52,082.08 $ 241,288.57 $ 334,871.02 $ 656,647.44 $ 321,776.43 2 100% $ 42,330.38 $ 53,123.72 $ 246,114.34 $ 341,568.44 $ 669,780.39 $ 328,211.95 3 100% $ 43,176.99 $ 54,186.19 $ 251,036.63 $ 348,399.81 $ 683,176.00 $ 334,776.19 4 100% $ 44,040.53 $ 55,269.92 $ 256,057.36 $ 355,367.80 $ 696,839.52 $ 341,471.72 5 100% $ 44,921.34 $ 56,375.31 $ 261,178.50 $ 362,475.16 $ 710,776.31 $ 348,301.15 6 100% $ 45,819.77 $ 57,502.82 $ 266,402.07 $ 369,724.66 $ 724,991.84 $ 355,267.17 7 100% $ 46,736.16 $ 58,652.88 $ 271,730.12 $ 377,119.16 $ 739,491.67 $ 362,372.52 8 100% $ 47,670.89 $ 59,825.94 $ 277,164.72 $ 384,661.54 $ 754,281.51 $ 369,619.97 9 100% $ 48,624.30 $ 61,022.45 $ 282,708.01 $ 392,354.77 $ 769,367.14 $ 377,012.37 10 100% $ 49,596.79 $ 62,242.90 $ 288,362.17 $ 400,201.87 $ 784,754.48 $ 384,552.61 11 100% $ 50,588.73 $ 63,487.76 $ 294,129.42 $ 408,205.90 $ 800,449.57 $ 392,243.67 12 100% $ 51,600.50 $ 64,757.52 $ 300,012.01 $ 416,370.02 $ 816,458.56 $ 400,088.54 13 100% $ 52,632.51 $ 66,052.67 $ 306,012.25 $ 424,697.42 $ 832,787.73 $ 408,090.31 14 100% $ 53,685.16 $ 67,373.72 $ 312,132.49 $ 433,191.37 $ 849,443.49 $ 416,252.12 15 100% $ 54,758.86 $ 68,721.19 $ 318,375.14 $ 441,855.20 $ 866,432.36 $ 424,577.16 16 100% $ 55,854.04 $ 70,095.62 $ 324,742.64 $ 450,692.30 $ 883,761.01 $ 433,068.70 17 100% $ 56,971.12 $ 71,497.53 $ 331,237.50 $ 459,706.15 $ 901,436.23 $ 441,730.08 18 100% $ 58,110.54 $ 72,927.48 $ 337,862.25 $ 468,900.27 $ 919,464.95 $ 450,564.68 19 100% $ 59,272.76 $ 74,386.03 $ 344,619.49 $ 478,278.28 $ 937,854.25 $ 459,575.97 20 100% $ 60,458.21 $ 75,873.75 $ 351,511.88 $ 487,843.84 $ 956,611.33 $ 468,767.49 21 100% $ 61,667.38 $ 77,391.23 $ 358,542.12 $ 497,600.72 $ 975,743.56 $ 478,142.84 22 90% $ 68,944.83 $ 86,524.28 $ 400,854.19 $ 556,323.30 $ 995,258.43 $ 438,935.13 23 80% $ 76,488.72 $ 95,991.69 $ 444,715.34 $ 617,195.75 $ 1,015,163.60 $ 397,967.85 24 70% $ 84,306.79 $ 105,803.20 $ 490,170.58 $ 680,280.57 $ 1,035,466.87 $ 355,186.31 25 60% $ 92,406.98 $ 115,968.76 $ 537,266.15 $ 745,641.90 $ 1,056,176.21 $ 310,534.31 26 50% $ 100,797.46 $ 126,498.63 $ 586,049.48 $ 813,345.57 $ 1,077,299.73 $ 263,954.17 27 40% $ 109,486.59 $ 137,403.31 $ 636,569.23 $ 883,459.13 $ 1,098,845.73 $ 215,386.60 28 30% $ 118,482.97 $ 148,693.57 $ 688,875.35 $ 956,051.89 $ 1,120,822.64 $ 164,770.75 29 20% $ 127,795.41 $ 160,380.48 $ 743,019.09 $ 1,031,194.99 $ 1,143,239.10 $ 112,044.11 30 10% $ 137,432.96 $ 172,475.40 $ 799,053.03 $ 1,108,961.38 $ 1,166,103.88 $ 57,142.50 TOTAL $ 1,986,160.05 $ 2,492,588.03 $ 11,547,792.11 $ 16,026,540.19 $ 26,638,925.55 $ 10,612,385.36 Year
Jobs Current/Actuals 508 508 508 508 Creation Goals 15 60 245 80 Total Employment Goals 523 583 828 908 17 of 48 Year
Jobs Current/Actuals 508 508 508 508 Creation Goals 15 60 245 80 Total Employment Goals 523 583 828 908 17 of 48
1. 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.
2. 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.
3. If the OCIDA Board approves benefits, it is the company’s responsibility to obtain and submit all necessary forms and documents.
1. 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.
2. 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.
3. If the OCIDA Board approves benefits, it is the company’s responsibility to obtain and submit all necessary forms and documents.
4. All projects approved for benefits by the OCIDA Board will close with the Agency within 6-months of the OCIDA Board approval 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.
5. 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 https://extapps.dec.ny.gov/docs/permits_ej_operations_pdf/feafpart1.pdf 6. Public Officers Law stipulates all records in the possession of the Agency (with certain limited exceptions) are open to public inspection and reproduction. Should the Applicant believe there are project elements which are trade secrets if publicly disclosed or otherwise widely disseminated, would cause substantial injury to the Applicant’s competitive position, the 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 Agency may also redact personal, private, and/or proprietary information from publicly disseminated documents.
4. All projects approved for benefits by the OCIDA Board will close with the Agency within 6-months of the OCIDA Board approval 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.
5. 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 https://extapps.dec.ny.gov/docs/permits_ej_operations_pdf/feafpart1.pdf 6. Public Officers Law stipulates all records in the possession of the Agency (with certain limited exceptions) are open to public inspection and reproduction. Should the Applicant believe there are project elements which are trade secrets if publicly disclosed or otherwise widely disseminated, would cause substantial injury to the Applicant’s competitive position, the 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 Agency may also redact personal, private, and/or proprietary information from publicly disseminated documents.
7. The completed Application and associated fees MUST be received 10 business days prior to the upcoming OCIDA Board meeting in order to be placed on the agenda. A signed application may be submitted by mail, fax or electronically in PDF format to Nancy Lowery at svetlanadyer@ongov.net 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 This Application was adopted by the OCIDA Board on June 8, 2023.
Onondaga County Industrial Development Agency Page 1 18 of 48 Return completed application to:
Onondaga County Industrial Development Agency
Phone: 315-435-3770 | Fax: 315-435-3669 svetlanadyer@ongov.net
Submittal Date: _____________
A) Applicant/Project Operator information (company receiving benefits):
1. Applicant/Project Operator: __________________________________________________ TTM Technologies, Inc.
7. The completed Application and associated fees MUST be received 10 business days prior to the upcoming OCIDA Board meeting in order to be placed on the agenda. A signed application may be submitted by mail, fax or electronically in PDF format to Nancy Lowery at svetlanadyer@ongov.net 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 This Application was adopted by the OCIDA Board on June 8, 2023.
Onondaga County Industrial Development Agency Page 1 18 of 48 Return completed application to:
Onondaga County Industrial Development Agency
Phone: 315-435-3770 | Fax: 315-435-3669 svetlanadyer@ongov.net
Submittal Date: _____________
A) Applicant/Project Operator information (company receiving benefits):
1. Applicant/Project Operator: __________________________________________________ TTM Technologies, Inc.
Applicant/Project Operator Address: _______________________________________ Syracuse Campus - 6635 Kirkville Road, East Syracuse, NY __________
Phone: __________________________ (714) 327-3000 Fax: ________________________ __________ Website: ___________________________ www.ttm.com Email: _____________________ dan.weber@ttmtech.com ____________ Federal ID#: ________________________ 91-1033443 NAICS: ________________________________ 33418 and 336414 State of Incorporation: ____________________________________________________________ Delaware See link for your NYS incorporation information. https://apps.dos.ny.gov/publicInquiry 2. Owner (if different from Applicant/Project Operator): ____________________________ See attachment
Applicant/Project Operator Address: _______________________________________ Syracuse Campus - 6635 Kirkville Road, East Syracuse, NY __________
Phone: __________________________ (714) 327-3000 Fax: ________________________ __________ Website: ___________________________ www.ttm.com Email: _____________________ dan.weber@ttmtech.com ____________ Federal ID#: ________________________ 91-1033443 NAICS: ________________________________ 33418 and 336414 State of Incorporation: ____________________________________________________________ Delaware See link for your NYS incorporation information. https://apps.dos.ny.gov/publicInquiry 2. Owner (if different from Applicant/Project Operator): ____________________________ See attachment Owner Address: __________________________________________________________ Federal ID#: ______________________________________________________________ State of Incorporation: ______________________________________________________ List of stockholders, members, or partners of Owner: ____________________________ _ B) Applicant Business Organization (check appropriate category):
☐ Corporation ☐ Partnership ☐ Public Corporation ☐ Joint Venture ☐ Sole Proprietorship ☐ Limited Liability Company ☐ Other, explain List all stockholders, members, or partners with % of ownership greater than 5%: Name % of ownership ___________________________________ TTM Technologies, Inc. is a publicly traded company. _________________________________ ___________________________________ Ownership fluctuates, but TTM reports annually the _________________________________ ___________________________________ shareholders with ownership greater than 5%. _________________________________ ___________________________________ See TTM's SEC Schedule 14A, page 23. _________________________________ Owner Address: __________________________________________________________ Federal ID#: ______________________________________________________________ State of Incorporation: ______________________________________________________ List of stockholders, members, or partners of Owner: ____________________________ _ B) Applicant Business Organization (check appropriate category):
☐ Corporation ☐ Partnership ☐ Public Corporation ☐ Joint Venture ☐ Sole Proprietorship ☐ Limited Liability Company ☐ Other, explain List all stockholders, members, or partners with % of ownership greater than 5%: Name % of ownership ___________________________________ TTM Technologies, Inc. is a publicly traded company. _________________________________ ___________________________________ Ownership fluctuates, but TTM reports annually the _________________________________ ___________________________________ shareholders with ownership greater than 5%. _________________________________ ___________________________________ See TTM's SEC Schedule 14A, page 23. _________________________________ Onondaga County Industrial Development Agency Page 2 19 of 48 C) Applicant Business Description:
Estimated % of sales within Onondaga County: _________________________________ 0.22% Estimated % of sales outside Onondaga County but within New York State: ___________ 4.0% Estimated % of sales outside New York State but within the U.S.: __________________ 77.38% Estimated % of sales outside the U.S.: (*Percentage to equal 100%) ________________ 18.4%
Applicant /Owner History: 1. Is the Owner and/or Applicant or any manager or owner of the Owner and/or Applicant now a plaintiff or defendant in any civil or criminal litigation? ☐ No ☐ Yes, explain 2. Has any owner of manager of the Owner and/or Applicant listed above ever been convicted of a criminal offense (other than a minor traffic violation)? ☐ No ☐ Yes, explain 3. Has any person listed in Section I ever been in receivership or declared bankruptcy? ☐ No ☐ Yes, explain Onondaga County Industrial Development Agency Page 2 19 of 48 C) Applicant Business Description:
Estimated % of sales within Onondaga County: _________________________________ 0.22% Estimated % of sales outside Onondaga County but within New York State: ___________ 4.0% Estimated % of sales outside New York State but within the U.S.: __________________ 77.38% Estimated % of sales outside the U.S.: (*Percentage to equal 100%) ________________ 18.4%
Applicant /Owner History: 1. Is the Owner and/or Applicant or any manager or owner of the Owner and/or Applicant now a plaintiff or defendant in any civil or criminal litigation? ☐ No ☐ Yes, explain 2. Has any owner of manager of the Owner and/or Applicant listed above ever been convicted of a criminal offense (other than a minor traffic violation)? ☐ No ☐ Yes, explain 3. Has any person listed in Section I ever been in receivership or declared bankruptcy? ☐ No ☐ Yes, explain D) Has the Applicant/Owner received assistance from Onondaga County Industrial Development Agency (OCIDA, Syracuse Industrial Development Agency (SIDA), New York State or the Onondaga Civic Development Corporation (OCDC) in the past?
☐No ☐ Yes, explain (Provide year, project name, benefit description, amounts, address) See narrative.
E) Individual Completing Application:
Name: Joseph Schneider Title: _______________________________ VIce President, General Counsel A&D BU Address: 200 E. Sandpointe, Suite 400, Santa Ana, CA 92707 Phone: ______________________________ (314) 719-1840 Cell Phone: E-mail:______________________________ joe.schneider@ttmtech.com F) Company Contact (if different from individual completing application):
Name: Dan Weber Title: ____________________________ Executive Vice President and General Counsel Address: 200 E. Sandpointe, Suite 400, Santa Ana, CA 92707 Phone: ___________________________ (314) 746-2205 D) Has the Applicant/Owner received assistance from Onondaga County Industrial Development Agency (OCIDA, Syracuse Industrial Development Agency (SIDA), New York State or the Onondaga Civic Development Corporation (OCDC) in the past?
☐No ☐ Yes, explain (Provide year, project name, benefit description, amounts, address) See narrative.
E) Individual Completing Application:
Name: Joseph Schneider Title: _______________________________ VIce President, General Counsel A&D BU Address: 200 E. Sandpointe, Suite 400, Santa Ana, CA 92707 Phone: ______________________________ (314) 719-1840 Cell Phone: E-mail:______________________________ joe.schneider@ttmtech.com F) Company Contact (if different from individual completing application):
Name: Dan Weber Title: ____________________________ Executive Vice President and General Counsel Address: 200 E. Sandpointe, Suite 400, Santa Ana, CA 92707 Phone: ___________________________ (314) 746-2205 Cell Phone: Email: ___________________________ dan.weber@ttmtech.com Onondaga County Industrial Development Agency Page 3 20 of 48 G) Company Counsel:
Name of Attorney: _____________________________________________________________ Kevin McAuliffe Firm Name: __________________________________________________________________ Barclay Damon Address: _____________________________________________________________________ Barclay Damon Tower, 125 East Jefferson Street, Syracuse, NY 13202 Phone: ______________________________________________________________________ (315) 425-2875 Cell Phone: ___________________________________________________________________ Email: _______________________________________________________________________ kmcauliffe@barclaydamon.com Onondaga County Industrial Development Agency Page 4 21 of 48
Cell Phone: Email: ___________________________ dan.weber@ttmtech.com Onondaga County Industrial Development Agency Page 3 20 of 48 G) Company Counsel:
Name of Attorney: _____________________________________________________________ Kevin McAuliffe Firm Name: __________________________________________________________________ Barclay Damon Address: _____________________________________________________________________ Barclay Damon Tower, 125 East Jefferson Street, Syracuse, NY 13202 Phone: ______________________________________________________________________ (315) 425-2875 Cell Phone: ___________________________________________________________________ Email: _______________________________________________________________________ kmcauliffe@barclaydamon.com Onondaga County Industrial Development Agency Page 4 21 of 48
A) Project Location is where the investment will take place. If Applicant is moving, the new
location should be entered here and the current location should be in Section I. Address: 6635 Kirkville Road-6457/6473/6485/6493 Fly Road Legal Address (if different):
City: Town: _______________Village: DeWitt Zip Code: 13057 School District: East Syracuse Minoa Tax Map Parcel ID(s): 039.-07-06.0; 039.-07-06.0/01; 037.-10-04.4; 037.-10-05.1 (existing), 037.-10-04.1, 037.-10-03.1, 037.-10-02.1, 037.-10-01.1 Full Market Value: _______________ See attached Square Footage of Existing Building(s):_______________ See attached B) Project Activity (Check all that apply):
☐ New construction ☐ Acquisition of existing facility ☐ Expansion to current facilities ☐ Brownfield/Remediated Brownfield ☐ Renovation of existing facility ☐ Demolition and construction ☐ Purchase of machinery/equipment A) Project Location is where the investment will take place. If Applicant is moving, the new
location should be entered here and the current location should be in Section I. Address: 6635 Kirkville Road-6457/6473/6485/6493 Fly Road Legal Address (if different):
City: Town: _______________Village: DeWitt Zip Code: 13057 School District: East Syracuse Minoa Tax Map Parcel ID(s): 039.-07-06.0; 039.-07-06.0/01; 037.-10-04.4; 037.-10-05.1 (existing), 037.-10-04.1, 037.-10-03.1, 037.-10-02.1, 037.-10-01.1 Full Market Value: _______________ See attached Square Footage of Existing Building(s):_______________ See attached B) Project Activity (Check all that apply):
☐ New construction ☐ Acquisition of existing facility ☐ Expansion to current facilities ☐ Brownfield/Remediated Brownfield ☐ Renovation of existing facility ☐ Demolition and construction ☐ Purchase of machinery/equipment C) Select Project Type or Project End Use at site (you may check more than one): ☐ Manufacturing ☐ Mixed Use ☐ Retail (see Section V) ☐ Facility of Aging ☐ Housing Project (see Section VII) ☐ Distribution/Wholesale ☐ Civic Facility (not for profit) ☐ Commercial ☐ Industrial ☐ Renewable Energy Project (see Section VI) ☐ Other, explain Critical support for the Defense Industry for advance PCB's D) Project Narrative: Please check one of the two boxes below and attach statement. ☐ A statement that the Project described in this application would not be undertaken but for the financial assistance provided by the Agency.
☐ If the Project is going to advance regardless of any financial assistance from the Agency, please provide a statement indicating why the project should be considered by the Agency for any financial assistance.
Onondaga County Industrial Development Agency Page 5 22 of 48 C) Select Project Type or Project End Use at site (you may check more than one): ☐ Manufacturing ☐ Mixed Use ☐ Retail (see Section V) ☐ Facility of Aging ☐ Housing Project (see Section VII) ☐ Distribution/Wholesale ☐ Civic Facility (not for profit) ☐ Commercial ☐ Industrial ☐ Renewable Energy Project (see Section VI) ☐ Other, explain Critical support for the Defense Industry for advance PCB's D) Project Narrative: Please check one of the two boxes below and attach statement. ☐ A statement that the Project described in this application would not be undertaken but for the financial assistance provided by the Agency.
☐ If the Project is going to advance regardless of any financial assistance from the Agency, please provide a statement indicating why the project should be considered by the Agency for any financial assistance.
Onondaga County Industrial Development Agency Page 5 22 of 48 E) Description of Project: Please attach a detailed narrative of the proposed Project. Please attached 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;
☐ (v) describe your method for site control (Own, lease, other).
F) 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?
☐ No ☐ Yes G) Please describe any compelling circumstances the Agency should be aware of while reviewing this application.
H) Local Approvals (Site Plan and Environmental Review) Have site plans been submitted to the appropriate town or local planning department? ☐ No. When will the plans be submitted? _____☐ Yes, what is the status?______See attached E) Description of Project: Please attach a detailed narrative of the proposed Project. Please attached 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;
☐ (v) describe your method for site control (Own, lease, other).
F) 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?
☐ No ☐ Yes G) Please describe any compelling circumstances the Agency should be aware of while reviewing this application.
H) Local Approvals (Site Plan and Environmental Review) Have site plans been submitted to the appropriate town or local planning department? ☐ No. When will the plans be submitted? _____☐ Yes, what is the status?______See attached Has the project received site plan approval from the town or local planning board? ☐ No, anticipated approval date. _____ April 2024 ☐Yes, date ______ 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: https://extapps.dec.ny.gov/docs/permits_ej_operations_pdf/feafpart1.pdf b. Has Lead Agency been established? ☐ No ☐ Yes, name of Lead Agency __________________ Town of DeWitt (1/25/24) c. Have any environmental issues been identified on the property?
☐ No ☐ Yes, explain Onondaga County Industrial Development Agency Page 6 23 of 48
A) Project Costs and Finances Description of Costs Total Budget Amount Land Acquisition $3,000,000 Has the project received site plan approval from the town or local planning board? ☐ No, anticipated approval date. _____ April 2024 ☐Yes, date ______ 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: https://extapps.dec.ny.gov/docs/permits_ej_operations_pdf/feafpart1.pdf b. Has Lead Agency been established? ☐ No ☐ Yes, name of Lead Agency __________________ Town of DeWitt (1/25/24) c. Have any environmental issues been identified on the property?
☐ No ☐ Yes, explain Onondaga County Industrial Development Agency Page 6 23 of 48
A) Project Costs and Finances Description of Costs Total Budget Amount Land Acquisition $3,000,000 Site Work/Demo $4,178,676 Building Construction & Renovation $65,204,493 Furniture & Fixtures $12,000,000 Equipment $34,000,000 Engineering/Architectural Design Legal Management/Developer Fees Additional Soft Cost $4,063,325 Management/Developer Fees project Other-explain cost Management/Developer Total Project Cost Fees projecthave Please costdocumentation available upon request. Do not include OCIDA fees, OCIDA application fees or OCIDA legal fees as part of the Total Project Cost.
B) TOTAL Project Costs $__________________
Sources of Funds for Project Costs:
1. Bank Financing $__________________
2. Equity $__________________
Site Work/Demo $4,178,676 Building Construction & Renovation $65,204,493 Furniture & Fixtures $12,000,000 Equipment $34,000,000 Engineering/Architectural Design Legal Management/Developer Fees Additional Soft Cost $4,063,325 Management/Developer Fees project Other-explain cost Management/Developer Total Project Cost Fees projecthave Please costdocumentation available upon request. Do not include OCIDA fees, OCIDA application fees or OCIDA legal fees as part of the Total Project Cost.
B) TOTAL Project Costs $__________________
Sources of Funds for Project Costs:
1. Bank Financing $__________________
2. Equity $__________________
3. Tax Exempt Bond Issuance (if applicable) $__________________ 4. Taxable Bond Issuance (if applicable) $__________________
grants and tax credits) $__________________ -Identify each state and federal grant/credit:
__________________________________ ESD Grant (Discretionary) $__________________
__________________________________ $__________________ __________________________________ $__________________ 6. Total Sources of Funds for Project Costs $__________________
Onondaga County Industrial Development Agency Page 24 of 48 7 C) Employment and Payroll Information Full Time Equivalent (FTE) is defined as one employee working no less than 35 hours per week or two or more employees together working a total of 35 hours per week. 3. Tax Exempt Bond Issuance (if applicable) $__________________ 4. Taxable Bond Issuance (if applicable) $__________________
grants and tax credits) $__________________ -Identify each state and federal grant/credit:
__________________________________ ESD Grant (Discretionary) $__________________
__________________________________ $__________________ __________________________________ $__________________ 6. Total Sources of Funds for Project Costs $__________________
Onondaga County Industrial Development Agency Page 24 of 48 7 C) Employment and Payroll Information Full Time Equivalent (FTE) is defined as one employee working no less than 35 hours per week or two or more employees together working a total of 35 hours per week.
☐ No ☐ Yes, provide number of FTE jobs at the project site ___________ 508 If you are relocating, are all employees moving to new site? ☐ No, explain ☐ Yes
Estimate the number of FTE jobs to be retained as a result of this Project: 508 Estimate the number of construction jobs to be created by this Project: 300 Estimate the average length of construction jobs to be created (months): 24 Current annual payroll including the benefit cost: $53,602,082.87 Average salary amount that is an employee benefit (%): 26% Average annual growth salary/wage rate (%) 3% Provide an estimate of the number of residents in the Economic Development Region (Onondaga, Madison, Cayuga, Oneida, Oswego, and Cortland Counties) to fill new FTE jobs:
400 D) New Employment Benefits Complete the following chart indicating the number of FTE jobs currently employed by the
Applicant, FTE jobs currently 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.
☐ No ☐ Yes, provide number of FTE jobs at the project site ___________ 508 If you are relocating, are all employees moving to new site? ☐ No, explain ☐ Yes
Estimate the number of FTE jobs to be retained as a result of this Project: 508 Estimate the number of construction jobs to be created by this Project: 300 Estimate the average length of construction jobs to be created (months): 24 Current annual payroll including the benefit cost: $53,602,082.87 Average salary amount that is an employee benefit (%): 26% Average annual growth salary/wage rate (%) 3% Provide an estimate of the number of residents in the Economic Development Region (Onondaga, Madison, Cayuga, Oneida, Oswego, and Cortland Counties) to fill new FTE jobs:
400 D) New Employment Benefits Complete the following chart indicating the number of FTE jobs currently employed by the
Applicant, FTE jobs currently 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. Onondaga County Industrial Development Agency Page 25 of 48 8 Please use this chart to illustrate the current employment:
Job Title/Category Current Annual Pay Current Employment (FTE) Production Operator $53,235.42 41 Inspection, Shipping, Wet Lab $60,172.53 33 All Tech A, CAM Op, IT $82,672.79 59 Eng. and Planning $89,185.01 13 HR, EHSS, Test Eng. PM, EPM $111,821.75 28 SG&S, Eng. M/T, Test M2, More $87,031.65 334 Please use this chart to illustrate the projected employment growth:
Job Title/Category Current Annual Pay FTE Jobs Created FTE Jobs Created FTE Jobs Created Year 1 Year 2 Year 3 * *See Addendum E) Financial Assistance sought:
☐ Real Property Tax Abatement (PILOT): Agency Staff will provide draft and final PILOT schedule: _____________________ Onondaga County Industrial Development Agency Page 25 of 48 8 Please use this chart to illustrate the current employment:
Job Title/Category Current Annual Pay Current Employment (FTE) Production Operator $53,235.42 41 Inspection, Shipping, Wet Lab $60,172.53 33 All Tech A, CAM Op, IT $82,672.79 59 Eng. and Planning $89,185.01 13 HR, EHSS, Test Eng. PM, EPM $111,821.75 28 SG&S, Eng. M/T, Test M2, More $87,031.65 334 Please use this chart to illustrate the projected employment growth:
Job Title/Category Current Annual Pay FTE Jobs Created FTE Jobs Created FTE Jobs Created Year 1 Year 2 Year 3 * *See Addendum E) Financial Assistance sought:
☐ Real Property Tax Abatement (PILOT): Agency Staff will provide draft and final PILOT schedule: _____________________ ☐ Mortgage Recording Tax Exemption (.75% of mortgage): _____________________ $825,000 ☐ Sales and Use Tax Exemption (4% Local, 4% State): _________________________ $4,500,000 ☐ Tax Exempt Bond Financing (Amount Requested): ___________________________ ☐ Taxable Bond Financing (Amount Requested):
Onondaga County Industrial Development Agency Page 26 of 48 9 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): $ 110,000,000 Estimated Mortgage Recording Tax Exemption Benefit (product of mortgage amount as indicated above, multiplied by .0075): $ 825,000 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: $_____________
☐ Mortgage Recording Tax Exemption (.75% of mortgage): _____________________ $825,000 ☐ Sales and Use Tax Exemption (4% Local, 4% State): _________________________ $4,500,000 ☐ Tax Exempt Bond Financing (Amount Requested): ___________________________ ☐ Taxable Bond Financing (Amount Requested):
Onondaga County Industrial Development Agency Page 26 of 48 9 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): $ 110,000,000 Estimated Mortgage Recording Tax Exemption Benefit (product of mortgage amount as indicated above, multiplied by .0075): $ 825,000 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: $_____________
Estimated State and local Sales and Use Tax Benefit (product of 8% multiplied by the figure, above): $_____________
Onondaga County Industrial Development Agency 27Page of 48 10
This section of the Application will be: (i) completed by Agency 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 State and local Sales and Use Tax Benefit (product of 8% multiplied by the figure, above): $_____________
Onondaga County Industrial Development Agency 27Page of 48 10
This section of the Application will be: (i) completed by Agency 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 County Local School Full Tax PILOT Total Exemption PILOT PILOT PILOT Payment Net Exemption Year Amount Amount Amount
% w/o PILOT
Estimates provided are based on current property tax rates and assessment value (current as of date of application submission) and have been calculated by IDA staff.
Onondaga County Industrial Development Agency 28Page of 48 11 County Local School Full Tax PILOT Total Exemption PILOT PILOT PILOT Payment Net Exemption Year Amount Amount Amount
% w/o PILOT
Estimates provided are based on current property tax rates and assessment value (current as of date of application submission) and have been calculated by IDA staff.
Onondaga County Industrial Development Agency 28Page of 48 11
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 If yes, please answer, questions 2, 3 and/or 4 below.
If yes, please explain how much the project will exceed one-third of the total project cost.
2. Is the Project located in a distressed area? A distressed area is a census tract that has a) A poverty rate of at 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 If yes, please provide the data and explain.
3. Is the Project likely to attract a significant number of visitors from outside of the economic development region?
☐ Yes ☐ No If yes, please provide a third party market study.
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 If yes, please answer, questions 2, 3 and/or 4 below.
If yes, please explain how much the project will exceed one-third of the total project cost.
2. Is the Project located in a distressed area? A distressed area is a census tract that has a) A poverty rate of at 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 If yes, please provide the data and explain.
3. Is the Project likely to attract a significant number of visitors from outside of the economic development region?
☐ Yes ☐ No If yes, please provide a third party market study.
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 If yes, please provide data and explain.
Onondaga County Industrial Development Agency 29Page of 48 12 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 If yes, please provide data and explain.
Onondaga County Industrial Development Agency 29Page of 48 12
Please answer all the questions as an addendum to this application: 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, and village where the Project is located?
☐ Yes, please provide copy of the letter.
☐ 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 of the letter.
☐ No
☐ Yes ☐ No, 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 answer all the questions as an addendum to this application: 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, and village where the Project is located?
☐ Yes, please provide copy of the letter.
☐ 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 of the letter.
☐ No
☐ Yes ☐ No, 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 Onondaga County Industrial Development Agency 30Page of 48 13 OCIDA Solar PILOTs Guidance and Best Practice OCIDA SOLAR PILOTs GUIDANCE AND BEST PRACTICE To be placed on the Agency meeting agenda, proposed solar projects must provide the Agency with the following in advance of the Project’s first OCIDA Board meeting:
*PLEASE SEE FOLLOWING PAGE FOR OCIDA SOLAR GUIDANCE & BEST PRACTICE Onondaga County Industrial Development Agency 30Page of 48 13 OCIDA Solar PILOTs Guidance and Best Practice OCIDA SOLAR PILOTs GUIDANCE AND BEST PRACTICE To be placed on the Agency meeting agenda, proposed solar projects must provide the Agency with the following in advance of the Project’s first OCIDA Board meeting:
1. Fully completed OCIDA application.
2. Copy of Environmental Assessment Form.
3. A SEQR resolution approved by a local municipality indicating the municipality that is 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 than entire parcel then see 5 above.
7. A supporting document from the local town, village, city, and/or school district outlining the agreed upon cost per megawatt to be used as a basis for the PILOT. The Agency 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 Agency approval process. Agency staff are available to update these two documents as needed.
1. Fully completed OCIDA application.
2. Copy of Environmental Assessment Form.
3. A SEQR resolution approved by a local municipality indicating the municipality that is 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 than entire parcel then see 5 above.
7. A supporting document from the local town, village, city, and/or school district outlining the agreed upon cost per megawatt to be used as a basis for the PILOT. The Agency 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 Agency approval process. Agency staff are available to update these two documents as needed.
Onondaga County Industrial Development Agency 31Page of 48 14 Onondaga County Industrial Development Agency 31Page of 48 14
Please answer all the questions as an addendum to this application:
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? If yes, please describe.
3. Is the Project fulfilling an unmet need in the area? If yes, 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? If yes, please provide written documentation. 6. Is the Project considered infill in a populated area? If yes, please explain. 7. Does the Project provide walkability? If yes, 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? If yes, please describe. Onondaga County Industrial Development Agency 32Page of 48 15 Section VIII: Local Access Policy Agreement '.
Please answer all the questions as an addendum to this application:
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? If yes, please describe.
3. Is the Project fulfilling an unmet need in the area? If yes, 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? If yes, please provide written documentation. 6. Is the Project considered infill in a populated area? If yes, please explain. 7. Does the Project provide walkability? If yes, 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? If yes, please describe. Onondaga County Industrial Development Agency 32Page of 48 15 Section VIII: Local Access Policy Agreement '. In absence of a waiver permitting otherwise, every project seeki11g 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 constrnction or project manager need not be a local company. Noncompliance may result in the revocation and/or recapture of all benefits extended to the project by the Agency. Local Labor is defined as laborers permanently residing in the State of New York counties of Cayuga, Cortland, Herkimer, Jefferson, Madison, Oneida, Onondaga, Oswego, Tompkins, and Wayne. Local (General/Sub) Contractor is defined as a contractor operating a permanent office in the State of New York counties of Cayuga, Cortland, Herkimer, Jefferson,Madison, Oneida, Onondaga, Oswego, Tompkins and Wayne. The Agency may determine on a case-by-case basis to waive the Local Access Policy for a project or for a portion of a project where consideration of warranty issues, necessity of specialized skills, significant cost differentials between local and non-local services or other compelling circumstances exist. The procedure to address a local labor waiver can be found in the OCIDA handbook, which is available upon request. In absence of a waiver permitting otherwise, every project seeki11g 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 constrnction or project manager need not be a local company. Noncompliance may result in the revocation and/or recapture of all benefits extended to the project by the Agency. Local Labor is defined as laborers permanently residing in the State of New York counties of Cayuga, Cortland, Herkimer, Jefferson, Madison, Oneida, Onondaga, Oswego, Tompkins, and Wayne. Local (General/Sub) Contractor is defined as a contractor operating a permanent office in the State of New York counties of Cayuga, Cortland, Herkimer, Jefferson,Madison, Oneida, Onondaga, Oswego, Tompkins and Wayne. The Agency may determine on a case-by-case basis to waive the Local Access Policy for a project or for a portion of a project where consideration of warranty issues, necessity of specialized skills, significant cost differentials between local and non-local services or other compelling circumstances exist. The procedure to address a local labor waiver can be found in the OCIDA handbook, which is available upon request. In consideration of the extension of financial assistance by the Agency _________ (the Company understands the Local Access Policy and agrees to abide by it. The Company understands that an Agency tax-exempt ce1iificate is typically valid for 12 months from the effective date of the project inducement and extended thereafter upon request by the Company. The Company forther understands that any request for a waiver to this policy must be submitted in writing and approved by the Agency.
l agree to the conditions of this agreement and certify all information provided regarding the
construction and employment activities for the project as of_______ (date). If there are two applicants (Real Estate Holding and Operating Company) both need to complete this page.
In consideration of the extension of financial assistance by the Agency _________ (the Company understands the Local Access Policy and agrees to abide by it. The Company understands that an Agency tax-exempt ce1iificate is typically valid for 12 months from the effective date of the project inducement and extended thereafter upon request by the Company. The Company forther understands that any request for a waiver to this policy must be submitted in writing and approved by the Agency.
l agree to the conditions of this agreement and certify all information provided regarding the
construction and employment activities for the project as of_______ (date). If there are two applicants (Real Estate Holding and Operating Company) both need to complete this page.
Applicant(s) Company: _TTM _ _Technologies, _ _ _ _ _Inc.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ Dan Weber, EVP & General Counsel Representative for Contract: __________________________ _ 200 E. Sandpointe, Suite 400 Address: _____________ Santa Ana City: _______ CA Zip: ____ State: ____ 92707 _ (314) 746-2205 -:,,a..-,,,,----Email: __________________ Phone:. ________ dan.weber@ttmtech.com _ Project Address: 6635 Kirkville Road ~~ _:~-----""·· East_____ Syracuse State: _NY 13057 _ _Zip: _____ Signature: -----'~=-~-~'---~-~~c__-,.__= - - ~ - - - - - - - - - - - - - - - - - - - - - General C o n t r a c t o r : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Contact Person: ________________________________ Address: _____________ City: _______ State: _ _ _ Zip: _____ Phone: Email: __________________ Authorized Representative: _______________Title: ___________ Signature:----------------------------------
Applicant(s) Company: _TTM _ _Technologies, _ _ _ _ _Inc.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ Dan Weber, EVP & General Counsel Representative for Contract: __________________________ _ 200 E. Sandpointe, Suite 400 Address: _____________ Santa Ana City: _______ CA Zip: ____ State: ____ 92707 _ (314) 746-2205 -:,,a..-,,,,----Email: __________________ Phone:. ________ dan.weber@ttmtech.com _ Project Address: 6635 Kirkville Road ~~ _:~-----""·· East_____ Syracuse State: _NY 13057 _ _Zip: _____ Signature: -----'~=-~-~'---~-~~c__-,.__= - - ~ - - - - - - - - - - - - - - - - - - - - - General C o n t r a c t o r : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Contact Person: ________________________________ Address: _____________ City: _______ State: _ _ _ Zip: _____ Phone: Email: __________________ Authorized Representative: _______________Title: ___________ Signature:---------------------------------- Onondaga County Industrial Development Agency Page 16 33 of 48
* Minimum Fee to be applied to all project receiving OCIDA benefits is 1% of the Total Project Cost (TPC) ACTIVITY FEES COMMENTS Non- refundable Application Fee (All projects $1,000 except Solar Projects) Due at time of application Non-refundable Application Fee (Solar $10,000 Projects Only) Legal Deposit (All projects except Solar $2,500 Due at time of Projects) application Legal Deposit (Solar Projects Only) $5,000 Minimum Fee of 1% of TPC 1. Sales and Use Tax Exemption .01 X TPC Due at closing
3. PILOT is an additional fee .0025 X TPC (total X .0125) 4. Bond refinancing .0025 X TPC (total X .015) Onondaga County Industrial Development Agency Page 16 33 of 48
* Minimum Fee to be applied to all project receiving OCIDA benefits is 1% of the Total Project Cost (TPC) ACTIVITY FEES COMMENTS Non- refundable Application Fee (All projects $1,000 except Solar Projects) Due at time of application Non-refundable Application Fee (Solar $10,000 Projects Only) Legal Deposit (All projects except Solar $2,500 Due at time of Projects) application Legal Deposit (Solar Projects Only) $5,000 Minimum Fee of 1% of TPC 1. Sales and Use Tax Exemption .01 X TPC Due at closing
3. PILOT is an additional fee .0025 X TPC (total X .0125) 4. Bond refinancing .0025 X TPC (total X .015) Projects that exceed $250,000,000 in Total Project Cost and/or create in excess of 500 new jobs, may be eligible to negotiate a non- TBD based on Executive Director Due at closing standard Agency fee with the Executive determination Director.
Agency Legal Fees Due at closing Fee for first $20 million .0025 X of the project cost or bond amount ..
Fee for expenses above $20 million .00125 X of project cost or bond amount Amendment or Modification of IDA documents, including but not limited to name $2500 All Projects (except Solar or organization change, refinancing, etc. Project) Due at time of Consent to the amendment or modification of $4500 Solar Projects Request IDA documents prior to closing on the project Attorney fees determined by shall be given at OCIDA’s sole and absolute OCIDA Legal Representative. discretion.
Projects that exceed $250,000,000 in Total Project Cost and/or create in excess of 500 new jobs, may be eligible to negotiate a non- TBD based on Executive Director Due at closing standard Agency fee with the Executive determination Director.
Agency Legal Fees Due at closing Fee for first $20 million .0025 X of the project cost or bond amount ..
Fee for expenses above $20 million .00125 X of project cost or bond amount Amendment or Modification of IDA documents, including but not limited to name $2500 All Projects (except Solar or organization change, refinancing, etc. Project) Due at time of Consent to the amendment or modification of $4500 Solar Projects Request IDA documents prior to closing on the project Attorney fees determined by shall be given at OCIDA’s sole and absolute OCIDA Legal Representative. discretion.
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