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315.435.3770 • ECONOMICDEVELOPMENT@ONGOV.NET Regular Meeting Agenda May 9, 2024 8:30 AM Call to Order the Regular Meeting of the Agency A. Approval of Minutes: April 11, 2024 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items:
1. Project Termination and Recapture of Benefits for Immediate Mailing Services, Inc. and 245 Commerce LLC (3101-21-15B) Agency Action Requested:
a. A resolution of the Board recapturing benefits and terminating a Project with Immediate Mailing Services, Inc. and 245 Commerce LLC and directing execution of termination documents with respect thereto.
Representative: Robert Petrovich, Executive Director, OCIDA
315.435.3770 • ECONOMICDEVELOPMENT@ONGOV.NET Regular Meeting Agenda May 9, 2024 8:30 AM Call to Order the Regular Meeting of the Agency A. Approval of Minutes: April 11, 2024 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items:
1. Project Termination and Recapture of Benefits for Immediate Mailing Services, Inc. and 245 Commerce LLC (3101-21-15B) Agency Action Requested:
a. A resolution of the Board recapturing benefits and terminating a Project with Immediate Mailing Services, Inc. and 245 Commerce LLC and directing execution of termination documents with respect thereto.
Representative: Robert Petrovich, Executive Director, OCIDA 2. Clinton's Ditch Co-Operative Company, Inc. (3101-24-03A) Clinton's Ditch Co-Operative Company, Inc, is proposing to expand their existing 274,000 SF facility in the Town of Cicero by adding approximately 100,000 SF. The addition will include a two-story office space, a chemical storage area and a small waste treatment building. The company is also proposing to construct a new 19,520 SF truck repair facility to support their fleet of tractors and trailers. The applicant is requesting exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes, and mortgage recording taxes.
Agency Action Requested:
a. A resolution of the Board to authorize a public hearing.
Representative: JonElle Baskin-Kelley and John Anthony Dunn
Old Thompson Road, LLC is requesting an amendment to its existing straight lease transaction it entered into with the Agency in 2017 and modified in 2018 in connection with its proposal to design and construct an extension of approximately 82,320 SF at Feldmeier's existing facility in the Town of DeWitt. The applicant is requesting exemptions from certain sales and use taxes, real property taxes, and mortgage recording taxes.
2. Clinton's Ditch Co-Operative Company, Inc. (3101-24-03A) Clinton's Ditch Co-Operative Company, Inc, is proposing to expand their existing 274,000 SF facility in the Town of Cicero by adding approximately 100,000 SF. The addition will include a two-story office space, a chemical storage area and a small waste treatment building. The company is also proposing to construct a new 19,520 SF truck repair facility to support their fleet of tractors and trailers. The applicant is requesting exemptions from certain sales and use taxes, real property taxes, real estate transfer taxes, and mortgage recording taxes.
Agency Action Requested:
a. A resolution of the Board to authorize a public hearing.
Representative: JonElle Baskin-Kelley and John Anthony Dunn
Old Thompson Road, LLC is requesting an amendment to its existing straight lease transaction it entered into with the Agency in 2017 and modified in 2018 in connection with its proposal to design and construct an extension of approximately 82,320 SF at Feldmeier's existing facility in the Town of DeWitt. The applicant is requesting exemptions from certain sales and use taxes, real property taxes, and mortgage recording taxes.
Agency Action Requested:
a. A resolution of the Board describing the proposed project and the financial assistance the Agency may provide and authorizing a public hearing for the project. The financial assistance requested include (i) a partial exemption from the additional property taxes that would otherwise be due but for the Agency’s involvement in the Project and (ii) an exemption from sales and use tax and mortgage recording tax. Representative: Kevin McAuliffe, Amy Lawler, Colby Clark Adjourn Onondaga County Industrial Development Agency Regular Meeting Minutes April 11, 2024 A regular meeting of the Onondaga County Industrial Development Agency was held on Thursday, April 11, 2024, 335 Montgomery Street, Floor 2M, Syracuse, New York.
Pat Hogan called the meeting to order at 8:30 AM with the following:
PRESENT:
Pat Hogan Susan Stanczyk Kevin Ryan Cydney Johnson Elizabeth Dreyfuss Fanny Villareal
ABSENT:
Janice Herzog Agency Action Requested:
a. A resolution of the Board describing the proposed project and the financial assistance the Agency may provide and authorizing a public hearing for the project. The financial assistance requested include (i) a partial exemption from the additional property taxes that would otherwise be due but for the Agency’s involvement in the Project and (ii) an exemption from sales and use tax and mortgage recording tax. Representative: Kevin McAuliffe, Amy Lawler, Colby Clark Adjourn Onondaga County Industrial Development Agency Regular Meeting Minutes April 11, 2024 A regular meeting of the Onondaga County Industrial Development Agency was held on Thursday, April 11, 2024, 335 Montgomery Street, Floor 2M, Syracuse, New York.
Pat Hogan called the meeting to order at 8:30 AM with the following:
PRESENT:
Pat Hogan Susan Stanczyk Kevin Ryan Cydney Johnson Elizabeth Dreyfuss Fanny Villareal
ABSENT:
Janice Herzog
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nate Stevens, Treasurer Alexis Rodriguez, Secretary Karen Doster, Recording Secretary McKenna Moonan, Office of Economic Development Len Rauch, Office of Economic Development Jeff Davis, Esq. Agency Counsel, Barclay Damon Amanda Fitzgerald, Agency Counsel, Barclay Damon Chris Andreucci, Agency Counsel, Harris Beach Kevin McAuliffe, Barclay Damon APPROVAL OF REGULAR MEETING MINUTES – MARCH 14, 2024 Upon a motion by Kevin Ryan, seconded by Susan Stanczyk, the OCIDA Board approved the regular meeting minutes of March 14, 2024. Motion was carried.
ALSO PRESENT:
Robert M. Petrovich, Executive Director Nate Stevens, Treasurer Alexis Rodriguez, Secretary Karen Doster, Recording Secretary McKenna Moonan, Office of Economic Development Len Rauch, Office of Economic Development Jeff Davis, Esq. Agency Counsel, Barclay Damon Amanda Fitzgerald, Agency Counsel, Barclay Damon Chris Andreucci, Agency Counsel, Harris Beach Kevin McAuliffe, Barclay Damon APPROVAL OF REGULAR MEETING MINUTES – MARCH 14, 2024 Upon a motion by Kevin Ryan, seconded by Susan Stanczyk, the OCIDA Board approved the regular meeting minutes of March 14, 2024. Motion was carried.
Nate Stevens gave a brief review of the Treasurer's Report for the month of March 2024. Upon a motion by Susan Stanczyk, seconded by Fanny Villareal, the OCIDA Board approved the Treasurer's Report for the month of March 2024. Motion was carried.
Nate Stevens gave a brief review of the Treasurer's Report for the month of March 2024. Upon a motion by Susan Stanczyk, seconded by Fanny Villareal, the OCIDA Board approved the Treasurer's Report for the month of March 2024. Motion was carried.
Nate Stevens gave a brief review of the Payment of Bills.
Upon a motion by Susan Stanzyk, seconded by Fanny Villareal, the OCIDA Board approved the Payment of Bills. Motion was carried.
Nate Stevens gave a brief review of the Payment of Bills.
Upon a motion by Susan Stanzyk, seconded by Fanny Villareal, the OCIDA Board approved the Payment of Bills. Motion was carried.
The Conflict of Interest was circulated and there were no conflicts.
The Conflict of Interest was circulated and there were no conflicts.
1. TTM Technologies, INC. # 3101-24-01A: Robert Petrovich identified Chris Andreucci as counsel representing the Agency. Kevin McAuliffe provided a brief overview of the project. Kevin stated that on Tuesday April 9, 2024 the Town of Dewitt held a special meeting at which the Town of Dewitt passed a negative declaration regarding SEQR. Nate Stevens stated that a public hearing was held on February 28, 2024 regarding this project. Patrick Hogan provided comments regarding the significance of this project. Chris Andreucci provided an update on the legal standing of the SEQR negative declaration and stated that the Agency is able to adopt this resolution today. Elizabeth Dreyfuss asked a question regarding project timeline. Kevin McAuliffe responded that the plan is for work to commence as soon as pending permits/approvals etc. are resolved.
Pat Hogan read the Agency Action Requested: 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. A motion was made by Susan Stanczyk and seconded by
Kevin Ryan. Motion passed unanimously.
1. TTM Technologies, INC. # 3101-24-01A: Robert Petrovich identified Chris Andreucci as counsel representing the Agency. Kevin McAuliffe provided a brief overview of the project. Kevin stated that on Tuesday April 9, 2024 the Town of Dewitt held a special meeting at which the Town of Dewitt passed a negative declaration regarding SEQR. Nate Stevens stated that a public hearing was held on February 28, 2024 regarding this project. Patrick Hogan provided comments regarding the significance of this project. Chris Andreucci provided an update on the legal standing of the SEQR negative declaration and stated that the Agency is able to adopt this resolution today. Elizabeth Dreyfuss asked a question regarding project timeline. Kevin McAuliffe responded that the plan is for work to commence as soon as pending permits/approvals etc. are resolved.
Pat Hogan read the Agency Action Requested: 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. A motion was made by Susan Stanczyk and seconded by
Kevin Ryan. Motion passed unanimously.
2. Appointment of Alexis Rodriguez as Agency Secretary and Public Hearing Officer:
Robert Petrovich stated that the Agency is recommending Alexis Rodriguez to be appointed as the OCIDA Secretary and Agency Public Hearing Officer. Pat Hogan offered brief comments and read the Agency Action Requested: A resolution of the Board appointing Alexis Rodriguez as Agency Secretary and Agency Public Hearing
Officer. Motion made by Susan Stanczyk and seconded by Fanny Villarreal. Motion
passed unanimously.
3.
White Pine Commerce Park Easement: Jeff Davis provided a brief overview.
This action is related to the natural gas line that will serve the White Pine Campus.
Pat Hogan read the Agency Action Requested: 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.
Motion made by Kevin Ryan and seconded by Susan Stanczyk.
Motion passed unanimously.
2. Appointment of Alexis Rodriguez as Agency Secretary and Public Hearing Officer:
Robert Petrovich stated that the Agency is recommending Alexis Rodriguez to be appointed as the OCIDA Secretary and Agency Public Hearing Officer. Pat Hogan offered brief comments and read the Agency Action Requested: A resolution of the Board appointing Alexis Rodriguez as Agency Secretary and Agency Public Hearing
Officer. Motion made by Susan Stanczyk and seconded by Fanny Villarreal. Motion
passed unanimously.
3.
White Pine Commerce Park Easement: Jeff Davis provided a brief overview.
This action is related to the natural gas line that will serve the White Pine Campus.
Pat Hogan read the Agency Action Requested: 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.
Motion made by Kevin Ryan and seconded by Susan Stanczyk.
Motion passed unanimously.
4. Authorize Procurement of Signage for the Micron site and the White Pine Science & Technology Park: Robert Petrovich stated that based on the recent trip to Taiwan the Agency is proposing to rebrand the site directly south of Route 31 to attract supply chain companies in support of Micron. This request for authorization is to enhance signage on the main White Pine Campus/Micron Site and create new signage on the White Pine Science & Technology Park in advance of upcoming business development opportunities. Robert Petrovich stated that the proposed vendor, Charles Signs, is local. Nate Stevens noted that the amount for this work is $14,535 Pat Hogan read the Agency Action Requested: A resolution of the Board authorizing the Executive Director to engage the requested scope of work to Charles Signs Inc.
Motion was made by Susan Stanczyk and seconded by Elizabeth Dreyfuss. Motion
passed unanimously.
4. Authorize Procurement of Signage for the Micron site and the White Pine Science & Technology Park: Robert Petrovich stated that based on the recent trip to Taiwan the Agency is proposing to rebrand the site directly south of Route 31 to attract supply chain companies in support of Micron. This request for authorization is to enhance signage on the main White Pine Campus/Micron Site and create new signage on the White Pine Science & Technology Park in advance of upcoming business development opportunities. Robert Petrovich stated that the proposed vendor, Charles Signs, is local. Nate Stevens noted that the amount for this work is $14,535 Pat Hogan read the Agency Action Requested: A resolution of the Board authorizing the Executive Director to engage the requested scope of work to Charles Signs Inc.
Motion was made by Susan Stanczyk and seconded by Elizabeth Dreyfuss. Motion
passed unanimously.
5. Public Relations/Marketing Services – Contract Authorization: Robert Petrovich stated that the Agency has been working with ABC Creative regarding these services and that these services were procured via an RFP process. Additional funding is being requested to further advance the marketing of our community and the White Pine Science & Technology Park, especially in advance of business development activities that will occur in June and July of 2024. Pat Hogan read the Agency Action Requested: 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. Motion was made by Kevin Ryan and seconded
by Susan Stanczyk. Motion passed unanimously.
Motion to adjourn made by Susan Stanczyk and seconded by Cydney Johnson at 8:45 AM
April 30, 2024 Revenue / Expense / Income Current Period Current YTD Operating/Non-Op Revenue 142,446 711,470 Administrative Expense 39,925 186,161 Operating/Program Expense 90,843 241,358 Net Ordinary Income 11,678 283,951 5. Public Relations/Marketing Services – Contract Authorization: Robert Petrovich stated that the Agency has been working with ABC Creative regarding these services and that these services were procured via an RFP process. Additional funding is being requested to further advance the marketing of our community and the White Pine Science & Technology Park, especially in advance of business development activities that will occur in June and July of 2024. Pat Hogan read the Agency Action Requested: 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. Motion was made by Kevin Ryan and seconded
by Susan Stanczyk. Motion passed unanimously.
Motion to adjourn made by Susan Stanczyk and seconded by Cydney Johnson at 8:45 AM
April 30, 2024 Revenue / Expense / Income Current Period Current YTD Operating/Non-Op Revenue 142,446 711,470 Administrative Expense 39,925 186,161 Operating/Program Expense 90,843 241,358 Net Ordinary Income 11,678 283,951 Current Assets Current YTD Prior YTD Total Cash 7,674,791 3,119,651 Less Pass Through Received - - Available Cash 7,674,791 3,119,651 Receivables 222,222 5,000 Total 7,897,014 3,124,651 Onondaga County Industrial Development Agency Profit and Loss April 2024 Current Assets Current YTD Prior YTD Total Cash 7,674,791 3,119,651 Less Pass Through Received - - Available Cash 7,674,791 3,119,651 Receivables 222,222 5,000 Total 7,897,014 3,124,651 Onondaga County Industrial Development Agency Profit and Loss April 2024
Income
2116.3 WPCP Agency Fee 111,111.11 Total 2116 Fees 111,111.11 2410 Lease Income 1,224.30 Total 500 Operating Revenue 112,335.41
2401 Interest Income 24,575.18 501.2 Other Non-Operating Revenue 5,535.17 Total 501 Non-Operating Revenue 30,110.35
528.003 OHB Redev LLC Funds Pass Thru 76,076.98 529 PILOT Income 16,253.80 Total 534 Pilot & Pass Thru Revenue 92,330.78 550 WPCP Pass Thru Revenue 415,821.26 Total Income $650,597.80 GROSS PROFIT $650,597.80 Expenses
6407 Administrative Expense 39,925.23 6408 Meeting Expenses 291.63 6409 Conference Attendence 4,755.00 6410 Office Expense 2,815.90 6411 Memberships / Sponsorships 45,000.00 Total 6400 Operating Expense 92,787.76
6460 IDA General Legal 7,838.25 6480 Roth Legal 3,802.50 Total 6450 Barclay Damon 11,640.75 Total 6440 Legal Fees 11,640.75
6510.7 WPCP Marketing 19,874.09 Total 6510 White Pine Commerce Park 19,874.09 Total 6500 Agency Program Expenses 19,874.09
6514.1 Legal 6,464.53 Total 6514 White Pine Science & Technology Park 6,464.53
Income
2116.3 WPCP Agency Fee 111,111.11 Total 2116 Fees 111,111.11 2410 Lease Income 1,224.30 Total 500 Operating Revenue 112,335.41
2401 Interest Income 24,575.18 501.2 Other Non-Operating Revenue 5,535.17 Total 501 Non-Operating Revenue 30,110.35
528.003 OHB Redev LLC Funds Pass Thru 76,076.98 529 PILOT Income 16,253.80 Total 534 Pilot & Pass Thru Revenue 92,330.78 550 WPCP Pass Thru Revenue 415,821.26 Total Income $650,597.80 GROSS PROFIT $650,597.80 Expenses
6407 Administrative Expense 39,925.23 6408 Meeting Expenses 291.63 6409 Conference Attendence 4,755.00 6410 Office Expense 2,815.90 6411 Memberships / Sponsorships 45,000.00 Total 6400 Operating Expense 92,787.76
6460 IDA General Legal 7,838.25 6480 Roth Legal 3,802.50 Total 6450 Barclay Damon 11,640.75 Total 6440 Legal Fees 11,640.75
6510.7 WPCP Marketing 19,874.09 Total 6510 White Pine Commerce Park 19,874.09 Total 6500 Agency Program Expenses 19,874.09
6514.1 Legal 6,464.53 Total 6514 White Pine Science & Technology Park 6,464.53 Accrual Basis Monday, May 6, 2024 04:08 PM GMT-04:00 1/2 Onondaga County Industrial Development Agency Profit and Loss April 2024
6604 Other Non-Operating Expenses 0.78
6605.2 PILOT Expense 16,253.80 6606 OHB Redev LLC Funds Pass Thru 76,076.98 Total 6605 Pilot & Pass Thru Expenses 92,330.78 Total 6600 Non-Operating Expenses 92,331.56
6610.1 Barclay Damon 177,777.78 6610.2 JMT 128,787.88 6610.6 Barton & Loguidice 3,420.00 6610.7 Gorick Construction 105,835.60 Total 6610 WPCP Pass Thru Expenses 415,821.26 Total Expenses $638,919.95 NET OPERATING INCOME $11,677.85 NET INCOME $11,677.85 Accrual Basis Monday, May 6, 2024 04:08 PM GMT-04:00 1/2 Onondaga County Industrial Development Agency Profit and Loss April 2024
6604 Other Non-Operating Expenses 0.78
6605.2 PILOT Expense 16,253.80 6606 OHB Redev LLC Funds Pass Thru 76,076.98 Total 6605 Pilot & Pass Thru Expenses 92,330.78 Total 6600 Non-Operating Expenses 92,331.56
6610.1 Barclay Damon 177,777.78 6610.2 JMT 128,787.88 6610.6 Barton & Loguidice 3,420.00 6610.7 Gorick Construction 105,835.60 Total 6610 WPCP Pass Thru Expenses 415,821.26 Total Expenses $638,919.95 NET OPERATING INCOME $11,677.85 NET INCOME $11,677.85 Accrual Basis Monday, May 6, 2024 04:08 PM GMT-04:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of April 30, 2024
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 5,733,144.31 200.2 Cash - M & T Money Maker Savings 1,950,554.96 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 7,674,791.45 Total Bank Accounts $7,674,791.45 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 1,030,155.02 Total 380 Accounts Rec. 1,030,155.02 Total Accounts Receivable $1,030,155.02 Total Current Assets $8,704,946.47 Fixed Assets
101 White Pines Commerce Park 0.00 101.3 Engineering Services 16,190.00 101.4 Environmental/Demo Services 110.00 Total 101.3 Engineering Services 16,300.00 101.6 WPCP Marketing 221.49 Total 101 White Pines Commerce Park 16,521.49 107 800 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 $42,226,186.14 Accrual Basis Monday, May 6, 2024 04:08 PM GMT-04:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of April 30, 2024
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 5,733,144.31 200.2 Cash - M & T Money Maker Savings 1,950,554.96 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 7,674,791.45 Total Bank Accounts $7,674,791.45 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 1,030,155.02 Total 380 Accounts Rec. 1,030,155.02 Total Accounts Receivable $1,030,155.02 Total Current Assets $8,704,946.47 Fixed Assets
101 White Pines Commerce Park 0.00 101.3 Engineering Services 16,190.00 101.4 Environmental/Demo Services 110.00 Total 101.3 Engineering Services 16,300.00 101.6 WPCP Marketing 221.49 Total 101 White Pines Commerce Park 16,521.49 107 800 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 $42,226,186.14 Accrual Basis Monday, May 6, 2024 04:15 PM GMT-04:00 1/2 Onondaga County Industrial Development Agency Balance Sheet As of April 30, 2024
Liabilities Current Liabilities Accounts Payable 300 WPCP Pass Thru Payable 1,104,766.58 Total Accounts Payable $1,104,766.58 Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 186,160.92 600.204 OHB Redev LLC Funds 723,923.02 600.208 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 30,838,291.71
603 PILOT Pass Thru -6,834,755.90 Total 601 PILOT and Pass Thru Payable -6,834,755.90
631.155 Skaneateles 0.10 Total 631.1 Towns 0.10
631.356 Syracuse 7,151.67 Total 631.3 Schools 7,151.67 631.4 Onondaga County 4,876.14 631.5 City of Syracuse 4,225.99 Total 631 Due to Other Governments 16,253.90 Total Other Current Liabilities $24,019,789.71 Total Current Liabilities $25,124,556.29 Total Liabilities $25,124,556.29 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 7,155,024.77 Total Equity $17,101,629.85 TOTAL LIABILITIES AND EQUITY $42,226,186.14 Accrual Basis Monday, May 6, 2024 04:15 PM GMT-04:00 1/2 Onondaga County Industrial Development Agency Balance Sheet As of April 30, 2024
Liabilities Current Liabilities Accounts Payable 300 WPCP Pass Thru Payable 1,104,766.58 Total Accounts Payable $1,104,766.58 Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 186,160.92 600.204 OHB Redev LLC Funds 723,923.02 600.208 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 30,838,291.71
603 PILOT Pass Thru -6,834,755.90 Total 601 PILOT and Pass Thru Payable -6,834,755.90
631.155 Skaneateles 0.10 Total 631.1 Towns 0.10
631.356 Syracuse 7,151.67 Total 631.3 Schools 7,151.67 631.4 Onondaga County 4,876.14 631.5 City of Syracuse 4,225.99 Total 631 Due to Other Governments 16,253.90 Total Other Current Liabilities $24,019,789.71 Total Current Liabilities $25,124,556.29 Total Liabilities $25,124,556.29 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 7,155,024.77 Total Equity $17,101,629.85 TOTAL LIABILITIES AND EQUITY $42,226,186.14 Accrual Basis Monday, May 6, 2024 04:15 PM GMT-04:00 2/2 Accrual Basis Monday, May 6, 2024 04:15 PM GMT-04:00 2/2
PAYMENT OF BILLS - SCHEDULE #493 May 9, 2024
PAYMENT OF BILLS - SCHEDULE #493 May 9, 2024
1. NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL* $ 45,000.00
2. BARCLAY DAMON LLP $ 3,776.31 Retained Corporate and Public Finance Matters, Inv#5283400 3. BARCLAY DAMON LLP $ 77.50 WPSTP, Inv#5283257 4. BARCLAY DAMON LLP $ 24,536.68 OHB Redev, Inv#5283255 5. BARTON & LOGUIDICE, D.P.C. $ 1,052.50 WPSTP Site Investigations/Prelim Engineering, Inv#141441 6. LOVELL AND ASSOCIATES, LLC $ 3,000.00 April 2024 Consulting 7. ROBERT PETROVICH $ 42.99 Travel Reimbursement 8. BARCLAY DAMON LLP $ 177,777.78 March 2024 Legal Costs 9. JMT OF NEW YORK, INC. $ 128,787.88 March 2024 Engineering Costs 10. BARTON & LOGUIDICE, D.P.C. $ 22,139.00 Project Monitoring Costs 11. CHARLES SIGNS, INC. $ 14,535.00 White Pine Signage, Inv#50068 12. DUSTY'S OUTDOOR SERVICE $ 1,000.00 White Pine Mowing
1. NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL* $ 45,000.00
2. BARCLAY DAMON LLP $ 3,776.31 Retained Corporate and Public Finance Matters, Inv#5283400 3. BARCLAY DAMON LLP $ 77.50 WPSTP, Inv#5283257 4. BARCLAY DAMON LLP $ 24,536.68 OHB Redev, Inv#5283255 5. BARTON & LOGUIDICE, D.P.C. $ 1,052.50 WPSTP Site Investigations/Prelim Engineering, Inv#141441 6. LOVELL AND ASSOCIATES, LLC $ 3,000.00 April 2024 Consulting 7. ROBERT PETROVICH $ 42.99 Travel Reimbursement 8. BARCLAY DAMON LLP $ 177,777.78 March 2024 Legal Costs 9. JMT OF NEW YORK, INC. $ 128,787.88 March 2024 Engineering Costs 10. BARTON & LOGUIDICE, D.P.C. $ 22,139.00 Project Monitoring Costs 11. CHARLES SIGNS, INC. $ 14,535.00 White Pine Signage, Inv#50068 12. DUSTY'S OUTDOOR SERVICE $ 1,000.00 White Pine Mowing TOTAL $ 421,725.64 *Ratification of check dated April 15, 2024 TOTAL $ 421,725.64 *Ratification of check dated April 15, 2024
PAYMENT OF BILLS - SCHEDULE #493 May 9, 2024 PILOT Payments 1. ONONDAGA COUNTY* $ 4,876.14 COR Inner Harbor 1st Q Master PILOT Payment 2. CITY OF SYRACUSE* $ 4,225.99 COR Inner Harbor 1st Q Master PILOT Payment 3. SYRACUSE CITY SCHOOL DISTRICT* $ 7,151.67 COR Inner Harbor 1st Q Master PILOT Payment TOTAL $ 16,253.80 *Ratification of checks dated May 1, 2024
1. Project Clinton's Ditch Co-Operative Company Inc. 2. Project Number 3101-24-03A 3. Location Cicero 4. School District North Syracuse
090.-01-32.0, 090.-01-33.0, 090.-01-30.0, 090.-01-31.0, Village -
PAYMENT OF BILLS - SCHEDULE #493 May 9, 2024 PILOT Payments 1. ONONDAGA COUNTY* $ 4,876.14 COR Inner Harbor 1st Q Master PILOT Payment 2. CITY OF SYRACUSE* $ 4,225.99 COR Inner Harbor 1st Q Master PILOT Payment 3. SYRACUSE CITY SCHOOL DISTRICT* $ 7,151.67 COR Inner Harbor 1st Q Master PILOT Payment TOTAL $ 16,253.80 *Ratification of checks dated May 1, 2024
1. Project Clinton's Ditch Co-Operative Company Inc. 2. Project Number 3101-24-03A 3. Location Cicero 4. School District North Syracuse
090.-01-32.0, 090.-01-33.0, 090.-01-30.0, 090.-01-31.0, Village -
7.Total Project Cost $ 40,786,706 8. Total Jobs 314 Land Acquisition $ - 8A. Job Retention 299 Site Work/Demo $ 10,698,020 8B: Job Creation 15 Building Construction & Renovation $ 24,744,740 (Next 5 Years) Furniture & Fixtures $ 323,018 Equipment $ 972,087 Project Soft Cost $ 4,048,841 Community Investment /Abatement Clinton's Ditch Co-Operative Company Inc. Project Description Fiscal Impact ($) Abatement Summary $3,873,758 Sales Tax Abatement $3,262,936 Mortgage Tax Abatement $229,213 7.Total Project Cost $ 40,786,706 8. Total Jobs 314 Land Acquisition $ - 8A. Job Retention 299 Site Work/Demo $ 10,698,020 8B: Job Creation 15 Building Construction & Renovation $ 24,744,740 (Next 5 Years) Furniture & Fixtures $ 323,018 Equipment $ 972,087 Project Soft Cost $ 4,048,841 Community Investment /Abatement Clinton's Ditch Co-Operative Company Inc. Project Description Fiscal Impact ($) Abatement Summary $3,873,758 Sales Tax Abatement $3,262,936 Mortgage Tax Abatement $229,213 Property Tax Relief (PILOT) $381,609 Clinton's Ditch is proposing to expand their existing 274,000 square foot facility with Community Investment $55,886,277 an addition of roughly 100,000 square feet. The company is also proposing to PILOT Payments $2,312,071 construct a new truck repair facility of approximately 20,000 square feet. Project Salaries Estimated (10 yrs) $8,434,500 Construction Benefit Estimate $4,353,000 Total Project Cost $40,786,706 Investment:Abatement Ratio 14.43 :1 Clinton's Ditch Co-Operative Company Inc.
A) PILOTS Estimate Table Worksheet for 10 years OCIDA estimate of current market value $ 6,819,443 Projected investment $ 24,744,740 Property Tax Relief (PILOT) $381,609 Clinton's Ditch is proposing to expand their existing 274,000 square foot facility with Community Investment $55,886,277 an addition of roughly 100,000 square feet. The company is also proposing to PILOT Payments $2,312,071 construct a new truck repair facility of approximately 20,000 square feet. Project Salaries Estimated (10 yrs) $8,434,500 Construction Benefit Estimate $4,353,000 Total Project Cost $40,786,706 Investment:Abatement Ratio 14.43 :1 Clinton's Ditch Co-Operative Company Inc.
A) PILOTS Estimate Table Worksheet for 10 years OCIDA estimate of current market value $ 6,819,443 Projected investment $ 24,744,740 OCIDA estimate of increase in value $ 2,464,502 OCIDA estimated value after project is completed $ 9,283,945 Taxes that would have been collected if the project did not occur $ 1,978,619 Scheduled PILOT payments $ 2,312,071 OCIDA estimate of increase in value $ 2,464,502 OCIDA estimated value after project is completed $ 9,283,945 Taxes that would have been collected if the project did not occur $ 1,978,619 Scheduled PILOT payments $ 2,312,071 County PILOT Full Tax Payment PILOT YEAR Exemption % Town School District Total PILOT Net Exemption Amount w/o PILOT 0 0 $ 24,848.05 $ 26,327.42 $ 125,981.87 - $ 177,157.34 - 1 100% $ 25,344.99 $ 26,853.96 $ 128,501.49 $ 180,700.44 $ 246,004.41 $ 65,303.97 2 90% $ 26,786.16 $ 28,380.94 $ 135,808.35 $ 190,975.45 $ 250,924.49 $ 59,949.04 3 80% $ 28,274.84 $ 29,958.25 $ 143,356.10 $ 201,589.19 $ 255,942.98 $ 54,353.80 4 70% $ 29,812.35 $ 31,587.30 $ 151,151.43 $ 212,551.08 $ 261,061.84 $ 48,510.76 5 60% $ 31,400.06 $ 33,269.53 $ 159,201.23 $ 223,870.81 $ 266,283.08 $ 42,412.27 6 50% $ 33,039.34 $ 35,006.41 $ 167,512.56 $ 235,558.31 $ 271,608.74 $ 36,050.43 7 40% $ 34,731.64 $ 36,799.46 $ 176,092.66 $ 247,623.77 $ 277,040.92 $ 29,417.15 8 30% $ 36,478.41 $ 38,650.24 $ 184,948.97 $ 260,077.62 $ 282,581.73 $ 22,504.12 9 20% $ 38,281.16 $ 40,560.32 $ 194,089.09 $ 272,930.57 $ 288,233.37 $ 15,302.80 10 10% $ 40,141.43 $ 42,531.34 $ 203,520.83 $ 286,193.61 $ 293,998.04 $ 7,804.43 TOTAL $ 324,290.40 $ 343,597.75 $ 1,644,182.70 $ 2,312,070.85 $ 2,693,679.61 $ 381,608.76 County PILOT Full Tax Payment PILOT YEAR Exemption % Town School District Total PILOT Net Exemption Amount w/o PILOT 0 0 $ 24,848.05 $ 26,327.42 $ 125,981.87 - $ 177,157.34 - 1 100% $ 25,344.99 $ 26,853.96 $ 128,501.49 $ 180,700.44 $ 246,004.41 $ 65,303.97 2 90% $ 26,786.16 $ 28,380.94 $ 135,808.35 $ 190,975.45 $ 250,924.49 $ 59,949.04 3 80% $ 28,274.84 $ 29,958.25 $ 143,356.10 $ 201,589.19 $ 255,942.98 $ 54,353.80 4 70% $ 29,812.35 $ 31,587.30 $ 151,151.43 $ 212,551.08 $ 261,061.84 $ 48,510.76 5 60% $ 31,400.06 $ 33,269.53 $ 159,201.23 $ 223,870.81 $ 266,283.08 $ 42,412.27 6 50% $ 33,039.34 $ 35,006.41 $ 167,512.56 $ 235,558.31 $ 271,608.74 $ 36,050.43 7 40% $ 34,731.64 $ 36,799.46 $ 176,092.66 $ 247,623.77 $ 277,040.92 $ 29,417.15 8 30% $ 36,478.41 $ 38,650.24 $ 184,948.97 $ 260,077.62 $ 282,581.73 $ 22,504.12 9 20% $ 38,281.16 $ 40,560.32 $ 194,089.09 $ 272,930.57 $ 288,233.37 $ 15,302.80 10 10% $ 40,141.43 $ 42,531.34 $ 203,520.83 $ 286,193.61 $ 293,998.04 $ 7,804.43 TOTAL $ 324,290.40 $ 343,597.75 $ 1,644,182.70 $ 2,312,070.85 $ 2,693,679.61 $ 381,608.76 Year 0 1 2 3 4 5 Jobs Current/Actuals Creation Goals 2 6 7 Total Employment Goals 299 301 307 314 314 314 299 Year 0 1 2 3 4 5 Jobs Current/Actuals Creation Goals 2 6 7 Total Employment Goals 299 301 307 314 314 314 299 Section II.
C) Project Narrative The business growth at Clinton’s Ditch is currently maximized and constrained by our existing building space. To accommodate increasing demand, our only option is to continue to expand our operations. If we remain at our current capacity, we face a risk of business relocating to an associated facility in Massachusetts, displacing our 250+ local workers and leaving a hole in the Central NY economy. For such a large expansion to happen in a short timeframe, Clinton’s Ditch would require financial assistance from OCIDA. A phased approach is not viable, an efficient and full expansion is contingent upon all components being completed together in a sequence that allows current operations to continue. OCIDA assistance are critical to our ability to complete this expansion in a timely manner; to do otherwise will continue to constrain space and production ability. This will hinder our ability to grow and hire new employees, as well as increase the rapidly emerging risk of relocation out of Central NY. Financial assistance from OCIDA will allow us to expand strategically, eliminate offsite warehouse space, improve line layout resulting in greater production efficiency, and grow our capacity. Combined, these enhancements will allow us to remain cost competitive in the highly competitive beverage industry. Most importantly, the enhancements will allow us to retain over 250 high paying union jobs while allowing for at least 5 -10% capacity growth resulting in at least 15 new employees.
Section II.
C) Project Narrative The business growth at Clinton’s Ditch is currently maximized and constrained by our existing building space. To accommodate increasing demand, our only option is to continue to expand our operations. If we remain at our current capacity, we face a risk of business relocating to an associated facility in Massachusetts, displacing our 250+ local workers and leaving a hole in the Central NY economy. For such a large expansion to happen in a short timeframe, Clinton’s Ditch would require financial assistance from OCIDA. A phased approach is not viable, an efficient and full expansion is contingent upon all components being completed together in a sequence that allows current operations to continue. OCIDA assistance are critical to our ability to complete this expansion in a timely manner; to do otherwise will continue to constrain space and production ability. This will hinder our ability to grow and hire new employees, as well as increase the rapidly emerging risk of relocation out of Central NY. Financial assistance from OCIDA will allow us to expand strategically, eliminate offsite warehouse space, improve line layout resulting in greater production efficiency, and grow our capacity. Combined, these enhancements will allow us to remain cost competitive in the highly competitive beverage industry. Most importantly, the enhancements will allow us to retain over 250 high paying union jobs while allowing for at least 5 -10% capacity growth resulting in at least 15 new employees.
In essence, this project is critical as it will ultimately increase productivity, improve cost structure, and increase our market share, allowing our Central NY company to survive in an increasingly competitive market.
D) Description of Project We began our history as an independent bottler of Pepsi Cola with our founding as a New York State Cooperative in 1967 and a ground-breaking in 1968 on the 150th Anniversary of the Erie Canal, hence the name “Clinton’s Ditch”. The Clinton’s Ditch cooperative was founded by the individual investments of eighteen New York State Independent Pepsi-Cola bottlers, with the intent of producing Pepsi in aluminum cans. Over the years the business expanded to include not only filling aluminum cans but filling bottles as well. It has grown from its original 47,000 square feet to approximately 138,000 by adding production and warehouse additions totaling 91,000 square feet in 1970. Since then, the plant has expanded two more times and is currently comprised of 274,000 square feet of manufacturing and warehouse space. Clinton’s Ditch as it stands today is a high-volume producer of various types of carbonated soft drinks, seltzer's, energy drinks and purified water.
In essence, this project is critical as it will ultimately increase productivity, improve cost structure, and increase our market share, allowing our Central NY company to survive in an increasingly competitive market.
D) Description of Project We began our history as an independent bottler of Pepsi Cola with our founding as a New York State Cooperative in 1967 and a ground-breaking in 1968 on the 150th Anniversary of the Erie Canal, hence the name “Clinton’s Ditch”. The Clinton’s Ditch cooperative was founded by the individual investments of eighteen New York State Independent Pepsi-Cola bottlers, with the intent of producing Pepsi in aluminum cans. Over the years the business expanded to include not only filling aluminum cans but filling bottles as well. It has grown from its original 47,000 square feet to approximately 138,000 by adding production and warehouse additions totaling 91,000 square feet in 1970. Since then, the plant has expanded two more times and is currently comprised of 274,000 square feet of manufacturing and warehouse space. Clinton’s Ditch as it stands today is a high-volume producer of various types of carbonated soft drinks, seltzer's, energy drinks and purified water.
Our business is structured as a Cooperative where our customers are our owners. We exist for the exclusive purpose of producing for our owners. Inherent in this structure is that all profits, excluding those needed to cover our debt covenants, are returned to our owners each year. We operate and exist separately from our owners – 4 of which are Independent Bottlers and are multi-generational family owned businesses. Our fifth owner is Pepsico, but we are completely independent from them and have no affiliation with the corporation, other than being one of their suppliers. They are not a potential source for assistance.
Our facility sits on 76.84-acres in the Town of Cicero. The location is owned and operated by Clinton’s Ditch Co., ensuring we have full control over the site throughout the duration of the project. At our current location, on the North side of our property, we intend to build a new approximately 20,000 square foot truck repair facility to support our fleet of 44 tractors and 180 trailers, replacing our current undersized, in-efficient, and obsolete facility. This will include 15,220 square feet of maintenance space, 4,300 square feet of office space.
Our business is structured as a Cooperative where our customers are our owners. We exist for the exclusive purpose of producing for our owners. Inherent in this structure is that all profits, excluding those needed to cover our debt covenants, are returned to our owners each year. We operate and exist separately from our owners – 4 of which are Independent Bottlers and are multi-generational family owned businesses. Our fifth owner is Pepsico, but we are completely independent from them and have no affiliation with the corporation, other than being one of their suppliers. They are not a potential source for assistance.
Our facility sits on 76.84-acres in the Town of Cicero. The location is owned and operated by Clinton’s Ditch Co., ensuring we have full control over the site throughout the duration of the project. At our current location, on the North side of our property, we intend to build a new approximately 20,000 square foot truck repair facility to support our fleet of 44 tractors and 180 trailers, replacing our current undersized, in-efficient, and obsolete facility. This will include 15,220 square feet of maintenance space, 4,300 square feet of office space.
In preparation for the expansion described above we will need to do two things. First, relocate our current employee parking area from the North side to the South side of the current building. This portion of the project will enhance our employee experience by including a new employee entrance and new interior locker rooms for our employees. Second, we will add a new and separate road loop on the West side of the plant to accommodate the bulk receiving of plant raw materials. This will improve employee safety by physically isolating the receiving of bulk tractor trailers delivering raw materials to our plant operation from our employee population coming to and from work.
Finally, we intend to add approximately 100,000 square foot building addition to our existing plant in order to accommodate the efficient layout of our existing production line equipment and eliminate the need for outside warehouse space currently being sourced offsite. The addition will include a two-story office space, a chemical storage area and a small waste treatment building.
The timing of the phases of the project are:
Phase 1 & 2 – Employee parking lot, locker room and delivery loop 8/24-1/25 Phase 3 – Transportation Facility 11/24-8/25 Phase 4 – Facility expansion 8/25 – 11/26 In preparation for the expansion described above we will need to do two things. First, relocate our current employee parking area from the North side to the South side of the current building. This portion of the project will enhance our employee experience by including a new employee entrance and new interior locker rooms for our employees. Second, we will add a new and separate road loop on the West side of the plant to accommodate the bulk receiving of plant raw materials. This will improve employee safety by physically isolating the receiving of bulk tractor trailers delivering raw materials to our plant operation from our employee population coming to and from work.
Finally, we intend to add approximately 100,000 square foot building addition to our existing plant in order to accommodate the efficient layout of our existing production line equipment and eliminate the need for outside warehouse space currently being sourced offsite. The addition will include a two-story office space, a chemical storage area and a small waste treatment building.
The timing of the phases of the project are:
Phase 1 & 2 – Employee parking lot, locker room and delivery loop 8/24-1/25 Phase 3 – Transportation Facility 11/24-8/25 Phase 4 – Facility expansion 8/25 – 11/26 This expansion project will result in a great transformation of the existing Clinton’s Ditch property as it resides adjacent to Interstate Route 81. It will result in efficient and cost competitive business operations, growth opportunities, and enhanced workplace safety and employee experience. Successful completion of this expansion will ensure that Clinton’s Ditch remains viable for many years to come to the CNY community. We have been an important contributor to the CNY business community for over fifty years, and this expansion will allow for that history to continue while enhancing the overall economic vitality of our community.
The project site plan is attached with this application.
F) Not applicable J) 5.b. Clinton’s Ditch is working with the NYS DEC on a Notice of Violation (NOV) issue where a small portion of a 100-foot wetland buffer was in inadvertently encroached upon while creating an area to accommodate trailer parking on the Northeast portion of the property in 2020. The issue was noted when we invited the NYS DEC on site to evaluate our expansion plans in late 2021. Clinton’s Ditch has acknowledged the violation, and not contested it. Since then, we have engaged the environmental firm Ambient Environmental to work on our behalf and help us resolve the issue proactively with NYS DEC. That work is currently in progress in conjunction with our expansion plans.
This expansion project will result in a great transformation of the existing Clinton’s Ditch property as it resides adjacent to Interstate Route 81. It will result in efficient and cost competitive business operations, growth opportunities, and enhanced workplace safety and employee experience. Successful completion of this expansion will ensure that Clinton’s Ditch remains viable for many years to come to the CNY community. We have been an important contributor to the CNY business community for over fifty years, and this expansion will allow for that history to continue while enhancing the overall economic vitality of our community.
The project site plan is attached with this application.
F) Not applicable J) 5.b. Clinton’s Ditch is working with the NYS DEC on a Notice of Violation (NOV) issue where a small portion of a 100-foot wetland buffer was in inadvertently encroached upon while creating an area to accommodate trailer parking on the Northeast portion of the property in 2020. The issue was noted when we invited the NYS DEC on site to evaluate our expansion plans in late 2021. Clinton’s Ditch has acknowledged the violation, and not contested it. Since then, we have engaged the environmental firm Ambient Environmental to work on our behalf and help us resolve the issue proactively with NYS DEC. That work is currently in progress in conjunction with our expansion plans.
underground LANDSCAPE ARCHITECTURE & LAND PLANNING
stormwater 6320 FLY ROAD, SUITE 109 EAST SYRACUSE, NEW YORK 13057
underground LANDSCAPE ARCHITECTURE & LAND PLANNING
stormwater 6320 FLY ROAD, SUITE 109 EAST SYRACUSE, NEW YORK 13057
facility north PHONE: (315) 445-7980 FAX: (315) 445-7981
facility north PHONE: (315) 445-7980 FAX: (315) 445-7981
wetland 'A' extension RZ Engineering, PLLC
1.46 ac disturbance
PL = CLL
wetland 'A' extension RZ Engineering, PLLC
1.46 ac disturbance
PL = CLL
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