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315.435.3770 • ECONOMICDEVELOPMENT@ONGOV.NET Regular Meeting Agenda February 8, 2024 8:30AM Call to Order the Regular Meeting of the Agency A. Approval of Minutes-January 18, 2024 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items:
1. TTM Technologies Inc. (3101-24-01A) Initial 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.
a.A Inducement Resolution of the Board to initiate the Project and authorize a public hearing.
Representative: Joseph Schneider and Kevin McAuliffe 2. Destiny USA Real Estate, LLC (3101-14-01B) – Resolution authorizing an omnibus amendment to transaction documents.
Agency Action Requested a. A resolution of the board authorizing execution and delivery of an omnibus amendment to transaction documents in connection with a certain project for Destiny USA Real Estate, LLC.
Representative:
Adjourn
315.435.3770 • ECONOMICDEVELOPMENT@ONGOV.NET Regular Meeting Agenda February 8, 2024 8:30AM Call to Order the Regular Meeting of the Agency A. Approval of Minutes-January 18, 2024 B. Treasurer’s Report C. Payment of Bills D. Conflict of Interest Action Items:
1. TTM Technologies Inc. (3101-24-01A) Initial 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.
a.A Inducement Resolution of the Board to initiate the Project and authorize a public hearing.
Representative: Joseph Schneider and Kevin McAuliffe 2. Destiny USA Real Estate, LLC (3101-14-01B) – Resolution authorizing an omnibus amendment to transaction documents.
Agency Action Requested a. A resolution of the board authorizing execution and delivery of an omnibus amendment to transaction documents in connection with a certain project for Destiny USA Real Estate, LLC.
Representative:
Adjourn
Onondaga County Industrial Development Agency Regular Meeting Minutes January 18, 2024 A regular meeting of the Onondaga County Industrial Development Agency was held on Thursday, January 18, 2024, 335 Montgomery Street, Floor 2M, Syracuse, New York.
Patrick Hogan called the meeting to order at 8:36 am with the following:
PRESENT:
Patrick Hogan Janice Herzog Susan Stanczyk Kevin Ryan Fanny Villarreal Cydney Johnson Elizabeth Dreyfuss
ABSENT:
ALSO PRESENT:
Robert M. Petrovich, Executive Director Svetlana Dyer, Secretary 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 Nancy Lowery, County Executive Office Vince Raymond, VIP Structures Dan Ingersal, Bluefors Cryocooler Dan Romeo, County Legislature APPROVAL OF REGULAR MEETING MINUTES – DECEMBER 14, 2023 Upon a motion by Janice Herzog, seconded by Fanny Villarreal, the OCIDA Board approved the regular meeting minutes of December 14, 2023. Motion was carried.
TREASURER’S REPORT Alexis Rodriguez gave a brief review of the Treasurer’s Report for the month of December 2023. Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved the Treasurer’s Report for the month of December 2023. Motion was carried.
Onondaga County Industrial Development Agency Regular Meeting Minutes January 18, 2024 A regular meeting of the Onondaga County Industrial Development Agency was held on Thursday, January 18, 2024, 335 Montgomery Street, Floor 2M, Syracuse, New York.
Patrick Hogan called the meeting to order at 8:36 am with the following:
PRESENT:
Patrick Hogan Janice Herzog Susan Stanczyk Kevin Ryan Fanny Villarreal Cydney Johnson Elizabeth Dreyfuss
ABSENT:
ALSO PRESENT:
Robert M. Petrovich, Executive Director Svetlana Dyer, Secretary 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 Nancy Lowery, County Executive Office Vince Raymond, VIP Structures Dan Ingersal, Bluefors Cryocooler Dan Romeo, County Legislature APPROVAL OF REGULAR MEETING MINUTES – DECEMBER 14, 2023 Upon a motion by Janice Herzog, seconded by Fanny Villarreal, the OCIDA Board approved the regular meeting minutes of December 14, 2023. Motion was carried.
TREASURER’S REPORT Alexis Rodriguez gave a brief review of the Treasurer’s Report for the month of December 2023. Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved the Treasurer’s Report for the month of December 2023. Motion was carried.
Alexis Rodriguez gave a brief review of the Payment of Bills Schedule #489.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved the Payment of Bills Schedule #489 for $776,085.36 with PILOT payments to Onondaga County for $7,108.37, City of Syracuse for $6,284.28, Syracuse City School District for $10,353.68, Onondaga County for $62,531.00, Town of Cicero for $348.00, Town of Clay for $10,218.00, town of DeWitt for $20,143.00, Town of Lysander for $6,564.00, Town of Lafayette for $3,422.00, Baldwinsville Central School District for $72,974.00, East Syracuse Minoa Central School District for $104,908.00, Lafayette Central School District for $11,840.00, Liverpool Central School District for $104,507.00 and North Syracuse Central School District for $1,842.00. Motion was carried.
Alexis Rodriguez gave a brief review of the Payment of Bills Schedule #489.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved the Payment of Bills Schedule #489 for $776,085.36 with PILOT payments to Onondaga County for $7,108.37, City of Syracuse for $6,284.28, Syracuse City School District for $10,353.68, Onondaga County for $62,531.00, Town of Cicero for $348.00, Town of Clay for $10,218.00, town of DeWitt for $20,143.00, Town of Lysander for $6,564.00, Town of Lafayette for $3,422.00, Baldwinsville Central School District for $72,974.00, East Syracuse Minoa Central School District for $104,908.00, Lafayette Central School District for $11,840.00, Liverpool Central School District for $104,507.00 and North Syracuse Central School District for $1,842.00. Motion was carried.
The Conflict of Interest was circulated. Janice Herzog recused from Treyjay Loso, LLC. There were no other conflicts.
The Conflict of Interest was circulated. Janice Herzog recused from Treyjay Loso, LLC. There were no other conflicts.
Robert Petrovich stated this request is an extension of time, not an increase in benefits. He stated due to scheduling issues and weather they have asked for additional time to extend their benefits to the end of this year to finish up project improvements and exterior landscaping they can’t get to until the weather breaks. He stated his recommendation is to grant the extension. Upon a motion by Susan Stanczyk, seconded by Elizabeth Dreyfuss, the OCIDA Board approved a resolution authorizing an extension to the Sales and Use tax Exemption for Treyjay Loso, LLC. Janice Herzog recused from voting. Motion was carried.
2
(3101-22-08A) MODIFICATION MEETING
Robert Petrovich stated this request is an extension of time, not an increase in benefits. He stated due to scheduling issues and weather they have asked for additional time to extend their benefits to the end of this year to finish up project improvements and exterior landscaping they can’t get to until the weather breaks. He stated his recommendation is to grant the extension. Upon a motion by Susan Stanczyk, seconded by Elizabeth Dreyfuss, the OCIDA Board approved a resolution authorizing an extension to the Sales and Use tax Exemption for Treyjay Loso, LLC. Janice Herzog recused from voting. Motion was carried.
2
(3101-22-08A) MODIFICATION MEETING Vince Raymond stated Bluefors has not closed and they don’t own the property yet. He stated there has been complications with the ownership. He stated they were supposed to close on the property in the fall and it did not happen and now the subdivisions have been delayed so it still hasn't happened. He stated they have been pushing the temporary sales tax exemption forward until they can actually close on the property. He stated he thinks the last step in the subdivision is happening this month and then hopefully the closing happens next month so they are asking for an extension through March. He stated they did a sales tax exemption projection through the completion of the project and they are halfway through so he thinks their sales tax exemption projections are accurate now. He stated things are more expensive than they had originally anticipated which means there is more sales tax. He stated they are requesting an increase in the sales tax exemption for the next six months.
Robert Petrovich stated he would encourage the Board to approve the increase in benefit and the extension of time. He stated it is a good project and a good company and thinks the Board should be supportive.
Amanda Fitzgerald stated the increase in financial assistance is under $100,000, which is the threshold for needing to hold a public hearing.
Vince Raymond stated Bluefors has not closed and they don’t own the property yet. He stated there has been complications with the ownership. He stated they were supposed to close on the property in the fall and it did not happen and now the subdivisions have been delayed so it still hasn't happened. He stated they have been pushing the temporary sales tax exemption forward until they can actually close on the property. He stated he thinks the last step in the subdivision is happening this month and then hopefully the closing happens next month so they are asking for an extension through March. He stated they did a sales tax exemption projection through the completion of the project and they are halfway through so he thinks their sales tax exemption projections are accurate now. He stated things are more expensive than they had originally anticipated which means there is more sales tax. He stated they are requesting an increase in the sales tax exemption for the next six months.
Robert Petrovich stated he would encourage the Board to approve the increase in benefit and the extension of time. He stated it is a good project and a good company and thinks the Board should be supportive.
Amanda Fitzgerald stated the increase in financial assistance is under $100,000, which is the threshold for needing to hold a public hearing.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing an increase to the sales and use tax exemption and extension of time regarding the end date of the sales and use tax exemption for Bluefors Cryocooler Technologies Inc. Motion was carried.
Upon a motion by Janice Herzog, seconded by Susan Stanczyk, the OCIDA Board approved a resolution authorizing an increase to the sales and use tax exemption and extension of time regarding the end date of the sales and use tax exemption for Bluefors Cryocooler Technologies Inc. Motion was carried.
Robert Petrovich stated staff is going to be issuing a government services consulting RFP. He stated the term of the existing contract is expiring. He stated in the past Park Strategies has been used for this work and it is time to go out and solicit proposals for a scope of work and pricing 3 that could support the mission of the IDA. He stated staff will review the proposals and vet them then make the recommendation to the Board for an award.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the issuance of a Request for Proposal for Government Services. Motion was carried.
Robert Petrovich stated staff is going to be issuing a government services consulting RFP. He stated the term of the existing contract is expiring. He stated in the past Park Strategies has been used for this work and it is time to go out and solicit proposals for a scope of work and pricing 3 that could support the mission of the IDA. He stated staff will review the proposals and vet them then make the recommendation to the Board for an award.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the issuance of a Request for Proposal for Government Services. Motion was carried.
Robert Petrovich stated the Board just extended audit services for a term, the contract is up and an RFP needs to be issued for audit services to carry out the reporting requirements of the IDA. He stated the RFP will be issued, the RFP’s submitted will be evaluated, a screening will be conducted and a recommendation will be made to the Board for approval.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the issuance of a Request for Proposal for Audit Services. Motion was
carried.
Robert Petrovich stated the Board just extended audit services for a term, the contract is up and an RFP needs to be issued for audit services to carry out the reporting requirements of the IDA. He stated the RFP will be issued, the RFP’s submitted will be evaluated, a screening will be conducted and a recommendation will be made to the Board for approval.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the issuance of a Request for Proposal for Audit Services. Motion was
carried.
Robert Petrovich stated consistent with past practice, the term of the contract is up and staff will be soliciting proposals for legal services on behalf of the Agency. He stated an RFP will be issued, staff will receive the proposals, evaluate them and make a recommendation to Board. Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the issuance of a Request for Proposal for Government Services. Motion was carried.
Robert Petrovich stated consistent with past practice, the term of the contract is up and staff will be soliciting proposals for legal services on behalf of the Agency. He stated an RFP will be issued, staff will receive the proposals, evaluate them and make a recommendation to Board. Upon a motion by Fanny Villarreal, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the issuance of a Request for Proposal for Government Services. Motion was carried.
Robert Petrovich stated we have had a banking relationship with M&T Bank for a number of years now. He stated staff believes it is time to go out to the marketplace and solicit proposals for a new banking relationship or if the existing banking relationship can be enhanced. He stated 4 he believes it is our responsibility to see what is out there in the market place and try to achieve the greatest ROI. He stated staff will be soliciting RFPs for that service.
Patrick Hogan stated it is important and incumbent upon the Board to look at everything. Susan Stanczyk asked how long the term is. Robert Petrovich stated there is not a term. He stated we want to make sure the Agency is getting the best interest rate we can and making sure we have the lowest fees possible. He stated we will be getting pricing information from different banks for things like credit cards, deposits, banking fees and remote deposit.
Susan Stanczyk asked if this is a determination by staff that we are at a point where it is time to look into something else and not just a 3 year commitment or something like that. Robert Petrovich agreed.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the issuance of a Request for Proposal for banking and financial services. Motion was carried.
Robert Petrovich stated we have had a banking relationship with M&T Bank for a number of years now. He stated staff believes it is time to go out to the marketplace and solicit proposals for a new banking relationship or if the existing banking relationship can be enhanced. He stated 4 he believes it is our responsibility to see what is out there in the market place and try to achieve the greatest ROI. He stated staff will be soliciting RFPs for that service.
Patrick Hogan stated it is important and incumbent upon the Board to look at everything. Susan Stanczyk asked how long the term is. Robert Petrovich stated there is not a term. He stated we want to make sure the Agency is getting the best interest rate we can and making sure we have the lowest fees possible. He stated we will be getting pricing information from different banks for things like credit cards, deposits, banking fees and remote deposit.
Susan Stanczyk asked if this is a determination by staff that we are at a point where it is time to look into something else and not just a 3 year commitment or something like that. Robert Petrovich agreed.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board approved a resolution authorizing the issuance of a Request for Proposal for banking and financial services. Motion was carried.
Jeff Davis asked for a motion to go into Executive Session for the purpose of discussing proposed litigation.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board went into Executive Session at 8:53. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board adjourned Executive Session at 9:03 am. Motion was carried.
Jeff Davis asked for a motion to go into Executive Session for the purpose of discussing proposed litigation.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board went into Executive Session at 8:53. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board adjourned Executive Session at 9:03 am. Motion was carried.
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board adjourned the meeting at 9:03 am. Motion was carried.
5 _________________________________ Svetlana Dyer, Secretary 6 January 31, 2024
Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating/Non-Op Revenue 153,448 153,448 3,130,000 (2,976,552) Administrative Expense 30,297 30,297 950,000 (919,703) Operating/Program Expense 75,286 76,159 2,180,000 (2,103,841) Net Ordinary Income 47,865 46,992 - 46,992
Upon a motion by Susan Stanczyk, seconded by Janice Herzog, the OCIDA Board adjourned the meeting at 9:03 am. Motion was carried.
5 _________________________________ Svetlana Dyer, Secretary 6 January 31, 2024
Revenue / Expense / Income Current Period Current YTD Amount Change to Budget Operating/Non-Op Revenue 153,448 153,448 3,130,000 (2,976,552) Administrative Expense 30,297 30,297 950,000 (919,703) Operating/Program Expense 75,286 76,159 2,180,000 (2,103,841) Net Ordinary Income 47,865 46,992 - 46,992 Current Assets Current YTD Prior YTD Total Cash 11,460,796 7,988,354 Less Pass Through Received 5,464,613 4,616,139 Available Cash 5,996,183 3,372,215 Receivables 238,401 537,359 Total 6,234,585 3,909,574 Onondaga County Industrial Development Agency Profit and Loss January 2024 Current Assets Current YTD Prior YTD Total Cash 11,460,796 7,988,354 Less Pass Through Received 5,464,613 4,616,139 Available Cash 5,996,183 3,372,215 Receivables 238,401 537,359 Total 6,234,585 3,909,574 Onondaga County Industrial Development Agency Profit and Loss January 2024
Income
2116.1 Agency Fees 12,795.63 2116.3 WPCP Agency Fee 111,111.11 Total 2116 Fees 123,906.74 2410 Lease Income 1,224.30 Total 500 Operating Revenue 125,131.04
2401 Interest Income 27,186.93 501.2 Other Non-Operating Revenue 1,130.50 Total 501 Non-Operating Revenue 28,317.43
528.003 OHB Redev LLC Funds Pass Thru 66,031.25 529 PILOT Income 6,835,268.29 Total 534 Pilot & Pass Thru Revenue 6,901,299.54 550 WPCP Pass Thru Revenue 451,827.50 Total Income $7,506,575.51 GROSS PROFIT $7,506,575.51 Expenses
6407 Administrative Expense 30,296.86 6408 Meeting Expenses 395.65 6409 Conference Attendence 590.00 6410 Office Expense 1,778.26 6411 Memberships / Sponsorships 3,640.00 Total 6400 Operating Expense 36,700.77
6460 IDA General Legal 5,550.00 Total 6450 Barclay Damon 5,550.00 Total 6440 Legal Fees 5,550.00
6510.6 Taxes/SDC 64,819.24 6510.7 WPCP Marketing -1,718.21 Total 6510 White Pine Commerce Park 63,101.03
Income
2116.1 Agency Fees 12,795.63 2116.3 WPCP Agency Fee 111,111.11 Total 2116 Fees 123,906.74 2410 Lease Income 1,224.30 Total 500 Operating Revenue 125,131.04
2401 Interest Income 27,186.93 501.2 Other Non-Operating Revenue 1,130.50 Total 501 Non-Operating Revenue 28,317.43
528.003 OHB Redev LLC Funds Pass Thru 66,031.25 529 PILOT Income 6,835,268.29 Total 534 Pilot & Pass Thru Revenue 6,901,299.54 550 WPCP Pass Thru Revenue 451,827.50 Total Income $7,506,575.51 GROSS PROFIT $7,506,575.51 Expenses
6407 Administrative Expense 30,296.86 6408 Meeting Expenses 395.65 6409 Conference Attendence 590.00 6410 Office Expense 1,778.26 6411 Memberships / Sponsorships 3,640.00 Total 6400 Operating Expense 36,700.77
6460 IDA General Legal 5,550.00 Total 6450 Barclay Damon 5,550.00 Total 6440 Legal Fees 5,550.00
6510.6 Taxes/SDC 64,819.24 6510.7 WPCP Marketing -1,718.21 Total 6510 White Pine Commerce Park 63,101.03 Accrual Basis Monday, February 5, 2024 01:32 PM GMT-05:00 1/2 Onondaga County Industrial Development Agency Profit and Loss January 2024
6530 800 Hiawatha Blvd. West 6530.1 Taxes 231.48 Total 6530 800 Hiawatha Blvd. West 231.48 Total 6500 Agency Program Expenses 63,332.51
6605.2 PILOT Expense 872.40 6606 OHB Redev LLC Funds Pass Thru 66,031.25 Total 6605 Pilot & Pass Thru Expenses 66,903.65 Total 6600 Non-Operating Expenses 66,903.65
6610.1 Barclay Damon 177,777.78 6610.2 JMT 128,787.88 6610.7 Gorick Construction 145,261.84 Total 6610 WPCP Pass Thru Expenses 451,827.50 Total Expenses $624,314.43 NET OPERATING INCOME $6,882,261.08 NET INCOME $6,882,261.08 Accrual Basis Monday, February 5, 2024 01:32 PM GMT-05:00 1/2 Onondaga County Industrial Development Agency Profit and Loss January 2024
6530 800 Hiawatha Blvd. West 6530.1 Taxes 231.48 Total 6530 800 Hiawatha Blvd. West 231.48 Total 6500 Agency Program Expenses 63,332.51
6605.2 PILOT Expense 872.40 6606 OHB Redev LLC Funds Pass Thru 66,031.25 Total 6605 Pilot & Pass Thru Expenses 66,903.65 Total 6600 Non-Operating Expenses 66,903.65
6610.1 Barclay Damon 177,777.78 6610.2 JMT 128,787.88 6610.7 Gorick Construction 145,261.84 Total 6610 WPCP Pass Thru Expenses 451,827.50 Total Expenses $624,314.43 NET OPERATING INCOME $6,882,261.08 NET INCOME $6,882,261.08 Accrual Basis Monday, February 5, 2024 01:32 PM GMT-05:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of January 31, 2024
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 9,538,292.01 200.2 Cash - M & T Money Maker Savings 1,931,412.22 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 11,460,796.41 Total Bank Accounts $11,460,796.41 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 3,871,487.07 Total 380 Accounts Rec. 3,871,487.07 Total Accounts Receivable $3,871,487.07 Other Current Assets
480.4 Credit Balance on Card -3,400.00 Total 480 Prepaid Expenses -3,400.00 Total Other Current Assets $ -3,400.00 Total Current Assets $15,328,883.48 Fixed Assets
101 White Pines Commerce Park 4,494,521.05
101.101 CHA GEIS 1 267,452.05 101.102 CHA GEIS 2 219,439.36 101.104 GEIS Reg Plan Board Overview 19,797.74 Total 101.1 WPCP GEIS 506,689.15 101.2 WPCP Legal 69,774.25 101.3 Engineering Services 52,675.00 101.301 Temporary Access 4,055.44 101.4 Environmental/Demo Services 10,318.98 Total 101.3 Engineering Services 67,049.42
101.501 Land Purchases 1,160,063.57 101.502 Closing Costs 3,168.14 Accrual Basis Monday, February 5, 2024 01:32 PM GMT-05:00 2/2 Onondaga County Industrial Development Agency Balance Sheet As of January 31, 2024
Current Assets Bank Accounts 200 Cash 0.00 200.1 Cash - M & T Checking 9,538,292.01 200.2 Cash - M & T Money Maker Savings 1,931,412.22 200.4 Destiny USA Restricted Cash -8,957.82 210 Petty Cash 50.00 Total 200 Cash 11,460,796.41 Total Bank Accounts $11,460,796.41 Accounts Receivable 380 Accounts Rec.
380.6 A/R Fees, Lease & PILOT 3,871,487.07 Total 380 Accounts Rec. 3,871,487.07 Total Accounts Receivable $3,871,487.07 Other Current Assets
480.4 Credit Balance on Card -3,400.00 Total 480 Prepaid Expenses -3,400.00 Total Other Current Assets $ -3,400.00 Total Current Assets $15,328,883.48 Fixed Assets
101 White Pines Commerce Park 4,494,521.05
101.101 CHA GEIS 1 267,452.05 101.102 CHA GEIS 2 219,439.36 101.104 GEIS Reg Plan Board Overview 19,797.74 Total 101.1 WPCP GEIS 506,689.15 101.2 WPCP Legal 69,774.25 101.3 Engineering Services 52,675.00 101.301 Temporary Access 4,055.44 101.4 Environmental/Demo Services 10,318.98 Total 101.3 Engineering Services 67,049.42
101.501 Land Purchases 1,160,063.57 101.502 Closing Costs 3,168.14 Accrual Basis Monday, February 5, 2024 01:31 PM GMT-05:00 1/4 Onondaga County Industrial Development Agency Balance Sheet As of January 31, 2024
Total 101.5 Land Acquisition Costs 1,163,231.71 101.6 WPCP Marketing 2,984.34 Total 101 White Pines Commerce Park 6,304,249.92 106 North Salina Properties 0.00 106.1 435 North Salina 17,083.55 106.3 435 North Salina Building 634,421.53 Total 106 North Salina Properties 651,505.08 107 800 Hiawatha 604,840.42 Total 100 Land 7,560,595.42
104.1 Office Furniture 1,429.00 104.2 Equipment 4,589.00 Total 104 Machinery & Equipment 6,018.00 211 A/D Office Furniture -4,124.00 213 A/D Buildings -113,870.00 250 Investment in Real Property 29,508,083.00 Total Fixed Assets $36,956,702.42 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $52,287,227.66 Accrual Basis Monday, February 5, 2024 01:31 PM GMT-05:00 1/4 Onondaga County Industrial Development Agency Balance Sheet As of January 31, 2024
Total 101.5 Land Acquisition Costs 1,163,231.71 101.6 WPCP Marketing 2,984.34 Total 101 White Pines Commerce Park 6,304,249.92 106 North Salina Properties 0.00 106.1 435 North Salina 17,083.55 106.3 435 North Salina Building 634,421.53 Total 106 North Salina Properties 651,505.08 107 800 Hiawatha 604,840.42 Total 100 Land 7,560,595.42
104.1 Office Furniture 1,429.00 104.2 Equipment 4,589.00 Total 104 Machinery & Equipment 6,018.00 211 A/D Office Furniture -4,124.00 213 A/D Buildings -113,870.00 250 Investment in Real Property 29,508,083.00 Total Fixed Assets $36,956,702.42 Other Assets 240 Blue Sky Redevelopment 1,641.76 Total Other Assets $1,641.76 TOTAL ASSETS $52,287,227.66
Liabilities Current Liabilities Accounts Payable 300 WPCP Pass Thru Payable 2,152,190.75 Total Accounts Payable $2,152,190.75 Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 758,116.40 600.102 Due to BD WPCP -0.34 600.204 OHB Redev LLC Funds 185,626.90 600.205 Exp Pay Prev Period 9,700.03 600.206 Mileage Reimbursement 0.34 600.208 BlueRock Energy Agreement Deposit 25,000.00 600.209 Syracuse Rail Overpayment 500.00 600.3 Onondaga County Loan 28,079,656.77 600.31 Accrued Interest - OC Note Payable 488,656.00 Total 600.3 Onondaga County Loan 28,568,312.77
Liabilities Current Liabilities Accounts Payable 300 WPCP Pass Thru Payable 2,152,190.75 Total Accounts Payable $2,152,190.75 Other Current Liabilities 600 Accounts Payable 0.00 600.1 Due to Related Party - OED 758,116.40 600.102 Due to BD WPCP -0.34 600.204 OHB Redev LLC Funds 185,626.90 600.205 Exp Pay Prev Period 9,700.03 600.206 Mileage Reimbursement 0.34 600.208 BlueRock Energy Agreement Deposit 25,000.00 600.209 Syracuse Rail Overpayment 500.00 600.3 Onondaga County Loan 28,079,656.77 600.31 Accrued Interest - OC Note Payable 488,656.00 Total 600.3 Onondaga County Loan 28,568,312.77 Accrual Basis Monday, February 5, 2024 01:31 PM GMT-05:00 2/4 Onondaga County Industrial Development Agency Balance Sheet As of January 31, 2024
Total 600 Accounts Payable 29,547,256.10
602 Pass Thru Payable 32,471.00 603 PILOT Pass Thru -6,619,395.71 Total 601 PILOT and Pass Thru Payable -6,586,924.71
631.105 Camillus 10,446.00 631.11 Cicero 75,412.49 631.115 Clay 67,212.00 631.12 Dewitt 103,668.06 631.125 Elbridge 99,853.00 631.13 Geddes 625.94 631.135 Lysander 86,360.00 631.14 Manlius 4,840.00 631.15 Salina 126,720.50 631.155 Skaneateles 38,521.81 631.17 Van Buren 97,870.00 631.18 Town of LaFayette 2,966.00 Total 631.1 Towns 714,495.80
631.205 Baldwinsville 110,872.00 631.235 Liverpool 4,754.00 631.24 North Syracuse 16,794.00 631.26 Solvay 4,980.09 631.27 Manlius 10,265.00 Total 631.2 Villages 147,665.09
631.305 Baldwinsville 854,949.00 631.315 East Syracuse-Minoa 518,493.09 631.32 Fayetteville-Manilus 34,571.00 631.325 Jamesville-Dewitt 15,895.00 631.33 Jordan-Elbridge 541,563.00 631.335 Liverpool 578,620.00 631.337 Lyncourt 563,562.34 631.34 Marcellus 2,854.00 631.345 North Syracuse 616,672.22 631.35 Skaneateles 213,420.07 631.355 Solvay 10,469.72 631.356 Syracuse 76,222.55 631.36 West Genesee 36,382.00 631.37 LaFayette School District 9,664.00 Accrual Basis Monday, February 5, 2024 01:31 PM GMT-05:00 2/4 Onondaga County Industrial Development Agency Balance Sheet As of January 31, 2024
Total 600 Accounts Payable 29,547,256.10
602 Pass Thru Payable 32,471.00 603 PILOT Pass Thru -6,619,395.71 Total 601 PILOT and Pass Thru Payable -6,586,924.71
631.105 Camillus 10,446.00 631.11 Cicero 75,412.49 631.115 Clay 67,212.00 631.12 Dewitt 103,668.06 631.125 Elbridge 99,853.00 631.13 Geddes 625.94 631.135 Lysander 86,360.00 631.14 Manlius 4,840.00 631.15 Salina 126,720.50 631.155 Skaneateles 38,521.81 631.17 Van Buren 97,870.00 631.18 Town of LaFayette 2,966.00 Total 631.1 Towns 714,495.80
631.205 Baldwinsville 110,872.00 631.235 Liverpool 4,754.00 631.24 North Syracuse 16,794.00 631.26 Solvay 4,980.09 631.27 Manlius 10,265.00 Total 631.2 Villages 147,665.09
631.305 Baldwinsville 854,949.00 631.315 East Syracuse-Minoa 518,493.09 631.32 Fayetteville-Manilus 34,571.00 631.325 Jamesville-Dewitt 15,895.00 631.33 Jordan-Elbridge 541,563.00 631.335 Liverpool 578,620.00 631.337 Lyncourt 563,562.34 631.34 Marcellus 2,854.00 631.345 North Syracuse 616,672.22 631.35 Skaneateles 213,420.07 631.355 Solvay 10,469.72 631.356 Syracuse 76,222.55 631.36 West Genesee 36,382.00 631.37 LaFayette School District 9,664.00 Accrual Basis Monday, February 5, 2024 01:31 PM GMT-05:00 3/4 Onondaga County Industrial Development Agency Balance Sheet As of January 31, 2024
Total 631.3 Schools 4,073,337.99 631.4 Onondaga County 1,246,202.91 631.5 City of Syracuse 38,396.57 Total 631 Due to Other Governments 6,220,098.36 Total Other Current Liabilities $29,180,429.75 Total Current Liabilities $31,332,620.50 Total Liabilities $31,332,620.50 Equity 3900 Equity Unreserved 11,353,678.45 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 368,811.84 465 Equity - Unreserved 4,017.16 Net Income 6,882,261.08 Total Equity $20,954,607.16 TOTAL LIABILITIES AND EQUITY $52,287,227.66 Accrual Basis Monday, February 5, 2024 01:31 PM GMT-05:00 3/4 Onondaga County Industrial Development Agency Balance Sheet As of January 31, 2024
Total 631.3 Schools 4,073,337.99 631.4 Onondaga County 1,246,202.91 631.5 City of Syracuse 38,396.57 Total 631 Due to Other Governments 6,220,098.36 Total Other Current Liabilities $29,180,429.75 Total Current Liabilities $31,332,620.50 Total Liabilities $31,332,620.50 Equity 3900 Equity Unreserved 11,353,678.45 3901 Equity-Investment Fixed Assets 2,345,838.63 463 Reserve For Contracts 368,811.84 465 Equity - Unreserved 4,017.16 Net Income 6,882,261.08 Total Equity $20,954,607.16 TOTAL LIABILITIES AND EQUITY $52,287,227.66 Accrual Basis Monday, February 5, 2024 01:31 PM GMT-05:00 4/4 Accrual Basis Monday, February 5, 2024 01:31 PM GMT-05:00 4/4
PAYMENT OF BILLS - SCHEDULE #490 February 8, 2024
PAYMENT OF BILLS - SCHEDULE #490 February 8, 2024
1. BARCLAY DAMON LLP $ 2,812.50 Retained Corporate & Public Finance Matters, Inv#5272535 2. BARCLAY DAMON LLP $ 1,542.50 Caughdenoy Rd Business Park, Inv#5272754 3. BARCLAY DAMON LLP $ 19,638.46 OHB Redev, Inv#5272345 4. BARCLAY DAMON LLP $ 177,777.78 December 2023 Legal Costs 5. JMT OF NEW YORK, INC. $ 128,787.88 December 2023 Engineering Costs 6. BARTON & LOGUIDICE $ 50,059.00 Demolition Costs 7. GORICK CONSTRUCTION CO., INC. $ 613,472.93 Demolition Costs 8. BARTON & LOGUIDICE $ 5,453.00 Caughdenoy Business Park, Inv#139749 9. NYS DEPARTMENT OF ENVIRONMENTAL CONSERVATION $ 110.00 SPDES Construction Fee 10. DRYDEN MUTUAL INSURANCE CO. $ 284.43 Additional Insured Policy, Installment #4 TOTAL $ 999,938.48
1. BARCLAY DAMON LLP $ 2,812.50 Retained Corporate & Public Finance Matters, Inv#5272535 2. BARCLAY DAMON LLP $ 1,542.50 Caughdenoy Rd Business Park, Inv#5272754 3. BARCLAY DAMON LLP $ 19,638.46 OHB Redev, Inv#5272345 4. BARCLAY DAMON LLP $ 177,777.78 December 2023 Legal Costs 5. JMT OF NEW YORK, INC. $ 128,787.88 December 2023 Engineering Costs 6. BARTON & LOGUIDICE $ 50,059.00 Demolition Costs 7. GORICK CONSTRUCTION CO., INC. $ 613,472.93 Demolition Costs 8. BARTON & LOGUIDICE $ 5,453.00 Caughdenoy Business Park, Inv#139749 9. NYS DEPARTMENT OF ENVIRONMENTAL CONSERVATION $ 110.00 SPDES Construction Fee 10. DRYDEN MUTUAL INSURANCE CO. $ 284.43 Additional Insured Policy, Installment #4 TOTAL $ 999,938.48
PAYMENT OF BILLS - SCHEDULE #490 February 8, 2024 PILOT Payments 1. ONONDAGA COUNTY* $ 856.60 Syracuse Rail 4th Q 2023 PILOT Payment 2. TOWN OF ONONDAGA* $ 2.67 Syracuse Rail 4th Q 2023 PILOT Payment 3. TOWN OF DEWITT* $ 13.13 Syracuse Rail 4th Q 2023 PILOT Payment 4. ONONDAGA COUNTY $ 1,238,919.44
5. TOWN OF CICERO $ 67,642.49
6. TOWN OF CLAY $ 62,500.00
7. TOWN OF DEWITT $ 91,050.06
8. TOWN OF LYSANDER $ 86,360.00
9. CITY OF SYRACUSE $ 38,396.93
10. TOWN OF MANLIUS $ 4,840.00
11. VILLAGE OF MANLIUS $ 10,265.00
12. TOWN OF CAMILLUS $ 10,446.00
13 TOWN OF GEDDES $ 625.94
PAYMENT OF BILLS - SCHEDULE #490 February 8, 2024 PILOT Payments 1. ONONDAGA COUNTY* $ 856.60 Syracuse Rail 4th Q 2023 PILOT Payment 2. TOWN OF ONONDAGA* $ 2.67 Syracuse Rail 4th Q 2023 PILOT Payment 3. TOWN OF DEWITT* $ 13.13 Syracuse Rail 4th Q 2023 PILOT Payment 4. ONONDAGA COUNTY $ 1,238,919.44
5. TOWN OF CICERO $ 67,642.49
6. TOWN OF CLAY $ 62,500.00
7. TOWN OF DEWITT $ 91,050.06
8. TOWN OF LYSANDER $ 86,360.00
9. CITY OF SYRACUSE $ 38,396.93
10. TOWN OF MANLIUS $ 4,840.00
11. VILLAGE OF MANLIUS $ 10,265.00
12. TOWN OF CAMILLUS $ 10,446.00
13 TOWN OF GEDDES $ 625.94
14 VILLAGE OF SOLVAY $ 4,980.09
1 Schedule#490 15 TOWN OF SALINA $ 126,721.31
16 VILLAGE OF LIVERPOOL $ 4,754.00
17 VILLAGE OF BALDWINSVILLE $ 155,583.64
18 VILLAGE OF NORTH SYRACUSE $ 16,794.00
19 TOWN OF ELBRIDGE $ 98,567.00
20 TOWN OF SKANEATELES $ 38,295.71
21 TOWN OF VAN BUREN $ 108,322.43
22 WEST GENESEE CSD $ 36,382.00
23 SOLVAY UNION FREE SCHOOL DISTRICT $ 10,469.72
24 SYRACUSE CITY SCHOOL DISTRICT $ 76,222.65
25. BALDWINSVILLE CSD $ 986,701.67
26. EAST SYRACUSE MINOA CSD $ 451,507.09
27 LIVERPOOL CSD $ 578,620.00
28 NORTH SYRACUSE CSD $ 543,965.22
29 JAMESVILLE-DEWITT CSD $ 15,895.00
30 JORDAN-ELBRIDGE CSD $ 534,655.00
2 14 VILLAGE OF SOLVAY $ 4,980.09
1 Schedule#490 15 TOWN OF SALINA $ 126,721.31
16 VILLAGE OF LIVERPOOL $ 4,754.00
17 VILLAGE OF BALDWINSVILLE $ 155,583.64
18 VILLAGE OF NORTH SYRACUSE $ 16,794.00
19 TOWN OF ELBRIDGE $ 98,567.00
20 TOWN OF SKANEATELES $ 38,295.71
21 TOWN OF VAN BUREN $ 108,322.43
22 WEST GENESEE CSD $ 36,382.00
23 SOLVAY UNION FREE SCHOOL DISTRICT $ 10,469.72
24 SYRACUSE CITY SCHOOL DISTRICT $ 76,222.65
25. BALDWINSVILLE CSD $ 986,701.67
26. EAST SYRACUSE MINOA CSD $ 451,507.09
27 LIVERPOOL CSD $ 578,620.00
28 NORTH SYRACUSE CSD $ 543,965.22
29 JAMESVILLE-DEWITT CSD $ 15,895.00
30 JORDAN-ELBRIDGE CSD $ 534,655.00
2 Schedule#490 31 FAYETTEVILLE-MANLIUS CSD $ 34,571.00
32 LYNCOURT CSD $ 563,562.34
33 SKANEATELES CSD $ 213,420.07
TOTAL $ 6,211,908.20 *Ratification of checks dated January 25, 2024 3 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 Schedule#490 31 FAYETTEVILLE-MANLIUS CSD $ 34,571.00
32 LYNCOURT CSD $ 563,562.34
33 SKANEATELES CSD $ 213,420.07
TOTAL $ 6,211,908.20 *Ratification of checks dated January 25, 2024 3 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 TTM Technologies, Inc.
for 30 years OCIDA estimate of current market value $ 11,175,500 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 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 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 Year
Jobs Current/Actuals 508 508 508 508 Creation Goals 15 60 245 80 Total Employment Goals 523 583 828 908
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 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 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. _________________________________ Onondaga County Industrial Development Agency Page 2 C) Applicant Business Description:
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 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.
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 Cell Phone: Email: ___________________________ dan.weber@ttmtech.com Onondaga County Industrial Development Agency Page 3 G) Company Counsel:
Name of Attorney: _____________________________________________________________ Kevin McAuliffe 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 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
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 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
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): 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 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:
☐ 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 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 ☐ (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
A) Project Costs and Finances Description of Costs Total Budget Amount Land Acquisition $3,000,000 Site Work/Demo $4,178,676 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
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 $__________________
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 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 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 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 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 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 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 Page 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 Page 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 Page 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 Page 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 Page 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 Page 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 Page 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 Page 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 Page 14 Onondaga County Industrial Development Agency Page 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 Page 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 Page 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.
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