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Public Records › OCIDA › ocida-meeting

April 2025 — 4-10-25 OCIDA Regular Meeting Board Packet

Document date 2024-12-12 Collected 2026-08-07 Extracted text 16,331 words Format PDF
Official copy ↗ Archived copy Plain text (OCR) Search mentions
Same source April 2025 · 2024-12-12
Same source April 2025 — OCIDA Recording · 2024-12-12
Same source April 2025 — 4-10-25 OCIDA Mtg Notice · 2024-12-12

Machine-extracted (OCR) from the official document — formatting is approximate; the official copy governs.

335 MONTGOMERY STREET, FLOOR 2M, SYRACUSE, NY 13202
335 MONTGOMERY STREET, FLOOR 2M, SYRACUSE, NY 13202
                315.435.3770 • ECONOMICDEVELOPMENT@ONGOV.NET • ONGOVED.COM
                                  Regular Meeting Agenda
                                      April 10, 2025
Call to Order the Regular Meeting of the Agency
       A. Approval of Minutes: March 6, 2025
       B. Treasurer’s Report
       C. Payment of Bills
       D. Conflict of Interest
Action Items:
  1. Upstate Pathology Lab Ownership, LLC (Project #3101-24-07A) Second Meeting
     Upstate Pathology Lab Ownership, LLC is proposing construction of an approximately
     109,000 square foot three story pathology lab building in the town of DeWitt.
     Agency Action Requested:
      a. A resolution of the Board authorizing the financial assistance the Agency will provide
         and the execution and delivery of the documents related to the provision of the financial
         assistance. Agency benefits requested include exemptions from certain real property
         taxes, sales and use taxes and mortgage recording taxes.
     Representative: Kevin McAuliffe
  2. Semiconductor Components Industries, LLC dba onsemi (Project #3101-24-09A)
     Second Meeting
     Semiconductor Components Industries, LLC dba onsemi is proposing to develop and
     manufacture semiconductor technology at an existing approximately 66,550 sq. ft.
     fabrication facility located at 50 Collamer Crossings Parkway in the town of DeWitt.
Agency Action Requested:
      a. A resolution of the Board to authorize adoption of SEQRA determination.
      b. A resolution of the Board authorizing the financial assistance the Agency will provide.
         Agency benefits requested include exemptions from certain real property taxes, real
         estate transfer taxes, sales and use taxes and mortgage recording taxes.
      Representative: Subhash Pidaparthi
                                         Page 1 of 111
  3. United Auto Supply of Syracuse West, Inc. (Project #3101-25-03A) Initial Meeting
     United Auto Supply of Syracuse West, Inc. is proposing to renovate approximately 259,000
     square feet located at 1200 State Fair Boulevard in the town of Geddes to allow for
     expansion of operations, distribution, and warehousing at one centralized location.
     Agency Action Requested:
      a. A resolution of the Board authorizing a public hearing.
     Representative: James Ranalli III and James Trasher
  4. Executive Session
  5. Purchase Contract Execution
     Agency Action Requested:
     a. A resolution of the Board authorizing the adoption of a SEQRA determination for the
        acquisition of properties.
     b. Resolutions of the board authorizing the Executive Director to enter into purchase
        contracts and related documents with respect to the acquisition of properties.
Adjourn
                                        Page 2 of 111
Regular Meeting Minutes
                                           March 6, 2025
A regular meeting of the Onondaga County Industrial Development Agency was held on Thursday,
March 6, 2025, at 335 Montgomery Street, Floor 2M, Syracuse, New York.
Patrick Hogan called the meeting to order at 8:36 AM with the following in attendance:
PRESENT:
Patrick Hogan
Janice Herzog
Elizabeth Dreyfuss
Kevin Ryan
ABSENT:
Fanny Villarreal
Cydney Johnson
Susan Stanczyk
ALSO PRESENT:
Robert Petrovich, Executive Director
Nate Stevens, Treasurer
Alexis Rodriguez, Secretary
Robert Schoeneck, Assistant Treasurer
Amanda Fitzgerald, Esq., Counsel (via Zoom)
Subhash Pidaparthi, Semiconductor Components Industries, LLC
Christopher Andreucci, Harris Beach Murtha
Minesh Patel, Liverpool Lodging Ventures LLC
Louis Muraco, 629 LeMoyne Manor LLC
Mike Lisson, Grossman St. Amour CPA’s
Approval of Meeting Minutes: February 6, 2025
Upon motion by Elizabeth Dreyfuss, seconded by Janice Herzog, the Board approved the regular meeting
minutes of February 6, 2025. Motion was carried.
Treasurer’s Report
Nate Stevens gave a brief overview of the Treasurer’s Report for the month of February 2025.
Upon motion by Janice Herzog, seconded by Elizabeth Dreyfuss, the Board approved the Treasurer’s
Report for the month of February 2025. Motion was carried.
                                             Page 3 of 111
Payment of Bills
Nate Stevens gave a brief overview of the Payment of Bills.
Upon motion by Janice Herzog, seconded by Elizabeth Dreyfuss, the Board approved the Payment of
Bills. Motion was carried.
Action Items:
    1. Semiconductor Components Industries, LLC dba onsemi (Project #3101-24-09A) Initial
       Meeting
       Semiconductor Components Industries, LLC dba onsemi is proposing to develop and
       manufacture semiconductor technology at an existing approximately 66,550 sq. ft.
       fabrication facility located at 50 Collamer Crossings Parkway in the town of DeWitt.
        Subhash Pidaparthi gave the Board an overview of onsemi’s operations and the proposed project.
        Pidaparthi stated onsemi is a Fortune 500 semiconductor company listed on the Nasdaq-100
        index as well as the S&P 500 index, with approximately 30,000 employees worldwide and over
        4,000 employees in the US. Onsemi’s intelligent power and sensing solutions offer superior
        efficiency, helping our customers in automotive, industrial, communications, and computing
        industries. Onsemi recently acquired an inactive fabrication facility of approximately 66,550 sq.
        ft., which includes about 7,000 sq. ft. of office space and approximately 22,000 sq. ft. of
        manufacturing space, all sitting on a 14-acre lot at 50 Collamer Crossings Parkway in the town of
        DeWitt.
Onsemi intends to use all necessary equipment in the existing facility to be used in the
        development of new wide bandgap semiconductor technology. Onsemi’s project costs are
        estimated to be about $118 million, which will be funded entirely by onsemi. In the initial
        research and development phase, onsemi anticipates to incur costs of $25 million for the
        acquisition of the land, building, and equipment for the currently inactive fabrication plant. In this
        time, onsemi plans to create about 25 high tech jobs. During the manufacturing phase of the
        project, onsemi anticipates to spend $20 million on renovations to the building. Additionally,
        onsemi plans to spend approximately $70 million to acquire necessary equipment to bring the fab
        online. Lastly, about $4 million is expected to be spent over both phases facilitating the research
        and development and manufacturing activities conducted in the fab. As the manufacturing line
        gets built out, onsemi plans to hire an additional 55 people for high tech jobs. This will be over 80
        high tech jobs in the initial five years of the project. The objectives of the project are to bring the
        existing fab online, qualify the wide bandgap semiconductor technology, and ramp up
        manufacturing volumes.
                                                Page 4 of 111
Robert Petrovich noted that this a great project, as the previous tenant of the facility, NexGen,
    was no longer in operation. He also noted that the County Executive is supportive of this project.
    Kevin Ryan asked if the property had been purchased yet. Pidaparthi confirmed that they closed
    in December 2024.
    Janice Herzog inquired about the level of education that will be needed for the community to
    work at the facility. Pidaparthi advised that a high school diploma will be required for a number
    of positions at onsemi. For engineering positions, a bachelor's degree will be required. Onsemi
    will offer on-site training for multiple positions.
    Janice Herzog asked where the 26,000 employees outside of the United States are located.
    Pidaparthi advised that the employees are based all over the world, specifically in Malaysia, the
    Philippines, the Czech Republic, and Germany.
    Patrick Hogan read the Agency Action Requested of “A resolution of the Board authorizing a
    public hearing.” Motion was made by Janice Herzog, seconded by Kevin Ryan. Motion was
    carried.
2. Liverpool Lodging Ventures LLC (Project #3101-25-01A) Initial Meeting
   Liverpool Lodging Ventures LLC is proposing to construct a 103,673 sq. ft. dual-branded
   Marriott hotel, consisting of a Fairfield Inn & Suites and a Residence Inn, located in the
   town of Clay. The hotel will feature approximately 162 rooms and serve a diverse range of
   guests and extended-stay visitors.
    Minesh Patel provided background of the project. He explained that he’s the Chief Operating
    Officer Visions Hotels, which is the management company and the developer. The applicant,
    Liverpool Lodging Ventures LLC, has engaged Visions Hotels to develop and manage the hotel’s
    operations.
    The proposed hotel will serve transient guests and extended stay guests. The location is in close
    proximity to the Micron site. Patel stated that currently there’s a shortage of hotels in the County
    and in the town of Clay. New hotels need to be built in order to satisfy the needs of not only
    Micron, but the growing community.
    Patel advised that since the pandemic, his company has ceased all new construction, due to
    economic conditions, specifically high construction costs and interest rates. The assistance from
    OCIDA would help alleviate some of these financial hardships.
                                           Page 5 of 111
Patrick Hogan noted that it’s obvious that this area needs hotels, especially since there have been
   recent closures and hotels being taken offline. Hogan also stated that the County will need hotels
   to support Micron’s development.
   Patrick Hogan read the Agency Action Requested of “A resolution of the Board authorizing a
   public hearing.” Motion was made by Kevin Ryan and seconded by Elizabeth Dreyfuss. Motion
   was carried.
3. 629 LeMoyne Manor LLC (3101-20-15A) Modification Meeting
   629 LeMoyne Manor LLC is requesting an extension of the termination date of their sales and use
   tax exemption.
   Robert Petrovich explained that this is an extension of their existing IDA sales and use tax
   exemption.
   Louis Muraco advised that the extension request is due to delays in the completion of the project.
   The delays were onset by the addition of enclosed garages instead of carports. Muraco stated that
   the project is substantially complete.
   Patrick Hogan read the Agency Action Requested of “A resolution of the Board authorizing an
   extension of the sales and use tax exemption.” Motion was made by Kevin Ryan and seconded by
   Janice Herzog. Motion was carried.
4. 2024 Agency Audit
   Patrick Hogan referenced the prior presentation of the Agency audit that Mike Lisson presented at
   the Audit Committee meeting.
Patrick Hogan read the Agency Action Requested of “A resolution of the Board approving the
   2024 Audit of the Agency.” A motion was made by Janice Herzog and seconded by Elizabeth
   Dreyfuss. Motion was carried.
5. Onondaga County Department of Water Environment Protection
   The Onondaga County Department of Water Environment Protection is requesting access
   to a portion of property located at 5064 State Route 31 in the Town of Clay, owned by the
   Agency to undertake certain activities consistent with its Oak Orchard municipal sewer
   expansion project. The land will ultimately be purchased by WEP.
   Robert Petrovich advised that OCIDA is proposing to use approximately 1.31 acres of land at the
   White Pine Science and Technology Park to build a municipal pump station to provide sewer
   service to support Micron and companies that plan to develop in the designated area. Petrovich
   stated that in order to support the construction of the new pump station, OCIDA is working
                                          Page 6 of 111
       toward providing an access agreement for WEP to start the preliminary construction work on the
       property. Ultimately, the approximate 1.31 acre parcel of land will subdivided and sold to WEP.
       Petrovich added that the second resolution is to declare OCIDA’s intent to be lead agency to
       coordinate the environmental review associated with the sale of the property.
Amanda Fitzgerald stated that the first resolution to execute the access agreement is a Type 2
       action that doesn’t require any further review under SEQR. The second resolution is declaring
       OCIDA lead agency only in connection with the subdivision of the specified parcel and the sale
       of the property.
       Kevin Ryan inquired if the parcel is located on the corner of Caughdenoy Road and Route 31.
       Petrovich advised that Kevin was correct and that the parcel is located on the southeast corner.
       Patrick Hogan read the Agency Action Requested of “A resolution of the Board authorizing the
       execution and delivery of an access agreement with the Onondaga County Department of Water
       Environment Protection in connection with the development of land in the Town of Clay.” A
       motion was made by Kevin Ryan and seconded by Janice Herzog. Motion was carried.
       Patrick Hogan read the Agency Action Requested of “A resolution of the Board declaring the
       Agency’s intent to be Lead Agency for a coordinated environmental review with respect to the
       eventual subdivision and sale of the property.” A motion was made by Kevin Ryan and seconded
       by Janice Herzog. Motion was carried.
   6. Executive Session
      Amanda Fitzgerald noted that the Board was going into Executive Session for the purpose of
      discussing a proposed acquisition of real property.
Motion to enter Executive Session was made by Kevin Ryan, seconded by Janice Herzog. Motion
       was carried.
Motion to come out of Executive Session made by Kevin Ryan and seconded by Janice Herzog.
Motion to adjourn was made by Janice Herzog and seconded by Elizabeth Dreyfuss at 9:14 AM.
___________________________________
       Alexis Rodriguez, Secretary
                                             Page 7 of 111
                                   March 31, 2025
    Revenue / Expense / Income             Current Period        Current YTD
Operating/Non-Op Revenue                               159,971          676,326
Administrative Expense                                  51,146          157,105
Operating/Program Expense                               54,130          164,749
Net Ordinary Income                                     54,696          354,471
                         Current Assets                          Current YTD
Total Cash                                                            9,462,471
Less Pass Through Received                                              365,947
Net Cash                                                              9,096,524
                                 Page 8 of 111
                         Onondaga County Industrial Development Agency
                                                      Profit and Loss
                                                         March 2025
TOTAL
Income
 500 Operating Revenue
  2116 Fees
  2116.1 Agency Fees                                                                            4,635.46
  2116.3 WPCP Agency Fee                                                                      111,111.11
  Total 2116 Fees                                                                             115,746.57
  2410 Lease Income                                                                             1,224.30
 Total 500 Operating Revenue                                                                  116,970.87
 501 Non-Operating Revenue
  2401 Interest Income                                                                         34,696.36
  501.2 Other Non-Operating Revenue                                                              201.13
 Total 501 Non-Operating Revenue                                                               34,897.49
 527 Nat Grid Matching Grant                                                                    8,103.00
 534 Pilot & Pass Thru Revenue
  528.003 OHB Redev LLC Funds Pass Thru                                                        34,570.00
  529 PILOT Income                                                                             30,216.13
 Total 534 Pilot & Pass Thru Revenue                                                           64,786.13
 550 WPCP Pass Thru Revenue                                                                   306,565.66
Total Income                                                                                 $531,323.15
GROSS PROFIT                                                                                 $531,323.15
Expenses
 6400 Operating Expense
  6401 Insurance
  6401.1 D&O Insurance                                                                          6,523.00
  Total 6401 Insurance                                                                          6,523.00
  6406 Other Professional Services
  6406.50 Consulting Services                                                                   3,000.00
  Total 6406 Other Professional Services                                                        3,000.00
  6407 Administrative Expense                                                                  51,145.73
  6409 Conference Attendence                                                                    1,476.90
  6410 Office Expense                                                                            641.73
  6411 Memberships / Sponsorships                                                               2,500.00
  6414 Marketing                                                                                7,532.00
 Total 6400 Operating Expense                                                                  72,819.36
 6440 Legal Fees
  6450 Barclay Damon
  6460 IDA General Legal                                                                       14,345.34
  6480 Roth Legal                                                                                600.00
  Total 6450 Barclay Damon                                                                     14,945.34
 Total 6440 Legal Fees                                                                         14,945.34
Page 9 of 111
                                 Accrual Basis Wednesday, April 2, 2025 01:00 PM GMT-04:00           1/2
                       Onondaga County Industrial Development Agency
                                                     Profit and Loss
                                                        March 2025
                                                                                                TOTAL
 6500 Agency Program Expenses
  6510 White Pine Commerce Park
  6510.7 WPCP Marketing                                                                       14,921.84
  Total 6510 White Pine Commerce Park                                                         14,921.84
 Total 6500 Agency Program Expenses                                                           14,921.84
 6514 White Pine Science & Technology Park
  6514.1 Legal                                                                                 2,588.75
 Total 6514 White Pine Science & Technology Park                                               2,588.75
 6600 Non-Operating Expenses
  6605 Pilot & Pass Thru Expenses
  6606 OHB Redev LLC Funds Pass Thru                                                          34,570.00
  Total 6605 Pilot & Pass Thru Expenses                                                       34,570.00
 Total 6600 Non-Operating Expenses                                                            34,570.00
 6610 WPCP Pass Thru Expenses
  6610.1 Barclay Damon                                                                       177,777.78
  6610.2 JMT                                                                                 128,787.88
 Total 6610 WPCP Pass Thru Expenses                                                          306,565.66
Total Expenses                                                                              $446,410.95
NET OPERATING INCOME                                                                         $84,912.20
NET INCOME                                                                                   $84,912.20
Page 10 of 111
                                Accrual Basis Wednesday, April 2, 2025 01:00 PM GMT-04:00           2/2
                           Onondaga County Industrial Development Agency
                                                       Balance Sheet
                                                      As of March 31, 2025
                                                                                                     TOTAL
ASSETS
 Current Assets
 Bank Accounts
  200 Cash                                                                                              0.00
   200.1 Cash - M & T Checking                                                                   101,515.05
   200.5 NBT Checking                                                                           1,615,549.31
  Total 200 Cash                                                                                1,717,064.36
  200.6 NBT Savings                                                                             8,278,723.18
 Total Bank Accounts                                                                           $9,995,787.54
 Accounts Receivable
  380 Accounts Rec.
   380.6 A/R Fees, Lease & PILOT                                                                 865,570.22
  Total 380 Accounts Rec.                                                                        865,570.22
 Total Accounts Receivable                                                                      $865,570.22
 Other Current Assets
  480 Prepaid Expenses
   480.4 Credit Balance on Card                                                                    -1,473.67
  Total 480 Prepaid Expenses                                                                       -1,473.67
 Total Other Current Assets                                                                      $ -1,473.67
 Total Current Assets                                                                         $10,859,884.09
 Fixed Assets
 100 Land
  101 White Pines Commerce Park                                                                        -0.27
  107 800 Hiawatha                                                                               604,840.42
  108 White Pine Science & Technology Park                                                      2,140,557.00
 Total 100 Land                                                                                 2,745,397.15
 104 Machinery & Equipment
  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                                                                          -6,018.00
 250 Investment in Real Property                                                               30,756,703.00
 Total Fixed Assets                                                                           $33,502,100.15
 Other Assets
 240 Blue Sky Redevelopment                                                                         1,641.76
 Total Other Assets                                                                                $1,641.76
TOTAL ASSETS                                                                                  $44,363,626.00
LIABILITIES AND EQUITY p. 11
LIABILITIES AND EQUITY
                                                        Page 11 of 111
                                  Accrual Basis Wednesday, April 2, 2025 02:59 PM GMT-04:00              1/3
                          Onondaga County Industrial Development Agency
                                                        Balance Sheet
                                                       As of March 31, 2025
TOTAL
Liabilities
Current Liabilities
 Accounts Payable
  300 WPCP Pass Thru Payable                                                                      919,696.18
 Total Accounts Payable                                                                          $919,696.18
 Other Current Liabilities
  600 Accounts Payable                                                                                   0.00
   600.1 Due to Related Party - OED                                                               157,105.16
   600.204 OHB Redev LLC Funds                                                                    533,316.26
   600.209 Syracuse Rail Overpayment                                                                  500.00
   600.3 Onondaga County Loan                                                                   28,079,656.77
    600.31 Accrued Interest - OC Note Payable                                                    3,095,059.00
   Total 600.3 Onondaga County Loan                                                             31,174,715.77
  Total 600 Accounts Payable                                                                    31,865,637.19
  601 PILOT and Pass Thru Payable
   603 PILOT Pass Thru                                                                                   0.10
  Total 601 PILOT and Pass Thru Payable                                                                  0.10
  631 Due to Other Governments
   631.1 Towns
    631.105 Camillus                                                                                 6,105.03
    631.125 Elbridge                                                                                 2,487.42
    631.13 Geddes                                                                                      82.75
    631.155 Skaneateles                                                                                  0.10
   Total 631.1 Towns                                                                                 8,675.30
   631.2 Villages
    631.21 Camillus                                                                                  1,055.79
    631.235 Liverpool                                                                                4,976.00
    631.26 Solvay                                                                                     661.44
   Total 631.2 Villages                                                                              6,693.23
   631.3 Schools
    631.33 Jordan-Elbridge                                                                          21,057.64
    631.34 Marcellus                                                                                  315.18
    631.355 Solvay                                                                                   4,222.58
    631.36 West Genesee                                                                             14,828.63
   Total 631.3 Schools                                                                              40,424.03
   631.4 Onondaga County                                                                             8,564.95
  Total 631 Due to Other Governments                                                                64,357.51
 Total Other Current Liabilities                                                               $31,929,994.80
Total Current Liabilities                                                                      $32,849,690.98
Total Liabilities                                                                              $32,849,690.98
Page 12 of 111
                                   Accrual Basis Wednesday, April 2, 2025 02:59 PM GMT-04:00              2/3
                      Onondaga County Industrial Development Agency
                                                    Balance Sheet
                                                   As of March 31, 2025
                                                                                                  TOTAL
 Equity
 3900 Equity Unreserved                                                                      8,432,294.51
 3901 Equity-Investment Fixed Assets                                                         2,345,838.63
 463 Reserve For Contracts                                                                    368,811.84
 465 Equity - Unreserved                                                                         4,017.16
 Net Income                                                                                   362,972.88
 Total Equity                                                                              $11,513,935.02
TOTAL LIABILITIES AND EQUITY                                                               $44,363,626.00
                                                     Page 13 of 111
                               Accrual Basis Wednesday, April 2, 2025 02:59 PM GMT-04:00              3/3
ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY p. 14
ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY
  PAYMENT OF BILLS - SCHEDULE #504
  April 10, 2025
GENERAL EXPENSES p. 14
GENERAL EXPENSES
1. ONONDAGA COUNTY PLANNING FEDERATION*                      $      200.00
  2025 Planning Federation Symposium
2. BROWN & BROWN INSURANCE SERVICES, LLC**                   $     6,523.00
  D&O Insurance Renewal
3. SEMI***                                                   $     1,000.00
  2025 Affliliate Membership, Inv #10-035654
4. BARCLAY DAMON LLP                                         $   177,777.78
  February 2025 Legal Costs
5. JMT OF NEW YORK, LLP                                      $   128,787.88
  February 2025 Engineering Costs
6. BARCLAY DAMON LLP                                         $      825.00
  Retained Corporate & Public Finance Matters, Inv#5330744
7. BARCLAY DAMON LLP                                         $      240.00
  Roth Steel Inv#5330768
8. BARCLAY DAMON LLP                                         $      987.50
  OHB Redev, Inv#5330769
9. BARCLAY DAMON LLP                                         $     3,851.75
  WPSTP Inv#5330770
10. LOVELL AND ASSOCIATES                                    $     3,000.00
  March 2025 Consulting
11. ONONDAGA CIVIC DEVELOPMENT CORPORATION                   $      992.62
  Toshiba Copier Reimbursement, Inv #1176
                                         Page 14 of 111
12. NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL                           $     3,500.00
     2025 NYSEDC Annual Meeting - Gold Sponsor
13. NYS DEPARTMENT OF ENVIRONMENTAL CONSERVATION                          $      110.00
     SPDES #NYR11L925 Renewal
                                                                 Total:   $   327,795.53
*Ratification of check dated March 13, 2025
**Ratification of check dated March 18, 2025
***Ratification of check dated March 20, 2025
                                                Page 15 of 111
ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY p. 16
ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY
   PAYMENT OF BILLS - SCHEDULE #504
   April 10, 2025
                                 PILOT Payments
1. ONONDAGA COUNTY                                                        $    8,564.96
   2025 PILOT Payments
2. ONONDAGA COUNTY                                                        $    9,520.40
   COR Inner Harbor - Master & Sub Proj #1 - 1ST Qtr 2025 PILOT Payment
3. CITY OF SYRACUSE                                                       $    9,997.83
   COR Inner Harbor - Master & Sub Proj #1 - 1ST Qtr 2025 PILOT Payment
4. TOWN OF CAMILLUS                                                       $    6,105.03
   2025 PILOT Payments
5. TOWN OF ELBRIDGE                                                       $    2,487.42
   2025 PILOT Payments
6. TOWN OF GEDDES                                                         $      82.75
   2025 PILOT Payments
7. VILLAGE OF CAMILLUS                                                    $    1,055.79
   2025 PILOT Payments
8. VILLAGE OF SOLVAY                                                      $     661.44
   2025 PILOT Payments
9. SYRACUSE CITY SCHOOL DISTRICT                                          $   10,697.91
   COR Inner Harbor - Master & Sub Proj #1 - 1ST Qtr 2025 PILOT Payment
10. JORDAN ELBRIDGE CENTRAL SCHOOLS                                       $   21,057.64
   2025 PILOT Payments
11. SOLVAY UNION FREE SCHOOL DISTRICT                                     $    4,222.58
   2025 PILOT Payments
12. WEST GENESEE CENTRAL SCHOOLS                                          $   14,828.63
   2025 PILOT Payments
13. MARCELLUS CENTRAL SCHOOLS                                             $     315.18
   2025 PILOT Payments
                                                    TOTAL                 $   89,597.56
                                                 Page 16 of 111
                                                                                                                                              12/2/2024
Project:                                                 Upstate Pathology Lab Ownership, LLC                   Project Number:               3101-24-07A
Location:                                                DeWitt                                                 School District:      East Syracuse Minoa
                                                                                                                Project Type:         New Construction
Tax Parcel(s):                                           029.-02-27.3                                           Village:    0
Total Project Cost:                                       $                       86,520,000                    8. Total Jobs           223
Land Acquisition                                          $                        5,000,000                    8A. Job Retention       178
Site Work/Demo                                            $                        5,000,000                    8B: Job Creation         45
Building Construction & Renovation                        $                       60,000,000                         (Next 5 Years)
Furniture & Fixtures                                      $                        2,500,000
Equipment                                                 $                        3,000,000
Project Soft Cost                                         $                       11,020,000
Community Investment /Abatement                                                                                                               Project Description
                                                 Fiscal Impact ($)
Abatement Summary                                         $6,322,791
  Sales Tax Abatement                                     $3,200,000
  Mortgage Tax Abatement                                  $547,500
  Property Tax Relief (PILOT)                             $2,575,291
Community Investment                                     $148,989,595
                                                                                                                  The applicant is proposing construction of an approximately 109,000 square foot,
  PILOT Payments ( - )                                   $2,555,096                                                                       three story pathology lab building.
  Project Salaries and Benefits Estimated (10 yrs)       $49,757,499
  Construction Benefit Estimate                          $10,157,000
  Total Project Cost                                     $86,520,000
Investment:Abatement Ratio                               23.56                                  :1
© 2024 Onondaga County Industrial Development Agency. All rights reserved.
                                                                                               Page 17 of 111
                               Upstate Pathology Lab Ownership, LLC
                                                      A) PILOTS Estimate Table Worksheet
                                                                 for 10 years
OCIDA estimate of current market value                                                                                                  $         1,000,000
Projected investment                                                                                                                    $        60,000,000
OCIDA estimate of increase in value                                                                                                     $        15,832,250
OCIDA estimated value after project is completed                                                                                        $        16,832,250
Taxes that would have been collected if the project did not occur                                                                       $           304,795
Scheduled PILOT payments                                                                                                                $         2,555,096
Full Tax
                                   County PILOT                           School
  PILOT YEAR      Exemption %                              Town                            Village       Total PILOT     Payment w/o        Net Exemption
                                     Amount                               District
                                                                                                                            PILOT
         1             100%        $         3,714   $        4,660   $      19,462    $             -   $      27,836   $    468,540   $           440,705
         2              90%        $         9,785   $       12,280   $      51,280    $             -   $      73,344   $    477,911   $           404,567
         3              80%        $        16,097   $       20,202   $      84,363    $             -   $     120,662   $    487,470   $           366,807
         4              70%        $        22,658   $       28,436   $     118,749    $             -   $     169,843   $    497,219   $           327,375
         5              60%        $        29,476   $       36,991   $     154,477    $             -   $     220,944   $    507,163   $           286,220
         6              50%        $        36,556   $       45,877   $     191,586    $             -   $     274,020   $    517,307   $           243,287
         7              40%        $        43,908   $       55,104   $     230,118    $             -   $     329,131   $    527,653   $           198,522
         8              30%        $        51,540   $       64,682   $     270,114    $             -   $     386,336   $    538,206   $           151,869
         9              20%        $        59,460   $       74,620   $     311,619    $             -   $     445,699   $    548,970   $           103,271
        10              10%        $        67,675   $       84,931   $     354,675    $             -   $     507,281   $    559,949   $            52,668
TOTAL                              $       340,869   $      427,783   $   1,786,444    $             -   $   2,555,096   $ 5,130,387    $         2,575,291
Year
                         0                1                     2            3                4                5
Jobs
Current/Actuals        178
Creation Goals          45               25                 10              10
Total
Employment
Goals                  223               203                213             223             223               223
© 2024 Onondaga County Industrial Development Agency. All rights reserved.
                                                                                     Page 18 of 111
                                     BARCLAY DAMON"'
Kevin R. McAuliffe
Partner
                                                               November 14, 2024
Onondaga County Industrial Development Agency
Attention: Nate Stevens
335 Montgomery Street, Floor 2M
Syracuse, New York 13202
        Re:        Upstate Pathology Lab Ownership, LLC
Dear Nate:
    Enclosed herewith please find:
        1. Application of Upstate Pathology Lab Ownership, LLC
        2. Three-page supplement to the application
        3. Copy of the survey
        4. Minutes from the Town of Dewitt Planning Board meeting of August 22, 2024 at
           which the Planning Board declared itself to be Lead Agency for SEQRA purposes.
        5. Renderings of the proposed structure
        6. Checks payable to the Agency in the amount of $1,000 and to Harris Beach in the
           amount of $2,500.
Note that this is not a proposal to construct a medical office building at which patients will be
seen or receive treatment. As is set forth in more detail in the supplement to the application, the
building will be occupied only by employees of the Upstate Pathology Department to perform
their services on samples that are gathered from patients at other facilities and sent to this facility
for review and analysis.
   The Town of Dewitt Planning Board is close to completing its review of the proposed
construction and finalizing the SEQRA process.
   Please let us know what additional information you may need.
                                                              Very truly yours,
                                                                evin R. McAuliffe
             Barclay Damon Tower - 125 East Jefferson Street - Syracuse, New York 13202 barclaydamon.com
                       KMcAuliffe@barclaydamon.com Direct: (315) 425-2875 Fax: (315) 425-8593
                                           Also Admitted
                                                    Page in:
                                                          19 North
                                                              of 111Carolina
ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY
                            APPLICATION FOR FINANCIAL ASSISTANCE
  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 http://www.dec. nv.gov/permits/6191.html.
 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 nancvlowerv@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
                                                Page 20 of 111
                                    Return completed application to:
                                 Onondaga County Industrial Development Agency
                                               Attn: Nancy Lowery
                             335 Montgomery Street, Floor 2M Syracuse, NY 13202
                                  Phone: 315-435-3770 I Fax: 315-435-3669
                                          nancylowery@ongov.net
                                        Section I: Applicant Information
  Submittal Date:       November 14, 2024
 A) Applicant/Project Operator information (company receiving benefits):
1. Applicant/Project Operator: Upstate Pathology Lab Ownership, LLC
            Applicant/Project Operator Address: 5112 West Taft Road, Suite M, Liverpool, NY 13088
            Phone: 315 452-2003                                  Fax: 315 452-2550
            Website: n/a                                         Email: jmurphy@hallmarkre.com
            Federal ID#: 93-3422573                              NAICS: 531120
            State of Incorporation: Florida Registered in New York State
            See link for your NYS incorporation information. https://apps.dos.ny.gov/publicInquiry
        2. Owner (if different from Applicant/Project Operator):
            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                     Q Limited Liability Company
    ❑ Other, explain
    List all stockholders, members, or partners with % of ownership greater than 5%:
                   Name                                                        % of ownership
   Upstate Pathology Lab Development, LLC                     100%
   whose members are;
   A John Merola, M.D.-67%
   John D. Murphy, Jr.-33%
Onondaga County Industrial Development Agency                                                        Page 2
                                                    Page 21 of 111
C) Applicant Business Description:
   Estimated % of sales within Onondaga County: 100%
   Estimated % of sales outside Onondaga County but within New York State:
   Estimated % of sales outside New York State but within the U.S.:
   Estimated % of sales outside the U.S.: (*Percentage to equal 100%)
   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? El
                                                                  No 0 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)?    0
                                                               No 0 Yes, explain
   3. Has any erson listed in Section I ever been in receivership or declared bankruptcy?
      0 No U 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?
    0No      0 Yes, explain (Provide year, project name, benefit description, amounts, address)
 E) Individual Completing Application:
Name: John D. Murphy Jr.                          Title: Manager
    Address: 5112 West Taft Rd. Liverpool, NY 13088   Phone:    315 452-2003
    Cell Phone: 315 447-5266                          E-mail:lmurphy@hallmarkre.com
 F) Company Contact (if different from individual completing application):
    Name:                                             Title:
    Address:                                          Phone:
    Cell Phone:                                       Email:
Onondaga County Industrial Development Agency                                                     Page 3
                                               Page 22 of 111
 G) Company Counsel:
    Name of Attorney:        Kevin R. McAuliff, Esq.
    Firm Name:      Barclay Damon LLP
    Address: 125 E Jefferson Street, Syracuse, New York 13202
    Phone:    315 425-2875
    Cell Phone:   315 382-8703
    Email:   Kmcauliffe@barclaydamon.com
Onondaga County Industrial Development Agency                      Page 4
                                                  Page 23 of 111
                                Section II: Project and Site Information
   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: 6624 Fly Road, East Syracuse, NY 13057
      Legal Address (if different):
      City:                                   Town: Dewitt                Village:
      Zip Code: 13057                                  School District: East Syracuse Minoa
      Tax Map Parcel ID(s): 029.-02-27.3
      Full Market Value: 2024     1,000,000   Square Footage of Existing Building(s): 0
    B) Project Activity (Check all that apply):
        E New construction                             O Acquisition of existing facility
        ❑ Expansion to current facilities              O Brownfield/Remediated Brownfield
        El Renovation of existing facility             O Demolition and construction
                                                       O Purchase of machinery/equipment
    C) Select Project Type or Project End Use at site (you may check more than one):
       O Manufacturing                                 O Mixed Use
       O Retail (see Section V)                        O Facility of Aging
       O Housing Project (see Section VII)             O Distribution/Wholesale
       O Civic Facility (not for profit)               O Commercial
       O Industrial                                    O Renewable Energy Project (see Section VI)
       E Other, explain
    D) Project Narrative: Please check one of the two boxes below and attach statement.
E A statement that the Project described in this application would not be undertaken but for
          the financial assistance provided by the Agency.
       O 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
                                                  Page 24 of 111
     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;
        E (ii) the size of the Project in square feet and a breakdown of square footage per each
            intended use;
        E (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;
E (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?
       I] No I] 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?           E Yes, what is the status? Pending
       Has the project received site plan approval from the town or local planning board?
       E No, anticipated approval date. 12/2024 Dyes, 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.)
1. Environmental Review Information
           a. Please attach the appropriate Environmental Impact Forms to your application. Here is a link
              to the SEQR forms: http://www.dec.ny.gov/permits/6191.html
           b. Has Lead Agency been established? El No        E Yes, name of Lead Agency
               Town of Dewitt
           c. Have any environmental issues been identified on the property?
                   No ❑ Yes, explain
Onondaga County Industrial Development Agency                                                          Page 6
                                                 Page 25 of 111
               Section III: FINANCIAL AND EMPLOYMENT
                            INFORMATION
    A) Project Costs and Finances
    Description of Costs                                Total Budget Amount
    Land Acquisition                                  5,000,000.00
    Site Work/Demo                                    5,000,000.00
    Building Construction & Renovation                60,000,000.00
    Furniture & Fixtures                              2,500,000
    Equipment                                         3,000,000
    Project Soft Cost                                 11,020,000
    Management/Developer
    Total  Project Cost     Fees project              86,520,000
cost Management/Developer 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.
        Sources of Funds for Project Costs:
         1. Bank Financing                                                    $__________________
                                                                               73,000,000
          2. Equity                                                           $__________________
                                                                                13,520,000
          3. Tax Exempt Bond Issuance (if applicable)                         $__________________
          4. Taxable Bond Issuance (if applicable)                            $__________________
          5. Total Sources of Funds for Project Costs                         $__________________
                                                                               86,520,000
          6. Public Sources (Include sum total of all state and federal
             grants and tax credits)                                          $__________________
             -Identify each state and federal grant/credit:
__________________________________                               $__________________
             __________________________________                               $__________________
             __________________________________                               $__________________
Onondaga County Industrial Development Agency
                                          Page 26 of 111                                   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.
          1. Are there people currently employed at the project site?
             ☐ No ☐ Yes, provide number of FTE jobs at the project site ___________
             If you are relocating, are all employees moving to new site? ☐ No, explain ☐ Yes
          2. Complete the following:
Estimate the number of FTE jobs to be
         retained as a result of this Project:              178
         Estimate the number of construction jobs to
         be created by this Project:                        200
         Estimate the average length of construction
         jobs to be created (months):                       12-14 months
         Current annual payroll including the
         benefit cost:                                      23,000,000.00
         Average salary amount that is an
         employee benefit (%):                              43%
         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:
                                                            100%
    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 27 of 111                                              Page 8
Please use this chart to illustrate the current employment:
               Job Title/Category                       Current Annual Pay                Current Employment (FTE)
Pathologist                                $303,881.00                             18
Technologist                               $87,717.00                              91
Laboratory Support                         461,020.00                              69
                                           TOTAL                                   178*
   * The above breakout is the applicant's estimate based upon Upstate's current employment census reduced to reflect those
   jobs not moving to the new facility.
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
Pathologist                  $312,997.00                  3                   1                       1
Technologist                 $90,349.00                   12                  5                       5
Laboratory Support           $62,850.00                   10                  4                       4
TOTAL                                                      25                 10                      10
        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): _____________________
                                                                            $547,500.00
                     ☐ Sales and Use Tax Exemption (4% Local, 4% State): _________________________
                                                                         $3,200,000.00
                     ☐ Tax Exempt Bond Financing (Amount Requested): ___________________________
                     ☐ Taxable Bond Financing (Amount Requested):
Onondaga County Industrial Development Agency
                                          Page 28 of 111                                                          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):                                                         $ 73,000,000.00
Estimated Mortgage Recording Tax Exemption Benefit (product of
       mortgage amount as indicated above, multiplied by .0075):                  $ 547,500 00
    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:                           $ 40,000,000.00
       Estimated State and local Sales and Use Tax Benefit (product of 8% multiplied by the figure,
       above):                                                                  $ 3,200,000.00
Onondaga County Industrial Development Agency                                                Page 10
                                           Page 29 of 111
                Section IV: Estimate of Real Property Tax Abatement Benefits
  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                                                        PILOT
           %         mount         Amount       Amount                   w/o PILOT
     1        100
     2         90
     3         80
     4         70
     5         60
     6         50
     7         40
     8        30
     9        20
    10        10
  TOTAL
  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
                                             Page 30 of 111
SECTION: V For Retail Projects Only p. 31
SECTION: V For Retail Projects Only
          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
             unemploLment rate for the year to which the date relates.
                       U 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, Citz, County or Village of where the Project will be located.
                      U Yes ❑ No
             If yes, please provide data and explain.
Onondaga County Industrial Development Agency                                                    Page 12
                                            Page 31 of 111
SECTION VI: For Solar Projects Only p. 32
SECTION VI: For Solar Projects Only
   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 affected if these benefits were not provided. [see Section II (C)]
   2. Is the Applicant leasing the property?
           ❑ 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
   6. Is the entire parcel being used for the solar project?
           ❑ 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
                                             Page 32 of 111
                    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.
Onondaga County Industrial Development Agency                                                Page 14
                                         Page 33 of 111
SECTION VII: For Housing Projects Only p. 34
SECTION VII: For Housing Projects Only
    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
                                             Page 34 of 111
                               Section VIII: Local Access Policy Agreement
In absence of a waiver permitting otherwise, every project seeking the assistance of the Onondaga
  County Industrial Development Agency (Agency) must use local general contractors, sub-
  contractors, and labor for one-hundred percent (100%) of the construction of new, expanded, or
  renovated facilities. The project's construction or project manager need not be a local company.
 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 Upstate Pathology Lab Ownership, LLC (the
 Company understands the Local Access Policy and agrees to abide by it. The Company understands
 that an Agency tax-exempt certificate is typically valid for 12 months from the effective date of the
 project inducement and extended thereafter upon request by the Company. The Company further
 understands that any request for a waiver to this policy must be submitted in writing and approved
 by the Agency.
 I agree to the conditions of this agreement and certify all infprirotion provided regarding the
 construction and employment activities for the project as of /Op 7/ V/    (date).
  If there are two applicants (Real Estate Holding and Operating Corn pany) both need to
  complete this page.
 Applicant(s) Company: Upstate Pathology Lab Ownership, LLC
 Representative for Contract: John D. Murphy Jr.
 Address: 5112 West Taft Rd. Suite M             City: Liverpool         State: NY             Zip: 13088
 Phone:  315 452-2003                            Email:  Jmurphy@hallmarkre.com
 Project Address: 662 ly Road                    City: East Syracuse     State: NY             Zip: 13057
 Signature:
 General Contractor: LeChase Construction Services, LLC
 Contact Person: Kevin Hoffman
 AddreSS: 609 Erie Boulevard W                  Cit y: Syracuse         State: NY        Zip: 13204
Phone: 315 423-0015                            Email: khoffman@lechase.com
 Authorized Representative:    Kevin Hoffman                          Title: Vice President
 Signature:
Onondaga County Industrial Development Agency                                                               Page 16
                                                  Page 35 of 111
                              Section 'lit: local Aeees,                  Agreement
  In absence of a waiver permitting otherwise, every project seeking the assistance of the Onondaga
  County Industrial Development Agency (Agency) must use local general contractors, sub-
  contractors, and labor for one-hundred percent (100%) of the construction of new, expanded, or
  renovated facilities. The project's construction or project manager need not be a local company.
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 Upsiam Paihotgy lab Ownershm. (the
 Company understands the Local Access Policy and agrees to abide by it. The Company understands
 that an Agency tax-exempt certificate is typically valid for 12 months from the effective date of the
 project inducement and extended thereafter upon request by the Company. The Company further
 understands that any request for a waiver to this policy must be submitted in writing and approved
 by the Agency.
I agree to the conditions of this agreement and certify all information provided regarding the
 construction and employment activities for the project as of   3/2       (date).
  If there are two applicants (Real Estate Holding and Operating Company) both need to
  complete this page.
 Applicant(s) Company: Upstate Pathology Lab Ownership, LLC
 Representative for Contract: John D. Murphy Jr.
 Address: 5112 West Taft Rd. Suite M             City: Liverpool          State: NY        Zip: 13088
 Phone: 315 452-2003                                     Jmurphy@hallmarkre.com
 Project Address: 6624 Fly Road                  City: East Syracuse     State: NY        Zip: 13057
 Signature:
 General Contractor: LeChase Construction Services, LLC
 Contact Person: Kevin Hoffman
 Address: 609 Erie Boulevard W                 City: Syracuse            State: NY        Zip: 13204
 Phone: 315 423-0015                            Email : khoffman@lechase.com
 Authorized R       entative: Kev oilman                               Title: Vice President
 Signature:
                                          Page 36 of 111
Onondaga County Industrial Development Agency                                                           Page 16
                                    Section IX: Agency Fee Schedule
*   Minimum Fee to be applied to all project receiving OCIDA benefits is 1% of the Total Project Cost (TPC
                ACTIVITY                                          FEES                         COMMENTS
Non- refundable Application Fee (All projects                     $1,000
except Solar Projects)                                                                        Due at time of
                                                                                                application
Non-refundable Application Fee (Solar                            $10,000
Projects Only)
Legal Deposit (All projects except Solar                          $2,500                      Due at time of
Projects)                                                                                       application
Legal Deposit (Solar Projects Only)                               $5,000
Minimum Fee of 1% of TPC
  1. Sales and Use Tax Exemption                                .01 X TPC                     Due at closing
  2. Mortgage Recording Tax
  3. PILOT is an additional fee                       .0025 X TPC (total X .0125)
  4. Bond refinancing                                 .0025 X TPC (total X .015)
Projects that exceed $250,000,000 in Total
Project Cost and/or create in excess of 500 new
jobs, may be eligible to negotiate a non-       TBD based on Executive Director
                                                                                              Due at closing
standard Agency fee with the Executive                    determination
Director.
Agency Legal Fees
                                                                                             Due at closing
Fee for first $20 million                            .0025 X of the project cost or bond
                                                      amount
Fee for expenses above $20 million                   .00125 X of project cost or bond
                                                     amount
Amendment or Modification of IDA
documents, including but not limited to name        Up to but not to exceed 5% of
or organization change, refinancing, etc.           Agency Fee as noted on the Cost
                                                                                             Due at time of
Consent to the amendment or modification of         Benefit Analysis at time of project
                                                                                               Request
IDA documents prior to closing on the project       approval. Attorney fees determined
shall be given at OCIDA's sole and absolute         by OCIDA Legal Representative.
discretion.
OCIDA reserves the right to modify this schedule at any time and assess fees and charges in connection
with other transactions such as grants of easement or lease or sale of OCIDA-owned property.
Onondaga County Industrial Development Agency                                                          Page 17
                                              Page 37 of 111
                       Section X: Recapture of Tax Abatement/Exemptions
 Information to be Provided the Company: Each Company agrees that to receive benefits from the
 Agency it must, whenever requested by the Agency or required under applicable statutes or project
 documents, provide and certify or cause to be provided and certified such information concerning the
 Company, its finances, its employees and other topics which shall, from time to time, be necessary or
 appropriate, including but not limited to, such information as to enable the Agency to make any reports
 required by law or governmental regulation.
 Please refer to the OCIDA Uniform Tax Exemption Policy (UTEP).
  I have read the foregoing and agree to comply with all the terms and conditions contained
  therein as well as policies of the Onondaga County Industrial Agency.
  If there are two applicants (Real Estate Holding and Operating Company) both need to
  complete this page.
Name of Applicant(s) Company                                Upstate Pathology Lab Ownership. LLC
Signature of Officer or Authorized Representative:
Name & Title of Off cer or Authorized Representative: John D. Murphy Jr. Manager
Date:
Onondaga County Industrial Development Agency                                                      Page 18
                                           Page 38 of 111
                                    Section XI: Conflict of Interest
    Agency Board Members
        1.   Patrick Hogan, Chairperson
        2.   Janice Herzog, Vice Chairperson
        3.   Sue Stanczyk, Director
        4.   Kevin Ryan, Director
        5.   Fanny Villarreal, Director
        6.   Cydney Johnson, Director
        7.   Elizabeth Dreyfuss, Director
   Agency Officers/Staff
        I.   Robert M. Petrovich, Executive Director
        2.   Nathaniel Stevens, Treasurer
        3.   Nancy Lowery, Secretary
        4.   Karen Doster. Recording Secretary
        5.   Alexis Rodriguez, Assistant Treasurer
        6.   Svetlana Dyer. Assistant Secretary
   Agency Legal Counsel & Auditor
        1. Jeffrey Davis. Esq., Barclay Damon LLP
        2. Amanda Fitzgerald, Esq., Barclay Damon LLP
        3. Michael G. Lisson, CPA, Grossman St. Amour Certified Public Accountants PLLC
 The Applicant(s) has received a list of members, officers and staff of the Agency. To the best of my
 knowledge, no member, officer or employee of the Agency has an interest, whether direct or indirect,
 in any transaction contemplated by this Application, except as hereinafter described:
If there are two applicants (Real Estate Holding and Operating Company) both need to complete this
page.
Name of Applicant(s) Company                                 Upstate P    logy Lab Ownership, LLC
Signature of Officer or Authorized Representative:
Name & Title of Officer or Authorized Representative:        John D. Murphy Jr. Manager
Date:        /0/17/tY
Onondaga County Industrial Development Agency                                                       Page 19
                                            Page 39 of 111
              Section XII: Representations, Certifications, and Indemnification
If there are two applicants (Real Estate Holding and Operating Company) both need to complete this
page.
     John D Murphy Jr                        (Name of CEO or other authorized representative of
    Applicant)(s) confirms and says         that he/she is the Managing Member            (title) of
    Upstate Pathology Lab Ownership, ac (name of corporation or other entity) named in the attached
    Application (the "Applicant"), that he/she has read the foregoing Application and knows the
    contents thereof, and hereby represents, understands, and otherwise agrees with the Agency and
    as follows:
A. First Consideration for Employment: In accordance with §858-b (2) of the New York
          General Municipal Law, the Applicant understands and agrees that if the Project receives
          any Financial Assistance from the Agency, except as otherwise provided by collective
          bargaining agreements, where practicable, the Applicant will first consider persons
          eligible to participate in WIA programs who shall be referred by the CNY Works for new
          employment opportunities created as a result of the Project.
       B. Annual Sales Tax Filings: In accordance with §874(8) of the New York General
          Municipal Law, the Applicant understands and agrees that if the Project receives any sales
          tax exemptions as part of the Financial Assistance from the Agency, the Applicant agrees
          to file, or cause to be filed, with the New York State Department of Taxation and Finance,
          the annual form prescribed by the Department of Taxation and Finance, describing the
          value of all sales tax exemptions claimed by the Applicant and all consultants or
          subcontractors retained by the Applicant. For additional information on NYS sales and
          use tax see here.
C. Outstanding Bonds: The Applicant understands and agrees to provide on an annual basis
          any information regarding bonds, if any, issued by the Agency for the project that is
          requested by the Comptroller of the State of New York.
       D. Employment Reports: The Applicant understands and agrees that, if the Project receives
          any financial assistance from the Agency, the Applicant agrees to file with the Agency, at
          least annually or as otherwise required by the Agency, reports regarding the number of
          people employed at the project site, salary levels, contractor utilization and such other
          information (collectively, "Employment Reports") that may be required from time to time
          on such appropriate forms as designated by the Agency. Failure to provide Employment
          Reports within 30 days of an Agency request shall be an event of default under the Project
          closing documents. Please see this page for ST-340 form required in the above referenced
          employment report.
Onondaga County Industrial Development Agency                                                Page 20
                                           Page 40 of 111
E. Prevailing Wage: The Applicant understands and agrees that, if the Project receives any
           financial assistance from the Agency, the Applicant shall determine whether the Project
           is a "covered project" pursuant to Section 224-a of Article 8 of the New York Labor Law
           and, if applicable, the Applicant shall comply with Section 224-a of Article 8 of the New
           York Labor Law; and the Applicant further covenants that the Applicant shall provide
           such evidence of the foregoing as requested by the Agency.
       F. Compliance: The Applicant understands and agrees that it is in substantial compliance
          with applicable local, state, and federal tax, worker protection, and environmental laws,
          rules, and regulations. The Applicant confirms and acknowledges that the owner,
          occupant or operator receiving financial assistance for the proposed Project is in
          substantial compliance with applicable local, state, and federal tax, worker protection and
          environmental laws, rules and regulations.
       G. The Applicant understands and agrees that the provisions of Section 862(1) of the New
          York General Municipal Law, as provided below, will not be violated if financial
          assistance is provided for the proposed Project:
§ 862. Restrictions on funds of the Agency. (1) No funds of the Agency shall be used in
            respect of any project if the completion thereof would result in the removal of an industrial
            or manufacturing plant of the project occupant 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 project occupant
            located within the state, provided, however, that neither restriction shall apply if the
            agency shall determine on the basis of the application before it that the project is
            reasonably necessary to discourage the project occupant from removing such other plant
            or facility to a location outside the state or is reasonably necessary to preserve the
            competitive position of the project occupant in its respective industry.
       H. The Applicant understands and agrees that it is in substantial compliance with applicable
          local, state and federal tax, worker protection, and environmental laws, rules and
          regulations. The Applicant confirms and acknowledges that the owner, occupant or
          operator receiving financial assistance for the proposed Project is in substantial
          compliance with applicable local, state, and federal tax, worker protection and
          environmental laws, rules and regulations.
I.   The Applicant confirms and acknowledges that the submission of any knowingly false
            or knowingly misleading information may lead to the immediate termination of any
            financial assistance and the reimbursement of an amount equal to all or part of any tax
            exemption claimed by reason of the Agency's involvement in the Project.
      J. The Applicant confirms and hereby acknowledges that as of the date of this Application,
         the Applicant is in substantial compliance with all provisions of Article 18-A of the New
         York General Municipal Law, including, but not limited to, the provision of Section 859-
         a and Section 862(1) of the New York General Municipal Law.
Onondaga County Industrial Development Agency                                                      Page 21
                                             Page 41 of 111
          The Applicant and the individual executing this Application on behalf of Applicant
          acknowledge that the Agency and its counsel will rely on the representations and
          covenants made in this Application when acting hereon and hereby represents that the
          statements made herein do not contain any untrue statement of a material fact and do not
          omit to state a material fact necessary to make the statement contained herein not
          misleading.
K. The Agency has the right to request and inspect supporting documentation regarding
          attestations made on this application.
      L. Hold Harmless Agreement: Applicant hereby releases Onondaga County Industrial
         Development Agency and the members, officers, servants, agents and employees thereof
         (the "Agency") from, agrees that the Agency shall not be liable for, and agrees to
         indemnify, defend and hold the Agency harmless from and against any and all liability
         arising from or expense incurred by: (A) the Agency's examination and processing of, and
         action pursuant to or upon, the attached Application, regardless of whether or not the
         Application or the Project described therein or the tax-exemptions and other assistance
         requested therein are favorably acted upon by the Agency; (B) the Agency's acquisition,
         construction, reconstruction, equipping and/or installation of the Project described therein
         and (C) any further action taken by the Agency with respect to the Project, including
         without limiting the generality of the foregoing, all cause of action and attorney's fees and
         any other expenses incurred in defending any suits or action which may arise as a result of
         any of the foregoing. If, for any reason, the Applicant fails to conclude or consummate
         necessary negotiations, or fails, within a reasonable or specified period of time, to take
         reasonable, proper or requested action, or withdraws, abandons, cancels or neglects the
         Application, or if the Agency or the Applicant are unable to reach final agreement with
         respect to the Project, then, and in the event, upon presentation of an invoice itemizing the
         same, the Applicant shall pay to the Agency, its agents or assigns, all costs incurred by the
         Agency in the process of the Application, including attorney's fees, if any.
Onondaga County Industrial Development Agency                                                 Page 22
                                           Page 42 of 111
 Name of Applicant Company:                                           Upstate Pathology Lab Ownership LLC
 Signature of Officer or Authorized Representative:
 Name & Title of Officer or Authorized Representative:         John 0. Murphy Jr. Manager
 Date:
STATE OF NEW YORK p. 43
STATE OF NEW YORK
     COUNTY OF ONONDAGA                               ) ss.;
     John D. Murphy, Jr.                            , being first duly sworn, deposes and says:
         1. That I am the Manager               (Corporate Officer) of Upstate Pathology Lab Ownership LLC
            (Applicant) and that I am duly authorized on behalf of the Applicant to bind the Applicant.
         2. That I have read and attached Application, I know the contents thereof, and that to the
            best of my knowledge and belief, this Application and the contents of this Application
            are true, accurate and complete
                                                                               dl
                                                                     (Signature of Officer)
            Subscribed and affirmed to me under pe ns ties of
                                                   e
            perjury this                day of C('
                                                *2
                             (Notary Public)               HAILLEY HIRVELA
                                                   NOTARY PUBLIC STATE OF NEW YORK
                                                           CAYUGA COUNTY
                                                           LIC. #01H16431050
                                                         COMM. EXP. 03/2812026
                                        End of Application
Rev 6 8 23
Onondaga County Industrial Development Agency                                                     Page 23
                                            Page 43 of 111
APPLICATION OF UPSTATE PATHOLOGY LAB OWNERSHIP, LLC p. 44
APPLICATION OF UPSTATE PATHOLOGY LAB OWNERSHIP, LLC
            PROJECT ADDRESS: 6624 FLY ROAD, EAST SYRACUSE, NY 13057 (TOWN OF DEWITT)
SECTION II: PROJECT AND SITE INFORMATION — SUPPLEMENTAL INFORMATION p. 44
SECTION II: PROJECT AND SITE INFORMATION — SUPPLEMENTAL INFORMATION
C) Project Type/End Use: Other
The project consists of the construction of an approximately 109,000 square foot, three story pathology
lab building, fully furnished and ready to operate. The building will be occupied by Upstate Medical
University's Pathology Department. Currently, Upstate's Pathology Department occupies 55,000 square
feet on five floors in three different buildings on the Upstate Medical (downtown Syracuse) campus. The
building will contain the following disciplines: Core Laboratory, Microbiology Lab, Histology Laboratory,
IHC, Cytology Laboratory, Electron Microscope, Bone Marrow, HEM path, Cytogenetics, Flow Cytometry,
Molecular laboratory, Bioinformatics & Digital Pathology, Courier and Drone service area, teaching,
conference, and employee support areas. This state-of-the-art facility will accommodate new efficient
processing equipment and additional volume, and facilitate employee retention and attract new
pathology physicians, technicians, and support personnel. The existing downtown Syracuse Upstate's
medical campus spaces that the Pathology Department will be vacating have already been allocated to
hospital departments that need additional space. In fact, over half of the existing Pathology space is in
the Upstate Cancer Center which requires additional space.
Currently, the Upstate Pathology Department employs approximately 228 people in offices that are on
five different floors in three different buildings.
When Upstate Medical moves into its new pathology laboratory, overall employment will initially grow
by 25 new jobs to 253, an 11% increase. A small laboratory will remain on Upstate's main downtown
Syracuse campus to meet the surgical and critical care needs of its hospital. Of the 228 existing
employees, 50 will continue to work in the Downtown Campus, and the remaining 178 employees will
move to the new location at Fly Road.
With the additional space and capacity in its new pathology lab facility, Upstate expects volume of work
to grow substantially. Upstate also expects that employment will increase in year two by 10 additional
jobs, a further increase of 4%, and in year three by 10 additional jobs, a further increase of 4%, resulting
in a net increase of 45 jobs over the existing employment number of 228 people.
To further clarify, the new location will experience growth according to the following over three years:
•   Fifty (50) of the existing 228 employees will remain at the downtown location. 178 employees
        will move to the new location.
    •   In Year 1, the new location will add 25 jobs;    178 existing + 25 new = 203 TOTAL
    •   In Year 2, the new location will add 10 jobs;    203 + 10 new = 213 TOTAL
    •   In Year 3, the new location will add 10 jobs;    213 + 10 new= 223 GRAND TOTAL at the new
        location
This new modern facility will be outfitted with state of the art and more efficient lab testing equipment,
which will increase the capacity/volume of analysis and employee productivity. In addition, the
                                               Page 44 of 111
Pathology Department will be able to expand its customer base with the additional capacity, and utilize
drone technology to more efficiently transport specimens. Likewise, Upstate Medical will benefit from
the building's location next to the intersection of Route 90 and soon to be Route 81, which will greatly
enhance delivery efficiency. The Pathology Department currently provides professional analysis for
specimens, over 50% of which are from requests outside of Onondaga County. The new facility will not
only increase the Department's footprint, but will likely increase the capability to provide services to a
broader geographic region.
Note that contrary to the normal interpretation of a "medical office building", this facility is a testing and
analysis laboratory, not a patient facility. The new facility will be a professional laboratory staffed by
medical service employees where specimens are received by Upstate Medical couriers , tested, and the
results returned to the requesting physician, hospital or health care system. The new Fly Road facility
will not be a public building. Patients will not visit nor frequent the building. Specimens will be
delivered to the facility by various couriers, Upstate, other hospitals, tabs, physicians, medical
practices, and other medical entities. Lab results are then reported back to the prescribing entity.
SECTION II: p. 45
SECTION II:
D) PROJECT NARRATIVE:
The Project described in this application would not be undertaken but for the financial assistance
provided by the Agency. Since the early planning stages for the Project, there have been numerous
changes in the financial markets, construction cost and supply chain markets. Construction costs,
including both materials and labor have been tracking significantly higher in recent years. Long term
interest rates and credit spreads have increased significantly, and supply chain issues continue to be
challenging for construction projects. Inflation has also had a significant impact on all cost aspects of the
Project, with no predictable end in sight.
During the planning stages for the Project, the prime rate of interest increased from 3.25% in January
2023, to 8.0% today (as of October, 2024). Construction financing for the Project is tied to the prime rate
of interest and has added significantly to the project cost and has therefore adversely affected the total
cost of the Project.
While the above factors make the Project challenging from a financial predictability perspective, the
financial assistance offered by the Agency will significantly and positively impact the project's financial
viability.
SECTION II p. 45
SECTION II
E) DESCRIPTION OF PROJECT:
(i) The principals of Upstate Pathology Lab Ownership, LLC have designed, constructed, owned, and
managed medical office buildings in Central New York for over 50 years. In particular, the principals
developed and managed the North Medical Center, a 400,000 square foot 33-acre medical campus in the
Town of Clay, and the 200,000 square foot Northeast Medical Center in Fayetteville, New York. The
Project site was acquired in the fall of 2022 and includes the adjacent Upstate Bone & Joint Center- a
100,000 square foot medical office building including an Ambulatory Surgery Center.
                                               Page 45 of 111
(ii) The Project will be a newly constructed three-story medical laboratory building containing
approximately 109,000 square feet. The Project consolidates existing facilities located in three buildings
at Upstate Medical University's downtown Syracuse campus. Those facilities will be vacated and back-
filled as reported to Applicant by Upstate Medical University as follows: (i) expand existing pharmacy
services, (ii) expand existing cancer center, (iii) expand interventional radiology program facility, (iv)
expand existing Stat Lab, and (v) increase surgery efficiency with additional space gained. The new
building expands the Pathology Department for Upstate Medical University by providing a new state-of-
the-art facility. The new building will have one tenant, Upstate Medical University's Pathology
Laboratory. Contained in Section 2c is a listing of the various disciplines that will occupy space in the new
building.
(iii) The Project will be situated on a portion of the remaining vacant 23.263 acres on the Upstate Bone &
Joint Center site on 6624 Fly Road.
(iv) The current use of the site is vacant land. The intended use of the land is the proposed Pathology
Laboratory and other medical office and related uses.
(v) The principals own the property, having had it subdivided from the larger parcel at 6620 Fly Road.
SECTION III: FINANCIAL AND EMPLOYMENT INFORMATION p. 46
SECTION III: FINANCIAL AND EMPLOYMENT INFORMATION
C (2) : "If you are relocating, are all employees moving to the new site? • No, explain"
Explanation: An upgraded Stat Lab and necessary medical staff (50) will remain at Upstate Medical
University's main campus in downtown Syracuse to meet the immediate needs of Upstate Medical's
hospital.
                                               Page 46 of 111
                                                                                                                                 Military Trail
                                                                                                                                   Medical
                                                                                                                                Properties LLC
                                                                                                                                     8620 Fly Rood
                                                                                                                                East Syracuse F2f11657
                  leFF f'+   ,FF.'

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