IDA Minutes:

2013

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COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
January 15, 2013

IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                        Rush, Schick, Sorbello and Toth

Absent/Excused:        Daniels and Kunzwiler

Also Present:              Kevin C. Caraccioli, David S. Dano and L. Michael Treadwell

Vice Chair Toth called the meeting to order at 2:00 p.m. at the offices of the County of Oswego IDA in Oswego, NY.

A moment of silence in respect for Arthur W. Ospelt was held.

APPROVAL OF MINUTES
On a motion made by Mr. Sorbello, seconded by Mr. Schick, the minutes of the December 18, 2012 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Sorbello, the Financial Statements for the period ended September 30, 2012, were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on January 3, 2013.

Use of Discretionary Funds Policy
Tabled.

USDA IRP
6% Loan Loss Reserve has been established.

Arthur Ospelt
On a motion by Ms. Rush, seconded by Mr. Sorbello, authorization was approved to contribute $200 to the American Cancer Society in memory of Arthur Ospelt.

A discussion was held regarding the process to be used to fill the vacancy on the IDA Board.

ESDC Notification of Initial Allocation – 2013
Mr. Treadwell reported that the 2013 allocation was $3,870,961.  Attached and made an official part of the minutes is a copy of the Notification of Initial Allocation dated January 2, 2013.

Mahalaxmi Motels
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Sorbello, a 3-month loan deferment was approved.

Executive Session
Vice Chair Toth reported that due to matters to discuss the financial history of a business/corporation and individuals, on a motion by Mr. Sorbello, seconded by Mr. Schick, it was approved to go into Executive Session at 2:30 p.m.

On a motion by Mr. Sorbello, seconded by Mr. Schick, the Executive Session ended at 3:20 p.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended December 31, 2012.

Mother Earth Baby LLC
Following a discussion and review of the financing application, on a motion by Mr. Sorbello, seconded by Ms. Rush, a resolution was adopted classifying the project as an unlisted action, declaring the County of Oswego IDA the Lead Agency for purposes of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the Mother Earth Baby, LLC Project will not have a significant effect on the environment.  A copy of the Negative Declaration is on file at the Agency.

On a motion by Mr. Schick, seconded by Mr. Sorbello, the financial assistance for building acquisition and renovation ($74,000) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

ServiceMaster Janitorial by ZVON, Inc.
Following a discussion and review of the financing application, on a motion by Mr. Sorbello, seconded by Mr. Schick, a resolution was adopted classifying the project as an unlisted action, declaring the County of Oswego IDA the Lead Agency for purposes of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the ServiceMaster Janitorial by ZVON, Inc. Project will not have a significant effect on the environment.  A copy of the Negative Declaration is on file at the Agency.

On a motion by Mr. Schick, seconded by Mr. Sorbello, the financial assistance for machinery and equipment ($25,000) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

607 Phillips Street Acquisition, LLC
Mr. Treadwell reported that the BirdsEye Plant was acquired.  It will take at least 6 months to get the plant ready for production.

Next IDA Meeting
February 19, 2013 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Sorbello, seconded by Ms. Rush, the meeting was adjourned at 3:35 p.m.

Respectfully Submitted,

H. Leonard Schick
Secretary



COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
February 19, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                        Rush, Schick, Sorbello and Toth

Absent/Excused:        Daniels and Kunzwiler

Also Present:             Kevin C. Caraccioli, David S. Dano, Andrew Poole and L. Michael Treadwell

Chair Rush called the meeting to order at 9:00 a.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion made by Mr. Sorbello, seconded by Mr. Toth, the minutes of the January 15, 2013 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Toth, seconded by Mr. Schick, the Financial Statements for the period ended October 31, 2012, were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on February 7, 2013.

Governor’s Budget
A discussion was held on the proposal in the Executive Budget that would potentially eliminate the ability of IDAs to exempt the State 4% Sales Tax.  Other restrictions included requiring projects to be Excelsior eligible and approvals from the REDCs and ESDC.  Exemption would become a refund or credit and not an upfront incentive.  Authorization was approved to submit a letter to State officials opposing this proposal.

NYS EDC Dues Assessment
Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Toth, it was approved to participate in the voluntary IDA dues assessment to advance economic development in New York State at the $3,000 level.

Circle T Motorsports
Following a discussion, the PILOT EDF loan commitment for $80,000 was canceled.

Harbor Lights Services of CNY
Following a discussion, the PILOT EDF loan commitment for $70,000 was canceled.

Central New York Raceway Park
Mr. Treadwell reported that the Town of Hastings is serving as the Lead Agency for SEQRA.  It has been determined that an EIS will be required.

MDR Properties, LLC/United Wire Technologies
Mr. Treadwell reported that the approved $210,000 in financing for the hydrogen equipment had to be split due to a technical issue with the IRP and was funded $187,500 IRP and $22,500 PILOT EDF.

2012 CFA Application
Mr. Treadwell reported that the Agency’s application for the Agri-Business Fund was not approved.

Use of Discretionary Funds Policy
This was tabled and will be addressed at the next meeting.

W&C, LLC/F.X. Caprara
Following a discussion and review of the application, on a motion by Mr. Schick, seconded by Mr. Sorbello, a resolution was approved determining that the acquisition, construction and equipping of a commercial facility at the request of the company for use as a commercial facility constitutes a project; describing the financial assistance requested in connection therewith and authorizing a public hearing.  A copy of the Initial Resolution is attached and made an official part of the minutes.

IDA Appointment
Reviewed the process to compile a list of potential candidates for the County Legislature to consider.  Mr. Caraccioli reviewed the meaning of “Independence” as it relates to members on the Board.

Executive Session
Chair Rush reported that due to matters to discuss the financial history of a business/corporation and individuals, on a motion by Mr. Sorbello, seconded by Mr. Schick, it was approved to go into Executive Session at 10:15 a.m.

On a motion by Mr. Schick, seconded by Mr. Sorbello, the Executive Session ended at 11:05 a.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended January 31, 2013.

Great Lakes Veneer
On a motion by Mr. Schick, seconded by Mr. Sorbello, the Release of Guarantor Settlement with Gary Canfield was approved subject to all parties concurring.

Stevener Holdings
On a motion by Mr. Toth, seconded by Mr. Schick, the repayment offer proposed was rejected and counsel was authorized to proceed aggressively with legal action.

Lake Ontario Property Associates
On a motion by Mr. Schick, seconded by Mr. Sorbello, it was approved to table the matter.

Next IDA Meeting
March 12, 2013 at 12 noon was scheduled.

ADJOURNMENT

On a motion by Mr. Sorbello, seconded by Mr. Toth, the meeting was adjourned at 11:20 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary



COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
March 12, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Daniels, Rush, Schick, Sorbello and Toth

Absent/Excused:         Kunzwiler

Also Present:           Kevin C. Caraccioli, David S. Dano, Brian St. Laurent, Lynn Smith and L. Michael Treadwell

Chair Rush called the meeting to order at 12:00 p.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion made by Mr. Toth, seconded by Mr. Sorbello, the minutes of the February 19, 2013 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Toth, the Financial Statements for the period ended November 30, 2012, were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on February 28, 2013.

Altmar Genesee LLC/Trailwater Lodge
Mr. Brian St. Laurent and Mr. Lynn Smith made a presentation on the proposed hotel project and outlined the company’s request for financial assistance from the Agency.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/corporation and individuals, on a motion by Mr. Daniels, seconded by Mr. Schick, it was approved to go into Executive Session at 12:20 p.m.

On a motion by Mr. Sorbello, seconded by Mr. Toth, the Executive Session ended at 2:10 p.m.

Morningstar Residential Care Center, Inc.
Following a discussion and review of the application, on a motion by Mr. Schick, seconded by Mr. Toth, a resolution was approved determining that the acquisition, renovation and/or improvement and equipping of a commercial facility at the request of the company for use as a skilled nursing facility constitutes a project; describing the financial assistance requested in connection therewith and authorizing a public hearing.  A copy of the Initial Resolution is attached and made an official part of the minutes.

Use of Discretionary Funds Policy
Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Toth, the adoption of the Use of Discretionary Funds Policy was approved.  A copy of the Use of Discretionary Funds Policy is attached and made an official part of the minutes.

Puddle Jumpers
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Sorbello, a 4-month loan deferment was approved.

Oswego Hamilton Homes Phase III, LLC
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Sorbello, authorization to execute the Declaration of Home Deed Restrictions was approved.

Altmar Genesee, LLC/Trailwater Lodge
Following a discussion and review of the application, on a motion by Mr. Daniels, seconded by Mr. Sorbello, a resolution was approved determining that the acquisition, renovation and equipping of a commercial facility at the request of the company for use as commercial space constitutes a project; describing the financial assistance requested in connection therewith and authorizing a public hearing.  A copy of the Initial Resolution is attached and made an official part of the minutes.

G&S Broadwell, Inc.
Following a discussion on the process that has been used to verify occupancy for the PILOT Agreement for the Best Western/Lake Ontario Event and Conference Center project, on a motion by Mr. Schick, seconded by Mr. Toth, it was approved to continue the past practice with no modification.

SAM North America
Following a discussion and review of the application, on a motion by Mr. Schick, seconded by Mr. Sorbello, a resolution was approved determining that the acquisition, renovation and equipping of a commercial facility at the request of the company for use as a light manufacturing facility and related space constitutes a project; describing the financial assistance requested in connection therewith and authorizing a public hearing.  A copy of the Initial Resolution is attached and made an official part of the minutes.

Felix Schoeller
Following a discussion regarding the company’s efforts to compete for a production project with a major customer, on a motion by Mr. Daniels, seconded by Mr. Schick, authorization was approved for $500,000 from the PILOT EDF to be placed in reserve for the project.

American Intermodal Container Manufacturing Co., LLC
Following a discussion and review of the application, on a motion by Mr. Schick, seconded by Mr. Sorbello, a resolution was approved determining that the acquisition, construction, renovation and equipping of a commercial facility at the request of the company for use as a manufacturing facility constitutes a project; describing the financial assistance requested in connection therewith and authorizing a public hearing.  A copy of the Initial Resolution is attached and made an official part of the minutes.

Brookfield-Erie Blvd. Hydros/Orwell
Following a discussion, on a motion y Mr. Toth, seconded by Mr. Schick, authorization to schedule a public hearing regarding the extension of a PILOT was approved.  A copy of the Initial Resolution is attached and made an official part of the minutes.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended February 28, 2013.

Healthway Home Products
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Daniels, the request to subordinate the Agency’s loan closed on December 29, 2010, to Pathfinder Bank and NYBDC was approved subject to the Agency maintaining an acceptable collateral position.

Governor’s Budget
Mr. Treadwell reported that the NYS Senate and NYS Assembly have introduced their budget resolutions and neither resolution included the Governor’s IDA State Sales Tax proposal.

St. Francis Commons, Inc.
Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Schick, authorization was approved to amend the Agency’s Commitment Letter for HUD EDF Loan No. 4124 to revise the collateral since the Oswego CDO will not be in a co-equal 1st mortgage.

Next IDA Meeting
March 27, 2013 at 4:00 p.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Sorbello, seconded by Mr. Schick, the meeting was adjourned at 2:45 p.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
March 27, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                        Kunzwiler, Rush, Schick, Sorbello and Toth

Absent/Excused:        Daniels

Also Present:             Kevin C. Caraccioli, David S. Dano and L. Michael Treadwell

Vice Chair Toth called the meeting to order at 4:00 p.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion made by Mr. Sorbello, seconded by Ms. Rush, the minutes of the March 12, 2013 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Sorbello, the Financial Statements for the period ended December 31, 2012, were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on March 15, 2013.

Altmar Genesee LLC/Tailwater Lodge
Following a discussion, on a motion by Mr. Schick, seconded by Ms. Rush, a resolution was approved classifying a certain project as an unlisted action pursuant to the State Environmental Quality Review Act and determining that the project will not have a significant effect on the environment.  A copy of the SEQRA Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Ms. Rush, seconded by Mr. Sorbello, a resolution was approved authorizing undertaking the acquisition, reconstruction, renovation and equipping of a certain project; appointing the Company as Agent of the Agency for the purpose of the acquisition, reconstruction, renovation and equipping of the project; approving financial assistance in the form of exemptions from real property tax, mortgage recording tax and sales and use tax; and, authorizing the execution and delivery of an agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Toth, a resolution was approved approving a Payment In Lieu of Tax schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Schick, seconded by Ms. Rush, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

 

Pathfinder Industries
A discussion was held relative to potential assistance that the Agency could provide as a result of the fire that destroyed the plant.

607 Phillips Street Acquisition, LLC
Mr. Treadwell reported that the company hopes to be hiring production workers by late summer and that the company wants to keep their name confidential for competitive reasons until a formal announcement is made.

McIntosh Box & Pallet
Following a discussion, the IRP EDF loan commitment for $99,500 was cancelled.

NYS ABO
A discussion was held on the Report for the Period 2008 – 2011 and the articles in The Post Standard.

NYS Budget
Mr. Treadwell reported that the sales tax issue regarding the State 4% has been dropped, however, the 2008 restrictions regarding retail were added.

HUD CDBG
On a motion by Ms. Rush, seconded by Mr. Schick authorization was approved to return interest for 2012 in the amount of $2,287.81.

K&E Realty/Reservoir Inn
Mr. Caraccioli reported on potential pending foreclosure sale.

Next IDA Meeting
April 25, 2013 at 1:00 p.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Kunzwiler, seconded by Ms. Rush, the meeting was adjourned at 4:55 p.m.

Respectfully Submitted,

 

H. Leonard Schick
Secretary



COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
April 11, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                             Daniels, Kunzwiler, Rush, Sorbello and Toth

Absent/Excused:              Schick

Also Present:                  David S. Dano, Andrew Poole and L. Michael Treadwell

Vice Chair Toth called the meeting to order at 4:00 p.m. at the offices of the County of Oswego IDA in Oswego, NY.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on April 6, 2013.

Pathfinder Industries, Inc.
Following a discussion and review of the application, on a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, a resolution was approved determining that the acquisition, construction and equipping of a commercial facility at the request of the company for use as commercial space constitutes a project; describing the financial assistance requested in connection therewith and authorizing a public hearing.  A copy of the Initial Resolution is attached and made an official part of the minutes.

Council of Development Finance Agencies
On a motion by Ms. Rush, seconded by Mr. Daniels, authorization was approved to pay the Annual Member Dues for 2013 in the amount of $400.

Sunoco, Inc.
Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, the Company’s request for an extension through 2013 for Sales Tax Exemption associated with ongoing development cost was approved.

Next IDA Meeting
April 18, 2013 at 1:00 p.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the meeting was adjourned at 4:26 p.m.

Respectfully Submitted,

L. Michael Treadwell
CEO


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
April 18, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Daniels, Schick, Sorbello and Toth

Absent/Excused:        Kunzwiler and Rush

Also Present:             David S. Dano, Andrew Poole and L. Michael Treadwell

Vice Chair Toth called the meeting to order at 1:00 p.m. at the offices of the County of Oswego IDA in Oswego, NY.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on April 11, 2013.

Pathfinder Industries, Inc.
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Sorbello, a resolution was approved classifying a certain project as an unlisted action pursuant to the SEQRA and determining that the project will not have a significant effect on the environment.  A copy of the SEQRA Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Daniels, a resolution was approved authorizing undertaking the acquisition, construction and equipping of a certain project, appointing the Company as agent of the Agency for the purpose of the acquisition, construction and equipping of the project, approving financial assistance in the form of real property tax, mortgage recording tax and sales and use tax exemptions, and authorizing the execution and delivery of an agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Schick, seconded by Mr. Sorbello, a resolution was approved approving a PILOT schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Daniels, seconded by Mr. Schick, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

Next IDA Meeting
April 25, 2013 at 1:00 p.m. has been scheduled.

ADJOURNMENT

On a motion by Mr. Schick, seconded by Mr. Sorbello, the meeting was adjourned at 1:20 p.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
April 25, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Kunzwiler, Rush, Schick and Sorbello

Absent/Excused:        Daniels and Toth

Also Present:             Kevin C. Caraccioli, David S. Dano, Kevin Gardner and L. Michael Treadwell

Chair Rush called the meeting to order at 1:00 p.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the minutes of the March 27, 2013 and April 11, 2013 were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Sorbello, the Financial Statements for the period ended January 31, 2013 were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on April 16, 2013.

St. Francis Commons, Inc.
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, it was approved to modify the amended collateral position on the $500,000 HUD EDF loan to be a co-equal 1st mortgage with the Oswego CDO.

Eagle Beverage Company, Inc.
Following a discussion and review of the application, on a motion by Mr. Sorbello, seconded by Mr. Schick, a resolution was approved determining that the acquisition, construction and equipping of a commercial facility at the request of the company constitutes a project; describing the financial assistance requested in connection therewith and authorizing a public hearing.  A copy of the Initial Resolution is attached and made an official part of the minutes.

SAM North America
Following a discussion and review of the financing application, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, a resolution was adopted classifying the project as an unlisted action, declaring the County of Oswego IDA the Lead Agency for purposes of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the SAM North America, LLC Project will not have a significant effect on the environment.  A copy of the Negative Declaration is on file at the Agency.

Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, a resolution was approved authorizing undertaking the acquisition, renovation and equipping of a certain project, appointing the company as Agent of the Agency for purpose of the acquisition, renovation and equipping of the project, approving financial assistance in the form of real property tax, mortgage recording tax and sales and use tax exemptions, and authorizing the execution and delivery of an Agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Schick, seconded by Mr. Sorbello, a resolution was approved approving a PILOT schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Schick, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

Brookfield – Erie Blvd. Hydros/Orwell
Following a discussion related to extending the PILOT Agreement for an additional 7 years, on a motion by Mr. Sorbello, seconded by Mr. Schick, a resolution was approved to authorize a public hearing regarding a 3rd Amendment and Restated PILOT Agreement.  A copy of the resolution is attached and made an official part of the minutes.

Winter Harbor, LLC
Following a discussion and review of the financing application, on a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, a resolution was adopted classifying the project as an unlisted action, declaring the County of Oswego IDA the Lead Agency for purpose of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the Winter Harbor, LLC Project will not have a significant effect on the environment.  A copy of the Negative Declaration is on file at the Agency.

On a motion by Mr. Schick, seconded by Mr. Kunzwiler, the financial assistance for equipment acquisition ($79,000) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Private Activity Bonds
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, authorization to urge support for continuing tax-exempt financing and updating the requirements to make the program more flexible and less restrictive for manufacturing purposes was approved.

Disposition of Property Guidelines
Following a review and discussion on the current Disposition of Property Guidelines, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, the County of Oswego IDA Disposition of Property Guidelines were approved with no changes.  A copy of the Guidelines are attached and made an official part of the minutes. The CEO was appointed to serve as the Contracting Officer.  The Guidelines will be posted on the Agency’s website.

Next IDA Meeting
May 16, 2013 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Sorbello, seconded by Mr. Schick, the meeting was adjourned at 2:10 p.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
May 16, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Kunzwiler, Rush, Schick, Sorbello and Toth

Absent/Excused:        Daniels

Also Present:            Kevin C. Caraccioli, David S. Dano, Kevin Gardner, Andrew Poole and L. Michael Treadwell

Chair Rush called the meeting to order at 9:00 a.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion by Mr. Sorbello, seconded by Mr. Toth, the minutes of the April 18, 2013 and April 25, 2013 were approved.

TREASURER’S REPORT
On a motion by Mr. Kunzwiler, seconded by Mr. Schick, the Financial Statements for the period ended February 28, 2013 were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on May 2, 2013.

Brookfield – Erie Boulevard Hydros/Orwell
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, a resolution was approved approving the Third Amended and Restated PILOT Agreement for the Bennetts Bridge and Lighthouse Hill Hydroelectric Generation Facilities.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

Budget Reports
Following a review, on a motion by Mr. Schick, seconded by Mr. Sorbello, the following budgets were approved and authorized to be submitted to the State:

A copy of the Budget Reports are attached and made an official part of the minutes.

The Projected Revenues and Expenses Budget Report for 8/1/13 – 7/31/14 included a $10,000 increase for professional services for administration with Operation Oswego County of $220,000.

New York State 2013 Federal Priorities
Mr. Treadwell reported that included in NYS’s Federal Priorities for manufacturing included:

  • Double the maximum Private Activity Bond size to $20 million
  • Double the capital expenditure limitation rule to $40 million

F.X. Caprara
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Sorbello, authorization was approved to waive the conflict associated with legal services being provided to the company by H&B.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/corporation and individuals and the proposed acquisition, sale or lease of real property, on a motion by Mr. Kunzwiler, seconded by Mr. Toth, it was approved to go into Executive Session at 9:42 a.m.

On a motion by Mr. Sorbello, seconded by Mr. Schick, the Executive Session ended at 10:50 a.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended April 30, 2013.

On a motion by Mr. Schick, seconded by Mr. Toth, the repayment plan as proposed by Stevener Holdings was rejected.  Legal counsel was authorized to (1) enforce the judgment, (2) demand that the loan be brought current with an acceptable payment plan, (3) have borrowers refinance and pay-off the IDA loan in full.

Hillside Plaza Laundry, Inc.
Following a discussion and review of the financing application, on a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, a resolution was adopted classifying the project as an unlisted action, declaring the County of Oswego IDA the Lead Agency for purposes of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the Hillside Plaza Laundry, Inc. Project will not have a significant effect on the environment.  A copy of the Negative Declaration is on file at the Agency.

On a motion by Mr. Schick, seconded by Mr. Toth, the financial assistance for equipment and renovations ($55,500) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

BioSpherix, Ltd.
Following a discussion regarding the proposed structure of a PILOT Agreement, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, authorization was approved to treat the matter as a deviation from the Agency’s UTEP for manufacturing.

IDA Board of Directors
A discussion was held relative to the process of appointment to the Agency’s Board of Directors.  Potential individuals were discussed in the Executive Session.  Authorization was approved to coordinate the process with the Chairman of the County Legislature.

Next IDA Meeting
June 18, 2013 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Toth, seconded by Mr. Kunzwiler, the meeting was adjourned at 11:05 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
June 18, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Canale, Kunzwiler, Rush, Schick, Sorbello and Toth

Absent/Excused:        Daniels

Also Present:             Kevin C. Caraccioli, David S. Dano and L. Michael Treadwell

Chair Rush called the meeting to order at 9:00 a.m. at the offices of the County of Oswego IDA in Oswego, NY.

New Board Member Introduction
Mr. Nick Canale, Jr. was introduced.  He was appointed to the IDA Board on June 13, 2013 by the Oswego County Legislature.  Mr. Canale was appointed to fill the vacancy due to the death of Arthur W. Ospelt.

APPROVAL OF MINUTES
On a motion by Mr. Kunzwiler, seconded by Mr. Toth, the minutes of the May 16, 2013 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Sorbello, the Financial Statements for the period ended March 31, 2013 were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on May 31, 2013.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/corporation and individuals and potential legal actions, on a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, it was approved to go into Executive Session at 9:10 a.m.

On a motion by Mr. Schick, seconded by Mr. Sorbello, the Executive Session ended at 11:45 a.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended May 31, 2013.  Mr. Dano also reviewed the Agency’s policies and procedures for dealing with delinquent loans.

County of Oswego IDA Audit FY 8/1/12 – 7/31/13
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, authorization was approved to accept the May 14, 2013 confirmation of understanding services letter from Grossman St. Amour.

BioSpherix, Ltd.
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, a resolution was approved authorizing undertaking the acquisition, reconstruction, renovation and equipping of a certain project, appointing the Company Agent of the Agency for the purpose of the acquisition, reconstruction, renovation and equipping of the project, approving financial assistance in the form of real property tax, mortgage recording tax, state and local sales and use tax exemptions and authorizing the execution and delivery of an agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Toth, seconded by Mr. Canale, a resolution was approved approving a PILOT schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

Eagle Beverage Company, Inc.
Mr. Treadwell reviewed a letter dated June 12, 2013 amending the application.

Following a discussion and a review of the amended application, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, a resolution was approved classifying a certain project as an Unlisted Action pursuant to SEQRA and determining that the project will not have a significant effect on the environment.  A copy of the SEQRA Resolution is attached and made an official part of the minutes.

Following a discussion on a motion by Mr. Schick, seconded by Mr. Kunzwiler, a resolution was approved authorizing undertaking the acquisition, construction and equipping of a certain project, appointing the Company as Agent of the Agency for the purpose of the acquisition, construction and equipping of the project, approving financial assistance in the form of real property tax, mortgage recording tax and State and local sales and use tax exemptions, and authorizing the execution and delivery of an agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Toth, seconded by Mr. Sorbello, a resolution was approved approving a PILOT schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Schick, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

The Palladium Times
A discussion was held regarding the article on IDA activity that was published in the Palladium Times on May 18, 2013.

New Moon Telescopes
Following a discussion and review of the financing application, on a motion by Mr. Schick, seconded by Mr. Toth, a resolution was adopted classifying the project as an unlisted action, declaring the County of Oswego IDA the Lead Agency for purposes of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the New Moon Telescopes Project will not have a significant effect on the environment.  A copy of the Negative Declaration is on file at the Agency.

On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the financial assistance for machinery and equipment, working capital and inventory ($25,000) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Fulton Tool Company, Inc.
Following a discussion and review of the financing application, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, a resolution was adopted classifying the project as an unlisted action, declaring the County of Oswego IDA the Lead Agency for purpose of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the Fulton Tool Company, Inc. Project will not have a significant effect on the environment.  A copy of the Negative Declaration is on file at the Agency.

On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the financial assistance for equipment acquisition ($83,660) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Lake Ontario Property Associates, Inc.
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, a resolution was approved authorizing undertaking the acquisition, renovation and equipping of a certain project, appointing the Company as Agent of the Agency for the purpose of acquisition, renovation and equipping of the Project, approving financial assistance in the form of real property tax, mortgage recording tax and sales and use tax exemptions and authorizing the execution and delivery of an agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Schick, seconded by Mr. Canale, the financial assistance for machinery and equipment ($35,000) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, a resolution was approved approving a PILOT schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Toth, seconded by Mr. Schick, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

Port of Oswego Authority
Following a discussion, on a motion by Mr. Toth, seconded by Mr. Schick, authorization to support the TIGER V application to the U.S. DOT was approved.

Sure-Lock Industries, LLC
Following a discussion, on a motion by Mr. Toth, seconded by Mr. Kunzwiler, authorization for the CEO and legal counsel to negotiate to implement the proposed reorganizational strategy was approved.

National Project Management Corp.
Mr. Treadwell reported that an application was anticipated but had not been received.

Felix Schoeller North America, Inc.
Following a discussion and review of the application, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, a resolution was approved determining that the acquisition, renovation and equipping of a commercial facility at the request of Felix Schoeller North America, Inc. constitutes a project, describing the financial assistance requested in connection therewith and authorizing a public hearing.  A copy of the Initial Resolution is attached and made an official part of the minutes.

Novelist Corporation
Mr. Treadwell provided an update on the expansion project and reported that another project involving expanding recycling capacity was in the works.

Next IDA Meeting
July 10, 2013 at 2:00 p.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Toth, seconded by Mr. Sorbello, the meeting was adjourned at 12:05 p.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
July 10, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Canale, Kunzwiler, Rush, Schick and Sorbello

Absent/Excused:        Toth

Absent:                          Daniels

Also Present:             Kevin C. Caraccioli, David S. Dano, Joe Marmon and L. Michael Treadwell

Chair Rush called the meeting to order at 2:00 p.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the minutes of the June 18, 2013 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Kunzwiler, seconded by Mr. Schick, the Financial Statements for the period ended April 30, 2013 were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on June 26, 2013.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/corporation and individuals and potential legal actions, on a motion by Mr. Sorbello, seconded by Mr. Canale, it was approved to go into Executive Session at 2:10 p.m.

On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the Executive Session ended at 3:30 p.m.

Sure-Lock Industries, LLC
The Board expressed their appreciation for the report that Mr. Marmon provided in the Executive Session.  On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, a resolution was approved authorizing the commencement of a transaction associated with acquiring debt and restructuring financing.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/corporation and individuals and potential legal actions, on a motion by Mr. Kunzwiler, seconded by Mr. Canale, it was approved to go into Executive Session at 3:40 p.m.

On a motion by Mr. Kunzwiler, seconded by Mr. Canale, the Executive Session ended at 4:10 p.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended June 30, 2013.  It was agreed that the payment plan for Stevener Holdings was acceptable at this time and would be subject to an on-going six month review.

Fruit Valley Properties, LLC/Murphy’s Automotive Solutions, LLC
Following a discussion and review of the financing application, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, a resolution was adopted classifying the project as an unlisted action, declaring the County of Oswego IDA the Lead Agency for purposes of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the Murphy’s Automotive Solutions, LLC Project will not have a significant effect on the environment.  A copy of the Negative Declaration is on file at the Agency.

On a motion by Mr. Schick, seconded by Mr. Kunzwiler, the financial assistance for M&E, Soft Costs and Working Capital ($99,500) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

G&S Broadwell, Inc./Lake Ontario Event & Conference Center
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, a resolution was approved authorizing the participation by the Agency in a mortgage on a property previously undertaken by the Agency for purposes of funding certain expenditures related to another project undertaken at the request of the Company; and approving an extension of the Sales Tax Appointment Agent Status of G&S Broadwell, Inc., until October 31, 2013.  A copy of the Approving Resolution is attached and made an official part of the minutes.

Stability Fitness of Oswego, LLC
Reviewed the change in ownership and status of outstanding loan.

Operation Oswego County, Inc./Administrative Services Agreement
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Sorbello, the Administrative Services Agreement for 2013 and 2014 was approved.

Consolidated Funding Application (Round 3)
Following a discussion and review of a proposal, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, authorization was approved to submit an application for matching funds to establish a $500,000 Start Up NY EDF to help financing eligible projects locating in Oswego County.

Felix Schoeller North America, Inc.
Following a discussion on the proposed expansion project and the proposed incentives, on a motion by Mr. Canale, seconded by Mr. Sorbello, the proposed PILOT was recognized as a UTEP Deviation and authorization was approved to communicate with impacted taxing authorities per the UTEP procedures.

On a motion by Mr. Kunzwiler, seconded by Mr. Schick, the proposed Employment Incentive in cooperation with Operation Oswego County, Inc. was approved.

Oswego Hamilton Homes Phase III
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Canale, authorization to execute closing documents associated with a $2.3 million Home Program Mortgage and Security Agreement with the Housing Trust Fund Corporation was approved.

General Municipal Law Section 53 Compliance
Following a review by Mr. Caraccioli, on a motion by Mr. Canale, seconded by Mr. Kunzwiler, a resolution was approved regarding Service of Notice Claim.  A copy of the Resolution Designating the Secretary of State an Agent for Service of a Notice of Claim is attached and made an official part of the minutes.

Seaway Lofts Associates, LLC
Mr. Treadwell reported that an extension to September 30, 2013 for the Sales Tax Appointment was granted.

Next IDA Meeting
July 31, 2013 at 9:30 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Kunzwiler, seconded by Mr. Schick, the meeting was adjourned at 4:35 p.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
July 31, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                      Canale, Kunzwiler, Rush, Schick and Sorbello

Absent/Excused:        Toth

Absent:                           Daniels

Also Present:            Kevin C. Caraccioli, David S. Dano and L. Michael Treadwell

Chair Rush called the meeting to order at 9:30 a.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the minutes of the July 10, 2013 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Kunzwiler, the Financial Statements for the period ended May 31, 2013 were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on July 15, 2013.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/corporation and individuals and potential legal actions, on a motion by Mr. Sorbello, seconded by Mr. Canale, it was approved to go into Executive Session at 9:40 a.m.

On a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, the Executive Session ended at 11:05 a.m.

LEEH, LLC
On a motion by Mr. Schick, seconded by Mr. Canale, approval for an additional subordination to Pathfinder Bank in the amount of $550,000 was approved.

Felix Schoeller North America, Inc.
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, a resolution was approved authorizing undertaking the acquisition, renovation and equipping of a certain project, appointing the Company and/or its Designee Agent of the Agency for the purpose of the acquisition, renovation and equipping of the project, approving financial assistance in the form of real property tax, mortgage recording tax, state and local sales and use tax exemptions and a loan from the Agency’s EDF in an amount not to exceed $500,000 and authorizing the execution and delivery of an agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, the financial assistance for machinery and equipment ($500,000) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Following a discussion, on a motion by Mr. Canale, seconded by Mr. Sorbello, a resolution was approved approving a PILOT schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

Glenn Donnelly Partners, LLC/CNY Raceway Park
Mr. Treadwell provided an update on the financing associated with the project.

Great Lakes Veneer Corp.
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Canale, the proposed Global Settlement Offer dated July 17, 2013 was accepted.

Southern Graphic Systems, LLC
Following a discussion and review of the application, on a motion by Mr. Schick, seconded by Mr. Sorbello, a resolution was approved determining that the acquisition, renovation and equipping of a commercial facility at the request of the Company for use as a manufacturing facility and related space constitutes a project; describing the financial assistance requested in connection therewith and authorizing a public hearing.  A copy of the Initial Resolution is attached and made an official part of the minutes.

Sure-Lock Industries, LLC
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, authorization was approved to proceed with the financing restructuring including the appropriation of funds, the execution of documents and a public sale as detailed in the Executive Session.

­Conflict of Interest Policy
The Conflict of Interest Policy was reviewed.  On a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, the Conflict of Interest Policy was re-affirmed.  A copy of the Conflict of Interest Policy is attached and made an official part of the minutes.

The Annual Affirmation Statement was distributed and signed by those in attendance.

Procurement Policy
The Procurement Policy was reviewed.  On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the Procurement Policy was re-affirmed.  A copy of the Procurement Policy is attached and made an official part of the minutes.

Website Update
Mr. Treadwell reported that the IDA website had been updated.

Next IDA Meeting
September 4, 2013 at 9:00 a.m. was scheduled.  Due to activity associated with several projects, it was recognized that there may need to be a meeting earlier.

ADJOURNMENT

On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the meeting was adjourned at 11:15 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
August 15, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                    Rush, Schick, Sorbello and Toth

Absent/Excused:     Canale and Kunzwiler

Absent:                       Daniels

Also Present:          Kevin C. Caraccioli, David S. Dano and L. Michael Treadwell

Chair Rush called the meeting to order at 9:30 a.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion by Mr. Sorbello, seconded by Mr. Toth, the minutes of the July 31, 2013 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Sorbello, the Financial Statements for the period ended June 30, 2013 were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on August 7, 2013.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/corporation and individuals and potential legal action, on a motion by Mr. Toth, seconded by Mr. Schick, it was approved to go into Executive Session at 9:45 a.m.

On a motion by Mr. Sorbello, seconded by Mr. Toth, the Executive Session ended at 11:05 a.m.

Delinquent Loan Report
On a motion by Mr. Schick, seconded by Mr. Toth, a 2 month deferment on payments by WiseBuys was approved.  On a motion by Mr. Toth, seconded by Mr. Schick, matters related to K&E Realty were tabled.

W&C, LLC/FX Caprara
Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Toth, a resolution was approved determining that a certain project for W&C, LLC will not have a significant effect on the environment pursuant to the SEQRA.  A copy of the SEQRA Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Toth, seconded by Mr. Schick, a resolution was approved authorizing undertaking the acquisition, construction and equipping of a certain project, appointing the Company and/or its designee Agent of the Agency for the purpose of completing the project, approving financial assistance in the form of real property tax, mortgage recording tax, state and local sales and use tax exemptions and a loan from the Agency’s EDF in an amount not to exceed $300,000; and authorizing the execution and delivery of an agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Toth, a resolution was approved approving a PILOT schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Toth, seconded by Mr. Schick, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

Sure-Lock Industries, LLC
On a motion by Mr. Toth, seconded by Mr. Schick, a resolution was approved authorizing the purchase of the bank paper associated with a loan and conducting an Article 9 sale of the assets secured by the paper.  An Approving Resolution is attached and made an official part of the minutes.

SUNY Oswego Business Incubator/Start Up NY
Mr. Treadwell reported that a support letter was provided for their CFA application.

Jonathan Daniels
Mr. Treadwell reported that a letter of resignation from the IDA Board, dated August 6, 2013, was received.  This will initiate the process with the County Legislature on filling the vacancy.

Next IDA Meeting
September 4, 2013 at 9:00 a.m. was previously scheduled.

ADJOURNMENT

On a motion by Mr. Sorbello, seconded by Mr. Schick, the meeting was adjourned at 11:20 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
September 17, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Canale, Kunzwiler, Rush, Schick, Sorbello and Toth

Absent/Excused:        None

Also Present:            Kevin C. Caraccioli, David S. Dano and L. Michael Treadwell

Chair Rush called the meeting to order at 3:00 p.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion by Mr. Sorbello, seconded by Mr. Toth, the minutes of the September 4, 2013 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Kunzwiler, the Financial Statements for the period ended July 31, 2013, were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on September 5, 2013.

Delinquent Loan Report
No Report.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/corporation and individuals and potential legal action, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, it was approved to go into Executive Session at 3:10 p.m.

On a motion by Mr. Kunzwiler, seconded by Mr. Toth, the Executive Session ended at 4:05 p.m.

Fred Raynor Ford, Lincoln, Mercury Corp.
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Toth, a resolution was approved classifying a certain project as an Unlisted Action pursuant to the SEQRA and determining that the project will not have a significant effect on the environment.  A copy of the SEQRA Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Schick, seconded by Mr. Canale, a resolution was approved authorizing the acquisition, construction and equipping of a certain project, appointing the Company Agent of the Agency for the purpose of the acquisition, construction and equipping of the project; approving financial assistance in the form of real property tax, mortgage recording tax, State and Local sales and use tax exemptions and a loan from the Agency’s EDF in an amount not to exceed $300,000; and authorizing the execution and delivery of an agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, a resolution was approved approving a PILOT schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Toth, seconded by Mr. Schick, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

Novelis Corporation
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, a resolution was approved authorizing undertaking the acquisition, construction, renovation and equipping of a certain project, appointing the Company Agent of the Agency for the purpose of the acquisition, construction, renovation and equipping of the project; approving financial assistance in the form of real property tax and State and Local sales and use tax exemptions; and authorizing the execution and delivery of an agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Following a discussion, on a motion by Mr. Toth, seconded by Mr. Sorbello, a resolution was approved approving a PILOT schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Canale, seconded by Mr. Schick, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

Judith K. and William W. Patterson/Patterson Warehousing, Inc.
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, a resolution was approved classifying a certain project as an Unlisted Action pursuant to the SEQRA and determining that the project will not have a significant effect on the environment.  A copy of the SEQRA Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, a resolution was approved authorizing undertaking the acquisition, construction and equipping of a certain project, appointing the Company Agent of the Agency for the purposes of the acquisition, construction and equipping of the project; approving financial assistance in the form of real property tax, mortgage recording tax and State and Local sales and use tax exemptions; and authorizing the execution and delivery of an agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is one file at the Agency.

Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Canale, a resolution was approved approving a PILOT schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Toth, seconded by Mr. Schick, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.
Sure-Lock Industries, LLC
Mr. Caraccioli reported on the Article 9 auction scheduled for September 23, 2013.

RTV Holdings, LLC/Design Concepts and Enterprises, LLC
Following a discussion and review of the application, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, a resolution was approved determining that the acquisition, reconstruction, renovation and equipping of a commercial manufacturing facility at the request of the Company constitutes a project; describing the financial assistance requested in connection therewith and authorizing a public hearing.  A copy of the Initial Resolution is attached and made an official part of the minutes.

Manufacturing Innovation Facility/Incubator
Mr. Treadwell provided an overview of the concept on developing a new small business incubator in the OCIP due to the sale of the SUF to SAM North America.  The overview included a proposed financing structure for the project.  The conceptual plan and strategy for development were supported.

G&S Broadwell, Inc./HSBC
Following a discussion on the proposed mortgage consolidation with HSBC, on a motion by Mr. Toth, seconded by Mr. Schick, a resolution was approved approving the Agency’s participation in a mortgage modification agreement and subordination agreement at the request of the Company in connection with the project facility and authorizing the execution of certain documents in connection therewith.  A copy of the Resolution is attached and made an official part of the minutes.

Murphy’s Automotive Solutions, LLC
Following a discussion and review of the financing application, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, the financial assistance for construction, M&E and working capital ($40,000) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Next IDA Meeting
October 16, 2013 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Toth, seconded by Mr. Kunzwiler, the meeting was adjourned at 4:25 p.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
October 16, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Canale, Rush, Schick, Sorbello and Toth

Absent/Excused:        Kunzwiler

Also Present:            Roger Beer, Kevin C. Caraccioli, David S. Dano, L. Michael Treadwell and Laura Wills

Chair Rush called the meeting to order at 9:00 a.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion by Mr. Toth, seconded by Mr. Sorbello, the minutes of the September 17, 2013 meeting were approved.

TREASURER’S REPORT
No Report.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on September 27, 2013.

Audit Report for FY Ended 7/31/13
Mr. Beer and Ms. Wills of Grossman St. Amour, Certified Public Accountants, PLLC presented the Summary of the 2013 Audit Report Findings.  A Draft of the Financial Statements of the County of Oswego IDA was reviewed.  Following a discussion, on a motion by Mr. Schick, seconded by Mr. Canale, the Audit Report was approved.

RTV Holdings, LLC/Design Concepts and Enterprises, LLC
Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Schick, a resolution was approved authorizing the undertaking of the acquisition, reconstruction, renovation and equipping of a certain project; appointing the Company and/or its designee Agent of the Agency for the purpose of the acquisition, reconstruction, renovation and equipping of the project; approving financial assistance in the form of real property tax, mortgage recording tax and state and local sales and use tax exemptions; and authorizing the execution and delivery of an agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Following a discussion, on a motion by Mr. Schick, seconded by Mr. Canale, a resolution was approved approving a PILOT schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion, on a motion by Mr. Toth, seconded by Mr. Sorbello, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/corporation and individuals and potential legal action, on a motion by Mr. Toth, seconded by Mr. Sorbello, it was approved to go into Executive Session at 9:35 a.m.

On a motion by Mr. Sorbello, seconded by Mr. Toth, the Executive Session ended at 10:55 a.m.

Novelis Corporation
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Canale, a resolution was approved clarifying the project description with respect to a certain project previously approved by the Agency.  A copy of the Clarifying Resolution is attached and made an official part of the minutes.

Following a discussion and review of the application, on a motion by Mr. Sorbello, seconded by Mr. Canale, a resolution was approved determining that the acquisition, construction, renovation and equipping of a commercial facility at the request of the Company constitutes a project; describing the financial assistance requested in connection therewith and authorizing a public hearing.  A copy of the Initial Resolution is attached and made an official part of the minutes.

Legislation on Retail Exception for Natural Disasters
Mr. Treadwell reported that NYS legislation (S.5776) that passed both the Senate and Assembly was vetoed.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ending 9/30/13.  Mr. Caraccioli reported that the release of Mr. Canfield was settled in cooperation with HSBC and NYBDC.

Governance Committee
Mr. Treadwell reviewed the requirements for the Annual Board of Directors Evaluation.  A meeting will be scheduled prior to the IDA meeting to be held in December.  Members of the Governance Committee were reconfirmed to be Ms. Rush (Chair), Mr. Kunzwiler and Mr. Schick.

Audit Committee
Members of the Audit Committee were reconfirmed to be Mr. Toth (Chair), Mr. Canale and Mr. Schick.

H. Lee White Marine Museum
Following a discussion and review of the financing application, on a motion by Mr. Canale, seconded by Mr. Toth, a resolution was adopted classifying the project as an unlisted action, declaring the County of Oswego IDA the Lead Agency for purposes of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the H. Lee White Marine Museum Project will not have a significant effect on the environment.  A copy of the Negative Declaration is on file at the Agency.

On a motion by Mr. Toth, seconded by Mr. Canale, the financial assistance for renovations ($22,500) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Mr. Schick voted nay.

M&A Holdings of CNY, LLC
Following a discussion on the project and potential incentives, it was recommended that the developers be invited to make a presentation on their proposed project.

Tax-Exempt Bond Post-Issuance Compliance Policy
Following a discussion, on a motion by Mr. Canale, seconded by Mr. Schick, the Tax-Exempt Bond Post-Issuance Compliance Policy was approved and L. Michael Treadwell, CEO was designated to be the Designated Tax Compliance Officer.  A copy of the Policy is attached and made an official part of the minutes.

Peck Road Site – Site Clearance Proposal
Mr. Treadwell reviewed the process used that was in compliance with the Agency’s Procurement Policy to retain Frederick L. Dano to brush hog the 14-acre site in the Town of Richland.  Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Canale, the Job Proposal for $1,200 was approved.

Fruit Valley Properties, LLC
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Canale, it was approved to amend the prior loans for Murphy’s Automotive Solutions, LLC to reflect Fruit Valley Properties, LLC as the borrower.

Morningstar Residential Care Center, Inc.
Following a discussion regarding the company’s use of an H&B attorney to represent them, on a motion by Mr. Schick, seconded by Mr. Sorbello, a consent for a conflict of interest waiver was approved.

Next IDA Meeting
November 4, 2013 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Sorbello, seconded by Mr. Schick, the meeting was adjourned at 11:15 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
November 4, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Canale, Kunzwiler, Schick, Sorbello and Toth

Absent/Excused:        Rush

Also Present:            Atom Avery, Kevin C. Caraccioli, David S. Dano, Joseph Murabito and L. Michael Treadwell

Vice Chair Toth called the meeting to order at 9:00 a.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the minutes of the October 16, 2013 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Kunzwiler, the Financial Statements for the period ended August 31, 2013 were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on October 21, 2013.

M&A Holdings of CNY, LLC/The Gardens by Morningstar
A presentation on the proposed 106 bed assisted living project that would convert the closed former Loretto Nursing Home was made by Mr. Avery and Mr. Murabito.  A detailed presentation outlined the scope of the project, impact and justification for IDA financial assistance.  The project will be a for-profit business and the focus will be on Medicaid ALP beds (77 of the 106).

Following the presentation, the proposed draft of PILOT terms was recognized to constitute a deviation from the Agency’s UTEP and would require compliance with the notification process to local taxing authorities.  On a motion by Mr. Schick, seconded by Mr. Sorbello, authorization was approved to comply with the Agency’s Deviation Policy as outlined in the UTEP and to amend the proposed PILOT terms to be in 5 year adjustable increments.

Annual Report FY 8/1/12 – 7/31/13
Following a review, on a motion by Mr. Schick, seconded by Mr. Canale, the Annual Report was approved and it was authorized to be posted on the Agency’s website.  A copy of the Annual Report is attached and made an official part of the minutes.

IDA Application Overhaul Plans
Mr. Treadwell reported that the Agency’s applications for the EDFs and Financial Assistance were in need of updating.  The last update was 2012.

World Gym International
Mr. Treadwell reported that World Gym Fulton won the prestigious “Best U.S. Gym Design & Branding Award” for 2013 at the World Gym International Convention on October 21, 2013.

Executive Session
Vice Chair Toth reported that due to matters involving the financial history of a business/corporation and individuals and potential legal action, on a motion by Mr. Sorbello, seconded by Mr. Canale, it was approved to go into Executive Session at 11:00 a.m.

On a motion by Mr. Canale, seconded by Mr. Sorbello, the Executive Session ended at 11:30 a.m.

W&C, LLC/FX Caprara
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, a resolution was approved to modify the collateral for the approved PILOT EDF loan.  A copy of the Subordination Resolution is attached and made an official part of the minutes.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended October 31, 2013.

H. Lee White Marine Museum
Mr. Treadwell reported that the PILOT EDF loan approved for the roof project was canceled by the Museum.

St. Peter’s Outfitter
Following a discussion on the refinancing of a PILOT EDF loan, on a motion by Mr. Canale, seconded by Mr. Schick, the refinancing proposal was approved.

Novelis Corporation
Mr. Caraccioli reported that the Town of Scriba Planning Board was scheduled to meet on November 6, 2013 to address an amendment to 125,000 sf as it relates to the SEQRA action.  The required IDA resolutions would have to be addressed at a meeting post the Planning Board’s action.

K&N’s Foods USA, LLC
Mr. Treadwell reported that the company has now requested using the loan previously included in the IDA incentives proposal for the project.  A public hearing would be required since the loan was not addressed in the public hearing for the Straight Lease Transaction.  On a motion by Mr. Sorbello, seconded by Mr. Canale, authorization was approved to schedule a public hearing.

Next IDA Meeting
November 11, 2013 at 3:30 p.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Schick, seconded by Mr. Kunzwiler, the meeting was adjourned at 11:45 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
November 11, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Kunzwiler, Rush, Schick, Sorbello and Toth

Absent/Excused:        Canale

Also Present:             Kevin C. Caraccioli and L. Michael Treadwell

Chair Rush called the meeting to order at 3:30 p.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion by Mr. Sorbello, seconded by Mr. Toth, the minutes of the November 4, 2013 meeting were approved.

TREASURER’S REPORT
No report.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on November 6, 2013.

Novelis Corporation
Following a discussion, on a motion by Mr. Toth, seconded by Mr. Schick, a resolution was approved authorizing the undertaking of the acquisition, construction, renovation and equipping of a certain project, appointing the Company Agent of the Agency for the purposes of the acquisition, construction, renovation and equipping of the project; approving financial assistance in the form of real property tax and state and local sales and use tax exemptions; and authorizing the execution and delivery of an agreement between the Agency and the Company.  A copy of the Inducement Resolution is attached and made an official part of the minutes.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Following a discussion, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, a resolution was approved approving a PILOT schedule and authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the PILOT Resolution is attached and made an official part of the minutes.

Following a discussion on a motion by Mr. Sorbello, seconded by Mr. Toth, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a certain project undertaken at the request of the Company.  A copy of the Final Approving Resolution is attached and made an official part of the minutes.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/corporation and individuals, on a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, it was approved to go into Executive Session at 3:55 p.m.

On a motion by Mr. Sorbello, seconded by Mr. Toth, the Executive Session ended at 4:05 p.m.

K&N’s Foods USA, LLC
Following a discussion and update on the progress of the project, Mr. Treadwell reported that the company has expressed interest in the direct loan that was a component of the overall incentives to acquire the BirdsEye plant for use as a value added chicken processing plant.  A public hearing would be required.  On a motion by Mr. Sorbello, seconded by Mr. Schick, the financial assistance for machinery and equipment and renovations ($200,000) was approved subject to the public hearing.

Mr. Schick voted nay on the loan.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

86 State St. Phoenix, LLC
Following a discussion and an update on the development status of the mixed use project, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, a sales tax appointment extension to June 30, 2014 was approved.

Morningstar Care Center, Inc.
Following a review of the Business Associate Agreement by Mr. Caraccioli, on a motion by Mr. Toth, seconded by Mr. Kunzwiler, authorization to execute the Agreement was approved.

LOIP Security Gate Proposal
Mr. Treadwell reviewed the problem of trash being disposed of in the LOIP.  A proposal to use concrete blocks and cable to block access was received from Lamb’s Handyman Service.  The process was in compliance with the Agency’s Procurement Policy to retain Lamb’s Handyman Service to do the work.  On a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, the Job Proposal for $795 was approved.

Next IDA Meeting
November 26, 2013 at 2:00 p.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Schick, seconded by Mr. Toth, the meeting was adjourned at 4:40 p.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
November 26, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Canale, Kunzwiler, Rush, Schick, Sorbello and Toth

Absent/Excused:        None

Also Present:            Kevin C. Caraccioli, David S. Dano and L. Michael Treadwell

Chair Rush called the meeting to order at 2:00 p.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion by Mr. Sorbello, seconded by Mr. Toth, the minutes of the November 11, 2013 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Sorbello, the Financial Statements for the period ended September 30, 2013 were approved.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on November 16, 2013.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/corporation and individuals and on matters involving the performance review of the CEO and CFO, on a motion by Mr. Toth, seconded by Mr. Kunzwiler, it was approved to go into Executive Session at 2:30 p.m.

On a motion by Mr. Canale, seconded by Mr. Kunzwiler, the Executive Session ended at 3:25 p.m.

Wiltsie Construction Co., Inc.
Following a discussion and review of the financing application, on a motion by Mr. Schick, seconded by Mr. Sorbello, a resolution was adopted classifying the project as an unlisted action, declaring the County of Oswego IDA the Lead Agency for purposes of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the Wiltsie Construction Co., Inc. Project will not have a significant effect on the environment.  A copy of the Negative Declaration is on file at the Agency.

On a motion by Mr. Toth, seconded by Mr. Sorbello, the financial assistance for an equipment lease ($43,200) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Laser Transit, Ltd.
Following a discussion and review of the financing application, on a motion by Mr. Toth, seconded by Mr. Canale, a resolution was adopted classifying the project as an unlisted action, declaring the County of Oswego IDA the Lead Agency for purposes of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the Laser Transit, Ltd. Project will not have a significant effect on the environment.  A copy of the Negative Declaration is on file at the Agency. 

On a motion by Mr. Schick, seconded by Mr. Sorbello, the financial assistance for equipment ($83,500) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.


K&N’s Foods USA, LLC
Mr. Treadwell reported on the status of the project.  Over 30 have been employed of which 40% are former BirdsEye workers.  Reviewed the employment incentive being provided that is a redirection of Canal Corridor funding.  A Grand Opening is being planned for the first week in January, 2014.

Economic Development Initiative
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the IDA Board adopted a resolution authorizing the transfer of $500,000 from the Agency’s General Fund to Operation Oswego County, Inc. for the purposes of supporting an economic development project related to the former BirdsEye facility in Fulton, NY.

Mr. Schick voted nay.

PARIS Report
Mr. Treadwell reported that PARIS reporting for FY ended 7/31/13 was completed.

Governance Committee
Mr. Treadwell provided a reminder that the Governance Committee would meet prior to the next scheduled IDA meeting to finalize the Annual Board of Directors Evaluation for 2013.

CEO and CFO Performance Evaluations
The IDA Board members, including each member of the Governance Committee, conducted Performance Evaluations on the CEO and CFO in accordance with the provisions of the Public Authorities Law and the requirements of the NYS ABO.  The evaluations resulted in performance ratings for both officers in the “outstanding” range.  The specific evaluations will be reviewed with each officer by IDA Chair Rush at a date to be established.

FX Caprara
Mr. Treadwell reported that Eastern Shore Associates has been notified relative to the accident that occurred at the construction site.

The Fulton Companies
Mr. Treadwell reported that the company has created over 139 jobs, far exceeding the original projections of 71 for the first year after project completion.

Next IDA Meeting
December 19, 2013 at 2:00 p.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Toth, seconded by Mr. Kunzwiler, the meeting was adjourned at 3:48 p.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
December 19, 2013
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Canale, Kunzwiler, Rush, Schick, Sorbello and Toth

Absent/Excused:        None

Also Present:             Kevin C. Caraccioli, David S. Dano and L. Michael Treadwell

Vice Chair Toth called the meeting to order at 2:00 p.m. at the offices of the County of Oswego IDA in Oswego, NY.

APPROVAL OF MINUTES
On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the minutes of the November 26, 2013 meeting were approved.

TREASURER’S REPORT
No report.

NOTICE OF MEETING
Meeting notices were posted at the Oswego County Building, the IDA Office Building, and on the IDA website.  A notice was published in The Palladium Times on December 4, 2013.

Executive Session
Vice Chair Toth reported that due to matters involving the financial history of a business/corporation and individuals, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, it was approved to go into Executive Session at 2:15 p.m.

On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the Executive Session ended at 2:45 p.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended November 30, 2013.  Due to the closure of The Wall Climbing Center and potential bankruptcy, it was agreed that a full evaluation of all options that could be utilized to minimize and protect the Agency’s interest should be considered.  Mr. Caraccioli reported that the refinancing documents for St. Peters Outfitter had been signed.  A discussion was held on securing collateral associated with the Affordable Home Inventory project.

Riverview Automotive, LLC
Following a discussion and review of the financing application, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, a resolution was adopted classifying the project as an unlisted action, declaring the County of Oswego IDA the Lead Agency for purposes of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the Riverview Automotive Project will not have a significant effect on the environment.  A copy of the Negative Declaration is on file at the Agency.

On a motion by Mr. Schick, seconded by Mr. Sorbello, the financial assistance for machinery and working capital ($29,000) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Governance Committee
The Summary Report of the Annual Board of Directors Evaluation of Board Performance was reviewed, on a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, authorization was approved to submit the report to the NYS ABO.

Following a discussion, it was agreed that a review of the Agency’s goals should be conducted each year prior to the finalization of the Annual Report.

K&N’s Foods USA, LLC
Mr. Treadwell distributed a copy of the invitation for the inauguration ceremony to be held on January 3, 2014.  Mr. Sorbello discussed the plant tour that followed the Agency’s November 26, 2013 meeting.

86 State St. Phoenix, LLC
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, authorization was approved to amend documents that would be required due to the Straight Lease to allow the company to refinance.

Mr. Treadwell reported that the first floor commercial space is fully leased.

G&S Broadwell, Inc.
Following a discussion regarding delays in finalizing the build-out of the restaurant component of the Lake Ontario Event & Conference Center, on a motion by Mr. Schick, seconded by Mr. Canale, an extension of the Sales Tax Appointment Agent Status was approved through December 31, 2013.

Oswego Hamilton Homes Phase III, LLC
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, authorization was approved to execute a NYS Division of HCR Low Income Housing Credit Regulatory Agreement and a State Extended Low Income Housing Commitment and Regulatory Agreement.

Fulton Thermal Corp.
Following a discussion, on a motion by Mr. Canale, seconded by Mr. Schick, authorization was approved to execute an Amendment No. 3 to the General Security Agreement (COIDA $10 million Series 2010 Bonds) with M&T Bank.

CNY REDC
Mr. Treadwell provided a Round 3 Summary Report for projects in Oswego County that were approved for State funding.

Financial Institution Bond – USDA IRP Program
Following a discussion on the USDA requirements, on a motion by Mr. Canale, seconded by Mr. Kunzwiler, the renewal for the Financial Institution Bond with Traveler’s Insurance Co. was approved.

Next IDA Meeting
January 16, 2014 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Kunzwiler, seconded by Mr. Canale, the meeting was adjourned at 3:35 p.m.

Respectfully Submitted,

H. Leonard Schick
Secretary

 

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