IDA Minutes:

2014

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COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
January 16, 2014
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Canale, Rush, Schick, Sorbello and Toth

Absent/Excused:        Kunzwiler

Also Present:            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.

APPROVAL OF MINUTES
On a motion by Mr. Sorbello, seconded by Mr. Toth, the minutes of the December 19, 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 January 4, 2014.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/corporation and individuals, on a motion by Mr. Toth, seconded by Mr. Canale, it was approved to go into Executive Session at 9:08 a.m.

On a motion by Mr. Canale, seconded by Mr. Sorbello, the Executive Session ended at 9:30 a.m.

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

The Wall Climbing Center
Mr. Treadwell reported that NYBDC has requested, due to an intercreditor agreement, that all future debt service payments received by the Agency be sent to NYBDC.  Currently, no payments have been received.

Eis House, LLC
Following a discussion and review of the financing application, on a motion by Mr. Toth, 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 Eis House, 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. Canale, the financial assistance for ME, furnishings, inventory and working capital ($60,000) was approved.  A copy of the Financial Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Goals of the Agency
Following a review and discussion on the Goals of the Agency, it was agreed that the Goals currently in place should all remain.  The following adjustments were recommended for consideration for inclusion when the next Annual Report is prepared:  (1) emphasis added for regional cooperation, (2) importance of multiplier economic impact for projects, and (3) enhancement of media and educational outreach.

Counsel of Development Finance Agencies
On a motion by Mr. Schick, seconded by Mr. Canale, membership renewal was authorized for 2014.

CNY Raceway Park
Mr. Treadwell reported that the Draft Environmental Impact Statement has been completed and filed with the Town of Hastings.  The January 7, 2014, public hearing on the DEIS went smoothly.

Annual Board of Directors Evaluation of Board Performance
The revised report representing responses from all Agency members was distributed and has been filed with the NYS ABO.

IDA IRP Loan Program
Following a review of the revisions for the IRP Loan Program Application, on a motion by Mr. Canale, seconded by Mr. Schick, the revised Application was approved.

Eagle Beverage Company, Inc.
Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Schick, an extension of the Temporary Sales Tax Appointment Agreement and Appointment Letter were approved to cover the period December 30, 2013 to March 1, 2014.

Murphy’s Automotive Solutions
Following a discussion and due to technical issues related to an IRP Loan, on a motion by Mr. Toth, seconded by Mr. Canale, a financing modification was approved to make the $40,000 loan from the PILOT EDF instead of the IRP EDF.

SAM North America
Mr. Treadwell reported that the Board was invited to the company’s ribbon cutting ceremony to be held January 21, 2014.

Next IDA Meeting
February 10, 2014 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Canale, seconded by Mr. Schick, the meeting was adjourned at 10:50 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary

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COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
February 10, 2014
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                      Canale, Rush, Schick and Sorbello

Absent/Excused:        Kunzwiler and Toth

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.

APPROVAL OF MINUTES
On a motion by Mr. Sorbello, seconded by Mr. Canale, the minutes of the January 16, 2014 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Sorbello, the Financial Statements for the period ended October 31, 2013 and November 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 January 29, 2014.

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. Canale, it was approved to go into Executive Session at 9:10 a.m.

On a motion by Mr. Canale, seconded by Mr. Schick, the Executive Session ended at 10:05 a.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended January 31, 2014.

On a motion by Mr. Canale, seconded by Mr. Sorbello, the purchase offer made by Mr. Noel Reynolds to buy the repossessed 1989 Camaro (collateral for a loan to Robin Fodora/Affordable Home Inventory) was accepted.

Sithe/Independence Power Partner, L.P.
Mr. Treadwell reported that the company will be paying an additional 10% due to the Performance Based Incentive in the PILOT Agreement.

Stick-N-Stack Country Wood Products
Following a discussion and review of the financing application, on a motion by Mr. Canale, seconded by Mr. Schick, a resolution was adopted classifying the project a 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 Stick-N-Stack Country Wood Products 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. Canale, the financial assistance for M&E and working capital ($58,000) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Since the borrower is a County Legislator, a review by the County’s Board of Ethics will be requested.

QMP Enterprises, Inc./High Strain Dynamics
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 QMP Enterprises, Inc./High Strain Dynamics 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. Canale, seconded by Mr. Sorbello, the financial assistance for M&E and working capital ($70,000) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

COIDA Appointment of Member
Due to the absence of two members, the discussion was deferred to a future meeting.

607 Phillips Street Acquisition, LLC/K&N’s Foods USA
Mr. Treadwell reported that the Agency had billed the company for its first installment of the Agency’s Administrative Fee and the company had paid it.  The invoicing was in error, the first installment is due in 2016.  It was agreed that the payment is to be refunded.

Moet Properties, Ltd.
Following a discussion, it was approved to accept the application cancelation request and authorization was approved to refund the application fee.

HUD CDBG
On a motion by Mr. Canale, seconded by Mr. Schick, authorization was approved to return interest for 2013 in the amount of $1,696.43.

USDA IRP Loan Program
Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Schick, a request to USDA for a three-year extension for the IRP Loan Program was authorized.

Tavern on the Lock
Following a discussion, on a motion by Mr. Canale, seconded by Mr. Schick, a 5-month deferment on the loan was approved.

Altmar Genesee LLC/Tailwater Lodge
Following a summary by Mr. Caraccioli, on a motion by Mr. Schick, seconded by Mr. Canale, a resolution consenting to the mortgage, approving a mortgage, tax exemption, and authorizing an officer to sign all necessary documents with respect to the Altmar Genesee LLC project were approved.  A copy of the Mortgage Modification Resolution is attached and made an official part of the minutes.

V-Squared Management, LLC/Kallet Theater
Following a review of the request, on a motion by Mr. Sorbello, seconded by Mr. Schick, the extension of the IDA Appointment of Project Operator or Agent was approved and extended to June 30, 2014.

Next IDA Meeting
March 11, 2014 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Schick, seconded by Mr. Sorbello, the meeting was adjourned at 10:35 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary

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COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
March 11, 2014
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Canale, Schick, Sorbello and Toth

Absent/Excused:        Kunzwiler and Rush

Also Present:            Kevin C. Caraccioli, David S. Dano 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. Sorbello, seconded by Mr. Canale, the minutes of the February 10, 2014 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Canale, the Financial Statements for the period ended December 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 February 25, 2014.

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. Canale, seconded by Mr. Sorbello, it was approved to go into Executive Session at 9:08 a.m.

On a motion by Mr. Sorbello, seconded by Mr. Canale, the Executive Session ended at 10:25 a.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended February 28, 2014.

Mr. Caraccioli reported that the pending purchase of the 1993 Camaro was canceled by Mr. Noel Reynolds and he has provided the keys and title.  It was agreed that a review of disposition options would be evaluated.

Stick-N-Stack Country Wood Products
On a motion by Mr. Schick, seconded by Mr. Canale, the request by the company to cancel the PILOT EDF loan was approved.

Sunoco, Inc.
Following a discussion regarding ongoing development costs associated with improvements and equipping of the ethanol plant, on a motion by Mr. Sorbello, seconded by Mr. Schick, a resolution was approved approving the request for an extension of the Sales Tax Appointment through December 31, 2014, subject to compliance with the GML.  A copy of the Approving Resolution is attached and made an official part of the minutes.

COIDA Appointment of Member
Due to the absence of two members, the discussion was deferred to a future meeting.

Geo Hotel, Inc./Water Park Project
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Canale, 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.

USDA IRP Loan Program
Mr. Treadwell reported that the 3-year extension request was filed on February 24, 2014 and the request has been approved.

Conflict of Interest Policy
The Conflict of Interest Policy was reviewed.  On a motion by Mr. Sorbello, seconded by Mr. Toth, 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.

Seaway Lofts Associates, LLC
Mr. Caraccioli reviewed the mortgage modification regarding the Housing Trust Fund Mortgage and the associated Subordination Agreement, Mortgage and Regulatory Agreement.  Counsel was requested to review potential cross corporate guarantees of the borrowers.  On a motion by Mr. Schick, seconded by Mr. Sorbello, a resolution was approved approving the Agency’s participation in a mortgage and security agreement, a regulatory agreement and a subordination agreement at the request of the company in connection with permanent financing on 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.

SAM North America
Mr. Treadwell reported that a letter to the Consulate General of the Embassy of the United States of America in Malaysia was sent to support the company’s invitation to customers from Daibochi Plastic and Packaging Industrial Berhad to visit SAM NA in Oswego County.

Riverview Automotive, LLC
On a motion by Mr. Schick, seconded by Mr. Sorbello, the request by the company to cancel the PILOT EDF loan was approved.

Grossman St. Amour CPAs, PLLC
Following a review of the Engagement Letter for the Agency’s Audit FY Ending 7/31/14, on a motion by Mr. Canale, seconded by Mr. Schick, authorization was approved to accept and execute the Engagement Letter dated March 4, 2014.

Daisy Land Real Estate, LLC
Following a review of a proposed purchase offer for 2 acres at the Columbia Mills site to develop a professional dental office, on a motion by Mr. Canale, seconded by Mr. Schick, authorization was approved to negotiate and finalize the language in an acceptable purchase offer.

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

Novelis Corporation
Mr. Caraccioli reported that the Agency was given notice of a potential claim associated with a construction related accident.

Next IDA Meeting
April 2, 2014 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Schick, seconded by Mr. Sorbello, the meeting was adjourned at 11:25 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary

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COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
April 2, 2014
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Canale, Kunzwiler, Schick, Sorbello and Toth

Absent/Excused:        Rush

Also Present:            Kevin C. Caraccioli, David S. Dano 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. Sorbello, seconded by Mr. Kunzwiler, the minutes of the March 11, 2014 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Canale, the Financial Statements for the period ended January 31, 2014 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 19, 2014.

Delinquent Loan Report
No Report.

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. Canale, seconded by Mr. Kunzwiler, it was approved to go into Executive Session at 9:10 a.m.

On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the Executive Session ended at 9:45 a.m.

Kenneth Joseph Green, LLC/Senior Housing Project
Following a discussion, 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 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.

Daisy Land Real Estate, LLC
Mr. Caraccioli provided an update regarding the negotiations on the acquisition of a 2-acre site at Columbia Mills.  The project would require complying with subdivision regulations and would require a zone change to Commercial/Business from the current Industrial zoning.

Columbia Mills
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, authorization was approved to request from the Town of Minetto a zone change from I to C/B for land that fronts Route 48 to allow for a mix-use development.

Seaway Lofts Associates, LLC
Following a discussion, on a motion by Mr. Canale, seconded by Mr. Sorbello, a resolution was approved approving the First Amendment to Agency Lease and waiving certain requirements thereof in connection with the Permanent Financing on the project facility and authorizing the execution and delivery of certain documents in connection therewith.  A copy of the Resolution is attached and made an official part of the minutes.

Novelis Corporation
Mr. Caraccioli provided an update on the claim associated with a construction related accident.

McIntosh Properties, LLC
Mr. Treadwell reported that the company has withdrawn its request for an extension to the Sales Tax Appointment.

Southern Graphic Systems, LLC
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, 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 exemptions from real property tax and state and local 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.  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. Schick, 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. 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.

Federal Camp Tax Reform Act of 2014
Mr. Treadwell reported on proposed legislation that would have had a negative impact on all forms of tax-exempt financing.  At this time, the legislation is not advancing.

Holiday Inn Express
A discussion was held on the project that has been reactivated.

Next IDA Meeting
April 23, 2014 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the meeting was adjourned at 10:30 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
April 23, 2014
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 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. Kunzwiler, seconded by Mr. Sorbello, the minutes of the April 2, 2014 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 April 9, 2014.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/organization and individuals, on a motion by Mr. Toth, seconded by Mr. Kunzwiler, it was approved to go into Executive Session at 9:05 a.m.

On a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, the Executive Session ended at 10:20 a.m.

Delinquent Loan Report
Mr. Treadwell reviewed the report for the period ended March 31, 2014.

Kenneth Joseph Green, LLC/Senior Housing Project
Following a discussion and review of the financing application, on a motion by Mr. Toth, seconded by Mr. Kunzwiler, a resolution was adopted classifying the project as a Type II 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 Kenneth Joseph Green, 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 renovations and M&E ($200,000) 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. 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 exemptions from State and local sales and use tax and mortgage recording tax and a loan from the Agency’s economic development fund in an amount not to exceed $200,000; 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. Canale, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a 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.

COIDA Appointment of Member
A discussion was held relative to the vacancy associated with Jonathan Daniels.

Daisy Land Real Estate, LLC
A discussion was held relative to a request to the Town of Minetto for a zone change from Industrial to Commercial for a section of the Columbia Mills site.

Oswego County Industrial Park/StartUp NY
Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Canale, an option with SUNY Oswego for property at the OCIP for purposes of the StartUp NY program was adopted and authorization was approved for counsel and the CEO to negotiate final terms and conditions for the option.

Ms. Rush recused from the vote.

Branch Development/Holiday Inn Express
Mr. Treadwell reported that revisions were being made to the original application that was held up due to litigation over zoning.  Mr. Caraccioli reported that the litigation was resolved.

Felix Schoeller North America
Following a discussion regarding another expansion at the plant, on a motion by Mr. Toth, seconded by Mr. Canale, the CEO was authorized to report to the Company that the Agency would consider a $200,000 loan and training assistance up to $36,000 in cooperation with Operation Oswego County, Inc.

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. Toth, 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.

Administrative Fee for Straight Lease Transactions
Following a review of fees being assessed by other IDAs, on a motion by Mr. Canale, seconded by Mr. Schick, the Agency’s Administrative Fee adjustment from 0.50% to 0.75% was approved effective immediately.

Next IDA Meeting
May 14, 2014 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Kunzwiler, seconded by Mr. Schick, the meeting was adjourned at 10:35 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
May 14, 2014
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Canale, Kunzwiler, Rush, Sorbello and Toth

Absent/Excused:        Schick

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.

APPROVAL OF MINUTES
On a motion by Mr. Toth, seconded by Mr. Canale, the minutes of the April 23, 2014 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Sorbello, seconded by Mr. Canale, the Financial Statements for the period ended February 28, 2014 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 30, 2014.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/organization and individuals, and litigation, on a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, it was approved to go into Executive Session at 9:05 a.m.

On a motion by Mr. Toth, seconded by Mr. Kunzwiler, the Executive Session ended at 9:45 a.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended April 30, 2014.

On a motion by Mr. Sorbello, seconded by Mr. Canale, the debt balance for Lenway/Fluttering Gardens was capped at $3,246 without any accumulating interest.

The reclaimed collateral (1989 Camero) associated with Robin Fodora/Affordable Home Inventory, on a motion by Mr. Toth, seconded by Mr. Kunzwiler, was approved to be donated to the Oswego County BOCES subject to BOCES Board approval.

Mr. Caraccioli reported that due to the filing of a Chapter 13 reorganization bankruptcy action by Virginia Weaver, the Agency should begin to receive payment associated with the Rural Bolt project.

Budget Reports
Following a review, on a motion by Mr. Kunzwiler, 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.

Included and approved in the Projected Revenues and Expenses Budget Report for 8/1/14 – 7/31/15 included a $25,000 increase for professional services for administration with Operation Oswego County, Inc. of $245,000.

COIDA Appointment of Member
The discussion was postponed to the next Agency meeting.

SUNY Oswego – StartUp NY
Mr. Treadwell reported that an option on property at the Oswego County Industrial Park was not needed.

Properties involving the Agency that were included for future projects were:  Oswego County Industrial Park, Lake Ontario Industrial Park and the 60,000 sf building located at 193 East Seneca St. in the City of Oswego.

Felix Schoeller North America, Inc.
On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, authorization to hold a public hearing was approved.

Following a discussion and review of the financing application, on a motion by Mr. Canale, 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 Felix Schoeller, NA 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. Kunzwiler, the financial assistance for M&E and installation ($200,000) 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, it was approved to provide training assistance in cooperation with Operation Oswego County, Inc.

Incubator Project
On a motion by Mr. Toth, seconded by Mr. Canale, authorization was approved to submit a CFA application for funding to conduct a feasibility study for an incubator project.

Rohauer vs. COIDA/Novelis Project
Following a review provided by Mr. Caraccioli, on a motion by Mr. Canale, seconded by Mr. Sorbello, consent to change Agency’s attorney relative to this matter from the Sugarman Law Firm to Robert A. Barrer, Esq. of Hiscock & Barclay, LLP was approved.

Operation Oswego County, Inc.
Mr. Treadwell reported that OOC’s 2014 Annual Meeting will be held on June 10, 2014 at SUNY Oswego.

Application for Financial Assistance
Following a review, on a motion by Mr. Kunzwiler, seconded by Mr. Canale, the revised and updated Application for Financial Assistance for Bond Financing and Straight Lease Transaction projects was approved and authorized for placement on the Agency’s website.

Columbia Mills
Mr. Caraccioli reported that the request to the Town of Minetto for a zone change for 8.5 acres from Industrial to Commercial was submitted on May 12, 2014.

Novelis Corporation
Following a discussion, on a motion by Mr. Toth, seconded by Mr. Canale, amendments to the PILOT Agreements for the Scrap Recycling and HAWK projects to a 2016 start date for the UTEP schedule instead of 2015 was approved.

Hardwood Transformations, Inc.
Following a discussion, on a motion by Mr. Toth, seconded by Mr. Kunzwiler, a restructuring and consolidation of the Sure-Lock debt and the purchased equipment lease was approved.

Uniforms ETC, LLC
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 Uniforms ETC, 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. Canale, seconded by Mr. Kunzwiler, the financial assistance for equipment ($13,000) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

Next IDA Meeting
June 4, 2014 at 3:00 p.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Toth, seconded by Mr. Sorbello, the meeting was adjourned at 9:55 a.m.

Respectfully Submitted,

L. Michael Treadwell
Chief Executive Officer


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
June 4, 2014
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                      Canale, Rush, Schick, Sorbello and Toth

Absent/Excused:        Kunzwiler

Also Present:            Kevin C. Caraccioli, Scott Chatfield, David S. Dano, Greg Rigby 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 May 14, 2014 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, 2014 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 22, 2014.

Delinquent Loan Report
Deferred to the next meeting.

Huhtamaki
Deferred to the next meeting.

Uniforms Etc., LLC
Mr. Treadwell reported that the company has decided to lease the equipment.  On a motion by Mr. Schick, seconded by Mr. Canale, the PILOT EDF Loan for $13,000 was canceled.

COIDA Appointment of Member
Deferred to the next meeting.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/organization and individuals, and pending legal matters, on a motion by Mr. Sorbello, seconded by Mr. Canale, it was approved to go into Executive Session at 3:15 p.m.

On a motion by Mr. Toth, seconded by Mr. Schick, the Executive Session ended at 4:30 p.m.

CNY Raceway Park
An update on the status was provided by Mr. Rigby and Mr. Chatfield.

Canadian Manufacturing Prospect
On a motion by Mr. Schick, seconded by Mr. Canale, the proposed incentive package discussed in the Executive Session was approved to be presented to the company.

Geo Hotel Co., Inc.
On a motion by Mr. Toth, seconded by Mr. Canale, the concept of a temporary PILOT extension was tabled.

Branch Development Oswego, LLC
Mr. Treadwell reported that a revised application had been received for Financial Assistance and it was being reviewed.  The company also has interest in a SBA 504 loan through Operation Oswego County.

Governance Committee
A meeting to review the Code of Ethics was scheduled for 8:45 a.m. on June 16, 2014.

Finance Committee
Chair Rush appointed the following IDA members to serve on the Finance Committee:  Canale, Kunzwiler, Rush, Schick, Sorbello and Toth.

Office of the NYS Comptroller – Annual Performance Report
Deferred to the next meeting.

Columbia Mills
Mr. Caraccioli reported that a public hearing will be held by the Town of Minetto on June 9, 2014 on the zoning change.  A Town Board vote may take place to approve the zone change from Industrial to Commercial for 8.5 acres on that day.  The subdivision application process would then begin to separate off 2 acres for the potential business.

Mr. Treadwell briefly reviewed additional interest by a developer for a retail project.

S.6870 (Savino) Proposed Legislation
Following a review of the proposed legislation, on a motion by Mr. Toth, seconded by Mr. Canale, authorization was approved to oppose the proposed legislation and to notify the appropriate State elected officials accordingly.

Hardwood Transformations, Inc.
Mr. Treadwell reported that the restructuring of the former Sure-Lock Industries debt and the sale of equipment to Hardwood Transformations, Inc. had been consolidated and closed.  In addition, the lease of the building is now also with Hardwood Transformations, Inc.

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

ADJOURNMENT

On a motion by Mr. Canale, seconded by Mr. Sorbello, the meeting was adjourned at 5:05 p.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
June 16, 2014
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 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 June 4, 2014 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 June 7, 2014.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/organization and individuals, and pending legal matters, 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. Sorbello, seconded by Mr. Canale, the Executive Session ended at 10:55 a.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ending May 31, 2014.

Huhtamaki
Following a review of the Company’s request dated May 19, 2014, for an extension to its existing PILOT Agreement and a review of its recent history and future projections of capital expenditures at the Fulton plant, on a motion by Mr. Toth, seconded by Mr. Schick, approval to extend the PILOT terms for an additional three (3) years to 2025 was authorized.

COIDA Appointment of Member
Following a discussion, Chair Rush requested that names of potential candidates be submitted to the CEO prior to the next Agency meeting.  Mr. Caraccioli emphasized the importance of the “Independent” status of the next new member.

Office of the NYS Comptroller – 2012 Annual Performance Report
Mr. Treadwell provided a statistical analysis of the COIDA Performance Comparison for 2012 based on the data contained in the 2012 NYS Comptroller’s Annual Performance Report on New York State IDAs.  Attached and made an official part of the minutes is the COIDA Performance Comparison – 2012.  The CEO was authorized to report a summary of these favorable statistics to appropriate committees and media releases.

Fulton Thermal Corporation
Following a review of the June 13, 2014 request from The Fulton Companies regarding an expansion of its R&D Center at the 972 Centerville Road site in the Town of Richland, on a motion by Mr. Toth, seconded by Mr. Schick, consent to proceed with the construction of an 8,000 sf addition to the project originally financed with COIDA Private Activity Bonds was approved.

M&A Holdings, LLC/The Gardens by Morningstar
Following a discussion on the project and COIDA financial assistance, 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 the Company constitutes a project; describing the financial assistance requested in connection therewith and authorizing a public hearing.  The resolution amends the Initial Resolution approved on September 4, 2013.  A copy of the amended Initial Resolution is attached and made an official part of the minutes.

On a motion by Mr. Kunzwiler, seconded by Mr. Canale, the PILOT schedule to be included in the Deviation Letter to taxing authorities as amended was approved for notification purposes.  Mr. Schick voted nay.

Branch Development Oswego, LLC/Holiday Inn Express
Following a discussion regarding a PILOT Deviation for the project, authorization was approved to draft a proposed schedule for further consideration.

Geo Hotel, Inc./Quality Inn Water Park
Mr. Caraccioli reported that the existing PILOT contract does not provide for a provision for an extension.

Code of Ethics/Governance Committee
The Governance Committee reported that they had reviewed the Code of Ethics that was adopted on August 16, 2012, and recommended the following change:  change “Executive Director” to “Chief Executive Officer.”  On a motion by Mr. Schick, seconded by Mr. Canale, a resolution was approved amending the Code of Ethics as recommended by the Governance Committee.  A copy of the amended Code of Ethics is attached and made an official part of the minutes.

FX Caprara/W&C, LLC
Mr. Caraccioli reviewed the request for a partial discharge of the mortgage and lease associated with the entrance road that will become a Village of Pulaski street.  Mr. Treadwell stated that this was always part of the overall development plan.  On a motion by Mr. Schick, seconded by Mr. Canale, authorization to do a partial discharge of the mortgage and lease was approved.  A copy of the Resolution is attached and made an official part of the minutes.

Next IDA Meeting
July 8, 2014 at 9:00 a.m. was scheduled.

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
July 8, 2014
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Canale, Kunzwiler, Rush, Schick and Toth

Absent/Excused:        Sorbello

Also Present:            George A. Broadwell, Kevin C. Caraccioli, David S. Dano 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. Canale, seconded by Ms. Rush, the minutes of the June 16, 2014 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Canale, the Financial Statements for the period ended April 30, 2014 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 21, 2014.

Executive Session
Vice Chair Toth reported that due to matters involving the financial history of a business/organization and individuals, and pending legal matters, on a motion by Mr. Kunzwiler, seconded by Mr. Canale, it was approved to go into Executive Session at 9:15 a.m.

On a motion by Mr. Canale, seconded by Mr. Kunzwiler, the Executive Session ended at 11:35 a.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended June 30, 2014.

Geo Hotel/Quality Inn Water Park Project
Mr. Broadwell provided a presentation on the status of the project.

Fulton Animal Hospital, LLC
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 purposes of an uncoordinated review pursuant to the SEQRA and determining that the financial assistance for the Fulton Animal Hospital, 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. Kunzwiler, seconded by Mr. Schick, the financial assistance for property acquisition ($74,880) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

M&A Holdings, LLC/The Gardens by Morningstar
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 a Type II 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 M&A Holdings, 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. Kunzwiler, seconded by Mr. Sorbello, the financial assistance for renovations and M&E ($300,000) was approved subject to the completion of satisfactory underwriting.  A copy of the Financial 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 authorizing undertaking the acquisition, renovation and equipping of a certain project, appointing the Company Agent of the Agency for the purpose of the acquisition, renovation and equipping of the project; approving financial assistance in the form of exemptions from real property tax, state and local sales and use tax and mortgage recording tax and a loan from the Agency’s economic development fund 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. Canale, 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. Schick, seconded by Mr. Kunzwiler, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a 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.

NYS Office of the State Comptroller
Mr. Treadwell reported that the scheduled audit for the period August 1, 2012 to May 31, 2014 will begin with an entrance conference on July 9, 2014.

COIDA Appointment of Member
A list of potential candidates was created from input by members of the IDA Board and will be reviewed in order to make suggestions for consideration by the County Legislature.

Hotel Projects
Following a discussion relative to deviating from the UTEP for future hotel projects and significant hotel expansions, on a motion by Mr. Canale, seconded by Mr. Kunzwiler, a set of guidelines was adopted.  A copy of the Guidelines for Hotel Projects PILOT Deviation is attached and made an official part of the minutes.

Eagle Beverage/MDDO, LLC
Following a discussion and due to the delay in completing the project, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, an amendment to the PILOT Agreement to a 2016 start date for the UTEP schedule instead of 2015 was approved.

Mr. Canale recused from the vote.

Annual Administrative Fee – 2014
Mr. Treadwell provided a status report on receipts for the 2014 COIDA Annual Administrative Fee.

Next IDA Meeting
August 11, 2014 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Schick, seconded by Mr. Canale, the meeting was adjourned at 11:50 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
August 11, 2014
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                       Kunzwiler, Rush, Schick and Toth

Absent/Excused:        Canale and Sorbello

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.

APPROVAL OF MINUTES
On a motion by Mr. Kunzwiler, seconded by Mr. Toth, the minutes of the July 8, 2014 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, 2014 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 21, 2014.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/organization and individuals, and pending legal matters, on a motion by Mr. Kunzwiler, seconded by Mr. Toth, it was approved to go into Executive Session at 9:06 a.m.

On a motion by Mr. Toth, seconded by Mr. Schick, the Executive Session ended at 9:55 a.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended July 31, 2014.

Mr. Caraccioli reported that the donation of the 1989 Camaro to BOCES had been accepted for use in their automotive repair class.

COIDA Appointment of Member
Following a discussion, a list of potential candidates were narrowed down to three for possible suggestions for consideration by the County Legislature.

Branch Development Oswego, LLC/Holiday Inn Express
Following a discussion on the Deviation from the UTEP for Hotel Project Guidelines and recognizing that a request for a 20-year PILOT would be a deviation, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, the CEO was authorized to send the Notification Letter to all involved taxing authorities regarding consideration of the UTEP deviation using the 20-year PILOT schedule for manufacturing projects.

Mr. Treadwell reported that a public hearing on the project would be held on August 12, 2014.

ESDC Notification of Initial Allocation – 2014
Mr. Treadwell reported that the 2014 allocation was $4,056,261.  Attached and made an official part of the minutes is a copy of the Notification of Initial Allocation dated July 8, 2014.

Columbia Mills Site
Mr. Caraccioli reported that the Zone change from Industrial to Commercial (B1 District) for 8.5 acres had been approved.  The subdivision for 2 acres for the Daisy Land Real Estate project is in process and a public hearing will be held on August 18, 2014.

NYS Office of the State Comptroller
Mr. Treadwell provided a brief update on the audit that is underway for the period August 1, 2012 to May 31, 2014.

Application for the IDA EDF Program
Following a review of the revisions made to the application, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, the revised and updated application was approved.

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

ADJOURNMENT

On a motion by Mr. Toth, seconded by Mr. Schick, the meeting was adjourned at 10:30 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
September 9, 2014
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, L. Michael Treadwell, George A. Broadwell,
                               Frank Conaway, Jr., Brian Monette, Bruce Monette, Nathan Race, Chris LaBarge,
                               Bill Gregway, and Jake Restuccio

Chair Rush called the meeting to order at 9:10 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. Toth, the minutes of the August 11, 2014 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Kunzwiler, the Financial Statements for the period ended June 30, 2014 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 20, 2014.

Public Comments
Chair Rush opened the meeting for public comments regarding any items on the agenda.  Mr. Caraccioli established guidelines for comments and a limit of 5 minutes for each person.  Mr. Caraccioli read a letter dated September 5, 2014, from Mayor Thomas W. Gillen of the City of Oswego in support of the proposed Branch Development Oswego, LLC/Holiday Inn Express project.  A copy of the letter is attached and made an official part of the minutes.  Mr. Caraccioli noted that interested persons are invited to make comments in the public session.  Those agenda items noted for Executive Session would be discussed accordingly, due to matters involving financial history of a business/organization and individuals, purchase contracts and pending legal matters.  He also noted that any action taken on any agenda item would be in public session.

Mr. Broadwell stated that he owns the existing hotels (Best Western and Quality Inn in Oswego).  They are sold out about 30-40 days per year.  His occupancy rate is 55-56%.  He stated that he has invested $500,000 in the clean-up of the site for the Hampton Inn which will have 70 rooms.  Noted that he was encouraged by the City to build on the brownfield site.  Stated that his market study done for M&T Bank showed that 2 new hotels with 150 rooms was not warranted.  Noted that the $500,000 IDA debt owed by the Best Western would be jeopardized if the hotels do not fly.  Expressed concern that demand is not sufficient.  Noted that the developers of the Holiday Inn Express project have no vested interest in Oswego and that the neighbors are against the project.  The Hampton Inn project improves the City because it is a brownfield clean-up project.  The Hampton Inn would be a catalyst for downtown development.  Stated that he has invested too much in the Hampton project to stop. Noted that Bayshore does 3 to 4 weddings per week and this would help to support the project also the Conference Center that helps to support the Best Western would be a plus for the Hampton project.

Mr. Brian Monette stated that he has a lot of friendships in the City of Oswego and that Holiday Inn Express recommended Oswego to them after their Malone project’s success.  He thanked Mr. Broadwell for sharing his thoughts.

Mr. Bruce Monette stated that the Mayor’s letter is “right on.”

Mr. LaBarge stated that they have been working with the City of Oswego and Operation Oswego County for the Holiday Inn Express project since 2011 and they look forward to bringing it to completion.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/organization and individuals, and pending legal and contractual matters, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, it was approved to go into Executive Session at 9:35 a.m.

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

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended August 31, 2014.  The proposed settlement offer reviewed in Executive Session for the Wall Climbing Center/Taber was rejected.

Branch Development Oswego, LLC/Holiday Inn Express
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Toth, action on the project was tabled.  Reasons were (1) request to review the updated 2014 market analysis which was immediately sent electronically, (2) time to review the personal financials of the developers, and (3) would schedule a meeting within one week to reconsider taking action on the project.

Daisy Land Real Estate, LLC
Mr. Caraccioli reported that all zoning changes have been approved for the 8.5 acres at the Columbia Mills site along with the subdivision for 2 acres for this project.  At this time we are waiting for an executed purchase agreement.

Central New York Raceway Park
Mr. Treadwell reported that the Final Environmental Impact Statement was approved by the Town of Hastings and SEQRA has been completed.

Huhtamaki
Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, authorization was approved to modify the lease to mirror the term of the PILOT extension.

V-Squared Management, LLC/Kallet Theater
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Canale, the following action was approved:  (1) convert the $309,250 PILOT EDF bridge loan funded on July 26, 2012 to a 20-year term loan at 2.5% and (2) cancel the previously approved $170,000 PILOT EDF term loan approved on May 20, 2011.

Oswego County Opportunities
Following a discussion, on a motion by Mr. Toth, seconded by Mr. Sorbello, authorization was approved consenting to the subordination to Pathfinder Bank on IDA loans for the 10 George Street property in the City of Oswego and the 239 Oneida Street property in the City of Fulton.

Novelis Corporation/Project Hawk
Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, a resolution was approved approving the Agency’s execution and delivery of an Agency Agreement with the Company and approving the appointment by the Agency of Sub-Agents for the purpose of completing the project and benefitting from sales and use tax exemptions in connection therewith and authorizing the execution and delivery of certain documents all in connection therewith.  Attached and made an official part of the minutes is a copy of the Resolution.

SAM North America, LLC
Following a discussion, on a motion by Mr. Kunzwiler, seconded by Mr. Schick, the following Resolution was approved:

            WHEREAS, the Company advised that they will be adding an approximately 2,000 square foot addition on to the existing facility located at 31 County Route 59, in the Town of Schroeppel, NY Oswego County; and
            WHEREAS, the Company further advised that the addition will not cause the Company to exceed the amount of the exemption from sales and use tax previously awarded by the Agency; and
            WHEREAS, based on the Agency’s review of the information provided by the Company relative to the addition, the addition constitutes a Type II action under the SEQRA, and therefore no further environmental review is required; and
            THEREFORE, authorization to approve an extension of the Company’s sales tax appointment retroactive to July 31, 2014 and to December 31, 2015 in order to assist in the expansion and modification of the plant in the Oswego County Industrial Park to increase production capabilities was approved.

Next IDA Meeting
September 17, 2014 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Canale, seconded by Mr. Schick, the meeting was adjourned at 11:25 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
September 17, 2014
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, L. Michael Treadwell, George A. Broadwell,
                              Brian Monette, Bruce Monette, Chris LaBarge, Jim Restuccio, Chris Monette and
                              Mike Quenville.

Chair Rush called the meeting to order at 9:15 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. Canale, the minutes of the September 9, 2014 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Sorbello, the Financial Statements for the period ended July 31, 2014 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 10, 2014.

Public Comments
Chair Rush opened the meeting for public comments regarding any items on the agenda.  Chair Rush requested that comments be brief.

Mr. Broadwell stated he is developing the Hampton Inn project in the City of Oswego.  He noted that if the feasibility study for the Holiday Inn Express project stated that 150 more hotel units in Oswego was supported, he would be okay.  He noted that the Hampton Inn feasibility study is being done with M&T Bank and must be done in 12 months of loan closing.  Also stated that the qualifications of the consultants doing the feasibility study is important.  He expressed concern about empty rooms if both hotel projects are completed.

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

On a motion by Mr. Kunzwiler, seconded by Mr. Toth, the Executive Session ended at 10:45 a.m.

Branch Development Oswego, LLC/Holiday Inn Express
Following a discussion and review of the financing application, on a motion by Mr. Canale, seconded by Mr. Schick, a resolution was approved authorizing undertaking 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 exemptions from real property tax, state and local sales and use tax and mortgage recording tax and a loan from the Agency’s EDF in an amount not to exceed $350,000; 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.

On a motion by Mr. Schick, seconded by Mr. Kunzwiler, the financial assistance for machinery and equipment and furnishings ($250,000) was approved.  On a motion by Mr. Toth, seconded by Mr. Schick, the financial assistance for machinery and equipment and furnishings ($100,000) 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. Kunzwiler, 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. Canale, seconded by Mr. Schick, a resolution was approved authorizing the execution and delivery of certain documents by the Agency in connection with a 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.

Following the action on the Branch Development Oswego, LLC/Holiday Inn project, Chair Rush requested that IDA members, if they so choose, could explain their rational for the project.  Mr. Toth stated that he had received more phone calls on this project than any other prior projects.  He stated that following a review of the financials of the investors and the market analysis that he was comfortable with the project.  He did request that the company sit down with the neighbors and address their concerns and be a good neighbor and good partner and develop a good relationship with the neighborhood.  Mr. LaBarge stated that they would work with the neighborhood.  Mr. Sorbello stated that the amount of bed tax that the project would generate would be very important to helping to sustain and grow tourism in the County.  Mr. Canale stated after seriously considering every aspect of the project, he felt that in the long run it would be in the best interest of the community, would increase employment, grow the tax base, increase tourism and associated ancillary spending from dollars being brought into the County.  Mr. Kunzwiler and Mr. Schick noted that they were okay with the project.  Chair Rush stated that the project has created a lot of dialogue within the Board.  She noted that it appears to be solid based on the financials and a thorough review of the project and noted at this time it is the only hotel project that is on the Agency’s table.

Pavia Real Estate
Following a discussion on a potential significant retail development that has interest in a site at the Columbia Mills property in the Town of Minetto, counsel and the CEO were authorized to negotiate to identify and configure a workable site for the project.  It was noted that 8.5 acres have been rezoned for commercial use.

Daisy Land Real Estate, LLC
Mr. Caraccioli reported that there is no signed offer on a site at Columbia Mills in Minetto.  Counsel and the CEO were authorized to negotiate a workable solution whereby this project and the Pavia Real Estate project could both be accommodated.

Next IDA Meeting
October 8, 2014 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Kunzwiler, 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
October 8, 2014
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                            Canale, Schick, Sorbello and Toth

Absent/Excused:        Kunzwiler and Rush

Also Present:                 Kevin C. Caraccioli, David S. Dano 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. Sorbello, seconded by Mr. Canale, the minutes of the September 17, 2014 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 25, 2014.

Executive Session
Vice Chair Toth reported that due to matters involving the financial history of a business/organization and individuals, and pending legal and contractual matters, on a motion by Mr. Canale, seconded by Mr. Schick, it was approved to go into Executive Session at 9:05 a.m.

On a motion by Mr. Canale, seconded by Mr. Sorbello, the Executive Session ended at 10:15 a.m.

Selkirk Lighthouse & Marina, LLC
Following a discussion, on a motion by Mr. Canale, seconded by Mr. Sorbello, a resolution was approved determining that the acquisition, construction, reconstruction, 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.

Central New York Raceway Park, Inc.
Mr. Treadwell reported that revisions have been made to the application and a copy of a feasibility assessment has been received.  Counsel is reviewing relative to further action and additional information needed to address SEQRA as it relates to the larger project.

Design Hardwood Flooring CNY, Inc.
A discussion was held on the Start-Up NY application and the co-location of the new company in the Agency owned building that is being leased to Hardwood Transformations, Inc.  Approximately 18,200 sf would be leased to Design Hardwood Flooring CNY, Inc.  To participate in the StartUp NY program with SUNY Oswego, a MOU would be required between the COIDA and SUNY Oswego.  On a motion by Mr. Sorbello, seconded by Mr. Schick, authorization was approved to enter into a MOU subject to the review of counsel and the CEO.

Daisy Land Real Estate, LLC
The developers have terminated their proposed healthcare project for a site in the Columbia Mills site in the Town of Minetto.

Dearborn Land Investment, LLC/Dollar General
Following a discussion on interest in acquiring a 1.21 acre site at the Columbia Mills site in the Town of Minetto to develop a Dollar General Store, on a motion by Mr. Canale, seconded by Mr. Schick, authorization was approved to enter into a Real Estate Purchase Agreement for a 1.21 acre site with Dearborn Land Investment, LLC and to enter into a Commissions Agreement with Donovan Real Estate Services and Pavia Real Estate Services.

V-Squared Management, LLC/Kallet Theater
Following a discussion, on a motion by Mr. Schick, seconded by Mr. Canale, a modification was approved relative to the Intercreditor Agreement with the Central New York Enterprise Development Corporation.

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

120 St. Paul Street Property
Following a discussion on the change in the taxable status of the COIDA owned property in the City of Oswego, on a motion by Mr. Schick, seconded by Mr. Canale, authorization was approved to correct the error by filing a New York State Department of Taxation and Finance Office of Real Property Tax Service RP-554 Application for Corrected Tax Roll for the Year 2014.

Audit and Annual Report FY Ended 7/31/14
Discussion held on scheduling a meeting for the presentations.

The Wall Climbing Center
Following a review by Mr. Caraccioli, on a motion by Mr. Sorbello, seconded by Mr. Canale, the settlement plan proposal for a payoff amount in monthly installments to be shared on a prorata basis with the Oswego Community Development Office was approved.

McGillicuddy, 5863 Scenic Ave. in Village of Mexico
Following a discussion regarding Foreclosure Action by Fulton Savings Bank, authorization was approved for counsel to negotiate a settlement relative to the Intercreditor Agreement.

Next IDA Meeting
November 12, 2014 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Canale, seconded by Mr. Schick, the meeting was adjourned at 10:40 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
November 12, 2014
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 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. Toth, seconded by Mr. Canale, the minutes of the October 8, 2014 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Sorbello, the Financial Statements for the period ended August 31, 2014 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 28, 2014.

Audit Report for FY Ended 7/31/14
Mr. Beer of Grossman St. Amour, Certified Public Accountants, PLLC presented the Summary of the 2014 Audit Report Findings dated November 12, 2014.  A draft of the Financial Statements of the County of Oswego IDA was reviewed.  Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Canale, the Audit Report was approved.

Annual Report FY 8/1/13 – 7/31/14
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.

Start-Up NY/SUNY Oswego
Mr. Caraccioli reviewed the Affiliation Agreement that has been executed by the Agency.  It was noted that the Agreement was associated with a specific property owned by the Agency at 120 St. Paul St. in the City of Oswego.

Executive Session
Chair Rush reported that due to matters involving the financial history of a business/organization and individuals, and pending legal and contractual matters, on a motion by Mr. Canale, seconded by Mr. Sorbello, it was approved to go into Executive Session at 9:55 a.m.

On a motion by Mr. Canale, seconded by Mr. Sorbello, the Executive Session ended at 11:00 a.m.

120 St. Paul St. Property
Following a discussion on the change in the taxable status of the COIDA owned property from wholly exempt to taxable and options to modify and correct, on a motion by Mr. Canale, seconded by Mr. Sorbello, counsel was authorized to prepare a letter to the Mayor of the City of Oswego requesting a meeting to resolve the matter by November 19, 2014.  Authorization also included, if unresolved, to file an Article 78 action to contest the taxable status.

Rohauer Claim
Law suit was filed on September 11, 2014.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended October 31, 2014.

McGillicuddy’s Enterprise
Mr. Caraccioli reported that a settlement amount of $3,000 was received from Fulton Savings Bank due to the Intercreditor Agreement.

Mitchell Printing & Mailing
On a motion by Mr. Canale, seconded by Mr. Toth, it was approved to restructure the payout of the balance of loan P3011 ($6,833) to be $500 per month until paid in full.

Puddle Jumpers
On a motion by Mr. Canale, seconded by Mr. Sorbello, it was approved to defer P&I payments for loan M4457 for 6 months with payment to resume on March 1, 2015.

WiseBuys
On a motion by Mr. Canale, seconded by Mr. Sorbello, the proposed revision of the repayment plan for loan P425 was approved subject to a new confession of judgment being executed.

Rochester’s Cornerstone Group Ltd/Champlain Commons
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 constitutes a project; describing the final 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.

Mr. Treadwell also reported that the PILOT request would be a deviation from the Agency’s UTEP since the Company is looking for a 30-year PILOT.

Columbia Mills/Dollar General
Mr. Caraccioli reported that the purchase contract was fully executed.

Central NY Raceway Park, Inc.
Mr. Treadwell reported that a meeting has been organized with the SMTC to conduct transportation modeling necessary for the request for a “break-in-access” to I-81.

Next IDA Meeting
December 5, 2014 at 9:00 a.m. was scheduled.

ADJOURNMENT

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

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
December 5, 2014
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, L. Michael Treadwell and Dan Ulloa

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. Canale, the minutes of the November 12, 2014 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Kunzwiler, seconded by Mr. Schick, the Financial Statements for the period ended September 30, 2014 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 19, 2014.

Investment Policy
Mr. Treadwell reported that the Agency was in compliance with the collateral requirements for FY ended July 31, 2014.  On a motion by Mr. Toth, seconded by Mr. Kunzwiler, the Compliance Report was approved.

USDA IRP Loan Program/Scope of Work
Following a discussion regarding the USDA annual review of the IRP activity, the following recommendations to amend the Scope of Work were proposed:  (1) Increase eligible population limits to the new standard of 50,000; (2) Modify the requirement for at least 50% of Project Cost to be from “Non-Federal Sources” and (3) Expand the “Use of Loan Proceeds” for eligible project costs to include “Renovation” for 5 to 10 years term.  On a motion by Mr. Kunzwiler, seconded by Mr. Schick, authorization to amend the Scope of Work was approved.

USDA IRP Loan Program – Loan Loss Reserve
Following a discussion based on the USDA annual review of the Loan Loss Reserve requirements, on a motion by Mr. Schick, seconded by Mr. Canale, the following were approved:  (1) Authorization to establish a “Separate Restricted Loan Loss Reserve Account of $60,000” in order to be in compliance with USDA requirements and (2) Authorization to transfer $60,000 from the General EDF to create the account.

Administrative Services Agreement – Operation Oswego County, Inc.
Following a discussion, on a motion by Mr. Sorbello, seconded by Mr. Toth, the renewal and amendments for the Administrative Services Agreement with Operation Oswego County, Inc. for 2015 and 2016 were approved.

Executive Session
Chair Rush and Mr. Caraccioli reported that due to matters involving the financial history of a business/organization and individuals, and pending legal and contractual matters, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, it was approved to go into Executive Session at 9:35 a.m.

On a motion by Mr. Sorbello, seconded by Mr. Schick, the Executive Session ended at 11:25 a.m.

Delinquent Loan Report
Mr. Dano reviewed the report for the period ended November 30, 2014.  On a motion by Mr. Canale, seconded by Mr. Schick, authorization was approved to pursue legal action as per the Agency’s Delinquent Loan Policy regarding specific projects discussed in the Executive Session.

Tavern on the Lock
To obtain more detailed information on the pending tax foreclosure, no action authorized.

Champlain Commons
Mr. Treadwell reported that the project has been put on hold due to the inability of the company to complete SEQRA with the City of Oswego before the State’s deadline for their application for low income housing tax credits.

Riverview Business Park
Mr. Treadwell reported that there has been delays associated with the Canadian company’s decision to select a site for the paper project due to a push to keep the project in Canada.

120 St. Paul St. Property
On a motion by Mr. Schick, seconded by Mr. Sorbello, authorization was approved to make payment for the real property taxes as billed.

Lower Falls Development
On a motion by Mr. Canale, seconded by Mr. Schick, it was approved to defer P&I payments for PILOT Loan No. 291 for 4 months (January – April 2015) with payments to resume May 1, 2015.

Stevener Holdings, LLC
On a motion by Mr. Schick, seconded by Mr. Toth, the matters involving the partial release of premises and payment modifications were tabled.

Moet Properties, Ltd.
Following a discussion, on a motion by Mr. Toth, seconded by Mr. Canale, the application to the Agency was terminated without further action.

Next IDA Meeting
December 22, 2014 at 9:00 a.m. was scheduled.
January 14, 2015 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Toth, seconded by Mr. Schick, the meeting was adjourned at 11:35 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary


COUNTY OF OSWEGO INDUSTRIAL DEVELOPMENT AGENCY
December 22, 2014
IDA OFFICE BUILDING
44 W. BRIDGE ST.
OSWEGO, NEW YORK

PRESENT:                        Canale, Kunzwiler, Schick, Sorbello and Toth

Absent/Excused:         Rush

Also Present:             Kevin C. Caraccioli, David S. Dano 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. Sorbello, seconded by Mr. Kunzwiler, the minutes of the December 5, 2014 meeting were approved.

TREASURER’S REPORT
On a motion by Mr. Schick, seconded by Mr. Sorbello, the Financial Statements for the period ended October 31, 2014 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 December 9, 2014.

Executive Session
Vice Chair Toth and Mr. Caraccioli reported that due to matters involving the financial history of a business/organization and individuals, and pending legal and contractual matters, on a motion by Mr. Canale, seconded by Mr. Kunzwiler, it was approved to go into Executive Session at 9:10 a.m.

On a motion by Mr. Kunzwiler, seconded by Mr. Sorbello, the Executive Session ended at 10:45 a.m.

120 St. Paul Street
Following a discussion, Mr. Treadwell reported that the Oswego CSD taxes for 2014-15 had been paid.

Hardwood Transformations, Inc. and Designer Hardwood Flooring of CNY, Inc.
Following a discussion on utilizing a PILOT Agreement for both projects to establish through a PILOT Deviation and the filing of a 412-a a mechanism to provide for real property tax exemptions, on a motion by Mr. Schick, seconded by Mr. Kunzwiler, authorization was approved to schedule a Public Hearing and prepare a UTEP Deviation Notice to the involved taxing authorities in compliance with the Agency UTEP Policy.

On a motion by Mr. Schick, seconded by Mr. Kunzwiler, the CEO and Counsel were authorized to negotiate a lease rate for both companies whereby 10% of the lease would be the defined PILOT payment.

OOC Bride Loan
Following a discussion, Mr. Treadwell reported that the “Bridge Loan” in the amount of $25,000 associated with the NYS DOH Grant TM06676 for Lee Memorial Hospital, has been paid in full.

Counseling & Healing Arts of Oswego County, 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 Counseling & Healing Arts of Oswego County, 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. Canale, seconded by Mr. Kunzwiler, the financial assistance for real estate, renovations, F&F and M&E ($53,200) was approved.  A copy of the Financing Proposal Summary and Cost/Benefit Analysis is on file at the Agency.

The loan was approved subject to the SBA 504 application not being funded.
Price Chopper Incubator Project
Following a discussion, on a motion by Mr. Canale, seconded by Mr. Schick, authorization was approved for the CEO and Counsel to negotiate an option to acquire the property.

CFA Round 4 Results
Mr. Treadwell provided a summary of projects in Oswego County that were awarded funding in the REDC CFA Round 4 Awards.  A copy of the 2014 Regional Economic Development Council Awards for Oswego County is attached and made an official part of the minutes.

Next IDA Meeting
January 14, 2015 at 9:00 a.m. was scheduled.

ADJOURNMENT

On a motion by Mr. Sorbello, seconded by Mr. Kunzwiler, the meeting was adjourned at 10:50 a.m.

Respectfully Submitted,

H. Leonard Schick
Secretary

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