PRESENT:

___MIKE FITZGERALD, CHAIRMAN
___SUE COLLINS, VICE CHAIRMAN
___DR. GREG TRUCKENMILLER, TREASURER
___JOSEPH GILLIS, SECRETARY
___JOSEPH SEMIONE, MEMBER
___DAVID D’AMORE, MEMBER
___DAN ROUNDS, MEMBER
___JAMES MRAZ, EXECUTIVE DIRECTOR
___KARA LAIS, FITZGERALD, MORRIS, BAKER, FIRTH PC
___SCOTT HENZE, PLANNING DIRECTOR
___TOM ROEHL, LIASON ECONOMIC DEVELOPMENT &       ENVIRONMENT COMMITTEE
___ TERRI EASTERLY, FULTON COUNTY CENTER FOR REGIONAL GROWTH

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A. Nominating Committee

• No report.

B. Audit Committee:

• Monthly Bank Reconciliation Report:  Dave D’Amore

C. Governance Committee:

• No report.

D. Finance Committee:

•  No report.

1. FCCRG Report: Terri Easterly (See attached.)
2. Fulton County Report: Tom Roehl

• Nexus is waiting for Moratorium to expire so it can file an application for a new Special Use Permit (SUP).

IDA DISUSSION:

• MRB is scheduled to present the final Development Strategy to the Board of Supervisors at its November 12, 2024 meeting

IDA DISCUSSION:

• 1. Scope of Work
  • Perform customer Development interviews
  • Audit existing websites
  • Define Target Audience
  • Prepare plan to drive traffic and what users are searching for

   

   

  • Proposal
  • The Group asked Emery Design for a cost proposal to perform the work tasks shown above for the Website Research Project.
  • The four (4) partner agencies were asked to consider making a contribution toward the cost of this Project.
    • FMRC of C & FMS Workforce Solutions advised that they do not have funds to contribute towards the Project.
    • Fulton County Visitors Bureau is willing to make a contribution.
    • FCCRG wants to see the County’s New Development Strategy before making a decision, The CRG wants to see if there is anything in the Strategy that may impact the need to conduct the Website Research Project.

   

  IDA DISCUSSION:

1. Background

• In January 2008, the IDA issued $5,450,000 in Civic Facility Bonds for the YMCA to purchase and renovate the former Gates Mills Building on Harrison Street.
• The Bonds were purchased by NBT Bank.

2. February, 2024 Resolution

• NBT is proposing to modify the term of the Bonds by agreeing to accept interest only payments on the Bonds for 18 months.
• The 18 months of unpaid principals payment would become a balloon payment at the end of the term of the Bonds.
• At the February, 2024 meeting, the IDA Board approved a Resolution authorizing the Director of certain amendments to the 2008 Bonds and authorize the Chairman to execute a certain documents related to this modification.

3. Status

• Documents are finally being circulated for review. Hopefully, these documents will be finalized and distributed shortly for execution.

4. New YMCA CEO

• The Fulton County YMCA Board recently appointed Judi Perry as their new CEO.
• She starts on November 6,
• Jesus Soto, the intern CEO, is being retained until November 15^th to help with the transition.

IDA DISCUSSION:

• 2025 Budget has been filed under PARIS and with the Board of Supervisors and County Treasurer’s offices

• • T-Bill 1 will expired on November 29, 2024
  • The expiring T-Bill has a rate of 5.126%
  • Current T-Bill rates are:

  3-month

  6-month

  9-month

  12-month

   

  IDA DISCUSSION:

  IDA ACTION:

  MOTION:
  MADE BY:
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1. • At the October meeting, the IDA Board agreed to pursue developing a distribution level substation that could provide up to two new express feeder circuits into Tyron each providing 12MW+/- that could be split once in the Park and could serve the 4 sites Winstanley has identified on its Site Plan for Tryon. One feed could serve 2 parcels at 6MW each or a variation that would total 12MW.  NG would not combine 12+12 to one parcel.
   • A Zoom meeting has been scheduled for December 3^rd to discuss the details about pursuing the development of a substation.
   • National Grid, the IDA and Winstanley Enterprises will participate in the Zoom meeting.

   IDA DISCUSSION:

• At the October meeting, the IDA Board agreed to pursue developing a distribution level substation that could provide up to two new express feeder circuits into Tyron each providing 12MW+/- that could be split once in the Park and could serve the 4 sites Winstanley has identified on its Site Plan for Tryon. One feed could serve 2 parcels at 6MW each or a variation that would total 12MW.  NG would not combine 12+12 to one parcel.
• A Zoom meeting has been scheduled for December 3^rd to discuss the details about pursuing the development of a substation.
• National Grid, the IDA and Winstanley Enterprises will participate in the Zoom meeting.

IDA DISCUSSION:

• EPA has determined that the IDA is currently not eligible to apply for an EPA Cleanup Grant.
• EPA wants a letter from NYS stating that it has reviewed the Phase I Environmental Site Assessment and agrees with the reports findings that there is no soil or ground water contamination at the site.
• Kara Lais contacted NYSDEC’s Region 5 attorney about obtaining such a letter. NYSDEC has advised that they would not be able to provide such a letter.
• Unfortunately, the IDA will not be able to apply for an EPA Cleanup Grant this year. If NY State agrees to issue that letter, the IDA could apply at the next round of funding next year.

IDA DISCUSSION:

1. Background:

• The 2009 Public Authorities Reform Act requires that board members of every state and local public authority conduct an annual evaluation of its performance. The IDA’s Policy 10-5 also requires Board members to complete this annual evaluation.
• Board member comments are protected from disclosure under Article 6 of Public Officers Law, but the results of the assessment are to be provided to the ABO.
• This annual assessment is a reminder to each board member of their duties, why those responsibilities are important, and whether they are performing those duties appropriately. The evaluation provides an opportunity for board members to measure their individual an collective effectiveness, determine if they are following their own policies and procedures, identify areas for board improvement, and to compare how their evaluation of the board’s performance compares to that of other board members.
• If the evaluation demonstrates the need for the board to improve its performance, amend its practices or procedures, or clarify its expectations of board members, the board is expected to implement suitable corrective actions immediately.

1. 2024 Board Performance Questionnaire:

• See Handout.

1. Upon a majority vote of its total membership, taken in an open meeting pursuant to a motion identifying the general area or areas of the subject or subjects to be considered, a public body may conduct an executive session for the below enumerated purposes only, provided, however, that no action by formal vote shall be taken to appropriate public moneys:

i. matters which will imperil the public safety if disclosed;
ii. any matter which may disclose the identity of a law enforcement agent or informer;
iii. information relating to current or future investigation or prosecution of a criminal offense which would imperil effective law enforcement if disclosed;
iv. discussions regarding proposed, pending or current litigation;
v. collective negotiations pursuant to article fourteen of the civil service law;
vi. the medical, financial, credit or employment history of a particular person or corporation, or matters leading to the appointment, employment, promotion, demotion, discipline, suspension, dismissal or removal of a particular person or corporation;
vii. the preparation, grading or administration of examinations;
viii. the proposed acquisition, sale or lease of real property or the proposed acquisition of securities, or sale or exchange of securities held by such public body, but only when publicity would substantially affect the value thereof.

MOTION:  To go into Executive Session to discuss the proposed acquisition, sale or lease of real property or the proposed acquisition of securities, or sale or exchange of securities held by such public body, but only when publicity would substantially affect the value thereof.

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MOTION        :           To go out of Executive Session.

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Tuesday
December 10, 2024
8:00 a.m.

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