PRESENT:

JOSEPH SEMIONE, CHAIRMAN
JANE KELLEY, VICE CHAIRMAN
MIKE FITZGERALD, TREASURER
JOSEPH GILLIS, SECRETARY
DAVID D’AMORE, MEMBER
JAMES MRAZ, EXECUTIVE DIRECTOR
KARA LAIS, FITZGERALD, MORRIS, BAKER, FIRTH PC
SCOTT HENZE, PLANNING DIRECTOR
WARREN GREENE, LIAISON, ECONOMIC DEVELOPMENT AND ENVIRONMENT COMM.
GREG FAGAN, FULTON COUNTY CENTER FOR REGIONAL GROWTH

Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

MOTION        :           Accept as presented.
MADE BY      :           Joe Semione
SECONDED   :           Jane Kelley
ROLL CALL VOTE               :
Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

NOTE:  A transcript of the March 9, 2021 meeting has been prepared and posted on the IDA’s website in compliance with Governor Cuomo’s Executive Order suspending the Open Meetings Law.

MOTION        :           Accept as presented.
MADE BY      :           Mike Fitzgerald
SECONDED   :           Jane Kelley
ROLL CALL VOTE               :                       Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

A. Nominating Committee

• No report.

B. Audit Committee:

• Monthly Bank Reconciliation Report: Mike Fitzgerald

IDA DISCUSSION:  Mike Fitzgerald approved the Monthly Bank Reconciliation Reports.

C. Governance Committee:

• No report.

D. Finance Committee:

•  No report.

1. Fulton County Report: Warren Greene, Liaison
2. FCCRG Report: (See attached.)  Greg Fagan

IDA DISCUSSION:  Jim Mraz welcomed Warren Greene as the new Liaison from the County’s Economic
Development and Environment Committee.  Warren Greene gave a brief update regarding the County’s efforts to deal with the Corona Virus Pandemic.

Greg Fagan reviewed the monthly FCCRG Report that was attached to the Agenda.

1. Background:

• In 2020, Nexus Renewables filed a Project Application with the IDA seeking financial incentives for an 8.1 MW solar project proposed adjacent to the Tryon Technology Park.
• Subsequent to filing their Project Application, Nexus decided to amend its proposed project by dividing it into four (4) components to be developed and operated by Solar 1 LLC, Solar 2 LLC, Solar 3 LLC and Solar 4 LLC.

2. Revised Project:

a. Project Size:

• National Grid de-rated Nexus’ solar project from 8.1 MWdc to 3.0 MWdc.
• The project will remain on the same leased area but occupy a smaller footprint.
• The revised sizes of the four (4) individual solar projects are shown below:

b. Interconnection Route:

• The revised route would run along the rear property line of the parcel Vireo occupies and then across IDA-owned land between the pond and wastewater pump station and then interconnect into National Grid’s overhead lines that exist along the secondary access road.

c. Project Cost:

• Due to the changes to the project, the total project cost has been reduced from $10.5 million to $5.6 million.

d. Project Schedule:

• Nexus had originally planned on completing its solar project in the fall of 2021.
• However, National Grid recently advised Nexus that they would not be able to complete the interconnection until the summer of 2022.
• As a result, this solar project will not be completed until the summer of 2022 or whenever National Grid completes the interconnection.

3. Project Application:

• Due to the various changes that have been made to the project, Nexus was asked to revise and resubmit its Project Application to reflect all of these changes.
• The revised Project Application has been received.

4. Resolution:

• On August 11, 2020, the IDA Board adopted a final resolution approving the solar project, authorized granting financial incentives and authorizing the Chairman to execute closing documents.
• Due to the changes made to the project, this resolution needs to be revised and readopted.
• See revised Resolution.

IDA DISCUSSION:    Jim Mraz reviewed the information on the Agenda.  He reviewed the proposed Resolution that was being presented to reapprove the project.  Kara Lais confirmed that this is a full replacement Resolution.  Jim Mraz asked if there were any questions.  There were none.

IDA ACTION:

MOTION:                   To adopt a Resolution amending and restating in its entirety a resolution adopted August 11, 2020 taking preliminary action toward undertaking a certain project, as defined herein, appointing Nexus Renewables U.S. Inc., or an entity to be formed (the “Company”), as agent of the Agency for the purpose of constructing and equipping the project facility (as defined herein) and authorizing the execution and delivery of an Agent Agreement and closing documents by and between the Agency and the Company.

MADE BY      :           Joseph Semione
SECONDED   :           Joseph Gillis
ROLL CALL VOTE               :                        Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

5. Easement Agreement:

• At the March 9, 2021 meeting, IDA Board endorsed a revised plan for interconnecting the four (4) separate solar projects into National Grid’s electrical system that included:

a. The route for interconnecting would run along the rear property line of the parcel Vireo occupies and then cross IDA-owned land between the pond and wastewater pump station and then interconnect into National Grid’s overhead electrical lines that run along the secondary access road that runs between CR107 and CR117.

b. The electrical lines would be run overhead.

• An Easement Agreement between the IDA and Solar 1 LLC, Solar 2 LLC, Solar 3 LLC and Solar 4 LLC has been drafted.
• Authorization is needed for the Chairman to execute this Easement Agreement.

IDA DISCUSSION:    Jim Mraz reviewed the information on the Agenda.  He asked if there were any questions.  There were none.

IDA ACTION:

MOTION:                   To authorize the Chairman to execute an Easement Agreement with Solar 1 LLC, Solar 2 LLC, Solar 3 LLC and Solar 4 LLC.

MADE BY:                 Joseph Semione
SECONDED:              Joseph Gillis
ROLL CALL VOTE:
Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

1. Background:
   • In 2020, R & R Farms paid the IDA $30/acre to lease approximately 40 acres.
   • In 2020, R & R Farms requested to lease an additional 15 acres bringing the total to 55 acres leased.

2. 2021 Lease Agreement:
   • R & R Farms desires to lease the same 55 acres of land in 2021 at the $30/acre rate.

IDA DISCUSSION:    Jim Mraz reviewed the information on the Agenda.  He asked if there were any questions.  There were none.

IDA ACTION:

MOTION:                   To authorize the Chairman to execute an Agreement with R & R Farms to lease approximately 55 acres of land at the Tryon Technology Park for the sum of $1,650.

MADE BY:                 Dave D’Amore
SECONDED:              Joseph Semione
ROLL CALL VOTE   :                                    Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

• A Request for Quotes (RFQ) was distributed to four (4) companies/individuals to mow lawn at the Tryon Technology Park in 2021.
• Quotes were due by April 7, 2021.
• Quotes based upon performing the following work:
• Finish Mowing :           7
• Brush Hog :           3
• Alternate Brush Hog* :           3

* This alternative bid is to mow around the former Maintenance Building.

• Following quotes were received:

• Previous Year Costs:

2014            :              $5,160                  :              Greenscapes

2015            :              $8,820                  :              Evergreen

2016            :              $7,520                  :              Greenscapes

2017            :              $8,500                  :              James Esper

2018            :              $10,700                :              James Esper

2019            :              $8,934                  :              Evergreen

2020            :              $6,480                  :              Greenscapes

IDA DISCUSSION:    Jim Mraz reviewed the information on the Agenda.  Joe Semione asked if the Alternate Bid was to be awarded.  Jim Mraz recommended it not be awarded.  Jim Mraz asked if there were any other questions.  There were none.

IDA ACTION:

MOTION:                   To authorize the Chairman to sign an Agreement with Evergreen Landscaping in the amount of $6,328.00 to provide lawn mowing services at the Tryon Technology Park in 2021.

MADE BY:                 Jane Kelley
SECONDED:              Dave D’Amore
ROLL CALL VOTE   :                                    Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

• Cushman Wakefield recently recommended that the lot sale fee in the Tryon Technology Park be increased from $20,000/acre to $27,500/acre.
• IDA Board agreed and adjusted the lot sale fee for the Tryon Technology Park.
• It is proposed to adjust the lot sale fees in the Johnstown and Crossroads Industrial Parks as follows:

Current                       Proposed

Johnstown Industrial Park                                     $20,000/acre               $25,000/acre

Crossroads Industrial Park                                    $20,000/acre               $25,000/acre

Crossroads Business Park¹                                    $25,000/acre               $25,000/acre

Crossroads Business Park²                                    $40,000/acre               $40,000/acre

                                                            ¹ For lands not bordering S. Kingsboro Avenue Extension

                                                                                          ² For lands bordering S. Kingsboro Avenue Extension

IDA DISCUSSION:    Jim Mraz reviewed the information on the Agenda.  Dave D’Amore asked why there are two (2) different prices for lot sales in the Crossroads Business Park?  Jim Mraz stated that when Walmart built its supercenter on South Kingsboro Avenue Extension, it was felt that there would be opportunities for new retail and commercial growth occurring along South Kingsboro Avenue adjacent to the Supercenter.  At that time, the IDA Board reviewed commercial lot sale prices in the area and determined that the value of lands in the Crossroads Business Park bordering South Kingsboro Avenue would be more valuable than those not bordering.  As a result, the IDA Board agreed to increase the asking price for lands along South Kingsboro Avenue.

Jim Mraz asked if there were any further questions.  There were none.

IDA ACTION:

MOTION:                   To approve increasing the lot sale fees in the Johnstown and Crossroads Industrial Parks from $20,000/acre to $25,000/acre.

MADE BY:                 Dave D’Amore
SECONDED:              Joseph Semione
ROLL CALL VOTE   :
Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

• The following reports were successfully entered into PARIS on March 15, 2021:

1. Certified Financial Audit
2. Investment Report
3. Procurement Report
4. Annual Report

IDA DISCUSSION:    Jim Mraz reviewed the information on the Agenda.  He stated he e-mailed IDA Board members copies of these reports that were filed under PARIS.  He stated that once the reports are filed, he received a couple of questions from the Comptroller’s Office that have been answered.  He asked if there were any questions.  There were none.

1. Background:

a. The Mohawk Valley Economic Development District (MVEDD) and Fulton County Center for Regional Growth (FCCRG) have secured funding to undertake a Site Inventory and Assessment Project in Fulton County.

b. Funding is coming from a CARES Act COVID-19 Recovery and Resiliency Planning Grant and a grant from National Grid.

2. Request for Proposals:

a. In February 2021, MVEDD issued a Request for Proposals (RFP) to certain consultants.

b. The project goals stated in the RFP were to:

1. Create a master list of Greenfield, vacant lots, and potential building sites available for development and redevelopment that can be marketed to site selectors to bring investors to Fulton County. The list should be a maximum of 25 Greenfield Sites, up to 10 vacant sites (urban) and up to 10 buildings.

2. Diversify the options for site development, by including various types of site categories within the list.

3. Assess what infrastructure is available to each site on the master list.

4. Determine what needs to be done to the sites selected in order to make them shovel-ready.

5. Create a map of the sites.

6. Develop spec sheets for each site or a number of sites to be negotiated.

3. Proposals:

a. MVEDD and FCCRG received two (2) proposals from:

1. Elan Planning/Landscape Architecture/Engineering, D.P.C.
   2. MRB Group

b. MVEDD and FCCRG are reviewing both proposals to determine which firm to hire.

4. Schedule:

a. All work on this project is supposed to be completed in August 2021.

IDA DISCUSSION:    Jim Mraz reviewed the information on the Agenda.  He stated that the Planning Department and IDA are looking forward to contributing to this project.  He asked if there were any questions.  There were none.

1. Fulton County’s Economic Development Program:

a. History:

• Prior to 1985, economic development efforts in Fulton County were decentralized. Several groups were involved:

1. Montgomery-Fulton Economic Development Corporation
2. Fulton County Community Development Corporation
3. Mohawk Valley Economic Development District
4. Fulton County Chamber of Commerce
5. Fulton County Industrial Development Agency

• From 1983-84, the Board of Supervisors identified and evaluated various models for revising the County’s economic development program. Based upon that evaluation, the Board of Supervisors determined that:

1. Fulton County’s economic development program should focus on marketing and be centralized.
2. In 1984, Fulton County executed an Agreement with the Fulton County Community Development Corporation to market Fulton County. The Fulton County Community Development Corporation then changed its name to the Fulton County Economic Development Corporation (EDC).

• In 1988, the EDC created the Crossroads Incubator Corporation (CIC).
• Between 1988-2012, Fulton County, EDC, CIC and FCIDA worked together on economic development initiatives in Fulton County.
• In 2009, a scandal developed with the EDC and CIC that created financial hardship on those two (2) Agencies.
• In March 2012, the EDC decided to create the Fulton County Center for Regional Growth (FCCRG).
• In October of 2012, the Board of Supervisors and FCCRG jointly announced a new “Business Development Marketing Plan for Fulton County”.
• The purpose of this Plan was to realign the County’s economic development priorities by re-establishing “marketing” as the primary focus of Fulton County’s economic development program.
• The Plan had several key components:

a) The FCCRG would remain as the primary economic development agency in Fulton County.

b) The FCCRG would dissolve the EDC and CIC.

c) The FCCRG’s primary mission shall be marketing Fulton County. The FCCRG would no longer be involved in the management of real estate.

d) Starting January 1, 2013, the Board of Supervisors shall have an increased role in the governance of the FCCRG by:

1. Appointing up to four (4) members of the FCCRG Board of Directors.
   2. Requiring the FCCRG to annually file its audited financial statements with the Chairman of the Board of Supervisors.

e) Fulton County executed a new and strengthened Marketing Agreement with the FCCRG that included the following requirements:

1. Fulton County’s contribution to the FCCRG shall be utilized for marketing Fulton County and not to fund general operations of the FCCRG.

2. The FCCRG shall submit an annual Marketing Plan and associated budget to the Board of Supervisors for review and approval.

3. The Marketing Plan shall identify specific marketing goals and objectives.

4. The Plan shall allow for the Board of Supervisors to assess the FCCRG’s success in achieving goals and objectives.

5. Payments to the FCCRG shall be based upon the submission of monthly vouchers that document FCCRG expenses directly related to implementing the marketing goals and objectives specified in the Marketing Agreement.

f) Fulton County agreed to increase funding to the FCCRG.

g) The FCCRG shall assume responsibility for administering all loan pools previously administered by the EDC.

• The FCCRG Board of Directors agreed to all of these requirements.

b. 2021:

• Today, there are four (4) entities involved with Fulton County’s Economic Development Program:

1. Fulton County:

• Provides funding to FCCRG.
• Market Fulton County.

2. FCCRG:

• Market Fulton County.
• Market shovel-ready sites.
• Community development.
• Provide financing.

3. FCIDA:

• Provide financial incentives.
• Prepare shovel-ready sites.
• Sell land to prospective companies.

4. Fulton Montgomery Regional Chamber of Commerce:

• Business promotion.
• Tourism promotion.

2. FCIDA Mission Statement:

• The FCIDA’s Mission Statement, which was approved in August 2012, reads as follows:

“The IDA’s mission is to create and promote economic growth and prosperity for both residents and entrepreneurs in Fulton County.  The IDA’s role in Fulton County’s Economic Development Program is to develop and maintain an inventory of shovel-ready sites for new and expanding businesses, offer financial incentives, as may be required, to encourage the creation of new and retention of existing jobs and expand the County’s tax base.  In doing so, the IDA strives to make Fulton County a desirable place to live and do business.” 

3. Industrial Parks:

• The FCIDA has been involved in the development of shovel-ready sites in four (4) industrial /business parks:

1. Crossroads Industrial Park :              1987
2. Johnstown Industrial Park :              1990
3. Crossroads Business Park :              1999
4. Tryon Technology Park :              2014

• The FCIDA owns the land in each Park. How the IDA acquired the land in each Park differs:

• When the FCIDA sells a parcel of land, the proceeds from the lot sale are distributed as follows:

Crossroads Industrial Park                            :              100%  of lot sale goes to FCIDA

Johnstown Industrial Park                             :              7% of lot sale goes to FCIDA

93% of lot sale goes to City of Johnstown

½ of that 93% goes directly to City

½ of that 93% goes to a City Account held by FCIDA

Crossroads Business Park                              :              The proceeds of all lot sales are distributed as follows:

FCIDA                                                               22.6%

City of Gloversville                                        22.5%

Fulton County Economic Development

Corporation                                                   22.5%

Board of Water Commissioners                    13.4%

Community Development Agency                              11.5%

Promote Gloversville Development

Agency                                                             7.5%

Tryon Technology Park                  :              100% of lot sale goes to IDA

• Roads:
• The roads in each Park are municipally owned.
• The IDA deeded to each municipality ownership of the land upon which the Park’s roads were built on.
• Water and Sewer Infrastructure:
• Crossroads Industrial and Crossroads Business Park: This infrastructure is owned and maintained by the City of Gloversville.
• Johnstown Industrial Park: This infrastructure is owned and maintained by the City of Johnstown.
• Tryon Technology Park: The water infrastructure is owned by the Gloversville Water Department.  The sewer infrastructure is currently owned by the IDA but will be transferred to Fulton County Sewer District No. 4 once it is created.
• Electric and Gas Infrastructure:
• The electrical and gas lines in all four (4) Parks are owned and maintained by National Grid.

4. IDA-Owned Properties:

5. IDA Shovel-Ready Sites:

• The IDA has the following shovel-ready sites available for sale:

Tryon Technology Park:

Lot 1      :              22+/- acres
Lot 2      :              23+/- acres
Lot 3      :              16+/- acres
Lot 4      :              70+/- acres
Lot 5      :              26+/- acres
Lot 6      :              25+/- acres
Lot 7      :              18+/- acres
Total     :              200+/- acres

Johnstown Industrial Park:

Lot 20    :              19.75+/- acres

Crossroads Industrial Park:

Lot 13    :              3.3 acres
Lot 14    :              3.1 acres

Crossroads Business Park:

21 lots   :              75+/- acres (Average Lot Size: 3.3+/- acres: Lots targeted for small,

white collar companies.)

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.

MADE BY      :           Jane Kelley
SECOND        :           Dave D’Amore
ROLL CALL VOTE               :
Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

TIME              :           8:38 a.m.

MOTION        :           To go out of Executive Session.

MADE BY      :           Dave D’Amore
SECOND        :           Joseph Semione
ROLL CALL VOTE               :
Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

TIME              :           9:10 a.m.

1. Background:

• The IDA owns Building 60 in the Tryon Technology Park.
• This building has been listed for sale by Cushman Wakefield.
• The building contains approximately 15,000+/- sf of space and sits on a 6+/- acre parcel of land.
• The 2020 appraised value of the building was $110,000.
• The building has been vacant since 2011.
• To be put back into use, the following work is needed:

1. Install new electric service to building.
2. Install new water service to building.
3. Install new heating system in building.
4. Enclose openings in west wall where freezers were removed.
5. Sprinkler system needs to be repaired. Pipes broken in several areas.
6. Several overhead doors need to be replaced.
7. The entire building must be brought into compliance with the NYS Uniform Fire Prevention and Building Code.

2.  Purchase Offer:

• The IDA has received a Purchase Offer from Lott Holdings Corporation, P.O. Box 651, Amsterdam, NY.
• The offer is for $75,000.
• The offer shall expire on April 15, 2021.
• Lott Holdings says it will use the property for commercial, industrial and office uses.
• All uses proposed for this building must comply with the requirements of the Town of Perth’s Zoning Ordinance.
• The offer says:
• The Abstract of Title or title insurance shall be obtained at Purchaser’s expense.
• The Purchaser shall have until July 15, 2021 to perform its due diligence on the property.
• The Purchaser may assign the Purchase Offer to a different entity owned by Purchaser.

3.  Waiver of Conflict:

• Lott Holdings has advised that Kara Lais has represented the company in the past and desires to use her on this transaction.
• Since Kara Lais also represents the IDA, both Lott Holdings and the IDA Board would have to consent to Kara Lais representing both parties.
• The IDA Board would need to authorize the Chairman to execute a Waiver of Conflict letter.

IDA DISCUSSION:    Jim Mraz reviewed the information on the Agenda.  He asked if there were any questions regarding the proposed Waiver of Conflict?  There were none.

IDA ACTION:

MOTION:                   To authorize the Chairman to execute a Waiver of Conflict letter.

MADE BY:                 Dave D’Amore
SECONDED:              Jane Kelley
ROLL CALL VOTE:
Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

4.  IDA Policy 06: Property Disposition:

1. Background:

• IDA Policy 06 establishes procedures for how the IDA is to dispose of property.
• Section 3(c) of the Policy states:

– Unless otherwise permitted, the Agency shall dispose of property for not less than its fair market value by sale, exchange, or transfer, for cash, credit, or other property, with or without warranty, and upon such other terms and conditions as the Agency and/or contracting officer deems proper.

– No disposition of real property, any interest in real property, shall be made unless an appraisal of the value of such property has been made by an independent appraiser and included in the record of the transaction.

• Section 3(E)(4) of the Policy deals with disposal of property for less than fair market value. Subparagraph (a) states:

a) No asset owned, leased or otherwise in the control of a public authority may be sold for less than its fair market value except if:

1. The transferee is a government or other public entity, and the terms and conditions of the transfer require that the ownership and use of the asset will remain with the government or any other public entity;
2. The purpose of the transfer is within the purpose, mission or governing statute of the public authority; or other than a governmental entity, which disposal would not be consistent with the authority’s mission, purpose or governing statutes:
   • Such authority shall provide written notification thereof to the governor, the speaker of the assembly, and the temporary president of the senate, and such proposed transfer shall be subject to denial by the governor, the senate, or the assembly. Denial by the governor shall take the form of a signed certification by the governor.  Denial by either house of the legislature shall take the form of a resolution by such house.
   • If no such resolution or certification is performed within sixty days of such notification of the proposed transfer to the governor, senate, and assembly, the public authority may effectuate such transfer.

• Subparagraph (b) states:

b) In the event a below fair market value asset transfer is proposed, the following information must be provided to the authority board and the public:

1. A full description of the asset.
2. An appraisal of the fair market value of the asset and any other information establishing the fair market value sought by the board;
3. A description of the purpose of the transfer, and a reasonable statement of the kind of the benefit to the public resulting from the transfer;
4. A statement of the value to be received compared to the fair market value;
5. The names of any private parties participating in the transfer;
6. The names of other private parties who have made an offer for such asset, the value offered, and the purpose for which the asset was sought to be used.

c) Before approving the disposal of any property for less than fair market value, the board of authority shall make a written determination that there is no reasonable alternative to the proposed below market transfer that would achieve the same purpose of such transfer.

5.  Written Notification to Governor and Legislature:

• Per the Public Authorities Law and Policy 06, written notification must be sent to the Governor and Legislature advising that the IDA is proposing to sell personal property for less than fair market value.
• Authorization is needed to send this letter.
• See attached letter.

IDA DISCUSSION:    Jim Mraz reviewed the information on the Agenda.  He reviewed the letter that was attached to the Agenda.  He asked if there were any questions regarding this letter.  There were none.

IDA ACTION:

MOTION:                        To authorize IDA Counsel to send the attached written notification to State representatives regarding the proposed sale of Building 60.

MADE BY:                     Mike Fitzgerald
SECONDED:                  Joseph Semione
ROLL CALL VOTE:
Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

6.  SEQR:

1. Background:

• The proposed sale of Building 60 is an Unlisted Action under SEQR.
• A short form EAF has been prepared and distributed to IDA Board members.

2. Part 2 EAF:

• The IDA has completed a Part 2 EAF.
• See attached.
• Review Part 2 EAF.

3. Determination of Significance:

• Based upon its review of the Part 1 and 2 EAF and all project information, the IDA Board now needs to issue a Determination of Significance under SEQR.
• Two (2) options exist:

1. Positive Declaration: If the IDA Board determines that the proposed project may create one (1) r more significant environmental impacts, it must issue a Positive Declaration which means a Draft Environmental Impact Statement (DEIS) must be prepared.

2. Negative Declaration: If the IDA Board determines that the proposed project will not create any significant environmental impacts, it must issue a Negative Declaration which means a Draft Environmental Impact Statement (DEIS) does not have to be prepared and the SEQR process has been completed.

IDA DISCUSSION:    Jim Mraz reviewed the information on the Agenda.  He reviewed Part 2 EAF with IDA Board members.  He then reviewed the options for issuing a determination of significance.  He asked if there were any questions?  There were none.

IDA ACTION:

MOTION:                     To designate the IDA as SEQR Lead Agency, to issue a Negative Declaration on the proposed sale of Building 60 and to authorize the filing of said Negative Declaration in accordance with the SEQR Regulations.

MADE BY:                 Dave D’Amore
SECONDED:              Jane Kelley
ROLL CALL VOTE:
Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

7.  Written Determination for Selling Property at Less than Fair Market Value:

1. The following determinations justify the IDA selling the former Maintenance Building for less than fair market value:

a) The building has been for sale for years now and this is the only qualified offer received.

b) The building needs a lot of work including:

• Install new electric service to building.
• Install new water service to building.
• Install new heating system in building.
• Enclose openings in west wall where freezers were removed.
• Sprinkler system needs to be repaired. Pipes broken in several areas.
• Several overhead doors need to be replaced.
• The entire building must be brought into compliance with the NYS Uniform Fire Prevention and Building Code.

2. See attached Resolution.

IDA DISCUSSION:    Jim Mraz reviewed the information on the Agenda.  He reviewed then the Resolution which includes the written determination of the IDA Board for selling this property for less than its appraised value.  He asked if there were any questions?  There were none.

IDA ACTION:

MOTION:                   To approve Resolution of the Fulton County Industrial Development Agency approving and authorizing sale of real property.

MADE BY:                 Joseph Semione
SECONDED:              Mike Fitzgerald
ROLL CALL VOTE:
Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

8.  Distribution of Revenue from Sale:

• On April 14, 2020, the IDA Board agreed to distribute revenues from lot sales as follows:

Cushman Wakefield :              7%

Fulton County :              6%

Fulton County Center for Regional Growth :              6%

• Given the sale price of $75,000 for this parcel, the following payments will be made:

Cushman Wakefield :              $5,250

Fulton County :              $4,500

Fulton County Center for Regional Growth :              $4,500

IDA DISCUSSION:    Jim Mraz reviewed the information on the Agenda.  He asked if there were any questions?  There were none.

IDA ACTION:

MOTION:                   To authorize the distribution of revenue from the sale of this Building 60 as presented above.

MADE BY:                 Dave D’Amore
SECONDED:              Joseph Semione
ROLL CALL VOTE:
Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

Tuesday
May 11, 2021
8:00 a.m.

MOTION        :           To close the meeting.

MADE BY      :           Jane Kelley
SECONDED   :           Joseph Semione
ROLL CALL VOTE               :
Aye         Nay         Abstain           Absent

Joe Semione                   X           ___         ___               ___
Jane Kelley                   X           ___         ___               ___
Mike Fitzgerald               X           ___         ___               ___
Joseph Gillis                 X           ___         ___               ___
Todd Rulison                        ___         ___         ___               X
Dave D’Amore                        X           ___         ___               ___

TIME              :           9:18 a.m.