WEBVTT 1 "jspaeth@cityofutica.com" (2757227264) 00:00:08.435 --> 00:00:23.156 Call the meeting to order approval the minutes 7 May 2025. Give a second. He can't. He can't because he wasn't here. Well I can, I'm Yeah the chairman, can I second. Okay. 2 "jspaeth@cityofutica.com" (2757227264) 00:00:24.439 --> 00:00:38.239 Second. So move O business 1400 Broadstreet. You receive the letter in your packet and you actually have it with you on the backside. So again, they're still working through. 3 "jspaeth@cityofutica.com" (2757227264) 00:00:39.090 --> 00:00:56.410 This has been a number of extensions for them. So I told them that you know they're they're getting kind of you know past the point almost like two years of their construction period, so it's probably going to be the last, so they understood and yeah so tough to get anybody moved. 4 "jspaeth@cityofutica.com" (2757227264) 00:00:57.010 --> 00:01:16.770 Well, they had, as you reading the letter and, and I looked at previous letters, they were going back and forth with national Grid because they have to have a brand new service, you know, for the entire building. That's done. She hasn't been delaying. No, NO NO. I think she's moving right along. Yeah, you're right slow. Yeah so hard for. 5 "jspaeth@cityofutica.com" (2757227264) 00:01:17.410 --> 00:01:38.170 Milled a whole bunch of streets I don't know who they hired, but it's been a, it's been over a month having a hard time with health. It is everywhere. And you're right and over all these they're not protecting and now you're getting into school construction season so all your skill trades are focusing on that. Can you hear us? 6 "Jon Penna" (3760494848) 00:01:38.973 --> 00:01:42.453 I can. You guys hear me? Yeah. 7 "jspaeth@cityofutica.com" (2757227264) 00:01:43.474 --> 00:01:53.434 Can I get a motion to express extend it? Second, can you second that one or NO? Yes, you can. Okay. Second. On paper, I post some moves. All right, Jack. 8 "jspaeth@cityofutica.com" (2757227264) 00:01:53.850 --> 00:02:13.570 Okay, I sent the packet out for the Columbia Square similar to their starting line project that is over on dewire. They're going to transform the Columbia Square area that has been a little, little fellow lately. 9 "jspaeth@cityofutica.com" (2757227264) 00:02:13.850 --> 00:02:35.010 Not much activity there. So, with us is John Penna, who is the attorney for Depaul. John, if you want to talk about the project a little bit, what your, you know, what you anticipate with it, the clientele or the consumers that will be occupying it that you're looking for, and then to answer any questions that we may have. 10 "Jon Penna" (3760494848) 00:02:36.130 --> 00:03:07.170 Sure. Happy to. Thanks Jack. Good morning, everyone. So I'm John Penna, the general council at Depaul properties. A little bit about the Paul properties or not for profit. We own developed and manage affordable housing and special needs supportive housing throughout New York State. We got a project as as Jack indicated Columbia starting line apartments rather located in the, in the city of of Eudica. 11 "Jon Penna" (3760494848) 00:03:08.429 --> 00:03:24.829 This project, which we're calling the Columbia Square project, is located right on the corner of of Whitesboro Street and Saratoga Street. That's gonna be the focal point of the project two. 12 "Jon Penna" (3760494848) 00:03:24.850 --> 00:03:44.570 It consists of two buildings, housing 66 units, one, the, the main building, which is the focal point of the, of the project will sit right on, right on that corner of of of Saratogy Street and and and Whitesborough. The project has received. 13 "Jon Penna" (3760494848) 00:03:44.890 --> 00:04:08.690 Final site plan approval back in April of 2024, for 66 units. It's gonna be a mix of supportive housing and affordable housing, affordable to folks ranging from 30 % AMI up to 50 % AMI, which is which which in Onitida County is approximately $40000. 14 "Jon Penna" (3760494848) 00:04:09.040 --> 00:04:25.640 40500. The project will consist of a mix of studios, one bedrooms, two bedrooms, and three bedrooms. We offer, as with all of our our our projects and starting line is NO different. 15 "Jon Penna" (3760494848) 00:04:26.538 --> 00:04:41.299 We offer an all inclusive rent, which is inclusive of utilities, Wi-Fi, internet access, laundry, and, and access to all project. 16 "Jon Penna" (3760494848) 00:04:41.729 --> 00:04:58.969 You know, project related amenities community, community space transport for folks who need transportation to to appointments and and whatnot. So that's a little bit about about the project. 17 "Jon Penna" (3760494848) 00:04:59.699 --> 00:05:15.298 Rents will range anywhere between approximately $700 a month, to $1100 a month depending on the the size of the the size of the unit. It's approximately a $35 million project. 18 "Jon Penna" (3760494848) 00:05:16.279 --> 00:05:31.279 As far as job creation goes, the project itself will employ five full time, at least five full time folks, property manager, maintenance, who will be, all of them will be on site. 19 "Jon Penna" (3760494848) 00:05:32.809 --> 00:05:48.449 And then in addition to that obviously the it's a large construction project bringing construction jobs to the to the local trades in the area, as well as Depaul as with as with starting line and all of our projects, we. 20 "Jon Penna" (3760494848) 00:05:49.108 --> 00:06:07.469 We do a 3rd party or outsource a number of of site and building services from security services to to refuse removal and and janitorial service as well. 21 "Jon Penna" (3760494848) 00:06:09.018 --> 00:06:21.579 Among others, landscaping and and and others. So, that's a little bit about about the the project. I can open up at this point I think to any questions. 22 "jspaeth@cityofutica.com" (2757227264) 00:06:25.276 --> 00:06:42.756 John I have one cause I know that John Buffa, who was not with us today is a local banker and one of our board members. He had asked about the what is is there a big difference between this and the loss at globe Mill as far as. 23 "jspaeth@cityofutica.com" (2757227264) 00:06:44.829 --> 00:07:01.229 Potential tenants. I see that you have some affordable units. What what is there any special qualifications for them that differentiates them between just a typical affordable units, you know, typical affordable units that are in that area? 24 "Jon Penna" (3760494848) 00:07:02.342 --> 00:07:21.982 I am not specifically familiar with that, with that project that you referred to, but, I I I wouldn't, so I I can't say, I can't say for sure. But, income obviously is is one of the, is, is, is one of the main factors. 25 "Jon Penna" (3760494848) 00:07:23.238 --> 00:07:41.999 For, for eligibility. And then as I might I mentioned, there's also a mix of supportive units in this project similar to starting line up, starting line apartments. Those supportive units are gonna support. 26 "Jon Penna" (3760494848) 00:07:43.209 --> 00:08:14.209 Folks within mental health recovery as well as Frayl freel seniors under the Empire States supportive housing, program. And what that program does is provide housing coupled with housing supports to help facilitate folks who are in recovery from from from mental illness to be able to live independently, so provides essentially key. 27 "Jon Penna" (3760494848) 00:08:14.639 --> 00:08:18.199 Management, along with some rental assistance. 28 "jspaeth@cityofutica.com" (2757227264) 00:08:20.599 --> 00:08:22.199 What's your timeline on construction? 29 "Jon Penna" (3760494848) 00:08:24.262 --> 00:08:49.703 So if we're, we're gonna be submitting the project for, for funding through the states, the state's RFP, which we don't have a definitive date on when that will be released. We believe though, based on last year that it will be released sometime mid summer, RFP will be due. If that happens would be, we would expect it would be due. 30 "Jon Penna" (3760494848) 00:08:50.588 --> 00:09:08.789 Sometime in August or early September and then we would expect that awards would be issued in early January, January February of 2026. So we would be looking to start then approximately a hundred and 20 days from that point. So I would. 31 "Jon Penna" (3760494848) 00:09:09.359 --> 00:09:34.799 Approximate start date as long as that, that time frame holds approximate the start date would be in June. Late May, late May, early June of 2026, we'd be looking at approximately 18 to 18 to 2020 months of of construction then to get it built. 32 "jspaeth@cityofutica.com" (2757227264) 00:09:37.360 --> 00:09:58.320 And have you gotten any indication from New York State cause you you weren't able to secure 9 % in the past round have has New York State provided any, you know, pat on the back to say, you know, look, you know, the next one you know you'll get or is it still just up in the air and subject to. 33 "Jon Penna" (3760494848) 00:09:58.714 --> 00:10:17.474 Whatever yeah you know unfortunately we can never you know there's never any guarantees with this, but we've received as much as much verbal response verbal support and encouragement from the state to continue to pursue this project as we have any of our other successful projects that we've. 34 "Jon Penna" (3760494848) 00:10:17.739 --> 00:10:50.258 From that we've gotten built throughout the state. So, all indications that we've received are very positive and, and, and, and very encouraging as far as as as far as an eventual an eventual re award. It is obviously it's a competitive process, but we're, we're used to that and we feel that that we're we're well positioned for for an award this next round. 35 "jspaeth@cityofutica.com" (2757227264) 00:10:52.079 --> 00:10:58.520 Okay, and do you guys own the properties or the land where you're planning to develop this on. 36 "Jon Penna" (3760494848) 00:10:59.440 --> 00:11:14.441 We do. It's a, it's approximately an 18 parcel assemblage. We did acquire all of the property so it's under, it's currently under under our ownership. 37 "jspaeth@cityofutica.com" (2757227264) 00:11:15.342 --> 00:11:19.062 Okay, and what happens if you guys don't get this tax break? 38 "Jon Penna" (3760494848) 00:11:21.283 --> 00:11:32.962 Well, the, the, the, the tax break, the the tax break, I I wouldn't I wouldn't necessarily characterize it as, as, as that. 39 "jspaeth@cityofutica.com" (2757227264) 00:11:34.816 --> 00:11:36.776 What happens if you don't get this financial incentive? 40 "Jon Penna" (3760494848) 00:11:37.702 --> 00:11:44.102 So, it does make the pro it does make the project more difficult to to operate. 41 "Jon Penna" (3760494848) 00:11:45.739 --> 00:12:02.139 From a, from a financial standpoint. Ultimately, this this pilot does help control the costs in our operating budget, which then allow us to enhance the affordability of, of the units. 42 "Jon Penna" (3760494848) 00:12:03.928 --> 00:12:18.488 Having a pilot also provides us with predictability of what the, what the taxes will be, which is important because with these, with these projects and with rents being. 43 "Jon Penna" (3760494848) 00:12:20.769 --> 00:12:39.129 Somewhat regulated, we are not able to adjust as market rate operators are to fluctuations in operating expenses and, and market, you know, market driven forces. 44 "Jon Penna" (3760494848) 00:12:39.369 --> 00:12:56.249 As well. So, having that predictability of, of what the payment, the tax payment will, will be allows us to keep our rents more level and ultimately helps us to enhance affordability. 45 "jspaeth@cityofutica.com" (2757227264) 00:12:59.468 --> 00:13:02.428 And the state likes to see that consistency too, also, I'm sure. 46 "Jon Penna" (3760494848) 00:13:03.762 --> 00:13:20.002 They do, they do. It also it shows, it shows that, you know, support for the project at a local level, local level as well. I did include in the in the packet and an analysis of what. 47 "Jon Penna" (3760494848) 00:13:20.939 --> 00:13:36.778 The true taxes would be based on new York's real property tax law 581581A we will, we typically and and I believe Jack, this is the this is the case here that. 48 "Jon Penna" (3760494848) 00:13:37.529 --> 00:14:02.089 The, the taxes that we would pay if the project were on the tax rolls are, you know, dependent on the in the income generated from from the from the project. So that, that was included with the with the with the with the submission for, you know, for, for, for review. 49 "jspaeth@cityofutica.com" (2757227264) 00:14:05.667 --> 00:14:09.747 Okay, ok. Any other questions? 50 "jspaeth@cityofutica.com" (2757227264) 00:14:12.619 --> 00:14:32.539 Right, we are considering an inducement resolution today. Correct. Okay. For the record. Yeah ok for the Columbia square project really for approval or consider a secret resolution related. 51 "jspaeth@cityofutica.com" (2757227264) 00:14:32.619 --> 00:14:57.779 Into the Depal Columbia Square LLP facility. So we do need a motion for that. Okay, I do accept the way. Second favor? Second one, next is to consider an inducement resolution relating to the Columbia Square LP facility. 52 "jspaeth@cityofutica.com" (2757227264) 00:14:58.468 --> 00:15:22.108 Preliminary approval for financial assistance in the form of reduction of real property taxes for approximately 32 years, valued at $10143535, which financial assistance is a deviation from the agency's uniform tax exemption policy making certain findings with respect to the facility and authorizing the agency to conduct a public hearing. 53 "jspaeth@cityofutica.com" (2757227264) 00:15:22.758 --> 00:15:31.879 Yeah him on favor. John, thank you very much. She. 54 "Jon Penna" (3760494848) 00:15:33.286 --> 00:15:33.806 Thank you everyone. 55 "jspaeth@cityofutica.com" (2757227264) 00:15:34.105 --> 00:15:37.545 Formed of your prod progress and everything so we can stay in tune with you. 56 "Jon Penna" (3760494848) 00:15:38.599 --> 00:15:40.079 Absolutely. Thank you all. 57 "jspaeth@cityofutica.com" (2757227264) 00:15:40.922 --> 00:15:59.682 Thank you. Thank you. Have a great day. You too. Where exactly used this? It's whitesporrow. It's past the brewery on Whitesborough Street on the right. Oh, ok. In Sarah Toga Saratoga. I don't know what Sarah Toga Treet. It's below York, right? Okay. Yeah, yeah, I believe so. So it's. 58 "jspaeth@cityofutica.com" (2757227264) 00:15:59.689 --> 00:16:07.048 Yeah, there's a little gas station there. Yeah. That'll be an improvement. Seen the least. 59 "jspaeth@cityofutica.com" (2757227264) 00:16:09.519 --> 00:16:28.679 Oh. Okay, Matt Clark. Matt Clark, so as you had again the application package was forwarded to everyone. The at around Financial is obviously in the Aterandic bank building on the top two floor. 60 "jspaeth@cityofutica.com" (2757227264) 00:16:29.238 --> 00:16:35.119 Is the training center for the Mac Clark restaurant. 61 "jspaeth@cityofutica.com" (2757227264) 00:16:36.849 --> 00:16:53.969 Group, they are looking to purchase the f the mana property, which was the ABC chemdry done on Eary Street. They're gonna move their training facility there as well as there's a garage component to the building, so they'll use that for some of their fleet maintenance. 62 "jspaeth@cityofutica.com" (2757227264) 00:16:56.969 --> 00:17:08.049 ABC Chemdry has vacated the property just because of COVID and some issues that were going along. He has decided to move out and go into a smaller space. 63 "jspaeth@cityofutica.com" (2757227264) 00:17:08.939 --> 00:17:27.499 There was a number of excess space in the building that he just was not using and was not able to to make it worth his time anymore. So he has moved out, he is still in the city, but just at a, at a smaller location. I don't think to add from council. 64 "jspaeth@cityofutica.com" (2757227264) 00:17:29.389 --> 00:17:45.269 No, we looked at the issue of abandonment and determined that the space that they're vacating is gonna be taken over by the bank which needs the space. Right. So there's not an issue there. This isn't from the. 65 "jspaeth@cityofutica.com" (2757227264) 00:17:46.069 --> 00:18:05.429 How's a building, right? This is from their other building. Good. I don't know any other questions on it that I can answer? No, what's the Do you want to talk about? Yeah, oh, thank you. So the. 66 "jspaeth@cityofutica.com" (2757227264) 00:18:05.948 --> 00:18:12.309 The pilot that Mannah M A N A or ABC comedry, had received. 67 "jspaeth@cityofutica.com" (2757227264) 00:18:12.859 --> 00:18:30.019 Was based on their 2017 assessed value due to the relocation from the hospital. So we had I'm just gonna kind of never throwing this to Harris because he doesn't have the backstory. So anybody that was, that was relocated due to the hospital moving into the area. 68 "jspaeth@cityofutica.com" (2757227264) 00:18:30.798 --> 00:18:50.439 We offer them a special pilot as an incentive to stay in the city. Okay. Okay, so part of that was to lock in at the 2017 when we proposed all this, this certain pilot lock in at the 2017 assessed value. So whoever, so there was three. 69 "jspaeth@cityofutica.com" (2757227264) 00:18:50.599 --> 00:18:57.599 Three groups that three companies that had moved two moved into existing buildings so they kind of went just with whatever that assessment was. 70 "jspaeth@cityofutica.com" (2757227264) 00:18:58.329 --> 00:19:18.289 The assessed value for the property that Manner had bought was just a vacant land at that time. So then the pilot was just based on the vacant land with NO building on it. So, and going through and talking with Laura a little bit, I didn't see that it was fair to provide that pilot onto the new. 71 "jspaeth@cityofutica.com" (2757227264) 00:19:18.369 --> 00:19:35.449 Next company. So what we did was we switched them to a regular retail pilot, ok, which is 5050 7575 75 % of what the, the, so if their pilot were, if their taxes were say $10000. 72 "jspaeth@cityofutica.com" (2757227264) 00:19:35.939 --> 00:19:52.859 Then they would pay 50 % 5000 5000, and then 7500 7500 7500. Okay. So we're we're able to gain a little bit more pilot money out of the project. They'll be looking for the sales tax exemption that we can provide to them for any other construction materials. 73 "jspaeth@cityofutica.com" (2757227264) 00:19:53.469 --> 00:20:13.229 Or equipment materials that they need in the structure, and I don't think they were looking for the mortgage report ok so does it make sense to them? It does. I mean the building is worth it. You know, it's pretty clear span, it's pretty. 74 "jspaeth@cityofutica.com" (2757227264) 00:20:13.628 --> 00:20:20.308 We're giving them like a 3000. Yeah, but it fixes it, you know? I mean so I mean, they gotta right or. 75 "jspaeth@cityofutica.com" (2757227264) 00:20:20.999 --> 00:20:39.999 Yeah, I mean we're gonna be getting our job is not to decide what they wanna do, right? Yeah the city, the city will gain considerable more taxes. Oh yeah. Zip it. Okay. 76 "jspaeth@cityofutica.com" (2757227264) 00:20:40.999 --> 00:21:00.919 So we have seeker resolution, a number of resolutions here. If I'm gonna read the 1st one, we'll take you from separately. Ok, consider a resolution relating to the man of properties LLC facility consenting to the sale and assign cons sale of an assignment of existing lease. 77 "jspaeth@cityofutica.com" (2757227264) 00:21:01.069 --> 00:21:07.348 These leaseback documents to Mac clark properties LLC and authorizing the form and execution of related documents. 78 "jspaeth@cityofutica.com" (2757227264) 00:21:08.279 --> 00:21:23.519 Okay, you get a motion? Second. Hi. Oh, in favor, I pose sold seeker, seeker, consider seeker resolution relating to the Mac clark properties LLC facility, new motion. 79 "jspaeth@cityofutica.com" (2757227264) 00:21:28.059 --> 00:21:42.819 Number three, number three, considering an consider an inducement resolution relating to the Mac Clark properties LLC facility granting preliminary approval for financial assistance in the form of exemptions from sales tax valued at $10938. 80 "jspaeth@cityofutica.com" (2757227264) 00:21:43.458 --> 00:22:00.259 Exemptions from a mortgage recording tax, valued at $9000 and reduction of real property tax for a period of five years, valued at 12220 or 22 $12292, which financial assistance is consistent with the agency's. 81 "jspaeth@cityofutica.com" (2757227264) 00:22:01.438 --> 00:22:19.959 Uniform tax exemption policy and authorizing the agency to conduct a public hearing. Oh sure second. I do have a. 82 "jspaeth@cityofutica.com" (2757227264) 00:22:21.208 --> 00:22:35.689 An application that I'll be reviewing for the, the Dunlock building, it's higher some to some, down on the corner of Eri and Whitesborough I believe, right at the Yorkville line. 83 "jspaeth@cityofutica.com" (2757227264) 00:22:36.149 --> 00:22:51.229 So I did I received the application but a little too late for and not not fully complete for review by this board, so that'll be coming up at some point or probably at the August meeting. I'll be working through that. 84 "jspaeth@cityofutica.com" (2757227264) 00:22:52.198 --> 00:23:11.278 Details and then passing it on the council for their review. Past that we think we're here and have just a nice summer. So if Harris if you can just, you know, kind of talk about yourself just for 30 s, John is a former. 85 "jspaeth@cityofutica.com" (2757227264) 00:23:12.119 --> 00:23:26.719 Engineer here for the city of Eudica. Ben is a an accountant long time along with his family and stuff. So my name is seventage. I'm a graduate. I'm sorry? I'm a graduate of proper high School in 2005. 86 "jspaeth@cityofutica.com" (2757227264) 00:23:27.329 --> 00:23:43.249 With MBCCC Suni moved away in 2010, worked in Northern New Jersey, new York City area for some big companies and then right around 2018I moved back home, wanted to come back to Eudica and. 87 "jspaeth@cityofutica.com" (2757227264) 00:23:43.879 --> 00:24:03.519 I was settled back down here bought a house, so living in South Unich and decided to be back and working here and helping out the city and figured I'd join this board to contribute, get back to the community. So good. So you're like an engineering. Yeah, a background is in the HBAC engineering. I currently work for a software company. 88 "jspaeth@cityofutica.com" (2757227264) 00:24:04.119 --> 00:24:11.919 The specializes in that field, but doing that ever since I graduated college, so welcome. Yeah, thank you. 89 "jspaeth@cityofutica.com" (2757227264) 00:24:12.359 --> 00:24:31.919 Good to have you, and this is Laura. This is Laura. Yeah, so we're the attorneys we're by Romano, Laura Rovero. You guys out of trouble. Good luck. Alright. 90 "jspaeth@cityofutica.com" (2757227264) 00:24:32.439 --> 00:24:44.519 Else should do a journey? Well. Have a great day, guys. You too. Jack, why does nothing ever happen with that property the old vendors?