WEBVTT 1 00:00:01.560 --> 00:00:16.135 They got their shots. Yeah. Oh, me too. I know it's a little while ago. I got I got my shots over at Swift. 2 00:00:16.708 --> 00:00:23.699 Yeah, I get so we gotta stay away from him. 3 00:00:23.699 --> 00:00:31.530 Are you getting the Jim Beam, or during a Jack? 4 00:00:31.530 --> 00:00:36.329 I'm going to stick with the Jim Beam more reliable. 5 00:00:36.329 --> 00:00:39.810 Good job. 6 00:00:39.810 --> 00:00:44.100 We got good. 7 00:00:44.100 --> 00:00:47.280 Hey, mark. 8 00:00:47.280 --> 00:00:54.780 Feel like a new man. I'll get my 2nd shot. I'm invincible. Now. You get any reaction. 9 00:00:57.265 --> 00:01:02.725 It's awful then had a strong desire to go down to Miami Beach. 10 00:01:14.790 --> 00:01:22.290 Like I said, I would say that he was going to join us, but we do have a quorum. 11 00:01:22.290 --> 00:01:26.879 Alright, then, as we do, we need to wait for Laura or do you want to get going. 12 00:01:26.879 --> 00:01:30.959 Oh, I'm sure I can bottle through it. 13 00:01:30.959 --> 00:01:39.269 All right, that's called a meeting daughter, because I get an approval of the February 3rd, 2021 meeting. 14 00:01:39.269 --> 00:01:42.510 I'm going to approve the minutes. 15 00:01:42.510 --> 00:01:46.290 I got a 2nd server. 16 00:01:46.290 --> 00:01:50.609 All right Jack. 17 00:01:50.609 --> 00:01:57.329 Okay, uh, earlier in the year we had, uh, we had received a, um. 18 00:01:57.329 --> 00:02:03.719 Request to extend the sales tax for the last at global projects. 19 00:02:03.719 --> 00:02:10.229 Their housing is pretty much done, and they were looking to just kind of wrap up the commercial space. 20 00:02:10.229 --> 00:02:18.210 That is at the big windows if you are driven by the site on the court street side. 21 00:02:18.210 --> 00:02:24.030 So they are, I don't know that they have a tenant in mind yet, but they are. 22 00:02:24.030 --> 00:02:27.990 Trying to get that space finished up a little bit. 23 00:02:27.990 --> 00:02:32.310 So, they were looking for an extension on until. 24 00:02:32.310 --> 00:02:38.400 Uh, the end of April and I believe it expired in December. 25 00:02:38.400 --> 00:02:42.449 So, or maybe February pardon me? 26 00:02:42.449 --> 00:02:47.849 Well, they don't need it. Are they doing with occupancy, Jack? They fell it out. 27 00:02:47.849 --> 00:02:55.770 I believe so I didn't ask him when the last time I talked with them, but I will get a an update on that. 28 00:02:58.590 --> 00:03:04.020 You have a problem with their request. 29 00:03:04.020 --> 00:03:16.379 We have actually, by consensus voted on it in the past right now we're just ratifying it. Okay. Get a motion to ratify the extension. 30 00:03:17.490 --> 00:03:21.659 Yeah, so I'll make that motion. 2nd. Yeah. 31 00:03:21.659 --> 00:03:25.500 On favor post some of. 32 00:03:26.754 --> 00:03:29.664 Perfect next item is, 33 00:03:31.284 --> 00:03:37.104 which is the former empire kitchen and bath around the corner here from city hall, 34 00:03:38.215 --> 00:03:40.764 because they will have a retail, 35 00:03:41.155 --> 00:03:42.865 some retail on the 1st floor. 36 00:03:43.199 --> 00:03:47.729 Um, what we need to do is consider a statement of retail findings. 37 00:03:47.729 --> 00:03:51.750 Uh, relating to the project and then request the mayor. 38 00:03:51.750 --> 00:03:55.110 Uh, to confirm the financial assistance, so we've done this. 39 00:03:55.110 --> 00:03:58.110 Uh, for other retail projects in the past also. 40 00:04:00.240 --> 00:04:07.560 They just as an update for this project, I've been informed that they have. 41 00:04:07.560 --> 00:04:10.680 Secured a financial commitment for it. 42 00:04:10.680 --> 00:04:15.599 And start and start moving on with their process. 43 00:04:15.599 --> 00:04:19.199 For financing, and then into construction. 44 00:04:19.199 --> 00:04:22.319 Okay, great. 45 00:04:22.319 --> 00:04:26.939 All right I get a motion. 46 00:04:26.939 --> 00:04:31.499 John 4th. 47 00:04:31.499 --> 00:04:36.238 Favor I was. 48 00:04:36.238 --> 00:04:43.439 Next item is a man of properties again, we have previously approved this. 49 00:04:43.439 --> 00:04:50.218 Um, uh, the extension is out until November of this year. 50 00:04:50.218 --> 00:04:55.829 Uh, the main building that houses, the ABC cam dry is. 51 00:04:55.829 --> 00:04:59.879 Is complete, but he did in anticipation. 52 00:04:59.879 --> 00:05:07.228 Put an extension on to his building for an outside retail type of presence. 53 00:05:07.228 --> 00:05:14.278 Not his, but just a tenant so he had 2000 square feet to the. 54 00:05:14.278 --> 00:05:17.968 A facility for a total of 11. 6. 55 00:05:17.968 --> 00:05:23.069 So, again, again, he's extending out to finish up that space. 56 00:05:23.069 --> 00:05:29.968 Um, so the building, it looks nice and most of the, all the construction's done, just interior. 57 00:05:29.968 --> 00:05:34.259 Uh, improvements need to be so, so, retail on the street. 58 00:05:35.399 --> 00:05:39.689 No, it's actually it would be on eerie. Correct? 59 00:05:40.738 --> 00:05:45.838 So, you've got a small again, 2000 square foot, add on to the building. 60 00:05:45.838 --> 00:05:49.348 Bring back the banker in. 61 00:05:53.483 --> 00:06:07.764 That's good fries an oral anger. Sorry? Raging ourselves. Well, I don't see a lot of dark. 62 00:06:07.764 --> 00:06:10.613 There are other reminder minds, so it doesn't matter. 63 00:06:13.769 --> 00:06:17.249 All right, can I get a motion? The ratify the action. 64 00:06:18.144 --> 00:06:28.673 Oh, and again, 2nd all in favor of their business check. Okay. 65 00:06:29.033 --> 00:06:34.793 And under new business, I had sent out the audit to everyone as well as the. 66 00:06:35.098 --> 00:06:41.278 Annual report the procurement and investment reports. 67 00:06:41.278 --> 00:06:48.358 So, we can do, we can do the reports as 1 and then the audit is another. I didn't see anything in the audit. 68 00:06:48.358 --> 00:06:53.338 Uh, then, I don't know, from your perspective there was not that, I believe know. 69 00:06:53.338 --> 00:06:56.848 Going to have. 70 00:06:56.848 --> 00:07:00.928 The firm present to us, or is that not. 71 00:07:00.928 --> 00:07:12.449 Necessary, I don't know that it's necessary. There's really there's never any findings. It's it's pretty basic. There's not much. 72 00:07:12.923 --> 00:07:17.694 To it, if we do want them in the future, I'll make the request to them. 73 00:07:18.084 --> 00:07:29.363 I know that legal and Scott used to come in into the office or into the conference room and make a presentation to us. 74 00:07:29.608 --> 00:07:35.249 But even then in the last years, when they were doing it before it bonded, it took them over. 75 00:07:35.249 --> 00:07:42.449 They really didn't say, basically, there's really nothing for me to question. Now. I just want to make sure we're not. 76 00:07:42.449 --> 00:07:46.048 Skipping over a formality that we need to. 77 00:07:46.048 --> 00:07:51.209 That we need to adhere to I mean, I agree. I mean. 78 00:07:51.209 --> 00:07:57.598 You know, we got 7 figures of cash on your balance sheet. It's a lot different story. It was. 79 00:07:57.598 --> 00:08:04.019 6 or 7 years ago, uh, several and get loose on it. 80 00:08:05.098 --> 00:08:09.178 So, because we're not required to do it, then that's fine. 81 00:08:09.178 --> 00:08:16.978 Yeah, I don't know that there's anything written, but if it's just a formality that we would like to keep. 82 00:08:16.978 --> 00:08:20.639 Right now, you know, he, he, he could get on to the phone call. 83 00:08:20.639 --> 00:08:29.038 And do this with us remotely. I think next would probably be in person. 84 00:08:29.038 --> 00:08:42.719 So, at that point, then I'll, I will have him brought in. He comes from Albany and most. I think it's probably more discussion. Jack of what do we do with that 1Million dollars. 85 00:08:42.719 --> 00:08:46.979 I mean, we. 86 00:08:46.979 --> 00:08:50.038 We are public authority and. 87 00:08:50.038 --> 00:08:58.438 You know, in the bank is fine, but how do we reinvest the classical or the other is doing that? 88 00:08:58.438 --> 00:09:06.989 That you have liquidity to support projects in the city. 89 00:09:06.989 --> 00:09:15.749 Well, that's part of the initiative for the the WI Fi is moving slow. Yes. 90 00:09:15.749 --> 00:09:26.729 But, you know, that's 1 project that we are able to put money into some ideas. They were allowed to do loans as part of their cobit. 91 00:09:26.729 --> 00:09:32.278 But I didn't feel was necessary because the city I am the lone guy here also. 92 00:09:32.278 --> 00:09:36.119 So, we have funding available for that already. We. 93 00:09:36.119 --> 00:09:41.639 Pulled some aside for Colby purposes so some ideas have done that, but. 94 00:09:41.639 --> 00:09:46.078 Uh, is there are other projects I'm sure that will be coming down to fight. 95 00:09:46.078 --> 00:09:49.918 That will be out the WI. Fi. 96 00:09:49.918 --> 00:09:55.408 So, we've, we've put seed money into that and what's the. 97 00:09:55.408 --> 00:10:02.578 What's the percentage of complete completeness in the city on on that project? 98 00:10:02.578 --> 00:10:07.379 Right now they are in phase 1 basically the. 99 00:10:07.379 --> 00:10:13.528 A national grid owns the, the telephone poles, and the light polls that are around. 100 00:10:13.528 --> 00:10:17.698 genessee street the the city owns the polls. 101 00:10:17.698 --> 00:10:27.568 Where the traffic lights are connected, so from the tower out in front the clock tower, they have put a. 102 00:10:27.568 --> 00:10:30.958 Radios and stuff up there. 103 00:10:30.958 --> 00:10:44.609 And basically are just going, like, point of site out various locations. So that's just 1, what? And again, because of the restrictions and all the issue with national grid. 104 00:10:44.609 --> 00:10:50.249 Of putting things on their polls, it's kind of caused a headache for the it department. 105 00:10:50.249 --> 00:10:59.099 They are, let's say, is we'll make an agreement, or is in process of an agreement to have the polls turned over to the city. 106 00:10:59.099 --> 00:11:05.158 So then from there, we would have better access to them and be able to put the equipment done. 107 00:11:05.158 --> 00:11:11.818 It may not be a good idea and then then the city's going to own these polls and have to maintain them. 108 00:11:11.818 --> 00:11:17.609 I can't maintain what they got understood. It's not my call. 109 00:11:17.609 --> 00:11:22.229 I'm just now just trying to follow along with what we can. 110 00:11:27.119 --> 00:11:31.889 All right in the motion to approve the audit reports and everything. Jack. 111 00:11:33.089 --> 00:11:39.028 A, 2nd. 112 00:11:39.028 --> 00:11:42.089 On favor. 113 00:11:42.089 --> 00:11:47.099 I was so moved out to burner. You want to talk about. 114 00:11:47.099 --> 00:11:55.499 Well, I need a a motion for the annual report, the procurement and the investment reports. 115 00:11:55.499 --> 00:12:00.599 You need them all separately? No, just as a whole. That'd be fine. 116 00:12:00.599 --> 00:12:07.979 Okay, motion 2nd all in favor. 117 00:12:07.979 --> 00:12:14.428 All right okay things that are on my radar. 118 00:12:14.428 --> 00:12:18.028 Joe gam from the G. 119 00:12:18.028 --> 00:12:23.068 Group they are in the process of purchasing the former. 120 00:12:23.068 --> 00:12:26.219 Commercial travelers building and. 121 00:12:26.219 --> 00:12:37.979 Turning that into 4 floors of residential market rate residential and then the bottom floor will have a commercial tenant a couple few commercial tenants. 122 00:12:37.979 --> 00:12:42.178 Occupying, uh, what would be 10,000 square foot a space. 123 00:12:42.178 --> 00:12:46.739 Um, the apartments. 124 00:12:46.739 --> 00:12:57.058 Are being looked at and I don't know where they are specifically with their purchase, but they did approach me and I sent out materials for. 125 00:12:57.058 --> 00:13:02.609 Uh, that project, they'll look to put in somewhere near 39Million dollars. 126 00:13:02.609 --> 00:13:10.078 Uh, to turn that place around, I know that coach has gone over her and has had some issues with the. 127 00:13:10.078 --> 00:13:13.288 With those with those units there and. 128 00:13:13.288 --> 00:13:21.989 A lot of them are dangerous, et cetera, so that is coming down the pike. And then also listen, if you're familiar with blessing sacrament. 129 00:13:21.989 --> 00:13:27.359 Over on James and the tackling. 130 00:13:27.359 --> 00:13:31.078 Saint Agnes area, there is a church. 131 00:13:31.078 --> 00:13:38.038 A former school, and like a directory and then also the parking lot. 132 00:13:38.038 --> 00:13:41.278 Which faces on James between tackling and. 133 00:13:41.278 --> 00:13:46.229 And saint a, I believe so a gentleman has approached me on that. 134 00:13:46.229 --> 00:13:53.249 Uh, to turn that into market rate housing, it has obviously it was once a document for a number of years. I think. 135 00:13:53.249 --> 00:13:57.389 Wasn't sacrament had moved over to. 136 00:13:57.389 --> 00:14:01.318 Oh. 137 00:14:01.318 --> 00:14:07.259 Church over in the East Utica here. 138 00:14:07.259 --> 00:14:14.729 As I think it went over there, it became some type of a Baptist church, gospel, light, Baptist church for. 139 00:14:14.729 --> 00:14:19.708 Uh, a number of years that has since moved on and. 140 00:14:19.708 --> 00:14:25.798 Uh, uh, so it's been sitting fallow for probably 5 to 6 years. 141 00:14:25.798 --> 00:14:31.828 So again, market re, housing in that neighborhood, it's stable neighborhood. 142 00:14:31.828 --> 00:14:36.568 So those are the things that are kind of on my radar. 143 00:14:36.568 --> 00:14:45.509 We had a couple of projects I haven't I haven't heard much of lately in. 144 00:14:45.509 --> 00:14:48.658 So, I've been reaching out is, um. 145 00:14:48.658 --> 00:14:53.908 Christine Martin, if you recall was to, by the Presbyterian church. 146 00:14:53.908 --> 00:15:01.979 genessee street, but that have been informed as the project is no longer in play. 147 00:15:01.979 --> 00:15:05.188 And also the. 148 00:15:05.188 --> 00:15:09.178 Over on now, hotel street. 149 00:15:09.178 --> 00:15:15.599 Uh, the group that came up out of Washington. 150 00:15:15.599 --> 00:15:19.349 Dc along with. 151 00:15:19.349 --> 00:15:22.708 A rumor is. 152 00:15:22.708 --> 00:15:27.479 I haven't heard anything on data. I don't know if it's, they're still trying to get funding for it. 153 00:15:27.479 --> 00:15:30.629 So that's kind of at a standstill wholesome. 154 00:15:32.219 --> 00:15:40.589 Jack, I tried to find the Calvin project and sensitive every now and then it looks like they're making steady progress. Are they scheduled as far as, you know. 155 00:15:40.589 --> 00:15:48.869 What I understand, I provide the other day, as you say, it does look good. 156 00:15:48.869 --> 00:16:00.658 Um, the, you know, we haven't heard I, everybody kind of taken down there, you know, make it smaller and put it somewhere else signs and stuff like that. Sorry. 157 00:16:00.658 --> 00:16:10.769 I think it will blend in well, with the, with the surroundings there. It is a little taller than what that school was by. Maybe a story. 158 00:16:10.769 --> 00:16:15.989 But I don't think you get much from genessee street. 159 00:16:15.989 --> 00:16:20.339 Okay, it's not that as much taller. 160 00:16:20.754 --> 00:16:32.754 It's positioned right on the school was straight line. Yeah. Yeah. Right. Yeah, it is in front of the street, or it is pretty close. 161 00:16:32.754 --> 00:16:37.943 There's not much room between the sidewalk and that. It does take it in. 162 00:16:38.278 --> 00:16:43.198 Posing, but I think the look of veteran and architecture. 163 00:16:43.198 --> 00:16:58.048 Should be conducive to the area. I will send you a, put a list together of the different Laura during the meeting. 164 00:16:58.048 --> 00:17:05.969 The different projects that we have, so you can drive by them. So I don't know if anybody's gone by the a. 165 00:17:05.969 --> 00:17:13.469 Starting line apartments over across the street from under wire there across the street from ninety's. 166 00:17:13.469 --> 00:17:21.479 Those are beautiful looking places. Just a lot of these projects have come a long way and. 167 00:17:21.479 --> 00:17:29.368 Have really transformed some fluent in areas that they're in all that seems to be just sitting there. And I sorry. 168 00:17:29.368 --> 00:17:37.949 They are there and the. 169 00:17:37.949 --> 00:17:49.709 What's the story I reach out to these guys, but they just don't seem to respond very much. There's a. 170 00:17:49.709 --> 00:17:53.939 I don't know what the problem is or if they're overloaded. 171 00:17:53.939 --> 00:17:57.778 Uh, it is something to keep an eye on, and I will reach out to them to get. 172 00:17:57.778 --> 00:18:00.989 An update on that they do have the. 173 00:18:01.314 --> 00:18:12.983 The building across the street from adjacent to the fort skyler club they have those 2 buildings. 174 00:18:13.673 --> 00:18:16.314 There is some movement over at 253. 175 00:18:17.519 --> 00:18:24.209 So that's good news there. They really can't park too much on. 176 00:18:25.134 --> 00:18:39.263 As they have mentioned in the past on court, well, Hopper, right there graphics. So they can't really state much during the winter time because of the snow and the narrowed lane. So. 177 00:18:39.509 --> 00:18:47.878 A chance those 3, those are 3 projects that are not. 178 00:18:47.878 --> 00:18:53.788 Moving as anticipated, and we've done multiple extensions on the century club. 179 00:18:53.788 --> 00:18:58.499 Stands on cap and I know we're not. 180 00:18:58.499 --> 00:19:11.818 You know, I got my lenders head on, but when you get a contractor or developer with 3 properties, and not 1 of them is coming to fruition, you know, we, we really need to get a little bit deeper on where they stand on timelines. 181 00:19:11.818 --> 00:19:15.989 And if you're going to keep coming back from extensions, maybe the answer's no. 182 00:19:17.963 --> 00:19:26.243 Wholeheartedly well taken, those are the 3 central calling. 183 00:19:26.243 --> 00:19:39.503 What's going on behind those walls but the GI project, I mean, that is an ice or absolutely. Right. Just. So, you know, we don't. 184 00:19:39.594 --> 00:19:51.864 We're not engaged in that project. They they did submit an application. I reviewed it, but I haven't gone anywhere past that, but I, whether or not, it's 3 projects the same developer. 185 00:19:53.368 --> 00:20:00.808 Is not being able to complete as anticipated. 186 00:20:02.098 --> 00:20:05.608 Correct. I totally agree. 187 00:20:06.778 --> 00:20:10.858 I'll reach out to them today and get an answer on that. 188 00:20:10.858 --> 00:20:17.909 And what type of timelines they're looking at, and I totally agree with not extending any sales tax. 189 00:20:17.909 --> 00:20:23.338 In fact, on 1900, uh, we have not issued a sales tax exemption. 190 00:20:23.338 --> 00:20:31.739 A letter to them on that, because they have not responded and Laura would back up back me up on this. We talked about it. 191 00:20:31.739 --> 00:20:36.659 And the rumor mill is, they're looking at another project. 192 00:20:36.659 --> 00:20:40.769 For the letter or so. 193 00:20:47.788 --> 00:20:54.989 Any comments or. 194 00:20:54.989 --> 00:20:59.189 Thoughts considerations anybody got anything else. 195 00:20:59.189 --> 00:21:04.888 I don't know that. 196 00:21:04.888 --> 00:21:10.798 Motion to adjourn. 2nd. Okay. 197 00:21:10.798 --> 00:21:15.538 On favor. 198 00:21:15.538 --> 00:21:22.858 Thanks everybody take care take care. Everyone.