UIDA 12-15-21

UIDA meeting

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Agenda
Utica Industrial Development Agency
Regular Meeting – Wednesday, December 15, 2021 @ 12:00pm Fort Schuyler Club, Utica, New York and via WebEx

I.          Call to Order

II.        Approval of Minutes (November 10, 2021)

III.       Old Business

A. Olbiston Apartments - Consider a final authorizing resolution relating to Olbiston Apartments, LLC, authorizing financial assistance that is a deviation from Policy and approving the form of related documents
B. Hemstroughts, Inc. – Consider a final authorizing resolution relating to Hemstrought’s, Inc,
authorizing financial assistance that is consistent with the Policy and approving the form of
related documents

IV.       New Business
.
A. 311 Main Street, LLC - Consider an inducement resolution relating to the 311 Main  Street, LLC facility, providing preliminary approval for financial assistance in the form of sales tax
exemptions (estimated at $48,975 but not to exceed $53,260), mortgage recording tax exemptions (estimated at $30,625 but not to exceed $33,305) and abatement of real property taxes for a period of 12 years (estimated at $451,080), which financial assistance is a deviation from the Agency’s Uniform Tax Exemption Policy, and authorizing the IDA to conduct a public hearing.


V.        Executive Session (if required)

VI.      Adjourn

Members of the public may listen to the Agency meeting by calling 1-408-418-9388

Access code: 2631 056 7755

or joining the meeting at Meeting link:


https://cityofutica.webex.com/cityofutica/j.php?MTID=m0178239589eafe6ed320504d685a8de6

Meeting password:     huJa9FxUj29

The Minutes of the Agency meeting will be transcribed and posted on the UIDA website.