UIDA meeting
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.