Agenda

Utica Industrial Development Agency

Regular Meeting – Wednesday, October 11, 2023 @ 9:00am

Utica City Hall, Utica, New York and via WebEx

1. Call to Order
2. Approval of Minutes (August 9, 2023)
3. Old Business
      A. 1400 Broad, LLC - Ratify STE extension of time for 1400 Broad, LLC
      B. Olbiston Apartments, LLC - Ratify Leaseback Amendment for Olbiston Apartments, LLC
      C. 2024 UIDA Budget – Approval of 2024 Budget
4.  New Business
   A. Historical Park Apartments - Consider an Inducement Resolution relating to the HP Utica Preservation LLC Facility, taking official preliminary action toward the provision of financial assistance, including the issuance of tax-exempt bonds (estimated at $21,200,000.00), exemptions from sales tax (value estimated at $326,745), exemptions from mortgage recording tax (value estimated at $159,000) and reduction of real property taxes for a period of 30 years (value estimated at $26,483), which financial assistance is a deviation from the Agency’s Uniform Tax Exemption Policy.
5. Executive Session (if required)
6. Adjourn

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

Access code:                 2633 405 7505

or joining the meeting at Meeting link:

https://cityofutica.webex.com/cityofutica/j.php?MTID=mf0e8b186ee5648e0cbb88285efbf84c8

Meeting password:     PmPPZ3KnA52