Agenda

Utica Industrial Development Agency

Regular Meeting – Wednesday, December 20, 2023 @ 9:00am

Utica City Hall, Utica, New York and via WebEx

1. Call to Order

2. Approval of Minutes (December 6, 2023)

3. Old Business

     A. Utica Harbor Lodging Group LLC -

Consider an inducement resolution relating to the Utica Harbor Lodging Group LLC Facility, providing preliminary approval for financial assistance in the form of exemptions from sales tax (valued at $4,375,000.00), exemptions from mortgage recording tax (valued at $375,000.00) and reduction of real property tax for a period of 22 years during which time the Company will pay as PILOT Payments (a) 100% of taxes for a period of two (2) years and (b) an annual fixed amount of $70,000.00 for a period of twenty (20) years (estimated value $22,510,886.00), which financial assistance is a deviation from the Agency’s Uniform Tax Exemption Policy and authorizing the Agency to conduct a public hearing.

     B. SEQR Resolution - Consider a SEQR Resolution relating to the Utica Harbor Lodging Group LLC facility.

4. New Business

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:                     2634 058 6861

or joining the meeting at Meeting link:

https://cityofutica.webex.com/cityofutica/j.php?MTID=md8c18385c44bc2ce6ea374d7ea8c254b

Meeting password:     PGyQMpyj289