Agenda
Utica Industrial Development Agency
Regular Meeting – Wednesday, October 1, 2025 @ 8:30am
Utica City Hall, Utica, New York and via WebEx
- Call to Order
2. Approval of Minutes – August 20, 2025
3. Old Business
A. True Storage Utica, LLC – Consider a Statement of Retail Findings relating to the True Storage Utica, LLC facility and directing the Agency to request the Mayor of Utica execute a Certificate of Chief Executive Officer, confirming financial assistance to a retail facility.
B. True Storage Utica, LLC - Consider a final authorizing resolution relating to the True Storage Utica, LLC facility, approving financial assistance in the form of exemptions from sales tax (valued at $262,500.00), exemptions from mortgage recording tax (valued at $37,500.00) and reduction of real property tax for a period of five years (valued at $242,042.00), which financial assistance is consistent with the Agency’s Uniform Tax Exemption Policy, and authorizing the form and execution of related documents, subject to counsel approval and all subject to obtaining the Certificate of Chief Executive Officer.
C. RED Adirondacks, LLC - Consider a final authorizing resolution relating to the RED Adirondacks LLC facility, approving financial assistance in the form of exemptions from sales tax (valued at $183,750.00), exemptions from mortgage recording tax (valued at $30,000.00) and reduction of real property tax for a period of ten years (valued at $1,059,968.00) which PILOT Agreement is assignable to a purchaser of a unit, which financial assistance is a deviation from the Agency’s Uniform Tax Exemption Policy, and authorizing the form and execution of related documents, subject to counsel approval.
4. New Business
A. UCDC Service Agreement - Consider a resolution authorizing the Agency to enter into a Service Agreement with Utica Civic Development Corporation and approving the form and execution of related documents, subject to counsel approval.
5. Executive Session (if required)
6. Adjourn
Members of the public may listen to the meeting by calling
1-408-418-9388, Access code: 2861 713 8598 or joining the meeting at Meeting link:
https://cityofutica.webex.com/cityofutica/j.php?MTID=me3cf711e2a1901624e50a5c62c424960
Meeting password: 36r3uNSyHhQ
The Minutes of the Agency meeting will be transcribed and posted on the UIDA website.
