WEBVTT 1 "jspaeth@cityofutica.com" (3328702976) 00:00:00.000 --> 00:00:29.487 I left my in the car. All right. Call the meeting to order. Can I get approval the minutes January 1520 2420 05:25 1 s one favor? Bo somoved. You took a harborder Lodging Group. I'm here to listen. Lauren do you want to start that or? 2 "3157****98" (177850368) 00:00:29.487 --> 00:00:57.170 Sure. So the 1st action the board needs to take is to consider a statement of retail findings. This project is considered a retail project under the act, so in order to qualify financial assistance, the board needs to make specific findings regarding the project and then ask the mayor to confirm your proposed action. 3 "jspaeth@cityofutica.com" (3328702976) 00:00:57.170 --> 00:01:22.710 Okay. Can I get them? Just I just want to add while the hotels are, not, you know, the necessarily the destination place for the retail findings, they do assist with the people that are coming in from out of town and you know by by virtue of having a place for them to stay while they are here. So that's how they're kind of an associated relationship there. 4 "3157****70" (3533293568) 00:01:22.710 --> 00:01:38.929 Hang on if you look in your, if you look in your package, you'll note that the finding you're specifically asked to make is that it qualifies for retail and so far as it's located in a distressed, highly distressed area. 5 "jspaeth@cityofutica.com" (3328702976) 00:01:38.929 --> 00:02:07.550 Oh, ok. Now connect connect the motion. Second. All right. Second. I both so moved. Okay B ok Utica Harbor lodging group LLC will consider a final authorizing resolution relating to the Udica harbor lodging group. 6 "jspaeth@cityofutica.com" (3328702976) 00:02:07.550 --> 00:02:25.080 LLC facility authorizing financial assistance in the form of exemptions from sales tax valued at $2143751. Exemptions from mortgage recording tax valued at $261000 and reduction of pardon me. 7 "jspaeth@cityofutica.com" (3328702976) 00:02:25.080 --> 00:02:45.080 Of real property tax for a period of 24 years valued at $11078436, which financial assistance is a deviation from the agency's uniform tax exemption policy and approving the form and execution of related documents in the agency standard forms. 8 "jspaeth@cityofutica.com" (3328702976) 00:02:45.080 --> 00:03:11.880 Subject to council review, the agency conducted a public hearing on 28 February 2025 to which there was NO comments. Not even the school boarding, not even the school board NO. You mean January you said February, my hearing gone? January. January. Yeah. If I said February my my mistake. Yeah. I got a motion to consider a final authorizing resolution. 9 "jspaeth@cityofutica.com" (3328702976) 00:03:11.880 --> 00:03:31.880 Second second. In this period now that they're saving on this money. What what do we collect? Anything? Well, the original amount was the 70000 for 20 years. So we are somewhere around like 210 200 and. 10 "jspaeth@cityofutica.com" (3328702976) 00:03:31.880 --> 00:03:52.850 20000 you know per year, and then that that would be divided amongst the taxing jurisdictions and the prorated. Yeah, so whole lot better than what it was. Yeah, Instead of a drain on the city not just the Right exactly. And the county go. 11 "jspaeth@cityofutica.com" (3328702976) 00:03:52.850 --> 00:04:13.770 This is the hotel sales tax numbers and stuff like that so. All right, all better. Okay, next on the agenda is BG warehouse LOC. Again, we're here to consider a final authorizing resolution redeleting to the BG warehouse LLC. 12 "jspaeth@cityofutica.com" (3328702976) 00:04:13.770 --> 00:04:32.639 Facility authorizing financial assistance in the form of exemptions from sales tax valued at 131 $250000 $131250. A reduction and a reduction in real property tax for a period of five years valued at $687002. 13 "jspaeth@cityofutica.com" (3328702976) 00:04:32.639 --> 00:04:50.339 Which financial assistance has deviation from the agency's uniform tax exemption policy and approving the form and execution of related documents in the agency standard form subject to council review. The agency conducted a public hearing on 4 February 2025 to which there was NO conduct. 14 "jspaeth@cityofutica.com" (3328702976) 00:04:50.339 --> 00:05:11.879 This just a final resolution for extensions or anything at this point? No, NO, this is they had a ten year pilot, ok, then they, they were supposed to create maybe 20 jobs, they created probably about 85 or something. It was a big number. This time they're sticking. 15 "jspaeth@cityofutica.com" (3328702976) 00:05:11.879 --> 00:05:31.879 Due to tendency moving and then the availability of 60000 sq ft. They're going to recreate that for currentn's purposes. 3 million into equipment, 3 million into the building itself. There is there is NO mortgage recording tax on this. They own the building. 16 "jspaeth@cityofutica.com" (3328702976) 00:05:31.879 --> 00:05:53.671 So again they're supposed to create probably ten jobs still most likely create 30 s, second on favorse so moved. No business. Linda, were you going to address the uniform evaluation criteria? 17 "3157****70" (3533293568) 00:05:53.671 --> 00:06:16.219 I can, I mean it's pretty, pretty straightforward. So at some point we have to review the entire evaluation criteria for the agency on specific, you know, specific contacts but New York State has required that we included our policy to get special conclusion. 18 "3157****70" (3533293568) 00:06:16.219 --> 00:06:45.275 That include on site childcare, so we are taking that step now to to approve that. At some point we will include that in the policy and circulated all the jurisdictions for approval. But right now we are passing a resolution whereby the agency will consider on site childcare in their evaluation criteria. 19 "jspaeth@cityofutica.com" (3328702976) 00:06:45.275 --> 00:06:51.359 Alright. Okay. 20 "jspaeth@cityofutica.com" (3328702976) 00:06:51.359 --> 00:07:11.359 Done all in favor? It's almost. Anything else? That is all that I have. Only thing I'd like to do is recognize Steve Dearrand as you passed away. Hello there work work for me at MBCC passed away just this week. 21 "jspaeth@cityofutica.com" (3328702976) 00:07:11.359 --> 00:07:21.053 Worked in the ground. Oh day. Al Stein from MB. 22 "jspaeth@cityofutica.com" (3328702976) 00:07:23.674 --> 00:07:42.658 Steve wasn't with us long, but he's a great, great guy, so I did, yeah. And I'll make note of the minutes. All right. All in favor? Doubled. Well done. 23 "3157****70" (3533293568) 00:07:42.658 --> 00:07:46.875 Who they consider. Great I love your meetings. 24 "jspaeth@cityofutica.com" (3328702976) 00:07:46.875 --> 00:07:49.574 Yes, they're getting better. 25 "3157****98" (177850368) 00:07:49.574 --> 00:07:54.179 Bye bye. Thank you. 26 "jspaeth@cityofutica.com" (3328702976) 00:07:54.179 --> 00:07:56.388 Thank you.