WEBVTT 1 00:00:01.439 --> 00:00:13.285 Okay, nineteen hundred bleaker LLC on behalf of itself and, or the principles of nineteen hundred, bleaker LLC and or an entity for under two. We formed on behalf of any other four going. Collectively. 2 00:00:13.285 --> 00:00:28.074 The company is applied to the agency to enter into a transaction in which the agency will assistant partial demolition construction renovation of a two hundred and twenty five thousand or a square foot building into an 3 00:00:28.105 --> 00:00:30.024 eighty four thousand square foot building. 4 00:00:30.510 --> 00:00:31.170 Collectively. 5 00:00:31.164 --> 00:00:45.655 The improvement situated on a four point two plus or minus acre parcel of land located at nineteen hundred, bleaker street city of Utica County, New York gland and the acquisition and installation of machinery and equipment in the improvements. 6 00:00:45.655 --> 00:00:46.284 The equipment. 7 00:00:47.130 --> 00:01:01.975 All for the adaptive reuse of the improvements to, at least for manufacturing industrial or distribution tenants, and to enhance economic development and retain employment in Utica land improvements and equipment. 8 00:01:01.975 --> 00:01:03.265 Collectively the facility. 9 00:01:04.469 --> 00:01:16.674 In the partial demolition construction renovation and equipping of the improvements is referred to as the project a facility will be initially least operated and or managed by the company. 10 00:01:17.310 --> 00:01:23.094 The company will own the facility at least the facility to the agency and the agency will. 11 00:01:23.094 --> 00:01:35.575 At least the facility back to the company, or a term of approximately ten years, the company will identify one or more manufacturing industrial or distribution tenants, sublease the facility for operation. 12 00:01:37.674 --> 00:01:42.385 At the end of the lease term. The agency will terminated leasehold interest in the facility. 13 00:01:42.834 --> 00:01:57.174 The agency contemplates that will provide financial assistance to the company in the form of exemptions from sales, and use taxes, exemptions for mortgage recording taxes and reduction of real property taxes for a period of ten years with proposed. 14 00:01:57.174 --> 00:02:02.545 Financial assistance is a deviation from the agencies uniform, tax exemption policy. 15 00:02:04.015 --> 00:02:18.504 To be more particularly described any final authorizing resolution to be adopted by the agency prior to the closing the transactions described here in because of the Nobel Coronas corona virus covet 16 00:02:18.504 --> 00:02:27.689 nineteen emergency and state and federal bands on large meetings are gatherings and pursuant to government was executive order two, 17 00:02:27.685 --> 00:02:30.235 two zero point one issued on March twelve th, 18 00:02:30.539 --> 00:02:30.780 twenty, 19 00:02:30.775 --> 00:02:33.444 twenty so spending the open meetings law, 20 00:02:33.719 --> 00:02:41.694 the public hearing will be held electronically via conference call instead of a public hearing open to the public to attend. 21 00:02:42.780 --> 00:02:56.754 Members over the public may listen to the public hearing and comment on the project and the benefits to be granted through the applicant by the agency during the public hearing by calling four zero, eight, four, eight, nine, three, eight, eight access. 22 00:02:57.270 --> 00:03:03.444 Three two, eight, one, two, nine, one, four or five garments may also be submitted to the agency and writing role. 23 00:03:04.530 --> 00:03:14.335 Minutes of the public hearing will be transcribed and posted on the agencies website. A copy of the application for financial assistance filed by the company with the agency. 24 00:03:14.335 --> 00:03:23.455 Including an analysis of the cost of benefits of the proposed facility is available for public inspection at the offices of the agency. When Kennedy plays a unit in New York. 25 00:03:26.365 --> 00:03:38.155 So, generally, I hold the public hearing open for fifteen minutes if no one grabs on at that time. And I assume that they're not interested for the record. We did receive a letter for. 26 00:03:39.090 --> 00:03:51.145 Utica Central school, this district saying that they're not in favor of the, a pilot program, and that it will take away from the. 27 00:03:51.689 --> 00:03:58.074 Educational needs or the area children. So this is a typical letter that we have been receiving from the. 28 00:03:59.544 --> 00:04:02.514 From the school district for about a year now. 29 00:04:03.240 --> 00:04:05.995 So, just for the record, and there will be. 30 00:04:07.860 --> 00:04:10.314 Hold in the eight in the agencies office also. 31 00:04:27.925 --> 00:04:28.375 Excuse me? 32 00:11:57.264 --> 00:11:58.735 Check check, check, check. 33 00:12:02.664 --> 00:12:03.414 On the pages. 34 00:13:28.195 --> 00:13:36.504 Okay, all that are on this phone call on this WebEx being that there are no comments. I will close the public hearing. 35 00:13:40.044 --> 00:13:44.634 Any questions for me, gentlemen done for me. 36 00:13:47.215 --> 00:13:50.034 Okay, thank you very much. Gentlemen. You have a great day. 37 00:13:50.940 --> 00:14:02.965 And we'll continue along in the process. Thank you Jack appreciated. Yeah, have a good weekend. Stay sick Jack. Yeah. Take care. Yeah. Take care. Bye. Bye. Bye.