Agenda

Utica Industrial Development Agency

Regular Meeting – Wednesday, August 17, 2022 @ 9:00am

Utica City Hall, Utica, New York and via WebEx

1. Call to Order

2. Approval of Minutes (May 4, 2022)

3.       Old Business

     A. Utica Sunset Associates, LLC

Consider a request from Utica Sunset Associates, LLC to enter into a Regulatory Agreement with Housing Trust Fund Corporation, authorizing the form and execution of related documents, subject to counsel review.

     B. Carbone Commercial Property, LLC - Consider a request from Carbone Commercial Property, LLC to consent to the sublease of portions of the Facility to 16 Stone Brewpub and Divine Kneads.

4. New Business

      A. Artspace, LLC - Consider an inducement resolution relating to the Artspace, LLC Facility, granting preliminary approval for financial assistance in the form of reduction of real property tax for a period of 30 years (value estimated at $6,845,270), which financial assistance is a deviation from the Agency’s Uniform Tax Exemption Policy and authorizing the Agency to conduct a public hearing.

     B. 1400 Broad, LLC/BGM Supply - Consider an inducement resolution relating to the 1400 Broad, LLC/BGM Supply Facility, granting preliminary approval for financial assistance in the form of reduction of real property tax for a period of 10 years (value estimated at $155,918), which financial assistance is consistent with the Agency’s Uniform Tax Exemption Policy and authorizing the Agency to conduct a public hearing. Also, consider a SEQR resolution relating to the 1400 Broad, LLC/BGM Supply The Agency is acting as lead agency for the SEQR review and has determined the project is a Unlisted Action project.

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:     2631 802 6608

or joining the meeting at Meeting link:

Meeting password:     7xAm43fsBVu

The Minutes of the Agency meeting will be transcribed and posted on the UIDA website.