UIDA 9-7-22

UIDA meeting

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Utica Industrial Development Agency

Regular Meeting – Wednesday, September 7, 2022 @ 9:00am

Utica City Hall, Utica, New York and via WebEx


1. Call to Order

2. Approval of Minutes (August 17, 2022)

3. Old Business

     A. 1400 Broad, LLC/The Shepherd Group, LLC (BGM Supply) Facility

Consider a final authorizing resolution relating to 1400 Broad, LLC/The Shepherd Group, LLC (BGM Supply) Facility, approving financial assistance in the form of exemptions from sales tax (valued at $72,188), exemptions from mortgage recording tax (valued at $4,784) and reduction of real property tax for a period of ten years (valued at $155,918), which financial assistance is consistent with the Agency’s Uniform Tax Exemption Policy, making the finding that the project is reasonably necessary to preserve the competitive position of the project occupant in its industry, and authorizing the form and execution of related documents, all in the Agency’s standard forms and subject to counsel review.

     B. Bowers Development – Discussion of current projects


     C. GSCB, LLC – Consider extension of Sales Tax Exemption per request


4. New Business


     A. FINANCE COMMITTEE – 2023 Budget – Approval of the 2023 Budget by the Finance Committee


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 194 9935

 or joining the meeting at Meeting link:

https://cityofutica.webex.com/cityofutica/j.php?MTID=mf8e412b729a0f14eb240bd6caa27acf2 Meeting password:     maPUsiDs375


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