Agenda
Utica Industrial Development Agency
Regular Meeting – Wednesday, October 11, 2023 @ 9:00am
Utica City Hall, Utica, New York and via WebEx
- Call to Order
- Approval of Minutes (August 9, 2023)
- Old Business
A. 1400 Broad, LLC - Ratify STE extension of time for 1400 Broad, LLC
B. Olbiston Apartments, LLC - Ratify Leaseback Amendment for Olbiston Apartments, LLC
C. 2024 UIDA Budget – Approval of 2024 Budget - New Business
A. Historical Park Apartments - Consider an Inducement Resolution relating to the HP Utica Preservation LLC Facility, taking official preliminary action toward the provision of financial assistance, including the issuance of tax-exempt bonds (estimated at $21,200,000.00), exemptions from sales tax (value estimated at $326,745), exemptions from mortgage recording tax (value estimated at $159,000) and reduction of real property taxes for a period of 30 years (value estimated at $26,483), which financial assistance is a deviation from the Agency’s Uniform Tax Exemption Policy. - Executive Session (if required)
- Adjourn
Members of the public may listen to the Agency meeting by calling 1-408-418-9388,
Access code: 2633 405 7505
or joining the meeting at Meeting link:
https://cityofutica.webex.com/cityofutica/j.php?MTID=mf0e8b186ee5648e0cbb88285efbf84c8
Meeting password: PmPPZ3KnA52