UIDA 10-11-23

UIDA meeting

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Utica Industrial Development Agency

Regular Meeting – Wednesday, October 11, 2023 @ 9:00am

Utica City Hall, Utica, New York and via WebEx


  1. Call to Order
  2. Approval of Minutes (August 9, 2023)
  3. 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
  4.  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.
  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:                 2633 405 7505

or joining the meeting at Meeting link:


Meeting password:     PmPPZ3KnA52