Agenda

Utica Industrial Development Agency

Regular Meeting – Wednesday, June 7, 2023 @ 9:00am

Utica City Hall, Utica, New York and via WebEx

1. Call to Order

2. Approval of Minutes (May 3, 2023)

3. Old Business

     A.

4. New Business

     A. Lahinch Utica III LLC - Consider an inducement resolution relating to the Lahinch Utica III, LLC Facility, granting preliminary approval for financial assistance in the form of exemptions from sales tax (valued at $788,741), exemptions from mortgage recording tax (valued at $84,811) and reduction of real property taxes for a period of 12 years (valued at $634,338), which is a deviation from the Agency’s Uniform Tax Exemption Policy.

Consider a SEQR resolution relating to the Lahinch Utica III, LLC Facility. The City of Utica Planning Board served as lead agency for the SEQR review, and the Agency wishes to adopt the findings and determinations of the lead agency.

     B. Hotel Street Owner LLC - Consider an inducement resolution relating to the Hotel Street Owner, LLC Facility, granting preliminary approval for financial assistance in the form of exemptions from sales tax (valued at $787,980), exemptions from mortgage recording tax (valued at $109,268) and reduction of real property taxes for a period of 12 years (valued at $621,391), which is a deviation from the Agency’s Uniform Tax Exemption Policy.

     C. Annual Project Review (2022)

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:                 2630 239 8356      or joining the meeting at Meeting link:

https://cityofutica.webex.com/cityofutica/j.php?MTID=mc2965064e1da6b4dd132d2db3d49e200

Meeting password:     gnPhjNfb274

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