Agenda

Utica Industrial Development Agency

Regular Meeting – Wednesday, August 9, 2023 @ 9:00am

Utica City Hall, Utica, New York and via WebEx

1. Call to Order

2. Approval of Minutes (June 7, 2023)

3. Old Business

     3A.  New Business

 Lahinch Utica III LLC - Consider a final authorizing resolution relating to the Lahinch Utica III LLC (Mayro Building) facility, authorizing financial assistance that is a deviation from Policy 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) and approving the form and execution of related documents subject to counsel review.

     3B. Hotel Street Owner LLC – Consider a SEQR resolution relating to the Hotel Street Owner LLC facility.

Consider a final authorizing resolution relating to the Hotel Street Owner LLC facility, authorizing financial assistance that is a deviation from Policy 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) and approving the form and execution of related documents.

     3C. 1002 Oswego Street, LLC - Ratify execution of a Mortgage Modification Agreement relating to the 1002 Oswego Street, LLC facility, which was authorized under the final resolution for the project.

 4. Annual Project Review (2022) con’t

 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 251 3990      or joining the meeting at Meeting link:

https://cityofutica.webex.com/cityofutica/j.php?MTID=m820b8256acd5680084c53c3677ae2b5a

Meeting password:     9pKVPKGed32

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