Agenda

Utica Industrial Development Agency

Regular Meeting – Wednesday, October 2, 2024 @ 9:00am

Utica City Hall, Utica, New York and via WebEx

1. Call to Order
2. Approval of Minutes (September 11, 2024)
3. Old Business
     A. People First – Impact Cornhill LLC – Consider a final authorizing resolution relating to the Impact Cornhill LLC facility, authorizing financial assistance in the form of reduction of real property tax for a period of 32 years during which time the Company will pay as PILOT Payments (i) during the construction period in exemption years one and two: an amount equal to the taxes calculated using the assessment of the Land for the 2024 taxable status date and (ii) in exemption years three through thirty-two: eight percent (8.00%) of the effective gross income of the Facility (value estimated at $8,247,484) and approving the form and execution of related documents in the Agency’s customary form, subject to counsel review.
4. New Business
5. Executive Session (if required)
6. Adjourn

Members of the public may listen to the meeting by calling

 1-408-418-9388, Access code:           2631 809 6058     or joining the meeting at Meeting link: https://cityofutica.webex.com/cityofutica/j.php?MTID=ma5a6cdc1ce2eb0b25f283705105389fb

Meeting password:     daPjqwJF973

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