Agenda
Utica Industrial Development Agency
Regular Meeting – Wednesday, January 15, 2025 @ 9:00am
Utica City Hall, Utica, New York and via WebEx
- Call to Order
- Approval of Minutes (December 11, 2024)
- Old Business
A. Utica Harbor Lodging Group, LLC
Consider an inducement resolution relating to the Utica Harbor Lodging Group, LLC Facility (a) making a determination relating to SEQR; (b) making a finding that the Residential Project will create employment opportunities and prevent economic deterioration in the City of Utica; (c) granting preliminary approval for financial assistance in the form of exemptions from sales tax (valued at $2,143,751), exemptions from mortgage recording tax (valued at $261,000) and reduction of real property tax for a period of 24 years (valued at $11,078,436), which proposed financial assistance is a deviation from the Agency’s Uniform Tax Exemption Policy; and (d) authorizing the Agency to schedule a public hearing
B. Historical Park Apartments
Consider a resolution relating to the Historical Park Apartments Facility, authorizing the Agency to mortgage its leasehold interest in the Facility to Graystone Bank and approving the form and execution of related documents, subject to counsel review. The Company is not requesting mortgage recording tax exemptions.
4. New Business
A. BG Warehouse, LLC
Consider an inducement resolution relating to the BG Warehouse, LLC Facility (a) making a determination relating to SEQR; (b) granting preliminary approval for financial assistance in the form of exemptions from sales tax (valued at $131,250) and reduction of real property tax for a period of 5 years (valued at $687,002), which proposed financial assistance is a deviation from the Agency’s Uniform Tax Exemption Policy; and (c) authorizing the Agency to schedule a public hearing.
5. Executive Session (if required)
6. Adjourn
Members of the public may listen to the meeting by calling
1-408-418-9388, Access code: 2870 523 7686 or joining the meeting at Meeting link: https://cityofutica.webex.com/cityofutica/j.php?MTID=m3001909e718b24bc58903c055d01663c
Meeting password: Dza7RCNCf24
The Minutes of the Agency meeting will be transcribed and posted on the UIDA website.
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Agenda
Utica Industrial Development Agency
Annual Meeting – Wednesday, January 15, 2025 @ 9:00am
City Hall, Utica, New York via WebEx
- Call to Order
- Approval of Minutes (April 3, 2024)
- Old Business
A. Confirmation and Nomination of Officers
B. Ratification and Confirmation of all actions taken by UIDA in 2024
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: 2870 523 7686 or joining the meeting at Meeting link:
https://cityofutica.webex.com/cityofutica/j.php?MTID=m3001909e718b24bc58903c055d01663c Meeting password: Dza7RCNCf24
The Minutes of the Agency meeting will be transcribed and posted on the UIDA website.
