Montgomery County Industrial Development Agency Meeting August 11, 2016 Meeting Minutes

Transcription

1 Montgomery County Industrial Development Agency Meeting August 11, 2016 Meeting Minutes MEMBERS PRESENT: Robert Hoefs, Chairman Carol Shineman, Vice-Chair Robert Harris, Treasurer Matthew Beck, Secretary John Macci, Daniel Wilson, John McGlone, ABSENT: STAFF MEMBERS PRESENT: Kenneth F. Rose, Chief Executive Officer Sheila Snell, Chief Financial Officer Danielle Whelly, Economic Dev Specialist OTHERS PRESENT: I. Call to Order The meeting was called to order by Chairman Robert Hoefs at 4:25 P.M. II. Minutes Motion was made by Robert Harris, seconded by John McGlone to approve the IDA regular meeting minutes of June 9, All members present were in favor. III. Executive Session Motion was made by Carol Shineman, seconded by Robert Harris to enter into executive session to discuss financial history of a particular person and/or corporation at 4:27pm. All members present were in favor A motion was made by Matthew Beck, seconded by John Macci to adjourn executive session at 6:09pm. All members present were in favor. No action was taken in Executive Session. Note: Robert Hoefs, Chairman, excused himself from the meeting. Carol Shineman, Vice Chair resumed the meeting. IV. Communications There was no communications to report V. Public Comments There was no public comment to report. VI. Chair s Report MCIDA Minutes

2 There was no Chair s report VII. Director s Report A. Staff Reports Mr. Rose indicated that the staff reports were included in the packet, and to inquire directly with the appropriate staff member if there were any questions. B. Dollar General Mr. Rose informed the board that the local Site Plan Review and Subdivision Approval process for the proposed Dollar General Distribution Center project in the Florida Business Park Extension is still proceeding through the Town of Florida Planning. Mr. Rose informed the board that the Town of Florida Planning Board issued a negative declaration for the SEQR process in relation to the project out their August 1 st meeting. The next meeting for the Town Planning Board to continue its review of the project is scheduled for September 12 th. C. CFA Updates Mr. Rose informed the board that staff had written and submitted about dozen CFA s as part of Round 6. Projects ranged from community development projects to private sector initiatives. Mr. Rose informed the board that one of the CFA s requested $1.5 million in Empire State Development Grant funds to help offset the costs of State Highway 5S road widening and infrastructure work necessary for the full build out of the Florida Business Park Extension and the Dollar General project. Ms. Whelly informed the board of two CFA applications submitted for the City of Amsterdam. The projects include the Sanford Clock Tower Incubator and the City of Amsterdam Microenterprise Program. Ms. Whelly explained that the two projects would work together to create a holistic small business assistance program. The Sanford Clock Tower Incubator project includes the rehabilitation of the building s 6 th floor to be utilized for incubator and office space, housing up to forty startup businesses per year. Montgomery County Business Development Center staff have been working with the City of Amsterdam to form partnerships with Fulton Montgomery Community College, the Chamber of Commerce, and the Small Business Administration to develop well-rounded programming for incubator participants. The Amsterdam Microenterprise Program would allow MCBDC and the City of Amsterdam to provide financial assistance for startup and small businesses, especially those whose projects include job creation and will be located in the Sanford Clock Tower and other downtown areas. Ms. Whelly explained that the intent of these two programs is to create an Entrepreneurial Hub for the region in this part of the County. D. Former Beech Nut, Canajoharie Update Mr. Rose informed the board that a group of County and Village representatives attended the 2016 Sustainable Cities Design Academy on August 3-5 in Washington D.C. The Beech Nut project was one of four winning public-private development teams chosen from a field that applied for the chance to showcase their work before a panel of international visionary designers and sustainability leaders for the design charrette. John McGlone was one of the Village representatives. Mr. McGlone informed the board that the Academy was well worth the effort and that the knowledge and background of the various advisors, architects, etc will be extremely MCIDA Minutes

3 beneficial to the Montgomery County/Village team moving forward. Mr. McGlone also stated that a presentation on some of the ideas will be forthcoming shortly. VIII. Financial Report IDA Financial report Ms. Snell stated that the financial report was included in the board packet for review. Ms. Snell indicated we did receive the Agency fee for RAMA Real Properties, LLC and Home Helpers Direct Link of Amsterdam. The project closed on June 21, Revolving Loan Fund Ms. Snell indicated that the revolving loan fund report was included in the board packet for review. Ms. Snell informed the Board that Tres Locos had paid their loan in full on August 2, IX. Unfinished Business None. X. New Business A. RLF Application -Action Item The following resolution was offered by John McGlone seconded by Matt Beck to wit: RESOLUTION RECOMMENDING REVOLVING LOAN FUND APPROVAL FOR TES CORPORATION AND NEW PROCESS CLEANERS. The question of the adoption of the foregoing resolution was duly put to vote on roll call, which resulted as follows: Robert Hoefs VOTING ABSENT Carol Shineman VOTING YES Robert Harris VOTING YES John Macci VOTING YES Daniel Wilson VOTING YES John McGlone VOTING YES Matthew Beck VOTING YES The foregoing Resolution No was thereupon declared duly adopted B. RLF Application -Action Item The following resolution was offered by Matt Beck seconded by John Macci to wit: RESOLUTION RECOMMENDING REVOLVING LOAN FUND APPROVAL FOR AJ BAKE FACTORY AND NY BAKE FACTORY. MCIDA Minutes

4 The question of the adoption of the foregoing resolution was duly put to vote on roll call, which resulted as follows: Robert Hoefs VOTING ABSENT Carol Shineman VOTING YES Robert Harris VOTING YES John Macci VOTING YES Daniel Wilson VOTING YES John McGlone VOTING YES Matthew Beck VOTING YES The foregoing Resolution No was thereupon declared duly adopted C. RLF Application -Action Item The following resolution was offered by Matt Beck seconded by John McGlone to wit: RESOLUTION RECOMMENDING REVOLVING LOAN FUND APPROVAL FOR FABER PROPERTIES, LLC AND FLOORING AUTHORITY, INC. The question of the adoption of the foregoing resolution was duly put to vote on roll call, which resulted as follows: Robert Hoefs VOTING ABSENT Carol Shineman VOTING YES Robert Harris VOTING YES John Macci VOTING YES Daniel Wilson VOTING YES John McGlone VOTING YES Matthew Beck VOTING YES The foregoing Resolution No was thereupon declared duly adopted XI. Adjournment A motion was made by Carol Shineman, seconded John Macci to adjourn the meeting at 6:30pm. All members present were in favor. Respectfully submitted Sheila M. Snell CFO/Economic Development Specialist Attachments: Resolution No Resolution No Resolution No MCIDA Minutes

5 RESOLUTION RECOMMENDING REVOLVING LOAN FUND APPROVAL FOR TES CORPORATION and NEW PROCESS CLEANERS A regular meeting of Montgomery County Industrial Development Agency (the "Agency") was convened in public session at the offices of the Agency located at the Old County Courthouse, 9 Park Street, Fonda, New York on August 11, 2016 at 4:30 P.M. The meeting was called to order by the Chairman and, upon roll being called, the following members of the Agency were: PRESENT: Carol Shineman Robert Harris Matthew Beck Daniel Wilson John Macci John McGlone Vice-Chair Treasurer Secretary ABSENT Robert Hoefs Chairman THE FOLLOWING PERSONS WERE ALSO PRESENT: Kenneth Rose Sheila Snell Danielle Whelly Chief Executive Officer Chief Financial Officer Economic Development Specialist The following resolution was offered by John McGlone seconded by Matthew Beck to wit: Resolution No RESOLUTION RECOMMENDING REVOLVING LOAN FUND APPROVAL FOR TES CORPORATION AND NEW PROCESS CLEANERS WHEREAS, Montgomery County Industrial Development Agency (the Agency ) is authorized and empowered by the provisions of Chapter 1030 of the 1969 Laws of New York, constituting Title 1 of Article 18-A of the General Municipal Law, Chapter 24 of the Consolidated Laws of New York, as amended (the Enabling Act ) and Chapter 666 of the 1970 Laws of New York, as MCIDA Res

6 amended, constituting Section 895-d of said General Municipal Law (said Chapter and the Enabling Act being hereinafter collectively referred to as the Act ) to promote, develop, encourage, and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing of industrial, warehousing, commercial, research and manufacturing facilities, among others, for the purpose of promoting, attracting and developing economically sound commerce and industry to advance the job opportunities, health, general prosperity and economic welfare of the people of the State of New York, to improve their prosperity and standard of living, and to prevent unemployment and economic deterioration, and WHEREAS, Montgomery County administers an Economic Development Program for the purpose of creating and retaining jobs, and WHEREAS, the Montgomery County Industrial Development Agency (MCIDA) has been approached by TES Corporation and New Process Cleaners for a loan request of $100, at an interest rate of 3.50% for seven (7) years for the purpose of purchasing real estate located at 27 Division Street, Amsterdam, NY along with furniture and fixtures, and WHEREAS, said applicant has agreed to four (4) FTE jobs and retain six (6) FTE s in conjunction with receiving the loan, and WHEREAS, the Montgomery County Industrial Development Agency has reviewed the business loan application from TES Corporation and New Process Cleaners; RESOLVED, that the Montgomery County Industrial Development Agency hereby recommends approval of the loan to TES Corporation and New Process Cleaners in a principal amount not to exceed $100,000.00, contingent upon receiving a satisfactory appraisal; and FURTHER RESOLVED, The officers, employees and agents of the Agency are hereby authorized and directed for and in the name and on behalf of the Agency to do all acts and things required or provided to carry out the terms of this Resolution, and to execute and deliver any additional certificates, instruments and documents, to pay all such fees, charges and expenses and to do all such further acts and things as may be necessary or, in the opinion of the officer, employee or agent acting, desirable and proper to effect the purposes of the foregoing Resolution and to cause compliance by the Agency with all of the terms, covenants and provisions of this Resolutions, and FURTHER RESOLVED, this Resolution shall take effect immediately. The question of the adoption of the foregoing resolution was duly put to vote on roll call, which resulted as follows: MCIDA Res

7 Robert Hoefs VOTING ABSENT Carol Shineman VOTING YES Robert Harris VOTING YES Matthew Beck VOTING YES Daniel Wilson VOTING YES John McGlone VOTING YES John Macci VOTING YES The foregoing Resolution No was thereupon declared duly adopted. MCIDA Res

8 STATE OF NEW YORK ) ) SS.: COUNTY OF MONTGOMERY ) I, the undersigned (Assistant) Secretary of Montgomery County Industrial Development Agency (the Agency ), do hereby certify that I have compared the foregoing extract of the minutes of the meeting of the members of the Agency held on August 11, 2016 with the original thereof on file in my office, and that the same is a true and correct copy of said original and of the whole of said original so far as the same relates to the subject matters therein referred to. I FURTHER CERTIFY that (A) all members of the Agency had due notice of said meeting; (B) said meeting was in all respect duly held; (C) pursuant to Article 7 of the Public Officers Law (the Open Meetings Law ), said meeting was open to the general public, and due notice of the time and place of said meeting was given in accordance with such Open Meetings Law; and (D) there was a quorum of the members of the Agency present throughout said meeting. I FURTHER CERTIFY that, as of the date hereof, the attached Resolution is in full force and effect and has not been amended, repealed or rescinded. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Agency this 11th day of August (Assistant) Secretary (S E A L) MCIDA Res

9 RESOLUTION RECOMMENDING REVOLVING LOAN FUND APPROVAL FOR NY BAKE FACTORY A regular meeting of Montgomery County Industrial Development Agency (the "Agency") was convened in public session at the offices of the Agency located at the Old County Courthouse, 9 Park Street, Fonda, New York on August 11, 2016 at 4:30 P.M. The meeting was called to order by the Chairman and, upon roll being called, the following members of the Agency were: PRESENT: Carol Shineman Robert Harris Matthew Beck Daniel Wilson John Macci John McGlone Vice-Chair Treasurer Secretary ABSENT: Robert Hoefs Chairman THE FOLLOWING PERSONS WERE ALSO PRESENT: Kenneth Rose Sheila Snell Danielle Whelly Chief Executive Officer Chief Financial Officer Economic Development Specialist The following resolution was offered by Matthew Beck seconded by John Macci to wit: Resolution No RESOLUTION RECOMMENDING REVOLVING LOAN FUND APPROVAL FOR NY BAKE FACTORY WHEREAS, Montgomery County Industrial Development Agency (the Agency ) is authorized and empowered by the provisions of Chapter 1030 of the 1969 Laws of New York, constituting Title 1 of Article 18-A of the General Municipal Law, Chapter 24 of the Consolidated Laws of New York, as amended MCIDA Res

10 RESOLUTION RECOMMENDING REVOLVING LOAN FUND APPROVAL FOR FABER PROPERTIES, LLC AND THE FLOORING AUTHORITY, INC. A regular meeting of Montgomery County Industrial Development Agency (the "Agency") was convened in public session at the offices of the Agency located at the Old County Courthouse, 9 Park Street, Fonda, New York on August 11, 2016 at 4:30 P.M. The meeting was called to order by the Chairman and, upon roll being called, the following members of the Agency were: PRESENT: Carol Shineman Robert Harris Matthew Beck Daniel Wilson John Macci John McGlone Vice-Chair Treasurer Secretary ABSENT: Robert Hoefs Chairman THE FOLLOWING PERSONS WERE ALSO PRESENT: Kenneth Rose Sheila Snell Danielle Whelly Chief Executive Officer Chief Financial Officer Economic Development Specialist The following resolution was offered by Matthew Beck seconded by John McGlone to wit: Resolution No RESOLUTION RECOMMENDING REVOLVING LOAN FUND APPROVAL FOR FABER PROPERTIES, LLC AND THE FLOORING AUTHORITY, INC. WHEREAS, Montgomery County Industrial Development Agency (the Agency ) is authorized and empowered by the provisions of Chapter 1030 of the 1969 Laws of New York, constituting Title 1 of Article 18-A of the General Municipal Law, Chapter 24 of the Consolidated Laws of New York, as amended (the Enabling Act ) and Chapter 666 of the 1970 Laws of New York, as amended, constituting Section 895-d of said General Municipal Law (said MCIDA Res

11 Chapter and the Enabling Act being hereinafter collectively referred to as the Act ) to promote, develop, encourage, and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing of industrial, warehousing, commercial, research and manufacturing facilities, among others, for the purpose of promoting, attracting and developing economically sound commerce and industry to advance the job opportunities, health, general prosperity and economic welfare of the people of the State of New York, to improve their prosperity and standard of living, and to prevent unemployment and economic deterioration, and WHEREAS, Montgomery County administers an Economic Development Program for the purpose of creating and retaining jobs, and WHEREAS, the Montgomery County Industrial Development Agency (MCIDA) has been approached by Faber Properties, LLC and The Flooring Authority, Inc., for a loan request of $252, at an interest rate of 3.50% for twenty (20) years for the purpose of purchasing real estate located at 6 Sam Stratton Road, Amsterdam, NY, and WHEREAS, said applicant has agreed to create nine (9) FTE jobs and retain four ½ (4.5) FTE s in conjunction with receiving the loan, and WHEREAS, the Montgomery County Industrial Development Agency has reviewed the business loan application from Faber Properties, LLC and The Flooring Authority, Inc., RESOLVED, that the Montgomery County Industrial Development Agency hereby recommends approval of the loan to Faber Properties, LLC and The Flooring Authority, Inc in a principal amount not to exceed $252,000.00; and FURTHER RESOLVED, The officers, employees and agents of the Agency are hereby authorized and directed for and in the name and on behalf of the Agency to do all acts and things required or provided to carry out the terms of this Resolution, and to execute and deliver any additional certificates, instruments and documents, to pay all such fees, charges and expenses and to do all such further acts and things as may be necessary or, in the opinion of the officer, employee or agent acting, desirable and proper to effect the purposes of the foregoing Resolution and to cause compliance by the Agency with all of the terms, covenants and provisions of this Resolutions, and FURTHER RESOLVED, this Resolution shall take effect immediately. The question of the adoption of the foregoing resolution was duly put to vote on roll call, which resulted as follows: MCIDA Res

12 Robert Hoefs VOTING ABSENT Carol Shineman VOTING YES Robert Harris VOTING YES John Macci VOTING YES Daniel Wilson VOTING YES John McGlone VOTING YES Matthew Beck VOTING YES The foregoing Resolution No was thereupon declared duly adopted. MCIDA Res

13 STATE OF NEW YORK ) ) SS.: COUNTY OF MONTGOMERY ) I, the undersigned (Assistant) Secretary of Montgomery County Industrial Development Agency (the Agency ), do hereby certify that I have compared the foregoing extract of the minutes of the meeting of the members of the Agency held on August 11, 2016 with the original thereof on file in my office, and that the same is a true and correct copy of said original and of the whole of said original so far as the same relates to the subject matters therein referred to. I FURTHER CERTIFY that (A) all members of the Agency had due notice of said meeting; (B) said meeting was in all respect duly held; (C) pursuant to Article 7 of the Public Officers Law (the Open Meetings Law ), said meeting was open to the general public, and due notice of the time and place of said meeting was given in accordance with such Open Meetings Law; and (D) there was a quorum of the members of the Agency present throughout said meeting. I FURTHER CERTIFY that, as of the date hereof, the attached Resolution is in full force and effect and has not been amended, repealed or rescinded. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Agency this 11th day of August (Assistant) Secretary (S E A L) MCIDA Res

14 (the Enabling Act ) and Chapter 666 of the 1970 Laws of New York, as amended, constituting Section 895-d of said General Municipal Law (said Chapter and the Enabling Act being hereinafter collectively referred to as the Act ) to promote, develop, encourage, and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing of industrial, warehousing, commercial, research and manufacturing facilities, among others, for the purpose of promoting, attracting and developing economically sound commerce and industry to advance the job opportunities, health, general prosperity and economic welfare of the people of the State of New York, to improve their prosperity and standard of living, and to prevent unemployment and economic deterioration, and WHEREAS, Montgomery County administers an Economic Development Program for the purpose of creating and retaining jobs, and WHEREAS, the Montgomery County Industrial Development Agency (MCIDA) has been approached by NY Bake Factory for a loan request of $200, at an interest rate of 3.50% for twenty (20) years for the purpose of purchasing real estate located at 15 Herkimer Street, Fort Plain, NY, and WHEREAS, said applicant has agreed to create fifty (50) FTE jobs in conjunction with receiving the loan, and WHEREAS, the Montgomery County Industrial Development Agency has reviewed the business loan application from NY Bake Factory; RESOLVED, that the Montgomery County Industrial Development Agency hereby recommends approval of the loan to NY Bake Factory in a principal amount not to exceed $200,000.00; and FURTHER RESOLVED, The officers, employees and agents of the Agency are hereby authorized and directed for and in the name and on behalf of the Agency to do all acts and things required or provided to carry out the terms of this Resolution, and to execute and deliver any additional certificates, instruments and documents, to pay all such fees, charges and expenses and to do all such further acts and things as may be necessary or, in the opinion of the officer, employee or agent acting, desirable and proper to effect the purposes of the foregoing Resolution and to cause compliance by the Agency with all of the terms, covenants and provisions of this Resolutions, and FURTHER RESOLVED, this Resolution shall take effect immediately. The question of the adoption of the foregoing resolution was duly put to vote on roll call, which resulted as follows: MCIDA Res

15 Robert Hoefs VOTING ABSENT Carol Shineman VOTING YES Robert Harris VOTING YES John Macci VOTING YES Daniel Wilson VOTING YES John McGlone VOTING YES Matthew Beck VOTING YES The foregoing Resolution No was thereupon declared duly adopted. MCIDA Res

16 STATE OF NEW YORK ) ) SS.: COUNTY OF MONTGOMERY ) I, the undersigned (Assistant) Secretary of Montgomery County Industrial Development Agency (the Agency ), do hereby certify that I have compared the foregoing extract of the minutes of the meeting of the members of the Agency held on August 11, 2016 with the original thereof on file in my office, and that the same is a true and correct copy of said original and of the whole of said original so far as the same relates to the subject matters therein referred to. I FURTHER CERTIFY that (A) all members of the Agency had due notice of said meeting; (B) said meeting was in all respect duly held; (C) pursuant to Article 7 of the Public Officers Law (the Open Meetings Law ), said meeting was open to the general public, and due notice of the time and place of said meeting was given in accordance with such Open Meetings Law; and (D) there was a quorum of the members of the Agency present throughout said meeting. I FURTHER CERTIFY that, as of the date hereof, the attached Resolution is in full force and effect and has not been amended, repealed or rescinded. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Agency this 11th day of August (Assistant) Secretary (S E A L) MCIDA Res