FULTON COUNTY INDUSTRIAL DEVELOPMENT AGENCY
TUESDAY JUNE 28, 2016 - 8:00 A.M.
PLANNING DEPARTMENT CONFERENCE ROOM
AGENDA
PRESENT:
___TODD RULISON, CHAIRMAN
___JOSEPH SEMIONE, VICE CHAIRMAN
___WILLIAM SULLIVAN, TREASURER
___JOE GILLIS, SECRETARY
___DIANA PUTNAM, MEMBER
___DAVE D’AMORE, MEMBER
___TIM MUNN, MEMBER
___KARA LAIS, IDA COUNSEL
___JAMES MRAZ, IDA EXECUTIVE DIRECTOR
___WILLIAM WALDRON, LIAISON
___RON PETERS, FULTON COUNTY CENTER FOR REGIONAL GROWTH
___MIKE ANICH, LEADER-HERALD
I. MINUTES FROM JUNE 7, 2016 MEETING:
MOTION :
MADE BY :
SECONDED :
VOTE :
II. BUDGET REPORT:
MOTION :
MADE BY :
SECONDED :
VOTE :
III. COMMITTEE REPORTS:
A. Nominating Committee
- No Report
B. Audit Committee:
- No report.
C. Governance Committee:
- No report.
D. Finance Committee:
- No report.
IV. OTHER REPORTS
A. Fulton County Center for Regional Growth: Ron Peters
B. Fulton County Board of Supervisors’ Economic Development Committee: Bill Waldron
V. OLD BUSINESS:
A. Tryon Technology Park Project:
1. Building Demolition:
- Fulton County’s Demolition Team commenced work on June 20, 2016 demolishing the cluster of six (6) buildings on the right side of the entrance to Tryon.
2. Tryon Sign:
- Tryon sign, landscaping and solar system is complete.
3. Tryon Banners:
- Fulton County has ordered 2’ x 6’ banners to hang on first six (6) light poles along CR117 entering Tryon and four (4) additional poles.
- Banners will be of sign and be hung vertically.
3. Tryon Banners:
- Request for Proposal:
- At June 7, 2016 meeting, IDA authorized distributing a Request for Proposals (RFP) to commercial real estate brokers.
- Review RFP.
IDA DISCUSSION:
B. 160 Enterprise Drive Property:
1. Background:
- IDA currently owns the property at 160 Enterprise Drive in the Johnstown Industrial Park.
- IDA leases the property to the CIC. The CIC subleases it to Yusen.
- IDA’s lease with the CIC expires on June 30, 2016.
- IDA’s lease with the CIC has an early lease termination provision to allow the CIC to take title to the property.
- CIC has advised the IDA that it will not be pursuing an early lease termination.
2. Foreclosure Proceeding:
- NBT has commenced a Foreclosure Proceeding against the property due to the CIC being delinquent on payments due NBT from a mortgage the CIC has on the property.
- Court has appointed a receiver to oversee operation, management and control of all aspects of 160 Enterprise Drive property.
- Receiver is Bill Keniry, Esq. from the law firm of Tabner, Ryan & Keniry in Albany, NY.
3. Update:
- Still no word from Mr. Keniry.
- Kara Lais has been advised that NBT still intends to complete the foreclosure process
IDA DISCUSSION:
V. NEW BUSINESS:
A. Johnstown Renewables:
1. Background:
- The IDA Board previously approved selling Johnstown Renewable a 5.374+/- acre parcel of land in the Johnstown Industrial Park for their project.
- Johnstown Renewables desires to now close on the sale of this lot.
2. Resolution:
- Kara Lais has prepared a resolution that formally authorizes the sale of the 5.374+/- acre parcel to Johnstown Renewables.
- The resolution was emailed to IDA Board members on June 24, 2016.
IDA DISCUSSION:
IDA ACTION:
MOTION: To approve the Resolution approving a Deed of Conveyance from the Agency to Johnstown Renewables, LLC and authorizing execution and delivery of same.
MADE BY:
SECONDED:
VOTE:
3. Lot Sale:
- Total Lot Sale: $107,500
- This amount will be paid at closing.
- Upon receipt of this payment, the IDA will distribute it per the IDA’s Agreement with City of Johnstown as follows:
- IDA’s 7% Marketing Fee : $ 7,525.00
- 50% of balance to City of Johnstown : $ 49,987.50
- 50% of balance to City of Johnstown Account : $ 49,987.50
– Total : $107,500.00
IDA DISCUSSION:
IDA ACTION:
MOTION: To authorize a payment of $49,987.50 be made to the City of Johnstown and to authorize depositing $49,987.50 in the City of Johnstown account.
MADE BY:
SECONDED:
VOTE:
VI. OTHER BUSINESS:
VII. NEXT MEETING:
Tuesday
July 12, 2016
8:00 a.m.
VIII. CLOSE MEETING:
MOTION :
MADE BY :
SECONDED :
VOTE :
TIME :