IDA PRESENT:

___SUE COLLINS, CHAIRMAN
___DR. GREG TRUCKENMILLER, VICE CHAIRMAN
___MIKE FITZGERALD, TREASURER
___JOE GILLIS, SECRETARY
___JOSEPH SEMIONE, MEMBER
___DAVID D’AMORE, MEMBER
___DAN ROUNDS, MEMBER
___KARA LAIS, FITZGERALD, MORRIS, BAKER, FIRTH PC
___SCOTT HENZE, EXECUTIVE DIRECTOR

OTHERS PRESENT:
TOM ROEHL, LIASON ECONOMIC DEVELOPMENT&ENVIRONMENT COMMITTEE
___MICHAEL COUNTRYMAN, FCCRG

IDA’S MISSION:

“The Fulton County IDA’s mission is to drive economic growth and prosperity by preparing shovel-ready sites for development including commercial enterprise, diverse housing options, workforce development and tourism”.

MOTION: To approve the minutes to the February 17, 2026 meeting.
MADE BY      :
SECONDED   :
DISCUSSION:
VOTE              :

MOTION :   To approve the budget report as presented.
MADE BY :
SECONDED :
DISCUSSION:
VOTE               :

A. Nominating Committee

No report.

B. Audit Committee:

• Monthly Bank Reconciliation Report: Dave D’Amore
•  DISCUSSION:

C. Governance Committee:

• No report

D. Finance Committee:

No Report

1. County Report: No Report

DISCUSSION:

2. FCCRG Report: (See attached.) Michael Countryman

 DISCUSSION:

3. FMRCC Report:

 DISCUSSION:

• Emery Designs completed the audit of the CRG, IDA and Visitor Bureau websites. Currently working on Workforce Development.
• Emery Designs submitted a draft report “Unifying Economic Development & Tourism Web Experience Fulton County, NY”.
• Updated CDI Interview list sent to Betsy Emory.
• Betsy Emory making contact to those on the list to see who is willing to participate in the interviews.
• Betsy Emory developed the CDI Interview Questionnaire per category (Economic Development, Tourism, Workforce, and Housing).
• CDI Interview Questionnaire circulated to Executive Team for feedback.
• During the September 9, 2025 meeting, the IDA Board reviewed the questionnaires.
• Betsy Emory has completed thirteen (13) CDI interviews to date. Two (2) more interviews to be conducted by the end of the week.
• Betsy Emory has submitted a draft report on the Customer Development Interviews.
• The draft report was provided and discussed at the December 9, 2025 meeting.
• Betsy Emery to present report findings to the IDA.
• Betsy Emery presented the report to the CRG Board at their March 27, 2026 meeting.

DISCUSSION:

1. Project Completion Date and Sales Tax Exemptions:

• During the January 13, 2026 meeting, the IDA Board adopted a resolution taking certain actions providing benefits to the proposed Decker Drive, LLC Expansion Project 1701-25-01-A.
• All closing documents have been executed. The property/project closed on February 13, 2026.
• During the February 17, 2026 meeting, the IDA agreed to extend the project completion date and date in which the sales tax exemptions terminate be extended from January 31, 2027 to March 31, 2027.
• IDA received the Administrative Fee due as part of the project application.
• No new information has been provided to date.

DISCUSSION:

D. NATIONAL GRID INGHAMS TO ROTTERDAM TRANSMISSION UPGRADE PROJECT:

• National Grid will be reconstructing their 115kV transmission line from their existing Inghams Substation in Manheim, NY to the existing substation in Rotterdam, NY.
• National Grid has contracted with Canacre to assist them in securing land easements as part of the upgrade project.
• Canacre has identified a 20-acre lot (Lot A) located in the Johnstown Industrial Park as an ideal location to serve as a temporary marshaling (laydown) yard.
• Canacre would also like to include two (2) additional adjacent lots identified as Lot B and Lot C.
• The 20-acre lot is owned by the IDA.
• The Lease Term would include 40+/- months (November 1, 2026-February 28, 2030) providing a lump sum payment of $293,232.00. If additional time was needed, Canacre to pay $7,330.80 per month.
• Canacre has had a market study performed in order to provide a Lease Price for the lease of the entire 20-acre lot to include Lots B and C.
• The Market Study identifies a Lease Price of $293,232.
• The IDA and the City of Johnstown entered into an Intermunicipal Agreement for properties sold or leased within the Johnstown Industrial Park.
• 93% of all proceeds go to the City. The remaining 3% are retained by the IDA.
• In order for the IDA to consider leasing the property to Canacre, the IDA is required to have a commercial appraisal performed.
• A proposal has been requested and provided by CBRE to perform a commercial appraisal based upon a monthly lease for a term of approximately 40 months.
• The cost of the appraisal was $3,500.
• During the November 18, 2025 meeting, the IDA Board agreed to contract with CBRE to have the appraisal done on the property at a cost not to exceed $3,500 with 50% being paid by the City of Johnstown.
• Scott Henze notified CBRE on November 19, 2025.
• CBRE responded on December 2, 2025 to discuss the appraisal.
• The appraisal will be based upon a yearly land rent.
• CBRE delivered a Market Rent Study appraisal for the 29.8 acres of land on December 30, 2025.
• A copy of the Market Rent Study has been provided to the City of Johnstown.
• Per email dated January 13, 2026, CANACRE is changing the term to a start date of July 1, 2026 (additional 4 months).
• On March 5, 2026, Scott Henze and Kara Lais attended a Zoom meeting with the Mayor and City Counsel to discuss a response to the terms and compensation based upon the CBRE Market Rent Study performed and other discussion points.
• On Tuesday March 10, 2026, Kara Lais provided a counter proposal to Canacre based upon discussions with the City of Johnstown.
• The counter proposal identified the following terms:

1. Lease Term (Access and Lease to commence on the agreed upon date)- 40 months
2. $500,000 payable in a lump sum or in installments for the initial 40-month term
3. $12,500 per month after the initial 40-month term
4. National Grid to be responsible for real property taxes based on current tax rates.  The current rates would result in annual taxes of $32,560+/-.  If the IDA was not the owner of this property, the property would not be exempt and the real property taxes would either be the responsibility of the tenant or built into the rental amount.
5. Performance Bond (or other similar bond) to cover any restoration or remediation that is otherwise not completed by NG at the end of the lease term

• On April 1, 2026, Scott Henze and Kara Lais participated in a Zoom meeting with Canacre to discuss the City and IDA’s counter to the initial proposal provided by Canacre.
• On Tuesday April 2, 2026, Canacre provided a response via email to the counter offer provided.
• On Thursday April 9, 2026, Canacre accepted the counter proposal provided to them on March 10, 2026.
• *See Spreadsheet.
• *See Resolution.

DISCUSSION:

MOTION:       To approve a forty-month lease agreement with Niagara Mohawk Power Corporation contingent upon compliance with Public Authorities Law Section 2897 and authorizing the Chair or Executive Director to execute the Lease Agreement subject to the approval of the Agency’s legal counsel as to form and content.

MADE BY:

SECONDED:

DISCUSSION:

VOTE:

• Canacre desires to have access to the site on July 1, 2026 in order to prepare it for materials to arrive.
• Since the 90-day notice would not expire until July 14, 2026, a short term lease agreement would be required.
• Based upon the monthly fees, a daily rental amount would equal $402.23 per day.

DISCUSSION:

MOTION:       To approve a short term lease agreement with Niagara Mohawk Power Corporation at a daily rate of $402.23 per day commencing July 1, 2026 through July 13, 2026 for site access and staging purposes for the properties known as (a) West Side State Highway 30A (Tax Map Parcel No. 174.18-1-19); (b) North Side Opportunity Drive (Tax Map Parcel No. 185.6-1-1) and (c) North Opportunity Drive (Tax Map Parcel No. 185.6-1-2.1) and authorizing the Chair or Executive Director to execute a License Agreement subject to the approval of the Agency’s legal counsel as to form and content.

MADE BY:

SECONDED:

DISCUSSION:

VOTE:

E.T-Bills:

• Current T-Bill status:

• IDA has discussed consolidating T-Bills 3 and 4 for a longer set term based upon the continued decline in rates.

DISCUSSION:

1. Upon a majority vote of its total membership, taken in an open meeting pursuant to a motion identifying the general area or areas of the subject or subjects to be considered, a public body may conduct an executive session for the below enumerated purposes only, provided, however, that no action by formal vote shall be taken to appropriate public moneys:

i. matters which will imperil the public safety if disclosed;
ii. any matter which may disclose the identity of a law enforcement agent or informer;
iii. information relating to current or future investigation or prosecution of a criminal offense which would imperil effective law enforcement if disclosed;
iv. discussions regarding proposed, pending or current litigation;
v. collective negotiations pursuant to article fourteen of the civil service law;
vi. the medical, financial, credit or employment history of a particular person or corporation, or matters leading to the appointment, employment, promotion, demotion, discipline, suspension, dismissal or removal of a particular person or corporation;
vii. the preparation, grading or administration of examinations;
viii. the proposed acquisition, sale or lease of real property or the proposed acquisition of securities, or sale or exchange of securities held by such public body, but only when publicity would substantially affect the value thereof.

MOTION: To go into Executive Session for __________.

MADE BY      :
SECOND        :
VOTE              :
TIME              :

MOTION        :           To go out of Executive Session.

MADE BY      :
SECOND        :
VOTE               :
TIME              :

• Next regularly scheduled meeting is the IDA’s annual meeting  is May 12, 2026.

MOTION        :    To close the meeting at _____a.m.

MADE BY      :
SECONDED   :
VOTE               :
TIME              :