IDA PRESENT:

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

OTHERS PRESENT:
TOM ROEHL, LIASON ECONOMIC DEVELOPMENT&ENVIRONMENT COMMITTEE
___GEOFF PECK, FCCRG
___                            , FMRCC
___TRAVIS MITCHELL, ENVIRONMENTAL DESIGN PARTNERSHIP

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 June 9, 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: Sue Collins
•  DISCUSSION:

C. Governance Committee:

• No report

D. Finance Committee:

• • Finance Committee recommendation is to continue to leave the T-Bill 3 & 4 investments in the ICS account for the time being.
  • Finance Committee is recommending that the IDA maintain liquidity due to upcoming infrastructure projects at the Tryon Technology Park.
  • Executive Director to provide T-Bill rates at each monthly meeting for monitoring purposes.
    • The Finance Committee met on July 7, 2026 to continue the discussion on IDA investments and recent FastNY Track C grant award.

     

    IDA Investments

     

    • T-Bills 3&4 have been moved to the ICS account that generates 3.5% interest rate.
    • The Finance Committee continues to explore investment opportunities that will:
    1. Meet regulatory Compliance
    2. Earn the best interest rates
    3. Provide short-term flexibility.
    4. Provide a diversified portfolio.
  • Current IDA T-Bill status:

   

  T-BILL #	TERM	RATE %	MATURITY DATE
  1	12 month	3.502%	11/30/26
  2	9 month	3.425%	10/29/26
  3	ICS ACCOUNT	3.5%	——-
  4	ICS ACCOUNT	3.5%	——-

  • Current Daily T-Bill rates as of 7.6.26:

   

  DURATION	RATE %
  3 Mo. T-Bill	3.361%
  6 Mo. T-Bill	3.689%
  9 Mo. T-Bill	3.823%
  12 Mo. T-Bill	3.624%

   

  DISCUSSION:

   

  FastNY Track C Grant Award

  • Finance Committee is reviewing the Grant Disbursement Agreement provided by NYS ESD and quarterly reimbursement requests.
  • Finance Committee continues to review available cash, FastNY Track C project costs and financing options.

  DISCUSSION:

1. County Report: Tom Roehl

DISCUSSION:

2. FCCRG Report: (See attached.) Geoff Peck

 DISCUSSION:

3. FMRCC Report:

 DISCUSSION:

• The IDA submitted a grant through NYS Empire State Development’s PowerUP grant program to bring transmission level power into the Tryon Technology Park.
• On April 24, 2026, the IDA was notified that NYS ESD had awarded the IDA $15.3M is funding in support of the $17.3M anticipated project cost.
• To date, there has been no project manager assigned to the IDA for the grant.

DISCUSSION:

• Executive Director has had discussions with Dave Karpinski, Executive Director of the Parkhurst Field Foundation on the final buildout of the historic Parkhurst Field on Harrison Street.
• In 2022/23 Fulton County provided $1M in ARPA funding in order to build the grand stadium.
• There remains three (3) additional fields to construct as part of the project.
• Karpinski has noted that per CT Male’s engineering drawings, in order to complete the fields, 4,000 yards of fill is needed per field.
• Karpinski requested the IDA consider donating up to 12,000 yards of fill from the Tryon Technology Park soils project.
• During the June 9, 2026 meeting, the IDA agreed to sponsor up to 12,000 yards of fill from the Tryon Technology Park to support the buildout of the Parkhurst Field.
• Approximately 10,000 yards of fill was hauled from the Tryon Park to Parkhurst Field on the 6^th and 7^th of July, 2027.

• During the May 12, 2026 meeting, the IDA Board agreed to authorize a forty-month license agreement with Quanta Infrastructure Solutions Group (QISG) for the lease of IDA owned property within the Johnstown Industrial Park.
• During the same meeting, the IDA also agreed to authorize a short-term lease agreement with QISG to access the property on July 1, 2026.
• The executed lease agreement was sent to Kara Lais on __________, 2026.
• Payments totaling $___________ was also transferred to Kara’s firm and is being distributed to the City of Johnstown and IDA.

DISCUSSION:

• During the January 13, 2025 meeting, the IDA authorized a contract with EDP in the amount of $108,500 to provide professional engineering services for wastewater infrastructure design and construction at the Tryon Technology Park.
• This work included the evaluation of Hale Creek Correctional Facilities Sewer infrastructure (State Infrastructure) as well as the engineering and design of upgrades to the existing Wastewater Pump Station servicing the Tryon Park to include the installation of a new section of sewer line along Maloney Road that would increase the overall wastewater capacity at the park.
• Based upon results of the evaluation of the existing wastewater infrastructure and the award of the FastNY Tract C grant funding, it is recommended that the existing wastewater pump station be replaced along with additional upgrades in the diameter of wastewater lines servicing the park to match the overall capacity of the state-owned infrastructure.
• It is anticipated that this will increase the over capacity at the park from 300-500 gallons per minute to 800 gallons per minute.
• EDP provided a proposal dated June 17, 2026 for additional engineering and design work at a cost not to exceed $225,000. See attached.

DISCUSSION:

MOTION: To execute Change Order No. 1, subject to review and approval as to form and content by the Executive Director and counsel, to the agreement with Environmental Design Partnership to provide additional professional engineering services for Wastewater Infrastructure Construction at the Tryon Technology Park at a cost not to exceed $225,00.00.

MADE BY:
SECONDED:
DISCUSSION:
VOTE:

• Since the sale of the 50-acre lot to Niagara Water Bottling, Winstanley Enterprises is updating the Site Plan for the Tryon Technology Park.
• Updates include the addition of the Gloversville Water Department easement that was not identified on the original plan.
• See draft Site Plan.

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        :
DISCUSSION:
VOTE              :
TIME              :

MOTION        :           To go out of Executive Session.

MADE BY      :
SECOND        :
DISCUSSION:
VOTE               :
TIME              :

• Next regularly scheduled meeting is the IDA’s annual meeting is August 11, 2026.

MOTION        :    To close the meeting at _____a.m.

MADE BY      :
SECONDED   :
DISCUSSION             :
VOTE             :