June 13, 2023 Agenda
- Post by Carol Ellis
- June 12, 2023
___MIKE FITZGERALD, CHAIRMAN
___SUE COLLINS, VICE CHAIRMAN
___JOSEPH GILLIS, SECRETARY
___TODD RULISON, TREASURER
___JOSEPH SEMIONE, MEMBER
___DAVID D’AMORE, MEMBER
___DR. GREG TRUCKENMILLER, MEMBER
___JAMES MRAZ, EXECUTIVE DIRECTOR
___KARA LAIS, FITZGERALD, MORRIS, BAKER, FIRTH PC
___SCOTT HENZE, PLANNING DIRECTOR
___DENIS WILSON, FULTON COUNTY CENTER FOR REGIONAL GROWTH
MADE BY :
MADE BY :
a. It is proposed to replace existing pictures with pictures of other types of uses such as apartments, townhouse, condominiums, mixed use, commercial and other types of uses the IDA can assist. The intent would be to try and change the perception that the IDA only does “industrial” projects. Narrative would be added to describe the types of projects the IDA can assist and identify the financial incentives the IDA can provide.
b. It is proposed to add a link regarding Housing. Clicking this link would provide access to the Fulton County’s Housing Strategy and the work the IDA will be doing to promote the development of new housing in the County.
2. Fulton County Housing Strategy:
a. Emery Designs will be developing a series of articles from the information contained in Fulton County’s Housing Strategy. These articles will be placed on the IDA’s Google Business and LinkedIn pages. These articles would also be available for someone to read by clicking on the new “Housing” link that Emery Designs will be creating on the Home Page.
3. Current IDA News:
a. It is proposed to add to the Home Page a place where the IDA can share current news. For example, at our last meeting, we had a presentation from David Kimmel, President, Two Plus Four Construction and Lakewood Development LLC. Kimmel provided information and guidance to the IDA on how to pursue developing new housing in a community. The IDA should be sharing what was learned, and the IDA could do so by putting that information onto its Home Page as well as Google Business and LinkedIn pages.
b. The same could be done regarding the IDA’s attendance at the IDA Academy and Brownfield’s Summit.
a. On July 13, 2021, the IDA Board approved granting up to $2,251,520 in sales tax exemptions.
b. On August 9, 2022, the IDA Board authorized increasing the total sales tax exemptions available from $2,251,520 to $3,284,534 contingent upon Vireo signing either a standard Lease or an Agent and Equipment Lease.
c. On May 9, 2023, the IDA Board authorized extending from May 31, 2023 to October 31, 2023 the deadline for using sales tax exemptions. This approval was granted contingent upon Vireo signing an Agent and Equipment Lease and paying the balance of the Administrative Fee owed the IDA.
d. To date, the Lease has not been executed.
b. Environmental Assessment Form (EAF):
c. Determination of Significance:
MOTION: To approve a Resolution approving and authorizing sale of real property.
“The IDA’s mission is to create and promote economic growth and prosperity for both residents and entrepreneurs in Fulton County. The IDA’s role in Fulton County’s Economic Development Program is to develop and maintain an inventory of shovel-ready sites for new and expanding businesses, offer financial incentives, as may be required, to encourage the creation of new and retention of existing jobs and expand the County’s tax base. In doing so, the IDA strives to make Fulton County a desirable place to live and do business.”
a. “We provide opportunities for economic development/growth/progress/prosperity.” (Select 1)
b. “We offer opportunities for economic development/growth/progress/prosperity.” (Select 1)
c. “We provide/offer incentives to Fulton County businesses.”
d. “We incentivize opportunities for economic development/growth/progress/ prosperity.” (Select 1)
e. “We encourage investment into economic development/growth/progress/ prosperity.” (Select 1)
“promote economic welfare of the State’s inhabitants and to actively promote, attract, encourage and develop economically sound commerce and industry through governmental actions for the purpose of preventing unemployment and economic deterioration.”
1)Promote employment opportunities.
2) Prevent economic deterioration in the area served by the IDA.
The Comptroller’s Opinion added that the Comptroller’s Office was “not in a position to render an opinion” as to whether a project that consisted of the construction of an apartment complex was a commercial project. Rather, the Opinion stated such a determination “must be made by local officials based upon all the facts relevant to the proposed project.”
1) The promotion of employment opportunities.
2) The prevention of economic deterioration.”
1) The construction and operation of the apartments would increase employment opportunities.
2) The construction and operation of an apartment complex would prevent economic deterioration in the area served by the IDA.
– Exemptions from mortgage recording taxes for one or more mortgages.
– Securing the principal amount not-to-exceed $70,000,000.
– A sales and use tax exemption up to $3,450,000 in connection with the purchase/lease of building materials, services, or other personal property for the project; and
– Abatement of real property taxes for an initial term of 10 years pursuant to a Payment in Lieu of Taxes (“PILOT”) Agreement.
– The Court noted that the 1985 Comptroller’s Opinion had observed that the determination of whether construction of an apartment complex was a commercial activity within the meaning of the IDA Act had to be made by local officials based on facts relevant to the proposed project.
– The Court noted that the TOHIDA found that the development of the first phase of the facility would “promote and maintain the job opportunities, health, general prosperity and economic welfare” of the town’s citizens and “improve their standard of living.”
– The Court further noted that the project promoted employment opportunities and served to combat economic deterioration in the area served by the TOHIDA.
– The Court upheld the TOHIDA’s decision as rationally based and not arbitrary or capricious, an abuse of discretion, or an error of law.
a. Section 3: General Provisions:
b. Affordable v. Market Rate Housing:
June 13, 2023
4:30 – 7:00 p.m.
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 to discuss 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.
MADE BY :
MOTION : To go out of Executive Session.
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July 11, 2023
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