PRESENT:

___MIKE FITZGERALD, CHAIRMAN
___SUE COLLINS, VICE CHAIRMAN
___JOSEPH GILLIS, SECRETARY
___TODD RULISON, TREASURER (ZOOM)
___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
___GEOFF PECK, FULTON COUNTY CENTER FOR REGIONAL GROWTH

MOTION        :
MADE BY      :
SECONDED   :
VOTE              :

MOTION :
MADE BY :
SECONDED :
VOTE               :

A. Nominating Committee

• No report.

B. Audit Committee:

• Monthly Bank Reconciliation Report:  Dave D’Amore

C. Governance Committee:

• No report.

D. Finance Committee:

•  No report.

1. Fulton County Report:
2. FCCRG Report: (See attached.)  Geoff Peck

• Nexus still expecting to receive National Grid’s approval of the interconnect in 3^rd quarter of 2023.
• Once interconnect approval is received, Nexus will obtain quotes to construct solar project.

IDA DISCUSSION:

• No report.

IDA DISCUSSION:

• Punchlist was prepared and submitted to Koval.
• Once punchlist is complete, final payment will be processed.
• At August meeting, the Board authorized installing an Uninterrupted Power Supply (UPS) on the sewer pump and changing some programming on the pumps to allow them to automatically restart when the generator shuts off.
• UPS has been received by General Control Systems. Working on scheduling date for them to come to site to install UPS and reprogram pumps.

IDA DISCUSSION:

1. Sales Tax Exemptions:
   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) Vireo has requested that this deadline be extended to March 31, 2024.

IDA DISCUSSION:

IDA ACTION:

MOTION:                 To approve extending Vireo’s deadline for taking sales tax exemptions until March 31, 2024 contingent upon Vireo signing an Agent and Equipment Lease and paying the balance of the Administrative Fee owed the IDA.

MADE BY:
SECONDED:
VOTE:

• IDA Board must adopt a 2024 Budget by November 1, 2023.
• IDA Board reviewed draft IDA and Tryon Budgets at September meeting.
• IDA Board recommended consolidating Tryon Budget into IDA Budget and adding line item for sponsorships.
• See attached consolidated 2024 budget.

IDA DISCUSSION:

IDA ACTION:

MOTION:

MADE BY:
SECONDED:
VOTE:

1. Background:

• In 2013, the IDA executed a Lease and PILOT with CG Roxane.
• The PILOT is set to expire on November 7, 2023.

2. Actions Needed:

• The IDA Board needs to:
  a. Terminate the Lease.
  b. Authorize the Chairman to execute a deed to transfer title to the property back to CG Roxane.

IDA DISCUSSION:

IDA ACTION:

MOTION:

MADE BY:
SECONDED:
VOTE:

• NYSEDC’s Fall IDA Academy will be held on:

Thursday
November 9, 2023
9:00 a.m. – 4:30 p.m.
3 Willows Event Center
Lyon Falls, New York

IDA DISCUSSION:

1. Uniform Tax Exemption Policy (UTEP):

• Draft Revised UTEP was distributed to all local taxing jurisdictions on September 13, 2023.
• Local taxing jurisdictions were asked to submit comments back to IDA by Wednesday, October 4, 2023.
• The following comments were received:

1. Scott Horton, Supervisor, Town of Caroga: No comment but appreciated being given the opportunity
2. Amy Praught, Mayor had 2 questions that were answered.

IDA 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 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      :
SECOND        :
VOTE              :
TIME              :

MOTION        :           To go out of Executive Session.

MADE BY      :
SECOND        :
VOTE               :
TIME              :

Tuesday
November 14, 2023
8:00 a.m.

MOTION        :

MADE BY      :
SECONDED   :
VOTE               :
TIME              :