October 13th, 2026 Agenda

Download the September 11th, 2026 Agenda (PDF)

IDA PRESENT:

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

OTHERS PRESENT:
___TOM ROEHL, LIASON ECONOMIC DEVELOPMENT&ENVIRONMENT COMMITTEE
___JACK WILSON, FCCRG
___JENNIFER LAUBENSTEIN, 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 September 11, 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: Mike Fitzgerald
•  DISCUSSION:

C. Governance Committee:

• Established recommended 2027 salaries for Executive Director and CFO.

D. Finance Committee:

• The Finance Committee met on September 3, 2026 to continue to discuss the following:

1. IDA investments.

• Continue to track. T-Bill No. 2 matures 10/29/26.
• Interest rates have been climbing.

2. FastNY Track C grant award.

• GDA received.  Recommended IDA Board Execute GDA.
  3. PowerUP Grant award:

• ESD Project Manager assigned on September 15, 2026.
• ESD Award Letter received on October 5, 2026.
• Waiting on GDA.

4. TTP Water System Improvement Project award:

• Reviewed bidders list. Recommending an award to Borderline Excavating and Fence as low responsible bidder.

5. IDA 2027 Budget:

• Reviewed proposed budget.
• Recommended a decrease in investment earnings from $130,000 to $65,000 based upon Tryon Infrastructure Project work.
• Add balance of FCCRG Expertise Reimbursement – $39,462.92.
• Add $25,000 in expense per Line of Credit to FastNY Track C Tryon Infrastructure work.

DISCUSSION:

1. County Report: Tom Roehl

DISCUSSION:

2. FCCRG Report: (See attached.) Jack Wilson

 DISCUSSION:

3. FMRCC Report: Jennifer Laubenstein

 DISCUSSION:

1. Background:

 Executive Director prepared and submitted a revised NYS ESD FastNY Track C grant for various infrastructure improvements at Tryon Technology Park to include:

1. Wastewater System Improvements: $2,715,365.00
2. Water System Improvements: $1,083,125.00
3. Soils Spread/Lift: $3,037,000.00
4. Demolition: $3,159,635.00

TOTAL:                                             $9,995,125.00

• Engineering estimates were provided for each project and used as the basis of the grant application.
• NYS FAST NY Tract C grants will not fund contingencies.
• On December 12, 2025, NYS ESD notified the IDA that it was awarded $8.99M.
• On February 27, 2026, NYS ESD provided a letter formalizing the grant award in the amount of $8,995,612 ($9M per GDA) having a total project cost of $9,995,125.
• NYS goal for Minority and Women Owned Business Enterprise (MWBE) is 30%.
• NYS goal for Service-Disabled Veteran Owner Business (SDVOB) is 6%.
• There is a 1% non-refundable commitment fee requirement ($90,000).
• Per the Grant Guidelines, the IDA will be required to provide a 10% equity match or approximately $999,125.00.
• The IDA can assume reimbursable costs associated with the four (4) project improvements as of the date of the announcement on December 12, 2025.
• The grant requires that project work commence within two (2) years of announcement.
• During the January 13, 2025 meeting, the IDA authorized contracts with the following:

• All engineering agreements have been executed and include both Construction Administration and Construction Management services.
• ADK Bottling Works, LLC has agreed to reimburse the IDA for all engineering costs associated with the Water, wastewater and soils project.
• A project manager has been assigned to the IDA.
• Executive Director has been communicating with the project manager on the grant.
• ESD Board provided formal approval of the Grant Disbursement Agreement (GDA) on June 25, 2026.
• The GDA will identify the terms of the grant to include progress reimbursement payments.
• ESD has agreed to proceed with progress payments if the IDA desires.
• The GDA will be finalized and executed in August 2026.
• It is expected that the IDA will award construction contracts in September/October for the Water and Wastewater construction work.
• The IDA wished to utilize progress payments to finance the projects identified above.
• ESD Project manager included progress payments.
• ESD provided a draft GDA to the IDA on June 26, 2026.
• ESD conducted a Public Hearing on the grant on July 17, 2026.
• ESD informed the IDA that a final GDA for executive should be received the week of September 7, 2026.
• Once the GDA is executed by the IDA, the 1% commitment fee will be due.

FINAL GDA:

• ESD sent the final GDA on September 24, 2026 for execution.
• ESD confirmed that the grant award was $8,995,612.
• A 1% Commitment Fee via wire transfer is required at the time the GDA is executed in the amount of $89,956.12.
• An additional $135.83 is also required to cover ESD’s Public Hearing expenses.
• ESD Approval Date was June 25, 2026.
• Public Authorities Control Board (PACB) Approval Date was July 22, 2026.
• Expiration Date is December 31, 2028.
• Project cost and financing sources are as follows:

• Current Bid Results and Engineering Estimates total:

• Per the Purchase and Sale Agreement between Winstanley Enterprises and Niagara Bottling, Niagara is to reimburse the IDA for all local match expenses.

DISCUSSION:

MOTION: To authorize the Chairman to execute a Grant Disbursement Agreement with NYS Urban Development Corporation and to issue payment of a 1% Commitment Fee and Public Hearing expenses in the amount of $90,091.95 per requirements of the FastNY Track C grant award received in the amount of $8,995,612 for infrastructure and site work upgrades at the Tryon Technology Park.

MADE BY:
SECONDED:
VOTE:

1. Water System Upgrade Project:

• The Water system Improvement work includes:
  1. Installation of 3,100 LF of 12” ductile iron water main.
  2. Improvements to the water booster pump station.
  3. Disinfection of the 300,000-gallon water storage tank.

• The IDA received bids on August 26, 2026.
• Six (6) bids were received.
• The original engineers cost estimate provided by C.T. Male was $1.2 Million. The low bids came in under budget.
• T. Male performed an extensive review and analysis of the bids received and have determined the final bidders list to be:

• At the September 3, 2026 Finance Committee meeting, the committee recommended an award to Borderline Excavating and Fence in the amount of $923,470.
• At the September 11, 2026 IDA Board meeting, the board authorized an agreement with Borderline Excavating and Fence.
• At the September 11, 2026 IDA Board meeting, the board authorized the Executive Director to sign easements with Bon Brown Bus and NYS DOCCS.
• Waterline easements with Don Brown Bus have been executed.
• NYS DOCCS easements are being finalized.
• Contractor Bonds and insurances are being finalized.
• AIA agreement has been executed with Borderline Excavating and Fence.
• Borderline to commence work soon.

DISCUSSION:

1. Wastewater System Upgrade Project:
2. Purchase of new Pumps for Existing Wastewater Pump Station:

• The existing Wastewater Pump Station at the Tryon Park is rated to pump 300GPM.
• Based upon the analysis of the existing wastewater pump station at Tryon and the analysis of the NYS sewer infrastructure, EDP has determined that the existing pump station is not pumping to the design capacity.
• EDP recommended that two (2) new wastewater pumps be purchased and installed.
• Based upon the standards set for Fulton County sewer districts, the utilization of Sulzer pumps is required.
• The sole location to purchase Sulzer pumps is via Shrier-Martin Process Equipment Co.
• Shrier-Martin Process Equipment is the sole source for the purchase of Sulzer pumps.
• EDP recommended that the IDA purchase two (2) Sulzer pumps that could be used in the existing Wastewater Pump Station in order to be assured that the existing station is pumping at 300 GPM and then be re-installed in the new Wastewater Pump Station.
• A quote was received from Shrier-Martin Process Equipment totaling $76,184.00.
• During the August 5, 2026 meeting of the Finance Committee, the committee recommended that the IDA Board authorize the purchase of these pumps.
• The IDA Board discussed the recommendation and approved the purchase at the August 11, 2026 board meeting.
• The sole-source pumps have been ordered and will need to be installed.
• Proposals were solicited from three (3) firms for the installation of the pumps.
• The sole-source pumps will require the purchase and installation of controls.
• A quote was received from Shrier-Martin Process Equipment as a sole source provider totaling $34,200 to install pump controls.

DISCUSSION:

• The IDA has received the following proposals for the installation of the pumps:

DISCUSSION:

• A quote was received from Shrier-Martin Process Equipment as a sole source provider totaling $34,200 to install the controls. * See proposal.

DISCUSSION:

MOTION: To authorize the Chairman to execute an agreement for the purchase and installation of Sulzer Pump controls and relays with Shrier-Martin Process Equipment as a sole source provider at a cost not to exceed $34,200.00 upon review and approval by IDA Counsel and Executive Director.

MADE BY:
SECONDED:
VOTE:

MOTION:  To authorize the Chairman to execute an agreement with _______________        for the installation of the Sulzer pumps upon review and approval by IDA Counsel and Executive Director.

MADE BY:
SECONDED:
VOTE:

1. NBT Bank Line of Credit:

• Executive Director and Mike Fitzgerald coordinated with a representative from NBT Bank to discuss a Line of Credit.
• During the September 3, 2026 meeting of the Finance Committee, the Committee recommended that the IDA Board authorize the acceptance and execution of the conditions within Term Sheet with NBT Bank.
• During the September 11, 2026 IDA Board meeting, the Board authorized the Chairman to execute the Term Sheet with NBT Bank for a Line of Credit in support of the FastNY Track C project work at the Tryon Technology Park.
• The Finance Committee is to monitor the project work and invoices to be paid in order to determine whether or not the Line of Credit is to be used.

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.
  • • An initial payment in the amount of $510,000 is required to perform the services. Additional payment may be required.
    • • • The IDA was assigned a Project Manager on September 15, 2026.
        • The IDA received an award letter on October 5, 2026.On October 7, 2026, the IDA received a Support Services Agreement from National Grid for the following scopes of work:Upon completion of the services, National Grid will refund the IDA for any remaining dollars not expended.

        DISCUSSION:

        1. National Grid SSA Agreement:

         

      Scope 1 – Engineering Design required to upgrade the 13.2kV distribution service.

      Scope 2 – Conduct a Facilities Study to determine scope of the 115kV Transmission project. Study will identify estimated costs for engineering and construction.

       

    DISCUSSION:

    MOTION:          To authorize the Vice Chairman to execute a Support Services Agreement with Niagara Mohawk Power Corporation D/B/A National Grid to include an initial $510,000 payment for engineering and design activitees to upgrade distribution and transmission electrical service to the Tryon Technology Park.

    MADE BY:
    SECONDED:
    DISCUSSION:
    VOTE:

   

• IDA Board must adopt and file in PARIS a 2027 Budget by November 1, 2026.
• Executive Director and CFO have developed the draft budget.
• Governance Committee has recommended salaries for the ED and CFO for 2027.
• *See proposed 2027 budget attached.

DISCUSSION:

• • In the past, the IDA has considered providing a percentage of lot sale proceeds from the Tryon Technology Park to the Fulton County Center for Regional Growth for assistance provided.
  • In order for the IDA to entertain this, an agreement must be executed.
  • Executive Director and IDA Counsel has drafted an agreement for IDA Board consideration.
  • See attached Agreement.

  MOTION:  To authorize the Chairman to execute an agreement with the Fulton County Center for Regional Growth for services provided to successful lot sales at the Tryon Technology Park.

  MADE BY:
  SECONDED:
  VOTE:

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 November 10, 2026.

MOTION        :    To close the meeting at _____a.m.

MADE BY      :
SECONDED   :
DISCUSSION             :
VOTE             :