Resolution To Schedule A Public Hearing Relating To The Benjamin Moore & Co. Expansion Project
- Post by FCIDA
- October 13, 2021
Fulton County Industrial Development Agency
Adopted October 13, 2020
Introduced by Todd Rulison who moved its adoption.
Seconded by Mike Fitzgerald
WHEREAS, Benjamin Moore & Co., a New Jersey corporation, authorized to do business in the State of New York, for itself and/or on behalf of an entity formed or to be formed (the
“Company”), has submitted an application (the “Application”) to the Agency, a copy of which is on file at the office of the Agency, requesting that the Agency consider undertaking a project (the “Project”) for the benefit of the Company consisting of: (i) the acquisition of an interest in a certain parcel or parcels of real property located at 161 Union Avenue, City of Johnstown, County of Fulton, State of New York (the “Land”) and referred to as tax map parcel number 174.14-1-8; (ii) the construction of an 120,000+/- square foot addition to the existing facility for manufacturing space and equipment storage (collectively referred to as (the “Facility”); and (iii) the acquisition and installation therein of certain furnishing and fixtures (the “Equipment” and together with the Land and the Facility, collectively (the “Project Facility”) to be used in connection with the contemplated uses; and (iv) the lease of the Project Facility back to the Company, and (E) the providing of financial assistance to the Company for qualifying portions of the project in the form of sales and use tax exemptions, a mortgage recording tax exemption, if requested, and a partial real property tax abatement consistent with the policies of the Agency, all pursuant to Title 1 of Article 18-A of the General Municipal Law of the State of New York and Section 895-c of the General Municipal Law (collectively, the “Act”); and
WHEREAS, Chapters 356 and 357 of the Laws of 1993 require that prior to granting financial assistance of more than $100,000.00 to any project, an IDA must (a) adopt a resolution describing the project and the financial assistance contemplated by the IDA with respect thereto, and (b) hold a public hearing in the city, town or village where the project proposes to locate upon at least ten (10) days published notice and, at the same time, provide notice of such hearing to the Chief Executive Officer of each affected taxing jurisdiction within which the project is located; and
WHEREAS, the Agency is in the process of reviewing and considering the Company’s
Application requesting the Agency to provide financial assistance for the proposed Project, which may include: a sales and use tax abatement during the construction of the Facility, a mortgage recording tax exemption and a partial real property tax abatement, all of which shall be consistent with the uniform tax exemption policy of the Agency.
NOW, THEREFORE, BE IT RESOLVED:
l . The Company has presented an Application in a form acceptable to the Agency.
u Based upon the representations made by the Company to the Agency in the Company’s Application, the Agency hereby finds and determines that:
The foregoing resolution was thereupon declared duly adopted.
STATE OF NEW YORK
COUNTY OF FULTON
This is to certify that I, James Mraz, Executive Director of the Fulton County Industrial Development Agency, do hereby certify that the foregoing is a true and correct copy and the whole thereof of a Resolution duly adopted by the Fulton County Industrial Development Agency, Johnstown, New York on the 1 3th day of October, 2020.
In witness whereof, I have hereto set my hand and affixed the official seal of the Fulton County Industrial Development Agency
Witness my hand and official seal
this 13th day of October, 2021
James E. Mraz, Executive Director
ROLL CALL VOTE
|Dave D’ Amore||X|