Approving and Authorizing Sale of Real Property
- Post by FCIDA
- April 19, 2021
Adopted April 13, 2021
Introduced by Joe Semione
who moved its adoption
Seconded by Mike Fitzgerald
WHEREAS, the Fulton County Industrial Development Agency (the “Agency”) owns certain property in the Town of Perth commonly referred to as the Tryon Technology Park; and
WHEREAS, Lott Holdings Corporation, a New York business corporation, or its permitted assigns, desires to purchase from the Agency the following real property (the “Property”):
Building 60 Portion of 164.-5-1 6.25 acres County Highway 117
WHEREAS, pursuant to section 6(c) of the Agency’s Disposition of Property Guidelines, the Property may be sold by negotiation and for less than fair market value if the disposal is intended to further the economic development interests of the Agency; and
WHEREAS, the appraisal value of the Property is $110,000; and
WHEREAS, based on the foregoing, the Agency has determined that the sale of said Property, located in the Agency’s Tryon Technology Park is in the economic development interests of the County of Fulton and the Town of Perth, is in accord with the public provisions of applicable federal, state and local laws and the Agency’s Disposition of Property Guidelines, and will benefit the welfare and the economies of both Fulton County and the Town of Perth and the residents of those municipalities.
NOW, THEREFORE, it is hereby
RESOLVED that after due deliberation thereon, the Agency has determined that the disposal of the Property intends to further the economic development interests of the Agency, whereby (a) the Property has been on the market for considerable amount of time with no meaningful interested purchasers and (b) the sale of the Property will return the Property to the tax rolls; and
RESOLVED that in accordance with the Public Authorities Accountability Act, the sale of Property for less than fair market value is justified in that the monetary resources necessary to provide proper electrical service to the building, to install a new water service connection and to modify the building to comply with current State and local laws, codes and regulations exceed the budget and resources currently available to the Agency and by selling the Property to a private entity to complete these items and return the property to the tax rolls is in the best economic interests of the County of Fulton and Town of Perth.
RESOLVED, that the sale of the Property by the Agency constitutes an Unlisted action under the State Environmental Quality Review Act (“SEQRA”). After conducting this review, the Agency has determined that the sale of the Property is consistent with social, economic and other essential considerations and will not result in any significant adverse impacts on the environment. The Agency hereby issues a Negative Declaration with respect to the sale of the property. In doing so, the Agency satisfies the requirements of Part 617 of Title 6 of the New York Code of Rules and Regulations.
RESOLVED, that the Agency acknowledges that any such sale of the Property shall be carried out pursuant to the Agency’s Property Disposition Policy and the applicable provisions of the Public Authorities Accountability Act, as it may be amended and the Agency hereby authorizes the provision of notice of the sale to various State agencies as may be required.
RESOLVED, that the Chairman, or Vice Chairman in his absence, is authorized to execute and deliver a contract of sale, deed, and other such documents as will incorporate the terms set forth above, subject to the approval of the Agency’s legal counsel as to form and content.
The question of the adoption of the foregoing resolution was duly put to a vote, which resulted as follows:
ROLL CALL VOTE :
Aye Nay Abstain Absent
Joe Semione X ___ ___ ___
Jane Kelley X ___ ___ ___
Mike Fitzgerald X ___ ___ ___
Joseph Gillis X ___ ___ ___
Todd Rulison ___ ___ ___ X
Dave D’Amore X ___ ___ ___
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 for 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 13th day of April, 2021.
In witness whereof, I have hereto set my hand and affixed the official seal of the Fulton County Industrial Development Agency on this 13th day of April, 2021.
[SEAL] Industrial Development Agency