TUESDAY, September 9, 2025
8:00 A.M - PLANNING DEPARTMENT CONFERENCE ROOM

I. MINUTES FROM AUGUST 12, 2025 MEETING:

II. BUDGET REPORT:

III. COMMITTEE REPORTS:

IV. FULTON COUNTY/FCCRG /FMRCC REPORTS:

V. OLD BUSINESS:

A. Nexus Renewables:

B. T-Bills:

• Current T-Bill status:

T-BILL # TERM RATE % EXPIRATION DATE
1 12 month 4.15% 11/28/25
2 9 month 3.923% 1/22/26
3 12 month 4.005% 5/14/26
4 6 month 4.003% 2/12/26

IDA DISCUSSION:

IDA ACTION:
MOTION:
MADE BY:
SECONDED:
DISCUSSION:
VOTE:

C. Website Research Project
• Emery Designs completed the audit of the CRG, IDA and Visitor Bureau websites. Currently working on Workforce Development.
• Emery Designs submitted a draft report “Unifying Economic Development & Tourism Web Experience Fulton County, NY”.
• Updated CDI Interview list sent to Betsy Emory.
• Betsy Emory making contact to those on the list to see who is willing to participate in the interviews.
• Betsy Emory developed the CDI Interview Questionnaire per category (Economic Development, Tourism, Workforce, and Housing).
• CDI Interview Questionnaire circulated to Executive Team for feedback.
• *See attached Questionnaires.

IDA DISCUSSION:

C. CITY OF JOHNSTOWN SENIOR HOUSING INITIATIVE:

a. Background:

• The City of Johnstown owns several parcels of land at the end of Prindle Avenue totaling 4.732+/- acres that include:

PARCEL
174.8-3-30
174.8-3-8
174.8-3-9
162.20-11-51

• The City of Johnstown recently amended the Zoning District for several of these properties from Public Use to Multi Family 1.
• The City of Johnstown Planning Board recently approved a 2-lot minor subdivision of lands of parcel 174.8-3-9 so that the Johnstown Community Center would be on its own lot.
• The City of Johnstown desires to have these properties developed into Senior Housing and is requesting that the IDA consider taking ownership of the properties in order to do so.
• In 2024, the City of Johnstown became the first municipality within Fulton County to be designated as a “Pro Housing” community under the State’s Pro Housing Communities Program.
• 5 Corners Development Corp. located in Saratoga Springs has expressed an interest in developing Senior Housing on the site.
• During the April 8, 2025 meeting, the IDA Board entertained a presentation by 5 Corners Development Corp. on developing Senior Housing on the Site.
• The IDA obtained an appraisal of the properties by Newmark Valuation & Advisory that included a Market Value in “As Is” condition at $50,000.
• During that meeting, the IDA Board discussed the transaction that would take place transferring the property from the City of Johnstown to the IDA and entering into an Option Agreement with 5 Corners Development to develop the property for Senior Housing.

b. Property Transfer from City of Johnstown to IDA:

• On April 21, 2025, the City of Johnstown adopted Resolution No. 42 of 2025 Authorizing to execute a contract with to convey city-owned property to the IDA for the purpose of affordable Senior Housing.
• A Bargain and Sale Deed has been provided to the IDA.
• Property Transfer Agreement has been signed by the City of Johnstown and is currently being signed by the IDA.

c. Option Agreement between 5 Corners Development and IDA:

• Option Agreement is being executed.

d. 5CD City of Johnstown Site Plan Review:

• 5CD received approval of the 64 unit Senior Housing Initiative on Tuesday August 5, 2025.

e. 5CD Application to Homes and Community Renewal:

• 5CD reported that there have been significant changes to the application pertaining to income levels that they are working though.
• Submitted a PILOT Support letter to HCR in support of application (*See attached letter).

IDA DISCUSSION:

f. IDA Legal Fees:

• The IDA has assumed additional legal fees for the preparation of the Option Agreement between 5 Corners Development and the IDA.
• The additional legal fees assumed total $6,192.00.
• Until such time that 5 Corners Development exercises the Option Agreement with the IDA, there will be no further legal services required.

MOTION: To authorize a payment in the amount of $6,192.00 to Fitzgerald, Morris, Baker, Firth for additional legal services provided to the City of Johnstown Senior Housing Initiative in 2025.

MADE BY:
SECONDED:
DISCUSSION:
VOTE:

IDA DISCUSSION:

VI. NEW BUSINESS:

B. FCCRG EXPERTISE PROJECT:

• In January 2025, the FCCRG received a $549,000 grant through CFA Round 14 of the ESD Mohawk Valley Empowers Grant fund to purchase a mobile-virtual immersive platform that will provide students with a virtual experience of what it would be like to work in partnering local/regional industries.
• The CRG is soliciting the five (5) Mohawk Valley Region IDA’s for providing up-front costs in order to kick start the initiative.
• The CRG is requesting $75,000 in funding that will be reimbursed through the awarded grant fund drawdowns within a 12-15 month period.
• During the August 12, 2025 meeting, Ken Adamczyk, FCCRG Economic Development Specialist presented an overview of the Expertise Project and his request for funding.
• The IDA unanimously agreed to financially support the initiative due to being in keeping with the IDA’s Mission and to support future workforce development efforts within the Mohawk Valley Region.
• Based upon continued discussion with IDA Counsel and the West & Company, the IDA can support the Expertise Project through a “Pre-Paid” Sponsorship and Marketing effort.
• The Fulton County IDA logo will be placed on components of the project.
• A Memorandum of Understanding (MOU) has been drafted outlining the Sponsorship.
• *See attached MOU.

IDA DISCUSSION:

MOTION:
MADE BY:
SECONDED:
DISCUSSION:
VOTE:

C. ADIRONDACK BOTTLING WORKS, LLC PROJECT:

1. General Background:

• Adirondack Bottling Works, LLC (ABW) is proposing to construct a 512,000+/-S.F manufacturing and warehousing facility on a 50+/- acres in the Tryon Technology Park.
• The project will utilize Reverse Osmosis technology to produce purified drinking water.
• ABW produces their own bottles utilizing a blow molding technique.
• The project will include the construction of three (3) 66’ high water solos and three (3) 61’ high resign pellet silos.

• The facility will be constructed in two (2) phases and consist of:

PHASE AREA (S.F.) # OF BOTTLING LINES # OF EMPLOYEES WATER DEMAND (GPD) SEWER DEMAND (GPD)
1 362,440 2 56 600,000 175,000
2 149,240 2 44 600,000 175,000

TOTALS 511,680 4 100 1.2M 350,000

2. Utilities:

Water

• Water to the project will be provided by the City of Gloversville Water Department.
- Phase 2 will require upgrades to the water pump station and a water main.

Sewer

• Sewer Capacity will be via Fulton County Sewer District No. 4: Hales Mills and the Gloversville-Johnstown Joint Wastewater Treatment Facility.
- Phase 2 will require upgrades to the wastewater pump station and 5,000+/- feet of force main (6” to 8”).

Electric

• Electric will be provided via existing infrastructure for Phase 1.
- National Grid will provide power for Phase 2 without additional infrastructure costs until a permanent power solution is online.
- A FastNY Track C application has been submitted to NYS ESD to assist in funding the additional power.

Natural Gas

• Natural Gas will be provided via the existing 99psi gas line located at Tryon.
• ABW produces their own bottles utilizing a blow molding technique.
• The project will include the construction of three (3) 66’ high water solos and three (3) 61’ high resign pellet silos.

3. Hours of Operation:

• The facility will operate 24 hours a day, 7 days a week year round.
• 4 rotating shifts (2 per day).

4. Truck Traffic:

• Phase 1 will consist of 3-4 truck trips per hour (6-8 vehicle trips) throughout a 24 hour cycle
• Phase 2 will consist of 6-8 truck trips per hour (12-16 vehicle trips) throughout a 24 hour cycle.
• Signage will be installed directing trucks onto CR 107, CR 158 and NYS Route 29 as the preferred truck route.
• A 4-way stop will be incorporated at the intersection of CR 107 and Sacandaga Road.

5. Town of Perth Review:

• Tryon is located within the Town of Perth Business Technology Zone (BTZ).
• July 28, 2025 - Planning Board commenced the review of the Site Plan.
- Commenced SEQR
- Scheduled Public Hearing

• August 14, 2025 - ZBA considered area variance for the six (6) silos and façade that exceeded 40 foot height regulation.

• August 20, 2025 - Planning Board continued the review of the Site Plan.
- Opened Public Hearing (left open).

• September 15, 2025 - Planning Board to continue to review the Site Plan.
- Expect to close Public Hearing and complete SEQR.
- Issue approval.

6. Tryon Technology Park Design Standards:

• In 2015, the IDA developed design standards for the Tryon Technology Park with the intent to create a high-quality business environment.
• *See attached Design Standards.

IDA DISCUSSION:

MOTION:
MADE BY:
SECONDED:
DISCUSSION:
VOTE:

VII. IDA TRAINING:

• During the annual meeting, the IDA established the following goals for 2025:

1. 2025 Goals:

GOAL STATUS
Continue Board and Executive Director Training. Monthly Training/NYS EDC IDA Academy
Maintain an IDA presence at the Brownfield Developers Summit and attend one (1) other Economic Development Conference.
Sponsored Brownfield Developers Summit
Determine the Feasibility and develop an action plan for the development/re-development of sites/buildings within the City of Johnstown, Gloversville and Villages for housing and/or light industrial/high tech uses.
Five Corners Development in City of Johnstown
Commence the implementation of Building Fulton County’s Future: Roundabout Housing Hub. Crossroads Park Housing
Commence the implementation of Building Fulton County’s Future: Tryon Residential Incubator Site.
Commence the implementation of Building Fulton County’s Future: Building Demolition & Substation Supporting Tryon Technology Park.
FastNY Track C application submitted to support new transmission and substation at Tryon.
Implement the coordinated final goal of the Joint Executive Committee in relation to a shared toolbox/landing page web concept (IDA, CRG, FMRCC, and Workforce Development) to include an audit of the IDA’s website.
CDI Interview list/questions.
Utilize the County’s Dashboard Matrix (Airtable) to track IDA goal progress. All projects added to Airtable/ongoing
Each member attend one (1) Board of Directors meeting of the Fulton-Montgomery Regional Chamber of Commerce. Ongoing

IDA DISCUSSION:

2. IDA Mission Statement:

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.

• IDA’s should avoid mission creep-moving away from the IDA’s mission.
• Does the IDA Board feel as though the current mission statement is clear and is representative for what the IDA does?

- Housing
- Tourism
- Other?

IDA DISCUSSION:

VII. OTHER BUSINESS:

IX. Executive Session:

VIII. NEXT MEETING:

IX. CLOSE MEETING: