ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY ST. LAWRENCE COUNTY IDA LOCAL DEVELOPMENT CORPORATION ST. LAWRENCE COUNTY IDA CIVIC DEVELOPMENT CORPORATION ST. LAWRENCE COUNTY LOCAL DEVELOPMENT CORPORATION ~ Meeting of May 9, 2014~ CALL TO ORDER: Vice-Chairman LaBaff called the meeting to order at 8:30 AM at the IDA office, Ernest J. LaBaff Industrial Building, Canton. ROLL CALL: Blevins .......................... LaBaff ........................... Peck .............................. Weekes ......................... Present Present Present Absent Hall ............................ McMahon ................. Staples ....................... Present Present Present Others: SLCIDA Staff (Patrick Kelly, Thomas Plastino, Richard Williams and Natalie Sweatland); Andrew Silver, Esq., Agency Counsel. PUBLIC NOTICE: Public notifications sent May 2, 2014 to, at a minimum: St. Lawrence County’s newspapers designated for the publication of local laws and other matters required by law to be published; additional local media sources and websites. PUBLIC COMMENT: Mr. John Byrne was asked to introduce himself. He informed the Board that he is a candidate for the 116th NY Assembly District, and spoke about his education and his campaign for the Assembly. Mr. LaBaff noted that he felt an IDA meeting was not the appropriate arena for political campaigning. APPROVAL OF MINUTES: LaBaff/McMahon motion to approve the minutes of the March 27, 2014 meeting. Carried unanimously. FINANCIAL REPORTS: Financial Summaries for January and February 2014, and Financial Statements for March 2014. Mr. Plastino pointed out a formula error in the Core Agencies’ report. Overall, the financial reports show positive operating and general revenue. REPORTS OF COMMITTEES: None STAFF REPORT: Mr. Kelly reports on the following: Presentation: A video from the Northern Corridor Transportation Group will be presented at the end of the staff report. Agenda: Mr. Kelly briefly reviews the meeting’s agenda items. Loan Closings: High Peaks Winery’s loan, along with CDEIP loans to the Massena BDC (Rail Spur project) and the Massena Town Hall (Revitalization project) have closed since the last IDA meeting. Buildings Report: Church and State, a coffee roasting operation, is leasing 1,000 sq. ft. of space within the Potsdam Commerce Park building. Illusion ATC, another new tenant, is leasing space in the MIP Lot 19 building. Mr. McMahon asks if partial-building or month-to-month leases preclude other long-term uses or building sales. Mr. Kelly notes that with month-to-month leases, we have flexibility. With longer-term leases, we have provisions within the leases to relocate companies to comparable sites/buildings should the opportunity arise for the sale of a building. North Country Grown Cooperative: SLCIDA staff released an RFP for a refrigerated truck pursuant to the Cooperative’s RBEG application. No responses were received. The staff will re-release an RFP and widen the search. Newton Falls Rail: Mr. Williams reports that Phase I of the project (clearing and creation of draft construction bid documents) should be complete by July. An inspection of the bridge will include an underwater element. The engineer has, so far, identified no major bridge issues. In response to questions from board members, Mr. Williams estimates that the line has been unused for 12 or 13 years. He also estimates that it will be 18 months before we can use the rail. Canton Industrial Park: Mr. Williams goes on to report on the CIP expansion project, noting that we have released an RFP and have a pre-bid meeting next week. The project will be a Type I environmental review. Marketing: Mr. Kelly reports on the recent marketing efforts put forth by the SLCIDA, including trades shows in Toronto, Ottawa and Hartford Ct., and upcoming shows in Montreal. Video: Northern Corridor Transportation Group: Mr. Kelly relates an email he received from Mark Bellardini, requesting funds for the NCTG’s marketing efforts. Board members reviewed the videos provided by Mr. Bellardini. Mr. Blevins notes they are nice ads, but they should not be run locally. They should be run in New York City, Albany, Syracuse, Buffalo, etc. We don’t need to convince ourselves of the need for better transportation infrastructure. EXECUTIVE SESSION: LaBaff/Peck motion for Executive Session at 8:53 AM to discuss the finances of a specific company and pending litigation with another company. The Board returns to Regular Session at 9:50 AM. OLD BUSINESS: None NEW BUSINESS: Announcement of Date of Annual Meeting: The Chairman sets Thursday, June 26, 2014 at 8:30 AM for the Annual Meeting. Appointment of Nominating Committee: The Chairman appoints a Nominating Committee consisting Mssrs. LaBaff, Blevins and Weekes. Resolution IDA-14-05-10: Authorizing Payment to Ogdensburg Bridge & Port Authority. Motion to approve Resolution IDA-14-05-10 by Mr. LaBaff, seconded by Mr. Blevins. The motion is carried by 5 “aye” votes and Mr. Peck abstaining. Resolution IDA-14-05-11: Authorizing the Provision of Additional Financial Assistance for the Benefit of St. Lawrence Gas Company, Inc. and Authorizing the Execution and Delivery of Related Documents. Mr. Kelly notes that this project corrects issues with Sales and Use Tax Exemptions. Board members were previously notified of public hearings and the results of the hearings. Motion to approve Resolution IDa14-05-11 by Mr. Blevins, seconded by Mr. LaBaff. The motion is carried by unanimous vote. Resolution IDA-14-05-12: Authorizing Modifications to the SLCIDA’s FY2014 Budget. Motion to approved Resolution IDA-14-05-12 by Mr. Peck, seconded by Mr. LaBaff. The motion is carried by unanimous vote. Resolution IDA-14-05-13: Accepting Application from Defelsko and Scheduling Public Hearing. Mr. Kelly explains that the Company has applied for financial assistance in the form of a PILOT and Sales and Use Tax exemption, and will be constructing a 25,000 sq ft structure in Ogdensburg. Motion to approve Resolution IDA-14-05-13 by Mr. Blevins, seconded by Mr. LaBaff. The motion is carried by unanimous vote. Resolution LDC-14-05-04: Extending Revolving Bridge Loan of $300,000 to Slic Network Solutions, Inc. Mr. Kelly explained that the current authorization has expired, and this will extend the bridge financing for 12 months. Motion to approved Resolution LDC-14-05-04 by Mr. Hall, seconded by Mr. LaBaff. The motion is carried by unanimous vote. Resolution LDC-14-05-05: Authorizing Modifications to SLCIDA-LDC’s FY2014 Budget. Motion to approve Resolution LDC-14-05-05 by Mr. LaBaff, seconded by Mr. Peck. The motion is carried by unanimous vote. Resolution LDC-14-05-06: Authorizing a Loan of Up to $200,000 to Riverside Iron, LLC. Mr. Kelly provides a brief overview of the project, noting the Company will be purchasing the Riverside Iron Works facility. The Company is already bidding jobs. The project is expecting to create a total of 12.5 FTEs and 2 consultants over the next three years. Motion to approve Resolution LDC-14-05-06 by Mr. Peck, seconded by Mr. Blevins. The motion is carried by unanimous vote. Resolution LDC-14-05-07: Authorizing a Loan of Up to $88,000 to BlastBoss, Inc. Mr. Kelly explains that the Company is currently headquartered in Richfield Springs, New York, and has been manufacturing multimedia blasting systems for six years. The Company’s specialty includes environmentally-friendly sandblasting and surface preparation systems. The project is expected to create 4.5 FTE jobs. Motion to approve Resolution LDC-14-05-07 by Mr. LaBaff, seconded by Mr. Blevins. The motion is carried by unanimous vote. Resolution MIC-14-05-04: Authorizing Loan Funding to Proline-Striping, LLC. The Company has applied for $20,000 in loan assistance through the Microenterprise Revolving Loan Fund to assist the company as it purchases machinery and equipment, and for working capital. The project is expected to create 1 FTE position, 51% of which shall be filled by a person(s) determined at hiring to be of low-moderate income. Motion to approve Resolution MIC-14-05-04 by Mr. Peck, seconded by Mr. McMahon. The motion is carried by unanimous vote. Resolution MIC-14-05-05: Authorizing Loan Funding to Sharrow’s Home Repair and Renovation, LLC. The Company has applied for $20,000 in loan assistance through the Microenterprise Revolving Loan Fund to assist the company as it purchases equipment, and for working capital. The Company is phasing out roofing projects due to the increased cost of Workers’ Compensation, and intends on adding excavating and plowing services. The project is expected to create 1 FTE seasonal position, 51% of which shall be filled by a person(s) determined at hiring to be of low-moderate income. Motion to approve Resolution MIC-14-0505 by Mr. Hall, seconded by Mr. Blevins. The motion is carried by unanimous vote. ADJOURNMENT: Adjourns at 10:10 AM by unanimous consent. (Mr.) Lynn Blevins, Secretary