ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
ST. LAWRENCE COUNTY IDA LOCAL DEVELOPMENT CORPORATION
ST. LAWRENCE COUNTY IDA CIVIC DEVELOPMENT CORPORATION
MEETING AGENDA
*Agenda subject to change*
March 25, 2016
Ernest J. LaBaff Industrial Building, 19 Commerce Lane, Suite 1, Canton, New York 13617
Call to Order
Roll Call
Public Notice
March 18, 2016
Public Comment
Approval of Minutes
February 18, 2016 Meeting ........................................................................................................ 1-3
March 9, 2016 SLCIDA-CDC Meeting ........................................................................................ 4
Financial Report:
Financial Reports [SLCIDA, SLCIDA-LDC (INCLUDING SLCLDC), SLCIDA-CDC]
December 2015......................................................................................................................... 5-20
Reports of Committees
Audit and Finance Committee
Governance Committee
Staff Report
Patrick Kelly
Old Business
None
New Business
Consent Agenda Items
Policy Review: Compensation, Reimbursement and Attendance ............................................. 21
Policy Review: Whistleblower Policy and Procedures ......................................................... 22-24
Policy Review: Defense and Indemnification ............................................................................ 25
St. Lawrence County Industrial Development Agency
Resolution:
Revisions to Code of Ethics ......................................................................... 26-27
Resolution:
Accepting FY2015 SLCIDA Audit ................................................................... 28
SLCIDA Audit (41 pages)
Review:
SLCIDA 2015 Mission and Performance Report......................................... 29-35
Review:
SLCIDA 2015 Annual Report ................................................................... 36-100
St. Lawrence County Industrial Development Agency Local Development Corporation
Resolution:
Revisions to Code of Ethics ......................................................................101-102
Resolution:
Accepting FY2015 SLCIDA-LDC Audit ........................................................ 103
SLCIDA-LDC Audit (22 pages)
Review:
SLCIDA-LDC 2015 Mission and Performance Report ............................104-108
Review:
SLCIDA-LDC 2015 Annual Report .........................................................109-159
Review:
SLC LDC 2015 Mission and Performance Report ...................................160-161
Review:
SLC LDC 2015 Annual Report ................................................................162-201
SLC LDC Audit (17 pages)
~ AGENDA CONTINUED ON NEXT PAGE ~
St. Lawrence County Industrial Development Agency Civic Development Corporation
Resolution:
Revisions to Code of Ethics ......................................................................202-203
Resolution:
Accepting FY2015 SLCIDA-CDC Audit ....................................................... 204
SLCIDA-CDC Audit (21 pages)
Review:
SLCIDA-CDC 2015 Mission and Performance Report ............................205-206
Review:
SLCIDA-CDC 2015 Annual Report .........................................................207-239
Executive Session
Adjournment
REMAINDER OF PAGE LEFT BLANK
ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
ST. LAWRENCE COUNTY IDA LOCAL DEVELOPMENT CORPORATION
ST. LAWRENCE COUNTY IDA CIVIC DEVELOPMENT CORPORATION
ST. LAWRENCE RIVER VALLEY REDEVELOPMENT AGENCY
~ Meeting of February 18, 2016 ~
CALL TO ORDER: The meeting was called to order at 8:35 AM at the offices of the St. Lawrence County
Industrial Development Agency, 19 Commerce Lane, Canton.
ROLL CALL:
St. Lawrence River Valley Redevelopment Agency
(RVRDA)
Paquin ......................................................... Absent
Carroll........................................................ Present
Chairman McNeil ...................................... Present
Murphy ....................................................... Absent
Strait .......................................................... Present
AF
T
St. Lawrence County IDA, SLCIDA-LDC,
SLCIDA-CDC
Blevins ..................................................... Present
Hall ........................................................... Present
LaBaff ...................................................... Present
McMahon ................................................. Present
Burke ........................................................ Present
Chairman Staples ..................................... Absent
Weekes ..................................................... Present
Johnston (Non-Voting) ............................... Absent
Others: SLCIDA Staff (Patrick Kelly, Thomas Plastino, Kimberly Gilbert, Rich Williams and Lori Sibley). Public
attendance: Patrick Curran, President of Curran Renewable Energy, LLC and Kenneth Ashley, Controller for
Curran Renewable Energy, LLC.
R
PUBLIC NOTICE: Public notifications sent February 10th 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.
D
EXECUTIVE SESSION: Hall/McMahon (SLCIDA-LDC) and Carroll/Strait (RVRDA) motion for Executive
Session to discuss matters relative to the financial history of a specific company. Motion approved unanimously
and the Boards go into Executive Session at 8:37 AM. McMahon/Weekes (SLCIDA-LDC) and Strait/Carroll
(RVRDA) motion to return to Regular Session at 9:26 AM.
Resolution IDALDC-15-02-01 and RVR-15-02-02, respectively, Authorizing Line Of Credit Of Up To
$1,500,000 To Curran Renewable Energy, LLC. McMahon/LaBaff (SLCIDA-LDC) and Strait/Carroll (RVRDA)
motion to approve the resolution. The motion is approved by unanimous vote.
Carroll/Strait motion to adjourn the RVRDA portion of the meeting. The RVRDA adjourns at 9:35 AM with
unanimous consent.
PUBLIC COMMENT: None
APPROVAL OF MINUTES: McMahon/Weekes motion to approve the October 22, 2015 and December 9, 2015
meeting minutes. Carried unanimously.
FINANCIAL REPORTS: Kimberly Gilbert, Chief Financial Officer, notes that the 4th quarter installment from
the St. Lawrence County Treasurer’s Office was received and will be noted in the December financial reports.
Weekes/Burke motion to approve the October 2015 and November 2015 Financial reports. Carried unanimously.
REPORTS OF COMMITTEES:
STAFF REPORT: Mr. Kelly reports on the following:
Page 1
Community Development & Environmental Improvement Program: The RVRDA has allocated up to $445,000
for the 2016 CDEI Program. A press release was distributed and applications were made available on February
12th with a deadline which indicates applications must be received no later than 4:00 PM on April 15, 2016.
New York Power Authority: The McKinsey study results were recently made available.
Tri Town Packing: It was recently announced that Tri Town Packing is again producing under USDA inspection.
There are other businesses in the area that are also pursuing slaughter houses in the Oswego and Watertown area,
as well as SPARX in St. Lawrence County.
Mark Hall: Mr. Hall was reappointed to another three year term in December 2015.
Authorities Budget Office “ABO” and Ethics Filing: Board member self-evaluations and Ethics Filing documents
were recently distributed to Board Members, Staff and Executives and are requested to be completed and returned
by the dates designated on the forms in order to be compliant.
NYS Economic Development Council: The Annual Meeting will be held in Cooperstown May 25th – 27th 2016.
Members are asked to notify Mr. Kelly or Mrs. Sibley if they wish to attend.
OLD BUSINESS: None
AF
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NEW BUSINESS:
Resolution IDA-16-02-01: Disposition of Real Property Policy (Annual Review) and 2015 Report of Property:
Blevins/Hall motion to approve the resolution. A brief discussion and review of the policy ensures. The motion
is approved by unanimous vote.
R
Resolution IDA-16-02-02: Authorizing Modifications to the SLCIDA FY2015 Budget: Mrs. Gilbert mentions
that the auditors recommend modifying any account with a $2,000 variance. There was no Canton Industrial Park
revenue from NYS Empire State Development to be recorded. Phase 1 of the Newton Falls Rail Rehabilitation
project was completely spent, as requested, and most of the monies have been received. Hall/Blevins motion to
approve the resolution. The motion is approved by unanimous vote.
Resolution IDA-16-02-03: Amendment to Curran Renewable Energy, LLC Series 2007 Industrial Development
Revenue Bonds: McMahon/Burke motion to approve the resolution. The motion is approved by unanimous vote.
D
Resolution IDA-16-02-04: Authorizing Construction Contract for Newton Falls Branch Rail Rehabilitation: At
the January 28, 2016 bid opening, five (5) proposals were received in response to the Request for Proposals relative
to Phase 2 Newton Falls Rail Rehabilitation Project. After analysis of the bid results and due diligence of
qualifications by Erdman Anthony Engineering Services and the SLCIDA project team which includes engineers
from DANC, it is recommended that the low bidder (Rhinehart Railroad Construction, Inc.) be awarded the
contract with their $6,876,570.56 bid. Mr. Kelly notes that a $750,000 line-of-credit has been established with
The Development Authority of the North Country and an additional request for a matching line with the St.
Lawrence River Valley Redevelopment Agency is near completion. Mr. Hall notes that this is the largest contract
the St. Lawrence County IDA has ever signed. Richard Williams, Facilities Manager, states that an additional
grant was awarded to the SLCIDA from Northern Border Regional Commission for $234,000 to go towards this
project. Hall/Weekes motion to approve the resolution. The motion is approved by unanimous vote.
Resolution IDALDC-16-02-02: Disposition of Real Property Policy (Annual Review) and 2015 Report of
Property. A brief discussion and review of the policy ensues. Weekes/Blevins motion to approve the resolution.
The motion is approved by unanimous vote.
Resolution IDALDC-16-02-03: Authorizing Modifications to SLCIDA-LDC FY2015 Budget. Weekes/Blevins
motion to approve the resolution. Mrs. Gilbert notes that the resolution includes modifications that were approved
by the RVRDA in their meeting last week. The motion is approved by unanimous vote.
Page 2
Resolution IDACDC-16-02-01: Disposition of Real Property policy (Annual Review) and 2015 Report of
Property. Hall/Weekes motion to approve the resolution. The motion is approved by unanimous vote.
Resolution IDACDC-16-02-02: Authorizing Modifications to SLCIDA-CDC FY2015 Budget. Hall/Weekes
motion to approve the resolution. The motion is approved by unanimous vote.
Resolution IDACDC-16-02-03: Authorizing Official Action Toward Issuance Of Up To $65,000,000 Of Revenue
Bonds for St. Lawrence University. Mr. Kelly reminds the members that a public hearing is scheduled for March
3rd and the St. Lawrence County Board of Legislators must approve the resolution at their meeting scheduled for
March 7th. Mr. Kelly provides a project summary highlighting the bonding history between the IDA-CDC and St.
Lawrence University and the employment growth numbers at St. Lawrence University. McMahon/Burke motion
to approve the resolution. The motion is approved by unanimous vote.
Resolution IDACDC-16-02-04: St. Lawrence University SEQRA.
resolution. The motion is approved by unanimous vote.
Hall/McMahon motion to approve the
AF
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Resolution IDACDC-16-02-05: Authorizing Official Action Toward Issuance Of Up To $30,000,000 Of Revenue
Bonds for St. Lawrence Health System, Inc. Mr. Kelly states that the same process will follow for this bond
request, whereby a public hearing is scheduled for March 3rd and the St. Lawrence County Board of Legislators
must approve the resolution at their meeting scheduled for March 7th. Hall/Burke motion to approve the resolution.
Mr. Kelly talks about the project. It includes $60,000 square feet of new construction and the creation of 39 jobs.
The motion is approved by unanimous vote.
Mr. Kelly has scheduled a Civic Facility Bond Training session for March 23rd for any St. Lawrence County
Legislator that is interested in attending, particularly those new members who may need a more thorough review
of the process involved in requests for Civic Facility Bond issuances.
Resolution IDACDC-16-02-06: St. Lawrence Health Systems, Inc. SEQRA. Weekes/Burke motion to approve
the resolution. The motion is approved by unanimous vote.
R
Mr. LaBaff refers to the letter of support he presented at the February 11, 2016 public hearing concerning the
direct sale contract for the sale of hydropower to Alcoa Inc and asks if the five (5) members of the Power Proceeds
Board have been named. Mr. Kelly responds that the Governor has not made an announcement at this time.
D
ADJOURNMENT: Hall/McMahon motion to Adjourn. The session adjourns at 10:06 AM by unanimous consent.
By:
Page 3
Mr. Lynn Blevins
Secretary
ST. LAWRENCE COUNTY IDA CIVIC DEVELOPMENT CORPORATION
~ Meeting of March 9, 2016
ROLL CALL:
Blevins .........................
Hall ..............................
McMahon ....................
Weekes.........................
Present
Present
Absent
Present
Burke ........................
LaBaff .......................
Staples .......................
Present
Present
Absent
Others Present: SLCIDA Staff (Patrick Kelly, Kimberly Gilbert and Lori Sibley).
DETERMINATION OF QUORUM and CALL TO ORDER: Vice-Chairman LaBaff announces that the
requirements for a quorum have been met, and calls the meeting to order at 8:37 AM at the IDA office, Ernest
J. LaBaff Industrial Building, Canton.
PUBLIC NOTICE: Public notifications sent March 3, 2016 to, at a minimum: newspapers designated for the
publication of local laws and other matters required by law to be published; additional local media sources and
websites.
AF
T
PUBLIC COMMENT: None
APPROVAL OF MINUTES: None
FINANCIAL REPORTS: None
REPORTS OF COMMITTEES: Mr. Kelly notes that the Audit & Finance Committee will meet immediately
following this meeting to review the FY 2015 audits. A complete and final audit report will be provided at the
next meeting.
NEW BUSINESS:
R
STAFF REPORT: Mr. Kelly suggests another meeting is scheduled before the end of March in order to
approve the final FY2015 audits and performance measurements for Public Authorities reporting.
D
Resolution CDC-16-03-07: Final Authorizing Resolution for the St. Lawrence University Bond Project. Mr.
Kelly notes that a public hearing was held on March 3rd. There was no attendance and no written
correspondence from the public. The County Board of Legislators approved their resolution on March 7th.
Motion to approve Resolution CDC-16-03-07 by Mr. Hall, seconded by Mr. Blevins. The motion is approved
by unanimous vote.
Resolution CDC-16-03-08: Final Authorizing Resolution for St. Lawrence Health Systems, Inc. Bond Project.
Mr. Kelly notes that a public hearing was held on March 3rd. There was no written correspondence from the
public. Mr. Richard Jacobs, Chief Financial Officer for Canton-Potsdam Hospital was in attendance. The
board is provided a record of his comments thanking the IDA-CDC for its support and consideration of the
project. There was no attendance from the public. The County Board of Legislators approved the resolution
on March 7th. Motion to approve Resolution CDC-16-03-08 by Mr. Hall, seconded by Mr. Weekes. The
motion is approved by unanimous vote.
ADJOURNMENT: A motion for meeting to adjourn is made at 8:50 AM by Mr. Hall, seconded by Mr.
Blevins. The motion is approved by unanimous consent.
Mr. Lynn Blevins
Secretary
Page 4
St. Lawrence County Industrial Development Agency
Balance Sheet
As of December 31, 2015
Dec 31, 15
ASSETS
Current Assets
Checking/Savings
200 · Cash
97,851.02
200P · Cash - Payroll Checking Account
201 · Cash in Time Deposits
203 · Cash - Rental Deposits
Total Checking/Savings
19,065.25
2,272,463.55
5,699.57
2,395,079.39
Other Current Assets
202 · Accrued Interest Receivable
206 · Accrued Accounts Receivable
210 · Prepaid Expenses
211 · Special Reserve
Total Other Current Assets
Total Current Assets
48.48
209,127.21
6,379.90
2,000,000.00
2,215,555.59
4,610,634.98
Fixed Assets
111 · Gouverneur Industrial Park
111-A · Gouverneur Industrial Park
74,139.65
Total 111 · Gouverneur Industrial Park
74,139.65
112 · Vehicles
112-A · Vehicles
112-B · Vehicles Depreciation
Total 112 · Vehicles
39,577.50
-31,223.00
8,354.50
119 · Massena Industrial Park-Lot 12
40,963.08
122 · Furnishings
122-A · Furnishing
122-B · Furnishing Depreciation
Total 122 · Furnishings
27,096.04
-23,773.32
3,322.72
126 · Potsdam Commerce Park
126-A · Potsdam Commerce Park Bldg
126-B · PCP Bldg Depreciation
Total 126 · Potsdam Commerce Park
890,509.28
-204,075.03
686,434.25
127 · Massena Lot 17
127A · Massena Lot 17 Building
127-B · Massena Lot17 Bldg Depreciation
Total 127 · Massena Lot 17
507,238.03
-73,100.00
434,138.03
128 · Canton Industrial Park
128B · Canton Industrial Park - Improv
128A · Canton Industrial Park - Land
Total 128 · Canton Industrial Park
572,994.00
166,250.00
739,244.00
129 · Canton Industrial Building
129-A · Canton Industrial Building
129-B · Canton Industrial Bldg Improv
129-C · Canton Ind Bldg - Depreciation
Total 129 · Canton Industrial Building
Total Fixed Assets
2,024,824.19
40,650.27
-161,261.08
1,904,213.38
3,890,809.61
Other Assets
299 · Deferred Outflow - Pension
Page 5
70,529.00
St. Lawrence County Industrial Development Agency
Balance Sheet
As of December 31, 2015
Dec 31, 15
Capital Lease Receivable
590 · L/R - Capital Lease OpTechLot20
334,730.55
Total Capital Lease Receivable
334,730.55
Notes Receivable (N/R)
450 · N/R - North Country Grown RBEG
6,172.80
483 · N/R - ATL - Tamarack Building
6,942.44
497 · N/R - High Peaks Winery RBEG
2,540.80
499 · N/R - Fockler Equip Lease
502 · N/R- SL Brewing Equip Lease
Total Notes Receivable (N/R)
Total Other Assets
33,877.39
35,000.00
84,533.43
489,792.98
TOTAL ASSETS
8,991,237.57
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
521 · Prepaid Rental Income
3,898.75
2100 · Deposit - Rental
5,699.57
523 · Accrued Expenses Payable
525 · Accrued Interest Payable
563.53
1,357.50
Total Other Current Liabilities
Total Current Liabilities
11,519.35
11,519.35
Long Term Liabilities
511 · Deferred Inflow of Pension
19,312.00
510 · Net Pension Liability
73,014.00
Mortgage Payable
651 · M/P - GMEDF GM Vendor Project
190,897.96
Total Mortgage Payable
190,897.96
Notes Payable (N/P)
655 · N/P - SLRVRA CIB Loan
654 · N/P - SLCIDA-LDC CIB Loan
Total Notes Payable (N/P)
500 · Emp Compensated Time Accruals
501 · PostEmpBenft Other Than Pension
Total Long Term Liabilities
Total Liabilities
668,176.74
678,301.12
1,346,477.86
209,484.16
589,003.00
2,428,188.98
2,439,708.33
Equity
3600 · Prior Period Adjustment
-92,326.00
3700 · Investment in Capital Assets
2,570,981.55
3800 · Net Assets - Assigned
2,000,000.00
3900 · Net Assets - Unassigned
Net Income
1,685,825.16
387,048.53
Total Equity
6,551,529.24
TOTAL LIABILITIES & EQUITY
8,991,237.57
Page 6
St. Lawrence County Industrial Development Agency
2015 Budget
Dec-15
OPERATING REVENUE- Other
2400 - Late Fees Received
2409B - Interest Income - Banking
2409L - Interest Income - Loans
2421 - St. Lawrence County Revenue
2422 - IDALDC Administrative Revenue
2423 - GMEDF Administrative Revenue
2999 - Miscellaneous Revenue
Total OPERATING REVENUE
Canton Industrial Building - CIB(SL Brewery)
2450 · Rental Income - CIB
Total Revenue for CIB
YTD
Balance
250.00
1,000.00
24,965.00
400,000.00
200,000.00
7,200.00
250.00
633,665.00
0.00
123.34
1,107.29
0.00
0.00
0.00
0.00
1,230.63
0.00
642.99
10,785.62
400,000.00
200,000.00
7,200.00
0.00
618,628.61
250.00
357.01
14,179.38
0.00
0.00
0.00
250.00
15,036.39
27,313.00
27,313.00
1,999.48
1,999.48
27,312.60
27,312.60
0.40
0.40
10,029.00
8,198.00
1,000.00
10,287.00
54,686.00
84,200.00
1,882.23
0.00
1,492.51
1,670.35
54,685.63
59,730.72
10,028.23
8,197.96
1,492.51
10,286.17
54,685.63
84,690.50
0.77
0.04
(492.51)
0.83
0.37
(490.50)
Total Canton Industrial Building
Canton Industrial Park
6456408 · Maintenance Expense - CIP
6456411 · Insurance Expense - CIP
6456499 · Miscellaneous Expense - CIP
Total Expenditure for CIP
(56,887.00)
(57,731.24)
(57,377.90)
490.90
500.00
1,676.00
250.00
2,426.00
0.00
0.00
349.52
349.52
0.00
1,675.48
1,072.02
2,747.50
500.00
0.52
(822.02)
(321.50)
Total Canton Industrial Park
Gouverneur Industrial Park
6486408 · Maintenance Expense - GIP
6486411 · Insurance Expense - GIP
6486499 · Miscellaneous Expense - GIP
Total Expenditure for GIP
(2,426.00)
(349.52)
(2,747.50)
321.50
1,000.00
100.00
250.00
1,350.00
0.00
0.00
0.00
0.00
1,625.00
90.36
0.00
1,715.36
(625.00)
9.64
250.00
(365.36)
Total Gouverneur Industrial Park
Massena Lot 20 Building (OpTech)
2490 · Rental Income - Massena Lot 20 Bldg
Total Revenue for Massena Lot 20
(1,350.00)
0.00
(1,715.36)
365.36
34,920.00
34,920.00
(31,796.42)
(31,796.42)
0.00
0.00
34,920.00
34,920.00
6470500 · Interest Expense - Massena Lot 20 Bldg
6470510 - Depreciation Expense - Massena Lot 20 Bldg
Total Expenditure for Massena Lot 20
405.00
17,888.00
18,293.00
5.28
0.00
5.28
342.66
0.00
342.66
62.34
17,888.00
17,950.34
Total Massena Lot 20 Bldg
Potsdam Commerce Park (Clarkson)
2495 · Rental Income - PCP Bldg
Total Revenue for Potsdam Commerce Park
16,627.00
(31,801.70)
(342.66)
16,969.66
23,985.00
23,985.00
225.00
225.00
24,361.25
24,361.25
(376.25)
(376.25)
6497408 · Maintenance Expense - PCP Bldg
6497411 · Insurance Expense - PCP Bldg
6497499 · Misc Expense - PCP Bldg
6497510 - Depreciation Expense - PCP Bldg
Total Expenditure for PCP
500.00
4,900.00
500.00
22,263.00
28,163.00
284.50
0.00
0.00
22,262.73
22,547.23
1,127.21
4,899.89
0.00
22,262.73
28,289.83
(627.21)
0.11
500.00
0.27
(126.83)
Total Potsdam Commerce Park
(4,178.00)
(22,322.23)
(3,928.58)
(249.42)
6455408 · Maintenance Expense - CIB
6455411 · Insurance Expense - CIB
6455416 · Utility Expense - CIB
6455500 · Interest Expense - CIB
6455510 - Depreciation Expense - CIB
Total Expenditure for CIB
Page 7
2015 Budget
Dec-15
YTD
Massena Lot 17(NY Power Tools)
2475 · Rental Income - Massena Lot 17 Bldg
Total Revenue for Massena Lot 17
22,800.00
22,800.00
1,900.00
1,900.00
22,800.00
22,800.00
6480408 · Maint Expense - Massena Lot 17 Bldg
6480411 · Insurance Expense - Massena Lot 17 Bldg
6480416 · Utility Expense - Massena Lot 17 Bldg
6480510 - Depreciation Expense - Massena Lot 17 Bldg
Total Expenditure for Massena Lot 17
10,157.00
7,596.00
2,500.00
10,200.00
30,453.00
9,425.00
0.00
92.83
10,200.00
19,717.83
10,156.85
7,596.03
2,754.89
10,200.00
30,707.77
Total Massena Lot 17
Balance
0.00
0.00
0.15
(0.03)
(254.89)
0.00
(254.77)
Total Building Revenues
Total Building Expenditures
Total Building Net Income
Total Building Depreciation
Building Net Income without Depreciation
Miscellaneous Projects
2413 · Project Fees
2420 · PILOT Payment Received (ATL-Tam)
2425 · NG Marketing Initiative Revenue
2499 · Canton Industrial Park Revenue
2455 · NF Rail Rehab Revenue
6499 - Miscellaneous Income
Total Revenue for Misc Projects
(7,653.00)
109,018.00
164,885.00
(55,867.00)
105,037.00
49,170.00
(17,817.83)
(27,671.94)
102,350.58
(130,022.52)
87,148.36
(42,874.16)
(7,907.77)
74,473.85
148,493.62
(74,019.77)
87,148.36
13,128.59
35,150.00
5,251.00
0.00
0.00
913,500.00
500.00
954,401.00
5,548.70
437.58
0.00
0.00
166,309.49
0.00
172,295.77
35,148.70
5,250.96
0.00
0.00
913,290.34
0.00
953,690.00
1.30
0.04
0.00
0.00
209.66
500.00
711.00
6420430 - NG Marketing Initiative Expense
6420434 - Accounting Expense - Misc Projects
6420501 - Railroad Interest Expense
6420617 - NF Rail Rehab Expense
6420619 - Massena Lot 17 Improvmens
6490613 · PILOT Payment Expense (ATL-Tam)
Total Expenditure for Misc Projects
0.00
4,500.00
0.00
281,154.00
0.00
5,251.00
290,905.00
0.00
0.00
0.00
16,467.82
0.00
437.58
16,905.40
0.00
3,600.00
0.00
281,153.62
0.00
5,250.96
290,004.58
0.00
900.00
0.00
0.38
0.00
0.04
900.42
Total Miscellaneous Projects
663,496.00
155,390.37
663,685.42
(189.42)
Page 8
254.77
34,544.15
16,391.38
18,152.77
17,888.64
36,041.41
2015 Budget
IDA General Operating Expenditures
6460408 · Maintenance Expense
6460411 · Insurance Expense
6460416 · Utilities Expense
6460418 · Underwriting/Credit Report Expense
6460420 · Office Supplies Expense
6460421 · Office Equipment Expense
6460422 · Equipment Repair Expense
6460423 · Telephone Expense
6460424 · Postage Expense
6460425 · Printing & Copying Expense
6460426 · IT Expense
6460427 · Professional Associations Expense
6460432 · Other Legal Expense
6460433 · Legal Expense - Retainer
6460434 · Accounting Expense
6460436 · Promotion/Marketing Expense
6460440 · Auto Expense
6460441 · Subscriptions & Periodical Expense
6460442 · Meeting Expense
6460443 · Mileage Expense
6460444 · Education Workshops Expense
6460445 · Other Travel Expense
6460499 · Miscellaneous Expense
6460501 - Interest Expense
6460503 - Payroll Expenses
503A - Salaries & Wages
503B - Employee Benefits
503C - Post Employment Benefits Expense
503D - Payroll Tax Expense
503E - Payroll Processing Fees
6460599 - Depreciation Expense
Total IDA General Operating Expenditures
Dec-15
YTD
Balance
3,392.00
10,054.00
4,478.00
250.00
2,215.00
1,825.00
0.00
6,000.00
1,800.00
1,500.00
3,946.00
2,500.00
1,113.00
7,000.00
6,000.00
37,517.00
2,219.00
500.00
1,000.00
1,021.00
3,000.00
7,091.00
8,808.00
7,248.00
(2,115.53)
(664.69)
(1,046.51)
0.00
302.73
1,020.80
(626.00)
532.07
0.00
234.76
(1,176.45)
0.00
862.50
0.00
0.00
(34,767.97)
460.14
0.00
0.00
393.36
0.00
97.49
6,827.20
1,076.88
3,391.87
10,053.57
4,477.54
0.00
2,214.67
1,824.92
0.00
6,906.03
1,103.84
661.02
3,945.23
2,119.17
1,112.91
7,000.00
5,850.00
37,517.01
2,218.71
571.20
937.94
1,020.87
2,800.00
7,090.06
8,807.36
7,125.89
0.13
0.43
0.46
250.00
0.33
0.08
0.00
(906.03)
696.16
838.98
0.77
380.83
0.09
0.00
150.00
(0.01)
0.29
(71.20)
62.06
0.13
200.00
0.94
0.64
122.11
376,919.00
157,160.00
133,970.00
26,800.00
2,400.00
3,754.00
821,480.00
30,388.89
5,655.45
133,968.98
2,169.51
254.56
4,408.91
148,257.08
376,918.35
157,158.51
133,968.98
26,789.12
3,252.05
4,408.91
821,245.73
0.65
1.49
1.02
10.88
(852.05)
(654.91)
234.27
Total Operating Revenue
Total Building Revenue
Total Miscellaneous Revenue
Total Revenues
633,665.00
109,018.00
954,401.00
1,697,084.00
1,230.63
618,628.61
(27,671.94)
74,473.85
172,295.77
953,690.00
145,854.46 1,646,792.46
15,036.39
34,544.15
711.00
50,291.54
Total Operating Expenditures
Total Building Expenditures
Total Miscellaneous Expenditures
Total Expenditures
821,480.00
164,885.00
290,905.00
1,277,270.00
148,257.08
102,350.58
16,905.40
267,513.06
234.27
16,391.38
900.42
17,526.07
Net Operating Income
Net Building Income
Net Miscellaneous Income
Total Net Income
Page 9
(187,815.00)
(55,867.00)
663,496.00
419,814.00
(147,026.45)
(130,022.52)
155,390.37
(121,658.60)
821,245.73
148,493.62
290,004.58
1,259,743.93
(202,617.12)
(74,019.77)
663,685.42
387,048.53
14,802.12
18,152.77
(189.42)
32,765.47
St. Lawrence County Industrial Development Agency
Cash and In Time Report
December 2015
Type of Account
Bank
Inte re st Rate
Amount
Money Market
Rental Deposits
Checking
Payroll Account
Key Bank
NBT Bank
NBT Bank
NBT Bank
0.01%
0.02%
0.02%
0.00%
$ 2,127,572.35
$
5,699.57
$
97,851.02
$
19,065.25
Savings
NBT Bank
0.02%
$ 2,144,891.20
$ 4,395,079.39
($2,000,000.00)
$ 2,395,079.39
Reserve
T otal Cash accounts
Page 10
St. Lawrence County IDALDC
Consolidated Balance Sheet
January through December 2015
General Fund
Loan Fund
GMEDF
RVRA
TOTAL
ASSETS
Current Assets
Checking/Savings
200 · Cash - General Fund
200B · Cash - General Fund - KeyBank
200BG · Cash - General - Key Bank
315,000.00
0.00
0.00
0.00
315,000.00
200BT · Cash - Training - Key Bank
15,000.00
0.00
0.00
0.00
15,000.00
Total 200B · Cash - General Fund - Key
330,000.00
0.00
0.00
0.00
330,000.00
40,515.13
70.00
0.00
0.00
40,585.13
5,740.46
0.00
0.00
0.00
5,740.46
376,255.59
70.00
0.00
0.00
376,325.59
201X · Cash - RLF - (Restr) SLBrew LO
0.00
50,000.00
0.00
0.00
50,000.00
200C · Cash - General - NBTBank
200P · Cash - General - Payroll NBT
Total 200 · Cash - General Fund
201 · Cash - Revolving Loan Fund
201A · Cash - RLF - FirstNiagara
0.00
358,985.30
0.00
0.00
358,985.30
201C · Cash - RLF - Comm'y Bank
0.00
55,006.03
0.00
0.00
55,006.03
201D · Cash - RLF - KeyBank
0.00
194,764.14
0.00
0.00
194,764.14
201F · Cash - RLF - NBT
0.00
415,974.19
0.00
0.00
415,974.19
201Z · Cash - RLF - CD_NBT
0.00
100,000.00
0.00
0.00
100,000.00
0.00
1,174,729.66
0.00
0.00
1,174,729.66
0.00
0.00
0.00
251,496.13
251,496.13
Total 201 · Cash - Revolving Loan Fund
202 · Cash - RVRA
202A · Cash - RVRA - NBT
202B · Cash - RVRA - NBT_MoneyMkt
0.00
0.00
0.00
1.00
1.00
202C · Cash - RVRA - Key
0.00
0.00
0.00
3,035,186.90
3,035,186.90
202D · Cash - RVRA - FirstNiagara
0.00
0.00
0.00
6,656,167.30
6,656,167.30
0.00
0.00
0.00
9,942,851.33
9,942,851.33
0.00
0.00
1,826,043.11
0.00
1,826,043.11
Total 203 · Cash - GMEDF
0.00
0.00
1,826,043.11
0.00
1,826,043.11
209 · Rental Security Deposits
0.00
0.00
0.00
531.41
531.41
376,255.59
1,174,799.66
1,826,043.11
9,943,382.74
13,320,481.10
376,255.59
1,174,799.66
1,826,043.11
9,943,382.74
13,320,481.10
Total 202 · Cash - RVRA
203 · Cash - GMEDF
203A · Cash - GMEDF - NBT
Total Checking/Savings
Total Current Assets
Fixed Assets
100 · Massena Lot 18 (MIB18) RVRA
100A · MIB 18 - Building [ RVRA]
0.00
0.00
0.00
359,800.00
359,800.00
100B · MIB 18 - Bldg Deprec [RVRA]
0.00
0.00
0.00
-33,373.78
-33,373.78
100C · MIB 18 - Improvements
0.00
0.00
0.00
58,122.00
58,122.00
0.00
0.00
0.00
384,548.22
384,548.22
0.00
0.00
0.00
340,200.00
340,200.00
Total 100 · Massena Lot 18 (MIB18) RVRA
101 · Massena Lot 19 (MIB19) RVRA
101A · MIB 19 - Building [RVRA]
101B · MIB 19 - Bldg Deprec [RVRA]
0.00
0.00
0.00
-33,748.17
-33,748.17
101C · MIB 19 - Improvements
0.00
0.00
0.00
92,540.01
92,540.01
0.00
0.00
0.00
398,991.84
398,991.84
0.00
0.00
0.00
783,540.06
783,540.06
Total 101 · Massena Lot 19 (MIB19) RVRA
Total Fixed Assets
Other Assets
Page 11
St. Lawrence County IDALDC
Consolidated Balance Sheet
January through December 2015
General Fund
Loan Fund
GMEDF
RVRA
TOTAL
Bad Debt Allowance
555-A · Bad Debt Allowance[RLF]
0.00
-69,000.00
0.00
0.00
-69,000.00
555-B · Bad Debt Allowance[RVRDA]
0.00
555-C · Bad Debt Allowance[GMEDF]
0.00
0.00
0.00
-80,000.00
-80,000.00
0.00
-40,000.00
0.00
-40,000.00
0.00
-69,000.00
-40,000.00
-80,000.00
-189,000.00
601 · Cap L/R - Curran 4MIB[RLF]
0.00
492,207.24
0.00
0.00
492,207.24
Total Capital Lease Receivable[RLF]
0.00
492,207.24
0.00
0.00
492,207.24
410 · M/R - CurranRenewEnergy [GMEDF
0.00
0.00
61,308.81
0.00
61,308.81
412 · M/R - GM Vendor [GMEDF]
0.00
0.00
190,897.96
0.00
190,897.96
413 · M/R - High Peaks Winery [GMEDF]
0.00
0.00
34,010.27
0.00
34,010.27
416 · M/R - FirstClassAire [GMEDF]
0.00
0.00
47,651.66
0.00
47,651.66
Total Mortgage Receivable [GMEDF]
0.00
0.00
333,868.70
0.00
333,868.70
501 · M/R - SLCIDACIB [RLF]
0.00
678,301.12
0.00
0.00
678,301.12
Total Mortgage Receivable [RLF]
0.00
678,301.12
0.00
0.00
678,301.12
0.00
0.00
0.00
34,020.46
34,020.46
Total Bad Debt Allowance
Capital Lease Receivable[RLF]
Mortgage Receivable [GMEDF]
Mortgage Receivable [RLF]
Mortgage Receivables [RVRA]
414 · M/R - High Peaks Winery [RVRA]
415 · M/R - FirstClassAire [RVRA]
0.00
0.00
0.00
47,651.67
47,651.67
500 · M/R - SLCIDACIB [RVRA]
0.00
0.00
0.00
668,176.74
668,176.74
0.00
0.00
0.00
749,848.87
749,848.87
459 · N/R - ATL_Tamarack [RLF]
0.00
1,524.44
0.00
0.00
1,524.44
466 · N/R - Hacketts [RLF]
0.00
76,065.13
0.00
0.00
76,065.13
479 · N/R - Atlantic Testing [RLF]
0.00
44,738.72
0.00
0.00
44,738.72
480 · N/R - CurranRenewEnergy [RLF]
0.00
130,749.71
0.00
0.00
130,749.71
483 · N/R - SLIC [RLF]
0.00
27,047.13
0.00
0.00
27,047.13
485 · N/R - NoCoDairy [RLF]
0.00
77,385.71
0.00
0.00
77,385.71
488 · N/R - GilbertGreenCoClub [RLF]
0.00
32,585.81
0.00
0.00
32,585.81
490 · N/R - SLIC LOC [RLF]
0.00
183,484.23
0.00
0.00
183,484.23
492 · N/R - CurranRenewable2012 [RLF]
0.00
83,231.94
0.00
0.00
83,231.94
493 · N/R - St Lawrence Brewing [RLF]
0.00
48,754.45
0.00
0.00
48,754.45
0.00
705,567.27
0.00
0.00
705,567.27
0.00
0.00
0.00
12,696.92
12,696.92
Total Mortgage Receivables [RVRA]
N/R Revolving Loan Fund - [RLF]
Total N/R Revolving Loan Fund - [RLF]
Notes Receivable - [RVRA]
494 · N/R - Town of Massena [RVRA]
485R · N/R - NoCoDairy [RVRA]
0.00
0.00
0.00
77,385.70
77,385.70
486 · N/R - SLIC [RVRA]
0.00
0.00
0.00
214,283.51
214,283.51
487 · N/R - StructuralWood - [RVRA]
0.00
0.00
0.00
94,515.59
94,515.59
489 · N/R - NicholvilleTel [RVRA]
0.00
0.00
0.00
194,678.74
194,678.74
495 · N/R - City of Ogdensburg [RVRA]
0.00
0.00
0.00
19,302.29
19,302.29
496 · N/R - BDC Rail Loan [RVRA]
0.00
0.00
0.00
197,504.00
197,504.00
497 · N/R - BlastBoss [RVRA]
0.00
0.00
0.00
27,667.43
27,667.43
498 · N/R - Riverside Iron [RVRA]
0.00
0.00
0.00
86,564.28
86,564.28
Page 12
St. Lawrence County IDALDC
Consolidated Balance Sheet
January through December 2015
General Fund
Loan Fund
GMEDF
RVRA
TOTAL
503 · N/R - Town of Louisville [RVRA]
0.00
0.00
0.00
9,384.59
9,384.59
504 · N/R - Hozmerica [RVRA]
0.00
0.00
0.00
15,822.62
15,822.62
505 · N/R - Hoosier [RVRA]
0.00
0.00
0.00
98,330.46
98,330.46
0.00
0.00
0.00
1,048,136.13
1,048,136.13
420 · N/R - NoRacq Greenery [GMEDF]
0.00
0.00
25,257.18
0.00
25,257.18
421 · N/R - Atlantic Testing [GMEDF]
0.00
0.00
44,738.72
0.00
44,738.72
423 · N/R - HoosierMagn [GMEDF]
0.00
0.00
88,242.67
0.00
88,242.67
432 · N/R - CliftonFineHosp [GMEDF]
0.00
0.00
111,157.55
0.00
111,157.55
434 · N/R - StructuralWood [GMEDF]
0.00
0.00
94,515.59
0.00
94,515.59
436 · N/R - BlastBoss [GMEDF]
0.00
0.00
27,667.44
0.00
27,667.44
437 · N/R - Riverside Iron [GMEDF]
0.00
0.00
86,564.28
0.00
86,564.28
0.00
0.00
478,143.43
0.00
478,143.43
Total Notes Receivable - [RVRA]
Notes Receivable GMEDF
Total Notes Receivable GMEDF
206 · Accrued Accounts Receivable
210 · Accrued Interest Receivable
Total Other Assets
TOTAL ASSETS
3,095.69
600.00
0.00
2,161.28
5,856.97
0.00
2,022.88
922.44
1,805.45
4,750.77
3,095.69
379,351.28
1,809,698.51
2,984,498.17
772,934.57
2,598,977.68
1,721,951.73
12,448,874.53
4,307,680.50
18,411,701.66
0.00
0.00
0.00
531.41
531.41
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
2101 · Rental Deposit
522 · Prepaid Receivables
0.00
0.00
0.00
3,088.75
3,088.75
523 · Accrued Expenses Payable
0.00
0.00
0.00
36,189.73
36,189.73
0.00
0.00
0.00
39,809.89
39,809.89
0.00
0.00
0.00
39,809.89
39,809.89
0.00
0.00
0.00
39,809.89
39,809.89
85,322.84
27,205.87
-12,095.69
-1,197,714.69
-1,097,281.67
Total Other Current Liabilities
Total Current Liabilities
Total Liabilities
Equity
32000 · Unrestricted Net Assets
3700 · Prior Period Adjustment
3800 · Net Assets - Unrestricted
3900 · Net Assets - Temp Restricted
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
0.00
-1,433.62
0.00
1,433.62
0.00
252,994.57
0.00
0.00
0.00
252,994.57
0.00
3,048,603.39
2,815,091.35
14,315,639.92
20,179,334.66
41,033.87
-89,877.47
-204,017.98
-710,294.21
-963,155.79
379,351.28
379,351.28
2,984,498.17
2,984,498.17
2,598,977.68
2,598,977.68
12,409,064.64
12,448,874.53
18,371,891.77
18,411,701.66
Page 13
St. Lawrence County IDALDC
Consolidated Budget Report
Budget vs. Actual
Income
Budget
General Fund Loan Fund
Dec 2015
Dec 2015
GMEDF
Dec 2015
RVRDA
Dec 2015
YTD
Balance
OPERATING REVENUE
2400 · Late Fees Received
350.00
0.00
0.00
0.00
0.00
493.00
9,180.00
0.00
54.30
60.31
1,142.27
7,755.49
1,424.51
2409L · Interest Income - Loans
122,507.00
0.00
5,776.73
3,284.66
5,081.24
122,495.43
11.57
2412 · RVRA Administrative Revenue
300,000.00
0.00
0.00
0.00
0.00
300,000.00
0.00
37,150.00
6,535.34
0.00
0.00
0.00
37,148.24
1.76
2409B · Interest Income - Banking
2413 · WIB Director Revenue
2424 · Brasher Admin Income (LDCMicro)
2450 · Miscellaneous Income
Total OPERATING REVENUE
(143.00)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3,000.00
0.00
0.00
0.00
0.00
2,200.00
800.00
472,187.00
6,535.34
5,831.03
3,344.97
6,223.51
470,092.16
2,094.84
4TH MASSENA INDUSTRIAL BUILDING
2421 · Rental Income-4MIB
34,855.00
0.00
(31,880.98)
0.00
0.00
0.00
34,855.00
Total Revenue for 4MIB
34,855.00
0.00
(31,880.98)
0.00
0.00
0.00
34,855.00
6485499 · 4MIB - Miscellaneous Expense
0.00
0.00
0.00
0.00
0.00
0.00
0.00
6485510 · 4MIB - Depreciation Expense
15,297.00
0.00
0.00
0.00
0.00
0.00
15,297.00
Total Expenditures for 4MIB
15,297.00
0.00
0.00
0.00
0.00
0.00
15,297.00
19,558.00
0.00
0.00
0.00
0.00
19,558.00
Total 4TH MASSENA INDUSTRIAL BUILDING
(31,880.98)
MASSENA INDUSTRIAL BUILDING LOT18
2422 - MIB Lot 18 Rent
1,500.00
0.00
0.00
0.00
125.00
1,500.00
0.00
Total Revenue for MIB18
1,500.00
0.00
0.00
0.00
125.00
1,500.00
0.00
6486408 · MIB18 - Maintenance Expense
85.00
0.00
0.00
0.00
0.00
84.50
0.50
6486411 · MIB18 - Insurance Expense
6,080.00
0.00
0.00
0.00
0.00
6,079.41
0.59
6486416 · MIB18 - Utility Expense
3,622.00
0.00
0.00
0.00
167.24
3,621.94
0.06
500.00
0.00
0.00
0.00
0.00
0.00
500.00
6486499 · MIB18 - Miscellaneous Expense
6486500 · MIB18 - Depreciation Expense
10,567.00
0.00
0.00
0.00
10,586.45
10,586.45
(19.45)
Total Expenditures for MIB18
20,854.00
0.00
0.00
0.00
10,753.69
20,372.30
481.70
(19,354.00)
0.00
0.00
0.00
(10,628.69)
(18,872.30)
(481.70)
Total MASSENA INDUSTRIAL BUILDING LOT18
MASSENA INDUSTRIAL BUILDING LOT19
2422 - MIB Lot 19 Rent
47,209.00
0.00
0.00
0.00
1,697.92
47,208.79
0.21
Total Revenue for MIB19
47,209.00
0.00
0.00
0.00
1,697.92
47,208.79
0.21
6487408 · MIB19 - Maintenance Expense
6487411 · MIB19 - Insurance Expense
100.00
0.00
0.00
0.00
0.00
84.50
4,500.00
0.00
0.00
0.00
0.00
5,012.48
15.50
(512.48)
6487416 · MIB19 - Utility Expense
500.00
0.00
0.00
0.00
0.00
0.00
500.00
6487499 · MIB19 - Miscellaneous Expense
500.00
0.00
0.00
0.00
0.00
0.00
500.00
6487500 · MIB19 - Depreciation Expense
12,203.00
0.00
0.00
0.00
12,202.17
12,202.17
0.83
Total Expenditures for MIB19
17,803.00
0.00
0.00
0.00
12,202.17
17,299.15
503.85
29,406.00
0.00
0.00
0.00
(10,504.25)
29,909.64
(503.64)
Total MASSENA INDUSTRIAL BUILDING LOT19
MISCELLANEOUS PROJECTS
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2454 · MIB 18 & 19 Improvement Revenue
2425 · NG Marketing Initiative Revenue
60,000.00
0.00
0.00
0.00
59,714.57
59,714.57
285.43
Total Revenue for Misc Projects
60,000.00
0.00
0.00
0.00
59,714.57
59,714.57
285.43
7,500.00
0.00
0.00
0.00
0.00
0.00
7,500.00
6420436 · NG Marketing Initiative Expense
6420430 · Training Reimb Expense
0.00
0.00
0.00
0.00
0.00
0.00
0.00
6420486 · Improvements on MIB 18
0.00
0.00
0.00
0.00
0.00
0.00
0.00
6420487 · Improvements on MIB 19
0.00
0.00
0.00
0.00
0.00
0.00
0.00
7,500.00
0.00
0.00
0.00
0.00
0.00
7,500.00
52,500.00
83,564.00
53,954.00
29,610.00
38,067.00
67,677.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Expenses for Misc Projects
Total MISCELLANEOUS PROJECTS
Total Building Revenues
Total Building Expenditures
Total Building Net Income
Total Building Depreciation
Building Net Income without Depreciation
Page 14
0.00
(31,880.98)
0.00
(31,880.98)
0.00
(31,880.98)
0.00
0.00
0.00
0.00
0.00
0.00
59,714.57
1,822.92
22,955.86
(21,132.94)
22,788.62
1,655.68
59,714.57
48,708.79
37,671.45
11,037.34
22,788.62
33,825.96
(7,214.57)
34,855.21
16,282.55
18,572.66
15,278.38
33,851.04
St. Lawrence County IDALDC
Consolidated Budget Report
Budget vs. Actual
Budget
General Fund Loan Fund
Dec 2015
Dec 2015
GMEDF
Dec 2015
RVRDA
Dec 2015
YTD
Balance
GENERAL OPERATING EXPENSES
6460411 · Insurance Expense
1,500.00
0.00
0.00
0.00
0.00
1,362.99
137.01
6460418 · Underwriting/Credit Report Expense
1,500.00
0.00
0.00
20.00
0.00
570.30
929.70
6460420 · Office Supplies Expense
325.00
0.00
0.00
44.42
44.43
190.70
134.30
6460427 · Memberships & Dues Expense
250.00
0.00
0.00
0.00
0.00
175.00
75.00
48,600.00
0.00
0.00
0.00
0.00
48,600.00
0.00
300,000.00
0.00
0.00
0.00
0.00
300,000.00
0.00
6,920.00
0.00
757.50
0.00
225.00
2,677.50
4,242.50
6460430 · Contractual Expenses to MED
6460431 · IDALDC Admin Payment
6460432 · Other Legal Expense
6460433 · Legal Expense - Retainer
6460434 · Accounting Expense - General
6460435 - GMEDF Admin Fee
7,000.00
0.00
0.00
0.00
0.00
7,000.00
12,600.00
0.00
0.00
0.00
0.00
13,075.00
0.00
(475.00)
7,200.00
0.00
0.00
0.00
0.00
7,200.00
0.00
36,946.00
0.00
0.00
0.00
36,720.98
36,945.98
0.02
6460442 · Meeting Expense
250.00
0.00
0.00
0.00
0.00
10.00
240.00
6460443 · Mileage Expense
500.00
0.00
0.00
0.00
0.00
37.38
462.62
6460445 ·Other Travel Expense
500.00
0.00
0.00
0.00
0.00
11.00
489.00
6460450-11 · CDEIP 2011
72,281.00
0.00
0.00
0.00
0.00
72,280.80
0.20
6460450-12 · CDEIP 2012
0.00
0.00
0.00
0.00
0.00
0.00
0.00
6460450-13 · CDEIP 2013
40,000.00
0.00
0.00
0.00
0.00
40,000.00
0.00
6460450-14 · CDEIP 2014
208,271.00
0.00
0.00
0.00
2,935.44
208,270.88
0.12
6460450-15 · CDEIP 2015
40,937.00
0.00
0.00
0.00
1,716.00
40,936.65
0.35
1,500.00
0.00
0.00
0.00
15.00
30.00
1,470.00
86,488.00
6,652.92
0.00
0.00
0.00
86,487.96
530.00
36.12
0.00
0.00
0.00
537.71
503D - Payroll Tax Expenses
7,090.00
508.94
0.00
0.00
0.00
6,857.71
232.29
503E- Payroll Processing Fees
1,750.00
161.32
0.00
0.00
0.00
2,172.61
(422.61)
200,000.00
0.00
0.00
0.00
0.00
200,000.00
0.00
0.00
69,000.00
40,000.00
80,000.00
428,569.69
6460436 - Marketing
6460499 · Miscellaneous Expense
6460503 · Payroll Expenses
503A - Salaries & Wages
503B - Employee Benefits
6460550 · IDA Admin Payment
6460555 · Bad Debt Expense
6460599 · Depreciation Expense
0.00
0.00
0.00
0.00
0.00
0.00
1,082,938.00
7,359.30
69,757.50
40,064.42
121,656.85
1,503,999.86
615,751.00
6,535.34
(26,049.95)
3,344.97
67,761.00
578,515.52
Total Expenses 1,144,392.00
7,359.30
69,757.50
40,064.42
144,612.71
1,541,671.31
(36,719.45)
0.00
(36,719.45)
(76,851.71)
22,788.62
(54,063.09)
Total GENERAL OPERATING EXPENSES
Total Income
Net Income
Depreciation Costs
Net Income without Deprecciation
(528,641.00)
38,067.00
(490,574.00)
(823.96) (95,807.45)
0.00
0.00
(823.96) (95,807.45)
Page 15
(963,155.79)
22,788.62
(940,367.17)
0.04
(7.71)
0.00
(428,569.69)
0.00
(421,061.86)
37,235.48
(397,279.31)
434,514.79
15,278.38
449,793.17
St. Lawrence County Industrial Development Agency
Local Development Corporation
Cash and In T ime Report
December 2015
Restricted /
Unrestricted
Interest
Rate
Key Bank Gen TrainingMoney Market Unrestricted
Key Bank
General Money Market Unrestricted
NBT
General Money Market Restricted
NBT
General
Payroll
Unrestricted
NBT
GMEDF
Checking
Restricted
Community Ban Loan Fund Money Market Restricted
First Niagara Loan Fund Money Market Restricted
Key Bank Loan Fund Money Market Restricted
NBT
Loan Fund Checking
Restricted
NBT
Loan Fund Brewery LOC
Restricted
NBT
Loan Fund
CD
Restricted
First Niagara
RVRA Money Market Restricted
Key Bank
RVRA Money Market Restricted
NBT
RVRA
Checking
Restricted
NBT
RVRA Money Market Restricted
NBT
RVRA Rental Sec Dep Restricted
0.01%
0.01%
0.02%
0.00%
0.02%
0.10%
0.05%
0.01%
0.02%
0.05%
0.05%
0.10%
0.02%
0.02%
0.02%
0.02%
Bank
Fund
Account
Type
Page 16
Balance
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
15,000.00
315,000.00
40,585.13
5,740.46
1,826,043.11
55,006.03
358,985.30
194,764.14
415,974.19
50,000.00
100,000.00
6,656,167.30
3,035,186.90
251,496.13
1.00
531.41
13,320,481.10
St. Lawrence County Local Development Corporation
Balance Sheet
As of December 31, 2015
Dec 31, 15
ASSETS
Current Assets
200 · NBT Checking
110,501.27
Total Checking/Savings
110,501.27
Other Current Assets
210 · Accrued Interest Receivable
Total Other Current Assets
Total Current Assets
578.56
578.56
111,079.83
Other Assets
555 · Bad Debt Allowance
-26,500.00
Loans Receivable
400 · Adirondack Battery
404 · Felician House
4,706.94
3,636.18
405 · Gordons Frame to Finish
18,711.07
407 · Hebel Welding
17,803.94
412 · Maple Run Emporiums, Inc
1,174.25
413 · New Horizons Wireless, Inc.
2,016.12
429 · Proline Striping
415 · River Lane Campground
14,965.49
3,990.16
425 · Sam's Party Tents
10,275.93
426 · Shades Tanning
17,571.87
430 · Sharrow's Home Repair 2
15,168.90
418 · Splendid Spaces
10,248.70
428 · Susan's Stitches
14,881.22
421 · Tony's Canvas & Leather
166.51
422 · Unique Boutique
3,747.94
423 · Valley Greenery
1,956.19
427 · Waddington Auto Parts
431 · Wright's Tool Sales
Total Loans Receivable
Total Other Assets
TOTAL ASSETS
16,190.29
19,996.66
177,208.36
150,708.36
261,788.19
LIABILITIES & EQUITY
Liabilities
Other Current Liabilities
523 · Accrued Accounts Payable
Total Liabilities
2,600.00
2,600.00
Equity
3800 · Unrestricted - Board Designated
3700 · Unrestricted
312,686.38
110.00
Net Income
-53,608.19
Total Equity
TOTAL LIABILITIES & EQUITY
Page 17
259,188.19
261,788.19
St. Lawrence County Local Development Corporation
Profit / Loss Budget Report
Budget 2015
Dec-15
YTD
Balance
Income
2400 · Late Fees Received
1,000.00
75.00
735.00
10.00
3.46
18.78
(8.78)
7,562.00
1,000.00
1,047.87
0.00
8,617.21
0.00
(1,055.21)
1,000.00
9,572.00
1,126.33
9,370.99
201.01
6460411 · Insurance Expense
500.00
0.00
454.33
45.67
6460418 · Underwriting/Credit Reports Expense
500.00
60.00
893.30
(393.30)
25.00
0.00
0.00
25.00
100.00
0.00
0.00
100.00
2,500.00
3,920.00
3,940.00
500.00
0.00
500.00
0.00
3,200.00
0.00
3,025.00
175.00
150.00
0.00
0.00
150.00
2409B · Interest Income - Banking
2409L · Interest Income - Loans
2424 · Brasher Admin Income
Total Income
265.00
Expense
6460420 · Office Supplies Expense
6460424 · Postage Expense
6460432 · Other Legal Expense
6460433 · Legal Expense - Retainer
6460434 · Accounting Expense - General
6460442 · Meeting Expense
(1,440.00)
6460452 · Brasher Admin Payment to IDALDC
1,000.00
0.00
0.00
1,000.00
6460502 · Contract/Service Agreement Expense
7,500.00
0.00
250.00
7,250.00
100.00
0.00
0.00
26,500.00
0.00
53,916.55
100.00
(53,916.55)
16,075.00
30,480.00
62,979.18
(46,904.18)
9,572.00
1,126.33
9,370.99
16,075.00
(6,503.00)
30,480.00
(29,353.67)
62,979.18
(53,608.19)
6460499 · Miscellaneous Expense
6460550· Bad Debt Expense
Total Expense
Total Revenue
Total Expenditures
Net Income
Page 18
201.01
(46,904.18)
47,105.19
St. Lawrence County IDA Civic Development Corp.
Balance Sheet
As of December 31, 2015
Dec 31, 15
ASSETS
Current Assets
Checking/Savings
200 · Checking Account
200-N · NBT Account
200B · NBT - Restricted - CivicDevFund
200A · NBT - Unrestricted - Checking
54,332.02
142,607.20
Total 200-N · NBT Account
196,939.22
200C · Key Money Market-Unrestricted
131,627.14
Total 200 · Checking Account
Total Checking/Savings
328,566.36
328,566.36
Other Current Assets
202 · Accrued Interest Receivable
Total Other Current Assets
Total Current Assets
2,176.56
2,176.56
330,742.92
Other Assets
401 · N/R - OBPA 2012
28,828.42
402 · N/R - Fire Training Facility
80,559.08
403 · LOC - SLC Chamber of Commerce
Total Other Assets
TOTAL ASSETS
19,292.89
128,680.39
459,423.31
LIABILITIES & EQUITY
Equity
Restricted
54,322.02
3900 · Unrestricted - Board Designated
Net Income
402,933.27
2,168.02
Total Equity
TOTAL LIABILITIES & EQUITY
459,423.31
459,423.31
Page 19
St. Lawrence County IDA
Civic Development Corporation
2015 Budget
Income
2400 · Late Payment Fee Received
2409B · Interest Income - Banking
2409L · Interest Income - Loans
2415 · Project/Bond Fees
Dec-15
YTD
Balance
25.00
55.00
3,975.00
2,000.00
6,055.00
0.00
6.71
2,351.77
0.00
2,358.48
25.00
49.03
3,973.32
2,000.00
6,047.35
0.00
5.97
1.68
0.00
7.65
Expenditures
6460411 · Insurance Expense
6460432 · Legal Expense
6460433 · Legal Expense - Retainer
6460434 · Accounting Expense
6460442 · Meeting Expense
6460450 · Project Development Expense
6460499 · Miscellaneous Expense
Total IDA CDC Operating Expenditures
500.00
0.00
500.00
2,925.00
0.00
0.00
250.00
4,175.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
454.33
0.00
500.00
2,925.00
0.00
0.00
0.00
3,879.33
45.67
0.00
0.00
0.00
0.00
0.00
250.00
295.67
Total Revenue
Total Expenditures
Net Income
6,055.00
4,175.00
1,880.00
2,358.48
0.00
2,358.48
6,047.35
3,879.33
2,168.02
7.65
295.67
(288.02)
Page 20
ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
Res. No. IDA-16-03-xx
ST. LWRENCE COUNTY IDA LOCAL DEVELOPMETN CORPORATION
Res. No. LDC-16-03-xx
ST. LAWRENCE COUNTY IDA CIVIC DEVELOPMENT CORPORATION
Res. No. IDA-16-03-xx
Governance Committee Review: March 9, 2016
March 25, 2016
WHEREAS, the St. Lawrence County Industrial Development Agency has caused to
be conducted a review of its Compensation, Reimbursement and Attendance Policy, and
THEREFORE, BE IT RESOLVED, that the St. Lawrence County Industrial
Development authorizes the following policy:
Policy of
St. Lawrence County Industrial Development Agency
Compensation, Reimbursement and Attendance
Pursuant to and in accordance with Sections 856 and [GML enabling act] of the General
Municipal Law of the State of New York, the members of the board of the St. Lawrence County
Industrial Development Agency (the “Authority”) shall serve without salary at the pleasure of
the St. Lawrence County Board of Legislators but may be reimbursed for reasonable expenses
incurred in the performance of Authority duties at the approval of the Board.
The officers, employees and agents of the Authority shall serve at the pleasure of the Authority
at such compensation levels as may be approved by the Board from time to time, and may be
reimbursed for reasonable expenses incurred in the performance of Authority duties at the
approval of the Board.
The members of the Board and officers of the Authority shall be available as required to perform
the operations of the Authority and as set forth within the By-Laws of the Authority, as may
be amended, restated or revised by the Board from time to time. Said members and officers of
the Authority shall put forth their best efforts to perform their respective duties as outlined in
the By-Laws of the Authority and any other directives of the Board relating to same.
Any and all previously-approved Compensation, Reimbursement and Attendance policies of
the Authority are hereby rescinded.
Move:
Second:
VOTE
Blevins
Burke
Hall
LaBaff
McMahon
Staples
Weekes
AYE
NAY
ABSTAIN
ABSENT
I HEREBY CERTIFY that I have compared this copy of
this Resolution with the original record in this office, and
that the same is a correct transcript thereof and of the
whole of said original record.
/s/
Lori Sibley
March 25, 2016
Page 21
ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
Res. No. IDA-16-03-xx
ST. LAWRENCE COUNTY IDA LOCAL DEVELOPMENT CORPORATION
Res. No. LDC-16-03-xx
ST. LAWRENCE COUNTY IDA CIVIC DEVELOPMENT CORPORATION
Res. No. CDC-16-03-xx
Governance Committee Review: March 9, 2016
March 25, 2016
WHEREAS, the St. Lawrence County Industrial Development Agency has caused to
be conducted a review of its Whistleblower Policy and Procedures, and
THEREFORE, BE IT RESOLVED, that the St. Lawrence County Industrial
Development authorizes the following policy:
Policy of
St. Lawrence County Industrial Development Agency
Whistleblower Policy and Procedures
Every member of the board (the “Board”) of the St. Lawrence County Industrial Development
Agency (the “Authority”) and all officers and employees thereof, in the performance of their
duties shall conduct themselves with honesty and integrity and observe the highest standards of
business and personal ethics as set forth in the Code of Ethics of the Authority (the “Code”).
Purpose:
It is the policy of the Authority to afford certain protections to individuals who, in good faith,
report violations of the Authority’s Code of Ethics or other instances of potential wrongdoing
within the Authority. The Whistleblower Policy and Procedures set forth below are intended
to encourage and enable employees to raise concerns in good faith within the Authority and
without fear of retaliation or adverse employment action.
Definitions:
“Good Faith” – Information concerning potential wrongdoing is disclosed in “good faith” when
the individual making the disclosure reasonably believes such information to be true and
reasonably believes that it constitutes potential wrongdoing.
“Authority Employee” – All board members, officers and staff employed at the Authority,
whether full-time, part-time, employed pursuant to contract, employees on probation, and
temporary employees.
“Whistleblower” – Any Authority Employee (as defined herein) who, in good faith, discloses
information regarding wrongdoing by another Authority employee, or concerning the business
of the Authority itself.
Page 22
“Wrongdoing” – Any alleged corruption, fraud, criminal or unethical activity, misconduct,
waste, conflict of interest, intentional reporting of false or misleading information, or abuse of
authority engaged in by an Authority Employee (as defined herein) that relates to the
Authority.
“Personnel Action” – Any action affecting compensation, appointment, promotion, transfer,
assignment, reassignment, reinstatement or evaluation of performance.
Section I:
Reporting Wrongdoing
All Authority employees who discover or have knowledge of potential wrongdoing concerning
board members, officers, or employees of the Authority; or a person having business dealings
with the Authority; or concerning the Authority itself, shall report such activity in accordance
with the following procedures:
a) The Authority employee shall disclose any information concerning wrongdoing either
orally or in writing to the Chief Executive Officer or Counsel of the Authority.
b) All Authority employees who discover or have knowledge of wrongdoing shall report
such wrongdoing in a prompt and timely manner.
c) The identity of the Whistleblower and the substance of his or her allegations will be
kept confidential to the best extent possible.
d) The individual to whom the potential wrongdoing is reported shall investigate and
handle the claim in a timely and reasonable manner, which may include referring such
information to the Authorities Budget Office or an appropriate law enforcement agency,
where applicable.
e) Should an Authority employee believe in good faith that disclosing information within
the Authority pursuant to Section 1(a) above would likely subject him or her to adverse
personnel action or be wholly ineffective, the Authority employee may instead disclose
the information to the Authorities Budget Office or an appropriate law enforcement
agency, if applicable. The Authorities Budget Office’s toll free number (1-800-560-1770)
should be used in such circumstances.
Section II: No Retaliation or Interference
No Authority employee shall retaliate against any Whistleblower for the disclosure of potential
wrongdoing, whether through threat, coercion, or abuse of authority; and no Authority
employee shall interfere with the right of any other Authority employee by any improper
means aimed at deterring disclosure of potential wrongdoing. Any attempts at retaliation or
interference are strictly prohibited, and
a) No Authority employee who, in good faith, discloses potential violations of the
Authority’s Code of Ethics or other instances of potential wrongdoing, shall suffer
harassment, retaliation or adverse personnel action.
Page 23
b) All allegations of retaliation against a Whistleblower or interference with an individual
seeking to disclose potential wrongdoing will be thoroughly investigated by the
Authority.
c) Any Authority employee who retaliates against or had attempted to interfere with any
individual for having in good faith disclosed potential violations of the Authority’s Code
of Ethics or other instances of potential wrongdoing is subject to discipline, which may
include termination of employment.
d) Any allegation of retaliation or interference will be taken and treated seriously and
irrespective of the outcome of the initial complaint, will be treated as a separate matter.
Section III: Other Legal Rights Not Impaired
The Whistleblower Policy and Procedures set forth herein are not intended to limit, diminish
or impair any other rights or remedies that an individual may have under the law with respect
to disclosing potential wrongdoing free from retaliation or adverse personnel action.
a) Specifically, these Whistleblower Policy and Procedures are not intended to limit any
rights or remedies that an individual may have under the laws of the State of New York,
including but not limited to the following provisions: Civil Service Law § 75-b, Labor
Law § 740, State Finance Law § 191 (commonly known as the “False Claims Act”) and
Executive Law § 55(1).
b) With respect to any rights or remedies that an individual may have pursuant to Civil
Service Law § 75-B or Labor Law § 740, any employee who wishes to preserve such
rights shall prior to disclosing information to a government body, have made a good
faith effort to provide the appointing authority or his or her designee the information
to be disclosed and shall provide the appointing authority or designee a reasonable time
to take appropriate action unless there is imminent and serious danger to public health
or safety. (Ref: Civil Service Law § 75-b[2][b]; Labor Law § 740[3])
Move:
Second:
VOTE
Blevins
Burke
Hall
LaBaff
McMahon
Staples
Weekes
AYE
NAY
ABSTAIN
ABSENT
I HEREBY CERTIFY that I have compared this copy of
this Resolution with the original record in this office, and
that the same is a correct transcript thereof and of the
whole of said original record.
/s/
Lori Sibley
March 25, 2016
Page 24
ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
Res. No. IDA-16-03-xx
ST. LAWRENCE COUNTY IDA LOCAL DEVELOPMENT CORPORATION
Res. No. LDC-16-03-xx
ST. LAWRENCE COUNTY IDA CIVIC DEVELOPMENT CORPORATION
Res. No. CDC-16-03-xx
Governance Committee Review: March 9, 2016
March 25, 2016
WHEREAS, the St. Lawrence County Industrial Development Agency has caused to
be conducted a review of its Defense and Indemnification Policy, and
THEREFORE, BE IT RESOLVED, that the St. Lawrence County Industrial
Development authorizes the following policy:
Policy of
St. Lawrence County Industrial Development Agency
Defense and Indemnification
The St. Lawrence County Industrial Development Agency (the “Authority”) shall indemnify all
members of the Board of the Authority and each officer and employee thereof, in the
performance and scope of their duties, and to the extent authorized by the Board, each other
person authorized to act for the Authority or on its behalf, to the full extent to which
indemnification is permitted under the General Municipal Law of the state of New York.
Any and all previously-approved Defense and Indemnification policies of the Authority are
hereby rescinded.
Move:
Second:
VOTE
Blevins
Burke
Hall
LaBaff
McMahon
Staples
Weekes
AYE
NAY
ABSTAIN
ABSENT
I HEREBY CERTIFY that I have compared this copy of
this Resolution with the original record in this office, and
that the same is a correct transcript thereof and of the
whole of said original record.
/s/
Lori Sibley
March 25, 2016
Page 25
ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
Res. No. IDA-16-03-xx
Governance Committee Review: March 9, 2016
March 25, 2016
WHEREAS, the members of the Board and employees of the St. Lawrence County
Industrial Development Agency (the “Authority”) are bound by the provisions of, among others,
Public Authorities Law and Public Officers Law, and
WHEREAS, the Authority has caused to be conducted a review of its Code of Ethics,
and
WHEREAS, after review, the Code has been updated, and
THEREFORE, BE IT RESOLVED, that the St. Lawrence County Industrial
Development authorizes the following policy:
Policy of
[St. Lawrence County Industrial Development Agency]
Code of Ethics
This Code of Ethics shall apply to all directors, officers and employees of the [St. Lawrence
County Industrial Development Agency (hereinafter the “Authority”)]. These policies shall
serve as a guide for official conduct and are intended to enhance the ethical and professional
performance of the Authority directors, officers and employees, and to preserve public
confidence in the Authority’s mission.
1. No director, officer, or employee of the Authority shall accept other employment
which will impair his or her independence of judgment in the exercise of his/her official
duties.
2. No director, officer, or employee of the Authority shall accept employment or engage
in any business or professional activity which will require him/her to disclose
confidential information which he/she has gained by reason of his/her official position
of authority.
3. No director, officer, or employee of the Authority shall disclose confidential
information acquired by him/her in the course of his/her official duties nor use such
information to further his/her personal interests.
4. No director, officer, or employee of the Authority shall use or attempt to use his/her
official position to secure unwarranted privileges or exemptions for himself/herself or
others.
5. No director, officer, or employee of the Authority shall engage in any transaction as a
representative or agent of Authority with any business entity in which he/she has a
direct or indirect financial interest that might reasonably tend to conflict with proper
discharge of his/her official duties.
Page 26
6. A director, officer, or employee of the Authority shall not by his/her conduct give
reasonable basis for the impression that any person can improperly influence him/her
or unduly enjoy his/her favor in the performance of his/her official duties, or that
he/she is affected by the kinship, rank, position or influence of any party or person.
7. Directors and employees shall not accept or receive any gift or gratuities where the
circumstances would permit the inference that: (a) the gift is intended to influence the
individual in the performance of official business or (b) the gift constitutes a tip, reward,
or sign of appreciation for any official act by the individual. This prohibition extends
to any form of financial payments, services, loans, travel reimbursement,
entertainment, hospitality, thing or promise form any entity doing business with or
before the Authority.
8. A director, officer, or employee of the Authority should abstain from making personal
investments in enterprises which he/she has reason to believe may be directly involved
in decisions to be made by him/her or which will otherwise create substantial conflict
between his/her duty in the public interest and his/her private interest.
9. A director, officer, or employee of the Authority shall endeavor to pursue a course of
conduct which will not raise suspicion among the public that he/she is likely to be
engaged in acts that are in violation of his/her trust.
10. Directors and employees shall not use Authority property, including equipment,
telephones, vehicles, computers or other resources, or disclose information acquired in
the course of their official duties in a manner inconsistent with State or local law or
policy and the Authority’s mission and goals.
11. Directors and employees are prohibited from appearing or practicing before the
Authority for two (2) years following employment with the Authority, consistent with
the provisions of Public Officers Law.
Any and all previously-approved Code of Ethics of the St. Lawrence County Industrial
Development Agency are hereby rescinded.
Move:
Second:
VOTE
Blevins
Burke
Hall
LaBaff
McMahon
Staples
Weekes
AYE
NAY
ABSTAIN
ABSENT
I HEREBY CERTIFY that I have compared this copy of
this Resolution with the original record in this office, and
that the same is a correct transcript thereof and of the
whole of said original record.
/s/
Lori Sibley
March 25, 2016
Page 27
ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
Resolution No. IDA-16-03-xx
March 25, 2016
ACCEPTING FY2015 SLCIDA AUDIT
WHEREAS, on October 22, 2015 the St. Lawrence County Industrial Development
Agency appointed Pinto, Mucenski, Hooper, VanHouse & Co. as its independent audit firm for
the fiscal years 2015 through 2018, and
WHEREAS, the firm has prepared and provided the following report (attached):
St. Lawrence County Industrial Development Agency
Financial Statements and Supplementary Information
For the Years Ended December 31, 2015 and 2014
NOW, THEREFORE, BE IT RESOLVED that the St. Lawrence County Industrial
Development Agency accepts said report and directs its staff to remit payment to Pinto, Mucenski,
Hooper, VanHouse & Co. in accordance with the terms set forth in St. Lawrence County
Industrial Development Agency Resolution No. 15-10-29, and
BE IT FURTHER RESOLVED that the SLCIDA shall cause this report to be forwarded
to:





Move:
Second:
VOTE
Blevins
Burke
Hall
LaBaff
McMahon
Staples
Weekes
St. Lawrence County Treasurer
St. Lawrence County Legislative Chairman
New York State Department of Economic Development
New York State Office of the Comptroller, Bureau of Municipal Research and Statistics
New York State Authorities Budget Office
AYE
NAY
ABSTAIN
ABSENT
I HEREBY CERTIFY that I have compared this copy of
this Resolution with the original record in this office, and
that the same is a correct transcript thereof and of the
whole of said original record.
/s/
Lori Sibley
March 25, 2016
Page 28
St. Lawrence County Industrial Development Agency
Mission Statement
(Reviewed and Reaffirmed in Public Session on March 26, 2015)
The mission of the St. Lawrence County Industrial Development Agency is to promote,
encourage, attract and develop job opportunities and economically sound commerce and
industry in St. Lawrence County. To accomplish its mission, the IDA constructs and owns
industrial sites and buildings, administers loan packaging and industrial revenue bond
financing and provides a variety of tax-reduction incentives.
Performance Goals

To create new employment opportunities for St. Lawrence County citizens through the
attraction of or the creation of new businesses

To create new employment opportunities for St. Lawrence County citizens through the
expansion of existing businesses

To retain existing employment opportunities

To leverage the greatest level of private investment in St. Lawrence County businesses

To educate County businesses, elected officials and community representatives regarding
available economic development resources

Act as a liaison with businesses and government to help coordinate economic development
services and reduce bureaucracy

Work cooperatively with area economic development agencies to market County assets and
economic development resources to potential new or expanding businesses

Ensure a transparent and accountable operation with responsibly-managed Agency assets
2015 Performance Review (January 2015 – December 2015)
In 2015, the St. Lawrence County Industrial Development Agency (“SLCIDA”) and its affiliated
agencies and development partners (the SLCIDA Local Development Corporation, the SLCIDA
Civic Development Corporation, the St. Lawrence River Valley Redevelopment Agency, the Greater
Massena Economic Development Fund and the St. Lawrence County Local Development
Corporation) provided assistance to a number of employers, communities and stakeholders
throughout St. Lawrence County.

As part of the SLCIDA’s ongoing business outreach efforts, staff made nearly 1,900 contacts
with approximately 500 existing and prospective firms and organizations in 2015. This includes
site visits to business customer locations as part of our annual reporting process to New York
State, as well as our regular outreach activities with local employers and site visits to
prospective firms.
Page 29

The SLCIDA approved assistance to Cives Steel Company, Northern Division for the purchase
of a Combilift product carrier and for the acquisition of a state-of-the-art robotic plasma cutting
system. The Company’s investment in its Gouverneur facility will help make the company more
competitive in the steel fabricating industry and help secure the 130 full time jobs at the plant.

The SLCIDA, along with the City of Ogdensburg and OBPA met with representatives of the
Ogdensburg-based Ansen Corporation shortly after Ansen’s announcement of its intention to
purchase property in Syracuse. As a result of these discussions, Ansen decided to move forward
with an expansion the company had been considering in Ogdensburg. To assist in the
expansion, the SLCIDA-LDC authorized a resolution to loan up to $450,000 to Ansen
Corporation, consisting of $300,000 in RVRDA funds and $150,000 from the Ogdensburg
Growth Fund, for the purchase of the former Coorstek building in the Ogdensburg Commerce
Park, to be converted into a manufacturing center for Ansen’s larger scale projects, creating
30 new jobs.

DeFelsko Corporation applied to SLCIDA for financial assistance in the form of Sales and Use
Tax Exemptions and a PILOT relative to the company’s expansion project in Ogdensburg in
2014. The PILOT documents were executed in March of 2015. The project is expected to create
at least 15 new jobs over the next three (3) years. Additionally, in 2015 the company decided
to renovate and modernize their original facility (adjacent to the 2014 expansion project).

Termination and transfer documents from Kinney Drugs’ 2004 expansion project were executed
and filed in 2015. Originally 100% tax-exempt property, the property is now wholly-taxable,
and has added approximately $550,000 to the tax base, which will result in revenues of
approximately $19,000 per year to the taxing jurisdictions.

Corning, Inc.’s expansion at the Canton plant continued into 2015. The project will not only
create 40 new jobs over the next three years, but Corning’s investment will strengthen its
Canton plant operation and provide additional stability and security for the local plant. 2016
will mark Corning’s 50th year in St. Lawrence County.

Discussions continue regarding financing options for the proposed restart of the St. Lawrence
Zinc mines. In coordination with the St. Lawrence County One Stop Career Center, we will
work with the New York State Department of Labor to coordinate a training package for the
approximately 100-150 jobs that are expected to be created as a result of this project.

Curran Renewable Energy was provided an exemption of up to $24,000 on sales tax for
materials being utilized for the company’s yard improvement and furnace replacement project.
The company has added two jobs as a result of the project, and currently employs over 30
people in addition to another 100 jobs at Seaway Timber’s harvesting and trucking operations.
The SLCIDA worked closely with the company as it sought funding through the Regional
Economic Development Council process for a number of proposed expansion initiatives.
Ultimately, the company was awarded a $2,000,000 capital grand and $1,500,000 in Excelsior
Job Program tax credits. The SLCIDA is now working with the company to assist in putting
together the approximately $15,000,000 in funding needed to initiate the projects.

LC Drives, an electrical machine technology firm, is leasing space in the SLCIDA’s Potsdam
Commerce Park building. The company also applied for assistance through the Regional
Council process and was awarded a $300,000 capital grant toward the purchase of new
equipment to make next generation electrical motors. National Coffee Corporation, a coffeeroasting operation and Clarkson University are also leasing space in the Potsdam building and
Page 30
the SLCIDA continues to provide space within the building to enable St. Lawrence County to
store pallets of emergency food rations.

JProulx, Inc. (Save A Lot, Canton) received $150,000 in loan funds from the North Country
Alliance Local Development Corporation as a result of a loan package sponsored by the
SLCIDA. The project will utilize a vacant space in the University Plaza shopping center and
will create over 20 jobs

The SLCIDA assisted the St. Lawrence County Arts Council in the organization’s application
for funds from the New York State Council on the Arts through the CFA process. The Arts
Council received an $18,500 Award that it will use to hire a part time development director
for the next two years.
The SLCIDA terminated a lease and PILOT agreement with St. Lawrence Lumber as the
project was deemed no longer operational and qualifying for IDA assistance. The property,
located in Fowler, is now fully on the tax roll.


The SLCIDA is prepared final bid documents and began undertaking the financial planning
process for the Newton Falls Rail rehabilitation project. Additionally, the SLCIDA has
contracted with DANC to provide project management services for Phase 2 of the rail
rehabilitation, as the Authority has the technical and engineering expertise to assist in
managing the project, and is unique in that its service territory is the same territory which the
rail line traverses.

The SLCIDA was awarded $234,000 in grant funds from the Northern Border Regional
Commission to install 5 rail crossings on the Newton Falls Rail line. The funds will enable the
SLCIDA to use more of the rail rehabilitation funds it was previously awarded to replace ties
on the rail line.

The SLCIDA also authorized a technical services agreement with DANC for engineering and
redevelopment planning assistance for the J&L facility, while continuing to work with County
and Regional Officials regarding the redevelopment of the J&L properties.

The SLCIDA, noting that improved transportation corridors provide for more efficient
movement of travelers and goods, and in doing so relieve traffic congestion and improve public
safety, conveyed its ongoing support of upgrades to the existing Route 11 and construction of a
well-planned, Canton Potsdam bypass route.

While at this point an expansion project has not been planned, the SLCIDA has facilitated
discussions between the Town of Gouverneur and St. Lawrence Gas Company to try to assist
in the extension of natural gas service along Route 11 on the south side of Gouverneur.

The SLCIDA completed the road and infrastructure expansion project within the Canton
Industrial Park. Transfer of ownership of the newly completed portion of Commerce Lane to
the Village of Canton was executed in October.

To support the study of economic development opportunities in St. Lawrence County, the
SLCIDA provided assistance to both the McKinsey Group (NYPA initiative) and SKEO
Solutions (North Country Redevelopment Task Force RACER site BOA initiative). The SLCIDA
participates as a steering or advisory committee member for both initiatives and has
coordinated stakeholder outreach efforts throughout the County to assist in the gathering of
perspectives on the current economic situation of the County and areas for potential growth.
Page 31

SLCIDA staff continue to actively participate in the Regional Economic Development Council
(REDC) and Upstate Revitalization Initiative processes, as evidenced by membership on the
Priority Project Implementation Committee, the Workforce Committee, and the Advanced
Manufacturing & Leadership Group.

In April, the SLCIDA hosted the NYS Department of Labor’s Paul Nelson at a meeting with key
business leaders in St. Lawrence County. Mr. Nelson provided an overview of Governor
Cuomo’s Unemployment Strikeforce Initiative to over 30 attendees.

The SLCIDA hosted a seminar in June to discuss the Upstate Revitalization Initiative and
Consolidated Funding Application processes with a dozen area businesses and economic
developers. Of the $6.9 million in cash-based grant awards announced for private companies
as part the CFA process in the seven county North Country region, over half went to St.
Lawrence County-based applicants.

The SLCIDA’s marketing and business development efforts throughout 2015 included:
o Outreach of select Canadian businesses in Ontario and Quebec to generate interest and
possible expansion into St. Lawrence County through trade shows, events, and advertising.
o Outreach of select businesses in Massachusetts, Connecticut, New Jersey and Pennsylvania
in conjunction with trade shows to generate interest and possible expansion into St.
Lawrence County including over 3,725 direct mail pieces. Coordination with local colleges
to outreach alumni via email communication in those geographic areas to encourage them
to visit our booth at trade shows and consider a business location in St. Lawrence County.
o Direct mailing to 18 Canadian Circuit Board Companies following the EpTech Montreal
event, highlighting advantages for business expansion in St. Lawrence County.
o Promotion of low-cost power available through the NYPA Preservation Power and St.
Lawrence County Economic Development Power programs through a series of mailings,
advertisements, trade show displays, site visits and other outreach activities.
Approximately 7,730 power marketing brochures were mailed to companies in the Quebec
& Ontario provinces prior to exhibiting at the PackEx show in Toronto.
o Facilitation of three (3) Countywide Economic Developers’ meetings to ensure
coordination of marketing efforts, strategic objectives and general operating activities of
the local, county and regional developers. Participants of these meetings include:








Adirondack Economic
Development Corporation
Canton Economic Development
Office
CITEC
Clarkson University
Development Authority of the
North Country
Empire State Development
Corporation
Gouverneur Area Development
Corporation
Massena Business Development
Corporation
Page 32









Ogdensburg Bridge and Port Authority
Ogdensburg Development and Planning
Office
Potsdam Office of Planning and
Development
Small Business Development Center
St. Lawrence County Chamber of
Commerce
St. Lawrence County Planning Office
St. Lawrence University
SUNY Canton
SUNY Potsdam
o Maintained memberships in Canadian trade organizations to facilitate access to events and
to maintain key contacts with Canadian companies and business multiplier organizations.
o Advertising and media promotion pieces, including placements in North Country This Week,
Watertown Daily Times, St. Lawrence County Newspapers, the St. Lawrence Film Festival
program guide and Fourth Coast Entertainment.
o Continued to research and develop, in partnership with SUNY Potsdam, a music industry
development strategy to seek businesses and entrepreneurs that may have an interest in
developing a business in St. Lawrence County to build on the resources of the Crane School
of Music.
o Participated in digital marketing through the Canadian Packaging Industry Association
and the NNY Newspapers Desktop, Mobile and Premier News Network Advertising
campaigns. Both advertising outlets are geared toward primarily attracting business from
Canada. These outlets provide internet-based messaging about the County to audiences in
Canada as well as local and formerly-local viewers visiting local and regional websites.
o The SLCIDA was awarded a $50,000 grant through National Grid’s Strategic Economic
Development Outreach program to enhance our Canadian marketing efforts from June
2014 through March 2016.
o Sponsorship, coordination and/or attendance at trade shows/marketing events in New York,
New England and Canada:









Economic Fusion
(SUNY Potsdam)
Select USA
(Washington, DC and Toronto
Canada)
EpTech
(Montreal and Ottawa)
PackEx
(Toronto)
CANECT
(Mississauga)
PackEx (Toronto)
Matchmaker Event (SBDC)
Ottawa Business Summit
Secure Tech (Ottawa)







The Really Big Show
(Potsdam)
EASTEC
(W. Springfield, MA)
Women’s Business Bootcamp
(SUNY Canton)
Atlantic Design & Manufacturing
(New York)
North Country Symposium
(St. Lawrence University)
CANSEC
(Ottawa)
Canadian Manufacturing Technology
Show (Mississauga)
o Co-sponsored, along with the OBPA and the U.S. Commercial Services, an Expand to the
U.S. Workshop Event in Ogdensburg where approximately 40 Canadian companies
attended a day-long session to learn how to establish a business in the U.S.
o Since 2007, SLCIDA has partnered with the Fort Drum Regional Liaison Organization,
DANC, Jefferson County LDC and Lewis County Economic Development to undertake a
regional marketing initiative entitled Drum Country Business. Drum Country Business
engaged Gruber Phillips International in March 2015 to make direct calls to businesses
within target industries of the region. The targeted industries are back office, renewable
Page 33
energy, food processors, general manufacturers and energy-intensive users. As a result of
this initiative:





700 companies have been approached
4,991 calls have been attempted
264 decision makers have been reached
approximately 30 prospecting calls have been held with the companies
information has been provided with a number of companies and the Drum
Country Business group will continue to follow-up with the prospects

As part of our Public Authority Law compliance program, we conduct annual reviews of our
policies regarding Property Disposition, and Investment of Funds, and Procurement.
Additionally, the Governance Committee reviewed the Code of Ethics, Whistleblower, Defense
& Indemnification, and Compensation, Reimbursement & Attendance policies. A Conflicts of
Interest policy for board members and employees was formalized in 2015, as part of its goal of
integrity and transparency of its operations. Revisions to the Travel and Miscellaneous Expense
Reimbursement Policy were made to afford clarification on such issues as tips, fees, alcohol
purchases and tax exempt forms. Additionally, Amendments to the SLCIDA Bylaws were
approved, most relative to Independence, Training, Quorum, Manner of Voting, conflict of
Interest and Abstention, Performance documents for 2014 were also reviewed.

The IDA completed three orientation sessions with new County Legislators which included site
visits to ACCO, Riverside Iron, and Curran Renewable Energy.

Board members approved the 2014 Independent Audit reports in March of 2015. The reports
showed no findings. Legislators have been provided the reports electronically. In addition, the
reports are available on our website at www.SLCIDA.com.
Page 34
St. Lawrence County Industrial Development Agency
Additional Questions
1.
Have the board members acknowledged that they have read and understood the mission
of the public authority?
ANS: Yes – the Board members reviewed and approved (by formal resolution) the mission
statement and performance measures of the board.
2.
Who has the power to appoint the management of the public authority?
ANS: Management is appointed by the board members of the authority.
3.
If the Board appoints management, do you have a policy you follow when appointing the
management of the public authority?
ANS: The board of the St. Lawrence County Industrial Development Agency appoints its Chief
Executive Officer and Chief Financial Officer. The Chief Executive Officer appoints
management and staff.
4.
Briefly describe the role of the Board and the role of management in the implementation
of the mission.
ANS: The Board, with assistance of management, works to develop the authority’s mission, and
evaluate the authority’s goals and performance.
Management ensures that the Board’s mission and goals are carried out in a manner which
achieves the intended public purpose - a process involving program evaluation, reporting,
feedback and recommendation.
5.
Has the Board acknowledged that they have read and understood the responses to each of
these questions?
ANS: The Board acknowledges its understanding of this document by formally approving the
document in public session.
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Page 100
ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
LOCAL DEVELOPMENT CORPORATION
Res. No. LDC-16-03-xx
Governance Committee Review: March 9, 2016
March 25, 2016
WHEREAS, the members of the Board and employees of the St. Lawrence County
Industrial Development Agency (the “Authority”) are bound by the provisions of, among others,
Public Authorities Law and Public Officers Law, and
and
WHEREAS, the Authority has caused to be conducted a review of its Code of Ethics,
WHEREAS, after review, the Code has been updated, and
THEREFORE, BE IT RESOLVED, that the St. Lawrence County Industrial
Development authorizes the following policy:
Policy of
[St. Lawrence County Industrial Development Agency Local Development Corporation]
Code of Ethics
This Code of Ethics shall apply to all directors, officers and employees of the [St. Lawrence
County Industrial Development Agency (hereinafter the “Authority”)]. These policies shall
serve as a guide for official conduct and are intended to enhance the ethical and professional
performance of the Authority directors, officers and employees, and to preserve public
confidence in the Authority’s mission.
1. No director, officer, or employee of the Authority shall accept other employment
which will impair his or her independence of judgment in the exercise of his/her official
duties.
2. No director, officer, or employee of the Authority shall accept employment or engage
in any business or professional activity which will require him/her to disclose
confidential information which he/she has gained by reason of his/her official position
of authority.
3. No director, officer, or employee of the Authority shall disclose confidential
information acquired by him/her in the course of his/her official duties nor use such
information to further his/her personal interests.
4. No director, officer, or employee of the Authority shall use or attempt to use his/her
official position to secure unwarranted privileges or exemptions for himself/herself or
others.
5. No director, officer, or employee of the Authority shall engage in any transaction as a
representative or agent of Authority with any business entity in which he/she has a
Page 101
direct or indirect financial interest that might reasonably tend to conflict with proper
discharge of his/her official duties.
6. A director, officer, or employee of the Authority shall not by his/her conduct give
reasonable basis for the impression that any person can improperly influence him/her
or unduly enjoy his/her favor in the performance of his/her official duties, or that
he/she is affected by the kinship, rank, position or influence of any party or person.
7. Directors and employees shall not accept or receive any gift or gratuities where the
circumstances would permit the inference that: (a) the gift is intended to influence the
individual in the performance of official business or (b) the gift constitutes a tip, reward,
or sign of appreciation for any official act by the individual. This prohibition extends
to any form of financial payments, services, loans, travel reimbursement,
entertainment, hospitality, thing or promise form any entity doing business with or
before the Authority.
8. A director, officer, or employee of the Authority should abstain from making personal
investments in enterprises which he/she has reason to believe may be directly involved
in decisions to be made by him/her or which will otherwise create substantial conflict
between his/her duty in the public interest and his/her private interest.
9. A director, officer, or employee of the Authority shall endeavor to pursue a course of
conduct which will not raise suspicion among the public that he/she is likely to be
engaged in acts that are in violation of his/her trust.
10. Directors and employees shall not use Authority property, including equipment,
telephones, vehicles, computers or other resources, or disclose information acquired in
the course of their official duties in a manner inconsistent with State or local law or
policy and the Authority’s mission and goals.
11. Directors and employees are prohibited from appearing or practicing before the
Authority for two (2) years following employment with the Authority, consistent with
the provisions of Public Officers Law.
Any and all previously-approved Code of Ethics of the St. Lawrence County Industrial
Development Agency are hereby rescinded.
Move:
Second:
VOTE
Blevins
Burke
Hall
LaBaff
McMahon
Staples
Weekes
AYE
NAY
ABSTAIN
ABSENT
I HEREBY CERTIFY that I have compared this copy of
this Resolution with the original record in this office, and
that the same is a correct transcript thereof and of the
whole of said original record.
/s/
Lori Sibley
March 25, 2016
Page 102
ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
LOCAL DEVELOPMENT CORPORATION
Resolution No. LDC-16-03-xx
March 25, 2016
ACCEPTING FY2015 SLCIDA-LDC AUDIT
WHEREAS, on October 22, 2015 the St. Lawrence County Industrial Development
Agency Local Development Corporation (the “SLCIDA-LDC”) appointed Pinto, Mucenski,
Hooper, VanHouse & Co. as its independent audit firm for the fiscal years 2015 through 2018,
and
WHEREAS, the firm has prepared and provided the following report (attached):
St. Lawrence County Industrial Development Agency Local Development Corporation
(CONSOLIDATED)
Consolidated Financial Statements
For the Years Ended December 31, 2015 and 2014
, and
WHEREAS, said audit contains the financial statements of the St. Lawrence River Valley
Redevelopment Agency and the Greater Massena Economic Development Fund,
NOW, THEREFORE, BE IT RESOLVED that the St. Lawrence County Industrial
Development Agency Local Development Corporation accepts said report and authorizes that
payment be made to Pinto, Mucenski, Hooper, VanHouse & Co. in accordance with the terms
set forth in St. Lawrence County Industrial Development Agency Local Development
Corporation Resolution No. 10-21-15, and
BE IT FURTHER RESOLVED that the SLCIDA-LDC shall cause this report to be
forwarded to:
 St. Lawrence County Treasurer
 St. Lawrence County Legislative Chairman
 New York State Department of Economic Development
 New York State Office of the Comptroller, Bureau of Municipal Research and Statistics
 New York State Authorities Budget Office
Move:
Second:
VOTE
Blevins
Hall
LaBaff
McMahon
Staples
Burke
Weekes
AYE
NAY
ABSTAIN
ABSENT
I HEREBY CERTIFY that I have compared this copy of
this Resolution with the original record in this office, and
that the same is a correct transcript thereof and of the
whole of said original record.
/s/
Lori Sibley
March 25,, 2016
Page 103
St. Lawrence County Industrial Development Agency
Local Development Corporation
Mission Statement
Reviewed and Reaffirmed in Public Session on March 26, 2015
The mission of the St. Lawrence County IDA Local Development Corporation is to stimulate the growth of
private sector employment in St. Lawrence County by providing financial assistance to new and expanding
industries, and to certain retail/market-driven facilities.
The purpose of the Corporation shall be to relieve and reduce unemployment; promote and provide for
additional and maximum employment; better and maintain job opportunities; instruct or train individuals
to improve or develop their capabilities for jobs; carry on scientific research for the purpose of aiding the
community of St. Lawrence County, New York by attracting industry to the community and by encouraging
the development of, or retention of, an industry in the community; lessen the burdens of government and act
in the public interest and administer the St. Lawrence County Revolving Loan Fund.
Performance Goals

To create new employment opportunities for St. Lawrence County citizens through the attraction of
or the creation of new businesses

To create new employment opportunities for St. Lawrence County citizens through the expansion of
existing businesses

To retain existing employment opportunities

To invest in local companies through responsible lending assistance

To leverage the greatest level of private investment in St. Lawrence County businesses

To educate County businesses, elected officials and community representatives regarding available
economic development resources

Act as liaison between businesses and government to help coordinate economic development
services and reduce bureaucracy

Work cooperatively with area economic development agencies to market County assets and
economic development resources to potential new or expanding businesses

Ensure a transparent and accountable operation with responsibly-managed Corporation assets

Responsibly administer the assets of the St. Lawrence County IDA Local Development Corporation
Revolving Loan Fund, the Greater Massena Economic Development Fund and the St. Lawrence
River Valley Redevelopment Agency
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2015 Performance Review (January 2015 – December 2015)
In 2015, the St. Lawrence County Industrial Development Agency Local Development Corporation
(“SLCIDA-LDC) and its affiliated agencies (the St. Lawrence River Valley Redevelopment Agency
(the “RVRDA”) and the Greater Massena Economic Development Funds (the “GMEDF”)
provided assistance to a number of employers, communities and stakeholders throughout St.
Lawrence County.

As part of our Public Authority Law compliance program, we conduct annual reviews of our
policies regarding Property Disposition, and Investment of Funds, and Procurement.
Additionally, the Governance Committee reviewed the Code of Ethics, Whistleblower, Defense
& Indemnification, and Compensation, Reimbursement & Attendance policies. A Conflicts of
Interest policy for board members and employees was formalized in 2015, as part of its goal of
integrity and transparency of its operations. Revisions to the Travel and Miscellaneous Expense
Reimbursement Policy were made to afford clarification on such issues as tips, fees, alcohol
purchases and tax exempt forms. Additionally, Amendments to the SLCIDA-LDC Bylaws were
approved, most relative to Independence, Training, Quorum, Manner of Voting, conflict of
Interest and Abstention, Performance documents for 2014 were also reviewed.

2014 Independent Audit reports were approved by the SLCIDA-LDC in March of 2015.
Legislators have been provided the reports electronically. In addition, the reports are available
on our website at www.SLCIDA.com.

With a combined $300,000 in RVRDA funds and $150,000 from the Ogdensburg Growth Fund,
the SLCIDA-LDC authorized a resolution to loan up to $450,000 to Ansen Corporation to assist
with their expansion project, involving the purchase of the former Coorstek building in the
Ogdensburg Commerce Park, to be converted into a manufacturing center for Ansen’s larger
scale projects, thus creating 30 new jobs.

Hozmerica, LLC received $17,500 in financing from the SLCIDA-LDC through the St.
Lawrence River Valley Redevelopment Agency Fund (RVRDA). The project will assist
Hozmerica to strengthen its operations by upgrading its services, enhance efficiency, increase
its customer base, and ultimately create 1 full time and 1 part time job. The property is also
located in a Brownfields area and a focus redevelopment area for the City of Ogdensburg.

Hoosier Magnetics was authorized to receive $100,000 in financing from the SLCIDA-LDC
through the RVRDA Fund, to assist the company with its continued investment in the 32,000
square foot facility in Ogdensburg. The Company’s replacement of its 60-year old calciner,
along with the addition of a second dust collector, will help the Company to secure long-term
contracts for work, thereby strengthening its operation and remaining a significant presence in
St. Lawrence County.

Fockler Industries signed a three-year lease extension with the SLCIDA-LDC for the use of
9,000 square feet of space in the Lot 19 building in the Massena Industrial Park. In addition
to a small business tenant leasing the garage behind the building, Purine Pharma and Trade
Warehouse, Inc., a Canadian-based paper products company, are also leasing small portions
of space within the building.
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
Purine Pharma paid off a $250,000 loan provided by the SLCIDA-LDC and the North Country
Alliance during 2015. The company applied through the Regional Development Council
Consolidated Funding Application process for assistance for a proposed expansion in Massena
and was awarded $250,000 in NYS Excelsior Job Program tax credits.

The SLCIDA-LDC continued to contract with the St. Lawrence County Workforce
Development Board (“WDB”) to provide the services of one of its staff to serve as the
Executive Director of the WDB. Providing this service was especially critical in 2015 as the
County’s workforce development system in the transitioned from the Workforce Investment
Act of 1998 to the Workforce Innovation and Opportunity Act of 2014.

A resolution of Directors and Members adopting a plan of dissolution of the St. Lawrence
County Local Development Corporation was passed in December 2015. This will allow the
Microenterprise Fund assets and liabilities to be absorbed into the SLCIDA-LDC, eliminating
duplication of services and resulting in more efficient loan fund operations and a more
streamlined monitoring and reporting process.

During a joint St. Lawrence River Valley Redevelopment Agency/SLCIDA-LDC meeting in
June, a total of $446,306 in funding through the River Valley Agency’s Community
Development and Environmental Improvement Program was awarded for the following
projects:
o North Country Children’s Museum was awarded $75,000 in grant funds to help design
equipment and install technology components for the Regional Arts & Interactive Learning
(RAIL) Revitalization Project.
o Norwood Village Green Concert Series was awarded $5,902 in grant funds to assist in the
completion of the new lighting system for the band shell.
o St. Lawrence Power & Equipment Museum was awarded $65,000 in grant funds to assist
in the construction of an equine pavilion on the Museum grounds in Madrid.
o St. Lawrence County Chamber of Commerce was awarded $35,100 in grant funds to be
used to purchase and install 93 NYSDOT-approved signs for the St. Lawrence County Wine
Trail.
o The Town of Louisville was awarded $38,000 in grant funds to assist with interior and
exterior work to the buildings and grounds of the Louisville Community Center.
o The Town of Massena was awarded $25,000 in grant funds to assist in the replacement of
the failing portion of the Town’s water distribution system.
o United Helpers Mosaic was awarded $102,304 in loan financing to assist with the final
phase of its Mosaic Complex Renovation project, which will provide energy improvements
in the remainder of their building, and to add a solar energy component to the project.
o The Village of Canton was awarded $25,000 in grant funds to assist in an extension of a
new water main line infrastructure connection along Route 11.
o The Village of Heuvelton was awarded $15,000 in grant funds toward the development of a
localized marketing plan to identify and recommend economic development opportunities
for the “Blueway Trail” along the Oswegatchie River.
o The Village of Waddington was awarded $60,000 in grant funds toward the Bass 2015 Elite
Tournament.
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
The River Valley Agency and SLCIDA-LDC, in cooperation with the Development Authority
of the North Country and Citec, created a vendor diversification program for St. Lawrence
County-based firms that significantly rely on business from Alcoa. The program will help them
expand their customer bases into new markets or with new product development. As of the end
of the year, three local firms (Fockler Industries, Northern Machining and Structural Wood
Corporation) had agreed to participate in the program.

The River Valley Agency and the SLCIDA-LDC also authorized the expenditure of up to
$28,000 in Community Development funds to assist in the establishment of the annual Lake St.
Lawrence Winter Chill (the “Winter Chill”), a series of winter events to be conducted for the
first time during the week of February 13-21, 2016

The SLCIDA-LDC approved the allocation of RVRDA funds to Massena Electric Department
as part of a services contract between the RVRDA and MED. MED provides an expertise to
assist the RVRDA in allocating the 20 megawatts of power made available through an
agreement with the New York Power Authority.

Board members approved the 2014 Independent Audit reports in March of 2015. The reports
showed no findings. Legislators have been provided the reports electronically. In addition, the
reports are available on our website at www.SLCIDA.com.

The SLCIDA-LDC approved its FY2016 Budget.
Page 107
St. Lawrence County Industrial Development Agency
Local Development Corporation
Additional Questions
1.
Have the board members acknowledged that they have read and understood the mission
of the public authority?
ANS: Yes – the Board members reviewed and approved (by formal resolution) the mission
statement and performance measures of the board.
2.
Who has the power to appoint the management of the public authority?
ANS: Management is appointed by the board members of the authority.
3.
If the Board appoints management, do you have a policy you follow when appointing the
management of the public authority?
ANS: The board of the St. Lawrence County Industrial Development Agency Local
Development Corporation appoints its Chief Executive Officer and Chief Financial
Officer. The Chief Executive Officer appoints management and staff.
4.
Briefly describe the role of the Board and the role of management in the implementation
of the mission.
ANS: The Board, with assistance of management, works to develop the authority’s mission, and
evaluate the authority’s goals and performance.
Management ensures that the Board’s mission and goals are carried out in a manner which
achieves the intended public purpose - a process involving program evaluation, reporting,
feedback and recommendation.
5.
Has the Board acknowledged that they have read and understood the responses to each of
these questions?
ANS: The Board acknowledges its understanding of this document by formally approving the
document in public session.
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