Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Governance Information (Authority-Related)
Question
Response
URL (if applicable)
1. Has the Authority prepared its annual report on operations and
accomplishments for the reporting period as required by section 2800 of
PAL?
Yes
http://www.slcida.com/assets/files/2011%20IDA_Mission%20and%20Performa
nce%20Review.pdf
2. As required by section 2800(9) of PAL, did the Authority prepare an
assessment of the effectiveness of its internal controls?
Yes
http://www.slcida.com/assets/files/20110707%20Internal%20Controls_IDA.pdf
3. Has the lead audit partner for the independent audit firm changed in the
last five years in accordance with section 2802(4) of PAL?
Yes
N/A
4. Does the independent auditor provide non-audit services to the
Authority?
No
N/A
5. Does the Authority have an organization chart?
Yes
http://www.slcida.com/assets/files/Organizational%20Chart.pdf
6. Are any Authority staff also employed by another government agency?
No
7. Does the Authority have Claw Back agreements?
Yes
N/A
8. Has the Authority posted their mission statement to their website?
Yes
http://www.slcida.com/about-the-slc-ida/mission-statement.html
9. Has the Authority's mission statement been revised and adopted during
the reporting period?
No
N/A
10. Attach the Authority's measurement report, as required by section 2824-a
of PAL and provide the URL?
http://www.slcida.com/assets/files/2011%20IDA_Mission%20and%20Performa
nce%20Review.pdf
Page 1 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Governance Information (Board-Related)
Question
Response
URL
1. Has the Board established a Governance Committee in accordance with Section
2824(7) of PAL?
Yes
N/A
2. Has the Board established an Audit Committee in accordance with Section 2824(4)
of PAL?
Yes
N/A
3. Has the Board established Finance Committee in accordance with Section 2824(8)
of PAL?
Yes
N/A
http://www.slcida.com/about-the-slc-ida/meeting-minutesresolutions/committee-info.html
4. Provide a URL link where a list of Board committees can be found (including the
name of the committee and the date established):
5. Does the majority of the Board meet the independence requirements of Section
2825(2) of PAL?
Yes
N/A
6. Provide a URL link to the minutes of the Board and committee meetings held
during the covered fiscal year
http://www.slcida.com/about-the-slc-ida/meeting-minutesresolutions.html
7. Has the Board adopted bylaws and made them available to Board members and staff? Yes
http://www.slcida.com/about-the-slc-ida/bylaws-policies.html
8. Has the Board adopted a code of ethics for Board members and staff?
Yes
http://www.slcida.com/about-the-slc-ida/bylaws-policies.html
9. Does the Board review and monitor the Authority's implementation of financial
and management controls?
Yes
N/A
10. Does the Board execute direct oversight of the CEO and management in accordance
with Section 2824(1) of PAL?
Yes
N/A
Salary and Compensation
Yes
N/A
Time and Attendance
Yes
N/A
Whistleblower Protection
Yes
N/A
Defense and Indemnification of Board Members
Yes
N/A
12. Has the Board adopted a policy prohibiting the extension of credit to Board
members and staff in accordance with Section 2824(5) of PAL?
Yes
N/A
13. Are the Authority's Board members, officers, and staff required to submit
financial disclosure forms in accordance with Section 2825(3) of PAL?
Yes
N/A
14. Was a performance evaluation of the board completed?
Yes
N/A
11. Has the Board adopted policies for the following in accordance with Section
2824(1) of PAL?
15. Was compensation paid by the Authority made in accordance with employee or union No
contracts?
N/A
16. Has the board adopted a conditional/additional compensation policy governing all No
employees?
17. Has the board adopted a Uniform Tax Excemption Policy(UTEP) according to Section Yes
874(4) of GML?
Page 2 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Board of Directors Listing
MCMAHON, ANDREW J
Name
Chair of the Board
No
If yes, Chairman Designated by.
STAPLES, BRIAN W
Name
Chair of the Board
Yes
If yes, Chairman Designated by.
Elected by Board
Term Start Date
09/27/2010
Term Start Date
09/12/2011
Term Expiration Date
08/31/2013
Term Expiration Date
09/30/2014
Title
Title
Has the Board member appointed
a designee?
Has the Board member appointed
a designee?
Ex-officio
Nominated
By
No
Ex-officio
Other
Nominated
No
By
Appointed By
Appointed By
Confirmed by Senate?
Confirmed by Senate?
Local
Has the Board member/designee
signed the acknowledgement of
fiduciary duty?
Yes
Has the Board member/designee
signed the acknowledgement of
fiduciary duty?
Yes
Complied with training
requirement of
Section 2824?
Yes
Complied with training
requirement of
Section 2824?
Yes
Does the Board
member/designee also hold an
elected or appointed State gove
No
Does the Board
member/designee also hold an
elected or appointed State gove
No
Does the Board
member/designee also hold an
elected or appointed municipal
government position?
Yes
Does the Board
member/designee also hold an
elected or appointed municipal
government position?
No
Page 3 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Board of Directors Listing
HALL, MARK C
Name
Chair of the Board
No
If yes, Chairman Designated by.
PECK, DONALD
Name
Chair of the Board
No
If yes, Chairman Designated by.
Term Start Date
01/01/2010
Term Start Date
09/28/2010
Term Expiration Date
01/01/2013
Term Expiration Date
Pleasure of Authority
Title
Title
Has the Board member appointed
a designee?
Has the Board member appointed
a designee?
Ex-officio
Nominated
By
No
Ex-officio
Local
Nominated
No
By
Appointed By
Appointed By
Confirmed by Senate?
Confirmed by Senate?
Local
Has the Board member/designee
signed the acknowledgement of
fiduciary duty?
Yes
Has the Board member/designee
signed the acknowledgement of
fiduciary duty?
Yes
Complied with training
requirement of
Section 2824?
Yes
Complied with training
requirement of
Section 2824?
No
Does the Board
member/designee also hold an
elected or appointed State gove
No
Does the Board
member/designee also hold an
elected or appointed State gove
No
Does the Board
member/designee also hold an
elected or appointed municipal
government position?
Yes
Does the Board
member/designee also hold an
elected or appointed municipal
government position?
Yes
Page 4 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Board of Directors Listing
WEEKES, R. JOSEPH
Name
Chair of the Board
No
If yes, Chairman Designated by.
BLEVINS, LYNN
Name
Chair of the Board
No
If yes, Chairman Designated by.
Term Start Date
07/31/2009
Term Start Date
06/01/2009
Term Expiration Date
07/31/2012
Term Expiration Date
06/01/2012
Title
Title
Has the Board member appointed
a designee?
Has the Board member appointed
a designee?
Ex-officio
Nominated
By
No
Ex-officio
Local
Nominated
No
By
Appointed By
Appointed By
Confirmed by Senate?
Confirmed by Senate?
Local
Has the Board member/designee
signed the acknowledgement of
fiduciary duty?
Yes
Has the Board member/designee
signed the acknowledgement of
fiduciary duty?
Yes
Complied with training
requirement of
Section 2824?
Yes
Complied with training
requirement of
Section 2824?
Yes
Does the Board
member/designee also hold an
elected or appointed State gove
No
Does the Board
member/designee also hold an
elected or appointed State gove
No
Does the Board
member/designee also hold an
elected or appointed municipal
government position?
No
Does the Board
member/designee also hold an
elected or appointed municipal
government position?
No
Page 5 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Board of Directors Listing
LABAFF, ERNEST
Name
Chair of the Board
No
If yes, Chairman Designated by.
Term Start Date
09/12/2011
Term Expiration Date
09/30/2014
Title
Has the Board member appointed
a designee?
Ex-officio
Nominated
No
By
Local
Appointed By
Confirmed by Senate?
Has the Board member/designee
signed the acknowledgement of
fiduciary duty?
Yes
Complied with training
requirement of
Section 2824?
Yes
Does the Board
member/designee also hold an
elected or appointed State gove
No
Does the Board
member/designee also hold an
elected or appointed municipal
government position?
No
Page 6 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Staff Listing
Name
Title
Group
Department
/
Subsidiary
Union
Name
Bargaining
Unit
Full Exempt Base
Time/
Annualized
Part
Salary
Time
Actual
salary
paid to
the
Individua
l
Over
time
paid by
Authority
Performance Extra Pay
Bonus
Other
Compensa
tion/Allo
wances/Ad
justments
Total
Compens
-ation
Individual
also paid by
another
entity to
perform the
work of the
Authority
Fountain, Chief
Raymond H Executive
Officer
Executive
FT
Yes
30,000.00
30,000
0
0
0
0
30,000
No
Gilbert,
Kimberly
A
Chief
Financial
Officer
Executive
FT
Yes
60,741.00
60,741
0
0
0
0
60,741
No
Kelly,
Deputy
Patrick J Chief
Executive
Officer
Executive
FT
Yes
87,000.00
87,000
0
0
0
0
87,000
No
Norton,
Brian K
Business
Developmen
t
Specialist
Professional
FT
Yes
54,086.00
54,086
0
0
0
0
54,086
No
Rodriguez Business
, Leigh
Developmen
t
Specialist
Professional
FT
Yes
51,840.00
51,840
0
0
0
0
51,840
No
Sibley,
Lori A
Administrative
and Clerical
FT
Yes
32,000.00
32,000
0
0
0
0
32,000
No
Sweatland Administra
, Natalie tive
A
Assistant
Administrative
and Clerical
FT
Yes
56,199.00
59,199
0
0
0
0
59,199
No
Williams, Facilities
Richard A Management
Specialist
Technical and
Engineering
FT
Yes
46,934.00
46,934
0
0
0
0
46,934
No
Secretary
Page 7 of 41
If yes, Is
the payment
made by
State or
local
government
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Benefit Information
During the fiscal year, did the Authority continue to pay for any of the above mentioned benefits for
No
Board Members
Name
Title
LABAFF,
ERNEST
BLEVINS,
LYNN
WEEKES, R.
JOSEPH
PECK,
DONALD
HALL, MARK
C
STAPLES,
BRIAN W
MCMAHON,
ANDREW J
Board of
Directors
Board of
Directors
Board of
Directors
Board of
Directors
Board of
Directors
Board of
Directors
Board of
Directors
Severance
Package
Payment
for
Unused
Leave
Club
Memberships
Use of
Corporate
Credit
Cards
Personal
Loans
Auto Transportation
Housing
Allowance
Spousal /
Dependent
Life
Insurance
Tuition
Assistance
MultiYear
Employment
None
of
These
Benefits
Other
X
X
X
X
X
X
X
Staff
Name
Title
Severance
Package
Payment
for
Unused
Leave
Club
Memberships
Use of
Corporate
Credit
Cards
Personal
Loans
Auto Transportation
Housing
Allowance
Spousal /
Dependent
Life
Insurance
Tuition
Assistance
MultiYear
Employment
None
of
These
Benefits
Other
No Data has been entered by the Authority for this section in PARIS
Page 8 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Subsidiary/Component Unit Verification
Is the list of subsidiaries, as assembled by the Office of the State Comptroller, correct?
Are there other subsidiaries or component units of the Authority that are active, not included in the PARIS reports submitted by this
Name of Subsidiary/Component Unit
Status
Yes
No
Requested Changes
Subsidiary/Component Unit Creation
Name of Subsidiary/Component Unit
Establishment
Date
Entity Purpose
Subsidiary/Component unit Termination
Name of Subsidiary/Component Unit
Termination Date
Termination Reason
Proof of Termination
No Data has been entered by the Authority for this section in PARIS
Page 9 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Summary Financial Information
SUMMARY STATEMENT OF NET ASSETS
Assets
Current Assets
Cash and cash equivalents
$3,335,495
Investments
$2,000,000
Receivables, net
$37,404
Other assets
$343,598
Total Current Assets
$5,716,497
Noncurrent Assets
Restricted cash and investments
$0
Long-term receivables, net
$81,742
Other assets
$0
Capital Assets
Land and other nondepreciable property
$163,103
Buildings and equipment
$3,692,181
Infrastructure
$0
Accumulated depreciation
$1,023,477
Net Capital Assets
$2,831,807
Total Noncurrent Assets
$2,913,549
Total Assets
$8,630,046
Page 10 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Summary Financial Information
SUMMARY STATEMENT OF NET ASSETS
Liabilities
Current Liabilities
Accounts payable
$14,048
Pension contribution payable
$0
Other post-employment benefits
$0
Accrued liabilities
$0
Deferred revenues
$0
Bonds and notes payable
$0
Other long-term obligations due within one year
$90,942
Total Current Liabilities
$104,990
Noncurrent Liabilities
Pension contribution payable
$0
Other post-employment benefits
$143,317
Bonds and notes payable
$0
Long Term Leases
$0
Other long-term obligations
$691,843
Total Noncurrent Liabilities
$835,160
Total Liabilities
$940,150
Net Asset (Deficit)
Net Asset
Invested in capital assets, net of related debt
$2,234,734
Restricted
$2,000,000
Unrestricted
$3,455,162
Total Net Assets
$7,689,896
Page 11 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Summary Financial Information
SUMMARY STATEMENT OF REVENUE, EXPENSES AND CHANGES IN NET ASSETS
Operating Revenues
Charges for services
$0
Rental & financing income
$203,852
Other operating revenues
$876,613
Total Operating Revenue
$1,080,465
Operating Expenses
Salaries and wages
$394,612
Other employee benefits
$204,124
Professional services contracts
$21,520
Supplies and materials
$8,682
Depreciation & amortization
$12,201
Other operating expenses
$292,108
Total Operating Expenses
$933,247
Operating Income (Loss)
$147,218
Nonoperating Revenues
Investment earnings
$0
State subsidies/grants
$0
Federal subsidies/grants
$0
Municipal subsidies/grants
$0
Public authority subsidies
$0
Other nonoperating revenues
$0
Total Nonoperating Revenue
$0
Page 12 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Summary Financial Information
SUMMARY STATEMENT OF REVENUE, EXPENSES AND CHANGES IN NET ASSETS
Nonoperating Expenses
Interest and other financing charges
$0
Subsidies to other public authorities
$0
Grants and donations
$0
Other nonoperating expenses
$147,105
Total Nonoperating Expenses
$147,105
Income (Loss) Before Contributions
$113
Capital Contributions
$0
Change in net assets
$113
Net assets (deficit) beginning of year
$7,689,783
Other net assets changes
$0
Net assets (deficit) at end of year
$7,689,896
Page 13 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Current Debt
Question
Response
1. Did the Authority have any outstanding debt, including conduit debt, at any point during the reporting period?
Yes
2. If yes, has the Authority issued any debt during the reporting period?
No
New Debt Issuances List by Type of Debt and Program
No Data has been entered by the Authority for this section in PARIS
Page 14 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Schedule of Authority Debt
Type of Debt
Statutory
Authorization
($)
Outstanding Start
of Fiscal Year
($)
New Debt
Issuances
($)
Debt Retired
($)
Outstanding
End of
Fiscal Year ($)
State Obligation
State Guaranteed
State Supported
State Contingent Obligation
State Moral Obligation
Other State Funded
Authority Obligation
General Obligation
Revenue
Other Non-State Funded
0.00
657,254.00
0.00
60,181.00
597,073.00
0.00
131,325,987.00
0.00
22,195,000.00
109,130,987.00
Conduit
Conduit Debt
Conduit Debt - Pilot Increment Financing
Page 15 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Real Property Acquisition/Disposal List
No Data has been entered by the Authority for this section in PARIS
This Authority has indicated that it had no real property acquisitions or disposals during the reporting period.
Page 16 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Personal Property
This Authority has indicated that it had no personal property disposals during the reporting period.
No Data has been entered by the Authority for this section in PARIS
Page 17 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Property Documents
Question
1. In accordance with Section 2896(3) of PAL, the Authority is required to prepare a
report at least annually of all real property of the Authority. Has this report been
prepared?
2. Has the Authority prepared policies, procedures, or guidelines regarding the use,
awarding, monitoring, and reporting of contracts for the acquisition and disposal of
property?
3. In accordance with Section 2896(1) of PAL, has the Authority named a contracting
officer who shall be responsible for the Authority's compliance with and enforcement
of such guidelines?
Response
Yes
URL (if applicable)
http://www.slcida.com/assets/files/IDA2012/12-0104_Real%20Property%20Review%20and%202011%20Report.p
Yes
http://www.slcida.com/assets/files/IDA2012/12-0104_Real%20Property%20Review%20and%202011%20Report.p
Yes
Page 18 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 4001-08-00002
Project Type: Straight Lease
Project Name: Butternut Assets LLC
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Manufacturing
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$396,000.00
$396,000.00
Run Date: 03/26/2012
Status: CERTIFIED
1.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
12/01/2008
$4,559
$0
$8,137.00
$4,882.00
PILOT Payment Information
$0
No
08/07/2008
Yes
$0
$0
$2,668
$910
Actual Payment Made
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2018
Payment Due Per Agreement
$0
$0
$0
$0
$0
$0
$0
$0
Net Exemptions: $8,137
Project Employment Information
9483 State Highway 37
OGDENSBURG
NY
13669
USA
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
8
7
0
0
8
To: 0
0
11
0
3
Project Status
Butternut Assets LLC
9483 State Highway 37
OGDENSBURG
NY
13669
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 19 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010201
Project Type: Bonds/Notes Issuance
Project Name: Canton-Potsdam Hospital
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Civic Facility
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$13,793,000.00
$11,615,000.00
$11,615,000.00
Run Date: 03/26/2012
Status: CERTIFIED
2.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
$0
$0
$0
$0
$0
$0
$0.00
$0.00
PILOT Payment Information
Actual Payment Made
Tax Exempt
Yes
08/22/2002
Yes
08/01/2002
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2027
Bond was reissued under the IDACDC in
2010. This bond has been closed out
for 2011 and is moved to IDACDC.
50 Leroy Street
POTSDAM
NY
13676
USA
Payment Due Per Agreement
$0
$0
$0
$0
$0
$0
$0
$0
Net Exemptions: $0
Project Employment Information
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
522
4
0
0
522
To: 0
0
522
0
0
Project Status
CPH
50 Leroy St
POTSDAM
NY
13676
Current Year Is Last Year for reporting: Yes
There is no debt outstanding for this project: Yes
IDA does not hold title to the property: Yes
The project receives no tax exemptions: Yes
USA
Page 20 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010703
Project Type: Bonds/Notes Issuance
Project Name: Clarkson University - $25,320,000 Civic
Facility Revenue Bonds
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Civic Facility
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$25,320,000.00
$25,320,000.00
$25,320,000.00
Run Date: 03/26/2012
Status: CERTIFIED
3.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
$0
$0
$0
$0
$0
$0
$0.00
$0.00
PILOT Payment Information
Actual Payment Made
Tax Exempt
Yes
02/20/2007
Yes
03/12/2007
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2031
$25,320,000 Civic Facility Revenue
Bonds (Clarkson University Project),
Series 2007 Employment numbers recorded
as part of 40010301 project.
Box 5540
POTSDAM
NY
13676
USA
Payment Due Per Agreement
$0
$0
$0
$0
$0
$0
$0
$0
Net Exemptions: $0
Project Employment Information
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
0
0
0
0
0
To: 0
0
0
0
0
Project Status
Clarkson University
Box 5540
POTSDAM
NY
13676
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 21 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010301
Project Type: Bonds/Notes Issuance
Project Name: Clarkson University Project, Series 2003
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Civic Facility
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$6,130,000.00
$6,130,000.00
$6,130,000.00
Run Date: 03/26/2012
Status: CERTIFIED
4.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
$0
$0
$0
$0
$0
$0
$0.00
$0.00
PILOT Payment Information
Actual Payment Made
Tax Exempt
Yes
10/30/2002
Yes
04/01/2003
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2033
HamlinPower Renovation & Cheel
Refinancing. Employment numbers from
40010703 are recorded with this
project.
Box 5540
POTSDAM
NY
13676
USA
Payment Due Per Agreement
$0
$0
$0
$0
$0
$0
$0
$0
Net Exemptions: $0
Project Employment Information
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
590
0
0
0
590
To: 0
0
704
0
114
Project Status
Clarkson
Box 5540
POTSDAM
NY
13676
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 22 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010601
Project Type: Bonds/Notes Issuance
Project Name: Claxton-Hepburn Medical Center
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Civic Facility
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$20,000,000.00
$20,000,000.00
$20,000,000.00
Run Date: 03/26/2012
Status: CERTIFIED
5.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
$0
$0
$0
$0
$0
$0
$0.00
$0.00
PILOT Payment Information
Actual Payment Made
Taxable
Yes
09/28/2006
Yes
10/18/2006
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2031
Payment Due Per Agreement
$0
$0
$0
$0
$0
$0
$0
$0
Net Exemptions: $0
Project Employment Information
214 King Street
OGDENSBURG
NY
13669
USA
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
592
10
805,000
0
592
To: 0
31,500,000
631
0
39
Project Status
Claxton Hepburn
214 King St
OGDENSBURG
NY
13669
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 23 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 4001-08-02
Project Type: Straight Lease
Project Name: Community Bank N.A.
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Services
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$0.00
$3,800,000.00
Run Date: 03/26/2012
Status: CERTIFIED
6.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
12/30/2008
Actual Payment Made
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2019
Community Bank N.A. Project, Tallman
House Project
Tallman Road & Route 11
CANTON
NY
13617
USA
$29,183
$65,115
$130,230.00
$39,069.00
PILOT Payment Information
$0
No
11/06/2008
Yes
$0
$0
$18,909
$17,023
Payment Due Per Agreement
$2,459.99
$619.24
$2,880.88
$5,960.11
$2,459.99
$619.24
$2,880.88
$5,960.11
Net Exemptions: $124,269.89
Project Employment Information
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
138
6
143,520
0
138
To: 0
27,697
146
0
8
Project Status
Community Bank N.A.
5790 Widewaters Parkway
DE WITT
NY
13214
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 24 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010105
Project Type: Straight Lease
Project Name: Corning, Inc. - 2001 Expansion Project
(Empire Zone)
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Manufacturing
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$30,000,000.00
$30,000,000.00
Run Date: 03/26/2012
Status: CERTIFIED
7.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
12/02/2001
$94,731
$0
$176,298.00
PILOT Payment Information
$0
No
12/21/2001
Yes
$0
$0
$48,152
$33,415
Actual Payment Made
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2011
Payment Due Per Agreement
$91,910.37
$0
$98,248.11
$190,158.48
$91,910.37
$0
$98,248.11
$190,158.48
Net Exemptions: -$13,860.48
Project Employment Information
324 County Route 16
CANTON
NY
13617
USA
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
0
10
0
0
0
To: 0
0
182
0
182
Project Status
Corning
324 Co Rte 16
CANTON
NY
13617
Current Year Is Last Year for reporting: Yes
There is no debt outstanding for this project: Yes
IDA does not hold title to the property: Yes
The project receives no tax exemptions: Yes
USA
Page 25 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010705
Project Type: Bonds/Notes Issuance
Project Name: Curran Renewable Energy LLC
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Manufacturing
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
$8,000,000.00
$8,000,000.00
$8,000,000.00
8.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
$0
$0
$17,398
$19,328
$23,704
$0
$60,430.00
$0.00
PILOT Payment Information
Actual Payment Made
Taxable
No
02/20/2007
Yes
12/12/2007
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2037
$8,000,000 Bond Issue Total Exemptions
Net of RPTL Section 485b Exemptions are
$0 because assessments do not reflect
improved property values.
Location of Project
Address Line1: 16 and 20 Commerce Drive
Address Line2: Massena Industrial Park
City: MASSENA
State: NY
Zip - Plus4: 13662
Province/Region:
Country: USA
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Run Date: 03/26/2012
Status: CERTIFIED
Payment Due Per Agreement
$0
$0
$0
$0
$0
$0
$0
$0
Net Exemptions: $60,430
Project Employment Information
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
0
50
1,575,000
0
To: 0
0
0
31
0
31
Project Status
Curran Renewable Energy LLC
16 Commerce Dr
MASSENA
NY
13662
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 26 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010004
Project Type: Straight Lease
Project Name: Harrowgate
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Manufacturing
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$0.00
$0.00
Run Date: 03/26/2012
Status: CERTIFIED
9.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
12/01/2001
$34,035
$0
$86,767.00
PILOT Payment Information
$0
No
03/29/2001
Yes
$0
$0
$24,980
$27,752
Actual Payment Made
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2013
Payment Due Per Agreement
$13,899.43
$13,875.75
$17,017.36
$44,792.54
$13,899.43
$13,875.75
$17,017.36
$44,792.54
Net Exemptions: $41,974.46
Project Employment Information
300 Main Street
MASSENA
NY
13662
USA
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
0
0
0
0
0
To: 0
0
33
0
33
Project Status
Harrowgate
300 Main
MASSENA
NY
13662
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 27 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010401
Project Type: Straight Lease
Project Name: Kinney Drugs
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Manufacturing
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$1,046,000.00
$236,000.00
Run Date: 03/26/2012
Status: CERTIFIED
10.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
03/04/2004
$5,081
$0
$19,071.00
PILOT Payment Information
$9,454.66
No
10/09/2003
Yes
$0
$0
$7,182
$6,808
Actual Payment Made
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2014
Payment Due Per Agreement
$2,619.51
$4,130.45
$2,506.8
$9,256.76
$2,619.51
$4,130.45
$2,506.8
$9,256.76
Net Exemptions: $9,814.24
Project Employment Information
Factory Street
GOUVERNEUR
NY
13642
USA
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
273
32
0
0
273
To: 0
0
289
0
16
Project Status
Kinney Drugs
Factory St
GOUVERNEUR
NY
13642
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 28 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 1
Project Type: Straight Lease
Project Name: Lot 17 L/P Media Accessories
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Manufacturing
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
$435,000.00
$435,000.00
11.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
Yes
01/14/2009
Yes
11/07/2008
$0
$0
$5,805
$6,449
$7,909
$0
$20,163.00
PILOT Payment Information
$25,876
Actual Payment Made
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2024
Payment Due Per Agreement
$2,902.51
$3,305.17
$3,994.19
$10,201.87
$2,902.51
$3,224.56
$3,954.64
$10,081.71
Net Exemptions: $9,961.13
Project Employment Information
Location of Project
Address Line1: 11,13,17 Trade Road
Address Line2: Lot 17
City: MASSENA
State: NY
Zip - Plus4: 13662
Province/Region:
Country: USA
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Run Date: 03/26/2012
Status: CERTIFIED
# of FTEs before IDA Status:
8
Original Estimate of Jobs to be created:
7
Average estimated annual salary of jobs to be
27,857
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
20,000
Original Estimate of Jobs to be Retained:
8
Estimated average annual salary of jobs to be
31,783
retained.(at Current Market rates):
Current # of FTEs:
5
# of FTE Construction Jobs during fiscal year:
0
Net Employment Change: (3)
To: 50,000
Project Status
Media Accessories
11,13,17 Trade Road
Lot 17
MASSENA
NY
13662
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 29 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010303
Project Type: Straight Lease
Project Name: Marimac U.S., Inc (Delaware)
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Manufacturing
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
$382,500.00
$342,500.00
12.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
No
06/19/2003
Yes
12/01/2003
$0
$0
$5,304
$5,893
$7,227
$0
$18,424.00
PILOT Payment Information
$36,524.99
Actual Payment Made
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2013
Payment Due Per Agreement
$3,743.01
$7,265.59
$7,226.69
$18,235.29
$3,743.01
$7,265.59
$7,226.69
$18,235.29
Net Exemptions: $188.71
Project Employment Information
Location of Project
Address Line1: 20 Trade Road
Address Line2: Massena Industrial Park
City: MASSENA
State: NY
Zip - Plus4: 13662
Province/Region:
Country: USA
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Run Date: 03/26/2012
Status: CERTIFIED
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
0
9
0
0
0
To: 0
0
2
0
2
Project Status
Marimac
20 Trade Rd
MASSENA
NY
13662
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 30 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010704
Project Type: Bonds/Notes Issuance
Project Name: Newton Falls Fine Paper Co, LLC
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Manufacturing
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$10,000,000.00
$10,000,000.00
$10,000,000.00
Run Date: 03/26/2012
Status: CERTIFIED
13.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
$0
$0
$22,887
$13,643
$38,284
$0
$74,814.00
PILOT Payment Information
Actual Payment Made
Tax Exempt
No
04/19/2007
Yes
07/01/2007
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2031
Payment Due Per Agreement
$12,249.87
$8,076.09
$20,873.04
$41,199
$12,249.87
$8,076.09
$20,873.04
$41,199
Net Exemptions: $33,615
Project Employment Information
PO Box 253
NEWTON FALLS
NY
13666
USA
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
0
97
4,100,000
0
To: 0
0
0
14
0
14
Project Status
"Newton Falls Fine Paper, Co."
PO Box 253
NEWTON FALLS
NY
13666
Current Year Is Last Year for reporting: Yes
There is no debt outstanding for this project: Yes
IDA does not hold title to the property: Yes
The project receives no tax exemptions: Yes
USA
Page 31 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 2011-12-20
Project Type: Straight Lease
Project Name: North Country Dairy, LLC
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Manufacturing
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$2,056,000.00
$2,056,000.00
Run Date: 03/26/2012
Status: CERTIFIED
14.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
12/21/2011
$0
$0
$15,420.00
$0.00
PILOT Payment Information
$0
No
12/01/2011
Yes
$0
$0
$15,420
$0
Actual Payment Made
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2012
Payment Due Per Agreement
$0
$0
$0
$0
$0
$0
$0
$0
Net Exemptions: $15,420
Project Employment Information
22 County Route 52
NORTH LAWRENCE
NY
12967
USA
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
0
55
0
0
0
To: 0
0
44
0
44
Project Status
North Country Dairy LLC
25 Anderson Road
CHEEKTOWAGA
NY
14225
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 32 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010702
Project Type: Bonds/Notes Issuance
Project Name: Potsdam Auxilliary and College
Educational Services, Inc.
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Civic Facility
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$2,500,000.00
$2,500,000.00
$2,500,000.00
Run Date: 03/26/2012
Status: CERTIFIED
15.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
$0
$0
$0
$0
$0
$0
$0.00
PILOT Payment Information
Actual Payment Made
Tax Exempt
Yes
06/26/2007
Yes
07/07/2007
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2037
Payment Due Per Agreement
$0
$0
$0
$0
$0
$0
$0
$0
Net Exemptions: $0
Project Employment Information
44 Pierrepont Avenue
POTSDAM
NY
13676
USA
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
139
5
60,000
0
139
To: 0
0
215
0
76
Project Status
PACES
44 Pierrepont Ave
POTSDAM
NY
13676
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 33 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 2
Project Type: Straight Lease
Project Name: Rushton Place Rehabilitation
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Other Categories
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
$2,600,000.00
$1,500,000.00
16.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
Yes
10/13/2009
Yes
12/01/2009
$0
$0
$2,467
$2,221
$3,807
$0
$8,495.00
PILOT Payment Information
$0
Actual Payment Made
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2020
Payment Due Per Agreement
$2,373.81
$2,220.9
$3,949.3
$8,544.01
$2,373.81
$2,220.9
$3,949.3
$8,544.01
Net Exemptions: -$49.01
Project Employment Information
Location of Project
Address Line1: 5 Riverside Dr
Address Line2: 1 Main St
City: CANTON
State: NY
Zip - Plus4: 13617
Province/Region:
Country: USA
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Run Date: 03/26/2012
Status: CERTIFIED
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
0
8
29,375
20,000
0
To: 30,000
20,000
11
0
11
Project Status
Rushton Place
1 Main St
5 Riverside Dr
CANTON
NY
13617
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 34 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 4001-11-01
Project Type: Straight Lease
Project Name: St. Lawrence Gas Company, Inc
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Transportation, Communication, Electric,
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
$11,884,000.00
$0.00
17.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
No
02/24/2011
Yes
02/24/2011
$0
$0
$86,361.00
Actual Payment Made
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2026
2011 Project in beginning phases.
$49,349
$37,012
$0
$0
PILOT Payment Information
$0
Location of Project
Address Line1: 33 Stearns Street
Address Line2: PO Box 270
City: MASSENA
State: NY
Zip - Plus4: 13662
Province/Region:
Country: USA
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Run Date: 03/26/2012
Status: CERTIFIED
Payment Due Per Agreement
$0
$0
$0
$0
$0
$0
$0
$0
Net Exemptions: $86,361
Project Employment Information
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
49
4
25,000
10,000
0
To: 40,000
25,000
49
0
0
Project Status
St. Lawrence Gas Company, Inc
PO Box 270
33 Stearns St
MASSENA
NY
13662
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 35 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010701
Project Type: Straight Lease
Project Name: St. Lawrence Lumber
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Manufacturing
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$639,000.00
$639,000.00
Run Date: 03/26/2012
Status: CERTIFIED
18.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
02/22/2007
$12,483
$0
$27,084.00
PILOT Payment Information
$0
No
02/20/2007
Yes
$0
$0
$9,753
$4,848
Actual Payment Made
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2017
Payment Due Per Agreement
$520.17
$258.57
$276.24
$1,054.98
$520.17
$258.57
$276.24
$1,054.98
Net Exemptions: $26,029.02
Project Employment Information
3334 State Highway 58
GOUVERNEUR
NY
13642
USA
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
6
4
100,000
0
6
To: 0
150,000
8
0
2
Project Status
St Lawrence Lumber
3334 St Hwy 58
GOUVERNEUR
NY
13642
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 36 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40010101
Project Type: Bonds/Notes Issuance
Project Name: St. Lawrence Newspapers Inc.
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Manufacturing
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$3,000,000.00
$3,000,000.00
$3,000,000.00
Run Date: 03/26/2012
Status: CERTIFIED
19.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
$0
$0
$0
$0
$0
$0
$0.00
$0.00
PILOT Payment Information
Actual Payment Made
Taxable
No
10/11/2001
Yes
10/18/2001
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2011
Payment Due Per Agreement
$0
$0
$0
$0
$0
$0
$0
$0
Net Exemptions: $0
Project Employment Information
300 Main Street
MASSENA
NY
13662
USA
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
0
4
0
0
0
To: 0
0
33
0
33
Project Status
St Lawrence Newspapers
300 Main St
CANTON
NY
13617
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 37 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 4001-09-01
Project Type: Bonds/Notes Issuance
Project Name: St. Lawrence University Re-Issue 2009
Project part of another Yes
phase or multi phase:
Original Project Code: 40010103
Project Purpose Category: Civic Facility
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$56,850,000.00
$56,850,000.00
$56,850,000.00
Run Date: 03/26/2012
Status: CERTIFIED
20.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
$0
$0
$0
$0
$0
$0
$0.00
$0.00
PILOT Payment Information
Actual Payment Made
Tax Exempt
Yes
06/22/2009
Yes
06/18/2008
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2031
Payment Due Per Agreement
$0
$0
$0
$0
$0
$0
$0
$0
Net Exemptions: $0
Project Employment Information
30 Sullivan Dr
CANTON
NY
13617
USA
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
636
0
0
0
0
To: 0
0
730
0
94
Project Status
St. Lawrence University
23 Romoda Dr
CANTON
NY
13617
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 38 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
IDA Projects
General Project Information
Project Code: 40019801
Project Type: Bonds/Notes Issuance
Project Name: United Helpers Management Co.
Project part of another No
phase or multi phase:
Original Project Code:
Project Purpose Category: Civic Facility
Total Project Amount:
Benefited Project Amount:
Bond/Note Amount:
Annual Lease Payment:
Federal Tax Status of Bonds:
Not For Profit:
Date Project Approved:
IDA Took Title
to Property:
Date IDA Took Title
or Leasehold Interest:
Year Financial Assitance is
planned to End:
Notes:
Location of Project
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Applicant Information
Applicant Name:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
$3,800,000.00
$3,800,000.00
$3,800,000.00
Run Date: 03/26/2012
Status: CERTIFIED
21.
Project Tax Exemptions & PILOT Payment Information
State Sales Tax Exemption:
Local Sales Tax Exemption:
County Real Property Tax Exemption:
Local Property Tax Exemption:
School Property Tax Exemption:
Mortgage Recording Tax Exemption:
Total Exemptions:
Total Exemptions Net of RPTL Section 485-b:
$0
$0
$44,701
$40,244
$68,990
$0
$153,935.00
$0.00
PILOT Payment Information
Actual Payment Made
Tax Exempt
Yes
10/06/1998
Yes
11/18/1998
County PILOT:
Local PILOT:
School District PILOT:
Total PILOTS:
2025
Payment Due Per Agreement
$18,032
$26,755
$36,808
$81,595
$18,032
$26,755
$36,808
$81,595
Net Exemptions: $72,340
Project Employment Information
Sullivan Drive
CANTON
NY
13617
USA
# of FTEs before IDA Status:
Original Estimate of Jobs to be created:
Average estimated annual salary of jobs to be
created.(at Current market rates):
Annualized salary Range of Jobs to be Created:
Original Estimate of Jobs to be Retained:
Estimated average annual salary of jobs to be
retained.(at Current Market rates):
Current # of FTEs:
# of FTE Construction Jobs during fiscal year:
Net Employment Change:
0
7
124,782
0
0
To: 0
0
7
0
7
Project Status
United Helpers
Sullivan Drive
CANTON
NY
13617
Current Year Is Last Year for reporting: No
There is no debt outstanding for this project: No
IDA does not hold title to the property: No
The project receives no tax exemptions: No
USA
Page 39 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
IDA Projects Summary Information:
Total Number of Projects
21
Total Exemptions
$885,629.0
Total PILOT Paid
$410,998.04
Net Exemptions
$474,630.96
Net Employment Change
706
Page 40 of 41
Annual Report for St. Lawrence County Industrial Development Agency
Fiscal Year Ending:12/31/2011
Run Date: 03/26/2012
Status: CERTIFIED
Additional Comments:
Page 41 of 41