St. Lawrence County Industrial Development Agency
Ernest J. LaBaff Industrial Building ~ 19 Commerce Lane, Suite 1 ~ Canton, New York 13617
Phone: (315) 379-9806 ~ Fax: (315) 386-2573
Patrick J. Kelly
Chief Executive Officer
PROJECT ACTIVITY REPORT
Project:
Project Address:
Beamko, LP
802 Proctor Avenue
Ogdensburg, New York 13669
Application Date:
August 25, 2015
Board Approval Date: August 27, 2015
Assistance Date:
September 1, 2015
Project Overview:
Beamko, LP is a partnership created in 2013 with Milpada, LLC as general partner. In 2014, the Company received
financial assistance from the SLCIDA as part of its project to demolish an existing building located at 800 Proctor
Avenue and construct a new building. Beamko, LP then leased the space to DeFelsko Corporation. DeFelsko is a
leading US manufacturer of coating thickness gages and inspection instruments, and has been delivering gages since
1965.
Beamko, LP applied for financial assistance from the SLCIDA in the form of exemption from New York and local sales
and use tax on the purchase of goods and services needed to assist the Company in modernization and energy
efficiency improvements to its facility at 802 Proctor Avenue, Ogdensburg, and to transition the building to be used for
research and development, repairs department, purchasing, production/machine shop and employee cafeteria.
Actions Taken:
Proposed Financial Assistance:
St. Lawrence County Industrial Development Agency (Sales and Use Tax Exemption Benefit) ........................ $28,800
Economic Indicators:
 Jobs Maintained and/or Generated – This project will assist in the retention of 77 full-time equivalent jobs at
DeFelsko. These jobs offer Medical, Dental, Life Insurance and Profit Sharing benefits.

Improved Corporate Performance – This project will assist DeFelsko to strengthen its investment in its Company
and maintain its significant presence in St. Lawrence County.

Renovation and Modernization of Existing Property – This project will assist DeFelsko to modernize and
incorporate energy efficient improvements in the facility.
***FOR AGENCY USE ONLY***
COST/BENEFIT ANALYSIS
(As required by Section 869-A3 of New York General Municipal Law)
Project Applicant: Beamko, LP
Estimated COST of Agency Assistance
ESTIMATED EXEMPTIONS:
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1. Sales and Use Tax Exemption
a. Amount of Project Cost Subject to Tax:
[Sales and Use Tax Rate]
b. Estimated Exemption:
$360,000
8%
$28,800
2. Mortgage Recording Tax Exemption
a. Projected Amount of Mortgage:
[Mortgage Recording Tax Rate]
b. Estimated Exemption:
$0
0.75%
$0
3. Real Property Tax Exemption
Property Location:
a. Investment in Real Property [Total Project Cost]
b. Pre-project assessment:
c. Projected post-project assessment
d. Equalization Rate [for reference only]
e. Increase in Assessed Value of Property
f. Total Applicable Tax Rates per $1,000
g. Ten Year Total Taxes [e X f X 10]
h. PILOT Payments with Standard IDA PILOT [g X .25]
i. Net Exemption Amount [g - h]
4. Interest Exemption [Bond Only]
a. Total Estimated Interest Expense
[assuming taxable interest]
b. Total Estimated Interest Expense
[assuming tax exempt interest rate]
c. Interest Exemption [a – b]
TOTAL ESTIMATED EXEMPTIONS
$425,000
$425,000
$0
$0
$0
$0
$0
$0
$0
$28,800
Comments: Interior renovations to the facility are not expected to increase assessed value of the property.
For assistance please contact the St. Lawrence County Industrial Development Agency at (315) 379-9806 / TDD Number: 711.
Estimated BENEFIT of Agency Assistance
EMPLOYMENT COMPARISON:
Do not include construction jobs relating to the Project.
Double click on chart to enter data
Current Jobs
Created
Year 2
Created
Year 3
Post-Project Employment
Created
Year 1
Pre-Project Employment
0
0
0
0
Full Time
Part Time
Seasonal
Total:
Total
New
Jobs
0
0
0
0
PAYROLL COMPARISON:
Double click on chart to enter data
Total Payroll 1st Total Payroll 2nd Total Payroll 3rd
Year after
Year after
Year after
Project
Project
Project
Completion
Completion
Completion
Total Payroll
Before Project
$2,521,750
$2,521,750
$2,521,750
$2,521,750
ESTIMATED OTHER BENEFITS:
Sales Tax Revenue
(New Product)
This project will result in the manufacturing or selling of a new product, and the
estimated amount of annual sales taxes that will be generated on retail sales of
the new project is $
.
Sales Tax Revenue
(Existing Product)
This project will result in increased production or sales of an existing product,
and the estimated amount of annual sales tax that will be generated on the retail
sales of the increased production is $
.
Real Property Taxes
The amount of annual real property taxes that will be payable on the project at
the end of the PILOT Agreement is $N/A, but the project will modernize a
building currently assessed at $425,000, upgrading its interior finishes and
extending its useful life.
Construction Jobs
This project will help generate approximately 5 construction jobs.
Community and
Regional Benefit
Beamko is the property owner of 802 Proctor Avenue, a related company,
Defelsko, employs 77 people at the facilty and an adjoining facilty
constructed in 2014-2015 as part of previous IDA project. As a result of
that project, Defelsko, a leading US manufacturer of coating thickness
gages, has recently increased its employee count from 60 to 77 (exceeding
their job creation goal of 15). This proposed project for Beamko will bring
the original facilty, constructed over 20 years ago, up to the same quality
and standards of the facility constructed in 2014-2015, supporting
Defelsko's 77 person workforce.
For assistance please contact the St. Lawrence County Industrial Development Agency at (315) 379-9806 / TDD Number: 711.