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:
DeFelsko Corporation / Beamko, LP
802/800 Proctor Avenue
Ogdensburg, New York 13669
Application Date:
April 30, 2014
Board Approval Date: June 11, 2014
Assistance Date:
June 11, 2014
Project Overview:
DeFelsko Corporation, a leading U.S. manufacturer of coating thickness gages and inspection instruments, has
been delivering simple, durable and accurate gages since 1966. Family owned and operated in Northern New
York, their state of the art facility houses research, development, manufacturing, quality, sales and service
departments. Over the years, DeFelsko has expanded its range and introduced successful new technologies,
subsequently creating a demand for increased production space. This project includes the acquisition and
demolition of a 13,000 sq ft facility and construction of a 25,000 sq ft facility.
Actions Taken:
Proposed Financial Assistance:
St. Lawrence County Industrial Development Agency (Sales and Use Tax Exemption Benefit) ...................... $144,000
St. Lawrence County Industrial Development Agency (Payment in Lieu of Taxes) .......................................... $470,970
Pursuant to Section 859-a of Article 18-A of General Municipal Law, the St. Lawrence County IDA held a public hearing
on June 2, 2014. See following pages.
Economic Indicators:

Jobs Maintained and Generated – This project will create 15 full-time equivalent jobs over the next three years
and will assist in the retention of 60 positions at the Ogdensburg facility.

Revitalized Properties – DeFelsko will be demolishing an older, smaller facility in a high visibility area of the
Ogdensburg Bridge & Port Authority’s Commerce Park and replacing it with a larger, new facility.

Tax Base – Payment in Lieu of Tax payments of $156,990 are anticipated over the 10-year PILOT period. At the
end of the PILOT, there will be an estimated increase of $1,200,000 in the tax base, resulting in additional real
property tax revenue of $62,796 per year.
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 859-a of Article 18-A of
the New York General Municipal Law (the “Act”) will be held by the St. Lawrence County
Industrial Development Agency (the “SLCIDA”) on the 2nd day of June, 2014 at 11:00 o’clock
AM, local time, at the Ogdensburg Bridge and Port Authority Board Meeting Room, 1 Bridge
Plaza, Ogdensburg, New York 13669 in connection with the following matter:
DeFelsko Corporation/Beamko, L.P., (the “Company”), has submitted an application (the
“Application”) to the SLCIDA requesting the SLCIDA’s assistance with a certain project (the
“Project”) consisting of: (i) the acquisition by the SLCIDA of a leasehold interest to approximately
1.6 acres of real property located at 800 Proctor Avenue, City of Ogdensburg, St. Lawrence
County, New York (the “City”), such real property being more particularly described as TMID No
48.002-1-20.2 (herein, the “Land”), (ii) the construction and operation on the Land of a 25,000 SF
structure (the “Improvements”), (iii) the acquisition in and around the Land and Improvements
and of certain items of equipment and other tangible personal property and equipment (the
“Equipment” and, collectively with the Land and the Improvements, the “Facility”), and (iv) the
lease of the Facility to the Company pursuant to a straight-lease transaction as defined within the
Act;
SLCIDA is contemplating providing financial assistance to the Company with respect to the
Project (the “Financial Assistance”) in the form of: (i) a sales and use tax exemption for purchases
and rentals related to the acquisition, construction and equipping of the Facility, and (ii) a partial
real property tax abatement on the improved value of the project through a Payment in Lieu of
Taxes Agreement.
A representative of the SLCIDA will be at the above-stated time and place to present a copy of the
Company’s Application (including a cost-benefit analysis) and hear and accept written and oral
comments from all persons with views in favor of or opposed to or otherwise relevant to the
proposed Financial Assistance.
Written statements provided to the SLCIDA regarding the project will also become part of the
record of public hearing. Written statements should be addressed to: SLCIDA, 19 Commerce
Lane, Suite 1, Canton, New York 13617, and must be received by the SLCIDA no later than
11:00 o’clock AM on June 2nd, 2014 to be included in the record of public hearing.
DATED: May 14, 2014
ST. LAWRENCE COUNTY
INDUSTRIAL DEVELOPMENT AGENCY
By:
Patrick J. Kelly, CEO
***FOR AGENCY USE ONLY***
COST/BENEFIT ANALYSIS
(As required by Section 869-A3 of New York General Municipal Law)
Project Applicant:
Estimated COST of Agency Assistance:
Estimated BENEFIT of Agency Assistance:
ESTIMATED EXEMPTIONS:
EMPLOYMENT COMPARISON:
Do not include construction jobs relating to the Project.
Double click on chart to enter data
Pre-Project
Employment
2. Mortgage Recording Tax Exemption
a. Projected Amount of Mortgage:
Mortgage Recording Tax Rate:
b. Estimated Exemption:
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)
$0
0.75%
$0
Ogdensburg City
$3,000,000
$300,000
$1,500,000
100.00%
$1,200,000
$52.33
$627,960
$156,990
$470,970
a. Total Estimated Interest Expense
(assuming taxable interest)
b. Total Estimated Interest Expense
(assuming tax exempt interest rate)
TOTAL ESTIMATED EXEMPTIONS
Comments:
PAYROLL COMPARISON:
Double click on chart to enter data
Total Payroll
Total Payroll
Total Payroll
Total Payroll 1st Year after 2nd Year after 3rd Year after
Before Project
Project
Project
Project
Completion
Completion
Completion
$1,965,000
$2,128,750
$2,292,500
$2,456,250
ESTIMATED OTHER BENEFITS:
4. Interest Exemption (Bond Only )
c. Interest Exemption (a – b)
Full Time
Part Time
Seasonal
Total:
Current
Jobs
60
0
0
60
Post-Project Employment
Total
New
Jobs
15
5
5
5
0
0
5
5
5
15
Created
Year 3
$1,800,000
8%
$144,000
Created
Year 2
a. Amount of Project Cost Subject to Tax:
Sales and Use Tax Rate:
b. Estimated Exemption:
Created
Year 1
Double click chart to enter data
1. Sales and Use Tax Exemption
$0.00
$614,970
Sales Tax Revenue
If the project will result in the manufacturing or selling of a
new product, estimate the amount of annual sales taxes
that will be generated on retail sales of the new product.
Otherwise, enter “N/A”. $N/A
If the Project will result in increased production or sales of
an existing product, estimate the amount of annual sales
tax that will be generated on the retail sales of the
increased production. Otherwise, enter “N/A”. $N/A
Real Property Taxes
Estimate the amount of annual real property taxes that will
be payable on the Project (at the end of the PILOT
Agreement, if any). Otherwise, enter “N/A”. $62,796
What other benefits will the Project bring to the community
and region? The company is a leading U.S.
manufacturer of coating thickness gages and
inspection instruments and plans to further grow that
business through this project.
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