St. Lawrence County Industrial Development Agency
Ernest J. LaBaff Industrial Building ~ 19 Commerce Lane, Suite 1, Canton, New York 13617-1496
Phone: (315) 379-9806 Fax: (315) 386-2573
Patrick J. Kelly
Chief Executive Officer
PROJECT ACTIVITY REPORT
Project:
Project Address:
Application Date:
Board Approval Date:
Financing Date:
Op-Tech Environmental Services, Inc.
Lot 20, Massena Industrial Park
Massena, New York 13662
May 23, 2008 and signed October 9, 2008
August 7, 2008
July 1, 2009 (Execution of documents: April 24, 2013)
Project Overview:
Op-Tech Environmental Services, Inc. is a leading provider of environmental, industrial and mechanical services in
the Northeast and Mid-Atlantic regions. Op-Tech has a proven track record of safety, compliance, responsiveness
and experience, and is one of the region’s premier environmental contractors with over 21,000 successful projects.
As part of an expansion project, the East Syracuse-based Company, wishing to relocate its Massena operations to a
larger facility located within the Massena Industrial Park, negotiated purchase of the Park’s Lot 20 building.
Actions Taken:
The St. Lawrence County Industrial Development Agency held a public hearing on December 15, 2008 at 6pm at 63
Trade Road, Lot 20 of the Massena Industrial Park, Massena, NY.
Lease/Purchase ................................................................................................................................................$600,000
With a $60,000 down payment
Standard Payment in Lieu of Taxes Agreement.
Economic Indicators:
Jobs Created and Maintained: This project is expected to retain 39 jobs and create 19 jobs in St. Lawrence County
over the next three (3) years.
Revitalization of Property: The project will result in the purchase of a previously-vacant building.
Tax Base: A formerly tax-exempt parcel, this purchase will expand the tax base by adding approximately $465,200 in
assessed value to the tax roll.
See attached cost-benefit analysis.
FOR AGENCY USE ONLY
COST/BENEFIT ANALYSIS: As required by Section 869-A3 of New York General Municipal Law.
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:
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)
$465,200
$0
$465,200
100.00%
$465,200
$46.37
$215,713
$53,928
$161,785
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 EXEMPTION
$0.00
$161,785
Full Time
Part Time
Seasonal
Total:
Current
Jobs
39
39
Post-Project Employment
Total
New
Jobs
5
6
8
19
0
0
5
6
8
19
Created
Year 3
$0
7%
$0
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
PAYROLL COMPARISON:
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Total Payroll
Total Payroll 1st Year after
Before
Project
Completion
Project
$2,337,085 $2,618,988
Total Payroll
2nd Year after
Project
Completion
Total Payroll
3rd Year after
Project
Completion
Total New
Payroll
$2,733,561 $2,892,660 $1,233,954
ESTIMATED OTHER BENEFITS:
Sales Tax Revenue
If the project will result in the manufacturing of 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”. $
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”. $
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”. $21500
What other benefits will the Project bring to the community
and region? Additionally, approximately 25 seasonal
and occasional employees with an average wage of
$29,312 are not included in the above.