Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
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/IDALDC/IDALDC_2012/2011%20IDALDC%20
Mission%20and%20Performance.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/IDALDC/20110707_Internal%20Controls_IDALDC.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?
Yes
St. Lawrence County IDA
7. Has the Authority posted their mission statement to their website?
Yes
http://www.slcida.com/ida-local-development-corp/mission.html
8. Has the Authority's mission statement been revised and adopted during
the reporting period?
No
N/A
9. Attach the Authority's measurement report, as required by section 2824-a
of PAL and provide the URL.
http://www.slcida.com/assets/files/IDALDC/IDALDC_2012/2011%20IDALDC%20
Mission%20and%20Performance.pdf
Page 1 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Governance Information (Board-Related)
Question
Response
URL
1. Has the Board established a Governance Committee in accordance with Section 2824(7) Yes
of PAL?
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/ida-local-development-corp/idaldcmeetings-information/idaldc-committee-inform
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
http://www.slcida.com/ida-local-development-corp/idaldcmeetings-information/idaldc-committee-inform
6. Provide a URL link to the minutes of the Board and committee meetings held during
the covered fiscal year
7. Has the Board adopted bylaws and made them available to Board members and staff?
Yes
http://www.slcida.com/ida-local-development-corp/bylawsand-policies.html
8. Has the Board adopted a code of ethics for Board members and staff?
Yes
http://www.slcida.com/ida-local-development-corp/bylawsand-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 Yes
and staff in accordance with Section 2824(5) of PAL?
N/A
13. Are the Authority's Board members, officers, and staff required to submit financial Yes
disclosure forms in accordance with Section 2825(3) of PAL?
N/A
14. Was a performance evaluation of the board completed?
Yes
N/A
15. Was compensation paid by the Authority made in accordance with employee or union
contracts?
No
N/A
16. Has the board adopted a conditional/additional compensation policy governing all
employees?
No
11. Has the Board adopted policies for the following in accordance with Section 2824(1)
of PAL?
Page 2 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Board of Directors Listing
McMahon, Andrew J
Name
Chair of Board
No
If yes, Chair designated By.
Hall, Mark
Name
Chair of Board
No
If yes, Chair designated By.
Term Start Date
09/27/2010
Term Start Date
01/01/2010
Term Expiration Date
08/31/2013
Term Expiration Date
01/01/2013
Title
Title
Has the Board member appointed
a designee?
Has the Board member appointed
a designee?
Ex-officio
Nominated
By
Appointed By
No
Ex-officio
Local
Nominated
Local
Appointed By
Confirmed by Senate?
No
By
Local
Local
Confirmed by Senate?
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?
Yes
Page 3 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Board of Directors Listing
Weekes, R. Joseph
Name
Chair of Board
No
If yes, Chair designated By.
Peck, Donald
Name
Chair of Board
No
If yes, Chair designated By.
Term Start Date
07/31/2009
Term Start Date
09/28/2010
Term Expiration Date
07/31/2012
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
Appointed By
No
Ex-officio
Local
Nominated
Local
Appointed By
Confirmed by Senate?
No
By
Local
Local
Confirmed by Senate?
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?
No
Does the Board
member/designee also hold an
elected or appointed municipal
government position?
Yes
Page 4 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Board of Directors Listing
Blevins, Lynn
Name
Chair of Board
No
If yes, Chair designated By.
Staples, Brian W
Name
Chair of Board
Yes
If yes, Chair designated By.
Elected by Board
Term Start Date
06/01/2009
Term Start Date
09/12/2011
Term Expiration Date
06/01/2012
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
Appointed By
No
Ex-officio
Local
Nominated
Local
Appointed By
Confirmed by Senate?
No
By
Local
Local
Confirmed by Senate?
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 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Board of Directors Listing
LaBaff, Ernest
Name
Chair of Board
No
If yes, Chair 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
Appointed By
Local
Local
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 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
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
If yes, Is
the payment
made by a
State or
local
government
Fountain, Chief
Raymond H Executive
Officer
Gilbert, Chief
Kimberly Financial
Officer
A
Executive
FT
Yes
30,000.00
30,000
0
0
0
0
30,000
Yes
Yes
Executive
FT
Yes
0.00
0
0
0
0
0
0
Yes
Yes
Deputy
Kelly,
Patrick J Chief
Executive
Officer
Business
Norton,
Developmen
Brian K
t
Specialist
Rodriguez Business
, Leigh B Developmen
t
Specialist
Secretary
Sibley,
Lori
Executive
FT
Yes
0.00
0
0
0
0
0
0
Yes
Yes
Professional
FT
Yes
0.00
0
0
0
0
0
0
Yes
Yes
Professional
FT
Yes
0.00
0
0
0
0
0
0
Yes
Yes
Administrative
and Clerical
FT
No
0.00
0
0
0
0
0
0
Yes
Yes
Sweatland Administra
, Natalie tive
Assistant
A
Administrative
and Clerical
FT
Yes
0.00
0
0
0
0
0
0
Yes
Yes
Williams, Facilities
Richard A Management
Specialist
Technical and
Engineering
FT
Yes
0.00
0
0
0
0
0
0
Yes
Yes
Page 7 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
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
Staples,
Brian W
Blevins,
Lynn
McMahon,
Andrew J
Weekes, R.
Joseph
Hall, Mark
Board of
Directors
Board of
Directors
Board of
Directors
Board of
Directors
Board of
Directors
Board of
Directors
Board of
Directors
Peck,
Donald
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 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Subsidiary/Component Unit Verification
Is the list of subsidiaries, as assembled by the Office of the State Comptroller, correct?
Yes
Are there other subsidiaries or component units of the Authority that are active, not included in the PARIS reports submitted by this Aut
No
Name of Subsidiary/Component Unit
Status
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 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Summary Financial Information
SUMMARY STATEMENT OF NET ASSETS
Assets
Current Assets
Cash and cash equivalents
$15,229,889
Investments
$0
Receivables, net
$879,930
Other assets
$36,942
Total Current Assets
$16,146,761
Noncurrent Assets
Restricted cash and investments
$0
Long-term receivables, net
$3,835,307
Other assets
$0
Capital Assets
Land and other nondepreciable property
$0
Buildings and equipment
$1,307,942
Infrastructure
$0
Accumulated depreciation
$0
Net Capital Assets
$1,307,942
Total Noncurrent Assets
$5,143,249
Total Assets
$21,290,010
Page 10 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Summary Financial Information
SUMMARY STATEMENT OF NET ASSETS
Liabilities
Current Liabilities
Accounts payable
$0
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
$34,000
Total Current Liabilities
$34,000
Noncurrent Liabilities
Pension contribution payable
$0
Other post-employment benefits
$0
Bonds and notes payable
$0
Long Term Leases
$0
Other long-term obligations
$0
Total Noncurrent Liabilities
$0
Total Liabilities
$34,000
Net Asset (Deficit)
Net Asset
Invested in capital assets, net of related debt
$0
Restricted
$21,134,089
Unrestricted
$121,921
Total Net Assets
$21,256,010
Page 11 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Summary Financial Information
SUMMARY STATEMENT OF REVENUE, EXPENSES AND CHANGE IN NET ASSETS
Operating Revenues
Charges for services
$2,300
Rental & financing income
$74,783
Other operating revenues
$300,530
Total Operating Revenue
$377,613
Operating Expenses
Salaries and wages
$29,994
Other employee benefits
$622
Professional services contracts
$304,150
Supplies and materials
$0
Depreciation & amortization
$15,297
Other operating expenses
$477,114
Total Operating Expenses
Operating Income (Loss)
$827,177
($449,564)
Nonoperating Revenues
Investment earnings
$177,139
State subsidies/grants
$0
Federal subsidies/grants
$0
Municipal subsidies/grants
$0
Public authority subsidies
$0
Other nonoperating revenues
$0
Total Nonoperating Revenue
$177,139
Page 12 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Summary Financial Information
SUMMARY STATEMENT OF REVENUE, EXPENSES AND CHANGE IN NET ASSETS
Nonoperating Expenses
Interest and other financing charges
$0
Subsidies to other public authorities
$0
Grants and donations
$0
Other nonoperating expenses
$260,631
Total Nonoperating Expenses
$260,631
Income (Loss) Before Contributions
Capital Contributions
Change in net assets
($533,056)
$0
($533,056)
Net assets (deficit) beginning of year
$21,789,066
Other net assets changes
$0
Net assets (deficit) at end of year
$21,256,010
Page 13 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Current Debt
Question
Response
1. Did the Authority have any outstanding debt, including conduit debt, at any point during the reporting period?
No
2. If yes, has the Authority issued any debt during the reporting period?
New Debt Issuances List by Type of Debt and Program
No Data has been entered by the Authority for this section in PARIS
Page 14 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Schedule of Authority Debt
Type of Debt
Statutory
Authorization
($)
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
Conduit
Conduit Debt
Conduit Debt - Pilot Increment Financing
Page 15 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Real Property Acquisition/Disposal List
1.
Address Line1: 21 Trade Road
Address Line2: (Lot 18 - Massena Industrial Park)
City:
State:
Postal Code:
Plus4:
Province/Region:
Country:
Property Description:
Estimated Fair Market Value:
How was the Fair Market
Value Determined?:
Transaction Type:
If Other, Explain:
MASSENA
NY
13662
USA
Mixed Use
$415,800
Other
ACQUISITION
Transaction Date: 10/07/2011
Purchase Sale Price: $359,800.00
Lease Data (If applicable)
Market Rate($/square foot):
Lease Rate($/square foot):
Lease Period (months):
Seller/Purchaser/Tenant Data:
Organization: 21-31 Trade Road, Massena, LLC
Last Name:
First Name:
Address Line1: 825 Third Avenue
Address Line2: Floor 37
City: NEW YORK
State: NY
Postal Code: 10022
Plus4:
Province/Region:
Country: USA
Relation With Board
member/senior authority
No
management?
2.
Address Line1: 31 Trade Road
Address Line2: (Lot 19 - Massena Industrial Park)
City:
State:
Postal Code:
Plus4:
Province/Region:
Country:
Property Description:
Estimated Fair Market Value:
How was the Fair Market
Value Determined?:
Transaction Type:
If Other, Explain:
MASSENA
NY
13662
USA
Mixed Use
$424,700
Other
ACQUISITION
Transaction Date: 10/07/2011
Purchase Sale Price: $340,200.00
Lease Data (If applicable)
Market Rate($/square foot):
Lease Rate($/square foot):
Lease Period (months):
Seller/Purchaser/Tenant Data:
Organization: 31-31 Trade Road, Massena, LLC
Last Name:
First Name:
Address Line1: 825 Third Avenue
Address Line2: Fl 37
City: NEW YORK
State: NY
Postal Code: 10022
Plus4:
Province/Region:
Country: USA
Relation With Board
member/senior authority
No
management?
Page 16 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
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 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
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/IDALDC/IDALDC_2012
/12-01-03_IDALDC.pdf
Yes
http://www.slcida.com/assets/files/IDALDC/IDALDC_2012
/12-01-03_IDALDC.pdf
Yes
Page 18 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Grant Information
1.
Source of Grant Funds:
Name of Grant Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Amount of Grant Award Provided
During Reporting Year:
Other
Frederic Remington Art Museum
303 Washington Street
OGDENSBURG
NY
13669
USA
$15,000
2.
Source of Grant Funds:
Name of Grant Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Amount of Grant Award Provided
During Reporting Year:
Other
St Lawrence-North Country Foundation
St Lawrence Co Chamber of Commerce
101 Main Street
CANTON
NY
13617
USA
$25,000
Date Grant Awarded: 10/18/2011
Purpose of Grant: Commercial Property
Construction/Acquisition/Revitalization/Im
provement
Was the grant expected to result
in new jobs being created? No
Date Grant Awarded: 08/11/2011
Purpose of Grant: Land Preservation/Resource
Conservation/Recreation
Was the grant expected to result
in new jobs being created? No
If yes, how many jobs were planned
to be created?
If yes, how many jobs have been
created to date?
If yes, how many jobs were planned
to be created? 1
If yes, how many jobs have been
created to date? 1
Page 19 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Grant Information
3.
Source of Grant Funds:
Name of Grant Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Amount of Grant Award Provided
During Reporting Year:
Other
Town of Waddington, New York
PO Box 338
WADDINGTON
NY
13694
USA
$15,000
Date Grant Awarded: 12/15/2011
Purpose of Grant: Land Preservation/Resource
Conservation/Recreation
Was the grant expected to result
in new jobs being created? No
If yes, how many jobs were planned
to be created? 1
If yes, how many jobs have been
created to date? 1
Page 20 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
1.
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
Municipal
Ansen Corporation
100 Chimney Point Drive
OGDENSBURG
NY
13669
USA
$162,000
06/10/2011
2.63
15
$8,133.12
Equipment and Fixed Asset Acquisition
2.
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
Municipal
Ansen Corporation
100 Chimney Point Drive
OGDENSBURG
NY
13669
USA
$300,000
07/11/2003
3
10
$243,369.15
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 0
If yes, how many jobs have been
created to date? 13
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created? 128
If yes, how many jobs have been
created to date? 12
Have the terms of the loan been
completed? No
Page 21 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
3.
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
Municipal
Atlantic Testing Laboratories, LTD
6431 US Highway 11
PO Box 29
CANTON
NY
13617
USA
$200,000
10/17/2007
4.88
10
$200,000.00
Business Expansion/Startup
4.
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
Municipal
Atlantic Testing Laboratories, LTD - Ltd T
6431 US Highway 11
CANTON
NY
13617
USA
$50,926.9
03/01/2003
5.25
13
$30,311.56
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? No
If yes, how many jobs were planned
to be created? 14
If yes, how many jobs have been
created to date? 14
Have the terms of the loan been
completed? Yes
If yes, how many jobs were planned
to be created? 0
If yes, how many jobs have been
created to date?
Have the terms of the loan been
completed? No
Page 22 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
5.
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
Municipal
Atlantic Testing Laboratories, Ltd
6431 US Highway 11
PO Box 29
CANTON
NY
13617
USA
$400,000
10/17/2007
4.88
10
$143,582.94
Business Expansion/Startup
6.
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
Other
Clifton Fine Healthcare Corporation
PO Box 10
1014 Oswegatchie Trail
STAR LAKE
NY
13690
USA
$150,000
07/22/2010
2.63
15
$4,108.33
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 14
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created? 0
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? No
Page 23 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
7.
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
Municipal
Curran Renewable Energy LLC
15121 State Highway 37
MASSENA
NY
13662
USA
$600,000
12/12/2007
4.63
10
$59,593.84
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
8.
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
Municipal
Curran Renewable Energy, LLC
15121 State Highway 37
MASSENA
NY
13662
USA
$400,000
12/12/2007
4.63
10
$400,000.00
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 23
If yes, how many jobs have been
created to date? 30
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created? 23
If yes, how many jobs have been
created to date? 23
Have the terms of the loan been
completed? Yes
Page 24 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
9.
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
Municipal
DE Kerr Construction & Logging
PO Box 36
FINE
NY
13639
USA
$41,905
07/11/2007
5.13
7
$3,944.11
Equipment and Fixed Asset Acquisition
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
10.
Municipal
Four-C-Aire, Inc.
335 Pumpkin Hill Road
POTSDAM
NY
13676
USA
$146,000
09/21/2006
5.13
5
$146,000.00
Business Expansion/Startup
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 4
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created? 24
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? Yes
Page 25 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
11.
Other
Galilee Farms
5239 County Route 6
OGDENSBURG
NY
13669
USA
$116,000
04/04/2008
3.5
7
$50,542.60
Business Expansion/Startup
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
12.
Municipal
Glazier Packing Co.
US Route 11
POTSDAM
NY
13676
USA
$133,333
01/05/2006
4.63
10
$71,228.02
Business Expansion/Startup
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 2
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created? 5
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? No
Page 26 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
13.
Municipal
14.
Hackett's Hardware - formerly Wisebuys, LL
1223 Pickering Street
Other
Hoosier Magnetics, Inc.
110 Denny Street
OGDENSBURG
NY
13669
OGDENSBURG
NY
13669
USA
$235,000
12/24/2003
3
7
$148,262.92
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
USA
$200,000
06/24/2009
2.63
10
$30,687.98
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 60
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created? 0
If yes, how many jobs have been
created to date? 8
Have the terms of the loan been
completed? No
Page 27 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
15.
Other
Media Accessories.com, Inc.
11-13 Trade Road
MASSENA
NY
13662
USA
$168,000
01/27/2010
2.63
10
$41,912.81
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
16.
Municipal
Newton Falls Fine Paper Co. - Loan #1
PO Box 253
NEWTON FALLS
NY
13666
USA
$200,000
11/27/2006
5.13
10
$200,000.00
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 7
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created? 97
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? Yes
Page 28 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
17.
Municipal
Newton Falls Fine Paper Co. - Loan #2
PO Box 253
NEWTON FALLS
NY
13666
USA
$150,000
12/29/2006
5.13
10
$150,000.00
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
18.
Other
Newton Falls Fine Paper Co., LLC
PO Box 253
NEWTON FALLS
NY
13666
USA
$200,000
07/11/2007
5.13
10
$200,000.00
Business Expansion/Startup
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 0
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? Yes
If yes, how many jobs were planned
to be created? 0
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? Yes
Page 29 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
19.
Municipal
North Country Dairy - Upstate Niagara
22 County Route 52
NORTH LAWRENCE
NY
12967
USA
$800,000
05/24/2011
2.63
5
$0.00
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
20.
Municipal
North Lawrence Dairy
22 County Rte 52
NORTH LAWRENCE
NY
12967
USA
$200,000
08/03/2009
2.63
7
$200,000.00
Equipment and Fixed Asset Acquisition
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 54
If yes, how many jobs have been
created to date? 44
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created? 10
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? Yes
Page 30 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
21.
Other
North Racquette Greenery
486 North Racquette River Road
MASSENA
NY
13662
USA
$50,000
09/16/2010
2.63
7
$5,086.63
Business Expansion/Startup
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
22.
Municipal
Potsdam Mineral & Feed
309 Wright Road
POTSDAM
NY
13676
USA
$40,000
10/17/2007
4.88
5
$31,242.58
Business Expansion/Startup
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 5
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created? 2
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? No
Page 31 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
23.
Municipal
Potsdam Specialty Paper, Inc.
547A Sissonville Road
POTSDAM
NY
13676
USA
$200,000
12/15/2008
3
7
$200,000.00
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Was the Loan expected to result
in new jobs being created? No
If yes, how many jobs were planned
to be created?
If yes, how many jobs have been
created to date?
Have the terms of the loan been
completed? Yes
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
24.
Municipal
Potsdam Specialty Paper, Inc.
547A Sissonville Road
POTSDAM
NY
13676
USA
$400,000
12/15/2008
3
5
$225,877.48
Business Expansion/Startup
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 77
If yes, how many jobs have been
created to date? 83
Have the terms of the loan been
completed? No
Page 32 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
25.
Municipal
SLC IDA - Massena Industial Park, Lot 20
80 State Highway 310, Suite 6
CANTON
NY
13617
USA
$217,204.18
12/31/2005
3
10
$122,646.90
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
26.
Municipal
Slic Network Solutions, Inc
51 Main St
Suite 102
POTSDAM
NY
13676
USA
$120,000
05/11/2010
2.63
7
$23,771.80
Business Expansion/Startup
Was the Loan expected to result
in new jobs being created? No
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created?
If yes, how many jobs have been
created to date?
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created? 2
If yes, how many jobs have been
created to date? 17
Have the terms of the loan been
completed? No
Page 33 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
27.
Other
Slic Network Solutions, Inc.
51 Main Street
Suite 102
POTSDAM
NY
13676
USA
$825,000
12/09/2011
1
1
$0.00
Business Expansion/Startup
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
28.
Other
St Lawrence Co IDA (GM Vendor Project)
80 State Highway 310
Suite 6
CANTON
NY
13617
USA
$600,000
11/18/2004
1
15
$242,483.88
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? No
If yes, how many jobs were planned
to be created? 19
If yes, how many jobs have been
created to date? 4
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created?
If yes, how many jobs have been
created to date?
Have the terms of the loan been
completed? No
Page 34 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
29.
Municipal
St. Lawrence Food Corp.
30 Main Street
OGDENSBURG
NY
13669
USA
$300,000
03/23/2004
3
7
$98,753.87
Equipment and Fixed Asset Acquisition
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
30.
Other
St. Lawrence Food Corporation
30 Main Street
OGDENSBURG
NY
13669
USA
$200,000
11/13/2003
3
7
$51,519.60
Commercial Property
Construction/Acquisition/Revitalization/I
mprovement
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 20
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? Yes
If yes, how many jobs were planned
to be created? 20
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? No
Page 35 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
31.
Other
Structural Wood Corporation
243 Lincoln Avenue
WADDINGTON
NY
13694
USA
$300,000
12/20/2011
2.63
10
$0.00
Equipment and Fixed Asset Acquisition
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
32.
Other
TBase Communications USA, Inc.
806 Commerce Park
OGDENSBURG
NY
13669
USA
$55,000
07/13/2005
4.5
6
$55,000.00
Business Expansion/Startup
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 2
If yes, how many jobs have been
created to date? 9
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created? 4
If yes, how many jobs have been
created to date? 8
Have the terms of the loan been
completed? Yes
Page 36 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Loan Information
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
33.
Municipal
Woodruff Block Co. Inc.
495 West Parishville Road
POTSDAM
NY
13676
USA
$59,500
05/01/2005
7
7
$56,188.20
Business Expansion/Startup
Source of Loan Funds:
Name of Loan Recipient:
Address Line1:
Address Line2:
City:
State:
Zip - Plus4:
Province/Region:
Country:
Original Amount of Loan:
Date Loan Awarded:
Interest Rate(%):
Length of Loan(# of years
to repay):
Amount of Loan Prinicipal Repaid
to Date:
Purpose of Loan:
34.
Other
Youngs Brothers Stick Stringing
70 Schoolhouse Road
CANTON
NY
13617
USA
$75,000
04/04/2008
3.5
12
$13,131.05
Business Expansion/Startup
Was the Loan expected to result
in new jobs being created? Yes
Was the Loan expected to result
in new jobs being created? Yes
If yes, how many jobs were planned
to be created? 2
If yes, how many jobs have been
created to date? 2
Have the terms of the loan been
completed? No
If yes, how many jobs were planned
to be created? 3
If yes, how many jobs have been
created to date? 0
Have the terms of the loan been
completed? No
Page 37 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Bond Information
This Authority has indicated that it did not have any outstanding bonds during the reporting period.
Page 38 of 39
Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation
Fiscal Year Ending:12/31/2011
Run Date: 03/29/2012
Status: CERTIFIED
Additional Comments:
Page 39 of 39