CCIDA

CCIDA facilitates development by attracting new businesses, while promoting the retention and expansion of existing businesses.

201 West Third Street, Suite 115
Jamestown, NY 14701
Tel: 716-661-8900
Email: ccida@ccida.com

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CCIDA Board Minutes – February 26, 2019

March 26, 2019

BOARD OF DIRECTORS MEETING

  County of Chautauqua Industrial Development Agency

Fredonia Technology Incubator

214 Central Ave., Dunkirk, NY 14048

February 26, 2019

10:05 a.m.

Mike Metzger                              Chairman

Mark Odell                                 Member

Gary Henry                                 Member

Dennis Rak                                 Member

Brad Walters                               Member

Also in attendance:

Mark Geise                                 CCIDA CEO

Rich Dixon                                 CCIDA CFO

Greg Peterson                             Counsel

Carol Rasmussen                        CCIDA Staff

Linda Burns                                CCIDA Staff

George Cregg                              Hodgson & Russ

William Reynolds                       Lawson Boat & Motor LLC

Mary Heyl                                  Dunkirk Observer

Absent Board Member(s):  Kelly Farrell Dubois, Hans Auer, & Steve Thorpe

Meeting was called to order by Mike Metzger, Chairman, at 10:05 a.m.

Mike Metzger

I would like to call to order the County of Chautauqua Industrial Development Agency Board Meeting. We are at the SUNY Fredonia Technology Incubator at 214 Central Ave, Dunkirk NY. It is December 28th, 2018 and it is 10:05 a.m.

Roll call-quorum. Change in the order of the Agenda. I would like to entertain a motion for the approval of the minutes from December 18, 2018.

Mark Odell

So moved Mr. Chairman,

Brad Walters

Second.

Mike Metzger

Motion made by Mark and second by Brad. Any discussions, changes, revisions? Hearing none. All those in favor?

Board

Aye- Unanimous.

Mike Metzger

Opposed, abstained? The minutes have been approved. I’d like to move in to New Business. Let’s have a motion to address the Revenue Recognition Policy.

Gary Henry

So Moved.

Brand Walters

Second

Mike Metzger

Moved by Gary and second by Brad. Discussion please.

 

Rich Dixon

We reviewed a recommendation by the Auditors that we have a Revenue Recognition Policy. We had a few projects where our fees were spread out over 5 years or more and they wanted us to come up with a policy that stated when we recognized that revenue. The Governance Committee met and approved this Revenue Recognition Policy and the policy is attached and puts down in writing what we have been doing. If we approve this policy we can approve the minutes after that.

Dennis Rak

 

What is the trigger point to recognize?

Rich Dixon

*Provided examples. We have only recognized for the payment we have received, which are non-refundable. We try to be conservative in the policy.

Mike Metzger

We don’t want to overstate our revenue position. Our Auditors approved this policy and we’ll be using it going forward. We have a motion Gary and a second by Brad on the Revenue Recognition Policy. Is it ok to approve both the minutes and the adoption of the policy as part of that motion?

Board

Yes- unanimous.

Mike Metzger

Ok, thank you. Any further discussion? Hearing none. All those in favor?

Board

Roll call vote – unanimous.

Mike Metzger

Let the record show there are 5 votes in the affirmative. Motioned carried unanimous. May I have a motion for Bew Business “B 1”?

Mark Odell

Resolution 02-26-19-02 Final SEQR Resolution – so moved.

 

Brad Walters

Second.

 

Mike Metzger

Motion made by Mark and second by Brad. Discussion please.

 

Rich Dixon

Mark Maytum came to the Board a few months back with a project of stringing fiber to the rural areas of Northern Chautauqua County. Not feasible to do without grant funding. They received a grant but still the project needed some help so we entered in to an agreement with DFT to do a PILOT on the new fiver lines, polls, etc. On behalf of the IDA here is George Cregg.

George Cregg

There is two resolutions, there is the SEQR Resolution- as you know whenever the IDA does anything involving physical changes you should make a SEQR Determination. The State made a SEQR Determination in connection with the approximate $4 million dollar grant they made for this project but this project was a Type 2 Action because it’s basically putting equipment on their existing polls. They did put up a few new polls; they are putting on things that I do not understand. The first resolution would have the IDA determine that this is a Type 2 Action that therefore you don’t have to do anything under SEQR with respect to the project. The second resolution is an Approving Resolution and I passed out to everybody a new Exhibit A to this resolution. What this resolution does is it authorizes you to proceed with project and in compliance with the State law that passed a few years ago where the State auditors would get confused when IDA’s were doing a project and they couldn’t figure out that you caused new people to be hired permanently and then the IDA would then explain to them why the IDA did the project. The State said then we want you to put in the documents why you did the project. The purpose of this new schedule A is to list the expected benefits you expect to get from this project, which we think are the construction jobs, private sector investment, and other benefit of high speed internet to other parts of the county which could impact economic development throughout the County.

Mark Geise

The economics of running the cable without the State funding was unachievable but with the State coming in and providing funding and DFT stepping up to the plate to do this, I’m just happy the IDA could be a part of it.

George Cregg

We’ve been told that the company has constructed 80% of the project already and they are not looking for sales tax benefits and they don’t appear to be looking for a mortgage tax benefit. The real benefit they are looking for it to exempt this property under UTEP. If you authorize these resolutions the company would like to close by March 1.

Mike Metzger

Are there any other questions of George? Hearing none.

Roll Call Vote- Unanimous

Gary would you please move New Business B 2?

Gary Henry

Resolution 02-26-19-03 Approving Resolution.

 

Brad Walters

 

Second.

Mike Metzger

Motion made by Gary, second by Brad. Further discussion George?

 

George Cregg

No.

Mike Metzger

Any other questions from the Board? Hearing none.

Roll call vote- Unanimous

Now we will review the Transaction Committee minutes.

Linda Burns

 

Last week we held an off schedule Transaction Committee Meeting to gain preliminary agreement to proceed with the Lawson Boat Motor application for assistance with their project, which is to repair and restore a non-working marina located on Fluvanna Avenue, in the Town of Ellicott and the City of Jamestown. The meeting was held off schedule to provide sufficient time for the minimum 30 day public comment, for the notice of completion of the draft EIS. The applicant has requested financial assistance for a sales and use tax exemption, mortgage tax exemptions and real property tax exemption. $1.6 million dollar project is well underway with roughly $632,000 injected to date. The remaining million thirty five phase of the project is for the portion which they are seeking our assistance. The total tax savings for the project is estimated at $315,439. Mike Metzger asked if the project addressed remediating the known environmental issues with the project. Andy Johnson, the project engineer responded that the majority of the cleanup has been completed, according to regulation and the remaining funds allocated to cleanup should be sufficient. Unanimous vote was approved for a preliminary agreement resolution, CCIDA SEQR as lead agent, move forward with public hearings and final presentation for approval would be scheduled for our next scheduled Board Meeting. *Linda went on to provide details of the project.

 

Bill Reynolds

*Provided personal background and how it relates to the project, and the history of the project. Also spoke about work being done to connect with other local business (Chautauqua Harbor Hotel, Gebbie Foundation, & Audubon Nature Center). Read Mission Statement for organization. Provided copy of engineer report.

Rich Dixon

Can a Jet Ski be on the river and go to the Comedy Center?

Bill Reynolds

Yes. There is a speed limit and you‘ll just have to be careful of the weeds.

Mark Geise

*Spoke about Bathometric survey that is being done on the river.

Rich Dixon

How is the current?

Bill Reynolds

Depends on the kind of boat, size and season. 3.3 miles all the way to the dam.

Mike Metzger

I would like to entertain a motion to approve the Transaction Committee minutes.

Mark Odell

So moved Mr. Chairman.

Brad Walters

Second.

 

Mike Metzger

Any further discussion? Hearing none.

Rollcall vote- Unanimous.

Turning it over to Mark to review our Board Survey.

Mark Geise

*Spoke about what the survey is, why it’s sent and the results. Also spoke about the Board Q&A and Board Performance Reports.

Mike Metzger

Brad would you like to move the Audit Committee Minutes?

Brad Walters

So Moved.

Gary Henry

Second.

Mike Metzger

Motion made by Brad and second by Gary. Discussion please?

Rich Dixon

*Advised Audit Committee minutes were mistakenly left back at the office. Gave a verbal report of minutes. Discussed who was present at the meeting and what BWB reviewed. Biggest risk is the Al Tech Loan Fund and it is thoroughly reviewed by auditors.

Mike Metzger

Brad could you table or remove your motion? And Gary? We will wait until we have the minutes to approve them. We will put then on the agenda for next meeting.

Mark Geise

*Executive Directors report – Spoke about: Hops Barley Co-Op incentive, Recruitment Brochure, One-Stop Website, Ripley Gateway Commerce Center, Fiber Optic Cable at Stoneman Park, Brownfield Development Strategy, Economic Development Strategy, Consensus Strategy for Chautauqua Lake, LECOM, Solar Incentives, Edgewood Warehouse, Athenex, Webb’s, Colburn Block, CGR – program that allows IDA’s to plug info about projects and create cost benefit analysis and board report, and CFAs – list of about a dozen, which will be narrowed down.

Mike Metzger

Any questions of Mark? Now to Treasurers Report.

Rich Dixon

*Reviewed financials.

Mike Metzger

Any other questions? Hearing none. I would like to entertain a motion to accept the Treasurers Report as submitted.

Mark Odell

So moved Mr. Chairman.

Brad Walters

Second.

Mike Metzger

Any further discussion? Hearing none. All those in favor?

Board

Aye- Unanimous.

Mike Metzger

Now would like to entertain a motion to move in to Executive Session for the purposes of discussing the acquisition of property, personnel matters, and financial status of companies.  Do I have a motion?

 

Dennis Rak

So moved.

 

Gary Henry

Second.

Mike Metzger

All those in favor?

Board

Aye – Unanimous.

 

Mike Metzger

We are in Executive Session.

 

Executive Session Begins at 11:16 a.m.

__________________________________________________________________________________________

Executive Sessions Ends at 11:35 a.m.

__________________________________________________________________________________________

 

Mike Metzger

I would entertain a resolution to accept the revisions to the Al Tech Revolving Loan Fund Plan as presented.

Mark Odell

So moved.

 

Gary Henry

Second.

Mike Metzger

Any further discussion? Hearing none. All those in favor?

Board

Aye- Unanimous.

Mike Metzger

Next meeting will be at BWB on Tuesday at March 26th at 10:00am. I will be out of the country so Dennis it’s all yours.

__________________________________________________________________________________________

 

Meeting adjourned at 11:40 a.m.

­­­­­­­­­­­­­­­­­­­­­­__________________________________                            ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­_____________________________________

(Assistant) Secretary                                                                            (Vice) Chairman

Filed Under: Board Minutes, CCIDA Minutes, News

CCIDA Mission and Goals

The CCIDA is an economic development organization authorized and empowered by the State of New York to make Chautauqua County a better place to work, live, and visit. We facilitate development by attracting new businesses, while promoting the retention and expansion of existing businesses. Assistance in the forms of incentives – tax abatements, low interest loans, and bond financing – enhances the opportunities for job creation and retention by our businesses. Business … Learn More

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