City of Glens Falls
INDUSTRIAL DEVELOPMENT AGENCY August 10, 2006
A meeting of the Industrial Development Agency was held on August 10, 2006 at 10:00 AM in the Mayor’s Conference Room, in City Hall, 42 Ridge Street, Glens Falls, NY 12801. Present: Chairman Daniel Hazewski, Mayor Leroy Akins and Commissioner Lois Robinson. Absent: Commissioner Paul McPhillips. Also Present: Thomas Donohue and Jackie Squadere, Community Development and Todd Feigenbaum, Economic Development,
Chairman Hazewski called the meeting to order. The first item on the agenda is approval of meeting minutes.
RESOLUTION NO. 37
On the motion of Commissioner Robinson, seconded by Mayor Akins, all voting affirmatively, it was RESOLVED THAT, the Industrial Development Agency hereby approves the minutes from the July, 2006 meeting.
Chairman Hazewski stated the next item is Status of Accounts. No action is needed. He stated the next item is a resolution to fund the position of Economic Development Director for 2006 for $25,000. Commissioner Robinson stated she doesn’t think that’s enough money for what Todd is doing. Mayor Akins replied that it wasn’t intended to be that way, but at the current time, that’s what it is. It should be double, at least that. Chairman Hazewski stated we are reimbursing the City for the amount. It’s really the Mayor negotiating with his Economic Development Director. We would entertain another request from the Mayor, but it’s not the IDA’s jurisdiction to negotiate that. Commissioner Robinson asked whose money is this? Mayor Akins stated he’s basically a City employee.
RESOLUTION NO. 38 On the motion of Commissioner Robinson, seconded by Mayor Akins, all voting affirmatively, it was
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RESOLVED THAT, the Industrial Development Agency hereby approves funding the position of Economic Development Director for 2006, in the amount of $25,000.
Chairman Hazewski stated the next item on the agenda is payment of bills: Judge & Duffy, $1,401.53; City of Glens Falls, $25,000; and Whittemore Dowen & Ricciardelli LLP, $1,775.00.
RESOLUTION NO. 39 On the motion of Mayor Akins, seconded by Commissioner Robinson, all voting affirmatively, it was RESOLVED THAT, the Industrial Development Agency hereby approves payment of the following bills: Judge & Duffy, $1,401.53; City of Glens Falls, $25,000; and Whittemore Dowen & Ricciardelli LLP, $1,775.00.
OLD BUSINESS Mayor Akins stated going back to our relationship with Columbia Park when they came in to have a re-finance situation. Mr. McGowan from the school said that while the City has agreed to tax less in taxes, it has an impact to the schools. So when we make decisions, what we all do collectively doesn’t have a negative impact. It amounted to a $3,000 reimbursement from the school. Mr. Feigenbaum stated while the IDA was approving the refinance he didn’t know they were applying for a lower assessment on the building to get their taxes lowered. It’s an Article 7. Which they did and the school district is taking a pretty big hit on taxes. Part of it is a communications thing. There are so many entities of City government, they have to find ways to share information so they know what’s going on. They could have negotiated with them as part of the deal with the IDA. It was nothing the IDA did wrong. We just didn’t know that at the time Columbia Park was asking for a favor from us, they were asking for a really big favor from the City and the School District in terms of a lot less of an assessment. Chairman Hazewski stated he postponed that personally for 6 months. He kept putting it off and off, because he thought the whole deal stunk. There was no way to know they were going through that process. As we were doing is approving their refinance – we didn’t do anything to change the terms of the deal – it wasn’t a poor deal from the beginning. That property is 78% tax exempt, even though it’s privately held. Mr. Feigenbaum stated once those assessment challenges are made, he thinks they become public. Maybe there is some way of being aware when we’re thinking about making a decision, that they find out if there are any other legal situations going on. The bigger challenge facing the City is the Hospital’s continually gobbling up residential real estate for parking. More houses are being purchased and torn down to make room for parking. He has said to the Hospital they really need to think about stopping that and think about building a garage. They say they can’t afford a garage.
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He stated that it could be an interesting IDA project with the Hospital. Basically line up a lot of Federal and State support for a parking facility and run it through our IDA so we get a nice project. Commissioner Robinson suggested Kevin McLaughlin could help them with that. The Hospital has taken so many houses off the tax rolls, no wonder the City is having problems and not getting enough money. Mr. Feigenbaum stated he’s currently doing a parking garage for St. Luke’s Hospital in Newburgh. Chairman Hazewski stated they also need to seriously think about having the IDA just doing bonding and take away the asset. We never had money before – it’s a windfall from the Jennings factory. Think about taking those funds and putting them in the LDC where they can actually be used a little differently. Just have the IDA do IDA functions, which is bonding. Mr. Feigenbaum stated Kevin McLaughlin has said many times over the past months that Glens Falls is in a great position because we have an IDA with funds and an LDC with funds and an URA. We have all the tools to do some tremendous economic development projects. He spoke with him about having him come in and do an economic development workshop with the IDA, LDC and URA members. Talk about how they can better leverage the resources they have and focus them to get some good things done for the City.
RESOLUTION NO. 40
On the motion of Mayor Akins, seconded by Commissioner Robinson, all voting affirmatively, it was RESOLVED THAT, the Industrial Development Agency hereby adjourns the August, 2006 meeting.