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Industrial Development Agency Meeting – November 14, 2018

PLEASE TAKE NOTICE that the Industrial Development Agency of the City of Poughkeepsie, will meet on Wednesday, November 14th, 2018 at 6:30 p.m., in the Common Council Chambers, Third Floor, City Hall/Municipal Building, 62 Civic Center Plaza, Poughkeepsie, New York.

Notice of Public Hearing

NOTICE IS HEREBY GIVEN that a public hearing pursuant to Title 1 of Article 18-A of the New York State General Municipal Law (the “Act”), will be held by the City of Poughkeepsie Industrial Development Agency (the “Agency”) on Wednesday, November 14, 2018, at 6:30 p.m., local time, at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601, in connection with the following matters:

MPI Incorporated, a New York corporation or an entity formed or to be formed by or on behalf of the foregoing (the “Company”), has applied to the Agency to enter into a transaction (the “Project”) consisting of: (i) the Agency taking title, possession or control (by deed, lease, license or otherwise) of certain land located at 165 Smith Street, City of Poughkeepsie, Dutchess County, New York, and potentially, in the future, at (x) certain CSX-abandoned property at Smith Street and Cottage Street, City of Poughkeepsie, Dutchess County, New York, and/or (y) certain property owned by the City of Poughkeepsie that adjoins the Company’s property at 165 Smith Street and commonly referred to as Cottage Street Rear, (tax parcel number 131300-6162-73-503214-0000) (collectively, the “Land”), and the existing improvements located thereon consisting principally of the Company’s existing wax and ceramic casting campus (the “Existing Improvements”); (ii) the construction on the Land of approximately 14,000 square feet of new manufacturing space (allowing for the reorganization of the Company’s operations for increased efficiency and flow), with the roof structure acting as an overhead crane to move mega-ton systems as they are built and shipped; (iii) the renovation and refurbishment of approximately 1,000 square feet of office space;  (iv) the augmenting of the power infrastructure with varied-voltage test capacity; (v) the expansion of paint prep; (vi) the installation of automated vertical inventory storage units, transitions and connections between buildings, and a sandblasting booth (collectively, the “Improvements”), all as more fully detailed in the Company’s Application on file with the Agency); and (vii) the acquisition and installation by the Company in and around the Land, the Existing Improvements and the Improvements of items of equipment, machinery and other tangible personal property (the “Equipment”; and, together with the Land, the Existing Improvements and the Improvements, the “Facility”).

The Agency will acquire a fee or leasehold interest in the Facility, and will lease or sublease the Facility and the furnishings, fixtures and equipment located therein to the Company.  The Agency contemplates that it will provide financial assistance to the Company in the form of (i) exemptions from sales and use taxes otherwise payable upon the purchase or lease of materials, furnishings, fixtures and equipment, and other taxable personal property, (ii) exemptions from mortgage recording taxes to the extent permitted by applicable law in connection with the acquisition, financing, construction financing and/or permanent financing, or any subsequent refinancing, of the costs of the acquisition, renovation, construction, reconstruction, refurbishing and equipping of the Facility, and (iii) an abatement of real property taxes in such amount as the Agency may determine in order to accomplish the purposes of the Project (collectively, the “Financial Assistance”).

A representative of the Agency will, at the above-stated time and place, hear and accept written comments from all persons with views in favor of or opposed to either the proposed Financial Assistance to the Company or the location or nature of the Facility.  At the hearing, all persons will have the opportunity to review the application for Financial Assistance filed by the Company with the Agency and an analysis of the costs and benefits of the proposed Facility.

CITY OF POUGHKEEPSIE INDUSTRIAL DEVELOPMENT AGENCY

Dated:  November 1, 2018
By:     Bradley Tyler Jones
Title:  Chairman

Agenda

  1. Call to Order by Chairman
  2. Roll Call
  3. Approval of agenda
  4. Approval of minutes
  5. Public comment
  6. Remarks from area Building Trades Council
  7. MPI Inc. proposal
    1. Project summary (update)
    2. Public hearing
  8. Resolution appointing Executive Director
  9. Academy Street Market / Poughkeepsie Hive project
    1. Project summary
    2. Resolution of inducement
  10. Legal Issues
  11. Agenda items for Dec. 12, 2018 meeting
  12. Other Business
  13. Adjournment
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November 14, 2018 - Agenda

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Notice of Public Hearing - November 14, 2018

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Resolution - Appointing Executive Director

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Inducement Resolution - 35 Academy Realty

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Executive Director Consulting Contract

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Common Council Seeks Members for City IDA

PLEASE TAKE NOTICE that the City of Poughkeepsie Common Council is looking for members to serve on the City of Poughkeepsie Industrial Development Agency (IDA). Members must be residents of the City of Poughkeepsie. Please send letters of interest and resumes to Deanne L. Flynn, City Chamberlain to City Hall, Office of the City Chamberlain, 62 Civic Center Plaza, Poughkeepsie, New York 12601, [email protected] or by fax at 845-451-4239 by the end of the business day, Thursday, November 1, 2018.

If you applied previously, but were not selected, and wish to be re-considered, please confirm by e-mail or letter that you are still interested.

Industrial Development Agency Meeting – October 10, 2018

PLEASE TAKE NOTICE that the Industrial Development Agency of the City of Poughkeepsie, will meet on Wednesday, October 10, 2018 at 6:30 p.m., in the Common Council Chambers, Third Floor, City Hall/Municipal Building, 62 Civic Center Plaza, Poughkeepsie, New York.

Continue reading Industrial Development Agency Meeting – October 10, 2018

Industrial Development Agency Meeting – September 28, 2018

NOTICE OF RESCHEDULED SPECIAL MEETING
UNDER THE OPEN MEETINGS LAW
FOR
CITY OF POUGHKEEPSIE INDUSTRIAL DEVELOPMENT AGENCY

NOTICE IS HEREBY GIVEN, that the special meeting of the City of Poughkeepsie Industrial Development Agency (the “Agency”), originally scheduled to be held on Thursday, September 27, 2018, at 6:30p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601, has been rescheduled for Friday, September 28, 2018, at 6:30 p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601, during which the Agency Board will, among other things (i) consider the adoption of an Project authorizing resolution for financial assistance for CNN SPRUCE, LLC for a mixed use project to be located at 112 Delafield Street, 110 Delafield Street, 54 Spruce Street, 52 Spruce Street, 48 Spruce Street and 46 Spruce Street, City of Poughkeepsie, Dutchess County, New York, and (ii) will take up any other business that may come before the Agency Board.

Dated: Poughkeepsie, New York
September 18, 2018

Meeting Documents

Industrial Development Agency Meeting – September 12, 2018

NOTICE IS HEREBY GIVEN, that the City of Poughkeepsie Industrial Development Agency (the “Agency”) will hold a scheduled meeting on Wednesday, September 12, 2018, at 6:30 p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601, during which the Agency Board will, among other things (i) will hold a public hearing with respect to the CNN SPRUCE, LLC project, (ii) will consider the adoption of an inducement resolution for financial assistance for CNN SPRUCE, LLC for a mixed use project to be located at 112 Delafield Street, 110 Delafield Street, 54 Spruce Street, 52 Spruce Street, 48 Spruce Street and 46 Spruce Street, City of Poughkeepsie, Dutchess County, New York, and (iii) will take up any other business that may come before the Agency Board.

Agenda

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Agenda - September 12, 2018

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  1. Call to Order by Chairman.
  2. Roll Call.
  3. Approval of agenda.
  4. Approval of minutes of Aug. 8 IDA meeting
  5. Public presentation by CNN Spruce LLC
  6. Inducement resolution on CNN Spruce
  7. Old Business
  8. New Business
    1. Communication concerning  Baxter closing  (Mr. Albertelli)
    2. Waterfront update   (Ms. Vetter)
  9. Public comment
  10. Adjourn

 

 

Industrial Development Agency Meeting – August 8, 2018

NOTICE IS HEREBY GIVEN, that the City of Poughkeepsie Industrial Development Agency (the “Agency”) will hold a scheduled meeting on Wednesday, August 8, 2018, at 6:30 p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601, during which the Agency Board will, among other things (i) discuss the Agency’s Uniform Tax Exemption Policy, (ii) review roles and responsibilities of Agency members, and (iii) take up any other business that may come before the Agency Board.

Agenda

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Minutes - July 18, 2018

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Resolution R18-13

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Resolution R18-14

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  1. Call to Order by Chairman.
  2. Roll Call.
  3. Approval of agenda.
  4. Financial report(s).  Mr. Levinson   
  5. Old business
  6. New business
    1. Presentation by March Gallagher, President/CEO of Community Foundations of the Hudson Valley and former Chair, Ulster County IDA
    2. Discussion of Uniform Tax Exemption Policy  Ms. Brannen
    3. Review of member roles and responsibilities  Ms. Vetter
  7. Items for September meeting agenda
  8. Adjourn

Industrial Development Agency Special Meeting – August 3, 2018

NOTICE IS HEREBY GIVEN, that pursuant to the By-Laws of the City of Poughkeepsie Industrial Development Agency (the “Agency”), the Chair of the Agency hereby convenes a special meeting of the Agency on Friday, August 3, 2018, at 6:00 p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601, during which the Agency Board will consider the adoption of a project authorizing resolution for financial assistance for MAPLE ST. OF DUTCHESS LLC for a multi-family residential project to be located at 462 Maple Street, City of Poughkeepsie, New York.

Agenda

 

  1. Call to Order by Chairman.
  2. Roll Call.
  3. Approval of agenda.
  4. Public comment
  5. Authorizing resolution: Maple St. of Dutchess LLC/ R.L. Baxter Building Corp.
  6. Adjourn

Industrial Development Agency Meeting – July 18, 2018

NOTICE OF REGULAR MEETING
UNDER THE OPEN MEETINGS LAW
FOR
CITY OF POUGHKEEPSIE INDUSTRIAL DEVELOPMENT AGENCY

NOTICE IS HEREBY GIVEN, that the City of Poughkeepsie Industrial Development Agency (the “Agency”) will hold a scheduled meeting on Wednesday, July 18, 2018, at 6:30 p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601, during which the Agency Board will consider the adoption of: (i) a project authorizing resolution for financial assistance for MAPLE ST. OF DUTCHESS LLC for a multi-family residential project to be located at 462 Maple Street, City of Poughkeepsie, New York, and (ii) an inducement resolution for  MPI INCORPORATED for an expansion of a wax and ceramic casting campus at 165 Smith Street, Poughkeepsie, New York, and (iii) any other business that may come before the Agency Board.

Dated: Poughkeepsie, New York
July 10, 2018 Continue reading Industrial Development Agency Meeting – July 18, 2018

Industrial Development Agency Meeting – June 13, 2018

PLEASE TAKE NOTICE that the Industrial Development Agency of the City of Poughkeepsie, will meet on Wednesday, June 13, 2018 at 6:30 p.m., in the Common Council Chambers, Third Floor, City Hall/Municipal Building, 62 Civic Center Plaza, Poughkeepsie, New York.

MEETING AGENDA

 

  1. Call to Order by Chairman.
  2. Roll Call.
  3. Approval of agenda.
  4. Financial report(s).             (Mr. Brady)
  5. Old business
    1. Public hearing: Maple St. of Dutchess LLC/ R.L. Baxter Building Corp.
    2. Inducement resolution: Maple St. of Dutchess LLC/ R.L. Baxter Building Corp.
  6. New business
    1. Project presentation:    CNN Spruce LLC
    2. Public hearing: CNN Spruce LLC
    3. Communication from organized labor representatives             ( Mr. Mandle)
      1. Ron Diaz, business agent, United Association of Plumbers & Steamfitters, Local 21.
      2. Matt Stoddard, president, Iron Workers, Local 417.
    4. Discussion of Delaval Pilot  (Ms. Vetter)
    5. Resolution appointing Chief Fiscal Officer (Ms. Vetter)
  7. Communication regarding changes to IDA Uniform Tax Exemption Policy (Ms. Brannen)
  8. Items for July meeting agenda
  9. Adjourn

Industrial Development Agency Meeting – May 9, 2018

NOTICE OF CITY OF POUGHKEEPSIE
INDUSTRIAL DEVELOPMENT AGENCY
MEETING

Wednesday, May 9, 2018 at 6:30 p.m.

PLEASE TAKE NOTICE that the Industrial Development Agency of the City of Poughkeepsie, will meet on Wednesday, May 9, 2018 at 6:30 p.m., in the Common Council Chambers, Third Floor, City Hall/Municipal Building, 62 Civic Center Plaza, Poughkeepsie, New York. Continue reading Industrial Development Agency Meeting – May 9, 2018