IDA – City of Poughkeepsie Industrial Development Agency » IDA » IDA Public Hearing & Meeting – April 7, 2021

IDA Public Hearing & Meeting – April 7, 2021

Notice is hereby given that a public hearing (the “Public Hearing”) will be held by the City of Poughkeepsie Industrial Development Agency (the “Agency”) on the 7th day of April, 2021 at 6:30 o’clock, p.m. local time, in connection with the matter outlined below.  As a result of the (1) ban on large meetings or gatherings pursuant to Executive Order 202.1 issued on March 12, 2020, (2) ban on non-essential gatherings of individuals of any size for any reason pursuant to Executive Order 202.10 issued on March 23, 2020 and (3) suspension of the Open Meetings Law relating to public hearings pursuant to Executive Order 202.15 issued on April 9, 2020, each as issued by Governor Cuomo in response to the novel Coronavirus (COVID-19) pandemic, the Public Hearing will be held electronically via conference call. Members of the public may attend the Public Hearing and comment on the matter by calling (701) 802-5009, Access Code 8071415.

The Agency is reviewing its Uniform Tax Exemption Policy (the “Existing Policy”) in connection with proposed amendments to the Existing Policy, which include (A) revisions to the Basic Parameters (as defined in the Existing Policy), (B) the addition of certain conditions for obtaining a mortgage recording tax exemption, (C) the addition of events that will trigger a recapture of financial assistance provided by the Agency, (D) the requirement for applicants to submit an appraisal with their application to the Agency, and (E) the amending and restating of the Existing Policy in whole as amended (collectively, the “Amendments”) (the Existing Policy, as revised by the Amendments, being referred to as the “Draft Policy”). In connection with this review, the Agency is soliciting comments with respect to the terms and provisions of the Draft Policy.

The Agency will at said time and place hear all persons with views on the Draft Policy. Copies of the Draft Policy are available for public inspection during business hours at the offices of the Agency and on the Agency’s website at www.cityofpoughkeepsie.com. Copies of the Draft Policy will also be made available at this Public Hearing.

Additional information can be obtained from, and written comments may be addressed to: Melanie Vetter, Chairperson, City of Poughkeepsie Industrial Development Agency, 28 Garfield Place, Poughkeepsie, New York 12601; Telephone: (305) 606-4664 and electronically at [email protected].

Meeting Agenda

City of Poughkeepsie Industrial Development Agency

April 7, 2021 6:30 PM
Meeting will be held by teleconference
Call in number – (701) 802-5009 Access Code 8071415

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April 7, 2021 - Agenda

Download 192.06 KB 68 downloads | Uploaded: March 25, 2021 | Modified: March 25, 2021 |

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Draft - Uniform Tax Exemption Policy (UTEP)

Download 150.47 KB 62 downloads | Uploaded: April 7, 2021 | Modified: April 7, 2021 |

  • Call to order by Chairperson
  • Roll call
  • Approval of agenda
  • Approval of December 2020, January 2021, March 2020 minutes
  • General public comment
  • Public Hearing regarding UTEP changes
  • Resolution – Invoice payment
  • Update on Annual Fee billing
  • PARIS Report Presentation
  • 2020 Audit Presentation
  • Resolution UTEP changes
  • Resolution 2020 PARIS Report Adoption
  • Resolution 2020 Financial Audit Adoption
  • Resolution to Hire Accountant
  • Resolution to combine and move Agency checking and savings accounts
  • Resolution to amend Policies regarding IDA deposits and payment procedures
  • Resolution to hire legal counsel amended to include engagement letter
  • Next Steps
  • Adjourn Meeting

Proposed Resolutions

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Resolution Adopting 2020 Financial Audit Report

Download 92.68 KB 51 downloads | Uploaded: April 6, 2021 | Modified: April 6, 2021 |

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Resolution Adopting 2020 PARIS Report

Download 92.36 KB 48 downloads | Uploaded: April 6, 2021 | Modified: April 6, 2021 |

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Resolution Adopting New Uniform Tax Exemption Policy

Download 629.34 KB 52 downloads | Uploaded: April 6, 2021 | Modified: April 7, 2021 |

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Resolution Approving Hodgson Russ as Agency Counsel

Download 1.03 MB 49 downloads | Uploaded: April 6, 2021 | Modified: April 6, 2021 |

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Resolution Relating to Accountant Financial Services

Download 513.43 KB 48 downloads | Uploaded: April 6, 2021 | Modified: April 6, 2021 |

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Resolution Relating to Bank Accounts

Download 92.25 KB 49 downloads | Uploaded: April 6, 2021 | Modified: April 6, 2021 |

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Resolution Relating to Amendments to By-Laws and Internal Control Policy

Download 117.37 KB 45 downloads | Uploaded: April 7, 2021 | Modified: April 7, 2021 |