Archive for the "IDA" Category

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 54 downloads | Uploaded: March 25, 2021 | Modified: March 25, 2021 |

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Draft - Uniform Tax Exemption Policy (UTEP)

Download 150.47 KB 46 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 37 downloads | Uploaded: April 6, 2021 | Modified: April 6, 2021 |

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Resolution Adopting 2020 PARIS Report

Download 92.36 KB 36 downloads | Uploaded: April 6, 2021 | Modified: April 6, 2021 |

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Resolution Adopting New Uniform Tax Exemption Policy

Download 629.34 KB 40 downloads | Uploaded: April 6, 2021 | Modified: April 7, 2021 |

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Resolution Approving Hodgson Russ as Agency Counsel

Download 1.03 MB 36 downloads | Uploaded: April 6, 2021 | Modified: April 6, 2021 |

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Resolution Relating to Accountant Financial Services

Download 513.43 KB 36 downloads | Uploaded: April 6, 2021 | Modified: April 6, 2021 |

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Resolution Relating to Bank Accounts

Download 92.25 KB 37 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 33 downloads | Uploaded: April 7, 2021 | Modified: April 7, 2021 |

IDA Special Meeting – March 2, 2021

NOTICE IS HEREBY GIVEN, that a special meeting of the City of Poughkeepsie Industrial Development Agency (the “Agency”) has been scheduled for Tuesday, March 2, 2021, at 6:30 PM at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601.

PLEASE NOTE SPECIAL INSTRUCTIONS AND INFORMATION:

Given the ongoing COVID-19 public health crisis and related Executive Orders issued by Governor Andrew M. Cuomo, the Agency will not be able to accommodate any in-person public attendance or participation at this meeting.  Nonetheless, pursuant to Governor Cuomo’s Executive Order 202.1, as amended and extended from time to time, suspending the Open Meetings Law and authorizing the conduct of meetings through use of telephone conference, video conference and/or other similar service, the Agency will conduct the meeting live on an audio conference via WebEx. 

The public may view the meeting using the following link:

https://meethb.webex.com/meethb/j.php?MTID=m65b5282a16756ac516eda5cafeb669d9

This notice is given in order to comply with the Open Meetings Law

Agenda

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March 2, 2021 - Agenda

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  1. Call to order by Chairperson
  2. Roll call
  3. Approval of agenda
  4. Approval of Resolutions
    • House Beach Invoice
    • PARIS Report Retainer
    • Hiring of Legal Counsel

Industrial Development Agency Meeting – January 20, 2021

NOTICE IS HEREBY GIVEN, that a regular meeting of the City of Poughkeepsie Industrial Development Agency (the “Agency”) has been scheduled for Wednesday, January 20, 2021, at 6:30 p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd
Floor, Poughkeepsie, New York 12601.

PLEASE NOTE SPECIAL INSTRUCTIONS AND INFORMATION:
Given the ongoing COVID-19 public health crisis and related Executive Orders issued by Governor Andrew M. Cuomo, the Agency will not be able to accommodate any in-person public attendance or participation at this meeting. Nonetheless, pursuant to Governor Cuomo’s Executive Order 202.1, as amended and extended from time to time, suspending the
Open Meetings Law and authorizing the conduct of meetings through use of telephone conference, video conference and/or other similar service, the Agency will conduct the meeting live on an audio conference via WebEx.

The public may view the meeting using the following link:

https://meethb.webex.com/meethb/j.php?MTID=mc54a7b0b1deeda5260704c82b60ce359

This notice is given in order to comply with the Open Meetings Law

Agenda

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January 20, 2021 - Agenda

Download 193.09 KB 45 downloads | Uploaded: January 6, 2021 | Modified: January 6, 2021 |
  • Call to order by Chairperson
  • Roll call
  • Approval of agenda
  • Approval of minutes of previous meeting
  • General public comment
  • Performance Review for 2020
  • Financial update for full year 2020
  • Invoice payment
  • New resolutions
    • Contiguous property PILOT – property ownership
    • Developer mortgage refinancing
    • Boilerplate contract
    • Purchasing policy addition
    • Checking and savings account consolidation
    • Procedures for deposits and invoices to be paid
  • Annual resolutions  
    • Mission Statement and 2021 Overarching Goals
    • 2021 Performance Goals
    • Adoption of 2021 Budget (2021-2024)
    • Officer appointment
    • Committee Members appointment
    • Agency Policies with updates
      • Information disclosure
      • Mortgage tax exemption beyond the first time
      • Procedures for depositing checks and paying invoices
      • Resolutions above A-D that are approved
    • UTEP
    • PAAA Policies and Bylaws
    • Independent auditor appointment
  • Disclosure documents signed by Board Members
  • Outstanding Next Steps from previous meeting reviewed
  • Next Steps from January 20,2021 meeting
  • Adjourn meeting

Industrial Development Agency Meeting – December 9, 2020

NOTICE IS HEREBY GIVEN, that a regular meeting of the City of Poughkeepsie Industrial Development Agency (the “Agency”) has been scheduled for Wednesday, December 9, 2020, at 6:30 p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd
Floor, Poughkeepsie, New York 12601.

Continue reading Industrial Development Agency Meeting – December 9, 2020

Industrial Development Agency Special Meeting – November 23, 2020

NOTICE IS HEREBY GIVEN, that a special meeting of the City of Poughkeepsie Industrial Development Agency (the “Agency”) has been scheduled for Monday, November 23, 2020, at 6:30 p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601.

PLEASE NOTE SPECIAL INSTRUCTIONS AND INFORMATION:

Given the ongoing COVID-19 public health crisis and related Executive Orders issued by Governor Andrew M. Cuomo, the Agency will not be able to accommodate any in-person public attendance or participation at this meeting.  Nonetheless, pursuant to Governor Cuomo’s Executive Order 202.1, as amended and extended from time to time, suspending the Open Meetings Law and authorizing the conduct of meetings through use of telephone conference, video conference and/or other similar service, the Agency will conduct the meeting live on an audio conference via WebEx. 

The public may view the meeting using the following link:
https://meethb.webex.com/meethb/j.php?MTID=m40e40851b9af917ec35c05d8871f075d

This notice is given in order to comply with the Open Meetings Law

Cancelled: Industrial Development Agency Meeting – October 15, 2020

The IDA meeting on October 15,2020 has been cancelled.

Industrial Development Agency Comprehensive Report on Developer Tax Exemptions (September 2020 Report to City Common Council)

At the Common Council’s request, the Industrial Development Agency (IDA) conducted a comprehensive comparative review and analysis of Developer Tax Exemptions granted to development projects since the mid 1980s up until today across all types of exemption programs—IDA Payment In Lieu of Taxes (PILOT), 581-A “Like” and 485-A developer tax exemptions.The purpose of this work was to provide clarity on the effectiveness, costs, and benefits of past developer tax exemptions in order to ensure the City receives maximum benefit for investing taxpayer dollars in these programs going forward. The IDA presented the main findings of this work at the September 21, Common Council meeting. As requested at that meeting, the report on those findings is now being made available to the general public and can be found by clicking this link and downloading the report

Industrial Development Agency Meeting – August 31, 2020

PLEASE NOTE the special instructions included at the end of this notice.

NOTICE IS HEREBY GIVEN, that a regular meeting of the City of Poughkeepsie Industrial Development Agency (the “Agency”) has been scheduled for Monday, August 31, 2020, at 6:30 p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601.

PLEASE NOTE SPECIAL INSTRUCTIONS AND INFORMATION:
Given the ongoing COVID-19 public health crisis and related Executive Orders issued by Governor Andrew M. Cuomo, the Agency will not be able to accommodate any in-person public attendance or participation at this meeting. Nonetheless, pursuant to Governor Cuomo’s Executive Order 202.1, as extended most recently by Executive Order 202.48, issued on July 6, 2020, as amended and extended from time to time, suspending the Open Meetings Law and authorizing the conduct of meetings through use of telephone conference, video conference and/or other similar service, the Agency will broadcast the meeting live on an audio conference through Soundpath via conference bridge at telephone number: Toll Free Dial In 1-866-804-5312 and meeting Passcode 585-419-8653.

Industrial Development Agency Meeting – August 26, 2020

PLEASE NOTE the special instructions included at the end of this notice.

NOTICE IS HEREBY GIVEN, that a regular meeting of the City of Poughkeepsie Industrial Development Agency (the “Agency”) has been scheduled for Wednesday, August 26, 2020, at 6:30 p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601.

PLEASE NOTE SPECIAL INSTRUCTIONS AND INFORMATION:
Given the ongoing COVID-19 public health crisis and related Executive Orders issued by Governor Andrew M. Cuomo, the Agency will not be able to accommodate any in-person public attendance or participation at this meeting. Nonetheless, pursuant to Governor Cuomo’s Executive Order 202.1, as extended most recently by Executive Order 202.48, issued on July 6, 2020, as amended and extended from time to time, suspending the Open Meetings Law and authorizing the conduct of meetings through use of telephone conference, video conference and/or other similar service, the Agency will broadcast the meeting live on an audio conference through Webex via conference bridge at telephone number:

United States Toll (New York City) +1-646-992-2010 or United States Toll +1-415-655-0002 and meeting ID 385 491 83.

Cancelled: Industrial Development Agency Meeting – August 12, 2021

The August 12, 2020 IDA meeting has been cancelled.