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Schedule of Meetings and Minutes

Schedule of Metroplex Board of Directors Meetings
All meetings begin at 6:00 p.m. in the Metroplex Office at
433 State Street, 4th Floor

2017 


January 11

February 15

March 8

April 12

May 10

June 14

July 12

August 9

September 13

October 18

November 8

December 13

 

2017 MEETING MINUTES


Schenectady Metroplex Development Authority
Board Meeting Minutes
January 11, 2017

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Karen Zalewski-Wildzunas, Neil Golub, John Mallozzi, Todd Edwards, Nancy Casso, Robert Dieterich and Paul Webster

Absent:               Bob Mantello

Others:            David Hogenkamp

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes:  A motion to approve the minutes was made by Mrs. Zalewski-Wildzunas; seconded by Mr. Golub and approved unanimously.

 2.       Treasurer’s Report: Mrs. Zalewski-Wildzunas summarized the twelve-month financial report that was distributed in advance of the meeting. Final sales tax receipts have not yet been received. Predevelopment expenses ended higher than budgeted due to higher levels of activity especially at Mohawk Harbor. Cash totaled $3.19 million. Mr. Golub moved to accept the Treasurer’s Report, seconded by Mr. Dieterich. Following discussion, the Treasurer’s Report was approved.

3.        General Electric Company Project: Resolution 1095-17 — Adopt General Project Plan

GE’s Power Division is undertaking an additional $26 million investment at Building 40, Building 5, Building 37, and Building 273. This follows GE’s $45 million investment in 2016.  A public hearing was held on January 5 and no written or oral comments were received. Resolution 1095-17 authorized an exemption from sales and use taxes associated with the renovations. Mr. Lewis moved Resolution 1095-17; seconded by Mrs. Zalewski-Wildzunas and approved following discussion.

4.       Mill Artisan District Project: Resolution 1096-17 — No Significant Effect on the Environment

Metroplex acted as lead agency and conducted a coordinated environmental review pursuant to SEQRA. The project was classified as a Type I action due to its proximity to the Stockade Historic District and adjoining historic properties. The project restores vacant, blighted and underutilized buildings for the creation of a mixed-use retail/residential district. The project overall will have a very positive impact on lower State Street and issues relating to historic preservation and environmental remediation will be addressed. The project does not result in potentially adverse environmental impacts.  Ms. Jordan moved Resolution 1096-17; seconded by Mrs. Zalewski-Wildzunas and approved.

5.       Mill Artisan District Project: Resolution 1097-17 — Adopt the General Project Plan

This transformative project on lower State Street renovates existing buildings and activates new space for locally sourced and crafted products. Metroplex’s participation will involve a $455,000 grant, sales, mortgage and real property tax exemptions. The project developer is Re4orm Real Estate LLC, an affiliate of Schenectady-based Re4orm Architecture. A public hearing was held on December 6 and the project received the support of the Schenectady Heritage Foundation. Ms. Jordan moved Resolution 1097-17; seconded by Mrs. Zalewski-Wildzunas and approved following discussion.

6.       487 Nott Street Project: Resolution 1098-17 — Hold a Public Hearing

An affiliated entity of the Galesi Group, 487 Associates, LLC, will renovate the former Nott Street School. Built in 1877, the vacant building will be converted to fifteen apartments using, in part, historic tax credits. Metroplex involvement will include a $100,000 grant, and sales, mortgage and real property tax exemptions. Mrs. Zalewski-Wildzunas moved Resolution 1079-16 that called for a public hearing; seconded by Mr. Golub. Following discussion about the redevelopment project, Resolution 1098-17 was unanimously approved.

7.       Viaport Rotterdam Development Project: Resolution 1099-17 Hold a Public Hearing

The project involves the conversion of the vacant Macy’s store at Viaport Rotterdam into a new office complex for a NYS agency housing up to 700 new employees. Resolution 1099-17 called for a public hearing about the $8.5 million renovation project.  Metroplex involvement may include a $970,000 grant and sales, mortgage and real property tax exemptions. Mr. Golub moved Resolution 1099-17; seconded by Mrs. Casso.  Following discussion, Resolution 1099-17 was approved. 

8.       Live In Schenectady Project: Resolution 1100-17 — Hold a Public Hearing

The Live In Schenectady project, also known as Villages on Barrett, assembled about 20 properties as a commercial venture that yields the construction of a combination twenty-five (25) townhouse-style and single family residences on 1.1 acres in and around Barrett Street and Huron Street in the City of Schenectady. Metroplex involvement may include sales, mortgage and partial real property tax exemptions. Resolution 1100-17 called for a public hearing. Mrs. Zalewski-Wildzunas moved Resolution 1100-17; seconded by Ms. Jordan.  Mr. Golub recused himself since he is a community investor in the redevelopment project. Following Board discussion, Resolution 1100-17 was approved. 

Public Comment: None

Board Comment: Mr. Gillen updated the board on various projects including pending grant applications for the Capital Region Land Bank, Restore NY projects, and the upcoming opening of the Rivers Casino.

Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:40 p.m.

Respectfully submitted, David Hogenkamp

Schenectady Metroplex Development Authority
Board Meeting Minutes
February 15, 2017

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Karen Zalewski-Wildzunas, Todd Edwards, Nancy Casso, and Robert Dieterich

Absent:               Neil Golub, John Mallozzi, Bob Mantello and Paul Webster 

Others:              Jayme Lahut, Jim Callander, and David Hogenkamp

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.     Approval of Minutes:  A motion to approve the minutes of the January 11, 2017 meeting was made by Mrs. Zalewski-Wildzunas; seconded by Ms. Jordan and approved.

2.     Viaport Rotterdam Project: Resolution 1101-17 — No Significant Effect on the Environment

The project renovates and converts a large portion of the vacant former Macy’s at Viaport Rotterdam to office uses.  A coordinated environmental review was undertaken with Metroplex serving as lead agency; classified the project as an Unlisted Action; and determined the project will not result in any adverse environmental impacts. Mrs. Casso moved Resolution 1101-17; seconded by Mr. Lewis and approved after discussion.

3.     Viaport Rotterdam Project: Resolution 1102-17 — Adopt the General Project Plan

Resolution 1102-17 approved Metroplex’s participation that involved a $970,000 grant and sales, mortgage and real property tax exemptions. A public hearing was held on January 25, 2017 and no comments were received. The revitalization of the former Macy’s is being led by Viaport New York, LLC and Rotterdam Ventures, Inc., an affiliated entity of the Galesi Group.  The project is budgeted at $8,515,000. Mrs. Casso moved Resolution 11102-17; seconded by Mrs. Zalewski-Wildzunas and approved following discussion.

4.     487 Nott Street Redevelopment Project: Resolution 1103-17 — No Significant Effect on the Environment

Metroplex classified the project as an Unlisted Action pursuant to SEQRA and conducted the environmental review. The review concluded that the project preserved an existing facility that is now listed on the National Register of Historic Places, will positively impact Nott Street and the neighborhood, and does not result in potentially adverse environmental effects. Ms. Jordan moved Resolution 1103-17; seconded by Mrs. Zalewski-Wildzunas and approved.

5.     487 Nott Street Redevelopment Project: Resolution 1104— Adopt General Project Plan

A public hearing was held on January 25 and no comments were received. The former Nott Street School and County DSS will be historically preserved with 15 apartments through an investment of $3 million. The project sponsor, 487 Associates, LLC, an affiliated entity of the Galesi Group applied for a $100,000 grant, sales, mortgage and real property tax exemptions. Ms. Jordan moved Resolution 1104-17; seconded by Mrs. Zalewski-Wildzunas. Following brief discussion, Resolution 1104-17 was approved.

6.     The Nott Apartment Project: Resolution 1105-17 — No Significant Effect on the Environment

Metroplex conducted the environmental review pursuant to SEQRA and classified the project as an Unlisted Action. Resolution 1105-17 stated that the project resulted in no potentially adverse environmental impacts and will have positive impacts for the Eastern Avenue corridor. Ms. Jordan moved Resolution 1105-17; seconded by Mrs. Zalewski-Wildzunas and approved.

7.     The Nott Apartment Project: Resolution 1106-17 — Adopt the General Project Plan

A public hearing was held on December 6, 2016 and no comments were received. The project adaptively reuses the long-vacant Annie Schaffer senior center and converts it to about 30 apartments by adding a third floor and giving the building a major facelift. The $5.75 million investment from 101 Nott Terrace, LLC, an affiliated entity of Rosenblum Property Services, LLC, will receive from the Capital Region Land Bank and Restore New York grants. Metroplex’s financial assistance involved a $450,000 grant, sales, mortgage and real property tax exemptions. Mr. Lewis moved Resolution 1106-17; seconded by Mrs. Zalewski-Wildzunas.  Following discussion, Resolution 1106-17 was approved. 

8.     Live In Schenectady Project: Resolution 1107-17 — No Significant Effect on the Environment

Metroplex conducted the environmental review pursuant to SEQRA and classified the project as an Unlisted Action. Resolution 1105-17 stated that the project resulted in no potentially adverse environmental impacts. Ms. Jordan moved Resolution 1107-17; seconded by Mr. Dieterich and approved.

9.     Live In Schenectady Project: Resolution 1108-17 — Adopt General Project Plan

A public hearing was held January 25 and no comments were received. Metroplex financial assistance involved sales, and real property tax exemptions. The Live in Schenectady project with many notable local investors, assembled 1.1 acres for construction of up to 25 townhouse-style and single family residences in and around Barrett and Huron Streets. Mrs. Zalewski-Wildzunas moved Resolution 1108-17; seconded by Ms. Jordan and approved.

10.    Glenville Business and Technology Park Project: Resolution 1109-17 — Hold and Public Hearing and Seek Designation as Lead Agency for Environmental Review

Resolution 1109-17 called for holding a public hearing, initiated the state-mandated process for disposition of real property for fair market value, and authorized undertaking a coordinated environmental review pursuant to SEQRA.  The Authority has developed a project in Glenville that involves acquisition of a 40-acre+/- parcel and represents significant private investment and new production jobs.  Metroplex intends to purchase the parcel from the federal General Services Administration (GSA) under terms of a negotiated sale for economic development purposes with the intention of re-selling the property.  Resolution 1109-17 was moved by Mr. Dieterich; seconded by Mr. Lewis. After discussion, Resolution 1109-17 was approved.

11.    Environment One Corporation Expansion Project: Resolution 1110-17 — Hold and Public Hearing

Environment One Corporation, a wholly-owned subsidiary of Berkshire Hathaway Inc. with 130 employees headquartered in Niskayuna proposed building a 40,000 square foot production and assembly facility for a new product line for battery technology. The project will generate 80 additional jobs. Metroplex’s financial assistance may involve sales, mortgage and real property tax exemptions. Resolution 1110-17 called for a public hearing related to the project.  Mrs. Zalewski-Wildzunas moved Resolution 1110-17; seconded by Mr. Lewis and approved.


12.    Lower State Street Sidewalk Project: Resolution 1111-17 — Adopt General Project Plan

Resolution 1111-17 allocated $390,000 for the final sidewalk and curb improvements on lower State Street between South Church Street and Washington Avenue. CHA designed the project, which will be bid shortly. Ms. Jordan moved Resolution 1111-17; seconded by Mr. Lewis and approved.

13.    Downtown Ambassadors Program: Resolution 1112-17 — Adopt General Project Plan

The program for 2017 continues support for the Ambassador services at key locations downtown throughout the year.  Metroplex’s participation involves a grant of $96,000 to the City Mission for these services.  Resolution 1112-17 was moved by Ms. Jordan; seconded by Ms. Zalewski-Wildzunas and approved.

14.    Five-Year Capital Project Plan: Resolution 1113-17 — Hold a Public Hearing

Resolution 1113-17 authorized holding a public hearing. At its February 7 meeting, the Governance Committee accepted an updated Five-Year Capital Projects Plan. The Plan is focused on Metroplex properties and assets that may require physical improvements or preservation.  Ms. Jordan moved Resolution 1113-17; seconded by Mr. Lewis and approved following discussion.

15.   Project Reconciliation and Accounting: Resolution 1114-17 — Release Unexpended Project Obligations

Resolution 1114-17 classified 11 projects as closed and recaptured $402,763 in unexpended project funds. Mrs. Zalewski-Wildzunas moved Resolution 1114-17; seconded by Ms. Jordan and approved.

16.   Project Reconciliation and Accounting: Resolution 1115-17 — Allocate Additional Funding

Resolution 1115-17 allocated $65,501 in the aggregate to 6 projects that exceeded Board authorized allocations. These projects are now closed. Resolution 1115-17 was moved by Mrs. Zalewski-Wildzunas; seconded by Ms. Jordan and approved.

Public Comment: None 

Board Comment: Mr. Gillen spoke about the opening of Rivers Casino and his annual presentation to the Schenectady County Legislature about Metroplex activities over the past year.  His presentation can be viewed on the Metroplex website.  

Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Edwards. The meeting was adjourned at 6:35 p.m. 

Respectfully submitted,

Jayme B. Lahut
Executive Director


2016 MEETING MINUTES

Schenectady Metroplex Development Authority
Board Meeting Minutes
January 20, 2016

Present:             Ray Gillen, Sharon Jordan, Robert Dieterich, Bill Chapman, Bob Mantello, Karen Zalewski-Wildzunas, Brad Lewis, and Bob Wall.

Absent:              John Mallozzi and Neil Golub

Others:              Jayme Lahut, Jim Callander David Hogenkamp and audience of 2

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Mrs. Zalewski-Wildzunas moved adoption of the December 9, 2015 meeting minutes; seconded by Ms. Jordan and approved.

2.       Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending December 31, 2016, which was distributed prior to the meeting. Final reconciliation of sales tax receipts were not completed, but preliminarily income fell slightly lower than budget, but substantially higher than 2014. Operating expenses were below budget for the year. The Predevelopment budget was higher due to increased development activities. Cash on hand totaled $5.85 million. Mr. Mantello moved to accept the Report; seconded by Mr. Lewis and approved.

3.       JMR Development Company Project: Resolution 1012-16 — Adopt General Project Plan

The $7 million project involved renovation of about 70,000 square feet of commercial space at One Liberty Square, the former Two Guys in Schenectady. The project would create 350 jobs. Resolution 1012-16 authorized exemptions on sales taxes for purchases associated with the project, mortgage recording tax exemption, and a façade grant in the amount of $50,000.  Mrs. Zalewski-Wildzunas moved Resolution 1012-16; seconded by Mr. Lewis. After discussion, Resolution 1012-16 was approved unanimously.

4.       General Electric Company Project: Resolution 1013-16 — SEQRA Review

The project involved renovation and upgrades totaling about 170,000 square feet at Buildings 43, 40 and 5 along with new parking facilities within GE Power’s downtown campus. The $44.9 million project will start right away and be completed in late 2017. Metroplex conducted an environmental review of the project pursuant to SEQRA and Resolution 1013-16 concluded that the project was an Unlisted Action with no significant effect on the environment.  Mrs. Zalewski-Wildzunas moved Resolution 1013-16; seconded by Ms. Jordan and approved.

5.       General Electric Company Project: Resolution 1014-16 — Adopt General Project Plan

Resolution 1014-16, authorizing an exemption from sales and use taxes for the project, was moved by Mr. Lewis; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 1014-16 was approved.

6.       
STS Steel, Inc.: Resolution 1015-16 — Adopt General Project Plan

As part of a reconfiguration of property lines, STS Steel and Maxon Alco Holdings, owner of the Mohawk Harbor site, facilitated a new site entrance and reduced the exposed laydown area for STS product. Keeping STS here retains 53 jobs. STS also will acquire a property on Peek Street for additional storage. Resolution 1015-16 authorized a Pilot a 4-acre leased parcel that STS uses. STS pays full taxes on its primary fabrication facility. Mrs. Zalewski-Wildzunas moved Resolution 1015-16; seconded by Mr. Lewis. Following discussion, Resolution 1015-16 was approved unanimously.

7.            Furlocity, Inc. Relocation Project: Resolution 1016-16 — Adopt the General Project Plan

The project involved Furlocity, an online marketplace enabling pet owners to search, identify, and book trusted pet boarding stays, services and hotels, relocating operations from San Diego to the NYBiz Lab at 251 State Street. Resolution 1016-15 approved a $45,000 grant toward permitted tenant improvements, relocation expenses and rental expenses. Mrs. Zalewski-Wildzunas moved Resolution 1016-16; seconded by Mr. Lewis and approved.

8.       13 State Street/YMCA Redevelopment Project: Resolution 1017-16— SEQRA Review

Norstar Development USA, a national housing developer, will purchase and adaptively reuse the former YMCA at 13 State Street for senior housing. Metroplex’s environmental review of the project characterized the project as an Unlisted Action with no significant effect on the environment. Ms. Jordan moved Resolution 1017-16; seconded by Mrs. Zalewski-Wildzunas and approved

9.         13 State Street/ YMCA Redevelopment Project: Resolution 1018-16 — Enter into Lease

The renovation of the former YMCA included 8,572 square feet of commercial space (the former gym). As part of the its financing Norstar has requested that Metroplex enter into a master lease for the space. The space can be sublet. Resolution 1018-16 authorized entering into a lease with Norstar Development USA for about $4 per square foot. Ms. Jordan moved Resolution 1018-16; seconded by Mrs. Zalewski-Wildzunas and approved after discussion.   

10.       
Downtown Parking Budget: Resolution 1019-16 — Adopt Budget

The Fiscal Audit Committee recommended approving the parking operating budget at its November 12 meeting. Parking revenues have seen a steady increase and the budget proposed a slight decline in expenses. Monthly parking passes rose by more than 11 percent in 2015 and visitor parking spoked upwards too.  Mrs. Zalewski-Wildzunas moved Resolution 1019-16; seconded by Mr. Mantello and approved. 

11.        Public Comment — Elmer Bertsch of Niskayuna commented on the Metroplex reporting and other statute-related issues.

12.        Board Comment: Mr. Gillen invited the Board to his annual report before the County Legislature on February 1.

13.        Adjournment: Mr. Wall moved to adjourn, seconded by Ms. Jordan.  The meeting was adjourned at 6:45 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
February 10, 2016

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Nancy Casso, Robert Dieterich, Todd Edwards, Neil Golub, Bob Mantello, Paul Webster, and Karen Zalewski-Wildzunas. 

Absent:              John Mallozzi

Others:           Jayme Lahut, Jim Callander, David Hogenkamp and audience of 4

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m. after introducing three recently approved Board members

1.       Approval of Minutes: Mr. Mantello moved adoption of the January 20, 2016 meeting minutes; seconded by Ms. Jordan and approved.

 2.       Treasurer’s Report: Mrs. Zalewski-Wildzunas reviewed the Treasurer’s Report for the period ending January 31, 2016, which was distributed prior to the meeting. Cash on hand totaled $6.7 million. Mr. Lewis moved to accept the Treasurer’s Report; seconded by Ms. Jordan and approved.

3.       ICPD Relocation Project: Resolution 1020-16 — Adopt General Project Plan

ICPD, a biotech company that works to improve the development and effectiveness of antibiotics, will be relocating its headquarters from Latham to downtown Schenectady.  The company will lease and fit-up 16,800 square feet of commercial space for laboratories and office in the $8 million 242 Broadway mixed-use development project. Resolution 1020-16 authorized a $95,000 grant for leasehold improvements and tenant fit-up and a sales tax exemption. Ms. Jordan moved Resolution 1020-16; seconded by Mr. Golub.  Following discussion about the company, Resolution 1020-16 was approved unanimously.

4.       Broadway Garage Lighting Project: Resolution 1021-16 — Adopt General Project Plan

The project involved installation of LED lighting fixtures in the Broadway Garage stair towers, refurbished street signs and improved LED lighting along retaining wall near the entrance. The improvements make the facility easier to locate and more identifiable along the Broadway corridor. Metroplex will also replace obsolete emergency and directional signage within the facility. The $185,000 project will be funded using 2014 bond proceeds.  Ms. Jordan moved Resolution 1021-16; seconded by Ms. Zalewski-Wildzunas and approved after brief discussion.

 5.       DSIC Support Grant (Downtown Cleanup Program): Resolution 1022-16 — Adopt General Project Plan

The action involved making a $160,650 grant in support of DSIC’s cleaning and beautification activities to keep the downtown clean, neat and safe 7-days a week.  Metroplex’s participation has remained unchanged for the last four years. DSIC has supplemented the program with additional funding from the increase in the assessments that they have experienced due to the revival of downtown. Mrs. Zalewski-Wildzunas moved Resolution 1022-16; seconded by Ms. Jordan.  Following discussion, Resolution 1022-16 was approved.

6.       
Mohawk Harbor Development Project (Strategic Economic Development): Resolution 1023-16 —Apply for Grant Funding

Resolution 1023-16 authorized Metroplex making application to National Grid’s Strategic Economic Development Program that funds certain construction-related expenses related to the Mohawk Harbor development project. Resolution 1023-16 was moved by Mr. Lewis; seconded by Mrs. Zalewski-Wildzunas. Following discussion about the progress being made at Mohawk Harbor, Resolution 1023-16 was approved.

7.       Mohawk Harbor Development Project (Urban Corridor): Resolution 1024-16 — Apply for Grant Funding

Resolution 1024-16 authorized making application to National Grid’s Urban Center and Commercial District Revitalization Program. National Grid awarded Metroplex similar grants in support of the lower Union Street and lower State Street projects last year. Metroplex acts as a conduit for the funding on behalf of Mohawk Harbor. The application is focused on energy efficient streetlighting along the main corridor of the site.  Resolution 1024-16 was moved by Mrs. Zalewski-Wildzunas; seconded by Ms. Jordan and approved.  

8.       13 State Street/ YMCA Redevelopment Project: Resolution 1025-16 — Amend the General Project Plan

Resolution 1025-16 authorized allocating $54,000 to CHA Associates for survey and design work associated with the final phase of work for the lower State Street sidewalk and lighting project. In 2014, Metroplex and the City of Schenectady shared $2.5 million in reconstructing State Street from Erie Blvd. to S. Church Street.  CHA designed the original project and has been tasked with preparing construction documents for the final block from S. Church to Washington Avenue.  Mrs. Zalewski-Wildzunas moved Resolution 1025-16; seconded by Mr. Lewis and approved.  

9.       Project Reconciliation and Accounting: Resolution 1026-16 — Release Unexpended Obligations

As part of the annual audit, Resolution 1026-16 closed 5 projects with unexpended funds of $34,497 that will be returned to the general fund for investing in more projects. Ms. Jordan moved Resolution 1026-16; seconded by Mr. Golub and approved. 

10.   Project Reconciliation and Accounting: Resolution 1027-16— Allocate Funds for Unbudgeted Project Expenditures

Resolution 1027-16 recognized budget variances totaling $28,751 on 3 closed projects due to higher than anticipated project oversight expenses and legal billings. Mr. Lewis moved Resolution 1027-16; seconded by Mrs. Zalewski-Wildzunas and approved.

11.   Public Comment — none

12.   Board Comment: Mr. Gillen invited the Board to view his annual report to the County Legislature which is posted on the Metroplex website.  Ms. Jordan reminded the board of the upcoming opening of the Phyllis Bornt Branch Library & Literacy Center located at 948 State Street.

13.   Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:35 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director


Schenectady Metroplex Development Authority
Board Meeting Minutes
March 9, 2016

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Nancy Casso, Neil Golub, Bob Mantello, and Karen Zalewski-Wildzunas. 

Absent:              John Mallozzi, Todd Edwards, Robert Dieterich, and Paul Webster 

Others:              Jayme Lahut, Jim Callander, David Hogenkamp and audience of 3

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Mr. Golub moved adoption of the February 10, 2016 meeting minutes; seconded by Ms. Jordan and approved.

2.       Treasurer’s Report: Mrs. Zalewski-Wildzunas stated that the Fiscal Audit Committee received a presentation on the Authority’s 2015 financial statements by Robert L. Kristel, CPA.  Mr. Kristel’s report was distributed to the members in advance of the meeting. Following discussion, Ms. Jordan moved to accept the Treasurer’s Report; seconded by Mr. Lewis and approved.

3.       Annual Meeting: Resolution 1028-16 — Election of Officers

Resolution 1028-16 elected Ms. Jordan as Secretary and Mrs. Zalewski-Wildzunas as Treasurer. Mr. Mantello moved Resolution 1028-16; seconded by Mr. Golub and approved.

4.       Schenectady County Visitors Agency: Resolution 1029-16 — Adopt General Project Plan

Resolution 1029-16 authorized an additional $60,000 in grant funding to be utilized for the continued promotion of Schenectady as a conference destination.  In May, the Board approved initial funding for the Schenectady County Visitors Agency.  The initial results have been very promising in attracting conferences to Schenectady, which generates additional sales tax and bed tax.  Ms. Jordan moved Resolution 1029-16; seconded by Mrs. Zalewski-Wildzunas and approved.

5.       Electric City Innovation Center Project: Resolution 1030-16 — Adopt General Project Plan

Resolution 1030-16 awarded a $60,000 grant and sales tax exemption to the Electric City Innovation Center (ECIC) for fit-up of the fourth floor of Center City as flexible, creative space for startups and entrepreneurs.  ECIC was started in 2014 by retired GE executives and is a wholly owned subsidiary of Wise Labs.  Mrs. Zalewski-Wildzunas moved Resolution 1030-16; seconded by Ms. Jordan and approved.

6.       Policy Compliance: The Authority is required annually to consider and readopt its mission statement and performance measures as well as many of its written policies. Mrs. Zalewski-Wildzunas moved the resolutions related to policy compliance as one approval; seconded by Mr. Lewis. The following resolutions and policies were approved:

Resolution 1031-16: Adopt Mission Statement and 2015 Report

Resolution 1032-16: Reauthorize Investment Policy and Adopt 2015 Report

Resolution 1033-16: Reauthorize Real Property Disposition Policy and Adopt 2015 Report

Resolution 1034-16: Reauthorize Procurement Guidelines

Resolution 1035-16: Authorize Master Goal Plan for Minority / Women-owned Business Enterprises

Resolution 1036-16: Reauthorize Guidelines for the Sale and Reporting of Bonds and Notes  


7.     
Public Comment — Bob Harvey of the Eastern Avenue Neighborhood Association in Schenectady thanked Neil Golub for his support of the litter cleanup program on Eastern Avenue and commented on the Authority’s Minority and Women-owned Goal Plan.  

Elmer Bertsch of Niskayuna commented on Metroplex reporting and other statute-related issues.

8.      Board Comment: Mr. Gillen reported on the sales tax distribution to the towns and villages, which was the highest ever in 2015.  There was also discussion about the recent opening of the Phyllis Bornt Library Branch and Literacy Center on State Street.

Adjournment: Mr. Lewis moved to adjourn, seconded by Mrs. Zalewski-Wildzunas. The meeting was adjourned at 6:30 p.m.

 

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
April 13, 2016


Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Nancy Casso, Bob Mantello, Todd Edwards, Robert Dieterich, and Paul Webster

Absent:              Neil Golub, John Mallozzi, and Karen Zalewski-Wildzunas

Others:              Jayme Lahut, Jim Callander, David Hogenkamp and audience of 3

Call to Order:    Mr. Gillen called the meeting to order at 6:20 p.m.

1.       Approval of Minutes: Ms. Jordan moved adoption of the March 9, 2016 meeting minutes; seconded by Mr. Mantello and approved.

2.       Treasurer’s Report: Jayme Lahut reported on first quarter budget report that was distributed to the members in advance of the meeting. There were no meaningful variances for the first quarter and cash on hand was $5.37 million. Mr. Dieterich moved to accept the Treasurer’s Report; seconded by Mr. Edwards and approved.

3.       2015 Audit: Resolution 1037-16 — Adopt FY-2015 Audit

The Fiscal Audit Committee met with the auditors on April 4, reviewed the FY-2015 audit and various supplemental schedules and recommended Board adoption. The Authority’s auditors, SaxBST, characterized the audit as unqualified and clean. Mr. Lewis moved Resolution 1037-16; seconded by Mr. Edwards. After brief discussion, Resolution 1037-16 was approved.

4.       Broadway Garage Lighting Project: Resolution 1038-16 — Award Electrical Contract

Seven (7) firms submitted bids with respect to LED light installation at the Broadway Garage, lighting along the nearby retaining wall at the entrance, and life/safety signs within the structure. AJ Signs of Burnt Hills was already engaged to upgrade post signs along Broadway. Staff recommended accepting Amaha Electric from Cohoes as the low bidder at $209,660. Mr. Mantello moved Resolution 1038-16; seconded by Ms. Jordan and approved.

5.       Downtown Fix-up Project: Resolution 1039-16 — Award Construction Contract

Resolution 1039-16 authorized retaining Callanan Industries Inc. as the low bidder to upgrade crosswalks, replace handicap ramps, mill and pave the intersection near Pinhead Susan’s, and replace sidewalks near the Broadway Garage. Callanan’s was the only bid submitted, and it totaled $106,500. The sidewalk price was $20,000 below the engineer’s estimate and the crosswalk work was slightly above, but the overall bid was below budget estimates.  Ms. Jordan moved Resolution 1039-16; seconded by Mr. Lewis and approved.

6.       803 Eastern Avenue Property: Resolution 1040-16 Convey Real Property to the Schenectady Land Bank

Resolution 1040-16 authorized selling 803 Eastern Avenue, the former Kilgore’s Tavern, to the Schenectady Land Bank for nominal consideration. The building was demolished so the vacant site totals about 3,200 square feet. A recent appraisal commissioned by Metroplex valued the lot at $4,800. In making this authorization, Metroplex must follow the requirements contained in its Real Property Disposition Policy and ABO statutory mandates. Ms. Jordan moved Resolution 1040-16; seconded by Mr. Webster and approved.

7.       13 State Street / YMCA Redevelopment Project: Resolution 1041-16 — Adopt the General Project Plan

Because of the timing of the project closing and construction starting in May, the IDA Pilot does not begin until 2017 causing a gap year. Metroplex’s participation involves making a one year Metroplex Pilot with a payment of $25,000. When the IDA Pilot starts next year, the Pilot will generate $1.5 million in payments to the City, County and Schenectady City School District. Payments start at $37,000 and increase 2 percent per year over the life of the IDA Pilot. Since the former YMCA was opened in 1926 providing housing and fitness facilities, real property taxes were never paid on this property. Resolution 1041-16 was moved by Ms. Jordan; seconded by Mr. Lewis and approved.

8.       Mohawk Harbor Office Building: Resolution 1042-16 — Hold a Public Hearing

Resolution 1042-16 authorized holding a public hearing for the Harbor Center office building project to be constructed at Mohawk Harbor. The $25 million project will total 65,000 square feet with ground floor retail and commercial offices on the upper floors. The ground floor space can be partitioned into separate storefronts with about 21,800 square feet in total. Metroplex’s participation would involve standard financial assistance, which requires holding the statutorily mandated public hearing. Resolution 1042-16 was moved by Ms. Jordan; seconded by Mr. Mantello and approved.

9.       Downtown Ambassador Program: Resolution 1043-16 — Adopt the General Project Plan

Resolution 1043-16 awarded a grant of up to $75,000 to the City Mission for its Downtown Ambassador program. The Metroplex support supplements funding from Proctors and MVP and expands the Ambassador footprint to include Metroplex parking facilities and Union Street and lower State Street.  Mr. Webster moved Resolution 1043-16; seconded by Mr. Mantello.  Following discussion, Resolution 1043-16 was approved.

10.     Public Comment: None

11.     Board Comment: Mr. Gillen gave an update on the Draper Lofts and Curry Road Plaza projects in Rotterdam and other projects in Glenville.

Adjournment: Mr. Webster moved to adjourn, seconded by Mr. Mantello. The meeting was adjourned at 7:00 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
May 11, 2016

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Karen Zalewski-Wildzunas, Bob Mantello, Todd Edwards, Neil Golub, Nancy Casso and Paul Webster 

Absent:              John Mallozzi, and Robert Dieterich

Others:              Jim Callander, David Hogenkamp and audience of 3

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Ms. Jordan moved adoption of the April 13, 2016 meeting minutes; seconded by Mr. Lewis and approved.

2.       Treasurer’s Report: Jim Callander indicated there was little variance in the operating expenses or income through the first four months of the year and cash on hand was $4.93 million.  Mr. Golub moved to accept the Treasurer’s Report; seconded by Ms. Jordan and approved.

3.       Harbor Center Office Building: Resolution 1044-16 — Adopt General Project Plan

The Harbor Center project involved construction of a 65,800 square foot commercial building with first floor retail and underground and surface parking.  A public hearing was held on the project May 5, 2016 and no written or oral comments were received.  Resolution 1044-16 approved a 485 B Pilot that requires the developer to pay 50% of the property taxes in year one increasing 5% each year until year ten when full value is reached. This is consistent with City policies regarding new commercial buildings.  Mr. Mantello moved Resolution 1044-16; seconded by Mr. Webster. Following discussion, Resolution 1044-16 was approved.

4.       Curry Road Shopping Plaza Project: Resolution 1045-16 — Hold Public Hearing

Resolution 1045-16 authorized holding a public hearing for the redevelopment of the vacant and blighted Curry Road Plaza in Rotterdam. The development team has been enhanced with an additional investor, Richbell Capital. Metroplex participation will involve a dollar-for-dollar grant for asbestos abatement and demolition of the existing plaza not to exceed $350,000.  Plans call for building 208 market-rate apartments, clubhouse, and redevelopment of the front portion of the site from commercial and retail use in a $20 million plus investment. Mr. Lewis moved Resolution 1045-16; seconded by Mrs. Zalewski-Wildzunas and approved.


5.       Draper Lofts Project: Resolution 1046-16 — Amend General Project Plan

Resolution 1046-16 amended the original general project plan to increase the grant by $75,000 for additional façade and landscaping improvements.  The $13 million project represents a significant investment in the long vacant school. Mrs. Zalewski-Wildzunas moved Resolution 1046-16; seconded by Mr. Golub.  Following discussion, Resolution 1046-16 was approved.

 6.       Laz Parking Contract: Resolution 1047-16 Contract Extension

Resolution 1047-16 authorized a two-year contract extension with Laz Parking, which is contained in the 2011 Board-approved agreement. Laz Parking has been Metroplex’s parking manager since 2005 having qualified through two separate procurement processes.  Mr. Golub moved Resolution 1047-16; seconded by Ms. Jordan. After brief discussion, Resolution 1047-16 was approved.


7.       FY2016 Predevelopment Budget Project: Resolution 1048-16 — Supplement Budget

Resolution 1048-16 supplemented the FY-2016 Pre-development Budget with an additional $225,000.  With Metroplex playing a meaningful role with project coordination and technical assistance of the Mohawk Harbor project, the Fiscal Audit Committee recommended making adequate resources available so the project continues to be developed on time and within budget. Resolution 1048-16 was moved by Ms. Jordan; seconded by Mrs. Zalewski-Wildzunas and following discussion was approved.


8.       848 Eastern Avenue Project: Resolution 1049-16 — Adopt General Project Plan

The project involved the rehabilitation of the 5,700 square foot former Copper Keg bar at 848 Eastern Avenue. Metroplex participation involved a dollar-for-dollar matching $12,000 grant to the Land Bank for asbestos abatement and $20,000 matching grant to the future owner, Dr. Karimi Hakak, to complete façade improvements. Plans call for conversion to art studios and café. Resolution 1049-16 was moved by Ms. Jordan; seconded by Mrs. Zalewski-Wildzunas. Following discussion about activities on Eastern Avenue, the resolution was approved.

Public Comment:        None

Board Comment: Mr. Gillen noted that over $66 million of new investment in the County was approved at the meeting tonight. He also updated the Board on several projects including the JLA Apartments on Albany Street, Mohawk Harbor and the train station.

Adjournment: Mr. Webster moved to adjourn, seconded by Mr. Mantello. The meeting was adjourned at 7:00 p.m.

Respectfully submitted,

David Hogenkamp
Project Director


Schenectady Metroplex Development Authority
Board Meeting Minutes
June 22, 2016

Present:             Ray Gillen, Brad Lewis, Karen Zalewski-Wildzunas, Todd Edwards, Nancy Casso, Robert Dieterich, Neil Golub and Paul Webster

Absent:              Sharon Jordan, Bob Mantello and John Mallozzi

Others:           Jayme Lahut, and David Hogenkamp

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Mr. Dieterich moved adoption of the June 22, 2016 meeting minutes; seconded by Mr. Lewis and approved unanimously.

2.       
Treasurer’s Report: Ms. Zalewski-Wildzunas indicated that through July 31, 2016 sales tax revenue was tracking to last year’s results but slightly under budget. Operating expenses were on budget and the predevelopment expenses were $319,475. Cash on hand was $5.17 million. Mr. Golub moved to accept the Treasurer’s Report; seconded by Mr. Lewis and approved.

3.       Convey Property to Amtrak at 320 Liberty Street: Resolution 1053-16 — Amend  General Project Plan

Resolution 1053-16 authorized Metroplex to sell a small portion of land surrounding the Amtrak Station at the State and Erie Parking Lot to allow for the development of the new station.  The land is being sold for nominal consideration and is slightly larger than the parcel the board considered in 2015.  Mr. Gillen indicated that the NYS Department of Transportation has split the construction project into two contracts, one focused on viaduct improvements and the other on the building project.  Ms. Zalewski-Wildzunas moved Resolution 1053-16; seconded by Mr. Lewis. Following discussion, Resolution 1053-16 was approved.

4.       Mohawk Harbor Infrastructure: Resolution 1062-16 — Amend General Project Plan

The Galesi Group has invested over $52 million dollars in infrastructure improvements on te Mohawk Harbor site including new public sewer and water, roads and sidewalks, and extensive National Grid improvements to the electrical grid and the gas infrastructure.  The amendment to the project provided the mortgage tax benefit which assists the developer with the closing costs on the financing for the project.  Mr. Gillen stated that the site has already paid over $6.5 million to the City and County year to date despite no revenue being generated yet for the developers.  Ms. Zalewski-Wildzunas moved Resolution 1062-16; seconded by Mr. Golub and approved following brief discussion.

5.       3 State Street Apartment Project: Resolution 1063-16 — Designation of SEQRA Lead Agency

The project will be a historic renovation of the long vacant 5-story building as 9 apartments.  The developer CK2 Properties, LLC is an experienced team and the total investment is estimated at $2.1 million. This renovation adds to the list of over 30 historic properties that Metroplex has worked on to preserve the historic fabric of the community. Resolution 1063-16 authorized Metroplex to serve as lead agency for the purposes of the SEQRA review.  Ms. Zalewski-Wildzunas moved Resolution 1063-16; seconded by Mr. Lewis and approved.

6.       508 Union Street Renovation Project: Resolution 1064-16 Adopt the General Project Plan

The former Wemple and Daly Law Firm building at 508 Union Street has stood vacant for over five years.  The building is considered a contributing historic building in the Lower Union Street Historic District and is eligible for preservation tax credits.  The development team of John and Paul Bonacquisti and Tony Ward purchased the building from the City of Schenectady following a tax foreclosure and are prepared to make an investment of $540,000 to renovate the building as either office or mixed-use space.  Resolution 1064-16 awarded a $60,000 renovation grant.  Ms. Zalewski-Wildzunas moved Resolution 1064-16; seconded by Mr. Lewis and approved.

7.       Downtown Parking Project: Resolution 1065-16 — Amend Parking Lease

The New York State Office of General Services (OGS) has approached Metroplex to increase available parking spaces for 35 additional employees in downtown from the Office of Children and Family Services.  Resolution 1065-16 allows the Authority to negotiate with OGS and the owner of the One Broadway Center to expand the number of parking spaces available for the new employees.  Resolution 1065-16 was moved by Mr. Golub; seconded by Mr. Dieterich and approved.

8.       Gateway Park Project: Resolution 1066-16 —No Significant Effect on the Environment

The City of Schenectady and the Authority began working on a redesign and expansion of the.1-acre Liberty Park in 2012.  The City has since been awarded a $400,000 construction grant from NYS Park and $974,000 from the Federal Emergency Management Administration (FEMA) to acquire flood damaged buildings, including the Authority-owned 10 State Street and 112 Railroad Street, and demolish the buildings for use of the land as greenspace.  The Authority served as Lead Agency for the purposes of the SEQRA review and it was determined that the project was a Type I action due to the proximity to multiple historic resources but that the project has no significant effect on the environment.  Resolution 1066-16 was moved by Ms. Zalewski-Wildzunas; seconded by Mr. Lewis and approved.

9.       Gateway Park Project: Resolution 1067-16 — Adopt the General Project Plan

Resolution 1067-16 authorized a $237,000 grant to the City of Schenectady for the purposes of designing and constructing Phase I of the Gateway Park Project; and the sale of Authority owned properties located at 10 State Street and 112 Railroad Street in the City of Schenectady for $138,000.  The purchase price was determined by will be reimbursed to the City by FEMA.  Ms. Zalewski-Wildzunas moved Resolution 1067-16; seconded by Mr. Lewis and approved.

Public Comment: None

Board Comment: Mr. Gillen briefed the board on applications submitted to the New York State through the Consolidated Funding Application.  Mr. Golub updated the board on the Live in Schenectady housing project, to be named the Villages on Barrett. 

Adjournment: Mr. Golub moved to adjourn, seconded by Mr. Edwards. The meeting was adjourned at 6:55 p.m.

Respectfully submitted, 

Jayme Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
August 10, 2016

Present:             Ray Gillen, Brad Lewis, Karen Zalewski-Wildzunas, Todd Edwards, Nancy Casso, Robert Dieterich, Neil Golub and Paul Webster

Absent:              Sharon Jordan, Bob Mantello and John Mallozzi

Others:           Jayme Lahut and David Hogenkamp

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Mr. Dieterich moved adoption of the June 22, 2016 meeting minutes; seconded by Mr. Lewis and approved unanimously.

2.       Treasurer’s Report: Mrs. Zalewski-Wildzunas indicated that through July 31, 2016 sales tax revenue was tracking close to last year’s results. Both operating and predevelopment expenses were within budget. Cash on hand stood at $5.17 million. Mr. Golub moved to accept the Treasurer’s Report; seconded by Mr. Lewis and approved.

3.       Convey Property to Amtrak: Resolution 1053-16 — Amend the General Project Plan

Resolution 1053-16 authorized conveying a 4,875 square foot piece of land that allows for expanding the Amtrak Station footprint at the State-Erie parking lot. The land, appraised at $39,000, would be sold for nominal consideration. Mrs. Zalewski-Wildzunas moved Resolution 1053-16; seconded by Mr. Lewis. Following an update and discussion on project status, Resolution 1053-16 was approved.

4.       Mohawk Harbor Infrastructure: Resolution 1062-16 — Amend General Project Plan

With approximately $52 million investment in infrastructure improvements throughout the Mohawk Harbor site, the developer requested a mortgage tax exemption on its $20 million financing through M&T Bank. Mrs. Zalewski-Wildzunas moved Resolution 1062-16; seconded by Mr. Golub. Following and update on the various construction projects underway and fees and taxes paid this year to the City and County in excess of $6.5 million, Resolution 1062-16 was approved.

5.       3 State Street Apartment Project: Resolution 1063-16 — Designate SEQRA Lead Agency

Resolution 1063-16 authorized Metroplex seeking designation as lead agency for the project. The project was classified as Type I, requiring a coordinated review under SEQRA, because of the project’s proximity to historic structures. The developers are also seeking to designate the project on the register of historic places. Built in 1903, the Alexandra Apartments is targeted for a significant renovation in the long vacant 5-story building. Total investment is estimated at $2.1 million. Mr. Lewis moved Resolution 1063-16; seconded by Mr. Golub. Following discussion, the resolution was unanimously approved.

6.       508 Union Street Project: Resolution 1064-16 Adopt the General Project Plan

Vacant for the past five years, the former Wemple and Daly law firm building at 508 Union Street is considered a contributing historic structure within the Union Street Historic District and eligible for historic preservation tax credits. The development team of John and Paul Bonacquisti and Tony Ward purchased the building from the City of Schenectady following a tax foreclosure and will invest $540,000 to renovate and restore the building. Metroplex financial assistance included a $60,000 renovation grant. Mrs. Zalewski-Wildzunas moved Resolution 1064-16; seconded by Mr. Lewis and approved.

7.       Downtown Parking Project: Resolution 1065-16 — Amend Parking Lease

The New York State Office of General Services (OGS) has approached Metroplex to increase available parking spaces for 35 additional employees in downtown from the Office of Children and Family Services. Resolution 1065-16 authorized a parking agreement to accommodate the addition of more State employees in downtown Schenectady. Resolution 1065-16 was moved by Mr. Golub; seconded by Mr. Dieterich and approved.

8.       Gateway Park Project: Resolution 1066-16 —No Significant Effect on the Environment

Metroplex served as SEQRA lead agency when it was determined that the project was classified as Type I action due to the proximity to historic structures on lower State Street. The City formulated a master plan for redesigning and expanding Liberty Park in 2012. SEQR and the plan addressed the propensity for flooding. Resolution 1066-16 was moved by Mrs. Zalewski-Wildzunas; seconded by Mr. Lewis and approved.

9.       Gateway Park Project: Resolution 1067-16 — Adopt the General Project Plan

Resolution 1067-16 authorized a $237,000 grant to the City of Schenectady for designing and constructing Phase I of the Gateway Park project. The resolution also approved the sale of Authority-owned properties located at 10 State Street and 112 Railroad Street for $138,000. Mrs. Zalewski-Wildzunas moved Resolution 1067-16; seconded by Mr. Lewis and approved.

Public Comment: None

Board Comment: Mr. Gillen briefed the board on various projects. 

Adjournment: Mr. Golub moved to adjourn, seconded by Mr. Edwards. The meeting was adjourned at 6:45 p.m.

Respectfully submitted,
Jayme Lahut

Schenectady Metroplex Development Authority
Board Meeting Minutes
September 14, 2016

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Karen Zalewski-Wildzunas, Todd Edwards, Nancy Casso,
Neil Golub, John Mallozzi, and Paul Webster

 Others:          Jayme Lahut, David Hogenkamp and an audience of 2

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Mr. Golub moved adoption of the August 10, 2016 meeting minutes; seconded by Mrs. Zalewski-Wildzunas and approved unanimously.

2.       Treasurer’s Report: Mrs. Zalewski-Wildzunas indicated that through August 31, 2016 operating expenses were within budget while income was slightly lower than forecast.  Predevelopment expenses remained within budget while cash on hand was reported at $3.78 million. Mr. Lewis moved to accept the Treasurer’s Report, seconded by Ms. Jordan and approved.

3.       3 State Street Apartment Project: Resolution 1068-16 — SEQRA No Significant Impact

Metroplex acted as lead agency and undertook a coordinated environmental review of the project. The project will have no negative effects on the environment and the renovation of a long-vacant structure and placement on the federal Historic Register is very positive.  Resolution 1068-16 was moved by Mrs. Zalewski-Wildzunas; seconded by Mr. Lewis and approved.

4.       3 State Street Apartment Project: Resolution 1069-16 — Adopt General Project Plan

The former Alexandra Apartments will be renovated following years of vacancy with total investment at $2.1 million. Metroplex’s participation involved a $100,000 grant and related financial assistance. Ms. Jordan moved Resolution 1069-16, seconded by Mrs. Zalewski-Wildzunas. Following discussion, the resolution was unanimously approved.

5.       219 Nott Terrace Project: Resolution 1070-16 Amend the General Project Plan

Resolution 1070-16 allocated an additional $36,000 for asbestos abatement, demolition and site preparation.  Metroplex purchased the property in June. With the allocation of funds, Metroplex can proceed with demolition, grading, seeding and securing the site. Mr. Golub moved Resolution 1070-16, seconded by Mr. Lewis and approved.

6.       219 Nott Terrace Project: Resolution 1071-16 — Award Demolition Contract

Resolution 1071-16 awarded Dan’s Hauling & Demo, Inc. as the lowest qualified bidder to remove asbestos and demolish 219 Nott Terrace. The low bid was $34,800 among three bidders. Resolution 1071-16 was moved by Ms. Jordan, seconded by Mr. Golub and approved.

7.       Rotterdam Corporate Park Project: Resolution 1072-16 —Amend General Project Plan

Resolution 1072-16 modified the payment-in-lieu-of-tax agreement that was authorized last year.  The change accommodated a new tenant, American Medical Depot, a large diversified healthcare products distributor. To support the company’s expansion to the northeast US market, the first two years of the Pilot was reduced to land-only payments and exempted special district charges, then back to the original payment structure.  Resolution 1072-16 was moved by Mr. Mallozzi, seconded by Mrs. Casso and approved.

8.       Mohawk Harbor Arboretum: Resolution 1073-16 — Adopt the General Project Plan

MiSci was awarded a New York State grant of $100,000 for design, installation and operation of the New York Arboretum at Mohawk Harbor, an outdoor showcasing of trees and plants native to New York State. Resolution 1073-16 approved making progress payments to MiSci, which will be repaid to Metroplex by the state grant. An additional $20,000 was allotted for plantings in the new Erie Boulevard roundabout. Mrs. Zalewski-Wildzunas made a motion to move Resolution 1073-16, seconded by Ms. Jordan and approved with Mr. Lewis recusing from the vote given his position on the City’s Planning Commission.

9.       Beekman 1802 Project: Resolution 1074-16 — Adopt the General Project Plan

Beekman 1802 selected the Electric City Innovation Center at 433 State Street as the new headquarters for the company that is internationally recognized with its own TV show, bestselling cookbook, retail website and tourism destination in Sharon Springs. Resolution 1074-16 approved a grant of $72,000 for tenant improvements, rent subsidy and/or relocation expenses. Mrs. Zalewski-Wildzunas moved Resolution 1074-16, seconded by Mr. Lewis and approved.

10.   Proctors Theatre Refinancing: Resolution 1075-16 — Adopt the General Project Plan

Resolution 1075-16 approved mortgage recording tax exemption related to Proctors refinanced debt with Pioneer Bank. Resolution 1075-16 was moved by Ms. Jordan, seconded by Mr. Golub and approved.

11.   Mohawk Harbor Townhouse Project: Resolution 1076-16 — Hold a Public Hearing

Resolution 1076-15 authorized holding a public hearing for the construction of a $9.2 million, 3-story, 15-unit townhouse located at Lot #4 at Mohawk Harbor. Prestige Parkway Properties, LLC, an affiliated entity of the Galesi Group, has applied for Metroplex financial assistance. Resolution 1076-15 was moved by Ms. Jordan, seconded by Mr. Golub. Following discussion, Resolution 1076-16 was approved.

Public Comment: None

Board Comment: Mr. Gillen briefed the board on various projects.  Mr. Golub commented on traffic flow and speed near the new Erie Blvd roundabout.  Mr. Webster discussed the on-going efforts with respect Section 3 participation at the JLA Apartments construction project.

Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:30 p.m. 

Respectfully submitted,

Jayme B. Lahut
Executive Director

Jayme Lahut

Schenectady Metroplex Development Authority
Board Meeting Minutes
November 9, 2016

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Karen Zalewski-Wildzunas, Neil Golub, and Paul Webster

Absent:              John Mallozzi, Todd Edwards, Nancy Casso, Robert Dieterich and Bob Mantello

Others:           Jayme Lahut and David Hogenkamp

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Mr. Golub moved adoption of the September 14, 2016 meeting minutes; seconded by Mr. Webster and approved unanimously.

2.       Treasurer’s Report: Mrs. Zalewski-Wildzunas summarized the financial report that was distributed in advance of the meeting. Income was now ahead of budget due to rising sales tax receipts and operating expenses were within budget. Predevelopment expenses were running higher than budgeted due to higher levels of activities, which the Fiscal Audit Committee was tracking. Cash on hand stood at $2.37 million. Mr. Golub moved to accept the Treasurer’s Report, seconded by Mr. Lewis and approved.

3.       JMR Development Company Project: Resolution 1077-16 — Amend General Project Plan

Bechtel Marine Propulsion Corporation was recently identified as the tenant occupying 73,000 square feet in the former Two Guys building at 600 Liberty Street. The project adds 350 jobs and costs $5.9 million. The project also triggers a steep increase in Pilot payments. In January, the Board approved a smaller grant but due to the scale of the fit-up, Resolution 1077-16 increased the grant to $175,000. Mrs. Zalewski-Wildzunas moved Resolution 1077-16; seconded by Mr. Lewis and approved following discussion.

4.       Mohawk Harbor Townhouse Project: Resolution 1078-16 — Adopt General Project Plan

A public hearing was held on October 27 and no written or oral comments were received. Resolution 1078-16 authorized an exemption from sales and mortgage recording taxes. The project budget of $9.2 million established 15 townhouse or condominium units located at the northwestern portion of the site along the Mohawk River.  Resolution 1078-16 was moved by Mr. Lewis; seconded by Mr. Webster and approved following discussion.

5.       Downtown Parking Project/ Weigh Station Roof Project: Resolution 1079-16 — Award Contract

The roof replacement project is needed to keep the historic structure dry and allow for future restoration and preservation. Metroplex competitively bid the work, which Mid-State Industries (Schenectady) posted the lowest qualified bid at $210,600. Resolution 1079-16 awarded the contract to Mid-State Industries. Mrs. Zalewski-Wildzunas moved Resolution 1079-16; seconded by Ms. Jordan. Discussion followed about the project, downtown parking, and the new lighting improvements in and around the Broadway Garage. Resolution 1079-16 was unanimously approved.

6.       SMJ Realty/ River Street Apartment Project: Resolution 1080-16 Adopt General Project Plan

Resolution 1080-16 approved a $25,000 grant as part of a $500,000 renovation of a six-unit apartment building near the Rivers Casino at 4-6 River Street. The developer previously renovated the former MVP Building on Liberty Street. Mr. Lewis moved Resolution 1080-16, seconded by Mrs. Zalewski-Wildzunas and approved.

7.       Mill Artisan District Project: Resolution 1081-16 — Hold a Public Hearing

Resolution 1081-16 authorized a public hearing on the Mill Artisan District project. Metroplex has been working with the development arm of Reform Architecture for the purchase and renovation of vacant or underutilized buildings on the 100-block of State Street, South Church Street and Mill Lane. The adaptive reuse project is focused on ground floor retail for artisan businesses, as well as artist lofts and creative economy businesses on upper floors.  A New York State CFA grant request is pending.  Mrs. Zalewski-Wildzunas moved Resolution 1081-16; seconded by Mr. Lewis and approved. 

8.       Mill Artisan District Project: Resolution 1082-16 —SEQRA Lead Agency Designation

Resolution 1082-16 authorized Metroplex requesting to act as lead agency for the project. The project is classified as a Type 1 action due to the proximity of the project to historic properties and the Stockade District. Mr. Webster moved Resolution 1082-16; seconded by Mrs. Zalewski-Wildzunas and approved.

9.       Community Builders Housing: Resolution 1083-16 — Adopt the General Project Plan

Resolution 1083-16 approved financial assistance for an ambitious project that involves the purchase of 11 vacant and blighted properties and conversion 58-units of affordable housing. Financing for the residential component of the project has been committed. Metroplex participation involved a $75,000 grant to assist with the purchase of the former Craig Street School and allotting $150,000 as a 5-year lease guaranty dedicated to transforming the first floor of the former Horace Mann School as artisan makerspace operated by the Albany Barn as art incubator space. Mrs. Jordan moved Resolution 1083-16, seconded by Mrs. Zalewski-Wildzunas and approved following discussion.

10.   108 Union Street Project: Resolution 1084-16 — Adopt the General Project Plan

Resolution 1084-16 allocated a $75,000 grant for the renovation and adaptive reuse of the former Schenectady County Courthouse at 108 Union Street, a property dating back to the 1830’s by local developer Reza Mahoutchian. The project will create 9 market-rate apartments, primarily 2-bedroom units, and art gallery space totaling 3,600 square feet.  Mrs. Zalewski-Wildzunas moved Resolution 1084-16; seconded by Mr. Lewis and approved.

11.   101 Nott Terrace Redevelopment Project: Resolution 1085-16 — Hold a Public Hearing

Resolution 1085-16 authorized holding a public hearing related to the redevelopment of the long-vacant former Annie Schaffer Senior Center at the corner of Nott Terrace and Eastern Avenue. Rosenblum Property Services, LLC, an affiliated company of the Albany based Rosenblum Companies has proposed converting the building to residential uses, adding a third floor and establishing 30 market-rate apartments. Resolution 1085-16 was moved by Ms. Jordan, seconded by Mr. Lewis and approved following discussion.

12.        101 Nott Terrace Redevelopment Project: Resolution 1086-16 — MOU with the City of Schenectady

The City of Schenectady applied for economic development funding for the fourth round of the Restore New York program. Resolution 1086-16 authorized a Memorandum of Understanding that allows Metroplex to manage the grant on the City’s behalf and coordinate redevelopment of 101 Nott Terrace with the Rosenblum Companies. Ms. Jordan made a motion to approve Resolution 1086-16; seconded by Mr. Lewis. Resolution 1086-16 was approved following discussion.

Public Comment: None

Board Comment: Mr. Gillen summarized the meeting by noting that the Board had considered over $37 million in new investment that will redevelop nine vacant buildings and build four new structures. If the CFA and Restore NY applications are successful, this will result in $57 million in investment, 16 building rehabilitated, and four new buildings. 

Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:45 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
December 14, 2016


Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Karen Zalewski-Wildzunas, Nancy Casso, Neil Golub, Todd Edwards, John Mallozzi, and Paul Webster

Absent:              Robert Dieterich and Bob Mantello 

Others:           Jayme Lahut, Jim Callander and David Hogenkamp

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Mr. Golub moved adoption of the November 9, 2016 meeting minutes; seconded by Ms. Jordan and approved unanimously.

2.       Treasurer’s Report: Mrs. Zalewski-Wildzunas summarized the financial report that was distributed in advance of the meeting. Income was ahead of budget by about $155,000 and operating expenses were within budget. Cash on hand stood at $3.07 million. Mr. Lewis moved to accept the Treasurer’s Report, seconded by Mr. Golub and approved.

3.       Town of Duanesburg Wastewater Project: Resolution 1087-16 — Adopt the General Project Plan

Resolution 1087-16 awarded a $156,000 grant to the town of Duanesburg in support of an expansion of its sanitary sewer district in the hamlet of Duanesburg. Metroplex’s participation would extend the service to commercially-zoned areas near I-88. The Town already secured funding for the $3 million project. Mrs. Zalewski-Wildzunas moved Resolution 1087-16; seconded by Mr. Lewis and approved following discussion.

4.       Harbor Center Office Building / Courtyard by Marriott Projects: Resolution 1088-16— Amend the General Project Plan

The resolution structures the payment-in-lieu-of-tax structure for two projects in Mohawk Harbor in support of tax payments and infrastructure costs. Resolution 1088-16 was moved by Mrs. Zalewski-Wildzunas; seconded by Mr. Lewis. Following discussion, Resolution 1088-16 was unanimously approved.

5.            839 Eastern Avenue: Resolution 1089-16 — Hold a Public Hearing

Resolution 1089-16 commenced an eminent domain proceeding pursuant to the Metroplex statute on 839 Eastern Avenue. After two years of negotiations with the owner, lender, bankruptcy trustee, and prior Metroplex commitment to purchase the property, there has been insufficient progress securing site control on this prototypical “zombie” property. The resolution afforded another approach to site control. Mrs. Zalewski-Wildzunas moved Resolution 1089-16; seconded by Ms. Jordan. Discussion followed. Resolution 1089-16 was approved.

6.       General Electric Company Project: 1090-16 — Hold a Public Hearing

The project calls for renovation and upgrades at Buildings 43, 40 and 5 along with Building 273. The $26 million project will start in 2017. Resolution 1090-16 called for holding a public hearing on the sales tax exemption request. Mrs. Zalewski-Wildzunas moved Resolution 1090-16; seconded by Mr. Lewis and approved.

7.       Community Builders Housing Project: Resolution 1091-16 — Amend the General Project Plan

Resolution 1091-16 authorized an interim two-month payment-in-lieu-of-tax agreement until March 1, 2017.  Ms. Jordan moved Resolution 1091-16; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 1091-16 was approved. 

8.       FY-2017 Budget: Resolution 1092-16 — Adopt Fiscal Year 2017 Budge

The Fiscal Audit Committee reviewed and recommended adoption of the 2017 budget. Due to accelerating sales tax receipts, discretionary cash for projects will rise to about $2 million for 2017. Mrs. Zalewski-Wildzunas moved Resolution 1092-16; seconded by Mr. Webster and approved.

9.       Downtown Parking Project: Resolution 1093-16 — Adopt FY-2017 Parking Budget

The Fiscal Audit Committee recommended approving the parking operating budget at its October 27 meeting. Parking revenues have seen a steady increase and the budget proposed a slight decline in expenses.  Mrs. Zalewski-Wildzunas moved Resolution 1093-16; seconded by Mr. Edwards and approved. 

10.        Downtown Parking Project:  Resolution 1094-16 — Parking Facilities Contract

Resolution 1094-16 awarded a one-year contract to Bargstedt Enterprises LLC, the successor to Rich Pachucki Trucking. With Mr. Pachucki’s passing in October, this firm will maintain the parking facilities during the winter. Ms. Jordan moved Resolution 1094-16; seconded by Mrs. Zalewski-Wildzunas and approved.

Public Comment: None

Board Comment: Mr. Gillen summarized the recent State CFA economic development awards.

Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:35 p.m.

Respectfully submitted,

 

Jayme B. Lahut
Executive Director

2015 MEETING MINUTES

Schenectady Metroplex Development Authority
Board Meeting Minutes
January 14, 2015

Present:            
Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Bill Chapman, Bob Mantello and John Mallozzi 

Absent:              Neil Golub and Karen Zalewski-Wildzunas

Others:           Jayme Lahut, David Hogenkamp and an audience of 2

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Ms. Jordan moved adoption of the October 22, 2014 meeting minutes; seconded by Mr. Chapman and approved.

2.       Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the 12-month period ending December 31, 2014, which was distributed prior to the meeting. Revenues ended ahead of budget for the year because of strong countywide sales tax receipts. Operating expenses ended within budget while the predevelopment expenses stabilized through the end of the calendar year. Cash on hand totaled $8.7 million. Following brief discussion, Mr. Mantello moved to accept the Treasurer’s Report; seconded by Mr. Lewis and approved.

3.       Curry Road Shopping Plaza Project: Resolution 930-15 — Adopt the General Project Plan

Resolution 930-15 authorized making a $350,000 grant for site improvements, demolition and related costs to redevelop the blighted Curry Road Plaza in the Town of Rotterdam. Plans call for a large scale senior housing project, retail and green space with walking paths. Metroplex’s environmental review followed Town Board’s determination of no significant effect on the environment. Mr. Mallozzi moved Resolution 930-15; seconded by Mr. Mantello. Following discussion, Resolution 930-15 was approved.

4.       Downtown Parking Project: Resolution 931-15 — Replace and Upgrade Security Cameras

Resolution 931-15 allocated $105,000 to replace most security cameras in the Metroplex parking system with high definition digital cameras. About 34 cameras are expected to be replaced or those that are more than 6 years old, which have exceeded the useful life of the equipment. Mr. Lewis moved Resolution 931-15; seconded by Mr. Chapman. After brief discussion, Resolution 931-15 was approved.

5.       Downtown Parking Project / Weigh Station Façade Project: Resolution 932-15 — Adopt the General Project Plan

The Weigh Station, located in the southwest corner of the 312 Broadway parking lot, has been repaired and maintained since Metroplex acquired City parking facilities. Resolution 932-15 authorized $305,000 to renovated the structure, primarily exterior masonry and stucco renovation, landscaping and exterior lighting. The project follows the environmental cleanup and lot resurfacing project in 2013. Ms. Jordan moved Resolution 932-15; seconded by Mr. Chapman. After discussion, Resolution 932-15 was approved.

6.       FY-2015 Parking Budget: Resolution 933-15 — Adopt Fiscal Year 2015 Budget

The Fiscal Audit Committee recommended approving the parking operating budget at its November 20 meeting. Parking revenues are expected to remain steady and the budget proposed a slight decline in expenses. Visitor parking has increased by over 30,000 since 2011.  Mr. Lewis moved Resolution 933-15; seconded by Mr. Wall and approved. 

7.       Downtown Parking Project: Resolution 934-15 — Parking Lot Maintenance Contract

Rich Pachucki Trucking completed the first year of a five-year contract with Metroplex for maintaining downtown parking facilities. Resolution 934-15 increased the base contract for 2015 to $15,000 per month compared with $13,000 for the past three years.  The increase in compensation is due to Metroplex adding additional properties and more focused efforts to maintain sidewalks keeping downtown pedestrian-friendly. Following brief discussion, Mr. Wall moved Resolution 934-15; seconded by Mr. Chapman and approved.

8.       Schenectady County Public Library Project: Resolution 935-15 — Amend General Project Plan

Resolution 935-15 allocated an additional $68,500 to cover project change orders related to new granite curbing along the street and other necessary project modifications. It was noted that the City donated much of the granite curb and Werner Feibes, the library’s original architect, contributed $16,000 to refurbish and relocate a sculpture that was previously not too visible to the general public. Ms. Jordan moved Resolution 935-15; seconded by Mr. Lewis and approved.

9.       Public Comment: Diane Hart, Town of Niskayuna, commented on the safe and accessible parking in downtown.

10.     
Board Comment: Mr. Gillen summarized the many successes in 2014 including the selection of Rivers Casino at Mohawk Harbor, New York State support for the Robinson Block project and the $3 million grant from the New York State Attorney General for the Capital Region Land Bank, which is part of a $10 million neighborhood effort.

Adjournment: Ms. Jordan moved to adjourn, seconded by Mr. Chapman. The meeting was adjourned at 6:35 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
February 11, 2015

Present:             Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Bill Chapman, Bob Mantello

Absent:              Neil Golub, Karen Zalewski-Wildzunas and John Mallozzi
  
Others:           Jayme Lahut, Jim Callander, David Hogenkamp and an audience of 2

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Ms. Jordan moved adoption of the January 14, 2015 meeting minutes; seconded by Mr. Wall and approved.

2.       
Mazzone Hospitality Project (Village of Scotia): Resolution 936-15 — Hold a Public Hearing

The proposed project involves the redevelopment and reuse of 25 Mohawk Avenue in the Village of Scotia. The 1.1 acre site was a former McDonald’s that Metroplex helped demolish and later undertook an environmental cleanup of the site. Metroplex sold the land in 2014 to Mazzone Hospitality, to an affiliated entity Mohawk Avenue, LLC, which proposed constructing a 20,100 square feet mixed-use building with retail and office space. Resolution 936-15 authorized a public hearing on the project with respect to the tax exemptions requested for the project. Mr. Lewis moved Resolution 936-15; seconded by Mr. Chapman.  Following discussion, Resolution 936-15 was approved.

3.       Mohawk Harbor Project: Resolution 937-15 — Hold a Public Hearing

With the completion of the state-mandated environmental review process, the Mohawk Harbor developer, Maxon Alco Holdings LLC, has applied for tax exemptions associated with site preparation, infrastructure improvements and related pre-construction activities.  Resolution 937-15 authorized holding a public hearing on a one-year extension of the existing real-property tax exemption and an exemption from sales and use taxes.  Ms. Jordan moved Resolution 937-15; seconded by Mr. Mantello and approved.

4.       Franklin Plaza Project: Resolution 938-15 — Amend the General Project Plan

In 2014, the Board approved the redevelopment of the former Firestone at Franklin and Lafayette Streets and allocated a $75,000 facade grant and $25,000 for sidewalk replacement. Resolution 938-15 allocated an additional $26,170 to cover the full cost of the sidewalk improvements. Ms. Jordan moved Resolution 938-15; seconded by Mr. Chapman and approved following brief discussion.

5.       Project Reconciliation and Accounting: Resolution 939-15 — Release Unexpended Obligations

As part of the annual audit, Resolution 939-15 closed 6 projects with unexpended funds of $24,331 that will be returned to the general fund for investing in more projects. Mr. Wall moved Resolution 939-15; seconded by Mr. Lewis and approved.

6.       Project Reconciliation and Accounting: Resolution 940-15 — Allocate Funds for Unbudgeted Project ExpendituresResolution 940-15 recognized budget variances totaling $28,341 on 5 closed projects, mostly legal billings and related project soft costs. Mr. Mantello moved Resolution 940-15; seconded by Mr. Lewis and approved.

7.       Accounting Services Contract: Resolution 941-15 — Robert L. Kristel, CPA

Resolution 941-15 extended the annual contract with Robert L. Kristel, CPA, P.C, for accounting services with compensation remaining last year’s $51,000. Ms. Jordan moved Resolution 941-15; seconded by Mr. Lewis and approved.           

8.       Public Comment: None

9.        Board Comment: Mr. Gillen noted that he recently presented the 2014 Metroplex annual report to the County Legislature, which is posted on the Authority’s website and available to the public at www.schenectadymetroplex.org

Adjournment
: Mr. Lewis moved to adjourn, seconded by Ms. Jordan. The meeting was adjourned at 6:25 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
March 11, 2015

Present:             Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Bill Chapman, Karen Zalewski-Wildzunas, Neil Golub, and John Mallozzi 

Absent:              Bob Mantello

Others:           Jayme Lahut, Jim Callander, David Hogenkamp and an audience of 4

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Ms. Jordan moved adoption of the February 11, 2015 meeting minutes; seconded by Mrs. Zalewski-Wildzunas and approved (Mr. Lewis was absent).

2.       Treasurer’s Report: Mr. Wall stated that the Fiscal Audit Committee received a presentation from Robert Kristel, CPA, on the 2014 year-end financial statements, which was distributed prior to the meeting. Highlights from the report included a meaningful increase in sales tax receipts over the prior year results and operating expenses stayed in-line with the previous year.  Following a brief discussion, Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report; seconded by Mr. Chapman and approved (Mr. Lewis was absent).

3.       
Mazzone Hospitality Project (Village of Scotia): Resolution 942-15 — SEQRA Negative Declaration

Resolution 942-15 designated the project as an Unlisted Action pursuant to SEQRA with no significant effect on the environment. The action involved the redevelopment and reuse of 25 Mohawk Avenue in the Village of Scotia in to a 20,100 square foot mixed-use building.  Mrs. Zalewski-Wildzunas moved Resolution 942-15; seconded by Ms. Jordan and approved.

4.       Mazzone Hospitality Project (Village of Scotia): Resolution 943-15 — Adopt the General Project Plan

Metroplex was instrumental in demolishing the former McDonalds restaurant, later facilitated the environmental cleanup of the site, and then sold the vacant land Mohawk Avenue, LLC, an affiliated entity of Mazzone Hospitality in 2014.  Mazzone will construct a 20,100 square feet mixed-use building with retail and office space fronting on Mohawk Avenue. The public hearing was held on February 26, 2015 and no oral or written comments were received.  Resolution 943-15 authorized a partial exemption from taxes. Mr. Golub moved Resolution 943-15; seconded by Ms. Jordan.  Following discussion, Resolution 943-15 was approved.

5.       Mohawk Harbor Project: Resolution 944-15 — Adopt the General Project Plan

With the completion of the state-mandated environmental review process, the Mohawk Harbor developer, Maxon Alco Holdings LLC, has applied for certain exemptions associated with site preparation, infrastructure improvements and related pre-construction activities. The public hearing was held on the project February 26, 2015 and no written or oral comments were received. Resolution 944-15 extended the existing real-property tax exemption and provided an exemption from sales and use taxes limited to site preparation. Mrs. Zalewski-Wildzunas moved Resolution 944-15; seconded by Mr. Lewis and approved following discussion.

6.       Robinson Block Redevelopment Project: Resolution 945-15 — Designation as SEQRA Lead Agency

A 101-unit housing project has been proposed for the former Robinson and Olender furniture store properties on lower State Street.  Metroplex also was awarded a $1.2 million grant from Empire State Development to assist in the site redevelopment. Prior to securing the necessary local and state approvals, Resolution 945-15 authorized notifying other involved agencies seeking designation as SEQRA lead agency to perform a coordinated environmental review.  Mr. Wall moved Resolution 945-15; seconded by Mr. Lewis and approved following brief discussion.

7.       Downtown Schenectady Improvement Corporation: Resolution 946-15 — Adopt the General Project Plan

The action involved making a $160,650 grant in support of DSIC’s cleaning and beautification activities to keep the downtown clean, neat and safe 7-days a week.  Metroplex’s participation remains unchanged from last year.  DSIC has supplemented the program with additional funding from the increase in the assessments that they have experienced due to the revival of downtown. Ms. Jordan moved Resolution 946-15; seconded by Mrs. Zalewski-Wildzunas. After discussion about DSIC’s activities, Resolution 946-15 was approved.

8.       242 Broadway Mixed-use Project: Resolution 947-15 — Hold a Public Hearing

The project involves the construction of a 4-story 70,300 square foot mixed-use building with the ground floor dedicated for offices and three floors containing 39 apartments with adjoining parking. Resolution 947-15 authorized a public hearing on the project with respect to the Metroplex’s proposed involvement in the project, which includes the sale of a 2,448 square foot parcel, a partial exemption from taxes and a $225,000 grant for eligible construction expenses. Mr. Lewis moved Resolution 947-15; seconded by Mr. Golub. After discussion, Resolution 947-15 was approved.

9.       2015 Bond Refunding: Resolution 948-15 — Hold a Public Hearing

At its February 26 meeting, the Fiscal Audit Committee recommended refunding Series 2005A, Series 2005B and Series 2006 Bonds totaling approximately $22,000,000. Historically low interest rates will create meaningful savings of the Authorities cash resources. Resolution 948-15 authorized holding a statutorily-mandated public hearing with respect to refunding the bonds prior to maturity of the outstanding principal amounts. Ms. Jordan moved Resolution 948-15; seconded by Mr. Wall. Following discussion, Resolution 948-15 was approved.

10.      Policy Compliance

The Governance Committee, chaired by Ms. Jordan, undertook an annual review of all policies and ABO compliance issues. The Fiscal Audit Committee, chaired by Mr. Wall, reviewed the Investment Policy. The Committees recommended the adoption of each of the following actions:

  • Resolution 949-15 adopted the 2015 Mission Statement and 2014 performance measures report.  The resolution was moved by Ms. Jordan, seconded by Mr. Lewis and approved.
  • Resolution 950-15 reauthorized the amended Investment Policy and adopted the 2014 investment report, which was moved by Ms. Jordan, seconded by Mr. Lewis and approved.
  • Resolution 951-15 reauthorized the amended Real Property Disposition Policy, adopted the 2014 property report and designated the Executive Director as the real property compliance officer. Resolution 951-15 was moved by Ms. Jordan, seconded by Mr. Lewis and approved.
  • Resolution 952-15 reauthorized the amended Procurement Guidelines, which was moved by Ms. Jordan and seconded by Ms. Zalewski-Wildzunas. Following discussion, Resolution 952-15 was approved with seven ayes and one nay (Mr. Chapman).
  • Resolution 953-15 adopted the 2015 Master Goal Plan for Minority/Women-owned Business Enterprises; moved by Ms. Jordan, seconded by Mr. Lewis and approved.
  • Resolution 954-15 reauthorized the amended Guidelines for the Sale and Reporting of Bonds and Notes, which was moved by Ms. Jordan, seconded by Mr. Lewis and approved.
  • Resolution 955-15 reauthorized the Financial Assistance Administration Policy. Resolution 955-15 was moved by Ms. Jordan, seconded by Mr. Lewis and approved.
  • Resolution 956-15 reauthorized the Authority’s Personnel Policies. Resolution 956-15 was moved by Ms. Jordan, seconded by Mr. Lewis and approved.
  • Resolution 957-15 reauthorized the charters for the Governance Committee and Fiscal Audit Committee, which was moved by Ms. Jordan, seconded by Mr. Lewis and approved.

Public Comment

Colleen Merays, Assistant Director or the Downtown Schenectady Improvement Corporation, thanked the Board for its continued financial assistance, support and collaboration with the downtown clean-up program for 2015.

Richard Gabree, Assistant Manager at the Niskayuna Co-op, spoke about the Co-op’s interest in seeing pedestrian improvements to the section of Nott Street that fronts the Co-op Plaza commercial district.

Elmer Bertsch, Orchard Park Drive, Niskayuna resident, spoke about certain provisions contained in the Metroplex statute. 

Board Comment: Mr. Gillen noted that the County unemployment rate has dropped to 5.6%, the tenth lowest in New York State. Mr. Gillen noted that he presented the 2014 Metroplex annual report to the County Legislature in February and the report is posted on the Authority’s website and available to the public at www.schenectadymetroplex.org

Adjournment
: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:40 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
April 15, 2015

Present:        Ray Gillen, Bob Wall, Sharon Jordan, Bill Chapman, Karen Zalewski-Wildzunas, and Bob Mantello

Absent:          Brad Lewis, Neil Golub and John Mallozzi 

Others:        Jayme Lahut, Jim Callander, David Hogenkamp, Connie Cahill (Bond Counsel) and an audience of 3

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.     Approval of Minutes: Ms. Jordan moved adoption of the March 11, 2015 meeting minutes; seconded by Mr. Mantello and approved.

2.     Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending March 31, 2015, which was distributed prior to the meeting. He noted that revenues showed a projection since the quarterly sales tax revenue had not yet been received. Operating and Predevelopment expenses were below budget. Cash on hand totaled $7.55 million. Following brief discussion, Ms. Jordan moved to accept the Treasurer’s Report; seconded by Mrs. Zalewski-Wildzunas and approved.

3.      2014 Audit: Resolution 958-15 — Adopt FY-2014 Audit

The Fiscal Audit Committee met with the auditors on April 2, reviewed the FY-2014 audit and various supplemental schedules and recommended Board adoption. The Authority’s auditors, SaxBST, characterized the audit as unqualified and clean. Mrs. Zalewski-Wildzunas moved Resolution 955-15; seconded by Mr. Chapman. After brief discussion, Resolution 958-15 was approved.

4.     2015 Bond Refunding: Resolution 959-15 — Twelfth Supplemental Bond Resolution

Resolution 959-15 authorized the refunding of the Series 2005A Bonds, Series 2005B Bonds and the Series 2006A Bonds prior to maturity of the outstanding principal amount totaling approximately $22,000,000.  Due to historically low interest rates the refunding is expected to bolster the Authority’s cash position and reduce debt service payments by about $155,000 per year. The refinancing will also include transaction costs, such as, legal fees, debt service reserves, and related financing fees. The statutorily-mandated public hearing was held on April 1 and no written or oral comments were received. Resolution 959-15 was moved by Mrs. Zalewski-Wildzunas and seconded by Mr. Wall and approved.

5.     2015 Bond Refunding: Resolution 960-15 — Authorization for Sale of Bonds

Resolution 960-15 authorized the sale of the Series 2015 Bonds in a public negotiated sale through Metroplex’s underwriter, RBC Capital Markets, LLC. This is consistent with past practice and provisions contained in the Authority’s Guidelines for the Sale and Reporting of Bonds and Notes. The resolution also appoints Fiscal Advisors as financial advisor and Hiscock & Barclay as bond counsel, respectively.  Ms. Jordan moved Resolution 960-15; seconded by Mrs. Zalewski-Wildzunas and approved following discussion.

6.     242 Broadway Mixed-use Project: Resolution 961-15 —SEQRA Negative Declaration

The project involved construction of a 4-story 70,300 square foot mixed-use building with the ground floor dedicated for offices and three floors containing 39 apartments with adjoining parking on a now vacant lot adjacent to Villa Italia.  Resolution 961-15 designated the project as an Unlisted Action pursuant to SEQRA with no significant effect on the environment. Mrs. Zalewski-Wildzunas moved Resolution 961-15; seconded by Ms. Jordan and approved.

7.     242 Broadway Mixed-use Project: Resolution 962-15 — Adopt the General Project Plan

City Edge, LLC, an affiliate of Hodorowski Homes, acquired the vacant .6-acre lot, known locally as the Gordon lot, at 242 Broadway. The $8.1 million mixed-use project also included Metroplex financial assistance — a $225,000 grant for eligible construction expenses and partial exemption from taxes — as well as selling a 2,448 square foot parcel formerly known as Lands of Campbell for $4,008.  Mrs. Zalewski-Wildzunas moved Resolution 962-15; seconded by Ms. Jordan. Mr. Gillen noted that a bio-technology firm would lease first-floor commercial space and accepted an ownership position in the project.  Resolution 962-15 was approved unanimously. 

8.     Robinson Block Redevelopment: Resolution 963-15 — SEQRA Negative Declaration

The Board previously authorized having Metroplex undertake a coordinated environmental review pursuant to SEQRA by seeking consent of other involved agencies to act as lead agency. The project would contain 104-units of market-rate housing with ground floor retail. Resolution 963-15 characterized the project as a Type I action, addressed parking, historic and visual impacts, and confirmed that the project will not have any significant impacts on the environment.  Mr. Chapman moved Resolution 963-15; seconded by Mrs. Zalewski-Wildzunas and approved.

9.     Robinson Block Redevelopment Project: Resolution 964-15 — Accept Grant Funding

Resolution 964-15 authorized submission of an application and acceptance of an award for a $1,200,000 Empire State Development grant to Metroplex in support of the project. The project aligned with the Region’s strategy for revitalizing urban centers and will help address the cost of substandard soil conditions on the site. Ms. Jordan moved Resolution 964-15; seconded by Mrs. Zalewski-Wildzunas. After discussion, Resolution 964-15 was approved.

10.   Franklin Liberty Lot Repairs: Resolution 965-15 — Amend FY-2015 Parking Budget

Resolution 965-15 added $50,000 to the parking budget to make repairs to Franklin-Liberty lot after it was used as a staging area following the recent Jay Street fire. There was damage to granite curbing, light pole bases, fencing and asphalt. The lot has reopened. Ms. Jordan moved Resolution 965-15; seconded by Mr. Wall. Discussion followed about community support of affected businesses from the DSIC, Chamber and Neil and Jane Golub. Resolution 965-15 was approved.

Public Comment — None

Board Comment: Mr. Gillen updated the Board on the recent opening of Puzzles Café, Mohawk Harbor, and Land Bank activities.

Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Ms. Jordan. The meeting was adjourned at 6:30 p.m.

Respectfully submitted, 

Jayme B. Lahut
Executive Director


Schenectady Metroplex Development Authority
Board Meeting Minutes
May 20, 2015

Present:             Ray Gillen, Brad Lewis, Bob Wall, Neil Golub, Bill Chapman, Robert Dieterich, and Bob Mantello

Absent:              Sharon Jordan, Karen Zalewski-Wildzunas, and John Mallozzi 

Others:            Jayme Lahut, Jim Callander, David Hogenkamp and an audience of 2

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes: Mr. Lewis moved adoption of the April 15, 2015 meeting minutes; seconded by Mr. Chapman and approved.

2.      Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending April 30, 2015, which was distributed prior to the meeting. He noted that revenues were lower than anticipated in the first quarter primarily due to the colder than average winter. Operating expenses were slightly higher due to purchasing office equipment and other one-time expenditures. Predevelopment expenses were on budget. Cash on hand totaled $7.38 million. Following brief discussion, Mr. Golub moved to accept the Treasurer’s Report; seconded by Mr. Lewis and approved.

3.      Schenectady Armory Improvement Project: Resolution 966-15 — Adopt the General Project Plan

Legere Center, LLC, an affiliated entity of Schenectady-based Legere Restorations, acquired the 65,000 square foot facility in 2012. Plans call for conversion of the facility as a multi-use sports, conference and entertainment venue with a total budget of nearly $600,000. Metroplex participation involved a $90,000 grant and an exemption from sales tax. Mr. Golub moved Resolution 966-15; seconded by Mr. Lewis.  After discussion about the scope of work and challenges of parking nearby, Resolution 966-15 was approved. 

4.    Schenectady County Visitors Agency: Resolution 967-15 — Adopt the General Project Plan

The action involved making a $23,500 grant to the Schenectady County Visitors Agency (SCVA) operated by Proctors to promote Schenectady County as a place for events, conferences and by organizing the hospitality, lodging and cultural entities throughout Schenectady County.  By improving the existing visitschenectady.com website, attending regional tradeshows and developing marketing material on Schenectady’s many unique venues, the SCVA will position the County to attract and secure meetings, events, board retreats, and small conferences.  Mr. Lewis moved Resolution 967-15; seconded by Mr. Dietrich. After discussion, Resolution 967-15 was approved.

5.     Convey Property to Amtrak at 320 Liberty Street: Resolution 968-15 —No Significant Effect on the Environment

Construction of the new Amtrak station starts later this year. The existing station sits lot line to lot line. Amtrak and NYS DOT requested that Metroplex convey a 2,500 square foot parcel necessary for the new station’s vestibule and sidewalks. Amtrak will maintain the building and sidewalks. The overall project will involve demolition of the existing station with construction of a new station; reconstructing the parking lot and adding new lighting and landscaping; and reconstructing the Amtrak parking lot across the street and establishing a temporary station for the construction period through mid-2017. Resolution 968-15 addressed the state-mandated environmental review by characterizing the project as an Unlisted Action with no significant effect on the environment. Mr. Mantello moved Resolution 968-15; seconded by Mr. Dietrich. Following discussion about the project, Resolution 968-15 was approved.

6.     Convey Property to Amtrak at 320 Liberty Street: Resolution 969-15 — Adopt the General Project Plan.

Resolution 969-15 conveyed an approximately 2,500 square foot parcel to either Amtrak Corporation or NYS DOT for nominal consideration. Mr. Golub moved Resolution 969-15; seconded by Mr. Mantello and approved.

7.     Robinson Block Redevelopment Project: Resolution 970-15 — Hold a Public Hearing

Resolution 970-15 authorized Metroplex to hold a public hearing on the $20 million project that includes ground-floor retail, 105-units of market-rate apartments, and on-site parking for about 120 vehicles. Metroplex will sell three properties at market values. The $1.2 million NYS CFA grant awarded to Metroplex addresses poor soil conditions. Other financial assistance is still being determined with the developer, Highbridge/Prime Associates, and its lead lender. Mr. Golub moved Resolution 970-15; seconded by Mr. Dietrich. After discussion about the location and scope of the project, Resolution 970-15 was approved.

Public Comment — Diane Hart, Niskayuna resident, commented favorably on development activities throughout the County boosted her confidence in relocating here from Syracuse.

Board Comment: Mr. Gillen updated the Board on the recent opening of the Challenger Learning Center at the MiSci Museum, Land Bank demolition activities, and other projects.

Adjournment: Mr. Golub moved to adjourn, seconded by Mr. Mantello. The meeting was adjourned at 6:45 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
June 10, 2015

Present:             Ray Gillen, Bob Wall, Sharon Jordan, Bill Chapman, Robert Dieterich, Bob Mantello, and Karen Zalewski-Wildzunas 

Absent:              Brad Lewis, Neil Golub and John Mallozzi 

Others:           Jayme Lahut, Jim Callander, David Hogenkamp and an audience of 3

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.       
Approval of Minutes: Ms. Jordan moved adoption of the May 20, 2015 meeting minutes; seconded by Mr. Wall and approved.

2.       Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending May 31, 2015, which was distributed prior to the meeting. He noted that sales tax revenue was lower than budgeted. Operating expenses were only slightly higher than budgeted primarily due to an upgrade to the office server. Predevelopment expenses were below budget. Cash on hand totaled $6.93 million. Following brief discussion, Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report; seconded by Mr. Dieterich and approved.

3.       Lower Union Street Project: Resolution 971-15 — Adopt the General Project Plan

In 2014, Metroplex allocated $1,400,000 in tax-exempt bond proceeds for a second phase of the downtown fix-up program (Phase 2) with the goal of keeping downtown more pedestrian friendly. The Union Street project will utilize a portion of those funds, allocating $991,000 to be matched by $820,000 by the City of Schenectady, to mill and pave lower Union Street as well as install new curbs, sidewalks, streetlights and street amenities from Erie Blvd. to Lafayette Street / Park Place as well as Yates Street.  Ms. Jordan moved Resolution 971-15; seconded by Mrs. Zalewski-Wildzunas. After discussion, Resolution 971-15 was approved.

4.       Lower Union Street Project: Resolution 972-15 —  Award Paving Contract

Resolution 972-15 authorized retaining Callanan Industries Inc. of Schenectady as the lowest qualified bidder for the project.  Three firms submitted bids with Callanan Industries bid of $1,691,000 being the lowest, which was also below the engineer’s estimate. Work will be completed by the end of summer. Ms. Jordan moved Resolution 972-15; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 972-15 was approved.

5.       823 Eastern Avenue Façade Project: Resolution 973-15 — Adopt the General Project Plan

The former RAS Furniture Building at 823 Eastern Avenue has sat vacant due to unpaid taxes for over 10 years.  Schenectady resident, Mark Leszczynski, owner-operator of several funeral parlors in the area, including 819 Eastern Avenue,  is prepared to purchase the properties from the City, invest $75,000 for façade and other exterior improvements, including lighting, landscaping, storefront windows, repainting as needed, and repairing and repointing the masonry facade.  Metroplex’s participation involves a dollar-for-dollar matching grant of up to $75,000 to restore the façade and improve the vacant lot. Mrs. Zalewski-Wildzunas moved Resolution 973-15; seconded by Ms. Jordan and approved.

6.       Lakshmi Associates, Inc. Relocation Project: Resolution 974-15 — Adopt the General Project Plan

In conjunction with DePaul housing project on Albany Street, a $14 million housing project, Metroplex has facilitated relocation of a specialty goods store from 780 Albany Street to 852 State Street. Lakshmi Associates will acquire the building, undertake modest repairs and install a small commercial kitchen to expand its operations with greater selection of prepared foods. The total project cost will be $175,000 with a $50,000 Metroplex grant to offset costs of relocation, renovations and acquisition. Mrs. Zalewski-Wildzunas moved Resolution 974-15; seconded by Ms. Jordan and approved.

7.       Robinson Block Redevelopment Project: Resolution 975-15 — Application for Grant Funding

Resolution 975-15 authorized Metroplex to apply to the Brownfield Redevelopment program through National Grid in support of the redevelopment project that is critical to revitalization efforts on lower State Street.  The National Grid grant can offset costs associated with environmental conditions, demolition and asbestos abatement. Resolution 975-15 was moved by Mrs. Zalewski-Wildzunas; seconded by Ms. Jordan and approved.

8.       Robinson Block Redevelopment Project: Resolution 976-15 — Adopt General Project Plan

The project represents an anchor project at the key intersection of State Street and Erie Blvd. with 105 market-rate apartments, ground floor retail, and on-site parking. The resolution sells three (3) Metroplex-owned properties for $268,000 to the development team of Cohoes-based Prime Companies and Schenectady-based Highbridge Development; adds the former Bi-Mor at 232 State Street; and Metroplex holds a subordinated $328,000 loan.  Metroplex financial assistance included a $250,000 façade grant, and an assignment of the $1.2 million NYS grant to address soil conditions. Resolution 976-15 was moved by Mrs. Zalewski-Wildzunas; seconded by Ms. Jordan.  Following discussion about the project, Resolution 976-15 was approved.

9.       Glenville Town Center Lighting Project: Resolution 977-15 — Adopt General Project Plan

The Town of Glenville has proposed retrofitting existing roadway lighting on Route 50 and extending sidewalks on both sides of the thoroughfare. The $1.38 million project is financed by Town of Glenville bonding ($406,250), NYS DOT ($825,000), private contributions ($50,000) and Metroplex grant of up to $90,000.  Resolution 977-15 was moved by Mr.  Dieterich; seconded by Mr. Chapman. Following discussion Resolution 977-15 was approved.

Public Comment — Diane Hart, Niskayuna resident, commented on the Glenville Project and expressed her support for a similar project in the vicinity of the Niskayuna Co-Op.

Board Comment
: Mr. Gillen updated the Board on the new investment in the Rotterdam Mall and several other projects.

Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Ms. Jordan. The meeting was adjourned at 6:30 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
July 29, 2015

Present:             Ray Gillen, Bob Wall, Sharon Jordan, Brad Lewis, Bill Chapman, Robert Dieterich, Bob Mantello, Neil Golub and Karen Zalewski-Wildzunas

Absent:              John Mallozzi 

Others:              Jayme Lahut, Jim Callander, David Hogenkamp and an audience of 10

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Ms. Jordan moved adoption of the June 10, 2015 meeting minutes; seconded by Mrs. Zalewski-Wildzunas and approved.

2.       Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending June 30, 2015, which was distributed prior to the meeting. He stated that revenues were close to budget and operating and predevelopment expenses were below budget. Cash on hand totaled $6.17 million. Following brief discussion, Mr. Golub moved to accept the Treasurer’s Report; seconded by Mr. Dieterich and approved.

3.       Robinson Block Redevelopment Project: Resolution 978-15 —Amend the General Project Plan

Resolution 978-15 allocated $516,600 for building cleanout, asbestos abatement, air monitoring, design fees and related work associated with prepping the site for demolition of three structures. The developers have secured firm pricing. Mrs. Zalewski-Wildzunas moved Resolution 978-15; seconded by Mr. Lewis. After discussion, Resolution 978-15 was approved.

4.       Property Conveyance to Amtrak Corporation at 320 Liberty Street (State and Erie Parking Lot): Resolution 979-15 — Convey Real Property

The Board previously authorized selling about 2,400 square feet of land needed for the new Amtrak Station. Resolution 979-15 made certain determinations for the conveyance that is required under Authority policy. Mr. Chapman moved Resolution 979-15; seconded by Mr. Mantello. After discussion, Resolution 979-15 was approved.

5.       Amtrak Station Project: Resolution 980-15 —  Enter into Agreements with NYS Department of Transportation and Other Parties

Resolution 980-15 provided NYS DOT and Amtrak with the necessary authorizations from Metroplex to move forward with the new station project. The resolution consented to an access agreement facilitating construction of the station; a license for sidewalk replacement on the property line of the Wall Street building and the parking lot; and a Betterment Agreement with NYS DOT for use of federal funds to redesign and reconstruct the entire State /Erie parking lot with Metroplex’s participation of $48,000.  Mr. Lewis moved Resolution 980-15; seconded by Ms. Jordan. Following discussion, Resolution 980-15 was approved.

6.       Union Street Project: Resolution 981-15 — Amend the General Project Plan

Resolution 981-15 amended the General Project Plan by appropriating an additional $50,000 for repainting the railroad bridge on Union Street near Erie Blvd that compliments the streetscape project already underway. Ms. Jordan moved Resolution 981-15; seconded by Mr. Chapman and approved.

7.       Union Street Project: Resolution 982-15 — Application for Grant Funding

Resolution 982-15 authorized Metroplex to apply to the Urban Center/Commercial District Revitalization program through National Grid in support of the street improvement project on Union Street.  Resolution 982-15 was moved by Mr. Mantello; seconded by Mr. Lewis.  Following updates about the progress on the project, Resolution 982-15 was approved.

8.       2013 Parking Infrastructure Improvements (Broadway Garage Phase 2) Project: Resolution 983-15 — Amend the General Project Plan 

Resolution 983-15 amended the 2013 General Project Plan that allocated $2,000,000 in bond proceeds for improvements to Metroplex parking facilities. Phase one of repairs involved roof membrane repairs to prevent water infiltration, among other things. Resolution 983-15 authorized Phase 2 that included purchasing and installing a commercial-grade standby generator and associated electrical and life/safety upgrades.  Resolution 983-15 was moved by Ms. Jordan; seconded by Mrs. Zalewski-Wildzunas.  

Public Comment: Diane Hart, Niskayuna resident, commented on preserving the façade of 237 State Street. Greg Shalvaties, Scotia resident, provided various concepts on public transportation at the Mohawk Harbor site.  Rich Fisher, Niskayuna resident, commented on efforts to incorporate Schenectady history into the Mohawk Harbor and the casino site.  

Board Comment: Mr. Gillen updated the Board on the $17 million of planned investment in the Hamilton Hill neighborhood including new mixed-use development and the Library/Literacy Center.  Mr. Gillen thanked Ms. Jordan for her work on these projects.

Adjournment: Mr. Lewis moved to adjourn, seconded by Ms. Zalewski-Wildzunas. The meeting was adjourned at 6:40 p.m.

 

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
September 9, 2015

Present:             Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Neil Golub, Bill Chapman, Robert Dieterich, John Mallozzi, and Karen Zalewski-Wildzunas

Absent:              Bob Mantello

Others:              Jayme Lahut, Jim Callander, David Hogenkamp and an audience of 4

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.    Approval of Minutes: Ms. Jordan moved adoption of the July 29, 2015 meeting minutes; seconded by Mrs. Zalewski-Wildzunas and approved.

2.     Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending August 31, 2015, which was distributed prior to the meeting. He stated that sales tax revenues improved and was tracking close to budget. Operating and predevelopment expenses were below budget. Cash on hand totaled $6.44 million. Following brief discussion, Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report; seconded by Mr. Lewis and approved.

3.     Albany Distillery Project: Resolution 985-15 —Adopt the General Project Plan

Resolution 985-15 authorized a grant of $60,000 and a partial exemption from sales tax in support of the Albany Distillery renovation project at 10-12 Yates Street. Plans included preserving historical elements of the brick façade of 10 Yates Street and retrofitting 12 Yates Street facade with glass garage doors, sheet metal siding, and an outdoor patio with fire pitsto house the distilling operation in the rear portion of the facility. Mrs. Zalewski-Wildzunas moved Resolution 985-15; seconded by Ms. Jordan. After discussion about the business, Resolution 985-15 was approved.

4.    Robinson Block Redevelopment Project: Resolution 986-15 — Amend General Project Plan

Resolution 986-15 amended the General Project Plan by allotting $675,000 for demolition, shoring and underpinning as part of the site preparation necessary for the project. The project will start soon. Mrs. Zalewski-Wildzunas moved Resolution 986-15; seconded by Mr. Golub. After discussion, Resolution 986-15 was approved.

5.    Rotterdam Corporate Park Warehouse Project: Resolution 987-15 —  Hold Public Hearing

The resolution authorized holding a public hearing for construction of a 100,000 square foot wholesale distribution and logistics services facility in the Rotterdam Corporate Park. An affiliated entity of the Galesi Group, Distributors Unlimited, Inc., has requested a partial exemption from taxes. The $4.2 million project adds jobs and boosts the tax base. Mr. Golub moved Resolution 987-15; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 987-15 was approved.

Public Comment: Roxanne Wright, Schenectady business person, spoke about small business opportunities in Schenectady. Rich Fisher, Niskayuna resident, commented on efforts to incorporate Schenectady history into the Mohawk Harbor site. 

Board Comment: Mr. Gillen encouraged Ms. Wright to contact the Metroplex office for further discussion.

Adjournment: Mr. Golub moved to adjourn, seconded by Mr. Lewis.  The meeting was adjourned at 6:30 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director


Schenectady Metroplex Development Authority
Board Meeting Minutes
October 14, 2015

Present:             Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Neil Golub, Bill Chapman, Bob Mantello, and Karen Zalewski-Wildzunas

Absent:              Robert Dieterich and John Mallozzi

Others:           Jayme Lahut, David Hogenkamp and an audience of 2

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.     Approval of Minutes: Ms. Jordan moved adoption of the September 9, 2015 meeting minutes; seconded by Mrs. Zalewski-Wildzunas and approved.

 2.    Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending September 30, 2015, which was distributed prior to the meeting.  Operating and predevelopment expenses were well below budget. Cash on hand totaled $5.4 million. Following brief discussion, Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report; seconded by Mr. Lewis and approved.

3.     Rotterdam Corporate Park Warehouse Project: Resolution 988-15 — SEQRA Review

The project involved construction of a 100,000 square foot warehouse facility on a 5-acre parcel within the Rotterdam Corporate Park. Resolution 988-15 affirmed Metroplex as lead agency, characterized the project as an Unlisted Action and determined the project will not have a significant effect on the environment since it is a perfect fit within the park.  Mr. Wall moved Resolution 988-15; seconded by Mr. Lewis and approved.

4.    Rotterdam Corporate Park Warehouse Project: Resolution 989-15 — Adopt the General Project Plan

Ms. Jordan moved Resolution 989-15; seconded by Ms. Zalewski-Wildzunas to adopt the General Project Plan by approving a partial exemption from sales, mortgage and real property taxes. The $4.2 million project adds jobs and boosts the tax base. Following brief discussion, Resolution 989-15 was approved.

5.     37 Van Guysling Avenue Cleanup/ NYS DEC Environmental Restoration Program: Resolution 990-15 —  Amend the General Project Plan

Resolution 990-15 authorized securing additional NYS DEC funding for environmental remediation. Metroplex and the City of Schenectady have worked together to clean-up contamination along Van Guysling Avenue through the State’s Environmental Restoration Program, which calls for 90% State reimbursement.  Resolution 990-15 expands the scope of the previously approved work to allow for further remediation at 37 Van Guysling Avenue, a City-owned site.  Metroplex will administer the clean-up and invest the 10% match to allow for the State reimbursement.  Ms. Jordan moved Resolution 990-15; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 990-15 was approved.

6.     37 Van Guysling Avenue Cleanup/NYS DEC Environmental Restoration Program: Resolution 991-15  — Award Remediation Contract

Resolution 991-15 awarded the low-bid remediation contract for 37 Van Guysling Avenue to Land Remediation, Inc. (Averill Park) for $766,848.50. The contractor was the lowest bid of the three bids received. Work will start in late November and be completed by year-end. Mrs. Zalewski-Wildzunas moved Resolution 991-15; seconded by Ms. Jordan.  Following discussion, Resolution 991-15 was approved.

7.     Draper Lofts Project: Resolution 992-15 —  Hold Public Hearing

The resolution authorized holding a public hearing regarding the renovation and adaptive reuse of the former Draper School in Rotterdam into 107 market-rate apartment units.  Metroplex’s proposed participation may include a partial exemption from taxes and a $50,000 façade grant. Mrs. Zalewski-Wildzunas moved Resolution 992-15; seconded by Mr. Lewis.  Following discussion, Resolution 992-15 was approved.

8.     Saint Mary’s Church Adaptive Reuse (820 Eastern Avenue): Resolution 993-15 — Adopt the General Project Plan

The concentrated effort to revitalize Eastern Avenue continues with the reinvention of the former Saint Mary’s Church as an event and arts venue.  Metroplex’s participation involved a matching grant in the amount of $20,000 to assist with the removal of the existing asphalt, replacing sidewalks, and other permitted expenses. Ms. Jordan moved Resolution 993-15; seconded by Mr. Lewis.  Following discussion, Resolution 993-15 was approved.

9.      
Downtown Parking Project: Resolution 994-15 — Amend the Parking Lease

The resolution authorized pursuing a consolidated parking lease with the New York State Office of General Services to accommodate additional state workers that are being relocated to the Workers Compensation Building at the corner of State Street and Broadway.  State employees comprise the largest single group for employee parking in downtown, but there are multiple leases and parking arrangements with different state entities.  Mrs. Zalewski-Wildzunas moved Resolution 994-15; seconded by Mr. Golub.  Following discussion, Resolution 994-15 was approved.

10.     Courtyard by Marriott Project: Resolution 995-15—  Hold Public Hearing

Resolution 995-15 authorized holding a public hearing regarding the construction of a 70,487 square foot Courtyard by Marriott hotel with 127-rooms at Mohawk Harbor.  Mr. Lewis moved Resolution 995-15; seconded by Mrs. Zalewski-Wildzunas.  Following discussion, Resolution 995-15 was approved.

 11.    Public Comment — None

 12.    Board Comment: Mr. Golub initiated a discussion on construction activities at Mohawk Harbor.

 13.    Adjournment: Ms. Jordan moved to adjourn, seconded by Mr. Lewis.  The meeting was adjourned at 6:45 p.m. 

Respectfully submitted,

Jayme B. Lahut
Executive Director


Schenectady Metroplex Development Authority
Board Meeting Minutes
November 18, 2015

Present:             Ray Gillen, Brad Lewis, Bob Wall, Neil Golub, Bill Chapman, Bob Mantello, Robert Dieterich and John Mallozzi

Absent:               Sharon Jordan, and Karen Zalewski-Wildzunas

Others:              Jayme Lahut and David Hogenkamp

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.     Approval of Minutes: Mr. Golub moved adoption of the October 14, 2015 meeting minutes; seconded by Mr. Mantello and approved.

2.     Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending October 31, 2015, which was distributed prior to the meeting. Operating and predevelopment expenses were tracking below budget. Cash on hand totaled $5.45 million. Following brief discussion, Mr. Mantello moved to accept the Report; seconded by Mr. Chapman and approved.

3.     Auditing Services Contract: Resolution 996-15 — Retain SaxBST LLP

At its November 12 meeting, the Fiscal Audit Committee recommended retaining SaxBST LLP (formerly Bollam Sheedy Torani & Co.) for a five-year engagement following review of proposals submitted as part of a competitive Request for Proposal process. The engagement covers the annual audits for 2015 through 2019.  Following brief discussion, Mr. Mantello moved Resolution 996-15; seconded by Mr. Chapman and approved.

4.     Purchase 839 Eastern Avenue (Schenectady): Resolution 997-15 — No Significant Effect on the Environment

The project involved the purchase of the property from the federal bankruptcy trustee. Pursuant to SEQRA, the action was classified as an Unlisted Action and Resolution 997-15 made a determination of no significant on the environment. Mr. Lewis moved Resolution 997-15; seconded by Mr. Golub and approved.   

5.     Purchase 839 Eastern Avenue: Resolution 998-15 — Adopt the General Project Plan

Resolution 998-15 authorized the purchase of the vacant commercial and multi-family building for $15,000 from the federal bankruptcy trustee assigned to the case. Metroplex intends to sell and redevelop the property as part of revitalization along the Eastern Avenue.  Mr. Lewis moved Resolution 998-15; seconded by Mr. Wall. Following discussion, Resolution 998-15 was approved.

6.     Courtyard by Marriott Project: Resolution 999-15  — Adopt General Project Plan

With no comment received at the November 11 public hearing, Resolution 999-15 authorized exemptions on sales taxes for purchases associated with the project, mortgage recording tax exemption, and a Pilot pursuant to Section 2667(5) of the Metroplex statute. The 124-room Courtyard by Marriott totals 70,487 square feet on a 2.39-acre parcel at the northern end of the site.  Mr. Lewis moved Resolution 999-15; seconded by Mr. Mantello. Resolution 999-15 was approved unanimously.

7.     Capoccia Winery Project: Resolution 1000-15 —  Adopt the General Project Plan

Ongoing renovation of the Foster complex by Sequence Development has opened ground floor space for retail occupancy. Capoccia Wine Company, operates a winery in Niskayuna, will lease 2,500 square feet for a retail wine store and lounge. Metroplex’s participation involved a grant of up to $60,000 to assist with leasehold improvements plus a sales tax exemption. Mr. Chapman moved Resolution 1000-15; seconded by Mr. Golub. After brief discussion, Resolution 1000-15 was approved.

8.     Draper Lofts Project: Resolution 1001-15 — No Significant Effect on the Environment

Metroplex acting as lead agency conducted an environmental review of the project pursuant to SEQRA. The project was classified as an Unlisted Action and Resolution 1001-15 determined there was no significant effect on the environment. Mr. Lewis moved Resolution 1001-15; seconded by Mr. Dietrich and approved.

9.      Draper Lofts Project: Resolution 1002-15 — Adopt the General Project Plan

With no comment received at the November 11 public hearing, Resolution 1002-15 authorized a $50,000 façade grant and exemptions from sales tax, recording tax and a Pilot  Plans call for a $13 million investment for the adaptive reuse of the former Draper School and conversion to 107 market-rate rental apartments. Mr. Lewis moved Resolution 1002-15; seconded by Mr. Mallozzi. After discussion, Resolution 1002-15 was approved.

10.    Public Comment — None

11.    Board Comment: Mr. Gillen provided an update on the Electric City Apartments (Robinson Block), Double Tree Hotel, Foster Building, among other projects and news.

12.    Adjournment: Mr. Lewis moved to adjourn, seconded by Mr. Wall.  The meeting was adjourned at 6:25 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
December 9, 2015

Present:            Ray Gillen, Sharon Jordan, Neil Golub, Bill Chapman, Bob Mantello, Karen Zalewski-Wildzunas and John Mallozzi

Absent:              Brad Lewis, Bob Wall, and Robert Dieterich

Others:           Jayme Lahut, David Hogenkamp and audience of 2.

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.        Approval of Minutes: Mr. Golub moved adoption of the November 18, 2015 meeting minutes; seconded by Mrs. Zalewski-Wildzunas and approved.

2.        Treasurer’s Report: Jayme Lahut reviewed the Treasurer’s Report for the period ending November 30, 2015, which was distributed prior to the meeting. Revenues will likely exceed budget for the year. Operating and predevelopment expenses were tracking below budget. Cash on hand totaled $4.75 million. Following brief discussion about sales tax receipts, Mr. Golub moved to accept the Report; seconded by Mrs. Zalewski-Wildzunas and approved.

3.        REVA, Inc. Air Ambulance: Resolution 1003-15 — Adopt the General Project Plan

Richmor Aviation is leasing space at the Schenectady County Airport to REVA, Inc., the largest air ambulance operator in North America, as its Northeast U.S. hub.  Metroplex participation involved a $35,000 grant for tenant improvements, relocation expenses and rent support. Pursuant to SEQRA, the action was classified as an exempt Type II Action. Mr. Golub moved Resolution 1003-15; seconded by Mrs. Zalewski-Wildzunas and approved.

4.        DoubleTree by Hilton Hotel Project: Resolution 1004-15 — Amend the General Project Plan

The DoubleTree opened for business in November. The resolution allocated an additional $15,000 supplemental grant to address exterior lighting requirements by the City Planning Commission above and beyond standard Hilton-property standards. The owner covered about $25,000. Ms. Jordan moved Resolution 1004-15; seconded by Mrs. Zalewski-Wildzunas and approved following brief discussion.   

5.        Renew Office Space Lease at 433 State Street: Resolution 1005-15

Resolution 1005-15 authorized accepting the 5-year option for Metroplex office space at Center City. The base lease will hold at $18.50 per square foot for another three years, then to $18.75 for the remaining two years. Metroplex pays for utilities and insurance. The landlord pays all taxes. Ms. Jordan moved Resolution 1005-15; seconded by Mr. Mantello. Following discussion, Resolution 1005-15 was approved.

6.        FY-2016 Budget: Resolution 1006-15 — Adopt Fiscal Year 2016 Budget

The Fiscal Audit Committee reviewed and recommended adoption of the 2016 budget. Due to accelerating sales tax receipts and the benefits of lower interest rates on bond refinancings, discretionary cash for projects will rise to about $2.1 million for 2016. Ms. Jordan moved Resolution 1006-15; seconded by Mr. Chapman. Resolution 1006-15 was approved unanimously.

7.        Downtown Parking Project: Resolution 1007-15 — Parking Maintenance Contract

Resolution 1008-15 maintained the compensation for Rich Pachucki Trucking at $180,000 per year handling general maintenance at all Metroplex-owned properties and parking facilities. This represented the third year of a five year contract. Mr. Mallozzi moved Resolution 1007-15; seconded by Mr. Golub. After brief discussion, Resolution 1007-15 was approved.

8.        Accounting Services Contract: Resolution 1008-15 — Robert L. Kristel, CPA

Resolution 1008-15 extended the annual contract with Robert L. Kristel, CPA, P.C, for accounting services with compensation remaining last year’s $51,000. Mrs. Zalewski-Wildzunas moved Resolution 1008-15; seconded by Mr. Chapman and approved. 

9.        JMR Development Company Project: Resolution 1009-15 — Hold a Public Hearing

Resolution 1009-15 authorized holding a public hearing in support of major tenant looking to locate at 101 Lafayette Street in downtown Schenectady. With lease negotiations underway, the tenant cannot be identified but the project will involve $7 million in leasehold improvements, fit-up and equipment. The project would create 350 jobs. Metroplex may grant a sales tax exemption following a public hearing to be held in January. Ms. Jordan moved Resolution 1009-15; seconded by Mrs. Zalewski-Wildzunas and approved following discussion.  

10.     Niskayuna Commerce Park: Resolution 1010-15 — Purchase a Monument Sign

Resolution 1010-15 allocated $8,950 to build and install a monument sign at the entrance to Niskayuna Commerce Park on Hillside Avenue in Niskayuna. Mr. Chapman moved Resolution 1010-15; seconded by Mrs. Zalewski-Wildzunas and approved. 

11.    Glenwyck Manor Housing Project: Resolution 1011-15 – Adopt the General Project Plan

The resolution provide for a payment-in-lieu-of-taxes agreement with Glenwyck LLC in support of the $12.8 million 110-unit senior housing project. With an assessment of $8,660,700, the project will generate meaningful payments to the Town, County and school district. Mr. Golub moved Resolution 1011-15; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 1011-15 was approved unanimously.

12.        Public Comment — None

13.        Board Comment: Mr. Golub initiated a dialogue about the revitalization of Schenectady and Metroplex’s successes resulting from community support and cooperation.

14.        Adjournment: Mr. Mantello moved to adjourn, seconded by Mr. Chapman.  The meeting was adjourned at 6:35 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

2014 MEETING MINUTES


Schenectady Metroplex Development Authority
Board Meeting Minutes
January 15, 2014

Present:             Ray Gillen, Brad Lewis, Neil Golub, Bob Wall, Bill Chapman, Bob Mantello, Janet Hutchison, Sharon Jordan, Ed Capovani and Karen Zalewski-Wildzunas

Absent:              John Mallozzi

Others:           Jayme Lahut, Jim Callander, David Hogenkamp and audience of 6

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.   Approval of Minutes: Mr. Wall moved adoption of the December 2013 meeting minutes, seconded by Mrs. Zalewski-Wildzunas and approved.

2.   Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending December 31, 2013, which was distributed prior to the meeting. He noted that sales tax receipts were below the budgeted amount, and operating expenses were well under budget. Predevelopment expenses were tracking above budget due to the extensive queue of projects developing during the year. Cash on hand was $2.17 million. Following brief discussion, Mrs. Jordan moved to accept the Treasurer’s Report; seconded by Mr. Golub, and approved.

3.     Purchase 722 Eastern Avenue: Resolution 872-14 — SEQRA/ No Significant Effect on the Environment 

Resolution 872-14 designated the project as an Unlisted Action pursuant to SEQRA with no significant effect on the environment. The action involved purchasing the three-story multi-family building at 722 Eastern Avenue from the current owner.  Mrs. Jordan moved Resolution 872-14; seconded by Mr. Golub and approved.

4.     Purchase 722 Eastern Avenue: Resolution 873-14 — Adopt General Project Plan

Resolution 873-14 authorized the purchase of the three-story multi-family building at 722 Eastern Avenue for the equivalent of current delinquent real property taxes, which is approximately $5,000, and allocates $7,500 for closing costs, insurance, securing the property and other project-related expenses. Metroplex plans to demolish the building and divest the vacant land to the Schenectady Land Bank for resale and reuse.  Ms. Jordan moved Resolution 873-14; seconded by Mr. Lewis. After discussion, Resolution 873-14 was approved.

5.     Purchase 803 Eastern Avenue: Resolution 874-14 — SEQRA/ No Significant Effect on the Environment

Resolution 874-14 designated the project as an Unlisted Action pursuant to SEQRA with no significant effect on the environment. Ms. Jordan moved Resolution 874-14; seconded by Mr. Mantello and approved.

6.     Purchase 803 Eastern Avenue: Resolution 875-14 — Adopt General Project Plan

Resolution 875-14 authorized buying 803 Eastern Avenue, the former Kilgore’s Tavern, for about $10,000, which includes a payment of $5,000 to American Tax Funding to purchase a lien and about $5,000 for outstanding taxes. Metroplex plans to demolish the building and divest the vacant land to the Schenectady Land Bank for resale and reuse. Ms. Jordan moved Resolution 875-14; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 875-14 was approved.

7.     Arket Electric Façade Project: Resolution 876-14 —Adopt the General Project Plan

The project involved updating the appearance of the two commercial properties owned and operated by Arket Electric Inc.  at 827-831 Eastern Avenue with new siding, painting, signage, fencing, green space and lighting. The buildings are visible along the Eastern Avenue commercial corridor, a focus area for the Schenectady Land Bank.  Resolution 876-14 allotted $60,000 towards façade improvements matched by $20,000 investment from the owner. Mrs. Zalewski-Wildzunas moved Resolution 876-14; seconded by Mr. Golub. Following discussion about supporting commercial businesses on Eastern Avenue as a means of stabilizing the neighborhood, Resolution 876-14 was approved.

8.     868 Eastern Avenue: Resolution 877-14 — Adopt the General Project Plan

Resolution 877-14 authorized allocating $3,000 to purchase tax liens for a tax-delinquent, vacant commercial building at 868 Eastern Avenue plus $3,500 for other project-related expenses.  Metroplex has reached agreement with ATF to buy its tax liens on the former Latimer’s Tavern for $3,000. This action clears the way for the City to add the property to its foreclosure process and for the demolition of the structure. Mr. Golub moved Resolution 877-14; seconded by Mrs. Zalewski-Wildzunas and approved.    

9.    Downtown Parking Project: Resolution 878-14 — Authorization to Amend the State Assistance Contract (NYS DEC Environmental Restoration Program)

NYS DEC is encouraging Metroplex and the City to seek additional DEC funds by extending the environmental investigation beyond the boundaries of the Broadway South Lot. The new area abuts the parking lot that was cleaned up a few months ago. Resolution 878-14 authorized an amendment to the State Assistance Contract (SAC) to increase the scope of work to cover this next parcel. Mrs. Zalewski-Wildzunas moved Resolution 878-14; seconded by Ms. Jordan and approved.

Public Comment:

Bob Harvey representing Schenectady United Neighborhoods and the Eastern Avenue Neighborhood Association spoke in support of the activities that Metroplex and the Schenectady Land Bank propose for Eastern Avenue.

Robert Hoffman, chairman of the Schenectady Land Bank thanked the Metroplex Board for partnering with the Land Bank on the Eastern Avenue neighborhood initiative.

Dr. Bernard McEvoy, Schenectady resident, spoke in favor of greater accessibility to Vale Park and Vale Cemetery from the Eastern Avenue neighborhood.

Diane Hart, Niskayuna resident, asked that Metroplex consider supporting improvements to slow traffic and improve pedestrian safety along Nott Street’s Co-Op Plaza in Niskayuna. 

Board Comment:  None

Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:45 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
March 12, 2014

Present:             Ray Gillen, Brad Lewis, Neil Golub, Bob Wall, Bill Chapman, Sharon Jordan, Ed Capovani and Karen Zalewski-Wildzunas

Absent:              John Mallozzi, Janet Hutchison, Bob Mantello

Others:           Jayme Lahut, Jim Callander, David Hogenkamp and audience of 2

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.    Approval of Minutes: Ms. Jordan moved adoption of the January 2014 meeting minutes, seconded by Mr. Golub and approved.

 2.  Treasurer’s Report: Mr. Wall stated that the Fiscal Audit Committee received a presentation from Robert Kristel, CPA, who reviewed the 2013 year-end financial statements, which was distributed prior to the meeting. He noted a slight decline in sales tax receipts for the year and that operating expenses stayed below the budgeted amount. Predevelopment expenses were above budget due to the extensive development activity during the year. Following brief discussion, Mr. Lewis moved to accept the Treasurer’s Report; seconded by Mrs. Zalewski-Wildzunas and approved.

3.    111 Liberty Street (former MVP Health Care) Project:  Resolution 879-14 —SEQRA 

Resolution 879-14 designated the project as an Unlisted Action pursuant to SEQRA with no significant effect on the environment.  The action involved the renovation, adaptive reuse and conversion of a vacant 31,000 square foot building at 111 Liberty Street to residential uses.  Mrs. Zalewski-Wildzunas moved Resolution 879-14; seconded by Mr. Golub and approved.

4.    111 Liberty Street (former MVP Health Care) Project: Resolution 880-14 — Adopt the General Project Plan

The project converts the former MVP headquarters to 31 market-rate apartments at 111 Liberty Street. The parking lot at 119 State Street will also be reconstructed. Resolution 880-14 authorized a $225,000 grant for renovations and a partial exemption from taxes pursuant to §2667 of the Metroplex statute.  Mrs. Zalewski-Wildzunas moved Resolution 880-14; seconded by Ms. Jordan. After discussion, Resolution 880-14 was approved.

5.   Lower State Street Revitalization Project: Resolution 881-14 — Award Contract

Resolution 881-14 authorized retaining Callanan Industries Inc. of Schenectady as the lowest qualified bidder to repair about 15 subsurface vaults beneath the sidewalks as part of the lower State reconstruction project. These improvements are necessary in advance of the street, sidewalk and curb repairs, which Metroplex intends to start this summer. Four firms responded to the bid package prepared by CHA Consulting Inc. The low bid submitted by Callanan was $484,900. Mr. Wall moved Resolution 881-14; seconded by Mr. Lewis. After discussion, Resolution 881-14 was approved.  

6.   Alco Redevelopment Project: Resolution 882-14 — Amend the General Project Plan
Resolution 882-14 extended the partial real property tax exemption for the Alco project by one year at $40,000 per year, which allows completion of plans and securing State and local permits and approvals. Although the site is much improved following demolition of blighted structures, it generates no income to the developer, Maxon Alco Holdings, LLC.  Ms. Jordan moved Resolution 882-14; seconded by Mrs. Zalewski-Wildzunas and approved. 

7.   Downtown Schenectady Improvement Corporation: Resolution 883-14 — Adopt General Project Plan

The action involved making a $160,650 grant in support of DSIC’s cleaning and beautification activities keeping the downtown clean, neat and safe 7-days a week. Metroplex’s participation remains unchanged from last year while the DSIC has committed additional staffing during the week and on weekends. Mrs. Zalewski-Wildzunas moved Resolution 883-14; seconded by Mr. Golub. After discussion about DSIC’s activities, Resolution 883-14 was approved.

8.   1611 Union Street (Salamack) Façade Project: Resolution 884-14 —Adopt the General Project Plan

Resolution 884-14 authorized a grant not to exceed $75,000 for exterior façade improvements.  The building is one of only a few remaining that have not been updated following the successful upper Union Street façade program. Now with new ownership, Thomas Pai has committed to invest in exterior and interior improvements, including updating the façade with a new architectural cornice, siding, stonework, windows/doors, metal awning and paint.  Tenant spaces will be improved too. Ms. Jordan moved Resolution 884-14; seconded by Mr. Golub. After discussion, Resolution 884-14 was approved.

9.    Accounting Services Contract: Resolution 885-14 — Robert L. Kristel, CPA

Resolution 885-14 extended the annual contract with Robert L. Kristel, CPA, P.C, for services including on-call accounting services, preparation of quarterly review statements, preparing year-end financials, and bond reporting. The firm also provides information used by management decision making, planning and meeting regulatory requirements with government agencies. The compensation is $3,000 higher than last year at $51,000. Mr. Wall moved Resolution 885-14; seconded by Mr. Lewis and approved.  

10.   Project Reconciliation and Accounting: Resolution 886-14 — Release Unexpended Obligations

The Fiscal Audit Committee reviewed a list of closed projects at its February 27 meeting and recommended the close out of 13 projects with unexpended funds of $138,617.  These funds will be returned to the general fund for investment in new projects. Mr. Lewis moved Resolution 886-14; seconded by Mr. Golub and approved.

11.   Project Reconciliation and Accounting: Resolution 887-14 — Allocate Funds for Unbudgeted Project Expenditures  

The Fiscal Audit Committee reviewed a list of projects at its February 27 meeting where the final tally of Metroplex expenditures exceeded the approved allocation. Resolution 887-14 ratified budget variances totaling $98,256 on 7 closed projects, mostly legal billings and other soft costs, which often lag behind project hard costs. Ms. Jordan moved Resolution 887-14; seconded by Mr. Golub and approved.

Public Comment:

Jim Salengo, DSIC Executive Director thanked the Metroplex Board for the financial support of their organization.

Board Comment:  None

 Executive Session:  Ms. Jordan moved to convene in executive session to discuss the prospective acquisition, sale or lease of real property; seconded by Mr. Capovani. At 6:45 p.m., the board entered into a private session. At 7:00 p.m., Mr. Lewis moved and Mrs. Zalewski-Wildzunas seconded a conclusion to the executive session. Mr. Gillen stated that no votes or other authorizations were undertaken during the session.

Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 7:00 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
April 16, 2014

Present:             
Ray Gillen, Brad Lewis, Bob Mantello, Bob Wall, Bill Chapman, and Karen Zalewski-Wildzunas

Absent:              John Mallozzi, Sharon Jordan, Janet Hutchison, Ed Capovani and Neil Golub

Others:           Jayme Lahut, Jim Callander, David Hogenkamp and audience of 2

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Mrs. Zalewski-Wildzunas moved adoption of the January 2014 meeting minutes, seconded by Mr. Lewis and approved.

2.       Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending March 31, 2014, which was distributed prior to the meeting. He noted that the final figure for the quarterly sales tax receipts was not available yet, and operating expenses were under budget. Predevelopment expenses were tracking above budget year to date. Cash on hand was $13.2 million reflecting receipt of bond proceeds in January. Following brief discussion, Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report; seconded by Mr. Lewis, and approved

3.       2013 Audit: Resolution 888-14 — Adopt FY-2013 Audit

The Fiscal Audit Committee met with the auditors on March 31, reviewed the FY-2013 audit and various supplemental schedules and recommended Board adoption. The Authority’s auditors, SaxBST, characterized the audit as unqualified and clean. Mr. Wall moved Resolution 888-14; seconded by Mr. Lewis. After brief discussion, Resolution 888-14 was approve

4.       Alco Redevelopment Project: Resolution 889-14—SEQRA

Resolution 889-14 resumed the state-mandated environmental review process for the Alco project by designating Metroplex as lead agency. The resolution also declared a positive declaration, which meant the preparation of a Supplemental Environmental Impact Statement by the project developer. The developer, Maxon Alco Holdings, LLC, an affiliated entity of the Galesi Group, proposed changes to the original project, so the SEQR process will update and revise the 2010 EIS and Statement of Findings adopted by the Board.  These materials were distributed to the Board in advance of the meeting. Mr. Mantello moved Resolution 889-14; seconded by Mr. Lewis. Following discussion, Resolution 889-14 was approved.

5.       Eastern Avenue Revitalization: Resolution 890-14— SEQRA

Metroplex initiated a coordinated environmental review with several local involved agencies regarding the activities proposed on Eastern Avenue. Resolution 890-14 characterized the project as an Unlisted Action with no significant effect on the environment. The action was a perquisite to entering into a joint agreement with the City of Schenectady, the Schenectady Land Bank, the City IDA and Schenectady Urban Renewal Agency for taking the lead in making improvements on Eastern Avenue.  Mrs. Zalewski-Wildzunas moved Resolution 890-14; seconded by Mr. Lewis and approved.

6.       Eastern Avenue Revitalization: Resolution 891-14 — Intermunicipal Cooperation Agreement

Resolution 891-14 authorized entering into a joint agreement with the City IDA, the Land Bank, the City of Schenectady and Schenectady Urban Renewal Agency for taking the lead in demolishing structures and conveying properties to the Land Bank. It also allowed Metroplex to accept up to $250,000 in City IDA funds for the related real estate preparation expenditures. The funding would be used for asbestos abatement, demolition, and related engineering expenses. Mr. Chapman moved Resolution 891-14; seconded by Mrs. Zalewski-Wildzunas.  After discussion, Resolution 891-14 was approved.

7.       Niskayuna Glass Expansion Project: Resolution 892-14 — Adopt the General Project Plan

Resolution 892-14 authorized a $25,000 grant, supporting a matching $50,000 grant from National Grid for electric upgrades derived from Metroplex bond proceeds via the County Business Park and Smart Growth Fund. The project involved a building retrofit to accommodate the installation of glass-tempering equipment and meaningful electric service upgrades at the company’s headquarters on Maxon Road Extension in Schenectady. The total project cost exceeded $700,000. Mrs. Zalewski-Wildzunas moved Resolution 892-14; seconded by Mr. Lewis. After discussion, Resolution 892-14 was approved.

8.       Velocity Printing Expansion Project: Resolution 893-14 — Adopt the General Project Plan

Velocity Print Solutions recently consolidated printing operations in Building 705 at the Glenville Business and Technology Park requiring $182,000 in electrical upgrades, building improvements and related expenses. Resolution 893-14 authorized a $25,000 grant from Metroplex bond proceeds via the County Business Park and Smart Growth Initiative supporting a matching $50,000 grant from National Grid.  Mr. Wall moved Resolution 893-14; seconded by Mr. Chapman. After discussion, Resolution 893-14 was approved.

9.       Downtown Parking Project: Resolution 894-14 — Purchase Equipment

Resolution 894-14 authorized purchasing a 51” snow blower with sidewalk chute and rear salt spreader for maintaining Metroplex’s parking facilities and sidewalks. The equipment would be owned by Metroplex and operated by Rich Pachucki Trucking. The purchase price is $124,555.  Mr. Mantello moved Resolution 894-14; seconded by Mr. Chapman and approved. 

10.    Foster Building Complex: Resolution 895-14 — Commence Real Property Disposition Process

Resolution 895-14 initiated the ABO process for disposing of real property. Before the Metroplex Board can formally convey property, Public Authorities Law required disclosure of the transaction and notification of State officials for a 90-day period. Consideration of Metroplex’s participation in the transaction will occur at a subsequent Metroplex Board meeting. Mrs. Zalewski-Wildzunas moved Resolution 895-14; seconded by Mr. Wall.  After discussion, Resolution 895-14 was approved.

Public Comment: Diane Hart, Niskayuna resident, spoke that she was recently appointed to serve as the representative for the Niskayuna Co-op with regard to any pedestrian improvement projects that are considered by Metroplex in the vicinity of the Co-op. 

Board Comment:  Mr. Gillen thanked National Grid for their support of economic development activities in Schenectady County including the two approvals tonight and other projects as well.

 Executive Session:  Mrs. Zalewski-Wildzunas moved to convene in executive session to discuss the prospective acquisition, sale or lease of real property; seconded by Mr. Wall. At 6:30 p.m., the board entered into a private session. At 6:45 p.m., Mrs. Zalewski-Wildzunas moved and Mr. Wall seconded to conclude the executive session. Mr. Gillen stated that no votes or other authorizations were undertaken during the session.

Adjournment: Mr. Lewis moved to adjourn, seconded by Mrs. Zalewski-Wildzunas. The meeting was adjourned at 6:45 p.m.

 

Respectfully submitted,

Jayme Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
May 21, 2014, 2014

Present:             Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Ed Capovani, Bill Chapman, Neil Golub and Karen Zalewski-Wildzunas

Absent:              John Mallozzi, Bob Mantello and Janet Hutchison

Others:              Jayme Lahut, Jim Callander, David Hogenkamp and audience of 2

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes: Mrs. Jordan moved adoption of the April 2014 meeting minutes; seconded by Mr. Golub and approved (Mrs. Zalewski-Wildzunas was absent).

 2.     Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending April 30, 2014, which was distributed prior to the meeting. He noted that the final figure for the first quarter sales tax receipts was not available yet, and operating expenses continued to track under budget. Predevelopment expenses were tracking above budget year to date. Cash on hand was $12.9 million reflecting receipt of bond proceeds in January. Following brief discussion, Mr. Golub moved to accept the Treasurer’s Report; seconded by Mr. Capovani, and approved (Mrs. Zalewski-Wildzunas was absent).

3.     Quirky Inc. Project: Resolution 896-14 — Hold a Public Hearing

Quirky Inc., a New York City based product development company, has leased 22,000 square feet of office space in Center City occupying the entire 4th and 5th floors for customer services and product testing / quality assurance operations. Quirky is investing over $1.4 million in fitting up the space to meet the needs of the fast growing company, which anticipates hiring up to 180 employees.  Resolution 896-14 called for holding a public hearing on a proposed $450,000 grant for leasehold improvements plus discounted parking for employees.  Mr. Capovani moved Resolution 896-14; seconded by Mr. Lewis. Following discussion, Resolution896-14 was approved.

4.     Lower State Street Project: Resolution 897-14— Adopt Amended General Project Plan

In September 2013, the Metroplex Board allocated funding for streetscape work on lower State Street below Erie. Blvd. Metroplex staff recommended expanding the project further along State Street in the vicinity of the YMCA building and along South Church Street to the Schenectady Civic Players to create a unified and clean appearance along the corridor. The project has secured additional investment from the City of Schenectady for infrastructure and National Grid for upgraded gas service within the corridor.  Mr. Chapman moved Resolution 897-14; seconded by Ms. Jordan.  Following discussion, Resolution 897-14 was approved.

5.     Lower State Street Project: Resolution 898-14— Award Paving Contract

Two firms bid the streetscape work on lower State Street. Callanan Industries submitted the low bid of $1,089,000.  Metroplex previously awarded Callanan Industries the vault reconstruction contract for lower State. Mrs. Zalewski-Wildzunas made a motion to approve Resolution 898-14; seconded by Mr. Golub and approved. 

6.     Downtown Parking Project: Resolution 899-14 — Adopt the General Project Plan

The project rehabilitates the Franklin-Liberty parking lot and included a well-lighted, landscaped walkway connecting pedestrians to Jay Street pedestrian corridor, Center City and Proctors. A public hearing was held November 20th and no comments were received.  Resolution 899-14 authorized using bond proceeds to design and develop the project.  Ms. Jordan moved Resolution 899-14; seconded by Mr. Capovani. After discussion, Resolution 899-14 was approved.

7.     Downtown Parking Project: Resolution 900-14 — Accept Property

Resolution 900-14 authorized a property exchange with Schenectady Light Opera Company that was agreed upon in October 2009. The land is necessary for pedestrian walkway and also improves SLOC’s plans for an outdoor stage and the reuse potential of the site.  Mr. Lewis made a motion to accept property via Resolution 900-14; seconded by Mrs. Zalewski-Wildzunas and approved. 

8.     Downtown Parking Project: Resolution 901-14 — Award Paving Contract

Three firms bid the work to reconstruct the Franklin-Liberty parking lot, bury overhead electrical lines and add a the pedestrian-only sidewalk. Luizzi Bros. of Albany submitted the low bid of $434,800.  Mr. Chapman made a motion to approve Resolution 901-14; seconded by Mrs. Jordan and approved. 

9.     Franklin Plaza Project: Resolution 902-14 — Adopt the General Project Plan

The project involved the adaptive reuse of a 14,500 square foot vacant former tire dealership into a mixed-use building including new wellness and fitness amenities. Resolution 902-14 authorized a Metroplex grant in the amount of $75,000 for the exterior façade improvements using cash proceeds and $25,000 for sidewalk improvements along Lafayette Street from Chapel Street to Franklin using bond proceeds.  Mrs. Jordan moved Resolution 902-14; seconded by Mrs. Zalewski-Wildzunas and approved. 

Public Comment: None 

Board Comment:  None

Adjournment: Mr. Capovani moved to adjourn, seconded by Mrs. Zalewski-Wildzunas. The meeting was adjourned at 6:34 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
June 11, 2014

Present:             Ray Gillen, Bob Wall, Sharon Jordan, Ed Capovani, Bill Chapman, Bob Mantello and Karen Zalewski-Wildzunas

Absent:              John Mallozzi, Neil Golub, Brad Lewis and Janet Hutchison

Others:           Jayme Lahut, Jim Callander, David Hogenkamp and audience of 1

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Ms. Jordan moved adoption of the May 2014 meeting minutes; seconded by Mr. Wall and approved.

2.       Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending May 31, 2014, which was distributed prior to the meeting. He noted that the final figure for the first quarter sales tax receipts was not available yet and operating expenses continued to track under budget. Predevelopment expenses were tracking above budget year-to-date. Cash on hand was $12.2 million reflecting receipt of bond proceeds in January. Following brief discussion, Ms. Jordan moved to accept the Treasurer’s Report; seconded by Mr. Mantello, and approved.

3.       Quirky Inc. Project: Resolution 903-14 — Adopt General Project Plan

Metroplex held a public hearing on the project on May 28 and no written or oral comments were received. Resolution 903-14 authorized a Metroplex grant in the amount of $450,000 for leasehold improvements, tenant fit-up and other eligible expenses related to the establishment of the Schenectady office plus discounted parking for employees for one year.  Quirky Inc., a New York City based product development company, has leased 22,000 square feet of office space in Center City occupying the entire 4th and 5th floors. Quirky is investing over $1.4 million and anticipates hiring up to 180 employees. Mr. Wall moved Resolution 903-14; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 903-14 was approved. 

4.        Eastern Avenue Revitalization Project: Resolution 904-14 —  Award Demolition Contract

Five firms bid the work to remove asbestos materials, demolish structures, and perform final grading and seeding at 722, 803, 821 and 870 Eastern Avenue in the City of Schenectady.  Dan’s Hauling & Demo of Albany submitted the low bid of $138,563.  Demolition funding is provided by City of Schenectady IDA, which has authorized Metroplex to administer and remove unsafe buildings along Eastern Avenue.  Ms. Jordan moved Resolution 904-14; seconded by Mr. Capovani and approved. 

5.        Lofts II at Union Square Project: Resolution 905-14 —  Adopt General Project Plan

The project at 525 Union Street transforms a vacant lot into 10 loft-style downtown apartments with 2,370 square feet of ground floor retail space. The developer previously completed the adjoining Town Homes rowhouses on the same site. Resolution 905-14 authorized a $90,000 grant and an exemption from sales and use taxes, mortgage recording taxes and a Metroplex Pilot pursuant to §2667 of the Metroplex statute.  Mrs. Zalewski-Wildzunas moved Resolution 905-14; seconded by Ms. Jordan. After discussion, Resolution 905-14 was approved.

Public Comment: None

Board Comment:
  None

Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Ms. Jordan. The meeting was adjourned at 6:25 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
July 9, 2014

Present:             Ray Gillen, Bob Wall, Sharon Jordan, Brad Lewis, Bill Chapman, Bob Mantello and Neil Golub 

Absent:              John Mallozzi, Karen Zalewski-Wildzunas, Ed Capovani and Janet Hutchison 

Others:           Jayme Lahut, David Hogenkamp and an audience of 3

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.  Approval of Minutes: Mr. Golub moved adoption of the June 11, 2014 meeting minutes; seconded by Ms. Jordan and approved.

2.  Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending June 30, 2014, which was distributed prior to the meeting. He noted that revenues and operating expenses continued to track within budget. Predevelopment expenses were higher than budget and has been discussed in committee. Cash on hand totaled $11.86 million. Following brief discussion, Mr. Lewis moved to accept the Treasurer’s Report; seconded by Mr. Chapman, and approved.

3.  
Foster Building Renovation Project: Resolution 906-14 — Hold a Public Hearing

Sequence Development, LLC has presented Metroplex with an application to purchase Metroplex-owned property located at 508, 510 and 512 State Street and 204 Lafayette Street with plans for renovating and adaptively reusing the properties for mixed-use residential, commercial, office and retail purposes in downtown Schenectady.  The Foster Building at 508 State Street is listed on the National Register of Historic Places. Metroplex’s participation includes selling the complex based on a fair market appraised value for $475,000, making a $200,000 façade grant to restore of the distinctive Foster Beaux Arts exterior and tax exemptions for the project. Metroplex will hold a mortgage of $475,000 over 15-years.  Resolution 906-14 called for holding a public hearing. Mr. Wall moved Resolution 906-14; seconded by Mr. Lewis. Following discussion, Resolution 906-14 was approved. 

4.  Schenectady County Public Library Project: Resolution 907-14 — Adopt the General Project Plan

The streetscape project replaces the rundown and dated pedestrian infrastructure around the Schenectady County Library at 99 Clinton Street in downtown. The refurbishment will include sidewalk replacement, new landscaping and planters, and improving pedestrian plaza at the main entrance. Resolution 907-14 authorized a Metroplex grant of up $185,000 to be matched by funding by the County and the New York State Department of Education grant. Metroplex will manage the project, bid the work, pay project costs and secure reimbursement from the County.  Ms. Jordan moved Resolution 907-14; seconded by Mr. Chapman. After brief discussion, Resolution 907-14 was approved.

5.  Upper Union Street Repairs Project: Resolution 908-14 —  Adopt the General Project Plan

The upper Union Street sidewalks and intersections between Dean and Palmer Avenue are in need of repairs due to heavy use.  Working with City Engineering, replacement with a thermoplastic paving product has worked well in other parts of Schenectady. Resolution 908-14 re-allocates 65,793 in unspent funding from the Draper School /DAV Housing project, which became available when the property was sold to a private entity. Mr. Golub moved Resolution 908-14; seconded by Mr. Chapman and approved following discussion.

6.  37 Van Guysling Avenue Cleanup: Resolution 909-14 — SEQRA Negative Declaration

Metroplex and the City again have secured NYS DEC funding for the final clean-up phase at 37 Van Guysling Avenue.  Resolution 909-14 categorizes the project as an unlisted action under SEQRA with no significant effect on the environment. Mr. Mantello moved Resolution 909-14; seconded by Mr. Lewis and approved.

7.  37 Van Guysling Avenue Cleanup: Resolution 910-14 — Adopt the General Project Plan

NYS DEC estimated the clean-up cost $900,000 thereby making the City eligible for 90% reimbursement ($815,000). Resolution 910-14 authorized a Metroplex grant of $85,000 as the match to the DEC grant.  Ms. Jordan moved Resolution 910-14; seconded by Mr. Lewis and approved. 

Public Comment: Diane Hart of Niskayuna thanked the Board for their investment in pedestrian infrastructure on upper Union Street and would like to see similar improvements on Nott Street along the Co-Op Plaza. Elmer Bertsch of Niskayuna suggested listing Metroplex board members on its website and commented on statutory compliance requirements.

Board Comment: Mr. Gillen responded to Elmer Bertsch’s comments. Mr. Golub spoke about Ellis Hospital’s new emergency center opening and MiSci’s support for the Challenger Learning Center project. Mr. Chapman noted the recent relocation of YMCA residents to the new 845 Broadway facility.

Adjournment: Ms. Jordan moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:45 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
August 13, 2014


Present:             Ray Gillen, Brad Lewis, Bob Wall, Ed Capovani, Neil Golub, Bill Chapman, and Karen Zalewski-Wildzunas

Absent:              John Mallozzi, Bob Mantello, Sharon Jordan, and Janet Hutchison

Others:              Jayme Lahut, David Hogenkamp and an audience of 2

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

 1.    Approval of Minutes: Mr. Golub moved adoption of the July 9, 2014 meeting minutes; seconded by Mr. Lewis and approved.

 2.    Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending July 31, 2014, which was distributed prior to the meeting. He noted that the sales tax revenue was higher year-to-date leading to an increase in overall income. Operating expenses tracked below budget, while predevelopment expenses exceeded budget due to increased development activities. Cash on hand totaled $12.7 million. Following brief discussion, Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report; seconded by Mr. Capovani, and approved.

3.    Mohawk Harbor Development Project: Resolution 911-14 — Accept Draft Supplemental Environmental Impact Statement  as Complete and Hold a Public Hearing 

Resolution 911-14 resumed the Authority’s environmental review of the Alco site by determining the Supplemental Draft Generic Environmental Impact Statement (SDGEIS) as complete and calling for a public hearing. The document updates and revises the May 2010 Environmental Impact Statement adopted by Metroplex.  The developer, Maxon Alco Holdings, LLC, has proposed a larger scale, mixed-use development project.  Mrs. Zalewski-Wildzunas moved Resolution 911-14; seconded by Mr. Lewis. Discussion followed.

Mr. Capovani had a series of questions about the project’s effect on the neighboring tenants within the site. Mr. Gillen asked to convene in executive session since the matter involved a potential real estate transaction. Mrs. Zalewski-Wildzunas moved to convene in executive session to discuss the matter which involved the prospective acquisition, sale or lease of real property; seconded by Mr. Lewis.  The Board entered into executive session at 6:15pm.  At 6:30pm Mrs. Zalewski-Wildzunas moved and Mr. Wall seconded closing executive session.  Mr. Gillen indicated that no votes or other authorizations were undertaken during the session.  Following discussion, Resolution 911-14 was approved with six ayes and one no (Mr. Capovani). 

4.    140 Erie Boulevard Façade Project: Resolution 912-14 — Adopt the General Project Plan

The project involved façade improvements to the two-story 16,699 square foot commercial building, which dates back to the 1880’s, located at 140 Erie Blvd.  Resolution 912-14 authorized a Metroplex grant in the amount of $50,000 for exterior façade improvements on a dollar-for-dollar match. Mrs. Zalewski-Wildzunas moved Resolution 912-14; seconded by Mr. Wall and approved following discussion.

5.     Foster Building Renovation Project: Resolution 913-14 — SEQRA/Negative Declaration

Resolution 913-14 characterized the project as an Unlisted Action pursuant to SEQRA with no significant effect on the environment.  The action involved the sale of the former Hotel Foster complex and the adaptive reuse and renovation of the facility for mixed-use residential, commercial, office and retail purposes.  Mrs. Zalewski-Wildzunas moved Resolution 913-14; seconded by Mr. Lewis and approved.

6.     Foster Building Renovation Project: Resolution 914-14 — Adopt the General Project Plan

A public hearing on the proposed project was held on July 30 and no comments have been received. The developer, Sequence Development of Troy, will renovate the four-building complex and reuse for residential, commercial, office and retail purposes.  Resolution 914-14 authorized Metroplex to sell the property for $475,000, hold a mortgage at 4% interest, and make a $200,000 grant in support of the adaptive reuse of the historic building. Mrs. Zalewski-Wildzunas moved Resolution 914-14; seconded by Mr. Golub. Following brief discussion, Resolution 914-14 was approved unanimously.

7.    Proctors Theatre EPF Project: Resolution 915-14 —  Adopt the General Project Plan

Proctors Theatre was awarded a $455,000 State grant for final restoration work in the historic vaudeville theater. The total project cost is $600,000. Resolution 915-14 authorized Metroplex to distribute $350,000 in progress payments to Proctors, which will be reimbursed by the State grant.  Mr. Golub moved Resolution 915-14; seconded by Mr. Lewis and approved following discussion.

8.    Former Rotterdam Grand Union Renovation: Resolution 916-14 — Adopt the General Project Plan

Resolution 916-14 authorized Metroplex to make a grant of $95,000 for exterior façade improvements as part of the renovation of the long vacant 32,600 square foot Grand Union at 2696 Hamburg Street in Rotterdam.  Highbridge Development plans to retrofit the building into two commercial units with the larger 25,000 square foot space to be fit-up as the expanded home of Superior Business Office Products.  Mrs. Zalewski-Wildzunas moved Resolution 916-14; seconded by Mr. Wall and approved.

9.    Robinson Block Project: Resolution 917-14 — Commence Real Property Disposition

Resolution 917-14 initiated the state-mandated process for disposition of real property for fair market value. Before the Metroplex Board can formally convey property, §2896(1) of New York Public Authorities Law requires disclosure of the transaction and allows for a 90-day notice period. Consideration of Metroplex’s participation in the transaction will occur at a subsequent Metroplex Board meeting.  Mr. Lewis moved Resolution 917-14; seconded by Mr. Chapman and approved.

Public Comment: None

Board Comment: Mr. Gillen thanked Attorney General Eric Schneiderman for his office’s support for the Eastern Avenue Revitalization Project and for traveling to Schenectady to announce the new Land Bank funding round. 

Adjournment: Mr. Golub moved to adjourn, seconded by Mrs. Zalewski-Wildzunas. The meeting was adjourned at 6:55 p.m.

Respectfully submitted, 

Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
September 10, 2014

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Ed Capovani, Bill Chapman, Neil Golub Bob Mantello and Karen Zalewski-Wildzunas

Absent:              Bob Wall and John Mallozzi

Others:              Jayme Lahut, David Hogenkamp and an audience of 1

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Mr. Golub moved adoption of the August 13, 2014 meeting minutes; seconded by Mrs. Zalewski-Wildzunas and approved.

2.       Treasurer’s Report: Mr. Lahut reviewed the Treasurer’s Report for the period ending August 31, 2014, which was distributed prior to the meeting. He noted that revenues are ahead of budget because sales tax receipts were higher than forecast. Operating expenses continued to track within budget. The Predevelopment Budget was discussed at the recent Fiscal Audit Committee, which is tracking higher than expected, but the committee recommended no changes to the budget. Cash on hand totaled $12.2 million. Following brief discussion, Mr. Lewis moved to accept the Treasurer’s Report; seconded by Mr. Golub, and approved.

3.       CTDI Project: Resolution 918-14 — Authorization to Adopt the General Project Plan

In November 2013, Metroplex led Schenectady County’s unified economic development team in securing an $11 million, 151,000 square foot facility for CTDI in the Glenville Business and Technology Park.  The project opened in July and of the 180 employees planned to be hired, 120 are already employed.  Founded in 1975, Communications Test Design Inc. (CTDI) offers a broad array of services from repairing set-top box/cable modems, cell site equipment and data networks, to engineering services and distributing wireless equipment.  CTDI employs 6,800 people at 70 facilities worldwide.  Resolution 918-14 authorized a Metroplex grant of $175,000 grant in support of the project using bond proceeds from the Smart Growth Initiative Fund.  Mr. Capovani moved Resolution 918-14; seconded by Mr. Lewis. After brief discussion, Resolution 918-14 was approved.

4.       Schenectady County Public Library Project: Resolution 919-14 — Award Contract

Resolution 919-14 authorized Metroplex to contract with Jersen Construction to replace sidewalks, rebuild tree planters and reestablish the landscaped areas in front of the Library main branch in downtown Schenectady.  Jersen Construction was the lowest qualified bidder at $309,000.  Ms. Jordan moved Resolution 919-14; seconded by Mr. Mantello. After brief discussion, Resolution 919-14 was approved.

5.       Lower State Street Project: Resolution 920-14 —  Adopt the Amended General Project Plan

Resolution 920-14 increased the project budget by $241,000 to complete additional work, primarily filling in or repairing 54 underground vaulted areas that had been uncovered.  (The original scope of work identified 17 vaults.) The improvements will help Metroplex attract new development opportunities from Erie Blvd. to SCCC.  Mr. Mantello moved Resolution 920-14; seconded by Ms. Jordan.  Following discussion, Resolution 920-14 was approved.  

6.        
Lower State Street Project: Resolution 921-14 — Make Application to National Grid

Resolution 921-14 authorized Metroplex to make application to National Grid for a $250,000 grant in support of the streetscape project. National Grid’s Urban Center/Commercial District Revitalization program supports “smart growth” investment in central business districts and commercial corridors.  If awarded, the grant would offset street lighting expenses and certain infrastructure improvements.  Mrs. Zalewski-Wildzunas moved Resolution 921-14; seconded by Mr. Chapman.  Following discussion, Resolution 921-14 was approved. 

Public Comment:
None

Board Comment: Mr. Golub updated the Board on Ellis Hospital’s role in the community, improved services and facilities, including the recently built emergency center.

Adjournment: Ms. Jordan moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:30 p.m.

Respectfully submitted,


Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
October 8, 2014

Present:             Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Ed Capovani, Bill Chapman, Bob Mantello and Karen Zalewski-Wildzunas

Absent:              Neil Golub, Janet Hutchison and John Mallozzi

Others:              Jayme Lahut, Jim Callander, David Hogenkamp and an audience of 4

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.     Approval of Minutes: Ms. Jordan moved adoption of the September 10, 2014 meeting minutes; seconded by Mrs. Zalewski-Wildzunas and approved.

2.     Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending September 30, 2014, which was distributed prior to the meeting. Revenues are ahead of budget because sales tax receipts were higher than forecast. Operating expenses continued to track within budget. Predevelopment expenses had stabilized. Cash on hand totaled $11 million. Following brief discussion, Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report; seconded by Mr. Mantello and approved

3.    Mohawk Harbor Development Project: Resolution 922-14 — Accept Final Supplemental Generic Environmental Impact Statement as Complete

The Final Supplemental Generic Environmental Impact Statement (FSGEIS), including the transcript and written comments received during the comment period, was distributed to the board prior to the meeting. Resolution 922-14 made a determination that the environmental review of the Mohawk Harbor site was complete. Mrs. Zalewski-Wildzunas moved resolution 922-14; seconded by Mr. Wall and approved unanimously.

4.      13 State Street / YMCA Redevelopment Project: Resolution 923-14 — Memorandum of Understanding

Resolution 923-14 authorized entering into a Memorandum of Understanding (MOU) with Albany-based developer Norstar Development USA for redeveloping the former YMCA at 13 State Street. Norstar is nationally recognized for its residential, senior and affordable housing development projects with properties in New York, Texas, Michigan and Florida. Norstar is proposing a $15 million adaptive reuse and converting the now vacant YMCA into 60 senior apartments with first floor community space.  The MOU assists with demonstrating site control and securing project financing. Mr. Mantello moved Resolution 923-14; seconded by Mr. Wall. Discussion followed and Resolution 923-14 was approved.

5.     Retain Legal Services: Resolution 924-14 — Retain Gleason, Dunn, Walsh & O'Shea

Resolution 924-14 authorized retaining Gleason, Dunn, Walsh & O’Shea as transactional counsel for Metroplex counsel. The relationship with Authority Counsel, Whiteman Osterman & Hanna remains unchanged.  Ms. Jordan moved Resolution 924-14; seconded by Mr. Lewis. After brief discussion, Resolution 924-14 was approved.

Public Comment: Niskayuna resident Diane Hart supported the adaptive reuse of the YMCA building.

Board Comment: Mr. Wall and other board members reminisced about their experiences residing at the YMCA many years ago.

Adjournment: Ms. Jordan moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:25 p.m.

 

Respectfully submitted,

Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
October 22, 2014

Present:             Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Ed Capovani, Bill Chapman, Neil Golub, Bob Mantello, John Mallozzi and Karen Zalewski-Wildzunas

Absent:              None

Others:              Jayme Lahut, Jim Callander and an audience of 6

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes: Mr.  Golub moved adoption of the October 8, 2014 meeting minutes; seconded by Ms. Jordan and approved. (Mr. Lewis was absent.)

2.        Mohawk Harbor Development Project: Resolution 925-14 — Adopt SEQRA Findings Statement

Resolution 925-14 completed the state-mandated environmental review of the Mohawk Harbor project by adopting the final statement that will guide local and state agency review of all future development activities on the site. The findings statement concluded that no significant adverse effects are expected to occur either singularly or cumulatively and that no adverse impacts were identified that cannot be avoided or mitigated. Mr. Lewis moved resolution 925-14; seconded by Mr. Golub. Following brief discussion, Resolution 925-14 was approved unanimously.

3.       DoubleTree by Hilton Hotel Project: Resolution 926-14 — SEQRA Negative Declaration

Resolution 926-14 designated the project as an Unlisted Action pursuant to SEQRA with no significant effect on the environment. The action involved the reconstruction of the former Holiday Inn to a 124-room DoubleTree by Hilton located at 100 Nott Terrace in Schenectady.  Mrs. Zalewski-Wildzunas moved Resolution 926-14; seconded by Mr. Lewis and approved.

4.       DoubleTree by Hilton Hotel Project: Resolution 927-14 — Adopt the General Project Plan

Resolution 927-14 authorized making a $250,000 as part of the conversion of the Holiday Inn to a DoubleTree by Hilton. Plans call for a larger facility with upgraded building systems, swimming pool and other amenities. An affiliated entity of Schahet Hotel, owners of the downtown Hampton Inn, is investing $13 million in the project. TD Bank is the lead lender. Mrs. Zalewski-Wildzunas moved Resolution 927-14; seconded by Mr. Lewis. After discussion, Resolution 927-14 was approved.

5.        NYBizLab Façade Project: Resolution 928-14 — Adopt the General Project Plan

The former First Niagara Bank building at 251 State Street was purchased by Civco Realty Corporation that previously redeveloped 440 State Street as headquarters for Transfinder. Civco has been certified by New York State to undertake a business incubator and accelerator project under the Start-up New York initiative. The building will house software and technology businesses participating in the State’s tax-free start-up zone as well as retaining First Niagara Bank branch on the ground floor. Civco is investing $1.8 million in asbestos abatement, significantly upgrading the building facades on State Street and Liberty Street, and tenant fit-up in 26,000 square foot facility. Metroplex’s financial assistance involved a $300,000 façade grant. Mr. Lewis moved Resolution 928-14; seconded by Ms. Jordan. After discussion, Resolution 928-14 was approved.

6.       FY-2015 Budget: Resolution 929-14 — Adopt Fiscal Year 2015 Budget

The Fiscal Audit Committee recommended adoption of the 2015 budget, which reflected growth in sales tax revenue, slightly higher operating expenses, and a modest increase in the predevelopment budget that keeps pace with development activities. Mr. Lewis moved Resolution 929-14; seconded by Mrs. Zalewski-Wildzunas and approved following discussion.

Public Comment: David Buicko, Galesi group COO, thanked the Board for its diligence in completing the SEQRA review for the Mohawk Harbor project.

Board Comment: Mr. Gillen updated the members about revitalizing Eastern Avenue neighborhood in Schenectady with the recent Land Bank award of $3 million and the City’s complementary efforts in securing $3 million in HUD 108 funding. Mr. Golub spoke about activities at MiSci including the Challenger Learning Center initiative.

Adjournment: Mr.  Golub moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:20 p.m.

Respectfully submitted, 

Jayme B. Lahut
Executive Director

 

2013 MEETING MINUTES

Schenectady Metroplex Development Authority
Board Meeting Minutes
January 16, 2013

Present:          Ray Gillen, Brad Lewis, Sharon Jordan, Bob Wall, Neil Golub, Bob Mantello, Bill Chapman and Karen Zalewski-Wildzunas  

Absent:           Ed Capovani, Janet Hutchison and John Mallozzi

Others:           Jayme Lahut, Jim Callander and Connie Cahill (Counsel) and audience of 1

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.       Approval of Minutes:  Mrs. Zalewski-Wildzunas moved adoption of the November 14, 2012 meeting minutes; seconded by Ms. Jordan and approved (Mr. Lewis was absent).

2.     Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending December 31, 2012 which was distributed prior to the meeting. He reported that 2012 income exceeded budget by $224,000 and operating expenses were on budget. Cash on hand was $1.4 million. Mr. Golub moved to accept the Treasurer’s Report; seconded by Mrs. Zalewski-Wildzunas and approved (Mr. Lewis was absent).

3.      John-Paul Builders, LLC / Broadway Apartments:  Resolution 798-13 — Hold a Public Hearing

Located at the corner of Broadway and Hamilton Street, the applicant proposed a $2.9 million, 3-story, 24,400 square foot mixed-use facility containing 18 apartments, ground floor retail space and parking for 30+ vehicles. Resolution 798-13 called for a public hearing as Metroplex’s participation involves selling a .56 acre parcel within the Clinton South parking lot to the developer for the appraised value of $97,500; a $270,000 construction loan and $40,000 per year (up to three years) supplemental grant for unleased ground floor retail space. First National Bank of Kinderhook is the lead lender for the project. Ms. Jordan moved Resolution 798-13; seconded by Mrs. Zalewski-Wildzunas. After discussion, Resolution 798-13 was approved.

4.       108 Union Street Façade Project: Resolution 799-13 — Adopt the General Project Plan

The project involved a $40,000 façade grant to assist the owner with meeting Schenectady Historic District Commission requirements for 108 Union Street. The existing masonry façade requires repainting and repointing, which will be completed by the spring. Mr. Lewis moved Resolution 799-13; seconded by Mr. Wall. Resolution 799-13 was approved.

5.      2013 Bond Anticipation Note (BANs):  Resolution 800-13A — Ninth Supplemental Bond Resolution

Authority Bond Counsel, Connie Cahill, explained the process and mechanics for the issuance of bond anticipation notes. Resolution 800-13A authorized the issuance of up to $5,000,000 in BANs relating to the GEMx Advanced Battery project. The GEMx project has been completed with GE investing $170 million and creating 450 new jobs in Schenectady. Ms. Jordan moved Resolution 800-13A; seconded by Mr. Lewis. Following discussion, Resolution 800-13A was approved.

6.       2013 Bond Anticipation Note:  Resolution 800-13B — Authorize Sale of Bonds and Notes

The resolution authorized the Chairman to review and approve a publicly negotiated sale of the BANs, which is consistent with the Authority’s formal policy on the Sale and Reporting of Bonds and Notes. Mr. Lewis moved Resolution 800-13B; seconded by Ms. Jordan and approved.

 7.     2013 Bond Anticipation Note:  Resolution 801-13 — Retain Bond Underwriter

Resolution 801-13 authorized retaining RBC Capital Markets to act as bond underwriter for the Authority’s issuance of BANs at a cost of approximately $11,200. Ms. Jordan moved Resolution 801-13; seconded by Mr. Lewis and approved.

 8.     Rotterdam Corporate Park / Building 14:  Resolution 802-13

In 2008, Metroplex purchased Building 14 at the Rotterdam Corporate Park for $1 million, which was recouped in full via a 3-year pre-paid master lease with FG Rotterdam Holdings, LLC, an affiliated entity of the Galesi Group. Recently FG Rotterdam Holdings extended the master lease through 2017. Resolution 802-13 authorized extending the provision for acquiring the facility until March 1, 2014.  Mr. Golub moved Resolution 802-13; seconded by Mr. Lewis and approved.

 9.     Auditing Services Contract:  Resolution 803-13 — Bollam, Sheedy, Torani & Co., CPAs

Resolution 803-13 authorized entering into a three-year contract with BST & Co. LLP for preparing the annual audits for 2012, 2013 and 2014 following review of six proposals submitted as part of a competitive RFP process.  The Fiscal Audit Committee recommended accepting BST’s proposal.  Mr. Golub moved Resolution 803-13; seconded by Mrs. Zalewski-Wildzunas and approved after discussion.

10.    Accounting Services Contract:  Resolution 804-13 — Robert L. Kristel, CPA P.C.

Resolution 804-13 authorized a $48,000 annual contract with Robert L. Kristel for on-call accounting services, preparing quarterly review statements and year-end financials, bond reporting and assisting with the annual audit. There was no change in compensation from prior years. Ms. Jordan moved Resolution 804-13; seconded by Mrs. Zalewski-Wildzunas and unanimously approved

11.    Parking Maintenance Contract: Resolution 805-13 Pachucki Trucking Co., Inc.

Resolution 805-13 authorized a modest increase of $12,000 for the third year of a 3-year contract with Rich Pachucki Trucking for maintaining, cleaning and clearing Metroplex parking facilities from snow and debris. Mr. Wall moved Resolution 805-13; seconded by Mr. Lewis and approved.

Public Comment — None

Board Comment — There was discussion of the new housing at 845 Broadway and an update on the Erie Boulevard project.

Adjournment:  Mr. Golub made a motion to adjourn, seconded by Mrs. Zalewski-Wildzunas.  The meeting was adjourned at 6:55 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes

February 13, 2013

Present:    Ray Gillen, Brad Lewis, Sharon Jordan, Bob Wall, Neil Golub, Bob Mantello, Janet Hutchison, Bill Chapman, John Mallozzi and Karen Zalewski-Wildzunas  

Absent:           Ed Capovani

Others:           Jayme Lahut, Jim Callander and an audience of 3

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.    Approval of Minutes:  Mr. Golub moved adoption of the January 16, 2013 meeting minutes; seconded by Ms. Jordan and approved.

2.   John-Paul Builders, LLC / Broadway Apartments:  Resolution 806-13 Adopt the General Project Plan

The public hearing was held on February 7 and no oral or written comments were received. The $2.9 million mixed-use facility allows for ground floor retail, 18 apartments and parking for 30+ vehicles. Resolution 806-13 authorized the sale of a .56-acre parcel for the market value of $97,500; a $270,000 construction loan and $40,000 per year (up to three years) supplemental grant for unleased ground floor retail space.  Mrs. Zalewski-Wildzunas moved Resolution 806-13; seconded by Mr. Lewis and approved after brief discussion.

3.     Downtown Schenectady Improvement Corporation: Resolution 807-13 — Adopt the General Project Plan

Resolution 807-13 involved a $160,650 grant in support of DSIC’s cleaning and beautification activities keeping the downtown clean, neat and safe 7-days a week. Working with DISC staff and board, Metroplex’s participation involved a ten percent reduction from last year. Ms. Jordan moved Resolution 807-13; seconded by Mr. Wall. After discussion about the program, Resolution 807-13 was approved (Mrs. Hutchison abstained).

4.      845 Broadway Housing Project:  Resolution 808-13 — Adopt the General Project Plan

The proposed $25 million adaptive reuse of a four-story, 95,000 square foot vacant building at 845 Broadway involved conversion to 155 efficiency apartments for low-income and homeless veterans, most of whom reside at the YMCA at 13 State Street. The project has secured $11 million in housing tax credit; a $5.5 million NYS grant; $7 million in historic tax credits; and, substantial developer equity. Resolution 808-13 authorized a $50,000, 1% 20-year loan. Ms. Jordan moved Resolution 808-13; seconded by Mr. Golub. Discussion followed in support of the project by investing $50,000 to obtain a $25 million project. Resolution 808-13 was approved unanimously.

5.    510 Union Street, LLC: Resolution 809-13 — Approve Mortgage Subordination

The owners of 510 Union Street secured refinancing from Berkshire Bank with more favorable terms to replace a Key Bank loan. Resolution 809-13 authorized accepting a second mortgage behind Berkshire Bank. Mrs. Zalewski-Wildzunas moved Resolution 809-13; seconded by Mr. Lewis and approved.

6.     National Grid Emergency Commercial District Investment Grant Assistance: Resolution 810-13 — Make Application and Distribute Program Grant Proceeds

National Grid offered assistance to eligible businesses and institutions for non-insurable restitution in the aftermath of Hurricane Irene and Tropical Storm Lee. Metroplex may apply for and disburse grant awards. Resolution 810-13 authorized Metroplex to make application to National Grid and disburse the grants on behalf of the following entities: Capitaland Truck Parts (Rotterdam Junction) for $24,301.50; Beukendaal Masonic Lodge #95, (Scotia) for $25,000; and SCCC for $100,000. Ms. Zalewski-Wildzunas moved Resolution 810-13; seconded by Mr. Wall. After discussion, Resolution 810-13 was approved.

7.   Project Reconciliation and Accounting: Resolution 811-13 — Release of Unexpended Project Obligations

Resolution 811-13 listed 17 completed projects where Metroplex did not spend all the funds authorized by the Board. For purposes of the 2012 audit, Resolution 811-13 recaptures $329,597, which may be dedicated to other projects and activities. Ms. Zalewski-Wildzunas moved Resolution 811-13; seconded by Mr. Lewis and approved after brief discussion.

8.     Project Reconciliation and Accounting: Resolution 812-13 — Allocate Additional Funds for Unbudgeted Project Expenditures

Resolution 812-13 identified three projects completed in 2012 where expenses exceeded the Board allocation. For purposes of the 2012 audit, Resolution 812-13 allotted an additional $20,760 for the projects. Ms. Zalewski-Wildzunas moved; seconded by Mr. Mantello.  Resolution 812-13 was approved.

Public Comment: Jim Salengo, DSIC Executive Director, thanked the Board for their support and reported on DSIC marketing activities. Bob Harvey, Schenectady United Neighborhoods (SUN), noted SUN’s support of Metroplex activities in the City of Schenectady.

Board Comment: Ray Gillen updated the Board on development efforts on lower State Street. Discussion followed about Schenectady’s high commercial office space occupancy rate just published by CBRE compared to other cities in the area.

Adjournment:  Mr. Golub made a motion to adjourn, seconded by Mr. Lewis.  The meeting was adjourned at 6:30 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes

March 20, 2013

Present:          Ray Gillen, Brad Lewis, Sharon Jordan, Bob Wall, Janet Hutchison, Bill Chapman, Ed Capovani and Karen Zalewski-Wildzunas  

Absent:           Neil Golub, John Mallozzi and Bob Mantello

Others:           Jayme Lahut, Jim Callander and audience of 1

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.        Approval of Minutes:  Ms. Jordan moved adoption of the February 13, 2013 meeting minutes; seconded by Mrs. Zalewski-Wildzunas and approved (Mr. Lewis was absent.)

2.      Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending February 28, 2013 which was distributed prior to the meeting. For the two-month period he noted that income was slightly below forecast before adjustments for accrued sales tax receipts. Operating expenses were below budget. Cash on hand was $2,370,047. The Treasurer’s Report was moved by Mrs. Zalewski-Wildzunas; seconded by Mr. Capovani and approved (Mr. Lewis was absent).

3.        Annual Meeting: Resolution 813-13 — Election of Officers

In accordance with the By-Laws, Resolution 813-13 appointed Sharon Jordan as Secretary and Bob Wall as Treasurer. Mr. Capovani moved Resolution 813-13; seconded by Mrs. Zalewski-Wildzunas and approved (Mr. Lewis was absent).

4.        2012 Audit:  Resolution 814-13 — Adopt 2012 Comprehensive Audit

The Fiscal Audit Committee recommended adoption of the FY-2012 audit. The audit was characterized as unqualified and clean by the Authority’s auditors, Bollam, Sheedy, Torani CPAs, who presented the audit at the last committee meeting. Mr. Wall moved Resolution 814-13; seconded by Mr. Chapman and approved (Mr. Lewis was absent).

5.     Purchase 25 Mohawk Avenue, Village of Scotia; Resolution 815-13 — SEQRA

Resolution 815-13 designated the project as an Unlisted Action pursuant to SEQRA without any significant effect on the environment. The project involves purchase of a 1.1 acre parcel at 25 Mohawk Avenue in Scotia and removal of oils in the ground, which prepares the site for redevelopment. The environmental review addressed these issues.  Mr. Capovani moved Resolution 815-13; seconded by Mr. Lewis and approved.

 6.       Purchase 25 Mohawk Avenue, Village of Scotia: Resolution 816-13 — Adopt the General Project Plan

Resolution 816-13 authorized the purchase of 25 Mohawk Avenue for nominal consideration from McDonalds USA and budgeted $250,000 for engineering fees, site cleanup, broker fee and project-related expenses plus $50,000 for closing costs, insurance, and expenses following acquisition. Metroplex expects to recoup most of the project costs from sale of the property for redevelopment. Mr. Capovani moved Resolution 816-13; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 816-13 was approved.

7.      Policy Compliance: Resolution 817-13: Investment Policy and Adopt 2012 Report

Resolution 817-13 reauthorized the Authority’s Investment Policy and filed its 2012 Investment Report with the Authority Budget Office. Ms. Jordan moved Resolution 817-13; seconded by Mrs. Zalewski-Wildzunas and unanimously approved.

8.      Policy Compliance: Resolution 818-13 — Reauthorize Procurement Guidelines

The Procurement Guidelines were updated and recommended for adoption following review by the Fiscal Audit Committee. Ms. Jordan moved Resolution 818-13; seconded by Mrs. Zalewski-Wildzunas and unanimously approved.

 9.     Policy Compliance: Resolution 819-13 — Reauthorize Master Goal Plan

The policy addresses the requirements under Executive Law 15-A for procuring and using State-certified M/WBE businesses in acquiring goods and services. Ms. Jordan moved Resolution 819-13; seconded by Mrs. Zalewski-Wildzunas and approved.

10.    Policy Compliance:  Resolution 820-13 — Reauthorize Real Property Policy

Resolution 820-13 reauthorized the Real Property Disposition policy, reaffirmed the Executive Director as compliance officer, and accepted the 2012 report listing all property held by and/or disposed of during the prior year. Ms. Jordan moved Resolution 820-13; seconded by Mrs. Zalewski-Wildzunas and approved.

11.    Policy Compliance: Resolution 821-13: Reauthorize Financial Assistance Administration Policy

The policy was amended to better establish the responsibilities and obligations of the Fiscal Audit Committee and the Board. The Fiscal Audit Committee reviewed, considered and recommended adoption of the policy. Ms. Jordan moved Resolution 821-13; seconded by Mrs. Zalewski-Wildzunas and approved.

12.    Policy Compliance:  Resolution 822-13: Reauthorize Committee Charters

The Governance and Fiscal Audit Committees recommended adoption of their respective Charters as required by the ABO.  Ms. Jordan moved Resolution 822-13; seconded by Mrs. Zalewski-Wildzunas and approved.

13.    Policy Compliance: Resolution 823-13: Reauthorize Guidelines for the Sale and Reporting of Bonds and Notes

Metroplex must annually reaffirm its policy regarding procurement of services in connection with the issuance of bonds. The guidelines were established by the NYS Comptroller, so no changes were made. Ms. Jordan moved Resolution 823-13; seconded by Mrs. Zalewski-Wildzunas and approved.

14.    Policy Compliance: Resolution 824-13: Adopt Mission Statement and 2012 Report      

The ABO requires annual adoption of the Authority’s mission statement and report on its 2012 accomplishments, which was reviewed by the Governance Committee. Ms. Jordan moved Resolution 824-13; seconded by Mrs. Zalewski-Wildzunas and approved.

Public Comment — None

Board Comment — During a discussion about real estate property acquisitions, Ms. Jordan moved to enter into an executive session to discuss contractual issues associated with the proposed purchase; seconded by Mr. Lewis and approved unanimously. The Executive Session convened at 6:20 p.m. and adjourned at 6:35 p.m.  Mr. Gillen stated that no voting occurred and that no decisions were made during the private session.

Adjournment — Ms. Jordan moved to adjourn the meeting; seconded by Mr. Lewis. The meeting adjourned at 6:40 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes

April 10, 2013

Present:      Ray Gillen, Brad Lewis, Sharon Jordan, Bob Wall, Bill Chapman, Ed Capovani, Robert Mantello, and Karen Zalewski-Wildzunas   

Absent:      Neil Golub, Janet Hutchison and John Mallozzi

Others:      Jayme Lahut, Jim Callander and Chuck Steiner

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.     Approval of Minutes:  Ms. Jordan moved adoption of the March 20, 2013 meeting minutes; seconded by Mrs. Zalewski-Wildzunas and approved.

2.    Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending March 31, 2013 which was distributed prior to the meeting. He noted that operating expenses were below budget, income was slightly ahead of budget and cash on hand totaled $1,947,062. The Treasurer’s Report was moved by Mrs. Zalewski-Wildzunas; seconded by Mr. Capovani and approved.

3.     Stratton Air National Guard Support Grant: Resolution 825-13 — Adopt the General Project Plan

Resolution 825-13 authorized a $25,000 grant matching a $125,000 State grant in support of base retention efforts at Stratton Air National Guard Base in Glenville and the Military Reserve Centers in Glenville and Niskayuna. The Schenectady Chamber’s Schenectady Military Affairs Committee (SMAC) will lead the retention effort with preparation of a regional economic impact study; analyze the real cost of base realignment and closure and update the SMAC website.  Mr. Capovani moved Resolution 825-13; seconded by Mr. Wall. Following discussion, Resolution 825-13 was approved (Mrs. Zalewski-Wildzunas abstained).

4.     Lower State Street Revitalization Project: Resolution 826-13 — Hold a Public Hearing

Resolution 826-13 called for a public hearing for a project that may involve using Metroplex bonds. The project involved curbs, sidewalk, and street lighting replacement, street repaving and other amenities on State Street from Erie Boulevard to N. Church Street. The Metroplex-sponsored initiative has gained City support and is budgeted at $1,675,000.  Ms. Jordan   moved Resolution 826-13; seconded by Mr. Mantello.  Discussion followed in support of the project and consideration for extending the street improvements beyond Church Street. Resolution 826-13 was approved.

Public Comment — Chuck Steiner, President of the Schenectady County Chamber, thanked the Board for their continuing support of the Stratton Air National Guard Base and noted that the Chamber is investing $25,000 in-kind for the base retention efforts. 

Board Comment — none

Adjournment — Mr. Lewis moved to adjourn the meeting; seconded by Ms. Jordan. The meeting adjourned at 6:30 p.m.

Respectfully submitted,


Jayme Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes

May 8, 2013

Present:       Ray Gillen, Brad Lewis, Bob Wall, Neil Golub, Bill Chapman, Ed Capovani, Janet Hutchison and Karen Zalewski-Wildzunas  

Absent:       Sharon Jordan, John Mallozzi and Bob Mantello

Others:       Jayme Lahut, Jim Callander and audience of 1

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.


1.     Approval of Minutes: Mr. Lewis noted that Bob Mantello should be added to the attendee list and moved adoption of the April 10, 2013 meeting minutes as amended. Mrs. Zalewski-Wildzunas seconded and the minutes were approved.

2.   Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending April 30, 2013 which was distributed prior to the meeting. He noted that the sales tax revenue income was an estimate, but actual income results would be available soon. Operating expenses remained well below budget. Cash on hand was $1,947,062. Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report, seconded by Mr. Golub and approved.

3.     200-202 State Street Mixed-use Project: Resolution 827-13 — SEQRA

The project involved acquisition of land and buildings at 200 State Street and converting the former Spencer Business Institute into 11 loft-style one bedroom apartments with ground floor retail space; and, the purchase of the former WGY Stamp Building at 142 State Street, demolishing the structure to make way for tenant parking. Resolution 827-13 designated the project as an Unlisted Action pursuant to SEQRA with no significant effect on the environment. Mrs. Zalewski-Wildzunas moved Resolution 827-13; seconded by Mr. Golub and approved.      

4.      200-202 State Street Mixed-use Project: Resolution 828-13 — Adopt the General Project Plan

Resolution 828-13 authorized a $135,000 grant for façade improvements to the former Spencer Business Institute building and a $50,000 grant for demolition of the blighted former WGY Stamp building and paving/landscaping costs for making it a parking lot suitable for the project. The resolution authorized an exemption from sales and use taxes, mortgage recording taxes and real property taxes with PILOT payments totaling $1,500 per unit rising to $2,000 per unit producing substantial new revenues for local tax jurisdictions over current property tax payments.  Mrs. Zalewski-Wildzunas moved Resolution 828-13; seconded by Mr. Wall. Following discussion about the project design, condition of sidewalks and façade features, Resolution 828-13 was approved.

5.    2013 Parking Infrastructure Improvements (Broadway South Lot / Broadway Garage):  Resolution 829-13 — Hold a Public Hearing

Resolution 829-13 authorized holding a public hearing on completing the reconstruction of the Broadway South parking lot, including altering the vehicular connection to Van Guysling Avenue as well as undertaking certain repairs within the Broadway Garage. The Broadway Lot work would include resurfacing, restriping, new lighting, fencing and landscaping. Garage repair work would consist of patching surfaces, replacing joints, grouting, painting, and installing a new concrete pad at the entry gate. Project costs are estimated at $800,000. Mr. Golub moved Resolution 829-13; seconded by Mrs. Zalewski-Wildzunas and, after brief discussion, approved.

6.     Integra Development Façade Project: Resolution 830-13 — Adopt the General Project Plan

Resolution 830-13 authorized a $39,000 façade grant for exterior restoration and improvements at 318 Broadway, a two-story, 4,700 square foot building owned by Integra Development, LLC since 2003.  The $83,700 façade project includes extensive masonry, repointing, repainting as well as minor demolition for new window and door installation and new signage. The project allows Integra to lease the ground floor space for retail or office uses. Mrs. Zalewski-Wildzunas moved Resolution 830-13; seconded by Mr. Chapman and approved. 

7.     25 Mohawk Avenue, Scotia: Resolution 831-13 — Award Remediation Contract

Metroplex competitively bid the removal of contaminated soils and replacement with clean fill within the former McDonalds site at 25 Mohawk Avenue in Scotia. Five firms responded to the plans and specifications prepared by C.T. Male, which recommended awarding the contract to Land Remediation for $178,950 plus an allowance of $20,000 for unforeseen conditions. Resolution 832-13 authorized Metroplex to contract with Land Remediation to perform the work. Mr. Capovani moved Resolution 832-13, seconded by Mr. Lewis. Following discussion about the site and potential uses, the resolution was approved.

Public Comment:  None

Board Comment: General discussion about downtown projects underway.

Adjournment:  Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Lewis.  The meeting was adjourned at 6:40 p.m.

 

Respectfully submitted,

Jayme Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
June 26, 2013

Present:            
Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Neil Golub, Bill Chapman, Ed Capovani, Janet Hutchison, and Karen Zalewski-Wildzunas  

Absent:              Bob Mantello and John Mallozzi

Others:              Jayme Lahut, Jim Callander and audience of 4.

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.        Approval of Minutes:  Mrs. Zalewski-Wildzunas moved adoption of the May 8, 2013 meeting minutes, seconded by Janet Hutchison and approved.

2.      Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending May 31, 2013 which was distributed prior to the meeting. He noted that expenses were below budget and cash on hand totaled $1,952,801.  Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report, seconded by Mr. Lewis and approved.

3.      Auterra Relocation Project: Resolution 832-13 — Adopt the General Project Plan

Resolution 832-13 authorized a $75,000 grant for the relocation of business operations from Malta and establishment of new corporate headquarters in the former Cyclics facility located at 2135 Technology Drive in Schenectady. Auterra, Inc. employs 17 people who have developed clean energy technology focused on the decontamination and upgrading of crude oil and oil distillates. The project involves entering into a lease with JK, LLC and using 20,600 square feet of space, erecting a 1,200 square foot storage addition, leasehold improvements and ancillary relocation expenses. Ms. Jordan moved Resolution 832-13; seconded by Mr. Wall.  After brief discussion, Resolution 832-13 was approved.

4.      Washington Avenue Median Project: Resolution 833-13 — Hold a Public Hearing

The project involved building a median and implementing a pedestrian crossing plan on Washington Avenue between State and Ferry Streets in Schenectady. When College Suites opened in 2012, temporary barriers were installed to discourage pedestrians from crossing mid-block on Washington Avenue to and from the SCCC campus. In consultation with NYS DOT Region One, the permanent median with decorative fence addresses pedestrian safety as well as enhances this gateway to downtown as another element in lower State Street revitalization. Ms. Jordan moved Resolution 833-13 to hold a public hearing for purposes of issuing bonds; seconded by Mr. Lewis. A lengthy discussion followed about project design and safety concerns in this highly trafficked area. Resolution 833-13 was approved.

5.    Proctors Marquee Project:  Resolution 834-13 — Adopt the General Project Plan Actions

The $192,500 project involved repainting, reroofing, rewiring and installing energy-efficient LED lights for refurbishing Proctors marquees on State Street and Stratton Plaza. The marquees will be fixed up, not replaced, look identical to the ones in place now, and maintains the historic nature of the building, but replaces the plastic letters with programmable LED displays that can be changed remotely on a keyboard. Resolution 843-13 authorized a $97,000 grant. Ms. Jordan moved Resolution 843-13; seconded by Mr. Lewis. Following discussion, Resolution 843-13 was approved.

6.     Public Comment:  None

7.     Board Comment: There was a brief discussion about the Mayor’s North side neighborhood initiative.

8.     Adjournment: Mr. Capovani moved to adjourn, seconded by Mr. Golub.  The meeting adjourned at 6:35 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes

August 14, 2013

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Neil Golub, Bill Chapman, Ed Capovani, Bob Mantello, and Karen Zalewski-Wildzunas  

Absent:            Bob Wall, Janet Hutchison, and John Mallozzi

Others:            Jayme Lahut, Peggy Chesebrough and audience of 2.

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.     Approval of Minutes: Neil Golub moved adoption of the June 26, 2013 meeting minutes, seconded by Sharon Jordan and approved. 

2.    Treasurer’s Report: Jayme Lahut reviewed the Treasurer’s Report for the period ending July 31, 2013 which was distributed prior to the meeting. He noted that the unadjusted sales tax receipts were under budget, operating expenses were substantially under budget and cash on hand was $2,890,622. Mr. Lewis moved to accept the Treasurer’s Report, seconded by and approved.

3.      2013 Parking Infrastructure Improvements: Resolution 835-13 — Adopt the General Project Plan

A public hearing was held on June 12 and no written or oral comments were received. Resolution 835-13 authorized using $985,000 in bond proceeds for the second phase of reconstructing the Broadway South parking lot and undertaking repairs to the Broadway Garage. Work would begin in late summer. The project represented a Type II action pursuant to SEQRA. Ms. Jordan moved Resolution 835-13; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 835-13 was approved.

4.      2013 Parking Infrastructure Improvements: Resolution 836-13 — Award Broadway Garage Repair Contract

Five firms responded to the RFP for repairing and patching the Broadway garage roof membrane. The low bid was submitted by Lupini Construction of Utica, NY for $141,607.80, which was under the budget prepared by Metroplex’s engineer, MJ Engineering and Land Surveying. Mr. Lewis moved Resolution 836-13; seconded by Mr. Mantello. After brief discussion, Resolution 836-13 was approved.

5.     2013 Parking Infrastructure Improvements: Resolution 837-13 — Award Paving Contract at Broadway South Lot

Eight firms responded to the RFP for reconstructing and paving the western portion of the Broadway South parking lot. The other half of the lot was completed last year. Carver Construction of Princetown submitted the low bid of $357,921. Mr. Lewis made a motion to award the paving contract to Carver Construction via Resolution 837-13; seconded by Mrs. Zalewski-Wildzunas and approved. 

6.       Broadway South Remediation: Resolution 838-13 – Award Remediation and Earthwork Contract

Three firms responded to the RFP for sub-surface cleanup in conjunction with DEC’s Environmental Restoration Program and earthwork associated with the paving program in the lot. Schenectady-based Precision Industrial Maintenance submitted the low bid addressing the components of the bid at $377,030. Ms. Jordan moved to accept Resolution 838-13; seconded by Mr. Lewis. After brief discussion, Resolution 838-13 was approved unanimously.

7.       Washington Avenue Median Project: Resolution 839-13 —Adopt the General Project Plan

A public hearing on the project was held on July 17 and no written or oral comments were received. Resolution 839-13 authorized using $320,000 in bond proceeds for the installation of the masonry median on Washington Avenue. The project was characterized as a Type II action under SEQRA. Mr. Lewis moved Resolution 839-13; seconded by Mrs. Zalewski-Wildzunas and approved.

8.        Washington Avenue Median Project: Resolution 840-13 — Award Median Construction Contract

Four firms responded to the RFP for constructing the median on Washington Avenue. The low bid was submitted by Rifenburg Construction of Troy, NY for $285,965. The pricing was very close and highly competitive. Mrs. Zalewski-Wildzunas moved Resolution 840-13; seconded by Ms. Jordan and approved.

9.         813 Eastern Avenue Façade Project: Resolution 841-13 — Adopt the General Project Plan

Resolution 841-13 awarded a $22,000 grant on a dollar-for-dollar matching basis to the owner of 813-815 Eastern Avenue in Schenectady. The scope of work involves a renovation of the two-story building — first floor commercial and second floor apartment. Metroplex funding would be used for new siding, landscaping and sidewalks. Mrs. Zalewski-Wildzunas moved Resolution 841-13; seconded by Ms. Jordan. Discussion followed about the project, general condition of the neighborhood, and plans for the Land Bank to bolster the neighborhood. Resolution 841-13 was approved.

10.        202 State Street Mixed-use Project: Resolution 842-13 — Amend the General Project Plan

The project developer established two separate corporate entities for purposes of undertaking the conversion of the former Spencer Business Institute to market rate apartments and the demolishing of the former WGY Stamp building for use as a parking lot. The project’s lead lender requested that Metroplex financial assistance apply to both entities, so Resolution 842-13 provided the authorization to the two entities involved in the redevelopment project. Ms. Jordan moved Resolution 841-13; seconded by Mr. Mantello and approved.

11.        Public Comment:  None

12.        Executive Session:  Mr. Lewis made a motion that the board convene in executive session to discuss the prospective acquisition, sale or lease of real property; seconded by Ms. Jordan. At 6:30 p.m., the board entered into a private session. At 6:45 p.m., Mr. Lewis moved and Mrs. Zalewski-Wildzunas seconded a conclusion to the executive session. Mr. Gillen stated that no votes or other authorizations were undertaken during the session.

13.        Adjournment: Mr. Golub moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:50 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director


Schenectady Metroplex Development Authority
Board Meeting Minutes

September 11, 2013

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Bill Chapman, Ed Capovani, Bob Wall, Bob Mantello, Janet Hutchison, John Mallozzi and Karen Zalewski-Wildzunas  

Absent:              Neil Golub    

Others:              Jayme Lahut, Jim Callander, David Hogenkamp and audience of 1.

 Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.     Approval of Minutes: Mrs. Zalewski-Wildzunas moved adoption of the August 14, 2013 meeting minutes, seconded by Ms. Jordan and approved.

2.     Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending August 31, 2013 which was distributed prior to the meeting. He noted that sales tax receipts were equal to one year ago, operating expenses were substantially under budget, and predevelopment expenses were tracking above budget due to volume of new projects in the works. Cash on hand was $2.67 million. Mr. Lewis moved to accept the Treasurer’s Report, seconded by Ms. Zalewski-Wildzunas and approved.

3.      Lower State Streetscape Project: Resolution 843-13 —Adopt the General Project Plan

The public hearing was held on May 1 and no written or oral comments were received. The project represented a Type II action pursuant to SEQRA. The resolution allocated $1,700,000 in bond proceeds for repaving lower State Street from Erie Blvd. to Church Street. The project includes replacing curbs and sidewalks, repairing vaults, planting trees and replacing streetlights with decorative lighting. The City will also install a new waterline and sleeve sanitary sewer lines.  Mr. Wall moved Resolution 843-13; seconded by Ms. Sharon Jordan. Following discussion, Resolution 843-13 was approved.

4.      Policy Compliance: Resolution 844-13 — Accept Service from the NYS Secretary of State 

A new State law established a central registry with the Department of State for the filing of any and all claims (such as slip and fall claims) against public authorities. DOS then notifies the designated local representative of the public authority about the claim being contemplated. Resolution 844-13 designates the Executive Director as Metroplex’s representative for accepting claims. Ms. Hutchison moved Resolution 844-13; seconded by Mrs. Zalewski-Wildzunas. After brief discussion, Resolution 844-13 was approved.

5.    Public Comment: None

6.    Executive Session: Mr. Lewis made a motion that the board convene in executive session to discuss the prospective acquisition, sale or lease of real property; seconded by Ms. Jordan.  At 6:10 p.m., the board entered into a private session. At 6:30 p.m., Mrs. Zalewski-Wildzunas moved to conclude the executive session; seconded by Mr. Lewis.  Mr. Gillen stated that no votes or other authorizations were undertaken during the session.

7.     Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Wall. The meeting was adjourned at 6:30 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes

October 9, 2013

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Neil Golub, Bob Wall, Janet Hutchison and Karen Zalewski-Wildzunas  

Absent:              Bill Chapman, Ed Capovani, John Mallozzi and Bob Mantello

Others:           Jayme Lahut, Jim Callander, David Hogenkamp and audience of 2

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes: Mr. Golub moved adoption of the September 11, 2013 meeting minutes, seconded by Mrs. Zalewski-Wildzunas and approved.

2.      Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending September 30, 2013 which was distributed prior to the meeting. He noted that sales tax receipts were on mark with one year ago, operating expenses were under budget, and predevelopment expenses were tracking above budget because of new projects that staff was working on. Cash on hand was $2.4 million. Ms. Jordan moved to accept the Treasurer’s Report, seconded by Mrs. Hutchison and approved.

3.      Airport Technology Park Project: Resolution 846-13 — Amend the General Project Plan

The sewer extension project originally was budgeted at $315,655 with NYS providing $284,090 grant to the County matched by Metroplex’s $31,565 grant. After opening bids in September, the total project cost increased to $374,100 with the County requesting a boost in the grant to $26,880 for a total of $58,445. Ms. Jordan moved Resolution 846-13; seconded by Mr. Lewis. Following discussion about leveraging State funds to improve economic development opportunities in Glenville, Resolution 846-13 was approved.

4.      25 Mohawk Avenue Scotia: Resolution 847-13Commence Real Property Disposition Process 

Resolution 847-13 initiated the state-mandated process for disposition of real property for fair market value by disclosing the transaction, starting the clock on the 90-day notice period to the ABO and Office of the Comptroller. Metroplex purchased the former McDonalds restaurant site, a 1.1-acre parcel located at 25 Mohawk Avenue, Scotia for $1 and performed environmental cleanup in early summer. The prospective purchaser, Mazzone Management Group is prepared to pay $240,000 for the property, which equals the appraised value. Mr. Wall moved Resolution 847-13; seconded by Mrs. Zalewski-Wildzunas. After brief discussion, Resolution 847-13 was approved.

5.    Proctors Key Hall Project: Resolution 848-13 — Make Application and Disburse Proceeds

Metroplex was the recipient of a State legislative budget appropriation of $2 million that has been used in support of the YMCA at Center City and Union Graduate College. Another project eligible to receive funding from the legislative grant process is the purchase and renovation of the former Key Bank now Key Hall — part of the Proctors complex. Resolution 848-13 authorized the application submittal and reimbursement of project expenses up to $325,000. Ms. Jordan moved Resolution 848-13; seconded by Mr. Lewis. Discussion followed and Resolution 848-13 was approved unanimously.

6.    Curry Road Shopping Plaza Demolition: Resolution 849-13 — Hold a Public Hearing

The Town of Rotterdam is selling the 12-acre vacant Curry Road Plaza to Forum Industries.  The developer will demolish the vacant retail structures on-site and redevelop the property. The demolition phase is budgeted at $500,000 with Metroplex reimbursement of demolition costs on a dollar-for-dollar basis not to exceed $250,000 using bond proceeds. Resolution 849-13 called for holding a public hearing on the bond issuance. Mrs. Zalewski-Wildzunas moved Resolution 849-13; seconded by Mr. Lewis and approved (Mr. Golub abstained).

7.     Public Comment:  None

8.     Board Comment:  None

9.     Adjournment: Mr. Golub moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:20 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes

November 13, 2013

Present:   Ray Gillen, Brad Lewis, Neil Golub, Bob Wall, Ed Capovani, Bill Chapman, Bob Mantello and Karen Zalewski-Wildzunas

Absent:    Sharon Jordan, John Mallozzi and Janet Hutchison

Others:    Jayme Lahut, Jim Callander, David Hogenkamp and audience of 3

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.    Approval of Minutes: Mr. Golub moved adoption of the October 11, 2013 meeting minutes, seconded by Mr. Wall and approved.

2.   Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending October 31, 2013, which was distributed prior to the meeting. He noted that sales tax receipts were on mark with one year ago, operating expenses were under budget, and predevelopment expenses were tracking above budget. Cash on hand was $2.07 million. Following discussion, Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report, seconded by Mr. Mantello and approved (Mr. Chapman was absent).

3.    Purchase 238-248 State Street (former Robinson Furniture): Resolution 850-13 — SEQRA

The project involved purchasing the Robinson Furniture parcels from the City of Schenectady for one dollar and additional funding for closing costs, insurance, and other project-related expenses. Resolution 850-13 designated the project as an Unlisted Action pursuant to SEQRA with no significant effect on the environment. Mrs. Zalewski-Wildzunas moved Resolution 850-13; seconded by Mr. Golub and approved (Mr. Chapman was absent).          

4.    Purchase 238-248 State Street (former Robinson Furniture)Resolution 851-13 — Adopt the General Project Plan

By purchasing the three parcels constituting .55-acres plus other adjacent properties, Metroplex is positioned to create a development-ready site on lower State Street. As with prior property acquisitions, Metroplex intends to divest itself of the properties for redevelopment which boosts tax base, promotes downtown revitalization, and creates jobs. Resolution 851- 13 authorized purchasing the parcels from the City for one dollar with a condition that upon the resale of the property for redevelopment, the City gets one-half of the proceeds adjusted for certain site preparation expenses. Mr. Wall moved Resolution 851-13; seconded by Mr. Capovani. Following discussion, Resolution 851-13 was approved (Mr. Chapman was absent).

5.  Purchase 254 State Street (Olender Mattress Building): Resolution 852-13 — SEQRA

Resolution 852-13 designated the project as an Unlisted Action pursuant to SEQRA with no significant effect on the environment. The project involved purchasing the former Olender Furniture property from the estate of Donald Olender. Mr. Lewis moved Resolution 852-13; seconded by Mr. Capovani and approved.         

6.    Purchase 254 State Street (Olender Mattress Building): Resolution 853-13 — Adopt the General Project Plan

The resolution authorized the purchase of the Olender Building for $85,000 and sets aside funds for closing costs, insurance, securing the property and other project-related expenses.  The vacant building has fallen into disrepair. Metroplex undertook due diligence including environmental assessments, showing the presence of asbestos and minimal soil contamination. Metroplex intends to divest itself of the property for redevelopment Mr. Lewis moved Resolution 851-13; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 851-13 was approved.

7.   2014 Bond Projects: Resolution 854-13 — Hold a Public Hearing

The Fiscal Audit Committee has evaluated the issuance of tax-exempt and/or taxable bonds in support of several projects. The bond issue would take place in January 2014. Resolution 854-13 authorized Metroplex holding a public hearing for four components of the bond issue. When the bond proceeds become available, the individual projects will be brought to the Board for consideration, including undertaking the necessary state-mandated environmental reviews. Mr. Lewis moved Resolution 854-13; seconded by Mr. Golub. Discussion followed and Resolution 854-13 was approved unanimously.

8.   Retain Bond Underwriter: Resolution 855-13 — Retain RBC Capital Markets, Inc.

Resolution 855-13 retained RBC Capital Markets, a division of RBC Financial Group, to act as bond underwriter for the Authority’s issuance of tax exempt and/or taxable bonds. This recommendation is consistent with Metroplex’s Procurement Policy and its Guidelines for the Sale and Reporting of Bonds and Notes. RBC was retained by Metroplex in 2012 for the GEMx Bond Anticipation Note following a competitive request for proposals process.  RBC’s remuneration is unchanged from last year’s BAN issue approved by the Board. Mrs. Zalewski-Wildzunas moved Resolution 855-13; seconded by Mr. Lewis. Brief discussion followed and Resolution 855-13 was approved.

9.   Public Comment: Elmer Bertsch, resident of Niskayuna, encouraged the Authority to support the work of the Superintendent of the Schenectady City School District and their activities in providing a quality education to Schenectady residents.

10.   Board Comment:  Mr. Gillen acknowledged board member Ed Capovani as he and his brother received the Entrepreneur of the Year award at the Chamber of Schenectady County’s 25th annual Business Awards.  Mr. Gillen also acknowledged the presence of David Kramer, Glenville Local Development Corporation. 

11.   Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:45 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes

November 27, 2013

Present:    Ray Gillen, Neil Golub, Bob Wall, Ed Capovani, Bill Chapman, Bob Mantello and Karen Zalewski-Wildzunas, Sharon Jordan, Janet Hutchison

Absent:     John Mallozzi and Brad Lewis

Others:    Jayme Lahut, Jim Callander, David Hogenkamp and Cornelia M. Cahill (Bond Counsel)

Call to Order:    Mr. Gillen called the meeting to order at 8:00 a.m.

1.     Lower State Renewal: Resolution 856-13 — Adopt the General Project Plan

The project allocated $3,000,000 in taxable bond proceeds for redevelopment activities on lower State Street from Erie Boulevard to Washington Avenue. No written or oral comments were received at the November 20th public hearing. The project represented a Type II, or exempt, action pursuant to SEQRA. As specific projects are identified for using the bond proceeds, further Board consideration will be taken. Mr. Golub moved Resolution 856-13; seconded by Ms. Jordan. Following discussion, Resolution 856-13 was approved.         

2.     
Downtown Aboveground Infrastructure Project: Resolution 857-13 — Adopt the General Project Plan

The project allocated $1,400,000 in tax-exempt bonds proceeds for aboveground infrastructure repairs in downtown Schenectady. It is expected that Metroplex will cost-share certain activities with the City and the County. No written or oral comments were received at the November 20th public hearing. The project represented a Type II, or exempt, action pursuant to SEQRA. As specific projects are identified for using the bond proceeds, further Board consideration will be undertaken. Mr. Wall moved Resolution 857-13; seconded by Ms. Zalewski-Wildzunas. Following brief discussion, Resolution 857-13 was approved.      

3.    2013 Parking Infrastructure Improvements:  Resolution 858-13 — Amend the General Project Plan

At its August 14 meeting, the Board approved $985,000 for improvements to the parking infrastructure. Resolution 858-13 amended the project by increasing the scope of work and allocating an additional $1,015,000, thereby increasing project funding to $2,000,000.  No written or oral comments were received at the November 20th public hearing. The project represented a Type II, or exempt, action pursuant to SEQRA. As specific projects are identified for using the bond proceeds, further Board action will take place. Ms. Jordan moved Resolution 858-13; seconded by Mr. Mantello. Resolution 858-13 was approved.

4.   County Business Parks / Smart Growth Initiative: Resolution 859-13 — Adopt the General Project Plan

The project allocated $1,518,000 in bonds proceeds for projects focused on business parks in Schenectady County, vacant and/or abandoned properties, and brownfield sites that can be made viable for economic development. No written or oral comments were received at the November 20th public hearing. The project represented a Type II, or exempt, action pursuant to SEQRA. As specific projects are identified for using the bond proceeds, further Board consideration will be undertaken. Mr. Chapman moved Resolution 859-13; seconded by Mr. Mantello. Following discussion, Resolution 859-13 was approved. (Mr. Golub abstained.) 

5.   Series 2014A Bond (Tax-Exempt) Resolution: Resolution 860-13 — Tenth Supplemental Bond Resolution

Resolution 860-13 authorized the issuance of up to $5,200,000 in tax-exempt bonds. Tax-exempt bond proceeds may be used for projects already authorized by the Board including, the Lower State Streetscape, Washington Avenue Median, Downtown Aboveground Infrastructure, the County Business Park / Smart Growth projects and interest paid on the GEMx Bond Anticipation Note.  In 2012, the Board approved the Ninth Supplemental Bond Resolution for GEMx, so the $5 million BAN also will be converted to a long-term obligation. The bond will be amortized over a 19-year period.  Bond Counsel, Connie Cahill, explained that the costs of issuance and related expenses will be paid with bond proceeds by selling these bonds at a premium. Resolution 860-13 was moved by Mrs. Zalewski-Wildzunas and seconded by Mr. Chapman. After discussion, Resolution 860-13 was approved.

6.   Series 2014B Bond (Taxable) Resolution: Resolution 861-13 — Eleventh Supplemental Bond Resolution

Resolution 861-13 authorized the issuance of up to $7,653,000 in taxable bonds. Taxable bond proceeds may be used for undertaking activities previously approved by the Board including, the Lower State Street Renewal initiative, acquisition of the YMCA at 13 State Street, and Metroplex parking investments. The bond will be amortized over a 19-year period.  Resolution 861-13 was moved by Mrs. Zalewski-Wildzunas and seconded by Ms. Jordan and approved.

 7.   2014 Bond Issuance: Resolution 862-13 — Authorization for Sale of Bonds

As with all prior Authority bond issuances, Resolution 862-13 authorized the Chair to review and approve a negotiated sale of the bonds, which is consistent with the Authority’s policy on the Sale and Reporting of Bonds and Notes. This type of sale is common with revenue-bond offerings and allows the underwriter to educate investors about Metroplex and secure low, competitive interest rates. Mr. Capovani moved Resolution 862-13; seconded by Ms. Jordan. After brief discussion, Resolution 862-13 was approved.

8.    Glenville Project: Resolution 863-13 — SEQRA

With Metroplex acting as lead agency, its staff conducted a coordinated review of the project pursuant to SEQRA, after determining the project to be characterized as a Type I Action. The project involved site development on a 13-acre parcel in Glenville and the construction of a 151,550 square foot facility by Scotia Industrial Park, Inc. The project is expected to create 180 jobs. Resolution 863-13 determined that the project will have no significant effect on the environment. Mr. Capovani moved Resolution 863-13; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 863-13 was approved.

9.    Glenville Project: Resolution 864-13 — Adopt the General Project Plan

The 151,550 square foot warehouse and office facility will serve as a regional logistics and repair center for a national company.  The project site, formerly the Burgess Tank Farm, is owned by an affiliated entity of the Galesi Group, which will build and lease the land and building. The project will create 180 jobs in the first three years. The resolution authorizes a sales tax exempt during construction. Resolution 864-13 was moved by Mr. Capovani; seconded by Mrs. Zalewski-Wildzunas. After discussion, Resolution 864-13 was approved unanimously.

10.    Public Comment:  None

11.   Board Comment:  None

12.   Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Golub. The meeting was adjourned at 8:30 a.m.

Respectfully submitted,

Jayme Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
December 18, 2013

Present:             Ray Gillen, Brad Lewis, Neil Golub, Bob Wall, Bill Chapman, Bob Mantello, Sharon Jordan and Karen Zalewski-Wildzunas

Absent:              Ed Capovani, John Mallozzi and Janet Hutchison

Others:           Jayme Lahut, Jim Callander, David Hogenkamp and audience of 1 

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.    Approval of Minutes: Mr. Golub moved adoption of the November meeting minutes, seconded by Ms. Jordan and approved. (Mr. Chapman was absent.)

2.    Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report for the period ending November 30, 2013, which was distributed prior to the meeting. He noted that sales tax receipts were on-track with the same period to one year ago, and operating expenses were well under budget. Predevelopment expenses were tracking above budget due to the extensive queue of projects developing during the year. Cash on hand was $1.8 million. Following brief discussion, Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report; seconded by Mr. Golub, and approved (Mr. Chapman was absent.)

3.     FY-2014 Budget: Resolution 865-13 — Adopt Fiscal Year 2014 Budget 

The Fiscal Audit Committee recommended adoption of the 2014 budget, which reflected growth in sales tax revenue, slightly higher operating expenses, and a reduced predevelopment budget. Mr. Lewis moved Resolution 865-13; seconded by Mr. Wall and approved following discussion. (Mr. Chapman was absent.)

4.     Downtown Parking Project: Resolution 866-13 — Adopt the FY-2014 Parking Budget

The Fiscal Audit Committee recommended approving the parking operating budget for 2014.  Parking usage continued to rise in 2013 in visitor parking and monthly permits. The 2014 budget showed revenues and expenses increasing. Ms. Jordan moved Resolution 866-13; seconded by Mrs. Zalewski-Wildzunas and approved (Mr. Chapman was absent.) 

5.     
515 State Street Renovation: Resolution 867-13 —Adopt the General Project PlanThe project involved the purchase and renovation of the 3-story 5,200 square foot property at 515 State Street, Schenectady. The building was largely vacant until purchased by Niskayuna resident Dan Hickey who intends to convert the ground floor to retail use and renovate five market-rate apartments. Hickey Properties LLC requested a $50,000 Metroplex grant as part of the $300,000 renovation project. Mr. Mantello moved Resolution 867-13; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 867-13 was approved.

6.   Purchase 167 Erie Blvd. (former Silver Diner): Resolution 868-13 — SEQRA

Resolution 868-13 characterized the acquisition of the former Silver Diner as an Unlisted Action pursuant to SEQRA with no significant effect on the environment. The project involved purchasing 167 Erie Boulevard from the City of Schenectady for the appraised fair market value of $28,000. Mrs. Zalewski-Wildzunas moved Resolution 868-13; seconded by Mr. Lewis and approved.   

7.
   Purchase 167 Erie Blvd.: Resolution 869-13 — Adopt the General Project Plan

The resolution authorized the purchase of the parcel from the City of Schenectady for $28,000 and set aside funds for closing costs, insurance, and other related expenses. Metroplex intends to divest itself of the property for redevelopment. Mrs. Zalewski-Wildzunas moved Resolution 869-13; seconded by Mr. Lewis and approved.

8.   Professional Services Contract: Resolution 870-13 — Contract with Pachucki Trucking Co.

Resolution 870-13 authorized a five-year agreement with Pachucki Trucking Co., Inc. for snowplowing, maintaining, cleaning and clearing Metroplex parking facilities. In November, Metroplex undertook a formal solicitation for the work and received only one proposal. The firm has provided quality and responsive snow and landscaping maintenance services since Metroplex purchased the parking facilities. The terms of the base contract are identical to the previous agreement. For each remaining year of the contract, compensation will require Metroplex Board consideration and consent. Mr. Lewis moved Resolution 870-13; seconded by Ms. Jordan and approved after brief discussion.

9.  Downtown Parking Project: Resolution 871-13 — Hold Public Hearing for DEC Environmental Restoration Program

NYS DEC has encouraged Metroplex and the City of Schenectady to undertake another phase of cleanup work using ERP funding. The site is north of the Broadway South parking on Van Guysling Avenue. The ERP offers 90 percent State reimbursement for environmental clean-up costs.  Resolution 871-13 called for holding a public hearing in the event the outlays exceed Metroplex’s statutory requirement. Mrs. Jordan moved Resolution 871-13; seconded by Mr. Golub.  Following discussion, Resolution 871-13 was approved.

10. 
 Public Comment: None

11.  Board Comment:  Mr. Gillen updated the Board on the completion of the 245 Broadway apartments and recently announced Regional Economic Development Council grant awards for the Alco project and Proctors Theatre.

12.  Executive Session: Ms. Jordan moved to convene in executive session to discuss legal issues associated with real property; seconded by Mr. Wall. The private session started at 6:20 p.m. and reconvened in public session at 6:35 p.m. Mr. Gillen stated that no votes or other authorizations were undertaken during the session.

13Adjournment: Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Mr. Lewis. The meeting was adjourned at 6:35 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

 

2012 MEETING MINUTES

Schenectady Metroplex Development Authority
Board Meeting Minutes
January 11, 2012 

Present:             Ray Gillen, Brad Lewis, Bill Chapman, Bob Mantello, Janet Hutchison, Bob Wall, Ed Capovani, John Mallozzi and Karen Zalewski-Wildzunas

Absent:              Sharon Jordan and Neil Golub

Others:              Jayme Lahut, Jim Callander and audience of 1

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.   Approval of Minutes: Mr. Mantello moved adoption of the December 14, 2011 meeting minutes; seconded by Mr. Wall and approved (Mrs. Zalewski-Wildzunas was absent).  

2.   Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report ending December 31, 2011, which was distributed prior to the meeting, noting a surplus in sales tax revenues while operating expenses were below budget. Cash on hand totaled $1,042,460. Mr. Lewis moved acceptance of the Treasurer’s Report; seconded by Mr. Capovani and approved (Mrs. Zalewski-Wildzunas was absent).

3.   Draper School Redevelopment / Disabled American Veteran’s Housing Project:  Resolution 744-12 — Amend the General Project Plan

The Metroplex Board previously authorized a short-term PILOT exemption through March 1, 2013 and a $50,000 grant to DAV for tax arrearages. Resolution 744-12 increased the grant to $64,000, sufficient to cover the outstanding taxes, which were to be split evenly by Metroplex, DAV and the County.  The total outstanding taxes amounted to about $190,000 making Metroplex’s share $64,000.  Mr. Mallozzi moved Resolution 744-12; seconded by Mr. Lewis.  Following discussion, Resolution 744-11 was approved (Mrs. Zalewski-Wildzunas was absent).

4.   Hampton Inn Project: Resolution 745-12 — Amend the General Project Plan

In 2006 when the Board authorized a PILOT for the Hampton Inn, the Metroplex statute limited the exemption for lodging facilities to a 5-year term. In 2008, amendments to the statute extended the duration of the exemption to 10 years. Resolution 745-12 added two years to the PILOT term. Mr. Gillen noted that the Hampton project generated more than $1.5 million in bed taxes, sales taxes and real property taxes in the last four years. Mr. Capovani moved Resolution 745-12; seconded by Mr. Lewis.  Discussion followed regarding the PILOT and the Empire Zone program. Resolution 745-12 was approved. (Mrs. Zalewski-Wildzunas was absent).

5.   Patriot Development Project (Phase I): Resolution 746-12 — SEQRA

Resolution 746-12 addressed the state-mandated environmental review by affirming the findings of the Town of Glenville Planning and Zoning Commission, which found the project to be a Type I Action with no significant impact on the environment following completion of a coordinated review of the project pursuant to SEQRA.  Phase I of Patriot Square represented a mixed-use development project with 13 apartment buildings (156 units) plus a clubhouse. The project will extend Rudy Chase Drive by an additional 2,400 linear feet and add municipal water and sanitary sewer services. Site enhancements include attached parking and surface lots, sidewalks, green space, street trees and other amenities. Mr. Capovani moved Resolution 746-12; seconded by Mr. Lewis and approved.

6.   Patriot Square Development Project (Phase I): Resolution 747-12 — Adopt the General Project Plan

The cost of Phase 1 is estimated at $8.3 million. Resolution 747-12 authorized Metroplex participation in the form of a 5-year partial exemption from real property taxes that sets aside $50,000 in annual property taxes to pay for road and related infrastructure costs. Annual taxes were estimated at $273,000 per annum. Mr. Capovani moved Resolution 747-12; seconded by Mr. Wall. Following discussion about the project, Resolution 747-12 was approved.

7.   Public Comment — None

8.  Board Comment — Mr. Capovani spoke highly of the Stratton Air Force base and its positive effects on the community. He then made a motion to go into executive session; Mr. Gillen seconded and the Board convened in executive session at 6:30 p.m. At 7:10 Mrs. Zalewski-Wildzunas moved to return to public session; seconded by Mr. Mantello and approved. Mr. Gillen noted that there were no votes taken during the private session.

9.  Adjournment — Mr. Lewis moved to adjourn; seconded by Mr. Wall.  The meeting adjourned at 7:15 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
March 14, 2012 

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Neil Golub, Bill Chapman, Janet Hutchison, Bob Wall, John Mallozzi and Karen Zalewski-Wildzunas

Absent:              Ed Capovani and Bob Mantello

Others:              Jayme Lahut, Jim Callander and Robert Kristel, CPA

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.    Approval of Minutes:  Mr. Golub moved adoption of the January 11, 2012 meeting minutes; seconded by Mrs. Hutchison and approved.  

2.    Treasurer’s Report — Robert L. Kristel, CPA, presented the Authority’s financial statements for the year ending December 31, 2011, which were distributed to the Board in advance of the meeting. He specifically reviewed the balance sheet, revenue and expense statement, cash flow statement and notes. The statements are prepared in accordance with generally accepted accounting principles and form the basis for the annual audit that is nearing completion by BST. Following the presentation and question / answer period, Mrs. Zalewski-Wildzunas moved the Treasurer’s Report; seconded Ms. Jordan and approved.

3.    
Annual Meeting: Resolution 748-12 — Election of Officers 

In accordance with the By-Laws, Resolution 748-12 appointed Sharon Jordan as Secretary and Bob Wall as Treasurer. Mr. Golub moved Resolution 748-12; seconded by Mr. Chapman and approved.

4.    Board Governance: Resolution 749-12 — Adopt Mission Statement

Metroplex annually must adopt a mission statement and benchmarks. The Governance Committee reviewed the mission statement and related materials and recommended adoption. Ms. Jordan moved Resolution 749-12; seconded by Mrs. Zalewski-Wildzunas and approved.

5.    Policy Compliance: Resolution 750-12 — Adopt Investment Report and Investment Policy

Metroplex annually must readopt its Cash Management and Investment Policy, which follows the NYS Comptroller guidelines for municipalities and authorities.  The 2011 Investment Report must be filed annually is required with the Authority Budget Office. Resolution 750-12 reauthorized the policy and accepted the 2011 Investment Report. Mrs. Zalewski-Wildzunas moved Resolution 750-12; seconded by Mr. Wall and unanimously approved.

6.    Policy Compliance: Resolution 751-12 — Reauthorize Procurement Guidelines

The Procurement Guidelines, which requires annual review and reauthorization, were unchanged from prior years. Mr. Lewis moved Resolution 751-12; seconded by Ms. Jordan and unanimously approved.

7.     Policy Compliance: Resolution 752-12 — Adopt Property Report and Reauthorize Real Property Disposition Policy

Resolution 752-12 reauthorized the Real Property Disposition policy, reaffirmed the Executive Director as compliance officer, and accepted the annual report listing all property held by and/or disposed during 2011. Mr. Lewis moved Resolution 752-12; seconded by Mrs. Zalewski-Wildzunas and approved.

8.     Policy Compliance: Resolution 753-12 — Reauthorize Sale and Reporting of Bonds and Notes Policy

Metroplex must annually reaffirm its policy regarding procurement of services in connection with the issuance of bonds, which Metroplex follows for all bond transactions. The guidelines were established by the NYS Comptroller, so no changes were made. Mr. Golub moved Resolution 753-12; seconded by Mrs. Zalewski-Wildzunas. Following brief discussion, Resolution 753-12 was approved.

9.     Project Reconciliation and Accounting: Resolution 754-12 — Release Unexpended Project Obligations

Resolution 754-12 listed two projects where all work has been completed and Metroplex funds remain unspent. For purposes of the 2011 audit, the Board must acknowledge the recaptured of $9,269, which may be dedicated to new projects. Mr. Golub moved Resolution 754-12; seconded by Mrs. Hutchison and approved after brief discussion.

10.   Project Reconciliation and Accounting: Resolution 755-12 — Allocate Additional Funds for Unbudgeted Project Expenditures

Resolution 755-12 identified three projects completed in 2011 where the total expenses incurred exceeded Board authorization. For purposes of the 2011 audit, the Board must acknowledge allocating additional $38,727 for the projects. Mr. Wall moved Resolution 755-12; seconded by Ms. Jordan.  Following discussion, Resolution 755-12 was approved.

11. Public Comment — None

12. Board Comment —The April Board meeting was rescheduled for April 18. Mr. Gillen provided project updates.

13. Adjournment — Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Ms. Jordan. The meeting adjourned at 6:40 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
April 18, 2012 

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Ed Capovani, Bill Chapman, Janet Hutchison, Bob Wall, Bob Mantello and Karen Zalewski-Wildzunas

Absent:              Neil Golub and John Mallozzi

Others:              Jayme Lahut, Jim Callander and audience of 3

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.      
Approval of Minutes: Mrs. Zalewski-Wildzunas moved adoption of the 
March 14, 2012 meeting minutes; seconded by Ms. Jordan and approved.  

2.      Treasurer’s Report — Mr. Wall reviewed the Treasurer’s Report for the period ending March 31, 2012 which was distributed prior to the meeting. Cash on hand was $2,011,094. Mr. Lewis moved to accept the Treasurer’s Report; seconded by Ms. Jordan and approved.

3.   2011 Audit: Resolution 756-12 — Adopt Audit for the Fiscal Year Ending December 31, 2011 

Jayme Lahut reported that the Fiscal Audit Committee recommended adoption of the 2011 audit and noted the audit was clean and unqualified. Mr. Wall moved Resolution 756-12; seconded by Mr. Mantello and approved.

4.   Electro Fiber Technologies, LLC Expansion Project: Resolution 757-12 — Adopt the General Project Plan  

The $3.25 million project involved leasing the former V-Stream Building in Rotterdam (with an option to buy), renovating, equipping and consolidating specialty metalized fiber production now located in Ohio and Connecticut. EFT’s parent company is publicly traded on the London Stock Exchange and was founded in 1845. Plans call for employing 30+ people and additional investment over the next several years. Metroplex’s participation involves a $100,000 grant for interior improvements and/or production equipment. Ms. Jordan moved Resolution 757-12; seconded by Mr. Lewis. After brief discussion about the environmental review, Resolution 757-12 was approved.             

5.  Transfinder Corporation Project: Resolution 758-12 — Amend the General Project Plan

Resolution 758-12 acknowledged NBT Bank construction / permanent loans, increased owner equity and reaffirmed Metroplex’s participation in the project. Mr. Mantello moved Resolution 758-12; seconded by Mr. Lewis and approved.

6.   Alco Redevelopment Project: Resolution 759-12 — Amend the General Project Plan

The resolution authorized entering into an agreement with the City of Schenectady to assist in administering the $4 million Restore NY grant awarded to the City in 2009. With the project moving forward, Metroplex staff will assist in documentation collection, MWBE compliance and making requisitions. Mrs. Zalewski-Wildzunas moved Resolution 759-12; seconded by Mr. Lewis.  Discussion followed about constructing a 150-room hotel and upscale residence.  Resolution 759-12 was approved unanimously.

7.   Downtown Parking Project: Resolution 760-12 — Upgrade Credit Card Hardware / Software

Metroplex’s parking consultants recommended upgrading the Amano McGann hardware and software systems at the Garage at a cost of $40,617 to remain in compliance with new standards for credit card processing. Resolution 760-12 authorized purchasing the necessary hardware and software from Access Technologies Integrated, Inc. via single-source purchase, because the firm is the only local dealer for Amano McGann products.  Ms. Jordan moved Resolution 760-12; seconded by Mrs. Zalewski-Wildzunas. After brief discussion, Resolution 760-12 was approved.

8.   Public Comment — two members of the Mont Pleasant Neighborhood Association spoke about the condition of the Crane Street commercial district and cleaning up graffiti in the City.

9.   Board Comment — Mr. Capovani spoke about the Town of Glenville’s economic development event at the Lighthouse Restaurant on April 19 that is open to developers and the public.

10.  Adjournment — Mrs. Zalewski-Wildzunas moved to adjourn, seconded by Ms. Jordan. The meeting adjourned at 6:35 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
May 9, 2012 

Present:       Ray Gillen, Brad Lewis, Sharon Jordan, Ed Capovani, Bill Chapman, Janet Hutchison, Bob Mantello and Karen Zalewski-Wildzunas

Absent:        Bob Wall, Neil Golub and John Mallozzi

Others:        Jayme Lahut and Jim Callander

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes: Mr. Mantello moved adoption of the April 18, 2012 meeting minutes; seconded by Mrs. Zalewski-Wildzunas and approved. 

2.      Treasurer’s Report — Jayme Lahut reviewed the Treasurer’s Report for the period ending April 30, 2012 which was distributed prior to the meeting. He noted that income is ahead of budget while operating expenses are running below budget. Cash on hand was $1,952,662.  Ms. Jordan          moved to accept the Treasurer’s Report; seconded by Mrs. Zalewski-Wildzunas and approved.

3.      308 Union Street Façade Project: Resolution 761-12 — SEQRA Negative Declaration 

Resolution 761-12 classified the project as an Unlisted Action under SEQRA, and determined no significant effect on the environment. The project involved the purchase and redevelopment of the former Acme Press building on the southeast corner of Union Street and Broadway.  A local investor formed Zachen Properties LLC to convert the 8,000 square foot structure as a restaurant and beer garden. Interior renovations have largely been completed as well as partial exterior repairs including the addition of a deck and pavilion, ADA accessible ramps, repointing brick, applying new stucco, new entrances and adding/replacing windows. The project adds 25 full-time and part-time jobs.  Mr. Lewis moved Resolution 761-12; seconded by Mr. Capovani. After brief discussion about the project, Resolution 761-12 was approved.

4.      308 Union Street Façade Project: Resolution 762-12 — Adopt the General Project Plan  

Metroplex participation involved a façade grant of up to $60,000 on a dollar-for-dollar match with respect to the exterior improvements in the project.  Mr. Lewis moved Resolution 762-12; seconded by Ms. Jordan.  Following discussion, Resolution 762-12 was approved. 

5.      Trailways Façade Project: Resolution 763-12 — Adopt the General Project Plan

Adirondack Trailways is prepared to redesign the bus station façade at 22 State Street by sharing the cost of architectural design and façade improvements on a dollar-for-dollar basis with Metroplex. SRG Architects will develop plans with Trailways with $10,000 budgeted for design plans and up to $100,000 for exterior improvements including new lighting, signage, awnings and landscaping. Trailways intends to upgrade the interior space. The Metroplex grant may not exceed $55,000. Mr. Chapman moved Resolution 763-12; seconded by Mr. Lewis.  After discussion, Resolution 763-12 was unanimously approved.

6.      Airport Technology Park:  Resolution 764-12 — SEQRA Negative Declaration

The project involved extending sanitary sewer service and water main along Schenectady County rights-of-way opening up 30+ acres for economic development at the southwesterly side of the Schenectady County Airport. Schenectady County was awarded a $284,090 DOT grant for the infrastructure project which requires a 10 percent match or up to $31,565 from Metroplex. The total project cost is budgeted at $315,655.  Several local businesses benefit from the project including Richmor Aviation, Tanski Hangar, the County-owned ice rink and other businesses on Airport Road. The infrastructure makes several adjoining sites shovel-ready. Resolution 764-12 classified the project as an Unlisted Action and determined having no significant effect on the environment. Mr. Capovani moved Resolution 764-12; seconded by Mr. Mantello and approved.

7.      Airport Technology Park:  Resolution 765-12 — Adopt the General Project Plan

Mr. Capovani moved Resolution 765-12, which authorized a grant of up to $31,565 to Schenectady County; seconded by Mrs. Zalewski-Wildzunas. Following discussion about the precise location of the installations, Resolution 765-12 was unanimously approved.

8.      Program Management Services: Resolution 766-12 — Extend Contracts for Construction-Related Services

Resolution 766-12 extended the contracts with four firms (C.T. Male, UW Marx, Bovis Lend Lease and TW&A) for program management services, technical services and construction monitoring services. The resolution sets TW&A’s compensation through April 30, 2013 at $108,000 for regular project overview meetings, construction oversight on all Metroplex projects  and assisting with Alco and Erie Blvd. reconstruction. Ms. Jordan moved Resolution 766-12; seconded by Mr. Lewis. Discussion followed. Resolution 765-12 was approved with 7 in favor and one opposed (Mr. Chapman).

9.      Public Comment — None

10.    Board Comment — There was a general discussion about retail and housing development in the downtown.

11.    Adjournment — Ms. Jordan moved to adjourn, seconded by Mr. Capovani. Meeting adjourned at 6:40 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director 

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
June 13, 2012 

Present:       Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Ed Capovani, Bill Chapman and Janet Hutchison  

Absent:       Bob Mantello, Neil Golub, John Mallozzi, and Karen Zalewski-Wildzunas

Others:        Jayme Lahut, Jim Callander and an audience of 1

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes: Ms. Jordan moved adoption of the May 9, 2012 meeting minutes; seconded by Mr. Capovani and approved (Mr. Wall abstained). 

2.      Treasurer’s Report — Mr. Wall reviewed the Treasurer’s Report for the period ending May 31, 2012 which was distributed prior to the meeting. He noted that income is $155,000 above budget and expenses are running below budget.  Cash on hand was $1,579,926.  Mr. Lewis moved to accept the Treasurer’s Report; seconded by Mr. Chapman and approved.

3.      Madison Handbags Relocation Project:  Resolution 767-12 — Adopt the General Project Plan  

Madison Handbags purchased the former Girl Scouts building at 131 State Street, which allows for expanded production and a retail outlet for this fast-growing company. Renovations included preparing production space for sewing, inventory and distribution; and exterior façade improvements including, lighting, awnings and display windows.  Metroplex participation involved a $50,000 grant for interior renovations and façade improvements. Mr. Lewis moved Resolution 767-12; seconded by Mr. Capovani. Following brief discussion, Resolution 767-12 was approved.

4.      Alco Redevelopment Project: Resolution768-12 — Amend the General Project Plan  

Resolution 768-12 extended the partial real property tax exemption for the Alco Redevelopment Project by an additional two years at $40,000 per year. Once the construction phase begins next year, it is anticipated that a longer term IDA Pilot agreement will be formulated. Although the site is much improved with the demolition of blighted buildings, it generates virtually no income to the developer, Maxon Alco Holdings, LLC. Ms. Jordan moved Resolution 768-12; seconded by Mr. Lewis. Resolution 768-12 was approved after brief discussion. 

5.      Downtown Fix-up Program: Resolution 769-12 — Adopt the General Project Plan

Resolution 769-12 allocated $152,000 to replace sidewalks, curbing, and handicap accessible curb cuts along the west side of North Broadway from Liberty Street to Union Street. In addition funds were set aside covering modest repair and replacement of settled pavers, broken sidewalks, damaged bollards and the like in and around the Proctors Block. Mr. Wall moved Resolution 769-12; seconded by Mrs. Hutchison. Discussion followed about the program and on-going work on lower State Street. Resolution 769-12 was unanimously approved.

6.      2012 Bond Refunding: Resolution 770-12 — Hold a Public Hearing

The Fiscal Audit Committee has recommended consolidating and refunding bonds issued in 2001 and 2004. At current interest rates, the refunding affords significant savings by reducing debt service payments and preserving cash for projects. Resolution 770-12 called for the statutorily required public hearing with respect to issuing bonds pursuant to §2655(2) of the enabling act. Mr. Lewis moved Resolution 770-12; seconded by Mr. Capovani.  After discussion, Resolution 770-12 was unanimously approved.


7.      
2012 Bond Refunding: Resolution 771-12 — Retain Bond Underwriter

The Fiscal Audit Committee recommended engaging RBC Capital Markets to act as bond underwriter for the 2012 Bond Refunding. In April, an RFP was disseminated to 11 firms soliciting qualifications and fee quotes. Of the six proposals received, RBC Capital Markets offered the second lowest pricing, has a strong record representing Metroplex, and was the only company with a capital District office. Ms. Jordan moved Resolution 771-12; seconded by Mr. Wall and approved.

8.   2012 Bond Refunding: Resolution 772-12 — Retain Bond Counsel

Authority staff recommended retaining Hiscock & Barclay, LLP (Connie Cahill), the same firm that represented Metroplex for its 2008 and 2010 bond issuances at an estimated cost of $22,500 including out-of-pocket expenses. Mrs. Hutchison moved Resolution 772-12; seconded by Mr. Lewis and approved. 

9.    2012 Bond Refunding: Resolution 773-12 — Retain Financial Advisor

Fiscal Advisors & Marketing, Inc. (Jeanine Caruso) has represented Metroplex and performed capably as financial advisor for every bond issue. Under the Authority’s Procurement Policy, the firm is eligible to represent Metroplex since it was retained for the 2008 and 2010 bond issuances following a competitive bidding process. Fiscal Advisors retainage is $28,500. Ms. Jordan moved Resolution 773-12; seconded by Mrs. Hutchison.  Following discussion about the roles of the various firms involved in the bond process, Resolution 773-12 was approved.

10.  Public Comment — None

11.  Board Comment — Ray Gillen provided an overview of recent prospects interested in Hillside       Park, Airport Park, and Rotterdam Industrial Park.

12.  Adjournment — Ms. Jordan moved to adjourn; seconded by Mr. Lewis; meeting adjourned at 6:30 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
July 18, 2012

Present:       Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Bill Chapman, Bob Mantello, Janet Hutchison, John Mallozzi and Karen Zalewski-Wildzunas  

Absent:       Neil Golub and Ed Capovani

Others:        Connie Cahill and Melissa Bennett (Bond Counsel), Jayme Lahut, Jim Callander and an audience of 4

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

 

1.      Approval of Minutes:  Mr. Wall moved adoption of the June 13, 2012 meeting minutes; seconded by Mrs. Hutchison and approved (Ms. Jordan was absent).

2.      Treasurer’s Report — Mr. Wall reviewed the Treasurer’s Report for the period ending June 30, 2012 which was distributed prior to the meeting. He noted that revenues were up by $148,000 and expenses slightly over budget due to marketing and website cost. Cash on hand was $1,677,342.  Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report; seconded by Mr. Lewis and approved.

3.      2012 Bond Refunding: Resolution 774-12 — Eighth Supplemental Bond Resolution

Resolution 774-12 approved the General Project Plan and authorized the refunding of the Series 2001A Bonds and the Series 2004A Bonds prior to maturity of the outstanding principal amount totaling about $14,500,000. Connie Cahill (Bond Counsel) explained the process for refinancing the bonds, which is expected to result in a substantial reduction in annual debt service payments. A public hearing was held on July 11 and no written or oral comments were received. Mrs. Zalewski-Wildzunas moved Resolution 774-12; seconded by Mr. Chapman.  Following discussion, Resolution 774-12 was approved.

4.      2012 Bond Refunding: Resolution 775-12 — Authorization for Sale of Bonds

In accordance with the Authority’s Guidelines for the Sale and Reporting of Bonds, Resolution 775-12 enables the Chairman to evaluate and approve the sale of the Bonds on a public, negotiated basis. Based upon past practice and on the advice of the Authority’s financial advisor, Jeanine Caruso, and underwriter, RBC Capital, a public negotiated sale of bonds was recommended to secure the rates and terms on the bond refunding. Mrs. Zalewski-Wildzunas moved Resolution 775-12; seconded by Mr. Chapman and approved.

5.      Downtown Fix-up Program: Resolution 776-12 — Amend the General Project Plan

Based on the bid results, Resolution 776-12 increased the allotment of funds for project design and implementation from $152,000 to $199,200.  Ms. Jordan moved         Resolution 776-12; seconded by Mr. Mantello. Following discussion about the bid results and the project, Resolution 776-12 was approved.

6.     Downtown Fix-Up Program: Resolution 777-12 — Award Paving Contract

Metroplex publicly bid work for the project and secured three proposals ranging from $144,200 to $196,466. Resolution 777-12 awarded the contract to Hudson River Construction, Inc. of Albany for $144,200. Mr. Wall moved Resolution 777-12; seconded by Mr. Lewis. Discussion followed about additional sidewalk repairs and Resolution 777-12 was approved.

7.     Schenectady County CDBG Fund: Resolution 778-12 — Sub-recipient Agreement with the Schenectady County

Resolution 778-12 authorized entering into a sub-recipient agreement with Schenectady County to administer approximately $300,000 in federal Community Development Block Grants available to the County for economic development purposes. The agreement allows the Metroplex Board to approve projects that create or retain employment opportunities and provide other economic benefits to County residents.  Mrs. Zalewski-Wildzunas moved Resolution778-12; seconded by Ms. Jordan.  Following discussion, Resolution 778-12 was approved. 

 8.     DHA Energy, Inc. (Glenville) Expansion Project: Resolution 779-12 — Adopt the General Project Plan

DHA Holdings, Inc., a manufacturer of machine parts for gas turbines, power generators, and oil and gas companies, is expanding operations in the Glenville Business and Technology Park.  The $1.4 million project involves tripling the size of the leased production facility from 12,000 to 36,000 square feet and purchasing machinery and equipment. Metroplex’s participation involved a $100,000 conditional grant for production equipment purchases via the County CDBG fund.  Mrs. Zalewski-Wildzunas moved Resolution 779-12; seconded by Mr. Lewis.  Following discussion, Resolution 779-12 was approved.

9.      Benchemark Printing Expansion Project: Resolution 782-12 — SEQRA

The project involves the purchase of two adjoining parcels totaling about 1.8 acres of land as well as a 7,500 square foot building near Benchemark’s current printing facility on Maxon Road Extension. The new facility will be renovated to accommodate offices and warehouse space for American Hospital Patient Guide, Inc., a Benchemark affiliated entity. Following the environmental review conducted by Metroplex, Resolution 782-12 found the project to be an Unlisted Action under SEQRA without any significant effect on the environment. Ms. Jordan moved Resolution 782-12; seconded by Mr. Wall and approved.

10.    Benchemark Printing Expansion Project: Resolution 781-12 — Adopt the General Project Plan

Resolution 781-12 involved making a grant of up to $150,000 for the building acquisition, renovation and expansion for the Benchemark affiliate, American Hospital Patient Guide, Inc. Benchemark, a full service commercial printer, currently employing 73 people, while AHPGU employs 20 people involved with publishing more than 250 patient guides to hospitals across the U.S.  The project creates 12 additional full-time staff over the next three years. Mrs. Zalewski-Wildzunas moved Resolution 781-12; seconded by Mr. Mallozzi.  Following discussion, Resolution 781-12 was approved.

11.    Hodorowski Homes Apartment Project: Resolution 782-12 — Commence Real Property Disposition Process

 Resolution 782-12 started the state-mandated real property disposition process allowing for a 90-day notice period that fulfills requirements of the Authority’s Real Property Disposition Policy with respect to the sale of a .9-acre portion of Metroplex-owned property at the northeast corner of Broadway and Hamilton Street to Hodorowski Homes. The parcel appraised for $97,500, which the Hodorowski entity has agreed to pay. The developer plans to construct a 3-story 25,500 square foot mixed-use facility containing 16 apartments and ground floor retail space. Mrs. Zalewski-Wildzunas moved Resolution 782-12; seconded by Mr. Lewis.  Following discussion about Hodorowski’s fine reputation for quality building throughout the Capital District, Resolution 782-12 was approved.

12.    Center City Redevelopment Project: Resolution 783-12 — Amend the General Project Plan

Resolution 783-12 authorized a partial exemption from real property taxes in accordance with Section 2667 of the enabling Act.  Prior to its redevelopment, a PILOT with the previous owners of the Center City complex yielded $10,000 annually over 25 years. The current Center City PILOT generates payments of $150,000 per annum, which will increase to $300,000 for the next five years under the new PILOT.  Ms. Jordan moved Resolution 783-12; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 783-12 was approved.

13.    Child Program and Family Resource Center Project: Resolution 784-12 — Amend Loan Terms

Resolution 784-12 authorized subordinating the Metroplex loan mortgage to NBT Bank and allowed Parsons Child & Family Services to assume the Metroplex loan obligation. Metroplex provided a loan to Child Program and Family Resource Center for construction of a 22,000 square foot child center at 125 Bigelow Avenue in Schenectady. The Metroplex loan balance is $228,500 and payments are up to date. Recently Parsons agreed to manage the facility, repaid an HSBC loan in full, and secured new financing with NBT Bank, thereby requiring Metroplex subordination. Mrs. Zalewski-Wildzunas moved Resolution 784-12; seconded by Mr. Lewis.  Following discussion about the transaction, Resolution 784-12 was approved.

14.    308 Union Street Façade Project: Resolution 785-12 — Amend the General Project Plan

In May, the Board authorized a $60,000 grant to Zachen Properties, LLC with respect to the purchase and adaptive reuse of the former Acme press building at 308 Union Street as a restaurant. Resolution 785-12 authorized an additional $45,000 project loan at 3 percent interest over a ten-year term for upgrades to the North Broadway side of the facility, including new entrance, awnings and using natural stone and brick materials to make the building more attractive. Mrs. Zalewski-Wildzunas moved Resolution 785-12; seconded by Ms. Jordan and approved.

15.    Public Comment — Robert Harvey, President, Schenectady United Neighborhoods, expressed interest in ways that the SUN group could work with Metroplex in the City’s neighborhoods.

16.    Board Comment — General discussion followed regarding parking, cleanup of the South Broadway parking lot, the Armory auction, CFA funding cycle and the recent Museum expansion announcement.

  17.  Adjournment — Mrs. Zalewski-Wildzunas moved to adjourn; seconded by Mr. Lewis.  The meeting adjourned at 7:05 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
September 12, 2012

Present:          Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Bill Chapman, Bob Mantello,  Janet Hutchison, Ed Capovani and John Mallozzi  

Absent:           Neil Golub and Karen Zalewski-Wildzunas

Others:           Jim Callander and an audience of 1

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Ms. Jordan moved adoption of the July 12, 2012 meeting minutes; seconded by Mr. Lewis and approved.

2.      Treasurer’s Report — Mr. Wall reviewed the Treasurer’s Report for the period ending July 31, 2012 which was distributed prior to the meeting. He noted a positive variance of $157,000 in revenue and operating expenses remained below budget. Cash on hand was $2,754,994.  Mr. Mantello moved to accept the Treasurer’s Report; seconded by Mr. Lewis and approved.

3.      Benchemark Printing Expansion Project: Resolution 786-12 — Amend the General Project Plan

The Board previously authorized a $150,000 grant for Benchemark’s affiliate, American Hospital Patient Guide’s expansion project at 2010 Maxon Road. Resolution 786-12 allowed a sales tax exemption on materials, supplies, services and FF&E associated with the building renovation project that was inadvertently excluded from the prior approval. Mr. Wall moved Resolution 786-12; seconded by Mr. Lewis and approved.  

4.      Downtown Fix-up Program: Resolution 787-12 — Amend the General Project Plan

Resolution 787-12 added $96,000 to the project by extending sidewalk replacement to the east side of N. Broadway at Union Street, replacing 9 streetlights on N. Broadway between Liberty and Union Streets, and upgrading crosswalks as more handicapped accessible near Proctors. Ms. Jordan moved Resolution 787-12; seconded by Mrs. Hutchison.  Following discussion, Resolution 787-12 was approved.

5.      Downtown Parking Project: Resolution 788-12 — Amend State Assistance Contract for Broadway South Lot (NYS DEC)

Resolution 788-12 authorized undertaking additional environmental cleanup work involving an above-ground vault and adjoining parcel west of the Weigh Station near the rail tracks. DEC’s Environmental Restoration Program would provide 90 percent reimbursement for cleanup costs leaving Metroplex with covering only $35,000. Mr. Chapman moved Resolution 788-12; seconded by Mr. Lewis.  Following brief discussion, Resolution 788-12 was approved.

6.      Downtown Parking Project/Broadway Garage Energy Savings Lighting Project: Resolution 789-12 — Make Application to National Grid

The project involves retrofitting the interior lights in the Broadway Garage with LED energy efficient bulbs by applying to and using a National Grid energy conservation program that is expected to reduce these utility costs by about 50 percent. The total project cost to replace all lamps and related disposal is $151,465.  National Grid Small Business Services Program will cover $107,465 while Metroplex’s share will be $44,000.  Ms. Jordan moved Resolution 789-12; seconded by Mrs. Hutchison and approved.         

7.     Public Comment — Roy Neville, Schenectady United Neighborhoods, expressed interest in ways that the SUN group could work with Metroplex in improving the City’s neighborhoods.

8.      Board Comment — General discussion followed regarding the grand opening of SCCC’s College Suites, Target in Glenville, and the opening of SCCC’s new music building.

  9.     Adjournment — Ms. Jordan moved to adjourn; seconded by Mr. Lewis.  The meeting   adjourned at 6:30 p.m.

Respectfully submitted,

Jim Callander
Finance Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
October 17, 2012

Present:          Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Neil Golub, Bill Chapman, Bob Mantello, Ed Capovani and Karen Zalewski-Wildzunas  

Absent:           Janet Hutchison and John Mallozzi

Others:           Jayme Lahut, Jim Callander and an audience of 2

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:   Ms. Jordan moved adoption of the September 12, 2012 meeting minutes; seconded by Mr. Wall and approved.

2.     Treasurer’s Report — Mr. Wall reviewed the Treasurer’s Report for the period ending September 30, 2012 which was distributed prior to the meeting. He noted a positive variance of $127,000 in sales tax revenue. Operating expenses exceeded budget slightly due to small increases in marketing and legal costs. Cash on hand was $2,282,145. Mrs. Zalewski-Wildzunas moved to accept the Treasurer’s Report; seconded by Mr. Lewis and approved.

3.      Hodorowski Homes / Broadway Apartment Project: Resolution 790-12 — Amend SEQRA Findings

Resolution 790-12 amended the Findings Statement prepared and approved by Metroplex with respect to the 2003 Proctors Block EIS, which contemplated extensive build out in the downtown core and addressed the potential impacts of this growth.  The construction of a 3-story, 25,500 square foot mixed-use facility containing 16 apartments and 8,500 square feet ground floor retail space is substantially smaller in scale than concepts contained in the EIS, so the project does not exceed the thresholds established in prior Finding Statements. Mrs. Zalewski-Wildzunas moved Resolution 790-12; seconded by Mr. Wall.  Following discussion about the project, Resolution 790-12 was approved.

4.      Bread and Roses, LLC / Mexican Radio Schenectady Project: Resolution 791-12 —SEQRA / Determination of No Significant Effect on the Environment

The project involves the adaptive reuse of the former Imperial Building at 325 State Street. Plans called for converting the first and second floors into a 2-story destination restaurant, outdoor patio facing State Street and third floor offices. Metroplex conducted an environmental review, found the project to be an Unlisted Action as a building renovation project and had no significant effect on the environment. Ms. Jordan moved Resolution 791-12; seconded by Mr. Golub and approved.

5.      Bread and Roses, LLC / Mexican Radio Schenectady Project: Resolution 792-12 — Hold a Public Hearing

Mexican Radio operates highly successful restaurants in Manhattan and Hudson. The principals purchased the 26,139 square foot former OTB / Imperial Building, which is comprised of three separate buildings requiring substantial renovation. The $3.3 million project has secured NBT Bank and SBA-504 financing commitments. Metroplex involvement would include a $256,000 grant for the purchase of the facility, building stabilization and renovation, exemptions from sales and use taxes, mortgage recording taxes and a PILOT agreement. Resolution 792-12 authorized holding a public hearing on the project. Mrs. Zalewski-Wildzunas moved Resolution 792-12; seconded by Ms. Jordan. Following discussion about the project, Resolution 792-12 was approved.

6.      Trailways Façade Project: Resolution 793-12 — Amend the General Project Plan

Resolution 793-12 approved an increase in Metroplex’s façade grant by $30,000 because the project cost is $190,000, which is higher than the original estimate. This is a key project on lower State Street, given its proximity to SCCC, the student housing project, and plans to renovate Liberty Park. The architect retained by Adirondack Trailways, Michael Roman with C2 Design, has secured approval of the façade upgrade from Adirondack Trailways and City Planning officials. Mrs. Zalewski-Wildzunas moved Resolution 793-12; seconded by Mr. Lewis.  Following brief discussion, Resolution 793-12 was approved.

7.      FY-2013 Budget:  Resolution 794-12 — Adopt Fiscal Year 2013 Budget

The Fiscal Audit Committee recommended adoption of the 2013 budget, which reflected growth in sales tax revenue and slightly higher operating expenses. The predevelopment budget was increased to address additional economic development activities expected next year. Mr. Lewis moved Resolution 794-121; seconded by Mrs. Zalewski-Wildzunas and approved following discussion.

8.      Downtown Parking Project: Resolution 795-12 — Adopt the FY-2013 Parking Budget

Parking usage continued to increase in 2012 with a 21% increase in visitor parking, among other things. The 2013 parking budget includes revenue increases and declining expenses from current levels. Mr. Wall moved Resolution 795-12; seconded by Mr. Lewis and approved. 

9.      Public Comment — Sharon Schmidt, Schenectady United Neighborhoods, reported that SUN had prepared a presentation about City neighborhoods for interested Board members.

10.    Board Comment — Board discussion about various projects in Glenville and SCCC’s proposed math and science facility.

11.    Adjournment — Mr. Mantello moved to adjourn; seconded by Mr. Wall.  The meeting was adjourned at 6:35 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
November 14, 2012

Present:          Ray Gillen, Brad Lewis, Sharon Jordan, Bill Chapman, Ed Capovani, Janet            Hutchison, John Mallozzi and Karen Zalewski-Wildzunas  

Absent:          Neil Golub, Bob Wall and Bob Mantello

Others:          Jayme Lahut, Jim Callander and an audience of 2

 

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes: Ms. Jordan moved adoption of the October 17, 2012 meeting minutes; seconded by Mrs. Zalewski-Wildzunas and approved.

2.     Treasurer’s Report: Jayme Lahut reviewed the Treasurer’s Report for the period ending October 31, 2012 which was distributed prior to the meeting. He noted that income is up about $224,000 for the period and operating expenses are below budget. Cash on hand was $1,816,895. He disclosed that the pre-development expenses would exceed its budget for the year due to higher than anticipated project activities, and that the Fiscal Audit Committee was watching the spending pattern. Mr. Lewis moved to accept the Treasurer’s Report; seconded by Mrs. Zalewski-Wildzunas and approved.

3.      Bread and Roses, LLC / Mexican Radio Schenectady Project: Resolution 796-12 —Adopt the General Project Plan

A public hearing on the project was held on October 31, 2012.  No written or oral comments were received. The $3.3 million project includes the purchase and renovation of the former OTB/Imperial Building at State Street and Broadway. The first and second floors of the 26,139 square foot complex will house a destination restaurant and the third floor will be used for office space and/or apartments. Metroplex involvement includes a $256,000 grant for purchase of the building, building stabilization, repairs and/or exterior renovation and façade upgrades.  In addition, Metroplex authorized an exemption from sales and use taxes, mortgage recording tax and real property taxes. The Pilot will add tax base since OTB did not pay any property taxes for the past 25+ years. Mr. Capovani moved Resolution 796-12; seconded by Mrs. Zalewski-Wildzunas. Following discussion, Resolution 796-12 was approved.

4.      Schenectady Armory Redevelopment Project: Resolution 797-12 — Adopt the General Project Plan

The project involves the preservation and adaptive reuse of the 65,000 square-foot Schenectady Armory off lower State Street, which is listed on the State and Federal National Registers of Historic Places.  Schenectady-based Legere Restorations submitted a bid of $260,000 at an OGS auction earlier this year.  Metroplex participation involves granting a partial real property tax exemption to Legere Properties, LLC for ten years generating $395,000 in taxes over the 10-year period. The property has not generated property taxes since it was constructed in 1936. The project was determined to be a Type II action under SEQRA.  Ms. Jordan moved Resolution 797-12; seconded by Mr. Capovani.  Following discussion, Resolution 797-12 was approved. 

5.      Executive Session:  Prospective acquisition, sale or lease of real property.

Mr. Capovani moved to convene in executive session to discuss the prospective acquisition, sale or lease of real property, seconded by Mrs. Zalewski-Wildzunas, and approved. The executive session started at 6:25 p.m. and reconvened in public at 6:45 p.m.  Mr. Gillen stated that no action or voting was taken and a property matter was discussed.

6.       Adjournment — Mrs.  Zalewski-Wildzunas moved to adjourn; seconded by Mr. Lewis and approved. The meeting was adjourned at 6:45 p.m.

Respectfully submitted,

Jayme Lahut
Executive Director

 

2011 MEETING MINUTES

Schenectady Metroplex Development Authority
Board Meeting Minutes
January 19, 2011

Present:             Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Gary McCarthy, Bob Mantello, Patrick Saccocio, Janet Hutchison, Bill Chapman and Ed Capovani

Absent:              Neil Golub

Others:              Neil Levine and Terresa Bakner (Authority Counsel), Jayme Lahut, Jim Callander, Richard Pearson and Andrew Brick (representatives of the Kmart Redevelopment Project) and audience of 1

Public Hearing: K-Mart Redevelopment Project — Jayme Lahut opened the public hearing at 6:00 p.m., summarized the proposed project, explained Metroplex’s participation in the project and noting that the hearing was properly and duly noticed in the Daily Gazette. No written or oral comments were received. The hearing was closed. 

Call to Order:    Mr. Gillen called the meeting to order at 6:05 p.m.

1.      Approval of Minutes: Mr. McCarthy moved adoption of the December 22, 2010 meeting minutes; seconded by Mr. Capovani and approved (Mrs. Hutchison was absent).   

2.      Treasurer’s Report: Ms. Jordan reviewed the Income and Operating Expense Report for the period ending December 31, 2010, which was distributed prior to the meeting. She noted that operating expenses remained below budget, income has improved, and cash on hand totaled $3,022,052.  Ms. Jordan moved acceptance of the Treasurer’s Report; seconded by Mr. Wall. After brief discussion, the Treasurer’s Report was accepted (Mrs. Hutchison was absent).

3.      K-Mart Redevelopment (Target) Project: Resolution 691-11  — SEQRA 

Metroplex accepted the lead agency designation for purposes of conducting a coordinated environmental review (SEQRA).  The project called for demolition of existing structures and construction of a 134,742 square foot Target discount store, an attached 36,000 square foot adjoining retail space and one or more 3,000 square foot pad sites for future development. The project is located at Route 50 and Glenridge Road. Project engineer, Richard Pearson, made a presentation about existing conditions, reviewed the site plan, summarized the reports prepared for the environmental review including a full Environmental Assessment Form, traffic study, storm water plan, surveys and site plans, and economic impact study. He focused on new traffic signals needed, storm water improvements, land swap with Glenville Queen Diner, landscaping and new sidewalks that are incorporated into the plan. The resolution classifies the project as Type I action and upon assessment of all data that the project will have no significant impact on the environment since it is effectively a reuse of an existing retail site. Mr. Capovani moved Resolution 691-11; seconded by Mr. McCarthy. Discussion followed about traffic and pedestrian accessibility. Resolution 691-11 was approved unanimously.

4.      K-Mart Redevelopment (Target) Project:  Resolution 691-11 Adopt the General Project Plan

Metroplex participation in the project involves a $180,000 grant for traffic signalization and improvements as well as an exemption from mortgage recording tax, sales taxes on construction materials, supplies and furniture and fixtures and Pilot that increases taxes currently paid on site. The project budgeted is $17 million. Mr. Capovani moved Resolution 691-11, seconded by Mr. Saccocio. Brief discussion followed. Resolution 691-11was unanimously approved.

5.         Downtown Parking Project (Clinton South Parking Lot):  Resolution 693-11 — Environmental Easement

Since 2004 Metroplex and the City have worked with NYS DEC undertaking soil investigations and remediating small discrete areas of the Clinton South and Broadway South parking lots.  With work completed on the Clinton South site, Resolution 692-11 authorizes filing a DEC-mandated environmental easement containing protocol for responding to any future contamination uncovered within the site. Ms. Jordan moved Resolution 693-11; seconded by Mr. Capovani. After brief discussion, Resolution 693-11 was unanimously approved. 

6.      Accounting Services Contract:  Resolution 694-11 — Robert L. Kristel, CPA P.C.

Metroplex staff recommended a $48,000 annual contract with Robert L. Kristel, CPA, P.C. for on-call accounting services, preparing quarterly review statements and year-end financials, bond reporting and assisting with the annual audit. The firm also provides information used by management decision making, planning and meeting regulatory requirements with government agencies. Ms. Jordan moved Resolution 694-11; seconded by Mr.  Lewis and unanimously approved.

7.   Public Comment:  None

8.    Board Comment: Mr. Gillen spoke about President Obama’s upcoming visit to Schenectady and the transformation of GE’s campus and the company’s enormous investment in both Schenectady and Niskayuna.

9.     Adjournment: Mr. McCarthy moved to adjourn; seconded by Mr. Mantello. The meeting adjourned at 6:30 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director


Schenectady Metroplex Development Authority
Board Meeting Minutes
February 9, 2011

Present:             Ray Gillen, Brad Lewis, Bob Wall, Gary McCarthy, Neil Golub, Bob Mantello, Patrick Saccocio, Janet Hutchison and Ed Capovani

Absent:            Sharon Jordan and Bill Chapman

Others:            Neil Levine (Authority Counsel), Jayme Lahut and Jim Callander

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes: Mr. Lewis moved adoption of the January 19, 2011 meeting minutes; seconded by Mrs. Hutchison and approved.   

 2.    Treasurer’s Report: Jayme Lahut reviewed the Income and Operating Expense Report for the period ending January 31, 2011, which was distributed prior to the meeting. He noted that there was little activity to report for January and cash on hand stood at $2,723,616. Mr. Lewis moved acceptance of the Treasurer’s Report; seconded by Mr. Wall, and approved.

3.    Villa Italia Bakery Project: Resolution 695-11 — Subordinate Mortgage

Villa Italia requested that Metroplex subordinate its first position mortgage to a new loan with Trustco Bank. The original 2005 project was largely funded by the Mallozzi family with small loan and grant assistance from Metroplex and the City.  Villa Italia’s financial condition is very strong and the project has been an enormous success in downtown Schenectady. Villa Italia employs 45 people. The Trustco loan pays off an existing line of credit and facilitates increased production, new products and more jobs. The Metroplex loan balance is about $285,000. Mr. McCarthy moved Resolution 695-11; seconded by Mr. Saccocio. After brief discussion, Resolution 695-11 was unanimously approved.

4.    Duanesburg Waste Water Treatment Plant Study: Resolution 696-11 — Adopt the General Project Plan

The Town of Duanesburg wants to evaluate the costs-benefits of improving and extending the Delanson wastewater treatment system to service the hamlet of Duanesburg.  The absence of municipal sanitary services is perceived as an obstacle to business expansion and economic development in the hamlet. Metroplex would make a $20,000 grant in support of the study to offset the $40,000 cost of the study. The project is a Type II action under SEQRA. Mr. Wall moved Resolution 696-11; seconded by Mr. Capovani. Following discussion, Resolution 696-11 was approved.

5.    Project Reconciliation and Accounting:  Resolution 697-11 — Release Unexpended Project Obligations

The resolution listed seven projects where either all work has been completed and Metroplex funds remain unspent or the project has not and will not be completed in the future. The total amount recaptured is $138,533, which may be dedicated to new projects. Jayme Lahut reviewed each project. Mr. Lewis moved Resolution 697-11; seconded by Mr. Capovani and approved.

6.   Project Reconciliation and Accounting:  Resolution 698-11 — Allocate Additional Project Funds

Jayme Lahut reviewed the three projects identified in Resolution 698-11 that were completed in 2010 and incurred expenses that exceeded Board authorization. The resolution allocates an additional $18,028 for these projects. Mr. Lewis recommended modifying the resolution to clarifying the uses of the extra funds. By consent, the resolution was modified as follows:

RESOLVED, the following projects are hereby classified as completed and require an additional Authority allocation of funds to supplement the project budgets for necessary legal, accounting, construction oversight and other project-related expenses in the amounts shown:

Mr. Golub moved Resolution 698-11 as modified; seconded by Mr. Lewis and approved.

7.     Project Update:  Jayme Lahut showed photos of progress on the Alco demolition and Foster Building fix up.

8.     ABO Board Evaluation: The Authority Budget Office has promulgated an evaluation form that must be completed by all Board members. The results will be aggregated and attached to the Authority’s annual report submission to the ABO by March 3l. 

9.     Public Comment: None

10.   Board Comment:  There was discussion about the next phase of the Upper Union Streetscape project. A question was asked about the former Trustco Bank building located on Eire Boulevard.  Mr. Gillen made it clear that Metroplex had no involvement in this project.  

11.    Adjournment — Mr. McCarthy moved to adjourn; seconded by Mr. Wall. The meeting adjourned at 6:45 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
March 9, 2011

Present:             Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Gary McCarthy, Neil Golub, Bob Mantello, Janet Hutchison, Bill Chapman and Ed Capovani

Absent:            Patrick Saccocio

Others:            Jayme Lahut, Jim Callander, Robert Kristel, CPA and James Salengo (DSIC)

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Mr. Golub moved adoption of the February 9, 2011 meeting minutes; seconded by Mr. McCarthy and approved.   

2.      Treasurer’s Report:  Robert L. Kristel, CPA, the Authority’s accountant, made an oral presentation reviewing the financial statements for the year ending December 31, 2010, which were distributed to the Board in advance of the meeting. The financials are used by the Authority’s auditors, Bollam, Sheedy, & Torani, in preparing the annual audit. Mr. Kristel reviewed the Balance Sheet, Revenue and Expense Statement, Cash Flow Statement and notes. He explained that the financial statements are prepared in accordance with generally accepted accounting principles. Upon completion of the final year-end audit by BST, the Fiscal Audit Committee will review with the auditors, with Board consideration at the next meeting.

3.      Annual Meeting: Resolution 699-11 —  Election of Officers

In accordance with provisions of the By-Laws, Resolution 699-11 appoints Sharon Jordan as Secretary and Bob Wall as Treasurer. Mr. McCarthy moved Resolution 699-11; seconded by Mr. Golub and approved unanimously.

4.      Downtown Denny’s Façade Grant:  Resolution 700-11 — Adopt the General Project Plan

Plans call for renovating the former Friendly’s at the corner of Nott Terrace and Liberty Street by Nott Terrace LLC and conversion to Denny’s restaurant. Renovations take about 6 months, and have already started. Metroplex participation involves a $25,000 façade grant for signage, painting, and awnings. The project is a Type II action under SEQRA.  Mr. McCarthy moved Resolution 700-11; seconded by Ms. Jordan.  Following brief, Resolution 700-11 was unanimously approved.

5.      Downtown Schenectady Improvement Corporation: Resolution 701-11 — Adopt the General Project Plan

The project supports DSIC’s on-going operations, staffing and beautification activities for keeping the downtown clean, neat and safe 7-days a week. Metroplex participation involves a $170,000 grant to DSIC, a reduction from prior years. DSIC clean up occurs, weekdays, weekends and following special events. Seasonal activities include snow plowing at pedestrian crosswalks, hanging flower baskets, maintaining tree beds and maintaining landscaped areas downtown. Mr. McCarthy moved Resolution 701-11; seconded by Mr. Golub. Discussion followed in support of DSIC’s clean-up program. Resolution 701-11 was approved (Mrs. Hutchison abstained).

6.      Project Updates — Ray Gillen and Jayme Lahut discussed Foster building stabilization, obtaining Board evaluations for the audit, and distribution of sales tax receipts to the Towns and Villages.

7.      Public Comment — Jim Salengo, DSIC Executive Director, thanked the Board for supporting of       the Environmental Enhancement Program and the strong working relationship with Metroplex.

8.      Board Comment — There was general discussion about a variety of topics including the Van Dyck brewery, the Schenectady Museum, Upper Union Streetscape project and strategic marketing.

Adjournment –- Mr. Golub moved to adjourn; seconded by Mr. Lewis.  The meeting was adjourned at 6:45 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
April 13, 2011

Present:             Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Gary McCarthy, Neil Golub, Bob Mantello, Janet Hutchison, Bill Chapman and John Mallozzi

Absent:            Ed Capovani

Others:            Jayme Lahut and Jim Callander

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Mr. Golub moved adoption of the March 9, 2011 meeting minutes; seconded by Mr. McCarthy and approved.   

2.      Treasurer’s Report:  Mr. Wall stated that there was nothing unusual to report on the Income and Operating Expense Report for the period ending March 31, 2011 which was distributed prior to the meeting. Cash on hand totaled $2,258,660.  He noted that the actual predevelopment expenses for the period are right on target for the year.  Mr. Lewis moved acceptance of the Treasurer’s Report; seconded by Ms. Jordan and approved.

3.      2010 Audit:  Resolution 702-11 — Adopt Audit for the Fiscal Year Ending December 31, 2010

Mr. Wall reported that the Fiscal Audit Committee reviewed and recommended adoption of the 2010 audit prepared by Bollam Sheedy & Torani. He noted the audit was clean and unqualified as in past years.  There were no changes to the financial statements that Bob Kristel reviewed with the Board in March. Any findings had already been addressed. The audit will be placed on the Authority website and sent to various state and local officials. Mr. Wall moved Resolution 702-11; seconded by Ms. Jordan. After brief discussion, Resolution 702-11 was approved.

4.      Operating Policies and Procedures: Resolution 703-11 — General Operating & Financial Policy (Section A)

The General Operating and Financial Policy requires Board review and reauthorization every 3 years. These policies proved the internal system of checks and balances for proper oversight of operational and financial activities. No changes were recommended.  Mr. Lewis moved Resolution 703-11; seconded by Ms. Jordan and unanimously approved. 

5.      Operating Policies and Procedures: Resolution 704-11 — Cash Management and Investment Policy (Section B)

The Cash Management and Investment Policy requires an annual reauthorization. The policy is identical to the NYS Comptroller’s guidelines for municipalities and authorities. Jayme Lahut also reviewed an Investment Report that is now required by the Authority Budget Office. The resolution reauthorizes the policy and accepts the Investment Report. Mr. Wall moved Resolution 704-11; seconded by Mr. Golub and unanimously approved.

6.      Operating Policies and Procedures:  Resolution 705-11 — Procurement Guidelines (Section C)

The Procurement Guidelines require Board review and re-approval every 3 years. Mr. Golub moved Resolution 705-11; seconded by Mrs. Hutchison. Discussion followed about adhering to the provisions of the Public Authorities Law on procurement. Resolution 705-11 was unanimously approved.

7.     Operating Policies and Procedures: Resolution 706-11 — Sale and Reporting of Bonds and Notes (Section E)

The NYS Comptroller sets guidelines with respect to procurement of services in connection with the issuance of bonds, which Metroplex follows for all bond issuances.  The policy must be reviewed and reapproved annually. There were no changes. Mr. Lewis moved Resolution 706-11; seconded by Ms. Jordan and unanimously approved.

8.    Operating Policies and Procedures: Resolution 707-11 — Real Property Disposition Policy (Section F)

The policy follows the guidelines posted by the Authority Budget Office with respect to selling personal property and real property valued in excess of $5000. Resolution 707-11 reauthorizes the policy, reaffirms the Executive Director as Contracting Officer for monitoring policy compliance and accepting the annual Real Property Disposition Report that was reviewed by Jayme Lahut. Resolution 707-11; seconded by Mr. Wall. After discussion, Resolution 707-11 was unanimously approved.    

9.     Operating Policies and Procedures: Resolution 708-11 — Loan Administration Policy (Section G)

The policy sets forth the Authority’s policies for its loan portfolio including the responsibilities and obligations of the Fiscal Audit Committee and the Board. The policy must be reviewed and re-approved every three years. Mr. Lewis moved Resolution 708-11; seconded by Ms. Jordan. There was no discussion. Resolution 708-11was unanimously approved.

10.    Operating Policies and Procedures: Resolution 709-11 — Reauthorize Master Goal Plan for Minority / Women-owned Business Enterprises (Section H)

The policy addresses the requirements under Executive Law 15-A for procuring and using State-certified MWBE businesses in acquiring goods and services. Jayme Lahut explained that new changes in the requirements are pending with the State. Mr. Lewis moved Resolution 709-11; seconded by Mrs. Hutchison. Discussion followed about on-going efforts county-wide of getting more businesses certified by New York State as MWBEs. Resolution 709-11 was approved.

11.    Public Comment — None

12.    Project Updates — Mr. Lewis moved to convene in executive session to discuss certain legal issues related to a real estate matter; seconded by Mr. Mantello. At 6:20 p.m. the Board met in executive session and reconvened publicly at 6:30 p.m. Mr. Gillen stated that no voting occurred during the executive session.  Discussion followed about various projects and issues.

13.    Adjournment — Mr. Wall moved to adjourn; seconded by Ms. Jordan.  The meeting was adjourned at 6:40 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
April 29, 2011
 

Present:             Ray Gillen, Bob Wall, Gary McCarthy, Neil Golub, Bob Mantello, John Mallozzi, Janet Hutchison, Bill Chapman and Ed Capovani

Absent:            Brad Lewis and Sharon Jordan

Others:            Jayme Lahut and Scott Cietek

Call to Order:    Mr. Gillen called the meeting to order at 8:00 a.m.

1.      Approval of Minutes: Mr. Mantello moved adoption of the April 13, 2011 meeting minutes; seconded by Mr. Wall and approved.   

2.      Hometown Health Center (Schenectady Family Health Services):  Resolution 710-11 — Amend the General Project Plan

In 2004 the Authority made a $1.5 million construction / permanent loan for 15 years (20-year amortization) at 0 percent interest as part of a $6.1 million project to expand Schenectady Family Health Services (d/b/a/ Hometown Health).  In November 2010, Hometown Health was awarded a $2.5 million HEAL grant for reducing its debt from $33,854 per month to $18,212 by allotting grant proceeds to Metroplex ($475,000) and CPC ($1,140,000).  Resolution 710-11 consented to the transaction as well as extended Metroplex’s loan term from 15-years to 20-years thereby matching the loan terms of the other two lenders. Mr. Wall moved Resolution 710-11; seconded by Mrs. Hutchison.  Following discussion, Resolution 710-11 was approved.

3.     Public Comment:  None

4.     Board Comment:  Mr. Gillen updated members on several projects including SCCC’s plans for a new music building.

5.      Adjournment — Mr. McCarthy moved to adjourn; seconded by Mr. Mantello. The meeting adjourned at 8:20 a.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
June 15, 2011
 

Present:             Ray Gillen, Sharon Jordan, Neil Golub, Bob Mantello, John Mallozzi, Bill Chapman and Karen Zalewski-Wildzunas

Absent:              Bob Wall, Ed Capovani and Janet Hutchison

Others:              Jayme Lahut, Jim Callander and Scott Cietek 

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:    Mr. Mantello moved adoption of the April 29, 2011 meeting minutes; seconded by Ms. Jordan and approved.   

2.      Treasurer’s Report:  Jayme Lahut reviewed the Treasurer’s Report ending May 31, 2011 which was distributed prior to the meeting. He noted that sales tax receipts increased and revenues were on target with budget, while the expenses are slightly over budget through five months. Cash on hand was $2,331,000. Mr. Golub moved acceptance of the Treasurer’s Report; seconded by Ms. Jordan and approved.

3.      Transfinder Corporation Relocation Project: Resolution 711-11 — Adopt SEQRA Resolution

The environmental review of the Transfinder project clearly fell with the parameters of the original Proctors Block Findings Statement adopted by the Board in November 2003. The building at 440 State Street is historically significant. When Proctors accepted a $150,000 Heritage Area grant for the building about ten years ago, the Office of Parks, Recreation and Historic Preservation (OPRHP) imposed certain deed restrictions requiring, among other things, adherence to federal preservation standards. Metroplex and Proctors convinced OPRHP to lift the requirement in order for Transfinder to acquire and renovate the building, while preserving the historically significant facade and expand the space to 26,000 square feet. Consequently the SEQRA resolution amends to prior Findings Statement and Resolution 711-11 determined that the project does not result in any significant adverse environmental impacts.  Mr. Golub moved Resolution 711-11; seconded by Mrs. Zalewski-Wildzunas. Following discussion about OPRHP and SEQRA, Resolution 711-11was approved.

4.      Transfinder Corporation Relocation Project: Resolution 712-11 — Adopt the General Project Plan

Founded in 1988 and headquartered in Schenectady, Transfinder Corporation applies MapInfo’s industry-leading mapping technology and database management to deliver superior transportation and logistics management solutions.  The company’s products allow school districts to manage bus routes, provide safe and efficient student transportation, and access a wealth of critical district information. Owned by Antonio Civitella, a Schenectady native, the company has more than doubled its sales in the past three years and has outgrown its leased space at 120 Erie Blvd. Plans call for demolishing a portion of the structure at 440 State Street and enlarging the building to 26,000 square feet for consolidating and expanding the company’s corporate headquarters. The total project cost is $4.2 million. Metroplex participation includes a $150,000 project renovation grant, a $60,000 façade grant and a partial exemption from real property taxes until March 1, 2012.  Mr. Mantello moved Resolution 712-11; seconded by Mrs. Zalewski-Wildzunas. Discussion followed and Mr. Gillen showed a rendering of the facility.  Resolution 712-11 was unanimously approved.

5.      Proctor’s Theatre Project:  Resolution 713-11— Amend the General Project Plan

Resolution 713-11 facilitated the Transfinder transaction by amending a promissory note with Proctors and revising the loan repayment schedule. Proctors originally borrowed $600,000 from Metroplex for construction in 2007, and repaid $300,000. When Transfinder acquires 440 State Street, Proctors then repays $150,000 to Metroplex that will then be used to repay OPRHP for Heritgae Area grant to Proctors thereby removing the deed restrictions on 440 State Street. Ms. Jordan moved Resolution 713-11; seconded by Mr. Chapman.  Following discussion, Resolution 713-11 was unanimously approved.

6.      Schenectady Heritage Visitor Center Project: Resolution 714-11 — Adopt the General Project Plan

Resolution 714-11 advances $220,000 in funding for a new Visitor Center located at Proctors.  In turn, a $180,000 DOT Scenic Byway Grant secured by the City will reduce the outlay upon project completion. The Visitor Center will feature exhibit panels highlighting local history, digital and video displays, a retractable stage for occasional live events, and promote Schenectady County tourism. Work will be completed by mid-July. Total project cost of $220,000 included the DOT funding plus Metroplex participation matching funds. Ms. Jordan moved Resolution 714-11; seconded by Mrs. Zalewski-Wildzunas.  Following discussion, Resolution 714-11 was approved.

7.      Clinton’s Ditch Expansion Project: Resolution 715-11 — Determination of No Significance on the Environment / SEQRA Negative Declaration

Clinton’s Ditch project involved constructing a 2,250 square foot addition for an expanded kitchen, upgraded service area, reconfigured lavatories, handicap accessibility, and more seating and banquet space. The site of a former City firehouse, the new structure’s façade will emulate features of the old firehouse including an overhead door that opens to the street during pleasant weather.  Resolution 715-11 addressed the state-mandated environmental review by classifying the project as an Unlisted Action and having no significant effect on the environment. Mrs. Zalewski-Wildzunas moved Resolution 715-11; seconded by Ms. Jordan and approved.

8.      Clinton’s Ditch Expansion Project:  Resolution 716-11 — Adopt the General Project Plan

Metroplex participation involved making a $30,000 façade grant in support of the notable exterior design and forgiving the outstanding balance (about $31,000) of its $50,000 loan for the original renovation in 2005. Mrs. Zalewski-Wildzunas moved Resolution 716-11; seconded by Mr. Mantello. Discussion followed and Resolution 716-11 was unanimously approved.

9.      Downtown Parking Project:  Resolution 717-11 — Award Parking Management Contract

In April, Metroplex disseminated a Request for Qualifications to a dozen parking management companies doing business in NYS. Three proposals were received from Laz Parking, Republic Parking (Worcester, MA) and SP Plus Municipal Services, a division of Standard Parking (New York, NY).  With the concurrence of the Fiscal Audit Committee, a multi-year contract was negotiated with Laz Parking for the on-going management and operation of the downtown parking system. Key provisions included a Five-year term with two-year renewal; compensation remains effectively unchanged (annual fee of $80,000 with an incentive of 8 percent of gross revenues not to exceed an additional $80,000 per year), and annual operating expenses based upon the Metroplex budget. Mr. Golub moved Resolution 717-11; seconded by Mr. Chapman. Brief discussion followed and Resolution 717-11 was unanimously approved.

10.    Program Management Services:  Resolution 718-11 — Renew Contract with T. Wilson & Associates, LLC

In 2009, the Board retained T Wilson & Associates for a three-year term following an RFP procurement to assist Metroplex staff with coordinating construction and renovation projects taking place in downtown and in Schenectady County.  The current year contract expired on April 30. The third year of the contract was negotiated for $8,000 per month. Ms. Jordan moved Resolution 718-11; seconded by Mr. Chapman and unanimously approved.

11.    Public Comment:  None

12.    Board Comment:   General discussion among the members followed.

13.     Adjournment —   Mr. Golub moved to adjourn; seconded by Mrs. Zalewski-Wildzunas. The meeting adjourned at 6:55 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
August 10, 2011
 

Present:             Ray Gillen, Sharon Jordan, Neil Golub, Bob Mantello, Ed Capovani, Bob Wall, John Mallozzi, Bill Chapman and Karen Zalewski-Wildzunas

Absent:              Brad Lewis, John Mallozzi and Janet Hutchison

Others:              Jayme Lahut, Jim Callander and Scott Cietek

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes: Mr. Golub moved adoption of the June 15 meeting minutes; seconded by Ms. Jordan and approved.   

2.      Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report ending July 31, 2011 which was distributed prior to the meeting. He highlighted the rising sales tax receipts year to date, which made revenues slightly under budget for the period. Operating expenses were also under budget. Cash on hand totaled $2,930,500.  Discussion followed about sales tax forecasts. Mr. Golub moved acceptance of the Treasurer’s Report; seconded by Mr. Capovani and approved.

3.      Foster Building Stabilization Project: Resolution 719-11 — Award Asbestos Abatement Contract

Metroplex publicly bid work for asbestos and debris removal within the Foster Building complex. Abatement was completed in the Foster Hotel last fall. Four firms submitted qualified bids with Four Strong Builders, Inc. from Clifton, NJ submitting the low bid at $239,900.  Mr. Capovani moved Resolution 719-11; seconded by Mr. Wall. Discussion followed regarding prospective developers interest in acquiring and redeveloping the site. Resolution 719-11 was unanimously approved.

4.      Downtown Parking Project: Resolution 720-11— Amend State Assistance Contract for Broadway South Lot (NYS DEC Environmental Restoration Program)

The State’s Environmental Restoration Program (ERP) can provide up to 90 percent reimbursement for clean-up costs associated with remediation of two locations in the Broadway South Lot. Resolution 720-11 authorized funding remediation up to $135,000 and thereby recouping from DEC up to 90 percent of eligible costs. Mr. Mantello moved Resolution 720-11; seconded by Ms. Zalewski-Wildzunas and unanimously approved.

5.      2011 Parking Infrastructure Improvements (Broadway South Lot): Resolution 721-11 Approve the General Project Plan

Since National Grid and DEC have proposed soil removal and clean-up in a broad area of the Broadway South lot, Metroplex can sequence lot reconstruction at considerable savings because Grid  will replace much of the site infrastructure as part of its work plan. Metroplex work will include installing curbing, resurfacing and restriping the lot, new lighting, fencing, planting grass and some repair to the historic Weigh Station. Ms. Jordan moved Resolution 721-11; seconded by Ms. Zalewski-Wildzunas. Discussion followed about the Grid’s contamination work and adaptive reuses for the Weigh Station. Resolution 721-11 was unanimously approved.

6.      Lofts at Union Square Project: Resolution 722-11 — Adopt the General Project Plan

Project plans call for demolition of existing vacant structures and constructing rental housing at the northwest corner of Union and Barrett Streets. The two-phased project envisions 8 two-story row house units with attached single-car garages on Barrett Street and a 3-story, 14-unit apartment building on Union Street. Metroplex participation is limited to phase-one by making a $150,000 grant for demolition and site preparation and $200,000 construction / permanent loan as part of the $1,543,000 project. The phase-two budget is $1.6 million. Ms. Jordan moved Resolution 722-11; seconded by Mr. Capovani. Discussion followed about the need for downtown housing and boosting the Union Street corridor. Resolution 722-111 was approved.

7.      LaSartoria Clothing Store:  Resolution 723-11 — Approve the General Project Plan

The project involved tenant fit-up of two storefronts on pedestrian Jay Street selling men’s and women’s apparel. The tenant, Grupo Lucano, LLC, plans to improve and upgrade the spaces and make significant investment in inventory. Metroplex participation involves a $15,000 grant and a $50,000 loan. Ms. Jordan moved Resolution 723-11; seconded by Ms. Zalewski-Wildzunas. After brief discussion, Resolution 723-11 was approved.

8.      Franklin Street Redesign Grant:  Resolution 724-11 Make Application and Adopt the General Project Plan

The project involved making a grant application to the NYS Environmental Facilities Corporation and a matching grant in support of studying redesign of Franklin Street from Vale Park to City Hall. The study is estimated to cost $71,000. It is intended to assess transforming the excessively wide street to more landscaped green space, bike tail and linking Vale Park and Central Park to downtown.  Mr. Capovani moved Resolution 724-11; seconded by Ms. Zalewski-Wildzunas. After brief discussion, Resolution 724-11 was unanimously approved.

9.   Public Comment:   None

10.    Board Comment:  Mr. Gillen reported on the Governor’s recent formation of Regional Councils.

11.  Adjournment:  Ms. Jordan moved to adjourn; seconded by Mr. Wall. The meeting adjourned at 6:45 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director


Schenectady Metroplex Development Authority
Board Meeting Minutes
September 14, 2011
 

Present:             Ray Gillen, Brad Lewis, Neil Golub, Bob Mantello, Janet Hutchison, Bob Wall, Bill Chapman and Karen Zalewski-Wildzunas

Absent:              Ed Capovani, Sharon Jordan and John Mallozzi

Others:              Jayme Lahut and Jim Callander

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes: Mr. Golub moved adoption of the August 10, 2011 meeting minutes; seconded by Mr. Wall and approved.   

2.      Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report ending August 31, 2011 which was distributed prior to the meeting. He noted that the sales tax earned is $127,000 more than forecast and operating expenses are below budget, so there was a surplus to date. Cash on hand totaled $2,478,137. Mr. Lewis moved acceptance of the Treasurer’s Report; seconded by                  Ms. Zalewski-Wildzunas and approved.

3.      2011 Parking Infrastructure Improvements (Broadway South Lot): Resolution 725-11 Award Paving Contract

Metroplex opened bids for reconstructing and improving the Broadway South parking lot following National Grid’s soil remediation project. The scope of work involved paving, striping, storm water drainage, lighting and electronic gates. Six firms submitted proposals with the low base bid of $338,665 by Peter Luizzi & Brothers Construction of Albany. The Board previously budgeted $498,000. Mr. Wall moved Resolution 725-11; seconded by Mr. Lewis.  Discussion followed regarding whether National Grid intended to start work this fall and whether the bidder’s price would keep until next year. Resolution 725-11 was approved.

4.      Foster Building Stabilization Project (Façade Project):  Resolution 726-11 — Amend the General Project Plan

Resolution 726-11 added $36,000 to the Foster Project budget for exterior painting, lighting and other modest improvements to make the properties more marketable. The exterior of 204 Lafayette Street remained unchanged as the work focuses on State Street. Mr. Mantello moved Resolution 726-11; seconded by Mr. Lewis.  Discussion followed about prospective developers, the status of asbestos abatement and other issues about the facilities. Resolution 726-11 was unanimously approved. 

5.      426 State Street Associates, LLC (Mazzone Project): Resolution 727-11 — Amend the General Project Plan

The resolution authorized subordinating the Metroplex loan mortgage and purchase money mortgage to HSBC, which committed $700,000 in permanent financing, and released a right-of-first refusal option and façade mortgage. The bank also may lend an additional $300,000 for tenant fit-up of the remaining unoccupied space at 426 State Street. The Angelo Mazzone and Paul Sciocchetti project now houses two retailers Aperitivo and Tara Global, 6 other businesses employing 60 people, and two luxury apartments. Mr. Lewis moved Resolution 727-11; seconded by Mr. Golub.  After brief discussion, Resolution 727-11 was approved (Ms. Zalewski-Wildzunas abstained).

6.      Presentations: 

         Patriot Square — Ray Gillen reported on plans to build an access road connecting Rudy Chase Drive and the Schenectady County Airport with Glenridge Road opening up the area behind Glenville Town Hall for mixed-use development at Patriot Square.

         Jay Street / Franklin Street Plan — Jayme Lahut reviewed a recent report for various improvements along pedestrian Jay Street, converting one-way streets to two-way streets for better way-finding, new bike trail Vale Park and City Hall, and expanded on-street parking in and around City Hall.

7.      Public Comment:  None

8.   Board Comment:  There was a brief discussion about the paving program undertaken throughout the City during the summer.

9.  Adjournment:   Mr. Mantello moved to adjourn; seconded by Mr. Lewis. The meeting adjourned at 7:00 p.m.

 

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
November 9, 2011 

Present:             Ray Gillen, Sharon Jordan, Bob Mantello, Janet Hutchison, Bob Wall, Bill Chapman, John Mallozzi and Karen Zalewski-Wildzunas

Absent:              Brad Lewis and Neil Golub

Others:              Jayme Lahut and Jim Callander

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Mr. Mantello moved adoption of the September 14, 2011 meeting minutes; seconded by Mrs. Hutchison and approved.   

2.      Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report ending October 31, 2011 which was distributed prior to the meeting. He noted that the sales tax receipts continue to rise and expenses are within budget.  Cash on hand totaled $2.4 million. Mr. Capovani moved approval of the Treasurer’s Report; seconded by Mrs. Zalewski-Wildzunas and approved.

3.      FY-2012 Budget:  Resolution 728-11 —  Adopt Fiscal Year 2012 Budget

The Fiscal Audit Committee recommended adoption of the 2012 budget, which reflected growth in sales tax revenue and slightly higher operating expenses due to increased employee pension health insurance costs. The predevelopment budget remained the same as 2011.  Ms. Jordan moved Resolution 728-11; seconded by Mrs. Zalewski-Wildzunas.  Following discussion, Resolution 728-11 was unanimously approved. 

4.      Transfinder Corporation Relocation Project: Resolution 729-11 — Amend SEQRA Findings Statement

As SEQRA lead agency, Metroplex needed to reconfirm an earlier SEQRA Findings Statement with respect to the recent State Historic Preservation Office’s determination that the existing 440 State Street façade cannot be maintained or preserved thereby allowing full replacement. Mr. Mantello moved Resolution 729-11; seconded by Mr. Wall. After discussion about new building design, Resolution 729-11 was unanimously approved.

5.      Transfinder Corporation Relocation Project:  Resolution 730-11 — Amend the General Project Plan

Resolution 730-11 reaffirmed Metroplex’s participation in the project including $210,000 in grants and a short-term Pilot and acknowledged the physical alterations contemplated with the project. Mrs. Zalewski-Wildzunas moved Resolution 730-11; seconded by Mr. Wall and unanimously approved.

6.      162-166 Jay Street Renovation Project: Resolution 731-11 — Adopt the General Project Plan

The project involved improving ground-floor retail spaces contained in the two-story building owned by Synthesis at 162 Jay Street. The owners will invest about $49,000 into the former Graubart’s Jewelry and Earthly Delights spaces to make vacant them tenant-ready. The work involved exterior painting, floor refinishing, window replacement and replacement of the HVAC system.  Metroplex’s participation involved a $20,000 grant. Mr. Capovani moved Resolution 731-11; seconded by Mrs. Hutchison. Following discussion, Resolution 731-11 was approved.

7.      Operating Policies and Procedures: Resolution 732-11 — Re-Adopt Master Goal Plan for Minority / Women-owned Business Enterprises

Resolution 732-11 re-adopted Metroplex’s MWBE policy in accordance with Executive Order 15-A setting goals for workforce participation and dollar value of contracts to minority and women-owned businesses certified by New York State. Ms. Jordan moved Resolution 732-11; seconded by Mrs. Zalewski-Wildzunas. Discussion followed about the complexities of securing designation as State-certified MWBE. Resolution 732-11 was unanimously approved.

8.    Presentations:  Ray Gillen provided a project update throughout the City and Towns and a look ahead on pipeline projects throughout the County.

9.   Public Comment:  None

10.  Board Comment:  Mr. Capovani spoke about a community forum on November 15 at Scotia-Glenville High School regarding the impact of Global Foundries on the area job market, businesses and economy.

11.  Adjournment:  Mr. Mantello moved to adjourn; seconded by Mr. Capovani. The meeting adjourned at 6:45 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
December 14, 2011 

Present:             Ray Gillen, Brad Lewis, Sharon Jordan, Bob Mantello, Janet Hutchison, Bob Wall and Karen Zalewski-Wildzunas

Absent:              Neil Golub, Bill Chapman, and John Mallozzi

Others:              Jayme Lahut, Jim Callander and audience of 4

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.            Approval of Minutes: Ms. Jordan moved adoption of the November 9, 2011 meeting minutes; seconded by Mr. Mantello and approved.   

2.            Treasurer’s Report: Mr. Wall reviewed the Treasurer’s Report ending November 30, 2011, which was distributed prior to the meeting, noted that sales tax receipts exceed budget by about $226,000 while operating expenses are under budget. Cash on hand totaled $1.9 million. Mr. Lewis moved acceptance of the Treasurer’s Report; seconded by Mrs. Hutchison and approved.

3.            AAA Northway Relocation Project: Resolution 733-11 — SEQRA / No Significant Impact on the Environment

The project involves relocating AAA Northway’s call center and regional headquarters from 112 Railroad Avenue and 10 State Street to downtown Schenectady, where AAA identified 10,965 square feet of rental space on the 3rd floor. The project includes Metroplex’s purchase of AAA’s property. The environmental review classified as an Unlisted Action under SEQRA.  Mr. Lewis moved Resolution 733-11; seconded by Mrs. Zalewski-Wildzunas.  Following discussion about potential reuses of AAA’s existing properties, Resolution 733-11 was approved.

4.            AAA Northway Relocation Project: Resolution 734-11 — Adopt the General Project Plan

With 146,000 members in 10 counties, AAA Northway employs 100+ people with 45 stationed at its offices on 112 Railroad Avenue. Metroplex’s participation involved investing $138,000 to purchase the land and building at 112-114 Railroad Avenue and 10 State Street and a $84,000 moving/relocation grant. Mrs. Zalewski-Wildzunas moved Resolution 734-11; seconded by Ms. Jordan. Resolution 734-11 was unanimously approved.

5.            Gateway Park Grant Project: Resolution 735-11 — Adopt the General Project Plan

The Capital District Transportation Committee (CDTC) awarded a planning grant to the City of Schenectady for the redesign of Liberty Park on lower State Street. The City’s Department of Development and CDTC will interview and retail design consultants and manage the study, which is estimated to cost $70,000. Resolution 735-11 authorized $20,000 in matching funds. Mr. Gillen made a presentation on transforming the park, which acts as a key gateway to downtown, adjacent to the Stockade District and close to several construction projects underway. Ms. Jordan moved Resolution 735-11; seconded by Mr. Capovani. Following discussion, Resolution 735-11 was approved.

6.      DHA Properties, LLC Project: Resolution 736-11 — Adopt the General Project Plan

Schenectady-based DHA Properties, LLC, a commercial real estate development company, purchased the two-story, 10,000 square foot former Planned Parenthood property at 414 Union Street. Plans call for renovating the first floor as commercial space housing DHA Holding, Inc. executive offices and its affiliated Innogen Business Incubator; the second floor will contain five apartments. Metroplex is providing a $30,000 façade grant. Mr. Lewis moved Resolution 736-11; seconded by Mrs. Hutchison and unanimously approved.

7.      Downtown Schenectady Improvement Corporation: Resolution 737-11 — Adopt the General Project Plan

Metroplex participation involved a $178,500 grant for downtown cleanup and beautification services and activities. DSIC provides services seven days a week plus hanging flower baskets, maintaining tree beds and caring for landscaped areas. Ms. Jordan moved Resolution 737-11; seconded by Mr. Mantello. Following discussion about the annual assistance to DSIC, Resolution 737-11 was approved with Mrs. Hutchison abstaining.

8.      Draper School Redevelopment / Disabled American Veteran’s Housing Project: Resolution 738-11 — Amend the General Project Plan

One year ago the Board approved a $50,000 grant and a partial exemption from real property taxes for up to 4 months contingent upon the Disabled American Veterans taking possession of the former Draper School in Rotterdam. Now that the dissolution of the Charter School in nearly completed, DAV seeks to extend the duration of the partial exemption from taxes through March 1, 2013 allowing sufficient time for Schenectady County to resolve outstanding tax issues. Mrs. Zalewski-Wildzunas moved Resolution 738-11; seconded by Mr. Lewis. Discussion followed about securing title with DAV and obtaining site control following the County tax foreclosure. Resolution 738-11 was unanimously approved.

9.      Downtown Parking Project: Resolution 738-11: Modify and Adopt the Parking Budget

The 2012 parking budget reflects modestly increasing revenues (about 1%) and a decline in expenses from current levels. Parking usage continued to climb in 2011 with a 29% increase in visitor parking and 6% rise in permit-holders. Visitor parking doubled in less than four years. The Fiscal Audit Committee recommended approval of the FY-2012 parking budget.  Mr. Mantello moved Resolution 738-11; seconded by Mr. Lewis. Discussion followed about the costs of operating parking facilities. Resolution 738-11 was  unanimously approved.

10.        Management Services Agreement: Resolution 739-11 — Reauthorize Management Services Agreements

Resolution 739-11 authorized entering into new management services agreements with the City IDA,  County IDA, Rotterdam IDA and the Schenectady County Capital Resource Corporation and modifying the compensation for services from a flat rate monthly fee (now $2,000 apiece) to paying 30 percent of fees collected at closing. This was discussed at prior budget meetings. Ms. Jordan moved Resolution 739-11; seconded by Mr. Wall and approved.

10.    Professional Services Contract: Resolution 743-11 — Accounting Services Contract

Resolution 743-11 authorized a $48,000 contract with Robert L. Kristel, CPA, P.C. for on-call accounting services, preparing quarterly review statements and year-end financials, bond reporting and assisting with the annual audit. Ms. Jordan moved Resolution 743-11; seconded by Mrs. Zalewski-Wildzunas and unanimously approved.

11.     Professional Services Contract: Resolution 741-11: Auditing Services

Resolution 744-11authorized entering into a one year contract with BST & Co. LLP for preparing the 2011 comprehensive audit as required by the Metroplex enabling statute. The price was fixed at $15,400, which is the same as 2010. Staff intends to procure auditing services next summer. Ms. Jordan moved Resolution 741-11; seconded by Mr. Mantello and   approved.

12.    Professional Services Contract: Resolution 742-11: Parking Lot Maintenance

Last year the Authority awarded a 3-year contract for maintaining and clearing Metroplex parking facilities from snow and debris awarded to Schenectady-based Pachucki Trucking Co. For the second year of the contract, remuneration remained unchanged as 2011: $144,000 per annum plus a heavy snow removal stipend of $100 per truck load and refuse removal on a time and materials basis. Mrs. Hutchison moved Resolution 742-11; seconded by Mr. Mantello and approved.                 

13.    Public Comment — Jim Salengo, Executive Director of the Downtown Schenectady Improvement Corporation (DSIC), thanked the Board for its financial support and listed the successes of the program. 

14.    Board Comment — Ray Gillen reported on the recent grants for sewer at the Airport Business Park in Glenville, a $479,000 Alco waterfront grant, and the $4 million Restore NY Award for Alco.

15.    Adjournment — Mrs. Zalewski-Wildzunas moved to adjourn; seconded by Ms. Jordan.  The meeting adjourned at 7:05 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

 

2010 Meeting Minutes


Schenectady Metroplex Development Authority
Board Meeting Minutes
February 10, 2010

Present: Ray Gillen, Bob Wall, Sharon Jordan, Neil Golub, Gary McCarthy, Patrick Saccocio, Bill Chapman, Bob Mantello, Janet Hutchison and Ed Capovani

Absent: Brad Lewis

Others: Neil Levine (Counsel), Jayme Lahut, Jim Callander and audience of 4

Call to Order: Mr. Gillen called the meeting to order at 6:00 p.m.

1. Approval of Minutes: Mr. Wall moved adoption of the December 9, 2009 meeting minutes; seconded by Mr. Saccocio. The minutes were unanimously approved.

2. Treasurer’s Report: Ms. Jordan reviewed the Income and Operating Expense Report for the period ending December 31, 2009 noting that the sales tax revenues were down about five percent. Cash on hand totaled $4,246,805. Following the review of the Predevelopment Budget and Capital Projects report, and brief discussion about sales tax forecasts for 2010, Ms. Jordan moved acceptance of the Treasurer’s Report, seconded by Mr. Capovani and approved.

3. Alco Redevelopment Project: Resolution 623-10 — Hold Public Hearing for Alco DGEIS

In advance of the meeting, Clough Harbour & Associates distributed the Draft Generic Environmental Impact Statement regarding the redevelopment of the Alco site. The document establishes certain development thresholds which are then analyzed for cumulative impacts relating to traffic; construction noise, air emissions and waste removal; visual impacts; infrastructure requirements; and economic impacts in terms of job creation and expanding tax base. The DGEIS confers prospective development partners with a workable revitalization plan for the site, expedites the City and State permitting processes, and accessing the $4 million Restore NY grant already awarded for site preparation. Terresa Bakner, the Authority’s environmental attorney, added that the DGEIS is consistent with the City’s Comprehensive Plan adopted in 2008. She reviewed the schedule for reviewing the DGEIS, accepting comments through March 11; holding a public hearing on March 1; and reviewing the final document by April 28. Mr. Golub moved Resolution 623-10; seconded by Mrs. Hutchison. Following discussion about site conditions and remediating soil contamination, Resolution 623-10 was unanimously approved.

4. Downtown Schenectady Improvement Corporation (Environmental Enhancement Grant): Resolution 625-10 — Adopt the General Project Plan

Metroplex participation involves a $230,000 grant for on-going staff, operational support and other beautification activities for keeping the downtown clean, neat and safe 7-days a week. DSIC has made real progress in its cleaning program with improved responsiveness. DSIC cleans up weekends and following special events as well as on-going activities, such as, hanging flower baskets, maintaining tree beds and caring for landscaped areas downtown. Ms. Jordan moved Resolution 625-10; seconded by Mr. McCarthy. Discussion followed in support of DSIC’s clean up program. Resolution 625-10 was approved with 9 ayes and Mrs. Hutchison abstained.

5. Upper Union Streetscape II Project: Resolution 626-10 — Accept Assignment of NYS Grant Award

The resolution authorizes an advance of up to $40,000 on behalf of the Upper Union Street BID to pay the City for street work completed last year from Dean Street to the City/Niskayuna line. In turn, the BID will reimburse Metroplex with proceeds of a grant award secured by Senator Farley. The work included construction of an ornamental column and brass plaque and installing about 10 trash receptacles. The grant provides that the work must be completed and contractors paid in order to obtain reimbursement and the BID does not have sufficient cash flow to advance the funds to the City. Ms. Jordan moved Resolution 626-10; seconded by Mr. Mantello. Discussion followed regarding federal TIP funding, and Resolution 626-10 was approved.

6. Accounting Services Contract: Resolution 627-10 — Robert L. Kristel, CPA P.C.

The Fiscal Audit Committee recommended retaining Bob Kristel’s firm for $42,000 for 2010. Mr. Golub moved Resolution 627-10; seconded by Mr. McCarthy. Resolution 627-10 was unanimously approved.

7. 2010 Tax-Exempt and Taxable Bonds: Resolution 628-10 — Retain Bond Underwriter

Metroplex solicited qualifications and fee quotes for assisting the Authority with taking bonds to market by May. RFQ respondents included RBC Capital Markets; Roosevelt & Cross; Jefferies & Company; and Stifel Nicholaus. Based on the lowest price for services, the Fiscal Audit Committee recommended retaining RBC Capital Markets. Stifel Nicholaus was unresponsive to the RFP and was eliminated. Ms. Jordan moved Resolution 628-10; seconded by Mr. Saccocio. Resolution 628-10 was unanimously approved.

8. Project Reconciliation and Accounting: Resolution 630-10 — Release Unexpended Project Obligations

The resolution listed six projects where all work has been completed but Metroplex funds remain unspent. The total amount recaptured is $22,139 which may be dedicated to new projects. Ms. Jordan moved Resolution 630-10; seconded by Mr. Golub, and unanimously approved.

9. Project Reconciliation and Accounting: Resolution 631-10 — Allocate Additional Funds for Unbudgeted Project Expenditures and Take Related Actions

The resolution identified 4 closed, Metroplex-sponsored projects that incurred change orders or increased professional services billings thereby requiring Board ratification of the budget variances. Mr. Mantello moved Resolution 631-10; seconded by Mr. Wall and approved.

Public Comment: Jim Salengo, Executive Director of the Downtown Schenectady Improvement Corporation (DSIC), expressed his thanks for the Board’s support and provided a brief update on the success of the program. Peter Guidarelli, city resident and downtown property owner, also expressed
support for the DSIC clean up program.

Adjournment: Mr. McCarthy moved to adjourn; seconded by Mr. Mantello and approved.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
March 10, 2010

Present:    Ray Gillen, Bob Wall, Brad Lewis, Neil Golub, Gary McCarthy, Patrick Saccocio, Bill Chapman, Janet Hutchison and Ed Capovani

Absent:    Sharon Jordan and Bob Mantello

Others:     Neil Levine (Counsel), Scott Cietek, Jim Callander and audience of 2

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Annual Meeting: Resolution 632-10 — Election of Officers

The By-Laws require appointing the Secretary and Treasurer at the annual meeting. Resolution 632-10 re-appoints Sharon Jordan as Treasurer and Bob Wall as Secretary. Mr. Golub moved Resolution 632-10; seconded by Mr. McCarthy. There was no discussion and Resolution 632-10 was unanimously approved.

2.      Approval of Minutes: Mr. McCarthy moved adoption of the February 10, 2010 meeting minutes; seconded by Mr. Golub. The minutes were unanimously approved.  

3.      Treasurer’s Report: Robert L. Kristel, CPA, the Authority’s accountant, made an oral presentation reviewing the financial statements for the year ending December 31, 2009, which were distributed to the Board in advance of the meeting. The financials are used by the Authority’s auditors, Bollam, Sheedy, & Torani, in compiling the annual audit that is nearing completion. Mr. Lewis moved accepting the Treasurer’s Report; seconded by Mr. McCarthy. After brief discussion and questions about the year-end statement, the motion was approved.

 4.      Upper Union Street Façade Program II: Resolution 633-10 — Amend the General Project Plan

The Upper Union Street BID requested a supplemental grant of $122,000 for four new façade projects because the current Metroplex grant of $395,000 is fully committed. Four (4) property owners are making meaningful investments in their buildings.      

  1. 1602 Union Street (Holiday Liquor) plans extensive interior and exterior renovations, including taking down the 50's style pole sign;
  2. 1601 Union Street (the former Riccardi’s Deli) adding awnings and new signage;
  3. 1613 Union Street (Salamack Building) new investment and revamped façade;
  4. 1729 Union Street (Passano Paint) storefront upgrade.

These projects constitute nearly $500,000 in new investment on Upper Union Street — interior and exterior — with about $160,000 for façade and other exterior improvements. This brings total investment in the Phase 2 program in excess of $1.3 million with Metroplex’s participation at $517,000. Mr. Lewis moved Resolution 633-10; seconded by Mr. McCarthy. Following discussion about marketing the success of this program, Resolution 633-10 was approved.

4.      Foster Building ProjectResolution 634-10 — Purchase 508, 510 512 State Street and 204 Lafayette Street

Mr. Gillen successfully negotiated with the owners, Dennis Todd and Craig Alsdorf, by offering $250,000, plus back taxes (about $20,000) and legal fees not to exceed $5,000. This would also resolve the EDPL proceeding against Providian Arms, LLC. Several housing developers have expressed interest in redeveloping this property. Mr. Lewis moved Resolution 634-10; seconded by Mr. McCarthy. Following discussion about the purchase and redevelopment scenarios, Resolution 634-10 was unanimously approved.

5.      Presentation:  Public Authorities Reform Act of 2009

Neil Levine, Esq. summarized the requirements and compliance measures contained in the Public Authorities Reform Act of 2009. His office has been working with staff to ensure compliance with the new legislation. A few Board members must attend the Governance Training required of all public authority board members.

Board Comment: Mr. Gillen mentioned Metroplex’s success in scoring a $750,000 National Grid grant for the Urban Corridor Initiative covering the area from Center City to the Union Graduate College.

Public Comment:  None

Adjournment:  Mr. McCarthy moved to adjourn the meeting at 6:55 pm; seconded by Mr. Golub and approved.

Respectfully submitted,

Scott Cietek
Staff

Schenectady Metroplex Development Authority
Board Meeting Minutes
April 14, 2010
 

Present:    Ray Gillen, Brad Lewis, Sharon Jordan, Neil Golub, Gary McCarthy, Bob Mantello, Patrick Saccocio, Bill Chapman, Janet Hutchison and Ed Capovani

Absent:    Bob Wall

Others:     Neil Levine (Counsel), Jayme Lahut, Jim Callander and audience of 2

Call to Order:  
Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Mr. McCarthy moved adoption of the March 10, 2010 meeting minutes; seconded by Mr. Lewis and approved. (Mr. Golub was absent) 

2.      Treasurer’s Report:  Ms. Jordan reviewed the Income and Operating Expense Report for the period ending March 31, 2010 which was distributed prior to the meeting. Cash on hand totaled $4,388,650. Following review of the Capital Projects and Pre-development Expense reports, Mrs. Hutchison moved acceptance of the Treasurer’s Report; seconded by Mr. McCarthy and approved. (Mr. Golub was absent)

3.      2009 Audit:  Resolution 635-10 — Adopt Audit for the Fiscal Year Ending December 31, 2009

On March 30, the Fiscal Audit Committee met with the Authority’s auditors, Bollam, Sheedy, Torani. The auditors called the audit clean with no findings. They characterized the Authority’s financial position as strong and stable with no changes to the financials as presented previously by Robert Kristel. The audit was completed on time. Upon acceptance of the audit, the document will be posted on the Authority’s website and submitted to the County Legislature, the State Comptroller’s Office, and Authority Budget Office. Ms. Jordan moved Resolution 634-10; seconded by Mr. McCarthy. Discussion followed about the Authority’s loan portfolio and its Loan Administration Policy. Resolution 635-10 was unanimously approved.  

4.      Downtown YMCA Project: Resolution 636-10 — Make Application to DASNY

The resolution authorized Metroplex to prepare and submit an application to the Dormitory Authority in support of the YMCA’s $7 million project at Center City. The $1,000,000 state grant derives from a budget appropriation from former Assemblyman Tonko.  Ms. Jordan moved Resolution 636-10; seconded by Mr. Lewis.  Following brief discussion, Resolution 636-10 was unanimously approved. 

5.   Union Graduate College Project:  Resolution 637-10 — Make Application to DASNY

The resolution authorizes Metroplex to submit an application to the Dormitory Authority in support of Union Graduate College’s new facility at the corner of Nott Terrace and Liberty Street which was opened in September 2009.  The $350,000 grant derives from a budget appropriation from former Assemblyman Tonko.  Mr. Lewis moved Resolution 637-10; seconded by Mr. Mantello and unanimously approved.

6.  Downtown Parking Project:  Resolution 638-10 — Extend Parking Management Contract

In June 2005, the Board approved a five-year contract with Laz Parking to manage and operate the downtown parking system, which expires May 30, 2010. The agreement includes a provision allowing for a one-year extension if both parties agree in writing at least 30 days prior to the expiration. Laz has requested that the contract be extended until May 30, 2011. Ms. Jordan moved Resolution 638-10; seconded by Ms. Hutchison. Discussion followed about Laz’s remuneration under the contract with Mr. McCarthy suggesting that future resolutions include Laz’s remuneration. Resolution 638-10 was unanimously approved.

7.  GEMx Battery Plant Update — Mr. Gillen made a brief presentation on the GEMx project bringing 350 new manufacturing jobs to Schenectady.

8.  Public Comment:  None

9.  Board Comment:  Mr. Gillen summarized SEFCU’s relocation of its insurance and commercial banking departments to Clinton Square. The project yields 60 new jobs to downtown. 

Adjournment:   Mr. McCarthy moved to adjourn; seconded by Mr. Golub.  The meeting was adjourned at 6:30 p.m.

Respectfully submitted,
Jayme B. Lahut

Schenectady Metroplex Development Authority
Board Meeting Minutes
April 28, 2010

Present:    Ray Gillen, Brad Lewis, Gary McCarthy, Bob Mantello, Patrick Saccocio, Bill Chapman, Janet Hutchison

Absent:    Neil Golub, Ed Capovani, Sharon Jordan and Bob Wall

Others:     Neil Levine (Counsel), Jayme Lahut, Jim Callander and audience of 2

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Mr. McCarthy moved adoption of the April 14, 2010 meeting minutes; seconded by Mrs. Hutchison and approved.  (Mr. Mantello was absent).

2.      Alco Redevelopment Project:  Resolution 639-10 — Accept Final Generic Environmental Impact Statement as Complete

Terresa Bakner, Authority Counsel, summarized the comments received at the public hearing on March 1 with respect to the DGEIS and other comments received by March 12, 2010. The FGEIS addresses the comments received and contains a responsiveness summary as well as an updated economic impact report.  Ms. Bakner explained that SEQRA requires a 10-day cooling off period between the acceptance of the FGEIS and the adoption of a Findings Statement, which is the final step in the environmental review process.  Mr. McCarthy moved Resolution 639-10; seconded by Mr. Saccocio. Discussion followed about soil contamination and the cost of remediation and about the poor and unsafe building conditions that impair preservation of structures. Resolution 639-10 was unanimously approved.

3.      Scotia McDonalds Project: Resolution 641-10 — SEQRA

The chairman negotiated a clean up plan for the vacant McDonalds restaurant at 25 Mohawk Avenue in Scotia, which involves demolition of the 3,800 sq. foot structure, remediation of subsurface contamination, and preparing the site for redevelopment. Metroplex will contribute up to $25,000 for the demolition and site clearing with McDonalds paying for costs incurred over and above $25,000 and site remediation.  Demolition is expected to be complete by June.  Resolution 641-10 classified the project as an Unlisted Action under SEQRA and determined there was no negative environmental impact.  There was no discussion. Mr. Lewis moved Resolution 641-10; seconded by Mr. Saccocio and unanimously approved. 

4.   Scotia McDonald’s Project:  Resolution 642-10 — Adopt the General Project Plan

Mr. Gillen explained that redevelopment and reuse of the McDonald’s site was critical to revitalization activities in Scotia. The project remains a top priority for the County and Village.  Mr. Saccocio moved Resolution 642-10; seconded by Mr. Lewis.  Mrs. Hutchison supported the project but voiced concerns over the company’s reluctance to clean up the site in a timely manner. Resolution 642-10 was unanimously approved.

5.   Schenectady Museum / Science Center Grant:  Resolution 643-10 — Adopt the General Project Plan

The resolution authorized reimbursing the Schenectady Museum for study examining the feasibility for adaptive reuse of the Armory as a regional science center. The Museum retained BBL Construction, Re4orm Architecture and M/E Engineering to master plan the Armory and develop preliminary design concepts. The location and building appear viable and the Museum is working with New York State to lease the property. The project would also jump-start revitalization of lower State Street.  Mr. Chapman moved Resolution 643-10; seconded by Mr. Saccocio.  Following discussion, Resolution 643-10 was approved with 6 ayes and Mr. Lewis abstained.

6.   Public Comment:  None

7.  Board Comment:  Ray Gillen provided an update on the Schenectady Light Opera project and noted the recent announcements regarding the growth opportunities at Railex and Waste Management.

8.  Adjournment:   Mr. Lewis moved to adjourn; seconded by Mr. Mantello and the meeting adjourned at 6: 55 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director


Schenectady Metroplex Development Authority
Board Meeting Minutes
May 26, 2010

Present:    Ray Gillen, Brad Lewis, Sharon Jordan, Bob Wall, Gary McCarthy, Patrick Saccocio, Bill Chapman, Neil Golub and Ed Capovani

Absent:    Janet Hutchison and Bob Mantello

Others:     Neil Levine (Authority Counsel) Terresa Bakner (Counsel), Jayme Lahut and audience of 3

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Ms. Jordan moved adoption of the April 28, 2010 meeting minutes; seconded by Mr. McCarthy and approved.  (Mr. Golub was absent.)  

2.      Treasurer’s Report:  Ms. Jordan reviewed the Income and Operating Expense Report for the period ending April 30, 2010 which was distributed prior to the meeting. Cash on hand totaled $4,493,703.  Following review of the Capital Projects and Pre-development Expense reports,                         Ms. Jordan moved acceptance of the Treasurer’s Report; seconded by Mr. Lewis and approved. (Mr. Golub was absent.)

3.      2010 Parking Improvement Projects:  Resolution 644-10 — Hold a Public Hearing

The project involves two activities — improvements to the Center City parking lot and reopening Maxon Road between Erie Blvd. and Peek Street. Total project cost is $775,000. The Center City lot requires extensive lighting, water runoff, and resurfacing improvements to accommodate major users like YMCA, Paul Mitchell students, and MVP employees. The Maxon Road project involves reopening the segment between Erie Blvd and Peek Street as right-out only and improves traffic circulation with the build out at College Park and Union College housing. Resolution 644-10 authorized holding a public hearing on the project, which Ms. Jordan moved, and Mr. Lewis seconded. Following discussion Resolution 644-10 was unanimously approved.  (Mr. Golub was absent.)

4.      Center City Property Conveyances:  Resolution 643-10 — Amend Center City Parking Lot Lease 

Metroplex leases the Center City parking lot from Parking Lot at Center City, LLC (a Robert Lupe holding company) with an option to purchase. The resolution authorized changes in the lease by authorizing property transfers that modestly altered the lot’s dimensions. It also approved an access easement over the Metroplex-owned Alley connecting the lot with pedestrian Jay Street. The property swaps allow for placement of a sidewalk along the back property lines of 401, 409, 411 and 433 State Street, which satisfy City code requirements for egress to a public street (Broadway). Mr. Lewis moved Resolution 643-10; seconded by Mr. Wall.  Following discussion, Resolution 643-10 was unanimously approved. (Mr. Golub was absent.)

5.   Alco Redevelopment Project / SEQRA:  Resolution 649-10 — Adopt SEQRA Findings Statement

Terresa Bakner reviewed the Findings Statement, the final step in the environmental review of the Alco Redevelopment Project, that addressed the potential environmental impacts contained in FGEIS adopted on April 28. Resolution 649-10 formally adopted the Findings Statement, which allows the project to proceed with government approvals, permits, and funding. Mr. Saccocio moved Resolution 649-10; seconded by Mr. Capovani. Discussion followed about project phasing and schedule. Resolution 649-10 was unanimously approved. (Mr. Golub was absent.)

6.      Building 14 / Rotterdam Corporate Park:  Resolution 645-10 — Convey Mortgage Recording Tax and Sales Tax Exemptions

In 2008, Metroplex purchased Building 14 in the Rotterdam Corporate Park and entered into a master lease with FG Rotterdam Holding, LLC, an affiliate of the Galesi Group, to operate and manage the property. FG Rotterdam Holdings is borrowing $3.85 million with a portion of the proceeds used for capital improvements including a new roof for Building 14. Since Metroplex holds title to the building, Resolution 645-10 allows FG Rotterdam Holdings to finance improvements on the building and secure a mortgage recording tax exemption and sales tax exemption from Metroplex. Mr. Saccocio moved Resolution 645-10; seconded by Mr. Wall. After discussion followed about Metroplex’s role and participation, Resolution 645-10 was approved with 8 ayes and Mr. Capovani voting no.

7.      Office Lease: Resolution 646-10 — Approve Lease for Space at 433 State Street

The resolution authorized entering into  a 5-year lease for 3,195 square feet of office space on the 4th floor of Center City and allocates $50,000 for relocation costs, preparing for IT requirements, furnishings, and leasehold related goods and services. Ms. Jordan moved Resolution 646-10; seconded by Mr. Lewis. Resolution 646-10 was unanimously approved.

8.      Lofts at Union Square Project:  Resolution 647-10 — Adopt the General Project Plan

The 2-phased residential development project constructs 20+ units of market rate rental housing at the corner of Union and Barrett Streets. Phase 1 demolishes existing structures, prepares the site for construction, and builds 8 row houses with enclosed garages at a cost of $1,584,000.  Phase 2 adds a 3-story, 14-unit apartment building with ground floor retail space budgeted at $1,587,500. Metroplex’s participation is a $150,000 grant and $200,000 loan for construction and permanent project financing. Ms. Jordan moved Resolution 647-10; seconded by Mr. Lewis.  Following discussion about the demand for downtown housing, Resolution 647-10 was unanimously approved.

9.      Broadway Commerce Park Phase 3 Project: Resolution 648-10 Amend the General Project Plan

The resolution consented to Metroplex subordination of its mortgage on 588 Broadway to the interests of Pioneer Savings Bank and City IDA Pilot mortgages. This facilitated Highbridge 890, LLC to finance its project by securing a $2,650,000 loan commitment for building a 22,000 square foot flex-space building. Metroplex made a $285,000 in 2009 for site clean up and preparation to develop this high-profile site at the base of Exit 5 of I-890. Mr. Golub moved Resolution 648-10; seconded by Mr. Lewis.  Following discussion, Resolution 648-10 was approved with 8 ayes and Mr. Saccocio abstaining.

10.  Alco Redevelopment Project: Resolution 650-10 — Amend the General Project Plan

The resolution authorized adding $75,000 to the project budget for preparation and adoption of the Generic Environmental Impact Statement for the Alco project. This raised the budget to $495,000 for research and data collection, studies and reports, legal expenses which were needed for completing the EIS. With the completion of SEQRA, local and state approvals can proceed for securing the $4 million Restore NY grant awarded to the City of Schenectady, site plan review by the City, DEC Brownfield Tax Credits and State Historic Preservation for building demolition. Due to the myriad of site issues that Metroplex addressed cooperatively with City and State agencies, the process took much longer than expected and expenses were more than anticipated. Mr. Golub moved Resolution 650-10; seconded by Mr. Lewis. After brief discussion, Resolution 650-10 was unanimously approved.

11.  Alco Restore NY Project: Resolution 651-10 — Adopt General Project Plan

The resolution involved making a $250,000 grant as a match for the $4,000,000 Restore NY grant awarded to the City of Schenectady last year. The Restore funds may be used for demolition, asbestos remediation, removal of soil contaminants, and site preparation necessary to construct office buildings. Mr. Lewis moved Resolution 651-10; seconded by Mr. Wall and unanimously approved.

12. Program Management Services:  Resolution 652-10 — Contract with T. Wilson & Associates

In 2009, Metroplex retained T Wilson & Associates for a three-year term following an RFP procurement for coordinating construction and renovation projects taking place in downtown and Schenectady County. The contract expired on April 30 and negotiated remuneration of $4,500 per from, which is reduced from $6,000 last year. Ms. Jordan moved Resolution 652-10; seconded by Mr. Lewis and unanimously approved.

13. Public Comment:   None

14. Board Comment: Mr. Capovani inquired about the Board meeting minutes being posted on the website.

15. Adjournment:  Ms. Jordan moved to adjourn; seconded by Mr. McCarthy.  The meeting was adjourned at 7:20 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director


Schenectady Metroplex Development Authority
Board Meeting Minutes
June 9, 2010

Present:    Ray Gillen, Brad Lewis, Bob Wall, Patrick Saccocio, Bill Chapman, Neil Golub, Bob Mantello and Janet Hutchison

Absent:    Sharon Jordan, Ed Capovani and Gary McCarthy

Others:     Neil Levine (Counsel), Jayme Lahut, Jim Callander, Scott Cietek and audience of 2

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Mr. Golub moved adoption of the May 26, 2010 meeting minutes; seconded by Mr. Lewis and approved.    

2.      Treasurer’s Report:  Jayme Lahut reviewed the Income and Operating Expense Report for the period ending May 31, 2010 which was distributed prior to the meeting. Cash on hand totaled $3,880,471. He noted that earlier in the day Metroplex’s bond underwriter, RBC Capital, pre-sold $6.5 million in bonds at 6% interest. The bond closing is scheduled for June 15. Mr. Gillen pointed out that Schenectady County’s tax revenues for the first quarter outpaced all other counties in the Capital Region except Saratoga County.  Mr. Lewis moved acceptance of the Treasurer’s Report; seconded by Mrs. Hutchison.  The Treasurer’s Report was accepted.

3.      2010 Parking Improvement Program:  Resolution 653-10 — Adopt the General Project Plan

A public hearing was held on June 2, 2010 about the project involving reconstruction of the Center City parking lot and reopening Maxon Road at Erie Blvd. No written or oral comments were received about the project.  The work will be competitively and publicly bid and comply with prevailing wage requirements with bid opening slated for July 7.  Mr. Wall moved Resolution 653-10; seconded by Mr. Lewis.  Following discussion regarding sidewalks and improved lighting for the Center City lot, Resolution 653-10 was unanimously approved.

4.   Argo Turboserve Corporation (ATC) Retention Project:  Resolution 654-10 — Adopt the General Project Plan

The $4,590,000 project is constructed by and leased from Highbridge 890, LLC facilitating relocation of ATC’s Spectrum Nuclear Division from 112 Erie Blvd to a 22,000 square foot facility at 588 Broadway.  ATC now employs 13 full-time employees, expects to add another 16 by 2014 by nearly tripling their space requirements to meet rapid nuclear industry growth.  Metroplex participation involved a $150,000 grant for tenant fit-up and testing equipment. Mr. Mantello moved Resolution 654-10; seconded by Mr. Lewis. Following discussion about the nuclear industry and ATC’s business plans, Resolution 654-10 was approved with 7 ayes and one abstention (Mr. Saccocio).

5.   Broadway Commerce Park Project: Resolution 655-10 — Amend the General Project Plan

In a related ATC matter, Resolution 655-10 reduced its $285,000 loan to Highbridge 890, LLC to $125,000 and extended the loan term from 10 years to 12 years.  The modification was requested by the developer to address higher costs for building design and environmental remediation of the site. Mr. Lewis moved Resolution 655-10; seconded by Mr. Golub. Discussion followed and Resolution 655-10 was approved with 6 ayes, 1 no and 1 abstention (Mr. Saccocio).

6.   797 Broadway Project:  Resolution 656-10 — Amend the General Project Plan

The resolution authorizes entering into a Metroplex property tax agreement with an affiliate of the Galesi Group, 797 Broadway Associates, LLC, with respect to the former Schenectady International complex on Broadway. The agreement fills a funding gap to stabilize the hillside in the rear of the property. The County has secured FEMA grant to complete the slope stabilization project with the necessary matching local funds. To date, approximately $10 million has been invested in the project with another $10 million to be invested to renovate the second building.  Mr. Golub moved Resolution 656-10; seconded by Mr. Lewis.  Following questions and answers about the transactions structure, Resolution 656-10 was unanimously approved.

7.      River Stone Manor Project:  Resolution 657-10 — Accept Loan Pre-payment

In 2002 Metroplex loaned $494,860 to River Stone Manor for relocating and reestablishing Sgarlata’s banquet and catering business to Route 5 in Glenville. The company requested prepaying $250,000 on the original Metroplex loan as part of a refinancing with First National Bank of Scotia. The company will have paid over $537,000 in principal and interest to Metroplex and prepayment now allows new Metroplex reinvestment in projects county-wide. Mr. Mantello moved Resolution 657-10; seconded by Mr. Lewis. Some members expressed concern about setting precedent on prepaying loans, although others thought the company effectively repaid its Metroplex obligation and succeeded in creating jobs, adding sales tax and boosting the property tax base. Resolution 657-10 was unanimously approved.

8.  Public Comment — None

9.  Board Comment — Mr. Golub suggested evaluating methods for cleaning up the hillside vegetation and overgrowth on Broadway near Cappiello’s.

10. Adjournment — Mr. Golub moved to adjourn; seconded by Mr. Lewis.  The meeting was adjourned at 7:00 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
July 14, 2010

Present:           Ray Gillen, Brad Lewis, Bob Wall, Patrick Saccocio, Bill Chapman, Gary McCarthy and Janet Hutchison

Absent:            Sharon Jordan, Ed Capovani, Bob Mantello and Neil Golub

Others:          Jayme Lahut, Jim Callander and audience of 3

Call to Order: Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Mr. Lewis moved adoption of the June 9, 2010 meeting minutes; seconded by Mrs. Hutchison and approved.    

2.      Treasurer’s Report:  Jayme Lahut reviewed the Income and Operating Expense Report for the period ending June 30, 2010 which was distributed prior to the meeting. He noted that income is about $200,000 below budget but a rebound is expected by the end of the year. Expenses for the year are running below budget and cash on hand totaled $3,323,969. Mr. Lewis moved acceptance of the Treasurer’s Report; seconded by Mr. Chapman. Discussion followed regarding a Comptroller’s report on incentive-based bonuses provided to staff by public authorities. The Treasurer’s Report was accepted.

3.      GEMx Technologies, LLC / GE Battery Plant Project: Resolution 658-10 — Hold a Public Hearing

After looking at many sites in the Capital District, GE selected Building 66, a 190,000 sq. ft. building on the Main Campus as home for its battery manufacturing operation. Building 66 will be renovated inside and out. The total project cost is $105 million bringing 350 new jobs initially with the potential for significantly more jobs.  Metroplex participation involves a $5,000,000 grant for production equipment. NYS DEC recently completed the SEQRA process. Resolution 658-10 called for a public hearing to be held in the next few weeks. Construction should start in August and start-up production in July 2011.  Mr. McCarthy moved Resolution 658-10; seconded by Mr. Wall. Following discussion, Resolution 658-10 was unanimously approved.

4.   2010 Parking Improvement Program: Resolution 659-10 — Award Paving Contract

Metroplex staff and CHA reviewed seven bids submitted for the reconstruction/improvement to the Center City parking lot and the reopening of Maxon Road at Erie Blvd. Empire Paving was the lowest bidder at $528,000. Mr. Wall moved Resolution 659-10 to award the contract to Empire Paving; seconded by Mr. McCarthy. After brief discussion, Resolution 659-10 was approved with 6 ayes and 1 abstention (Mr. Saccocio).

5.  2010 Parking Improvement Program: Resolution 660-10 — Award Lighting Contract

Metroplex staff reviewed two responses for the competitive purchase of 14 light poles and accompanying fixtures for the Center City parking lot. Thorpe Electric Supply Co. of Rensselaer was the lowest bidder at $75,631.50. Mr. Lewis moved Resolution 660-10 awarding the light purchase to Thorpe Electric Supply Co.; seconded by Mr. Saccocio. Resolution 660-10 was unanimously approved.

6.  Alco Redevelopment Project: Resolution 661-10 — Amend the General Project Plan

Resolution 661-10 provides for a partial exemption from real property taxes until a longer term PILOT agreement can be reached with the City IDA. The two-step approach for dealing with property taxes has included City officials, who are on-board with using Metroplex as a transitional bridge to an IDA Pilot. The Metroplex agreement would be in effect for about 9 months while building demolition and site remediation proceed.  Mr. McCarthy moved Resolution 661-10; seconded by Mrs. Hutchison. After discussion regarding tax arrearages and Metroplex’s role in the project, Resolution 661-10 was unanimously approved.

7.  Public Comment — None

8.  Board Comment — Mr. Lewis moved to convene in executive session to discuss a pending legal matter; seconded by Mr. Saccocio. At 6:25 p.m. the board met privately and reconvened in public at 6:35. Mr. Gillen stated that no decisions or votes occurred.

9.  Adjournment — Mr. McCarthy moved to adjourn; seconded by Mr. Lewis.  The meeting was adjourned at 6:40 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
August 11, 2010

Present:    Ray Gillen, Brad Lewis, Bob Wall, Sharon Jordan, Patrick Saccocio, Bill Chapman, Bob Mantello and Neil Golub

Absent:    Ed Capovani, Janet Hutchison and Gary McCarthy

Others:     Neil Levine (Counsel), Jayme Lahut, Jim Callander, Scott Cietek and audience of 2

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Ms. Jordan moved adoption of the July 14, 2010 meeting minutes; seconded by Mr. Wall and approved.   

2.      Treasurer’s Report:  Ms. Jordan reviewed the Income and Operating Expense Report for the period ending July 31, 2010 which was distributed prior to the meeting. She noted that the sales tax income is modestly below budget. Operating expenses are under budget. Cash on hand totaled $4.38 million. Mr. Lewis moved acceptance of the Treasurer’s Report; seconded by Mr. Saccocio. The Treasurer’s Report was accepted.

3.      GEMx Technologies, LLC / GE Battery Plant Project: Resolution 662-10 — Adopt the General Project Plan

The $150+ million project involves interior and exterior renovations of Building 66 at GE’s Main Campus to manufacture sodium-metal halide batteries for telecommunications providers (cell towers) and railroad locomotives. This project represents the first new manufacturing product line brought to Schenectady in more than a generation and will create 350 new jobs. The public hearing was held on August 6 with no comments. Metroplex participation involves a $5million grant for building improvements and equipment matched by a $15 million ESDC grant. The project is underway.  Mr. Lewis moved Resolution 662-10; seconded by Mr. Golub.  Following discussion about product development and the technology, Resolution 662-10 was unanimously approved.

4.   Capitol Plaza Renovation Project: Resolution 663-10 SEQRA / Negative Declaration

The $4.5 million project involves demolition of the Capitol Plaza at Curry Road and Altamont Avenue, and construction of a 9,000 square foot commercial and retail facility for a Recovery Room Sports Grill and a bank facility. The project cleans up an eyesore at one of the busiest intersections in the County. Resolution 663-10 characterizes the project as an Unlisted Action, acknowledges the environmental review undertaken by the Rotterdam Planning Commission, and states there is not any significant environmental impact. Mr. Saccocio moved Resolution 663-10; seconded by Mr. Lewis.  Following discussion, Resolution 663-10 was unanimously approved.

5.   Capitol Plaza Renovation Project: Resolution 664-10 — Adopt the General Project Plan

Columbia Development is acquiring the 1.35-acre site for constructing a Recovery Room Sports Grill and a bank branch with parking for 95 cars. The site will be graded and elevations altered to accommodate vehicular ingress/egress, pedestrian amenities, green space, and an attached patio.  Project demolition and construction will start in August with completion expected by year end.  Metroplex participation involves an $85,000 grant for building demolition and site preparation matched by a $60,000 grant from the Rotterdam IDA, $4 million Berkshire Bank loan and developer equity. Mr. Saccocio moved Resolution 664-10; seconded by Mr. Lewis. Resolution 664-10 was unanimously approved.

6.      Broadway Commerce Park Phase 3 Project: Rescind Resolution 655-10 

In June, the Board approved forgiving a portion of the original $285,000 loan and converting to a $160,000 facade grant in support of the Argo Turboserve Corporation project on Broadway near I-890. The resolution rescinds the prior Board action allowing for the transaction to be modified for accounting and legal purposes without altering the result originally authorized. The developer, Highbridge Broadway 890, LLC, proposed providing a $160,000 partial payment on the Metroplex loan; Metroplex, in turn, makes a $160,000 façade grant addressing the costs associated with the added façade elements and soil remediation that are not recoverable from the Argo lease. The loan terms are further modified by reducing the interest rate and extending the term.  Mr. Golub moved Resolution 665-10; seconded by Ms. Jordan. After brief discussion, Resolution 655-10 was approved with 6 ayes, 1 no (Mr. Chapman) and 1 abstention (Mr. Saccocio).

7.      Broadway Commerce Park Phase 3 Project: Resolution 666-10 — Amend the General Project Plan and Modify Loan Terms

The resolution authorizes making a $125,000 loan to Highbridge Broadway 890, LLC in support of the Argo Turboserve Corporation project. The terms allow for payment of $50,000 in principal after year 5, year 10 and $25,000 after year 12 with no interest. Ms. Jordan moved Resolution 666-10; seconded by Mr. Wall.  Resolution 666-10 was approved with 6 ayes, 1 no (Mr. Chapman) and 1 abstention (Mr. Saccocio).

8.      Broadway Commerce Park Phase 3 Project: Resolution 667-10 — Amend the General Project Plan and Make a Grant

Resolution 667-10 authorizes making a $160,000 facade grant in support of the Argo Turboserve Corporation project as authorized by the Board in June. Ms. Jordan moved Resolution 667-10; seconded by Mr. Lewis. Resolution 667-10 was approved with 6 ayes, 1 no (Mr. Chapman) and 1 abstention (Mr. Saccocio).

9.      Lofts at Union Square Project: Resolution 668-10 — Amend the General Project Plan

The amendment concerns updating the application and designating Town Homes of Union Square, LLC as the project developer, which will now be owned and managed by Jeffrey Myers, owner and operator of Sheltertherm Builders, LLC.  The change in applicant reflects the fact that Jeff Myers is presently the sole member of the LLC holding ownership to the site located at 525 Union Street and 1007 Barrett Street in downtown Schenectady. Mr. Lewis moved Resolution 668-10; seconded by Mr. Saccocio.  After discussion, Resolution 668-10 was approved.

10.  Public Comment —  None

11.  Board Comment — It was agreed to convene the October 13 Board Meeting at 5:00 p.m. due to the DSIC Annual Meeting scheduled for that evening. 

12.  Adjournment — Mr. Golub moved to adjourn; seconded by  Mr. Lewis.  The meeting was adjourned at 6:30 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Board Meeting Minutes
October 20, 2010

Present:             Ray Gillen, Brad Lewis, Bob Wall, Patrick Saccocio, Bill Chapman, Bob Mantello, Ed Capovani, Janet Hutchison and Gary McCarthy

Absent:            Sharon Jordan and Gary McCarthy

Others:            Terresa Bakner (Authority Counsel), Jayme Lahut, Jim Callander and audience of 3

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Mr. Golub moved adoption of the August 11, 2010 meeting minutes; seconded by Mr. Wall and approved.    

2.      Treasurer’s Report:  Jayme Lahut reviewed the Income and Operating Expense Report for the period ending September 30, 2010, which was distributed prior to the meeting. He noted that the sales tax revenue remains slightly below budget but higher than last year. The recently deposited sales tax receipts for the third quarter also exceeded the same period from one year ago, so sales tax income appears to be on the rise again. Operating Expenses were below budget. Cash on hand totaled $3,242,119. Mr. Chapman moved acceptance of the Treasurer’s Report; seconded by Mr. Lewis. After brief discussion, the Treasurer’s Report was accepted.

3.      K-Mart Plaza Engineering Relocation Project (Glenville):  Resolution 669-10 — SEQRA Lead Agency Designation

The resolution kicks off the state-mandated environmental review process by seeking lead agency designation with respect to the demolition of the former K-Mart and Albany Public Market on Saratoga Road in Glenville, construction of a 134,000 square foot building by a national retailer with an attached 29,550 square foot building, two or more pad sites for future development. The project requires a coordinated SEQRA review that may include traffic issues, economic impacts and cumulative and growth inducing impacts. Mr. Capovani moved Resolution 669-10; seconded by Mr. Mantello. Mr. Gillen emphasized the project removes blight, adds tax base and is a high priority economic development project for the Town. Following discussion, Resolution 669-10 was unanimously approved.

4.   M/E Engineering Relocation Project:  Resolution 670-10 — Adopt the General Project Plan

M/E Engineering, P.C. is relocating to downtown Schenectady by leasing 11,800 square feet on the fourth floor of Center City bringing 30 high paying jobs with an additional 20 more by 2015. Metroplex participation involves a $100,000 grant for relocation expenses including moving costs, rent/or parking expenses and tenant improvements to be paid out over three years. The project is considered a Type II Action under SEQRA. Mr. Golub moved Resolution 670-10; seconded by Mr. Lewis. Discussion followed about the transformation of Center City. Resolution 670-10 was unanimously approved.

5.   Northeast Parent and Child Project:  Resolution 671-10 — Adopt the General Project Plan

Northeast Parent and Child Society, located at 530 Franklin Street, is renovating the entire first floor of its agency headquarters to house its new Career Development Center, which will assist at-risk youth with gaining needed skills, finding and maintaining well-paying jobs. Schenectady County secured a $750,000 grant from the Governor’s Office of Small Cities to help finance the project. Metroplex participation involves a mortgage recording tax exemption resulting in a project savings of about $9,375. Mr. Wall moved Resolution 671-10; seconded by Mr. Saccocio.  Following brief discussion, Resolution 671-10 was unanimously approved.         

6.   Argo Turboserve Corporation Retention Project:  Resolution 672-10 — Amend the General Project Plan

Argo Turboserve Corporation seeks to amend its application by reducing its equipment purchases to $500,000 and substantially increasing its inventory to adjust to the high growth mode within its nuclear division. Market conditions are driving ATC to deploy its capital toward purchasing more inventory, which has doubled in the past year, leaving less capital for equipment purchases. Seven new jobs have been created since its move to 588 Broadway in August with another 5 positions to be filled. The company expects to purchase its equipment over three years. Mr. Golub moved Resolution 672-10; seconded by Mr. Lewis, and approved (Mr. Saccocio abstained).

7.  Jay Street Lighting Project (Phase 2): Resolution 673-10 — Adopt the General Project Plan

Metroplex completed Phase I of the lighting project in 2009, which included installation of LED light bulbs in 20 streetlights, uplighting to highlight the architectural distinctiveness of Jay Street buildings and brightening the alleyways with lighted trellises. Phase 2 involves erecting two LED lighted business directory signs on pedestrian Jay Street supporting the retailers and service businesses on Jay Street. The budget is $90,000 for sign fabrication, light fixtures, electrical installation, repairing pavers and project oversight.  Mr. Lewis moved Resolution 673-10; seconded by Mr. Golub. Resolution 673-10 was unanimously approved.          

8.  Operating Policies and Procedures:  Resolution 674-10 — Amend Cash Management and Investment Policy (Designation of Depositaries)

Resolution 674-10 re-adopts the Authority’s practices and policies in connection with general cash management and investment. A modest change in the Investment Policy adds NBT Bank as an authorized depository of Metroplex funds and eliminates Solomon Smith Barney (now known as Morgan Stanley Smith Barney) and M&T Bank.  NBT recently opened a branch in downtown Schenectady. Mr. Mantello moved Resolution 674-10; seconded by Mr. Capovani and approved.

9.  Public Comment:  None

10. Board Comment:  The next meeting is scheduled for November 17th.

11. Adjournment: Mr. Golub moved to adjourn; seconded by Mr. Wall.  The meeting was adjourned at 6:30 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
November 17, 2010

Present:     Ray Gillen, Brad Lewis, Sharon Jordan, Patrick Saccocio, Bill Chapman, Ed Capovani, Janet Hutchison, Neil Golub and Gary McCarthy

Absent:      Bob Mantello and Bob Wall

Others:      Neil Levine (Authority Counsel), Jayme Lahut, Jim Callander, Scott Cietek and audience of 4

Call to Order:  Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Mr. Golub moved adoption of the October 20, 2010 meeting minutes; seconded by Mr. Lewis and approved.  (Mr. McCarthy was absent)   

2.      Treasurer’s Report:  Ms. Jordan reviewed the Income and Operating Expense Report for the period ending October 31, 2010, which was distributed prior to the meeting. She noted that the sales tax revenue remains slightly below budget but higher than one year ago. Operating expenses remained below budget. Cash on hand totaled $2,644,598. Mr. Lewis moved acceptance of the Treasurer’s Report; seconded by Mrs. Hutchison.  After brief discussion, the Treasurer’s Report was accepted.  (Mr. McCarthy was absent)

3.      FY-2011 Budget:  Resolution 675-10 — Adopt Fiscal Year 2011 Budget

The Fiscal Audit Committee recommended adoption of the 2011 budget, which shows growth again in sales tax receipts as well as slightly higher operating expenses due to increased pension costs, employee health insurance and rent.  Ms. Jordan moved Resolution 675-10; seconded by Mr. Lewis.  Following discussion, Resolution 675-10 was approved.  (Mr. McCarthy was absent)

4.   Foster Building Stabilization Project:  Resolution 676-10 — Award Asbestos Abatement Contract

Metroplex disseminated a bid package for asbestos removal in the former Foster Hotel at 508 State Street (basement, fifth and sixth floors and roof).  Three firms bid the job with Rotterdam-based Environmental Remediation Services, Inc. submitting the lowest bid at $199,500. Mr. Lewis moved Resolution 676-10; seconded by Mr. Capovani.  Discussion followed regarding further costs associated with stabilization of the historic building, prospects for working with developers, and the current tight lending climate for residential and mixed use projects.  Resolution 676-10 was unanimously approved.  (Mr. McCarthy was absent)

5.   YMCA Project:  Resolution 677-10 — SEQRA Lead Agency Designation

In order to proceed with Metroplex’s proposed acquisition of the YMCA facility at 13 State Street, the Authority seeks lead agency designation for undertaking a coordinated environmental review pursuant to SEQRA.  A condition of Metroplex’s purchase contract required reducing occupancy by 2013 so that the facility is vacant upon purchase. Among other issues, SEQRA will identify housing alternatives for residents as well as characterizing adaptive reuse for the facility.  The project acts as a catalyst to the revitalization of lower State Street.  Mr. Saccocio moved Resolution 677-10; seconded by Ms. Jordan.  Discussion followed about the project and increased membership at the new YMCA.  Resolution 677-10 was unanimously approved.          

6.   Bombers on State Street Project:  Resolution 680-10 — Amend the General Project Plan

Bomber’s recently renovated the third floor of the building at 447 State St. and opened a banquet space known as La Playa. The company has secured $75,000 in additional bank financing from the Statewide Zone Capital Corporation that is conditioned on Metroplex consent to further subordinate its pre-existing mortgages on the real estate.  Mr. Lewis moved Resolution 680-10; seconded by Ms. Jordan.  Following discussion about Bombers success and the rejuvenation of the property, Resolution 680-10 was unanimously approved.

7.  Professional Services Contract:  Resolution 681-10 — Parking Lot Maintenance Contract

Metroplex undertook a formal solicitation for qualifications with respect to maintaining and clearing Metroplex parking facilities from snow and debris.  Only one proposal was received from Rich Pachucki Trucking. Resolution 681-10 awards a 3-year contract under the same rate structure as 2010 — $144,000 plus heavy snow removal stipend of $100 per truck load and refuse removal on a time and materials basis. Remuneration for 2012 and 2013 will require Board consent.  Ms. Jordan moved Resolution 681-10; seconded by Mrs. Hutchison and approved.

10. Public Comment  None

11. Board Comment — Ray Gillen updated the Board on the Alco demolition and $2.5 million NYS grant to Hometown Health that will be used to reduce its debt, including Metroplex’s note.  Mr. Golub moved to convene in executive session to discuss a personnel matter; seconded by Ms. Jordan. At 6:25 p.m. the board met privately and reconvened in public at 6:45. Mr. Gillen stated that no decisions or votes occurred.

12. Adjournment  Mr. Lewis moved to adjourn; seconded by Ms. Jordan.  The meeting adjourned at 6:50.

Respectfully submitted

Jayme B. Lahut
Executive Director

Schenectady Metroplex Development Authority
Board Meeting Minutes
December 22, 2010

Present:             Ray Gillen, Bob Wall, Bob Mantello, Patrick Saccocio, Bill Chapman, Ed Capovani and Gary McCarthy

Absent:              Brad Lewis, Neil Golub, Janet Hutchison and Sharon Jordan

Others:              Neil Levine (Authority Counsel), Jayme Lahut, and Jim Callander

Call to Order:    Mr. Gillen called the meeting to order at 6:00 p.m.

1.      Approval of Minutes:  Mr. Wall moved adoption of the November 17, 2010 meeting minutes; seconded by Mr. McCarthy and approved.     

2.      Treasurer’s Report:  Jayme Lahut reviewed the Income and Operating Expense Report for the period ending November 30, 2010, which was distributed prior to the meeting. He noted that operating expenses remained below budget, and cash on hand totaled $2,244,151. Mr. Mantello moved acceptance of the Treasurer’s Report; seconded by Mr. Chapman, and accepted.

3.      YMCA Project: Resolution 682-10 — Determination of No Significant Effect on the   Environment

The project involves the acquisition by the Authority of the YMCA Site at 13 State Street. Metroplex and the YMCA have agreed to a sale price of $2,000,000. The sale enables the YMCA to finance the leasehold improvements required for establishing its 26,000 square foot full service health and exercise facility at Center City. All proceeds from the sale will be invested at the new location at Center City. Metroplex will look to jumpstart revitalization of lower State Street by considering adaptive reuse concepts of the building. The purchase agreement requires reducing occupancy of the residence to zero by the end of 2012.

With respect to SEQRA, the project was classified as Type I action and Metroplex undertook a coordinated review as lead agency. The negative declaration addressed potential adaptive reuses of 13 State Street including commercial offices, retail, classrooms, and/or residential uses. It also identified alternative housing locations. Mr. Capovani moved Resolution 683-10; seconded by Mr. Saccocio. Following discussion about the project and the environmental assessment, Resolution 683-10 was approved.

4.      YMCA Project: Resolution 683-10 — Adopt the General Project Plan  

After Metroplex’s participation in the project was described further, Mr. Mantello moved Resolution 683-10; seconded by Mr. Saccocio and unanimously approved.

5.   Draper School Redevelopment / Disabled American Veteran’s Housing Project:  Resolution 684-10 — Adopt the General Project Plan

The Disabled American Veterans Department of New York plans to purchase the former Draper School at 901 Draper Avenue in Rotterdam and convert the 135,000 square foot school into a 150-unit assisted and independent living facility for disabled veterans. The estimated total project cost is $25 million for acquisition, total interior rehabilitation and necessary fit up.  Metroplex’s participation consists of a $50,000 grant and a partial exemption from real property taxes.  Mr. Saccocio moved Resolution 684-10; seconded by Mr. Wall.  Following brief discussion, Resolution 684-10 was unanimously approved.      

6.   Downtown Parking Project: Resolution 686-10 — Modify Parking Budget

The 2011 parking budget reflects modestly increasing revenues (about 1%) and a decline in expenses from current levels. The Fiscal Audit Committee recommended approval of the 2011 budget.  Mr. McCarthy moved Resolution 686-10; seconded by Mr. Mantello and unanimously approved.

7.   Stratton Air National Guard Support Grant: Resolution 687-10 — Adopt the General Project Plan

Mr. Gillen stated that the community needed to protect the vital 109th Airlift Wing located at the Stratton Air National Guard Base in Glenville in the event the new Congress looks to reduce federal spending.  The $35,000 grant enables the Chamber to lead efforts protecting 1,400 military and civilian jobs and maintain the tremendous economic impact locally. The 109th Airlift Wing specializes in providing logistical support to the remote Polar Regions in Antarctica and Greenland and supports major scientific research conducted by the National Science Foundation. Mr. Capovani moved Resolution 687-10; seconded by Mr. Chapman. After discussion, Resolution 687-10 was unanimously approved.

8.   Foster Building Stabilization Project:  Resolution 688-10 — Award Emergency Repairs Contract

The resolution addresses deterioration of the former Foster Hotel by contracting with Bonacio Construction, Inc. to stabilize each floor of 508 State Street. With asbestos abatement underway, shoring and stabilization is needed to preserve the structure. Mr. Mantello moved Resolution 688-10; seconded by Mr. McCarthy.  Resolution 688-10 was unanimously approved.

9.   510 Union Street, LLC Project (Experience & Creative Design):  Resolution 689-10 — Amend Loan Terms

The borrower requested a reduction in monthly payments with no change to the maturity date of May 2018 resulting in a balloon payment of about $95,000. The original loan totaled $350,000 and payments are current. The amended terms facilitate cash flow. The Fiscal Audit Committee recommended modification to the terms. Mr. Capovani moved Resolution 689-10; seconded by Mr. Chapman. Following discussion, Resolution 689-10 was unanimously approved.

10.  3N2, LLC Project: Resolution 690-10 — Amend Loan Terms

3N2 ceased operations in 2006, but two principals have been making payments on the $125,000 Metroplex loan under terms of personal guaranty agreements. With the consent of the Fiscal Audit Committee, a revised schedule of monthly payments has been agreed upon and extending the term through February 2030. Mr. Saccocio moved Resolution 690-10; seconded by Mr. McCarthy and unanimously approved.

11.  Public Comment:  None

12.  Board Comment — Mr. Gillen provided projects updates.

13.  Adjournment – Mr.  McCarthy moved to adjourn; seconded by Mr. Wall.  The meeting was adjourned at 6: 55 p.m.

Respectfully submitted,

Jayme B. Lahut
Executive Director

 

Schenectady Metroplex Development Authority
Center City Plaza
433 State Street, Suite 401
Schenectady, NY 12305
phone (518) 377-1109
fax (518) 382-2575