HomeMy WebLinkAboutMN-B&A-2000-01-26 BUDGET AND ADMINISTRATION COMMITTEE
JANUARY 26, 2000
7 :30 P.M.
COMMON COUNCIL CHAMBERS
AGENDA
Statements from the Public
Amendments to Tonight' s Agenda
A. Common Council
B. Chamberlain
1 . Request to Adjust City First Installment Tax Bill -
Resolution
C. Police Department
1 . Request Funds for Phase II Parking Meter Replacement
Project - Possible Resolution
D. Youth Bureau
1 . Request to Amend 2000 Budget - Resolution
2 . Request to Amend 2000 Budget - Resolution
E. Planning Department
1 . Tax Abatement Request - Discussion/Resolution
2 . Request Funds for Collegetown Urban Design Study-
Discussion/Possible Resolution
F. DPW
1 . Request to Reauthorize Code Compliance Capital Projects
Funds - Resolution
G. Finance/Controller
1 . 1999 Financial Status - Report
H. Reports
1 . Approval of April 28, 1999 minutes
2 . Position Review - Report
3 . Mayor' s Report
4 . Council Members' Announcements
5. Next Month' s Meeting: February 23, 2000
_,o�ITr /;i►� CITY OF ITHACA
108 East Green Street Ithaca, New York 14850-5690
1
OFFICE OF THE CHAMBERLAIN
APoAA7E0 Telephone: 607/274-6580 Fax: 607/272-7348
To: Budget and Administration Committee
From: Debra Parsons, City Chamberlain
Re: Correction to 2000 City Tax Roll
Date: January 26, 2000
We have been notified that a miscellaneous bill issued by the water department for work performed at 118
W.Falls Street was added to the City First Installment tax bill for 108 W.Falls Street. It should have been
added to 128 W.Falls Street. I am requesting authorization to remove the bill from the first instalhnent of
108,and add it to the second installment of 128.
"An Equal Opportunity Employer with a commitment to workforce diversification." ���
a�iT CITY OF ITHACA
V~s �'•� 108 East Green Street Ithaca, New York 14850-5690
� ® 1
OFFICE OF THE CHAMBERLAIN
��RATEO Telephone: 607/274-6580 Fax: 607/272-7348
To: Budget and Administration Committee
From: Debra Parsons, City Chamberlain
Re: Applications to Correct Assessments
Date: January 26, 2000
Periodically,the City receives notification from Tompkins County Assessment that errors have been made
on the assessment roll,causing errors in the tax rolls.I recently received a request to correct tax rolls
because property acquired by the County had not been transferred to the exempt portion of the roll.
The City is required to approve the application unless it is determined that the county assessment director
was wrong in asserting that an error occurred on the assessment roll. Common Council has provided that
approval by resolution in the past. However,Real Property Tax Law indicates that Council may delegate
that authority if the amount of the correction does not exceed$2,500. Changes made must then be reported
to Council on a monthly basis. Since the decision to change the roll is not discretionary,I am requesting
that Council delegate that authority to me.
"An Equal Opportunity Employer with a commitment to workforce diversification." zo
�.t° 149 CITY OF ITHACA
108 East Green Street Ithaca, New York 14850-5690
1
OFFICE OF THE CHAMBERLAIN
Telephone: 607/274-6580 Fax: 607/272-7348
To: Budget and Administration Committee of Common Council
From: Debra Parsons, City Chamberlain
Re: Request to Adjust City First Installment Tax Bill
Date: January 18, 2000
Please fmd attached a request from Dave and Pat Mikula to remove a water bill that has been added to the
2000 City First Installment taxes for 635 W. State Street.
In November 1998,I transferred the outstanding water bill for the property to a payment arrangement. The
tenants and owners of Farmers and Shippers had abandoned the property,leaving a large water bill for the
owners of the property. No payments were made on the bill during 1999. On or about October 15, 1999,I
notified the owners that the bill would be added to the first installment taxes unless it was paid by
November 1. Subsequently,the bill was added to the taxes.
Bills transferred to payment arrangements are collected like other miscellaneous billings,and as such,
accrue penalty at I%per month,much like the tax bill. Penalty accrued on this bill from November 1998
through January 2000,and would continue to do so if Common Council agrees to remove it from the tax
bill as the owners request. However,I am reluctant to recommend removing it from the tax bill,since no
payments were made on the bill during the period of November 1998 to November 1999.
"An Equal Opportunity Employer with a commitment to workforce diversification." za
D.J.J.P.Inc.
805 Taber Street
Ithaca,NY 14850
Pat Vaughan
Chairman of the Budget and Administration Committee
Ithaca,NY 14850
Dear: Pat Vaughan
On or about September 1998 our tenant, Blackstone Ave. Inc. DBA FARMERS &
SHIPPERS Restaurant breached their lease and abandoned our property, leaving us
with thousands of dollars of unpaid debits that we were not aware of.
We have been trying to repay these debits in a timely fashion.
One bill that we have not yet been able to repay, is the City Water & Sewer bill in
the amount of $4230.40 that they left us. It has recently been added to our city
tax bill.
We are currently unable to pay this bill in full and would like you to consider taking
this amount from our tax bill and putting it in a Misc. Receivable Account,so that
we may make payments to satisfy this bill.
Our corporation has been keeping our current account paid on time since the
Hargett's (Blackstone Ave. Inc.)abandoned our property.
Any help you could be to us in solving this problem would be greatly appreciated.
Sincerely,
Pat Mikula
Dave Mikul
Fiscal Year: 01/01/2000 THOU 12/31/2000 Warrant Date 01/01/2000 Sequence: 3407 Bill No. 4332
Owner SWIS Tax Map Number Bank Code i Class Code
!DJJP INC 500700 i 72.-5-1
421
Property Location
635 STATE ST W .1 hike checks pgl-ableto: In Personl'almenl:
School Code: 500700 City of Ithaca Weekdays 8:30- 4:30
108 E. Green Street Closed Weekends
Estimated Aid: Ithaca NY 14850 and Holidays
City: $1,513,982 (607) 2.74-6580
PROPERTY TAXPAYER'S BILL OF RIGHTS Uniform Percentage of Valun: 100 96 CITY 2000 FIRST
Full Market Value as of January 1, 1999: $216,000.00 INSTALLMENT TAXES
Assessed Value as of July 1, 1999: $216,000.00
Exemptions:
PROPERTY TAXES
Levy Dewilption Tot:d Tax Levy Levy%('longe Taxable Assessed Rates per 510110 or Tax Amount
Front Prior Year . Value or Gaitspet-Boit
CITY OF ITHACA TAX 33,R75.3SS.ilo 1.6% 216;000 . 4.747750 S1,025.51
DELINQUENT CHARGE 50.00 0.0% 4.230.401NIT I-000000 54.230.40
Taxer Due by Jan 31; 55,255.91
—— _——————_ RETURN BOTH STUBS WITH PAYMENT ——————— —— ——
`REMITTANCE STUB Warrant Dato 01/01/2000 Bill Number 4332
Owner Location Tax Map No
DJJP INC 633 s'I'ATf:s•r w 500700 72.-5-1 CITY 2000 FIRST ++
INSTALLMENT TAXES
Ilaytahle by Jan 31
to ci:y ah.uc:4c::m
1:
Tax Amount $5,255.91 '
Puid 8y 1 Cash Data Penalty & Interest
Np POSTD/1,TEC CFIHCKS 1 1 .Check Initial Total Paid $5,255.91 s
If you wish a receipt for payment of this tax bill,place an "X" In this box. 0 �1
-----------.------------------------------- --
TAX RECEIPT Bill Number 4332
CITY 2000 FIRST
Owner location Tax Map No INSTALLMENT TAXES
DJJP INC 633 ti'fA'fl:S•r w 500700 72.•5-1 Payabic by Jan 31 '
to city chambcrlin
Tax Amount $5,255.91
Najd Ay 1 7 Cash Date i Penalty&Interest
�I Check Initial Total Paid $5,255.91
From: David P. Barnes
To: Thayer, Steven
Date: Thu, Jan 13, 2000 10:57 AM
Subject: Parking Meter Capital Project
Please let us know the status of the parking meter capital project.
Officer VanVorce advises that stage 2 of the project will cost$59,120 and the Traffic Unit is anxious to
get that underway.
The also advised us there have been some unanticipated expenses. they have cannibalized all possible
parts that they can but need to purchase some additional parts to have on hand to keep the meters
operational. They did not figure in replacement batteries for the new electronic inserts and we need to
buy some tools for proper meter maintenance. Additional funding is needed as outlined below:
Batteries for this year- $1,950 (they're $9.75 each)
Meter parts- $1,200
tools-$1,000
Thanks
CC: Basile, Chief Richard; Cafferillo, Dominic; Shar...
r
February 3, 1999
18 . 10 Police Department - Approve Establishment of Capital
Project for Parking Meter Replacement - Resolution
WHEREAS, the City' s 1, 000 parking meters are at least 20
years old and are in need of repair and replacement, and
WHEREAS, the City will phase the replacement of the meters
over the next four years, at an overall cost of $210, 000, by
purchasing 250 replacement meters a year at an annual
estimated cost of $52, 200, and
WHEREAS, the parking meters will be of the latest technology
and parking meter revenue will help to offset the cost of
meter acquisition; now, therefore, be it
RESOLVED, That Common Council hereby authorizes the
establishment of Capital Project #377 Parking Meter
Replacement in an amount not to exceed $52,200 for the
purchase of said replacement parking meters, and be it
further
RESOLVED, That the funds necessary for said acquisition shall
be derived from the issuance of Serial Bonds.
18 . 11 Mayor - Approve Establishment of Snow Removal Reserve -
Resolution to be handed out at meeting
�1
CITY OF ITHACA
�r4 1 James L. Gibbs Drive Ithaca, New York 14850
........./�� YOUTH BUREAU
Telephone: 607/273-8364 Fax: 607/273/2817
TO: Dominick Cafferillo, Cont r r
FROM: Sam Cohen, Director
RE: B & A Agenda for January 26th
DATE: January 18, 2000
Please place the following items on the B&A agenda for January 26th:
1) Alex Haley Pool Budget Adjustments (01526) See attached.
2) Youth Development Budget Amendment (see attached).
"An Equal Opportunity Employer with a commitment to workforce diversification."
n
o�iT.titia� CITY OF ITHACA
� .�
V~ �'••;�� 1 James L. Gibbs Drive Ithaca, New York 14850
�s fQ1
YOUTH BUREAU
��RAIEO Telephone: 607/273-8364 Fa: 607/27.3/2817
MEMO TO: Budget and Administration Committee
FROM: John M. Doyle, Recreation Facilities Manager
DATE: January 13, 2000
RE: Budget transfers within Alex Haley Pool
In order to more fully reflect the cost of providing maintenance staff at the Alex Haley
Pool, the following is requested:
Reduce A7310-5410-01526 Utilities by $2,000
Reduce A7310-5495-01526 Treatment Supplies by $1,500
Increase A7310-5120-01526 Hourly P/T Seasonal by $3,200
Increase Fringe by $300
CC: Sam Cohen
Alice Green
Marcia Fort
"An Equal Opportunity Employer with a commitment to workforce diversification." ���
��,•• ��� CITY OF ITHACA
1 James L. Gibbs Drive Ithaca, New York 14850
S�'O`+..•• dF`� YOUTH BUREAU
�PoRAO Telephone: 607/273-8364 Fax: 607/273/2817
To: Budget and Administration Committee
From: Allen Green Youth Development Coordinator
Re: Youth Development Budget Amendment
Date: January 4,2000
We have been advised by the Ithaca City School District that we will be receiving
$7109.00 in additional revenue in order to support and expand the work that we've been
doing in partnership with BJM(Beverly J.Martin)Elementary School.This funding
originates from a federal"Twenty First Century Grant—A Bridge Across Cultures." The
project involves the development of community learning centers at three schools: Enfield
Elementary School,BJM and Dewitt Middle School.
We would like to amend the 2000 Youth Development budget as follows:
Increase anticipated revenue:
Ithaca City School District
Account# A 3$20-1203 Special Projects $7109.00
Increase expenses: Special Projects
Account# A 7310-120-1203 Part Time Seasonal $4573.00
Account# A 7310460-1203 Program Supplies $1200.00
Account# A 7310-035-1203 Contactual $545.00
Thank you.
"An Equal Opportunity Employer with a commitment to workforce diversification." 100
January 20, 2000
TO: Budget&Administration Committee, Common Council
FROM: Douglas 10 c na ,Director of Economic Development
RE: Marina Realty of Ithaca,LLC Tax Abatements
Attached for your review is a draft resolution and various support documents for your use in
considering the application by Marina Realty of Ithaca, LLC (MRI)to the Tompkins County
Industrial Development Agency(IDA) for the granting of certain tax abatements. The support
documents include a detailed letter in which MRI outlines the specifics of their project as well as
financial details related to the project.
I have also included a copy of the Mission, Policies and Procedures document used by the IDA
in their consideration of applications for tax abatement. You will note that under the conditions of
the IDA granting a tax abatement for a Retail/Commercial Project it is required that the
governing body of the municipality in which the project will be located endorse the granting of
the tax abatements.
The abatements contemplated by the IDA are allowed under New York State statute which
empowers IDAs to "advance the job opportunities, health, general prosperity and economic
welfare of the people of the state of New York." The granting of certain tax abatements
throughout Tompkins County is intended to fulfill that mandate. A list of previous abatements
granted by the County IDA, and the fiscal and job creation impact of those abatements, is
attached. It is worth noting that in return for approximately$1.8 million of incentives(i.e.
abatements)over$90 million has been invested in development and 1775 jobs have been created
or retained.
Some concern about precedent has been expressed. In 1994 the City of Ithaca prepared and
submitted an application to the New York State Economic Development Zones Program for
designation as an Economic Development Zone. Such an application would have required the
approval of the Common Council prior to submission. The attached copy of then-Mayor Nichols'
cover letter expresses clearly the need for incentives in the area to be designated. (attached map)
At the heart of the EDZ incentive program are real property and sales tax abatement incentives
that would have gone beyond simply manufacturing but also included retail, commercial and
residential improvements.
I hope these materials are helpful in your contemplation of endorsing the proposed tax abatement
incentives for this project. I personally believe that such incentives can be a powerful tool in
achieving the economic development goals presently pursued by the City of Ithaca. While at first
glance such incentives may appear to offer advantages to one business over another, they are also
often critical to the start-up and survival of a business in its early stages.The benefits to mature,
established businesses present themselves in the form of a stabilized tax base, a healthier City
economy and greater potential consumer opportunities for established businesses.
If after reviewing these materials you have questions please give me a call. I will of course be
available at the B&A Committee meeting to answer questions should they arise.
RESOLUTION
February 2, 2000
Council Endorsement of Proposed Sales and Mortgage Tax Abatement and a
Partial Real Property Tax Abatement, Granted to Marina Realty of Ithaca. LLC by
the Tompkins County Industrial Development Agency-Resolution
WHEREAS, Marina Realty of Ithaca, LLC (MRI) proposes to undertake a development
project on Inlet Island in the City of Ithaca which is expected to create 90 full-time
equivalent jobs, the majority of which will be available to low and moderate-income
persons, through the construction and operation of a restaurant and other related
commercial activities, and
WHEREAS, completion of the MRI project will serve as a catalyst for the physical and
economic revitalization of Inlet Island in accordance with The Inlet Island Urban Design
Plan and the Tompkins County Waterfront Plan, and
WHEREAS, the City of Ithaca has previously supported this project through inclusion of
the MRI project in the City's 1997 Canal Corridor Initiative Application and a subsequent
Section 108 Loan Program Application approved by the U.S. Dept. of Housing and
Urban Development, and
WHEREAS, the proposed MRI development project is likely to generate significantly
greater real property tax and sales tax revenues than are presently being generated at this
location, and
WHEREAS, the Tompkins County Industrial Development Agency, operating under the
powers granted to them by New York State statute and based on their established
Mission, Policies and Procedures, and after due consideration of the MRI project, has
decided to initiate the procedures whereby the requested abatements would be granted,
and
WHEREAS, those procedures require the endorsement of the proposed abatements by the
governing body of the municipality in which the project will be located, now, therefore,
be it
RESOLVED, that the Common Council of the City of Ithaca, having considered the
details of the proposed Marina Realty of Ithaca, LLC development project proposed for
Inlet Island, and having evaluated the fiscal impacts upon the City of Ithaca of the
proposed tax abatements being offered by the Tompkins County Industrial Development
Agency, hereby endorses those abatements.
Marina Realty of Ithaca, LLC
202 East State Street, Suite 401
Ithaca, NY 14850
(607)273-0670
Fax:(607)273-0718 Mark Campagnolo
Email:flashlawaclarityconnect.com Chris Purdy
Stephen B.Flash
January 20, 2000
Mayor Alan Cohen
Common Council Members
City of Ithaca
Green Street
Ithaca, NY 14850
BY HAND
Re: Inlet Island Development/Tompkins County Industrial Development Agency
Property and Sales Tax Abatement Endorsement Request
Dear Mr. Mayor and Members of Common Council:
The Tompkins County Industrial Development Agency (IDA) granted our application
to obtain certain property, sales and mortgage tax exemptions contingent upon, among other
items, receipt of a resolution by Common Council endorsing the IDA's action.
The IDA is created by statute and given the power to grant tax exemptions (and
finance through bonds - not applicable in this case) with the purpose of fostering economic
development. The areas of business that can be financed range from recreational to all sorts of
industry. I have attached a copy of the governing statute for your review. The IDA has wide
discretion on how it fosters development. The Tompkins County IDA traditionally funds
only light industrial, technical and other business ventures. When Marina Realty of Ithaca,
LLC (MRI) ran into a major funding gap, described below, we decided to seek assistance from
the City and, as a last ditch effort, to go to the IDA. Everybody advising us informed us that
the IDA would not do it based upon its past policies. In a radical departure from its past and,
in what I submit is a prime opportunity for the City, the IDA concluded that funding projects
which promote economic growth through tourism is appropriate. They granted our
application and now we seek your endorsement of this initiative.
Sales tax on restaurant revenue is in no way abated and the city portion of that sales tax
remains at one quarter of the 8% levied. The partial property tax abatement is 50% phased
out over ten years. Thus, the first year MRI would pay 50% of its property taxes, the second
year we would pay 55% and the third year we would pay 60% of our taxes as assessed and
increasing to 100% in ten years. The City's percentage of the property tax, and therefore of
the abatement as well, is approximately 28%. The sales tax exemption is on the cost of
construction materials and, again, the City's portion is one quarter of the 8% levied. The
mortgage tax exemption applies only to the state portion of that tax and so does not affect the
r F
IDA Abatement Endorsement Request
0Ii20/00
Page 2 of 3
City. I have attached a chart showing the estimated values of the various abatements and of
the projected sales tax revenues.
As is shown on the attached chart, the City's share of the sales tax (25%) generated by
the development's revenue is far greater than the cost to the City of the property tax and
construction material sales tax abatements combined. This is especially so when compared to
the taxes currently being generated. In the first year, even including the sales tax abatement,
MRI will generate far more in revenues for the City than is currently generated.
The funding gap that forced us to go the IDA is created by a number of different
factors. One factor is that the nature of the soil renders it impossible to have a basement.
Without a basement not only is there no storage area but plumbing and electrical lines have to
be designed into the foundation. The foundation has to increase in size to accommodate what
would have been in the basement and the foundation itself has to be designed to float as a
monolithic slab. The foundation requires us to rehabilitate the bulkhead adding an additional
$85,000 in costs. A second factor is that the site work required to turn what is presently, for
all intents and purposes, a dust/mud hole into public parking to accommodate the promenade
and the restaurant is estimated to cost $160,000. These two factors, combined with delays in
getting funding (still not received) for the clean-up have, in many ways, financially hobbled
the project.
Attached is a chart showing a funding gap of$500,000 minimum that assumes only a
4.6% construction over-run; it is advisable to have a 15% to 20% contingency. The three
members of MRI agreed to put in an additional $300,000 of equity (bringing the total to
$700,000),'and agreed to approach the IURA to seek an additional $50,000 low interest loan
and a $50,000 loan through the IURA administered section 108 Canal Corridor grant. Cash
flow is the critical element in the viability of a new business and for its future health.
Without a healthy enough cash flow to pay taxes, make mortgage payments and fund a
reserve for depreciating equipment, any business will find itself behind the eight ball and in an
extraordinarily difficult position from which to recover. The worst possible outcome would
be a "For Sale" on the property three or four years after opening. Therefore, despite well
meaning advice that an application to the IDA would fail, we applied for construction sales
tax and property tax abatements. As you can see on the charts appended, the tax abatements
requested assist a start-up business during the early years when it is most vulnerable to
financial stress.
The IDA's preliminary approval of our application means more to us than simply
improving the project's cash flow. It is a statement that the IDA wants to be a partner with
the City in spurring further private sector economic development of the Island specifically,
and in other ventures as well. This public-private partnership is precisely what was intended
by the Canal Corridor Initiative. Such a partnership means that there is a much greater
chance that economically viable business will develop on the Island in a manner consistent
with both the Tompkins County Waterfront Development Plan and with the City's Inlet
IDA Abatement Endorsement Request
01/20/00
Page 3 of 3
Island Plan. While the abatements are good for MRI, your endorsement of them will
encourage others to invest in the economic health and welfare of the City. The requirement
that any development applying for IDA assistance be consistent with a larger municipal plan
gives that municipality a say in the shape of development that it would not otherwise have.
The greater the chances of other development on Inlet Island, the greater the chances for
success of any particular business, new or old, including MRI.
We hope that you will see our request for endorsement of the IDA granted abatements
as an opportunity to put planning into action for Inlet Island and for inter-municipal
cooperation on future developments. I will be contacting you shortly, if I haven't already, in
hopes of arranging a meeting with you to discuss our request with you and to answer any
questions you may have.
Respectfully submitted,
J7;� 0- �A,
Stephen B. Flash
Attachments as noted
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Figure 2-2 The overall concept plan Illustrates a potential development pattern when
developed according to guidelines as listed in the plan.
August 1998 Page 2 - 2
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§ 856 GENERAL MUNICIPAL LAW INDUSTRIAL DEVELOPNIENT § 858
Note t Art. 18-A Art. 18-A
Notes of Decisions (5) To make by-laws for the management and regulation of its
Compatibility of offices 1 the membership of its Industrial Devel- affairs and, subject to agreements with its bondholders, for the
Increase of membership 2 opment Agency from five to seven. regulation of the use of a project or projects.
Time to appoint members 3 1981, Op.Atty.Gen. (Inf.) Mar. 24.
(6) With the consent of the municipality, to use agents, employ-
3. Time to appoint members ees and facilities of the municipality, paying the municipality its
1. Compatibility of offices The failure on the part of the Madison
A count treasurer may simultaneous- agreed proportion of the compensation or costs;
Y Y county board of supervisors to appoint
ly serve as the treasurer of the county's the members of the Madison County In- (7) TO appoint officers, agents and employees, to prescribe
industrial development agency and may dustrial Development Agency within the
be compensated for service in each posi their qualifications and to fix their compensation and to ) the
tion. Op.Auy.Gen. (Inf.) 82-5. time prescribed for such action may not q 1 pay}
be rectified by a resolution of said board same out of funds of the agency;
2. Increase of membership but may only be remedied by a special
A municipality, under the legislative act of the state legislature. 1974, Op. (8) To appoint an attorney, who may be the counsel of the
amendment to this section, may increase Atty.Gen. (Inf.) 265. municipality, and to fix his compensation for services which shall
be payable to him in addition to his official compensation, and to
§ 858. Purposes and powers of the agency retain and employ private consultants for professional and techni-
The purposes of the agency shall be to promote, develop, encour
cal assistance and advice;
age and assist in the acquiring, constructing, reconstructing, im- (9) To make contracts and leases, and to execute all instru-
proving, maintaining, equipping and furnishing industrial, manufac- ments necessary or convenient to or with any person, firm,
turing, warehousing, commercial, research and recreation facilities partnership or corporation, either public or private;
including industrial pollution control facilities, educational or cultur- (10) To acquire, construct, reconstruct, lease, improve, main-
al facilities, railroad facilities and horse racing facilities and thereby tain, equip or furnish one or more projects;
advance the job opportunities, health, general prosperity and eco-
nomic welfare of the people of the state of New York and to (11) To accept gifts, grants, loans, or contributions from, and
improve their recreation opportunities, prosperity and standard of enter into contracts or other transactions with, the United States -
living; and to carry out the aforesaid purposes, each agency shall and the state or any agency of either of them, any municipality,
have the following powers: any public or private corporation or any other legal entity, and to
use any such gifts, grants, loans or contributions for any of its
(1) To sue and be sued; corporate purposes;
(2) To have a seal and alter the same at pleasure;
(12) To borrow money and to issue bonds and to provide for the
(3} To acquire, hold and dispose of personal property for its rights of the holders thereof;
corporate purposes; (13) To grant options to renew any lease with respect to any
(4) To acquire by purchase, grant, lease, gift, pursuant to the c
project or projects and to grant options to buy any project at such
provisions of the eminent domain procedure law, or otherwise and
to use real property or rights or easements therein necessary for price as the agency may deem desirable;
its corporate purposes taking into consideration the local zoning (14) To designate the depositories of its money either within or
and planning regulations as well as regional and local comprehen- without the state;
sive land use plans and state designated urban cultural manage- (15) To establish and re-establish its fiscal year; and
ment plans, and to sell, convey, mortgage, lease, pledge, ex-
change or otherwise dispose of any such property in such manner (16) To do all things necessary or convenient to carry Out its
as the agency shall determine. In the case of railroad facilities, purposes and exercise the powers expressly given in this title.
however, the phrase to use real property or rights or easements (Added L.1969, c. 1030, § 1; amended L.1971, c. 978, § 4; 1,.1974, c. 669,
therein shall not be interpreted to include operation by the agency § 1; L.1974,c. 954, § 5; L.1977, c. 276, § 19; L.1977, c. 630, § 4; L.1978, c.
of rail service upon or in conjunction with such facilities. 727, § 6; L.1980, c. 803, §§ 4, 5; 1..1982, c. 541, § 8.)
320 321
Marina Realty of Ithaca, LLC
202 East State Street, Suite 401
Ithaca, NY 14850
(607)273-0670
January 18, 2000
Summary of Tax Abatement Benefits
Restaurant Parcel
(numbers in dollars)
Year City Portion of City Portion of City Portion of City Portion of Net Positive
Property Tax Sales Tax Property Tax Construction (Loss) for the
Generated Generated by Abatement Material Sales Tax City
(Assumes @ 2.5 % MRI(Assumes @ (Not npv) Abatement
growth¬ 5%growth¬ (col. 1 x %
npv) npv) abatement)
Year Prior to (05,000) 0 0 0 (5,000)
MRI's acquisition
of Property
Present 699 0 0 0 699
Year 1 11,560 28,713 (5,780) (12,500) 21,993
Year 2 11,849 40,000 (5,332) 0 46,517
Year 3 12,145 42,000 (4,858) 0 49,287
Year 4 12,448 44,000 (4,356) 0 52,092
Year 5 12,760 46,000 (3,828) 0 54,932
Year 6 13,079 47,000 (3,269) 0 56,810
Year 7 13,406 48,000 (2,681) 0 58,725
Year 8 13,741 49,000 (2,061) 0 60,680
Year 9 14,084 50,000 (1,408) 0 62,676
Year 10 14,436 50,000 (721) 0 63,715
Total 129,508 444,713 (34,294) 527,427
MARINA REALTY OF ITHACA LLC
PROFORMA EARNINGS STATEMENT AND CASH FLOWS
Jarwary 20.2000
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 6 YEAR 6 YEAR I YEAR a YEAR 9 YEAR 10
ra s6 r6 9'9 r6 $16 r6 $.9 a.6 9'9
SALES
food 3.00% 1,113,266 1,549,620 1,599,109 1,643,992 1,693,312 1,744,111 1,798,435 1,650,328 1,905,638 1,963,013
41.aw.6. 3.00% 322,390 469,632 483,721 496,232 513,179 526,575 544,432 560,765 571,588 594,916
T.W 2.l.. 1,435,616 2,019,252 2,079,830 2,142,225 2,206,491 2,272,686 2,340,667 2,411,093 2,483,426 2,557.928
COST OF GOODS IC.O.S.)
-Food 40.00% 445,315 619,848 636,444 657,597 677,325 691,645 718,574 740,131 762,335 785,205
-Bevan96 28.00% 90,269 131,497 133,442 139,505 143,690 148,001 152,441 151,014 161,725 166,576
Total C.G.S. 535,584 751,345 773,685 791,102 821,015 845,645 871,015 891,145 924,060 951,781
GROSS PROFIT 900,093 1,261,907 1,305,944 1,345,123 1,385,476 1,427,041 1,469,852 1,513,947 1,559,366 1,606,147
CONTROLABLEEXPENSES
Payroll 5.00% 460,672 504,706 529,941 556,436 564,260 613,473 644,148 676,354 710,171 745,680
E.0"..b.a.6p 12.00% 67,661 60,565 63,503 66,773 70,111 73,617 77,266 81,162 85,221 89,462
41b.dl Op-MV P-iq. 6.00% 71,764 100,963 103,991 107,111 110,325 113,634 117,043 120,555 124,171 127,896
f+d.48hMt 0.50% 7,178 10,006 10,399 10,711 11,032 11,363 11,704 12,055 12,417 12,790
4"mwq 3.00% 43,070 60,578 62,395 64,267 66,195 66,181 70,226 72,333 74,503 76,738
46Mf.t foam 35,892 39,481 43,429 47,772 52,549 51,804 63,585 69,943 76,937 84,631
Amdere+.iQw.,w 2a% 35,892 50,481 51,988 53,556 55,162 56,817 56,522 60,277 62,066 63,948
4t.p.b AL4M w.:. 2a% 14,357 20,193 41,597 42,844 44,130 45,454 48,817 46,222 49,669 51,159
44.n.6..W oxpt . 5.00% 11,764 100,963 103,991 107,111 110,325 113,634 117,043 120,555 124,171 127,896
T.W Ca.aol.b%Codd 818,310 946,024 1,011,332 1,059,583 1,104,089 1,153,977 1,206,365 1,261,456 1,319,346 1,380,220
Not CarVa16Elo irr"R6 61,763 319,883 294,612 286,540 281,366 273,063 263,467 252,491 240,020 225,927
OCCUPANCY COSTS
Bo.I*awb..d C.OM M 5.00% -24,000 -25,200 -26,460 -27,783 -29,172 -30,631 -32,162 -33,770 -35,459 -37,232
Prop.nyToPr.AW. A 2.50% 41,560 42,620 43,685 44,777 45,897 41,044 48,220 49,426 50,661 51,928
L.t.Abd.A.1 -19,532 -16,018 -16,011 -14,014 -12,012 -10,010 -6,008 -6,007 4,004 -2,002
+wa6 0.75% 10,768 15,144 15,599 18,067 18,549 17,045 17,557 18,083 18,626 19,184
T.WOcaprw,ydoom 6,816 14,546 16,807 19,047 21,261 23,446 25,606 21,731 29,824 31,878
TOW Op.r.6 Eqw s 827,125 962,570 1,028,139 1,075,630 1.125,350 1,171,426 1,231,991 1,289,187 1,349,170 1,412,098
EBITOA 12,668 305,337 271,805 269,493 260,126 249,615 231,861 224,760 210,196 194,049
IE-9.0"o t..f..t Tw..Ow W Art I
INTEREST-1081om 75%VOW 63,103 61,623 60,028 56,309 56,456 58,456 58,456 56,456 56,456 58,456
INTEREST Carl"Safts 6.76%120yrf6 68,006 56,864 55,615 54,249 52,755 52,755 52,755 52,755 52,755 52,755
INTEREST-CITY LOAN 1,500 1,500 1,371 1,085 790 486 173 0 0 0
DEPRECIATION 88,800 86,800 88,800 88,800 56,800 8800 86,800 31,600 31,600 31,600
RESTAURANT PROFIT 438,441 96,550 71,991 61,050 61,325 51,118 39,677 23.949 69,385 53,238
INCOME TAXES 35.00% 18,455 33,792 25,187 23,467 21,464 17,891 13,887 29,382 24,295 18,633
INCOME AFTER TAXES .89,997 84,757 46,794 43,582 39,862 33,227 25,790 54,567 45,100 34,604
ADD DEPRECIATION 88,800 88,800 88,800 98,900 88,900 88,900 88,800 31,600 31,600 31,600
LESS PRINCIPAL ON DEBT 31,240 33,862 46,114 49,486 53,129 57,063 61,315 54,981 59,818 67,550
LESS REVERVES FOR REPLACEMENTS 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000
CASH FLOW -92,427 57,695 29,480 22,896 15,533 4,964 .6,725 -28,814 12,916 .81,346
RETURN ON INVESTMENT-PROFIT 700,000 4196% 9.97% 9.68% 6.23% 5.69% 4.75% 3.68% 7.80% 6.44% 4.94%
RETURN ON INVESTMENT CASH FLOW 700000 -13.20% 8.24% 4.21% 3.27% 2.22% 0.71% -0.96% -4.12% -6.13% -8.76%
VAT14OUTABATEMENT:
RETURN ON INVESTMENT-PROFIT 700,000 45.65% 6.39% 4.40% 4.22% 3.98% 3.32% 2.54% 6.64% 5.87% 4.66%
RETURN ON INVESTMENT CASH FLOW 700000 -15.99% 5.67% 1.92% 1.27% 0.50% -0.72% -2.10% -4.97% -6.70% -9.05%
MARINA REALTY OF ITHACA LLC
PROFORMA EARNINGS STATEMENT AND CASH FLOWS
January 20,2000
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 6 YEAR 6 YEAR 7 YEAR 6 YEM 9 YEM to
8's 6's re 8's is $'s 5's 5's S's $'S
SALES
food 5.00% 1,113,266 1,549,620 1,627,101 1,708,456 1,793,879 1,683,573 1,971,752 2,076,640 2,180,472 2,289,495
-0-op 6.00% 322,390 469,632 493,113 511,769 543,658 570,840 599,382 629,352 660,819 693,860
Taal Bar.. 1,435,676 2,019,252 2,120,215 2,226,226 2,337,537 2,454,414 2,577,134 2,705,991 2,841,291 2,983,355
COST OF GOODS(C.G.S.►
-Food 40.00% 445,315 619,846 650,841 683,363 717,552 753,429 791,101 830,656 872,189 915,798
-Beverage 28.00% 90,269 131,497 136,072 144,975 152,224 159,835 167,827 176,218 185,029 194,281
Total C.G.S. 535,564 751,345 786,912 826,358 869,778 913,265 956,928 1,006,874 1,051,218 1,110,079
GROSS PROFIT 900,093 1,267,907 1,331,302 1,397,868 1,461,761 1,541,149 1,616,207 1,699,117 1,784,073 1,873,276
CONTROLABLE EXPENSES
Payd 5.00% 460,672 504,706 529,941 556,438 584,260 613,473 644,146 676,354 710,171 745,680
Em*y"b-lb 12.00% 57.681 60,565 63,593 66,773 70,111 73,617 77,298 81,162 65,221 89,482
4Xe dOPUS"EW. 5.00% 71,784 100,963 106,011 111,311 118,877 122,721 128,857 135,300 142,065 149,168
f,ue.snwa 0.50% 7,178 10,096 10,601 11,131 11,688 12,272 12,886 13,530 14,206 14,917
46ahakp 3.00% 43,070 60,578 63,606 66,787 70,126 73,632 77,314 81,180 85,239 89,501
4a0M.. 10.00% 35,892 39,481 43,429 47,772 52,549 57,804 63,585 69,943 76,937 84,631
AdwAIWOM A Gw" 2.60% 35,892 50,481 53,005 55,656 58.438 61,360 64,428 67,650 71,032 74,584
A.P."a 6l.w.mnO. 2.00% 14,357 20,193 42,404 44,525 46,751 49,088 51,543 54,120 56.826 59,667
46M,ge-d5.00% 71,764 100,963 106,011 111,311 116,877 122,721 128,657 136,300 142,065 149,168
Total corkai .Cods 818,310 948,024 1,016,602 1,071,703 1,121,671 1,186,688 1,246,913 1,314,538 1,383,762 1,456,797
Net Catrdable hcome 81,783 319,883 312,701 326,164 340,084 354,461 369,294 384,579 400,311 416,479
OCCUPANCY COSTS
Boa wP ovMMad w*wion 6.001A -24,000 -25,200 -26,466 -27,783 -29,172 -30,631 -32,162 -33,770 -35,459 -37,232
PrWft Ta Pr.ABarwwa 2.60% 41,580 42,620 43,685 44,777 46,897 47,044 46,220 49,426 50,661 51,928
L..Abdw d -19,532 -16,018 -16,017 -14,014 -12,012 -10,010 -6,006 -6,007 -4,004 -2,002
4ea 0.75% 10,768 15,144 15,902 16,697 17,532 18,406 19,329 20,295 21,310 22,375
Taal OCC*Ar.y Cods 6,816- 14,546 17,110 19,677 22,244 24,811 21,378 29,943 32,508 35,069
TOW OPMw.Eay.ru.s 627,125 962,570 1,036,711 1,091,380 1,149,921 1,211,500 1,276,291 1,344,461 1,416,270 1,491,866
EBITDA 72,966 305,337 296,591 306,498 317,940 329,649 341,915 354,636 367,803 361,410
IEmro SMS.bM .Taw.Dw W Anon 1
INTEREST-108loan Ts%uoyr 63,103 61,623 00,028 56,309 56,456 56,456 56,456 58,456 56,456 56,456
INTEREST-Cortwid Sm*0 6.76%120yr16 58,006 56,864 55,615 54,249 52,755 52,755 52,755 52,755 52,755 52,755
INTEREST-CITY LOAN 1,500 1,500 1,371 1,085 790 486 173 0 0 0
DEPRECIATION 88,800 88,800 88,600 86,800 86,800 86,600 68,800 31,600 31,600 31,600
RESTAURANT PROFIT 436,441 96,550 69,771 104,045 116,039 131,152- 143,731 213,825 228,992 240,599
INCOME TAXES 35.00% 48,465 33,792 31,422 36,416 41,664 45,903 $0,306 74,839 79,447 64,210
INCOME AFTER TAXES .69,987 62,757 58,355 67,629 77,375 85,249 93,425 138,906 147,545 156,390
ADD DEPRECIATION 68,800 88,800 86,800 68,900 88,800 88,800 68,800 31,600 31,600 31,600
LESS PRINCIPAL ON DEBT 31,240 33,862 48,114 49,486 53,129 51,063 61,315 54,981 59,618 67,550
LESS REVERVES FOR REPLACEMENTS 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000
CASH FLOW .92,427 57,695 41,041 46,643 53,046 56,986 60,910 $5,605 59,527 60,440
RETURN ON INVESTMENT-PROFIT 700,000 42.88% 8.87% 111.11% 9.66% 11.05% 12.18% 13.35% 18.80% 21.08% 22.34%
RETURN ON INVESTMENT CASH FLOW 700000 -13.20% 8.24% 5.86% 6.71% 7.58% 8.14% 8.70% 7.94% 8.50% 8.639A
WITHOUT ABATEMENT:
RETURN ON INVESTMENT-PROFIT 70000 -15.65% 8.39% 6.05% 7.06% 9.34% 10.75% 12.20% 19.00% 20.51% 22.06%
RETURN ON INVESTMENT CASH FLOW 700000 -15.99% 5.67% 3.57% 4.70% 5.86% 6.71% 7.56% 7.09% 7.93% 8.35%
Marina Realty of Ithaca, LLC
202 East State Street, Suite 401
Ithaca, NY 14850
(607)273-0670
January 20, 2000
Summary of Funding Gap
(numbers in thousands of dollars)
Use of Funds Original '97 Low Bid Change Low Bid Final
Estimate as from with Change
planned Original redesign from
Original
Property Acq. 325 325 0 325 0
Restaurant Construction 600 1,124.8 524.8 1,055.7' 455.7
Restaurant FF & E 370 360 (10) 360 (10)
Marina Renovation 160 0 (160) 0 (160)
Bulkhead Repairs 0 85 85 85 85
Retail Building 25 25 0 25 0
Renovation
Pre-Opening 30 100 70 100 70
Development Costs
Working Capital 140 150 10 150 10
Financing
Soft Costs 100 100 0 100 0
Sub-Total 1,750 2,269.8 519.8 2,200.7 450.7
Construction 49.3 49.3
Contingency (4.6)
Total 2,250.0 500.0
Summary:
Initially, we had a cost over-run of$519,800 without any construction contingency. The largest elements o
this over-run are: (1) soil composition prevents construction of a basement, and therefore requires a 2,000
square foot larger foot print than originally planned; and, (2)the cost of site work, which includes design an
creation of public parking for the promenade.
''Redesign changes include: roof simplification, cupola redesign, deck material and design change.
Solution
Sources of Funds Original '97 Plan Revised Change
Bank Loan 550 650 100
Section 108 Loan 800 800 0
Owner Equity 400 700 300
City of Ithaca 0 100 100
Loan
Total 1,750 2,250 500
Marina Realty - Benefits Calculations
assessed value before project 74,000
added assessed value after project 1 ,149,300
1st Year Pro!. Abatement
Jurisdiction Rates/$1000 Existing Taxes 1st Year Proj. w/ Abatement Total PV Value
County 5.29 391 6,471 3,431 1 1 ,813
City/Town 9.45 699 11 ,560 6,1 30 21 ,1 03
Village - - - -
School 19.25 1 ,425 23,549 12,487 42,987
Total 33.99 2,515 41 ,580 22,048 75,903
basis 6,080 10,861 22,124
npv Rate 9.75%
Year Abatement County City School
1 50% 3,040 5,430 11 ,062
2 45% 2,736 4,887 9,956
3 40% 2,432 4,344 8,850
4 35% 2,128 3,801 7,743
5 30% 1 ,824 3,258 6,637
6 25% 1 ,520 2,715 5,531
7 20% 1 ,216 2,172 4,425
8 15% 912 1,629 3,319
9 10% 608 1 ,086 2,212
10 5% 304 543 1 ,106
Total 16,719 29,867 60,841
Total NPV
NPV $11 ,813 $21 ,103 $42,987 $75,903
Job Creation & Tax Revenue Estimate
The Boatyard Restaurant/Inlet Island
Front**
35 Waitress/Waitress - Minimum wage + tips (35 Full Time & 20 Part Time)
15 Host - $6.00/hr+ tips
5 Bartenders - $6.00/hr+ tips
Kitchen**
15 Line Cooks - $8 - 11/hr (25 Full Time & 10 Part Time)
8 Prep Cooks - $6 - 8/hr BOCES to supply 8 - 10 people
5 Dishwashers - $6 - 8/hr
**The above jobs require no special skills or educational prerequisite. We have
intensive training and cross-training programs in place to create the skills
necessary for each of these positions. The typical applicant profile would be local
residents with limited skills and education. This would include single parents and
lower to moderate income people who are willing to work and are looking for an
opportunity to learn new skills. (Part time hours are considered less than 30/wk.)
Management*
5 Positions - $20,000 - $50,000/year
Administration*
2 Positions - $30,000/year
*The above positions require a 2 year degree or comparable job experience. They
will be required to go through our training program as well.
Repairs and Maintenance
3 Positions - $6 - 10/hr (Challenge Industries to supply)
TOTAL: 100 **These numbers are based upon actual current staffing levels
and existing training programs and procedures currently in place at Joe's
and Little Joe's Restaurants.
Taxes Generated: $160,000 in Sales Tax
$65,000 on payroll & related taxes on 100 new jobs
TOMPKINS COUNTY
INDUSTRIAL DEVELOPMENT AGENCY
Mission, Policies and Procedures
Adopted July 16, 1992
Revised December 16, 1993
Revised March 20, 1997
MISSION
The primary mission of the Tompkins County Industrial Development Agency(IDA) is to offer economic incentives to
Tompkins County businesses in order to create and retain quality employment opportunities and strengthen the local tax
base.The IDA targets the manufacturing sector and will only consider other sectors if certain criteria are met.
POLICIES
A. Eligible Projects
In general, the IDA avoids offering incentives to businesses that will compete with or displace existing Tompkins County
businesses. It prefers to assist those businesses that have a market for products or services extending beyond Tompkins
County including"back office"operations and regional or national headquarters.The IDA will also assist companies
selling their product or service in the County when it is clear their primary competition is from outside of the County.
1. Manufacturing-The IDA targets manufacturing because of the quality of the jobs this sector creates and
because it is unlikely applicants will be competing with other Tompkins County businesses.The IDA defines
manufacturing very broadly to include computer software,agri-business,printing,publishing,and research and
development.
2. Retail/Commercial Projects -The IDA will only consider retail/commercial projects under the following
conditions:
a. The project is a critical part of a larger,pianned development.
b. The project must be endorsed,through a formal resolution,by the appropriate
municipal governing body.
c. In addition to these local policies,New York State prohibits retail projects unless some
of the following conditions are met; the project:
i. Is considered a tourism destination facility
ii. Is operated by a not-for-profit corporation
iii. Will locate outside of the State without IDA assistance
iv. Is located in a highly distressed area
V. Makes available goods or services not reasonably accessible
vi. Preserves or increases permanent jobs
3. Not for Profit Projects-A 1986 change in State law now makes it possible for the IDA to help not for profit
corporations finance certain facilities through the issuance of bonds.
1
B. Fees
The applicant is responsible for paying the IDA Administrative Fee at the time of closing.This fee will be equal to I% of
the project costs. Project Cost for the purpose of determining fees is defined as the greater of the total value of the
improvements involved in the project or the total value of the property to be owned by the IDA. The applicant is also
responsible for paying the IDA for all legal costs it incurs including IDA Counsel and Bond Counsel fees.
In an attempt to make its incentive program cost effective for smaller projects, the IDA will reimburse the applicant for
100%of the Administrative Fee,IDA Counsel Fee, IDA Bond Counsel Fee and the Applicant's Counsel Fee associated
with the IDA involvement in the project if the total project cost is less than$1 Million. If the project cost is greater than
$1 Million, but less than$2 Million, the reimbursement of fees will be 50%; there will be no reimbursement of fees for
projects with costs over$2 Million.The reimbursement will take the form of additional property tax abatement credited
to the business in the initial years of the Payment In Lieu of Tax agreement(PILOT).Applicants must submit an estimate
of their attorney's fees prior to closing. The IDA retains the right to determine the credit the applicant will receive. For
projects were there is no property tax abatement,there will not be any form of fee reimbursement.
C. Property Tax Abatement
The IDA is not required to pay real property taxes on any property it acquires.The IDA will require the applicant to
make Payment In Lieu of Tax(PILOT) payments to all of the taxing authorities according to the following guidelines.
1. The following will be the standard property tax abatement offered to qualified
businesses:
YEAR ABATEMENT
1 50%
2 45%
3 40%
4 35%
5 30%
6 25%
7 20%
8 15%
9 10%
10 5%
2. The IDA retains the ability to offer more than the standard abatement based on an analysis of the impact on the
economy and the needs of the business.All appropriate taxing authorities will be notified of the reasons for deviation
from standard policy and given an opportunity to review and comment on each project seeking a higher level of
abatement h1fi=final IDA approval.
3. The abatement will only impact taxes on improvements to the property and not taxes on existing property.
2
D. Sales Tax Abatement
The applicant will be exempt from both the local and State portion of sales tax on construction materials, equipment,and
furnishings associated with the project.
E. Miscellaneous Taxes and Fees
The applicant is responsible for paying all Special Assessments, Revenue Stamps, Recording and Filing Fees,Transfer
Taxes, Estate Taxes, and that portion of the Mortgage Tax($5 per 51,000) that is allocated to the local municipality.The
applicant does not have to pay the portion of the Mortgage Recording Tax($2.50 per$1,000) that is allocated to the
State.
F. Local Purchasing and Hiring Practices
The IDA requires all recipients of IDA incentives to make every effort to purchase goods and services from Tompkins
County businesses,and to hire Tompkins County residents. The IDA may require detailed information concerning the
applicant's past and projected purchasing and employment practices.
PROCEDURES
A. Application
Tompkins County Area Development,Inc.(TCAD),provides administrative and marketing services to the IDA.
Potential applicants should work with TCAD to determine whether the proposed project is eligible. If the project
appears to be eligible,the applicant will be invited to submit an application for assistance.The application will be
presented to the IDA board for its review.Based on the nature of the project and the incentives requested, the following
will occur:
1. If rhe project meets the goals of the IDA and the applicant is requesting the standard
incentives and the project's value is less than$100,000,the IDA can approve the project at the initial meeting.If the
project's value exceeds$100,000,the IDA will instead adopt a resolution describing its intent to provide assistance
and the nature of that assistance.
2. If the applicant is requesting more than the standard incentives,all local taxing authorities that would be
impacted will be notified and given an opportunity to comment on the project before IDA approval.
3. If the project is commercial or retail in nature,the IDA can approve the project only if the above stated criteria
have been met and contingent on support by the appropriate local government.
4. If the applicant is requesting tax exempt bonding assistance,a Public Hearing and approval by the Tompkins
County Legislature may be required. In some cases,preliminary approval can be granted contingent upon successful
completion of these requirements.All municipal and taxing authorities impacted by the project will be notified of
the public hearing.
5. For projects valued over$100,000, a Public Hearing will be held in city, town or village where
the project is located,with ten days public notice and ten days notice to the CEO of each affected municipality and
school district.
3
B. Notification and Reporting
1. The appropriate municipal authorities will be notified and invited to comment if a proposed IDA action will
result in the relocation of a business from that municipality.
2. All appropriate taxing authorities will receive a copy of the PILOT Agreement not more than fifteen days after
penalty for the first month,plus one percent thereafter, and tax-affected jurisdictions may take direct action against
project occupants if payments are delinquent.
3. Applicants will notify the State Job Service and any appropriate employment and training agencies,such as
PIC/DTPA, regarding job openings that result from the project. Except as otherwise provided by collective
bargaining agreements, applicants will agree to give first consideration to appropriate referrals from these agencies.
4. Businesses will be required to submit an employment report on an annual basis including general job categories
and salary,as well as a report on the outstanding debt associated with the project.
5. Under certain circumstances,a Governor's order concerning affirmative action will be in effect.
4
7Frr29-2000 16 2 P.C,_ 701,1-20-2000 ih;ZZ
IDA Projects - Main Database Existing New New lsl Year Value of Total Terms of
iDate Jobs Jobs Jobs Hourly Property Tax Sales Tax 1st Year Payment In lieu of Tax i I
Project Name Closed Value So.Fl-. Acres Retained Prictd Actual Wage - Abatement Abatement Incencentiv!2 Agreement
For Profit
Borg WarnE r-1 1973 1,000,000 no na
Rothchilds i 1975 2,500,000 90,000 1.5 {
Nei j 1975 1,000,000
Precision Filers 1980 11000,000 15,536 2.9 33 42 1,577 10,500 22,077 50,45,40,35,30,25,20,15,10,5
Wilcox Pro s� 1981 3,500,000
ISA Babcock 1982 875,000
I
Borg.Warner-2 1984 29,000,000 750,000 89.0 p �. a��.:>,+.•=s.a.=.,�.�..w.,,.>.,
Tompkins Medical Office Building 1985 2.500,000 33,904 1.5 40 I 50,46.40.35,30,25,20,15,10,5
CBOR11-1 I 1990 230,000 11,000 2.4 55 30 123 9,313 8,225 17,538 60,60,40,40,30,30,20,20
Cafesnstate Partners 1990 1,750,00020,000 0.2 36 14 59 15,750 40,000 55,750 50,45,40,35,30,25,20,15,10,5
Ithmar I 1990 688,000 15,000 2.3 10 40 38 i 9,300 15,000 24,300 50,45,40,35,30,25,20,15,10,5
Wilcox Press 1990 17,000,000 220,000 23.0 130 77 ill 143,000 230,000 373,000 100,100,80,80,60,60,40,40,20,20
HI-Speedeckweigher 1992 3,100,000 44,000 4.9 89 35 33 10.89 7,350 70,000 87,350 50.45,40,36,30,25.20,15,10's
Ithaca Peril iherals- 1 1992 1,700,000 26,000 5.5 42 24 23 7.58 14,168 30,000 44,168 50,45,40,36,30.25,20,15,10.5
Park View Ciaritas- 1) 1993 2,300,000 23,000 5.2 60 24 35 II55.200 37,000 92,200 100.93,e7.60,73,e7.60.53,u,40,33,27.20.13.7
Transonic Systems 1993 850,000 24,000 10.0 41 26 15 11.43 19,900 25,000 34,900 50,45,40,35;30,25,20,15,10,5
Ithaca Perlohh.e�'rals-2 1994 360,000 10,440 na 65 12 16 9.28 12,844 10,000 12,844 50,45,40,35,30,25,20,15,10,5
Park Tech it nn S) 1994 1,300,000 18,000 3.9 17 57 20 15.40 36,800 60,000 96,800 100,90,80,70,60,50,40,30.20,10
H&EMachi�lery 1996 500,000 20,000 6.0 88 48 68 6.17 16,376 15,000 21,376 50,45,40,35,30,25,20.15,10,5
Ithaca Matdrials Research&Testing 1997 741,000 6,000 2.0 14 11 7 13-1.4 14,291 15,000 19,291 50,45,40,35,30,25.20,15,10,6
Cayuga Press 1997 975,000 4,200 1.0 36 9 11 1.1.53 3,205 6,680 9,885 50,45,40,35,30,25,20,15,10,5
CBORD-2 1997 2,466,250 21,000 3.0 178 26 29 1.k43 j3,240 181,300 224,540 100,90,80,70,80,50,40,30.20,10
Thornwood Corp.Cntr.(Claritas-2) 1997 1,600,000 17,800 3.8 95 16 na x.56 10,500 56,000 66,500 50,45,40,35,30,25,20,15,10,5
Ithaca Peripherals-3 1997 1,253,000 23,541 2.2 81 16 it 9.36 II 6,989 36,800 43,789 50,45,40,35,30,25,20,15,10,5
Taughanncck Aviation 1997 1,000,000 22,500 1 28 17 na 12.00 18,250 32,000 40,250 50,45,40,35,30,25,20,15,10,5
USGS/81ecIBuilding 1998 1,650,000 22,900 4.8 31 93 na 20`6D ?1,2,100 164,000 186,100 100,90,80,70,60,50,40,30,20,10
Ithaca Masi Research&Testing-2 1999 505,000 6,000 na 22 11 na $7.04 15,200 16,000 21,200 50,45,40,35,30,25,20,15,10,5 }
Kdnix II 1999 5,075,000 20,800 2.2 15 30 na 38.97 22,100 136,000 158,100 100,93,a7.30,73.e7.60,53.47.40a3.27.20.13.7f
Fingerlakes Aquaculture 1999 1,500,000 10,000 32.0 10 40 na 1.1.6.0 18,679 98,681 107,360 50,45,40,35,30,25,20.15,10,5
Palisade I 2000 i 50,45,40,35,30,25,20,15,10,5
Wilcox Press 2000
Marina Re Ity 2000 2,220,540 8,000 0.6 0 100 9,532 53,592 73,124 50,45,40,35,30,25,20,15,10,5
Sub Total 90,138,790 1,483,621 210 0 1,176 838 599 22tT 4 5,664 1,346,778 1,832,442 C
CITY OF ITHACA
108 East Green Street
Ithaca, New York 14850
Office of Telephone: 607-274-6501
The Mayor Fax: 607-272-7348
February 24, 1994
Frank Cardinale, Director
Economic Development Zones Program
Department of Economic Development
Room 890
One Commerce Plaza
Albany NY 12245
Dear Mr. Cardinale:
I am pleased to submit to the Department of Economic Development the City of Ithaca's
Economic Development Zones Program application.
In addition to the unemployment and poverty factors which have made the City eligible to
apply for zone status,the proposed zone described in the application suffers from many other
problems that one might not immediately associate with Ithaca. Low educational attainment(25%
of zone adults do'not have a high school degree),a disproportionately high high school drop out
rate,deteriorated housing and a concentration of households on public assistance are but a few of
the factors impacting residents of the proposed zone. This application describes a number of
economic and human resource development goals and objectives and related implementation
strategies which I believe will have an impact on im rovi g his sittlation and the quality of life for
this population provided zone designation is granted. The prop-rams available through zone
designation will be essential in our ability to assist those businesses best positioned to create the
employment opportunities necessary to lift this population out of poverty.
I can attest that the information contained in the application is accurate and complete.
Please feel free to call me,or Herman Sieverding on my staff,should you have any questions or
require additional information.
Sincerely,
fil_� 4L
Benjamin Nichols
Mayor
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CITY OF ITHACA
LEGEND
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/ I-Industrial P-Public
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R-Residential MH-1-Mobile Hume
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Common Council February 2, 2000
Budget and Administration Committee Item 17.6
Whereas, the City has developed land use plans and urban design guidelines for several
geographic areas of the city where development was anticipated or hoped for, and
Whereas, these plans included the North Side Urban Design Plan, 1990/updated 1994; the
West Hill Master Plan, 1992; the Downtown Urban Design Plan, 1992; the Southwest Area
Land Use Plan, 1994; the Inlet Island Urban Design Guidelines, 1998; the West End Urban
Design Guidelines, 1998; and the Southwest Area Urban Design Guidelines, 1999, and
Whereas, the current zoning in Collegetown was adopted in 1987 without a plan for its
future course of development or without any urban design guidelines, and
Whereas, since the 1987 zoning changes,Collegetown has experienced significant changes,
including the development of several high-rise residential buildings,which have significantly
altered the character of the area,and
Whereas,it is anticipated that Collegetown will experience continued redevelopment in the
near future, and
Whereas,Common Council passed a twelve-month moratorium on new dwellings in
September, 1999 and that moratorium will end on July 5, 2000, and
Whereas, during the moratorium the Planning Department was to complete an in-depth
study of parking issues in the area encompassed by the moratorium, which will include,but
not be limited to,collecting and evaluating information on motor vehicle usage by residents
of the area subject to the moratorium,and that study is presently underway, and
Whereas, at the time Common Council debated the current Collegetown Moratorium,one of
the issues considered important was the physical character of Collegetown and the methods
by which the City could have an effect on the area's appearance through zoning or other
regulations,and
Whereas, a zoning and urban design plan would complement the parking study currently
being conducted, and
Whereas, such a planning study would include examining the existing conditions in
Collegetown with respect to buildings,landscaping, streetscape, and analyzing such factors
as building setback, sidewalk width,landscape,hardscape,building materials,fenestration,
building height,massing,pedestrian amenities,etc.,in order to formulate recommendations
that could be implemented in local laws and regulations and discretionary approvals,now
therefore be it
RESOLVED,that Common Council hereby authorizes Capital Project# ,
Collegetown Zoning and Urban Design Plan at a total cost not to exceed$
for the purpose of hiring a consultant to undertake such plan, and be it further
RESOLVED,that the funds necessary for this project shall be advanced by the General
Fund and later repaid by the issuance of Serial Bonds.
H. Matthys VanCort- Study of Adult Uses Page 1
From: H. Matthys VanCort
To: Cafferillo, Dominic; Thayer, Steven; Vaughan, Pa...
Date: Tue, Jan 25, 2000 2:10 PM
Subject: Study of Adult Uses
Toward the end of 1999, Common Council allocated certain funds to the Department of Planning and
Development and directed that we retain a consultant to investigate the potential impacts of adult uses in
the City of Ithaca and prepare a report which would assist the Council in amending the City's zoning
ordinance to control such uses.
As I reported to several of you this morning, I have spoken with Robert Penna about doing such a study
for the City. Mr. Penna is well versed in these issues, having performed any number of similar studies
throughout New York State and around the country.
I was told by Steve that I could do what is termed an informal RFP for these services. I therefore
contacted numerous other consulting firms, both local and regional, and was not able to find a consultant,
other than Penna,who had any interest in conducting such an investigation for the City.
I was able to convince Mr. Penna to do the study for Ithaca for an amount less than $5,500. The exact
amount and scope of services are to be negociated as part of the contract. Mr. Penna will submit a
written proposal to me in the next couple of days.
If the B&A Committee concurs, I would recommend that Patricia Dunn and I proceed with contract drafting
and bring a contract to Mayor Cohen for signature without further action by the B &A Committee or
Council. I will proceed in this manner unless I am directed to do otherwise by the B&A.
CC: Blumenthal, Susan; Dunn, Patricia; mayor
.F CITY OF ITHACA
V~' srt 108 East Green Street Ithaca, New York 14850-5690
DEPARTMENT OF PLANNING AND DEVELOPMENT
Pot1G 0 H. MATTHYS VAN CORT, DIRECTOR OF PLANNING AND DEVELOPMENT
DOUGLAS B. McDONALD. DIRECTOR OF ECONOMIC DEVELOPMENT
Telephone: Planning& Development-60'%274-6550 Community DevelopmentAURA- 60-,2--f-6559
Fa: 6072--t-6558
TO: Budget & Administration Committee
From: H. Matthys Van Cort
SUBJECT: Collegetown Urban Design Study
DATE: January 21, 2000
At the time Common Council debated the current Collegetown Moratorium, one of the issues
considered important was the physical character of Collegetown. The Department of Planning &
Development is conducting a study for parking supply and demand in and around Collegetown.
We have not, however, had the resources to begin an examination of the physical appearance of
Collegetown or to study methods by which the City could have an effect on the area's appearance
through zoning or other regulations.
This is written to request funding for a study by a consultant to examine the existing conditions
in Collegetown with respect to buildings, landscaping, streetscape, etc. The study would analyze
such factors as building setback, sidewalk width, landscape, hardscape, building materials,
fenestration, building height, massing, pedestrian amenities, etc. The goal of the study would be
to formulate recommendations that could be implemented in local laws and regulations and
discretionary approvals by the Planning& Development Board, the Design Review Board, etc.
We do not have a cost for this item yet, but the rough estimate for the cost of the study could be
up to $35,000. If possible, it is our intention to complete this work before the end of the current
moratorium, which is July 2000.
If you have any questions regarding this request,please call Susan Blumenthal or Thys Van Cort.
An Equal Opportunity Employer with a commitment to workforce diversification."
OFIT.H9C� CITY OF ITHACA
108 East Green Street Ithaca,New York 14850-5690
OFFICE OF THE CITY ENGINEER
Telephoner 607/274-6530
To: Bill Gray, Superintendent of Public Works
Steve Thayer, Deputy Controller
From: Tom West, Civil Engine
Date: January 14, 2000
Re: Code Compliance Capital Project—status
The following work items are currently underway and should be completed within the next three
months. The total estimated cost is$171,150.
Alex Haley Pool—lower shower controls—materials in stock-$1,125
Cass Park —fire detection and alarm system—in design -$22,500
- replace kiddie pool pumphouse—in design, materials purchased -
$39,000
DPW Admin Building—install backflow prevention device—materials purchased -
$22,500
GIAC—repair masonry steps—90%complete-$22,500
Ithaca Police Department—replace fire detection and alarm system—in design -$50,775
Stewart Park Maintenance Bldg—improve woodstove, install fire separation, ADA and
Water Conservation Regulation bathroom improvements—under construction -
$35,250
In addition, repairs and improvements to lighting and stairwells at Green Street Garage and
Seneca Street Garage are being done under the contract for repairs to the Seneca Garage; this
project will be prepared for bidding within a month but the construction window is greater than
one year. This work is estimated at$91,500
"An Equal Opportunity Employer with an Affirmative Action Program" c�
CITY OF ITHACA
DEPARTMENT OF PUBLIC WORKS - STREETS & FACILITIES DMSION
245 Pier Road, Ithaca, New York 14850-3246
t
ycp,P``•.. ,,rr`�� RICHARD FERREL, ASST. SUPERINTENDENT OF PUBLIC WORKS rickf@ci.ithaca.ny.us
Po�AO Telephone: 607/272-1718 Fax: 607/272-4374
To: Budget and Administration Committee
From: Richard Ferrel—Asst. Supt. of Public Works
Date: January 4, 2000
Re: Implementing Supervisory Staff Raises Approved in 2000 Budget
The 2000 DPW Streets and Facilities Budget submission included staff
salary increase proposals for the positions of Supervisor of Streets, Motor
Equipment Maintenance Supervisor and the Building Systems and Solid
Waste Supervisor. The budget package included a justification letter
regarding the duties and workload for each position and my recommendation
of an eight percent wage increase for each of the supervisors. The cover
letter, submitted to the Mayor, Common Council and the Board of Public
Works, also addressed the requested wage adjustments. Although the
Streets and Facilities Budget was passed without specific discussion of these
wage increases, I hope that the Mayor and the Council Members had the
chance to review the submitted justification material.
At this time, I am requesting approval to implement the wages as passed in
the 2000 Budget. In order for you to review each request, a copy of the
justification letters, submitted with the budget proposal, have been attached.
Cc: Bill Gray— Supt. of Public Works
Schelley Michell-Nunn—Director of Human Resources
Tom West—Executive Unit President
"An Equal Opportunity Employer with a commitment to workforce diversification." 41W,
To: Mayor Cohen, Common Council, Board of Public Works
From: Richard Ferrel—Asst. Supt.of Public Works
Date: July 8, 1999
Re: Salary Adjustment for Supervisor of Streets
I have become aware that the Department's Supervisor of Streets is not receiving an
adequate wage for the responsibilities of the job and the amount of time required to
perform the duties. This position is responsible for planning work assignments and
supervision of 23 employees in the Highway Section. This supervisor routinely works a
50 hour week to manage the sections personnel and activities. During the winter months,
the crew is split into two shifts to cover snow removal activities which requires additional
effort. This title is covered under the Executive Unit Contract,whereby the employee is
not eligible for overtime wages. The Supervisor of Streets position assumes a great
amount of responsibility for planning and managing multiple projects, dealing with
emergency situations, coordinating staff and equipment and controlling the budgets of the
Highway Section accounts.
The current Supervisor of Streets, Ray Benjamin, was hired in December of 1995, at a
salary of$35,600 to replace retiring Henry Blake. Mr. Blake's 1995 wage was $45,537.
Ray Benjamin was selected for the position as he had a background in the construction
trades, is an experienced surveyor and has considerable road engineering experience. We
felt these qualities were needed in the Highway Section, in addition to basic planning and
supervision, so that the section did not require as much support from the overburdened
Engineering Staff. Mr. Benjamin's 1998 salary is$39,969. Ray is an asset to the
Department as he provides and performs much more than the basic requirements of the
position. The 2000 Budget proposes an eight percent salary increase, for the Supervisor
of Streets, which would boost the wage, to a level, near the amount that the General
Highway Supervisor earns with Tompkins County.
To: Mayor Cohen, Common Council, Board of Public Works
From: R. Ferrel—Asst. Supt. of Public Works
Date: July 27, 1999
Re: Requested Salary Adjustment for Motor Equipment Maintenance
Supervisor
The proposed 2000 Streets and Facilities Budget includes a salary
adjustment for the position of Motor Equipment Maintenance Supervisor.
This position is responsible for supervising ten employees, on two work
shifts, to maintain and repair over 400 pieces of City owned equipment. The
stock room operation is also under the supervision of the position and
includes maintaining the fuel dispensing system. The Motor Equipment
Maintenance Supervisor works closely with all departments who utilize the
garage services to schedule maintenance and repair work and when
replacing equipment.
The current Motor Equipment Maintenance Supervisor, Donald Parker, was
provisionally appointed to the position in April, 1997 and permanently
appointed in September 1998. Don began his employment with the
Department of Public Works in 1978 as an Automotive Mechanic. He was
promoted to the position of Automotive Mechanic Supervisor in 1990. Mr.
Parker has a thorough knowledge of all City owned vehicles and equipment
plus the operations of all sections within the Streets and Facilities Division.
In addition to his employment with the City of Ithaca, Don is a Non
Commissioned Officer in the US Army Reserves with the responsibility of
supervising heavy equipment maintenance. He is a great asset to the
Department.
At the time of Mr. Parker's appointment to the Motor Equipment
Maintenance Supervisor position, his wage was set at $34,500. His 1999
salary is $36,247. I believe his wage should be adjusted to reflect the
responsibilities of the position, to adequately pay him for overtime hours
worked and bring his salary close to the level of the other Streets and
Facilities supervisory staff. An 8% salary increase, for this position, has
been included in the 2000 Budget proposal for your consideration.
To: Mayor Cohen, Common Council, Board of Public Works
From: R. Ferrel—Asst. Supt. of Public Works
Date: July 2, 1999
Re: Salary increase request for Building Systems and Solid Waste
Supervisor in 2000 Department Budget
With the retirement of Jim Miller in 1997, his duties, as Building Systems
Supervisor, were assumed by the Solid Waste and Recycling Supervisor. A
new title was developed of Building Systems and Solid Waste Supervisor,
which is held by James Kelly. Mr. Kelly was given a 4% increase in salary
along with the increased responsibilities.
Jim Kelly's current wage is $38,467. I feel Mr. Kelly is not receiving
adequate compensation for the duties that he performs and the
responsibilities of the position. Jim supervises 28 employees, most of which
are assigned in satellite locations including the Commons, City Hall and the
parking structures. He is responsible for repairs to all City owned buildings
and coordination of such work with the building users. Mr. Kelly also
directly supervises the Traffic Control Section to coordinate street signage
and.striping operations. The Electrical Section has been assigned to the
Buildings System Supervisor for general supervision. Mr. Kelly is
responsible for employees that have both traditional and non-traditional
work hours which requires him to be available 24 hours per day, seven days
per week, to handle emergency problems and routine supervisory duties.
Mr. Kelly's performance has been outstanding in supervising the combined
job duties of Solid Waste Section and the Building Systems. He works well
with his crew members, other City Department staff and the general public
to address the problems for which he is responsible. I feel that a greater
salary increase was warranted when the two positions were combined and
Mr. Kelly's performance has reaffirmed my position.
Proposed in the DPW Streets and Facilities 2000 Budget is an 8% salary
increase for the Building Systems and Solid Waste Supervisor which, I feel,
adequately compensates for the responsibilities of the position and Mr.
Kelly's performance.