I'd like to call to order a meeting of the Syracuse Industrial Development Agency.

We'll start with a roll call of the board.

I'm Kathy Murphy.

Ricky Brown.

Steve Thompson.

Proof of notice was properly served for this meeting.

And our first item on the agenda is a public hearing for Swanton Fulton Street LLC or 31 Gannett Drive.

Eric.

Good morning, everyone.

Oh, and let me just say, sorry, Eric, before we start.

You may notice that we are without counsel today.

I'm sure she's listening.

So we miss you soon.

But um What can we do with it?

Oh, we could do a lot.

Oh my gosh.

But should there be any item or any question or any concern?

Number one, she's available by phone.

Number two, we would of course double check it with counsel prior to final implementation.

Yeah, and her assistant ears are here, Gori.

So I'm pretty confident we're gonna be okay.

All right, Eric.

Absolutely.

All right, no, thank you.

Uh thank you and good morning, everyone.

So notice is hereby given uh that a public hearing pursuant to Section 859-A of the New York General Municipal Law will be held by the City of Syracuse Industrial Development Agency on the 16th day of September 2025 at 8 a.m.

local time at 233 East Washington Street in Common Council Chambers, City Hall, Syracuse, New York, in connection with the following matter.

Swanson Fulton LLC, or an entity to be formed, requested the agency undertake a project consisting of the following.

Uh as well as 52 outdoor gated parking spots.

As well as uh and this includes the acquisition and installation in and on the land and facility of furniture, fixtures, and equipment, and the granting of certain financial assistance in the form of exemptions from real property tax, state and local sales and use tax, and mortgage recording tax.

And the appointment of the company or its designee as an agent of the agency in connection with the acquisition, renovation, and equipping and completion of the project facility, and the lease of the land and facility by the agency pursuant to a lease agreement and the acquisition of an interest in the equipment pursuant to a bill of sale from the company to the agency, and the sublease of the project facility back to the company pursuant to a sublease agreement.

And the sublease of the project facility back to the company pursuant to a sublease agreement.

The company will be the initial owner or operator of the project facility.

And the agency will at the above stated time and place with all persons with views with respect to the proposed financial assistance to the company, the proposed owner operator, and the location of the project facility and the nature of the project.

So it's been a little while since I've had to read one of those.

Thank you, Eric.

Um the applicant Grazi Zazaro has joined us here this morning for the public hearing.

Grazi, I would ask you to come up and just give us a brief overview of your project.

I know it was described here.

Eric did it much better than I'll do it here.

Like you said, it's about 83,000 square feet.

It's been vacant for at least 25 years that I know of.

We've got plans in place.

We've got approval by the uh CPC, and uh we hope to just get the project underway hopefully by November, December this year.

What hurdles do you have in front of you?

Um intake meeting, full permit, uh, hopefully get approval from you folks for some some benefits and and hit the ground running.

What's the anticipated timeline again?

I forgot you told me last year.

It should be 12 to 13 month construction uh timeline, and it's looking like November or December start date.

So I'd say January 2027 should be done.

And Huber Brewer's the G Huber Bruce GC and Architects is the design team.

Great.

Yep.

And historic tax credits are the financing mechanism.

Yes.

Sounds like they're doing some work now and then the rest in the spring, but if they hit any hiccups or issues, it could get delayed, but whatever.

Out of your control by all definitely out of my control, but they're working away over there for sure.

Yeah, yeah.

Thanks, Grazi.

Any other questions, comments, concerns?

Thanks, Grazi.

Is there anyone here who wishes to speak in favor of the application?

Please come forward and state your name and address for the record.

Anyone who wishes to speak in opposition to the project, please come forward, state your name and address for the record.

Hearing none.

The hearing is closed.

Next item, minutes for our last meeting, which were included in the packet.

Our meeting was held August 19th of 2025.

Is there a motion?

Motion to approve by dark second.

Second recognition any comments, concerns, changes to the minutes.

Hearing none.

All in favor, please say aye.

Aye.

Opposed, abstention, motion carries.

Thank you.

Uh I just will briefly report that we held a finance committee meeting Tuesday, September 9th, uh, a week ago, at which uh meeting the finance members did a deep dive into a review of 311 GANAT and made a positive recommendation to the board for consideration.

We'll start with the approval of the resolutions authorizing the agency to undertake the project at 311.

Now I'm not sure who's doing that.

Eric, Lori.

Yeah, that'll that will be myself.

So I'm gonna do uh cover things that I normally do, and I'm also going to uh incorporate a lot of what Sue would normally cover during uh these conversations.

So uh included in the packet uh was the executive summary and overview of the project that we just had heard about as part of the public hearing, as well as the formal application for uh financial assistance and then the uh cost benefit analysis summary.

But the first resolution uh that is before you and improved included as part of the packet is the inducement resolution.

Uh this inducement resolution authorizes the agency to undertake the project uh as well as the company's um you know it would operate in an agency agreement with SIDA for the purposes of completing the project, as well as authorizes an agency agreement that will need to be signed by the project sponsor and by Grazi uh within the next 14 days.

Uh Grazi, just for your awareness.

Um, and then it also authorizes the benefits of the sales and use tax, uh, which in this project is a maximum of eight hundred and four thousand five hundred and twenty-five dollars, and then the mortgage recording tax, which is a maximum of a hundred and one thousand two hundred and fifty dollars.

So all of that is incorporated as part of the resolution.

Thank you, Eric.

Um, can I make one other just quick note?

Is that so included in and Grazi had mentioned the fact that the project has been before the um uh city planning commission?

This was deemed a type one action, but the city planning commission declared itself lead agency, so that review as part of SEECER has been undertaken.

So there that is one of the reasons why there's not a seeker resolution as part of this project, which sometimes when the SIDA needs to be laid agency, there normally would be uh a secret resolution.

So that's also spelled out within the resolution as well.

Cost benefit analysis is included in the packet.

Um I believe total project cost is approximately 22.

Am I right, Grazi?

22 to 25 million.

Uh all right.

Any questions, comments, or concerns?

Um inducement.

Hearing none, is there a motion?

Take a motion.

Motion made by Steve.

Second, second.

Ricky.

All in favor, please say aye.

Aye.

Opposed abstention, motion carries.

Next item on the agenda is the pilot resolution.

Okay.

So included uh in the packet as was noted is the copy of the pilot resolution.

A uh pilot schedule is included as part of the resolution and included as one of the attachments.

Uh, following the approval and authorization of the new UTEP or uniform tax exemption policy, the project qualifies for what is known as a additional five years.

Uh, and so the the overall term is a 20-year pilot uh because of the fact that the project is uh included as an eligible historic property.

Project is going for historic tax credit.

So ultimately that was included uh per the terms of the UTEP uh in the resolution uh and uh would would authorize the board and the agency uh to proceed with the pilot agreement as structured and with the pilot schedule that was included.

Um just also want to make the acknowledgement and point that the abatements uh are only um part of the improvements to the property, and that the property will continue to pay property taxes on the existing value of the structure as it always has.

Thank you.

Questions, comments.

Is there a motion to approve the pilot resolution?

I'll make a motion.

Made by Steve.

Is there a second?

Second, second, Ricky, thank you.

Last call for comments.

All in favor, please say aye.

Aye opposed abstention, motion carries.

Okay, and in keeping with uh normally what's included as part of project approvals, uh the final resolution authorizes CITAS Council to work directly with the uh project sponsors council to draft all the remaining legal and transaction documents that are necessary in order to confer the benefits that are being considered and have been discussed as part of uh CITA entertaining moving forward with the project and undertaking it.

Yep.

Questions, comments, concerns?

Motion made by Steve.

Sorry, second by Ricky, thank you.

All in favor, please say aye.

Aye proposed abstention, motion carries.

Grassi, thank you very much.

We look forward to seeing the work start.

Good luck.

Absolutely.

Thank you guys.

Yeah, any questions.

Let us know.

Yep.

Next item on the agenda, the McGuire Limited Partnership.

Um let me just go.

Do we have that?

We do a copy of the resolutions included in the packet.

Yeah, so before we start, I just want to say on this, uh, I believe this is a restructuring of the family partnership in terms of ownership on the project on Hiawatha Boulevard.

It does not unlike correct me if I'm wrong, Lori or Eric.

It does not incorporate new owners, it is a family restructuring within the family partnership.

That is correct.

Okay, anything?

Do you want to read it?

Yeah, just a brief very briefly explain.

Um, so the just the project, just so that everyone's familiar.

This is the McGuire dealership that included Chrysler, Dodge, and Jeep.

The project was clear was closed with the IDA or closed and then proceeded with construction back in 2020.

Uh so the project has fully been completed.

Back in January of 2025, we did bring a restructuring proposal to the board, which was authorized.

Uh, one of the reasons why is that the project was moving from a limited partnership, it was Meguire family LP and was transitioning and it was part of the corporate restructure to become a limited liability company or an LLC.

Lori and Sue have continued working with the legal council as part of this transaction.

Uh there's additional clarification and clarity that was necessary, and that ultimately is what led to modification of the resolution.

So that is being brought back before the board.

It is part of the same restructuring that we talked about, and that was um being considered earlier this year.

And so this resolution better clarifies and allows both legal councils to proceed.

But again, it is switching um that corporate restructure from the limited partnership that was existing while the project was under construction, transitioning to that LLC.

Um happy to take any additional questions, but that is kind of how things are laid out within the resolution as presented.

Are the individuals who were the general partners now the managers of the LLC?

So the same individuals that were involved in the limited partnership have transitioned into in terms of the principals as part of the LLC.

Who's running the business?

Is it general normally you'd have a general partner with limited partners?

Yeah.

In a limited partnership, and in the in an LLC, you have a manager and then you have members.

Okay so the people who are running the business as general partners are the you know probably doesn't make any way so well in my to my knowledge that the individuals are the same, but I think even the in terms of the corporate restructuring, the the primary principles or managing partners will be the same in terms of who was ideally the the management and day-to-day operations is still consistent with how it was laid out within the LP.

That's my understanding as well.

That the restructuring centered more on percentages within that location than people in charge.

Any other questions?

Comments?

Is there a motion to approve the resolution?

Make a motion.

Motion made by Ricky.

Is there a second?

Okay.

Second by Steve, thank you.

Last call for comments.

All in favor, please say aye.

Aye opposed, abstention.

Motion carry.

Thank you.

Next item on the agenda.

North Side Genesee.

Uh a request for a waiver on the project, which, as we all know, has started.

I believe Otis is here, who is the project manager for North Side.

If you want to come up, Otis, please, yes.

And Liza's here, Gary's here as well, representing Huber Brewer.

Um everyone.

Otis, good morning.

Name and address for the record, please.

Oh, it's the Luca 7676, Brown Golf Road, uh, Jamesville, New York.

Um, so we put a waiver in for a uh exception to the local access for the concrete foundation's uh slab work and reinforcement for the North Side project.

Um just give the board a little bit of background.

The project has been in bid stage now for over two years.

Um last year it was bid and was scheduled to go into construction.

It was bid last April, it was scheduled to go into construction last May.

Um there was an issue with the financing with the owners, so the entire project was mothballed, re uh, and then we got their financing in order, and we we started again this spring.

Um so as part of that effort, we had bid it extensively.

We had made you know verbal commitments to contractors that they were gonna get the work.

Um the project you know stalled.

Uh a year later, we reached out to that same group of contractors.

We said, look, we're ready to go again.

It was a year later, we realized pricing changes.

Can you please take a look at it again, reaffirm your pricing?

Uh so that's sort of the background of where we landed.

Um as it relates to the uh concrete foundation's slab work and reinforcement.

We put the project uh initially out to 23 bidders.

Um sixteen were within the local access, uh, seven were not.

We received bids from uh eight, fifteen uh did not uh uh did not submit bids when we put it out for the uh the re reaffirmation of pricing, uh same 23, um 18 uh uh declined to bid, and we received bids from five contractors.

Um the five, huh?

Were any local?

Uh yes.

So of the five one, two, three, four were local.

Yeah, all but one were local.

Um the basic gist of it is the other contractors that didn't reaffirm their pricing, they had become busy over the last year, and they just said we just can't do it.

They they picked up additional work.

Um we had multiple, there were three contractors in particular that we had multiple conversations, uh, phone conversations over you know, four to six weeks.

How can we make this work?

Can we can we can we separate out just the foundation package?

Can we separate out just the the uh reinforcement package, the slab package, like how do we make this work?

And we and everybody, you know, everybody just said they couldn't they couldn't do it.

They were just too busy to do it at the present time.

Correct.

They had picked up additional work and they just they didn't have the manpower to do it.

Yeah, confided them.

Um they had said that they they would be able to do it if they if it was like a fall start or something like that, but their their spring and summer has was already booked.

So understand.

Yeah, the only additional thing.

Uh so there was a letter provided by Huber Brewer that that explains this in more detail, but just one of the only other things I'll note to build on what Otis shared.

Uh, the total value of the foundation work as part of the request, and again, the the contractor being Ragoni Foundations, it's approximately 3.5 million.

That's approximately 5.4% of the overall total construction costs.

Correct.

Um they were in line with what we would expect with inflation.

Okay.

Question.

Can you just clarify briefly, Otis?

For me, the I know we discussed this.

There's a sentence in the letter.

We put most aspects of the project out to bid.

Just and you and I did discuss this when we received the letter, just for the record.

Yeah, what Kathy's referring to is like the first portion of the second paragraph of the letter.

Uh we indicated that most of the project was put out to bid.

Um we put that in there to kind of qualify that we do self-performed things from time to time, and we have uh portions of the project that uh Huber Brewer would self-perform, or an agent of the owner would self-perform.

That's what that comment was about.

Like Otis said to me, like heat in the trailer.

Yeah, trailers, buff boys, temporary heat, um, you know, safety, progress cleaning, um if there's any infill carpentry work that like scope gaps, something like that, we would pick that up rather than put that out to bid.

Great.

Thank you.

Any other questions or comments?

Well, Derek.

I think it may be a stupid question, but of the three and a half million dollars.

Maybe this is a question for Eric.

How much of it is uh materials and how much of it is labor that's not gonna be local labor.

Maybe that's a question for us.

I don't know.

Yeah, I do 5.4%.

I can give you kind of a like a rule, like a like a shoot from the hip kind of answer.

I don't have the actual figures on that.

Um it would probably be uh roughly 35-40 percent, something like that.

35 or 40 is material or 35, 40 percent is material.

Would be the material portion of that.

Um, and uh just to note so the um the reinforcing bar is coming from uh new core, which is outside of the uh outside of the local access, but all the concrete is portion is purchased from uh local, yeah.

From local concrete companies.

So that that 35 to 40 percent if you're considering that would come down by another you know 10-15 percent.

As you know, Otis, and we appreciate Huber Brewer's continued commitment to working very hard on local very important, local contractors, local vendors, local material, that's that.

So any other questions, comments?

Is there a motion to approve?

Thank you, Ken.

Second, second second, Ricky, last call for questions, comments.

All in favor, please say aye.

All right, opposed abstention, motion carries.

Thanks, Otis.

Thank you all.

Thank you, Gary, thank you, I'll um I would just note, Carrie, I meant to mention it to Grozzi.

I are I don't know who's the project manager for Grossi's project, but he will need to see the new policies that you all know very well now, just so he has them ahead of all of his bidding.

That's great.

Okay, then I'll trust you'll stay on top of it.

Great, thank you.

Um other questions, comments, business.

Are we good?

Oh, this this covers everything that I had.

So we have not totally destroyed anything.

You know what?

I one just the only yeah, I'm sorry, and to channel Sue for anyone that's in attendance today.

We do have a sign-in sheet in the back, so we do just want to make sure that we uh we make note of everyone that was here.

So that's all for me.

Lori?

We're good, good.

Okay.

Motion to adjourn.

Make a motion.

Opposed, abstention, motion carries.

Thank you all so much.

Congratulations, Odin.

Hope we'll see you again.