{"content":[{"text":"Tompkins County Industrial Development Agency \n Board of Directors Meeting Approved Minutes \n July 14, 2016 \n Tompkins County Legislative Offices \n 121 E. Court Street, Ithaca, NY","bbox":{"left":0.277609,"top":0.091955,"width":0.44789,"height":0.08867200000000001}},{"text":"Present:","bbox":{"left":0.1192,"top":0.198911,"width":0.06967900000000002,"height":0.01677899999999999}},{"text":"Jim Dennis, Jennifer Tavares, Martha Robertson, Rich John, Svante \n Myrick","bbox":{"left":0.295671,"top":0.198911,"width":0.53258,"height":0.03405099999999997}},{"text":"Staff Present:","bbox":{"left":0.1192,"top":0.251032,"width":0.11487899999999998,"height":0.01677899999999999}},{"text":"Heather McDaniel, Mariette Geldenhuys","bbox":{"left":0.295671,"top":0.251032,"width":0.32013400000000003,"height":0.01677899999999999}},{"text":"Guests Present:","bbox":{"left":0.1192,"top":0.28588,"width":0.131232,"height":0.01677899999999999}},{"text":"Leo McGratten (Therm, Inc.), Eric Goetzmann (Arrowhead)","bbox":{"left":0.295671,"top":0.28588,"width":0.4741869999999999,"height":0.01677899999999999}},{"text":"CALL TO ORDER","bbox":{"left":0.1192,"top":0.32044,"width":0.14513799999999996,"height":0.01776300000000003}},{"text":"Jim Dennis called the meeting of the Tompkins County Industrial Development Agency \n to order at 4:10 pm","bbox":{"left":0.1192,"top":0.355894,"width":0.752032,"height":0.03564200000000001}},{"text":"PRIVILEGE OF THE FLOOR","bbox":{"left":0.1192,"top":0.409228,"width":0.234521,"height":0.01776300000000003}},{"text":"None.","bbox":{"left":0.1192,"top":0.444985,"width":0.04827200000000001,"height":0.01776300000000003}},{"text":"BUSINESS","bbox":{"left":0.1192,"top":0.48044,"width":0.087725,"height":0.017762999999999973}},{"text":"Therm, Inc. – Final Approval","bbox":{"left":0.1192,"top":0.515894,"width":0.236627,"height":0.017762999999999973}},{"text":"An updated PILOT schedule was handed out. Leo McGratten from Therm joined the \n meeting. Ms. McDaniel outlined the supporting documents in the agenda packet regarding \n this project.","bbox":{"left":0.1192,"top":0.551349,"width":0.7541070000000001,"height":0.05321699999999996}},{"text":"Ms. Robertson asked about when the PILOT would begin. The project will be on the full tax \n roll for the 2018 Town/County and the 2018-­‐19 school tax roll, which is based on the tax \n status date of March 1st.","bbox":{"left":0.1192,"top":0.622561,"width":0.759711,"height":0.05321699999999996}},{"text":"Martha Robertson moved to grant final approval to the Therm, Inc. project. Jennifer \n Tavares seconded the motion. The motion was approved 5-­‐0.","bbox":{"left":0.1192,"top":0.69347,"width":0.749402,"height":0.03564199999999995}},{"text":"Arrowhead – Request for Extension","bbox":{"left":0.1192,"top":0.746803,"width":0.29745900000000003,"height":0.017762999999999973}},{"text":"Mr. Goetzmann joined the board at the table. Ms. McDaniel gave background of the project. \n Mr. Goetzmann wanted to build the BJs near the Ithaca Mall. The Village of Lansing very \n much wanted to re-­‐zone a portion of the land from commercial to housing in order to stop \n the commercial creep onto Oakcrest Road. Mr. Goetzmann agreed to build senior housing at \n that portion of the parcel. That parcel has some significant wetland issues. To mitigate the \n costs to deal with the wetland remediation, a PIF (PILOT increment financing) was created \n to take some of the taxes from the BJs parcel and hold it in escrow to help pay the debt \n service costs on the housing parcel. To date the housing project has had significant delays. \n The developer would like to increase the units from 12-­‐16 units.","bbox":{"left":0.1192,"top":0.782258,"width":0.764467,"height":0.15988399999999992}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}