City Council

TROY CITY COUNCIL FINANCE MEETING AGENDA January 5th 2023 6:30 P.M. Pledge of Allegiance Roll Call Presentation of Agenda Public Forum RESOLUTIONS 1. Resolution Setting The Dates Of The Next Twelve Regular Monthly Meetings Of The Troy City Council (Council President Mantello) (At The Request Of The Administration) 2. Resolution Appointing A Commissioner Of Deeds For The City Of Troy (Council President Mantello) 3. Resolution Of The Troy City Council Approving And Endorsing The Application Of The City Of Troy, New York, To The Empire State Development Corporation For Funding Under The Restore Ny Communities Initiative Grant Program (Council President Mantello) (At The Request Of The Administration) 1  RES1 RESOLUTION SETTING THE DATES OF THE NEXT TWELVE REGULAR MONTHLY MEETINGS OF THE TROY CITY COUNCIL ______________________________________________________________________________ BE IT RESOLVED, that pursuant to § C-19 of the City Charter, the following dates are set for the regular monthly meetings of the Troy City Council to be held in the year 2023 and in January 2024: Regular Council Meetings, 7:00 p.m. February 2, 2023 March 2, 2023 April 6, 2023 May 4, 2023 June 1, 2023 July 6, 2023 August 3, 2023 September 7, 2023 October 5, 2023 November 2, 2023 December 7, 2023 January 4, 2024 Approved as to form, ________________________, 2023 ______________________________________________ Richard T. Morrissey, Corporation Counsel  RES2 RESOLUTION APPOINTING A COMMISSIONER OF DEEDS FOR THE CITY OF TROY BE IT RESOLVED, that the Troy City Council hereby appoints the following named individual, further identified in the application attached hereto and made a part hereof, as Commissioner of Deeds for the City of Troy, for a two-year term beginning on January 6, 2023, and ending on January 5, 2025. John Van Alstyne 266 Pawling Avenue Troy, NY 12180 Approved as to form, ________________________, 2023 ______________________________________________ Richard T. Morrissey, Corporation Counsel RES2  RES3 RESOLUTION OF THE TROY CITY COUNCIL APPROVING AND ENDORSING AN APPLICATION TO THE EMPIRE STATE DEVELOPMENT CORPORATION FOR FUNDING UNDER THE RESTORE NEW YORK COMMUNITIES INITIATIVE GRANT PROGRAM _____________________________________________________________________________ WHEREAS, the City of Troy is applying to the Empire State Development Corporation for a grant under the Restore New York Communities Initiative; and WHEREAS, the application requests funding to undertake demolition and infrastructure work at 1818 Fifth Avenue, tax parcel 101.53-6-1 owned by Troy 1818, LLC, an entity which is managed by Rosenblum Development Corporation; and WHEREAS, Rosenblum Development Corporation is currently collecting stakeholder feedback that can inform the project design and will be presenting a project to the Planning Commission for redevelopment of this site with a four-story residential building, which will necessitate the demolition of the existing vacant bank building and providing the necessary infrastructure updates to allow for this redevelopment; and WHEREAS, the property owner, Troy 1818, LLC, has committed to providing the required match for this grant; and WHEREAS, the application requires that the City pass a Resolution finding that the proposed project is consistent with the municipality’s local revitalization or urban development plan; that the proposed financing is appropriate for the specific project; that the project facilitates effective and efficient use of existing and future public resources so as to promote both economic development and preservation of community resources; and the project develops and enhances infrastructure and/or other facilities in a manner that will attract, create, and sustain employment opportunities where applicable. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Troy, New York, finds that the proposed project is consistent with the City of Troy’s local revitalization or urban development plan; that the proposed financing is appropriate for the specific project; that the project facilitates effective and efficient use of existing and future public resources so as to promote both economic development and preservation of community resources; and the project develops and enhances infrastructure and/or other facilities in a manner that will allow for appropriate reuse and redevelopment of this real property parcel, and that will create and sustain employment opportunities; and BE IT FURTHER RESOLVED, that the Troy City Council approves and endorses the application for a grant under the Restore New York Communities Initiative for demolition and infrastructure work for the 1818 Fifth Avenue parcel in an amount not to exceed the maximum grant amount of three million dollars ($3,000,000.00) and upon approval of the grant, to enter into and execute a project grant agreement with the Empire State Development Corporation and an agreement with the project developer, subject to inclusion of such terms, conditions, and provisions as may be required and approved by Corporation Counsel for the protection of the City and the public. Approved as to form, __________________, 2023 ____________________________________________ Richard T. Morrissey, Corporation Counsel  RES3 WM. Patrick Madden Steven Strichman Mayor Commissioner of Planning & Economic Development Christopher Nolin Deputy Mayor Department of Phone: (518) 279-7166 Planning & Economic Development Fax: (518) 268-1690 Steven.Strichman@troyny.gov City Hall 433 River Street Troy, New York 12180 To: City Council From: Steven Strichman Date: November 8, 2022 Re: RESTORE NY Communities Initiative, Round 6 – Rosenblum – 5th Ave. An important goal of Restore NY is to revitalize urban centers, rural areas, and disadvantaged communities, with a focus on projects that have unique costly demolition components. This proposal is round 2 (of 2) with the City having previously applied for the Sperry Building demo in round 1 and awaiting a decision from ESD. Rosenblum Development plans to redevelop 1818 5th Avenue, site of the former Citizen’s bank suburban style drive-through, with a four-story apartment building. There is currently some community concern and Rosenblum has scheduled a public meeting to address questions and collect feedback that can inform the project design, which, at the time of this memo, is coming up on Wednesday, 11/8, 2022. The City is eligible for up to $3 million towards demolition and remediation of the site with a 10% minimum match. Rosenblum Development will be responsible for the preparing the grant, and supplying the application fee as well as the match. However, the project will be submitted by the City of Troy. (As we have previously done with the Marshall Ray Building, Proctors, and the Chazan Building). Timeline: • Submit an “intent to apply” by November 30, 2022 • November Finance/Dec Council: o Discuss project and grant application o Call for public hearing and publish • December o Hold Public Hearing o Publish notices of property • January 5 – Council approves submission • January 27 – application due to NYS