Troy Local Development Corporation

Kevin O’Bryan, Chairman Andrew Ross, Vice Chairman Steven Strichman, Executive Director Dep. Mayor Monica Kurzejeski John Donohue TROY LOCAL DEVELOPMENT CORPORATION Board of Directors Meeting Planning Department Conference Room City Hall 433 River Street, Suite 5001 Troy, New York 12180 October 27, 2017 8:30 a.m. AGENDA I. Approval of Minutes from September 15, 2017 board meeting. II. IDA and LDC Economic Development Services Agreement III. Ilium Café – BDAP Application and Authorizing Resolution IV. Monolith Solar V. Budget VI. Executive Director Report VII. Financials VIII. Old Business IX. New Business X. Adjournment  TROY LOCAL DEVELOPMENT CORPORATION Board of Director Meeting Minutes September 15, 2017 8:30 a.m. BOARD MEMBERS PRESENT: Kevin O’Bryan, Steve Strichman, Hon. Monica Kurzejeski and Andy Ross ABSENT: Hon. John Donohue ALSO IN ATTENDANCE: Justin Miller, Cheryl Kennedy, Mary Ellen Flores, Jim Lozano and Denee Zeigler Minutes D The Chairman called the meeting to order at 8:30 a.m. I. Minutes R The board reviewed the minutes from the July 14, 2017 board meeting. T Steve Strichman made a motion to approve the July 14, 2017 board meeting minutes. AF Hon. Monica Kurzejeski seconded the motion, motion carried. II. IDA and LDC fee sharing agreement Mr. Strichman gave the board an update about the fee sharing program between the IDA and LDC. He added that the project at 444 River Street; which was facilitated by the LDC, started the conversation of a fee sharing program. The chairman noted that we will work over the next few months on putting together a policy outlining the program. Andy Ross added that we should continue the discussions with all parties involved to make sure it is clear to all. III. Atlantic Testing and Provincial Contracting Services Mr. Strichman advised the board the estimated cost of removal and decontamination of the excavator on site would be $15,532; $12,600 for Provincial Contractor Services to decontaminate and move the piece of equipment to the designated area on site and $2,932 for asbestos project monitoring and air sampling by Atlantic Testing. He added that as of today the decontamination is done, but it is still not moved off of the site. The board advised that after September 21st it will become LDC property and will be removed and scrapped. Andy Ross made the motion to approve payment to both Provincial Contractor Services in the amount of $12,600 and to Atlantic Testing in the amount of $2,932. 1  Monica Kurzejeski seconded the motion, motion carried. IV. City of Troy - Small Business Summit Mr. Strichman spoke to the board about the event that took place last year; it was very successful and it has enabled funding to come from other sources. Mrs. Kennedy advised that we received excellent feedback from last year’s event. She advised that they were encouraged to expand the programming as well as the length of time of the event. There will be a keynote speaker again this year, a gaming in Troy panel, two separate tracks for the breakout groups; one for retail and restaurants and the other for general service management. Mrs. Kennedy advised that in the afternoon there will be a primer for Troy small business. She added that from 4 pm – 5 pm they will hold a smaller event upstairs from the main event where they hope to work with One Troy and ESPRY to talk about poverty initiatives and employing from within the community. Mrs. Kennedy advised that they have partnered with the Tech Valley Center of Gravity for use of the space and Ignite U has donated their space for the breakout mixer. She advised that both places have been very engaged in the planning process this year and we have been able to keep costs down. The chairman noted that this event is worthwhile of the LDC’s sponsorship and thinks it has a definite impact on the businesses of the city, but noted that the LDC is D at a place where we need to generate more revenue and keep an eye on outgoing funds and grants. Justin Miller asked about how the event is set up and the sponsorship relates to the LDC. Mrs. Kennedy advised that the City of Troy puts the R event on and the LDC is used as a pass through for the sponsorship funds; the sponsorship checks are deposited and then invoices are paid only from the checks received. The board had a general discussion about how the event will be set up as related to the LDC. Mr. Lozano advised that a separate account can be set up in our T systems to keep the funds separate from other LDC accounts and still track all deposits and withdrawals. Mrs. Kennedy advised that as the event grows, they may AF have to make changes to the set up. Andy Ross made a motion to approve the sponsorship to the City of Troy’s Small Business Summit in the amount of $2,500. Monica Kurzejeski seconded the motion, motion approved. V. Victorian Stroll Mr. Strichman advised that a request came in from the Rensselaer County Chamber of Commerce to be a sponsor for this year’s Victorian Stroll that wasn’t able to make it on the agenda. He advised that we have sponsored the event for several years. Andy Ross made the motion to approve the sponsorship of the Victorian Stroll in the amount of $5,500. Steven Strichman seconded the motion, motion carried. VI. RFP for Auditing Services Mr. Strichman spoke about the RFP that will be sent out for auditing services. He advised that last year we had to send out a last minute request and now need to send out a request for a longer term contract. VII. Executive Directors Report 2  The Enchanted City - Mr. Strichman noted that one of the events we sponsor, The Enchanted City, is tomorrow. The board had a general discussion about the event and encouraged everyone to check it out. 444 River Street – Mr. Strichman advised that we had the closing and the project is moving forward. County Waste - Mr. Strichman advised that the City recently did a solar project where panels were put on municipal buildings. He advised that Monolith solar will be doing the same thing with the County Waste building; one of our PILOT properties. Mr. Strichman noted that there may be two loans coming in front of the board; the Ilium Café expansion and DeFazio’s in Little Italy. Delinquent Loans - The chairman asked about one of the loans on the delinquency report. Rare Form Brewing - Mr. Strichman advised that he will be reaching out to Kevin to discuss. The Balance Loft - The board asked about the Balance Loft loan that we have a judgement against. The board asked if we can write that one off yet. The chairman D advised that this loan should be charged off because we haven’t received any payments for the past year. Mr. Lozano advised that we can take the amount outstanding out of the reserves and if we recover any funds, they will go back R through income. Troy Kitchen – Mr. Strichman advised that their payments have been consistently coming in. Mrs. Flores advised we have not received the September payment as of T today. AF Hudson River Product Recycling – Mr. Strichman advised that we have not received rent payments for August and September. Mr. Miller advised that we have a settlement agreement that said he had to be out by the end of June or pay $3,000 a month. The chairman advised that we may see a project coming in front of the board regarding a cloth business that has done work in New York City and is looking to move back to the area. VIII. Financials Ms. Flores that accounts receivable is up to $300,000, which is Vecino’s loan for 444 River Street and advised it will show up next month as a receivable. The board asked about the loan loss reserve we have established and asked how this loan payoff will affect it. The chairman advised we can discuss next month when the payment shows as received in our accounts and if there are any write offs that need to occur. Mr. Lozano advised that the amount in reserves is still pretty high considering the loans we have out. Ms. Flores advised that the Small Business Summit funds are under the line item bank deposits held. She advised that will be moved into a different class. Mrs. Flores also advised that $174,000 was paid for the Section 108 HUD loan. The board had a general discussion about the continued loan payments and the current funds. Andy Ross asked about the unearned revenue line item that has been the 3  same each month. Mrs. Flores advised that the unearned revenue is Hudson River Recycling’s yearly rent that would come in and each month $250 would come off. She advised that August has accrued, but not paid yet. The chairman asked about the line item titled grants payable. Mrs. Flores advised yes that line item represents the façade grants and a small grant for composting. Mr. Strichman advised that they were all given until the end of September to complete the projects. The board had a general discussion about the details of the façade program. Ms. Flores discussed the profit & loss sheet. She advised that there is a loss for the month in the amount of $25,000, which is made up of 2 PILOTs paid and $9,000 in accounting fees. The chairman asked why the tax LDC is paying taxes for properties that they own now that we are tax exempt. Mr. Miller explained that if we own property and use it for our own offices, it would be tax exempt. He added that once there is a lease on the property it cannot be tax exempt. Mr. Miller spoke about the lease agreement with the last tenant at the King Fuels site and noted that it was set up to take in account the ups and downs of the site. The board had a general discussion about the PILOTs they currently have and the possibility of eliminating one. The chairman advised we will discuss more at the next meeting. D Mr. Miller advised that we are now able to apply for refunds for the taxes we have paid for the past five years. Mr. Lozano advised that the requests have been sent in. R Andy Ross made a motion to approve the financials as presented. Hon. Monica Kurzejeski seconded the motion, motion carried. T IX. Old Business - No old business to discuss. AF X. New Business – No new business to discuss. XI. Adjournment With no additional business to discuss, the meeting was adjourned at 9:30 a.m. Andy Ross made a motion to adjourn the meeting. Hon. Monica Kurzejeski seconded the motion, motion carried. 4  list all Bank account information: Bank Name Checkinq Savinqs Other Balance YH n e e< c__x_ Y �·\{t\'\f �.r S\--h.,.,, list all sources of project funding, and dollar amount and use (s) of funds requested. Source of Funds Use of Funds Dollar Amount f'(\f'u'"U \v. <r.. U,-., \ .0 i C \., �I?,,-, x''CNf't'.\- .:JC\ C\C\0 �'(i t"'L'P\ J(\( \.e.(A CL J �\.._\.Qv..) {) ,-f, l .: (_-\, ._, S ,·("ll')D Total Project Cost 4. S, 6 CJ(\ Total Funds Requested ;;l G, O Cl\ Total Owner Equity 'aS-, a()t'J Description of Collateral Offered: Collateral $ Value Mortqaqe/Lien $ Value i:.. \ \ � \) '"' Cc-,� (-P � 00/\ �·{\(\, f"\r,Y'\P Outstanding Debt (List all loans, credit cards, lines of credit, installment debt, leases, and mortgages)  AUTHORIZING RESOLUTION (Puravida Culinary Group, LLC – Loan Agreement) A regular meeting of the Troy Local Development Corporation was convened on October 27, 2017, at 8:30 a.m. The following resolution was duly offered and seconded, to wit: Resolution No. ______________ RESOLUTION OF THE TROY LOCAL DEVELOPMENT CORPORATION AUTHORIZING (i) THE ISSUANCE OF A $15,000.00 LOAN TO PURAVIDA CULINARY GROUP, LLC WITH RESPECT TO A CERTAIN PROJECT (AS DEFINED HEREIN) AND (ii) THE EXECUTION AND DELIVERY OF A LOAN AGREEMENT AND RELATED DOCUMENTS. WHEREAS, The Troy Local Development Corporation (the “Corporation”) is a duly- established, not-for-profit local development corporation of the State pursuant to Section 1411(h) of the Not-for-Profit Corporation Law (“N-PCL”) and a Certificate of Reincorporation filed on April 5, 2010 (the “Certificate”) established for the charitable and public purposes of relieving and reducing unemployment, promoting and providing for additional and maximum employment, bettering and maintaining job opportunities, instructing or training individuals to improve or develop their capabilities for such jobs, by encouraging the development of, or retention of, an industry in the community or area, and lessening the burdens of government and acting in the public interest; and WHEREAS, PURAVIDA CULINARY GROUP, LLC (the “Company”), has requested assistance from the Corporation in connection with a certain project (the “Project”) consisting of the use of working capital to create a fast style gourmet Mexican restaurant located at 7 Broadway, Troy, New York; and WHEREAS, in furtherance of the Project, the Company has requested financing from the Corporation in the form of a $15,000.00 Loan (the “Loan”) to assist the Company to undertake the Project; and WHEREAS, the Corporation desires to authorize the issuance of the Loan, the terms of which have been presented at this meeting, and approve the execution and delivery of a Loan Agreement (“Agreement”), along with related documents, to memorialize the terms and conditions by which the Loan shall be extended by the Corporation, including the repayment thereof and security therefore. NOW, THEREFORE, BE IT RESOLVED BY THE DIRECTORS OF THE TROY LOCAL DEVELOPMENT CORPORATION AS FOLLOWS: Section 1. The Corporation hereby authorizes the provision of the Loan to the Company in furtherance of the Project. The Chairman, Vice Chairman and/or the Chief Executive Officer of the Corporation are hereby authorized, on behalf of the Corporation, to execute and deliver a Loan Agreement, along with related documents (collectively, the “Loan Documents”), in such form as prepared and approved by counsel to the Corporation and as approved by the Chairman, Vice Chairman and/or the Chief Executive Officer. Section 2. The Secretary or Assistant Secretary of the Corporation are hereby authorized, where appropriate, to affix the seal of the Corporation to the Loan Documents and to attest the same, all with such changes, variations, omissions and insertions as the Chairman, Vice Chairman and/or Chief Executive Officer of the Corporation shall approve, and the execution thereof by the Chairman, Vice Chairman and/or Chief Executive Officer of the Corporation to constitute conclusive evidence of such approval. Section 3. The officers, employees and agents of the Corporation are hereby authorized and directed for and in the name and on behalf of the Corporation to do all acts and things required and to execute and deliver all such checks, certificates, instruments and documents, to pay all such fees, charges and expenses and to do all such further acts and things as may be necessary or, in the opinion of the officer, employee or agent acting, desirable and proper to effect the purposes of the foregoing resolutions and to cause compliance by the Corporation with all of the terms, covenants and provisions of the documents executed for and on behalf of the Corporation. Section 4. These Resolutions shall take effect immediately. The question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows: Yea Nea Absent Abstain Kevin O’Bryan [ ] [ ] [ ] [ ] Andrew Ross [ ] [ ] [ ] [ ] Monica Kurzejeski [ ] [ ] [ ] [ ] Steven Strichman [ ] [ ] [ ] [ ] John Donohue [ ] [ ] [ ] [ ] The Resolution was thereupon duly adopted. 2 STATE OF NEW YORK ) COUNTY OF RENSSELAER ) ss.: I, the undersigned Secretary of the Troy Local Development Corporation, DO HEREBY CERTIFY: That I have compared the annexed extract of minutes of the meeting of the Troy Local Development Corporation (the " Corporation "), including the resolution contained therein, held on October 27, 2017 with the original thereof on file in my office, and that the same is a true and correct copy of the proceedings of the Corporation and of such resolution set forth therein and of the whole of said original insofar as the same related to the subject matters therein referred to. I FURTHER CERTIFY, that all members of said Corporation had due notice of said meeting, that the meeting was in all respects duly held and that, pursuant to Article 7 of the Public Officers Law (Open Meetings Law), said meeting was open to the general public, and that public notice of the time and place of said meeting was duly given in accordance with such Article 7. I FURTHER CERTIFY, that there was a quorum of the members of the Corporation present throughout said meeting. I FURTHER CERTIFY, that as of the date hereof, the attached resolution is in full force and effect and has not been amended, repealed or modified. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said Corporation this _______ day of ______________, 2017. Secretary [SEAL] 3  AUTHORIZING RESOLUTION (Monolith Solar Associates LLC Lease) A regular meeting of the Troy Local Development Corporation was convened on ________, 2017, at 8:30 a.m. The following resolution was duly offered and seconded, to wit: Resolution No. ______________ RESOLUTION OF THE TROY LOCAL DEVELOPMENT CORPORATION AUTHORIZING THE EXECUTION AND DELIVERY OF A LEASE AGREEMENT AND RELATED DOCUMENTS. WHEREAS, The Troy Local Development Corporation (the “Corporation”) is a duly- established, not-for-profit local development corporation of the State pursuant to Section 1411(h) of the Not-for-Profit Corporation Law (“N-PCL”) and a Certificate of Reincorporation filed on April 5, 2010 (the “Certificate”) established for the charitable and public purposes of relieving and reducing unemployment, promoting and providing for additional and maximum employment, bettering and maintaining job opportunities, instructing or training individuals to improve or develop their capabilities for such jobs, by encouraging the development of, or retention of, an industry in the community or area, and lessening the burdens of government and acting in the public interest; and WHEREAS, MONOLITH SOLAR ASSOCIATES, LLC (the “Company”), is proposing to enter into a power purchase agreement (the “PPA”) with the City of Troy (the “City”) for the sale and purchase of solar generated electricity; and WHEREAS, the Company in furtherance of the PPA with the City has requested a twenty (20) year lease from the Corporation for certain property located at 77 Water Street, Troy, NY 12180, Tax ID # 111.76-1-1.12 (the “Property”) consisting of (i) roof space capable of supporting up to a 400,000 watt solar electric power generating system (the “PV System”), (ii) land for the installation of a pad mounted transformer, (iii) land for the installation of System A&B PV metering and (iv) land for the installation of Systems A and B inverters (the “Premises”); and WHEREAS, the Corporation currently leases the Property to County Waste Transfer Corporation pursuant to an Amended and Restated Lease Agreement dated as of January 1, 2009 that terminates on December 31, 2024 and has two (2) five (5) year renewal options through December 31, 2034: and WHEREAS, contingent upon the consent and attornment by County Waste Transfer Corporation (the “Consent and Attornment Agreement”), the Corporation desires to authorize the leasing of the Premises to the Company, the terms of which have been presented at this meeting, and approve the execution and delivery of a Lease Agreement (the “Lease Agreement”), attached hereto as Exhibit A, along with related documents, to memorialize the terms and conditions by which the Premises are being leased to the Company by the Corporation (the “Project”); and WHEREAS, pursuant to the State Environmental Quality Review Act, as codified under Article 8 of the Environmental Conservation Law and Regulations adopted pursuant thereto by the Department of Environmental Conservation of the State (collectively, “SEQRA”), the Corporation has identified the undertaking of the Project as an “Unlisted Action”, as defined pursuant to SEQRA and the Company has prepared an Environmental Assessment Form (“EAF”), a copy of which is attached hereto as Exhibit B; and WHEREAS, pursuant to Sections 2897(6)(c)(ii) and 2897(6)(d)(i)(C) of the NYS Public Authorities Law, the Corporation is (i) exempt from publicly advertising for bids because the estimated fair market value of the leased Premises is less than $15,000.00 and (ii) exempt from filing a 90 Day Notice as the and the annual rent over the term of the Lease Agreement will not exceed $15,000; and NOW, THEREFORE, BE IT RESOLVED BY THE DIRECTORS OF THE TROY LOCAL DEVELOPMENT CORPORATION AS FOLLOWS: Section 1. Based upon a review of the Project and the EAF submitted to the Corporation, the Corporation hereby: (i) declares itself lead agency for an uncoordinated review of the Project, within the meaning of, and for all purposes of complying with SEQRA; (ii) accepts the EAF pursuant to SEQRA with respect to the construction, equipping and leasing of the Facility pursuant to SEQRA; and (iii) finds that the Project involves an “unlisted action” (as such quoted term is defined under SEQRA). The review is “uncoordinated” (as such quoted term is defined under SEQRA). Based upon the review by the Corporation of the EAF and related documents delivered by the Company to the Corporation and other representations made by the Company to the Corporation in connection with the Project, the Corporation hereby finds that (i) the Project will result in no major impacts and, therefore, is one which may not cause significant damage to the environment; (ii) the Project will not have a “significant effect on the environment” (as such quoted term is defined under SEQRA); and (iii) no “environmental impact statement” (as such quoted term is defined under SEQRA) need be prepared for this action. This determination constitutes a “negative declaration” (as such quoted terms are defined under SEQRA) for purposes of SEQRA. Section 2. The Corporation hereby authorizes the leasing of the Premises to the Company contingent upon the receipt of the Consent and Attornment Agreement fully executed by and among County Waste Transfer Corporation, the Company and the Corporation and pursuant to a Lease Agreement, substantially in a form attached hereto as Exhibit A. Upon receipt of the fully executed Consent and Attornment Agreement, the Chairman, Vice Chairman 2 and/or the Chief Executive Officer of the Corporation are hereby authorized, on behalf of the Corporation, to execute and deliver the Lease Agreement, along with related documents (collectively, the “Lease Documents”), in such form as prepared and approved by counsel to the Corporation and as approved by the Chairman, Vice Chairman and/or the Chief Executive Officer. Section 3. The Secretary or Assistant Secretary of the Corporation are hereby authorized, where appropriate, to affix the seal of the Corporation to the Lease Documents and to attest the same, all with such changes, variations, omissions and insertions as the Chairman, Vice Chairman and/or Chief Executive Officer of the Corporation shall approve, and the execution thereof by the Chairman, Vice Chairman and/or Chief Executive Officer of the Corporation to constitute conclusive evidence of such approval. Section 4. The officers, employees and agents of the Corporation are hereby authorized and directed for and in the name and on behalf of the Corporation to do all acts and things required and to execute and deliver all such checks, certificates, instruments and documents, to pay all such fees, charges and expenses and to do all such further acts and things as may be necessary or, in the opinion of the officer, employee or agent acting, desirable and proper to effect the purposes of the foregoing resolutions and to cause compliance by the Corporation with all of the terms, covenants and provisions of the documents executed for and on behalf of the Corporation. Section 5. These Resolutions shall take effect immediately. The question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows: Yea Nea Absent Abstain Kevin O’Bryan [ ] [ ] [ ] [ ] Andrew Ross [ ] [ ] [ ] [ ] Monica Kurzejeski [ ] [ ] [ ] [ ] Steven Strichman [ ] [ ] [ ] [ ] John Donohue [ ] [ ] [ ] [ ] The Resolution was thereupon duly adopted. 3 STATE OF NEW YORK ) COUNTY OF RENSSELAER ) ss.: I, the undersigned Secretary of the Troy Local Development Corporation, DO HEREBY CERTIFY: That I have compared the annexed extract of minutes of the meeting of the Troy Local Development Corporation (the " Corporation "), including the resolution contained therein, held on __________, 2017 with the original thereof on file in my office, and that the same is a true and correct copy of the proceedings of the Corporation and of such resolution set forth therein and of the whole of said original insofar as the same related to the subject matters therein referred to. I FURTHER CERTIFY, that all members of said Corporation had due notice of said meeting, that the meeting was in all respects duly held and that, pursuant to Article 7 of the Public Officers Law (Open Meetings Law), said meeting was open to the general public, and that public notice of the time and place of said meeting was duly given in accordance with such Article 7. I FURTHER CERTIFY, that there was a quorum of the members of the Corporation present throughout said meeting. I FURTHER CERTIFY, that as of the date hereof, the attached resolution is in full force and effect and has not been amended, repealed or modified. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said Corporation this _______ day of ______________, 2017. Secretary [SEAL] 4  Short Environmental Assessment Form Part 1 - Project Information Instructions for Completing Part 1 - Project Information. The applicant or project sponsor is responsible for the completion of Part 1. Responses become part of the application for approval or funding, are subject to public review, and may be subject to further verification. Complete Part 1 based on information currently available. If additional research or investigation would be needed to fully respond to any item, please answer as thoroughly as possible based on current information. Complete all items in Part 1. You may also provide any additional information which you believe will be needed by or useful to the lead agency; attach additional pages as necessary to supplement any item. Part 1 - Project and Sponsor Information Name of Action or Project: Monolith Solar Associates, LLC Lease Project Location (describe, and attach a location map): 77 Water Street, Troy, New York 12180 - Tax ID# 111.76-1-1.12 Brief Description of Proposed Action: Monolith Solar Associates, LLC (the "Company") is seeking to enter into a twenty (20) year lease from the Troy Local Development Corporation for certain property located at 77 Water Street, Troy, NY 12180, Tax ID # 111.76-1-1.12 (the “Property”) consisting of (i) roof space capable of supporting up to a 400,000 watt solar electric power generating system (the “PV System”), (ii) land for the installation of a pad mounted transformer, (iii) land for the installation of System A&B PV metering and (iv) land for the installation of Systems A and B inverters (the “Premises”). Name of Applicant or Sponsor: Telephone: Monolith Solar Associates, LLC E-Mail: Address: 444 Washington Street City/PO: State: Zip Code: Rensselaer NY 12144 1. Does the proposed action only involve the legislative adoption of a plan, local law, ordinance, NO YES administrative rule, or regulation? If Yes, attach a narrative description of the intent of the proposed action and the environmental resources that ✔ may be affected in the municipality and proceed to Part 2. If no, continue to question 2. 2. Does the proposed action require a permit, approval or funding from any other governmental Agency? NO YES If Yes, list agency(s) name and permit or approval: ✔ 3.a. Total acreage of the site of the proposed action? ___________ .0001 acres b. Total acreage to be physically disturbed? ___________ .0001 acres c. Total acreage (project site and any contiguous properties) owned or controlled by the applicant or project sponsor? ___________acres 4. Check all land uses that occur on, adjoining and near the proposed action. 9 Urban 9 Rural (non-agriculture) 9 Industrial ✔ 9 Commercial 9 Residential (suburban) 9 Forest 9 Agriculture 9 Aquatic 9 Other (specify): _________________________ 9 Parkland Page 1 of 3 5. Is the proposed action, NO YES N/A a. A permitted use under the zoning regulations? ✔ b. Consistent with the adopted comprehensive plan? ✔ 6. Is the proposed action consistent with the predominant character of the existing built or natural NO YES landscape? ✔ 7. Is the site of the proposed action located in, or does it adjoin, a state listed Critical Environmental Area? NO YES If Yes, identify: __________________________________________________________________________ _______________________________________________________________________________________ ✔ 8. a. Will the proposed action result in a substantial increase in traffic above present levels? NO YES ✔ b. Are public transportation service(s) available at or near the site of the proposed action? ✔ c. Are any pedestrian accommodations or bicycle routes available on or near site of the proposed action? ✔ 9. Does the proposed action meet or exceed the state energy code requirements? NO YES If the proposed action will exceed requirements, describe design features and technologies: _______________________________________________________________________________________ ✔ _______________________________________________________________________________________ 10. Will the proposed action connect to an existing public/private water supply? NO YES If No, describe method for providing potable water: ______________________________________ ✔ _______________________________________________________________________________________ 11. Will the proposed action connect to existing wastewater utilities? NO YES If No, describe method for providing wastewater treatment: ________________________________ ✔ _______________________________________________________________________________________ 12. a. Does the site contain a structure that is listed on either the State or National Register of Historic NO YES Places? ✔ b. Is the proposed action located in an archeological sensitive area? ✔ 13. a. Does any portion of the site of the proposed action, or lands adjoining the proposed action, contain NO YES wetlands or other waterbodies regulated by a federal, state or local agency? ✔ b. Would the proposed action physically alter, or encroach into, any existing wetland or waterbody? ✔ If Yes, identify the wetland or waterbody and extent of alterations in square feet or acres: _______________ _______________________________________________________________________________________ _______________________________________________________________________________________ 14. Identify the typical habitat types that occur on, or are likely to be found on the project site. Check all that apply: † Shoreline ✔ † Forest † Agricultural/grasslands † Early mid-successional † Wetland † ✔ Urban † Suburban 15. Does the site of the proposed action contain any species of animal, or associated habitats, listed NO YES by the State or Federal government as threatened or endangered? ✔ 16. Is the project site located in the 100 year flood plain? NO YES ✔ 17. Will the proposed action create storm water discharge, either from point or non-point sources? NO YES If Yes, a. Will storm water discharges flow to adjacent properties? † NO † YES ✔ b. Will storm water discharges be directed to established conveyance systems (runoff and storm drains)? If Yes, briefly describe: † NO † YES _______________________________________________________________________________________ _______________________________________________________________________________________ Page 2 of 3 18. Does the proposed action include construction or other activities that result in the impoundment of NO YES water or other liquids (e.g. retention pond, waste lagoon, dam)? If Yes, explain purpose and size: ____________________________________________________________ _______________________________________________________________________________________ ✔ _______________________________________________________________________________________ 19. Has the site of the proposed action or an adjoining property been the location of an active or closed NO YES solid waste management facility? If Yes, describe: _________________________________________________________________________ _______________________________________________________________________________________ ✔ _______________________________________________________________________________________ 20. Has the site of the proposed action or an adjoining property been the subject of remediation (ongoing or NO YES completed) for hazardous waste? If Yes, describe: __________________________________________________________________________ ✔ _______________________________________________________________________________________ _______________________________________________________________________________________ I AFFIRM THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND ACCURATE TO THE BEST OF MY KNOWLEDGE Monolith Solar Associates, LLC Applicant/sponsor name: ___________________________________________ Date: ___________________________ Signature: _______________________________________________________ PRINT FORM Page 3 of 3 Troy Local Development Corporation Budget and Financial Plan Budgeted Revenues, Expenditures, and Changes in Current Net Assets Prior Year Current Year Actual Estimated Adopted 2013 2014 2015 2016 2017 2018 2019 REVENUE & FINANCIAL SOURCES Operating Revenues Charges for Services - Rental & Financing Income 169,311 127,882 129,672 132,672 102,672 69,672 69,672 Other Operating Revenues - Nonoperating Revenues Investment Earnings 21,315 27,199 15,494 10,762 8,644 6,419 4,763 State Grants/Subsidies 34,875 - - - - - - Federal Grants/Subsidies 111,575 108,924 54,451 - - - - Public Authority Subsidies - - - - - - - Other Nonoperating Revenues 3,510 12,102 450,000 - - - - Proceeds from Issuance of Debt 265,246 41,192 151,594 53,198 54,842 53,814 25,524 Total Revenues & Financing Sources 605,832 317,299 801,211 196,632 166,158 129,905 99,958 EXPENDITURES Operating Expenditures Salaries and Wages - - Other Employee Benefits - - Professional Services Contracts 151,618 168,070 337,924 232,394 243,188 254,520 266,420 Materials & Supplies - 131 - 131 - 131 - Other Operating Expenditures 116,113 81,155 143,214 123,958 130,155 136,663 143,496 Nonoperating Expenditures Payment on Principal of Bonds and Financing Arrangements 167,000 167,000 167,000 167,000 167,000 167,000 167,000 Interest and Other Financing Charges 111,937 105,257 98,343 91,112 83,631 76,015 68,300 Subsidies to Other Public Authorities - - - - - - - Capital Asset Overlay - - - - - - - Grants and Donations 181,205 51,870 25,000 25,000 25,000 25,000 25,000 Other Non-operating Expenditures - 49,556 - - - - - Issuance of Debt 284,295 270,000 100,000 25,000 25,000 25,000 25,000 Total Expenditures 1,012,168 893,040 871,482 664,595 673,974 684,330 695,216 Capital Contributions EXCESS (DEFICIENCY) OF REVENUES AND CAPITAL CONTRIBUTIONS OVER EXPENDITURES (406,336) (575,741) (70,270) (467,963) (507,816) (554,425) (595,258)