Troy Local Development Corporation

Chair Board Members Jeff Betts Chris Nolin Kiani Conley-Wilson Vice-Chair Andy Ross Executive Director Dylan Turek Board of Directors Meeting City Hall Planning Dept. Conference Room 433 River Street, Suite 5001 Troy, NY 12180 NOVEMBER 17, 2023 8:30 a.m. AGENDA I. Approval of Minutes from the October 20, 2023 Board Meeting. II. Executive Director’s Report III. New Business 1. Church Street Alley Lighting and Improvements IV. Old Business 1. Community Business Investment Grant Program Resolutions – 5th Round a. 58 King Street b. 295 1st Street c. 475 5th Avenue V. Financials VI. Adjournment  Regular Board Meeting Minutes October 20, 2023 9:00 a.m. BOARD MEMBERS PRESENT: Dylan Turek, Jeff Betts, Chris Nolin, Andy Ross and Kiani Conley-Wilson. ABSENT: D ALSO IN ATTENDANCE: Cathryn Crummey, Esq., Matt Jones, Brandon Caulfield, Max Freed, Brian Gilchrest, Garret Brown, John P. Kane, Cris Schrader, Deanna Dal Pos and Denee Zeigler R The regular board meeting was called to order at 9:00 a.m. I. Minutes T The board reviewed the minutes from the September 22, 2023 regular board AF meeting. Motion to approve the September 22, 2023 regular board meetings minutes – Chris Nolin. Seconded – Andy Ross Abstained – Kiani Conley-Wilson Motion Approved II. Executive Director’s Report Community Investment Grant – Making some good progress with the grant and at this point we are about halfway through the project. An article was in the Troy Record yesterday so please share. We would like to get some additional projects in the Lansingburgh area. 16 Northern Drive – Max Freed is here to talk about a project he is looking to do at a vacant property we own at 16 Northern Drive. He spoke about his cannabis project that centers more around cultivation and extraction and how it fits into the current licensing process. They will fit into the current zoning for this site under light industrial and research and development. Mr. Freed talked about what the site would look like and explained that working with gases, they will have guidelines that require things to be kept separate and for the cultivation aspect they will need certain security measures to be taken. Mr. Turek advised there were a few other sites they had looked at but this one already conforms with our current zoning. Mr. Freed spoke 1  about parking and how it will depend on the how busy they become. Most of the labor will be in packaging and that can be resources within the neighborhood. Mr. Turek advised that we talk to the neighborhood group throughout the process, so they are clear about the project. Mr. Turek advised nothing to vote on at this time, but we are hoping to accelerate the sale or lease of the property. To apply to NYS for cannabis licensing a signed lease would be required. The next deadline is in December, but there is a possibility that they will extend the date. III. Budget Mr. Turek spoke about the 2024 budget. Matt Jones advised the budget in front of you is similar to the previous year with a few updates. A few items that did not happen last year were moved forward, the fee is the same, a slight uptick in professional fees and rental and financing income is the same. He did note that BSM Banquets was included in that amount, but advised they are behind in their monthly payment. Mr. Jones made the update to show the $4 Million grant revenue and grant expenses. Mr. Turek explained that is for the district geothermal project and is just waiting for the signed agreement from NYSERDA. He noted that we will have a separate account to track the finances and spending. Motion to approve the 2024 Budget as presented – Kiani Conley-Wilson IV. DSeconded – Chris Nolin Approved New Business R Armstrong Appraisals – Mr. Turek spoke about the updated appraisals received for the four properties located at the King Fuels site: King Fuels itself, the parcel across the Wynantskill, the Sperry Warehouse and the Waste Connections/County Waste T parcel. The King Fuels site came in much lower than our last appraisals because they do not count the value of the building anymore and they look at the current state AF of the remediation happening at the site which is not completed. He advised that we need $11,000 to cover the cost of the appraisals done. Mr. Ross asked what the purpose of the updated appraisal. Mr. Turek advised it was to do an evaluation of the actual value of our collective portfolio. He advised it will be sent to all the board members for review. V. Old Business Community Business Improvement Grant – The board noted that the resolutions are separate this month and we will go over each project will applicants that are present. 212 Fourth Street – Cris Schrader introduced himself to the board and talked about his project to build out a single story vacant commercial space. He will be collaborating with Corey Aldrich. He spoke about their diverse backgrounds: his in engineering and STEM and Corey’s background in the arts and event planning. Mr. Schrader described the space as a pop-up event space in Little Italy that will be used by them and can be used by them and others. Mr. Betts asked about the size of the space. Mr. Schrader said it is about 700 sq ft. Mr. Nolin asked if this was a different use than what was proposed in their application to buy from the foreclosure list. Mr. Schrader advised no, it is in line with their original proposal which was to hold parlor series, pop up and community related events. (See attached Resolution 10/23 #1) 2  Motion to approve a Community Business Investment Grant in the amount of $50,000 for the project located at 212 Fourth Street. – Chris Nolin Seconded – Andy Ross Approved 216 Fourth Street – Mr. Turek talked about the project DeFazio’s is undertaking at this site. This grant will be used for coolers and interior supplies that will help them to get closer to opening. This is adjacent to the previously approved project and should be great for that neighborhood. Mrs. Conley-Wilson asked if there was a timeline for this project opening. Mr. Turek said he has nothing official in front of him, but ventured a guess that it will be an early 2024 opening. (See attached Resolution 10/23 #2) Motion to approve a Community Business Investment Grant in the amount of $50,000 for the project located at 216 Fourth Street. – Kiani Conley- Wilson Seconded – Chris Nolin Approved 417 River Street – Garret Brown spoke about the project and their most recent repurchase of the property after a 17-year hiatus of owning the property. He advised that the building is in desperate need of getting the roof repaired. It is about 5000 sq D ft and has a quote from the company that did the pub roof and their brewery in Hoosick. Mr. Brown noted the repair will involve updating the insulation that will help with their energy efficiency. He is happy to own the building again in Troy and is excited that his two daughters are involved in the business. Mr. Turek noted this is R the second roof we have done on that block consolidating the efforts of the grant for maximum success. (See attached Resolution 10/23 #3) Motion to approve a Community Business Investment Grant in the amount T of $50,000 for the project located at 417 River Street. – Kiani Conley-Wilson Seconded – Chris Nolin AF Approved 680 River Street – Brian Gilchrest spoke about his upcoming project at The Ale House and the building’s history noting that it has operated continually as a saloon since 1885; it has a lot of history. The architectural details in the brickwork and parapet work need attention before the roof can go on. The bay window is also in need of attention. Mr. Gilchrest advised that they also have plans to expand into the vacant lot next to the building to draw in customers during the summer months. Mr. Turek thanked him for his work each month on the grant committee and noted that he did recuse himself from all voting related to his project. (See attached Resolution 10/23 #4) Motion to approve a Community Business Investment Grant in the amount of $50,000 for the project located at 680 River Street. – Chris Nolin Seconded – Andy Ross Approved 885 5th Ave – Mr. Turek spoke about the project located at 885 5th Avenue in North Troy. He advised that the recently purchased gas station is being developed as not your typical gas station by including fresh produce and incorporating a drive-through. We have also been talking to him about green infrastructure and including car charging stations and he is open to it. This grant funding will be used towards the building. Mr.Ross asked about the location. Mr. Turek explained it is the former Gendron’s repair shop and gas station. Mr. Betts asked about the zero on the 3  committee score sheet and asked if there were any notes related to it. Mr. Turek stated they can put notes on the scoresheet and added that the committee member is here. Mr. Gilchrest advised that the application wasn’t clear to him based on the proposal that was submitted. Mr. Betts wanted to make sure there wasn’t any outstanding issue that needed to be brought up. (See attached Resolution 10/23 #5) Motion to approve a Community Business Investment Grant in the amount of $50,000 for the project located at 885 5th Avenue. – Andy Ross Seconded – Dylan Turek Approved VI. Financials Mr. Jones went over the statement of financial position noting that as of September 30, 2023 our total assets stand at $3,899,731. He advised $244,555 in cash with $1,725,914 in liabilities, leaving a fund balance of $2,173,816. No significant changes to the statement of financial position. Mr. Jones went over the statement of activity for the month of September, noting a deficit of $19,547. The most significant source of revenue was from the monthly national grid fee and the largest expense comes from professional fees. DMotion to approve the financials as presented – Dylan Turek Seconded – Andy Ross Approved VII. R Executive Session The board adjourned to enter executive session to discuss real estate matters. T Motion to adjourn the regular board meeting at 9:31 a.m. to enter executive AF session to discuss the proposed acquisition or disposition or of real estate that might affect the price – Andy Ross Seconded – Dylan Turek Approved The board returned from executive session at 10:05 a.m. with no action taken. VIII. Adjournment With no other items to discuss, the regular board meeting was adjourned at 10:05 a.m. Motion to adjourn the regular board meeting at 10:09a.m. – Dylan Turek Seconded – Andy Ross Approved 4  AUTHORIZING RESOLUTION (Community Business Investment Grant - Funding Round 4) A regular meeting of the Troy Local Development Corporation was convened on October 22, 2023, at 9:00 a.m. The following resolution was duly offered and seconded, to wit: Resolution No. 10/23 #1 RESOLUTION OF THE TROY LOCAL DEVELOPMENT CORPORATION AUTHORIZING THE AWARD OF A SMALL BUSINESS GRANT TO CRIS SCHRADER D/B/A LOCATED AT 212 4TH STREET, TROY NY 12180 RECOMMENDED BY THE APPOINTED SELECTION COMMITTEE. 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 D 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 R acting in the public interest; and WHEREAS, the City of Troy (the “City”), having received funding from the Federal Government as part of the American Rescue Plan Act (“ARPA”), allocated one million dollars T ($1,000,000) to the Corporation for the distribution and administration of small business grants AF to support community businesses that make capital investments into eligible projects that improve the surrounding community (the “Project”); and, WHEREAS, as a supporting organization of the City of Troy, the Corporation has entered into an agreement with the City to provide those services that are essential for the furtherance of the Project; and WHEREAS, the Project Selection Committee, having reviewed and scored all completed applications as required per the agreement between the City and Corporation, has provided a recommendation for funding for Cris Schrader D/B/A ’s project located at 212 4th Street, identified in the included Award Recommendation Letter, of whom the Corporation desires approve for the scope of work and funding amounts specified in their applications and not to exceed the lesser of fifty percent (50%) the total project cost or a total reimbursement of $50,000 in furtherance of the goals of the Program as described in the Agreement and is aligned with the stated mission of the Corporation; and WHEREAS, it is contemplated that the Corporation will authorize the Executive Director and Corporation Counsel to issue funding contracts by and between the recommended applicant and the Corporation for a total disbursement not to exceed fifty thousand dollars ($50,000), to be dispersed as reimbursement for eligible capital costs incurred by the grant awardee per the terms and conditions included in the final award contract (“the Contract”); and  NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE TROY LOCAL DEVELOPMENT CORPORATION AS FOLLOWS: Section 1. The Corporation finds and determines that: (A) The Corporation has been vested with all powers necessary and convenient to carry out and effectuate the purposes and provisions of the N-PCL and to exercise all powers granted to it under the Act; and (B) The Corporation has the authority to take the actions contemplated herein under the Act; and Section 2. The Corporation hereby authorizes the expenditure of up to $50,000 in furtherance of Project and the engagement the Awardees for the disbursement of small business grants following receipt of the same from the City and upon final completion and inspection of the scope of work defined in the funding Contracts between the awardees and the Corporation. The Chairman, Vice Chairman, and/or Executive Director/Chief Executive Officer of the Corporation are hereby authorized, on behalf of the Authority, to execute and deliver the Funding Agreement with the applicants specified in the attached as Exhibit A, along with other D related documents. 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 R things required and to execute and deliver all such certificates, instruments and documents, to request, receive, and pay all such awards, 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 T by the Corporation with all of the terms, covenants and provisions of the documents executed for AF and on behalf of the Authority. Section 4. These Resolutions shall take effect immediately. Yea Nay Absent Abstain Jeff Betts [ X ] [ ] [ ] [ ] Hon. Christopher Nolin [ X ] [ ] [ ] [ ] Hon. Kiani Conley-Wilson [ X ] [ ] [ ] [ ] Andrew Ross [ X ] [ ] [ ] [ ] Dylan Turek [ X ] [ ] [ ] [ ] The Resolution was thereupon duly adopted. 2  EXHIBIT A D R T AF 3  T AF R 4 D  EXHIBIT B Round 4 Applicants - October 11th Committee Meeting RS CC EM OC AG DT NP JG BG verage Score Total Project Cost 50% Approved/Denied 158 4th Street 45 59 55 60 79 59.60 $ - TABLED 212 4th Street 100 58 70 65 80 74.60 $ 100,000 $ 50,000 216 4th Street 23 70 90 90 68.25 $ 100,000 $ 50,000 417-425 River Street 45 67 78 80 75 69.00 $ 100,000 $ 50,000 680 River Street 71 72 70 71.00 $ 100,000 $ 50,000 885 5th Avenue 65 78 81 100 0 64.80 $ 100,000 $ 50,000 $ 500,000 $ 250,000 D R T AF 5 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 22, 2023 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. D I FURTHER CERTIFY, that there was a quorum of the members of the Corporation present throughout said meeting. R 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. T IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said AF Corporation this 20Th day of October, 2023. [SEAL] 6  AUTHORIZING RESOLUTION (Community Business Investment Grant - Funding Round 4) A regular meeting of the Troy Local Development Corporation was convened on October 22, 2023, at 9:00 a.m. The following resolution was duly offered and seconded, to wit: Resolution No. 10/23 #2 RESOLUTION OF THE TROY LOCAL DEVELOPMENT CORPORATION AUTHORIZING THE AWARD OF A SMALL BUSINESS GRANT TO DEFAZIO & SONS INC PROJECT LOCATED AT 216 4TH STREET, TROY NY 12180 RECOMMENDED BY THE APPOINTED SELECTION COMMITTEE. 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 D 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 R retention of, an industry in the community or area, and lessening the burdens of government and acting in the public interest; and WHEREAS, the City of Troy (the “City”), having received funding from the Federal T Government as part of the American Rescue Plan Act (“ARPA”), allocated one million dollars AF ($1,000,000) to the Corporation for the distribution and administration of small business grants to support community businesses that make capital investments into eligible projects that improve the surrounding community (the “Project”); and, WHEREAS, as a supporting organization of the City of Troy, the Corporation has entered into an agreement with the City to provide those services that are essential for the furtherance of the Project; and WHEREAS, the Project Selection Committee, having reviewed and scored all completed applications as required per the agreement between the City and Corporation, has provided a recommendation for funding for DeFazio & Sons Inc. project located at 216 4th Street, identified in the included Award Recommendation Letter, of whom the Corporation desires approve for the scope of work and funding amounts specified in their applications and not to exceed the lesser of fifty percent (50%) the total project cost or a total reimbursement of $50,000 in furtherance of the goals of the Program as described in the Agreement and is aligned with the stated mission of the Corporation; and WHEREAS, it is contemplated that the Corporation will authorize the Executive Director and Corporation Counsel to issue funding contracts by and between the recommended applicant and the Corporation for a total disbursement not to exceed fifty thousand dollars ($50,000), to be dispersed as reimbursement for eligible capital costs incurred by the grant awardee per the terms and conditions included in the final award contract (“the Contract”); and  NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE TROY LOCAL DEVELOPMENT CORPORATION AS FOLLOWS: Section 1. The Corporation finds and determines that: (A) The Corporation has been vested with all powers necessary and convenient to carry out and effectuate the purposes and provisions of the N-PCL and to exercise all powers granted to it under the Act; and (B) The Corporation has the authority to take the actions contemplated herein under the Act; and Section 2. The Corporation hereby authorizes the expenditure of up to $50,000 in furtherance of Project and the engagement the Awardees for the disbursement of small business grants following receipt of the same from the City and upon final completion and inspection of the scope of work defined in the funding Contracts between the awardees and the Corporation. The Chairman, Vice Chairman, and/or Executive Director/Chief Executive Officer of the Corporation are hereby authorized, on behalf of the Authority, to execute and deliver the D Funding Agreement with the applicants specified in the attached as Exhibit A, along with other related documents. Section 3. The officers, employees and agents of the Corporation are hereby R 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 certificates, instruments and documents, to request, receive, and pay all such awards, 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, T desirable and proper to effect the purposes of the foregoing resolutions and to cause compliance AF by the Corporation with all of the terms, covenants and provisions of the documents executed for and on behalf of the Authority. Section 4. These Resolutions shall take effect immediately. Yea Nay Absent Abstain Jeff Betts [ X ] [ ] [ ] [ ] Hon. Christopher Nolin [ X ] [ ] [ ] [ ] Hon. Kiani Conley-Wilson [ X ] [ ] [ ] [ ] Andrew Ross [ X ] [ ] [ ] [ ] Dylan Turek [ X ] [ ] [ ] [ ] The Resolution was thereupon duly adopted. 2  EXHIBIT A D R T AF 3  T AF R 4 D  EXHIBIT B Round 4 Applicants - October 11th Committee Meeting RS CC EM OC AG DT NP JG BG verage Score Total Project Cost 50% Approved/Denied 158 4th Street 45 59 55 60 79 59.60 $ - TABLED 212 4th Street 100 58 70 65 80 74.60 $ 100,000 $ 50,000 216 4th Street 23 70 90 90 68.25 $ 100,000 $ 50,000 417-425 River Street 45 67 78 80 75 69.00 $ 100,000 $ 50,000 680 River Street 71 72 70 71.00 $ 100,000 $ 50,000 885 5th Avenue 65 78 81 100 0 64.80 $ 100,000 $ 50,000 $ 500,000 $ 250,000 D R T AF 5 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 22, 2023 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. D I FURTHER CERTIFY, that there was a quorum of the members of the Corporation present throughout said meeting. R 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. T IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said AF Corporation this 20Th day of October, 2023. [SEAL] 6  AUTHORIZING RESOLUTION (Community Business Investment Grant - Funding Round 4) A regular meeting of the Troy Local Development Corporation was convened on October 22, 2023, at 9:00 a.m. The following resolution was duly offered and seconded, to wit: Resolution No. 10/23 #3 RESOLUTION OF THE TROY LOCAL DEVELOPMENT CORPORATION AUTHORIZING THE AWARD OF A SMALL BUSINESS GRANT TO THE TOAST OF THE HUDSON LLC LOCATED AT 421-425 RIVER STREET, TROY NY 12180 RECOMMENDED BY THE APPOINTED SELECTION COMMITTEE. 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 D 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 R retention of, an industry in the community or area, and lessening the burdens of government and acting in the public interest; and WHEREAS, the City of Troy (the “City”), having received funding from the Federal T Government as part of the American Rescue Plan Act (“ARPA”), allocated one million dollars AF ($1,000,000) to the Corporation for the distribution and administration of small business grants to support community businesses that make capital investments into eligible projects that improve the surrounding community (the “Project”); and, WHEREAS, as a supporting organization of the City of Troy, the Corporation has entered into an agreement with the City to provide those services that are essential for the furtherance of the Project; and WHEREAS, the Project Selection Committee, having reviewed and scored all completed applications as required per the agreement between the City and Corporation, has provided a recommendation for funding for Toast of the Hudson, LLC’s project located at 421-425 River Street, identified in the included Award Recommendation Letter, of whom the Corporation desires approve for the scope of work and funding amounts specified in their applications and not to exceed the lesser of fifty percent (50%) the total project cost or a total reimbursement of $50,000 in furtherance of the goals of the Program as described in the Agreement and is aligned with the stated mission of the Corporation; and WHEREAS, it is contemplated that the Corporation will authorize the Executive Director and Corporation Counsel to issue funding contracts by and between the recommended applicant and the Corporation for a total disbursement not to exceed fifty thousand dollars ($50,000), to be dispersed as reimbursement for eligible capital costs incurred by the grant awardee per the terms and conditions included in the final award contract (“the Contract”); and  NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE TROY LOCAL DEVELOPMENT CORPORATION AS FOLLOWS: Section 1. The Corporation finds and determines that: (A) The Corporation has been vested with all powers necessary and convenient to carry out and effectuate the purposes and provisions of the N-PCL and to exercise all powers granted to it under the Act; and (B) The Corporation has the authority to take the actions contemplated herein under the Act; and Section 2. The Corporation hereby authorizes the expenditure of up to $50,000 in furtherance of Project and the engagement the Awardees for the disbursement of small business grants following receipt of the same from the City and upon final completion and inspection of the scope of work defined in the funding Contracts between the awardees and the Corporation. The Chairman, Vice Chairman, and/or Executive Director/Chief Executive Officer of the Corporation are hereby authorized, on behalf of the Authority, to execute and deliver the D Funding Agreement with the applicants specified in the attached as Exhibit A, along with other related documents. Section 3. The officers, employees and agents of the Corporation are hereby R 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 certificates, instruments and documents, to request, receive, and pay all such awards, 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, T desirable and proper to effect the purposes of the foregoing resolutions and to cause compliance AF by the Corporation with all of the terms, covenants and provisions of the documents executed for and on behalf of the Authority. Section 4. These Resolutions shall take effect immediately. Yea Nay Absent Abstain Jeff Betts [ X ] [ ] [ ] [ ] Hon. Christopher Nolin [ X ] [ ] [ ] [ ] Hon. Kiani Conley-Wilson [ X ] [ ] [ ] [ ] Andrew Ross [ X ] [ ] [ ] [ ] Dylan Turek [ X ] [ ] [ ] [ ] The Resolution was thereupon duly adopted. 2  EXHIBIT A D R T AF 3  T AF R 4 D  EXHIBIT B Round 4 Applicants - October 11th Committee Meeting RS CC EM OC AG DT NP JG BG verage Score Total Project Cost 50% Approved/Denied 158 4th Street 45 59 55 60 79 59.60 $ - TABLED 212 4th Street 100 58 70 65 80 74.60 $ 100,000 $ 50,000 216 4th Street 23 70 90 90 68.25 $ 100,000 $ 50,000 417-425 River Street 45 67 78 80 75 69.00 $ 100,000 $ 50,000 680 River Street 71 72 70 71.00 $ 100,000 $ 50,000 885 5th Avenue 65 78 81 100 0 64.80 $ 100,000 $ 50,000 $ 500,000 $ 250,000 D R T AF 5 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 22, 2023 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. D I FURTHER CERTIFY, that there was a quorum of the members of the Corporation present throughout said meeting. R 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. T IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said AF Corporation this 20Th day of October, 2023. [SEAL] 6  AUTHORIZING RESOLUTION (Community Business Investment Grant - Funding Round 4) A regular meeting of the Troy Local Development Corporation was convened on October 22, 2023, at 9:00 a.m. The following resolution was duly offered and seconded, to wit: Resolution No. 10/23 #4 RESOLUTION OF THE TROY LOCAL DEVELOPMENT CORPORATION AUTHORIZING THE AWARD OF A SMALL BUSINESS GRANT TO THE ALE HOUSE LOCATED AT 680 RIVER STREET, TROY NY 12180 RECOMMENDED BY THE APPOINTED SELECTION COMMITTEE. 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 D 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 R acting in the public interest; and WHEREAS, the City of Troy (the “City”), having received funding from the Federal Government as part of the American Rescue Plan Act (“ARPA”), allocated one million dollars T ($1,000,000) to the Corporation for the distribution and administration of small business grants AF to support community businesses that make capital investments into eligible projects that improve the surrounding community (the “Project”); and, WHEREAS, as a supporting organization of the City of Troy, the Corporation has entered into an agreement with the City to provide those services that are essential for the furtherance of the Project; and WHEREAS, the Project Selection Committee, having reviewed and scored all completed applications as required per the agreement between the City and Corporation, has provided a recommendation for funding for The Ale House project located at 680 River Street, identified in the included Award Recommendation Letter, of whom the Corporation desires approve for the scope of work and funding amounts specified in their applications and not to exceed the lesser of fifty percent (50%) the total project cost or a total reimbursement of $50,000 in furtherance of the goals of the Program as described in the Agreement and is aligned with the stated mission of the Corporation; and WHEREAS, it is contemplated that the Corporation will authorize the Executive Director and Corporation Counsel to issue funding contracts by and between the recommended applicant and the Corporation for a total disbursement not to exceed fifty thousand dollars ($50,000), to be dispersed as reimbursement for eligible capital costs incurred by the grant awardee per the terms and conditions included in the final award contract (“the Contract”); and  NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE TROY LOCAL DEVELOPMENT CORPORATION AS FOLLOWS: Section 1. The Corporation finds and determines that: (A) The Corporation has been vested with all powers necessary and convenient to carry out and effectuate the purposes and provisions of the N-PCL and to exercise all powers granted to it under the Act; and (B) The Corporation has the authority to take the actions contemplated herein under the Act; and Section 2. The Corporation hereby authorizes the expenditure of up to $50,000 in furtherance of Project and the engagement the Awardees for the disbursement of small business grants following receipt of the same from the City and upon final completion and inspection of the scope of work defined in the funding Contracts between the awardees and the Corporation. The Chairman, Vice Chairman, and/or Executive Director/Chief Executive Officer of the Corporation are hereby authorized, on behalf of the Authority, to execute and deliver the Funding Agreement with the applicants specified in the attached as Exhibit A, along with other D related documents. 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 R things required and to execute and deliver all such certificates, instruments and documents, to request, receive, and pay all such awards, 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 T by the Corporation with all of the terms, covenants and provisions of the documents executed for AF and on behalf of the Authority. Section 4. These Resolutions shall take effect immediately. Yea Nay Absent Abstain Jeff Betts [X ] [ ] [ ] [ ] Hon. Christopher Nolin [ X ] [ ] [ ] [ ] Hon. Kiani Conley-Wilson [ X ] [ ] [ ] [ ] Andrew Ross [ X ] [ ] [ ] [ ] Dylan Turek [ X ] [ ] [ ] [ ] The Resolution was thereupon duly adopted. 2  EXHIBIT A D R T AF 3  T AF R 4 D  EXHIBIT B Round 4 Applicants - October 11th Committee Meeting RS CC EM OC AG DT NP JG BG verage Score Total Project Cost 50% Approved/Denied 158 4th Street 45 59 55 60 79 59.60 $ - TABLED 212 4th Street 100 58 70 65 80 74.60 $ 100,000 $ 50,000 216 4th Street 23 70 90 90 68.25 $ 100,000 $ 50,000 417-425 River Street 45 67 78 80 75 69.00 $ 100,000 $ 50,000 680 River Street 71 72 70 71.00 $ 100,000 $ 50,000 885 5th Avenue 65 78 81 100 0 64.80 $ 100,000 $ 50,000 $ 500,000 $ 250,000 D R T AF 5 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 22, 2023 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. D I FURTHER CERTIFY, that there was a quorum of the members of the Corporation present throughout said meeting. R 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. T IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said AF Corporation this 20Th day of October, 2023. [SEAL] 6  AUTHORIZING RESOLUTION (Community Business Investment Grant - Funding Round 4) A regular meeting of the Troy Local Development Corporation was convened on October 22, 2023, at 9:00 a.m. The following resolution was duly offered and seconded, to wit: Resolution No. 10/23 #5 RESOLUTION OF THE TROY LOCAL DEVELOPMENT CORPORATION AUTHORIZING THE AWARD OF A SMALL BUSINESS GRANT TO THE CASA BLANCA TROY REALTY LOCATED AT 885 5TH AVENUE, TROY NY 12182 RECOMMENDED BY THE APPOINTED SELECTION COMMITTEE. 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 D 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 R retention of, an industry in the community or area, and lessening the burdens of government and acting in the public interest; and WHEREAS, the City of Troy (the “City”), having received funding from the Federal T Government as part of the American Rescue Plan Act (“ARPA”), allocated one million dollars AF ($1,000,000) to the Corporation for the distribution and administration of small business grants to support community businesses that make capital investments into eligible projects that improve the surrounding community (the “Project”); and, WHEREAS, as a supporting organization of the City of Troy, the Corporation has entered into an agreement with the City to provide those services that are essential for the furtherance of the Project; and WHEREAS, the Project Selection Committee, having reviewed and scored all completed applications as required per the agreement between the City and Corporation, has provided a recommendation for funding for Casa Blanca Troy Realty’s project located at 885 5th Avenue, identified in the included Award Recommendation Letter, of whom the Corporation desires approve for the scope of work and funding amounts specified in their applications and not to exceed the lesser of fifty percent (50%) the total project cost or a total reimbursement of $50,000 in furtherance of the goals of the Program as described in the Agreement and is aligned with the stated mission of the Corporation; and WHEREAS, it is contemplated that the Corporation will authorize the Executive Director and Corporation Counsel to issue funding contracts by and between the recommended applicant and the Corporation for a total disbursement not to exceed fifty thousand dollars ($50,000), to be dispersed as reimbursement for eligible capital costs incurred by the grant awardee per the terms and conditions included in the final award contract (“the Contract”); and  NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE TROY LOCAL DEVELOPMENT CORPORATION AS FOLLOWS: Section 1. The Corporation finds and determines that: (A) The Corporation has been vested with all powers necessary and convenient to carry out and effectuate the purposes and provisions of the N-PCL and to exercise all powers granted to it under the Act; and (B) The Corporation has the authority to take the actions contemplated herein under the Act; and Section 2. The Corporation hereby authorizes the expenditure of up to $50,000 in furtherance of Project and the engagement the Awardees for the disbursement of small business grants following receipt of the same from the City and upon final completion and inspection of the scope of work defined in the funding Contracts between the awardees and the Corporation. The Chairman, Vice Chairman, and/or Executive Director/Chief Executive Officer of the Corporation are hereby authorized, on behalf of the Authority, to execute and deliver the D Funding Agreement with the applicants specified in the attached as Exhibit A, along with other related documents. Section 3. The officers, employees and agents of the Corporation are hereby R 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 certificates, instruments and documents, to request, receive, and pay all such awards, 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, T desirable and proper to effect the purposes of the foregoing resolutions and to cause compliance AF by the Corporation with all of the terms, covenants and provisions of the documents executed for and on behalf of the Authority. Section 4. These Resolutions shall take effect immediately. Yea Nay Absent Abstain Jeff Betts [ X ] [ ] [ ] [ ] Hon. Christopher Nolin [ X ] [ ] [ ] [ ] Hon. Kiani Conley-Wilson [ X ] [ ] [ ] [ ] Andrew Ross [ X ] [ ] [ ] [ ] Dylan Turek [ X ] [ ] [ ] [ ] The Resolution was thereupon duly adopted. 2  EXHIBIT A D R T AF 3  T AF R 4 D  EXHIBIT B Round 4 Applicants - October 11th Committee Meeting RS CC EM OC AG DT NP JG BG verage Score Total Project Cost 50% Approved/Denied 158 4th Street 45 59 55 60 79 59.60 $ - TABLED 212 4th Street 100 58 70 65 80 74.60 $ 100,000 $ 50,000 216 4th Street 23 70 90 90 68.25 $ 100,000 $ 50,000 417-425 River Street 45 67 78 80 75 69.00 $ 100,000 $ 50,000 680 River Street 71 72 70 71.00 $ 100,000 $ 50,000 885 5th Avenue 65 78 81 100 0 64.80 $ 100,000 $ 50,000 $ 500,000 $ 250,000 D R T AF 5 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 22, 2023 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. D I FURTHER CERTIFY, that there was a quorum of the members of the Corporation present throughout said meeting. R 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. T IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said AF Corporation this 20Th day of October, 2023. [SEAL] 6  AUTHORIZING RESOLUTION (Community Business Investment Grant - Funding Round 5) A regular meeting of the Troy Local Development Corporation was convened on November 17, 2023, at 9:00 a.m. The following resolution was duly offered and seconded, to wit: Resolution No. 11/23 # RESOLUTION OF THE TROY LOCAL DEVELOPMENT CORPORATION AUTHORIZING THE AWARD OF A SMALL BUSINESS GRANT TO MELANIE TUTTMAN LOCATED AT 58 KING STREET, TROY NY 12180 RECOMMENDED BY THE APPOINTED SELECTION COMMITTEE. 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, the City of Troy (the “City”), having received funding from the Federal Government as part of the American Rescue Plan Act (“ARPA”), allocated one million dollars ($1,000,000) to the Corporation for the distribution and administration of small business grants to support community businesses that make capital investments into eligible projects that improve the surrounding community (the “Project”); and, WHEREAS, as a supporting organization of the City of Troy, the Corporation has entered into an agreement with the City to provide those services that are essential for the furtherance of the Project; and WHEREAS, the Project Selection Committee, having reviewed and scored all completed applications as required per the agreement between the City and Corporation, has provided a recommendation for funding for Melanie Tuttman’s project located at 58 King Street, identified in the included Award Recommendation Letter, of whom the Corporation desires approve for the scope of work and funding amounts specified in their applications and not to exceed the lesser of fifty percent (50%) the total project cost or a total reimbursement of $50,000 in furtherance of the goals of the Program as described in the Agreement and is aligned with the stated mission of the Corporation; and WHEREAS, it is contemplated that the Corporation will authorize the Executive Director and Corporation Counsel to issue funding contracts by and between the recommended applicant and the Corporation for a total disbursement not to exceed fifty thousand dollars ($50,000), to be dispersed as reimbursement for eligible capital costs incurred by the grant awardee per the terms and conditions included in the final award contract (“the Contract”); and  NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE TROY LOCAL DEVELOPMENT CORPORATION AS FOLLOWS: Section 1. The Corporation finds and determines that: (A) The Corporation has been vested with all powers necessary and convenient to carry out and effectuate the purposes and provisions of the N-PCL and to exercise all powers granted to it under the Act; and (B) The Corporation has the authority to take the actions contemplated herein under the Act; and Section 2. The Corporation hereby authorizes the expenditure of up to $50,000 in furtherance of Project and the engagement the Awardees for the disbursement of small business grants following receipt of the same from the City and upon final completion and inspection of the scope of work defined in the funding Contracts between the awardees and the Corporation. The Chairman, Vice Chairman, and/or Executive Director/Chief Executive Officer of the Corporation are hereby authorized, on behalf of the Authority, to execute and deliver the Funding Agreement with the applicants specified in the attached as Exhibit A, along with other related documents. 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 certificates, instruments and documents, to request, receive, and pay all such awards, 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 Authority. Section 4. These Resolutions shall take effect immediately. Yea Nay Absent Abstain Jeff Betts [ ] [ ] [ ] [ ] Hon. Christopher Nolin [ ] [ ] [ ] [ ] Hon. Kiani Conley-Wilson [ ] [ ] [ ] [ ] Andrew Ross [ ] [ ] [ ] [ ] Dylan Turek [ ] [ ] [ ] [ ] The Resolution was thereupon duly adopted. 2 EXHIBIT A 3 4 EXHIBIT B 5 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 November 17, 2023 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 17Th day of November, 2023. Secretary [SEAL] 6  AUTHORIZING RESOLUTION (Community Business Investment Grant - Funding Round 5) A regular meeting of the Troy Local Development Corporation was convened on November 17, 2023, at 9:00 a.m. The following resolution was duly offered and seconded, to wit: Resolution No. 11/23 # RESOLUTION OF THE TROY LOCAL DEVELOPMENT CORPORATION AUTHORIZING THE AWARD OF A SMALL BUSINESS GRANT TO FRANK J. RYAN & SONS, INC. LOCATED AT 295 1ST STREET, TROY NY 12180 RECOMMENDED BY THE APPOINTED SELECTION COMMITTEE. 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, the City of Troy (the “City”), having received funding from the Federal Government as part of the American Rescue Plan Act (“ARPA”), allocated one million dollars ($1,000,000) to the Corporation for the distribution and administration of small business grants to support community businesses that make capital investments into eligible projects that improve the surrounding community (the “Project”); and, WHEREAS, as a supporting organization of the City of Troy, the Corporation has entered into an agreement with the City to provide those services that are essential for the furtherance of the Project; and WHEREAS, the Project Selection Committee, having reviewed and scored all completed applications as required per the agreement between the City and Corporation, has provided a recommendation for funding for Frank J. Ryan & Sons, Inc. project located at 295 1st Street, identified in the included Award Recommendation Letter, of whom the Corporation desires approve for the scope of work and funding amounts specified in their applications and not to exceed the lesser of fifty percent (50%) the total project cost or a total reimbursement of $50,000 in furtherance of the goals of the Program as described in the Agreement and is aligned with the stated mission of the Corporation; and WHEREAS, it is contemplated that the Corporation will authorize the Executive Director and Corporation Counsel to issue funding contracts by and between the recommended applicant and the Corporation for a total disbursement not to exceed fifty thousand dollars ($50,000), to be dispersed as reimbursement for eligible capital costs incurred by the grant awardee per the terms and conditions included in the final award contract (“the Contract”); and  NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE TROY LOCAL DEVELOPMENT CORPORATION AS FOLLOWS: Section 1. The Corporation finds and determines that: (A) The Corporation has been vested with all powers necessary and convenient to carry out and effectuate the purposes and provisions of the N-PCL and to exercise all powers granted to it under the Act; and (B) The Corporation has the authority to take the actions contemplated herein under the Act; and Section 2. The Corporation hereby authorizes the expenditure of up to $50,000 in furtherance of Project and the engagement the Awardees for the disbursement of small business grants following receipt of the same from the City and upon final completion and inspection of the scope of work defined in the funding Contracts between the awardees and the Corporation. The Chairman, Vice Chairman, and/or Executive Director/Chief Executive Officer of the Corporation are hereby authorized, on behalf of the Authority, to execute and deliver the Funding Agreement with the applicants specified in the attached as Exhibit A, along with other related documents. 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 certificates, instruments and documents, to request, receive, and pay all such awards, 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 Authority. Section 4. These Resolutions shall take effect immediately. Yea Nay Absent Abstain Jeff Betts [ ] [ ] [ ] [ ] Hon. Christopher Nolin [ ] [ ] [ ] [ ] Hon. Kiani Conley-Wilson [ ] [ ] [ ] [ ] Andrew Ross [ ] [ ] [ ] [ ] Dylan Turek [ ] [ ] [ ] [ ] The Resolution was thereupon duly adopted. 2 EXHIBIT A 3 4 EXHIBIT B 5 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 November 17, 2023 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 17Th day of November, 2023. Secretary [SEAL] 6  AUTHORIZING RESOLUTION (Community Business Investment Grant - Funding Round 5) A regular meeting of the Troy Local Development Corporation was convened on November 17, 2023, at 9:00 a.m. The following resolution was duly offered and seconded, to wit: Resolution No. 11/23 # RESOLUTION OF THE TROY LOCAL DEVELOPMENT CORPORATION AUTHORIZING THE AWARD OF A SMALL BUSINESS GRANT TO BUCHANAN BROTHERS LTD D/B/A JIMMYS PIZZERIA. LOCATED AT 475 5TH AVENUE, TROY NY 12180 RECOMMENDED BY THE APPOINTED SELECTION COMMITTEE. 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, the City of Troy (the “City”), having received funding from the Federal Government as part of the American Rescue Plan Act (“ARPA”), allocated one million dollars ($1,000,000) to the Corporation for the distribution and administration of small business grants to support community businesses that make capital investments into eligible projects that improve the surrounding community (the “Project”); and, WHEREAS, as a supporting organization of the City of Troy, the Corporation has entered into an agreement with the City to provide those services that are essential for the furtherance of the Project; and WHEREAS, the Project Selection Committee, having reviewed and scored all completed applications as required per the agreement between the City and Corporation, has provided a recommendation for funding for Buchanan Brothers Ltd d/b/a Jimmy’s Pizzeria. project located at 475 5th Avenue, identified in the included Award Recommendation Letter, of whom the Corporation desires approve for the scope of work and funding amounts specified in their applications and not to exceed the lesser of fifty percent (50%) the total project cost or a total reimbursement of $14,000 in furtherance of the goals of the Program as described in the Agreement and is aligned with the stated mission of the Corporation; and WHEREAS, it is contemplated that the Corporation will authorize the Executive Director and Corporation Counsel to issue funding contracts by and between the recommended applicant and the Corporation for a total disbursement not to exceed fifty thousand dollars ($14,000), to be dispersed as reimbursement for eligible capital costs incurred by the grant awardee per the terms and conditions included in the final award contract (“the Contract”); and  NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE TROY LOCAL DEVELOPMENT CORPORATION AS FOLLOWS: Section 1. The Corporation finds and determines that: (A) The Corporation has been vested with all powers necessary and convenient to carry out and effectuate the purposes and provisions of the N-PCL and to exercise all powers granted to it under the Act; and (B) The Corporation has the authority to take the actions contemplated herein under the Act; and Section 2. The Corporation hereby authorizes the expenditure of up to $14,000 in furtherance of Project and the engagement the Awardees for the disbursement of small business grants following receipt of the same from the City and upon final completion and inspection of the scope of work defined in the funding Contracts between the awardees and the Corporation. The Chairman, Vice Chairman, and/or Executive Director/Chief Executive Officer of the Corporation are hereby authorized, on behalf of the Authority, to execute and deliver the Funding Agreement with the applicants specified in the attached as Exhibit A, along with other related documents. 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 certificates, instruments and documents, to request, receive, and pay all such awards, 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 Authority. Section 4. These Resolutions shall take effect immediately. Yea Nay Absent Abstain Jeff Betts [ ] [ ] [ ] [ ] Hon. Christopher Nolin [ ] [ ] [ ] [ ] Hon. Kiani Conley-Wilson [ ] [ ] [ ] [ ] Andrew Ross [ ] [ ] [ ] [ ] Dylan Turek [ ] [ ] [ ] [ ] The Resolution was thereupon duly adopted. 2 EXHIBIT A 3 4 EXHIBIT B 5 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 November 17, 2023 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 17Th day of November, 2023. Secretary [SEAL] 6 DRAFT PROPOSAL November 10, 2023 Dylan Turek Commissioner of Planning & Economic Development City of Troy 433 River St Troy, NY 12180 Re: Church Street Alley Improvements Design & Construction Phase Services LaBella Proposal No. P2302301 Dear Dylan, The LaBella Associates (LaBella) thank you for the opportunity to present this proposal for engineering and construction phase services in support of improvements to a key segment of Church Street Alley, located in the heart of the City of Troy. This proposal outlines the scope and costs for services, by task, to be performed by LaBella’s team. PROJECT AREA AND UNDERSTANDING In working hand in hand with the City of Troy on improvements to Franklin Alley from 2019- 2020, LaBella has gained a thorough understanding of the design vocabulary (hardscapes, pavement, accessibility, etc.) that the City is looking to replicate on this key segment of Church Street Alley from Ferry Street to State Street. Project Area / Extents of Survey  GENERAL SCOPE OF SERVICES Based upon our understanding, we offer the following scope of services to support the design and construction of improvements within the noted project areas: Task 01 | Topographic Survey Scope: LaBella will complete topographic survey of the City R.O.W. along Church Street Alley between Ferry Street and State Street in the City of Troy, NY - the area outlined in blue. All surveying will be completed in accordance with the “Code of Practice” as adopted by the New York State Association of Professional Land Surveyors. The survey will demonstrate the location and description of all property boundaries, site improvements, easements and rights of way of record. LaBella will complete research which is normal to the completion of surveys completed under the above referenced code. We do; however, recommend that an abstract of title be completed by a local title company. This will assure that all recorded easements and rights of way of record are discovered. The Horizontal datum will be based on New York State Plane Coordinates (NAD83) and the vertical datum will be based on NAVD 88 as observed from GPS observations. A minimum of 2 permanent site benchmarks will be established. Topographic survey will include structures visible at ground surface, edge of woods lines, trees 8” and larger, roads, drives, and visible utilities. The 100-year flood elevation and OHWM will be referenced on the survey. Underground utilities will be shown to the extent possible based on surface evidence and maps of record. LaBella will attempt to contact utility owners and obtain existing underground utility locations within the project area. This coordination will be facilitated through the appropriate “One Call” center requesting “design mark out”. However, we are increasingly finding that some utility companies will not perform mark out for design surveys. Invert elevations will be determined based on measurements taken from the surface without entering the structure. Utilities will be shown in accordance with CI/ASCE 38-02, “Standard Guidelines for the collection and depiction of existing subsurface utility data”, Quality Levels “C” and “D”. Client Responsibilities: The client will arrange for all necessary permissions to allow LaBella and their employees to enter upon the lands of others as necessary to complete this proposed project, and to save and hold harmless LaBella its agents, servants, and employees from any claims for damages for trespass on the subject premises and adjoining lands. Schedule: LaBella is prepared to begin work within 4 weeks from authorization. It is expected that the final mapping would be available for delivery approximately 8 weeks from authorization. Assumptions and Limitations: Cost itemized herein are for those tasks specifically mentioned and do not include the following: • LaBella remains the owner of all survey notes, electronic files, computations, maps and drawings produced in connection with this work. • The City will arrange to have all sanitary and storm structures cleaned from debris prior to the field topographic survey. • Boundary survey and subsurface utility mark out is not included. • Rates are based on the current New York State Department of Labor Prevailing Wage Rates and Supplemental Benefits for survey field staff. 2 Task 02 | Pavement Core Sampling LaBella will perform 6 core samples staggered throughout each block in effort to characterize the existing pavement section, determine recommendations for pavement restoration/resurfacing and develop cost estimates. LaBella will provide a short written report of our findings to the City Engineer. Task 03 | Design Development & Construction Documents Design Development: LaBella will prepare a set of detailed site development plans for Church Street Alley that depict the proposed site improvements, in accordance with the following format. The set will be paired with a cost estimate that will be correlated with available funding for the project (i.e. CHIPS, National Grid, Business Owner contributions, etc.). a. Existing Conditions Plans: The topographic survey prepared for the project will be included in the Design Development plans with orthoimagery. b. Site Preparation and Removals Plans: This plan will define selective site elements to be relocated, removed, demolished, or abandoned. Limits of disturbance and temporary erosion & sediment control measures will be defined as well. c. Site Layout Plan: The Site Layout Plan will identity and layout proposed pavements, hardscapes, and site furnishings/amenities. This plan will also identify accessible routes and integrate locations of site-specific amenities/furnishings. Layout dimensions will be provided for pricing as well as to demonstrate conformance with applicable governmental requirements. d. Grading, Drainage and Utility Plan: The Grading, Drainage and Utility Plan will show proposed contours and spot elevations at critical control locations as required for drainage. This plan will also identify site utility adjustments, as needed. e. Lighting Plan: Given some of the site restraints (lower building heights & parking areas), LaBella will work with the City to create a lighting plan for the proposed commercial-grade string lighting that may include poles in addition to building support. A typical section will also be included to illustrate the height of attachment and center height above finish grade. f. Electrical Site Plan: LaBella will be partnering with Guth DeConzo for the electrical scope. The electrical site plan will show electrical improvements associated with the new lighting system, including an electrical panel, conduit, and secure programmable switches. It is assumed that modifications to existing telephone, cable television, or fiber optic lines will not be required g. Relevant Detail Sheets: Details will be developed for related site elements. Details will include pavement sections, electrical/lighting details, site amenities, site-specific details, and other detailing required to communicate site construction requirements. 3 It is assumed that up to four (4) design/coordination meetings may be required during this phase of the project (meeting w/ the City and vested business owners). Construction Documents: LaBella will advance contract specifications and construction drawings for the designed site improvements. Contract Drawings: The Design Development drawings listed above will be advanced to an appropriate level for public bidding purposes. Contract Specifications: LaBella will prepare Contract Specifications for submission to the City. The specifications will include contractual/administrative requirements and technical specifications supporting the Contract Drawings. LaBella’s standard documents including a draft construction contract, general conditions, and general requirements will be included. The specifications will include the following elements: • Division 00 – Procurement and Contracting Requirements • Division 01 – General Requirements • Division 02 thru 33 – Technical Specifications LaBella will revise the Contract Drawings and Specifications based upon comments received from the City’s review of a draft submission. Upon completion of this task, the final Contract Documents will be considered complete and suitable for bidding as a single-prime contract. Construction Estimate: LaBella will prepare an opinion of probable costs for the construction work. This estimate will be used to determine the base bid and potential add/deduct alternate bid items for the final Bid Documents. Task 04 | Construction Bid & Administration (If Requested) Bid Phase Services: LaBella will participate in the construction bid process by attending a pre- bid meeting, responding to queries from prospective bidders and prepare necessary addenda to the Contract Documents in a timely manner. Upon completion of the bid period, LaBella will review and evaluate the bids received and inform the City of any informality in the bids and provide a recommendation for award. Limitations: It is assumed that the City will coordinate bid advertisement. Bid document distribution will be provided through the City of Troy. A rebidding of the project would require additional fee. Construction Administration: LaBella will represent the City during construction for administration and observation of the contractor’s work. Our construction phase services will include the following, based on the durations listed below and, in the Schedule and Fee Summary: 4  a. Construction Meetings: For purposes of establishing a budget for the construction phase services, we anticipate a twelve (12) week period, and that weekly construction meetings will be required to ensure proper workflow and information exchange during construction (inclusive of a preconstruction and closeout meeting). LaBella’s project manager will prepare meeting agendas, lead the meetings with the City and Contractor and distribute meeting notes to all attendees. b. Periodic Site Observations: It is assumed that limited site inspections (approximately one per week) will be required of LaBella to verify that the construction of the site work is in general accordance with the site construction documents. We believe that by working with the City, full-time inspection services will not be required to administer the construction contracts. c. Submittals and Shop Drawing Review: LaBella will review submittals and shop drawings required by the project plans and specifications. LaBella requires one digital copy of each submittal and shop drawing reviewed for our records. d. Requests for Information/Clarification: During the construction period, LaBella will review requests submitted by the Contractor in the form of an RFI and prepare coordinated responses. e. Review of Payment Applications: LaBella will review the draft payment applications from the contractor and forward certified copies to the City with recommendation for payment. f. Project Closeout: LaBella will provide a punch list inspection for the purpose of issuing a certificate of substantial completion. Following completion of all punch list items, LaBella will perform a final project walk-through with the City and Contractor for purposes of project closeout and final payment. Limitations: Special inspections and testing are not included – assumed to be through/by contractor or City. Task RE | Reimbursable Expenses This scope of services includes only the cost for the preparation of the work as outlined above and does not include our direct expenses, such as mileage, overnight mailings, and photocopying and map reproductions. A budget has been included in the fee schedule for Reimbursable Expenses. ASSUMPTIONS AND LIMITATIONS The following items are presently not included in work to be provided by LaBella: • Design of improvements beyond the project area or City right of way • Public engagement / meeting • SEQR and cultural resource review • Traffic studies / impact evaluations 5  Firm Introduction SCHEDULE AND FEE SUMMARY LaBella proposes to bill each task as indicated in the following Fee and Time Schedule Summary. Invoices will be issued monthly for all services performed during that month and are payable upon receipt. Lump Sum tasks will be billed commensurately with the percentage of the task which has been completed. Task Fee Estimate Proposed Schedule Task Task LaBella Lump Time & Materials and Projected No. Description Sum Fees Sub-Consultant Fees Start / Duration Dates Start: 4 weeks from 01 Topographic Survey $6,600 Authorization (1) Duration: 8 weeks Start: 6 weeks from 02 Pavement Core Sampling $3,000 Authorization (1) Duration: 1-2 weeks Design Development & Start: Upon Task 01 Completion 03 $19,900 $10,000 (SUB) Duration: 5-6 Weeks Construction Documents $9,600 (2) Start: Upon Task 03 Completion Construction Bid 04 Duration: Up to 16 weeks, & Administration (IF REQUESTED) including bidding RE Reimbursable Expenses $100 (T&M) Sub-totals $29,500 $10,100 Total Estimated Fee $39,600 (Tasks 01-03 Only) (1) The proposed schedule listed for Tasks 01 and 02 is weather-dependent. (2) The fee for task 03 is shown for reference and is not included in the total estimated fee. LaBella will not proceed with task 03 unless authorized to do so by the City. If authorized, the lump sum fee would be added to the total estimated fee. AGREEMENT As formal authorization to proceed, please forward written notification in accordance with the City’s standard format (purchase order) for contract execution. We look forward to continuing our work together, and if you have any questions, please do not hesitate to contact me at (518) 266-7322 or khasselwander@LaBellapc.com. Sincerely, Kevin Hasselwander, RLA, ISA Senior Landscape Architect, Project Manager CC: Proposal Distribution List 6