Welcome to the
Town of Colonie
Industrial Development Agency (IDA)
John Kearney
Chairman
Sean M. Maguire, AICP CEcD
CEO
The Crossings: a great place to relaxGrowth of ColonieMeeting ScheduleIDA Applications
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Public Notice(s)

Note:

To protect public safety during the State of Emergency triggered by COVID-19, the Board will conduct its meetings and hearings remotely in accordance with Executive Order 202.1 and 202.15 and as extended by subsequent orders. The Town has implemented business continuity measures that allow meetings to continue with public engagement. Please take note of the following options for viewing or participating in this meeting.
1. To view the meeting, please visit the Town’s YouTube channel using the following link and you will be able to watch a live stream.
2. To provide public comments at this meeting, please register with the following link and you will receive additional instructions.

 

NOTICE OF PUBLIC HEARING

ON PROPOSED PROJECT AND GRANTING OF FINANCIAL ASSISTANCE

Notice is hereby given that a public hearing pursuant to Section 859-a(2) of the General Municipal Law of the State of New York (the “Act”), will be held by the Town of Colonie Industrial Development Agency (the “Agency”), on January 25, 2021, at 6:00 p.m., in connection with the Project described below. Pursuant to Executive Order 202.1 (2020), issued and further extended by the Governor of the State of New York, the Agency will hold the public hearing remotely by a video/audio conference as described below.

BLK Property Ventures LLC (the “Real Estate Holding Company”) on behalf of themselves and/or entities formed or to be formed on behalf of the foregoing and Kasselman Solar LLC and Albany Electrical Supply, LLC (the “Operating Companies”), has presented an application (as amended, the “Application”), to the Agency requesting that the Agency consider undertaking a project (the “Project”) for the benefit of the Real Estate Holding Company and the Operating Companies consisting of the following: (A)(1) the acquisition of an interest in approximately 1.87 acres of real estate located at 33 Irving Place, Menands (tax map no. 55.10-2-2.11) in the Village of Menands, Town of Colonie, Albany County, New York (the “Land”), the renovation, reconstruction, equipping and furnishing of an approximately 40,000 square foot building located on the Land (the “Improvements”), and the acquisition and installation therein and thereon of various building materials, furniture, fixtures, machinery, equipment and personal property not part of the Equipment (the “Facility Equipment” and, together with the Land and the Improvements, the “Company Facility”), which Company Facility is to be leased and subleased by the Agency to the Real Estate Holding Company and further subleased by the Real Estate Holding Company to the Operating Companies, and (2) the acquisition and installation of certain various building materials, furniture, fixtures, machinery, equipment and personal property (the “Equipment” and, together with the Company Facility, the “Project Facility”), which Project Facility will be used by the Operating Companies for corporate headquarters, office and warehouse space in connection with their businesses of electrical contracting and solar panel installation and related uses; (B) the granting of certain “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing, including potential exemptions from sales and use taxes, transfer taxes and real property taxes (collectively, the “Financial Assistance”); and (C) the lease (with an obligation to purchase) or sale of the Company Facility to the Real Estate Holding Company or such other person as may be designated by the Real Estate Holding Company and agreed upon by the Agency and the lease (with an obligation to purchase) or sale of the Equipment to the Operating Companies or such other person as may be designated by the Operating Companies and agreed upon by the Agency.

The Real Estate Holding Company will be the initial owner of the Project Facility and the Operating Companies will be the initial operators of the Project Facility.

Interested members of the public are invited to submit their comments for the public hearing by emailing pedd@colonie.org before 4:00 pm on January 25, 2021 or to register following the link on the Agency’s main webpage at http://www.colonieida.org under “Announcements” to be able to listen and participate in the proceedings. If you do not want to participate in the hearing, but would like to watch or listen to the proceeding, you may view a livestream of the meeting. Interested parties may view a livestream of the meeting online on the Agency’s website YouTube channel. To access the YouTube channel go to the Agency’s website at http://www.colonieida.org under “Announcements” and follow the link to the Town of Colonie YouTube page where the livestream will be available. If you would like to access the Agency livestream page directly from your browser you may insert the following World Wide Web address: https://www.youtube.com/channel/UCAEwcIkO-Rthar8R38fU2Kg.

A copy of the Application, which provides further details regarding the Project and the Financial Assistance requested by the Real Estate Holding Company and the Operating Companies, is available for public inspection on the Agency’s website (http://www.colonieida.org) or by contacting the Agency at (518) 783-2741.

TOWN OF COLONIE INDUSTRIAL DEVELOPMENT AGENCY

Dated:  January 11, 2021

Sean Maguire
Executive Director

 

PUBLIC NOTICE

TOWN OF COLONIE INDUSTRIAL DEVELOPMENT AGENCY
(NOT A LEGAL NOTICE)

 

Notice is hereby given that a meeting of the Audit Committee of the Town of Colonie Industrial Development Agency shall be held on Monday, January 25, 2021 at 5:15 p.m.

Notice is hereby given that a meeting of the Finance Committee of the Town of Colonie Industrial Development Agency shall be held on Monday, January 25, 2021 at 5:30 p.m.

Notice is hereby given that a meeting of the Governance Committee of the Town of Colonie Industrial Development Agency shall be held on Monday, January 25, 2021 at 5:45 p.m.

Notice is hereby given that a meeting of the Full Board of the Town of Colonie Industrial Development Agency shall be held on Monday, January 25, 2021 immediately following meetings of its committees at 6:00 p.m.

TOWN OF COLONIE INDUSTRIAL DEVELOPMENT AGENCY

Dated:  January 11, 2021

Sean Maguire
Executive Director