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  • Alabama Accepted IP PDF

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    Alabama Accepted IP.pdf

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    20 tayangan12 halaman

    Alabama Accepted IP PDF

    Diunggah oleh

    Khristopher J. Brooks

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai PDF atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 12
    Hewvor« | Empire State ES" | Development REGIONAL COUNCIL AWARD — INCENTIVE PROPOSAL Town of Alabama February 29, 2016 This Incentive Proposal outlines the general terms and conditions of the incentive package being offered by Empire State Development ("ESD”)* to the Town of Alabama to assist with its Water Line Installation project in the Town of Alabama, Genesee County. This offer is subject to the availability of funds, completion of any applicable (1) non-discrimination and contractor diversity, (2) environmental and historic and (3) smart growth review requirements, approval by the ESD Directors, applicable statutes, and compliance with program requirements. “The New York State Department of Economic Development and the New York State Urban Development Corporation, d/b/a Empire State Development, are collectively referred to as ESD. |. GENERAL INFORMATION a) Recipient Name: Town of Alabama (the “Recipient") b) Contact Informatior Janet Sage Deputy Supervisor Town of Alabama 2218 Judge Road Oakfield, New York 14125 Phone: 585-948-9341 E-mail: alabamaclerk@rochester.rr.com €) Project Location(s): Town of Alabama, 14125 New York State Empire Zone: N/A d) Type of Business: Locality ) Number of Full-time, Permanent Employees at all NYS Locations as__N/A of Today's Date: f) Number of Full-time, Permanent Employees at Project Location(s) N/A as of Today's Date: 8) Number of Part-time or Seasonal Employees, or Full-time Contract N/A Employees at Project Location(s) as of Today's Date: ‘Town of Alabama Incentive Proposal Ul, PROJECT SPECIFICS, a) Project Descriptior b) Estimated Schedul Ml, PROJECT BUDGET You have informed us Page 2 February 29, 2016 ns Installation of approximately 114,200 linear feet of new water lines to support Western New York Science and Technology Advanced Menufacturing Park (STAMP) We: Begin: March 2016 Compiete: April 2017 Estimated ESD Directors’ Approval: May 2017 is that the following costs will be incurred to complete this project. It is understood that these costs are estimates, based on the best information available to date. If these figures change, please inform your ESD contact as soon as possible. Architectural/Engineering and other Soft Costs: IV. ESD INCENTIVES Regi cil Capi a} Amount: b) Use of Funds: ¢) Requirements: d) Financial Disclosure: infrastructure / Site Work: $6,801,357 : $1,198,643 Total Estimated Cost: $8,000,000 i Fund ~ Capital Grant ~ Pr ICEANS1251. $1,500,000 Reimbursement for a portion of installation of approximately 114,200 linear feet of water lines to the STAMP project site. Funds will be disbursed in lump sum upon project completion, as described in Sections II and lll above and as evidenced by attainment of a certificate of occupancy and/or other documentation verifying. project completion as ESD may require, and documentation verifying project expenditures of approximately $8,000,000. All disbursements require compliance with program requirements and must. be requested by no later than April 1, 2018. Expenditures incurred prior to December 10, 2015 are not eligible project costs and cannot be reimbursed by grant funds. Financial disclosure, consisting of three years of audited financials or three years of tax returns plus interim financials if the most recent financial report is older than six months, on Recipient and all corporate and personal guarantors acceptable to ESD must be provided prior to ESD Directors’ approval. Town of Alabama Page 3 Incentive Proposal February 29, 2016 General Requirements = equi ‘The Recipient will be cequired to contribute @ minimum of 10% of the total project cost in the form of equity Contributed after tie Recipient's written acceptance of ESD’s incentive Proposal. Equity Is defined as cash injected into the project by the Recipient or by investors and should be auditable through Reciplent financial statements or Recipient accounts, if so requested by ESD. Equity eannct be borrowed money secured by the assets in the project Fees: ‘The Recipient will provide a $250 Application Fee, due when this Incentive Proposal is returned and a 196 commitment fee ($15,000), due after £50 Directors’ approval at the time a Grant Disbursement Agreement is executed, In addition, the Recipiont will reimburse ESD for any direct expenses incurred in connection with this project; including costs ‘elated to holding a public hearing, attorney fees, appraisals, surveys, title insurance, credit searches, filing fees, and ‘other requirements deemed appropriate by E50. = Non-

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