October 29th, 2026 Utica Harbor Point Development Corp Meeting

At the October 29, 2026 Utica Harbor Point Development Corp. meeting, the board approved an amendment to the purchase and sale agreement for Harbor Point property. The stated purchase price was $458,150; the corporation also discussed approximately $476,000 remaining on NBT Bank debt, about $28,500 in closing costs, and anticipated net proceeds of $429,650. The amendment removes the requirement for the buyer to pay approximately $125,576 in previously incurred engineering costs at the property closing. Instead, the buyer will pay when its construction financing closes and receive the related engineering work product; the discussion also addressed the purchaser’s request not to use a promissory note. Easement descriptions and maps were still being finalized, with conveyance and signatures to follow once documents were complete.

The buyer presented plans for a new building, with construction expected to start around mid-January to mid-February after title is obtained and take about 15 months. Members also reviewed Harbor Point welcome-sign concepts and discussed a larger-area sign option, with an indicated budget of roughly $800,000 and required state DOT approval. No sign design or award was approved in the discussion; participants said the sign should be included as an allowance in the contract while the project moves toward bidding, reportedly planned for the following month.