11/28/22 IDA Board Meeting

The Ontario County IDA Board Meeting held on November 28, 2022, focused primarily on economic development and real estate projects, including discussions about High Point 100 and Broadstone Net Lease's plans to backfill and modernize office buildings. Broadstone representatives presented their company profile, emphasizing their commitment to environmental, social, and governance initiatives, and their plans for significant building upgrades including HVAC and electrical system modernization. The board approved motions related to sales tax exemptions and public hearings for these projects. Additionally, updates were provided on airport infrastructure projects, including sanitary sewer improvements and generator procurement, with plans to apply for state capital grants. The board also approved an extension agreement for FBO services and discussed financial statements showing stable budget performance. Motions were passed to accept reports and financials, and the meeting concluded with a move to executive session to discuss a potential real estate transaction at the airport, with no actions taken during that session.