7/22/24 IDA Meeting

The Ontario County Industrial Development Agency (IDA) held a meeting on July 22, 2024, focusing primarily on economic development and airport funding issues. A key procurement-related discussion involved a project by a sheet metal parts manufacturer planning to invest $2.5 million in a vacant building in Victor, creating 18 jobs over 10 years. The IDA approved a PILOT (Payment in Lieu of Taxes) benefit along with sales and mortgage tax exemptions, supported by a cost-benefit analysis presented by MRB Group. Additionally, the meeting addressed the financial challenges of operating the county airport, including budget shortfalls and the need for sustainable funding. The board discussed issuing a Request for Proposals (RFP) to lease the airport to a third party as a potential solution, with a motion passed to request McFarland Johnson to provide a cost estimate for preparing the RFP. The meeting also covered ongoing capital improvement projects, utility payments, and administrative matters, emphasizing the urgency of securing long-term airport funding and exploring alternative management options.