This Meeting of the Guilderland Industrial Development Agency has been cancelled. According to the Town's website:

"Please be advised the IDA meeting scheduled for Tuesday, July 25, 2023 at 7:00 p.m. has been CANCELLED.  The next meeting is scheduled to take place on Tuesday, August 22, 2023 at 7:00 p.m."

The agenda for this meeting of the Guilderland Industrial Development Agency can be found here. There are several items of interest on the agenda:

Old Business

1. Local Hiring Policy

2. Banking Relationship

3. Review of status of Releaseco/Costco Project and Public Hearing comments

New Business

1. Consider appointment of Appraisal Firm for valuation of Town Roads

At this meeting it shall be determined by vote whether or not to grant Pyramid Corporation a $2M + tax abatement of the sales tax of the materials to build the COSTCO retail facility.

In addition, the members of the IDA will vote whether to use eminent domain in order for the Town to give the roadways in the development to Pyramid Corporation.

There is speculation within the legal community that using eminent domain to provide a private corporation with real estate for its COSTCO facility is illegal.

The purpose of the 1969 eminent domain law was to provide public entities the right to take private property and use it to provide the public with a public benefit. A typical example of such a taking is the construction of an interstate highway on private land that has been taken by a public entity using eminent domain.

As a matter of fact an Article 78 is in the works, as we go to press, to challenge the IDA's ability to grant the tax abatement or eminent domain of the roadways.

The Agenda for this Meeting of the Guilderland Industrial Development Agency can be found here. There are 2 items of interest on the agenda, both of which are included in a Public Hearing regarding the Costco project at Crossgates Mall:

• Public Hearing 7:00 P.M.: Releaseco(Also Known As Pyramid) LLC Project COSTCO -- IDA
• Public Hearing 7:30 P.M.: Releaseco(Also Known As Pyramid) LLC Project COSTCO - Condemnation Public Hearing

The CANCELLATION of this Meeting of the Guilderland Industrial Development Agency can be found here.

COSTCO PROJECT  This Meeting of the Guilderland Industrial Development Agency can be found here. There is a major item on the agenda regarding Crossgates Mall and their Costco project:

• Consider request from Crossgates Releaseco, LLC, regarding the Costco Project.

• • Application Presentation 
  • Consideration of Public Hearing Resolution 
  • Consideration of Funding Agreement Resolution 
  • Consideration of Appraiser Solicitation Resolution

This Meeting of the Guilderland Industrial Development Agency has been cancelled.

This Meeting of the Guilderland Industrial Development Agency can be found here. There is only 1 item of interest on the agenda:

• New Business. Consider adopting the 2023 Housekeeping Resolution.

The Industrial Development Agency meets on Tuesday, July 26, 2022. There is only one item on the agenda and that is a request from the Town Supervisor or financial assistance for the Comprehensive Plan RFP.

This Meeting of the Guilderland Industrial Development Agency has been cancelled.

The agenda for this Meeting of the Guilderland Industrial Development Agency can be found here. There are 2 items of interest at this meeting:

• Presentation by Supervisor Barber
   

• Public Hearing. Proposed Remote Access Policy whereby meetings can be held remotely according to the provisions of Section 103-a(2)(a) of the Public Officers Law of the State of New York (the “Videoconferencing Law”) passed by the New York Legislature (04/09/2022).