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Report |
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Consistent
with
the corporate
governance principals of full disclosure. accountability, and
transparenency embodied in the public Authorities Accountability Act,
public authorities, to extent practicable, are to make information
available to the public on their official Internet web sites.
Specifically, Sections 2800 (1)(b.), 2800 (2)(b.) and 2896 (1) of the
Act require Public authorities to provide certain information to the
Authority Budget Office (ABO), such as Mission description, summary of
activities, annual financial statements, budget, results of independent
audits, and guidelines of the disposition of property. At the
time this information is submitted to the ABO it should be posted the
the authority's web site.
The LCIDA is
commited to the principals of public disclosure and the transpartency
of the agencies financial and management information. This should
increase the public confidence in the practices and decisions
of the LCIDA.
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IDA
ENABLING STATUTE
The County of Lewis Industrial Development Agency (Agency) was created
during 1973 by the Board of Legislators of the County of Lewis under
the provision of Article 18-A of the General Municipal Law of the
State of New York (1973) for the purpose of encouraging economic growth
in the County. The Agency, although established by the Board of
Legislature of the County, is a separate entity and operates
independently of the County.
The Agency's function is to authorize the issuance of industrial
revenue bonds for industrial development projects and to assist
business in acquiring or constructing various facilities in order to
provide job opportunities and increase economic welfare. In
return for its efforts, the Agency receives application and closing
fees related to this business financing.
The
LCIDA provides financial assistance to qualified applicants (the
"Company")
in order to promote:
- the
economic welfare,
- prosperity,
- and
recreational opportunities for residents of Lewis County.
Anyone
considering a building project or other economic development activity
within
the county begins with a call to the LCIDA. The agency has the ability
to undertake:
- industrial
- research,
- manufacturing,
- warehousing,
- commercial,
- industrial
pollution control,
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- recreation,
horse racing,
- railroad,
- educational,
- cultural,
- civic
facilities,
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- life
care community projects,
- and
to issue bonds, either tax exempt or taxable, to help finance such
projects.
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LCIDA
FEE SCHEDULE
Based on the amount of the total project
induced by the IDA
- 1% of the firsst $10,000,000
- 1/2% of the next $10,000,000
- 3/8% of the next $40,000,000
- 1/4% of any remaining amount
March 5, 1997
Board of Directors passed a motion amending this schedule if the
project totals less than $500,000. Fees will be decided on a
case-by-case basis for these projects.
We
live in an exciting era of economic change on state, national, and
global
levels. Our agency, along with other county organizations and
officials,
is taking steps to ensure that we make good use of these new
opportunities.
We are concentrating on building awareness, both inside and outside the
area, of the many advantages our county has to offer, and showing
businesses
and individuals how to benefit from these strengths. Every Lewis County
citizen is an advocate of economic growth.
We
commend the industries that are operating profitably in Lewis County.
It
is they, with their foresight, planning, and hard work, along with
agencies
like ours who are creating long term, good paying jobs, that foster the
positive economic atmosphere of our wonderful area.
Please
contact the Lewis
County Industrial
Development Agency
at PO Box 106, Lowville, NY 13367 or by phone at (315) 376- 3014 for a
complete summary
on doing business in our
county. If you like, this information can include detailed information
about your specific type of business and a custom designed incentive
program.
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