Public Authorities Control Board

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All resolutions available below for viewing and duplication were, pursuant to Sections 50 and 51 of the Public Authorities Law, duly approved and enacted by the Public Authorities Control Board (PACB) at the Board’s September 13, 2023 meeting(s). These resolutions are true and correct copies of the approved enacted resolutions and the signatures appearing thereon are hereby certified to be those of the board’s members and/or the member’s legally designated representatives. The Secretary of the PACB maintains custody of all original approved enacted resolutions. As necessary, the PACB Secretary shall make available to any interested parties, affidavits certifying the authenticity of reproduced PACB resolutions retrieved from this website location.

Public Authorities Control Board Officers

Elyse Young, Secretary
Dylan Williams, Assistant Secretary

Meeting Notice

Regular and special meetings will be announced in advance on this site.

Next Meeting Agenda

Next regular meeting agenda will be available one week before the meeting.

NOTE: Projects may be added, amended or withdrawn prior to meeting.

Webcast

In accordance with the Governor’s Executive Order, this PACB meeting will be webcast in real time and/or available as an on-demand webcast for up to 30 days after the meeting.

On-Demand Webcast

To view the September 13, 2023 On-demand webcast, click the link below:

• September 13, 2023 On-demand webcast

If you experience a technical problem, contact your IT department, or email contact@nyn.suny.edu

Approved Resolutions

Note: Approved Resolutions are in PDF format.

September 13, 2023 Meeting

September 13, 2023 Meeting Agenda (PDF)

Empire State Development Corporation

Grants and Loans

• Approving grants via Regional Economic Development Councils for Syracuse Cooperative FCU Capital (Onondaga County), Agri-Mark Capital (Franklin County), Village of Cooperstown 22 Main Street Capital (Otsego County), NYBG – Haupt Conservatory Capital (Bronx County), Jacobs Institute Medical Device Innovation Capital RC6 (Erie County), Prison City Brewing Capital (Cayuga County), Capital District Cooperative Farmers Market Expansion Capital (Albany County), James Newbury Hotel and Wire Event Center Capital (Greene County), City of Oneida WWTP Improvements (Madison County), Buffalo Film Works Capital (Erie County), Kleinhans Music Hall Capital (Erie County), XTO Inc. Machine Expansion Capital, Peconic Shellfisher and Solar Improvement Capital, Werfen Building Expansion and Renovation, Maple Hollow Farm Capital and Fishkill Farms Craft Cider Project.
• Approving grants via Market NY Fund for The New York Botanical Garden (Bronx County), BBG Woodland Garden and Accessibility Improvement Capital (Kings County) and BBG Overlook Accessibility Capital (Kings County).
• Approving a grant via Regional Economic and Community Assistance Program for Kleinhans Music Hall Repairs and Upgrades (Erie County).
• Approving a grant via Upstate Revitalization Initiative Fund for Imperium3 Lithium-Ion Giga-factory Capital (Broome County).
• Approving grants via Buffalo Regional Innovation Cluster Fund for Nash Lofts ESCEDF (Erie County) and City of North Tonawanda Smart Growth Capital (Niagara County)
• Approving a grant via Economic Transformation Program Fund for Agri-Mark Capital (Franklin County).
• Approving a grant via Empire State Economic Development Fund SCIP: Stony Brook Environmental Monitoring of Nitrogen.
• Approving a grant via Local Assistance – Base Retention Fund for UAS Skydome Base Retention Capital (Oneida County).

Bond Issuances

• Issuance of multiple series of tax-exempt and taxable, fixed and/or variable rate bonds issued at one or more times under the Sales Tax Revenue Bond Program and/or Personal Income Tax Revenue Bond Program. The projects to be financed or reimbursed include the following: Economic Development, Housing, SUNY, Statewide Equipment, Information Technology, Division of State Police, NYPA, Division of Military and Naval Affairs, Youth Facilities and Environmental. Bonds to be sold on either a competitive or negotiated basis, or a combination of both. Final maturity for new bonds will not exceed 30 years.

Dormitory Authority

Bond Issuances

• Issuance of fixed and/or variable rate, tax-exempt and/or taxable bonds on behalf of AMDA, Inc. at one or more times for a term not to exceed 30 years. Proceeds may be used to refinance the AMDA, Inc. Series 2015 and Series 2018 Bonds issued by Build NYC and a 2015 taxable bank loan, and fund various renovation and deferred maintenance projects. Bonds are expected to be sold through a private placement. Expected Ratings: NR

Environmental Facilities Corporation

Loans

• Approving State Clean Water Revolving Fund – Direct Financing Projects for the Village of Carthage (Jefferson County), Town of Cherry Creek (Chautauqua County), Village of Depew (Erie County), Albany Municipal Water Finance Authority (Albany County), Village of Lake George (Warren County), New York City Municipal Water Finance Authority (New York County) and City of Schenectady (Schenectady County).
• Approving State Drinking Water Revolving Fund – Direct Financing Projects for Saratoga County Water Authority (Saratoga County), City of Troy (Rensselaer County) and Town of Pamelia (Jefferson County).
• Approving State Revolving Funds Revenue Bonds and/or Long-term Direct Financings.

Amendments

• Amending PACB Resolution No. 18-EF-751 previously approved on October 17, 2018 for the Drinking Water State Revolving Fund in order to authorize a maturity extension to the Village of Cleveland (Oswego County).
• Amending PACB Resolution No. 17-EF-726 previously approved on October 18, 2017 for the Drinking Water State Revolving Fund in order to authorize a maturity extension to the Town of Esperance (Schoharie County).
• Amending PACB Resolution No. 18-EF-750 previously approved on October 17, 2018 for the Drinking Water State Revolving Fund in order to authorize a maturity extension to the Village of Lake Placid (Essex County).
• Amending PACB Resolution No. 18-EF-739 previously approved on June 20, 2018 for the Drinking Water State Revolving Fund in order to authorize a maturity extension to the Village of Schoharie (Schoharie County).
• Amending PACB Resolution No. 18-EF-748 previously approved on October 17, 2018 for the Clean Water State Revolving Fund Financing in order to authorize a maturity extension to the Village of Endicott (Broome County).

Housing Finance Agency

Affordable

• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of Troy Housing Authority Portfolio Preservation Bundle I: Griswold Heights for the rehabilitation of 392 residential rental units within 13 two-story buildings (Rensselaer County).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of Center City Courtyard for the acquisition and new construction of 164 residential rental units within a 5-story building (Monroe County).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of Mary the Queen Senior Apartments for the acquisition, adaptive reuse and rehabilitation of a 4-story, 73-unit senior rental building located in the City of Yonkers (Westchester County).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of Parliament Fairfield for the rehabilitation and generation of 103 revenue-generating residential rental units within 13 buildings in two affordable housing projects (Monroe County).

Mitchell Lama

• Issuance of Mitchell Lama Program subsidy loan on behalf of 753 Classon Avenue for the funding of capital improvements to 139 units of Mitchell-Lama housing (Kings County).

New Construction Program

• Issuance of New Construction Program subsidy loan on behalf of Vital Brooklyn BDC Phase IB Maintenance Hub Project to fund the new construction of two support buildings at the old BDC site as part of the Vital Brooklyn initiative in Brooklyn (Kings County).

Small Building Participation Loan Program

• Issuance of Small Building Participation Loan Program subsidy loan on behalf of 35 East Morris Avenue to fund the preservation of low- and moderate-income housing in the City of Buffalo (Erie County).
• Issuance of Small Building Participation Loan Program subsidy loan on behalf of 356-370 Bayview Avenue to fund the creation of low- and moderate-income housing in the Town of Hempstead (Nassau County).
• Issuance of Small Building Participation Loan Program subsidy loan on behalf of 556 Main Street to fund the creation of low-and moderate-income housing in the City of Poughkeepsie (Dutchess County).
• Issuance of Small Building Participation Loan Program subsidy loan on behalf of 584 Main Street to fund the creation of low-and moderate-income housing in the City of Poughkeepsie (Dutchess County).
• Issuance of Small Building Participation Loan Program subsidy loan on behalf of 733 Portland Avenue to fund the preservation of low-and moderate-income housing in the City of Rochester (Monroe County).
• Issuance of Small Building Participation Loan Program subsidy loan on behalf of Salina 1st to fund the creation of low-and moderate-income housing in the City of Syracuse (Onondaga County).

SONYMA

Homeowner Mortgage Revenue Bonds

• Issuance of Homeowner Mortgage Revenue Bonds to continue to fund SONYMA’s mortgage programs and to generate cash flow savings through refundings. The Bonds will include economic refunding bonds and new money and replacement refunding bonds.