[{"_1":2,"_111":-5,"_112":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6595721,"mediaKeyId","3026053-497655f172ea4b7c847605efb61a5476","parentId",3026053,"title","JLDC schedules developer forum April 30 to spotlight housing and adaptive reuse","audioSeconds",323,"startMs",2445010,"endMs",2768485,"viewUrl","/Search/View?dp=1&key=3026053-497655f172ea4b7c847605efb61a5476&start=2445&end=2768","thumbnailUrl","https://assets.pipeline.soar.com/3026053-497655f172ea4b7c847605efb61a5476/thumbnail_2445010.jpg","articleUrl","/articles/6595721/Jamestown/Chautauqua-County/New-York/JLDC-schedules-developer-forum-April-30-to-spotlight-housing-and-adaptive-reuse","mediaUrl","https://secure.pipeline.soar.com/6595721-af0e2b75dc98f3259c81494e3190ea28/orig.mp4?Expires=1775437342&Signature=RXSNro124A-RIKW5a8kkpoNEH6TtrnUpLd5iuRQx~SlSNwn3RZ2FzoSG8IKz-PVluwjsAk1AWPeGDYYJmJGrazppp3dzQn2s~xAsUKAwLb0noU5nXX~f9FNv51PR8Qnc95LzOiX0WFmhnsDHGQFgeGrJo6zuDAapVAALWusTBlAl2ao1OS6lbuUYgAKw9ufAN4nJkRkIARTBHM6-I4OER2MrC~8aailVz~~FONtQYdbNK8HN15Dj0awW1lNLFS9qcnKKggk7qvVJ-G6tpp77yQelJy8-6Ws1q5ycpnD3Zm7TpZlMZcHZqam985MOpQRGj1WWYINbnnNrZYDu9KbhDA__&Key-Pair-Id=KUT5TJCACFTXG","author","Town of Jamestown, NY","date","2025-04-16T22:26:56.757Z","article","The Jamestown Local Development Corporation announced a developer forum set for April 30 at Wicked Warren designed to connect local and out‑of‑town developers with state agencies and local partners.

Crystal, a JLDC staff member, said the forum — organized in partnership with the Board of Public Utilities, the IDA and the JRC — will include presenters from state agencies (Department of State, EEC, ESD and others) and will focus on housing opportunities, funding consolidation and development tools. \"We're really focusing on housing,\" Crystal said. She reported about 91 registrants at the time of the meeting and said two tracks would run: one on adaptive reuse of larger downtown buildings and a second on scattered‑site or infill development. The schedule includes morning presentations, lunch and afternoon tours (a bus tour for scattered‑site participants and a walking tour for adaptive reuse).

Staff said the mayor will give opening remarks and several state presenters are scheduled; local partners will also lead tours to highlight potential development parcels and strategies to use combined funding sources.

Registration deadlines and final logistics were discussed; staff encouraged board members and council members to stop by during the day.

The forum is intended to broaden developer interest in local housing projects and to build connections between local capacity and state funding sources.","mediaType","Video","parentTitle","April 16, 2025 - Jamestown Local Development Corporation","oneSentenceSummary","The Jamestown Local Development Corporation announced a developer forum on April 30 at Wicked Warren with state agency presenters and two development tracks focused on adaptive reuse and scattered‑site infill.","taxTitle","Jamestown, Chautauqua County, New York","taxId",51479,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6595725,"Auditor reports JLDC in strong financial position; board approves audited records and minutes",405,1878020,2283545,"/Search/View?dp=1&key=3026053-497655f172ea4b7c847605efb61a5476&start=1878&end=2283","https://assets.pipeline.soar.com/3026053-497655f172ea4b7c847605efb61a5476/thumbnail_1878020.jpg","/articles/6595725/Jamestown/Chautauqua-County/New-York/Auditor-reports-JLDC-in-strong-financial-position-board-approves-audited-records-and-minutes","https://secure.pipeline.soar.com/6595725-231eb06805889fa8356a9cfc10f55a23/orig.mp4?Expires=1775437342&Signature=fnOEI5Oyx~eSrVuM4ngC2yQpL2y9lwdiEhYe0sDzISIsaaza5n4alOM3BOeEYmkf8HzZs2LZYJMBArXgbWhLLgfpi-3QUyqP1Qa39Tu4SIgVkwCtQxAGmJCi4AfdsRR-8VQx4PFqwlJay7TroZGqb2LEm-6cuvV2~epNyAsQR8bngOS6ZFdb17lVbuhR2gD8JBPI501E9ESyjOdjWPp~uUjKiPzBYGmSM257dM5-VjYJ7ohig7M357JGCpREXRPbHHfvxawC6aOlmZrQttldYZLZmpdFuI-RuMaa8RLRggrOMtFXe7ToMQMb0VLdCSubifoxZWinVWBG7NOWRTgYDQ__&Key-Pair-Id=KUT5TJCACFTXG","An outside audit firm presented the Jamestown Local Development Corporation's audited financial statements and required communications and told the board JLDC holds a strong financial position.

Jared Picard, who identified himself as one of the audit managers on the engagement, reviewed the audit products and required communications. He said JLDC's primary audit opinion covers the financial statements and an additional government‑audit standard opinion addresses internal controls. \"We received full cooperation on everything we asked for,\" Picard said.

The presentation noted a significant rise in activity in 2023 tied to ARPA funds passed through by the entity; those funds created a large spike in both revenues and expenses in the statements. Loans receivable increased by roughly $530,000 during the audited period, driven by about $600,000 in new loans and approximately $70,000 in payments. The audit summary described an overall increase in net assets of approximately $663,000 for the year and characterized JLDC's position as \"very strong\" given cash and loan receivable balances.

The auditor recommended JLDC continue formalizing policies and procedures and strengthen internal control documentation to reduce the need for auditor‑proposed journal entries. Board members accepted the presentation and moved to approve the auditor communications, audited financial statements for the year ending December 31, 2024 (as adjusted) and the JLDC meeting minutes from Dec. 18, 2024; the motions carried.

Staff will file the audited statements and follow the auditor's recommendations on policy and control documentation improvements.","An independent auditor presented JLDC's audited financial statements showing increased loan receivables and net assets driven by ARPA pass‑through funds; the board approved the audit communications, minutes and the JLDC financial records.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6595730,"JLDC board approves referral to city council for larger loan request from Monroe Moore to buy equipment and expand services",313,373370,686615,"/Search/View?dp=1&key=3026053-497655f172ea4b7c847605efb61a5476&start=373&end=686","https://assets.pipeline.soar.com/3026053-497655f172ea4b7c847605efb61a5476/thumbnail_373370.jpg","/articles/6595730/Jamestown/Chautauqua-County/New-York/JLDC-board-approves-referral-to-city-council-for-larger-loan-request-from-Monroe-Moore-to-buy-equipment-and-expand-services","https://secure.pipeline.soar.com/6595730-2266b5871f233a66a874096d294c7f05/orig.mp4?Expires=1775437342&Signature=oUNjPRGt4uAy-h3FIICK4L5SkKBpZaiKqGA-obDlXJ5KrTG7qceh8WWGg3obElbCjbMVPKSQi3I9EZnsQciCYVBraO6ut8z3X3TtdOUHb~yrbXVFXxC9bYvDCbCiRgjywsdnqLX04JKF35T4IBI3rwxxgMKEw~nAj-nORpdHEW9OKhqGMZdwQH5pNUorUhox0geCRVxzPMZD2LazKHGoFA82uasEwtzOWMKZrnbnHEH1kDPF56kPYO-RGDpsm838cwcBEt14KYlraDR~DGGXeAfpyWKrjdPhjCN3eTeH9mDALGPKy2WwP485riM1ghrc6BQRWJVF3ihS1NZ44dOzBA__&Key-Pair-Id=KUT5TJCACFTXG","The Jamestown Local Development Corporation on a board vote approved forwarding a loan request from Monroe Moore (presented at the meeting) to the Jamestown City Council for secondary approval, as required for loans above $100,000.

Monroe Moore representatives described recent growth and an equipment plan intended to expand services, reduce subcontracting costs and speed project timelines. \"We just finalized our 2024 taxes and our statement shows a $235,000 income,\" a company representative said. The presenter said average revenue runs \"between $650,000 to $700,000 per quarter.\" The company asked JLDC funding to acquire a portable gutter‑forming machine, a spray‑foam insulation rig, a dump truck for demolition work, and related trailer and attachments to bring more work in‑house.

The presenter said the gutter machine can form 35‑foot lengths on site and claimed it could reduce labor and material time dramatically: \"we're able to do 35 foot of gutter in 1 minute on‑site.\" On demolition, the presenter said acquiring a dump truck and using a current dump trailer would cut disposal and dumpster leasing costs; he reported current bills of about $5,600 per dumpster plus $6,700 disposal fees on some jobs. Monroe Moore also described workforce plans with Jamestown Community College (JCC) to train new hires and said they expect to hire roughly two employees per new service line.

JLDC staff noted the loan would require JLDC to maintain first position on machinery, equipment and accounts receivable while the owner (identified in the meeting as Dylan) would provide a personal guarantee. Because the total requested exceeds $100,000, Crystal said the item must go to city council for secondary approval; staff said they would add the item to the council agenda for the next day and bring it to a work session.

Board members voted to approve the JLDC portion of the loan package and to forward the application and supporting materials to the city council. The board recorded protections in the draft collateral package: first‑position security on machinery and equipment, accounts receivable and other company assets, plus a personal guarantee from the owner. The board discussed environmental due diligence for a potential leased site on Washington Street and staff said they would pull historic environmental records and advise the applicant.

The JLDC motion carried at the meeting; staff will prepare the loan file, complete required collateral documentation and submit the proposal for council action.","Monroe Moore presented a loan request for equipment and working capital — including a gutter machine, spray‑foam rig and dump truck — and the JLDC voted to advance the request to city council for required secondary approval because the requested total exceeds $100,000.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6595734,"Jamestown LDC moves loan to second position to let local party-supply business refinance",76,45945,122720,"/Search/View?dp=1&key=3026053-497655f172ea4b7c847605efb61a5476&start=45&end=122","https://assets.pipeline.soar.com/3026053-497655f172ea4b7c847605efb61a5476/thumbnail_45945.jpg","/articles/6595734/Jamestown/Chautauqua-County/New-York/Jamestown-LDC-moves-loan-to-second-position-to-let-local-party-supply-business-refinance","https://secure.pipeline.soar.com/6595734-5ce2816dea44d210fd32d1314bc35ad7/orig.mp4?Expires=1775437342&Signature=Usbc1lxBNcMfBEB8QSYeg~7tvpHHPGQcCvUFEM~P773qakL5bxjSfT4IDckH~62rGoK5AQ6HDpwsFPLmgZfpRFhcS5Ri0Rfr3g7T7tCueLVfedBmq~gW2hn8Yv5gK3bGdvSupOwPpOia-zOwUX2G2PdHmMJybHaub4YMMrGl-AHjxhUkAsxefMoG7eM~FAkdfPbSUIGOtS9CZKIeNCZkeyHldQZCnKCvQIFpy3K~Kx9D3JNnH3S82TSVpXp6ZkyzlhRi8Hi4tGLXWE~IyFMDo5O9h0rRuzddpCsCXxBlRw~ySGLj98YFAt~sRtIEj~KUhneO7qjcJj-MPcWf70pIBw__&Key-Pair-Id=KUT5TJCACFTXG","The Jamestown Local Development Corporation on an administrative motion agreed to move its existing loan on a downtown warehouse to a second lien position so the borrower can refinance a higher‑interest bank loan and take cash out to expand operations.

The decision lets the business — identified at the meeting as Fire Guys LLC — take a new first mortgage with Northwest Bank and use the proceeds to pay off a 10.5% commercial loan and to purchase equipment. \"We are growing faster than we expected,\" said Mick Willis, a business owner. \"We'd like to add more employees to accommodate the increase in work.\" Luke Ames, another owner, said the refinancing would save money on interest and provide cash to buy a second truck and trailer and hire two more employees.

Crystal, a JLDC staff member, summarized the board's prior loan to the business last year for just over $97,000 and introduced the owners to explain why the change was needed. The board discussed the business's seasonal shift into year‑round service, including bounce houses in summer and a Christmas‑lighting service in winter, and noted the company's expressed need to expand to meet demand.

Board members moved and seconded the administrative motion to change JLDC's lien position to second and carried the motion. The change places JLDC behind Northwest Bank in the priority of mortgage claims on the warehouse but preserves the loan relationship and payment terms as adjusted.

The board recorded the action as an approved amendment to the loan terms; no further conditions were announced at the meeting.

The JLDC minutes will reflect the change in lien position and the board's vote, and the loan file will be updated by staff for administrative processing.","The Jamestown Local Development Corporation approved changing its loan lien position for a local party-supply business so the company can refinance a higher‑rate bank loan, freeing cash for expansion and hiring.","actionData","errors"]

Article not found

JLDC schedules developer forum April 30 to spotlight housing and adaptive reuse

Auditor reports JLDC in strong financial position; board approves audited records and minutes

JLDC board approves referral to city council for larger loan request from Monroe Moore to buy equipment and expand services

Jamestown LDC moves loan to second position to let local party-supply business refinance