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Utica agency approves tax exemptions and PILOT for True Storage Utica LLC
Summary
The Utica Industrial Development Agency approved retail findings and a final authorizing resolution granting sales and mortgage-recording tax exemptions and a five-year real property tax reduction for True Storage Utica LLC, subject to a CEO certificate and council approval.
The Utica Industrial Development Agency on Aug. 20 approved a statement of retail findings and a final authorizing resolution to provide financial assistance to True Storage Utica LLC, including sales-tax and mortgage-recording-tax exemptions and a five-year reduction in real property tax, contingent on a certificate from the chief executive officer and subsequent council approval.
Agency members said the item comprised two parts: acceptance of retail findings and final approval of a…
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