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IDA grants preliminary inducement for True Storage Utica; public hearing authorized
5704776 · August 21, 2025
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Summary
The agency granted preliminary approval for tax exemptions and a five‑year property tax reduction for True Storage Utica LLC and authorized a public hearing on the inducement resolution.
The Industrial Development Agency granted preliminary inducement for True Storage Utica LLC, authorizing staff to proceed toward a public hearing and to finalize documents subject to counsel review.
Agency staff described the inducement resolution as providing sales tax exemptions valued at $262,500, mortgage recording tax exemptions valued at $37,500 and a…
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