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IDA approves tax-exemption package for Mac Clark Properties; board member abstains

August 21, 2025 | Utica, Oneida County, New York


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IDA approves tax-exemption package for Mac Clark Properties; board member abstains
The Industrial Development Agency approved a final authorizing resolution granting financial assistance to Mac Clark Properties LLC that includes a sales tax exemption, a mortgage-recording-tax exemption and a five‑year real property tax reduction.

The aid package was described at the meeting as exempting about $10,938 in sales tax, $9,000 in mortgage recording tax and $12,282 in real property taxes over five years; agency staff said the total assistance is under the agency's $100,000 public‑hearing threshold. The board approved the resolution after a motion and voice vote; Board member John (board member) was recorded as abstaining because of his connection to Clark.

The resolution document presented to the board said the assistance is consistent with the agency's uniform tax exemption policy and that counsel would review and finalize the related closing documents. The agency noted it was not required to conduct a public hearing because the value of the assistance was below $100,000.

Board discussion on the item was brief; no public comments were recorded during the item. The motion passed by voice vote with an abstention noted for John.

The agency staff indicated that final documents will be returned for signature after counsel review and that the administrative and closing fees were reduced or waived as part of the package.

No additional conditions or implementation dates were specified in the meeting record.

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Scribe from Workplace AI
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