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Agency approves sale assignment for Mac Clark properties and tax exemptions tied to pilot adjustments
Summary
The agency consented to the sale and lease assignment to Mac Clark Properties LLC, approved sales- and mortgage‑tax exemptions and a five‑year property tax reduction, and revised a pilot arrangement for a former Mana/ABC Chem Dry site.
The Utica Industrial Development Agency approved a package of actions related to Mac Clark Properties, including consent to a sale and assignment of existing lease‑back documents, preliminary approval of tax exemptions and a revision of a pilot tax incentive tied to a former Mana/ABC Chem Dry property.
The board voted to consent to the sale and assignment of the lease‑back documents to Mac Clark Properties LLC and then approved an inducement resolution granting preliminary approval for financial assistance that includes exemptions…
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