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IDA adopts revised resolution authorizing bond counsel review for Nathan Galinski-related HUD concurrence
Summary
The board adopted a revised resolution clarifying that any execution by the IDA is subject to bond counsel review, related to a HUD concurrence matter and a project transfer involving Nathan Galinski.
The Herkimer County Industrial Development Agency on April 22 adopted a revised resolution that clarifies any execution by the IDA is subject to bond counsel review, in a matter tied to HUD concurrence and a transfer involving a project associated with Nathan Galinski.
Staff said the revised resolution reflected changes requested by the tax team and that the amendment makes explicit that IDA execution of documents is contingent on review and approval by bond counsel. The revision was circulated to the board prior to the vote.
Board members moved and seconded the revised resolution. The transcript records a roll-call style confirmation with the following affirmative votes recorded in sequence: Albert (yes), Avo Day (yes), Donna (yes), Mendel (yes), Danforth (yes), and additional affirmative names called including Reiki, Mando and others; the chair thanked the board after the tally was completed. No 'no' votes were recorded in the transcript excerpt.
Staff said the revision does not change substantive HUD requirements or project obligations; it only requires bond counsel review before final agency execution. The agency will proceed with the updated resolution language and follow up with counsel as needed.
