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Herkimer County IDA reviews promissory note and construction updates for Skyler Business Park
Summary
Staff presented a promissory note for the Skyler Business Park and updated the board on wetland-related title exceptions, a delayed developer timeline, and the start of entrance construction requiring utility and DOT coordination.
At a meeting of the Herkimer County Industrial Development Agency, staff reported on a promissory note tied to the Skyler Business Park land purchase and detailed site and schedule issues affecting project start-up.
The update matters because the promissory note documents the purchase terms for a property the IDA is helping prepare for industrial development, and wetland/title exceptions and utility work could delay construction and occupancies that the board and local leaders are counting on.
Victoria, a staff member, told the board the…
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