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Herkimer County IDA holds public hearing on Turbo Machine Products project in Frankfort
Summary
Herkimer County Industrial Development Agency held a Dec. 18, 2024 public hearing on Turbo Machine Products’ request for sales- and mortgage-tax exemptions and a PILOT for a proposed 7,200 sq. ft. manufacturing and office facility at 102 Industrial Drive; no members of the public spoke and the hearing closed the same morning.
An unidentified speaker for the Herkimer County Industrial Development Agency opened a public hearing Dec. 18, 2024, to review an application from Turbo Machine Products seeking sales-tax and mortgage-tax exemptions and a payment-in-lieu-of-taxes (PILOT) agreement for a proposed manufacturing and office facility in the village of Frankfort.
The speaker said the legal notice for the hearing was published Dec. 6, 2024, in the Times Telegram and posted on the agency website, and announced the hearing location as Frankfort Village Hall, 110 Railroad Street. The speaker read that the agency received an application from Turbo Machine Products requesting assistance to acquire, construct, equip and finance the facility, and to consider lease/obligation-to-purchase arrangements with the company.
The application describes renovation, construction and equipping of a 7,200-square-foot manufacturing facility and office at 102 Industrial Drive in the Town of Frankfort (tax map number 112.74-1-59.2). The project’s estimated cost is $5,223,034. The speaker said a copy of the application and the agency’s cost-benefit analysis are on file at the agency office for inspection during business hours, and that a transcript and summary report of the hearing will be provided to agency members.
The speaker provided a written-comments contact: John J. Piesick Jr., Chief Executive Officer, Herkimer County Industrial Development Agency, 420 East German Street, Suite 101A, Kirkland, NY 13350, phone 315-866-3000. After inviting public comments, the speaker noted that no one other than the mayor was present and that no members of the public chose to speak. The hearing was declared closed at 8:45 a.m.
The hearing record and the agency’s application materials will serve as the formal public record for any future agency consideration of the requested tax incentives and PILOT agreement. No vote or formal action on the application was recorded during this session.
