City of Salamanca

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Industrial Development Agency

 

 

Contact Information:


Ruthe Riehle, Finical/Program Administrator (716) 945-3171 rriehle@salmun.com
 

Board Members


Barry Yuhas, Chair
William Labuhn, Vice-Chair
John Schey
Jack Hill
Carmen Vecchiarella
 
 

   
Agency Mission:

To foster the growth of private sector employment and

  investment in the City of Salamanca, and support the economic development of the region.
   

   
Eligible Projects: Manufacturing
  Commercial
  Retail
  Industrial
  Educational/Cultural
  Recreation
  Research and Development
   

 
Types of Assistance
 
Seek and Administer State and Federal Funds
 
  Whenever practical, external funding assistance is sought from state and/or federal sources and administered by the agency to augment overall project financing. Partner agencies have included U.S. Dept. of Housing and Urban Development, United States Department of Agriculture, NYS Office for Small Cities, and the NYS Office for Community Renewal.
 
Administer Revolving Loan Fund
 
  Activities funded are subject to HUD regulations and therefore must meet one of the following objectives: benefit low to moderate income persons, prevention or elimination of slums or blight, or meet community development needs having particular urgency (i.e. serious and immediate threat to health or welfare).

The Agency may authorize loans for facility construction, acquisition, rehabilitation, or improvement of industrial or manufacturing facilities, research and development facilities, or other eligible business facilities located within the city.

In addition, the agency may also finance a portion of the cost of a firmís machinery and equipment to be used and located within the city.

 
Property Acquisition and Management
 
  The agency may also acquire and manage buildings and/or property for lease to private enterprise firms.  Such real property is exempt from property taxes, however the agency requires a negotiated schedule of payment in lieu of taxes (PILOT) arrangement.
 
Tax Abatements and Exemptions
 
  In addition to property tax abatements, other NYS tax benefits include exemption from mortgage and deed transfer taxes.
 
Sale of Bonds and Notes
 
Project Management
   

 

The 2010 work plan includes the following Agency and City of Salamanca initiatives:

 
Preserve and grow the industrial/manufacturing corridor (Rochester Street and Morningside Drive)
 
Main Street Redevelopment (including)
 
  Rehabilitation of 18 Main
  Rehabilitation of the Ray Evans Seneca Theater
 
State Park Area Economic Development Institutive
 
Urgent Care Center development
 
Compliance with applicable local, state and federal regulations and NYSEDC best practices recommendations
 
Administration of City, State, and Federal grant and loan programs
 
Commercial property management
 

 

Regular Monthly Meetings

 

Regular monthly meetings are held on the second Tuesday of every month.  Unless otherwise noted, meetings are held at 7:30pm in the City Hall conference room at 225 Wildwood Avenue.

 

 

Regular Board Meeting Agenda

 
1. Call to Order
2. Approval of past regular meeting minutes.
3. Correspondence
4. Section 8 Report
5. Executive Director Report
6. Old Business
7. Public Participation/Updates from Other Agencies
8. Accept Reports, Approve Transfers and Pay Bills
9. Executive Session, if necessary
10. Adjournment
 
 
 
 
225 Wildwood Ave
Salamanca, NY   14779
 
Phone:  (716) 945-3230
Fax:       (716) 945-5033

 

IDA  Hours:
 
Mon: 8:30 AM - 4:00 PM
Tues: 8:30 AM - 4:00 PM
Wed: 8:30 AM - 4:00 PM
Thu: 8:30 AM - 4:00 PM
Fri: 8:30 AM - 4:00 PM
 
 
 

Links:

2012 Independent Audit Report and Management Letter

2011 Net Assets

2011 Procurement Policy

2011 Real Property Schedule

Articles of Incorporation

ABO Budget

2015 SADC Budget

By Laws

Disposition of Real Estate and Personal Property Policy

Investment Policy

Multi-Agency Loan Application

 

Real Estate Acquisition Policy

Travel Policy

Uniform Tax Exemption Policy UTEP

Whistle Blower Policy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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