Sentences with phrase «ida approved»

The IDA approved the funding arrangement on Wednesday.

One of the more intriguing rumors going around after the IDA approved the Park Point Pilot was that «neutral» County Executive Mike Hein had secretly prevailed upon the board to grant the Pilot it adopted last week.

Miner filed a lawsuit this month seeking to halt the project after the Onondaga County IDA approved tax breaks for COR Development Co., the Inner Harbor developer that acquired the land from the city.

But the board took a more skeptical view of the Christian Science Reading Room project, which its developers, Peter and Rebecca McCauley, already estimate will generate a nearly 11 percent return on their investment without any tax breaks, and a nearly 28 percent return if the IDA approves the $ 35,000 in incentives they are seeking.

Not exact matches

She pointed out that the Syracuse IDA made no such demand last year when it approved exemptions from sales and mortgage recording taxes for COR's construction of an Aloft hotel, the first building in the Inner Harbor project.

New York IDAs estimate that 36,000 additional jobs were created in 2011, compared to the previous year, with 292 new projects being approved, or becoming active, over the same time period.

Since the study's publication, the IDA has approved tax breaks worth more than $ 7 million for eight hotels in price ranges the study explicitly discourages subsidizing.

But the IDA has also approved $ 7 million in tax breaks to do exactly what the consultant's report said not to: add to the city's «glut» of lower - quality hotel rooms.

The IDA has accepted the Hamister Group's application for $ 4.24 million in tax breaks, and will likely approve the deal at their next meeting, once a public hearing has been held.

Cuomo wants any IDA incentive package that would give away state sales tax money be approved by the Empire State Development agency.

The fund would be operated through the Regional Development Corp., or RDC, an affiliate of the Erie County IDA, which approved the loan program during its meeting on Wednesday.

IDAs now can exempt businesses from paying the 4 percent state sales tax on approved projects, without any oversight from the state.

IDAs for Erie County and five municipalities will soon be asked to approve a new county - wide policy allowing tax breaks for middle - income senior apartment buildings that meet certain criteria.

Parliament has approved a financing agreement between the government and the International Development Association (IDA), for the release of $ 40 million as additional finance for the Ghana Secondary School Education Improvement Project (SEIP).

Likewise, countywide IDAs would have to approve abatements involving county property, sales and mortgages taxes.

The governor says the change will keep IDAs accountable by requiring them to have projects that involve state tax exemptions to be approved by the regional councils.

Moreover, Cuomo's proposal, if it had been in effect from 2010 - 2012, would have prevented support for more than 70 % of the Erie County IDA's approved projects located in the City of Buffalo, including those such as the acclaimed Hotel @ the Lafayette.

According to the New York State Comptroller, the New Rochelle IDA has only ever approved projects for which it has done no cost - benefit analysis, for which it has relied entirely on developers for data and analysis of that data and never once bothered to evaluate the success of a completed project against the promised benefits put forth by the developers.

The policy, approved earlier this month by the Erie County IDA's policy committee and sent to each of the county's IDAs for consideration, would cover for - profit senior citizen housing projects where at least 90 percent of the units are rented to, and occupied by, people who are at least 60 years old.

A review by Kidera suggests the IDA board approved the bonuses in advance after first setting criteria for the performance - based incentives.

Sandy Mathes, the IDA's executive director since 2002 — formerly the county legislature's majority leader — revealed he benefitted from substantial bonuses for years approved by the IDA board.

Richard St. Paul, Louis Trangucci and Albert Tarantino, the three Republican members of the New Rochelle City Council have made a home rule request of New Rochelle's four Albany lawmakers — State Senators Jeff Klein and Suzi Openheimer and State Assembly Representatives Amy Paulin and George Latimer — requesting their assistance in «the drafting and filing of State legislation under Home Rule provisions to allow the City of New Rochelle to have full power to approve the New Rochelle Industrial Development Agency (IDA) decisions as it relates to granting benefits to IDA applicants.»

Two years ago, Cuomo sought to prohibit IDAs from aiding retailers, to restrict tax breaks to key industries, and to have his regional councils approve each IDA deal.

Buffalo, NY — The Erie County Industrial Development Agency's Board of Directors approved a new policy narrowing the scope of broader State law that allows IDA's to offer tax incentives to developers for market rate senior housing projects.

The IDA board unanimously approved the $ 6.7 million project after delaying action on the plan last month when Buffalo Mayor Byron W. Brown protested that the city did not receive sufficient advance notice of the company's plan to move.

An independent agency appointed by the legislature, the IDA is not bound by home - rule considerations, but has frequently stated in the past that it would not approve such deals with significant local opposition.

Parliament has approved an agreement between the government and the International Development Association (IDA) for a $ 30 million loan and a $ 10 million grant to finance the Ghana Statistics Development Project (GSDP).

For example, the IDA has also approved tax breaks for Corning to build a child care center, where around half of the children have parents who work for the company, and a parking ramp reserved for its employees — facilities that serve the local workforce and could not be moved elsewhere.

The victors, both Democrats, have promised more public disclosure and input before tax breaks are approved by the IDAs.