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2004-084RESOLUTION NO. 2004-084 RESOLUTION AUTHORIZING EXECUTION OF AGREEMENT WITH THE POUGHKEEPSIE/DUTCHESS EMPIRE ZONE At the regular meeting of the Town Board of the Town of Wappinger, Dutchess County, New York, held at Town Hall, 20 Middlebush Road, Wappingers Falls, New York, on the 9th day of February, 2004, at 7:30 p.m. The meeting was called to order by Joseph Ruggiero, Supervisor, and upon roll being called, the following were present: PRESENT: Supervisor - Joseph Ruggiero Council Members - Robert L. Valdati Vincent F. Bettina Joseph P. Paoloni Maureen McCarthy ABSENT: The following Resolution was introduced by M. McCarthy and seconded by V. Bettina WHEREAS, the Empire Zone program is a New York State program which makes financial incentives available to qualifying businesses that expand or locate in the zone; and WHEREAS, the Empire Zone Administrative Board has the responsibility for the successful implementation of the Empire Zone program in Dutchess County, consistent with requirements of the New York State Department of Economic Development (hereinafter referred to as Empire State Development); and WHEREAS, administration of the program is essential for an individual business to obtain and maintain Empire Zone Certification, thereby making it eligible to receive the financial incentives; and \\Vsrp03\Common\Wappinger\Town Board\RESOLUTIOMEmpire Zone.doc WHEREAS, the benefits of the Empire Zone are significant for economic development in the Town of Wappinger; and WHEREAS, the Empire Zone Administrative Board annually adopts a budget deemed sufficient to successfully administer the program; and WHEREAS, the Town Board finds that it is in the best interest of the Town to support and contribute to the Empire Zone program to promote economic development in the Town of Wappinger. NOW, THEREFORE, BE IT RESOLVED, as follows: The recitations above set forth are incorporated in this Resolution as if fully set forth and adopted herein. 2. The Town Board hereby elects and agrees to enter into a written Agreement between Poughkeepsie Dutchess Development, Inc. in substantially the same form as attached hereto marked and designated as Exhibit "A" and subject to any amendments recommended by the Attorney to the Town, Albert P. Roberts, to provide assistance to businesses as located in the Empire Zone and further authorize the payment of Twenty -One Thousand, Two Hundred and Fifty Dollars ($21,250.00) as the fee to be paid by the Town of Wappinger for the Empire Zone fiscal year of 2003-2004. 3. Supervisor Joseph Ruggiero is hereby authorized and directed to execute the Agreement between the Town of Wappinger and Poughkeepsie Dutchess Development, Inc. on behalf of the Town in substantially the same form as attached hereto. \\Vsrp03\Common\Wappinger\Town Board\RESOLUTIOMEmpire Zone.doc The foregoing was put to a vote which resulted as follows: JOSEPH RUGGIERO, Supervisor Voting ROBERT L. VALDATI, Councilman Voting VINCENT F. BETTINA, Councilman Voting JOSEPH P. PAOLONI, Councilman Voting MAUREEN McCARTHY, Councilwoman Voting Dated: Wappingers Falls, New York February 9, 2004 aye aye aye aye The Resolution is hereby duly declared adopted. a J. Morse, \\Vsrp03\Common\Wappinger\Town Board\RESOLUTIOMEmpire Zone.doc This agreement made this day of Agreement, by and between the Poughkeepsie Dutchess Development, Inc, a not -for —profit corporation with responsibility for implementation and administration of the Poughkeepsie Dutchess Empire Zone (hereinafter referred to as the Empire Zone Administrative Board) with administrative Offices at 3 Neptune Road, Poughkeepsie NY, and the Town of Wappinger, a municipal corporation, with its principal place of business at 20 N iddlebush Road, Wappingers Falls, New York- WHEREAS ork WHEREAS the Empire Zone program is a New York State program which makes financial incentives available to qualifying businesses that expand or locate in the zone; and WHEREAS the Empire Zone Administrative Board has the responsibility for the successful implementation of the Empire Zone program in Dutchess County, consistent with requirements of the New York State Department of Economic Development (herein after referred to as Empire State Development); and WHEREAS. administration of the program is essential for an individual business to obtain and maintain Empire Zone certification, thereby making it eligible to receive the financial incentives; and WHEREAS, the benefits of the Empire Zone are significant for economic development in the Town of Wappinger; and WHEREAS the Empire Zone Administrative Board annually adopts a budget deemed sufficient to successfully administer the program; and WHEREAS the budget is based on the successful application for a grant from Empire State Development and additional commitments from the municipalities benefiting from the Empire Zone; and WHEREAS, the Empire Zone Administrative Board has adopted a revenue policy, attached to this agreement; and Now, therefore, in consideration of the mutual covenants and promises contained therein, the Town of Wappinger and the Empire zone Administrative Board agree as follows: I . Empire Zone staff will assist businesses in the Empire Zone in the Town of Wappinger in completing certification documents and business annual reports and will properly file such records. 2. Empire Zone staff will assist zone businesses in obtaining current information regarding available incentives, including but not limited to the wage tax credit, Property tax refund, sales tax exemption, and income tax credit. 3. Empire Zone staff will provide routine business services, such as references to appropriate tax legislation, information regarding program changes, and referrals to other economic development resources as part of its on-going program of assistance to certified business. 4. Empire Zone staff will meet with property owners andlor representatives of prospective developers to help present Empire Zone incentives, identify and assess high priority development sites and the feasibility of Zone status of individual sites. 5_ The Empire Zone Board will provide to the Town of Wappinger, by September I of each year, a statement of the administrative costs required of the Town for the following calendar year. 6. The Town of Wappinger will remit to the Empire Zone $21,250 as the total fee for the Empire Zone fiscal year of 2003-2004 on or before February 1 of 2004, payable to PoughiceepsieOutchess Development Inc. 7. This agreement shall terminate on June 30, 2004. - IN WITNESS WHEREOF, the parties hereto have executed this Agreement. .Approved: Date Title: Poughkeepsie Dutchess Development, h= Px/2[14- We: L ev - own o appinger