Public Authorities Control Board

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About PACB
Meeting Notice
Proposed Agenda for Next Meeting
Webcast
Approved Resolutions from Last Meeting

All resolutions available below for viewing and duplication were, pursuant to Sections 50 and 51 of the Public Authorities Law, duly approved and enacted by the Public Authorities Control Board (PACB) at the Board’s June 15 and May 18 , 2022 meeting(s). These resolutions are true and correct copies of the approved enacted resolutions and the signatures appearing thereon are hereby certified to be those of the board’s members and/or the member’s legally designated representatives. The Secretary of the PACB maintains custody of all original approved enacted resolutions. As necessary, the PACB Secretary shall make available to any interested parties, affidavits certifying the authenticity of reproduced PACB resolutions retrieved from this website location.

Public Authorities Control Board Officers

Elyse Young, Secretary
Dylan Williams, Assistant Secretary

Meeting Notice

Regular and special meetings will be announced in advance on this site.

Next Meeting Agenda

Next regular meeting agenda will be available one week before the meeting.

NOTE: Projects may be added, amended or withdrawn prior to meeting.

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Webcast

In accordance with the Governor’s Executive Order, this PACB meeting will be webcast in real time and/or available as an on-demand webcast for up to 30 days after the meeting.

On-Demand Webcast

On-Demand webcast links are added as soon as available, and remain for 30 days.

To view the June 15, 2022 On-demand webcast, click the link below:

• June 15, 2022 On-demand webcast

To view the May 18, 2022 On-demand webcast, click the link below:

• May 18, 2022 On-demand webcast

If you experience a technical problem, contact your IT department, or email contact@nyn.suny.edu

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Approved Resolutions

Note: Approved Resolutions are in PDF format.

June 15, 2022 Meeting

June 15, 2022 Meeting meeting Agenda (PDF)

Empire State Development Corporation

Grants and Loans

• Approving grants via Regional Economic Development Councils for The Brewseum at Heritage Hill Capital (Onondaga County), Cambridge Security Seals Capital (Rockland County), Clifton Springs YMCA Capital (Ontario County) and Magellan Aerospace Expansion Capital (Suffolk County).
• Approving a grant via Buffalo Regional Innovation Cluster for USAN – 311 Rainbow Boulevard Mixed-Use Hotel/Residential Development Project (Niagara County).
• Approving a grant via Market New York for Brooklyn Bridge Plaza Market NY Capital (Kings County).
• Approving a grant via Restore New York Communities for City of Utica – 1900 Bleecker Street Rehabilitation Restore NY V (Oneida County).
• Approving a grant via Upstate Revitalization Initiative for Wynn Hospital Parking Garage Capital.
• Approving grants via New York State Lake Ontario Resiliency and Economic Development for R.T. Masters Inc. (Monroe County), Bay Village Condominium Association (Monroe County), Cornwall Family Lakefront Enterprises LLC (Wayne County), Martin’s Tidesides Marine Inc. (Wayne County), Hutchinson’s Boat Works, Inc. (Jefferson County), Navy Point Marine, Inc (Jefferson County), RJ Marine Associates Ltd (Jefferson County), French Bay, Inc (Jefferson County), French Creek Marina LLC (Jefferson County), Philip J. Randazzo (Jefferson County), Stony Pt. Marina (Jefferson County), Chippewa Yacht Club (St. Lawrence County), Riverbay Adventure Inn LLC (St. Lawrence County), Wilson Yacht Club, Inc (Niagara County) and Sandbar Associates LLC dba Mayer’s Marina (Monroe County).

Environmental Facilities Corporation

Loans

• Approving State Clean Water Revolving Fund – Direct Financing Projects for the Village of Marcellus (Onondaga County) and City of Middletown (Orange County). 
• Approving State Drinking Water Revolving Fund – Direct Financing Projects for the Village of Dering Harbor (Suffolk County).

Amendments

• Amending PACB Resolution No. 19-EF-779 previously approved on July 31, 2019 for the Clean Water State Revolving Fund in order to authorize a funding increase to the Village of Liberty (Sullivan County).
• Amending PACB Resolution No. 17-EF-717 previously approved on July18, 2017 for the Drinking Water State Revolving Fund Financing in order to authorize a maturity extension to the Town of Liberty (Sullivan County).
• Amending PACB Resolution No. 17-EF-721 previously approved on August 16, 2017 for the Drinking Water State Revolving Fund Financing in order to authorize a maturity extension to the Town of Prattsville (Greene County).
• Amending PACB Resolution No. 13-EF-605 previously approved on September 18, 2013 for the Drinking Water State Revolving Fund Financing in order to authorize a maturity extension to the Town of Essex (Essex County).
• Amending PACB Resolution No. 20-EF-803 previously approved on April 22, 2020 for the Drinking Water State Revolving Fund Financing (Storm Mitigation Loan Program) in order to authorize a maturity extension to the Water Authority of Great Neck North (Nassau County).

May 18, 2022 Meeting

May 18, 2022 Meeting meeting Agenda (PDF)

Empire State Development Corporation

Grants and Loans

• Approving grants via Regional Economic Development Councils for Deer Run Winery Expansion Capital (Livingston County), Town of Babylon Wyandanch Resource Center Capital (Suffolk County), No Limit Partners – 200 East Church Street Revitalization Capital (Chemung County), Syracuse Label Co. Inc. – Addition (Onondaga County), Glen Cove Piazza Capital (Nassau County), Fulton County – Tryon Technology Park Capital (Fulton County), Utica College Gordon Science Annex (Oneida County), Roswell Park Immuno-Oncology Capital (Erie County), Designatronics Expansion Capital (Nassau County).
• Approving a grant via Empire State Economic Development Fund for Bethel Woods 50th Anniversary (Sullivan County).

Dormitory Authority

Bond Issuances

• Issuance of fixed and/or variable rate, tax-exempt and/or taxable bonds on behalf of Barnard College. Proceeds may be used to refund all or a portion of the DASNY Barnard College Revenue Bonds, Series 2015A and Series 2020B. Bonds are expected to be sold through a negotiated offering and/or a private placement.  Expected Ratings: A2/NR/NR
• Issuance of fixed and/or variable rate, tax-exempt and/or taxable bonds on behalf of Memorial Sloan Kettering Cancer Center. Proceeds may be used to purchase all or a portion of 2 office buildings to be used for academic and corporate office space; purchase residential units to be used for employee housing; and fund renovations, improvements and equipment purchases at its clinical facilities. Bonds are expected to be sold through a negotiated offering, a competitive basis and/or a private placement.  Expected Ratings: Aa3/AA-/AA

Environmental Facilities Corporation

Loans

• Approving State Clean Water Revolving Fund – Direct Financing Projects for the Buffalo Sewer Authority (Erie County) and Washington County.

Amendments

• Amending PACB Resolution No. 17-EF-714 previously approved on May 17, 2017 for the Clean Water State Revolving Fund in order to authorize a project scope modification and maturity extension to the Village of Corinth (Saratoga County).
• Amending PACB Resolution No. 19-EF-779 previously approved on July 31, 2019 for the Clean Water State Revolving Fund Financing in order to authorize a project scope modification and funding increase to the Village of Saranac Lake (Franklin County). 
• Amending PACB Resolution No. 17-EF-718 previously approved on July 25, 2017 for the Clean Water State Revolving Fund Financing in order to authorize a maturity extension to the City of Newburgh (Orange County).

Housing Finance Agency

Affordable

• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of BDC Phase 1B (C3) Apartments for the new construction of a building containing 123 affordable residential units in Brooklyn (Kings County).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of Canal Street Apartments for the acquisition and adaptive reuse of a building containing 123 affordable residential units in Rochester (Monroe County).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of La Mora Senior Apartments for the new construction of a building containing 60 affordable residential units in Yonkers (Westchester County).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of Lion Factory for the new construction of a building containing 144 affordable residential units in Troy (Rensselaer County).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of Logan Fountain Apartments for the new construction of a building containing 173 affordable residential units in Brooklyn (Kings County)
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of Starhill Phase I for the new construction of a building containing 326 affordable residential units in Bronx (Bronx County).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of Tailor Square Apartments for the adaptive reuse of a building containing 134 affordable residential units in Rochester (Monroe County).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of West View Apartments for the new construction of a building containing 185 affordable residential units in New Rochelle (Westchester County).

Small Building Participation Loan Program

• Issuance of Small Building Participation Loan Program subsidy loan on behalf of Ford Block for the creation of low- and moderate-income housing in the City of Oneonta (Otsego County).

Mixed Income

• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of 405 West 206th Street (Lot 21) for the acquisition, construction and permanent financing of 224 units contained in one building in the City of New York (New York County).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of 407 West 206th Street (Lot 9) for the acquisition, construction and permanent financing of 474 units contained in one building in the City of New York (New York County).

Amendments

• Amending PACB Resolution No. 22-HF-883 previously approved on March 16, 2022 for the Ithaca Housing Authority Redevelopment in order to authorize an amendment to Section 3 of the effectiveness clause of the Original Resolution.
• Amending PACB Resolution No. 22-HF-879 previously approved on March 16, 2022 for the Whitney Apartments in order to authorize an amendment to Section 3 of the effectiveness clause of the Original Resolution.
• Amending PACB Resolution No. 21-HF-861 previously approved on July 21, 2021 for the Yates Village Phase II in order to authorize an amendment to Section 3 of the effectiveness clause of the Original Resolution.

New York State Energy Research and Development Authority

Bond Issuances

• Issuance of one or more series of bonds, Residential Clean Energy and Energy Efficiency Financing Green Revenue Bonds Series 2022A, in the aggregate amount not to exceed $40,000,000.  The Bonds will be issued to finance loans issued through the Green Jobs – Green New York Program to finance the installation of residential photovoltaic systems, residential air source or ground source heat pumps or energy efficiency measures.

Long Island Power Authority

Restructuring Cost Financing Orders

• Approving four Restructuring Cost Finance Orders in accordance with Section 3 of Part B of Chapter 173 of the Laws of 2013 (the “LIPA Reform Act”) as amended.  The orders approve the issuance of bonds by the Securitization Authority; and create the Restructuring Property, which is the right to bill and collect from customers the charges necessary to pay the Bonds and other Ongoing Financing Costs.  The Restructuring Property will be sold to the Securitization Authority in exchange for the net proceeds of the Bonds which will then be used to purchase, redeem or pay a portion of the target debt along with Upfront Financing Costs. The orders also approve several other agreements relating to the Restructuring Property and Charges between the Securitization Authority and LIPA.  Issuance of the bonds is pursuant to a finding by the Authority that the financing is expected to result in savings to consumers on a net present value basis.

Bond Issuance

• Issuance of Electrical System General Revenue Bonds to fund the costs of system improvements and other expenses, refund outstanding debt, and pay miscellaneous costs of issuance.

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