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 September 15, 2021 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NOTE: Projects may be added, amended or withdrawn prior to meeting.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 September 15, 2021 On-demand webcast, click the link below:

• September 15, 2021 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.

September 15, 2021 Meeting

September 15, 2021 Meeting Agenda (PDF)

Empire State Development Corporation

Grants and Loans

• Approving grants via Regional Economic Development Councils for 611 Fay Street Capital (Oswego County), All Seasonings Ingredients, Inc. Expansion Capital (Madison County), Bronx Music Hall Capital (Bronx County), Currier/Gen-West Capital (Cayuga County), Oneida County Anaerobic (Oneida County), Rochester Childfirst Network Capital (Monroe County), Southampton Arts Summer Stage Capital (Suffolk County), Tessy Plastics Capital (Onondaga County) and Northside Mixed Use Capital (New York).
• Approving grants via Downtown Revitalization Initiative for 167-169 Main Street Improvements DRI 3 Capital (Tioga County).
• Approving grants via Market New York for FLX Grapes – Craft Beverage Agritourism Expansion (Steuben County).
• Approving grants via Upstate Revitalization Initiative for Crouse Hospital Chemical Dependency Treatment Facility Capital (Onondaga County) and Saranac Lake Civic Center Capital (Onondaga County).
• Approving grants via New York Works Empire State Economic Development Fund for BLN Electron-Ion Collider Capital (Suffolk County) and Onondaga County NBT Stadium Renovation Capital (Onondaga County).
• Approving the Brooklyn Developmental Center Land Use Improvement and Residential Project.

Bond Issuances

• Issuance of multiple series of tax-exempt and taxable, fixed and/or variable rate bonds issued at one or more times under the Sales Tax Revenue Bond Program and/or Personal Income Tax Revenue Bond Program. The projects to be financed or reimbursed include: Information Technology projects, Economic Development Initiatives, Housing Capital projects, Correctional Facilities, State Police Facilities, Youth Facilities, State Facilities, Transportation projects, Education projects, Statewide Equipment, Division of Military and Naval Affairs, SAM and Environmental projects and refunding of previously issued State supported debt. Bonds to be sold on either a competitive or negotiated basis, or a combination of both. Final maturity will not exceed 30 years.

Dormitory Authority

Bond Issuances

• Issuance of fixed and/or variable rate, tax-exempt and/or taxable bonds on behalf of Fordham University at one or more times for a term not to exceed 31 years. Proceeds may be used to refund all or a portion of the University’s Series 2012, Series 2014 and Series 2016A Bonds and to finance a portion of the costs associated with the renovation and expansion of the University’s campus center located on the Rose Hill Campus in the Bronx, and/or certain renovation, repair and replacement projects located on the University’s campuses. Bonds are expected to be sold through a negotiated offering and/or private placement.
• Issuance of multiple series of tax-exempt and taxable, fixed and/or variable rate bonds issued at one or more times under the Sales Tax Revenue Bond Program and/or Personal Income Tax Revenue Bond Program to refund all or a portion of certain bonds issued under various State supported debt programs, including but not limited to, DASNY’s Mental Health Facilities Improvement Revenue Bonds Series 2003D-2E, Series 2003D-2F and Series 2003D-2H; DASNY’s City University System Consolidated Fifth General Resolution Revenue Bonds, Series 2008C and Series 2008D; DASNY’s State Personal Income Tax Revenue Bonds (General Purpose) Series 2019C including termination of swaps related to the aforementioned bonds and the refunding of all or a portion of DASNY’s State Personal Income Tax Revenue Bonds (General Purpose) Series 2011E and Series 2011G. Bonds to be sold on either a competitive or negotiated basis, or a combination of both. Final maturity will not exceed 21 years.

Environmental Facilities Corporation

Loans

• Approving State Clean Water Revolving Fund – Direct Financing Projects for the County of Ontario, City of Amsterdam (Montgomery County), Town of Greenville (Greene County), Town of Machias (Cattaraugus County) and City of Middletown (Orange County).
• Approving State Clean Water Revolving Fund – Direct Financing Projects for the Village of Westhampton Beach (Suffolk County), Town of Highlands (Orange County), Village of Montour Falls (Schuyler County), Village of Phoenix (Oswego County), Village of Potsdam (St. Lawrence County), and Village of Watkins Glen (Schuyler County).
• Approving State Drinking Water Revolving Fund – Direct Financing Projects for the Village of Catskill (Greene County), Town of Pamelia (Jefferson County) and Town of Denmark (Lewis County).
• Approving State Drinking Water Revolving Fund – Direct Financing Projects for the Town of Hume (Allegany County) and Village of Cattaraugus (Chautauqua County).
• Approving State Revolving Funds Revenue Bonds and/or Long-Term Direct Financings on behalf of certain municipalities.

Amendments

• Amending PACB Resolution No. 19-EF-793 previously approved on December 18, 2019 for the Drinking Water State Revolving Fund in order to authorize a funding increase and project scope modification to the Saratoga County Water Authority (Saratoga County).
• Amending PACB Resolution No. 16-EF-697 previously approved on September 21, 2016 for the Clean Water State Revolving Fund Financing in order to authorize a maturity date extension to the Town of Oneonta (Otsego County).
• Amending PACB Resolution No. 16-EF-699 previously approved on October 19, 2016 for the Clean Water State Revolving Fund Financing in order to authorize a maturity date extension and funding increase to the Village of Vernon (Oneida County).
• Amending PACB Resolution No. 16-EF-704 previously approved on December 27, 2016 for the Drinking Water State Revolving Fund Financing in order to authorize a maturity date extension to the City of Dunkirk (Chautauqua County).
• Amending PACB Resolution No. 16-EF-693 previously approved on August 17, 2016 for the Drinking Water State Revolving Fund Financing (Storm Mitigation Loan Program) in order to authorize a maturity date extension to the Village of Dering Harbor (Suffolk County).
• Amending PACB Resolution No. 16-EF-694 previously approved on August 17, 2016 for the Drinking Water State Revolving Fund Financing (Storm Mitigation Loan Program) in order to authorize a maturity date extension to the Village of Dering Harbor (Suffolk County).

Housing Finance Agency

Affordable

• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of Woodcreek and Bateman Apartments for the acquisition and rehabilitation of 118 units of affordable rental housing located in the Village of Lowville and the Village of Gouverneur (Lewis and St. Lawrence Counties).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of Stone Ridge Apartments for the acquisition, rehabilitation and new construction of 153 units of affordable rental housing located in the Village of Herkimer (Herkimer County).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of 475 Bay Street Apartments for the new construction of 270 units of affordable rental housing located in Staten Island (Richmond County).
• Issuance of fixed-rate and/or variable-rate, tax-exempt and/or taxable bonds on behalf of 455 West 37^th Street for the refinancing of a 394-unit multifamily housing

Amendments

• Amending PACB Resolution No. 21-EF-842 previously approved on February 17, 2021 for 500 Main Street in order to confirm that the terms of the taxable bonds may include use of the Mandatory MBS Exchange.

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