Note the dates under the automatic renewal clause ... so any incoming administration has to abide by the contract for at least 364/365 days AFTER the start of the new administration.
WOW!!! The IDA just spent / signed away $2500/mo = $30,000/yr of taxpayers money to the metroplex.....AND.....if the IDA decides to terminate this agreement with the metroplex.....the IDA aka taxdollars....will have to pay the metroplex back for all monies spent by them. I believe that means that the taxpayers are gonna be in DEEP!
The plex just appears to be just one huge taxpayer's beast who's accomplishments consist of raising taxes and giving the 'select few' the benefits. IMHO
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Man the county dems. have really succeeded in getting their hooks deep into Rotterdam and it's taxpayers. Sue Savage the de facto Supervisor. What a freak'in joke.
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
...very few people know how this gang really acts, and what they are capable of...
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
...very few people know how this gang really acts, and what they are capable of...
oh,,,,they are capable of the same commun(ist/ity) that has been going on for decades in this county/city.....the only difference is there is not a 'giant employer' here with some counter balance....the sheeple have been dumbed down for a generation and 1/2 because of their incestuous school/union/DSS dealings....and the trickle down from the top in this state is just flooding Scumnectady........
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
ROTTERDAM Town IDA to be run by county IDA BY JUSTIN MASON Gazette Reporter
The Rotterdam Industrial Development Agency has ceded its administrative duties to the county’s development authority in an attempt to save money and spur development. The town IDA board members agreed to pay the county IDA $2,000 per month to help oversee its operations. The change comes less than a month after Scott Krikorian, the agency’s recently hired executive director, tendered his resignation. “We’re trying to save money and we’re trying to be more effective,” said Robert Mallozzi, the board’s chairman. “We understand the resources that the county IDA has, and we want to build on that.” In June, Krikorian was hired to head the Rotterdam IDA, a position that paid him an annual salary of $10,000. Krikorian did not return a call for comment Thursday. Officials from the county IDA were called to put on a presentation before Rotterdam’s board in late February. Mallozzi said the board was feeling out its options for taking the agency in a new direction after seeing a lack of economic development over the past two years. “There hadn’t been a significant project completed by this IDA since 2007,” he said. Rotterdam’s IDA had been the only economic development entity in Schenectady County that remained autonomous from the Metroplex Development Authority. All other similar agencies — including the county IDA —were placed under the stewardship of Metroplex after its establishment more than a decade ago. Either the agency or the county IDA can terminate the contract with 30 days’ notice. The county IDA will also provide technical support to the town agen- cy, which will retain its own autonomous board. Metroplex Chairman Ray Gillen, who also serves as the commissioner of economic development and planning for the county, said the Rotterdam IDA’s contract will help the agency cut its operating costs by roughly half. He said doing so should help the agency regain its financial footing after its cost of operations ballooned from a mere $9,480 in 2007 to $121,907 in 2009. “Looking at the historical operating expenses, we note the increases in 2009 are very high,” he said during the board’s meeting Thursday. Gillen said the Rotterdam IDA also failed to produce any evidence of economic development gains during its spike in operating costs. Under the county IDA’s administration, he said the agency would benefit from a staff with proven experience in economic development while drastically reducing its administrative expenses. “What we see here is the need to do a turnaround,” he said. Mallozzi said the agreement now awaits ratification by the county. He said the board is encouraged by the county IDA’s help already and foresees the agency making real strides in bringing business to Rotterdam.
That's not what the draft posting in the original post says ...
3. (b) Automatic Renewal. This Agreement shall be renewed automaitically for an additional term of twelve months commencing on January 1, 2011 and each January 1st thereafter (each such twelve-month period a "Renewal Period") unless otherwise terminalted in accordance with the provisions hereof.
Mason also said:
Quoted Text
The town IDA board members agreed to pay the county IDA $2,000 per month to help oversee its operations.
In fact, the original post above says:
4. (a) Initial term. The Agency agrees to pay Metroplex the sum of TWO THOUSAND FIVE HUNDRED AND 00/100 ($2,500.00) per month ...
What's up with Mason and "Facts" ? Hasn't he read it?
That's not what the draft posting in the original post says ...
3. (b) Automatic Renewal. This Agreement shall be renewed automaitically for an additional term of twelve months commencing on January 1, 2011 and each January 1st thereafter (each such twelve-month period a "Renewal Period") unless otherwise terminalted in accordance with the provisions hereof.
Mason also said:
In fact, the original post above says:
4. (a) Initial term. The Agency agrees to pay Metroplex the sum of TWO THOUSAND FIVE HUNDRED AND 00/100 ($2,500.00) per month ...
What's up with Mason and "Facts" ? Hasn't he read it?
Maybe the agreement was updated prior to be signing and he got the new revised copy? Hence the previous postings regaring the "draft.". Anyway, it's our tax dollars being pushed around by the county again. We know how fiscally responsible they are. This issue is not in the numbers, the issue is in the takeover.
If Mr. Mason has a copy of the updated agreement, but does not want to post it here, he can always senf it to me and I'll post it, or I'm sure admin would do the same.
Now Gillen is running Rotterdam, what a shame. I hope our taxes don't skyrocket let Schenectadys'. Their taxes keep going up and up . They hear a lot of rhetoric about tax base building but their taxes have gone up drastically in the last 5 years.
Hey...question here.....does the present chair of the rotterdam IDA, Mr. Mallozzi, get paid for that position or is it strictly volunteer? Ifthat position is a paid one, it appears not to be the case now. In fact it appears to me that there is no need for our local IDA at all.....right?
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
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