IDA to appraise 26-acre parcel for sale
JOHNSTOWN — The Fulton County Industrial Development Agency board last week decided to have a 26-acre parcel the agency owns near the Tryon Technology Park appraised for possible sale.
The board voted at the Fort Johnstown Annex to authorize a $500 payment to Whittaker Appraisal of Northville to prepare an appraisal of the land on the south side of County Highway 107 in the town of Perth. The appraisal would establish a market value assuming a residential highest and best use.
“The board is exploring putting it up for sale,” IDA Executive Director James Mraz said Monday. “Obviously, we want to see what it’s worth.”
According to Mraz, the IDA owns the 26- acre parcel, which lies across from the Tryon Technology Park. The piece of land has several older structures once used for residences and offices when the Tryon Juvenile Detention Facility was operational. Mraz said the structures are all vacant now.
Mraz said the town of Perth’s Zoning Law has placed the parcel in a Business Technology Zone.
Allowable uses in a BTZ zone include: High tech businesses, research and development, business and professional offices, manufacturing, warehousing and distribution, fitness businesses, educational facilities; retail, commercial and service businesses; hotel/conference center/motel, housing, medical offices and health care facilities, and food and beverage industry businesses.
In other business, the board discussed the agency’s 2020 IDA budget process. The IDA is required to have its 2020 budget adopted by Oct.31.
Mraz said he and IDA Chief Financial Officer Carol Ellis are currently drafting 2020 IDA budget, which will be presented at the board’s next meeting at 8 a.m. Oct. 15 at the Fort Johnstown Annex.
The board discussed the possibility of allocating funding into the 2020 budget to perform one or two environmental assessments. Additional ideas may also be brought up at the October meeting.
Mraz told the board a line item will be included in the budget to appropriate dollars necessary for the IDA to comply with a new state mandate involving video streaming.
Gov. Andrew Cuomo signed a new bill mandating that IDAs statewide video stream all IDA meetings and public hearings. The legislation states that IDAs stream on its website in real-time. IDAs must also post video recordings of all open meetings and public hearings on its website within five business days of the meeting or hearing and maintain the recordings for not less than five years.
Fulton County IDA staff is consulting with the Fulton County Department of Information Technology and Emery Designs to determine what it may cost the IDA to comply with this new state mandate.
Michael Anich covers Johnstown and Fulton County news. He can be reached at email@example.com.