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Cohoes Industrial Development Agency |
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| welcome to cohoes ida |
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MEETING IN PERSON AND FACEBOOK LIVE
March 28, 2023 @ 4:30 P.M.
CITY HALL
COUNCIL CHAMBERS 2ND FLOOR
97 MOHAWK STREET
COHOES, NY 12047 (AGENDA) |
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Job Posting:
The City of Cohoes Industrial Development Agency is seeking an Executive Director.
The Executive Director shall provide leadership to carry out all activities to support economic development in the City of Cohoes and shall manage effective public relations and marketing, educational programming, regional outreach grant development and public image.
Please send resumes to: cohoesida@gmail.com |
2022 Executive Committee Meeting Schedule Meetings start at 4:30 p.m.
Meetings are held at City Hall
Common Council Chambers
2nd Floor |
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2022 Regular Monthly Meeting Schedule Meetings start at 4:30 p.m.
Meetings are held at City Hall
Common Council Chambers
2nd Floor |
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| City Of
Cohoes has been awarded |
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City of Cohoes Sidewalk Improvement Project
Award $300,000 |
| Funds will be used to replace
non-compliant sidewalks in the Historic District along Remsen Street
from Cayuga to Ontario Streets. |
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The City of Cohoes' Erie Canal
Bicentennial Celebration
Award $62,500 |
The City of Cohoes will develop
canalrelated exhibits in time for the Erie Canal Bicentennial, featuring
a model of a working lock, a Harmony Mills machinery model, and
interactive kiosks. The project will
celebrate the Canal’s legacy to the development of
Cohoes and New York State. |
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Cohoes Visitor Center
Award $62,000 |
This project will create an engaging
Canal exhibit for the Cohoes Visitor’s Center in time
for the Erie Canal bicentennial
celebration and will feature a model lock and other model machines. The
project is part of a larger revitalization effort to support tourism in
Cohoes. |
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Canal Square Park
Award $415,000 |
The City of Cohoes will install porous
pavers, bioretention, street trees and a rainwater
harvest and reuse system at Canal Square Park. This project will
revitalize a deteriorating
city park by establishing the Remsen Street Arts and Heritage District
and also improve
water quality in the Hudson River by reducing runoff to a combined sewer
system. |
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Canal Square Park Expansion Project
Award $500,000 |
The City of Cohoes has prepared a plan to
construct improvements and to expand Canal
Square Park. The acquisition of the adjacent parking area (84 Remsen
Street) facilitates
this expanded park/site programming. Canal Square Park will serve as a
gathering and
event space and broaden programming on the site to spur additional
visitation, recreation, and investment in downtown. |
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City of Cohoes Sidewalk
Improvements
Award $300,000 |
| Funds will be used to replace non
ADAcompliant sidewalks in the Historic District along Remsen Street. |
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Columbia Street Green
Infrastructure Phase II
Award $72,000 |
The City of Cohoes will complete an
engineering report to study installation of green infrastructure
practices and construction of separate storm and sanitary
sewers to eliminate combined sewer overflow. |
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Construction of Remsen Street
Sidewalks - Ontario Street to Howard Street
Award $464,100 |
As part of an ongoing sidewalk improvement
project in downtown, the City of Cohoes will reconstruct sidewalks along
both sides of Remsen Street from Ontario to Howard
Streets. The Complete Streets improvements will encourage walkability,
promote
economic growth, and ensure the safety and convenience of pedestrians,
bicyclists, and
users of nearby mass transit. |
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The Mission of the Cohoes Industrial Development Agency (IDA) is to promote, develop, encourage and assist in acquiring, construction, improving, maintaining or equipping certain facilities thereby advancing the job opportunities, health, public safety, recreational opportunities, general prosperity and economic welfare of the people of the City of Cohoes. This can be accomplished by supporting the goals and plans of the City of Cohoes which include growth of the City through innovative programs and increased tourism and trade.
The agency was formed under the New York State Industrial Development Agency Act of 1969, and is governed by a Board of five people.
Date Adopted: 9/10/2012 |
Performance Goals:
• To meet all legal requirements of the Agency.
• To review project employment goals and the
achievement of those goals.
• To make decisions consistent with the Agency’s mission statement.
• To make decisions that will promote and ensure the
prosperity of the residents of the City of Cohoes.
• To support the City of Cohoes by investing in projects that
will create opportunities for the continued growth of the City. |
Security cameras along Remsen
Street meant to promote safety, security
The city’s Industrial Development Agency, which funded
MORE..... |
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The Cohoes Industrial Development Agency is appointed by the mayor and common council. Seven non-compensated members are chosen to the board. The agency is able to provide
Payments in Lieu of Taxes (PILOTS)
, bonding assistance and sales and use tax exemption for new construction and business.
The Cohoes IDA helps to provide industrial revenue bonds to larger, financially strong, industrial, manufacturing, agribusiness, corporate offices and research and development projects that are best suited for this form of financing. An alternative to industrial revenue bonds would be a Sale/Lease Back Transaction ideally suited for real estate/facility projects.
Industrial facilities constructed and/or reconstructed with the use of Industrial Revenue Bonds or Sale/Lease Back Transactions through the CIDA are eligible for real property tax exemptions. The agency holds title to the project and a
Payments in Lieu of Taxes (PILOTS)
is negotiated between the agency and the company that abates a portion of the real property tax.
For more information about either one of these entities please contact their offices at 518.233.2117 
CHOOSE COHOES 
CITIZENS REQUEST PORTAL - CREATE YOUR ACCOUNT HERE!
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