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Montgomery Industrial Development Agency

Office Information

Town of Montgomery
F. Edward Devitt, Chairman
Edwin Williams, 1st Vice Chairman
Stephen Rainaldi, 2nd Vice Chairman
Donna Jennings, Treasurer
Rodney Winchell, Assistant Treasurer
Anthony Zambrotta, Assistant Secretary
Suzanne Hadden, Secretary

Audit Committee 
Edwin Williams
Stephen Rainaldi
Rodney Winchell

Finance Committee 
Edwin Williams
Stephen Rainaldi
F. Edward Devitt

Governance Committee
F. Edward Devitt
Edwin Williams
Stephen Rainaldi

P: (845) 457-2600 
F: (845) 457-7558

Upcoming Events
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05Dec
05Dec

Planning Board Work Session

05 Dec, 2018 AM 9:00 — 05 Dec, 2018 AM 11:00 (UTC -05:00) Eastern Time (US & Canada)   
Event summary
Town Hall, 110 Bracken Road, Montgomery, NY, Planning Board Room
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06Dec
06Dec

Town Board Meeting

06 Dec, 2018 PM 7:00 — 06 Dec, 2018 PM 7:00 (UTC -05:00) Eastern Time (US & Canada)   
Event details

All Town Board Meetings begin at 7:00PM, Town Government Center,110 Bracken Road, 2nd Floor, Montgomery, NY

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10Dec
10Dec

Planning Board Meeting

10 Dec, 2018 PM 7:30 — 10 Dec, 2018 PM 8:30 (UTC -05:00) Eastern Time (US & Canada)   
Event details

THE EVENING MEETINGS WILL TAKE PLACE AT THE TOWN GOVERNMENT CENTER, 2ND FLOOR MEETING ROOM, 110 BRACKEN ROAD, MONTGOMERY, NEW YORK

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12Dec
12Dec

Planning Board Special Meeting

12 Dec, 2018 PM 7:30 — 12 Dec, 2018 PM 10:00 (UTC -05:00) Eastern Time (US & Canada)   
Event summary
7:30 p.m. - Special Meeting and Public Scoping Session for Proposed Medline Warehouse Distribution Facility. See News on Home Page for more information.
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13Dec
13Dec

Special Town Board Meeting

13 Dec, 2018 PM 7:00 — 13 Dec, 2018 PM 11:59 (UTC -05:00) Eastern Time (US & Canada)   
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17Dec
17Dec

Zoning Board Of Appeals Meeting

17 Dec, 2018 PM 7:00 — 17 Dec, 2018 PM 8:00 (UTC -05:00) Eastern Time (US & Canada)   
Event details

The meetings are scheduled for 7:00 p.m. at the Town Government Center, 110 Bracken Road, Montgomery, New York at the second floor meeting room.

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20Dec
20Dec

Town Board Audit/Work Session

20 Dec, 2018 PM 6:00 — 20 Dec, 2018 PM 8:00 (UTC -05:00) Eastern Time (US & Canada)   
Event details

Audit/Work Sessions begin at 6 p.m., Town Government Center 110 Bracken Road, 2nd Floor, Montgomery, NY

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24Dec
24Dec

Town Hall Closed: Christmas Eve Holiday

24 Dec, 2018 — 24 Dec, 2018 (UTC -05:00) Eastern Time (US & Canada)   
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25Dec
25Dec

Town Hall Closed: Christmas Day

25 Dec, 2018 — 25 Dec, 2018 (UTC -05:00) Eastern Time (US & Canada)   
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31Dec
31Dec

New Year's Eve Holiday

31 Dec, 2018 PM 12:15 — 31 Dec, 2018 PM 5:00 (UTC -05:00) Eastern Time (US & Canada)   
Event summary
Town Hall is closed.
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The Town of Montgomery Industrial Development Agency is a public benefit corporation of the State of New York. A public benefit corporation is designed to promote, develop, encourage and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing of civic facilities, among others, for the purpose of promoting, attracting and developing economically sound commerce and industry to advance the job opportunities, health, general prosperity and economic welfare of the people of the State of New York, to improve their prosperity and standard of living, and to prevent unemployment and economic deterioration.

The Agency undertakes projects either on its own behalf or for the benefit of an applicant. Applicant projects may be either “bond” projects (i.e., projects where the Agency grants financial assistance to a project both in the form of state and local tax abatements and in the form of proceeds of Agency debt are expended on the project) (each a “Bond Transaction”) or “straight-lease” projects (i.e., projects where the Agency grants financial assistance to a project in the form of state and local tax abatements only) (each, a “Sale/Leaseback Transaction”). 

The Town of Montgomery filed a Certificate of Establishment relating to the Agency with the Secretary of State of the State of New York on November 3, 1971. The Agency shall be comprised of seven (7) members as appointed by the Town Board of the Town of Montgomery. Each Member must be a resident of the Town of Montgomery and must file an oath of office with the Orange County Clerk.

Application Fees
$
500 - Payable upon submission of the Agency's Application for Financial Assistance/Application For Bond Financing.  The application fee is non-refundable and will be applied to reduce the amount of the Agency Administrative Fee. 

Agency Administrative Fee
3/4 of 1% of the first $2,000,000 of Total Project Costs
1/2 of 1% of the remaining Total Project Cost

The Agency reserves the right to deviate from this fee structure upon the affirmative vote of a majority of the Agency's members.