Town of Clifton Park
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Industrial Development Agency

The Mission of the Town of Clifton Park Industrial Development Agency is to identify, attract, develop, expand, and promote economically sound commerce within the Town. We assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing of industrial, manufacturing, warehousing, commercial, research facilities, and educational or cultural facilities.

Our goal is to promote Town prosperity, through the creation and advancement of a healthy business climate, supporting job creation and retention. The IDA utilizes a variety of economic development tools, financial incentive programs and resources permitted within the scope of the Public Authorities Law, building customized packages from project concept through construction and sustained operation fostering the general prosperity of the Town.

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About Us

The Town of Clifton Park Industrial Development Agency exists to identify, attract, expand, and promote economically sound non-retail commerce within the Town. The goal is to promote Town prosperity, through the creation and advancement of well paying jobs, within recreational, institutional, light industrial and medical business opportunities. The IDA utilizes a variety of economic development tools, financial incentive programs and works with professional partners building packages designed to provide support from project concept through construction operation.

The successful efforts of the IDA serve to bolster Clifton Park’s well deserved reputation as a great place to Live, Work, and Play.

The Clifton Park IDA has served the community continuously since 1980.

Meetings

IDA normally meets monthly – the first Monday of the month at Clifton Park Town Hall at 7:00 PM. Interested persons should call the Clifton Park Town Clerk at 371-6681 to confirm meeting schedules.

Links

  • NYS Public Authorities Law
  • Saratoga Economic Development Corp.
  • Empire State Development – Build Now NY
  • Southern Saratoga Chamber of Commerce
  • 2021 Mtg Schedule.pdf
  • pdf Clifton Park IDA Board Members - 2019 (346 KB)
  • IDA Meeting Minutes
  • pdf 2021 Budget (430 KB)
  • pdf 2020 Budget (426 KB)
  • 2019 Budget.pdf
  • 2018 Budget.pdf
  • 2017 Annual PARIS Report.pdf
  • IDA Application (2017 revised).pdf

Policies

  • Bylaws
  • Code of Ethics
  • Defense and Indemnification of CPIDA Members
  •    pdf Investment Policy (284 KB)
  • Procurement Policy
  • pdf Spec Project Anti Pirating (151 KB)
  • Receipts and Disbursements Oversight Procedure
  • Uniform Tax Exemption Policy
  • Whistle Blower Policy

Reports

  • pdf 2019 Certified Financial Audit (123 KB)
  • pdf 2018 Annual Report (52 KB)
  • pdf 2018 Certified Financial Audit (16 KB)
  • pdf 2018 Investment Report (16 KB)
  • pdf 2018 Procurement Report (21 KB)
  • 2017 Measurement Report.pdf
  • 2018 Measurement Report.pdf
  • 2018 IDA Accomplishments.pdf
  • 2017 IDA Accomplishments.pdf
  • 2017 Audit & Financial Statement.pdf
  • 2016 Audit & Financial Statement.pdf
  • 2017 PARIS Procurement Report.pdf
  • 2016 PARIS Procurement Report.pdf

Project Applications

Solar Foundations USA, Inc. - Application.pdf

Project Agreements

  • pdf Pierce Rd Procedure Project Agreement (3.44 MB)
  • pdf 8 Fairchild Project Agreement (3.20 MB)
  • pdf Abele Northside LLC 09 2017 (197 KB)

 

Successful Projects

ADDRESS BUSINESS NAME TERMS
 300 Commerce Dr.  Dextrite  Full Assessment in 2010
 200 Commerce Dr.  Bobrick  Full assessment now, financing
 900 Commerce Dr.  Steam Plant  Full assessment now
 646 Plank Rd.  Abele  Full Assessment now, financing
 Rt. 146  Executive Woods  Full Assessment now, financing
 648 Plank Road  Medical  Full Assessment now, financing
 15 Crossing Blvd.  Clifton Park/Halfmoon Ambulance  Exempt, financing
 47 Clifton Country Road  Kidz Lodge  Exempt, financing
 Clifton Country Road  Roadway  Full Assessment now
 5 Maxwell Dr.  Delmar Learning  Full Assessment Now, financing
715 Pierce Rd. Smile Lodge (Dwaas Kill Fens) Full Assessment in 2018, financing
743 Pierce Rd. Mazzone Administrative Group Full Assessment in 2019, financing
Wood Rd. DCG Development Co. Full Assessment in 2018, financing
103 Sitterly Rd. Sitterly Development Assoc, LLC Exempt, financing
5 Fairchild Sq. MJ Properties Full Assessment in 2020, financing
14 Fairchild Sq. MJ Properies Full Assessment in 2028, financing

Committees

Audit Committee
Joshua O'Leary
Dan Fariello
Todd Hess

Audit Committee Responsibilities
The Audit Committee will consist of at least three members appointed by the Board. The Committee will provide oversight of the Agency’s financial reporting and audit process. It will make recommendations to aquire services of independent accounting expertise to perform audits. The Committee will cause to have provided to the Auditor all necessary and applicable information to assure a complete audit. The Committee can request and oversee special investigations involving financial misconduct. It will provide appropriate mechanisms to assure confidentiality of those reporting suspected fradulent activities. The Audit Committee will generally report to the Board but has the authority to interface with State authorities as necessary. The Audit Committee will meet at least twice a year and report to the Board.


Finance Committee
All CP IDA Board Members


Governance Committee
Rebecca D’Agati
Joshua O'Leary

Jonathan Schopf

 

Governanace Committee Responsibilities
The Governance Committee will consist of at least three members of the IDA and be appointed by the IDA Board. The Committee’s role is to provide guidance on best current corporate governance practices and policies. The Committee will advise the IDA Board, or those appointing IDA Board members, on desirable qualifications of IDA Board members. This shall include educational and professional experiences, along with necessary qualities and skills. The Committee will also review on a regular basis and update as necessary the Agency’s Code of Conduct, policy against ”whistleblower” retaliation, and all other written policies that govern the operation of the Agency. The Governance Committee will meet at least twice a year and report to the IDA Board.

IDA FAQs

What is the purpose of an IDA?

The IDA was established under New York State law to promote, develop, and assist in acquiring, constructing, reconstructing, equipping, and furnishing of qualified projects and facilities, thereby increasing the job base of the town.

What are the benefits of doing an IDA transaction?

A project may qualify for tax-exempt financing, taxable bonds or a straight lease transaction. It also may qualify for sales tax exemption, mortgage recording tax exemption and/or real estate tax abatement.

Who qualifies for tax exempt bond financing?

A manufacturing concern may qualify for a tax exempt bond or a 501C-3 organization.

Are transactions or projects prohibited?

Yes. We are prohibited from participating in transactions which are primarily retail in nature.

How are IDA Board members selected?

Members are Town of Clifton Park residents who are appointed by the Town Board for two year terms.

Are IDA Board members paid?

IDA Board members are volunteers and do not get compensated.

What is cost of IDA involvement?

Clients are charged 3/4 of one percent of project building costs.

Quick Links

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  • Clifton Park Title VI Plan

Resident Services

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  • Solarize Albany
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Recent Town Documents

  • pdf 03-01-2021 Town Board Final Agenda.pdf New
  • pdf 3-9-21 Planning Board Agenda.pdf New Popular
  • pdf Telecommunications RFP FAQs as of 03-01-2021.pdf New
  • pdf 03-01-2021 Town Board Draft Agenda.pdf New Popular
  • pdf 2021 TOCP Phone System RFP FAQs as of 2-25-2021.pdf New Popular

Upcoming Events

02 Mar 2021;
07:00PM -
Zoning Board of Appeals Meeting
08 Mar 2021;
07:00PM -
Town Board Meeting
09 Mar 2021;
07:00PM -
Planning Board Meeting

Contact Us - 518-371-6651

Clifton Park Town Hall Map Location

1 Town Hall Plaza
Clifton Park, NY 12065
Hours: Monday - Friday: 9:00am - 5:00pm
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