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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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07Feb
07Feb

Town Board Meeting

Feb 07, 2019, 7:00 — Feb 07, 2019, 7:00   
Event details

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

  • Time
    Feb 07, 2019, 7:00 — Feb 07, 2019, 7:00
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11Feb
11Feb

Planning Board Meeting

Feb 11, 2019, 7:30 — Feb 11, 2019, 8:30   
Event details

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

  • Time
    Feb 11, 2019, 7:30 — Feb 11, 2019, 8:30
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11Feb
11Feb

Montgomery Fire District Monthly Meetings

Feb 11, 2019, 7:30 — Feb 11, 2019, 9:30   
Event summary
7:30 p.m.
  • Time
    Feb 11, 2019, 7:30 — Feb 11, 2019, 9:30
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12Feb
12Feb

Town of Montgomery I.D.A. Special Meeting

Feb 12, 2019, 5:30 — Feb 12, 2019, 7:30   
Event summary
5:30 p.m. at Town Hall
  • Time
    Feb 12, 2019, 5:30 — Feb 12, 2019, 7:30
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18Feb
18Feb

Town Hall Closed: Presidents Day

Feb 18, 2019 — Feb 18, 2019   
  • Time
    Feb 18, 2019 — Feb 18, 2019
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21Feb
21Feb

Town Board Audit/Work Session

Feb 21, 2019, 6:00 — Feb 21, 2019, 8:00   
Event details

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

  • Time
    Feb 21, 2019, 6:00 — Feb 21, 2019, 8:00
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25Feb
25Feb

Planning Board Meeting

Feb 25, 2019, 7:30 — Feb 25, 2019, 8:30   
Event details

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

  • Time
    Feb 25, 2019, 7:30 — Feb 25, 2019, 8:30
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27Feb
27Feb

Ethics Board Meeting

Feb 27, 2019, 6:30 — Feb 27, 2019, 9:00   
  • Time
    Feb 27, 2019, 6:30 — Feb 27, 2019, 9:00
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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.