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Seneca IDA gives final OK to Seneca Dairy Systems incentives

Final approval was unanimously given Thursday by the Board of Directors of the Seneca County Industrial Development Agency to a financial incentive package for Seneca Dairy Systems in Romulus.

A package containing a $1.48 million Payment In Lieu Of Taxes (PILOT) agreement, an exemption from paying an estimated $1.3 million in sales tax and a $90,000 exemption from paying the mortgage recording tax will help move the $20 million project forward. The IDA will lease the facilities from owner Earl Martin and lease it back to Martin in order to qualify for the sales tax exemption.

All that remains before construction can begin is approval of the site plan and a special use permit from the Romulus Planning Board.

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