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Officials will cancel tax plan for Aceyt Foods

DUNDEE—Chief Executive Officer Steve Griffin of the Finger Lakes Economic Development Center (FLEDC) said Aceyt Foods, owners of the Dundee Foods building, located at 74 Seneca St., will receive a letter terminating the payment in lieu of taxes (PILOT) agreement on the property during their meeting Wednesday, Feb. 20.
Griffin said he has been in contact with Aceyt Foods and has received no new updates on what the company plans to do with the facility. Aceyt Foods had planned to open a Dundee production facility to produce Mediterranean-style food. However, their plan has not materialized. He said they have a person come in once a week to examine the building, but have otherwise made no moves to utilize the property in any way. The project is being managed by Ascent Principal Group based out of New York City.
Aceyt Foods originally purchased the building from LiDestri Foods in January of 2012 and were interested in using it as an olive oil processing facility. Aceyt planned to lease the building from LiDestri for the first half of the year. After initial delays, it was announced LiDestri would remain in the facility for a few additional months, with Aceyt taking over in the fall of 2012.
After LiDestri moved out, however, Aceyt has still yet to move in. The building currently stands vacant and unused. Griffin said since they are not using the building, the board sees no sense in continuing with the PILOT. The board is hoping by terminating the PILOT, it will provide some sort of incentive for Aceyt to get moving on their project.
In other business:
• Community development Director Alex Taylor said after seeing some of the results from Penn Yan’s charrette, he has been working with some storefronts downtown to renovate their second and third story spaces into apartments.
• The board discussed the possibility of having a foreign trade zone (FTZ) located in Yates County. A FTZ is an area where commercial merchandise receives the same customs treatment as if it were outside the commerce of the U.S.
Griffin said Ontario County has one and acts as its management entity. He said he would be willing to look into it if there were businesses that could benefit from it, while board member Craig Densmore said processing companies like Aceyt Foods’ Dunee facility would be able to take advantage of adding value to the exporting of the products being brought in, if they decide to begin operation.