Surmet currently leases 75,000 square feet from Benderson Development at 699 Hertel Avenue in the City of Buffalo.  The current project is for the construction of a 3,400 sq. ft. expansion to the existing leased space.  The additional space will be used for CIP (cold isostatic press) building and associated foundation (pit) and utilities extension.  The project consists of the construction of a 3,400 sq. ft. expansion to the company’s existing 130,000 sq. ft. facility. 

· No public hearing required since estimated benefit amount is less than $100,000

· 03/24/2021 Lease/Leaseback Inducement Resolution presented to the Board of Directors