A newly established Jamestown restaurant is getting some assistance as it looks to expand.

During the Chautauqua County Industrial Development Agency meeting, Chief Executive Officer Mark Geise stated that Wicked Warrens owner Rob Roth would like to “free up some cash” so he can make some improvements to its banquet area.

Wicked Warren’s, under the name “Wicked Jimmy, LLC” has a 10-year Payment In Lieu Of Taxes agreement, which was approved two years ago. Shelby Bilskie, the Chief Financial Officer for the county IDA, said they have been working with the city of Jamestown and other agencies so the business can push back part of its payments to later.

Bilskie said Wicked Jimmy has already paid the first year. For the second year, they would get a 75% reduction. In the third year they would get a 50% reduction and in the fourth year they would get a 25% reduction.

But those reductions would be made up at the end of the term.

Shelby said in year eight, Wicked Jimmy would pay an additional 25%. In year nine, it would pay an additional 50% increase and in year 10, it would pay an additional 75%.

“There is no net change over the term of 10 years,” Shelby said. “The only savings, which would be nominal, would be the time value of money.”

Jamestown Development Director Crystal Surdyk was in attendance and said the city has no objections. She called the new payment plan a good way to help Wicked Warren’s have additional cash in a way that “we’re not further subsidizing” the establishment.

Surdyk said Wicked Warren’s wants to “really be able to activate that third floor space, which is their banquet space, so they can use it in ways they’re not currently able to.”

Aili Makuch, city economic development coordinator, told Jamestown Local Development Corporation board members that Wicked Warren’s JLDC loan has a deferment at this point in time. There have been regular meetings with them and Makuch said the business owners are feeling hopeful for the future, with 27 current employees. Makuch added she knows they have been trying to ramp up their marketing.

Surdyk called the IDA’s proposal a “win-win” and added that the city will work with Wicked Warren to “make sure they are making the changes that they said they’re going to make.”

The IDA Board of Directors unanimously approved the changes to the PILOT.