County of Chenango IDA Board Meeting – April 15, 2026

The Chenango County Industrial Development Agency (IDA) Board held a meeting on April 15, 2026, focusing primarily on financial and procurement matters related to economic development projects. Key discussions included the review and approval of the 2015 audit report, highlighting financial positions, revenues, expenses, and capital asset policies. The board addressed funding and cash flow strategies for ongoing building renovations, including establishing separate accounts for upstairs and downstairs projects and managing state grant reimbursements. They also discussed issuing requests for proposals (RFPs) for consultants related to a water district feasibility study and considered pilot agreements for solar projects and mixed-use developments. Additionally, the board reviewed and authorized agreements related to grant disbursements and loan execution, emphasizing flexibility in funding drawdowns to minimize interest expenses. The meeting included updates on construction progress and plans for administering a $750,000 vacant property rental grant program. Action items were assigned to develop detailed funding schedules and coordinate with county officials to optimize financial management of projects.