Chenango County IDA Board Meeting – March 18, 2026

The Chenango County Industrial Development Agency (IDA) Board Meeting held on March 18, 2026, focused primarily on procurement and contracting matters related to the Early Learning Center project. The board reviewed bid results received on March 3, with bids detailed in a resolution (2026-9) for award consideration. The project budget was discussed, noting an increase from the original $1.4 million to approximately $1.8 million due to added HVAC work on the second floor and a higher contingency fund to cover unforeseen costs such as asbestos removal. Local contractors were selected for general contracting, HVAC, and plumbing work, with the board acknowledging the importance of managing the data center relocation and potential builder's risk insurance. The board also discussed financial management strategies for project funds, including investment options compliant with municipal law. Additionally, the meeting covered updates on pilot payments, utility expenses, and ongoing efforts to support advanced manufacturing site development in coordination with state initiatives. Motions were passed to approve the bid award resolution and other financial and governance matters, with some items tabled for further discussion.