July 2023 Meeting Summary

Summary of COMIDA Meeting for July 18th, 2023
Observed by Deborah Rice Gordon
This COMIDA meeting can viewed at: https://www.youtube.com/watch?v=n5YvAwjeuXM
Monitoring Reports:
A local labor monitoring report was given by Kevin Loweke.  In June, the residency of 814 workers was checked with 24 workers having a non-compliance issue.  As of June 30st, all monitored sites were compliant at the time of inspection.  The percentage of local laborers at the Amazon Manitou site was 73.4%. 
A local labor exemption report was discussed by Brian Lafountain. Five exemptions related to the LiCycle project were related to local union members that did not reside in the local COMIDA area although they did live in New York State.
The financial report for June was discussed.  At half way through the fiscal year, over $5 million has been generated for the Workforce Development Program over the past 2 years.  Of that, almost $3.2 million has been committed. 
COMIDA is the conduit for the RG&E infrastructure project grant in Webster but fee revenue for COMIDA will not be generated until the project application is submitted.
Project Application Reviews:
Requests for sales tax exemptions, recording tax exemptions and/or real property tax abatements were approved by the Board for the following projects: Project Modifications: 
The following modification requests were approved:  
Finance Committee Report:
The Committee was asked to estimate cash flow for the next 18 months and investigate options for investing.  The outcome was that staff will work with M&T bank to purchase US treasury bills which will mature at different times (3, 6, 9 months, etc.).
Executive Director Items: The meeting was adjourned.