October 2023 Meeting Summary

Summary of COMIDA Meeting for October 18th, 2023
Observed by Deborah Rice Gordon
This COMIDA meeting can viewed at: https://www.youtube.com/watch?v=tqSfp9z8pfw
Public Comments
Grant Malone, President of the Rochester Building and Trades Council, asked for clarification on the Fairlife pilot program which is on the agenda.  Coca Cola has told Mr. Malone that the land has not been secured yet.  He is asking if COMIDA’s review of Fairlife’s request is premature in that case.  The Board explained that the purchase of the land isn’t required since oftentimes,an  exemption from mortgage recording tax. In requested in advance of the sale.   

Monitoring Reports:
A local labor monitoring report was given. In September, the residency of 529 workers was checked with 29 workers having a non-compliance issue involving residency or identification.  All were in compliance upon re-inspection.

Financial Update
The financial report for September 30th was discussed.  At this point in the fiscal year, over $5.2 million has been generated for the Workforce Development Program over the past 2 years.  Of that, almost $4.7 million has been committed and $525,000 is left to support the workforce fund.  

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: Old Business:
Anna Vulaj Fitzsimmons, the program director for Monroe County Finger Lakes APEX Procurement Accelerator,  gave a summary on the growth and success of the program.  The program’s website states that they ”provide networking, training & one-on-one counseling to businesses who want to sell to local, state, federal governments and the military”.  COMIDA provides financial support to APEX.  A motion to provide support of not more than $145,000 to APEX was approved. 

Committee Reports:
The Finance Committee met earlier and discussed budget projections.  Due to an increase in investment interest income and significant project closures expected in the next quarter, deficit predictions have been greatly reduced.   A motion to accept the budget as presented passed.
An executive session was called to discuss the proposed sale of real estate.  The Board returned but the discussion could not be heard on the recording.  It is assumed that the meeting was adjourned afterward.