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HomeMy WebLinkAboutMN-IURAED-2025-03-11 108 E. Green St. Ithaca, NY 14850 (607) 274-6565 MEETING MINUTES ITHACA URBAN RENEWAL AGENCY Economic Development Committee (EDC) 3:30 P.M., Tuesday, March 11th, 2025 Common Council Chambers, 108 E. Green St., Ithaca, NY 14850 Present: Leslie Ackerman, Vice-Chair; Derek Adams; Siobhan Hull; Chuck Schwerin; Donna Fleming Excused: Robert G. Cantelmo (Mayor), Chair Vacancies: 0 Staff: Nels Bohn; Charles Pyott [virtual] Guests: None. I. Call to Order Vice-Chair Ackerman called the meeting to order at 3:32 P.M. II. Agenda Additions/Deletions None. III. Public Comments (3-minute max. per person) None. IV. Review of Meeting Minutes: February 11th, 2025 (not yet available) V. Old/Other Business A. 2025 HUD Entitlement Action Plan – Committee Recommendation for Economic Development Funding Applications: #7, Finger Lakes ReUse, Inc. (FLRU), #8, Greater Ithaca Activities Center (GIAC), #9, Historic Ithaca, Inc. (HI), & #10, IURA (available for review on IURA webpage) Approved/Adopted: 4/8/25 EDC Meeting Minutes March 11, 2025 Page 2 of 2 Bohn explained that the Economic Development Committee would review applications and provide a recommendation to the Neighborhood Investment Committee. He reviewed the different categories of funding and how the funding amount for each is determined. After review and discussion of the applications and funding available, Committee members agreed to make a recommendation to the Neighborhood Investment Committee for a total of $280,000 in funding as follows: (1) $135,000 to Finger Lakes ReUse, Inc. (2) $80,000 to GIAC (3) $65,000 to Historic Ithaca, Inc. VI. Adjournment The meeting was adjourned by consensus at 4:38 P.M. — END — Minutes prepared by S. Dean, edited by C. Pyott/N. Bohn.