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Middletown IDA reviews finances and hears site-visit compliance report

City of Middletown Industrial Development Agency · November 19, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The IDA reviewed financial statements through Oct. 31, 2024 (ending balances and a small year-to-date surplus) and heard staff report that local-hire compliance was high on recent Polycroft site visits, with Chiaffe Excavating at 100% compliance.

Board members reviewed the financial report through Oct. 31, 2024 and discussed recent transfers and operating results. Leonora Liz presented account balances: regular checking ending balance $2,694.56, savings ending balance $1,709.39 after a…

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