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Peekskill kitchen incubator: $172,000 spent; staff says EDA will likely clear project to go to bid in weeks
Summary
Staff reported roughly $172,000 spent to date on the Firehouse Kitchen Incubator, with about $122,000 deemed reimbursable. An EDA review delayed the board's request to go to bid but staff said the project is not on the EDA exception list and authorization could come in 3–4 weeks.
Agency staff summarized the kitchen incubator expenditures and grant reimbursements: about $172,000 spent to date, of which approximately $122,000 is expected to be reimbursable under the federal grant. Staff and the auditor explained that some start-up "soft costs" are not eligible for reimbursement and therefore remain IDA-funded.
On federal review, the executive director told the board that the Economic Development Administration has issued a nationwide adjustment affecting projects under contract; staff checked with the project engineer and confirmed "we are not on that exception list, which means that he is saying that our project will be proceeding." The project engineer estimated authorization to go to bid in about three to four weeks. Board members pressed for regular monthly expense tracking while EDA completes its review.
