Glens Falls City development boards approved a series of routine and project actions during a multi‑board session on May 22.
Key approvals included minutes from March 19 (committee, regular and annual meetings), financial reports for the three months ending March 31 and four months ending April 30, and payment of bills as listed in the meeting packet. The IDA approved payment of Schedule A bills as presented; the board recorded no nays or abstentions.
The boards also approved two resolutions extending sales‑and‑use tax exemptions (see separate coverage) and authorized a small‑business support award to Aderondac Fabrication Services of up to $40,000 to accelerate a six‑figure equipment purchase. Staff noted the award will be accompanied by a simple filing to protect the board’s interest in the equipment before disbursement.
Other formal actions taken across the related entities included approval of audit payments and routine insurance and rent payments where listed in the packet. Several items were deferred for follow‑up in June—chiefly confirmation of a funds transfer from the city to the CDC and a proposed administrative resolution to permit routine monthly contract payments without a full meeting.
What happens next: staff will post updated meeting documents, process state filings for the tax exemption extensions, coordinate equipment‑security filings for the small‑business award, and return to the board in June with contract‑payment proposals and confirmation of fund transfers.