OPENPUBLICA · PUBLIC MEETING RECORD
Record of Proceedings

Peekskill Industrial Development Agency Meeting - June 23, 2026

Meeting Portal — Tuesday, June 23, 2026
BodyPeekskill, New York
SessionMeeting Portal
DateTuesday, June 23, 2026
StatusFILED
Video Record
0:00 / 1:00:18

Transcript — Verbatim
0:01

I'll be opening up the Peak Skill Facilities Development Corporation meeting and the Peak Skill Industrial Development Agency meeting together.

0:10

It's now 7.06 p.m.

0:15

So we'll start with uh on the IDA correspondence.

0:19

There is the inaugural walking tour.

0:21

You want to that that's just um that's the um the DRI funded um new sculptures round the public art.

0:30

And it's going to be uh uh tomorrow there's actually a press conference at 5 30 to 7 30 and and then inaugural tour, actually walking from the train station up to downtown.

0:40

This one only announces the Friday event.

0:43

Yeah, and then on Sunday there's also a panel discussion at Mocha.

0:47

And I didn't have those three events when I sent this out.

0:50

Okay.

0:50

So there's three events if you just go on enlightened Peaksfield, it's all online.

0:54

But it's sort of exciting.

0:56

Yeah.

0:56

The thing tomorrow will be all the usual political, you know, people saying how great it is.

1:01

And then on Friday there'll be tours, and on Sunday that's the panel discussion among artists and critics and and and stuff like that.

1:08

And that'll be at Mocha.

1:10

So it's an exciting thing for everyone.

1:11

It's a it's a great project, I think.

1:15

And we almost had a sculpture in it.

1:17

What's that?

1:18

We almost participated in one of the sculptures.

1:20

Who's we?

1:21

Oh, the IDA.

1:22

We I know uh the company, the development company I was working for, we ended up putting in uh one on our property on Central Avenue, and then uh we also uh redid the park um near the um the garden near the garden clubs and put those into the pinwheels, aren't I?

1:45

Yeah.

1:46

So uh it's I think it's a great project.

1:49

So um okay, uh so then uh let's go to the minutes of the IDA.

1:56

Does anybody have any comments or questions on the minutes?

2:00

Do I have a motion to accept the minutes of my of May 26, 2026?

2:06

Okay, yeah.

2:07

I make a motion to accept the minutes for May 26th, 2026.

2:13

Okay, and Dean, you're sorry.

2:15

Seconding okay.

2:17

I think we're just gonna go back and forth a little bit of this time.

2:19

So um uh so let's look at the minutes of May 26th for the PFDC.

2:25

Uh does anybody comments or questions on that?

2:28

Okay, did we open all of them?

2:30

Oh yeah, we opened the two meetings, just the two.

2:32

Okay, good.

2:33

Yeah, all right.

2:34

Yep.

2:35

No, no questions.

2:36

No comments, questions.

2:37

Okay, do I have a motion?

2:39

I'll make a motion to accept the minutes.

2:41

Okay.

2:42

Second.

2:42

Thanks.

2:43

All right, all in favor?

2:44

Aye.

2:46

Okay.

2:47

Okay, next order of business is uh the financial report.

2:52

Abby, you want to take it away?

2:54

Yes, hi.

2:55

Good evening, everyone.

2:56

I will run through our summaries of revenues and expenditure.

3:00

This should be fairly quick.

3:02

Um for the month of June, not a lot of activity.

3:06

So from a revenue perspective, we didn't earn anything in um revenues for the PIDA and for expenditures.

3:15

Some of our expenditures for the months included professional services for legal counsel and also our accounting and admin fees.

Discussion Breakdown — Share of Meeting
Economic Development█████████████████████████████████████████████54%
Transportation Safety████████10%
Budget Equity Analysis████████9%
Public Engagement███████8%
Procedural█████6%
Arts And Culture███4%
Technology and Innovation███3%
Youth Programs██2%
Engineering And Infrastructure██2%
Summary of Proceedings

Peekskill Industrial Development Agency Meeting - June 23, 2026

The Peekskill Industrial Development Agency (IDA) and the Peekskill Facilities Development Corporation (PFDC) held a joint meeting on June 23, 2026, at 7:06 PM. The board discussed correspondence, approved minutes and financial reports, reviewed project updates, allocated funds for a downtown shuttle service, and approved a consultant contract. Key decisions included a $4,000 commitment for the shuttle pilot and a phased $5,000 contract for Lynn Knight.

Consent Calendar

  • Minutes: The minutes of the May 26, 2026 regular meetings for both the IDA and PFDC were accepted unanimously by voice vote.
  • Financial Report: The monthly financial report was presented. As of June 18, 2026, total cash on hand was $1.1 million, with $20,000 restricted for the Children's Village project, $10,000 for the Solo project (Lower South Street), and $624,000 for the kitchen incubator. Unrestricted available funds were $447,000. The board discussed high utility costs for the incubator building and an unresolved insurance claim.

Discussion Items

  • Correspondence – Art Trail Inaugural Walking Tour: The DRI-funded public art project includes a press conference on June 24 (5:30–7:30 PM), a walking tour on Friday, and a panel discussion on Sunday at Mocha. A board member noted his former company contributed a sculpture on Central Avenue.
  • Children's Village Project: Justin reported that the city council approved resolutions authorizing a PILOT and impact fee agreement. Closing is expected in late July or August, which will trigger an administrative fee of approximately $149,000 for the IDA.
  • Solo Project (Ken Carney): The $10,000 escrow for the Lower South Street project remains on the books. The board will obtain an update on Ken Carney's purchase and sale agreement and financing status.
  • Waterfront Shuttle: After the board previously declined funding, the BID agreed to contribute $4,000, the city will cover bus wrapping (~$15,000), and RMS Cruises offered $1,250 and will solicit other businesses for roughly another $4,000. The board expressed support for the revised plan. A motion to allocate $4,000 from the PFDC to the shuttle program passed unanimously.
  • PFKI Kitchen Incubator Update & Lynn Knight Contract: EDA confirmed that the grant deadline extends to March 2028, relieving immediate pressure. Contractors are seeking cost reductions; a new electrical cost estimator is needed. The board approved the Lynn Knight contract at a maximum of $5,000 (phased: $3,000 for past work, $2,000 for ongoing work), with an additional $5,000 subject to future board approval. The motion passed with the amended language.
  • Draft IDA Assistance Q&A: The board reviewed a draft handout for developers. Concerns were raised that it duplicated the application and was overly complex. Suggestions included reordering to emphasize available incentives first and integrating green building criteria. The document will be revised with board input.
  • Proposed Board Retreat: The board discussed planning a retreat for fall 2026 to clarify agency priorities, improve communication, and orient new members. A facilitator is preferred. Board member Dean requested a primer on PILOT policies. No final decision was made; a committee may be formed.

Key Outcomes

  • Minutes approved for the May 26, 2026 meetings.
  • Shuttle funding approved: $4,000 from PFDC allocated, with an MOU to be drafted.
  • Lynn Knight contract approved: up to $5,000, with a potential future $5,000 subject to board authorization.
  • Draft Q&A to be revised and presented again.
  • Board retreat planning to proceed, with a goal of holding it in the fall.
  • Next steps: Obtain updates on Ken Carney's Solo project; continue kitchen incubator cost reduction efforts; revise the developer handout.

Meeting Transcript

I'll be opening up the Peak Skill Facilities Development Corporation meeting and the Peak Skill Industrial Development Agency meeting together. It's now 7.06 p.m. So we'll start with uh on the IDA correspondence. There is the inaugural walking tour. You want to that that's just um that's the um the DRI funded um new sculptures round the public art. And it's going to be uh uh tomorrow there's actually a press conference at 5 30 to 7 30 and and then inaugural tour, actually walking from the train station up to downtown. This one only announces the Friday event. Yeah, and then on Sunday there's also a panel discussion at Mocha. And I didn't have those three events when I sent this out. Okay. So there's three events if you just go on enlightened Peaksfield, it's all online. But it's sort of exciting. Yeah. The thing tomorrow will be all the usual political, you know, people saying how great it is. And then on Friday there'll be tours, and on Sunday that's the panel discussion among artists and critics and and and stuff like that. And that'll be at Mocha. So it's an exciting thing for everyone. It's a it's a great project, I think. And we almost had a sculpture in it. What's that? We almost participated in one of the sculptures. Who's we? Oh, the IDA. We I know uh the company, the development company I was working for, we ended up putting in uh one on our property on Central Avenue, and then uh we also uh redid the park um near the um the garden near the garden clubs and put those into the pinwheels, aren't I? Yeah. So uh it's I think it's a great project. So um okay, uh so then uh let's go to the minutes of the IDA. Does anybody have any comments or questions on the minutes? Do I have a motion to accept the minutes of my of May 26, 2026? Okay, yeah. I make a motion to accept the minutes for May 26th, 2026. Okay, and Dean, you're sorry. Seconding okay. I think we're just gonna go back and forth a little bit of this time. So um uh so let's look at the minutes of May 26th for the PFDC. Uh does anybody comments or questions on that? Okay, did we open all of them? Oh yeah, we opened the two meetings, just the two. Okay, good. Yeah, all right. Yep. No, no questions. No comments, questions. Okay, do I have a motion? I'll make a motion to accept the minutes. Okay. Second. Thanks. All right, all in favor? Aye.

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