The Sheridan Economic and Educational Development Authority – also known as SEEDA – will spend about $6 million in the year that started on July 1, primarily for a large construction project.
Members of the SEEDA joint powers board – appointed by the city of Sheridan and Sheridan College – approved the budget in a special meeting Tuesday.
Gary Koltiska, who was elected chairman of the board during the meeting, read the budget message following a public hearing on the proposed budget. The message dealt in part with Vacutech which, earlier this year, requested that a proposed expansion project be halted.
A big part of the budget is to construct the new Kennon Products offices and plant in Sheridan’s High Tech Park, and SEEDA Administrator Robert Briggs said the goal is to finish the Kennon project in the current fiscal year. He said part of that goal is for what he called a “delivery date” next June.
Briggs said the capital outlay portion of the budget includes just under $6 million in state grants and loans for the Kennon project.
In other action Tuesday, in addition to electing Koltiska as chairman of the board for the year, board members voted to retain the current slate of other officers.