The Dunkirk Local Development Corp. Thursday night moved to participate in the construction of an industrial park on Lamphere Street south of School Three.
The corporation's Board of Directors Thursday night approved the resolutions needed to provide $25,250 for the project.
The allocation includes $13,250 for a down payment for land acquisition, $4,500 for a market feasibility study to be undertaken by Harrell-Michalowski Associates Inc. of Hamden, Conn., and $2,500 for preleasing marketing.
The development corporation will be a partner with an unidentified private developer, who is a county resident, according to City Development Director Alex Pelinsky.
The developer's identity will be made public at a special Common Council meeting Tuesday night.
The financial package includes an application for a $280,000 urban development action grant previously approved by the Common Council, a $775,000 industrial revenue bond through the Chautauqua County Industrial Development Agency, $25,250 from the corporation and $125,000 in private equity.
Preliminary plans presented by architect William McGraw of Fredonia show a 25,000-square-foot building along nearly the entire length of the Monroe Street boundary of the site. The building would face the residential area, he said.
Trucks would enter the site from Lamphere Street and exit it via Orchard Street, away from the homes. The other boundary is the Norfolk & Southern Railroad right of way.
McGraw estimates construction costs at $872,000.
The building will be used as an incubator for new businesses, although some light manufacturing may be involved, Pelinsky said.
Local development officials have projected that about 40 jobs will be created as the result of the project.