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Welcome to the OLDC Web Page

The Olean Local Development Corporation (OLDC) is a not-for-profit corporation that was formed at the direction of the City of Olean to work with local government on its efforts to create quality communities. Municipal officials and community leaders serve on the OLDC’s Board of Directors. The Board is actively working on the Bradner Stadium Renovation Project. More information on this project may be found by going to the Bradner Stadium website at


OLDC Audit Committee Charter (pdf)
OLDC Finance Committee Charter (pdf)
Annual Report Year Ending 5/31/2019 (pdf)
OLDC Certified Audit for FY Ending 2019 (pdf)
Report on Financial Statements Years Ended 2018, 2017
OLDC Report on Internal Controls 9/8/2018
Final Management Letter 9/19/2019

Assessment of Effectiveness of Internal Controls Report 2019 (pdf)
Audit Committee Report 2019 (pdf)
Ethics Officer Report 2019 (pdf)
Finance Committee Report 2019 (pdf)
Governance Committee Report 2019 (pdf)
Real Property Owned Report 2019 (pdf)


OLDC 2019-20 Adopted Budget (pdf)
OLDC 2018-19 Adopted Budget (pdf)
OLDC 2017-18 Adopted Budget (pdf)


OLDC Conflict of Interest Policy (pdf)
OLDC By-Laws (pdf)
New OLDC Defense and Indemnification Policy (pdf) New
Disposition of Property - OLDC (pdf)
OLDC Internal Control Assessment (pdf)
OLDC Organizational Flow Chart (pdf)
OLDC Policy Prohibiting Credit (pdf)
OLDC Purchasing Guidelines (pdf)
New OLDC Salary and Compensation Policy (pdf) New
New OLDC Time and Attendance Policy (pdf) New
OLDC Usage of Credit Cards/Charge Accounts (pdf)
OLDC Usage of Corporate Governance Concepts
OLDC Usage of Authority Discretionary Funds
Real Property Owned By the OLDC
Whistleblower Policy (Updated pdf)
Code of Ethics (pdf)


Mission Statement and Performance Measurements 2019
Governance Committee Charter (pdf)