CALL TO ORDER: Chairman Brian W. Staples called to order a meeting of the St. Lawrence County
Industrial Development Agency Civic Development Corporation at 9:35 AM at the Best Western, Canton,
New York.
ROLL CALL:
Blevins ......................... Present
LaBaff .......................... Present
Peck.............................. Present
Weekes......................... Present
Hall............................ Present
McMahon .................. Absent
Staples ....................... Present
Others: IDACDC Staff Ray Fountain, Patrick Kelly, Kim Gilbert, Rich Williams, and Natalie Sweatland;
Agency Counsel Edmund J. Russell, III, Esq.
PUBLIC NOTICE: Public notifications sent April 15, 2011 to, at a minimum: St. Lawrence County’s newspapers designated for the publication of local laws and other matters required by law to be published; additional local media sources and websites.
PUBLIC COMMENT: None
MINUTES: Hall/Weekes move to accept the minutes of the March 24, 2011 meeting. Accepted.
FINANCIAL REPORT for February 2011 and March 2011: Mrs. Gilbert provides a brief highlight of the reports. Reports accepted and filed for audit.
REPORTS OF COMMITTEES: None
STAFF REPORT:
CDC Bond Fees – Mr. Fountain asks Mr. Russell to provide background on returning part of the bond fee back to the borrower. Mr. Russell reports that there are fewer restrictions for a not-for-profit corporation as opposed to the IDA. The funds must be used toward projects that fit the criteria for which the not-forprofit was formed. In other words, the receiver of the funds should be a not-for-profit and the funds should be used in a way that is related to the purpose of the entity. Blevins/Hall motion for discussion on setting a policy for return of a percentage of the funds. Extensive discussion followed. It was the consensus of the board to return to the borrower 15% of the 1% fee that is collected by the IDA Civic
Development Corporation. The funds must be used for a purpose consistent with economic development and consistent with the purpose of the IDA Civic Development Corporation. The motion received unanimous approval.
OLD BUSINESS: None
NEW BUSINESS:
Resolution: Taking Official Action toward the Issuance of Tax-Exempt Revenue Bonds in an Amount
Sufficient to Finance the Cost of Acquiring, Constructing, Installing and Equipping of a Certain Project for Clarkson University; and Authorizing the Execution and Delivery of an Agreement Between the
Issuer and Clarkson University with Respect to Such Financing: LaBaff/Blevins motion to accept. No comments/suggestions. Resolution approved by unanimous vote.

Resolution: Determining that Action to Undertake the Issuance of Bonds in Connection with a Certain
Project for Clarkson University Will Not Have a Significant Effect on the Environment: LaBaff/Blevins
& Peck motion to accept. No comments/suggestions. Resolution approved by unanimous vote.
EXECUTIVE SESSION: None
ADJOURNMENT: Adjourned at 9:56 AM by unanimous consent.
/s/
Mr. Lynn Blevins, Secretary