ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
CIVIC DEVELOPMENT CORPORATION
Resolution No. CDC-12-02-06
February 22, 2012
RESCINDING RESOLUTION NO. CDC-11-08-10 ENTITLED
“AUTHORIZING ADVANCE OF FUNDS TO THE CIVIC DEVELOPMENT FUND”
WHEREAS, Resolution No. CDC-11-08-10 was adopted August 25, 2011 by the St.
Lawrence County Industrial Development Agency Local Development Corporation authorizing
an advance of funds in the amount of $50,000.00 from the Corporation’s unrestricted funds to
help capitalize the Civic Development Fund, and
WHEREAS, since the adoption of Resolution No. CDC-11-08-10 the circumstances
surrounding the need to help capitalize the Civic Development Fund have changed and the Fund
no longer requires immediate capitalization,
WHEREAS, the Corporation’s auditors have recommended the rescission of this
resolution authorizing the advance,
NOW, THEREFORE BE IT RESOLVED the St. Lawrence County Industrial
Development Agency Civic Development Corporation hereby rescinds Resolution No. CDC-11-0810 entitled “Authorizing Advance of Funds to the Civic Development Fund.”
Move:
Second:
VOTE
Blevins
Hall
LaBaff
McMahon
Peck
Staples
Weekes
LaBaff
McMahon
AYE
X
X
X
X
X
X
X
NAY
ABSTAIN
ABSENT
I HEREBY CERTIFY that I have compared this copy of
this Resolution with the original record in this office, and
that the same is a correct transcript thereof and of the
whole of said original record.
/s/
Natalie A. Sweatland
February 22, 2012