ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY CIVIC DEVELOPMENT CORPORATION Resolution No. CDC-12-09-14 September 27, 2012 ACCEPTING TENTATIVE 2013 BUDGET WHEREAS, the St. Lawrence County Industrial Development Agency Civic Development Corporation (the “SLCIDA-CDC”) has caused to be prepared a tentative Fiscal Year 2013 Budget, and WHEREAS, SLCIDA-CDC members have had an opportunity to review the budget (attached hereto and made a part hereof) prior to the September 27, 2012 meeting, NOW, THEREFORE, BE IT RESOLVED that the St. Lawrence County Industrial Development Agency Civic Development Corporation does hereby accept the tentative budget as proposed, including modifications and amendments as may be reflected in the minutes of this meeting, and BE IT FURTHER RESOLVED that the SLCIDA-CDC shall cause to have copies of the tentative budget forwarded to the St. Lawrence County Clerk and to the Legislature of St. Lawrence County and to do all other things as may be required by statute, and BE IT FURTHER RESOLVED that the SLCIDA-CDC will consider comments on the Tentative Budget at the next meeting that is scheduled at least 20 days from the date of this resolution, and may modify the Budget based on those comments or on other information that may come to the attention of the SLCIDA-CDC. Move: Second: VOTE Blevins Hall LaBaff McMahon Peck Staples Weekes Blevins Hall AYE 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/ X Natalie A Sweatland Natalie A. Sweatland September 27, 2012 Income OPERATING REVENUE- Other 2409B · Interest Income - Banking 2409L · Interest Income - Loans 2415 · Project/Bond Fees 2011 Actual 2012 Budget YTD 6/30/12 2013 Budget 80.43 0.00 148,400.00 148,480.43 10,000.00 0.00 150,000.00 160,000.00 56.02 0.00 105,800.00 105,856.02 2,000.00 500.00 150,000.00 152,500.00 Expenditures 6460411 · Insurance Expense 6460432 · Other Legal Expense 6460434 · Accounting Expense 6460450 · Project Development Expense 6460499 · Miscellaneous Expense Total IDA CDC Operating Expenditures 738.05 0.00 3,100.00 73,200.00 340.45 77,378.50 0.00 10,000.00 3,500.00 75,000.00 1,000.00 89,500.00 3,300.00 0.00 3,300.00 0.00 295.42 6,895.42 700.00 10,000.00 3,000.00 75,000.00 1,000.00 89,700.00 Total Revenue Total Expenditures Net Income 148,480.43 77,378.50 71,101.93 160,000.00 89,500.00 70,500.00 105,856.02 6,895.42 98,960.60 152,500.00 89,700.00 62,800.00