ST. LAWRENCE COUNTY LOCAL DEVELOPMENT CORPORATION Resolution No. 11-13 February 9, 2011 SUPPORTING AN APPLICATION FOR FUNDS FROM THE RIVER VALLEY REDEVELOPMENT AGENCY’S COMMUNITY DEVELOPMENT AND ENVIRONMENTAL IMPROVEMENT PROGRAM TO RECAPITALIZE THE MICROENTERPRISE REVOLVING LOAN FUND WHEREAS, funds are available from the River Valley Redevelopment Agency’s (RVRA) Community Development and Environmental Improvement Program (CD-EIP) for projects that will support and advance community development, environmental improvement and employment opportunities, and WHEREAS, the St. Lawrence County Local Development Corporation (SLCLDC) administers a Micro-Enterprise Revolving Loan Fund, and WHEREAS, the Micro-Enterprise Revolving Loan Fund is in need of recapitalization, NOW, THEREFORE, BE IT RESOLVED that the St. Lawrence County Local Development Corporation does hereby support an application to RVRA CD-EIP and hereby authorizes, subject to review by the SLCLDC Attorney where required: Move: Second: VOTE Chambers Clark Deuel Gaines Marr Scott Snyder SLCLDC staff to prepare the application and to perform other necessary activities in order to secure funds; Payment of the $100 non-refundable application fee; Should the funds be awarded, the Chief Executive Officer of the SLCLDC to sign the necessary documentation and contract for administration, upon approval of the SLCLDC Attorney, and the SLCLDC staff to engage in requisite activities to secure and administer funds as may be required. Marr Chambers Yea V (V = Voice Vote; P = Vote by Proxy) Nay Abstain Absent x P P V I hereby certify that I have compared a 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. x V /s/ Lori Sibley February 9, 2011