ST. LAWRENCE COUNTY LOCAL DEVELOPMENT CORPORATION Resolution No. 12-11 July 18, 2012 RESCINDING RESOLUTION NO. 12-07: “AUTHORIZING A LOAN OF $20,000 TO GT SPEED SHOP / WADDINGTON AUTO PARTS” WHEREAS, on March 12, 2012, the St. Lawrence County Local Development Corporation approved Resolution No. 12-07, “Authorizing a Loan of $20,000 to GT Speed Shop / Waddington Auto Parts”, and was contingent upon approval of additional partner funding, and WHEREAS, having been unable to secure the additional funding, the applicant has withdrawn his original application, NOW, THEREFORE, BE IT RESOLVED that the St. Lawrence County Local Development Corporation rescinds Resolution No. 12-07. Move: Second: VOTE Clark Marr McKeown Ragan Scott Snyder Marr Scott Yea P V P P V P (V = Voice Vote; P = Proxy Vote) Nay Abstain Absent 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. /S/ Lori Sibley July 18, 2012