A special meeting of the Sullivan County Funding Corporation (“SCFC”) was convened in public session at the Sullivan County Government Center, 100 North Street, Village of Monticello, Sullivan County, New York on June 11, 2013 at 9:45 a.m. local time.
The meeting was called to order by Chairman Ira Steingart, and, upon roll being called, the following members of SCFC were:
Ira Steingart [ ] [ ]
Harold Gold [ ] [ ]
Edward T. Sykes [ ] [ ]
Suzanne Loughlin [ ] [ ]
Charles Barbuti, Jr. [ ] [ ]
Harris Alport [ ] [ ]
Cindy Garlinghouse [ ] [ ]
Steve White [ ] [ ]
Sean Rieber [ ] [ ]
The following persons were also present:
Allan C. Scott, Chief Executive Officer
Jennifer C.S. Brylinski, Executive Director
Walter F. Garigliano, General Counsel
The following resolution was duly offered by ____________________, and seconded by _____________________________, to wit:
Resolution No. 03 – 13
RESOLUTION AUTHORIZING AND APPROVING A MILLENNIUM REVOLVING LOAN FUND (“MRLF”) TO EUREKA MARKET & CAFÉ, INC. (“EUREKA MARKET”) AND COUNTRY HOUSE REALTY, INC. (“COUNTRY HOUSE” AND TOGETHER WITH EUREKA CAFÉ, “COMPANY”)
WHEREAS, on September 16, 2011 the Agency made a $75,000.00 revolving loan fund (“RLF”) to the Company which was originally applied for and approved as a MRLF loan, but was closed under the Agency’s RLF to facilitate the loan prior to assigning the MRLF to SCFC, which occurred on December 13, 2011; and
WHEREAS, the Company engages local high school students and wants the opportunity to receive “Harris” credits; and
WHEREAS, the Agency wishes to assign the loan which has a present principal balance of $70,121.02 to SCFC’s MRLF program; and
WHEREAS, SCFC wishes to authorize the assignment of the loan and the modification of the loan documents to meet the requirements of the MRLF.
NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF SCFC AS FOLLOWS:
Section 1. SCFC hereby approves the transfer and assignment of the Agency’s RLF over to SCFC’s MRLF to the Company.
Section 2. SCFC authorizes its Chief Executive Officer to sign any and all agreements, certificates, documents and instruments necessary relating to the foregoing.
Section 3. This resolution shall take effect immediately.
Ira Steingart [ ] Yes [ ] No [ ] Absent [ ] Abstain
Harold Gold [ ] Yes [ ] No [ ] Absent [ ] Abstain
Edward T. Sykes [ ] Yes [ ] No [ ] Absent [ ] Abstain
Suzanne Loughlin [ ] Yes [ ] No [ ] Absent [ ] Abstain
Charles Barbuti, Jr. [ ] Yes [ ] No [ ] Absent [ ] Abstain
Harris Alport [ ] Yes [ ] No [ ] Absent [ ] Abstain
Cindy Garlinghouse [ ] Yes [ ] No [ ] Absent [ ] Abstain
Steve White [ ] Yes [ ] No [ ] Absent [ ] Abstain
Sean Rieber [ ] Yes [ ] No [ ] Absent [ ] Abstain
The resolution was thereupon duly adopted.
STATE OF NEW YORK )
COUNTY OF SULLIVAN )
I, the undersigned (Assistant) Secretary of the Sullivan County Funding Corporation, DO HEREBY CERTIFY:
That I have compared the annexed extract of the minutes of the meeting of the Sullivan County Funding Corporation (the “Corporation”), including the resolutions contained therein, held on June 11, 2013, with the original thereof on file in my office, and that the same is a true and correct copy of the proceedings of the Corporation and of such resolutions set forth therein and of the whole of said original insofar as the same related to the subject matters therein referred to.
I FURTHER CERTIFY that public notice of the time and place of said meeting was duly given in accordance with Article 7 of the New York Public Officers Law, that all members of the Corporation had due notice of the meeting and that the meeting was in all respects duly held.
IN WITNESS WHEREOF, I have hereunto set my hand on this 11th day of June, 2013.