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 April 26, 2013 at 11:30 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:
Jennifer C.S. Brylinski, Executive Director
Walter F. Garigliano, General Counsel
The following resolution was duly offered by Steve White, and seconded by Harris Alport, to wit:
Resolution No. 01 – 13
RESOLUTION AUTHORIZING AND APPROVING A MILLENNIUM REVOLVING LOAN TO FAT LADY LLC
WHEREAS, on June 14, 2011, the County of Sullivan Industrial Development Agency (“Agency”) adopted program guidelines for its Millennium Revolving Loan Fund (“MRLF”); and
WHEREAS, on December 13, 2011, the Agency assigned the MRLF to SCFC; and
WHEREAS, on April 3, 2013, Fat Lady LLC submitted a MRLF application to SCFC for a loan in the principal amount not to exceed $75,000.00; and
WHEREAS, on April 19, 2013, the MRLF committee reviewed the application and recommended approval of the loan; and
WHEREAS, SCFC wishes to lend an amount not to exceed $75,000 to Fat Lady LLC from the MRLF.
NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF SCFC AS FOLLOWS:
Section 1. SCFC hereby approves a loan in an amount not to exceed $75,000 to Fat Lady LLC from the MRLF.
Section 2. 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 April 26, 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 26th day of April, 2013.
_________ Assistant Secretary