County Funding Acceptance Resolution — County-Funding-Acceptance-Resolution.pdf

RESOLUTION
A regular meeting of the Onondaga County Industrial Development Agency convened in
public session on August 10, 2021, at 8:00 a.m., local time at 333 West Washington Street,
Syracuse, New York.
The meeting was called to order by the (Vice) Chairman of the Agency and, upon roll being
called, the following members of the Agency were:
PRESENT: Patrick Hogan
Janice Herzog
Victor Ianno
Kevin Ryan
Fanny Villarreal
ABSENT: Steve Morgan
Susan Stanezyk
ALSO PRESENT: Robert M. Petrovich, Executive Director
Jeffrey W. Davis, Esq., Agency Counsel
Amanda M. Fitzgerald, Esq., Agency Counsel
The following resolution was offered by Kevin Ryan, seconded by Janice Herzog, to wit:

RESOLUTION AUTHORIZING NEGOTIATION,
EXECUTION AND DELIVERY OF A_ CERTAIN
AGREEMENT WITH THE COUNTY OF ONONDAGA
WHEREAS, Onondaga County Industrial Development Agency (the “Agency”) is
authorized and empowered by the provisions of Chapter 1030 of the 1969 Laws of New York,
constituting Title 1 of Article 18-A of the General Municipal Law, Chapter 24 of the Consolidated
Laws of New York, as amended (the “Enabling Act”), Chapter 435 of the Laws of 1970 of the State
of New York and Chapter. 676 of the Laws of 1975 of the State of New York, as amended (said
Chapter and the Enabling Act being hereinafter collectively referred to as the “Act”) to promote,
develop, encourage and assist in the acquiring, constructing, reconstructing, improving,
maintaining, equipping and furnishing of manufacturing, warehousing, research, commercial and
industrial facilities, among others, for the purpose of promoting, attracting and developing
economically sound commerce and industry to advance the job opportunities, health, general
prosperity and economic welfare of the people of the State of New York, to improve their
prosperity and standard of living, and to prevent unemployment and economic deterioration; and

WHEREAS, on August 3, 2021, the County Legislature of Onondaga County adopted a
resolution authorizing the County Executive to enter into loan agreements and contracts necessary
to effectuate providing a loan to the Agency on an as-needed basis pursuant to a revolving loan
program in a total amount not to exceed $20,000,000 (the “Loan”, to expand and improve asset
development in Onondaga County (the “County”) in order to enable OCIDA to market properties
to a larger more diverse mix of potential industrial and commercial developers by making various
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project sites more attractive to a broader scope of industries and bringing high tech and high paying
jobs to the County; and
WHEREAS, the Agency is desirous of entering into loan agreements and contracts
necessary to effectuate the Loan (collectively, the “Agreement”) with the County; and
WHEREAS, the Agency wishes to delegate to the Executive Director, with the advice of
counsel to the Agency, certain authority to negotiate, execute and deliver the Agreement.

NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE ONONDAGA
COUNTY INDUSTRIAL DEVELOPMENT AGENCY AS FOLLOWS:
Section 1. It is the policy of the State to promote the economic welfare, recreation
opportunities and prosperity of its inhabitants and to actively promote, attract, encourage and
develop recreation and economically sound commerce and industry for the purpose of preventing
unemployment and economic deterioration. It is among the purposes of the Agency to promote,
develop, encourage and assist in the acquiring, constructing, improving, maintaining, equipping
and furnishing of certain facilities, including commercial facilities, and thereby advance the job
opportunities, health, general prosperity and economic welfare of the people of the State and to
improve their recreation opportunities, prosperity and standard of living.
Section 2. The Agency hereby determines the Executive Director is authorized, with
the advice of counsel, to negotiate, execute and deliver, on behalf of the Agency, the Agreement.
Section 3. The Chairman, Vice Chairman and/or Executive Director of the Agency are
hereby authorized and directed to distribute copies of this Resolution and to do such further things
or perform such acts as may be necessary or convenient to implement the provisions of this
Resolution.
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The question of the adoption of the foregoing Resolution was duly put to a vote on roll call,
which resulted as follows:

AYE NAY ABSENT
Patrick Hogan x
Janice Herzog x
Victor Ianno x
Steve Morgan Xx
Susan Stanczyk Xx
Kevin Ryan 4
Fanny Villarreal x
The Resolution was thereupon declared duly adopted.
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STATE OF NEW YORK )
) ss.:
COUNTY OF ONONDAGA )
I, the undersigned Secretary of the Onondaga County Industrial Development Agency, DO
HEREBY CERTIFY that I have compared the foregoing extract of the minutes of the meeting of
the members of the Agency, including the Resolution contained therein, held on August 10, 2021,
with the original thereof on file in my office, and that the same is a true and correct copy of such
proceedings of the Agency and of such Resolution set forth therein and of the whole of said original
so far as the same relates to the subject matter therein referred to.
I FURTHER CERTIFY that (A) all members of the Agency had due notice of said meeting,
(B) said meeting was in all respects duly held, (C) pursuant to Article 7 of the Public Officers Law
(the “Open Meetings Law”), said meeting was open to the general public and due notice of the
time and place of said meeting was duly given in accordance with such Open Meetings Law, and
(D) there was a quorum of the members of the Agency present throughout said meeting.
I FURTHER CERTIFY that as of the date hereof, the attached Resolution is in full force
and effect and has not been amended, repealed, or rescinded.
IN WITNESS WHEREOF, I have hereunto set my hand this 10th day of August, 2021.
(SEAL) Secretary NY
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