Friday, October 12, 2018

Lake City Local Development Corporation Community Development Office City Hall Plattsburgh NY 12901 (518)563-7642 Fax (518)563-4208 Board Meeting October 12, 2018 10:00 AM – Meeting Location: Public Library Smart Meeting Room AGENDA 1. Call to Order 2. President’s Update a. Recommendation to dissolve the Lake City Local Development Corporation i. Difficulty of re-compliance with ABO through PARIS submissions ii. Onerous rules associated to LDC iii. Lack of Support to the Revolving Loan Fund from Mayor and Council iv. Need to “put to bed” the entity in official capacity 1. Let’s not let this happen to others in the future 2. Starting a new LDC / not-for-profit LLC is MUCH easier 3. Executive Director’s Update 4. Vote to direct funds remaining after dissolution 5. Vote to Dissolve the Corporation 6. Adjourn