Narrative of Resolution:
title
Authorize the creation of "Sullivan County Resort Facilities Local Development Corporation:
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RESOLUTION NO. INTRODUCED BY THE EXECUTIVE COMMITTEE AUTHORIZING THE CREATION OF "SULLIVAN COUNTY RESORT FACILITIES LOCAL DEVELOPMENT CORPORATION", APPROVING THE FORM OF THE CERTIFICATE OF INCORPORATION, DESIGNATING THE CORPORATION AS ISSUER OF TAX-EXEMPT AND TAXABLE BONDS AND AUTHORIZING THE CORPORATION TO PERFORM ESSENTIAL GOVERNMENTAL FUNCTIONS INCLUDING ACTIVITIES ASSOCIATED WITH THE PROMOTION OF COMMUNITY AND ECONOMIC DEVELOPMENT AND JOB CREATION AND THE ISSUANCE OF BONDS ON ITS BEHALF
WHEREAS, it is the policy of the State of New York to promote the economic welfare and prosperity of its inhabitants and to actively promote, attract, encourage and develop economically sound commerce and industry; and
WHEREAS, Sullivan County, New York (the "County") is tasked with the responsibility and burden to promote the health, safety and general welfare of the residents of the County by, among other, things preventing unemployment and economic deterioration including by increasing and maintaining employment opportunities and attracting and sustaining economically sound commerce; and
WHEREAS, it is essential for the County to support job creation, private investment and economic growth for residents of the County: and
WHEREAS, in furtherance of the public purposes set forth above, the County wishes to form Sullivan County Resort Facilities Local Development Corporation (the "Corporation"), a local development corporation authorized under Section 1411 of the New York State Not For Profit Corporation Law (the "NFPCL"), and
WHEREAS, a proposed certificate of inc...
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