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TOWN OF ORCHARD PARK TOWN BOARD RESOLUTION Authorizing Establishment of an Economic Development Committee Sub-Account WHEREAS, the Town of Orchard Park has maintained an Economic Development Committee (“EDC”) for many years for the purpose of supporting and encouraging economic development activities within the Town; and , WHEREAS, funds associated with the activities and purposes of the EDC have been received by the Town in the form of a bank check in the approximate amount of Nine Thousand Dollars ($9,000.00); and WHEREAS, the Town’s attorney and accounting firm have recommended that such funds be maintained within a separate sub-account or otherwise segregated account structure under the Town’s existing banking relationship for accounting and tracking purposes; and NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Orchard Park hereby acknowledges the continued existence of the Economic Development Committee as a Town committee operating under the auspices of the Town of Orchard Park; and be it further RESOLVED, that the Town Supervisor is hereby authorized and directed to establish an Economic Development Committee sub-account, or other appropriately designated account structure, under the Town’s existing banking relationship for the purpose of depositing and administering EDC-related funds; and be it further RESOLVED, that all monies deposited into said sub-account shall remain funds of the Town of Orchard Park and shall be subject to all applicable Town financial controls, accounting procedures, procurement requirements, and New York State laws and regulations; and be it further RESOLVED, that the Town Supervisor and such other officers‘or employees as may be authorized pursuant to existing Town banking resolutions shall be authorized to act with respect to said sub-account; and be it further RESOLVED, that the Town Clerk is hereby directed to provide certified copies of this resolution as may be necessary to effectuate the purposes hereof.