The purpose for which the Corporation was formed includes:
The preservation of historic areas and building; the acquisition of real
property for the purpose of adaptive re-use, re-development or development
projects that serve a public purpose; to assist the Village of Potsdam with
community development and revitalization efforts; to promote economic
development, job creation and retention; to assist the Village of Potsdam's
efforts to preserve and expand the supply of decent and affordable
housing. Such activities shall principally benefit persons of
low/moderate income as defined in the HUD Small Cities Community Development
Block Grant Program. The focus of all the Corporation's activities shall
be the Village of Potsdam and under circumstances, the Town of Potsdam.
Functions and Purpose
To preserve the Village of Potsdam's unique architectural heritage
through the provision of grants, loans and technical assistance to
individuals, corporations, or community organizations for the preservation
of historic and cultural resources.
To acquire real property for the purpose of adaptive re-use,
re-development or development projects that are of public benefit.
To assist the Village with the development and implementation of
community revitalization activities including community forestry, the
development of parks and recreation resources, streetscape improvements,
or other similar activities that are of public benefit.
In partnership with the Village of Potsdam promote economic
development, job creation and retention through the provision of financial
assistance including grants, loans, incentives and technical
assistance. The principal beneficiaries of these efforts shall be
persons of low/moderate income as defined by the US Development of Housing
and Urban Development.
To assist the Village of Potsdam's efforts to preserve and expand the
supply of decent, safe, sanitary and affordable housing principally
benefitting persons of low/moderate income as defined above.
To undertake projects for which the Potsdam Local Development
Corporation is an inappropriate project sponsor.
To do any other act or thing incidental to or connected with the
foregoing purposes or in the advancement therof, but not for the pecuniary
profit or financial gain of its members, directors, or officers except as
permitted under Article 5 of the Not-for-Profit Corporation Law.