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HomeMy WebLinkAboutResolution # 3802 ~- RESOLUTION NO. 3802 A RESOLUTION APPROVING THE ECONOMIC DEVELOPMENT SERVICES AGREEMENT BETWEEN THE CITY OF CANTON AND THE SPOON RIVER PARTNERSHIP FOR ECONOMIC DEVELOPMENT AND AUTHORIZING AND DIRECTING THE MAYOR AND CITY CLERK OF THE CITY OF CANTON TO EXECUTE SAID AGREEMENT ON BEHALF OF THE CITY OF CANTON. WHEREAS, the City of Canton, Illinois has entered into negotiations with the Spoon River Partnership for Economic Development concerning an Economic Development Services Agreement between the City of Canton and the Spoon River Partnership for Economic Development; and WHEREAS, the Community and Industrial Development Committee of the City of Canton, Illinois has reviewed the terms of the proposed Economic Development Services Agreement, a copy of which Agreement is attached hereto and made a part hereof as Exhibit A; and WHEREAS, the Community and Industrial Development Committee of the City of Canton, Illinois has determined that it is necessary, desirable and in the best interest of the City of Canton, Illinois to approve said Agreement; and WHEREAS, the City Council of the City of Canton, Illinois has made a similar determination. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF CANTON, FULTON COUNTY, ILLINOIS, AS FOLLOWS: 1. That the Economic Development Services Agreement between the City of Canton, Illinois and the Spoon River Partnership for Economic Development, a copy of which Agreement is attached hereto and made a part hereof as Exhibit A, is hereby approved in the 1 form attached as Exhibit A, said Agreement to be subject to and effective pursuant to the terms and conditions set forth therein. 2. That the Mayor and City Clerk of the City of Canton, Illinois are hereby authorized and directed to execute and deliver said Agreement on behalf of the City of Canton, Illinois. 3. That this Resolution shall be in full force and effect immediately upon its passage by the City Council of the City of Canton, Illinois and approval by the Mayor thereof. PASSED by the City Council of the City of Canton, Fulton County, Illinois at a regular meeting this 15`h day of May, 2007 upon a roll call vote as follows: AYES: Aldeztnen Lewis, Strandberg, Meade, Carl, West, Sarff, Berardi. NAYS: None. ABSENT: Aldextnen Schenck, APP E : , Rod W. Heinze, ayo ATTEST: ~~ _ Na y S. Whites, City Clerk 2