HomeMy WebLinkAbout#5252 K.C. Sales grant funds RESOLUTION NO. 5252
A RESOLUTION IN SUPPORT OF AN APPLICATION FOR COMMUNITY
DEVELOPMENT BLOCK GRANT FUNDS TO BE USED FOR THE BENEFIT OF
K.C. SALES, INC.
WHEREAS, the City of Canton, an Illinois municipal corporation, is applying to the
State of Illinois for a Community Development Block Grant("CDBG") Program grant;
WHEREAS, it is necessary that an application be made, and agreements entered with the
State of Illinois;
WHEREAS, K.C. Sales, Inc. is, in the opinion of the City of Canton, a business eligible
for assistance by CDBG Economic Development Downstate Small Business Stabilization funds;
and
WHEREAS, the City Council and Mayor of the City of Canton have deemed it in the best
interests of the City of Canton to adopt this Resolution in Support of an Application for
Community Development Block Grant Funds to be used for the benefit of K.C. Sales, Inc.
NOW, THEREFORE, BE IT RESOLVED as follows:
1) That the City of Canton hereby supports the Application for Community
Development Block Grant Funds by the City of Canton to be used for the benefit
of K.C. Sales, Inc.;
2) That the City of Canton apply for a grant under the terms and conditions of the
State of Illinois and shall enter in to and agree to the understandings and
assurances contained in said applications to accomplish the foregoing;
3) That the Mayor and/or City Clerk, as the case may be and as required, and on
behalf of the City of Canton, shall execute and deliver such documents and all
other documents necessary for the carrying out of said applications and the
foregoing, including, without limitation, any necessary Participation Agreements
and certifications;
4) That the Mayor and/or City Clerk, as the case may be and as required, and on
behalf of the City of Canton, are authorized to provide such additional
information as may be required to accomplish the obtaining of such grant;
5) The Mayor and/or City Attorney are hereby authorized prior to, at the time of, and/or
after the disbursement of any funds (including DCEO funds) by the City of Canton
to K.C. Sales, Inc., to execute any and all documents necessary to secure, encumber
or otherwise collateralize or guarantee of any assets (real,personal or mixed) of K.C.
Sales, Inc., or its owners/shareholders/members/partners, in order to secure K.C.
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Sales, Inc.'s performance as required under any agreements, including, without
limitation, Participation Agreements, pursuant to any authority granted to the City
of Canton thereunder. Without limiting the foregoing, the Mayor and/or City
Attorney are hereby granted the authority to file and enforce liens, financing
statements, mortgages, and other forms of security interests as deemed necessary by
the Mayor and/or City Attorney.
PASSED this 28th day of April, 2020
Ayes: Alderman Ryan Mayhew, Alderman Quin Mayhew, Alderman Craig West, Alderman Jeff
Fritz, Alderman Justin Nelson
Nays:
Absent: Alderwoman Angie Lingenfelter, Alderwoman Angela Hale, Alderman John Lovell
APP OVED: /t,�
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ATTEST: --- 4„.f
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