HomeMy WebLinkAbout#5254 S.V. Sound Specialist, INC. Grant funds RESOLUTION NO. 5254
A RESOLUTION IN SUPPORT OF AN APPLICATION FOR COMMUNITY
DEVELOPMENT BLOCK GRANT FUNDS TO BE USED FOR THE BENEFIT OF
S.V. SOUND SPECIALIST, 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, S.V. Sound Specialist,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 S.V. Sound Specialist, 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 S.V. Sound Specialist, 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 S.V. Sound Specialist, Inc., to execute any and all documents necessary to secure,
encumber or otherwise collateralize or guarantee of any assets (real, personal or
mixed) of S.V. Sound Specialist, Inc., or its owners/shareholders/members/partners,
in order to secure S.V. Sound Specialist, Inc.'s performance as required under any
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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, Alderwoman Angie Lingenfelter
Nays:
Absent: Alderwoman Angela Hale, Alderman John Lovell
AP' 'OVED: J
1,3-0-2---
-nt McDowell, Ma
Art ATTEST:
City C erk
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