HomeMy WebLinkAboutResolution #3921RESOLUTION # 3 9 21
WHEREAS, the City of Canton (the "City") has been awazded a Grant (the "Grant") by
the Illinois Housing Development Authority (the "Authority"), as Sponsor of the HOME
Investment Partnerships Program the "Program") in the amount of Five hundred one
thousand and No/100's (5501000.00 under the Authority's Prograan and in order to receive the
Grant the City must formally authorize certain of its officials to execute the appropriate
documents required in connection with the Grant;
THEREFORE BE IT RESOLVED, that the City shall enter into a Grant Agreement (the
"Agreement") with the Authority wherein the Authority agrees to make the Grant to the City in
the maximum amount of Five hundred one thoasand and No/100's (SSO1.000.00), which shall
be used by the City for the purposes described in and all in accordance with the terms and
conditions set forth in the Agreement:
in order to make a grant for the City's Rehabilitation Program to lend funds for the
rehabilitation of approximately Twelve (I2) single-family owner-occupied residences.
BE IT RESOLVED FURTHER that the following individual: Mayor, Kevin Meade of the
City, without the necessity or requirement for the signature of another person, is hereby
individually directed and individually authorized to take such action as such individual deems
necessary to effectuate the foregoing and such individual is hereby individually directed and
individually authorized to execute on behalf of the Corporation the Agreement and all other
documents and instruments relating to the Grant to be delivered to the Authority in connection
with the closing of the Grant.
BE IT RESOLVED FURTHER that the City hereby ratifies, authorizes, confirms and
approves any prior action of the City taken in furtherance of the foregoing and any and all
documents and instruments previously executed on behalf of the City in connection with the
Grant.
PASSED BY THE CITY OF CANTON, STATE OF ILLINOIS, AND APPROVED BY ITS
MAYOR THIS 2 0 DAY OF Apr i 1 , 2010.
APP VE
Kevin Meade, Mayor
I, Clerk of the City of Canton, hereby certifies that the attached resolution was adopted by the
Ciiy on the 2 0th day of A~ r i 1 •20I 0.
'~'
Nancy Whites, erk
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