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HomeMy WebLinkAbout#5268 Block Grant Funds/Official Time Out RESOLUTION 5268 A RESOLUTION IN SUPPORT OF AN APPLICATION FOR COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS TO BE USED FOR THE BENEFIT OF OFFICIAL TIME OUT ADOPTED BY THE CITY COUNCIL OF THE CITY OF CANTON ILLINOIS: JUNE 16,2020 PUBLISHED BY THE CITY CLERK PURSUANT TO THE AUTHORITY OF THE CITY COUNCIL OF THE CITY OF CANTON: JUNE 16, 2020 STATE OF ILLINOIS ) ) SS. COUNTY OF FULTON ) CERTIFICATE I, Diana Pavley-Rock, certify that I am the duly elected City Clerk of the CITY OF CANTON, FULTON COUNTY, ILLINOIS. I further certify that on JUNE 16, 2020 , the City Council of such municipality passed and approved Resolution #5268 entitled: A RESOLUTION IN SUPPORT OF AN APPLICATION FOR COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS TO BE USED FOR THE BENEFIT OF OFFICIAL TIME OUT The ordinance attached is a true and correct copy of the ordinance adopted by Canton City Council. DATED AT CANTON, ILLINOIS, THIS 1 A J 5Z020 Diana avl"ey-R , CMC, City Clerk Seal City of Canton, Illinois RESOLUTION#5268 A RESOLUTION IN SUPPORT OF AN APPLICATION FOR COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS TO BE USED FOR THE BENEFIT OF OFFICIAL TIME OUT 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, Official Time Out 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 Official Time Out. 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 Official Time Out; 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 the Official Time Out to execute any and all documents necessary to secure, encumber or otherwise collateralize or guarantee of any assets (real, personal or mixed) of the Official Time Out, or its owners/shareholders/members/partners, in order to secure Official Time Out'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 16 day of June 2020 Ayes: Aldermen Ryan Mayhew, Quin Mayhew, John Lovell, Craig West, Angela Hale, Jeff Fritz, Justin Nelson Nays: None Absent: Cerwo Ana genfelter ATTEST: r ayor �V