HomeMy WebLinkAboutResolution #3890RESOLUTION NO. 3 8 9 0
A RESOLUTION SUPPORTING THE CITY'S CDAP APPLICATION AND INFILL
REDEVELOPMENT PROJECT AND CONIIVIITMENT OF LEVERAGE FUNDS
TOWARD THE PROJECT
WHEREAS, the City of Canton, is applying to the State of Illinois for a Community
Development Assistance Program (CDAP) grant; and
WHEREAS, it is necessary that an application be made and agreements be entered into
with the State of Illinois; and
WHEREAS, criteria of CDAP are such that financial participation by the grantee is
required in conjunction with CDAP funds.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL
OF THE CITY OF CANTON, ILLINOIS, AS FOLLOWS:
1. That the City apply for a grant under the terms and conditions of the State of Illinois and
shall enter into and agree to the understandings and assurances contained in said
application.
2. That the Mayor and City Clerk on behalf of the City execute such documents and all
other documents necessary for the carrying out of said application.
3. That the Mayor and City Clerk are authorized to provide such additional information as
may be required to accomplish the obtaining of such grant.
4. That the City of Canton does hereby commit funds from its General Fund, IH TIF Fund,
Reserve Funds, or Alternative TIF Revenue Bond for use in conjunction with an Illinois
Community Development Assistance Program grant, such funds to equal 73.4% of the
estimated total project cost of $751,000, or 551 000.
PASSED by the City Council of the City of Canton, Illinois at a regular meeting this
~„~ day of June , 2009 upon a roll call vote as follows:
AYES: Aldermen Strandberg, Hartford, Ellis, Rivero, Sarff, West,
Schenck, Reed.
NAYS: None .
ABSENT: None .
APPROVEED:
ATTEST:
Kevin R. Mehde, Mayor
G~
Nancy S. hites, City Clerk