HomeMy WebLinkAboutResolution #3910RESOLUTION NO. 3 910
COUNCIL RESOLUTION OF SUPPORT
WHEREAS, the City of Canton, Illinois is working to secure economic redevelopment at the
former International Harvester site in Canton; and
WHEREAS, the City of Canton is applying to the State of Illinois for a Community
Development Assistance Program Grant and an Illinois Department of Transportation grant that
will be used to assist with infrastructure costs; and
WHEREAS, it may be necessary that the City enter into an agreement with MidAmerica
National Bank for funding for the project cost not covered by the grant.
NOW, THEREFORE, BE IT RESOLVED as follows:
1. That the City of Canton has the necessary $2,129,547 in cash on hand for leverage as
required by Department of Commerce and Economic Opportunity for this project.
2. That the Mayor and City Clerk on behalf of the City of Canton, Illinois 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 funding.
PASSED this 17th day of Novemb r _ , 2009.
AYES: Aldermen Hartford, Ellis, Rivero, Sarff, West, Schenck, Reed.
NAYS: None.
ABSENT: Former Alderman Jason Strandberg who resigned on 9-22-09.
(SEAL)
ATTEST:
City Cle ayor