HomeMy WebLinkAboutRes 07-07 04/03/2007
RESOLUTION DATED 07 -07
April 3, 2007
A RESOLUTION ACCEPTING A GRANT FROM THE ILLINOIS HOUSING DEVELOPMENT
AUTHORITY FOR HOME BUYER ASSISTANCE PROGRAM
The undersigned, Secretary or Assistant Secretary of Village of Mount Prospect, lllinois, a
unit of local government ("Sponsor''), duly organized and existing under the laws of the State of
Illinois, does hereby certify that the following is a true and correct copy of the resolutions adopted by
the Board of Directors of the Sponsor dated and adopted in accordance with the
Sponsor's Articles of Incorporation and By-laws, and the laws of the State of Illinois:
44RESOL VED, that the Sponsor shall enter into a Grant Agreement e4Grant Agreement")
with the Illinois Housing Development Authority e'Authority"), as program administrator of the
HOME Investment Partnerships Program for the State ofDlinois, whereby the Authority agrees to
make a grant e4Grant") to the Sponsor, which shall be used by the Sponsor to identify home buyers
who will be eligible to receive from the Authority, forgivable loans to help finance the acquisition,
all in accordance with the tenns and conditions set forth in the Grant Agreement.
FURTHER RESOLVED, that anyone or more of the Village President, or Secretary or
Assistant Secretary of the Sponsor, is hereby authorized and empowered to execute and deliver in the
name of or on behalf of the Sponsor the Grant Agreement and any and all amendments,
modifications and supplements thereto, and to execute and deliver such additional documents,
instruments and certificates as may be necessary or desirable for the Sponsor to perform its
obligations under the Grant Agreement.
FURTHER RESOLVED, that anyone or more of the Village President, or Secretary or
Assistant Secretary of the Sponsor, be and is hereby authorized and directed to take such additional
actions, to make further detenninations, to pay such costs and to execute and deliver such additional
instruments (including any amendments, agreements or supplements) as he or she deems necessary
or appropriate to carry into effect the foregoing resolutions.
FURTHER RESOLVED, that the acts of the Sponsor and the Village President, or Secretary
or Assistant Secretary of the Sponsor in furtherance of the Grant Agreement, including those acts
taken prior to the date hereof, be, and the same hereby are, in all respects, ratified, confirmed and
approved."
(Signature Page follows)
244966-1
April, 2007.
IN WITNESS WHEREOF, I have hereunder subscribed my name as of the 16th day of
/lJ~~r::::jJ a;//-y- r:p'Mf!:
Print Name:/?? j- cv >>,,~/
Its: Secretary or Assistant ~cretary
244966-1