HomeMy WebLinkAboutRes 10-86 03/04/1986
RESOLUTION NO.
10-86
A RESOLUTION APPROVING THE FISCAL YEAR 1986 COMMUNITY
DEVELOPMENT BLOCK GRANT ENTITLEMENT PROGRAM
WHEREAS, the Village of Mount Prospect is entering its ninth
year as an entitlement community under the federal Community
Development Block Grant Program; and
~iEREAS, in the past eight years the Village has used its
Community Development Block Grant entitlement to implement
various projects to address the community development and housing
needs of its low and moderate income and elderly residents, to
reduce and prevent the occurrence of deterioration in the Central
Area of the Village, to increase accessibility for the handi-
capped, and to address other community needs in conformance with
the objectives of the Community Development Block Grant Program;
and
WHEREAS, the Village of Mount Prospect has been allocated
$219,656.00 for fiscal year 1985 reallocated funds and the 1986
new allocation from the U. S. Department of Housing and Urban
Development; and
WHEREAS, the Mayor and Board of Trustees has determined that
these funds can continue to be of benefit in providing for the
health, safety and welfare and meeting the community development
and housing needs of its citizens:
NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES
OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: The Mayor and Board of Trustees of the Village
of Mount Prospect hereby approves the allocation of Community
Development Block Grant funds to projects in the following
amounts for a total allocation of $219,656.00:
Residential Rehabilitation Loan Program
Downtown Improvements
Commercial Building Facade Improvements
Low-Moderate Income Day Care Services
General Administration
$ 45,000.00
79,656.00
50,000.00
5,000.00
40,000.00
SECTION TWO: The Mayor and Board of Trustees of the Village
of Mount Prospect hereby authorizes the Village Manager to
prepare and forward to the U.S. Department of Housing and Urban
Development a submission of Mount Prospect's iiFinal Statement of
Community Development Objectives and Projected Use of Fundsl! in
accordance with federal guidelines.
SECTION THREE: This Resolution shall be in full force and
effect from and after its passage and approval in the manner
provided by law.
AYES: Arthur, Farley, Floros, Murauskis, Van Geem, Wattenberg
NAYS: None
ABSENT: None
PASSED AND APPROVED this ~ day of
Narch
, 1986.
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VILlAGE CLERK