HomeMy WebLinkAboutRes 06-98 02/17/1998 RESOLUTION NO. 6--98
A RESOLUTION APPROVING THE
SMALL RENTAL PROPERTIES PROGRAM GRANT FROM THE
ILLINOIS HOUSING DEVELOPMENT AUTHORITY AND THE
STATE OF ILLINOIS
WHEREAS, the Village of Mount Prospect has determined there is a need to assist small
rental property owners in making repairs to bring such properties up to Village Code; and
WHEREAS, the Village of Mount Prospect has prepared an application for a Small Rental
Properties Program; and
WHEREAS, the Village of Mount Prospect has been awarded a grant of two hundred, thirty-
six thousand dollars ($236,000.00) by the Illinois Housing Development Authority and the State of
Illinois to operate a Small Rental Properties Program; and
WHEREAS, the Village of Mount Prospect has determined that the Small Rental Properties
Program Grant can be of benefit in providing for residents' health, safety and welfare and in
improving rental properties:
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 shall
enter into a Small Rental Properties Program Agreement (the "Program Agreement") with the
Illinois Housing Development Authority, as program administrator of the HOME Investment
Partnerships program for the State of Illinois (the "Authority"), wherein the Authority agrees to
make a grant (the "Grant") to the Village of Mount Prospect, which shall be used to make forgivable
loans to assist rental property owners in the rehabilitation of low-income rental properties containing
no more than eleven (11) units, all in accordance with the terms and conditions set forth in the
Program Agreement. ~
SECTION TWO: The Mayor and Board of Trustees of the Village of Mount Prospect
hereby authorize the Village Manager to execute and deliver to the Authority the Grant Agreement
and all other documents and instruments relating to the Grant to be delivered to the Authority in
connection with the closing of the Grant
SECTION THREE: The Mayor and Board of Trustees of the Village of Mount Prospect
hereby ratifies, authorizes and confirms all documents and instruments previously executed in
connection with the Grant.
AYES: Clowes, Corcoran, Hoefert, Lohrstorfer, Wilks
NAYS: None
ABSENT: Nocchi
PASSED AND APPROVED this I7 day of February ,1998
VILLAGE CLERK " ' MA'~OR ! ///
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ILLINOIS HOUSING DEVELOPMENT AUTHORITY
SRPP PROGRAM
GOVERNMENTAL UNIT INCUMBENCY CERTIFICATE
The undersigned, Clerk of the Village of Mount Prospect, a municipal corporation, hereby
certifies to the Illinois Housing Development Authority as follows:
1. That the following persons have been duly elected or appointed to the positions
set opposite their respective names and continue to serve in such position on the date hereof,
and that the signatures opposite their respective names are their genuine signatures:
Name Title
Gerald L. Farley __Mayor
Michael E. Janonis __Village Manager
2. That the undersigned has full power and authority to execute and deliver this
Certificate.
~' O IN WITNESS WHE..~EOF, I have hereunder subscribed my name on thi~"~day of · 199~.
Name:
Clerk
The undersigned, Mayor of the Village of Mount Prospect, a municipal corporation, hereby
certifies to the Illinois Housing Development Authority as follows:
1. The following person has been duly appointed to the position set opposite his or
her name and continues to serve in such position on the date hereof, and that the signature
opposite his or her name is his or her genuine signature:
Name Titl~e ~ ~,, .~.Si nature
Carol A. Field~ __Clerk
2. That the undersigned has full power and authority to execute and deliver this
Certificate.
_~z~N WITN. ESS ~Hs2~-/REOF, I have hereunder subscribed my name on thi.~ay of
Na~me: Gera~d L.' Farley
Title: Mayor