HomeMy WebLinkAboutRes 20-92 06/02/1992 RESOLUTION NO. 20 - 9 2
A RESOLUTION SUPPORTING APPLICATION OF
CATHOLIC CHARITIES SENIOR HOUSING SECTION 202 PROJECT
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect did, at
their regular meeting of October 15, 1991 adoPt Resolution No. 38-91 which approved a
Comprehensive Housing Affordability Strategy; and
WHEREAS, Priority 1 of said Comprehensive Housing Affordabllity Strategy was to provide
new housing construction for elderly low-income residents utilizing the HUD Section 202
Program; and
WHEREAS, Catholic Charities, a not-for-profit charitable organization, has indicated its
desire to participate in ihe development of said senior housing utilizing the Section 202
Program; and
WHEREAS, the V~ilage of Mount Prospect has established a Tax Increment Financing
District and Triangle Redevelopment Area and believes such Section 202 Senior Housing
would be appropriate with other future development in this section of downtown Mount
Prospect; and
WHEREAS, the Village of Mount Prospect is willing to provide an option agreement to
convey Village-owned property to Catholic Charities for the purpose of developing and
operating said elderly housing in accordance with Section 202 of the Housing Act of 1959,
as well as provide adequate zoning and other regulatory requirements under its jurisdiction.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That it does hereby support the application fora fund reservation to
Catholic Charities, a not-for-profit charitable organization, to HUD for an eighty (80) uni't
or less apartment development for the elderly.
SECTION TWO: That this Resolution of support is contingent upon a fund reservation for
Section 202 HUD financing to develop apartments for the elderly.
SECTION THREE: That it does hereby authorize and support the execution and
ratification of the option agreement.
SECTION FOUR: That this Resolution shall be in full force and effect from and after its
passage and approval in the manner provided by law.
AYES: Busse, Floros, Hoefert, Clowes, Wilks
NAYS: None
ABSENT: Corcoran
PASSED AND APPROVED this 2nd day of June 1992.
Village Clerk