HomeMy WebLinkAboutOrd 3433 07/03/1984 RDINANCE NO. 3~3
AN ORDINANCE REPEALING ORDINANCE NO. 3060,
3218, and 3320 OF THE VILLAGE CODE OF MOUNT
PROSPECT
PASSED AND APPROVED BY
THE PRESIDENT AND BOkRD OF TRUSTEES
THE 3rd DAY OF JULY , 1984
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, ~he
3rd day of _ July, 1984
RDINANCE NO. 3433
ORDINANCE REPEALING ORDINANCE NO. 3060, 3218, and 3320
OF THE VILLAGE OF MOUNT PROSPECT
WHEREAS, the Village of Mount Prospect is in its
seventh year as an entitlement community under the
Federal Community Development Block Grant Program; and
WHEREAS, in fiscal years 1980 and 1981 the Village
allocated funds under the Community Development Block
Grant Program for implementation of a Commercial
Rehabilitation Loan Program; and
WHEREAS, The village adopted the Commercial
Rehabilitation Loan Program with Ordinance No. 3060, as
amended by Ordinance No. 3218 and 3320; and
WHEREAS, it has been determined that the Facade
Improvement Program is more economically feasible and
will present a more positive impact on the use of the
funds than the previously authorized Commercial
Rehabilitation Loan Program; and
WHEREAS, the Mayor and Board of Trustees have
determined that the funds originally allocated,
currently on hand, for the Commercial Rehabilitation
Loan Program will be more beneficial to the Village and
to the intent and priorities of the Federal guidelines
by use in the Facade Improvement Program:
NOW, THEREFORE, BE IT ORDAi~f~ BY THE ~YOR AND
BOARD OF TRUSTEES OF THE VI~E OF MOUNT pROsPECT, COOK
COUNTY, ILLINOIS:
SECTION 1. The Mayor and Board of Trustees of the
Village of Mount Prospect hereby authorize the
elimination of the Commercial Rehabilitation Loan
Program under the Community Development Block Grant
funding by repealing Ordinances No. 3036, 3218, and
3320.
SECTION 2. This Ordinance shall be in'full force
and effect from and after its passage and approval in
the manner provided by law.
AYES: FARLEY, FLOROS, VAN GERM,
NAYS: NONE
ABSENT: ARTHUR, MURAUSKIS
WATTENBERG
Passed and approved this 3rd day of
,1984.
JULY
MAYOR
VILLAGE CLERK