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DocuSign Envelope ID:2FF3C179-7B49-4BE0-8458-00933C3F0818 <br /> PROGRAM FUNDING AGREEMENT <br /> This PROGRAM FUNDING AGREEMENT(this"Agreement"),made and entered into <br /> as of the 19th day of March , 2021, by and between CITY OF DECATUR, an Illinois <br /> unit of local government ("Recipient") and the Illinois Housing Development Authority (the <br /> "Authority") a body politic and corporate established pursuant to the Illinois Housing <br /> Development Act,20 ILCS 3805/1 et seq., as amended from time to time (the"IHDA Act"). <br /> WITNESSETH: <br /> WHEREAS,pursuant to authority under Article 30,Section 5 of Public Act 101-0638 and <br /> the governed by the guidelines outlined in the term sheet(the"Rules"),the Authority may provide <br /> Funds to municipalities and counties in Illinois participating in the Strong Communities Program <br /> for the rehabilitation and demolition of Abandoned Residential Properties as defined herein; and <br /> WHEREAS, the Authority has issued, and the Recipient has accepted, that certain <br /> Conditional Commitment Letter(together with any amendments thereto, the "Commitment"), <br /> pursuant to which the Authority has agreed to provide funds to the Recipient in an amount not to <br /> exceed One Hundred Twenty-Five Thousand Three Hundred and No/100 Dollars <br /> ($125,000.00) (the "Funds") and Recipient will use the Funds for Eligible Uses in connection <br /> with rehabilitation and demolition of Abandoned Residential Property within the Recipient's <br /> jurisdiction(the"Project") and for no other purpose; and <br /> WHEREAS,as an inducement to the Authority to provide the Funds,the Recipient agrees <br /> to enter into this Agreement and consents to be regulated and restricted by the Authority as <br /> provided in this Agreement, the IHDA Act and the Rules. <br /> NOW,THEREFORE,the parties hereto agree as follows: <br /> 1. Incorporation. The foregoing recitals are made a part of this Agreement. <br /> 2. Act and Regulations. The Recipient agrees that at all times its acts regarding the <br /> Project shall comply with the applicable provisions of the IHDA Act and the Rules. <br /> 3. Definitions: <br /> "Abandoned Residential Property" shall have the meaning ascribed to it in the <br /> Program Manual. <br /> "Application"shall mean the application for the Funds completed by the Recipient. <br /> "Business Day" shall mean any day other than (i) a Saturday or Sunday, or (ii) a <br /> day on which the Authority is authorized or obligated by law to be closed. <br /> 1 <br />