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R2023-205 Resolution Authorizing Agreement with Community Investment Corporation of Decatur for Managing the Decatur Homebuyer Ecosystem, Counseling and Education Program
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R2023-205 Resolution Authorizing Agreement with Community Investment Corporation of Decatur for Managing the Decatur Homebuyer Ecosystem, Counseling and Education Program
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Last modified
10/10/2023 8:50:13 AM
Creation date
10/4/2023 2:22:17 PM
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Resolution/Ordinance
Res Ord Num
R2023-205
Res Ord Title
R2023-205 Resolution Authorizing Agreement with Community Investment Corporation of Decatur for Managing the Decatur Homebuyer Ecosystem, Counseling and Education Program
Department
Econ and Com Dev
Approved Date
10/2/2023
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Section 20. Either party may 'terminate this Agreement,in its entirety by providing <br /> written notice to the other party at least thirty (30) days in advance of the intended termination <br /> date. The termination notice shall be delivered to the other Party in accordance with the notice <br /> provisions specified in the Agreement. Upon the effective date of termination: <br /> a) All rights, obligations,and responsibilities of both Parties under the Agreement shall <br /> cease, except as otherwise expressly provided herein or as required by law, <br /> b) CICD shall within ten (10) days of terminatio:-i of this Agreement send a final invoice for <br /> those amounts expended, up to but not to exceed the agreed upon Two Hundred <br /> Thousand Dollars($200,000), for those arnounts expended or anticipated to be expended <br /> in dissolution of the Progain. <br /> c) Any outstanding payments, fees,or reimbursen-ients owed by one Party to the other Party <br /> under the Agreement shall be settled within thirty (30) days from the effective date of <br /> termination. <br /> This Agreement is made between the City and CfCD and entered into on the last date <br /> written below. In witness,the parties have executed this Agreement. <br /> CITY OF DECATUR, ILLINOIS COMMUNITY INVESTMENT CORPORATION <br /> OF DECATUR <br /> '11) <br /> By: By: <br /> Its: Its. t Fcl; IV <br /> DATE: DATE: <br /> Ex.A <br />
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