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R2023-212 Resolution Authorizing City Manager to Amend the Terms of Agreement for the American Rescue Plan Funds to Land of Lincoln Credit Union
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R2023-212 Resolution Authorizing City Manager to Amend the Terms of Agreement for the American Rescue Plan Funds to Land of Lincoln Credit Union
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Last modified
10/19/2023 11:56:13 AM
Creation date
10/4/2023 2:31:09 PM
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Resolution/Ordinance
Res Ord Num
R2023-212
Res Ord Title
R2023-212 Resolution Authorizing City Manager to Amend the Terms of Agreement for the American Rescue Plan Funds to Land of Lincoln Credit Union
Department
Econ and Com Dev
Approved Date
10/2/2023
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RESOLUTION NO. a - j ')— <br /> RESOLUTION AUTHORIZING AMENDMENT TO <br /> AMERICAN RESCUE PLAN FUNDS <br /> TO LAND OF LINCOLN CREDIT UNION <br /> NOW,THEREFORE,be it resolved by the City Council of the City of Decatur as follows: <br /> Section 1. That the City of Decatur agrees to provide an amount not to exceed Five Hundred <br /> Thousand Dollars ($500,000) from its portion of the American Rescue Plan Funds to the Land of <br /> Lincoln Credit Union for the contractor's loan fund upon execution of an Agreement between the City <br /> of Decatur and Land of Lincoln Credit Union. <br /> Section 2. That the City Manager is authorized to amend the terms of agreement with the Land <br /> of Lincoln Credit Union to include all city housing rehabilitation programs under the contractor's loan <br /> fund in accordance with the requirements of the American Rescue Plan. <br /> PRESENTED,PASSED,APPROVED and RECORDED this 2nd day of October 2023. <br /> a- du Min k)l),4 <br /> JOLIE MOOkt WO FE, R <br /> ATTEST: <br /> CITY CLERK <br />
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