R2023-215 Resolution Authorizing Agreement between City of Decatur, IL and Central Illinois Land Bank Authority to Operate Strong Communities Program Round 2

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AGREEMENT BETWEEN CITY OF DECATUR,ILLINOIS AND CENTRAL ILLINOIS LAND BANK AUTHORITY REGARDING THE STRONG COMMUNITY PARTNERSHIP GRANT---ROUND 2 This Agreement("Agreement") is made and entered into between the City of Decatur, Illinois, an Illinois municipal corporation ("City") and the Central Illinois Land Bank Authority (CILBA), for and in consideration of the mutual covenants and promises and good and valuable consideration contained herein. WHEREAS,the City has received funds from the Illinois Housing Development Authority(IHDA) for the Strong Community Program (SCP)—Round 2 grant; and, WHEREAS the City has determined that housing assistance is needed to implement the Strong Communities Partnership for the Abandonment to Rehabilitation Program and demolitions; and, WHEREAS,the City has determined that CILBA has the capacity to administer and implement housing assistance programs. WHEREAS CILBA's mission is to assist member communities and forge partnerships with developers, end users and others that results in revitalized neighborhoods, increased property values, stabilized real estate markets and redevelopment of properties in Vermilion County, Champaign County, and Decatur; and, NOW, THEREFORE, in consideration of the mutual promises and covenants, it is agreed between the parties hereto the following: Section 1. The City agrees to provide funding from the Strong Communities Program— Round 2 (SCP)upon execution of this Agreement between the City and CILBA in the amount of $377,000. Section 2. The City will be responsible for determining any additional criteria and eligibility for housing assistance programs that may not be included in the IHDA funding agreement and notify CILBA in writing. Section 3. CILBA shall be responsible for the administration and implementation of all housing assistance programs, including the use of funds pursuant to the provisions of this Agreement between parties. Section 4. CILBA will be responsible for reviewing and determining all applicable federal, State, and local laws, statutes and other regulations relating to the use of IHDA's SCP funds provided under this Agreement. Section 5. The funds provided by the City shall only be used by CILBA for the purposes of and pursuant to and under the terms of this Agreement.