R2015-51 AUTHORIZING CITY TREASURER TO RELEASE - PAYMENT

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RESOLUTION NO. R2015-51 RESOLUTION AUTHORIZING CITY TREASURER TO RELEASE ANNUAL PROFESSIONAL SERVICE CONTRACT PAYMENT TO THE COMMUNITY INVESTMENT CORPORATION OF DECATUR BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, ILLINOIS: Section 1. With Council Resolution R1997-01, presented to and adopted by the City of Decatur City Council on January 6, 1997, the City of Decatur entered into a professional service relationship with the Community Investment Corporation of Decatur, Inc., for the purpose to retain and expand the economic tax base of Decatur, so as to provide increased employment opportunities, affordable housing opportunities and neighborhood improvements through the provision of financial, technical, advisory, and other assistance to individuals and entities focusing on inner city redevelopment. Section 2. That the City Treasurer is hereby, authorized and directed to release the annual contract payment for the fiscal year 2015 in the amount of $70,000 payable to the Community Investment Corporation of Decatur, Inc. _ r PRESENTED and ADOPTED this 6h day of April, 201%5. ^ M 11 L T. M LkY, AYO ATTEST: F 4. CITY CLERR