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� � _ <br /> � � � <br /> RESOLUTION NO. R2005-112 <br /> RESOLUTION AUTHORIZING <br /> PARTICIPATION IN THE <br /> ILLINOIS HOUSING DEVELOPMENT AUTHORITY <br /> -AMERCAN DREAM DOWNPAYMENT INITIATIVE (ADDn- <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY <br /> OF DECATUR, ILLINOIS; <br /> Section 1. That the request presented to the Council herewith to participate in a program <br /> to provide downpayment and closing cost assistance to qualified first-time homebuyers with the <br /> Illinois Development Housing Authority be, and the same is hereby approved. <br /> Section 2. That the Mayor and City Clerk be, and they are hereby, authorized and <br /> directed to execute any documents necessary on behalf of the City, and the Mayor is hereby <br /> further authorized to cause that which may appear to be appropriate to cause said program to be <br /> fulfilled on behalf of the City;provided that, the cost shall not exceed $137,340.00, which shall be <br /> paid from the ADDI funds over a two year period from October 15, 2005 through October 15, <br /> 2007. <br /> PRESENTED AND ADOPTED this 29th day of August, 2005. <br /> Q'�-�' �i�2��1� <br /> PAUL OSBORNE, MAYOR <br /> ATTEST: <br /> � <br /> �����-�- � L ��'�� <br /> CITY CLERK <br />