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L � � <br /> � <br /> RESOLUTION NO. R2003-116 <br /> RESOLUTION AUTHORIZING FUNDING AGREEMENT <br /> SECTION 108 PROGRAM FUNDS <br /> -NEAR NORTH REDEVELOPMENT PROJECT AREA- <br /> WHEREAS, the City of Decatur is eligible to receive Community Development Block <br /> Grant funds as an entitlement city under the Department of Housing and Urban Development <br /> regulations, and therefore eligible for funding under the Section 108 Loan Guarantee Program; <br /> and <br /> WHEREAS, under the Section 108 Program the funds must be used for eligible activities <br /> which either principally benefit low and moderate income people, or which prevent or eliminate <br /> slum and blighting conditions, and <br /> WHEREAS, the City Council has previously expressed its intent to assist the Near North <br /> Redevelopment Project Area, and <br /> WHEREAS, development of this project will eliminate blighting influences, provide <br /> housing and employment opportunities and needed services through new facilities for low and <br /> moderate income persons. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That the City Manager and City Clerk be, and they are hereby, authorized and <br /> directed to sign, seal, and attest said Agreement on behalf of the City. <br /> PRESENTED AND ADOPTED this 4th da of August, 2003. <br /> �.t����2Z�� <br /> PAUL OSBORNE, MAYOR <br /> ATTEST• � <br /> .��,�(� _ -����_'�� <br /> CITY CLERK <br />