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RESOLUTION NO. R2002-42 <br /> RESOLUTION AMENDING RESOLUTION NO. R2002-03 <br /> -NEAR NORTH REDEVELOPMENT AREA- <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That Section 1 of Resolution No. R2002-03 be, and the same is hereby, <br /> amended so that said Section 1 provides as follows: <br /> That it is the intent of this Council to convey to East Lake Management & <br /> Development Corporation ("East Lake"), or an entity to be created by East <br /> Lake, that property described on Exhibit A hereto, for the purposes of <br /> developing affordable and market rate housing on said site, said conveyance to <br /> be conditioned on securing sufficient additional public and private funds and <br /> on the cooperation of East Lake with the City regarding low-mod benefit <br /> housing or other Department of Housing and Urban Development-City <br /> objectives, at the direction of the City. <br /> Section 2. That except as expressly amended hereby, Resolution No. R2002-03 shall <br /> remain in effect. <br /> PRESENTED and ADOPTED this 25th day of March, 2002. <br /> . EY, YOR <br /> ATTEST: <br /> ,� <br /> ��'��;���_� " <br /> �_- . �2z� <br /> CITY CLERK <br />