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� <br /> � . <br /> RESOLUTION NO. R2002-03 <br /> RESOLUTION AUTHORIZING CONVEYANCE OF REAL PROPERTY <br /> -NEAR NORTH REDEVELOPMENT AREA- <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That it is the intent of this Council to convey to East Lake Management & <br /> Development Corp. ("East Lake"), or an entity to be created by East Lake, that property <br /> described on Exhibit A hereto, for the purpose of developing afFordable and market rate housing <br /> on said site through the use of low income housing tax credits obtained through the Illinois <br /> Housing Development Authority, said conveyance to be expressly conditioned on the issuance of <br /> said tax credits and on the cooperation of East Lake with the City regarding low-mod benefit <br /> housing or other Department of Housing and Urban Development-City objectives, at the <br /> direction of the City. <br /> Section 2. That the City Manager be, and he is hereby, authorized to execute such <br />� agreements, deeds or other documents as are necessary to effect the intent hereof, on such terms <br /> and conditions as said officer finds necessary and sufficient. <br /> PRESENTED AND ADOPTED this 22nd day of January, 2002. <br /> RRY M OWLEY <br />' AYOR <br /> ATTEST: <br />� � <br /> ��� �� � ����� <br /> - ��� -- , . - � <br /> CITY CLERK <br />� <br />