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R97-01 AUTHORIZING AGREEMENT
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R97-01 AUTHORIZING AGREEMENT
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Last modified
4/19/2016 4:29:47 PM
Creation date
4/19/2016 4:29:46 PM
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Resolution/Ordinance
Res Ord Num
R97-01
Res Ord Title
AUTHORIZING AGREEMENT COMMUNITY INVESTMENT CORPORATION OF DECATUR, INC. - PROFESSIONAL SERVICES
Approved Date
1/6/1997
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� � - k�T%, C�l <br /> ' � � CONTRACTUAL AGREEMENT FOR PROFESSIONAL SERVICES <br /> BETWEEN <br /> THE CITY OF DECATUR <br /> AND <br /> THE CO IlWESTMENT CORPORATION <br /> OF DECATUR,INC. <br /> THIS AGRE�MENT, entered this 7th day of January, 1997 by and between the City of Decatur, ' <br /> Illinois (herein called the "City")and Community Investment Corporation of Decatur, Inc. (herein <br /> called the "CICD"). <br /> V�REAS, the primary focus of the CICD is to retain and expand the economic and tax base of <br /> Dec�tur, so a� to provide increased employment opportunities, affordable housing opportunities <br /> and neighborhood improvements through the provision of financial, technical, advisory and other <br /> assistance to individuals and entities focusing on inner city redevelopment, and; <br /> WHEREAS, the City wishes to engage the CICD to assist the City in neighborhood and business <br /> development projects which will benefit Decatur; <br /> NOW, TI�REFORE, it is ageed between the parties hereto that; <br /> 1. SCOPE OF SERVICE <br /> A. A ivi <br /> The CICD will be responsible for administering current and future HOME funds for the <br /> purpose of sele,ction of the participating Community Housing Development Organization(CHDO) <br /> and for providing technical assistance to the CFIDO's. <br /> I. Actions by the CICD <br /> P.. Th�C:�n zti�.::�r.sur.,thr►t;.:1 ape:at::,r►s af ths �i�C3 Program are in such <br /> a manner as to be in compliance with all applicable federal, state and local <br /> laws and regulations. <br /> B. The CICD will assume all responsibilities for the selection of the CHDO <br /> and monitoring for compliance, program guidelines, and all other <br /> administrative activities related to the operations of a CHDO. <br /> C. The CICD Housing and Neighborhood Committee will provide appropriate <br /> community oversight related to operations, management, guidelines and <br /> financial aspects of the CHDO. <br /> 1 <br />
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