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R89-59 AUTHORIZING SUBGRANTEE AGREEMENTS
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R89-59 AUTHORIZING SUBGRANTEE AGREEMENTS
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Last modified
8/9/2016 3:50:30 PM
Creation date
8/9/2016 3:50:24 PM
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Resolution/Ordinance
Res Ord Num
R89-59
Res Ord Title
AUTHORIZING SUBGRANTEE AGREEMENTS FISCAL YEAR 1989-90 COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM
Approved Date
5/1/1989
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-1X- <br /> X�. REVERS"ION �F A55ET5 <br /> Tl�e ayreement sliall spe�ify thai upon iLs exUiration the <br /> 511�I:EC1p1CIlt shall transter to Llie rec:i�ient c7IlI7 �UF�G <br /> fwids oi7 hanci at the time o£ CX�1.2 a�1021 dnc3 any acc:ounts <br /> receivable attri�utable to L�le use ot CDBG fuiids . It <br /> s�ldll. d150 lI1C;Zll[3.� UIOV1810215 C�eSlyI1CC� Ld eI1SUIC tI1dL dI1V <br /> real prapertv uncier tlie su�reci�iei7t ' S c�ntr�l tiiat wa5 <br /> ac:c�uirec3 ar improved in whole or in par'L with �DBG FundS <br /> in excess �t $25 , OGG i5 either: <br /> ( i) Useci t� me�t Otle of the I1dt1dl1c11 abj ectives in 5 <br /> �70 . 208 until five vear5 after exx�irati�n �£ tlYe <br /> e�tJlZ�llle2lt, �r fc�r 5uch langer periaii of Llille as <br /> detelllliiled t� �e appropriaze bv Llle recipieiit; �r <br /> { iii Dispased ot in d llldririel that re5ult5 in Lhe <br /> 2 ei:lpleIlL ' S i�e121cJ Z�1111i7Ut 5ed 111 t�ie dll1011ilt Ot tlle <br /> �u]'L'�i1t td1L 111dZ1{�'C Vdllle Ot Llle piOpeL'tV ie85 ailV <br /> portion af L�1� value dttrii�utdi�ie Lo eX�erid1.LUL'�S of <br /> non-c_:UBG funds for a�qui5ition �f, �r 1ll1piUVcllieilL <br /> to, Lhe propertv. f Reililbui'sement i5 ilOL recruired <br /> dit�r tiZe � period of time specitied in pardgra�lY <br /> (b} t8 } ( ij of this 5ectionl . <br /> IN WITNESS WHEREt7F, The t�i'Lv o£ Decatur; Iilinoi5 and ti7e �ui�- <br /> c�Zd2ltCe, have e21t�t�C1 into this Ayreelnent as of the date first <br /> dbove writtel7. <br /> SUBGRANTEE C:ITY i�F 'A LIR, ILLIIvUIS <br /> � li <br /> �:hi�f � fticial dyor - Uary h. Ai� ersan I <br /> DEPT. O i:C�MMUNITY DEVELOPMENT I <br /> � <br /> Name �ci � tic ���\�`c.�.� I <br /> I31Zec. Oi - DaV1C1 A. Cidt)t <br /> ATTEST: <br /> � <br /> � LV i_'' C�1C - c'iiVt'li5 E . Sdtic_iS <br />
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