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GEORGE W. DUNNE, PRESIDENT N° THOMAS P. BECK
BOARD OF COUNTY COMMISSIONERS COUNTY COMPTROLLER
COUNTY OF COOK
OFFICE OF THE COMPTROLLER
500 COURT HOUSE
CHICAGO. ILLINOIS 60602
August 5, 1985
Dear Suburban Official:
Enclosed for your records is the executed copy
of the agreement between your community and the County
of Cook pertaining to the 1985 Single Family Mortgage Program.
You will be receiving additional information from
President George W. Dunne in the very near future.
Very truly yours,
a.:-. ..040,/ggif-e-A
Thomas P. Beck
County Comptroller
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AGREEMENT
This is an Agreement dated as of February 1, 1985
between the City/VK of Elgin , Cook County, Illinois
(the "Municipality" ) , and The County of Cook, Illinois (the
"County" ) . The Municipality and the County agree as follows :
Section 1. That the Municipality has the legal authority
to issue "qualified mortgage bonds" as defined in Section 103A of
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the Internal Revenue Code of 1954, as amended (the "Act" ) .
Section 2. The Municipality hereby allocates to the
County all of the area located within its jurisdiction and cedes
to the County its entire amount of authority to issue qualified
mortgage bonds in 1985, all for the purpose of enabling the
County to issue its bonds in accord with the Act and the regulations
promulgated thereunder. This Agreement shall constitute a written
consent ceding all of the State ceiling amount applicable to the
Municipality to the County within the meaning of Section 14 .1 of
the Illinois Housing Development Act, as amended.
Section 3. This Agreement is subject to cancellation
by either party hereto, such cancellation becoming effective not
earlier than 30 days following the delivery of written notice of
such cancellation to the other party at the following address :
If to the County - County Comptroller
Room 500
118 N. Clark Street
Chicago, Illinois 60602
If to the Municipality -
Section 4. This Agreement shall be in full force and
effect immediately upon its execution by the parties hereto .
WITNESS the official signatures of the Mayor/'
F and Clerk of the Municipality an
d the seal of the Municipality
and the official signature of the Comptroller of the County
all as of the date hereinabove written.
ETGIN
CITY NI9nWXOF ,
COOK COUNTY, ILLINOIS
B
Y
Mayor/President
BY IC,Clatt �aLl,1U ,
Clerk
THE COUNTY OF COOK, ILLINOIS
By ,� 0,44 ��GCCl
mptrol er, County of
Cook, Illinois
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