89-0426 Low Income Housing Tax Credit CERTIFICATE OF THE
CITY CLERK OF THE CITY OF ELGIN
I, the undersigned, certify that I am the duly qualified and acting City Clerk
of the City of Elgin (the "City") and the keeper of its official records and files, and do
further certify as follows:
I. Attached to this certificate is a true and correct copy of a Resolution
Allocating Low Income Housing Tax Credit Authority for 1989 (the "Resolution") which
Resolution was adopted and approved by the City Council of the City at a regular
meeting held on April 26, 1989 in connection with the City's transfer (the "Transfer") to
the Illinois Housing Development Authority of all the City's portion of the 1989 State
Ceiling (as defined in the Resolution). The meeting at which the Resolution was adopted
was duly called by the Mayor and a quorum was present and acting throughout.
2. Minutes of that meeting, in which the Resolution is set forth, have been
duly entered into the minute book of the City; the Resolution has not been altered,
amended or repealed and is in full force and effect on the date hereof; and no other
resolution or ordinance relating to the Transfer has been adopted by the City.
3. The meeting of the City Council of the City at which the Resolution was
adopted was open to the public at all times and was held at a time and place convenient
to the public. Actual notice of such meeting was given to the public by posting a notice
thereof and a copy of the agenda for such a meeting in a prominent place at the principal
office fo the City of Elgin more than 24 hours prior to such meeting. Copies of such
notice and agenda were supplied at the time of posting to all local news media who have
submitted a request for them pursuant to law.
IN WITNESS WHEREOF, I have executed this certification the 27th day of
April, 1989.
Marie Yearman, ty Clerk
City of Elgin
RESOLUTION
ALLOCATING LOW INCOME HOUSING TAX CREDIT AUTHORITY FOR 1989
WHEREAS, pursuant to Section 42 of the Internal Revenue Code of 1936, as
amended (the "Code"), the City of Elgin, an Illinois home rule unit (the "City"), is
authorized to allocate low-income housing tax credits for the purpose of assisting in the
financing of housing for low-income persons and families; and
WHEREAS, pursuant to Section 7-24g of the Illinois Housing Development Act, III.
Rev. Stat., Ch. 67u2, Section 307.24g (1987) (the "Act") and the Code, the Illinois Housing
Development Authority (the "Authority") is authorized to act as the State Housing Credit
Agency for the purpose of allocating low-income housing tax credits for the State of
Illinois; and
WHEREAS, the Code limits the total amount of low-income housing tax credits
that may be allocated by all allocators in the State of Illinois for the calendar year 1989
to $14,435,000 (the "State Ceiling"); and
WHEREAS, pursuant to the Code, the City's portion of the 1989 State Ceiling is
currently an amount equal to $90,138; and
WHEREAS, the Authority has informed the City that it anticipates that the demand
for low-income housing tax credits will exceed the Authority's portion of the 1989 State
Ceiling; and
WHEREAS, the City has determined that it is in its best interests to participate in
the allocation of low-income housing tax credits for the purpose of assisting in the
financing of housing for low-income persons and families in the State of Illinois; and
WHEREAS, the City has not allocated any low-income housing tax credits for the
calendar year 1989; and
WHEREAS, the City has determined that it is in its best interests not to allocate
any low-income housing tax credits under the Code during the calendar year of 1989; and
WHEREAS, Section 7.24g(4) authorizes the Authority to accept and allocate low-
income housing tax credits that may be transferred from Illinois home rule jurisdictions.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
I. That the City irrevocably transfers to the Authority $90,138 of its portion of
the State Ceiling for the calendar year 1989.
2. The City shall not allocate low-income housing tax credits for the calendar
year of 1989.
3. George VanDeVoorde, the Mayor of the City, is authorized and directed to
transmit a letter to the Authority transferring low-income housing tax credits on behalf
of the City as authorized by this Resolution.
4. The City Clerk is directed to retain in the records of the City a copy of this
Resolution and the transmittal letter of the Mayor referred to above.
5. This Resolution supersedes all other Resolutions adopted by the City in
connection with the transfer of low-income housing tax credits and to the extent that
any previous Resolution is inconsistent with this Resolution, any such inconsistent
Resolution is repealed.
6. This Resolution is effective immediately upon its adoption.
s/ George VanDeVoorde
George VanDeVoorde, Mayor
Presented: April 26, 198°
Adopted: April 26 , 1989
Vote: Yeas 6 Nays 0
Recorded:
Attest:
s/ Marie Yearman
Marie Yearman, City Clerk
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• TELEPHONE 312/695-6500
El �n
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CITY OF ELGIN 150 DEXTER COURT ELGIN, ILLINOIS 60120-5555
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April 27, 1989
Illinois Housing Development Authority
401 N. Michigan Avenue
Suite 900
Chicago, IL 60611
Attention: John Day
Gentlemen:
I am the attorney for the City of Elgin, an Illinois home rule jurisdiction (the "City"). In
connection with the City's transfer (the "Transfer") to you of all of the City's portion of
the 1989 State Ceiling (as defined in the Resolution hereinafter referred to), I have
examined a certified copy of the Resolution adopted by the City Council of the City of
Elgin (the "Resolution"), together with such other public records, documents and proceed-
ings as I have deemed relevant and necessary to rendering this opinion.
Based on the foregoing, I am of the opinion that:
I. The City Council of the City of Elgin has the right and power to adopt the Resolu-
tion, and the Resolution has been duly adopted by the City Council of the City and is
in full force and effect in the form in which adopted as of the date thereof.
2. In adopting the Resolution, the City Council has complied with all procedural
requirements required by the laws of the State of Illinois and all requirements,
procedural or otherwise, of the City.
Very my ours,
`A
Erwin 0 . Jentsch
Corp• ation Coun•-
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150 DEXTER COURT
ELGIN, ILLINOIS 60120
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MAYOR April 27, 1989 3 t 2 — 695 6500
Illinois Housing Development Authority
401 N. Michigan Avenue
Suite 900
Chicago, IL 60611
Attention: John Day
Gentlemen:
I am George VanDeVoorde, Mayor of the City of Elgin (the "City"). In connection with
the City's transfer (the "Transfer") to you of all of the City's portion of the 1989 State
Ceiling (as defined in the Resolution hereinafter referred to), I enclose the following:
I. Certified Copy of Resolution Allocating Low Income Housing Tax Credit Authority
for 1989 adopted on April 26, 1989 with respect to the Transfer.
2. Certificate of Marie Yearman, City Clerk of the City, as to the Resolution, open
meetings and related matters.
3. An opinion of Erwin W. Jentsch, Corporation Counsel, counsel to the City, as to the
validity of proceedings authorizing the Resolution.
Pursuant to the direction given to me in the Resolution, on behalf of the City, I hereby
transmit to you this letter evidencing the Transfer.
Very truly yours,
4 I- C!
George anDeVoorde
Mayor
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TELEPHONE 312/695-6500
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1E(!:, ,„,),)un,._ ,.,,,\ CITY OF ELGIN150 DEXTER COURT ELGIN, ILLINOIS 60120-5555
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- July 28, 1989
Illinois Housing Development Authority
401 N. Michigan Avenue
Suite 900
Chicago, Illinois 60611
Attention: Julie Biel Claussen
Dear Ms. Claussen:
I am enclosing herewith a certified copy of Resolution allocating low income housing tax
credit authority for 1989, which was adopted by the Elgin City Council on April 26, 1989.
If I can be of further assistance, please let me know.
Very truly yours,
LAa...),-4...-k—,- eti-cl..-tur-A44-0,-.4A-_,
Marie Yearman
City Clerk
MY/db
' Illinois 401 N. Michigan Ave. Writer's Direct Dial Number
Housing Suite 900
Development Chicago, Illinois 60611
® Authority (312) 836-5200
July 24, 1989
Ms. Marie Yearman
City Clerk
City of Elgin
150 Dexter Court
Elgin, IL 60120-5555
Re: Ceding Documents
Low Income Housing Tax Credits
Dear Ms. Yearman:
In a recent review of our ceding documents, it was noticed that we did not
receive a signed copy of the city ordinance in connection with the transfer of
the City' s portion of the 1989 tax credits to Illinois Housing Development
Authority.
I have enclosed a copy of the ordinance for signature. If you should have
any questions, please feel free to call me at (312)836-5338. Once again, I
would like to express the Authority's gratitude for your cooperation.
Sincerely,
14'—119''-'---
lie Biel Claussen
un
Housing Development Officer
JBC/kc
Enclosure
•Investing in Development for Better Housing•Investing in Development for Better Housing•Investing in Development for Better Housing•Investing in Development for Better Housing•
. 6-1-89
6-5-89
38-R-89
A RESOLUTION
f Allocating 1989 Low Income Housing Tax Credit
to the Illinois Housing Development Authority
Y
`.: WHEREAS, pursuant to Section 42 of the Internal Revenue
Code of 1986, as amended (the "Code" ) , the City of Evanston, an
t;, Illinois home rule jurisdiction (the "City") , is authorized to
allocate low-income housing tax credits for the purpose of
,
assisting in the financing of housing for low-income persons and
families; and
t': ' ,
WHEREAS, pursuant to Section 7 . 24g of the Illinois
Housing Development Act, Ill . Rev. Stat. , Ch. 67-1/2 , Section
Y
f .
307.24g (1987) (the "Act") and the Code, the Illinois Housing
Development Authority (the "Authority" ) is authorized to act as
, the State Housing Credit Agency for the purpose of allocating
low-income housing tax credits for the State of Illinois ; and
v
P,! . -
_ WHEREAS, the Code limits the total amount of low-income
• housing tax credits that may be allocated by all allocators in
_ the State of Illinois for the calendar year of 1989 to
$14 , 435, 000 (the "State Ceiling" ) ; and
WHEREAS, pursuant to the Code, the City' s portion of
the 1989 State Ceiling is currently an amount equal to $89, 463 ;
Fr
IL '.: and
WHEREAS, the Authority has informed the City that it
anticipates that the demand for low-income housing tax credits
will exceed the Authority' s portion of the 1989 State Ceiling;
and
WHEREAS, the City has determined that it is in its best
interests to participate in the allocation of low-income housing
tax credits for the purpose of assisting in the financing of
housing for low-income
persons and families in the City of
• Evanston.
.h.
WHEREAS, the City has not allocated any low-income
_ housing tax credits for the calendar year 1989 ; and
.F.4; WHEREAS , the City has determined that it is in its best
-.- interests not to allocate any low-income housing tax credits
38-R- 89
under the Code during the calendar year of 1989 ; and 38-R 89
WHEREAS, Section 7 . 24g (4) authorizes the Authority to
accept and allocate low-income housing tax credits that may be
transferred from Illinois home rule jurisdictions ;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF EVANSTON THAT:
1 . The City irrevocably transfers to the Authority $89, 463
of its portion of the State Ceiling for the calendar year 1989 .
2. The City shall not allocate low-income housing tax credits
for the calendar year of 1989 .
3 . Joan Barr, the Mayor the City, is authorized and directed
to transmit a letter to the Authority transferring low-income
. housing tax credits on behalf of the City as authorized by this
' Resolution.
4 . The City Clerk is directed to retain in the records of the
�' City a copy of this Resolution and the transmittal letter of the
Mayor referred to above.
5 . This Resolution supersedes all other Resolutions adopted
by the City in connection with the transfer of low-income
• housing tax credits and to the extent that any previous
Resolution is inconsistent with this Resolution, any such
inconsistent Resolution is repealed.
I
1:.
6 . This Resolution is effective immediately upon its
• adoption.
Ft.
Mayor
•
• ATTEST:
City Clerk
Adopted: , 1989
ate:
'3..t;,,
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-2-
Illinois 401 N. Michigan Ave. Writer's Direct Dial Number
Housing Suite 900
Development Chicago, Illinois 60611
Authority (312) 836-5200
24 March 1989
Mr. James Cook
City Manager
City of Elgin
150 Dexter Court
Elgin, Illinois 60120
Dear Mr. Cook:
As discussed with you today, here is another set of sample documents
that will allow the city to cede their low income housing tax credit
authority to us for 1989. The City's authority is $90,138. As you know,
if it is not used, it is lost. If there is a project that might be
developed in Elgin simply send that person to us. We have the staff and
program set-up and, if funds are available, we will do everything we can to
accomodate them.
I 'd like to add that the Authority has closed loans for 176 Elgin
families in our single family housing program totaling over $14,500,000.
We've also committed $250,000 to the Elgin NHS home rehabilitation program.
Our experience with Elgin has been a good one and I hope the Council will
consider our request. If there are any questions please call me anytime at
836-5324.
Sincerely,
Peter Lennon
Assistant Director
PL:cs
•Investing in Development fa Better Housing•Investing in Development for Better Housing•Investing in Development for Better Housing•Investing in Development to Better Housing•
5MehE/ C/rei Sri 7-/im of
CITY OF fm/
ORDINANCE NO.
WHEREAS, pursuant to Section 42 of the Internal Revenue Code of 1986, as
amended (the "Code") , the City of , an Illinois home rule
jurisdiction (the "City") , is authorized to allocate low-income housing tax
credits for the purpose of assisting in the financing of housing for
low-income persons and families; and
WHEREAS, pursuant to Section 7.24g of the Illinois Housing Development Act,
Ill . Rev. Stat. , Ch. 67-1/2, Section 307.24g (1987) (the "Act") and the Code,
the Illinois Housing Development Authority (the "Authority") is authorized to
act as the State Housing Credit Agency for the purpose of allocating low-
income housing tax credits for the State of Illinois; and
WHEREAS, the Code limits the total amount of low-income housing tax credits
that may be allocated by all allocators in the State of Illinois for the
calendar year of 1989 to $/' 5, ( (the "State Ceiling"); and
WHEREAS, pursuant to the Code, the City's portion of the 1989 State Ceiling is
currently an amount equal to $ 90/ 436 ; and
WHEREAS, the Authority has informed the City that it anticipates that the
demand for low-income housing tax credits will exceed the Authority's portion
of the 1989 State Ceiling; and
WHEREAS, the City has determined that it is in its best interests to
participate in the allocation of low-income housing tax credits for the
purpose of assisting in the financing of housing for low-income persons and
families in the State of Illinois; and
WHEREAS, the City has not allocated any low-income housing tax credits for the
calendar year 1989; and
WHEREAS, the City has determined that it is in its best interests not to
allocate any low-income housing tax credits under the Code during the calendar
year of 1989; and
WHEREAS, Section 7.24g(4) authorizes the Authority to accept and allocate
low-income housing tax credits that may be transferred from Illinois home rule
jurisdictions;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY AS FOLLOWS:
1 . The City irrevocably transfers to the Authority
$ of its portion of the State Ceiling for the calendar
year 1989.
CERTIFICATE OF THE
CITY CLERK OF THE CITY OF -
I, the undersigned, certify that I am the duly qualified and acting
City Clerk of the City of (the "City") and the keeper of its
official records and files, and do further certify as follows:
1. Attached to this certificate is a true and correct copy of
Ordinance No. (the "Ordinance") which Ordinance was
adopted and approved by the City Council of the City at a regular meeting held
on- in connection with the City's transfer (the
"Transfer") to the Illinois Housing Development Authority of all the City's
portion of the 1989 State Ceiling (as defined in the Ordinance) . The meeting
at which the Ordinance was adopted was duly called by the Mayor and a quorum
was present and acting throughout.
2. Minutes of that meeting, in which the Ordinance is set forth,
have been duly entered into the minute book of the City; the Ordinance has
not been altered, amended or repealed and is in full force and effect on the
date hereof; and no other resolution or ordinance relating to the Transfer has
been adopted by the City.
3. The meeting of the City Council of the City at which the
Ordinance was adopted was open to the public at all times and was held at a
time and place convenient to the public. Actual notice of such meeting was
given to the public by posting a notice thereof and a copy of the agenda for
such a meeting in a prominent place at the principal office of the City of
more than 24 hours prior to such meeting. Copies of such
notice and agenda were supplied at the time of posting to all local news media
who have submitted a request for them pursuant to law.
IN WITNESS WHEREOF, I have executed this certification the day
of , 198 .
, City Clerk
City of
(Attorney's Letterhead)
(Please Follow This Format Precisely)
Date
Illinois Housing Development Authority
401 N. Michigan Avenue
Suite 900
Chicago, IL 60611
Attention: John Day
Gentlemen:
I am the attorney for the City of , an Illinois home
rule jurisdiction (the "City"). In connection with the City' s transfer (the
"Transfer") to you of all of the City's portion of the 1989 State Ceiling (as
defined in the Ordinance hereinafter referred to) , I have examined a certified
copy of the Ordinance No. adopted by the City Council of
the City on (the "Ordinance") , together with such
other public records, documents and proceedings as I have deemed relevant and
necessary to rendering this opinion.
Based on the foregoing, I am of the opinion that:
1. The City Council of the City has the right and power to adopt the
Ordinance, and the Ordinance has been duly adopted by the City Council of the
City and is in full force and effect in the form in which adopted as of the
date thereof.
2. In adopting the Ordinance, the City Council has complied with all
procedural requirements required by the laws of the State of Illinois and all
requirements, procedural or otherwise, of the City.
Very truly yours,
2. The City shall not allocate low-income housing tax credits for
the calendar year of 1989.
3. , the Mayor of the City, is authorized and
directed to transmit a letter to the Authority transferring low-income housing
tax credits on behalf of the City as authorized by this Ordinance.
4. The City Clerk is directed to retain in the records of the City a
copy of this Ordinance and the transmittal letter of the Mayor referred to
above.
5. This Ordinance supersedes all other Ordinances adopted by the
City in connection with the transfer of low-income housing tax credits and to
the extent that any previous Ordinance is inconsistent with this Ordinance,
any such inconsistent Ordinance is repealed.
6. This Ordinance is effective immediately upon its adoption.
Accepted and approved on , 19_
, Mayor
ATTEST:
, City Clerk
-2-
TRANSMITTAL LETTER
(CITY LETTERHEAD)
(PLEASE FOLLOW THIS FORMAT PRECISELY)
Date
Illinois Housing Development Authority
401 N. Michigan Avenue
Suite 900
Chicago, IL 60611
Attention: John Day
Gentlemen:
I am , Mayor of the City of
(the "City") . In connection with the City's transfer (the "Transfer") to you
of all of the City's portion of the 1989 State Ceiling (as defined in the
Ordinance hereinafter referred to) , I enclose the following:
1. Certified Copy of Ordinance No. of the City (the
"Ordinance") adopted on with respect to the
Transfer.
2. Certificate of , City Clerk of the City, as
to the Ordinance, open meetings and related matters.
3. An opinion of , Corporation Counsel ,
counsel to the City, as to the validity of proceedings authorizing
the Ordinance.
Pursuant to the direction given to me in the Ordinance, on behalf of the
City, I hereby transmit to you this letter evidencing the Transfer.
Very truly yours,