91-0327 Habitat for Humanity - 479 Fremont Street RESOLUTION
AUTHORIZING EXECUTION OF AN AGREEMENT WITH
HABITAT FOR HUMANITY OF NORTHERN FOX VALLEY
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN,
ILLINOIS, that George VanDeVoorde, Mayor, and Dolonna Mecum,
City Clerk, be and are hereby authorized and directed to
execute an agreement on behalf of the City of Elgin with
Habitat for Humanity of Northern Fox Valley for the purchase
of 479 Fremont Street for the construction of a house, a copy
of which is attached hereto and made a part hereof by
reference.
s/ George VanDeVoorde
George VanDeVoorde, Mayor
•
Presented: March 27, 1991
Adopted: March 27, 1991
Vote: Yeas 5 Nays 0
Recorded:
Attest: -
s/ Dolonna Mecum
Dolonna Mecum, City Clerk
AGREEMENT MADE THIS 27th DAY OF March , 1991 ,
BETWEEN THE CITY OF ELGIN AND HABITAT FOR HUMANITY
OF NORTHERN FOX VALLEY
This Agreement is made this 27th day of March , 1991 ,
between the City of Elgin , a municipal corporation of the State
of Illinois (hereinafter called "City" ) , and Habitat for Humanity
of Northern Fox Valley, an Illinois Not-For-Profit Corporation,
(hereinafter called "Habitat" ) :
WHEREAS, Habitat is a non-profit housing corporation which
endeavors to provide homes to low-income or near-poverty level
families; and,
WHEREAS, Habitat accomplishes these ends through
contributions of money , materials and labor; and ,
WHEREAS, Habitat has obtained an option to purchase the
vacant lot at 479 Fremont Street, Elgin, Illinois ( hereinafter
called "Property" ) at a cost of $6 , 000. 00 ; and ,
WHEREAS , the citizens, neighborhood and City will be
benefitted by the construction and sale to a taxpayer of a
single-family residence constructed on the Property ; and ,
WHEREAS, the City has sufficient funds to provide for its
responsibilities under this purchase of service agreement; and ,
WHEREAS, the City Council has approved by resolution the
execution of this agreement appropriating Nine Thousand Nine
Hundred Sixty-five Dollars ($9 , 965 . 00) to Habitat;
NOW, THEREFORE, in consideration of ten dollars ( $10. 00) ,
the mutual covenants contained herein and other good and valuable
consideration , the parties hereto agree as follows, that:
1 . The City will provide to Habitat the sum of Nine
Thousand Nine Hundred Sixty-five Dollars ( $9 , 965 . 00) to be used
exclusively to exercise the option to purchase the Property and
pay various municipal utility hook-up and tie-in fees; and,
2 . Habitat shall begin construction within six (6 ) months
and complete construction within twelve ( 12 ) months from the date
hereof , of a single family residence of between 900 and 1400
square feet, with basement, in compliance with all applicable
codes and regulations ; and,
3 . Habitat will sell such home on a no interest, no profit
loan basis to an individual or family, applying the selection
criteria and income formula attached hereto; and,
JUERGENSMEYER,STRAIN AND ASSOCIATES
ATTORNEYS AT LAW
707•A DAVIS ROAD(690 FRONTAGE ROAD)
ELGIN,ILLINOIS 60123-1346
TELEPHONE(70E)695.9800
4. Should Habitat fail to meet its obligations hereunder
within the specified time or any agreed extensions thereof ,
Habitat shall convey title to the property to the City .
IN WITNESS WHEREOF , the parties have, in duplicate original ,
hereto signed and sealed this Agreement by the respective parties
authorized to execute the same :
CITY OF ELGIN
By:
SEAL Mayor
Countersigned:
Attest: "•
City Clerk
HABITAT FOR HUMANITY
OF NORTHERN FOX VALLEY
By
Wa-A-4-4W%*
SEAL r sident
Attest: c% ZrL% •
Secretary
HR: hr 5\jh\elginhab. agr 3 . 8 . 91 D4
JUERGENSMEYER,STRAIN AND ASSOCIATES
ATTORNEYS AT LAW
707-A DAVIS ROAD(1-90 FRONTAGE ROAD)
ELGIN.ILLINOIS 60123-1346
TELEPHONE:(7061 695-9800