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AUTHORIZING AMENDMENT TO INTERGOVERNMENTAL AGREEMENT WITH THE CITY OF ST. CHARLES FOR ACTIONS RELATED TO MANAGEMENT OF THE ST. CHARLES HOUSING TRUST FUND
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WHEREAS, the City of St. Charles (City) has established a Housing Trust Fund for the purpose of providing and preserving affordable housing within its jurisdiction for the benefit of current and future residents; and
WHEREAS, the County, through its Office of Community Reinvestment, has developed and implemented various housing and community development initiatives supported by annual allocations of federal funding from the U.S. Department of Housing and Urban Development, and the City has actively and consistently participated in said initiatives since their inception; and
WHEREAS, the Office of Community Reinvestment has the qualifications and experience necessary to administer housing activities supported by the City's Housing Trust Fund, and will do so in a manner that increases the positive impact of both the City's and County's housing initiatives; and
WHEREAS, the City has determined it is in its best interest to obtain program management services from the Office of Community Reinvestment for programming under its Housing Trust Fund; and
NOW, THEREFORE, BE IT RESOLVED that the Kane County Board Chairman and/or the Director of the Office of Community Reinvestment are authorized to sign amendment number one to the previously executed intergovernmental agreement, certifications, reports and other documents necessary to provide program management and housing services to the City of St. Charles.
BE IT FURTHER RESOLVED that the County's budget for Fiscal Year 2025 is amended as follows:
Line Item: 406.690.000.33897, 406.690.728.55000
Line Item Description: St. Charles Housing Trust Fund, Miscellaneous Contractual
Was Personnel/Item/Service approved in original budget or a subsequent budget revision? No
Are funds currently...
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