title
HOME INVESTMENT PARTNERSHIPS AGREEMENT BETWEEN THE COUNTY OF DUPAGE AND ADDISON HORIZON LIMITED PARTNERSHIP, AN ILLINOIS LIMITED PARTNERSHIP
HM22-01/HM23-01
resolution
WHEREAS, the Illinois General Assembly has granted COUNTY authority to make all contracts and do all other acts in relation to the property and concerns of the county necessary to the exercise of its corporate powers (Illinois Compiled Statutes, Chapter 55, paragraphs 5/5-1005), and to enter into agreements for the purposes of receiving funds from the United States government under the “Housing and Community Development Act of 1974”, the National Affordable Housing Act of 1990, and the Housing and Community Development Act of 1992, and COUNTY may disburse those funds and other county funds for community development and other housing program activities (Illinois Complied Statutes, Chapter 55, paragraph 5/5-1093); and
WHEREAS, the COUNTY has applied for HOME Investment Partnerships Act (“HOME”) funds from the United States Department of Housing and Urban Development (“HUD”) as provided by the Cranston-Gonzalez National Affordable Housing Act, as amended (Title II, Pub. L. 101-625) (“ACT”) and continues to be a participating jurisdiction in the HOME program; and
WHEREAS, by Application for HOME Rental Production Funding originally submitted on July 16, 2021, ADDISON HORIZON LIMITED PARTNERSHIP, AN ILLINOIS LIMITED PARTNERSHIP (herein after called “DEVELOPER”), having a principal place of business at 4200 W. Peterson Avenue, Chicago, Illinois 60646, has submitted underwriting documentation and made application to the COUNTY for a loan of a portion of the COUNTY’s HOME Funds to be used for eligible costs associated with the new construction of sixty-two (62) units of affordable rental housing for senior citizens located in Addison, Illinois, to be known as ADDISON HORIZON SENIOR LIVING COMMUNITY, and known as HOME project HM22-01/HM22-03; and
WHEREAS, the final said Application for HOME Rental Production funding, dated April 17, 2024 and executed April 18, 2024, is hereby incorporated into the HOME Investment Partnerships Agreement between the COUNTY and DEVELOPER; and
WHEREAS, the DuPage HOME Advisory Group and the County Human Services Committee have recommended funding up to Five Million Two Hundred Fifty Thousand and 00/100 dollars ($5,250,000.00), for eligible costs associated with the construction of affordable housing for senior citizens at 500 N. Denise Court, Addison, IL 60101; and
WHEREAS, an Agreement has been prepared requiring compliance with HOME requirements, and said Agreement has been approved by ADDISON HORIZON LIMITED PARTNERSHIP, AN ILLINOIS LIMITED PARTNERSHIP; and
NOW THEREFORE BE IT RESOLVED by the County Board that said Agreement between the COUNTY OF DUPAGE and ADDISON HORIZON LIMITED PARTNERSHIP, AN ILLINOIS LIMITED PARTNERSHIP, attached hereto, is hereby approved; and
BE IT FURTHER RESOLVED, that the Chair of the DuPage County Board is authorized and directed to execute said Agreement on behalf of DuPage County and the Clerk is hereby authorized and directed to attest to such execution and affix the official seal thereto; and
BE IT FURTHER RESOLVED, that the Chair of the DuPage County Board, or their designee, is authorized and directed to execute additional documents that may be required to complete the transaction on behalf of DuPage County and the Clerk is hereby authorized and directed to attest to such execution and affix the official seal thereto; and
BE IT FURTHER RESOLVED, that the Director of Community Services, is authorized and directed to execute additional documents that may be required to effectuate the transaction on behalf of DuPage County; and
BE IT FURTHER RESOLVED, that the Community Development Administrator, is authorized and directed to execute additional documents that may be required to effectuate the transaction on behalf of DuPage County; and
BE IT FURTHER RESOLVED, that the Chair of the DuPage County Board is hereby authorized to approve amendments to PROJECT HM22-01/HM23-01 so long as such amendments further the completion of the project and are in accordance with regulations applicable to the HOME Investment Partnerships Act and the policies of DuPage County; and
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Enacted and approved this 11th day of June, 2024 at Wheaton, Illinois.
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DEBORAH A. CONROY, CHAIR
DU PAGE COUNTY BOARD
Attest: ___________________________________
JEAN KACZMAREK, COUNTY CLERK