title
MODIFICATION TO LOAN AGREEMENTS BETWEEN THE
COUNTY OF DUPAGE AND ADVANCE RESOURCE RECOVERY CORPORATION, FKA SERENITY HOUSE FOUNDATION INC.
CD19-07 & CD22-07
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”, and other subsequent housing acts, and may disburse those funds and other county funds for community development and other housing program activities (Illinois Compiled Statutes, Chapter 55, paragraph 5/5-1093); and
WHEREAS, COUNTY has been a participating jurisdiction in the United States Department of Housing and Urban Development’s (“HUD’s”) Housing and Community Development Program since 1975, and has applied for Community Development Block Grant Funds (“CDBG”) from HUD as provided by the Housing and Community Development Act of 1974, as amended (P.L. 93-383)(“ACT”); and
WHEREAS, SERENITY HOUSE COUNSELING SERVICES, INC. (SUBGRANTEE) had made application to COUNTY through its Community Development Commission ("CDC") for a portion of COUNTY’s CDBG funds; and
WHEREAS, ADVACNE RESOURCE RECOVERY CORPORATION (AARC), Formerly Known As (FKA) SERENITY HOUSE FOUNDATION, INC., owns and operates the property identified within the application proposed for improvements, located at 891 S. Rohlwing Road, Addison, IL 60101; and
WHEREAS, SUBGRANTEE has a current lease agreement with AARC, and is currently the Lessee of the property proposed for improvements, which is used for substance abuse treatment programming, specifically, extended residential care treatment program assisting individuals recovering from substance abuse; and
WHEREAS, the COUNTY approved funding up to FIFTY-TWO THOUSAND AND 00/11 DOLLARS ($52,000.00) in CDBG funding for rehabilitation of the Women’s Extended Residential Care (WERC) kitchen facility, located at 891 S. Rohlwing Road, Addison, IL 60101, adopted under Resolution HHS-R-0116-19 on 03/12/2019; and
WHEREAS, the COUNTY approved funding up to FOUR HUNDRED THOUSAND AND 00/11 DOLLARS ($400,000.00) in CDBG funding for expansion of the WERC facility, located at 891 S. Rohlwing Road, Addison, IL 60101, adopted under Resolution HHS-R-0052-22 on 02/08/2022; and
WHEREAS, the SUBGRANTEE seeks to refinance an existing mortgage, pursuant to the terms of the DuPage County Community Development Commission Policies, and has requested a subordination of the DuPage County Mortgage recorded as document number R2020-137624, along with a waiver of the “Subordination Policy - Rental Properties and Public Facilities” specifically pertaining to a fixed-rate mortgage for CDBG project CD19-07; and
WHEREAS, the SUBGRANTEE seeks to refinance an existing mortgage, pursuant to the terms of the DuPage County Community Development Commission Policies, and has requested a subordination of the DuPage County Mortgage recorded as document number R2023-017313, along with a waiver of the “Subordination Policy - Rental Properties and Public Facilities” specifically pertaining to a fixed-rate mortgage for CDBG project CD22-07; and
WHEREAS, the Community Development Executive Committee of the DuPage County Community Development Commission approved the subordination of the DuPage County Mortgages R2020-137624 and R2023-017313 along with a waiver to the “Subordination Policy - Rental Properties and Public Facilities” specifically pertaining to a fixed-rate mortgage for CDBG project numbers CD19-07 and CD22-07 on January 2, 2024; and
WHEREAS, the DuPage County Human Services Committee approved the subordination of the DuPage County Mortgages R2020-137624 and R2023-017313 on January 16, 2024; and
NOW THEREFORE BE IT RESOLVED by the County Board that said Subordination Agreement between DuPage County by and through its Community Development Commission for the benefit of Advance Resource Recovery Corporation, FKA Serenity House Foundation, Inc., and St. Charles Bank & Trust Company, herein incorporated by reference, is hereby approved; and
BE IT FURTHER RESOLVED, that the Director of Community Services is authorized and directed to execute the Subordination Agreement, and any documents necessary 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 PROJECTS CD19-07 and CD22-07 so long as such amendments further the completion of the project and are in accordance with regulations applicable to the Community Development Block Grant Program and the policies of DuPage County; and
BE IT FURTHER RESOLVED that the County Clerk be directed to send copies of this Resolution to ADVANCE RESOURCE RECOVERY CORPORATION (AARC), Formerly Known As (FKA) SERENITY HOUSE FOUNDATION, INC., 891 S. Rohlwing Road, Addison, IL 60101; and the Community Development Commission.
end
Enacted and approved this 23rd of January, 2024 at Wheaton, Illinois.
________________________________
DEBORAH A. CONROY, CHAIR
DU PAGE COUNTY BOARD
Attest: ___________________________________
JEAN KACZMAREK, COUNTY CLERK