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Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 23-163    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 5/15/2023 Final action: 5/15/2023
Title: Resolutions Awarding Multi-Family Housing Incentives Grants and Authorizing the Execution of Marketing Services Agreements 1. MSA 2301-G with $8,047.33 grant 2. MSA 2302-G with $10,000 grant 3. MSA 2303-G with $10,000 grant 4. MSA 2304-G with $9,366.67 grant 5. MSA 2306-G with $2,240 grant 6. MSA 2308-G with $6,630.67 grant 7. MSA 2309-G with $3,392.24 grant 8. MSA 2310-G with $10,000 grant 9. MSA 2312-G with $10,000 grant 10. MSA 2313-G with $10,000 grant 11. MSA 2314-G with $10,000 grant 12. MSA 2315-G with $9,533.33 grant 13. MSA 2316-G with $10,000 grant 14. MSA 2317-G with $10,000 grant 15. MSA 2318-G with $10,000 grant 16. MSA 2319-G with $10,000 grant
Attachments: 1. MSA 2301-G Resolution, 2. MSA 2301-G Mortgage, 3. MSA 2301-G Note, 4. MSA 2301-G Agreement, 5. MSA 2302-G Resolution, 6. MSA 2302-G Mortgage, 7. MSA 2302-G Note, 8. MSA 2302-G Agreement, 9. MSA 2303-G Resolution, 10. MSA 2303-G Mortgage, 11. MSA 2303-G Note, 12. MSA 2303-G Agreement, 13. MSA 2304-G Resolution, 14. MSA 2304-G Mortgage, 15. MSA 2304-G Note, 16. MSA 2304-G Agreement, 17. MSA 2306-G Resolution, 18. MSA 2306-G Mortgage, 19. MSA 2306-G Note, 20. MSA 2306-G Agreement, 21. MSA 2308-G Resolution, 22. MSA 2308-G Mortgage, 23. MSA 2308-G Note, 24. MSA 2308-G Agreement, 25. MSA 2309-G Resolution, 26. MSA 2309-G Mortgage, 27. MSA 2309-G Note, 28. MSA 2309-G Agreement, 29. MSA 2310-G Resolution, 30. MSA 2310-G Mortgage, 31. MSA 2310-G Note, 32. MSA 2310-G Agreement, 33. MSA 2312-G Resolution, 34. MSA 2312-G Mortgage, 35. MSA 2312-G Note, 36. MSA 2312-G Agreement, 37. MSA 2313-G Resolution, 38. MSA 2313-G Mortgage, 39. MSA 2313-G Note, 40. MSA 2313-G Agreement, 41. MSA 2314-G Resolution, 42. MSA 2314-G Mortgage, 43. MSA 2314-G Note, 44. MSA 2314-G Agreement, 45. MSA 2315-G Resolution, 46. MSA 2315-G Mortgage, 47. MSA 2315-G Note, 48. MSA 2315-G Agreement, 49. MSA 2316-G Resolution, 50. MSA 2316-G Mortgage, 51. MSA 2316-G Note, 52. MSA 2316-G Agreement, 53. MSA 2317-G Resolution, 54. MSA 2317-G Mortgage, 55. MSA 2317-G Note, 56. MSA 2317-G Agreement, 57. MSA 2318-G Resolution, 58. MSA 2318-G Mortgage, 59. MSA 2318-G Note, 60. MSA 2318-G Agreement, 61. MSA 2319-G Resolution, 62. MSA 2319-G Mortgage, 63. MSA 2319-G Note, 64. MSA 2319-G Agreement
Submitted By
Tammie Grossman, Director of Development Customer Services

Reviewed By
A.M. Zayyad, Deputy Village Manager

Agenda Item Title
Title
Resolutions Awarding Multi-Family Housing Incentives Grants and Authorizing the Execution of Marketing Services Agreements

1. MSA 2301-G with $8,047.33 grant
2. MSA 2302-G with $10,000 grant
3. MSA 2303-G with $10,000 grant
4. MSA 2304-G with $9,366.67 grant
5. MSA 2306-G with $2,240 grant
6. MSA 2308-G with $6,630.67 grant
7. MSA 2309-G with $3,392.24 grant
8. MSA 2310-G with $10,000 grant
9. MSA 2312-G with $10,000 grant
10. MSA 2313-G with $10,000 grant
11. MSA 2314-G with $10,000 grant
12. MSA 2315-G with $9,533.33 grant
13. MSA 2316-G with $10,000 grant
14. MSA 2317-G with $10,000 grant
15. MSA 2318-G with $10,000 grant
16. MSA 2319-G with $10,000 grant

End
Overview
Overview
These resolutions would approve funding for sixteen (16) Multi-Family Incentives Grants and authorize the execution of 3-year marketing services agreements to support each one.

End
Recommendation
Recommendation
Adopt the Resolution.

Body
Staff Recommendation
Adopt the Resolution.

Fiscal Impact
These grants total $139,210.57, which will commit the majority of the FY2023 budget for this type of grant, which is $150,000. This program was budgeted under the General Fund, account no. 1001-46206-300-585612.

Background
The Development Customer Services Department administers the Multi-family Housing Incentives Program, which was established by Ordinance in 1984. The program is open to multi-family buildings with four or more units. The program has two major purposes: (1) to upgrade the physical conditions of multi-family buildings; (2) to expand the housing choices of renters to encourage diversity. The program has three different types of assistance: (1) Grants of up to $10,000 for building or unit improvements; (2) Rental Reimbursement payments for vac...

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