Title
Joint resolution approving a Memorandum of Understanding (MOU) between Lake County, IL and the Village of Lake Villa, a recommended sub-recipient of 2016 Community Development Block Grant (CDBG) funds which authorizes the sub-recipient to incur costs prior to the 2016 CDBG award to Lake County by U.S. Department of Housing & Urban Development (HUD).
Staff Summary
* A Community Development Block Grant (CDBG) funded project recommended in the 2016 Housing & Community Development Action Plan is the second phase of the Village of Lake Villa's CDBG-funded Cedar Avenue business district revitalization, so Lake Villa has requested permission to do these two projects simultaneously in the second quarter of 2016.
* Lake County expects to receive its annual CDBG entitlement grant agreement in June or July 2016.
* The U.S. Department of Housing & Urban Development (HUD) under 24 CFR 570.200(h) permits CDBG grantees such as Lake County to allow its CDBG sub-recipients to begin spending on CDBG projects prior to receipt by Lake County of its CDBG award.
* This MOU puts the Village of Lake Village on notice that it bears the risk of incurring pre-award costs and that such risks include REIMBURSEMENT OF THESE EXPENSES IS COMPLETELY DEPENDENT ON THE CDBG 2016 GRANT AWARD PROVIDED BY HUD and a potential outcome where no CDBG funds are awarded to it.
Body
RESOLUTION
WHEREAS, Lake County Community Development requests that Lake County enter a MOU with the Village of Lake Villa as a potential sub-recipient of 2016 Community Development Block Grant (CDBG) funds; and
WHEREAS, said understandings authorize this potential CDBG sub-recipient to incur project costs prior to receipt by Lake County of its 2016 CDBG award,
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that a MOU may be signed with the Village of Lake Villa authorizing it to incur CDBG project costs under the full understanding that all risks are borne by the Vi...
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