Communication from the City Manager and Assistant City Manager with a Request for the Following: A. APPROVE an INTERGOVERNMENTAL AGREEMENT (IGA) with TOWN OF NORMAL, Illinois, to Participate in a Mortgage Credit Certificate Program; and B. ADOPT an ORDINANCE Authorizing the Town of Normal to Exercise the Powers of the City of Peoria in Connection with the MORTGAGE CREDIT CERTIFICATE PROGRAM and a LOAN FINANCE PROGRAM; and C. ADOPT an ORDINANCE to Transfer $8,000,000.00 of PRIVATE ACTIVITY BOND CAP ALLOCATION to the Town of Normal, for the Mortgage Credit Certificate Program, and to Transfer $3,695,740.00 of Private Activity Bond Volume Cap to the Tri-County River Valley Development Authority for Private Activity Bonds.

Committee

City Council

Requested by

City Manager

Introduced

November 30, 2020

On agenda

December 8, 2020

Passed

December 8, 2020