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[home rule units] <br />RESOLUTION NO. 20-85 <br />A RESOLUTION authorizing the City/Village <br />Of Elk Grove Village to enter into,an <br />agreement with The County of Cook, Illinois, <br />with respect to the issuance of certain <br />bonds for housing purposes by The County <br />of Cook. <br />* * r <br />WHEREAS, the availability of decent, safe and sanitary <br />housing that most people can afford is essential to the health <br />and safety of the inhabitants of the City/Village of Elk Grove Vlg., <br />Cook County, Illinois (the "Municipality") and to the financial <br />well-being of the Municipality; and <br />WHEREAS, the shortage of such decent, safe and sanitary <br />housing that most people can afford is not transitory and <br />self curing and it is necessary that this Municipality take all <br />possible action to lower the cost of such housing in order to <br />make it available to a larger portion of the inhabitants of the <br />Municipality; and <br />WHEREAS, the Municipality is a "home rule" unit of <br />government under Article VII of the 1970 Constitution of Illinois <br />and is therefor authorized to engage in a home mortgage loan <br />program -and to issue its bonds for such purpose; and <br />WHEREAS, it has heretofore been found and it is hereby <br />determined that it is not feasible for the Municipality to issue <br />its bonds and to engage in a home mortgage loan program and that <br />it is in the best interests of the Municipality to enter into an <br />agreement with The County of Cook, State of Illinois (the "County") <br />