Resolution 2009-03 STATE OF ILLINOIS )
ss.
COUNTY OF KENDALL )
RESOLUTION NO. 2009- p3
STATEMENT OF SUPPORT FOR SB.253 — A BILL TO AMEND THE
INTERNAL REVENUE CODE OF 1986 TO EXPAND
THE APPLICATION OF THE HOMEBUYER CREDIT, AND FOR OTHER PURPOSES
WHEREAS, home prices and property values continue to dramatically decline across the country,
causing Americans to be hesitant to buy homes because they fear prices won't stabilize in the near future; and
WHEREAS, existing home inventory is nearing an all -time high and increasing foreclosures flood the
market; and
WHEREAS, all sectors of the economy are affected by the housing crisis, and
WHEREAS, thousands of jobs across all industries have been lost as a result of the housing crisis; and
WHEREAS, implementing a viable foreclosure plan is absolutely essential to stabilizing the housing
market by keeping people in their homes and stabilizing home prices; and
WHEREAS, SB.253 - a bill to amend the Internal Revenue Code of 1986 to expand the application of
the homebuyer credit, and for other purposes was introduced by Senator Johnny Isakson (R -GA) on January 15,
2009; and
WHEREAS, said bill contains a plan to make tax credits for home purchases available in transactions
for all primary residences, increase the size of the individual tax credit, consider the credit repayable only if a
home is sold within the first three years of purchase, provide below market rate mortgage interest rates; and
WHEREAS, SB.253 and its components represent a solution to fixing the housing crisis, and therefore
assist in improving the economy; and
WHEREAS, the Mayor and City Council of the United City of Yorkville deem it in the best interest of
the United City of Yorkville to endorse and support SB.253;
NOW THEREFORE BE IT RESOLVED, by the Mayor and City Council of the United City of
Yorkville, Senate Bill 253 is hereby endorsed and request is hereby made for its immediate passage by the
United States Senate, United States House of Representatives, and subsequently, the President of the United
States.
I
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this day
of , A.D. 2009.
�CLRK
ROBYN SUTCLIFF JOSEPH BESCO Y,
GARY GOLINSKI ARDEN JOE PLOCHER
WALLY WERDERICH MARTY MUNNS
ROSE ANN SPEARS BOB ALLEN
Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this o9 - 7
day of J A M U P 12 y , A.D. 2009.
U 4
MAYOR
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