Human Services Development Corporation
The shared goal between the County and the SCHSDC is to directly address blighted conditions in the Village through the investment of over $4.5 million dollars in building and site renovations. The Corporation played a central role by providing a source of revenue to acquire the Land and Building through the issuance of tax exempt revenue bonds. The Bonds are securitized by the Corporation’s interest in the Project and the leases entered into by the County and Agencies. The Bonds will be repaid as a debt of the Corporation with lease proceeds from the County and Agencies.
The intended purposes of the development structure include:
- Providing office and operating facilities for entities whose primary missions include relieving and reducing unemployment, promoting and providing for additional and maximum employment, and bettering and maintaining job opportunities within the County;
- Lessening the burdens of government by effectively shielding the County from unknown liabilities associated with acquiring the Land and acting as a proprietary landlord for the County;
- Allowing for flexible lease terms to be extended to the Agencies, along with future development opportunities to be realized for excess portions of the Land;
- Renovating and placing into service a long-vacant building located within a Village that has and continues to struggle with a faltering economy, thereby addressing the economic development needs of the community; and
- Consolidating employees of the County and the Agencies into a single location that will bring much needed business and traffic to Village businesses and stimulate indirect, yet crucial fiscal impacts – which, in turn, lead to further economic development and job growth.
The Human Services Complex houses the following department/agencies: