HomeMy WebLinkAbout04939 RESOLUTION NO. 4939
RESOLUTION APPROVING AMENDMENT NO . 2 TO THE
COOPERATION AGREEMENT BETWEEN THE CITY OF
PUEBLO AND THE HOUSING AUTHORITY OF THE CITY
OF PUEBLO AND AUTHORIZING THE PRESIDENT OF
THE CITY COUNCIL TO EXECUTE SAME
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1 .
Amendment No. 2 to Cooperation Agreement dated March 8 , 1982
between the City of Pueblo and the Housing Authority of The City
of Pueblo, a copy of which is attached hereto, having been approved
by the City Attorney, is hereby approved.
SECTION 2.
The President of the City Council is hereby authorized and
directed to execute said Agreement for and on behalf of the City
and the City Clerk shall affix the seal of the City thereto and
attest same.
INTRODUCED March 8 , 1982
By ISAAC C. DURAN
Councilman
APPROVED:
)4,4--e------ Ai C..)( 7( e- 7- ,,•'`i 7()-5 .
President of the Council
ATTEST:
! J 1'. C �
-City ler
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AMENDMENT NO. 2 TO COOPERATION AGREEMENT
THIS AGREEMENT entered into this day of ,
1982 , between the City of Pueblo, a municipal corporation, herein
"City" and the Housing Authority of the City of Pueblo, Colorado,
herein "Authority" ,
WITNESSETH
WHEREAS , the City and Authority did on April 10 , 1972 , enter
into a Cooperation Agreement, herein "Agreement" , and
WHEREAS, the number of units Authority endeavored to secure
loans and develop under the Agreement was specified as 1,000, and
WHEREAS, Authority and City are desirous of increasing the
number of units so specified to 1 ,500 units and to provide for
Authority to retain payments in lieu of taxes,
NOW, THEREFORE, in consideration of the foregoing and mutual
promises herein contained, the Authority and City agree as follows :
1. Paragraph 2 of the Agreement shall be and the same is
hereby amended to read:
2. The Local Authority shall endeavor (a) to secure
a contract or contracts with the Government for
loans and annual contributions covering one or
more projects
comprising approximately 1, 500 units of low-rent housing and
(b) to develop or acquire and administer such Project or Pro-
jects , each of which shall be located within the corporate
limits of the Municipality. The obligations of the parties
hereto shall apply to each such Project.
2 . Authority is authorized to retain all payments in lieu of
taxes required to be made to City under the Agreement and to spend
such payments only for the development, acquisition and administra-
tion of a tenant recreation program and housing inspection program
and for providing public officials liability insurance for
Authority' s Commissioners and Executive Director in reasonable
amounts. Authority shall annually on or before the first day of
May submit a written report to the City Manager of City specifying
the amount of payments in lieu of taxes retained and how and in
what manner said payments were spent by Authority. City may upon
120 days prior written notice to Authority terminate the authorization
granted to Authority by this paragraph to retain payments in lieu
of taxes and require all such payments maturing after the date of
termination to be made to City.
3. The Agreement as amended hereby shall remain in full force
and effect and the Amendment to Cooperation Agreement dated July 22,
1974 is hereby superseded and terminated.
PUEBLO, A MUNICIPAL CORPORATION
ATTEST: By ,/G(� e z_ /v .,4l/--'teW.�°S
President of the Council
City lerk
/
,
APPROVED S TO FORM:
City Attorney ~"(---. HOUSING AUTHORITY OF THE CITY OF
PUEBLO, COLORADO
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ATTEST: B
`, Chairman
Se r- ary