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HomeMy WebLinkAbout003386 ju RESOLUTION NO. 3386 RESOLUTION APPROVING AN AMENDMENT TO THE COOPERATION AGREEMENT BETWEEN THE CITY OF PUEBLO AND THE HOUSING AUTHORITY OF THE CITY OF PUEBLO AND AUTHORIZING THE PRESI- DENT OF THE CITY COUNCIL TO EXECUTE SAME. BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that: Section 1. The Amendment to Cooperation Agreement dated July 22, 1974 between the City of Pueblo and the Housing Authority of The City of Pueblo, a copy of which is attached hereto, having been ap- proved 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 July 22, 1974 By HENRY REYES Councilman APPROVED: / President bt the Council ATTEST: 4111°.igta , I ;tia' ? ' it Cle k AMENDMENT TO COOPERATION AGREEMENT THIS AGREEMENT entered into this 22nd day of July, 1974 by and between the City of Pueblo , a Municipal Corporation, here- in called City and The Housing Authority of the City of Pueblo, Colorado , herein called Authority, WITNESSETH: WHEREAS , the City and Authority did on April 10 , 1972 and April 2 , 1951 enter into Cooperation Agreements relating to Colorado Projects Numbers 2-1 to 2-6 , both inclusive, and WHEREAS , said Cooperation Agreements require Authority to make payments to City in lieu of taxes , and WHEREAS , it is the desire of both City and Authority to authorize Authority to retain all payments to be made in lieu of taxes for the purposes herein set forth, NOW THEREFORE in consideration of the foregoing and the mutual covenants herein contained the City and Authority agree as follows: (1) For the purposes set forth in paragraph (2) hereof, Authority is authorized to retain payments in lieu of taxes re- quired to be made to City under Cooperation Agreements entered into between Authority and City from and after the following ef- fective dates: Colorado Project Numbers 2-1 , 2-2 and 2-3 after April 1 , 1969; and Colorado Projects Numbers 2-4 , 2-5 and 2-6 after April 1, 1972. (2) All payments in lieu of taxes retained by Authority shall not be spent or expended by Authority except for the devel- opment, acquisition and administration of a recreational program and housing inspection program. (3) Annually on or before the first day of May, Authority shall notify the City Manager of City in writing the amount of payments in lieu of taxes retained by Authority and how and what manner said payments were spent by Authority. (4) City may upon 120 days ' prior written notice to Authority specifying the date of termination, terminate this amendatory agree- ment and Authority shall make all payments in lieu of taxes to City maturing after the date of such termination. (5) Except as modified by this agreement, all of the terms and provisions of the Cooperation Agreements between City and Authority shall remain in full force and effect. Executed at Pueblo, Colorado the day and year first above written. PUEBLO, A MUNICIPAL CORPORATION By /i' f f:t / 9, , I mo-, President of the Council ATTEST: -- Cityf Clerk C APPROVED AS TO FORM: /j�'71c_titJ City Atto n HOUSING AUTHORITY OF THE CITY OF PUEBLO, COLORADO --;,r '' r By ( 9 ���.,. %1iA " (C-Yairman ATTEST: / ,/c--:c‹...c „_ 71)‘'t Secretary t - 2 -