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HomeMy WebLinkAboutAuthorizing execution of amendment #3 between COP Municipal Hosuing Commission and COP482 A RESOLUTION AUTHORIZING THE EXECUTION OF AMENDMENT NO. 3 TO THE COOPERATION AGREEMENT BETWEEN THE CITY OF PADUCAH MUNICIPAL HOUSING COMMISSION AND THE CITY OF PADUCAH, KENTUCKY WHEREAS , the City of Paducah Municipal Hoizsing Commission. (herein called "Local Authority") and the City of Paducah, Kentucky (herein called "Municipality") desires to enter into an amendment to its Cooperation Agreement in connection with the development of low-rent housing units pursuant to the United States Housing Act of 1937, as amended, and WHEREAS; the Housing .Authority of Paducah and the City of Paducah, Kentucky entered into a Cooperation Agreement dated September 19, 1938, and which Agreement was last amended:by Amendment No. 2, dated October 14, 1969, and WHEREAS, it is proposed to amend said Cooperation Agreement in the manner hereinafter stet forth . .NOW, :THEREFORE., BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE. CITY OF PADUCAH, KENTUCKY: SECTION 1. That Amendment No . 3 to the Cooperation Agreement between the City of Paducah, Kentucky and the Housing Authority of Paducah, dated September: 19, 1:938 and amended on October 14, 1969 by Amendment No. 2 be, and it is hereby, fizrther amended by Amendment No. 3 as. follows: "AMENDMENT NO. 3 TO COOPERATION AGREEMENT Thi Amendatory Agreement entered into this. by and between THE HOUSING AUTHORITY OF PADUCAH (herein .called the "Local Authority") and the CITY OF PADUCAH, KENTUCKY- (herein called the "Municipality") , W I T N E S S E T H WHEREAS, the Municipality and the Local Authority have entered into a certain Cooperation Agreement dated September 19, 1938, and last amended by Amendment No. 2 dated October 14, 1969, providing for aid and cooperation in respect to low-rent housing Projects developed and to be developed and operated by the Local Authority with the financial. assistance of the Department of Housing and Urban Development, (hereinafter called HUD); and WHEREAS , the Municipality and the Local Authority have determined that it would be advantageous to amend the Cooperation Agreement to include the existing units and 219 additional units of such low-rent housing. day of _ 483 NOW, THEREFORE, the Municipality and the Local Authority have determined that Section 2 of the aforementioned Cooperation Agreement be, and it is hereby, amended to read as follows: "The Local Authority shall endeavor to (a) secure a contract or contracts with HUD for loans and annual contributions covering one or more Projects comprising all existing and approximately 219 additional units of low-rent housing, and (b.) to develop and ad- minister such Project or Projects, 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" . IN WITNESS WHEREOF, the Municipality and the Local Authority have respectively signed this Amendatory Agreement and caused their seals to be affixed and attested as of the day and year first above written . CITY OF PADUCAH, KENTUCKY BY: Mayor (SEAL) ATTEST': City Clerk (SEAL) HOUSING AUTHORITY ~ OF: PADUCAH BY: Title ATTEST: Secretary SECTION 2. This resohtion shall be in full force and effect from and after the date of its adoption . i ~ Mayor , ~~ Passed by the Board of Commissioners January 22, 1980 Recorded by Louise McKinney, City Clerk, January 22, 1980.