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.