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HomeMy WebLinkAboutOrdinances Book 14, Page 333, No Resolution Number333 A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TOE XECUTE AMENDMENT NO. 1 TO COOPERATION AGREEMENT DATED APRIL 28, 1958 BETWEEN THE CITY OF PADUCAH AND THE CITY OF PADUCAH MUNICIPAL HOUSING COMMISSION BE IT RESOLVED BY THE BOARD OF C0191ISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the Mayor and City Clerk be, and they are hereby, authorized and directed to execute, on behalf of the City of Paducah, Kentucky, Amendment No. 1 to Cooperation Agreement dated April 28, 1958, between the City of Paducah, Kentucky and the City of Paducah Municipal Housing Commission, which is in words and figures as follows, to -wit: "AM•ENDMENT N0. 1 TO COOPERATION AGREEMENT DATED APRIL 28, 1958 BETWEEN THE CITY OF PADUCAH, KENTUCKY AND THE CITY OF PADUCAH MUNICIPAL HOUSING COMMISSION "WHEREAS, the City of Paducah, Kentucky and the City of Paducah Municipal Housing Commission have heretofore entered into a Cooperation Agreement dated April 28, 1958, in connection with the development of 40 units of low -rent housing which has been designated Project No. KY -6-5; and "WHEREAS, the Board of Commissioners of the City of Paducah, on August 3, 1960, adopted a Resolution declaring a further need for low -rent housing and approving the application of the City of Paducah Municipal Housing Commission to the Public Housing Administration for a Preliminary Loan not to exceed '?'42,500.00 for surveys and planning in connection with the development of 250 additional units of low -rent housing, and in furtherahce of said approval the City of Paducah Municipal Housing Commission, on August 10, 1960 applied to the PHA for said additional housing units and a Preliminary Loan; and "WHEREAS, the parties hereto mutually desire to revise and amend the Cooperation Agreement dated April 28, 1958 to provide for the local cooperation necessar# to the development and administration of 250 additional units of low -rent housing, or such lesser amount as the Public Housing Administration shall approve by the issuance of a further Program Reservation, or Reservations. "NOW THEREFORE it is mutually agreed that the Cooperation Agreement dated April 28, 1958 shall be and the same is hereby amended by deleting all of Section 2 thereof and substituting therefor the following: 334 a 12. The Local Authority shall endeavor (a) to secure a contract or contracts with the PHA for loans and annual contributions covering one or more Projects comprising approximately two hundred ninety (290) units of low -rent housing and (b) to develop and administer 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.T "IN WITNESS WHEREOF the parties hereto have respectively executed this agreement as of the day of i (SEAL) i ATTEST: CITY OF PADUCAH, KENTUCKY City Clerk By Rlayor (SEAL) CITY OF PADUCAH MUNICIPAL HOUSING ATTEST: COPMISSION I By i Secretary airman" SECTION 2. This Resolution shall be in full force and effect from and after its adoption. i' yor Passed by the Board of Commissioners August 23,.1960 Recorded by Sarah. Thurman, City Clerk, August 23, 1960.