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HomeMy WebLinkAboutOrdinances Book 15, Page 609, No Resolution Number60� A RESOLUTION AUTHORIZING THE EXECUTION OF AMENDMENT TO COOPERATION AGREED'ENT WHEREAS, the City of Paducah Municipal Housing Commission (herein called the "Local Authority") and the City of Paducah, Kentucky (herein called the "Municipality") desire to enter into an Agreement to its Cooperation Agreement in connection with the de,!elopment of low -rent housing units pursuant to the United States Housing Act of 1937, as amended. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the Local Authority and the Municipality enter into an Amentment to its Cooperation Apreement and the Mayor is hereby authorized to execute the same on behalf of the Municipality and the City Clerk to attest the same and affix thereto the seal of the Municipality, said Amendment being in substantially the following form: "AMENDMENT NO. 1 TO COOPERATION AGREE1.1ENT DATED SEPTEMBER 7, 1962, 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 Septemher 7, 1962, as amended, in connection with the development of 81,9 units of low -rent housing which have heen designated Protects No. Ky-6-1, 2, 3, k, 5, 6, 7; and "WHEREAS, the Board of Commissioners of the City of Paducah, on May 13, 196F, adopted 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 $35,000.00 for surveys, and planning in connection with the development of 200 additional units of low -rent housing, and in furtherance of said approval the City of Paducah Municipal Housing Commission 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 September ?, 1962, as amended, to provide for the local cooperation necessary to the development and administration of 200 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 September 7, 1962, as amended, shall be and the same is hereby amended by deleting all of Section 2 thereof and substituting therefor the following: 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 106.9 units of low -rent housing and (b) to develop and administer such Froiect or Pro iects, each of which shall be located within the corporate limits of the Municipality. The obliga- tions of the parties hereto shall apply to each such Project.? "IN WITNESS WHEREOF the parties hereto have respectively executed this agreement as of the day of 1965. CITY OF PADUCAH,, KENTUCKY (SEAL) ATTEST: By �:ayor Citi Clerk 610 (SEAL) CITY OF PADUCAH MUNICIPAL HOUSING COMMISSION ATTEST: By Chairman Secretary SECTION 2. This Resolution shall be in full force and effect from and after its adoption. �6-7au�7C,. Mavor Passed by the Board of Commissioners June 30, 1965 Recorded by Sarah Thurman, City Clerk, June 30, 1965.