Res 2775 4/21/1981RESOLUTION NO. 277
RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO AN
AGREEMENT WITH MIDTOWN MANOR, INC. , CONCERNING THE APART-
MENT COMPLEX KNOWN AS MIDTOWN MANOR
WHEREAS, Midtown Manor, Inc. , has received a $6.7 million loan from
the Department of Housing and Urban Development for construction of a 150-unit
apartment complex for the elderly and handicapped; and
WHEREAS, the City of Wichita Falls wishes to provide funds to allow
Midtown Manor, Inc. , to make certain necessary public improvements associated
with Midtown Manor;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
1. Certain agreement, a copy of which is attached hereto, between
the City of Wichita Falls and Midtown Manor, Inc. , for the advancement of
93,400.00 in Community Development Block Grant funds to be used to make certain
public improvements associated with Midtown Manor, is hereby approved.
2. The City Manager is authorized to enter into said agreement with
Midtown Manor, Inc. , on behalf of the City of Wichita Falls.
PASSED AND APPROVED THIS THE.d/Oeday of 4 1981.
MAYOR
ATTEST:
A-ei-pw_,.e,/ Me--,Fe- --2
City Clerk
Page 2 of 4 Pages
Agenda Item No.
THIS AGREEMENT, entered into on this ems/ ofof 47/,.1L 1981
by and between the City of Wichita Falls, herein called "City" and Midtown
Manor, Inc. , WITNESSETH THAT:
1. The City of Wichita Falls agrees to advance a sum of $93,400.00:in
Community Development Block Grant funds to Midtown Manor, Inc.
2. Midtown Manor, Inc. , guarantees that $93,400.00 worth of public
improvements, associated with the 150 unit housing project known
as Midtown Manor will be made, specifically as follows:
a. Sidewalk improvements 7,200.00
b. Driveway approaches and curb cuts 11,000.00
c. Site clearance and basement filling 8,000.00
d. Public parking lot construction 45,000.00
e. Street and parking lot lighting 14,000.00
f. Utility adjustments 8,200.00
3. Midtown Manor, Inc. , would, subsequent to these expenditures, provide
to the City appropriate architectural and engineering certifications
to document the costs of the public improvements.
U
ti, 4. The City's advance can be used to pay off any loans which Midtown Manor, Inc.
may have incurred to construct the improvements provided for herein.
5. In the event that all funds are not expended, it is understood that
the balance will be returned to the City.
6. All engineering specifications on these public improvements will be
reviewed and approved by the City prior to the making of contractual
agreements by Midtown Manor, Inc.
7. Midtown Manor, Inc. , agrees to comply with all rules, regulations
and guidelines issued by the Department of Housing and Urban Develop-
ment in the implementation of these public improvements.
8. At anytime during normal business hours as often as the City of
Wichita Falls or the Department of Housing and Urban Development
may deem necessary, Midtown Manor, Inc. , shall make available to
the City of Wichita Falls or Department of Housing and Urban
Development for examination all of its records with respect to all
matters covered by this contract and will permit the City or Depart-
ment of Housing and Urban Development to audit, examine and make
excerpts or transcripts from such records, and to make audits of all
contracts, invoices, materials, payrolls, records of personnel,
conditions of employment and other data relating to all matters
covered by this contract.
IN WITNESS WHEREOF, MIDTOWN MANOR, INC. AND THE CITY OF WICHITA FALLS HAVE
EXECUTED THIS AGREEMENT AS OF THE DATE FIRST WRITTEN ABOVE.
Jajqu Allen, President u. A. Bach, City Manager
M'dto Manor, Inc.City of Wichita Falls
Attest: Attest:
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