Res 285 1/23/1956r
RESOLUTION' NO. 2$5
RESOLUTION APPROVING AMENDMENT TO COOPERATION AGREEMENT
WITH THE HOUSING AUTHORITY OF THE City of
Wichita Falls Texas
BE IT RESOLVED BY THE Board. of Aldermen OF THE CITY OF
Wichita Fj,,,,,,,,,.,, Texas as follows:
10 The Amendment to Cooperation Agreement between the City
of h a Fal s T Texas , and the
Housing Authority of the City of Wichita Falls , Texas
is hereby approved,
2, The Mayor is hereby authorized and directed to execute the
Amendment to the Cooperation Agreement in the name of and
the City Secretary is hereby directed to seal and attest
the Amendment to Cooperation Agreement with the seal of
the City of Wichita Falls Texas'
3, This resolution shall become effective immediately.
4 The Cooperation Agreement Amendment referred to in
Section 1 is in the following form, to-wit:
3100
AMENDMENTTT TO COOPERATION AGREEMENT
between
CITY OF WICHI.TA..FALL% TEXAS
and
HOUSING AUTHORITY OF THE CITY OFWICHITAFAUIS, TEXAS
T;HEREAS, on the 14 day of MaY 19 51, the CITY OF
CHIT ' 9 TEXT rerein called the "Municipality")
and the HOUL'IN - AUTHORI`"X OF T.HE CITY OF WICHITA a...9
herein called the "Local Authority") entered into a Cooperation
Agreement (herein called the "Agreement") whereby the Local Authority
agreed to undertake the development of certain low-rent housing units
and the Municipality agreed to assist and cooperate with the Local
Authority in such development; and
WHEREAS, The Municipality and the Local Authority are desirous of
amending the Agreement to permit the Municipality to share in any
revenues from the housing units after retirement of Local Authority
Bonds and other obligations:
NOW THEREFORE, in consideration of the premises it is agreed that
the Agreement be and it is hereby amended by inserting the following
new Paragraph 10 in the Agreement:
10. In addition to the Payments in Lieu of Taxes and in further
consideration for the public services and, facilities furnished and to
be furnished in respect to any Project for which no annual contributions
contract had been entered into prior to August 2, 1954, between the
Local Authority and the PISA;
1) After payment in full of all obligations of the Local Authority
in connection with such Project for which any annual contributions are
pledged and until the total amount of annual contributions paid by the
PHA in respect to such Project has been repaid, (a) all receipts in
connection with such Project in excess of expenditures necessary for the
management, operation, maintenance, or financing, and for reasonable
reserves therefor, shall be paid annually to the PHA and to the
Municipality on behalf of the local public bodies which have contributed
to such Project in the form of tax exemption or otherwise, in proportion
to the aggregate contribution which the PHA and such local public bodies
have made to such Project, and (b) no debt in respect to such Project,
except for necessary expenditures for such Project, shall be incurred
by the Local Authority.
2) If, at any tame, such Project or any part thereof is sold,
such sale shall be to the highest responsible bidder after advertising,
or at fair market aalue as approved by the PHA, and the proceeds of such
sale together with any reserves,, after application to any outstanding
debt of the Local A.utl ority in respect to such Projects shall he paid
to the PHA and the local public bodies as provided in clause 1(a) of
this Section 10; Provided, That the Amounts to be paid to the PHA and
the local public bodies shall not exceed their respective total contri-
bution to such Project;
3) The tiIunicipality shall distribute the payments made to it
pursuant to clauses (1) a nd (2) of this Section lO anon. the localal"publicblic
bodies (including t he Municip ality) in proportion to their resp ective
aggregate contributions to. such Project."
1 -
a
IN WITNESS ?AIHEREOF the Municipality and the Local Authority
have re pp,t1,4yely caused this Amendment to be duly executed as of
the da. of J u 1956 a
CITY OF i CHIT F _
SEA%, fATTRiBsT
A.'"Mayor
k
HOUSING AUTHORITY OF THE CITY OF
SEAL)ITIA$
ATTEST: g,_
Chair pan
Lies e arJ
A.`'y
l
2 -
L _
T '
0- The Resolution was read in full, considered and discussed.
rr, Banner moved its adoption a nd flr. Hyatt
seconded the notion. -)n Roll Call the following vote was recorded:
AYE: Aldermen Hyatt, fleicbmuth, Banner, Cox, Lam and Liepold
NAY; None
Thereupon the resolution was declared duly adopter and passed®
A.DJeU ) 1Y1* meeting adjourned at 12-30 ?t clock A .
S AL)1 APPROVED
TTES ' Y''R
1.
C C :E
CF'ZTIFICATE
i
Geo. T. Henderson Clerk) of the
City of icbit . `als T hereby certify that I have
comp^red the annexed extract from the minutes of the ( regular)
sizi ) meeting of the B.oard of Aldermen of said City, held
on the 23rd day of aurp 9 with the
original thereof, recorded in the official minute book, and that
it is a correct trasoript therefrom and of the whole of said
original; that the annexed extract of the minutes of the tre,,ting
is a true and complete transcript of such minutes and that the
Resolution contained therein is a true , complete and accurate copy
of the Resolution adopted at said meeting.
IN WITNESS WHE 7'Ec‘F, I have hereunto set my hand and the seal
of the City of i 0" R ._1 Texas this
day of 5 •
37 41179Prw
SEAL) `
ATT'`RNEYtS CERTIFICATE AND eePINI q\T
I, the undersigned City ikttorney for the City of r, ,
Texas, do certify that I have examined the attached extracts rom
the regular/special meeting of the ;, , + ¢' , H . , of the
City of Texas , held on jmtjry 23 195
and if is my opinion that the aforesaid meeting was duly and
legally held and that the resolutions contained therein were duly
and regularly adopted btr such governing body in compliance with the
laws of the State of Texas , and are iaert subject to referendum or
the time for filing a petition for referendum ha ,expired.
CitT ' torney
6tttt