HomeMy WebLinkAbout1980 Ordinance No. 021•
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ORDINANCE NO . 21
SERIES OF 1 9 80
BY AUTHORITY
COUNCIL BILL NO. 21
INTRODUCED BY COUNCIL
MEMBER BRADSHAW
AN ORDINANCE APPROVING AGREEMENT BETWEEN THE CITY OF ENGLEWOOD,
COLORADO, AND THE ENGLEWOOD HOUSING AUTHORITY FOR THE ADMINISTRA-
TION OF SEPARATE ACCOUNTS FOR HOUSING AUTHORITY PROJECTS.
WHEREAS , the Housing Authority of the City of Englewood,
Colorado, is responsible for maintaining financial information
in accordance with acceptable auditing standards required by the
Department of Housing and Urban Development; and
WHEREA S, the City of Englewood agrees to administer separate
accounts for these various programs under the Department of Housing
and Urban Deve lopment;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF ENGLE WOOD, COLORADO, as follows:
Section 1. The following Agreement by and between the City of
Englewood, Co lorado, and the Englewood Housing Authority is hereby
approved:
AGREEMENT
THIS AG REEME NT made by and between the CITY OF ENGLEWOOD,
COLORADO, a mu nicipa l corporation, hereinafter called "Englewood,"
and the ENGLEW OOD HOUSING AUTHORITY, a body corporate and politic,
hereinafter c alled "Housing Authority." ·
WHEREA S, the Housing Authority is responsible for maintaining
financial information in a f orm suitable to accepted auditing
stan~ards requr i ed by the Department of Housing and Urban Develop-
ment; and
WHEREA S, the Housing Authority desires the City of Englewood,
th r ough its Department of Finance, to accept the responsibility for
the maintenance of said financial information; and
WHEREAS , Englewood is wi lling to accept the responsibility
for the main tenance of sqch financial information in suitable
form and con t ent required by the Department ofHousing and Urban
Deve lopment; and
WHEREAS , i t is in the best i nterest of each of the. parties
tha t such re cords be 10ainta i ned in accordance with appropriate
accounting p roc edures and acce p ted accountin9 lnethods ..
NOW, THEREF ORE , BE IT MUT UA LLY AGREED by and between the
parties as foll o ws :
l; Engl ewood hereby agrees to administer separate accounts
for:
a~ Section 8 New Construction Elderly High-Rise,
b. Section 8 Existing Program,
c. Home Rehabilitation Loan Program under the
Conununity Developme nt Block Grant Program;
d. Preliminary Loan F unds for Public Housing
New Construction;
e. Other accounts a s may be agreed upon between the
parties.
2 The Housing Authority a g rees that Englewood, through its
Department o f Finance -is authorized to ltlaintain s·uch records
pursuant to approved accounting standards.
3 . Englewood, through its Department of 7inance, shall
assume full r e s p onsibility for maintaining such. records.
4. Eithe r party hereto ma y terminate this agreement without
cause . upon ninety ( 90 I days•· prior written notice to tfie other.
IN WITNE SS WHEREOF, the parties hereto .have executed this
agreement on the.' 21st day o f July , 1980.
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Attestc
Attest:
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CITY OF ENGLEWOOD,. COLORADO
A Municipal Corporation
B~~.~
ENGLEWOOD HOUSING AUTIDRITY
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Section 2. The City Council of the City of Englewood, Colorado,
hereby authorizes the Mayor of the City of Englewood to subscribe
his name to said Agreement for and in behalf of the City and the
Director of Finance, ex officio City Clerk-Treasurer, to attest
the same.
introduced, read in full and passed on first reading on the
7th day of July, 1980.
Published as a Bill for an Ordinance on the 9th day of
July, 1980.
Read by title and passed on final reading on the 21st day of
July, 1980.
Published by title as Ordinance No. ll , Series of 1980, on
the 23rd day of July, 1980.
Attest:
I, Gary R. Higbee, ex officio City Clerk-Treasurer of the
City of Englewood, Colorado, hereby certify that the above and
foregoing is a true, accurate, and complete copy of the Ordinance
passed on final reading and published by title as Ordinance
No. Zl , Series of 1980.
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