HomeMy WebLinkAbout1978 Resolution No. 064,-. .
•
RESOLUTION NO. 64 , SERIES OF 1978
A RESOLUTION RELATING TO THE ASSIGNMENT OF THE HOUSING ASSISTANCE
PAYMENTS CONTRACT BETWEEN THE CITY OF ENGLEWOOD AND THE UNITED
STATES OF AMERICA, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT,
TO THE HOUSING AUTHORITY OF THE CITY OF ENGLEWOOD, COLORADO.
WHEREAS, on or about May 20, 1976 the City of Englewood,
Colorado, (the •city•) entered into a Rousing Assistance Payments
Contract, DEN-684 (•HAP Contract•) with the United States of
America, Department of Housing and Urban Development, ("HUD")
relating to a project described as a 104-unit apartment building
located at 3333 South Lincoln Street, in the City of Englewood,
leased to low income elderly tenants1 and
WHEREAS, in accordance with the HAP Contract, HUD has
aqreed to make housing assistance payments on behalf of low income
families to enable such low income families to lease decent, safe
and sanitary housing (Project Number C099-0002-001): and
• WHEREAS, the City has determined that it is in the best
•
interest of the City that the project should be sold and conveyed
to the Housinq Authority of the City of Englewood, Colorado,
(•Authority•) in accordance with the terms and conditions set
forth in Ordinance No. 38 , Series of 1978, finally passed and
adopted on November 20, 19781 and
WHEREAS, the Authority has, by a resolution passed and
adopted on November 28, 1978,authorized the issuance of its bonds
in the principal amount of $2,222,000 for the purpose of acquiring
the project: and
WHEREAS, it is necessary that the HAP Contract be
assigned by the City to the Authority: and
WHEREAS, the provisions of Part II of the HAP Contract
(Sec. 2.11) require that notification must be given to HUD in the
event that an assignment is made of the HAP Contract:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ENGLEWOOD, COLORADO, as follows:
Section 1.
That a request for written consent of the assignment
of the HAP Contract from the City to the Authority, be submitted
to HUD.
Section 2.
That upon receipt by the City of the required written
consent from HUD, and subject to the sale and conveyance of the
project to the Authority, the appropriate officers of the City are
authorized to do all things necessary to accomplish such assign-
ment, including the execution of the Assignment of Housing
Assistance Payments Contract.
Section 3.
Should any one or more sections or provisions of this
Resolution be judicially determined invalid or unenforceable, such
determination shall not affect, impair or invalidate the remaining
provisions hereof, the intention being that the various provisions
hereof are severable.
ADOPTED AND APPROVED this 5th day of December, 1978.
Attest:
ex
I, William D. James, ex officio City Clerk-Treasurer
of the City of Englewood, State of Colorado, hereby certify that
the above is a true, accurate, and complete copy of Resolution
No. 64 , Series of 1978.
~~cferk-Treasurer
-2-