Loading...
HomeMy WebLinkAboutRES 0947I RESOLUTION NO.y� RESOLUTION REAFFIRMING NEED FOR LOW - RENT HOUSING AND APPROVING AMENDMENT TO COOPERATION AGREMENNT BETWEEN THE CITY OF RENTON AND THE HOUSING AUTHORITY OF THE CITY OF RENTON AND AUTHORIZING ITS EXECUTION WHEREAS, it is the policy of this locality to eliminate sub- standard and other inadequate housing, to prevent the spread of slums and blight, and to realize as soon as feasible the goal of a decent home in a suitable environment for all its citizens; and WHEREAS, the United States Housing Act of 1937, as amended, provides there shall be local determination of need for low -rent housing to meet the needs not being adequately met by private enterprise; and WHEREAS, low -rent housing is needed to assist in meeting the housing goal of this locality; and WHEREAS, the application of the Housing Authority of the City of Renton (hereinafter referred to as the "Local Authority") as required by said United States Housing Act, was heretofore approved by the City of Renton on February 14, 19502 by Resolution No. 758; and WHEREAS, in reliance of such approval by the City, the Hous- ing Authority of the City of Renton and the Public Housing Adminis- tration executed on.March 7, 1950, a Preliminary Loan Contract for 100 dwelling units of low -rent housing, which contract'is still in full force and effect; and WHEREAS, on May 7, 1952, the City of Renton, pursuant to au- thority conferred by the City Council by Resolution No. 831, exe- cuted a Cooperation Agreement with the Housing Authority for 100 dwelling units of low -rent housing; and WHEREAS, the mentioned United States Housing Act of 1937s was further amended on August 2, 1954, by adding a new subsection (j) to Section 10 of such Act to provide for the repayment of all local and Federal annual contributions with respect to the low -rent hous- ing projects that are placed under Annual Contributions Contract between the Public Housing Administration and the Local Authority after August 2, 1954; and WHEREAS, the ;City of Renton desires to further cooperate with the Local Authority by amending the existing Cooperation Agreement between the parties hereto in order to give effect to such amend- ment of the United States Housing Act of 1937, as amended; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Renton as -follows: (1) There still exists in the City of Renton a need for such low -rent housing at rents within the means of low income families; (2) The action taken by the City Council in adopting its Resolution No. 758 approving the Application of the Housing Authority of the City of Renton for a Preliminary Loan in connection with the development of low -rent public housing in the City of Renton is hereby reaffirmed to the extent of approving 100 dwelling units of such low -rent public housing, (3) The City Council hereby approves the entering into an amendment to the Cooperation Agreement in substantially the form hereinafter set forth with the Local Authority. The Mayor of the City of Renton is hereby authorized and directed to execute said amendment to the Cooperation Agreement in the name and on behalf of the City of Renton and the City Clerk is hereby authorized and directed to affix or impress the official seal of the City of Renton thereon and to attest same. Such amendment to Cooperation Agreement shall be in substantially the form attached hereto marked Exhibit ffA« and made a part hereof. (4) This Resolution shall take effect immediately. CITY O. RENTON BY_ CITY CLERK PASSED BY THE CITY Q?UNCIL this 10th day of December, 1957. -2- i EXHIBIT "An � � T 1l O li 7 I i'i G :,` TJT::: 6- R I TYr OF `�`: HL CITY OF RM ON 1111D, THE, CITY Or RENT©N This Amendatory Agreenent entered canto tiie uay o' 1957L by and between the Housing Authority of the City of Renton , a public boder corporate and politic (hereinafter called the "Local Authority") and the City of Renton , State of Washington (herein called the Municipality ") , WITNESSETHo tt-Lc Local Authority and the Municipality entered into a Cooperation Agreement dated May 7, 1952 , provid- ing for cooperation by the Municipalttrs_ with the Local 'uthor- ity in connection_ with the development in the City of Renton , County of King �__, of not to exceed 10() units of low - rent housing by such Locel Authority, and which Cooperation A ree- ment was executed by the Municipality in its desire of assisting and cooperating with the 'Local Authority in such undertaking and of complying with the provisions of Sections 10(a), 10(h) and 15(7)(b) of the United States rousing Act of 1937, as amended; and iniHELtEAS, the mentioned United States housing Act of 1937 was further amended on August 2, 1954, by adding; a new subsec- tion (a) to Section 10 of such Act to provide for the repayment of all local and Federal annual, contributions with respect to the low -rent housing projects that are placed under Annual Con- tributions Contract between the Public Housine Administration and the Local Authority after August 2, 19511�; and WHEREAS, the Municipality desires to further cooperate with the Local Authority by ameiading the existing Cooperation Agree- ment between the parties hereto in order to give effect to such amendment of the United States Housing Act of 1937, as amended; NOW, THEREFORE, in consideration of the riutual covenants hereinafter set forth, the Local Authority and the MunicIP-411ty do agree as follows: ` 1. The Cooperation Agreement heretofore executed between the parties and dated May 7, 1952 , shall be and is hereby amended by adding thereto the following language as Section 10 thereof: 10 . In addition to the Payments in lieu of Taxes and in further consideration for the public ser - ices and facilities furnished and to be furnished in respect to any Project for which no annual con- tributions contract had been entered into prior to August 2, 1954, between the Local Authority and the P 1A; (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 con- tributions paid by the PEA in respect to such Proj- ect has been repaid, (a) all receipts in connection with such Project in excess of expenditures neces- sary for the management, operation, maintenance or financing, and for reasonable reserves therefor, shall be paid annually to the P. -Y-, 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 PHP. 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 time, such Project or any part thereof is sold, such sale shall be to the highest responsible bidder after advertising, or at fair market value as approved by the PHA, and the pro- ceeds of such sale together with any reserves, after application to any outstanding debt of the - 2 - Local Authority in respect to such Project, shall be paid to the P J. and local public bodies as pro- vided in clause l(a),. of this Section 10 : Provided, That the amounts to be paid to the PFI and the local public bodies shall not exceed their respect- ive total contribution to such Project; (3) The Municipality shall distribute the pay- ments glade to it pursuant to clauses (1) and (2) of this Section 10 among the local public bodies (including the Municipality ) in proportion to their respective aggregate contributions to.such Project." 2. Except as herein amended, the Cooperation Agreement between the parties hereto dated May 7, 1952 , shall remain in full force and effect. IN WITNESS IHER20F, the Local Authority and the Municipalj�j have respectively caused this Amendatory :agreement to be duly executed as of the day and year first above written. (SEAL) ATTEST: Secretary ATTLS city Clerk HOUSI_ G AUTHORITY OF THE CITY OF RENT ON By Chairman CITY OF RENTON Mayor - 3 -