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HomeMy WebLinkAbout1982-505-11.08.1982 • i. 0. q° Project 1 f1 50--. ,1+ ��P TV 9,y - Contract r -3V 3 7 U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT LOW-RENT PUBLIC HOUSING AMENDMENT TO CONSOLIDATED ANNUAL CONTRIBUTIONS CONTRACT FOR PROJECT IA 50-3, CONTRACT KC-3047 THIS AMENDATORY AGREEMENT, made and entered into this g day of V c i1 (c - 10 rc-f , 19 ,. by and between the UNITED STATES OF AMERICA, U. S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (hereinafter called the "Government") , and the Waterloo Housing Authority (hereinafter called the "Local Authority") ; WITNESSETH: WHEREAS, the Government and the Local Authority executed an Annual Contribu- tions Contract on September 6, 1972, Contract No. KC-3047 (hereinafter called the "Existing Contract") ; and WHEREAS, the Government and the Local Authority desire to amend said Contract. NOW, THEREFORE, in consideration of the premises and the mutual benefits • to the parties hereto, it is hereby agreed that the Existing Contract is amended as follows: 1. Delete all of Section 1(H) of the Existing Contract, and substitute in lieu thereof the following words, phrases and figures: (H) The "Minimum Loan Interest Rate" shall be 5 3/8 % per annum. The "Maximum Contribution Percentage" shall be 6.7311 % per annum. The remaining portions of the Existing Contract remain in full force and effect. IN WITNESS WHEREOF, the Local Authority and the Government have caused this Amendatory Agreement to be executed and the Local Authority has caused its seal to be hereunto affixed and attested all as of the date first above written. WATERLOO HOUSING AUTHORITY C7eD _ Mayor (SEAL) ATTES'P-r- UNITED STATES OF AMERICA U. S. Department of Housing and Urban Development Des Moines Service Office By —