HomeMy WebLinkAbout1989-529-09.25.1989 RESOLUTION NO. 1989-529
RESOLUTION AUTHORIZING EXECUTION OF ANNUAL
CONTRIBUTIONS CONTRACT.
WHEREAS, the Waterloo Housing Authority (herein called the
"Local Authority" ) proposes to enter into a revised contract
(herein called the "Annual Contributions Contract" ) with the
United States of America (herein called the "Government" ) with
respect to any "Project" as defined in the Annual Contributions
Contract and which at any time now or hereafter is incorporated
under the terms of such Contract.
BE IT RESOLVED BY THE LOCAL AUTHORITY, as follows:
Section 1 . The Annual Contributions Contract is hereby approved
and accepted both as to form and substance and the Chairman or
Vice Chairman is hereby Authorized and directed to execute said
Contract in six copies on behalf of the Local Authority, and the
Secretary is hereby authorized and directed to impress and attest
the official seal of the Local Authority on each such counterpart
and to forward said executed counterparts, or any of them, to the
Government together with such other documents evidencing the
approval and authorizing the execution thereof as may be required
by the Government.
Section 2. Whenever the following terms, or any of them, are
used in this Resolution, the same, unless the context shall
indicate another or different meaning or intent, shall be
construed, and are intended to have meanings as follows:
( 1) The term "Resolution" shall mean this Resolution.
( 2) All other terms used in this Resolution and which are
defined in the Annual Contributions Contract shall have
the respective meanings ascribed thereto in the Annual
Contributions Contract.
Section 3. All resolutions or parts of resolutions heretofore
adopted by the Local Authority which authorize the issuance
and/or delivery of Advance Notes (sometimes called "Advance Loan
Notes" ) pursuant to the Annual Contributions Contract remain in
full force and effect.
Section 4. This Resolution shall take effect immediately.
PASSED AND ADOPTED this 25th day of September, 1989.
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Bernard L. McK
y, Mayor
ATTEST:
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Lamy P. Burger, City'"Clerk/Auditor
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