HomeMy WebLinkAbout1990-637-11.13.1990 RESOLUTION NO. 1990-637
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 in
substantially the form of contract hereto attached and
marked "Exhibit A" 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 13th day of November, 1990.
43-6-Inn
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Bernard L. 1&KinleY, Y ..Ma y oY
ATTEST:
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Michelle Temeyer, Deputy ity Clerk/Auditor