HomeMy WebLinkAbout1987-140-04.06.1987 RESOLUTION NO. 1987-140
RESOLUTION AUTHORIZING EXECUTION OF ANNUAL
CONTRIBUTIONS CONTRACT.
WHEREAS, the City Council of the City of Waterloo acting as
Waterloo Housing Authority (herein called the "Local Authority")
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:
r.
o BE IT RESOLVED BY THE LOCAL AUTHORITY AS FOLLOWS:
•. ' Section 1. The Annual Contributions Contract in substantially the
for
contract hereto attached and marked "Exhibit A" is hereby approved and
of
o 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
a°- 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
a 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 t
Reso- lotion, the same, unless the context shall indicate another or his
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 6th day of April , 1987 and approved by the
Mayor this 6th day of April , 1987.
Bernar L. McKin y, M 'yor.
ATTEST:
La y P. rger, i Clerk Auditor
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