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A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A CO- <br />OPERATION AGREEMENT WITH THE PORTSMOUTH REDEVELOPMENT AND HOUSING <br />AUTHORITY IN REFERENCE TO THE EFFINGHAM PROJECT (VA. R-72). <br /> <br /> WHEREAS, the Portsmouth Redevelopment and Housing Au- <br />thority approved on March 12, 1973, a Conservation and Redevelop- <br />ment Plan for the Effingham Project, Va. R-72, and on the same <br />date authorized the execution of a Cooperation Agreement between <br />the Portsmouth Redevelopment and Housing Authority and the City <br />of Portsmouth for said Project; and <br /> <br /> W~IEREAS, this Council has likewise approved the Con- <br />servation and Redevelopment Plan for the Effingham Project, Va. <br />R-72; and <br /> <br /> ~EREAS, it is necessary for the City of Portsmouth to <br />make assurances that it will make certain improvements or pay <br />certain monies to satisfy its local grant-in-aid requirement to <br />said Project; and <br /> <br /> WHEREAS, a Cooperation Agreement, evidencing agreement <br />between the Portsmouth Redevelopment and Housing Authority and <br />the City of Portsmouth, has been prepared which sets forth the <br />City's financial responsibilities in the undertaking of said <br />Project. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED that the Cooperation <br /> Agreement for the Effingham Project, Va. R-72, between the Ports- <br /> mouth Redevelopment and Housing Authority and the City of Ports- <br /> mouth is duly approved and the City Manager is authorized to <br /> execute on behalf of the City said Cooperation Agreement, and <br /> the City Clerk is directed to attest and affix the seal of the <br /> City to the same. <br /> <br /> Adopted by the Council of the City of Portsmouth, Vir- <br /> ginia, at a meeting held March 12, 1973. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />