Minutes 07/12/1940 - Laserfiche WebLink

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July 12th~ ~940. CO-6.WERAT, ION AGREEMENT BETWEEN. THE OITY OF PORTSEOU~H, VIRGINIA AND T~ ROUSING AUTHORITY DF THEOI~OF PORTSNO~H. ~. ~he United States Housing Authority ~s e~arked the s~ of $3,000,000. for t~ use of the Housing Authority of ~ Oily of Portsmouth ~ develepi~ housing proJeoGs; W~, the Hou~ Aut~rity of the-0ity of Portsmouth proposes to develop ~d a~inis~er. In the 0ity of Portsmou~, Virginia, a ~usi~ p~Jec~ Zo be lden~i - fled as US~ -Aided P~Jec~ Nos. VA 1-1 ~d 1-2, consisting of ~ developments, one of which developments is to be identified as P~Jec~ Nos. VA-I-1 and will provide approximately 300 safe ~ s~i~ dwelling ~ts and one of w~ch developments is to be iaentified as P~Ject Nc. VA-l-2 and will p~vide appositely, ~0 $~e ~d s~ita~ ~elli~Its; ~d ~E~. ~he U~Alded p~jec~ Nos. VA 1 1 ~d 1-2 will be used to p~ vide ~uslng for persons engaged in natio~ defense activities until ~e emergency created by ~tlonal defense aotivi$1es In ~he locality of ~he City of Portsmouth no longer re.ires t~ USa-Aided P~jeot Nos~ VA 1-1 and I-2 be used for such pu~oses; and ~, ~here~er US~-~ded P~Ject Nos. VA 1-1 ~d 1-2 ~ll be used ~o p~vide decent, s~e ~d s~ta~ dwellings %~h~ the fin~oi~ reach of fmmilies of low income; ~ ~, the USUry make ~nu~ contri~tions av~l~le to ~e Hous- ing Authority of ~e City of Port.ouCh to assist in ac~evlng ~d maint~ning the low-rent character of US~-~ded P~jec~ Nos. VA-l-1 ~d ~-2; ~d ~. ~he U~-~ded P~Jeet Nos. VA-l-1 ~d !-2-v~ll not cost ~e th~ appro~tely $2,160,O00; ~d '~E~, app~ximately $8~0,O00. will ~ available to the Authority for the deve!opmen~ of a low-ren~ housing ~d sl~ clear.ce proJec$ on a site on which ~e n~ber of unsafe ~d lns~iGa~ dwelling units ~_ll be subst~tially equ~ in n~ber to the n~ber of dwelling units ~o be p~o~ded by such low-ren~ ~usi~ ~d s!~ clear, ce project; ~d W~ ~e Housing Aut~ri~y of the Oily of Portsmouth p~noses to,se s~d $8~.000. of She ~nds re~ining f~m s~d e~ma~king of $3,000,000. ~o develop a low rent ~using ~d slum-clear.ce p~Ject w~ch ~ll p~vide net ~9 exceed 200 new dwelling ~i~s NOW, T~FO~, ~e Housing Aut~rity of the Oity of Portsmouth (herein- ~er called the "AuZhorlty") ~d the City of Po~smou%h, Virginia (herein~ter c~led ~he "0ity") do he.by agree as follows: 1. ~ te~ "P~Jec~" ~al! mean t~ low-~n~ ~using ~d slum-clear - ~ce p~Jeet ~nsist~g of noZ mo~ t~ 2~ new dwe!li~ ~ts to be developed by %he Autho ri~y f~m ~he b~ee of the $3,000,000. ea~rking~t used in ~he development of U$~-Aided Project Nos. VA-l-1 ~d 1-2. Z. The 0ity s~l furnish (without ~s~ or c~e ~o ~he Authority or to ~e tenants of the P~Jec~, with ~ exception~of the nor~l ~rges for ~ter ~d any ~ for sew~e ~rea~men$ ~d dispos~ ~ich ~y hereafter be imposed ~nd %he ~c~ So.ice 0h~ge as herein~ter provided) municip~ so.ices, i~vemen~s and facilities for Z~ p~Ject and the ten.ts ~hereof of the s~e ~haracGer as ~ose ~rnis~d for other dwellings an~ i~bi - rants of the 0ity, including but not limited to fire. police ~d ~th pro%co%ion ~d set - vices, stree~ ~inte~nce, fire hydran~ se~ice, ~he collection and di~oos~ of garble,trash ~d a~s for the P~Ject and the ten.ts ~e~of, street ~gh%i~, wa%er supply ~d ~stribu- tion facilities ~d s~ se~ice~ ~d s~oo~.~ eduoa~ional.se~ic~s ~ facilities as ~e fu~ished by the S~ool Boa~of the 0ity. =ne OiGy s~ll ~mnt~n mn ~od repair ~d %Drking orcer any ~d all m~cip~ facilities provided by i~ for ~e use and benefit of the P~Ject ~d t~ ten.ts ~hereo~d s~ll maint~n In ~od repair ~e s~reets, r~ds mud alleys adJa- c~t to or wi~in the ~.~d~ies of the P~Jec$ and used by ~he public. 3- For %he munic~ ~lces, improvements and facilities fur~shed by the City for ~hw P~Ject ~d ~he te~n~s thereof pursuit to~ ~he p~visions of p~raph 2 of t~s Agreement. ~e Aut~ri~y s~ll pay $o ~he Olty ~nuallv as.a part of the ~s~s of opera- Sion In lieu of t~es ~d In lieu of other fees o= charges %w~tn the exception of the no~al ch~ges for water ~nd ~y t~ for sewage treatmen~ 9M ~sposal t~t may hereafter be ~pesed) a ~ (hereinafter ~led the "Local Service 0hargg"~ equ~ to 3 per cen~um of the ~egate income derived by the Authority f~m shelter rent (b$ing the tot~ of all rents eh~geable, exclu~ng the ch~ges for utilities such as heat. electricity, gas ~d water) fmom the ProJec~ during ~he p~ce~ c~enaa~ year, suek~cal Service G~rge to be payable In advance on the fi~ ~y of J~ry nex~ succee~ng ~e ~te when the Project Is subst~uti~ly ~mplete ~d ready for occupancy ~d ~nually thereafter on the first day of Janua~. For the year in ~ioh such p~Ject is completed the "~c~ Service O~ge" s~ll ~ p~-rated and paid to the City as soon as ~ffioient funds ~e received by the Authority. ~. The Au~rl~y ~es ~hat the P~Ject s~ll be const~cted on a site ~r si~es on whi~ ~he n~ber of unsafe or ins~ita~y dwelli~ ~its is subst~tially equ~to the n~ber of dwellimg ~its to be p~vided by the P~Jec~, and t~t'the ~s~e or ins~itary dwelling ~its situated on the site or ~%es of the P~Jec~ sha~ be demolished by the Autho -~ rity during the development of the P~Jec~. 5- ~e Oity agrees to waive such building and inspection fees as might ~a~ble b~ th6 Aut~rity ~ it is or becomes 'subject to ~he payment of such fees, ~d agree~ be$o ~ s~e~exc~tions from buil~ re~ions ~d ordin~ces/as are fo~d ~ the Au~ori~y~ to ~ meeessa~' in t~e developme~ of th~ P~J~c~.. ~ . 6. ~e Authority ~ees~ ~a) T~t it will use its oest efforts to de - velop the projec~ ~ rapidly as possible, and t0 keep the Oity ~lly informed as to the status~ of the project. (b) T~ in ~yi~ out new streets and parkways it ~ll do all work~ neeess~y for the completion of the s~e Lu a pe~ent and satisfactory manner ~d to ~e sat~ lsfae~ion of the Oi~y~in~r of ~he 0ity, and t~t it ~ll ex~end ~l necess~y water pi~es~ ~d~sewer lines as a~r~ of the p~ject, ~d ~t the Oity will ~t be ~quired to ~ke any caoit~ e~enditures in ~he construction of ~he p~Ject~ er othe~se. - (c) T~t it will ~rnish ~o the Oity annu~ly fi~ncial statements ,f~its opera,ions, and i~ will pe~t its boo~ t0 ~ audited by auditors employed By ~e Oity~ upon request. ~