HomeMy WebLinkAboutNo. 0448 approving/providing for local execution of a proposed neighborhood development program contract consisting of a funding agreement, master agreement and other documents made part of contract by reference or attachment for project A-10M
RESOLUTION #448
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RESOLUTION OF SOUTH BEND REDEVELOPMENT COMMISSION GOVERNING BODY OF CITY
OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT APPROVING AND PROVIDING FOR LOCAL
EXECUTION OF A PROPOSED NEIGHBORHOOD DEVELOPMENT PROGRAM CONTRACT CONSISTING
OF A FUNDING AGREEMENT AND MASTER AGREEMENT AND OTHER DOCUMENTS MADE PART OF
CONTRACT BY REFERENCE OR ATTACHMENT FOR PROJECT A -10
WHEREAS, under Title I of the amended National Housing Act of 1949, the
United States of America (herein called "Government ") has tendered to the
South Bend Redevelopment Commission Governing Body of City of South Bend
Department of Redevelopment (herein called "Local Public Agency ") a proposed
Contract for Neighborhood Development Program designated Ind. A -10 to aid in
financing such Program by means of grant and loan from the Government to the
Local Public Agency;
WHEREAS, the Contract consists of a Funding Agreement based on HUD -3159B and
of a Master Agreement which is HUD -3159A as amended to the present and of
Federal Labor Standards Provisions which is HUD -3200 as amended to the
present and other documents made part of Contract by reference or attachment
described in the above - identified contractual.documents;
WHEREAS, the Local Public Agency has received and given due consideration to
every part of the proposed contract;
WHEREAS, the Local Public Agency is duly authorized under and pursuant to the
Constitution and statutes of the State of Indiana to undertake and carry out
said Program and to execute such proposed Contract; and
WHEREAS, under said proposed Contract the Local Public Agency is required,
among other things, with respect to this Program to set up promptly and to
maintain in one or more banks which are members of the Federal Deposit
Insurance Corporation a separate and special account designated "Neighborhood
Development Program Expenditures Account; Program Ind. A -10 ", into which
account shall be deposited certain funds described in said proposed Contract:
BE IT RESOLVED BY The South Bend Redevelopment Commission Governing Body of
City of South Bend Department of Redevelopment, South Bend, Indiana as follows:
Section 1. The PROPOSED CONTRACT for Neighborhood Development Program Ind.
A -10, CONSISTING OF FUNDING AGREEMENT AND MASTER AGREEMENT AND OTHER DOCUMENTS
and by which the United States will make grant payments and loan payments in
an aggregate amount up to One Million, Thirty -Seven Thousand, Five Hundred
Dollars ($1,037,500) to the Local Public Agency in accordance with said Title
I and other Federal law including the Uniform Relocation Assistance and Real
Property Acquisition Policies Act of 1970, IS HEREBY APPROVED in all respects
for Program Ind. A -10 in the City of South Bend, Indiana.
Section 2. The PRESIDENT of the Redevelopment Commission is hereby authorized
and directed to execute the Contract by signing two conterparts of the Funding
Agreement and signing two counterparts of the Master Agreement on behalf of the
Local Public Agency, and the SECRETARY is hereby authorized and directed to
attest each such execution and the EXECUTIVE DIRECTOR is hereby authorized and
directed to send such counterparts to the United States Department of Housing
and Urban Development along with such other documents relative to the approval
and execution of the Contract as may be requested by the Government.
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RESOLUTION #448
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Section 3. The Local Public Agency agrees to abide by all the provisions,
terms and conditions of the Contract.
Section 4. With respect to Program Ind. A -10 there is hereby authorized
to be established promptly a separate and special fund, designed
"Neighborhood Development Program Expenditures Account; Program Ind. A -10 ",
which shall be maintained in one or more banks which are members of the
Federal Deposit Insurance Corporation. All funds which, by the terms of
the Contract, are required to be deposited in such Account shall be
promptly deposited therein.
Section 5. This Resolution shall take effect immediately as of today,
May 4, 1973.
Adopted at a regular meeting of the South Bend Redevelopment Commission
10:30 A.M., May 4, 1973, at the office of the Commission, Room 1200
County City Building, 227 West Jefferson Boulevard, South Bend, Indiana, 46601.
Secretary - Rev. Willie V. Williams
SEAL
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
Pr ent - Fred J. Helmen