HomeMy WebLinkAboutR-80-0140FEB2 8 1980.
80-14
Ruounm Na....................
2.
(b) Pursuant to - the Basic Agreement, the City and
the County will approve a revised financial plan for
Housng.Project Dade 8-6 (Riverside) and Housing Pro-
ject Dade 8-7 (Co'conu Grove) (the '!Housing Projects,").
(c)..The Housing Ped rojects are he'reby;'det.erminto
be "Housing" as defined in the Basic Agreement.
(d):.The proposed: residents .of the.Housing Projects'
are fau�i ies and -persons .'eligible for assistance under
Section 8 of the United S ates Housing Act of '1931T, as
amended ("Section"8"), and such 'am, les and persons
are hereby deterr�ii nod to be "``families" and :persons;
incl'udirrg the elderl ��, ,of lour or modsrate ,.income" as
defined in the Basic,Agreemen't an'd Ordinance No. 851�'
of the Clts• (the "Ci.ty Ordinance") au* hori z:n said
L�
housing bonds of'the City (thee "City Bonds") .
lajn
accordance with ;the Basi'-c Agreement, the
City has"ob,.a_ned and given due consid-ration toe
i c
o; i ni or. cf'counsol for the Ci uplonhleg_li ty o:
Qthe
Hous_n_ ?rojects undar anplic.ble 1a:, the Cit,*
Ordinance an'd the Basic Agreement.
(`) The City• hereby, determines- that the Hous : -
Projects wil`1 be self-licuidating in. that' thepay;ne.^.;
of the principal of and interest on the County Obeli"ga
tions issuea and the .Additionai County Oration`S
to be issued to .,finance the Housing Projects can'be
paid in full from.rents.to be colleced by the Coun:v`
therefor, together with Federal housing assistance
payments to`be made available therefor under Section 8.
` any, 'pro ous(exclusive of bonds of. the
-
City).
- _._... 80-140
Supplemental Project Contract all con orm to, and: are not 1 n
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