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HomeMy WebLinkAboutRes1972-884 I' RESOLUTION OF TIlE CITY OF SEWARD, ALASKA, APPROVIN(; AND PROVIDING FOR THE EXECUTION OF AN M1ENDATORY CONTRACT MIENDIN(; LOAN AND CAPITAL GRANT CONTRACT NO. ALASKA R-2l(C) (LG) AUTIIORIZING THE ACCEPTANCE OF A DEED TO THE CITY OF SEWARD AS SUCCESSOR IN INTEREST COVERING UNSOLD LANDS ACQUIRED IN PRO.JECT ALASKA R-21 AND PROVIDING FOR A POSTCLOSEOIlT IIARKETING PROGRA~! RESOLUTION NO. 884 WHEREAS, under Title I of the Housing Act of 1949, as amended, the United States of America ("Government") tendered to the Alaska State Housing Authority ("Local Public Agency") a Loan and Capital Grant Contract, pursuant to which the Government extended certain Federal Financial Assistance to the Local Public Agency in connection with the Urban Renewal Project described therein; and WHEREAS, all Urhan Renewal Project activities and Urban Renewal Plan objectives and requirements as contemplated by the Loan and Capital Grant Contract and as called for in the Urban Renewal Plan, have been successfully accomplished, completed and carried out, except for the sale and redevelopment of Project Land held by the Local Public Agency for private redevelopment; and WHEREAS, pursuant to Section I06(i) of Title I of the 1I0usin~ Act of 11l49, as amended, the Government has determined with respect to the Urban Renewal Project that the Local Public Agency does not expect to be able in the reasonably near future, due to circumstances beyond its control, to dispose of the remaining unsold project land and that all other project activities are completed except local grant-in-aid activities designated in the third provis to Section IIO(d) under the conditions specified therein, and that a closeout of the Urhan Renewal Project would be in the financial interest of the Federal Government; and WHEREAS,pursu'lnt to the said determination hy the Government under Section I06(i) of Title I of the Housing Act of 1949, as amended, the Government has tendered to the Local Puhlic Agency and the City of Seward a proposed Amendatory Contract pursuant to which the Government would extend an Early Closeout Grant, in addition to the Capital Grant otherwise payable, of one-fourth of the estimated disposition proceeds of the remaining unsold land and an additional Capital Grant to pay the remaining three-fourths of the estimated disposition proceeds of said unsold land in order to facilitate the early closeout of the Urban Renewal Project; and WHEREAS, under said proposed Amendatory Contract the Local Public Agency shall, among other things, transfer the remaining unsold land to the City of Seward, as the Local Public Agency's successor in interest; and WHEREAS, under AS 11\.55. nn the Local Public Agency is empowered to delegate to the City certain powers or functions of urhan renewal, including the disposition or sale of urban renewal property, and the City is empowered to perform said powers or functions; and WHEREAS, under said proposed Amendatory Contract, Section I06(i) of Title I of the Ilous ing Act of l'HIl, as amended, and the rules and reRulations of the Department of Ilousinp, and Urban Development, the City as the Local Public A!l:ency's successor in interest will be required to take certain actions with respect to the unsold project land. and various other records and fi les to be transferred to the City by the Local Public Agency; and ... WHEREAS, the City has given due consideration to said proposed Amendatory Contract: , I ~ I " f, I r , NOW, THEREFORE, BE IT RESOLVED By the City Council of the City of Seward AS FOLLOWS: SECTION 1. The pending proposed Fourth Amendatory Contract hy and among the Alaska State 1I0us ing Authori ty ("Loca 1 Puh lic Agency"), the Ci ty of Seward ("Ci ty"), and the United States of America ("Government"), Amending Loan and Capital Grant Contract No. ALASKA R-21(C)(LG) dated the 31st day of August, 1964 (as heretofore amended), is hereby in all respects approved. SECTION 2, The Mayor is herehy authorized and directed to execute the Amendatory Contract in two counterparts on behalf of the City, and the City Clerk is herehy authorized and directed to impress and attest the official seal of the City on each such counterpart and to forward such counterparts to the Department of 1I0using and Urban Development, for execution on behalf of the Government, together with such other documents relating to the approval and execution of such counterparts as may be required by the Government. SECTION 3. The Deed conveying the unsold project land to the City, as the Local Public Agency's successor in interest, which Deed is in the form as shown in Exhibi t "A" attached hereto and made, a part hereof for all legal purposes, is hereby in all respects approved and accepted. SECTION 4. The City hereby approves and accepts the transfer from the Local Public Agency to the City, as its successor in interest, of such of the Local Public Agency records, files, escrow deposits, and all other documents or accounts of record held by the Local Public Agency as may be necessary and incidental to the orderly winding up and termination of Agency activities and hereby appoints and directs the City Clerk to administer and oversee same. SECTION 5. a. With respect to the unsold project land, the City shall p~rsue a postcloseout marketing program, acceptable to the Department of Housing and Urban Develop- ment, to dispose of it as rapidly as possible under the circumstances, which program shall provide for: (1) Semi-annual on-site review with lIDO personnel of the remaining unsold land. (2) Submission to 1I11D of a semi-annual report which shall identify by reuse: (a) All parcels conveyed and prices received during the reporting period. (b) All parcels under contract of sale and the contract price. (c) All parcels not yet sold with an estimate of value for each. (3) Steps to he taken during the next 6-month period to dispose of any remaining land and to overcome any obstacles that exist. (4) Maintenance of property in presentable condition to promote its sale. HUD concurrence in all interim uses of the property is required. (5) Disposal of all remaining land in accordance with outstanding HUD land marketing requirements in effect during the period in which any sales are made. ; " ~ ,I ,1 ~ "I (6) James R. Fi lip, Ci ty ~fanager, is hereby appointed and directed to supervise the disposal of the land, maintain all records related thereto, he familiar with the appropriate operating requirements of the Department of Housing and Urban Development as exist from time to time, ~.1 ~1 ,.."; -2- ...,._~.>~'t~",,,,,~,,,,,,... ' . --- ._,.----..-..,...,~ , ~--' r 1 SECTION 6, This Resolution shall take effect immediately, Passed,and approved by tl\crCommon Council of the City of Seward, Alaska this ,) day of , 1973. ATTEST: /\ I I " . '. ,.. ! ~ J,j i i ~, 1 ,', r; !i r.:'~f CITY Or; SI;WARD, ALASKA ! , .. 7.;,..'')-1-1./ ,~, F. Richardson Mayor ,Ii -3-