HomeMy WebLinkAbout13913 ORD - 08/31/1977jkh:8- 30 -77; 1st
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AN ORDINANCE
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AUTHORIZING THE AMENDMENT OF CHAPTER 3, PARAGRAPH 4
OF THE HOUSING REHABILITATION LOAN HANDBOOK, SAID
AMENDMENT TO INCREASE THE MAXIMUM AMOUNT OF INTEREST -
FREE, DEFERRED PAYMENT LOANS FROM THE CURRENT $3,500
TO $5,000, A SUBSTANTIAL COPY OF THE PROPOSED AMEND-
MENT BEING ATTACHED HERETO AND MADE A PART HEREOF,
MARKED EXHIBIT "A "; AND DECLARING AN EMERGENCY.
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BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS: `4
SECTION 1. That authorization is hereby given to amending Chapter 3,
paragraph 4 of the Housing Rehabilitation Loan-Handbook, said amendment to
increase the maximum amount of interest -free, deferred payment loans from
the current $3,500 to $5,000, all as more fully set forth in the proposed
amendment, a substantial copy of which is attached hereto and made a part
hereof, marked Exhibit "A ".
SECTION 2. Except as herein provided, all other terms and condi-
tions as set forth in the aforesaid Handbook shall remain unchanged and shall
be in full force and effect.
SECTION 3. The necessity to authorize amendment of the aforesaid
Handbook in order to increase the amount of interest -free, deferred payment
loans in order to improve housing conditions for those needy applicants desiring
to upgrade their housing conditions creates a public emergency and an imperative
public necessity requiring the suspension of the Charter rule that no ordinance
or resolution shall be passed finally on the date of its introduction but
that such ordinance or resolution shall'be read at three several meetings of
the City Council, and the Mayor having declared that such emergency and
necessity exist, and having requested that said Charter rule be suspended
and that this ordinance be passed finally on the date of its introduction a'nd
take effect and be in full force and effect from annd� after its passage, IT
IS ACCORDINGLY SO ORDAINED, this the31,:,t__day of ldi�n�, 1977.
ATTEST:
City Secretary
APPROVED:
TDAY OF 1977:
J. BRUCE AYCOCK, ITY ATTORNEY
By
Assistant Attorney
MAYOR.
THE CITY OF CORPUS CHRISTI, TEXAS
This ordinance is in effect at . ;
-force with or without the
signature of the Mayor,, in
'accordance with Article II
Section 6 of the City Charter..
L,
WORMED
Ira9111
JUL 0 7 1sso
V
AMENDMENT OF HOUSING REHABILITATION LOAN HANDBOOK
I. Effective Date: Cl - L 77 2. Amendment Number: I
3. Description of Amendment:
Chapter 3, Paragraph 4 amended as follows: I /
Persons eligible'for Supplemental Security Income under
'the Social Security,Act will be eligible to receive interest -
free loans notaexceeding $5,000, with all payments deferred,
as long as they'own and live on the property. Insurance and
tax escrow requirements will be waived.
Except as provided herein, all other terms and conditions as set forth in the
Housing Rehabilitation Loan Handbook will remain unchanged and in full force
and effect.
4. Signatures:
Approved:
day o 1977
Byy/5
.City Attorn
*da o 1977
B
arold Zick, Direc or f Finance
day Of , 1977
Ernest M. Briones, Director
Planning and Urban Development
_ . CZ[_,
R. Ma vin ♦ Towns d, City Manager
Date Signed
Attest:
BI-ir G. Read, City Secretary
39 r AUTHORIZED
BY coUHCIL...
' . � SECRETARY