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Home My WebLink About13455 ORD - 10/27/1976MLM:vmr:10- 25- 76;lst AN ORDINANCE AUTHORIZING THE CITY MANAGER TO EXECUTE AND THEREBY ENTER INTO A CONTRACT WITH THE CORPUS CHRISTI HOUSING IMPROVEMENT CORPORATION WHEREIN THE CORPORA- TION IS TO PROVIDE CERTAIN SERVICES AS DETAILED; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO EFFECTUATE THE PURPOSES OF SAID CONTRACT; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. The City Manager is hereby authorized to execute a contract on behalf of the City of Corpus Christi with the Corpus Christi Housing Improvement Corporation to provide certain services as detailed therein, a copy of said contract being attached hereto, marked Exhibit A, and made a part hereof for all purposes. SECTION 2. The City Manager is hereby further authorized to execute any and all documents necessary to effectuate the purposes stated in the above described contract. SECTION 3. The necessity to improve housing conditions generally within the City of Corpus Christi 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 such emergency and necessity to exist, and having requested the suspension of the Charter rule and that this ordinance take effect and be in full force and effect from and steer its passage, IT IS 2 (,G ACCORDINGLY SO ORDAINED, this the e day of � 1976 ATTES' city Secretary MAYOR /� THE CITY OF CO US CHRISTI, TEXAS �AY OF OCTOBER, 1976 J. BRUCE AYCOCK, CITY ATTORNEY Assistant City -Attorney MICROFILMED JUN 3 019 13455 EM 10 -27 -76 THE STATE OF TEXAS COUNTY OF NUECES d WHEREAS, the City of Corpus Christi from time to time will receive monies from the Federal government under Community Development Block Grant Program specifically earmarked for housing improvement purposes within the City; and WHEREAS, the Corpus Christi Housing Improvement Corporation was duly chartered by the State of Texas on October 7, 1976; and WHEREAS, the Corpus Christi Housing Improvement Corporation desires to contract with the City of Corpus Christi to carry out certain housing functions within the City as provided by both State and Federal law and Federal regulations; and WHEREAS, the City of Corpus Christi will be benefited by contracting with the Corpus Christi Housing Improvement Corporation to accomplish these housing improvement purposes; and WHEREAS, the Corpus Christi Housing Improvement Corporation (hereinafter called Corporation) and the City of Corpus Christi, Texas (hereinafter called City) do hereby desire to initiate a loan program for the express purpose of improving housing conditions within the City as soon as possible, NOW, THEREFORE, City and Corporation do hereby contract and agree as follows: I Corporation hereby agrees to: 1. Provide services to City, to consist of overall administra- tion of a loan fund. Said fund shall consist of a grant received by the City under authority of the 1976 Community Development Block Grant Program, and be in the amount of $500,000. 2. Corporation hereby agrees to review and approve or disapprove loans after initial review and approval by City staff and the Community Development Corporation. Loan applications approved by the staff and the Community Development Corporation shall be forwarded to the Board of Directors of the Corporation for review. Corporation may designate, by motion of the Board of Directors, a person or persons to review said loan application and make recommendations to the Board of Directors relating thereto. 3. Corporation hereby agrees that all its activities and decisions shall be in compliance with all Federal regula- tions relating thereto. 4. Corporation is not restricted from applying for any program, either State or Federal, other than the Community Development Block Grant Program, insofar as its corporate purpose permits. 5. Corporation is not restricted from manaqement of any projects resulting from or entered into as a result of subparagraph 4 above. 6. A loan manual is attached hereto, styled Exhibit "A ", and made a part hereof, and Corporation hereby agrees, in its function of approval or disapproval of loans forwarded to it, to comply with the guidelines established in said manual. The loan manual may be amended from time to time, but only after approval of the City Council of the City of Corpus Christi, Texas. 7. This contract shall in no way restrict Corporation from entering into other necessary contracts to effectuate the purposes of this contract, or in no way restricts the powers of Corporation as indicated in the Articles of Incorporation and Charter granted by the State of Texas. 8. Payments on interest and principal of loans made by Corpora- tion and other income derived as a result of loan activities shall be used in the same manner as provided herein and in accordance with Federal law. 9. Corporation agrees to accept final certification of any work approved by the Community Development Corporation or to advise Community Development Corporation promptly, in writing, of any reasons for nonacceptance. II City agrees to: 1. Establish accounting procedures for administration of the loan fund to assist the Corporation in carrying out its stated -2- purposes and to provide accounting and legal services to the Corporation. 2. City agrees to provide administrative and technical staff necessary to carry out the stated functions of the Corporation. 3. City agrees to compile and prepare loan packages (to include applications, etc.) and forward same to the Community Develop- ment Corporation for review. There exists a contract between City and the Community Development Corporation providing that the Community Development Corporation shall review said loans and loan packages and forward same to Corporation. City agrees to account for any monies received by Corporation under this contract, and to account for same separately. In the event Corporation obtains capital from other sources than Community Development Block Grant Funds, such capital from other sources shall be accounted for consistent with Federal Community Development Block Grant regulations. 5. City agrees, in consideration hereof, to pay to Corporation funds, in increments as loans are approved in amounts equal to the loans approved, received from the Department of Housing and Urban Development as provided in the Community Development Block Grant Program. Corporation shall use these funds as provided in this contract and in accordance with the Charter of the Corporation. . III This contract shall be for a term of one year, to begin October 27, 1976 and to expire October 26, 1977. ATTEST: CITY OF CORPUS CHRISTI .. I ....... ... .. B . y City Secretary R. Marvin Townsend, City Manager APPROVED: ' DAY OF " " 1976: J. BRUCE AYCOCK, CITY ATTORNEY By Assistant Ci ty Attorney ATTEST: CORPUS CHRISTI HOUSING IMPROVEMENT CORP. President ri CORPUS CHRISTI p TEXAS ,9i-,d--AY OF eet4zw l 9 n/ TO THE MEMBERS OF THE CITY COUNCIL CORPUS CHRISTI TEXAS FOR THE REASONS SET FORTH IN THE EMERGENCY CLAUSE OF THE FOREGOING ORDINANCES A PUBLIC EMERGENCY AND IMPERATIVE NECESSITY EXIST FOR THE 3U3PEN- 31ON OF THE CHARTER RULE OR REQUIREMENT THAT NO ORDINANCE OR RESOLUTION SHALL BE PASSED FINALLY ON THE DATE IT IS INTRODUCED AND THAT SUCH ORDINANCE OR RESOLUTION SHALL BE READ AT THREE MEETINGS OF THE CITY COUNCIL; I, THEREFORE, REQUEST THAT YOU SUSPEND SAID CHARTER RULE OR REQUIREMENT AND PASS THIS ORDI- NANCE FINALLY ON THE DATE IT IS INTRODUCED, OR AT THE PRESENT MEETING OF THE CITY COUNCIL. RESPECTFULLY MAYOR THE CITY OF CDR CHRISTI, TEXAS THE CHARTER RULE WAS SUSPENDED BY T FOLLOWING VOTE: JASON LUBY DR. BILL TIPTON EDUARDO DE ASES RUTH GILL BOB GULLEY GABE LOZANO, SR. Uwl EDWARD L. SAMPLE THE ABOVE ORDINANCE WAS PASSED BY T E FOLLOWING VOTE: JASON LUBY DR. BILL TIPTON EDUARDO DE ASES RUTH GILL BOB GULLEY alit, GABE LOZANO, SR. EDWARD L. SAMPLE