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HomeMy WebLinkAbout1972-04-19 - Minutes - Archive• MINUTES OF REGULAR MEETING OF THE HOUSING AUTHORITY OF THE CITY OF FAYETTEVILLE, ARKANSAS The Housing Authority of the City of Fayetteville, Arkansas, met in regular session at 10:00 o'clock A.M., on Wednesday, April 19, 1972, in the office of the Housing Authority, 226 North Block Street, Fayetteville, Arkansas. On roll call the following members were present: Messrs: Whillock, Shelton, Gould, and Douglas Absent: Baxter Others Present: Ora Belle Rollow, David Faught and David Horne. There being a quorum present, the following business was transacted. The minutes of the regular meeting of February 16, 1972, and the minutes of the March 10, 1972, special meeting were approved by motion of Mr. Douglas, seconded by Mr. Shelton and carried unanimously. The financial report for February and March were approved by motion of Mr. Shelton, seconded by Mr. Douglas and carried unanimously. The Chairman presented Resolution No. 88.hereby attached for • consideration: RESOLUTION No, 88 RESOLUTION AUTHORIZING EXECUTION OF IN- VESTMENT AGREEMENT Mr. Douglas moved that the Resolution be adopted and seconded by Mr. Shelton and the vote recorded: AYES: Whillock, Shelton, Gould and Douglas NAYS: None The Chairman thereupon declared the motion carried and the Resolution adopted unanimously. The Chairman presented Resolution No. 89 hereby attached for consideration: RESOLUTION No, 89 RESOLUTION AUTHORIZING EXTENSION OF CONTRACT WITH SULLIVAN AND GABEL. Mr. Douglas moved that the Resolution be adopted and seconded by • Mr. Shelton and the vote recorded: AYES: Whillock, Shelton, Douglas, and Gould NAYS: None • Page 2 The Chairman thereupon declared the motion carried and the Resolution adopted uannimously. The Chairman presented Resolution No. 90 hereby attached for consideration. RESOLUTION NO. 90 RESOLUTION AUTHORIZING EXECUTION OF CON- TRACT FOR LAUNDRY SERVICES After considering the proposals submitted, Mr. Shelton moved that Resolution be adopted and the contract be awarded to Grover C. Thomas and that the Chairman be authorized and directed to execute the contract. Mr. Shelton seconded the motion and the vote recorded: AYES: Whillock, Douglas, Gould, and Shelton NAYS: None The Chairman thereupon declared the motion carried and the Resolu- tion adopted unanimously. • Mrs. Rollow informed the Board that Paul Kinsey from the HUD Area Office will be in Fayetteville, April 28, 1972, to inspect the High Rise. If no deficiencies are found to exist it may be possible that the building can be accepted as of that date. Mr. Faught presented a request to the Board from McIlroy Bank requesting the Housing Authority to acquire and demolish the structure located at 18 North Block. It was the determination of the Board that this action would be inappropriate in view of the Bank's proposed usage of this property. Mr. Faught advised the Board that the second acquisition appraisals were being finalized and fair market values could be established in the near future. At this point the Board went into Executive Session to discuss personnel matters. After a brief interval the Board of Commissioners resumed its open meeting whereupon Mr. Douglas moved that the following salary increases be made effective April 1, 1972: Ora Belle Rollow David Faught Hilda Shuffield $950.00 per annum 950.00 per annum 600.00 per annum Mr. Gould seconded the motion and the following vote recorded: • Page 3 AYES: Whillock, Gould, Douglas and Shelton NAYS: None Mrs. Rollow requested that the expenses of Mr. Bromo Wilson, a new employee, be allowed for attendance at a workshop on March 8 and 9, 1972, in Little Rock prior to the time of the reporting to duty March 15, 1972, as Controller for the Authority. This workshop was considered to be very beneficial to the Authority and the matter was discussed with the auditing department at HUD Area Office prior to these dates. Mr. Shelton moved that we pay Mr. Wilson the $43.75 incurred for expenses. Mr. Douglas seconded the motion and the vote recorded: AYES: Whillock, Gould, Douglas and Shelton NAYS: None There being no further business the meeting was adjourned. APPROVED: • CHAIRMAN ATTEST: SECRETARY a • RESOLUTION RESOLUTION AUTHORIZING EXECUTION OF INVESTMENT AGREEMENT WHEREAS, The Housing Authority of the City of Fayetteville, Arkansas, and the United States of America have entered into a Contract for Loan and Grant dated February 11, 1972, in conjunction with the Center Square Urban Renewal Project, No. Ark. R-105 (L$G); and WHEREAS, pursuant to said Contract the Housing Authority is required to invest certain funds in the manner specified by the Department of Housing and Urban Development. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE HOUSING AUTHORITY OF THE CITY OF FAYETTEVILLE, ARKANSAS: • ATTEST: (1) That the attached Investment Agreement is hereby approved and adopted. (2) That the Chairman is hereby authorized and directed to execute said agreement. PASSED AND APPROVED THIS Lq LC DAY OF 1972. • APPROVED: / /r , VJ INVESTMENT AGREEMENT is THIS AGREEMENT, entered into this 4th day of April , 1972, by and between Housing Authority of the City of Fayetteville, Arkansas (herein called the "Local Public Agency"), a duly organized and existing public body corporate and politic of the State of Arkansas and McIlroy Bank (herein called the "Bank"), located at Fayetteville, Arkansas. WITNESSETH: WHEREAS, the Local Public Agency is undertaking a certain project, designated Project No. ARK. R-105, pursuant to the terms of a certain contract (which, together with all amendments, supplements and waivers, is herein called the "Contract for Loan and Grant") with the United States of America acting by and through the Secretary of Housing and Urban Development, under the terms of which the United States of America has agreed to make certain Federal financial assistance avail- able to the Local Public Agency with respect to such Project: NOW, THEREFORE, in consideration of the mutual covenants herein- after set forth, the parties hereto do agree as follows: (1) The Bank is and shall continue to be a member of the Federal Deposit Insurance Corporation as long as this Agreement is in force and effect. (2) The Bank shall honor any directive of the Local Public • Agency to purchase or convert to cash, through collec- tion on maturity or sale prior to maturity, investment securities acquired on behalf of the Local Public Agency pursuant to Paragraph (3), if the necessary funds are made available and if such directive is re- lated to the above -numbered Project and is signed on behalf of the Local Public Agency by an officer there- of who is designated by resolution of the Local Public Agency, and if a certified copy of such resolution shall have been furnished the Bank by the Local Public Agency. (3) The Bank shall purchase with the funds furnished by the Local Public Agency and shall convert to cash, through collection or sale, investment securities as the Local Public Agency may direct. Such securities shall be held by or under the direction of the Bank in safekeeping for the account of the Local Public Agency until coverted to cash through collection on maturity or sale prior to maturity. The proceeds from the conversion of such se- curities to cash shall be deposited as directed by the Local Public Agency. • V 2 - (4) The Bank is not obligated to be familiar with, and shall not be charged with knowledge of, the provisions • of the Contract for Loan and Grant, and shall be under no duty to investigate or determine whether any action taken by the Local Public Agency in respect of the accounts or funds of the Local Public Agency in connec- tion with said Project is consistent with or is authorized by the Contract for Loan and Grant or whether the Local Public Agency or the United States of America is in de- fault under the provisions of the Contract for Loan and Grant. The Bank shall be fully justified in accepting and acting upon, without investigation, any certificate, notice, or directive furnished it pursuant to the pro- visions of this Agreement and which the Bank shall in good faith believe to have been duly authorized and executed on behalf of the party in whose name the same purports to have been made or executed. (5) The rights and duties of the Bank under this Agreement shall not be transferred or -assigned by the Bank without the prior written approval of the Local Public Agency. This Agreement may be terminated by either party hereto upon sixty days' written notice to the other party. (6) This Agreement may be executed in three counterparts, each of which shall be deemed to be an original, and such • counterparts shall constitute one and the same instrument. IN WITNESS WHEREOF, the Local Public Agency and the Bank have caused this Agreement to be executed in their respective names and their respective seals to be impressed hereon and attested all as of the date and year above written. HOUSING AUTHORITY OF THE CITY OF FAYETTEVILLE, ARKANSAS (SEAL) ATTEST: (SEAL) ATTEST: . TITLE MCI FAVOR/ _.0Chairman M MCILROY BANK RESOLUTION N0._� • RESOLUTION AUTHORIZING EXTENSION OF CONTRACT WITH SULLIVAN AND GABEL WHEREAS, the Housing Authority of the City of Fayetteville, Arkansas, entered into a contract on January 4, 1971, with James R. Sullivan and J. W. Gabel, Realtors, for certain acquisition appraisals in conjunction with the Center Square Urban Renewal Project; and WHEREAS, it is deemed necessary to have additional appraisals conducted under this contract. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE HOUSING AUTHORITY OF THE CITY OF FAYETTEVILLE, ARKANSAS: That said Contract is hereby extended to include up to twenty-five (25) additional parcels and the total amount payable under said contract be increased by $3,000. 2. That the Chairman is hereby authorized and directed to execute said contract. 3. That all other terms and conditions of said contract shall remain unchanged. • PASSED AND APPROVED, this Jcday of 1972 APPROVED: &Zsk�-Z-6 I - Chairman ATTEST: 110 , I %1 rr� >•�' Secretary • NJ RESOLUTION NO. It7 RESOLUTION AUTHORIZING EXECUTION OF CONTRACT FOR LAUNDRY SERVICES WHEREAS, there exists facilities for laundry services in the Elderly High -Rise; and WHEREAS, it is the desire of the Housing Authority to enter into an agreement for the provision of said services. NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSIONERS OF THE HOUSING AUTHORITY OF THE CITY OF FAYETTEVILLE, ARKANSAS: 0 ATTEST: 0 (1) That the attached Contract is hereby approved. (2) That the Chairman is hereby authorized and directed to execute said Contract.""" PASSED AND APPROVED, this day of 1972. APPROVED: Secretary D Chairman