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HomeMy WebLinkAbout1983-10-19 - Minutes - ArchiveMINUTES 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 8:30 o'clock A.M. Wednesday, October 19, 1983 in the office of the Authority, #1 North School Avenue, Fayetteville, Arkansas. Mr. Seaton, Chairman, called the meeting to order. Upon roll call, the following members were present: Commissioners Present: Seaton, Shreve, Windham Commissioners Absent: Endress, Morgan Others Present: Pat Donat, Bromo Wilson, Toady Edwards There being a quorum present, the following business was transacted: The minutes of the September 21, 1983 Regular Meeting were approved by seconded and carried unanimously. The September Financial Statement was approved by motion, seconded and unanimously. RESOLUTION AUTHORIZING AMENDMENT NO. CONTRACT NO. FW 7031 AND ISSUANCE OF Resolution No. 378 , approved by motion, carried 8 TO CONSOLIDATED ANNUAL CONTRIBUTIONS PERMANET NOTE FOR PROJECT NO AR 97-903. motion, seconded and carried unanimously. Engineering proposals for the Willow Heights drainage project were received from McClelland Engineering Inc., Engineering Service Inc., and Northwest Engineers Inc.. The proposals were reviewed by the Board using the selection criteria set forth in the invitation for proposals. It was decided to begin negotiations with Engineering Service Inc.. The Executive Director was directed to conduct such negotiations within the approved budget for these services and report back to the Board. RESOLUTION APPROVING SALARY INCREASES. Resolution No. 379 , approved by motion, seconded and carried unanimously. The Board asked that a procedure be developed for awarding of merit increases for the staff in the future. There being no further business, the meeting was adjourned. ATTEST: CRETARY THE HOUSING AUTHORITY OF THE CITY OF FAYETT, ILLE, ARKA CHAI RESOLUTION NO 378 RESOLUTION AUTHORIZING AMENDMENT NO. 8. TO CONSOLIDATED ANNUAL CONTRIBUTIONS CONTRACT NO. FW 7031 AND ISSUANCE OF PERMANENT NOTE FOR PROJECT NO. AR -97-903 WHEREAS, the HOUSING AUTHORITY Or= CI'1'X OF FAYEPPEVIILE, ARKANSAS (herein called the "Local Authority") has undertaken the development and administration of low -rent housing project(s) designated as Project No.(s) AR -97-903 with financial assistance from the U nited States of America, Department of Housing and Urban Development, pursuant to Consolidated Annual Contributions Contract No. FW 7031 ; and WHEREAS, the parties for and inconsideration of mutual benefits to each other desire to amend the above-described contract and the Authority • wishes to authorize the issuance of a Permanent Note; NOW,THEREPORE, BE IT RESOLVED by the Board of Commissioners of the Local Authority as follows: S ection 1. Amendment No. • 8 to Consolidated Annual Contri- butions Contract No. FW 7031 is hereby approved and accepted • both as to form and substance and the Chaiman (Title of Officer) Authority is hereby authorized and diiected to,execute such Amendment on of the Local behalf of the Local Authority and the Secretary to (Title of Officer) impress and attest the official seal,of said Local Authority on all e xecuted counterparts of said Amendment. S ection (A) In order to provide monies to finance the Development Cost of each Project, there is hereby authorized to be issued a Permanent Note of the Local Authority in principal amount equal to the Actual Development Cost of Project No. AR -97-903 • (B) The Note shall bear interest and be payable in the form and manner prescribed by the Contract and this Resolution; shall be signed in the name of the Local Authority by the Chairman ; shall have the official seal of the Local Authority impressed thereon and attested by the Secretary . The Permanent Note shall be in substantially the form of Form No. HUD -52250, which form is incorporated • nerein by reference and made a part hereof. • • (C) Each Note issued with respect to any Project shall be a direct and general obligation of the Local Authority; the full faith and credit of which is hereby pledged for the punctual payment of the principal of and interest on such Notes, and, shall be additionally secured • Sit is the intention of the Local Authority to be fully obligated under the P AGE 2 RESOLUTION AUTHORIZING AMENDMENT NO. 8 (continued) by (1).,,a first pledge of the annual contributions payable to the Local Authority and authorized to be pledged to such payment pursuant to the Contract and (2) by a pledge of and lien on the Residual Receipts of such P roject after providing for the payment of Bonds issued in respect to such Pro jaa,t. (D) As additional security for the equal and ratable payment of the principal of and interest on each Note issued with respect t o any,,Project, together with each other Note issued with respect to such Project, the Local Authority, to the fullest extent permitted by the Laws o f the•,State, hereby pledges, mortgagee, conveys and grants unto the Government all property described in the Contract constituting such Project, including that certain real property' relating to each such Project and more particularly e xecuted and P rovided, described in the trust instrument or any amendment thereto as recorded by the Local Authority pursuant to the Contract: That in respect to Permanently Financed Projects: t he lien of such pledge and mortgage and rights granted and conveyed pursuant to this paragraph shall (1) be junior to the Bonds and junior to t he pledge of Residual Receipts securing the Bonds. and (2) not be foreolosable'until all Bonds shall have been paid and discharged in the manner provided in the Bond Resolutions. If the preceding sentence shall be judged by a court of competent jurisdiction to be invalid or ineffective other provisions of this Resolution and that such judgement shall not impair or invalidate the obligation of the Local Authority to pay the principal of and interest on each Note from other funds of the Local Authority as herein provided. • RESOLUTION NO. 379 • RESOLUTION APPROVING SALARY INCREASES WHEREAS, the approved budgets for the Housing Authority allows for salary increases for certain personnel; NOW,_THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE HOUSING AUTHORITY OF THE CITY DF FAYETTEVILLE, ARKANSAS, that the regular annual increases listed below are approved, effective October 1, 1983. ADMINISTRATIVE Name From To Bromo Wilson Coretta Edwards Lynna Snider Betty Jordon Kathy Elmore MAINTENANCE Robert Wayne Whitehead Ernest Carr $27,950.00 14,150.00 11,230.00 9,550.00 8,990.00 $29,348.00 15,565.00 12,353.00 - 10,028.00 9,440.00 14,1140.00 14,847.00. 9,900.00 10,39.5':00L PASSED AND APPROVED THIS Irl DAY OF 6 1983. ATTEST: THE HOUSING AUTHORITY OF THE CITY OF FAYETTEVILLE, ARKANSAS