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HomeMy WebLinkAboutResolution - 1414 - Support LHA Effort For HUD Funds (Hub Homes Sale) For Low-Rent Housing Stock - 06/23/1983JMS : j s 0 CnT TTTTnAT RESOLUTION 1414 - 6/23/83 A RESOLUTION SUPPORTING THE HOUSING AUTHORITY OF THE CITY OF LUBBOCK IN ITS EFFORT TO PERSUADE THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO PER- MIT THE PROCEEDS FROM THE SALE OF HOUSING UNITS AT HUB HOMES TO THE TEXAS HIGH- WAY DEPARTMENT TO BE RETAINED BY THE HOUSING AUTHORITY AND USED TO REPLACE LOW - RENT HOUSING STOCK WITHIN THE CITY OF LUBBOCK. WHEREAS, the Texas Highway Department will acquire from the Housing Autho- rity of the City of Lubbock hereinafter called "Housing Authority", a part of a tract of land on which are situated housing units at Hub Homes (TX 18-1) for use as part of the right-of-way of Highway I-27; and WHEREAS, the Department of Housing and Urban Development, hereinafter called "HUD", usually requires that proceeds from the sale of such property be applied to reduce the outstanding debt on the Annual Contribution Contract be- tween HUD.and the Housing Authority; and WHEREAS, the Housing Authority has requested the support of the City Council of the City of Lubbock in an attempt to persuade HUD to permit the Housing Authority to retain said proceeds and use them to replace low -rent housing stock within the City of Lubbock; NOW THEREFORE: BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the City Council of the City of Lubbock shall give its support to the effort of the Housing Authority to persuade HUD to permit the Housing Authority to retain the proceeds from the sale to the Texas Highway Department of the tract of land on which are situated housing units at Hub Homes (TX 18-1) and to use such proceeds to replace the demolished units for the purpose of pre- serving the low -rent housing stock within the City of Lubbock. Passed by the City Council this 23rd day of -Su_n_D , 1983. r ��_MALISftR, MAYOR AT EST: Evelyn Ga fga, ity c e y -Treasurer APPROVED AS TO CONTENT: Sandy Ogle ree, Community Development Coordinator APP OVED AS TO FORM: J an M. Sherwin, Assistant City Attorney