11741• •
1 RESOLUTION NO. 11,741
2 A RESOLUTION TO AMEND LITTLE ROCK ARK.,
3 RESOLUTION NO. 11,594 TO CHANGE HOME FUNDING
4 APPROVAL FROM WATERSHED HUMAN & COMMUNITY
5 AGENCY, INC. TO STONEWOOD APARTMENTS LIMITED
6 PARTNERSHIP; AND FOR OTHER PURPOSES.
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8 WHEREAS, on September 9, 2003, the Board adopted Resolution No. 11,594
9 approving funding under the HOME Investment Partnership Program for Watershed
10 Human & Community Agency, Inc., and
11 WHEREAS, subsequent to said award, Watershed Human & Community
12 Agency, Inc. formed another entity, Stonewood Apartments Limited Partnership, which
13 will own and operate the affordable housing development funded with HOME
14 Investment Partnership monies, and
15 WHEREAS, representatives of Stonewood Apartments Limited Partnership have
16 requested that the City change the award of HOME Investment Partnership funding
17 from Watershed Human & Community Agency, Inc. to Stonewood Apartments Limited
18 Partnership to reflect the change in property ownership.
19 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
20 THE CITY OF LITTLE ROCK, ARKANSAS:
21 Section 1. The Board approves the amendment of Little Rock, Ark.,
22 Resolution No. 11,594, to reflect the change of HOME Investment Partnership funding
23 in the amount of $100,000.00 from Watershed Human & Community Agency, Inc. to
24 Stonewood Apartments Limited Partnership.
25 Section 2. Severability. In the event any title, section, paragraph, item,
26 sentence, clause, phrase, or word of this resolution is declared or adjudged to be invalid
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Resolution
To amend 841,594 to change HOME funding
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or unconstitutional, such declaration or adjudication shall not affect the remaining
portions of the resolution which shall remain in full force and effect as if the portion so
declared or adjudged invalid or unconstitutional was not originally a part of the
resolution.
Section 3. Repealer. All ordinances and resolutions are hereby repealed to the
extent of such inconsistency.
ADOPTED: May 4, 2004
ATTEST: APPROVED:
N cy Woo , City Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City Attorney
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Resolution
To amend R- 11.594 to change HOME funding
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Willie Hinton, Vice -Mayor