10462RESOLUTION NO. 10,462
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A RESOLUTION AUTHORIZING A MEMORANDUM OF
UNDERSTANDING TO THE AGREEMENT BETWEEN
THE CITY OF LITTLE ROCK AND WOODRUFF
COMMUNITY DEVELOPMENT CORPORATION TO
TEMPORARILY LEASE TWO STRUCTURES FUNDED
WITH HOME INVESTMENT PARTNERSHIP FUNDS,
LOCATED AT 2501 WEST 6T" AND 510 SOUTH MAPLE
STREET AS AFFORDABLE HOUSING TO VICTIMS OF
THE JANUARY 21, 1999 NATURAL DISASTER IN THE
CITY OF LITTLE ROCK.
WHEREAS; due to a natural disaster that occurred on January 21, 1999, in the
City of Little Rock, Arkansas, the City of Little Rock and Woodruff CDC desire to
establish a Memorandum of Understanding between the City of Little Rock and
Woodruff CDC to allow Woodruff CDC to temporarily lease houses funded with HOME
Investment Partnership Program funds, located at 2501 West 6th Street and 510 South
Maple Street as affordable housing to victims of the January 21, 1999 natural disaster in
the City of Little Rock.
WHEREAS, notwithstanding the terms and conditions of this Memorandum of
Understanding, all terms and conditions of the original Agreements dated December 28,
1995, and March 31, 1997 respectively, shall remain the same and in full force and effect.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS.
SECTION 1. The City Manager is authorized to enter into a Memorandum of
Understanding to the Agreement with Woodruff CDC to allow the temporary leasing of
units located at 2501 West 6'h Street and 510 South Maple Street as affordable housing to
victims of the January 21, 1999 natural disaster.
SECTION 2. This resolution shall be in full force and effect from and after its
adoption.
ADOPTED: February 2, 1999
ATTEST:
ROBBIE HANCOCK
CITY CLERK
APPROVED AS TO FORM:
THOMAS M. CARPEN
CITY ATTORNEY
APPROVED:
M DAILEY
MAYOR
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