3179 RESOLUTION NO. 3,179
A RESOLUTION AUTHORIZING AND DIRECTING THE MAYOR AND
CITY CLERK TO ENTER INTO A COOPERATION AGREEMENT IN
BEHALF OF THE CITY OF LITTLE ROCK WITH THE HOUSING
AUTHORITY OF THE CITY OF LITTLE ROCK, ARKANSAS, FOR
THE COLISEUM URBAN RENEWAL PROJECT, ARK R-17 .
WHEREAS, the Housing Authority of the City of Little Rock,
Arkansas, is proposing a project within the City of Little Rock,
identified as the Coliseum Urban Renewal Project, ARK R-17 ; and,
WHEREAS, a Cooperation Agreement by and between the City of
Little Rock, Arkansas, and the Housing Authority of the City of
Little Rock, Arkansas, is necessary to permit further study and
development of said project ; and,
WHEREAS, it is the desire of the Board of Directors of the
City of Little Rock to undertake the said project and to execute
a Cooperation Agreement with the said Housing Authority of the
City of Little Rock;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The proposed Coliseum Urban Renewal Project,
ARK J-17 , is found to be beneficial in the interest of the City
of Little Rock, and the planning of same should be pursued by
the Housing Authority of the City of Little Rock.
SECTION 2. The Mayor and City Clerk are hereby authorized
and directed to execute, for and in behalf of the City of Little
Rock, a Cooperation ^greement between the City of Little Rock
and the Housing Authority of the City of Little Rock, which
Cooperation Agreement shall be in form and substance as follows :
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COOPERATION AGREEMENT
by and between
THE HOUSING AUTHORITY OF THE CITY OF LITTLE ROCK, ARKANSAS
and
THE CITY OF LITTLE ROCK, ARKANSAS
(Re : Coliseum Urban Renewal Project, ARK R-17)
THIS AGREEMENT, entered into on the date last undersigned by .
and between the Housing Authority of the City of Tittle Rock,
Arkansas, (hereinafter called the Au' '.ority) and the City of Litre
Rock, Arkansas, (hereinafter called :..e City) , WITNESSETH:
WHEREAS, it is necessary and in the public interest that the
Housing Authority of the City of Little Rock, Arkansas, avail
of the financial assistance provided under Title I of the Natiol :__.
Housing Act of 1949 , as amended and supplemented, and as author:: .. _.
by Act 212 of the Acts of the General Assembly of for
year 1945, as amended by Act 189 of 1957 and Act 119 oc.L l';39, in
order to consummate essential Urban Renewal Projects wit:` :: the City
of Little Rock, Arkansas; and
WHEREAS, in furtherance thereof, the Housing Authority of r':e
City of Little Rock, Arkansas, on the 12th day of May 19C . entered
into a Contract for Advance with the Urban Renewal Administratio..
of the Housing and Home Finance Agency of the United State? of
America for the undertaking of certain studies and the preparatio:r1
of an -Urban Renewal Plan in connection with the renewal and
redevelopment of the Coliseum Area Project, ARK R-17 , which area
is bounded generally on the East by High Street, on the North by
Roosevelt Road, on the West by Park Street and the Arkansas Live-
stock Show Association Showgrounds and on the South by the Chicago,
Rock- Island and Pacific Railroad and '.vest °34th Street and -
WHEREAS, such studies have been completed and a.. „r:—_ Renewal
Plan, hereinafter referred to as the Plan, has been i;__ pared for
such Project Area; and
;:_IEREAS, the Board of Commissioners of the Ho..s:. ri
of the City of Little Rock has formally approved such Urban Renewal
Plan; and
WHEREAS, the undertaking of said Project will involve gross
project costs, federal, state , and local, in the amount of approxi-
mately $2 ,144,031, and net project costs of approximately $1,965,864;
and
WHEREAS, the Urban Renewal Administration of the Housing and
Home Finance Agency of the United States of America will agree to
pay an estimated $1,465 ,258 as its two-thirds share in cash of said
net project costs; and
WHEREAS, in payment of the share of the City of Little Rock,
Arkansas , of the difference between said net project costs and said
expenditure of federal funds, the City may receive credit for the
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provision of public improvements made by the City to the extent that
they serve the Project Area; and
WHEREAS, the City plans or has completed certain construction
and installation within the Project Area; and
WHEREAS, the Authority and the City are desirous of reducing
to writing this statement of the intentions and undertakings of
each in connection with said construction by the City and the
Authority's consummation of said Coliseum Urban Renewal Project,
ARK R-17 ;
NOW, THEREFORE, in consideration of the recitals hereof and
of the mutual promises and covenants herein set forth, the parties
hereby agree as follows :
1. The City Agrees:
(a) To furnish certification covering the construction
and installation at its own cost of traffic controls,
traffic signs , street lighting, and street markers,
serving the Project Area , including locations, dates
of installations and costs thereof.
(b) To timely provide and to furnish certification covering
construction and installation at its own costs of any
miscellaneous items of street work provided or to be
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provided within the Project Area and all serving
the Project Area, including locations, dates of
installation and costs thereof.
(c) To furnish certification covering the construction
and installation at its own cost of the Howard Street
and Roosevelt Road fire station serving the Project
Area, including locations, dates of installations
and costs thereof.
(d) Each facility provided as a local non-cash grant-in-
aid as herein set out will be open without regard to
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race, color, creed, or national origin to all occupants
of the project area after renewal.
2. The City hereby recognizes its obligation to timely share
in the net costs of the Project through the provision of
cash or non-cash grants-in-aid, such share not to exceed
one-third of the net costs. The source of cash funds to
be expended shall be derived from the City's General Fund
and the source of funds expended to establish non-cash
grants-in-aid shall be derived from City revenue which has
been budgeted to the various departments of the city
government through which these non-cash grants-in-aid shall
be accomplished. However, in sharing the net costs of the
Project, either by cash or non-cash grants-in-aid, the City
only promises to perform to the extent permitted by funds
available for such payment, construction, installation,
maintenance, and improvement. Nothing contained herein
shall obligate any funds of the City of Little .Rock in
excess of revenues for the fiscal year in which this
Cooperation Agreement is executed, or in excess of its
revenues for any other fiscal year, but the City agrees
to make such donations to the project pursuant to this
Agreement as can legally be made in each such fiscal year
based upon examination of accounts of City funds available
for this purpose from time to time when such payments are
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disbursed, and if, upon such examination, it is determined
that such payment or payments would exceed available revenues,
or would otherwise violate Amendment 10 to the Constitution
of Arkansas, then it is agreed and understood by the Authority
and the City that this agreement in no way obligates the
City to make such payment.
3. The Authority agrees to undertake and carry out, upon the
final approval of such plan and execution of said Loan
and Capital Grant Contract, the following, all as provided
for in said plan:
(a) To install, provide and construct as necessary and
appropriate and as required to implement and carry
out the plan all site and project improvements, in-
cluding but not limited to installation of curbs,
gutters, catch basins, paving, landscaping and other
necessary incidental items.
(b) In addition, the Authority shall do all things and -
take all actions necessary and appropriate to insure
complete and final execution of said Plan.
4. This Cooperation Agreement shall be terminated if at any
time the Urban Renewal Administration of the Housing and
Home Finance Agency of the United States of America
determines that the proposed project, and any plan or
plans for its redevelopment, rehabilitation or renewal,
are not acceptable, or that the project or the project
area, is not eligible for continued federal financial
assistance under the provisions of the National Housing
Act of 1949, as amended.
5. The provisions of this Agreement are severable and if any
part hereof shall be held invalid, such holding shall not
affect the remainder hereof, which shall remain in full
force and effect.
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IN WITNESS WHEREOF, the Authority and the City have caused
this Cooperation Agreement to be executed by their duly authorized
officers this day of 19
ATTEST: THE HOUSING AUTHORITY OF THE
CITY OF LITTLE ROCK, ARKANSAS
Dowell Naylor, Jr. , Secretary F. W. Parris, Chairman
ATTEST: CITY OF LITTLE ROCK, ARKANSAS
City Clerk Mayor
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This Resolution shall be in full force and effect from and
after its adoption.
ADOPTED: July 6, 1964
ATTEST - de-e APPROVED:
City Clerk 4/41-a- or