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HomeMy WebLinkAbout7833N H rn w 0 Ln r N v a N 0 m �r rn w h N v .a 0 v 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 RESOLUTION NO. 7,833 A RESOLUTION DIRECTING THE CITY MANAGER TO INITIATE NEGOTIATIONS WITH THE ARKANSAS COMMUNITY HOUSING CORPORATION; DETAILING MINIMUM AREAS TO BE DISCUSSED; AND FOR OTHER PURPOSES. WHEREAS, the City of Little Rock contracted with Arkansas Community Housing Corporation (ACHC) for housing renovation; and WHEREAS, the renovation of houses is being accomplished and is on schedule; and WHEREAS, the Little Rock Board of Directors is concerned about several policy and administrative issues regarding this project. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The City Manager is directed to initiate negotiations with ACHC in order to amend the contract. SECTION 2. The minimum areas to be discussed in the negotiations include: 1) ownership of properties in this project; 2) the land trust concept; 3) ACHC Board vacancies; and 4) administration of acquisition, renovation and financing. SECTION 3. The City Manager is further directed to keep the Board of Directors apprised of the progress of these negotiations. ADOPTED: September 9, 1987 ATTEST: APPROVED: C2&" 41 t ` 32-9 �-9