HomeMy WebLinkAbout32574 / 83-04w
September 1, 1983
(CARRIED
PURPOSE:
INITIATED BY:
114
RESOLUTION
LOST LAID OVER WITHDRAWN )
APPROVE AGREEMENT WITH OSHKOSH HOUSING AUTHORITY
FOR RENOVATION OF THE COMFFIERCIAL AREA OF THE
MAINVIEW BUILDING
CITY ADMINISTRATION
BE IT RESOLVED by the Common Council of the City of Oshkosh that the
proper City officials are hereby authorized and directed to enter into the
attached agreement with the Oshkosh Housing Authority to loan the Oshkosh
Housing Authority $40,000.00 for heating and ventilating work in the commercial
area of the Mainview Building.
BE IT FURTHER RESOLVED that this money is hereby appropriated from the
Community Development Block Grant funds, to be repaid from the rents derived
from the commercial area of the Mainview Building.
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StJBt�IIT'I`ED BY
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RESOLUTION # 4
AGREEMENT BETWEEN THE CITY OF OSHKOSH
AND THE OSHKOSH HOUSING AUTHORITY
WHEREAS, the Oshkosh Housing Authority has requested a loan of Community
Development Block Grant (CDBG) funds of the Ciry of Oshkosh in an amount of
$40,000.00 to complete heating and ventilating work in the commercial area of
the Mainview Building located at 530 N. Main Street, Oshkosh, Wisconsin, and
WHEREAS, the City of Oshkosh has this money available in the form of
CDBG funds and is willing to lend it to the Oshkosh Housing Authority pursuant
to its request,
NOW, T!IEREFORE, in censideration of the nurual covena^.ts contained hereiny
both parties agree as follows:
1. The City of Oshkosh will lend to the Oshkosh Housing Authority the
amount of Forty Thousand and no/100-------------------------- Dollars ($40,000.00)
Erom its CDBG funds to be used to complete heating and ventilating work in the
commercial area of the Mainview Building, which indebtedness shall be evidenced by
a Note of the Oshkosh Housing Authority in even date herewith.
2. The Oshkosh Housing Authority will advance all rents derived from the
commercial area of the Mainview Building to the City of Oshkosh until the loan
amount is repaid.
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals
this day of
1983.
tness
(Witness)
(Witnes
- 4A -
CITY OF OSHKOSH
sy:
William D. Frueh, City Manager
And:
Donna C. Luebke, City Clerk
OSHKOSH HOUSING AUTHORZTY
By:
And:
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