1978-05-15 - Laserfiche WebLink

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(1) (2) (3) 379 Two ,liars ($250) in cash which is to be if said bid is accepted and the check of Central Telephone Company of Virginia ordering payment of that sum to the City of Charlottesville is enClosing herewith. Central Telephone Company of Virginia will accept the terms of said franchise as published, if granted to it by the City Council, and will be bound thereby. Central Telephone Company of Virginia will post bond in the sum of One Thousand Dollars ($1,000) as required by said franchise, said bond to be approved by the City Council. Sincerely, Resolution re: Land Lease Program JPF/bw Enclosure J. P. Frazee, Jr. J. P. Frazee, Jr. ~signed) The bid was accompanied by a check in the amount of $250.00 drawn on National Bank and Trust Company, and a surety bond from Insurance Company of North America as required by the terms of the franchise. The Mayor inquired whether other bids were offered; there being none she declared the bidding closed. On motion by Mr. Barbour, seconded by Mr. Fife, action on such'bid and proposed franchise was deferred until the regular meeting of June 5, 1978. On motion by Mr. Barbour, seconded by Mr. Fife the following resolution was unanimously adOpted. WHEREAS, the City of Charlottesville has acquired certain properties for use in a Land Lease Program for the development of low and moderate income housing; and WHEREAS, constitutional provisions have limited the City to a term of forty years, while the Virginia Housing Development Authority (VHDA) would require a ixty year term in order to guarantee permanent purchaser inancing of housing units constructed on such lease ~ots; and.. WHEREAS, it 'is hterefore advantageous for :.:~e resources of and responsibility, for the Land Lease P~:bgram to be transferred and assigned by the City to the Charlottesville Redevelopment and Housing Authority, now, therefore, be it: A. Resolved by the..Board of Commissioners of the Ch~ ville Redevelopment and Housing Authority that: (1) The Authority accept:the conveyance from ti City of any properties acquired or designated b City for use in the Land Lease Program. (2) The Authority accept from the City the trar of Community Development Block Grant funds desif for use in the Lane Lease Program and agree to them in accordance with all applicable federal in like manner as with other such funds for whi~ Authority is subgrantee. Lrlottes- 'the .~fer hated xpend ~gulations, the (3) The Executive Director be authorized and dj 'ected to take any necessary steps to administer such Lease Program, to secure bids for the lease and development of the land set aside for such prol am, to arrange with VHDA or other lenders for permanen~ purchaser financing of 'units constrUcted for such program, 'and to cooperate with the City staff i~ furthering the goals of such program.