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RESOLUTION • REQUESTING THE GENERAL ASSEMBLY TO APPROVE THE ADDITION OF A NEW SECTION, NUMBERED 50.7 TO THE CHARTER OF THE CITY OF CHARLOTTESVILLE WHEREAS, this Council is of the opinion that it is in the best interests of the citizens of the City of Charlottesville that a new section establishing powers relating to housing and community development be added to the Charter of the City of Charlottesville; and WHEREAS, in accordance with the requirements of §15.2-202 of the Code of Virginia (1950) as amended, on November 21, 2005 this Council conducted a public hearing on the proposed charter amendment, and at least ten (10) days' notice of the time and place of such public hearing, and an informative summary of the proposed charter amendment was published in a newspaper of general circulation in this locality; NOW, THEREFORE, BE IT RESOLVED by the Charlottesville City Council that the General Assembly is hereby requested to approve the addition of a new City Charter section, to read as follows: Sec. 50.7. Powers relating to housing and community development. In addition to the powers granted by other sections of this charter and any other provision of law, the city shall have the power: • (a) To acquire land or buildings in the city for the purpose of providing housing for low or moderate income persons or for elderly or handicapped persons; to rehabilitate and dispose of any such land and buildings by lease or sale to low or moderate income persons or elderly or handicapped persons; to dispose of such land and buildings by lease or sale to any nonprofit or limited profit organization which has as a principal purpose the provision or development of housing for low or moderate income persons or elderly or handicapped persons; to construct residential buildings in the city for lease or sale to low or moderate income persons or elderly or handicapped persons, or for lease or sale to a nonprofit or limited profit organization which has as its principal purpose the provision or development of housing for low or moderate income persons, or elderly or handicapped persons; to make grants and loans of funds to low or moderate income persons to aid in the purchase of any land or building in the city including, but not limited to, land and buildings which have been rehabilitated by the city or by a nonprofit or limited profit organization which has its principal purpose the development of housing for low or moderate income persons; and to offer real estate tax deferrals to low or moderate income persons who own any land or buildings described herein. (b) To make grants of funds to owners of dwellings or dwelling units in the city for the purpose of subsidizing, in part, the rental payments due and owing to any such owner by a low or moderate income person; to acquire any dwellings or dwelling units in the city for the purpose of providing housing to low or moderate income persons, and to dispose of such dwellings or dwelling units, by sale or lease, to low or moderate income persons or to a nonprofit organization or limited profit organization which has as its principal purpose the provision or development of housing for low or moderate income persons; to • make grants and loans of funds to low and moderate income persons to aid in the purchase of dwellings or dwelling units in the city; and to offer real estate tax deferrals to