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HomeMy Public PortalAboutORD11037 BILL NO. 88-14 SPONSORED BY COUNCILMAN HALSEY ORDINANCE NO. 11039 AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT WITH THE CITY OF JEFFERSON HOUSING AUTHORITY FOR THE TRANSFER OF FUNDS RECEIVED FROM THE WEST MAIN STREET PROJECT. BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI, AS FOLLOWS: Section 1. The Mayor and Clerk are hereby authorized and directed to execute an agreement with the City of Jefferson Housing Authority for the transfer of funds received from the West Main Street project. Section 2. The agreement shall be substantially the same in form and content as that agreement attached hereto as Exhibit A. Section 3. This Ordinance shall be in full force and effect from and after the date of its passage and approval. ® Passed L�t(� 8 if Approved -Wool resaidin ficer ay ATTEST: City Clerk • w Agreement made this (7 6day of &�, 1988, between the City of Jefferson ("City") and the Jefferson City Housing i Authority ("Authority") . i WHEREAS, the parties have previously, along with the State of Missouri, entered into an Intergovernmental Cooperative Agreement for improvement of West Main Street, dated October 6, 1987; and WHEREAS, the City and the Authority wish to modify their participation as described herein, which modifications shall not affect the obligations of or to the State of Missouri. NOW, THEREFORE, the parties agree as follows: 1. The Authority shall pay to the City, for use by the ® City in the improvements to West Main Street as set out in the Intergovernmental Cooperative Agreement, the additional sum of Four Hundred Twenty-Five Thousand Dollars ($425,000.00) . 2. Within twenty (20) days after receipt of those funds from the Authority, the City shall nay to the Authority the sum of Four Hundred Twenty-Five Thousand Dollars ($425,000.00) . IN TESTIMONY WHEREOF, the duly authorized officials of the parties have executed this Agreement on the day of 1988. CITY OF JEFFERSON Louis ardner, or • r ATTEST: City Clerk JEFFERSON CITY HOUSING AUTHORITY Sam B. Cook, Chairman ATTEST: A len Poll k, PE Secretary