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<br />RESOLUTION NO. 2 <br />SERIES 1979 <br /> <br />A RESOLUTION by the City Council of the City of <br /> <br /> <br />Louisville, confirming" an agreement of cooperation between the <br /> <br /> <br />City of Louisville and the Louisville Housing Authority <br /> <br /> <br />concerning the submission by the Housing Authority of an <br /> <br /> <br />application to the Department of Housing and Urban Development <br /> <br />for the construction of 30 rent subsidized, dispersed multi- <br /> <br /> <br />family units within the City of Louisville. <br /> <br /> <br />WHEREAS, the Louisville Housing Authority proposes <br /> <br /> <br />to make application to the Department of Housing and Urban <br /> <br /> <br />Development for approval to construct 30 rent subsidized, <br /> <br /> <br />dispersed multi-family units; and, <br /> <br />WHEREAS, for the approval of such application, it <br /> <br /> <br />is necessary that the Housing Authority obtain an agreement <br /> <br /> <br />of cooperation from the City relative to the planning, con- <br /> <br /> <br />struction and operation of this project. <br /> <br />NOW, THEREFORE, Let it be resolved by the City <br /> <br /> <br />Council of the City of Louisville that the City hereby commits <br /> <br /> <br />and agrees to the following in regards to the proposed project: <br /> <br />(a) That the City of Louisville shall <br /> <br /> <br />make available all presently existing City <br /> <br /> <br />services to said project; <br /> <br />(b) That said project shall not be subject <br /> <br /> <br />to the ad valorem taxes as levied by the <br /> <br /> <br />City, but that the City shall receive ten <br /> <br /> <br />per cent of the annual shelter rent and said <br /> <br />revenue shall be made a part of the City's <br /> <br /> <br />general fund; that such payments to the <br /> <br /> <br />City shall be voluntary by the Housing <br /> <br />Authority and the City shall not attempt to <br /> <br /> <br />force payment by the attachment of a lien on <br /> <br /> <br />said project or any other means which may be <br /> <br /> <br />available; and that in no case shall the <br /> <br /> <br />City collect or be entitled to a yearly sum <br />