Resolution 2012-55 - Laserfiche WebLink

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WHEREAS, BCHA, LHA, the City, and the County have negotiated the proposed IGA to address these concerns and further the provision of affordable housing in Louisville; and WHEREAS, pursuant to proposed IGA, LHA's assets and outstanding debts will be transferred to BCHA and BCHA shall, for the Commitment Term defined in the IGA, operate in and provide affordable units within the City of Louisville, as provided in said IGA; and WHEREAS, to further the purposes of the IGA and pursuant to C.R.S. § 29 -4 -508, the BCHA has requested authority pursuant to State law to operate within the municipal boundaries of the City of Louisville; and WHEREAS, the City Council finds that the City is located entirely within the County of Boulder, that the Board of County Commissioners of the County of Boulder have created the BCHA for the purposes of providing housing to low and moderate income groups, and that pursuant to C.R.S. § 29 -4 -508, the City Council as the governing body of the City may authorize, by resolution, the inclusion of the City within the boundaries of the County Housing Authority; and WHEREAS, the City Council by this resolution desires to approve the proposed IGA and authorize its execution, and authorize the inclusion of the City of Louisville to that area under the jurisdiction of the BCHA; NOW, THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO, THAT: Section 1. The foregoing recitals are hereby incorporated into this Resolution. Section 2. The City Council hereby approves the proposed IGA between the LHA, BCHA, the City, and the County in the form thereof accompanying this Resolution. Section 3. The Mayor is hereby authorized to execute the IGA on behalf of the City Council of the City of Louisville; provided, however, that the Mayor is hereby further authorized to negotiate and approve such revisions to the IGA as the Mayor determines are necessary or desirable for the protection of the City, so long as the essential terms and conditions of such IGA are not altered. Section 4. The Mayor, City Manager, City Clerk, and City staff are hereby authorized to execute all documents and do all other things necessary on behalf of the City to perform the obligations of the City under the IGA. Section 5. Effective upon the Effective Date of the IGA and for the Commitment Term (each as defined in the IGA), the City of Louisville shall be within the boundaries of the Boulder County Housing Authority pursuant to C.R.S. § 29 -4 -508. For such Commitment Term, the Boulder County Housing Authority is authorized and empowered to operate within the City of Louisville pursuant to Colorado Statutes. This authorization shall not be construed to change any terms or provisions of the IGA. Resolution No. 55. Series 2012 Page 2 of 3