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Ordinance 1504-88
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Ordinance 1504-88
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12/28/2017 10:28:44 AM
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Ordinances
Ordinance Number
1504-88
Date
7/20/1988
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and the senior center improvement project (the "Senior Center <br /> Project" ) , all as further described in Ordinance No. 1406-87 of <br /> the City. Said projects are herein collectively called the <br /> "Projects. " <br /> The Senior Citizen Housing Facility Project shall be carried <br /> out by the Authority and the City pursuant to the terms and <br /> conditions of the Housing Cooperation Agreement and Ordinance No. <br /> 1406-87, subject to the terms, covenants and conditions of this <br /> ordinance and the Bonds herein authorized to be issued. <br /> The cost of all necessary architectural, engineering and <br /> other consulting services, inspection and testing, administrative <br /> and relocation expenses and other costs incurred in connection <br /> with the making of the foregoing capital improvements shall be <br /> deemed a part of the costs of such improvements. Such <br /> improvements shall be complete with all necessary furniture, <br /> equipment and appurtenances. The estimated cost of the Projects <br /> and all costs incidental thereto and to the issuance of the Bonds <br /> is hereby declared to be as nearly as practicable the sum of <br /> $6, 600, 000, which shall be provided from the proceeds of sale of <br /> the Bonds. <br /> By ordinance of the City, the Council may alter, make <br /> substitutions to and amend the Projects descriptions as it <br /> determines is in the best interests of the City and consistent <br /> with the general descriptions provided herein and in Ordinance No. <br /> 1406-87 . <br /> By ordinance of the City, the Council shall determine the <br /> application of moneys available for the Projects set forth above <br /> so as to accomplish, as nearly as may be, all improvements <br /> described as part of such Projects. The City shall determine the <br /> exact extent and specifications for construction of structures or <br /> other improvements. If the City Council by ordinance shall <br /> determine that it has become impractical to accomplish any of such <br /> -4- KR258 88/07/06 <br />
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