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t <br /> 1 ORDINANCE NO. F- <br /> 2 <br /> AN ORDINANCE establishing a Housing Cooperation Agreement between <br /> 3 the Everett Housing Authority and City of Everett. <br /> 4 <br /> 5 WHEREAS, Ordinance No. 826-81 provided for submission to the electors of the <br /> 6 City of a proposition authorizing $2,000,000 for the purpose of contributing toward <br /> 7 housing for low-income elderly persons; and <br /> 8 WHEREAS, said proposition has been approved and the Housing Authority of the <br /> 9 City of Everett and the City of Everett should now establish an agreement for <br /> 10 accomplishing a low-income elderly housing project; <br /> 11 NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> 12 Section 1: That the Mayor is hereby authorized to enter on behalf of the City <br /> 13 a Housing Cooperation Agreement between the Housing Authority of the City of <br /> 14 Everett and the City of Everett to provide approximately 103 housing units on property <br /> 15 between Wall and Pacific on Broadway and Lombard at an estimated cost of <br /> 16 approximately $5,100,000, of which the City shall contribute acquisition of real <br /> 17 property and participation in architect's fees and construction costs, all City participa- <br /> 18 tion not to exceed $2,000,000. <br /> 19 The final terms and conditions of said agreement shall be submitted to City <br /> 20 Council for final approval. <br /> 21 <br /> 22 g4E:3. 2..„...„, <br /> 23 AYOR <br /> 24 ATTEST: <br /> 25ill* t-1- ^� i / <br /> 26 (CIT CLERK <br /> 27 Passed: 7- I A-- <br /> 28 Valid: -14---/-7- `Ica- <br /> 29 Published: <br /> 30 <br /> 31 <br /> 32 <br />