Res 1976-036 - Laserfiche WebLink

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4.. Th~ City and . the tency concur 'in the use of all. the remaining capital grant funds and Community Development Elock Grant Funds in such amount as is needed. for the payme.nt of the project lands listed in Attachment A, .the total value of which is esti- mated at $450,825.00. 5. Prior to financial settlement of the project the following parce1s.shall be sold: Parcel No. Amount ReUse Square Footage Redeveloper $125,000 C 48,352 Don Farris, 72,600 P 207,389 City of San Marcos, Texas 25,600 P 73,268 City of San Marcos, Texas 5-1 ll-lA .'IS-l Both parcels to be developed by the City of San Marcos shall be for park r'euse and _.he City hereby agrees to redevelop said land in accordance with the Urban Rene:wal Plan. 6. During the life of Project No. Tex. A-6, 251 dwelling units were demolished in the project area. All low and moderate income housing required to be provided due to the demolition or removal of residential structures with project funds pursuant to Section 105(h) of Title I of' the Housing Act of 1949, as amended, have been provided. More than 355 dwelling units have been constructed and are identified as to gelleral location on.a map attached hereto as Attachment B and made a part hereof; Such housing not provided would be incorporated and identified in the City's Housing Assistance Plan., 7. All low and moderate income housing requirements with respect to which a pre- dominately residential project was obligated pursuant to Section 105 (f) of Title I of the Housing Act of 1949, as amended, have been met with 24 residential reuse properties having been sold or to be sold. Of the total, 14 have been for low and moderate income residential reuse with 7 of the 14 for lo.~ income. Such units'.are',identified as to general location on said map included as Attachment B hereto. If any such housing re- mains to be provided, it would be incorporated and identified in the City's Housing Assistance Plan and a change in housing obligations or in previously approved land usag affecting housing obligations shall require prior written approval of the Sec:r'etary of BUD as long as the area remains predominately residential under the provisionfi of the applicable Urban Renewal Plan. I 8. In the. event that the City' should succeed the Agency with respect to any dutie '. activities,. obligations or otherwise connected w.rth completion or carrying out: of the project the City hereby agrees to be bound by the terms of this Agreement and to perfor . 'the Agency's duties, obligations', and activities to the same extent as the Ag.mcy is herein obligated. 9. Any costs or obligations incurred in connection with the project with respect to claims which are disputed, contingent, unliquidated or unidentified and for the pay- ment of which insufficient project funds have been reserved under the financial settle- ment, shall be borne by the City. Such additional expenses may be paid from funds made available from Community Development Block Grant Funds under 24 CFR.570. et seq. 10. Obligations under this Agreement are made specifically subject to the program management requirements.of Subpart (J) of 24 CPR 570.900, et seq. 11. It is specifically understood and agreed that the concurrence of this Agreem by the United States Department of Housing and Urban Deve:!.opment shall not constitute waiver of the terms of the Neighborhood Development Program Contracts with the Agency. IN WITNESS WHEREOF, the parties by these presents have executed the Agreement on the date hereinabove shown. ~ _ .- ~L- S cretary By nest: ~ . :M~ /0;J{":L Secretary cm~cos. TID<AS By ~nt: ! Hayor Concurred UNITED STATES OF .A...MERC!..~ Secretary of H~US~d urban,Deve B7~___ .~~_