Ord 1973-029 - Laserfiche WebLink

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I I I I I 107- fI THIRD AMENDED COOPERATION AGREEMENT STATE OF TEXAS COUNTY OF HAYS X THIS THIRD AMENDED COOPERATION AGREEMENT, made and entered into this 11th day of June , 1973, by and between the URBAN RENEWAL AGENCY OF THE CITY OF SAN MARCOS, TEXAS, (here- inafter referred to as the "Agency"), and the CITY OF SAN MARCOS, TEXAS, a municipal corporation (hereinafter referred to as the "City"), supersedes and amends the Cooperation Agreement previously entered into between the parties on the 27th day of November, 1972, as follows: WHEREAS, the Agency is a public body corporate and politic, created by the laws of the State of Texas pertaining thereto, specifically, Revised Civil Statutes of Texas, 1925, Article 1269 L-3, and is transacting business and exercising the powers granted by said laws; and, WHEREAS, the Agency with the aid and cooperation of the City proposes to undertake and carry out a Neighborhood Development Program in the City of San Marcos, Texas, in accordance with the Urban Renewal Plan therefore approved by the City Council, and bearing date of July 1, 1969, and pursuant to the provisions of the laws of the State of Texas as hereinabove referred to; and, WHEREAS, the Agency proposes to enter into a Loan and Grant Contract with the Department of Housing and Urban Development, an agency of the United States of America, providing for financial assistance pursuant to Title 1 of the Housing Act of 1949, as amended, for the purpose of carrying out the provisions of the Urban Plan, as follows: (1) A loan in the amount sufficient to ~nable it to defray the gross cost of the Project, but not exceeding $1,973,283; (2) A Project Capital Grant in the maximum amount available for the project; (3) A relocation grant in the maximum amount available for the project; and WHEREAS, the City desires to provide "Local grants-in-aid" in connection with said Project and has heretofore indicated its intention to do so in a resolution approving said Urban Renewal Plan for said Neighborhood Development Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, the Agency and City agree as follows: 1. AGENCY (a) The Agency agrees (1) to carry out and fulfill the proposed Loan and Grant Contract specifically between it and the United States of America, acting by and through the Secretary of Housing and Urban Development; and (2) to proceed diligently and forth- with with all necessary actions, works, and undertakings to carry out the proposed and approved Neighborhood Development Program in the following described areas: EXHIBIT "A"