City Council

FACT SHEET

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TITLE DATE ORIGINATING DEPARTMENT

A RESOLUTION OCTOBER 13, 2009 COMMUNITY DEVELOPMENT

TO AMEND RESOLUTION

NUMBER 141 OF 2009 AND TO SPONSOR

OTHERWISE PROVIDE WITH

RESPECT THERETO. SAME

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PURPOSE

To authorize an amendment to Resolution Number 141 of 2009.

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BACKGROUND INFORMATION

Resolution Number 141 of 2009 authorized the acceptance of $1,372,308.00 from the Louisiana Housing Finance Agency (“LHFA”). The funds are to be used to implement and develop Heritage Place Development, an affordable housing development in the Allendale neighborhood. The funds will be provided to the City in the form of a grant however the resolution authorized the receipt and disbursal of loan funds. This resolution would authorize an amendment to Resolution Number 141 of 2009 to correctly authorize the acceptance, receipt and disbursal of grant funds from LHFA for purposes of the development.

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TIMETABLE

Introduction: October 13, 2009

Final Passage: October 27, 2009

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SPECIAL PROCEDURAL REQUIREMENTS

None

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ALTERNATIVES

1. Adopt the resolution as presented.

2. Amend the resolution.

3. Reject the resolution.

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CONCLUSION

Alternative Number 1 is recommended.

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FACT SHEET PREPARED BY: Terri Anderson-Scott

City Attorney

RESOLUTION NO. _____ OF 2009

A RESOLUTION TO AMEND RESOLUTION NUMBER 141 OF 2009 AND TO OTHERWISE PROVIDE WITH RESPECT THERETO.

BY:

WHEREAS, Resolution Number 141 of 2009 authorized the acceptance, receipt and disbursal of loan funds in the amount of $1,372,308.00 from the Louisiana Housing Finance Agency for purposes of development of Heritage Place, an affordable housing development in the Allendale neighborhood; and

WHEREAS, the reference to loan funds in the Resolution is incorrect and the funds will be provided to the City in the form of a grant.

NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Shreveport, in due, regular, and legal session convened that Resolution Number 141 of 2009 is hereby amended to now read as follows:

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NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Shreveport, in due, regular, and legal session convened that the City of Shreveport is hereby authorized to accept the receipt of a grant in the amount of $1,372,308.00 from the Louisiana Housing Finance Agency for development of Heritage Place.

BE IT FURTHER RESOLVED that the Mayor is hereby authorized to execute any/all contracts, documents and other instruments on behalf of the City of Shreveport relative to receipt and disbursal of the funds and to disburse the proceeds of the funds to qualified persons for purposes of the project.

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BE IT FURTHER RESOLVED that if any provision or item of this resolution or the application thereof is held invalid, such invalidity shall not affect other provisions, items or applications of this resolution which can be given effect without the invalid provisions, items or applications and to this end the provisions of this resolution are hereby declared severable.

BE IT FURTHER RESOLVED that all ordinances or resolutions or parts thereof in conflict herewith are hereby declared repealed.

APPROVED AS TO LEGAL FORM:

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City Attorney’s Office