My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
R2002-192 AUTHORIZING DEVELOPMENT AGREEMENT
COD
>
City Clerk
>
RESOLUTIONS
>
2002
>
R2002-192 AUTHORIZING DEVELOPMENT AGREEMENT
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/14/2016 2:24:48 PM
Creation date
1/14/2016 2:24:37 PM
Metadata
Fields
Template:
Resolution/Ordinance
Res Ord Num
R2002-192
Res Ord Title
AUTHORIZING DEVELOPMENT AGREEMENT NEAR NORTH REDEVELOPMENT PROJECT AREA - HOPE VI
Approved Date
10/7/2002
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
141
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
scheduled by Developer or DHA, and attempt to be responsive to such resident and community <br /> input. <br /> 2.1.10 Public Relations. Developer shall provide support as necessary and at no <br /> out-of-pocket expense to Developer, to the DHA- and City-lead public relation efforts, including <br /> press releases and publicity events. <br /> 2.2 Phase I Site Components. Developer shall develop and complete the Phase I Rental <br /> Component,the Phase I Homeownership Component and the Phase I Infrastructure Component in <br /> conformity with the requirements of this Agreement, subject to the following: <br /> 2.2.1 Phase I Infrastructure Component. The "Phase I Infrastructure <br /> Component"is treated as a distinct Component herein only for the purpose of establishing <br /> distinct requirements related to its development. This Phase I Infrastructure Component shall <br /> further be divided into Private Infrastructure Improvements, Public Infrastructure.Improvements, <br /> Public Street Infrastructure Improvements, and Public Landscape Improvements as defined in <br /> Exhibit C hereto. It is anticipated that the primary source of funds for the Phase I Infrastructure <br /> Component will be $4,500,000 in HOPE VI funds and capital funds contributed by DHA ("DHA <br /> Infrastructure Funds"). The City will contribute $2,600,000 for the Public Infrastructure <br /> Improvements of the Phase I Infrastructure Component, of which amount up to $300,000 will be <br /> available for the master planning services of Goody Clancy and Massie and Massie as provided <br /> in Section 2.1, hereof, ("City Infrastructure Funds"). With regard to anticipated funding for <br /> infrastructure in future phases of the Revitalization, the City Council has adopted Resolution No. <br /> R-2002-109. Exhibit M hereto is a letter from the City describing the contents of that resolution. <br /> It is anticipated that the flow of total project funds for all phases of the project, as that flow <br /> relates to the City's intention to invest in infrastructure,will include a draw from HOPE VI funds <br /> to fund Phase 1 infrastructure costs,which is in addition to the $2.6 million investment discussed <br /> herein. The method and timing of disbursement of the City Infrastructure Funds will be <br /> determined at a later date. Collectively, the City Infrastructure Funds and the DHA <br /> Infrastructure Funds shall be known as the"Phase I Infrastructure Financing." As a result, a <br /> condition precedent to the performance of the Phase I Infrastructure Component shall be DHA's <br /> prior approval of all such work and the City's prior approval of the plans for all such work <br /> located on a public right of way and/or identified as Public Infrastructure Improuements, and <br /> DHA's and the City's agreement to fund the cost thereof in the manner set forth above. DHA <br /> and the City shall commit to a coordinated review process. DHA and the City's additional <br /> obligations regarding the Phase I Infrastructure Component are further described in Sections 3.2 <br /> and 4.2 of this Agreement. <br /> The City Infrastructure Funds and the DHA Infrastructure Funds may be utilized by the <br /> Developer or any Owner Entity as agent for DHA and as a third party contractor for the City or may <br /> be loaned or granted to the Developer or Owner Entities on such financing terms as Developer and <br /> DHA and/or the City(as applicable)shall determine in regard to the applicable Party's Infrastructure <br /> Funds. <br /> Decatur Housing Authoriry Near North Impact Area Development Agreement <br /> Page 12 <br />
The URL can be used to link to this page
Your browser does not support the video tag.