HomeMy WebLinkAbout0423_419APBA 24B1 419 Pf
Dec. 1955
COOPERATION AGREEMENT
This Agreement entered ia :o this -, 31 day of July 1 19 _�7 ,
by and between the Housing AutheritZ of the City of Gsorgetewn, Texas (herein
called the "Local Authority") and the City of Geergetevm, Texas
(herein called the "Municipality")�, witnesseth:
In censideraV.on of the mutual covenants hereinafter set forth, the parties
hereto do agree as follows:
1. Whenever used in this Agreement:
(a) The term "Project" shall mean any low -rent housing hereafter
developed as an entity by the Local Authority with financial
assistance of the Public Housing Administration (herein called the
"PHA"); excluding, however, any low -rent housing project covered by
any contract for loans and annual contributions entered into between
t_ie Local Authority and the PHA, or its predecessor agencies, prior
to the date of this Agreement.
(b) The term "Taxing Body" shall mean the State or any political
hubdivision or taxing unit thereof in which a project is situated
end which would have authority to assess or levy real or personal
property taxes or to certi.1"y such taxes to a taxing body or public
officer to be levied for ita use and benefit with respect to a
project if it Frere not exempt frcm taxation.
(c; The term "Shelter Rent" shall mean the total of all charges to
all tenants of a project for dwelling rents and nondwelling rents
(excluding all other inccme of such project), mess the cost to the
Local Authority of all dwelling and nondwelling utilities.
(d) The term "Slum" shall mean any area where dwellings predominate
which, by reason of dilapidation, overcrowding, faulty arrangement
or design, lack of ventilation, light or sanitation facilities, or
any combination of these factors, are detrimental to safety, health,
or morals.
2. The Local Authority shall endeavor (a) to secure a contract or con-
tracts with the PHA for loans and annual contributions covering one or more
projects comprising approximately ba units of low -rent housing and (b) to
develop and administer such project or projects, each of which shall be located
within the corporate limits of the Municipality. The obligations of the parties
hereto shall apply to each such project.
3. (a) Under the constitution and statutes of the State
Of Teams , all projects are exempt from all real and
personal property taxes and special assessments levied or imposed by
an Taxing Body. With respect to any project, so long as either
(i) such project is owned by a public body or governmental agency and
is used for low -rent housing purposes, or (ii) any contract between
the Local Authority and the PHA for loans or annual contributions, or
both in connection with such project remains in force and effect, or
(iii$ any bonds issued in connection with such project or any monies
due to the PEA in connection with such project remain unpaid, which-
ever period is the longest, the Municipality agrees that it will not
levy or impose any real or personal property taxes or special assess-
ments upon such project , upon the Local Authority with respect
thereto. During such peritd, the Local Authority shall make annual
payments (herein called "Payments in Lieu of Taxes") in lieu of such
taxes and special assessments and in payment for the public services
and facilities furnished from time to time without other cost or
charge for or with respect to such.project.
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