HomeMy WebLinkAbout0424_420APHA -2481
„ C.A., Page 2
Dedember 1955
420k
(b) Each such annual Payment in L_eu of Taxes shall be made after the
end of the fiscal year established for such Project, and shall be in an
amount equal to either (i) ten percent (10)% of the aggregate Shelter
Rent charged by the Local Authority in respect to such Project during
such fiscal year, or (ii) the amount permitted to be paid by applicable
State law in effect on the date such payment is made, whichever amount
is the lower. For the purpose of computing the Federa] Annual
Contribution and Payment in Lieu of Taxes, all projects which are
covered by the same contract with the PHA for annual contributions and
which have cooperation agreements subject to limitation as expressed in
clause (ii) above, with the identical Taxing Bodies shall be treated
collectively as a single project.
(C) The Local Authority shall distribute the Payments in Lieu of Taxes
among the Taxing bodies in the proportion which the real property taxes
which would have been paid to each Taxing Body for such year if the
Project were not exempt from taxation bears to the total real property
taxes which would have been paid to all of the Taxing Bodies for such
year if the Project were not exempt from taxation; Provided, however,
That no payment for any year shall be made to any Ta::ing Body in excess
of the amount of the real property taxes which would have been paid to
such Taxing Body for such year if the Project were not exempt from
taxation.
(d) Upon failure of the Local Authority to make any Payment in Lieu of
Taxes, no lien against any Project or assets of the Local Authority shall
attach, nor shall any interest or penalties accrue or attach on account
thereof.
4. The Municipality agrees that, subsequent to the date of initiation (as
defined in the United States Housing Act of 1937, as amended) of each Project and
within five yev.rs after the completion thereof, or such further period as may be
approved by th,: PHA, there has been or will be elimination (as approved by the PHA)
by demolition, condemnation, effective closing, or compulsory repair or improvement,
of unsafe or insanitary dwelling units situated in the locality or metropolitan
area in which such Project is located, substantially equal in number to the number
of newly constructed dwelling units provided by such Project; Provided, That,
where more than one family is living in an unsafe or insanitary dwelling unit, the
elimination of such unit shall count as the elimination of units equal to the
number of families accommodated therein; and Provided, further, That,this Paragraph
4 shall not apply in the case o:; (i) any Project developed on the site of a Slum
cleared subsequent to July 15, 1949, and that the dwelling units eliminated by the
clearance of the site of such Project shall not be counted as elimination for any
other Project or any other low -rent housing project, or (ii) any Project located
In a rural nonfarm area.
5. During tile period commencing with the date of the acquisition of any part
of the site or sites of any Project and continuing 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 PHA in connection with such Project remain unpaid, whichever
period is t:ie longest, the Municipality without cost or charge to the Local Authority
or the tenants of such Project (other than the Payments in Lieu of Taxes) shall:
(a) Furnish or cause to be furnished to the Local Authority and the tenants
of such Project public services and facilities of the some character and to
the same extent as are furnished from time to time without cost or charge to
other dwellings and inhabitants in the Municipality;
(b) Vacate such streets, roads, and alleys within the area of such Project
as may be necessary inthe development thereof, and conveywithout charge to
the Local Autho4ty such interest as the Municipality may have in such
vacated areas, and, insofar as it is law,.fully able to do so without cost or
expense to the Local Authority or to the Municipality, cause to be removed
from such vacated areas, insofar as it may be necessary, all public or private
utility lines and equipment;
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