HomeMy WebLinkAbout1300RESOLUTION NO. {3 0 (}
A RESOLUTION of the City of Kent,
Washington, authorizing execution of a
Contract of Sale for the Kent Senior Housing
Project between the City of Kent, the King
County Housing Authority, and Bellewood
Corporation.
WHEREAS, on November 6, 1990, the City Council approved
the issuance of 6.7 million dollars in general obligation bonds
for the construction of senior housing in the City of Kent, and
on November 21, 1990, the City issued and delivered those bonds;
and
WHEREAS, the cities in the state of Washington under
existing state law do not have the authority to own and operate
low income housing facilities; and
WHEREAS, the King County Housing Authority is legally
authorized to develop, own and manage housing for low income
senior citizens; and
WHEREAS, the Kent Senior Housing Advisory Committee has
recommended that the Authority own and operate Kent senior
citizen housing; and
WHEREAS, pursuant to a request for proposal, Developer
submitted a proposal for the construction and sale of senior
housing units in the City of Kent, which proposal was accepted by
the Kent City Council on or about June 4, 1991; and
WHEREAS, on or about June 13, 1991, the City of Kent
and the King County Housing Authority entered into a Housing
Cooperation Agreement for the Housing Authority to own and
operate Kent senior citizen housing; and
WHEREAS, on or about June 13, 1991, the Developer and
City entered into a "Preliminary Agreement to Contract for Sale
for the Kent Senior Housing Project"; and
WHEREAS, the parties are now desirous of entering into
a Contract of Sale for the Kent Senior Housing Project; NOW,
THEREFORE,
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON DOES
HEREBY RESOLVE AS FOLLOWS:
Section 1. The City Administration is hereby
authorized to execute an agreement between the City of Kent, the
King County Housing Authority, and the Bellewood Corporation for
the purpose of developing, owning and operating senior citizen
housing in the City of Kent pursuant to the terms and conditions
and in a form substantially similar to the Contract of Sale for
Kent Senior Housing Project currently on file with the City
Clerk, and further is authorized to execute any and all documents
necessary to effectuate the transaction(s) contemplated in said
agreement.
Passed at a regular meeting of the
city of Kent, Washington this ..3 /Lei., day of
2
ity Council of the
£ c_£+ vJ_,eJL/ , 19 91 •
:rUG Con~rred in by the Mayor of the City of Kent, this
T.. day of £J/:.x {£.-Y~J'"C/t--, 19 91.
, MAYOR PRO TEM
ATTEST:
rd:L£->L~ d C~-eA/
BRENDA JACO~R, DEPUTY CITY CLERK
APPROVED AS TO FORM:
I hereby certify that this is a true and correct
of Resolution No. /!JDD , passed by the City Council of
City of Kent, Washington, the ~3 4 d day of JCf}Q(.Q~-eA-./ ,
copy
the
1991.
srhs.res
3
(SEAL)
DEPUTY CITY CLERK