Laserfiche WebLink
G. Section 6 is amended by inserting a new Subsection I. HRA Levy Funds Previously <br />Collected. that reads as follows: <br />I HRA Levy Funds Previously Collected. At the option of the ACHRA, the <br />ACHRA may use ACHRA levy funds previously collected in the City to <br />accomplish the following: <br />1. Fund replacement and operating reserves for the Project. <br />2. Contribute equity to the Project in the amount of $320,000. <br />H. It is the intent of the parties that all provisions of the Joint Powers Agreement shall <br />remain in full force and effect, except as specifically amended herein. <br />I. Termination. In the event that the ACHRA determines, in its sole discretion, not to <br />refund the Original Bonds and to issue the Project Bonds, the ACHRA shall provide <br />written notification to the City of its determination. Upon such notification in <br />writing, this Amendment No 1 shall be terminated, whereupon all rights and <br />obligations set forth in this Amendment No. 1 shall become null and void and all of <br />the provisions the Joint Powers Agreement shall be in full force and effect. <br />IN WITNESS WHEREOF, the parties have executed this Amendment No. 2 to the <br />Joint Powers Agreement on the date above written. <br />ANOKA COU NTY HOUSING AND CITY OF RAMSEY <br />REDEVELOPMENT AUTHORITY <br />By: B <br />Paul McCarron Tom Gamec <br />Its Chairman Its Mayor <br />Dated: Dated: <br />ATTEST: <br />By: <br />Tim Yantos Kurt Ulrich <br />Its Executive Director Its City Administrator <br />Dated: Dated: <br />APPROVED AS TO FORM: APPROVED AS TO FORM: <br />Assistant County Attorney <br />By: <br />City Attorney <br />