HomeMy WebLinkAboutResolution 62-2001 RESOLUTION NO. 62-01
RESOLUTION DISSOLVING THE CITY OF BROOKINGS HOUSING AND
REDEVELOPMENT COMMISSION FOR THE PURPOSE OF ELECTING TO
PARTICIPATE IN THE BROOKINGS COUNTY HOUSING AND REDEVELOPMENT
COMMISSION.
BE IT RESOLVED by the City Council of the City of Brookings, South Dakota(the
City) as follows:
Upon the effective date of this Resolution,the City of Brookings Housing and
Redevelopment Commission shall cease to exist, except for the purpose of winding up its affairs.
All of the rights, contracts, obligations, and property, real and personal, of the City of Brookings
Housing and Redevelopment Commission shall be transferred to and become vested in the
Brookings County Housing and Redevelopment Commission,provided that all bonded
indebtedness, if any, issued by the City of Brookings Housing and Redevelopment Commission
shall remain a lien against the income and revenues of the housing project pledged to the
payment of such bonds. All rights and remedies of any person against the City of Brookings
Housing and Redevelopment Commission may be asserted and enforced against the Brookings
County Housing and Redevelopment Commission to the same extent that they might have been
against the City of Brookings Housing and Redevelopment Commission.
Passed and approved this 10`t' day of December 2001.
CITY OF BROOKINGS
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Virgil erriott, Mayor
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