Dublin Core
Title
Box 3, Folder 5, Document 5
Text Item Type Metadata
Text
WENT On
/ li
I3430 = Room 6k5 C. .
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT op
PEACHTREE SEVENTH BUILDING, ATLANTA, GEORGIA 30323 on
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ak
Ro: * ys
a
ol tna! 4
REGU ice of the Regional Adwinistrotor / ere nla
i t ny A vv
| U he ck IN REPLY REFER TO
Fe v \ | \
f\ ‘
\ ry os 3RE
Mr, Lester H. Persella
Executive Director
Housing Authority of the
City of Atlanta
62h Hurt Building
Atlanta, Georgia 39353
Dear Mr. Persellis:
Subject: Project No. Ga. Rell
University Center Urben Renewal Area
Part ei. Amendsent Ne. 9 to the Urben Renewal
Po an and Loan and Grant Contract
I am pleased to confirm the telecsraphic announcement that the Assistant
Secretary for Renewal andi Housing Assistance has executed an amendutory
allocation order authorizing the revision of your existing Contract for
Loan and Grant and Urban Renewal Plen. Subject to your executicn of
an amendatory contract, this amendatory allocation order will inerease
the amount of the Federal capital prant authorization by $310,51: to
a total of $5,555,629 and increase the aizount of the loan authorization
by $122,764 to a total of $3,760,427.
Your attention is directed to the fact that the Loan and Grant Contract
expressly states that the Goverment hes no obligation to enter into
any contract for additional Federal Pinancial assistance in connection
with this project.
You are hereby advised that we have no intention of increasing the
project capital grant from the omount now approved, except for increases
which might arise pursuant to future Federal legislation. It is therefore
your responsibility to monitor the carrying out of activities pursuant to
this contract in such a way that, if project costs should increase, you
will te able to act promptly to prevent overrunning the budget on which
the Federal grant is based. In such circumstances, and regardless of
the reason for the additional costs, you should reduce the scope of project
costs and activities so as to be able to complete the project with the
present project capital grant. The only alternative means by which the
Local Public Agency could fulfill its obligation to complete the project
would be by obtaining any necessary additional funds from non-Federal
sources; contritution of such funds to tne project would not constitute
&@ local granteineaid. This should be made known to the governing body of
the Local Public Agency, and to the chief executive and governing body of
the locality.
Enclosed are Forms HUD-6209, Project Cost Estimate ond Financing Plan, and
HUD-6220, Project Expenditures Budget, with an explanation of differences
hetween requested and approved amounts. Our approvel of the project
expenditures budget constitutes a concurrence in your incurring costs in
conformity with such budget from the date of approval thereon.
Sincerely yours,
Lh =, C LE we —
_f Bdward H. Baxter
YHYRegional Administrator
Enclosures
ec: Mr. Howard Openshaw
/ li
I3430 = Room 6k5 C. .
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT op
PEACHTREE SEVENTH BUILDING, ATLANTA, GEORGIA 30323 on
\
ak
Ro: * ys
a
ol tna! 4
REGU ice of the Regional Adwinistrotor / ere nla
i t ny A vv
| U he ck IN REPLY REFER TO
Fe v \ | \
f\ ‘
\ ry os 3RE
Mr, Lester H. Persella
Executive Director
Housing Authority of the
City of Atlanta
62h Hurt Building
Atlanta, Georgia 39353
Dear Mr. Persellis:
Subject: Project No. Ga. Rell
University Center Urben Renewal Area
Part ei. Amendsent Ne. 9 to the Urben Renewal
Po an and Loan and Grant Contract
I am pleased to confirm the telecsraphic announcement that the Assistant
Secretary for Renewal andi Housing Assistance has executed an amendutory
allocation order authorizing the revision of your existing Contract for
Loan and Grant and Urban Renewal Plen. Subject to your executicn of
an amendatory contract, this amendatory allocation order will inerease
the amount of the Federal capital prant authorization by $310,51: to
a total of $5,555,629 and increase the aizount of the loan authorization
by $122,764 to a total of $3,760,427.
Your attention is directed to the fact that the Loan and Grant Contract
expressly states that the Goverment hes no obligation to enter into
any contract for additional Federal Pinancial assistance in connection
with this project.
You are hereby advised that we have no intention of increasing the
project capital grant from the omount now approved, except for increases
which might arise pursuant to future Federal legislation. It is therefore
your responsibility to monitor the carrying out of activities pursuant to
this contract in such a way that, if project costs should increase, you
will te able to act promptly to prevent overrunning the budget on which
the Federal grant is based. In such circumstances, and regardless of
the reason for the additional costs, you should reduce the scope of project
costs and activities so as to be able to complete the project with the
present project capital grant. The only alternative means by which the
Local Public Agency could fulfill its obligation to complete the project
would be by obtaining any necessary additional funds from non-Federal
sources; contritution of such funds to tne project would not constitute
&@ local granteineaid. This should be made known to the governing body of
the Local Public Agency, and to the chief executive and governing body of
the locality.
Enclosed are Forms HUD-6209, Project Cost Estimate ond Financing Plan, and
HUD-6220, Project Expenditures Budget, with an explanation of differences
hetween requested and approved amounts. Our approvel of the project
expenditures budget constitutes a concurrence in your incurring costs in
conformity with such budget from the date of approval thereon.
Sincerely yours,
Lh =, C LE we —
_f Bdward H. Baxter
YHYRegional Administrator
Enclosures
ec: Mr. Howard Openshaw
Comments