.ODg0.ODg0

THE MINUTES OF A REGULAR MEETING OF THE HOUSING AUTHORITY OF THE CITY OF ATLANTA, GEORGIA HELD ON THE 18TH DAY OF NOVEMBER, 1969 The regular meeting of the Commissioners of the Housing Authority of the City of Atlanta, Georgia, held on the 18th day of November, 1969, at 3:00 P.M., in the Conference Room of the Authority, 824 Hurt Building, Atlanta, Georgia. The meeting was called to order by the Chairman, and upon roll call, those present and absent were as follows: Present Mr. Edwin L. Sterne Mr. Jack F. Glenn Mr. J.B. Blayton Absent Mr. George S. Craft Vacant The Chairman declared a quorum present. Upon motion made by Mr. Glenn and seconded by Mr. Blayton, the following resolution was unanimously adopted: [ RESOLVED that Dr. William Holmes Borders is hereby elected a Commissioner of the Housing Authority of the City of Atlanta, Georgia to serve for the remainder of the present unexpired term of the late Frank G. Etheridge. The Minutes of the Regular Meeting of November 3 C 4, 1969, were approved. Upon motion made by Mr. Blayton and seconded by Mr. Glenn, the fol lowing resolution was unanimously adopted: �tr Upon motion made by Mr. Blayton and seconded by Mr. Glenn, the following resolution was unanimously adopted: -\ 7 -, '- \, \ \, '\ ' \ ,, \. \ \ \ \ \ , "\ J ·~ �____,___ ' ...,. HJD-$272b JUne 1968 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Commissioner The following resolution was introduced by _ _ _ _ _ _ _ _ _ _ _ __ -~Bl=a::.oiyt~o:..:;n:..__ _ _ _ , read in full and considered: ,, l HUD- 52 7Zb ·,. �lil'D-): l.J -~ (J,·,,~•·:,· rl:; i'ilA~;·, 1) ,I 4,~;-M liF.; :'IJ,.llTION HO. ________ ko~•: 1 -. · 1 :,,~1 111omrdin~ $ 9,755,000.UO principal arrcunt. f }!(.;; ii',1: :,1, :L Au t ro r lty.,,j,-c,_n.c,d_o_c,---~:,-[!-, , v_c_n_t.,...h---,Irs-suo) 0 f 0 _!!!.£..,!lc>~~in:: Al:th,:,rity of the City of Atlnnta, Georr.ia

~iri:.P:.~ The Hou!lin'.; Authority of tire City of /,tlanta, C~or~i.-i (hereir. csiD.P.,1 •r.or,J J, ,; thor1ty") has received, in response to its advertisel'l<~r. t., :-.•,.:-.i'Xi pro1: c:-: .,,l.:;i :c1 ot !.t:t: rvr.:h.a.:io of$ 9,755,000.00 principal amount

tlcw Hc-'.li;ine t..ut.!,c.r·:. 1,y iL: :d:! ( NC7,,l 'l'Hw?:F'0~t!:: 1 Sccticn l. .,;:; rssue) (herein called Seventh !T iir.SOLVr.'.D by the Local Autl1ority: ~t:13 p:-cpc ~:.l of an interest. rate of

6 % per ann\lffl to be borr.o t:; U-,,.:: 3or,:is :mu the offer to pay for such Bonds at par and accrued intere~t to t : :,:; ~t~· oi c\clivtiry plus a prerdmwn cf t-.9.._,~....15._5_.__n_n_________ .1 eubr.\i t.t,?d by ___n_~,_}_!r.F._·_.RS __ T_ R_ll_ST_co_:_:P_,\_N__..Y,_E_T_A_L_*_ _ _ _ _ _ in t.'le form hereto ..r.nexed ..c 51:-:- ··.i':,:: :'. a,~ m:.:!i.bit 1:, r.eroby accepted. ,;,!,e pru;;c.:ials

.;1ri

offer~ of the follo.,,ring at the indicated int-eres•. r ,, u,s ::..r..:I premi rr.u:r.s are hereby rejected: Interest Pre1r.iul!I I i IClm Seotien J. The S<"c rct:irv is authorized and directed to (a) 1,,imcc!!ate::.y noti fy tt,e ouccessful bidder by telegram (with a confir;,,ation by lett..•r) or tho aw.:ird of the Bor.ds, (b) return imediately the good faith . deposits e r.clo~ ~:~ :.-r ·~th the proposals which are rej~ted., (c) deposit the . r,oo-i f r.~ ~'1 .:!eposi t ir, a spncbl a r,::ount within the General Fund to be held as e;:;-:",;,!": ty 'L y t 'r'.E: Loc;,.l ;,1,;t.'1or:! ty \.:: til rt?le.;sed thcrefro1r. pursuant to the provic;for.s o!: +..~c arl·: crt::.~encnt and proposal, and (d) take such other action as r.i&y be r"1uirc'.i ~o carrJ out the a.iard ·or ~he Bonds. Sc~tio~ ~.

T!'li:i Resolution :ihall take effect i=ediately. Hie lps Fe nn & Comp:my Otemic al Bank HaITis Trust a nd s ~vinr;:i Ba nk filyth & Co., Inc . lkhman Brothers Kuhn, Loeb & Co. The Cha:ic M.'.lnh.'.ltt~n 13.'.lnk, N.A. JODrr 1'1ANAGERS AND ASSOCIATES Bank c.f America The Flrst Bo:iton Corp. ·• �HUD-52.302D Much 1967 (Fonnerly PHA~2.302D) FORM OF ffiOPOSAL TO BE co:-[PLETED, DAr.:.D, AND ADDRESSED TO TIC:: LOCAL AlITl!CiUTY The Housing Authority of the City of Atlanta 1 Georr, ia Novcrnber 6 _.......,;;--a;.;;;.a_.;;;...._.___ 19~ ~ 824 Hurt Building 4tlanta. Georgia 30303 Gentlement For the $ 9,755,000.00 Housing Authority Bonds of aggregate principal l!J'llount of Nev The Housing Authority of the· City of AE!anta, Georgia (herein called the "Local Authority) described in your official l!otice of Sale published in The Dail:,· !!ond Buyer on _s_e_.p_t_e_m_b_e_r_1_0_ _ _ _ _ _ _ , 19~9, •1hich Notice of Sale is incorporated herein by reference and is made a part of t h1 3 proposal, ve propose an interest rate of ____s_i.x _________ per cent ( 6 )% per annwn to be borne by all of such Bonds and offer to pay for S..!Ch bonds, bearin& interest at such rate, par and accrued interest to the date of deHver-J plus a premium of S__.9'-"'•..._7"'°'55~,o;;.;;o_ _ _ _ _ _ _ _ __ Said Bonds shall mature as set forth 1n the schedule of annual. m&turities as prescribed by the Local Authority at the above interest rate. In accordance W'ith the tems of the above-r:ientioned Notice of Sale, we enclose hereW'ith a certified or bank cashier's or treasurer's check for $.__1_9_5_.,_l_o_o_.o_o_____ payable to your order as a good faith deposit. This proposal is subject to the approval of the validity of the Bonds by our attorneys, l·'.essrs. ___ _!~~-a_l_d_i_n_.g..__ _ _ _ _ _ _ _ _ _ _ _ _ of Atlanta , Georgi a • Such attorne:,s will (a) furnish a copy of their approvin 6 opinion to the Local Authority when issued, (b) prepare all docur.ients necessarJ to evidence t he validity of the Bonds sul::sequent to the award, or for corrective action prior t hereto, and (c) provide advice and assi stance to the Local Authority in connection with accomplishing such other actions as may be reasonably necessary to the validity of the Bonds and the deliver-.r thereof in ·accordance with the contract to purchase tile Bonds. The fees and charges of such attorneys will be borne by the undersicned. The undersigned a grees to accept delivery of and pay for all of the above described Bonds within seventy-two hours after notification to the undersigned by you that said Bonds are ready for delivery. I ! this proposal is accepted by you, the proceeds of the good faith deposit check are to be retained by you as part payment against deliver-,r of and payment for · said Bonds , or to be retained by you as liquidated damages in the event that we should fail to take up and pay for the Bonds in compliance with this proposal. The U10unt of the good faith depvsit is to be returned by you to us on the failure on your part to per fc m in accor dance with t he ter.ms of said Noti ce of Sale and this proposal , or at our election to be relieved of our obligations hereunder in the trn1nt that prior t o payment . fo r such Bonds the int erest received by private holders from bonds i ssued by public housing agencies in connection with low-rent housing or slwn clear anc e projects shall be taxable by the terms ot any Feder al law hereaft P.r enacted. Banker s Trust Company Phelps Fe nn & Company Chemical Bank Harris Trus t and Savings Ba nk 'l'he Chase Manh at t an Bank, N.A. JOOO MANAGERS AND AS3'.J CIATES Blyth & Co" 'Inc ~ . · Ba k T t C n_e~r~:s;..._ru

..;;;;s;:;.;...;:,;o_m~p_a_n~y'----Lehman Brothe r s -&"-·- = -

Kuhnkn, 0£Loeb & Co . Isl ______ Rob ert Wanglund Ba Americ a _....__._ .____E, ....___ __._=.:="---As sistant Vice Presi dent Co The First Boston rp . (Ho addition, alteration, or change is to be l!Wie to the above proposal.) �I\' HUD-S272g (Formerly PHA-272g) September 1966 c_o_"'_m_i_s_s_i_on_c_r_ _ _.;;.B.;;.l,;,i nyt.:..;;.;o;.;.n.:......_ _ _ _ _ _ _ _ IIOTed that the going reaolution be adopted aa introdueed and read, which motion seconded b:, Commissi oner Gle nn , and fore- va.111 upon roll call the "Ayes" am "Nays" were as tollowas ADS .HA1S Mr. F.clwin L. Sterne Mr. J, B. Blayton Mr. Jack F. Glenn None The Ch.airman thereupon declared said ad.ion carried and said resolution adopted. The tollM~ resolution wa.111 introduced by

Commis sioner _ _ _ _B_l_a...,yt ...., o_n_ _ _ _ _ _ _ _ _.,., read 1n .f\1ll and. comidereds R&SOUJTIOH NO. _ __ Rl!SOLOTION EVI IENCIKl APPOINl'MmT OF FlSClL AGENl' AND Atrl'HORIZI?ll EXECUTION OP' J.. FISCAL .AGENT AOREEME!rl'. Bl IT RESOLVED BY THE COMMISSIONERS C, THE HOUSING AUTHORITY OF THE CITY OF ATI.ANTA, GEORGL\ Section 1. That The Housing Authority of the City of Atlanta. Georgia _ _ _ _ _ _ _ _ , shall enter into a Fiecal Agent Agree111111nt with _ c_o_mp,;,.a_n..;y_o_f_G_e_or..;g"-i-a..;,_A_t_la_n_t_a..;,_G_eo_r ..;g"-i-a_ _ _ _ _ _ _ _ 1D Trust aibetantially the form set forth u.rxier Section 3 hereof. Section 2. The Qi.airman aoo/or Vice-Ql&irman is hereby authorized and direr.~-,1d to execute said Fiec:il Agent Agreement as set .forth .;.:ner Section .3 !lereof, on behalf or thic Authority-, and the Secretary !..s hereby auth.: rized and directed to i-:ipress •.-he seal or this Authority thereon and to attest such seal, and to transmit fiTe copies thereof to the Housi~ .Aasistance Administration. Section J. The Fiscal Agent Agreement referred to here!n shal ,. be 1D nbet.antially the follmn~ torm: •• �3G-0362 Pagel of 3 RUD-52173A (Group Financlng) January 1967 - Reiion 111 FISCAL AGi,;Nl' AGREEMENT THIS AGREEMENT, entered 1.nto thla day of by and between The Housing Authority of the City of Atlanta, Georgia 19 • Cheraln called the "Agent Authority"), a duly organlzed and exiating public body corporat• and polltic of the State Trust Company of Georgia of Georgia • IDd (herein called the "Placal Agent") 1 located at Atlanta, Georgia WITNESSE'nti Wl!EREAS, a certain agreement dated u of July 23, 1969 (herein 1 called the "Financing Agreement") between the Agent J.uthority and certain other housing author1tie8 which are or may become parties to the Financing Agreement (each of \Jhich is herein called "Member Authority") provides for cooperation in the exerci.ae of their powers for the purpose of collectively financing certain lov• rent housing projects of each Member Authority; and WHERE:AS, certain contracts (herein collectively and individually called the "Annual Contributions Contract") between each member Authority and the United States of America (herein called the "Government and in the Annual Contributiona Contract called the "Public HouainB Administration" or the "PHA") now or here.a fter included in the Financing Agreement provides for a loan and for annual contributions to be made by the Government to assi.at the Member Authority in developi.n1 and in achieving and maintaining the low-rent character of its low-rent houai.ng projects; WHEREAS, under the terms of the Financing Agreement, the Agent Authority acting on behalf of and for the Member Authorities agreeJI to issue Bonda and Notes and to designate a Fiscal Agent for the pay:nent of such· 3on ds and Notes 1 all as 1110re particularly descri~d in the Annuel Contributions Contract; and IJHEltF.A.S, each Bond aesolution adopted by the Agent Authority purauant to the Financing Agreement shall identify the pr o jects to be firuinced by the ia1ue of Bonds authorLzed by such Bond Resolution and e&ch Member Authority and ita Annual Contributions Contract in respect to any such projects; N~, nti'.llEFORE, in consideration of the mutual coven.ants hereinafter aet fortb, the parties hereto do agree .111,: fo I lows: 1. The Fiscal Agent has trust powers and is and ahall continue to be a 111911'ber of the Federal Deposit Insurance Corporation aa long as this Agreement la in force and effect. 2. nie Fiscal- A11.ent here'by accepts t he powers, <luties and obliga tions conferr e d and i.J:,?osed 1.. ?on it as Fiscal Agent by the Annual Contributions Contrect and by t he 3ond Resol utions which m..y be a do pt ed from time to time by the Agent Authority and each s ucce~so r A~cnt Authori ty pursuant to the Finan c ing Agreement and vhicb confer and i.i:.;io s e 1..;:,or, the Fi.seal .~e,e nt the same 0r s imilar :x:>"" e rs, c uties and obligations ""1tn res pect t n a adi t i onal ~ssues o f Donds 11s the Bond Re.solution authorizing the ~ssuance of the first issue of Bonds pursuant to the Financing Agreement . · 3. The Fiscal Agent shall, as provided in the Bond Resolutions, establish and mai ntain a Debt Serv i ce Fund and a n ,\ dva nc e All¥:lrtization F\Jnd for the receipt, deposit and dis bur se=nt of c:ioniea. Each Mem ber Au t hori ty shall deposit with the Fiscal Agent in t 'l c res;>ecti.ve Funds and the Fiscal .A gent shall accept for depoa i.t all monies (i.nclucing a nnu al contri~r.Lons payab l e to the Member .Al.lthority by the Govcrn::ient ""hich are de?O S Lted with the Ba nk as Fiscal Agent pur su ant to the Annual Contr i b\Jt i. ons C,rn :.ract ano c-.., Bond ~esolutions. All 1DOnie.s s o deposited with tbe Fiscal ~ge n~ shall be held by the F is ca l Agent in trust in the respective Funda and shall be a;i plied by the Fisc.l Agent as provided in t he Annual ·eontributiona Contrac t and the Bond Re so luti.ona. ·. �HUD-52173A (Group Financing) March 1967 - Region Ill 4. Page 2 of 3 A. The Fiscal Agent shall purchase, w·ith monies from the Debt Service Fund and the hdv3nce A.n0rti zntion Fund, and sell investment securities as the A11:ent i1uthority 1,1ith ti ,.- a:,;,roval of the Government may direct. The Fiscal Aeent shall in any event sell any such securities to the extent necessary to provide cash in t:1e Funds to make any payments or tranafera required to be made from said Funds pursuant to the Annual Contributions Contract and the Bond Resolutions. Such securities shall be held by the Fiscal Agent in s'afelteeping for account of the Funds and interest on such secur1t1es and the proceeds from the sale thereof shall be deposited in such Funds upon receipt. B. The Fiscal Agent shall honor any directive of the Comptroller of the Government to pa; any monies out of (1) the Debt Service Fund in excess of the amount necessary to provide for (i) the payment of the Bonds and , interest thereon and (ii) the Bond Service Carry-Over, as provided in the Bond Resolutions, and (2) the Advance Amortization -Fund, to any Member Authority or to the Government, and shall upon request, advise the Government of the balances in said Funds. 5. All monies held by the Fi.seal Agent in the Debt Service Fund and in the ~dvance Amortization Fund shall be secured at all times by the Fiscal Agent with either direct obliiations of the United States of America or obligations of a public housing agency as required by and described in the Bond Resolutions which may be adopted from time to time tr/ the Agent Authority pur~~ant to the Financing Agree- ment. 6. On or before each date of maturity of the principal of and interest on the Bonds authorized under the Bond Resolutions, the Fi.seal Agent shall make provision for the transfer of monies from the Debt Se rvice Fund to the bank or banks (herein collectively call ed the "Alternate Paying Agent") specified in the Bond Resolutions as the alternate place or places for the payment of the principal of and interest on any such Bonds in amounts sufficient to pay such principal and interest as the same mature or become due and are presented to the Alternate Paying Agent for payment. 7. The Agent Authority shall pay to the Fiscal Agent for its services and th3 services of the Alternate Paying Agent the following fees and charges: A. annual admini.s.tration charge of $100 plus 1/100 of 1% of the principal acnount of bonds in excess of one million dollars, but in no event to exceed $350 for each issue of Bonds~ B. For the payment of coupons of each issue of bonds: An 1~ each for each coupon of each maturity. c. For the payment of bonds (registered or coupon) of each issue: $1.25 per bond. D. For the payment of ii:tcres~ on registered bonds: 25C per check disbursed. E. For registration of bonds: An -F. initial fee of SOC f or the registration of each bond. For_ sorting, listing, cremating, and furnishing certificate of cremation: lC for each coupon and 1½¢ for each bond or minimum of $10 for each semi-annual cremation. The Fi.sea} Agent agrees to pay all fees and charges of the Alternate Paying Agent �3G-0362 HU[t'52173A (Group Financing) January 1967 - Region Ill Pace 3 of 3 8. The rights and dutie.s of the Fiscal >gent under this Agreement shall not be transrerred or assigned nor shall this Agreement be terminated by either party except that upon the assignment or termination of the rights, powers, and dut id of the Fiscal Agent pursuant to the terms of the Bond Re.solution.,, thh Agreement shall be similarly assigned or terminated. 9. The Agent Authority and the Fi.seal Agent agree that at the end of three years or such earlier time as reasonable aecurate data are available to el1able the determination of the reasonableness of the fees set forth above for the services of the Fiscal Agent and the Alternate Paying Agent, the parties shall renegotiate the amount of such fees by decreasing or incre.asing such amount to provide a re.aaonable margin of profit for the services provided for hereunder. 10. Thi.a Agreement may be executed in several counterparts, each of which shall be deemed to be an original and such counterparts shall constitute one and the •ame instrument. IN WITNESS :.Jl,EREOF, the Agent Authority and the Fiscal Agent have caused this Agreement to be exec11ted in their respective names and their respective seals to be impressed hereon and attested all as of the date and year first abo~e written. 1llE HOUSING AUTilORITY OF THE CITY OF Agent Authority ATLANTA 0 GEORGIA (SEAL) ATrEST: By_ _ _- - , - - - , - - - - - - - - - - - - - - Cha irman Secretary (SEAL) TRUST COMPANY OF GEORGIA Fi.seal Agent AITEST: By_ _ _ _ _ _ _ _ _ _ _ _ __ ,,.. �'( I • ~ r . Upon motion made by Mr. Glenn and seconded by Mr. Blayton, the following resolution was unanimously adopted: WHEREAS, the Urban Redevelopment Plan for the Bedford-Pine Urban Redevelopment Area proposed that privately owned utilities be placed underground in the streets adjoining the City of Atlanta Civic Center; and WHEREAS, the placement of privately owned utilities underground is an eligible project cost; and WHEREAS, an agreement to install said utilities underground has been drawn up and approved by the Georgia Power Company; NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of theHousing Authority of the City of Atlanta, Georgia, that the Executive Director be and is hereby authorized to execute a contract in the form attached hereto with the Georgia Power Company for $523,561 for the purpose of placing their facilities underground in the streets adjoining the City of Atlanta Civic Center. t Upon motion made by Mr. Blayton and seconded by Mr. Glenn, the following resolution was unanimously adopted: [ WHEREAS, in response to our Invitation to Bid, the following bids for the demolition and site clearance of certain buildings and structures in the Bedford-Pine Urban Redevelopment Area, Project GA. A-2-1, were received and opened publicly and read aloud at 2:00 P.M., (E.S.T.) on the 7th day of November, 1969, at the office of the Housing Authority of the City of Atlanta, Georgia. BIDDERS BIDS Hudgins and Company, Inc. Complete Wrecking & Grading, Inc~ Continental Wrecking Corporation $16,636.00 14,764.00 7,988.00 WHEREAS, Continental Wreckin$ Corporation having submitted the lowest bid in the amount of $7,988.00; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE HOUSING AUTHORITY OF THE CITY OF ATLANTA, GEORGIA; That the Executive Director be and is hereby authorized and directed to enter into a Contract with Continental Wrecking Corporation for the demolition and site clearance of certain buildings and structures in the Bedford- Pine Urban Redevelopment Area, Project GA. A- 2 - 1, as covered by their bid received on November 7, 1969. · -- -C . --- �