Las Vegas City Commission Minutes, January 7, 1947 to October 26, 1949, lvc000006-527

495 between the Local Authority and the PHA for loans or annual contributions, or both, in connection with such Project shall remain in force and effect, or (c) any bonds issued in connection with such Project shall remain outstanding, whichever period is the longest, the city agrees that it will not levy or im­pose any real or personal property taxes upon such Project or upon the Local Authority with respect thereto. During such period, the Local Authority shall make annual payments (herein called "Payments in Lieu of Taxes") in lieu of such taxes and in payment for public services and facilities furnished for or with respect to such Project. Each such annual Payment in Lieu of Taxes shall be made after the end of the fiscal year established for such Project, and shall be in an amount equal to Either (a) ten percent (10%) of the aggregate Shelter Rent charged by the Local Authority in respect to such Project during such fiscal year, or (b) the amount to be paid by applicable state law in effect on the date of this Cooperation Agreement, whichever amount is the lower; provided, however, that upon failure of the Local Authority to make any such Payment in Lieu of Taxes, no lien against any Project or assets of the Local Authority shall attach. The City shall distribute the Payments in Lieu of Taxes among the Taxing Bodies in the proportion which the real property taxes which would have been paid to each Taxing Body for such year if the Project were not exempt from taxation bears to the total real property taxes which would have been paid to all of the Taxing Bodies for such year if the Project were not exempt from taxation; provided, however, that no payment for any year shall be made to any Taxing Body (including the City) in excess of the amount of the real property taxes which would have been paid to such Taxing Body for such year if the Project were not ex­empt from taxation. 4. The City agrees that, subsequent to the date of initiation ( as defined in the Act) of each Project and within five years after the completion thereof, or such further period as may be approved by the PHA, there has been or will be elimination ( as approved by the PHA) by demolition, condemnation, effective closing, or compulsory repair or improvement, of unsafe or insanitary dwelling units situated in the City not less in number than the number of newly constructed dwelling units provided by such Project; provided, that, where more than one family is living in an unsafe or insanitary swelling unit, the elimination of such unit shall count as the elimination of units equal to the number of families accomodated therein; and provided, further, that this paragraph 4 shall not apply in the case of any Project developed on the site of a Slum cleared subsequent to July 15, 1949, and that the dwelling units eliminated by the clearance of the site of such Project shall not be counted as elimination for any other Project or any other low-rent housing project. 5. During the period commencing with the date of the acquisition of any part of the site or sites of any Project and continuing so long as either (a) such Project is used for low-rent housing purposes or (b) any contract between the Local Authority and the PHA for loans or annual contributions, or both, with respect to such Project shall remain in force and effect, or (c) any bonds issued in connection with such Project shall remain outstanding, whichever period is the longest, the City without cost or charge to the Local Authority or the tenants of such Project (other than the Payments in lieu of Taxes) shall: (a) furnish or cause to be furnished to the Local Authority and the tenants of such Project (i) the public services and facilities which are at the date hereof being furnished without cost or charge to other dwellings and inhabitants in the City including but not limited to: educational, fire, police, and health protection and services; maintenance and repair of public streets, roads, alleys, sidewalks, and sewer systems(but not including treatment and disposal of sewage); snow removal; street lighting on public streets and roads within such Project a nd on the boundaries thereof; and adequate sewer services for such Project; and (ii) also such additional public services and facilities as may from time to time hereafter be furnished with­out cost or charge to other dwellings and inhabitants in the City; (b) vacate such streets, roads, and alleys within the area of such Project as may be necessary in the development thereof, and convey without charge to the Local Authority such interest as the City may have in such vacated areas: and, insofar, as it is law­fully able to do so without cost or expense to the Local Authority and/or to the City, cause to be removed from such vacated area, insofar as it may be necessary, all public or private utility lines and equipment; (c) insofar as the City may lawfully do so, grant such waivers of the building code of the City as are reasonable and necessary to promote economy and efficiency in the development and administration of such Project; and make such changes in any zoning of the site and surrounding territory of such Project as are reasonable and necessary for the development and protection thereof; (d) accept grants of easements necessary for the development of such Projects; and (e) cooperate with the Local Authority by such other lawful action or ways as the City and the Local Authority may find necessary in connection with the development and administration of such Project. 6. In respect to any Project the City further agrees that within a reasonable time after receipt of a written request therefor from the Local Authority: (a) it will accept the dedication of all Interior streets, roads, alleys, and adjacent sidewalks within the area of such Project after the Local Authority, at its own expense, has completed the grading, improvements, and paving thereof in accordance with specifications acceptable to the City; and (b) it will accept necessary dedications of land for, and will grade, improve, pave and provide sidewalks for, all streets bounding such Project or necessary to provide adequate access thereto,(in consideration whereof the Local Authority shall pay to *. the City such amount as would be assessed against the Project site for such work if it were privately owned); and (c) it will provide, are cause to be provided, water mains, and storm and sanitary sewer mains, leading to such Project and serving the bounding streets thereof (in consider­ation whereof the Local Authority shall pay to the City such amount as would be assessed against the Project site if it were privately owned.) 7. If the City shall, within a reasonable time after written notice from the Authority, fail or refust to furnish or cause to he furnished any of the services or facilities which it is obligated here­under to furnish or cause to be furnished to the Local Authority or to any Project, then the Local Authority may proceed to obtain such services or facilities elsewhere, and deduct the cost therefor from any Payments in Lieu of Taxes due or to become due to the City in respect to any Project or any other low-rent housing