for nform tionaI
Wilburn Brown,
Executlv Dlr otor
MY.1cw..1 & 1011M1
The City of HIghland Perk OrdaJna:
Chapt 894, SecUon 894.07 of the Highland
P.-i< tAlnloIpeI Code Ie hereby amended to reed
-follows:
I
8�.07 RICHARD ALLEN COURT: (A)
OFFER OF SPONSOR. 894.01 Th City of
Highland Park cknowtedgee that the RIohard I
All n Courts Limited Dividends Housing
A. eel tlon/Llmlted Partn rehlp, a Michigan
Umlted Partne hlp to be formed, h off red,
subfect to the receipt of a Mortgage Loan form
the Authority or as Istance form HUD, to
renovate own and/or operate a Housing
o velopment Identified as Richard Allen
Courts on certain property located at 1913,
1941, 1981, 2003, and 2005 W. McNichols
d crlbed as follows: Lots 29-48 Inclusive
Hamilton Park Subdlvl Ion: Uber 28 P ge 52
.so Lob 68,69,70, and Lot 71 excluding the
trtang pt. meuurtng 3.83 ft. along the South
LDt line and 8.52 along the W .. t lot ne also
North pt. Lot 72 mNeU'lng 88.48 ttl � W
lot line at.o North pt, lDt 73 m .. � 14.97 ft.
.eng W .. 1ot line 4.95 along East lot line Log
CabIn Helghta subc:lvlslon Uber 31, Pege 52, 1
«ld 174 Hili, 176 Hili, 178 Hili, 1 &44 Hili, Hamilton
Part< Subclvt Ion U r 28, Page 52; and 17004
Log Cabin and 1 817012 Log Cabin de$ortbed : I
the North trtengul8l" pt. Lot 65 measurtng 46.60
ft. along east lot line and 21.38 ft. along North lot
, line, and the Eost pt. Lot 66 measuring 21.38 ft.
along South lot line and 34.85 ft. along North lot
IIno, Log Cabin Heights Subdivision Uber 31
Page 52, respectlvely.
In addition, the Richard Allen Courts
Limited Dividend Housing
Assoctatlon/Llmlted Partnership has offered
to pay to the City of Highland Park on aocount of
aa1d HOUsing Development an annual ervlce
charge for pubUo service In lieu of all taxes.
(B) CLASS OF HOUSING DEVELOPMENT:
It I. hereby determined thet the 01 of Housing .
Developments to which the tax exemption ohaIl
�y and for which a service c:hwge shall be
paid In lieu of auoh tax shall be Apartm.nt I
Rental. for peraon. and famlll .. of low and
mod .. ate lnoome financed or lated pursuant
to the Act. It Is further determined that Richard
Allen Courts Is of this oIaea.
(C) ESTABLISHMENT OF ANNUAL
SERVlCE CHARGE: The housing developmont
Identified as Richard Allen Court. and the
property on which It shall be situated shall be
exempt from all property taxes In the tax year .
following the filing of the certificate and
Y Th. Altlft n Co ,any
• P.ople Who Care·
equ.I t:touq �
Nv. ,
B.nton Harbor Ar.a chool.
Big .avlng. on new Wilburn Brown, Wayne R. H.mlngway
bedroom furniture ph. Executlv.Dlr.otor Purcha.lng Ag.nt Onon. ft.rnoonin1935, .
great prloe. on new in th •• pac. of 45 minut ••• �
rnIIltIWaa • Fu eIze J •••• Owens. the famous '
matt from $110 1YN.1()M1 Michigan Citizen Adv. 10/6/91 trick .tar. e.tablish.d rec-.
ord n four separate evenU.
and bunk·b d. from� � � -p '_ �
'120. � low prtoee on
day·bed., nd tabl s
and dr •••• r.. Call
Randy . at 342- 7092
between 8 a.m. to 11
p.m •• ev.n day. per
week. All purchuea
Include free very. 1 ORa
FOR ALE
FINANCIAL
Sl!RVICES
Do you need
HELPI
Weean HELP
you with
aankruptele ,
Repo8, Stop
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and more.
Call Multiplex
Financial
Con.ultant8
259-3300/3332.
. .
�------------------------------._--------------------------------��------�
I
notification of exemption 'equlrod by S c1lon
15a (1) of the Act with the local a •• esslng
official. Tho City of Highland Park.
acknowledging that the Richard All n Court.
Llmlt.d Dlvld.nd Hou.lng
A •• oolatlon/Llmlted Partn.r.hlp and the
Authority or HUD hav e.tabll.hed th
economic f IbiUty of the HouaIng Development
In reliance upon 1h enactment and oontlnulng
effect of thl SectIon and the qu Iftoatlon of the
HouaIng Development for .xemptlon from all
property tax .. and a payment In neu of tax
established hef1 n, lind OOMIderallon of the offer
by Richard All n Court. Limited Dividend
Hou.lng A •• oclatlon/Llmlted Partner.hlp
subfect to the receipt of a Mortgage Loan, from
the Authority to construct, own and operate said
Housing dev lopment, hereby agre to aecect
poyment of an annual service charg for public
servicoe In llou of all property 'axes. The annual
service charge shall be eqoel to four (4%) of the
difference between Contract Rents actually
collected and utllltJ .
(D) CONTRACTUAL EFFECT OF
SECTION: Notwithstanding the provisions of
SectIon 15 ( ) (5) of th Act to the contrary. a
oontreot between the CIty of Highland Pari< and
the Sponaor with the AuthorIty _ third pwty
beneftoIary thfrM.llder to provfde tID( exemption
and aooept payment In lieu thereof as previously
deecrtbed Is effected by th enactment of this
SectIon.
(E) PAYMENT OF SERVICE CHARGE: The
ervIce charge In Ueu of tax. determined
hereunder shall be payable In the earne mamer
as general property taxes are payable to the City
of Highland Park except thet the annual payment
shall be pold on or before August 15 of eeeh yoor.
(F) DURATION: This Section shall romain In
effect and shall not terrnlnate so long as the
Mortgage Loan remains outstanding and unpaid
or HUD or the Authority has MY Interest In the
property. provided that construction of "he
housing development comm noes within one
year form the effective date of this aocUon.
(G) MODIFICATION OR RECESSION OF
SECTION: NotwltheWlding the proy Ions of
thl. Section, the ,City r.aerv .. the right to
subaequently adopt ordlnano .. whloh may
. moclfy the tax exemption progrem, provtded that
such chang are acoeptllble to the MohIgan
Stat Houeing Authortty and conal_em with Ad
346 of 1966, _ amended.
ATTENTION
HOME S·UYERS
········SATTLE CREEK - BENTON HARBOR
MUSKEGON KALAMAZOO
HUD/ HA
HOMES
HUD/FHA
CASAS
Ion
VITATIO TO BID
o OV L VIC
Th. oard of ducatlon of
the B.nton Harbor Ar.a chool.
I. r.c.lvlng •• al.d propo.al.
for furnl.hlng .now removal
•• rvlc. at the .nton Harbor
High chool Compl.x and the
R.cr.atlon C.nter for the
chool Y.ar 1111-12.
Propo.al. will b. aoc.pt.d
until 2:00 p.m., Tue.day,
Octob.r 15, 1 1.
Bid orm. may b. obtaln.d
at the Purcha.lng Offlc., 711 E.
Britain Av •• , and the .rvlc.
C.nt.r, 1121 Milton tr •• t,
B.nton Harbor, I 41022-1107
b.tw •• n the hour. of 1:00 a.m.
• 4:30 p.m., Monday thru Friday.
Wh.n a pian. move. at:
the sp •• d of sound it i.
known a. Mach I. Th •.
name d.riv.. from Ger- -:
man phy. cist Ern.t Mach.
tonal
CA
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THE ADVEtlTURES
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'TiCHY" £'1$(1":
"NEVE" "tESS wiN
� vin HA", VET'
For FHA terms, ee the local dally puper every
Monduy for properties unliable. Individuals 'eek­
lng further Information for as I tance should contact
the broker of their choice.
Si busca propledade 0 cas a de benta con ter­
minos de FHA, mire cada Lunes en el perlodlco. La
per ona que nece iten 'mayor Inform cion deben
ponerse en contacto con el Agente de ventas de Ca a
de su perferencin.
EQUA� HOUSING OPPORTUNITY
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