Pursuant to § 66.1201, Wis. Stats., the Housing Authority
of the City of Watertown is created or reaffirmed, as necessary or
most publicly expedient; the Housing Authority of the City of Watertown,
which shall have all powers allocated to it under § 66.1201,
Wis. Stats., shall assume:
A. Any HUD projects undertaken by the former Community Development Authority
of the City of Watertown as of December 20, 2016, which shall hereafter
be transferred to and administered by the Housing Authority. Any procedures,
hearings, actions or approvals taken or initiated by the former Community
Development Authority under § 66.1201, Wis. Stats., on pending
projects are deemed to have been taken or initiated by the Housing
Authority as though the Housing Authority had originally undertaken
such procedures, hearings, actions or approvals.
B. Any form of indebtedness issued by the former Community Development
Authority related to HUD projects shall be assumed by the Housing
Authority, except as indicated heretofore.
C. Any form of title to real estate owned by the former Community Development
Authority on which HUD projects occur shall now vest in the Housing
Authority without further action or conveyance, and all conveyance
hereto made by the Housing Authority of real or personal property
is ratified and confirmed in all respects.
D. Any ownership or control of assets currently owned by the former
Community Development Authority related to HUD projects shall hereby
be transferred to the Housing Authority.
E. All contracts related to HUD projects entered into between the federal
government and the former Community Development Authority, or between
the former Community Development Authority and other parties, shall
be assumed by the Housing Authority. Contracts for disposition of
real property entered into by the former Community Development Authority
with respect to any HUD project shall be deemed contracts of the Housing
Authority without the requirement of amendments thereto. Contracts
entered into between the federal government and the former Community
Development Authority related to HUD projects shall bind the Housing
Authority in the same manner as though originally entered into by
the Housing Authority. The Housing Authority may execute any necessary,
convenient or appropriate documents or instruments to reflect its
assumption of the obligations set forth hereunder. The Housing Authority
shall be constituted pursuant to and as provided by § 66.1201(5),
Wis. Stats.; the Housing Authority Commissioner terms, office qualifications
and qualities shall be as fixed pursuant to and as provided by § 66.1201(5),
Wis. Stats.