Subject: 20731/Mgmt&Dev Agr. w/CNE/Morrison Springs Apts.
Date: Wed, 4 Oct 1995 16:43:03 -0500


         
         
                              RESOLUTION NO.   20731  
                   
                   
                   
                   A RESOLUTION AUTHORIZING THE MAYOR AND CITY 
                   FINANCE OFFICER TO ENTER INTO A MANAGEMENT AND 
                   DEVELOPMENT AGREEMENT WITH CHATTANOOGA 
                   NEIGHBORHOOD ENTERPRISE, INC. RELATIVE TO THE 
                   MORRISON SPRINGS APARTMENTS.
                   
                   
                           ______________________________
                   
                   
              	   BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF 
         CHATTANOOGA, TENNESSEE, That the Mayor and City Finance Officer 
         be and are hereby authorized to enter into a Management and 
         Development Agreement with Chattanooga Neighborhood Enterprise, 
         Inc. relative to the Morrison Springs Apartments.  A copy of 
         said agreement is attached hereto and incorporated herein by 
         reference.
         
         
         ADOPTED:  September 19, 1995
         
         WSPjr.tlm