To authorize the Director of the Department of Development, or his designee, to execute an Amendment and Restatement and Partial Release of Restrictive Covenants with the United States Department of Urban Development (HUD), to authorize the payment of $50,950 to HUD from the proceeds of sale of 879 E. Mound Street, reauthorize the sale of the property to Community Housing Network, or a subsidiary, with an amended legal description, and to declare an emergency.