HOUSING AUTHORITY ETC. v. City of Seattle

— The Housing Authority of the city of Seattle (hereinafter referred to as the authority) entered into a “1939 Cooperation Agreement” with the city of Seattle hereinafter referred to as the city) to construct two low rent housing projects referred to as Wash. 1-1 and Wash. 1-5, commonly called Yesler Terrace and Yesler Terrace Addition. The agreement provided, inter alia:

“The City further agrees that during the period commencing with the date of the acquisition of any part of the site or sites of each Project and continuing throughout the useful life of such Project, it will not levy, impose…