HomeMy WebLinkAbout28-66 RESOLUTION•
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RESOLUTION NO. P,Y 6k
A RESOLUTION APPROVING UNDERTAKING OF SURVEYS AND PLANS FOR AN
URBAN RENEWAL PROJECT AND FILING OF AN APPLICATION.
WHEREAS, under Title I of the Housing Act of 1949, as
amended (herein referred to as "Title I"), the Housing and Home
Finance Administrator is authorized to extend financial assist-
ance to local public agencies in the elimination and prevention
of the spread of their slums and urban blight through the plan-
ning and undertaking of urban renewal projects; and
WHEREAS, it is desirable and in the public interest that
the Housing Authority of the City of Fayetteville, Arkansas, make
surveys and prepare plans, presently estimated to cost approxi-
mately $101,704.00, in order to undertake and carry out an urban
renewal project of the character contemplated by Section 110(c)
of Title I, in that area proposed as an Urban Renewal Area, situ-
ated in the City of Fayetteville, County of Washington, State of
Arkansas, which is described as follows:
Beginning at the intersection of Meadow and Church
Streets; thence East to the center of North East
Street; thence South along the center of North East
Street to the center of East Center Street; thence
East along center line of East Center Street to a
point North of the Northeast corner of Lot 5, Block 28
of Original Town Plat; thence South to the center line
of Mountain Street; thence East along center line of
Mountain Street to the center line of College Avenue;
thence South along center line of College Avenue to the
center line of Rock Street; thence West along center
line of Rock Street to the center line of Block Avenue;
thence North along center line of Block Avenue to cen-
ter line of Mountain Street; thence West along center
line of Mountain Street to center line of Church Ave-
nue; thence North along center line of Church Avenue
to the point of beginning, containing in all Blocks
16, 17, 27, 29, 30 and Lots 5 through 15 of Block 28
all in the Original Town of Fayetteville Plat.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF FAYETTEVILLE, ARKANSAS:
1. That the proposed Urban Renewal Area described above is
a slum, blighted, deteriorated, or deteriorating area appropriate
for an urban renewal project and that the undertaking by the
Housing Authority of the City of Fayetteville, Arkansas, of sur-
veys and plans for an urban renewal project of the character con-
templated by Section 110(c) of Title I in the proposed Urban Re-
newal Area is hereby approved.
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2. That the financial assistance available under Title I
is needed to enable the Housing Authority of the City of Fayette,
ville, Arkansas, to finance the planning and undertaking of the
proposed Project.
3. That it is cognizant of the conditions that are imposed
in the undertaking and carrying out of urban renewal projects
with Federal financial assistance under Title I, including those
relating to (a) the relocation of site occupants, (b) the provi-
sion of local grants-in-aid, (c) the prohibition of discrimina-
tion because of race, color, creed, or national origin, and (d)
the requirement that the locality present to the Housing and Home
Finance Administrator, as a prerequisite to approval of the ap-
plication described below, a workable program for community im-
provement, as set forth in Section 101(c) of Title I, for utiliz-
ing appropriate public and private resources to eliminate and
prevent the development or spread of slums and urban blight.
4. That it is the sense of this body (a) that a feasible
method for the relocation of individuals and families displaced
from the Urban Renewal Area, in conformity with Title I, can be
prepared, and (b) that the local grants-in-aid can and will be
provided in an amount which will be not less than one-fourth of
the Net Project Cost of the Project and which, together with the
Federal capital grant, will be generally equal to the difference
between Gross Project Cost and the proceeds or value of project
land sold, leased, or retained for use in accordance with the
urban renewal plan.
5. That the filing of an application by the Housing Au-
thority of the City of Fayetteville, Arkansas, for an advance of
funds from the United States of America to enable it to defray
the cost of the surveys and plans for an urban renewal project in
the proposed Urban Renewal Area described above is hereby ap-
proved. 2,7/t ,7t�7��1��'
PASSED AND APPROVED this /7 day of li %raw 4, , 1966.
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GEORGEAVIS, CITY CLERK
DON'TRUNBO; JR. -;`"MAYOR