HomeMy WebLinkAbout70-78 RESOLUTION•
RESOLUTION NO. 70-28
RESOLUTION APPROVING APPLICATION FOR PRELIMINARY LOAN
FOR LOW -RENT HOUSING
WHEREAS, it is the policy of this locality to eliminate
substandard and other inadequate housing, to prevent the spread
of slums and blight, and to realize as soon as feasible the
goal of a decent home in a suitable living environment for all
of its citizens; and
WHEREAS, under the provisions of the United States Housing
Act of 1937, as amended, the United States of America, acting
through the Secretary of Housing and Urban Development (herein
called the "Government"), is authorized to provide financial
assistance to local public housing agencies for undertaking and
carrying out preliminary planning of low -rent housing projects
that will assist in meeting this goal; and
WHEREAS, the Act provides that there shall be local deter-
mination of need for low -rent housing to meet needs not being
adequately met by private enterprise and that the Government
shall not make any contract with a public housing agency for
preliminary loans for surveys and planning in respect to any
low -rent housing projects unless the governing body of the
locality involved has by resolution approved the application of
the public housing agency for such preliminary loan; and
WHEREAS, the City of Fayetteville, Arkansas (herein called
the "Local Authority"), is a public housing agency and is applying
to the Government for a preliminary loan to cover the costs of
surveys and planning in connection with the development of low -
rent housing;
NOW, THEREFORE, be it resolved by the Board of Directors
of the City of Fayetteville, Arkansas, as follows:
1. That there exists in the City of Fayetteville a need
for such low -rent housing which is not being met by private
enterprise;
2. That the application of the Local Authority to the
Government for a preliminary loan in an amount not to exceed
$10,400.00 for surveys and planning in connection with low -rent
housing projects of not to exceed approximately 52 dwelling
units is hereby approved. ct^" - ,,;;
F Lam' M
PASSED AND APPROVED thisday 0.0-4,1`,-�
ofjQ/y?i 1- 1978=.
APPROVED: ATTEST: = F hfICR0FUNM1FD 1919
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