Approving the filing of a hardship amendatory loan and grant application

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RESOLUTION NO. 418-74 RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND APPROVING THE FILING OF A HARDSHIP AMENDATORY LOAN AND GRANT APPLICATION FOR PROJECT NUMBER INDIANA R-66. WHEREAS, under the provisions of Title I of the Housing Act of 1949, as amended, the Department of Housing and Urban Development Administrator is authorized to provide financial assistance to Local Public Agencies for undertaking and carrying out urban renewal projects; and WHEREAS, the City of South Bend, Department of Redevelopment (hereinafter called the "Local Public Agency" ) , has entered into a planning contract for financial assistance under such Act with the United States of America, acting by and through the Secretary of Housing and Urban Development, pursuant to which Federal funds were provided for the urban renewal project (herein- after called the "Project") , identified as "Central Downtown Project" and encompassing the area bounded by a line drawn as follows: Beginning at a point formed by the inter- section of the North right-of-way line of LaSalle Avenue and the West right-of-way line of Main Street; thence South along the West right-of-way line of Main Street to the North right-of-way line of Washington Street; thence West along the North right- of-way line of Washington Street to the West right-of-way line of LaFayette Boulevard; thence South along the West right-of-way line of LaFayette Boulevard to the South right-of-way line of Jefferson Boulevard; thence East along the South right- of-way line of Jefferson Boulevard to the West right-of-way line of Main Street; thence South along the West right-of-way line of Main Street to the South right-of- way line of Monroe Street; thence East along the South right-of-way line of Monroe Street to the West right-of-way line of Fellows Street; thence South along the West right-of-way line of Fellows Street to the South right-of-way line of Monroe Street; thence East along the South right- of-way line of Monroe Street and proceeding in a Northeasterly direction along said right-of-way line to the center of the St. Joseph River; thence proceeding in a North- westerly direction along the center of the St. Joseph River to the North right-of-way line of LaSalle Avenue; thence West along the North right-of-way line of LaSalle Avenue to the West right-of-way line of Main Street, which is the point of beginning. in the City of South Bend, State of Indiana (hereinafter called the "Locality" ) ; and WHEREAS, the Local Public Agency has applied for additional financial assistance under such Act by the filing of a Hardship Amendatory Loan and Grant Application and proposes to