Approving the urban Renewal Plan and the feasibility of relocation for the neighborhood development program project

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Street ; thence easterly along the south line of said east-west alley to the in- tersection of the east line of the north- south alley adjacent and east of lot 73 in the Plat of Elder Place extended south- erly ; thence northerly along the east line of said north-south alley extended southerly and the east line of the north- south alley adjacent and east of lots 73 , 52 , 35 , and 19 in the Plat of Elder Place to the intersection with the north line of the east-west alley adjacent and north of said lot 19 extended easterly ; thence westerly along the north line of said east- west alley extended and the north line of the east-west alley adjacent and north of lots 2 through 19 in the Plat of Elder Place and the north line of said east-west alley extended westerly to the intersection with the west line of the north-south alley adjacent and east of lots AF , AG , and AH in the Plat of the Commissioner ' s Subdivision of lots 1 and C extended northerly ; thence southerly along the west line of said north- south alley extended northerly and the west line of said north-south alley to the point of beginning , containing approximately 481 , 000 sq . ft . WHEREAS , upon such surveys , investigations and studies being made , it has beer) found by the City of South Bend Redevelopment Commission that the above described area has become blighted to an extent that such blighted conditions cannot be corrected by regulatory process , or by the ordinary operations of private enterprise without resort to the provisions of the Redevelopment of Cities and Towns Act of 1953 , as amended , and it has been further found that the public health and welfare would be benefited by the acquistion and redevelopment of such area under the provisions of such Act ; and WHEREAS , the Commissioners have caused to be prepared maps and plans showing the boundaries of such blighted areas, the location of the various parcels of properties , streets and alleys and other features affecting the acquisition , clearance , replanning and redevelopment of such area , and indicating the parcels of property to be included in the acquisition and portions of area acquired which are to be de- voted to streets , parks , playground , and other public purposes under the redevelopment plan ; and WHEREAS , the Commissioners have caused to be prepared a schedule of average gross rentals for standard housing within the City of South Bend , a schedule of fixed relocation payments , and a schedule of average sale prices for standard housing by bedroom size for use in the displaced housing payment ; and WHEREAS , in connection with an application of the City of South Bend Department of Redevelopment to the Secretary of the Department of Housing and Urban Development for financial assistance under Title I of the Housing Act of 1949 , as amended , the approval by the Governing Body of the City of South Bend Department of Redevelopment of an Urban Renewal Plan for the project area involved in such application is required by the Federal Government before it will enter into a contract for loan or grant with the City of South Bend Department of Re- development under Title I ; and