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-2- <br /> 4. That it is the sense of this body (a) that a feasible method for <br /> the relocation of individuals and families displaced from the Urban Renewal <br /> Area, in conformity with Title I, can be prepared, and (b) that the local <br /> grants-in-aid can and will be provided in an amount which will be not less <br /> than one-third of the Net Project Cost of the Project and which together <br /> with the Federal capital grant, will be generally equal to the difference <br /> between Gross Project Cost and the proceeds or value of project land <br /> sold, leased, or retained for use in accordance with the urban renewal plan. <br /> 5. That the filing of an application by the City of South Bend, De- <br /> partment of Redevelopment for an advance of funds from the United States <br /> of America to enable it to defray the cost of the surveys and plans for <br /> an urban renewal project in the proposed Urban Renewal Area described <br /> above is hereby approved. <br /> A ember of the Common touncil <br /> Id&2nd READ" <br /> ITEE OF ft WWLJ <br /> PUBLIO MJAIHNV/0 -66 <br /> 3rd READINN /_gyp -6 <br /> NOT ArPROVO <br /> N��RRR� <br /> PAW C <br />