Approving undertaking of general neighborhood renewal plan and filing of application for Federal Advance of funds

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a RESOLUTION OF COMMON COUNCIL OF SOUTH BEND, INDIANA, APPROVING UNDERTAKING OF GENERAL NEIGHBORHOOD RENEWAL PLAN AND FILING OF APPLICATION FOR FEDERAL ADVANCE OF FUNDS. WHEREAS , under Title I of the Housing Act of 1949, as amended, the Housing and Home Finance Administrator is authorized to extend financial assistance to localities in the elimination and preven- tion of the spread of their slums and urban blight through the planning and undertaking of urban renewal projects; and WHEREAS, under Section 102 (d) of said Title I , the Housing and Home Finance Administrator may make advances of funds for the preparation of General Neighborhood Renewal Plans for urban renewal areas of such scope that the urban renewal activities therein may have to be carried out in stages over a period of not more than ten (10) years; and WHEREAS , it is desirable and in the public interest that the City of South Bend, Department of Redevelopment prepare such a General Neighborhood Renewal Plan, presently estimated at Eighteen Thousand, Eight Hundred Fifty Dollars ($18, 850) in that certain area, proposed as an Urban Renewal Area, situated in the City of South Bend, County of St. Joseph, and State of Indiana, and described as follows: Linden Avenue; proposed park-playground, and the New York Central Railroad on the north; the first alley east of Mead: Street on the east; Western Avenue on the south; and the first alley west of Chicago Street on the west. NOW, THEREFORE, BE IT RESOLVED by the Common Council, City of South Bend, Indiana as follows: 1. That the proposed Urban Renewal Area described above is an area of such scope that it is estimated that the urban renewal activities therein may have to be carried out in stages over a period of not more than ten (10) years . -1- GN 152