No. 0463 authorizing the filing of an amendatory application for an early closeout grant, increased capital grant for project IND R-57 and to incorporate pooling arrangement with project IND R-66

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RESOLUTION NO. 463 RESOLUTION OF THE CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT AUTHORIZING THE FILING OF AN AMENDATORY APPLICATION FOR AN EARLY CLOSEOUT GRANT AND INCREASED CAPITAL GRANT FOR PROJECT IND. R -57 AND TO INCORPORATE POOLING ARRANGEMENT WITH PROJECT IND. R -66 WHEREAS, it is necessary and in the public interest that the City of South Bend, Department of Redevelopment avail itself of the financial assistance provided by Title I of the Housing Act of 1949, as amended, to carryout the urban renewal project described as the LaSalle Park Urban Renewal Area, and bounded generally as follows: LaSalle Park Project bounded on the west by the alley west of Chicago; bounded on the south by the alley north of Western; bounded on the east by the alley _ east of Meade; bounded on the north by Kankakee Avenue, Washington Street, the LaSalle Park Beck's Lake Park Area, and Linden Street. hereinafter referred to as the "Project "; and WHEREAS, it is recognized that the Federal contract for such financial assistance, pursuant to said Title I, will impose certain obligations and responsibilities upon the Local Public Agency and will require among other things: (1) the provision of local grants -in -aid; (2) feasible method for the relocation of individuals and families displaced from the project area; and (3) other local obligations and responsibilities in connection with the undertaking and carrying out of urban renewal projects; and WHEREAS, Title VI of the Civil Rights Act of 1964 and the regulations of the Department of Housing and Urban Development effectuating that Title, provide that no person shall, on the ground of race, color, sex, or national origin, be excluded from participation in, be denied the benefits of, or be subject to discrimination in the undertaking and carrying out of the urban renewal projects assisted under Title I of the Housing Act of 1949, as amended; and i WHEREAS, the objectives of the Urban Renewal Plan cannot be achieved through more extensive rehabilitation of the Project Area; and WHEREAS, Section 106 (i) of the Housing Act of 1949, as amended recently by Section 213 of the Housing and Urban Development Act of 1970, provides for an early closeout grant and increased capital grant for the early closeout of an urban renewal project if it has been determined that early closeout is in the financial interest of the federal government based upon a projection of future operating expenses exceeding the current fair reuse value of unsold project land, and if the LPA does not expect to be able in the reasonable near future, due to circumstances beyond its control, to dispose of the remaining project land and if all other project activities are completed except non -cash local grant -in -aid activities designated in the third provision to Section 110 (d) under the conditions specified therein; and WHEREAS, the LPA has not provided the full amount of its share in local grants - in -aid and that to rectify such shortages the federal government permits the pooling of local grants -in -aid with another local project which has an amount of local grants -in -aid in excess of its required one -third (1/3) share; NOW THEREFORE, BE IT RESOLVED by the City of South Bend, Redevelopment Commission: 1. That the United States of America and the Secretary of Housing and Urban Development be, and they hereby are, assured of full compliance by the - 1 -