Resolution authorizing to extend financial assistance to localities in elimination/prevention of spread of slums and urban blight through planning and undertaking of urban renewal projects

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WHEREAS, the above -cited Federal law requires as a condition to the execution of a contract for a loan and capital grant for an urban renewal project that the locality present to the Housing and Home Finance Administrator a workable program, as set forth in Section 101(c) of said Title I, for utilizing appropriate public and private resources to eliminate and prevent the develop- ment or spread of, slums and urban blight, to encourage needed urban rehabili- tation, to provide for the redevelopment of blighted, deteriorated, or slum areas or to undertake such other feasible community activities as may be suitably employ 1d to achieve the objectives of such a program; and WHEREAS, it is recognized that contracts for loans and capital grants for urban renewal projects will require, among other things, (1) the approval of the urban renewal plan by the governing body of the locality in which the project is situated; (2) the provision of local grants -in -aid which may consist of donations of cash, land, demolition or removal work, and the installation, construction or reconstruction of streets, utilities, parks, playgrounds or other improvements or the provision of other public buildings or facilities; and (3) the development of a feasible method for the relocation of families displaced from the urbap renewal area. NOW THEREFORE BE IT RESOLVED BY the South Bend Redevelop- ment Commission: Section 1. That the proposed Urban Renewal Area described above is a slum, blighted, deteriorated or deteriorating area appropriate for an urban renewal project and that the undertaking by the City of South Bend, Depart- ment of Redevelopment, by and through the South Bend Redevelopment Commission, of surveys and plans for an urban renewal project of the character contemplated by Section 110(c) of the Housing Act of.1949, as amended and supplemented, in the proposed Urban Renewal Area described above, is hereby approved. Section 2. That the financial assistance provided under said Title I to assist urban renewal projects is needed and that the Housing and Home Finance Adminis- trator is hereby requested to reserve for an urban renewal project in the proposed Urban Renewal Area described above Federal capital grant funds in an amount sufficient to enable the City of South Bend, Department of Redevelopment, by and through the South Bend Redevelopment Commission, to finance the under- taking of the Project. Section 3. That it is cognizant of the conditions that are imposed in the under- taking and carrying out of urban renewal projects with Federal financial assistance under Title I, including the requirements of said Title I respecting the workable program mentioned above, and that it is the sense of this body (a) that a feasible method for the relocation of families displaced from the urban renewal area, in conformi y with said Title I, can be prepared, and (b) that local grants -in -aid, consistiny of donations of cash, land, demolition or removal work, and the installati n, construction, or reconstruction -of streets, utilities, parks, play- grounds or other improvements or the provision of other public buildings or . facilities necessary forcarrying out in the Urban Renewal Area the urban renewal objectives of said Title I in accordance with the urban renewal plan, can and will be provided in an amount which will not be less than one -third of the net project cost and which, together with the Federal capital grant, will be generally equal to the difference between gross project costs and the proceeds or value of project land soldi leased or retained for use in accordance with the urban renewal plan.