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SOUT� BEND REDEVELOPMENT COMMISSION SPEC AL MEETING: JULY 16, 1973 3. NEW BUSINESS (Cont'd Page 4. Mr. Chenney moved for the adoption of Resolution No. 456, se- conded by Mr. Wiggins and unanimously carried. Mr. Lennon wanted to reiterate, for the record, the seven (7) points that were approved in this Resolution are: 1) That the Central Downtown Urban Renewal Area, which is described in the first "WHEREAS" clause hereof, is blighted and constitutes a menace to the social and economic interest of the City of South Bend and its inhabitants and that it will be of public utility and benefit to acquire such area and redevelop the same under the provisions of the Redevelopment of Cities and Towns Act of 1953, as amended. 2) The Department of Redevelopment proposes to acquire that land and the interests therein within afore- mentioned boundaries as designated in the Urban Re- newal Plan, as amended, and under the conditions set out therein. 3) That it is estimated that the cost of acquiring the properties in the area will be $13,375,220 which amount is based on the average of two independent fee appraisals. 4) That the conditions under which the City of South Bend, Department of Redevelopment, will make the relocation payments are hereby, in all respects, approved, and the Secretary is hereby directed to file a certified copy of the Relocation Plan with the minutes of this meeting. 5) That it is hereby found and determined that the objec- tives of the Urban Renewal Plan cannot be achieved through more extensive rehabilitation of the Project Area. 6) That the Urban Renewal Plan, together with the proposed amendments thereto, is hereby in all respects approved and the Secretary is hereby directed to file a certified copy of said Urban Renewal Plan, with proposed amendments, with the minutes of this meeting. 7) That the United States of America and the Secretary of the Department of Housing and Urban Development be, and they hereby are, assured of full compliance by the City of South Bend, Department of Redevelopment,with regulations of the Department of Housing and Urban Development effectu- ating Title VI of the Civil. Rights Act of 1964.