HomeMy WebLinkAboutNo. 0016 authorizing the filing of an application for loan and grant for project No. INDIANA R-7RE S®IL WT'I[®1RA
OLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION ,
GO ERNING BODY OF THE CITY OF SOUTH BEND, D E P A R T MENT
OF EDEVELOPMENT AUTHORIZING THE FILING OF AN
AP�)LICATION FOR LOAN AND GRANT FOR PROJECT
NO
City
INDIANA R -7.
ZIT H E R E A S it is necessary and in the public interest that the
of South Bend, Department of Redevelopment avail itself of the
assistance provided by Title I of the Housing Act of 1949, as
amended, to carry out the urban renewal project described as the Sample
Street Redevelopment Project Area and bounded generally by the N e w
Yor Central Railroad and Oliver Property on the North, Scott Street
and rairie Avenue on the East, Sample Street and Garst Street on the
South and Wilson Brothers Property and McPherson Street on the West,
here"nafter referred to as the "Project" ; and
W HERE A S it is recognized that the Federal contract for such
fina cial assistance pursuant to said Title I will impose certain obliga-
tions and responsibilities upon the Local Public Agency and will require
among other things: (1) the provision of local grants -in -aid; (2) a feasi-
ble method for the relocation of families displaced from the project area;
and ( ) other local obligations and responsibilities in connection with the
undo
and carrying out of urban renewal projects:
- 1 -
Resd
)lution No. 16
NOW, THEREFORE BE IT RESOLVED by the South
Bend Redevelopment Commission, Governing Body of the City of South
Bend, Department of Redevelopment that an Application on behalf of the
City of South Bend, Department of Redevelopment for a loan u n d e r
Section 102 (a) of said Title J in the amount of Two Million, Five Hun-
dred -nd Twenty Seven Thousand and Five Hundred Dollars ($2,527,500)
and for a Project Capital Grant and a Relocation Grant to the full amount
available for undertaking and financing the Project is hereby approved,
and that the President is hereby authorized and directed to execute and
to fie such Application with the Housing and Home Finance Agency, and
toprovide such additional information and to furnish such documents as
may be required in behalf of said Agency, and to act as the authorized
correspondent of the City of South Bend, Department of Redevelopment.
Adopted at the regular meeting of the South Bend Redevelopment
Commission held on May 5, 1960, at the office of the Commission, 129
West Colfax Avenue, South Bend, Indiana.
SEA
L
ATTEST:
_ South Bend Redevelopment Commission
, Executive Director
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