2114 S
RESOLUTION NO. 2114
A RESOLUTION REQUESTING THE RESERVATION OF CAPITAL GRANT FUNDS,
APPROVING THE UNDERTAKING OF SURVEYS AND PLANS FOR AN URBAN
RENEWAL AND REDEVELOPMENT PROJECT, AND THE FILING OF AN APPLI-
CATION FOR FEDERAL ADVANCE OF FUNDS FOR THE WEST ROCK AREA
PROJECT IN LITTLE ROCK, PULASKI COUNTY, ARKANSAS; AND FOR OTHER
PURPOSES
WHEREAS, Under Title I of the Housing Act of 1949, as amended by all
amendatory acts including the Housing Act of 1954 and the Housing Amendments
of 1955, the Housing and Home Finance Administrator is authorized to extend
financial assistance to localities in the elimination and prevention of the
spread of their slums and urban blight through the planning and undertaking
of urban renewal and redevelopment projects; and
WHEREAS, it is desirable and on the public interest that the Housing
Authority of the City of Little Rock prepare surveys and plans in order to
undertake and carry out an urban renewal and redevelopment project of the
character contemplated by Section 110(c) of said Title I, in that certain
area, proposed as an Urban Renewal and Redevelopment Area, situated in the
City of Little Rock, County of Pulaski, and State of Arkansas, and described
as follows:
Bounded generally on:
The North by Cantrell Road Centerline (also
known as "0" Street); on the East by Cantrell
Road Centerline (also known as "Martin"
Street), South to Cedar Hill Road, and North
Martin Street; On the East 200 Feet South of
"J" Street and Cedar Hill Road; and on the
West by Valentine Street, North Oak Street and
North Maple Street.
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
and redevelopment 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 development or spread of slums and urban blight,
to encourage needed urban rehabilitation, to provide for the redevelopment
of blighted, deteriorated, or slum areas or to undertake such other feasible
community activities as may be suitably employed to achieve the objectives of
such a program; and
WHEREAS, it is recognized that contracts for loans and capital grants
for urban renewal and redevelopment projects will require, among other
things, (1) the approval of the urban renewal and redevelopment plan by
the governing body of the locality in which the project is situated; (2)
the provisions 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 im•
provements 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 urban renewal and redevelopment area.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
LITTLE ROCK, ARKANSAS:
Section 1. That the proposed Urban Renewal and Redevelopment Area
described above is a slum, blighted, deteriorated or deteriorating area
appropriate for an urban renewal and redevelopment project and that the
undertaking by the Housing Authority of the City of Little Rock of surveys
and plans for an urban renewal and redevelopment project of the character
contemplated by Section 110(c) of the Housing Act of 1949, as amended and
supplemented, in the proposed Urban Renewal and Redevelopment Area described
above, is hereby approved.
Section 2. That the financial assistance provided under said Title I
to assist urban renewal and redevelopment projects is needed and that the
Housing and Home Finance Administrator is hereby requested to reserve for
an urban renewal and redevelopment project in the proposed Urban Renewal
and Redevelopment Area described above, Federal capital grant funds in an
amount sufficient to enable the Housing Authority of the City of Little
Rock to finance the undertaking of the Project.
Section 3. That it is cognizant of the conditions that are imposed in
the undertaking and carrying out of urban renewal and redevelopment 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 and redevelopment area, in
w2..
conformity with said Title I, can be prepared, and (b) that local grants.
in-aid, consisting of donations of cash, land, demolition or removal work,
and the installation, construction or reconstruction of streets, utilities,
parks, playgraunds or other improvements or the provision of other public
buildings or facilities, necessary for carrying out in the Urban Renewal
and Redevelopment Area the urban renewal and redevelopment objectives of
said Title I in accordance with the urban renewal and redevelopment 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 sold, leased or retained
for use in accordance with the urban renewal and redevelopment plan.
Section 4. That the filing of an application by the Housing Authority
of the City of Little Rock for an advance of funds from the United States
of America to enable it to defray the cost of the surveys and plans for an
urban renewal and redevelopment project in the urban renewal and redevelop-
ment area described above is hereby approved.
Approved:
Adopted: July 9, 19 56 ,
P 411% 1,11
Mayor
Attest:
City Clerk
.3-