2803 RESOLUTION NUMBER 2,803
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS, APPROVING
UNDERTAKING OF SURVEYS AND PLANS FOR AN
URBAN RENEWAL PROJECT AND FILING OF AN
APPLICATION FOR THE UNIVERSITY PARK AREA
WHEREAS , under Title 1 of the Housing Act of 1949, as amended
(herein referred to as "Title 1" ) , the Housing and Hoge Finance
Administrator is authorized to extend firancial assistance to
local public agencies in the elimination and prevention of the
spread of their slums and urban blight through the planning and
undertaking of urban renewal project and
WHEREAS , it is desirable and in the cublic interest that the
Housing Authority of the City of Little Rock, Ark.=nsas, make
surveys and prepare plans, presently estimated to cost approximately
Two Hundred Fifty-Five Thousand Nine Hundred Forty-Nine Dollars
($255, 949.00) , in order to undertake and carry out an urban
renewal project of the character ccnteurla-ted by Section 110(c) of
Title 1, in that area Proposed as an Urban Renewal Area, situated
in the City of Little Rock, County of Pulaski, and State of Ark-
ansas , which is described as follows :
Starting at a point on the northeast corner of
West 8th Street and Fair Park Boulevard running
south along the east rig_ ht cf-wa.y lisle of Fair Park
Boulevard to a point on the north r rht-of--way line
of West 12th Street, thence west along the north
right-of-way line ofWest 12th Street to the east
bank of Coleman Creek, thence north along the east
bank of Coleman Creek to a point on the corner of
the northeast property line of St. Paul 's Elmont
Cementary, thence west along the north property
line of St. Paul 's Elmont Cementary until same co=nects
with the south right-of-way of West 10th Street
extended and west 10th Street continuing Westward
along the south right-of-way xf West 10th Street
to the east right-of-way line of South University
Avenue, thence south along the east right-of-way
line of South University Avenue to a point which
would be the south right-of-way of West 20th
Street extended, thence westward along the west
right-of-way line of West 20th Street to the west
right-of-way of McKinley Street, thence north along the
west right-of-way line of McKinley Street to a
point which would generally be the north right-of-way
line of West 16th Street extended, thence west
along the north right-of-way line of West 9th
Street extended to the east bank of Rock Creek,
thence in a northwesterly direction along Rock
Creek to the north right-of-way line of 12th
Street, thence east along the West 12th Street to
the west right-of-way line of Bryant Street, thence
north along the west right-of-way line of Bryant
Street to a point 150 feet north of the north
right-of-way line of West 8th Street, thence
east in a straight line 150 feet north of the
north right-of-way line of West 8th Street to a
point on the west right-of-way line of Arthur
Street, thence north along the west right-of-way
line of Arthur Street to the south right-of-way
line of West 7th Street, thence east along the south
right-of-way line of West 7th Street to a point
on the east right-of-way line of South University
Avenue, thence south along the east right-of-way
line of South University Avenue to the north
right-of-way line of West 8th Street, thence east
along the north right-of-way line of West 3th
Street and West 8th Street extended to the point of
beginning.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
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
Housing Authority of the City of Little Rock, Arkansas, of sur-
veys and plans for an urban renewal project of the character
contemplated by Section 110(c ) of Title 1 in the proposed Urban
Renewal Area is hereby approved.
2. That the financial assistance available under Title 1 is
needed to enable the Housing Authority of the City of Little Rock,
Arkansas , to finance the planning and undertaking of the proposed
project.
3. That it is cognizant of the conditions that are imposed
in the undertaking and carrying out of urban renewal projects with
Federal financial assistance under Title 1, including those
relating to the relocation of site occupants, to the provision of
local grants-in-aid, and to the requirement that as a condition
to the execution of a contract for a loan or capital grant for an
urban renewal project the locality present to the Housing and
Home Finance Administrator a Workable Program, as set forth in
- 2 -
Section 101( c) of Title 1, for utilizing appropriate public and
private resources to eliminate and prevent the development or
spread of slums and urban blight ; 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 conformity with
Title 1, can be prepared, and (b) that the local grants-in-aid can
and will be provided in an amount which will be not less than one-
third of the Net Project Cost of the Froject and which, together
with the Federal capital grant , willte generally equal to the
difference between Gross Project Cost and the proceeds or value of
project land sold, leased, or retained for use, in accordance with
the urban renewal plan.
4. That the filing of an application by the Housing Authority
of the City of Little Rock, Arkansas , 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 project in the proposed
Urban Renewal Area described above is hereby approved.
ADOPTED : February 19, 1962
ATTEST:
APPROVED :
;',// e/
CITY CLERK
MAYOR
R-145