4368 RESOLUTION NO. 4,368
A RESOLUTION ADOPTING SCHEDULES FOR AVERAGE
SALES PRICES AND FOR AVERAGE ANNUAL GROSS
RENTALS OF STANDARD HOUSING APPLICABLE TO
DISPLACED FAMILIES AND INDIVIDUALS; AND FOR
OTHER PURPOSES.
WHEREAS, in the interest of public welfare, comfort and
health, parks within the City are deemed necessary and essential for
a happy and peaceful living community, and a prosperous City;
and
WHEREAS, Federal financial assistance is necessary in
order to provide such community facilities for the City of Little Rock;
and
WHEREAS, to qualify for Federal assistance for
financing the acquisition and / or development of parks, adoption of
a Schedule of Average Sales Prices for Standard Housing currently in
use by the Little Rock Housing Authority, approved by the Department
of Housing and Urban Development of April 21 , 1969, and a Schedule of
Average Annual Gross Rentals for Standard Housing as amended, and
approved by the Department of Housing and Urban Development on April 17,
1969, is required; and
WHEREAS, the Little Rock Housing Authority performs
the functions of relocating families and individuals displaced by
governmental action; and
WHEREAS, the schedules indicated above should be the
same dollar amounts as used by the Little Rock Housing Authority;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS.
SECTION I . The City of Little Rock hereby adopt for all
purposes the Schedule of Average Sales Prices for Standard Housing
currently in use by the Little Rock Housing Authority approved by the
Department of Housing and Urban Development on April 21 , 1969, and the
Schedule of Average Annual Gross Rentals for Standard Housing as amended,
and approved by the Department of Housing and Urban Development on
April 17, 1969, in Locality and in the dollar amounts as established
from time to time by the Little Rock Housing Authority.
SECTION 2. This Resolution shall be in full force and
effect from and after its adoption .
ADOPTED: April 20,1970 fI,
ATTEST : City ler APPROVED: /I ' ';�'
Mayor