5282 RESOLUTION NO. 5,282
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS,
APPROVING THE APPLICATION FOR URBAN
RENEWAL TRANSITION FUNDING
WHEREAS, under the provisions of Title I of the Housing Act of
1949, as amended, the Secretary of Housing and Urban Development is
authorized to provide financial assistance to Local Public Agencies
for undertaking and carrying out Neighborhood Development Programs;
and
WHEREAS, the Housing Authority of the City of Little Rock,
Arkansas, (herein called the "Local Public Agency") has entered into
a contract for financial assistance under such Act with the United
States of America acting by and through the Secretary of Housing and
Urban Development, pursuant to which Federal funds were provided for;
and
WHEREAS, the Local Public Agency has applied for additional finan-
cial assistance in the -amount of $236 ,402 under such Act and proposes
to enter into an additional contract or contracts with the Department
of Housing and Urban Development for the undertaking of, and for making
available additional financial assistance in the amount of $236 ,402
for the Neighborhood Development Program, ARK A-9; and
WHEREAS, the Governing Body is cognizant of the conditions of the
Housing and Community Development Act of 1974, regarding grants under
Title I of the Housing Act of 1949, as amended, payable from appropri-
ations made for fiscal year 1975 and made with respect to a project
or Program being carried on in any unit of general local government
which is eligible to receive a grant as a formula entitlement or as
a hold harmless amount for such fiscal year under such Housing and
Community Development Act of 1974:
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS:
Section 1. That it is hereby recognized that the amount of such
Program shall be deducted from the amount of grants which the City of
Little Rock, Arkansas, would be eligible to receive for fiscal year
1975 under such Housing and Community Development Act of 1974.
Section 2. This Resolution shall be effective immediately.
ADOPTED: November 5, 1974
ATTEST: .. � _
APPROVED: G(//
City 16- Mayor
CONCUR•
L ity anag-r