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HomeMy WebLinkAbout1845 RESOLUTION NO. 1 845. A RESOLUTION APPROVING THE APPLICATION OF THE HOUSING AUTHORITY OF THE CITY OF LITTLE ROCK, AR141NSAS, TO THE PUBLIC HOUSING ADMINISTRATIOV FOR A PRELIMINARY LOAN IN AN AMOUNT NOT TO EXCEED 4250,000.00, TO COVER THE COSTS OF SURVEYS AND PLANNING IN CONNECTION WITH THE DEVELOPMENT OF APPROXIMATELY 1000 DWELLINVG UNITS OF LOW- RENT RENT PUBLIC HOUSING IN THE CITY OF LITTLE ROCK, ARKANSAS, AND FOR OTHER PURPOSES WHEREAS, the Housing Authority of the City of Tittle Rock, Arkansas, is applying to the Y'ublic housing Administration in accordance with the provisions of the United States housing Act of 1937, as amended, for a Preliminary Loan in the amount of 4250,000.00 to cover the costs of surveys and planning in connection with the development of not to exceed approxi- mately 1000 dwelling units of low-rent public housing; and WHEREAS, there exists in the City of Little Rock, Arkansas, a need for such low-rent public housing at rents within the means of low-income families, especially families of living or deceased veterans and servicemen, which need is not being met by private enterprise; and WHEREAS, such a condition constitutes a menace to the health, safety, morals and welfare of the inhabitants of the City; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. That the City Council of the City of Little Rock, Arkansas, does hereby approve the Application of the Housing Authority of the amity of Little Rock, Arkansas, to the Public Housing Administration for a Preliminary Loan in an amount not to exceed 4250,000.u0, to cover the costs of surveys and planning in connection with the development of not to exceed approximately 10u0 dwelling units of low-rent public housing in the City of Little Rock, Arkansas, and does hereby declare its intent to enter hereafter into an agree- ment with said Housing Authority for the local cooperation by the City in the provision of said low-rent public housing which may be required by the .`ublic Housing Administration pursuant to the United States Housing Act of 1937, as amended. ADOPTED: August 29, 1949. ATTEST: APPROVED:/ i CITY CLERK wAYO':.