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RESOLUTION NO. 2044
A RESOLUTION REQUESTING THE RESERVATION OF CAPITAL FUNDS,
APPROVING THE UNDERTAKING OF SURVEYS AND PLANS FOR THE
PHILANDER SMITH URBAN REDEVELOPMENT PROJECT, THE FILING
OF AN APPLICATION FOR FEDERAL ADVANCE OF FUNDS; AND FOR
OTHER PURPOSES.
WHEREAS, under Title I of the Housing Act of 1949, as amended,
and the Housing Act of 1954, the Housing and Home Finance Admin-
istrator 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 redevel-
opment projects; and
WHEREAS, it is desirable and in the public interest that the
Housing Authority of the City of Little Rock, Arkansas prepare
surveys and plans in order to undertake and carry out an urban
redevelopment project of the character contemplated by Section
110(c) of said Title I, in that certain area, proposed as an Urban
Redevelopment Area, situated in the City of Little Rock, County of
Pulaski, and State of Arkansas, and described as follows :
Beginning at the intersection of West Eleventh
and Gaines Streets; run thence South two (2)
blocks along Gaines Street to West Thirteenth
Street; thence West one (1 ) block along West
Thirteenth Street to State Street; thence North
one (1 ) block along State Street to West Twelfth
Street; thence West one-half (1/2) block along
West Twelfth Street to an alley between State and
Izard Streets; thence North one (1 ) block along
said alley to West Eleventh Street; thence East
one and one-half (1 1/2) blocks along West Eleventh
Street to the intersection of West Eleventh and
Gaines Streets, the point of beginning; and
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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 redevelopment project that the locality present to the Hous-
ing 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 re-
habilitation, to provide for the redevelopment of blighted, deteri-
orated, 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 redevelopment projects will require, among other
things, (1 ) the approval of the urban redevelopment plan by the
governing body of the locality in which the project is situated;
(2) the provision of local grants-in-aid which may consist of
donations of cash, land, demolition or removal work, and the in-
stallation, construction or reconstruction of streets, utilities,
parks, playgrounds or other improvements 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 re-
development area.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF LITTLE ROCK, ARKANSAS:
SECTION 1. That the proposed Urban Redevelopment Area described
above is a slum, blighted, deteriorated or deteriorating area
appropriate for an urban redevelopment project and that the under-
taking by the Housing Authority of the City of Little Rock, Arkansas
of surveys and plans for an urban redevelopment project of the
character contemplated by Section 110(c ) of the Housing Act of 1949,
as amended and supplemented, in the proposed Urban Redevelopment
Area described above, is hereby approved .
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SECTION 2. That the financial assistance provided under said
Title I to assist urban redevelopment projects is needed and that
the Housing and Home Finance Administrator is hereby requested to
reserve for an urban redevelopment project in the proposed Urban
Redevelopment Area described above Federal capital grant funds in
an amount sufficient to enable the Housing Authority of the City
of Little Rock, Arkansas 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 redevelopment
projects with Federal financial assistance under Title I, includ-
ing the requirements of said Title I respecting the workable pro-
gram 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 redevelopment area, in 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, playgrounds or other improvements or the provision of other
public buildings or facilities, necessary for carrying out in the
Urban Redevelopment Area the urban redevelopment objectives of said
Title I in accordance with the urban 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 pro-
ject costs and the proceeds or value of project land sold, leased
or retained for use in accordance with the urban redevelopment plan.
SECTION 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 redevelopment project
in the urban redevelopment area described above is hereby approved .
ADOPTED: April 11, 1955
ATTEST: i'(/;g APPROVED: AlAii""
City Clerk Mayor