HomeMy WebLinkAbout5923 RESOLUTION NO 5,923
A RESOLUTION AUTHORIZING THE PURCHASE OF A
SUBSTANDARD HOUSE TO BE REHABILITATED AND
RESOLD TO A LOW OR MODERATE INCOME FAMILY
ALL AS PURSUANT TO RESOLUTION NO. 5 , 870; AND
FOR OTHER PURPOSES
WHEREAS, On December 20 , 1977 the Board of Directors adopted
Resolution No. 5 , 870 which approved a pilot project to utilize
existing housing stock to provide housing for low income citizens,
one such means being to purchase substandard houses capable of
being rehabilitated and reselling them; and
WHEREAS , pursuant to the provisions of said Resolution 5, 879 ,
it is desired to purchase a substandard house located at 209 East
32nd Street, rehabilitate same , and offer it for resale to a low
or moderate income citizen.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS .
SECTION 1. The Board of Directors of the City of Little Rock
hereby authorizes the purchase of a substandard house located at
209 East 32nd Street , more particularly described as the East 50
feet of Lots 1, 2 & 3 , Block 419 , DuVall 's Addition to the City of
Little Rock, Pulaski County, Arkansas , from the United States
Department of Housing & Urban Development for a purchase price of
$9 , 000 . 00 ; further, said Board authorizes the necessary expenditures
to rehabilitate said house for resale to a low/moderate income
family . Funds for the purchase and rehabilitation of said house
have been allocated in Community Development Block Grant funds .
SECTION 2 . This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: April 4, 1978
ATTEST: :g/yle APPROVED: a -
City Cler Mayor