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RESOLUTION TO APPROVE THE NEIGHBORHOOD DEVELOPMENT PROGRAM AND ANNUAL INCREMENT
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WHEREAS, under Title 1 of the Housing Act of 1949, as amended (“Title 1”), the Secretary of Housing and Urban Development is authorized to extend financial assistance to local agencies in the elimination and prevention of the spread of their slums and a Neighborhood Development Program; and
WHEREAS, the Jonesboro Urban Renewal and Housing Authority has prepared and submitted a proposed Neighborhood Development Program and annual increment thereof covering the Urban Renewal Area described in Schedule A attached thereto; said proposed program and annual increment having been duly reviewed and considered;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS:
1. That the Neighborhood Development Program and annual increment are hereby approved. The City Clerk is hereby directed to file a copy of said program and annual increment with the minutes of this meeting.
2. That it is cognizant of the conditions that are imposed in the undertaking and carrying out of urban renewal activities with federal financial assistance under Title 1, including those relating to (a) the relocation of site occupants, (b) the provision of local grants-in-aid, (c) the prohibition of discrimination because of race, color, creed, sex or national origin, (d) the requirements of Section 105 h; and (e) the requirements of Section 3 of the Housing and Urban Development Act of 1968.
3 That the financial assistance available under Title 1 is needed to enable the Jonesboro Urban Renewal and Housing Authority to finance the undertakings and activities proposed in said program and annual increment.
4. That the Jonesboro Urban Renewal and Housing Authority is authorized to file an application for financial assistance to carry out the Neighborhood Development Program and the annual increment thereof.
PASSED AND ADOPTED this 3rd day of June, 1974.