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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JONEBORO, ARKANSAS APPROVING APPLICATION FOR AN ADVANCE OF FUNDS FOR THE COST OF SURVEYS AND PLANS FOR AN URBAN RENEWAL PROJECT FOR THE PREVENTION AND ELIMINATION OF SLUMS AND URBAN BLIGHT IN JONESBORO, ARKANSAS
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WHEREAS, under title 1 of the Housing Act of 1949, as amended, the Secretary of Housing and Urban Development is authorized to extend financial assistance to local public agencies in the elimination and prevention of the spread of their slums and urban blight through the planning and undertaking of urban renewal projects; and
WHEREAS, it is desirable and in the public interest that the Jonesboro Urban Renewal and Housing Authority make surveys and prepare plans, presently estimated to cost approximately two hundred eighty-four thousand dollars ($284,000.00), in order to undertake and carry out an urban renewal project of the character contemplated by Section 110 c of the City of Jonesboro, County of Craighead and State of Arkansas, R-115, the boundary of which is described in the boundary description attached to and made a part of this resolution.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARK:
1. That the proposed Urban Renewal Area described above is a slum, blighted, deteriorated or deteriorating area appropriate for an urban renewal project and that the undertaking by the Jonesboro Urban Renewal and Housing Authority of surveys and plans for an urban renewal project of the character contemplated by Section 110 c of Title 1 in the proposed Urban Renewal Area is here approved.
2. That the financial assistance available under Title 1 is needed to enable the Jonesboro Urban Renewal and Housing Authority to finance the planning and undertaking of the proposed Project.
3. That it is cognizant of the conditions that are imposed in the undertaking and carrying out of urban renewal projects with federal financial assistance under Title 1, including those relati...
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