HomeMy WebLinkAboutOrdinances Book 14, Page 678, No Resolution Number675/
A RESOLUTION OF THE BOARD OF C00,1ISSIONERS, CITY OF PADUCAIi, KENTUCKY,
APPROVING A RESOLUTION OF THE URBAN RENEWAL AND CONil'+IUNITY DEVELOPNENT
AGENCY, REQUESTING THE APPROVAL FOR THE UNDERTAKING OF SURVEYS AND
PLANS FOR AN URBAN RENEWAL PROJECT TO BE KNOWN AS THE "DOWNTOWN CIVIC
CENTER PROJECT"
i°IHEREAS, under Title I of the Housing Act of 1949, as amended (herein
referred to as "Title I",)the Housing and Home Finance Administrator 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 prpjects; and
WHEREAS, it is desirable and in the public interest that the Urban
Renewal and Community Development Agency make surveys abd prepare plans,
presently estimated to cost approximately Forty-seven Thousand Nine
Hundred Sixty-one Dollars ($47,961.00), in order to undertake and carry
out an urban renewal project of the character contemplated by Section
110 (c) of Title I, in the area proposed as an Urban Renewal Area,
situated in the City of Paducah, County of McCracken, and State of Kentucky,
which is described as follows:
An area of approximately twenty-four (24) acres in the downtown
section of Paducah, one (1) block south from the main thorough-
fare (Broadway) extending from Third Street wrest to Sixth Street
and from Kentucky Avenue south to the south property line of the
parcels adjacent to the south side of Clark Street.
N0U, THEREFORE, BE IT RESOLVED BY THE BOARD OF COT.94ISSIONERS, CITY
OF PADUCAH, KENTUCKY:
1. That the proposed Urban Renewal Area described above is a blighted,
or deteriorated, or deteriorating area appropriate for an urban renewal
project and that the undertaking by the Urban Renewal and Community Develop-
ment Agency of surveys and plans for an urban renewal project of the
character contemplated by Section 110 (c) of Title I in the proposed Urban
Renewal Area is hereby approved.
2. That the financial assistance available under title I is needed
to enable the Urban Renewal and Community Development Agency 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
assistante under Title I, including those relating to the relocation of site
occupants, to the provision of local grants-in-aid, and to the requirement
that as a condition to the execution of a contract for a loan or capital
grant for an urban renewral project the locality present to the Housing and
Home finance Administrator a 'lockable Program, as set forth in Section 101
(c) of Title I, for utilizing appropriate public and private resources to
eliminate and prevent the developnent or spread of slums and urban blight;
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and that it is the sense of this body (a) that a .feasible method for the
relocation of families displaced .from the urban renewal area, in conformity
with Title 1, can be prepared and (b) that the local grants-in-aid can and
will be provided in an amount which will be not less than one-fourth of the
Net Project Cost of the Project and which, together with the Federal capital
grant, will be generally equal to the difference between Gross Project Cost
and the proceeds or value of project land sold, leased, or retained for use
in accordance with the urban renewal plan.
4. That the filing of an application by the Urban Renewal and
Community Development Agency 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 renewal project in the proposed Urban Renewal Area described above
is hereby approved.
T iayor
Passed by the Board of Commissioners February 27, 1962
Recorded by Sarah Thurman, City Clerk, February 27, 1962.