HomeMy WebLinkAboutOrdinances Book 15, Page 220, No Resolution Number220 /
RESOLUTION OF GOVERNING BODY OF LOCALITY APPROVING A REVISED SURVEY AND
PLANNING APPLICATION FOR URBAN RENEWAL PROJECT KY. R-30
WHEREAS, under Title of the Housing Act of 19L•9, 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 projects; and
WHEREAS, on the 27th day of February, 1962, the Board of Commissioners
by Resolution did approve plans and surveys for the filing of an Application
on the above mentioned project; and
WHEREAS, it is desirable and in the public interest that the Urban
Renewal and Community Development Agency request a revision of the original
submitted surveys and plans; and
WHEREAS, the revised surveys and plans are presently estimated to cost
approximately $77,278.00, in order to undertake and carry out an urban
renewal project of the character contemplated by Section 110(c) of Title I,
in that area proposed as an Urban Renewal Area, situated in the City of
Paducah, County of McCracken and State of Kentucky, which is generally
described as follows:
An area of approximately 31.6 acrea in the downtown section of
Paducah, one block south from the main thoroughfare (Broadway)
extending from Third Street west to Eighth Street, and from
Kentucky Avenue south to the south property line of the parcels
adjacent to the south side of Clark Street.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
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
Development Agency of surveys and plans for an urban renewal project of the
i
character contemplated by Section 110(c) of Title I in the proposed Urban
Renewal Area is hereby appoved.
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 under- j
taking and carrying out of urban renewal projects with Federal financial assist
ance under Title I, including those prohibiting discrimination because of race,
color, creed or national oripin and those relating to the relocation of site
occupants and the provision of local prants-in-aid and the requirement that,
as a condition to the execution of a contract for a loan or capital grant for a
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urban renewal project, the locality must present to the Housing and Home Fi-
nance Administrator a workable program for community improvement, as set
forth in Section 101(c) of Title I, for utilizing appropriate public and privat
resources to eliminate and prevent the development or spread of slums and
urban bloght; 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 I, 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 Pro-
ject 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 advalce 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.
C. Winston Gholson, Mayor Pro Tem
Ci. "' «�
A. B. Fendley, Commi sioner