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28 A RESOI/3TION APPROVING THE REDEVELOPMENT PLAN AND THE FEASIBILITY OF RELOCATION FOR ~E SOUTHSIDE IV REDEVELOPM~4T PROJECT. WHEREAS, under the provisions of the Housing and Cc~m~ity Develop~ meat Act of 1977, f~ancial assistance is provided to localities for undertaking and carrying out continuity development activities~ including the execution of urban renewal projects; and WHEREAS, said urban renewal projects must be approved by the govern- ing body of the locality in which the project is situated and that such approval must include findings by the governing body that: (1) the Urban Renewal Plan '~mll afford maxim~a opportunity, ecnsist~nt with the Sound needs of the locality as a wb~le, for redevelopment of the urban renewal area by private and/or public enterprise; and (2) the Urban Renewal Plan conforms to the general plan for the development of the locality as a whole; and WHEREAS, an Urban Renevzal Plan, identified as the Southside IV Redevelopment Plan (hereinafter referred to as the "Plan"), dated May 1978, ~nd consisting of 13 pages and two exhibits has been referred to this Council for review and approval; and WHEREAS, the Plan for the urban renewal project identified as the Soutbside IV Redevelopment Project, (hereinafter called the "Project"), encompasses the area as described in the attached boundsry description in the City of Portsmouth, State of Virginia, (hereinafter celled "Locality"), and delineated on the attached emhibits;~ and WHEREAS, detailed studies of the location, physical condition of structures, land use, environmental Jmfluences, and social, cultural~ and economic conditions of the project ~rea have been made ~_nd it has been determined t/eat the area is blighted~ deteriorated, or deteriorating, and that conditions in the area are detrimental and a menace to the safety, health, and welfare of the inhabitants and users thereof and of the City of Portsmouth at large. Further, this blighted~ deteriorated or deteriorating area is detr~aental to the safety, health, morals and welfare of the o~anity because of dilapidation and basic environmental deficiencies such as, overcrowding or improper location of structures on the land; incu~atible land use relationships, obsolete building types, inadequate parking and the dilapidation of auxiliary structures in rear yards which together with accumulation of debris produces a deleterious effect in some areas of the project; and the r~bers of the Council are aware of these facts and conditions; ~nd