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106 <br /> <br />A RESOLUTION AUTHORIZING THE CITY ~NAGER TO INCUR COSTS IN CON- <br />NECTION WiTH TP~ PREPAP~TION OF A COi~h~gJNITY DEVELOPMENT PROG~_~M <br />APPLICATION. <br /> <br /> I~HEREAS, final regulations implementing the Housing <br />and Con, unity Development Act of 1974 were published in the <br />Federal Register on November 13, 1974; and <br /> <br /> ~iER?~AS, certain planning activities must be under- <br />taken by the City of Portsmouth in connection with the pre- <br />paration of an application to the Department of tlousing and <br />Urban Development for cor~unity development funds and other <br />activities must be undertaken as a prerequisite to the timely <br />initiation of the program; and <br /> <br /> ~qEREAS~ tlhe aforementioned regulations ~uthorize <br />localities to incur costs as of November 13, 1974, the effective <br />date of these final regulations for the planning and preparation <br />of a colm~unity development application. <br /> <br /> NOW, TIIEREFORE, BE IT RESOLVED, that the City Manager <br />be, and he hereby is, authorized to incur costs for necessary <br />activities in con]unction with the planning and preparation of <br />a co--unity development application for the City of Portsmouth <br />for the 1975 fiscal year. <br /> <br /> BE IT FURTHER RESOLVED that said activities will in- <br />Clude, among other matters, preliminary real estate acquisition <br />work and engineering studies of the project a~ea. <br /> <br /> BE IT FURTHER RESOLVED, that reimbursement for such <br />expenditures will be dependent upon the availability of com- <br />munity development funds after January 1, t975~ and upon sub- <br />mission of an acceptable community development application to <br />the Department of Housing and Urban Development in accordance <br />with the regulations. <br /> <br /> BE IT FURTHER RESOLVED that costs authorized to be incur- <br />red pursuant to this resolution shall be limited to the smm of Two <br />Hundred Twenty-five Thousand and 00/100 ($225~000.) Dollars. <br /> <br /> BE IT FURTHER RESOLVED that the costs authorized by <br />this resolution include the s~ of Five Thousand and 00/100 <br />($5,000.) Dollars, authorized by the resolution of this Council <br />dated Dece~ufoer 3, 1974, which resolution is superseded by this <br />resolution. <br /> <br /> <br />