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RESOLUTION AUTHORIZING THE PORTSMOUTH REDEv-~b~O~NT BJ~D HOUS/J~G <br /> <br />~ ~N CO~VATION PR~. ' - <br /> <br /> ~, ~er'~tle I of the Hous~ Act of 1949, as <br />~e~ (here~ ~efe~ to as "Title I"), the ~cret~y Of Hous- <br />~ ~ Urb~ ~velo~ent ~s aut~r_z~ to ~xte~ fL~c~al as~s <br />~ce to local public agencies ~ ~he el~tmon ~ preyention <br />of t~ spre~ of sl~ ~ ~b~ bl~ t~0~ the pl~ ~d <br />~er~ of ~ rene~ projects; ~ <br /> <br /> ~, the Po~outh R~evelopment ~ Hous~ Aut~- <br />ity, at the request of tha Co~c~, ~s ~vesti~t~ ~ report~ <br />to the ~cit on the co~ition of t~t p0~i~ of the City of <br />P~uth, gen~alty ~ova as Mb.~ ~n, ~ f~ther describ~ <br />on the attach~ bo~y descr~ot~bn, ~ <br /> <br /> ~, it is des~able ~d in the public ~te~est.t~t <br />t~ Po~smouth R~evelo~ent ~ Ho~i~ ~thority ~e s~eys <br />~ ~e~e plans, presently est~t~ to cost approx~tel~ ~ee <br />~ Forty-clOt ~us~, Seven H~ Eighty-five ($3~8,785.00) <br />~H~s in o~er ~ ~ert~ke ~c~ out ~ ~ renew~ project <br />~of the c~acter conte~lat~ by ~ction ~0 (c) ~ the City of <br />;Po~uth, ~ State of V~gi~, ~ch is describ~ on the above- <br />mention~ ~ description. <br /> <br /> h~W, ~, BE IT ~L~ bY the ~cil o_ the City <br />of Ports~ut~, V~a: <br /> <br /> 1. That the proposed Urban Rene~l Area described above <br />is a blighted, deteriorated, or deteriorating area appropriate for <br />.an urban rene~t project and that certain areas ~[thin the area <br />described above appear to be deteriorating and may be eligible for <br />conservation as provided under Section 38-48.1, et. seq.. of the ~.Code <br />of Virginia, 1950; as smended, and mt is so declared, and that the <br />undertaking by the Portsmouth Redevelopment mud Housing Authority <br />of surveys and plans for an urban rene~! project of the c~racter <br />contemplated by Section 110 (c) of Title I in the proposed Urban Re- <br />newal Area is hereby approved. <br /> <br /> 2. T~t the financial assistance available under Title I <br />is needed to er~ble the Portsmouth Redevelopment s_nd Housing Authority <br />to finance the planniog and underta~ing of the proposed Project. <br /> <br /> <br />