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2; That the financial asststauce available uuder Title I is needed to enable the Portsmoutl~ l~edevelopment and Housing Authori~r to finance the planning and undertaking o£ the proposed Project. 3. That it is cognizant o£ the conditions that are tr~posed in the undertaking and carrying out of urban renewal projects with financial assistance under Title I, including those relating to (a) the . relocation of site occupants; (b) the provision o£ local grants-in-aid; (c) the prohibition o£ discrimination because o£ race, color, creed, ~'~ or national origin; and Id) the requirement that the locality present to · the Housing and Home Finance Administrator, as a prerequisite to approval o£ the application described below, a workable program for communit~ improvemeut, as set forth in Section 101 (c) o£ Ti~le I, for utilizing appropriate public and private resources to eliminate "and prevent the development or spread o£ slums and urban blight. 4. That the United States of America and the Housing and Home' Finance Administrator be, and hereby are, assured o£ full compliance By the Council of the City of Portsmouth wi~ re~ula~ons o~ ~e Housing and Home Fiance Agency effectuating Title VI o[ ~e Civil l~tghts Act of 1964, with'respect to said Urban l~enewaI l~roJect. That it is the sense of this body (a) that a feasible method for the relocation of individuals a~d families displaced from the Urban l~enew&l Area, iu conformity with the x'equirements of Title I, cau be ,repared, and (b) that local grants-in-aid can and will be provided in an amount which will be not less than one third of the Net l~roject Cost of ": · the l~roJect aud which together with the Federal capital grant, will be '. generall~ equal to the ~¢~erence bet~veen Gross l~roject Cost and the proceeds or,v~Iue of project land sold, leased, 'or re~ained ~or ~e use