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ORDINANCE OF THE COUNCIL OF THE CITY OF PORTSMOb~Dt APPROVING THE <br />REDEVELOPbZNT PLAN AS ~dENDED BY ~&~NDMENT NO. 3 FOR PROJECT NO. <br />VA <br /> <br /> WHEREAS, under the Frovisions of Title t of the Nousing Dar of <br />1949~ as amended, the Housing and Home Finance Administrator is <br />authorized to provide financial assistance to Local Public Agencies <br />for undertaking and carrying out Redevelopment Projects: and <br /> <br /> WHEREAS, it is provided in such Act that contracts for financial <br />aid thereunder shall require that the Redevelopment Plan for the <br />respective project area be approved by the governing body of the locality <br />in which the project is situated ~nd that such approval include findings <br />by the governing body that: <br /> <br />1~ The Redevelopment Plan will afford maximum opportunity, <br />consistant with the sound needs of the locality as a whole, <br />for the redevelopment of the redevelopment area by privaze <br />enterprise: <br /> <br />2. The Redevelopment Plan conforms to a general plan for <br />the development of the locality as a whole, mhd <br /> <br />34 The Redevelopment Plan gives due consideration to the <br />provision of adequate park mhd recreational areas and <br />facilities, as may be desirable for neighborhood improvement, <br />with special consideration for the health, safety, and welfare <br />of children residing in the general vicinity of the site <br />covered by the Plan; and <br /> <br /> ~EREAS, the Portsmouth Redevelopment and Housing Authority [herein <br />called the "Local Public Agency") has entered into a loan and grant contract <br />for financial assistance under such Act with the U~ited States of America, <br />acting by mhd through the, Housing and Home Finance Administrator, pursuant <br />to which Federal funds were provided for the R~development Project then <br />identified as Lincolnsville Project~ Project No. Va R-6~ September~ 19S9~ <br />and encompassing the area described on the attached sheet in the City of <br />Portsmouth, State of Virginia; and <br /> <br /> ~IEREAS, by resolution adopted on November 20, <br />Agency changed the name of the Lincotnsville Project <br />Place Project Va R-6; and <br /> <br />i962~ the Local Public <br />Va R-6 to Fort Nelson <br /> <br /> WHEREAS, the Local Public Agency has heretofore made detailed studies <br />of the location~ physical condition of st~dctures~ land use~ environmental <br />influences~ and social~ cultural and economic conditions of the Project <br /> <br /> <br />