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Res 1085 6/2/1970p RESOLUTION NO. /2/ RESOLUTION APPROVING APPLICATION FOR PRELIMINARY LOAN FOR LOW-RENT PUBLIC HOUSING WHEREAS, it is the policy of this locality to elimin- ate substandard and other inadequate housing, to prevent the spread of slums and blight, and to realize as soon as feasible the goal of a decent home in a suitable living environment for all of its citizens; and WHEREAS, under the provisions of the United States Housing Act of 1937 , as amended, the Department of Housing and Urban Development is authorized to provide financial assistance to local public housing agencies for undertaking and carrying out preliminary planning of law-rent housing projects that will assist in meeting this goal; and WHEREAS, the Act provides that there shall be local determination of need for low-rent housing to meet needs not being adequately met by private enterprise and that the Depart- ment of Housing and Urban Development shall not make any contract with a public housing agency for preliminary loans for surveys and planning in respect to any low-rent housing projects unless the governing body of the locality involved has by resolution approved the application of the public housing agency for such preliminary loan; and WHEREAS, the Housing Authority of the City of Wichita Falls, Texas, (herein called the " Local Authority") is a public housing agency and is applying to the Department of Housing and Urban Development for a preliminary loan to cover the costs of surveys and planning in connection with the development of law- rent housing. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMAN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. There exists in the City of Wichita Falls, Texas, a need for such law-rent housing at rents within the means of law-income families; SECTION 2 . The application of the Local Authority to the Department of Housing and Urban Development for a preliminary loan in an amount not to exceed $60, 000 .00 for surveys and planning in connection with law-rent housing projects of not to exceed approximately 150 dwelling units is hereby approved. PASSED AND APPROVED THIS the 2nd day of June, 1970. M A Y O R ATTEST: CITY CLERK