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Res 37 8/19/1949� RESOLUTION N0. 37 WHEREAS, the Housing Authority.of. the City of Wichita Falls is applying to the Public Housing Administration in accordance with the provisions of the United States Housing Act of 1937, as amended, for a Preliminary Loan in the amount.of #100,000.00 to cover the costs of surveys and planning in connection with the development of approxi- mately 500 dwelling units of.low -rent public housing; and AREAS, there exists in.the City.of Wichita Falls a need for such low -rent public housing.at rents within the means of low -income families, especially families of living or deceased veterans and servicemen, which need is not being met . by private enterprise; and WHEFOAS, such a condition constitutes a menace to the health, safety, morals and welfare . of. the. inhabitants of the City; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDMIM OF THE CITY OF WICHITA FALLS, TEAS: That tha Board of Aldermen of the City of Wichita Falls does hereby approve the Application of the Housing Authority of the City of Wichita Fails to.the Public.Housing.Administration for a Preliminary Loan in an amount not to, exceed $100,000.00,. to. cover the costs of surveys and planning iri�,eohnection. with the,development of approxi- mately 500 dwelling units of low -rent public,housing the City of %lehita, Falls; and does. hereby declare its. intent,to enter hereafter into an agreement with said'Housing Authority.for the local cooperation by the City in the provisi m..of..said.low -rent public housing which may be required.by the Public. Housing Administration pursuant to the United States Housing Act,of 1937, as amended. PASSED AND APP'ROV'ED this this 19th_ day of August 1.9+9. .�r r; r