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Section /~. That financial assistance under the provisions of <br />Title I of the Housing Act of 1949, as amended, is necessary to enable <br />the land in the areas comprising the Program to be renewed in accordance <br />with the Urban Renewal Plan for the Program, and accordingly, the pro- <br />posed Program and the annual increment are approved and the Local Public <br />Agency is authorized to file an application for financial assistance <br />under Title I. <br />Passed at a regular :meeting on the ~ day of ~ ~ Y , <br />1973. <br />~: ~ ~ ~ <br />Ma or <br />ATTEST: <br />City Clerk '~ ;~ <br />-4- <br />