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<br />WiiEREAS there has; been prepared and referred to the Council <br />of the City of Louisville (herein called the "Governing Body") <br />for review and approval an Urban Renewal Plan for the urban renewal <br />area, dated April 18, 1973, and consisting of 7 pages and 3 <br />exhibits; and <br />WHEREAS the Urban Renewal Plan has been approved by the <br />Governing Body of the Lc-cal Public Agency, as evidenced by the <br />copy of said Body's duly certified resolution approving the <br />Urban Renewal Plan which is attached thereto; and <br />WHEREAS the general plan has been prepared and is recognized <br />and used as a guide for the general development of the Locality as a <br />whole; and <br />WHEREAS it is necessary that the Governing Body take <br />appropriate official action respecting the Urban Renewal Plan <br />nor the Program, in conformity with the contracts for financial <br />assistance between the Local Public Agency and the United States <br />of America, acting by acid through the Secretary of Housing and <br />Urban Development; and <br />WHEREAS the Governing Body is cognizant of the conditions <br />treat are imposed in the undertaking and carrying out of urban <br />-renewal activities and undertaking with Federal financial <br />assistance under Title ]:, including those prohibiting discrimination <br />because of race, color, creed, or national origin: <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY <br />OF LOUISVILLE: <br />1. That it is hE~reby found and determined that the urban <br />renewal area comprising the Program is a slum and blighted area <br />and qualifies as an eliciible area under the Colorado Urban <br />Renewal Law. <br />2. That the Urban Renewal Plan for the Program, having been <br />~.uiy reviewed and considered, is hereby approved, and the Clerk <br />be and is hereby directE:d to file said copy of the Urban Renewal <br />Plan with the minutes of: this meeting. <br />3. That it is hE~reby found and determined that where clearance <br />is proposed that the objectives of the Urban Renewal Plan cannot <br />be achieved through morE. extensive rehabilitation of portions of <br />the urban renewal area comprising the Program. <br />4. That it is hereby found and determined that the Jrban <br />Renewal Plan for the Program conforms to the general plan of <br />the Locality. <br />5. That it is hf~reby found and determined that the ri.. :racial <br />aid provided and to be provided pursuant to the contracts rcr <br />Federal financial assisttance pertaining to the Program is izc:c -: ary <br />to enable the Program to be undertaken in accordance with t?~~ :.ban <br />Renewal Plan for the area comprising the Program. <br />6. That it is hereby found and determined that the °.~~ ... <br />Rer;ewal Plan for the urban renewal area comprising the ~'~'c~:~i ~. .~ : i l <br />afford maximum opportunity, consistent with the sound n~,<<~ ~ ,~~ ~h~~ <br />Locality as a whole, for the renewal of the area by privat e~- r~rprise. <br />-2- <br />