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RES NO 04-04-1998 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. A RESOLUTION ADOPTING A RESIDENTIAL ANTI DISPLACEMENT PLAN WHEREAS, in order to qualify for grant funds administered by the Arkansas Economic Development Commission, provided under the Housing and Community Development Act, a Residential Anti Displacement Plan is required; and WHEREAS, in recognition of the need to obtain grant assistance for eligible community improvement activities through funding by the Housing and Community Development Act, a need for the adoption of a Residential Anti Displacement Plan is acknowledged. THEREFORE, the Residential Anti Displacement Plan set forth as "Exhibit A" to this Resolution is hereby adopted. RESOLVED this ,D ij day of giR /Z-> 1998. APPROVED: Mayor Joh Ri s, N� ATTEST: C ity Cler 0 EXHIBIT "A" RESIDENTIAL ANTI- DISPLACEMENT PLAN The City of Van Buren, Arkansas, will replace all occupied and vacant occupiable low- moderate income dwelling units demolished or converted to a use other than as low- moderate income housing as a direct result of activities assisted with funds provided under the housing and Community Development Act of 1974, as amended, and described in 24 CFR 570.496a (b) (1). All replacement housing will be provided within three years of the commencement of the demolition of rehabilitation relating to conversion. PART II The City of Van Buren, Arkansas will provide relocation assistance, as described in 570.496a (b) (2), to each low /moderate income household displaced by the demolition of housing or by the conversion of a low /moderate income dwelling to another use as a direct result of assisted activities. If any such project will involve the demolition or conversion of low or moderate income dwelling units, the following will be provided: 1. The general location on a map and approximate number of dwelling units by size (number of bedrooms) that will be demolished or converted to a use other than low moderate income dwelling units as a direct result of the assisted activity; and 2. A time schedule for the commencement and completion of the demolition or conversion; and 3. The general location on a map and approximately number of dwelling units by size (number of bedrooms) that will be provided as replacement dwelling units; and 4. The source of funding and a time schedule for the provision of replacement dwelling units; and 5. The basis for concluding that each replacement dwelling unit will remain in a low moderate income dwelling unit for at least 10 years from the date of initial occupancy. PART III Consistent with goals and objectives of activities assisted under the Act, Van Buren, Arkansas, will make every effort to minimize the displacement of persons from their homes. John Riggs, Mayor of Van Buren Date 0 Number of Resolution Approving Plan A