RES NO 12-02-1978 RESOLUTION NO. 2. JZ -Yf77
A RESOLUTION OF THE CITY OF VAN BUREN, ARKANSAS, ALLOCATING COMMUNITY DEVELOPMENT
BLOCK GRANT FUNDS TO THE CENTRAL BUSINESS REDEVELOPMENT PROJECT.
WHEREAS, the City of Van Buren has received an Urban Development Action Grant
from the Department of Housing and Urban Development; and
WHEREAS, the Urban Development Action Grant is a part of the "Central Business
District Redevelopment Project and
WHEREAS, also included in the CBD Redevelopment Project are certain public
improvements to be financed with Community Development Block Grant funds; and
WHEREAS, in order to carry out the over -all CBD Project and to receive the
Urban Development Action Grant, the City must affirm the availability of
Community Development Block Grant funds for the project.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN,
ARKANSAS:
1.
That the City of Van Buren allocates $500,000.00 of Community Development Block
Grant funds for public improvements within the Central Business District.
II.
That the allocated Community Development Block Grant funds will be used within
the CBD, to (1) acquire property for public use, right -of -way, and public
parking; (2) improve and widen Washington Street from Third Street through
Knox Street to Highway 59; (3) construct off street parking areas; and (4) match
State Historic Preservation Program Grant funds for facade restoration.
PASSED AND APPROVED this 18th day of December, 1978.
i
Mayor
ATTEST:
City Ci -rk