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<br />TUESDAY <br /> <br />I,lARCH 20, 1956 <br /> <br />FortunateJy, Federal funds are readiJy available to do the necessary <br />exploratory work, then, if the project is later a~)proved and the necessary <br />public approval later obtained, these costs lffOuld become a part of the <br />total project costs. As you know, the Federal Gover:lIilent ....rill bear tvvo- <br />thirds of the allocable cost of renewal projects of this nature with the <br />remainder to be borne by the city in money and services. On the other hand, <br />if the project is not justified and not approved by t:he public, these <br />exploratory studies YJith such Federal funds can be made at no cost to our <br />city. In order, however, to obtain such Federal monies for exploratory <br />studies and creat:i_on of a workable plan, it wiD. first be necessary to <br />es tablish a loco.l Urban Reccvelopnent Authority in order that application <br />for such funds may be "l,-,de. This may be clone, of course, without commiting <br />the city or 01JY cmrJ:1uni ty to the completion o i.' a renevI2cl project. <br /> <br />Accordingly, the City Planning COTh'1lission 1125 voted 1J.namimousl,y the <br />making of the folloTri.nc; reco~:rrilendations to the Council of the Ci~r of <br />hl2.r ti ill vi 11e : <br /> <br />1. That appl:Lcation be l1lDde t11r'OUB;h the state Division of Planni.ng <br />and Economic Development to the Urban Renevml Achninistration for the <br />necessaF.f plannin[~ funds to carry out a complete study ani the preparation <br />of a 'workable l)lcm that viTi.ll correct the downtovm traffic problem and, at <br />the same time, 'oreserve our downtown area and its taxab Ie values from <br />economic loss and blight brought about by such traffic strangulation. <br /> <br />2. That a loco.1 Urban Henewal Authority be created in accordame <br />wi.th la'll in orcJer that aoplication for such Federal fUl1ds may be made. <br /> <br />Should the C01J.l1cil see fit to follow these reCOT.1Inenclations, it is <br />believed that the resulting studies would inform us as to whether or not <br />the cas t involved in connection with the correction of ~~is most serious <br />problem would be justified. It is the further desire of the C omw.ission, <br />after ascertainment of the costs, to hold a number of public hearinp,s in <br />order to learn mare fully the desires of the p1iiJlic before making any <br />further recorrrrr,enclations on thi.s subject. <br /> <br />Respect.fully submitted, <br />John J. llc:~ctley, Chairman <br />Hartin:willc; PlanmI\CS COlamission <br /> <br />Pursuout to duly-advertised iJublic notice, sealed bids Viere received in the City <br /> <br />Manager's office on L'arch 8, 1956 for the purchase of a tract of land mmed by <br /> <br />the City adjacent to Eandy's Sandwi.ch Shop near l.'Iemorial 30ulc,vard South and <br /> <br />River::l1ont Heights. UpOCl rocorrrrnendation of City l.1anager Eathewson and Real Estate <br /> <br />Agent Brooks ~. Leavitt, the high bid of ~n,512.50 subr:ritted by Mr. W. H. Handy <br /> <br />,-.. ,~-","~""""""I.""""'"''"'"''''"'-''''''''''-'--''''''''"------'' <br /> <br />_____"-,,."-,.,".",~~--m.."".--,.,.,,----~---.-~"-...*'..,,,,".."-~"". .,'-'- <br />