HomeMy WebLinkAboutResolution 258 RML UTION FILE 's
R E S O L U T I O N
RESOLUTION AUTHORIZING SUBMITTAL OF AN APPLICATION TO THE ECONOMIC
DEVELOPMENT ADMINISTRATION, U. S. DEPARTMENT OF COMMERCE, UNITED STATES
OF AMBRICA, UNDER THE TERMS OF TITLE IX, SECTION 901 (a) OF THE PUBLIC
WORKS AND ECONOMIC DEVELOPMENT ACT OF 1965, AS AMENDED.
WHEREAS, The Stockyards Redevelopment Study Area has been found to
possess a high level of unemployment and general economic decline;
WHEREAS, initial studies in the area have indicated excellent
potential for cos=ercial and industrial redevelopment;
WHEREAS, such redevelopment would be of benefit to the Stockyards
Area and the City of Fort Worth;
WHEREAS, an economic development strategy with regard to the
Stockyards Redevelopment Study Area is already under preparation using
the Technical Assistance Grant to answer major questions; 1
�./ WHEREAS, additional questions need to be answered prior to appli-
cation for additional implementation funds;
i ►S, federal funds which address general economic conditions of
major consequence to the Stockyards Redevelopment Study Area and the
City of Port Worth have become available for fiscal year 1975;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS:
1. That the City Manager be authorised to submit an application
to the Economic Development Administration for a grant under
the provisions of Title IX, Section 901 (a) of the Public
Works and Economic Development Act of 1965, as amended.