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URBAN RENEWAL Coordinator of Urban Renewal, Franklin J. Bills, advised the Commission that "PROJECT "Project Industrial" had been originally planned as the City's first redevelopment INDUSTRIAL" project in the Westside area, and a complete application for planning funds and the reservation of capital grant funds had been previously submitted as Resolution Adopted approved by the City Commission. Due to the application of a formula adopted by the Urban Renewal Administration, this project was temporarily shelved inasmuch as the estimated capital grant funds necessary for this project exceeded the funds allocated to the City of Las Vegas. Mr. Bills requested adoption of a proposed resolution which had been approved by the Urban Renewal Advisory Committee and by the City Planning Commission. He stated further that the adoption of this resolution would authorize him, as Coordinator of Urban Renewal, to refile this application for survey and planning for "Project Industrial." together with supporting documents with the Housing and Home Finance Agency. This application could be considered only at such time in the future as Federal Funds again become available. Mr. Bills also stated the new housing legislation would possibly increase the ceiling on capital grant funds available to the City of Las Vegas. Commissioner Fountain moved the following resolution be adopted and order made: A RESOLUTION REQUESTING THAT THE APPLICATION FOR SURVEY AND PLANNING FOR PROJECT INDUSTRIAL BE REFILED WITH THE HOUSING AND HOME FINANCE AGENCY ON A STANDBY BASIS. WHEREAS, the city of Las Vegas did at the direction of the Housing and Home Finance Agency execute a Feasibility Survey at the expense of over $19,000.00 of which $16,654.00 was a federal advance; and WHEREAS, as a result of this Feasibility Survey it was determined that the best course of action for the City of Las Vegas was to file on Application for Survey and Planning for Project Industrial and said Application for Survey and Planning and a subsequent Eligibility and Relocation Report was submitted to the Housing and Home Finance Agency; and WHEREAS, on September 9, 1958, the Housing and Home Finance Agency did establish a formula placing a fiscal year ceiling on capital grant authority available to a locality; and WHEREAS, as a result of this formula project Industrial was determined to be in excess of the ceiling and would not be permitted in it's original, form; and WHEREAS, the Housing and Home Finance Agency did permit an Application for Survey and Planning for an alternate project; and WHEREAS, an Application for Survey and Planning for the Madison School Project was filed and said project is now in the planning stages; and WHEREAS, the Housing and Home Finance Agency permits a locality to file an Application for Survey and Planning which would exceed the present fiscal year ceiling on a standby basis for future consideration when federal funds become available; and WHEREAS, the United States Congress has enacted an Omnibus Housing Bill that would make these federal funds available; NOW THEREFORE BE IT RESOLVED by the Board of City Commissioners of the City of Las Vegas that the original Application for Survey and Planning for Project Industrial be refiled and; BE IT FURTHER RESOLVED that the Eligibility and Relocation Report for Project Industrial be refiled and; BE IT FURTHER RESOLVED that the documents be refiled with the statement that in view of the present limitations on available capital grant authority the Local Public Agency desires to have the Application and the Report held in a standby status by the Housing and Home Finance Agency until such time as further consideration is possible, and/or the present fiscal year ceiling is raised. Moved, Approved and Adopted this 7th day of October, 1959. /s/ Oran K. Gragson________________ Attest: ORAN K. GRAGSON, Mayor /s/ Marjorie Holtschlag MARJORIE HOLTSCHLAG, City Clerk Motion seconded by Commissioner Whipple and carried by the following vote: Commissioners Elwell, Fountain, Whipple and His Honor Mayor Gragson voting aye; noes, none. Absent: Commissioner Sharp. URBAN RENEWAL Planning Director Bills requested the adoption of a general neighborhood plan covering the area between the Union Pacific Railroad and Highland, West Bonanza General Neighborhood Road and the north City Limits; said plan being in harmony with the City Master Renewal Plan Plan and providing some refinements to the General Master Plan. Mr. Bills added this was a necessary and valuable step in the preparation of complete final Adopted detailed planning for the Madison School Redevelopment Project. He stated this plan proposed a somewhat different line of the freeway through the Westside School and Westside Recreation Area and he felt this was a method by which they could solidify their position on this with the State Highway Dept. Commissioner Fountain stated in his opinion the freeway in this particular area was five years away and asked how this would affect any rezoning for this year and the following year. Mr. Bills stated it would have the same general effect the Master Plan might have and that on zoning items the particular circumstances must be taken into consideration. Commissioner Fountain stated he would not agree if any restriction was to be put on property owners in this right-of-way as they had to protect those people. Mayor 10-7-59