Page:United States Statutes at Large Volume 100 Part 3.djvu/874

 100 STAT. 2682

PUBLIC LAW 99-514—OCT. 22, 1986 (L) A project is described in this subparagraph if it is a » •• mixed use redevelopment project either— (i) in an area (known as the Near South Development Area) with respect to which the planning department of a city described in paragraph 3(C) promulgated a draft development plan dated March 1986, and which was the subject of public hearings held by a subcommittee of the plan commission of such city on May 28, 1986, and June 10, 1986, or (ii) in an area located within the boundaries of any 1 or more census tracts which are directly adjacent to a river whose course runs through such city. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $75,000,000. (M) A project is described in this subparagraph if it is a redevelopment project for an area in a city described in paragraph 3(C) and such area— (i) was the subject of a report released in May 1986, prepared by the National Park Service, and (ii) was the subject of a report released January 1986, prepared by a task force appointed by the Mayor of such city. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $75,000,000. (N) A project is described in this subparagraph if it is a city-university redevelopment project approved by a city ordinance No. 152-0-84 and the development plan for which was adopted on January 28, 1985. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $23,760,000. (O) A project is described in this subparagraph if— (i) an inducement resolution was passed on March 9, 1984, for issuance of bonds with respect to such project, (ii) such resolution was extended by resolutions passed on August 14, 1984, April 2, 1985, August 13, 1985, and July 8, 1986, (iii) an urban development action grant was preliminarily approved for part or all of such project on July 3, 1986, and (iv) the project is located in a district designated as the Peabody-Gayoso District. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $140,000,000. (P) A project is described in this subparagraph if the project is a 1-block area of a central business district containing a YMCA building with respect to which— (i) the city council adopted a resolution expressing an intent to issue bonds for the project on September 27, 1985, ',,.. (ii) the city council approved project guidelines for the project on December 20, 1985, and (iii) the city council by resolution (adopted on July 30, 1986) directed completion of a development sigreement. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $26,000,000.

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