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6. <br />NEW BUSINESS (Cont'd) <br />of the plan. However, the total application must <br />be reconstructed to incorporate added site improve- <br />ments, to meet the needs of the developer. The time <br />element in preparing the Amendatory is very critical <br />d to scarcity of Federal funds. Therefore, the <br />datory Application must be correctly assembled <br />wi all dispatch. Because of the nature of the <br />jo , planning qualifications do not need to be <br />ev luated. What must be considered is which firm - <br />is best equipped to perform a critical, and, yet <br />ba ically, a mechanical function. <br />On motion by Mr. Helmen, seconded by Mr. Cheney, <br />t contract was awarded to City Planning Associates <br />fo their proposal and the motion was unanimously <br />ca i ed. <br />b. Resolution No. 278: This Resolution is to <br />approve a provide oor ►e execution of a proposed <br />Loan and Capital Grant Contract, numbered Contract <br />No. Ind. R- 66(LG), between the City of South Bend, <br />Department of Redevelopment and the United States <br />of America, pertaining to Project Ind. R -66 and <br />establishing a project expenditures account with <br />respect to said Project. The Commissioners in <br />f rmally executed this Contract, after the Execu- <br />tive Session, with the news media present. Mr. <br />flinger apprised the execution of this contract <br />w 11 be sent inmediately to HUD, in Chicago, for <br />t it execution, and the monies should be received <br />s rtly to carry out the Downtown Urban Renewal <br />P ram, Ind. R -66. This is for a loan of <br />$ 1,7099075 and a grant of $11,649,792. The City's <br />a tual cash contribution to the project is esti <br />ted to be about 7.5 Million Dollars. President <br />W ggins apprised the news media that the execution <br />o this contract is the culmination of eight years <br />o intensive and sometimes frustrating work by the <br />issioners, as well as the Redevelopment staff; <br />a d the office of the Mayor. <br />a <br />C <br />Bellinger gave a brief outline of the Downtown <br />,ogram and stated that there will be a substantial <br />ange in the street system, with a pedestrian mall <br />ong Michigan Street. He stated the post office <br />to can be acquired by early part of next year. <br />arles W* Cole & Son, Inc., South Bend, has been <br />arded a contract by the U. S. Post Office Depart - <br />nt for the architectural- engineering work on the <br />main Post Office, in the Central Downtown Urban <br />reveal Project, R -66. With the completion of the <br />-5- <br />RESOLUTION N0. 276. <br />LOAN & COITAL GRANT <br />CONTRACT. CENTRAL <br />DWffM WNN RENEWAL <br />PROdECT,_R -66 <br />