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(B# Marketability Study <br />Mr. George Akahoshi of the Real Estate Research Corporation, Chicago <br />a the Commission a summary report on the "Re -Use and Marketability <br />Appraisal, Sample Street Project Area" prepared for the Department by <br />his organization. <br />T e report was submitted to the Commissioners for their approval. <br />(2) RI PORT ON COMPREHENSIVE PLAN <br />It was reported that a deadline for the completion of the only remaining phase <br />of the Comprehensive Plan, the Capital Improvement Report, has been set <br />for approximately the first of 1960. <br />(3) METHOD OF ACQUISITION IN SAMPLE STREET PROJECT <br />It was recommended that the property owners in the Sample Street :'ro, —' <br />Area be informed of the exact method which is to be used for the purchase <br />of properties. We would make one offer only, the average of the three ap- <br />praisals, for their property. <br />The Department would hire an experienced real estate man to negotiate with <br />e property owners. <br />Upon motion made, seconded and unanimously carried the recommended <br />method was adopted by the Commission <br />(4) ACQUISITION OF COMMERCIAL PROPERTIES IN SAMPLE STREET <br />PROJECT <br />e advisability of acquiring the commercial properties in the Sample Street <br />ea was discussed in the light of the recommendations of the Reuse Study, <br />James Louis made the motion that the acquisition of the commercial <br />:)perties be proposed to the Urban Renewal Administration. Mr. Fred <br />lmen seconded the motion. It was unanimously carried. <br />MEETING ADJOURNED 12:05 P.M. <br />Mr. lVirgti/A. dace, <br />W. Clyde E. Williams, Secretary <br />