Laserfiche WebLink
III . <br />or MILLS <br />1440 01 AC -54 Options - Partial payment of 21 parcels <br />at $10.00 each $210.00 <br />On m tion made by Mr. Place seconded by Mr. Koczan and unanimously <br />appro ed, the claims for payment totaling $210.00 were endorsed by the <br />Com ission. <br />I V. IIffiWili��'ID�1Bl�7TS; <br />V. <br />VI. <br />Mr. elmen reported the maturity of $200,000 in 30 -day U. S. Treasury <br />Bills Required procedure for reinvestment would be to handle the trans- <br />action as a new purchase rather than an automatic renewal. <br />On motion made by Mr. Williams, seconded by Mr. Koczan and unanimously <br />carried, the Commission agreed to reinvest $200,000 for another 30 days in <br />U. S Treasury Bills. <br />RES ILUJIMON <br />The Commission discussed allowing a rent free period to the property owners <br />in the Sample Street Project Area - Project No. Indiana R -7., following the <br />closiAigs of real estate purchases by the Commission. <br />On motion made by Mr. Louis, seconded by Mr. Place, and unanimously <br />pass d, the Commission adopted a resolution entitling each property ownertp <br />rent f -ee occupancy for a period of fifteen (15) days from the date of closing. <br />Resol tion No. 26 is hereby attached and made a part of these minutes. This <br />resol tion supersedes all previous res- olutions. <br />S; R IE POIRY <br />The Commission was given a report on the first closing of property First <br />acqui ed in the Sample Street Project Area - Project No. Indiana R -7. Closing <br />Negol iations were completed on Parcel No. 5 -1 at the office of the <br />Attorney, Mr. F. K. Baer, on November 1, 1960. <br />Mr. Sucher informed the Commission that the first 221 FHA Mortgage Reloca- <br />Insur nce has been issued for existing housing to one of the dis - tion <br />placed families from the Sample Street Project Area. <br />- 2 - <br />?t <br />