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Transfer o� Funds
<br />Fro Redevelopment District Capital Fund $896,149.00
<br />To: Project Expenditures Account
<br />Fro Project Expenditures Account 8, 879.13
<br />To: Sample Street Project. Fund
<br />From: Sample Street Project Fund 8 879.13
<br />To: Urban Redevelopment Fund
<br />$913,907.26
<br />The transf Dr amount of $8,879.13 repays . the loan from.the City to the Project Expend-
<br />itures Acc Dunt pending the bond sale. The transfer amount of $896, 149.00 covers
<br />the project expenditure costs.
<br />Upon moti n duly made, seconded and unanimously approved, the claims for payment
<br />totaling $2,838.39 and the claims for Transfer of Funds totaling $913,907.26 were
<br />endorsed by the Commission.
<br />It is hereby noted that claims totaling $1, 3 55.2 5 and the claims for Transfer of Funds
<br />totaling $913,907.26, having been signed by the Commissioners, were not docketed
<br />prior to the meeting.
<br />III . 0�10101ws
<br />The Comm ssion reviewed the Option Agreements signed by property owners in the
<br />Sample Street Project Area - Indiana R -7. Upon motion duly made, seconded, and
<br />unanimously carried,, the Commissioners a proved 27 Option jA e ments • 5-4 .4 -6 9 -14,.
<br />16-11 1-� ,15 -2, 17,9- �12,8� 26,12- J�,:1� 112Z,12 -56 9p 24, 2�3�,12- 6�,8 -2�9,
<br />12 -7,- 1,6-3, 10 7,3.-6, 5 -1 .,4 -11,1
<br />IV. 3 1WID(G EV 1RzWffSI[GIN
<br />A revision of the Project Expenditures Budget was .submitted by Mr. Sucher to the
<br />Commission for their approval. The revision will provide for additional amounts
<br />in the accounts for Project Execution Expenditures: Administration Overhead, Travel,
<br />Office Furniture & Equipment, Temporary Operation of Acquired Property, Relocation
<br />Costs; wh ch will be transferred from the amounts budgeted in the accounts of:
<br />y
<br />Total. Sury & Planning Expenditures and Interest.
<br />Upon moti n made by Mr. Place, seconded by Mr. Koczan, and unanimously carried,
<br />the Commission approved submission of the proposed budget revision to the Urban
<br />Renewal Administration.
<br />V. Mmiciurrilom Iwo. 2,%
<br />Upon motion made by Mr. Place, seconded by Mr. Koczan and unanimously carried,
<br />the Commission adopted a resolution reconfirming the salaries of the Executive
<br />Director and Assistant Director at $15,000 and $8,500 per annum, respectively.
<br />A copy of 1he resolution is hereby attached and made a part of these minutes.
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