RM 04-05-62 - Laserfiche WebLink

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III. APPROVAL OF CLAIMS (Continued) Reimbursement to Redevelopment Revolving Fund for Expenditures for the month of March, 1962 From Project Expenditures Account Fund $3,895.74 From Urban Redevelopment Fund 1,976.93 $5,872.67 On m tion made by Mr. Koczan, seconded by Mr. Williams, and unani- mously carried, claims for payment totaling $45,859.39 and transfer of funds amounting to $5,872.67 were endorsed by the Commission. IV. COMMITTEE REORGANIZATION Mr. Sucher reported that work has been started on the problem of the Yeorganization of the Mayor's Citizens' Committee and that a prop sal will be submitted within two weeks for the Commission. V. PROGRESS REPORT Mr. Lynch, Field Manager of Interstate Demolition Corp. PAYMENT OF appeared before the Commission and reported work has DEMOLISHED been completed on 75/ of the buildings submitted to him STRUCTURES for demolition. Mr. Lynch requested 90/ payment and 10/ retainer on structures 100/ demolished instead of the 80% 20/ payment being made to him at the present time. Mr. K czan, Demolition Chairman, concurred that this payment should be made according to the 90/ formula where there is no question of slabs and sidewalks and where the Inspector has given approval to the final work. Mr. Sucher stated that Site Representative, Mr. Spoonhour, will e in South Bend April 18, 1962 and the question of` slabs, sidewalks, and debris interpretation can be made at th's time. Mr. B'elicki reported an operating income, as of March, RELOCATION in re at amounting to $17,868.80: After-expenses there REPORT is a Burplus of $9,755.85 to date. January through INDIANA R -7. March shows a net loss in-operation of-$501:34. Delin_._._. quent rental accounts amount to a total of $5,157.97. This epresents a reduction of delinquent rent from the previ us quarter. -3-