RM 04-19-62 - Laserfiche WebLink

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III. On me mows of ft APPROVAL OF CLAIMS (Continued) tion made by Mr. Koczan, seconded by Mr. Williams and unani- y carried, claims for payment totaling $14,480.88 and transfer nds amounting to $1,048.80 were endorsed by the Commission. IV. PROGRESS REPORT On m tion made by Mr. Helmen, seconded by Mr. Koczan and unanimously carried, the Commission approved the investment of approximately,$200,OOOin 90 -day U. S. Treasury Bills and approximately $200,OOOin 60 -day U. S Treasury Bills. This money is available from the 4879,000 which the Urban Redevelopment Department borrowed from the Chemical Bank New York Trust Company on a Preliminary Loan Note dated February 20, 1962, and is n t expected to be needed within the next 2 -3 months. Also invested will be approximately $175,000 from the Rede elopment District Capital Fund in 90 -day U. S. Trea ury Bills. On m tion made by Mr. Place, seconded by Mr. Koczan and unanimously carried, the Commission authorized the rayment of $10 from the Project Expenditures Account wherE supplementary title search has to be made on pare is located in the Sample Street Project Indiana R-7 rea. Mr. Sucher and Mr. Baer reported on a meeting with the Committee of 100 representatives about cooperating in connection with the sale of the Sample Street Project Indiana R -7 Area. It was agreed that the Redevelopment Department would reimburse the Committee of 100 for actual expenses, including travel, incurred in connection with promoting the Inner Belt Industrial Site. The Re- development Department will seek approval of HHFA on this arra Bement. The the the is i to b )mmission was informed that during a meeting with -ban Renewal's Field Staff it was determined.that :view •ofthe Central Area Renewal °Feasibility' Study its final stages in'HHFA's Chicago_office;.prior _ng forwarded to Washington for final approval.. -3- INVESTMENT OF FUNDS SUPPLEMEN- TARY TITLE SEARCH COMMITTEE OF 100 CENTRAL AREA STUDY