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V. RESOLUTION NO. 50 - continued.: _ :j ,__ <br />2 That the employment by.,..the Commission -.of Howard Bellinger as <br />Assistant Director commencing November 16, 1961, is approved. <br />Xh t h-is salary_for the fir.st..six months of employment be on <br />the basis of $8000 per annum and . that -:his-- .salary for the second <br />six months of employment be on the basis of $8500 per annum, <br />said employment to be conditioned upon satisfactory performance <br />of his duties. This resolution is given full retroactive <br />va idity to the date of employment of Howard Bellinger. <br />3. That the employment by the Commission of Gisella Nagy as book - <br />ke per commencing April 21, 1961, is approved. That hbr salary <br />be on the basis of $4,040 per annum. This resolution is given <br />full retroactive validity-to the dateof her employment. <br />On mot on made by Mr. Koczan, seconded by Mr. Williams,, the above <br />i <br />resolu ions were unanimously adopted. <br />VI. PROGRESS RE <br />On motion <br />made by Mr.. Williams,,. seconded. <br />by Mr,.. Koczan <br />INVESTMENT - ---, <br />and unanimously <br />carried, the Commission <br />approvedthe <br />IND.R -7 <br />investment <br />of $850,000 of Sample Street <br />Project Indiana <br />FUNDS <br />ds (private loan note proceeds).in,90 -D-day Treasury <br />R�7 f+ <br />Notes. The Agreement Form Concerning Investments was <br />also a proved by the Commission. <br />Mr.. Sucher reported to the Commission that federal-.._ LASALLE <br />approval and advance in the amount of $18,850 has PARK <br />been authorized by the Urban Ren.ewal.Administration APPROVAL <br />for the LaSalle Park General Neighborhood Renewal <br />Project. <br />The Ccmmission advised Mr:.-Sucher to get informal bids OFFICE <br />on painting the South Bend_Redevelopment Commission PAINTING <br />Offices at 129 W. Colfax Avenue. BIDS <br />Mr. Baer was advised by the Commission to write to PARCEL <br />Lt. James Kanouse of the Kanouse Coal Company, Parcel 1 -1 <br />1 -1, Sample St. Area - Project Indiana R -7, requesting <br />that he accept a reduction of $500 from the previous <br />offer of $4,284.45 for subject property, inasmuch as <br />the d molition contractor complained that certain steel <br />raili gs were removed prior to the property being turned <br />over o him for demolition. <br />