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in- the R-7 Project, we are disappointed in his slowness to act. He has had the documents for two weeks and he explained that his audit-or is on vacation. b. The Chicago URA office continues to stress that we should hire a full time disposition and real estate man. Also they have reminded us of their approval of our updating the reuse appraisals for rema:ning land to be sold in R-7, and they will not approve -us selling any more land until the appraisals have been updated. The Comm ssion approved the-motion made by Mr. Kompar, and ' seconded by Mr. Koczan that the two appraisers previously used, Real Est to Research Corporation and Mid-America Appraisal Corporat on, both of Chicago, be hired to revise their appraisals, each for a fee of $1,500, in conformance with the recommendation of the S R Group. C. interest as Parce a spur w made on was poin lower th 75.3 cen the medi agreed p 21 a. ownershi in the L 60 or 70 at the C remainin $1,750 w to the e: by Mr. K Contract Bend, to in the L parcel, b. area of nine (9) Ice, Mill the Bond at a lat( r. Heintzelman of United Beverage is now showing his in tracts that might have rail service available, such No. 3. The Studebaker Corporation previously owned ich could serve Parcel 3 and a further check will be vailability of.rail service from the spur track.- It. ed out the reuse appraisal updating would undoubtedly price for that tract, which is now appraised at s. We have not obligated ourselves with the cut in n as an entrace to Parcel No. l(a) which Mr. Heintzelman eviously to purchase. ur staff has recently been searching and recording data and legal descriptions of parcels to be acquired Salle Park R-57 Project. Information on the remaining parcels cannot be found by our -staff because of records urt House. The staff secured two proposals to have work completed by Abstract Companies., An amount of s budgeted to do this work which the staff did complete tent possible. Upon the motion of Mr. Kompar, seconded czan, the Commission approved that an Ownership-Data be awarded the Abstract and Title Corporation, South furnish legal descriptions of between 60 and 70 parcels Salle Park R-57 Project, at the rate of $1.00 per nd the total payment not to exceed $70.00. t is necessary to refinance the R-29-Project in the 660,000, subject -to some revision, for a period of ,nonth&which would bring it;:to.matdrity in August, 1966. er, Donadio and Ryan of Indianapolis, Indiana, will be Counsel. Formal action will come before the Commission r date. -3- R-7, REAL ES- TATE RESEARCH, MID-AMERICA TO UPDATE REUSE APPRAISALS. R-7, UNITED BEVERAGE NOW INTERESTED IN PARCEL 3. R-57. OWNER- SHIP DATA CON- TRACT AWARDED ABSTRACT AND TITLE CORP. R-29 PROJECT TO BE REFINANCED FOR NINE MONTHS.