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URBAN REDEVELOPMENT FUND <br />Office Engineers, Inc. <br />4. COMMUNICAITIONS <br />a. Chicago DHUD ltr of <br />water mains by City <br />commence after June <br />prior approval. <br />b. Chic <br />Reha <br />and <br />The <br />for <br />$4,3 <br />loan <br />from <br />5. NEW BUSI <br />a. The C <br />of 3 parcels <br />the motion by <br />identified as <br />owned for bac <br />homeowner. <br />b. Mr. T <br />Application t <br />details of th <br />separation of <br />and demolitio <br />tive cost to <br />Mr. Chenney, <br />original Loan <br />authorizes ap <br />should not be <br />Application f, <br />c. Upon <br />Commission a <br />the LaSalle <br />and 29 -9. <br />d. Upon <br />Adoption of ti <br />Project, R -57, <br />seconded by RE <br />dated August <br />Total <br />GRAND TOTAL <br />May 26, 1967 concurs with installation of <br />Water Works, LaSalle Park, R -57. Work to <br />15, 1967, with Redevelopment Commission <br />o DHUD ltr of May 29, 1967, approved the first 312 <br />litation Loan for a family in LaSalle Park, Parcel 1 -29, <br />'s the fourth such loan to be approved within Indiana. <br />interest loan is held by FNMA in the amount of $10,000 <br />years, and includes the refinancing of this property for <br />and the remainder of $5,200 for rehabilitation. The <br />ctually lowers the monthly house expense for this family <br />106.12 to $103.35. <br />$ 245.90 <br />$ 245.90 <br />$391,064.14 <br />mmission approved Resolution 179 relating to acquisition_.. RESOLUTION 179, <br />y condemnation in the LaSalle Park Project, R -57, upon , CONDEMNATION, LA- <br />Mr. Helmen, seconded by Mr. Chenney. The parcels are SALLE PARK, R -57 <br />17 -3, 37 -1 and 31 -17, and the first two are county <br />tax purposes, while the third parcel involves a , <br />m Brademas, recently contracted to prepare the Amendatory <br />the Loan and Grant, LaSalle Park, R -57, explained the <br />subject application. The Amendatory provides for the <br />the sewer system, paving of certain alleys, acquisition <br />of additional properties, and the additional administra- <br />e incurred. Upon the motion by Rev. Kirk, seconded by <br />he Commission approved Resolution 180, which amends the <br />and Grant Application for LaSalle Park, R -57, and <br />ropriate filing. The Commission was told that there <br />any additional amendments to the Loan and Grant <br />r the LaSalle Park Project, upon Mr. Kompar's question. <br />he motion by Mr. Kompar, seconded by Mr. Helmen, the <br />roved execution of 3 option agreements for parcels in <br />rk Project, R -57, identified as follows: 43 -6, 8 -3 <br />,taff recommendation, the Commission approved the <br />ie revised Property Management Policy for LaSalle Park <br />dated June 2, 1967, with the motion by Mr. Helmen, <br />�v. Kirk. The original Property Management Policy is <br />8, 1966. The revision includes the establishment of <br />-3- <br />RESOLUTION 180, <br />AMENDATORY APPLI- <br />CATION, LOAN & <br />GRANT, LASALLE <br />PARK, R -57 <br />OPTION AGREEMENTS, <br />LASALLE PARK, R -57 <br />PROPERTY MANAGEMENT <br />LASALLE PARK, R -57 <br />