RM 02-03-66 - Laserfiche WebLink

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c. M Chong reported that.1,163,000 square 'feet have now 64% OF R -7 been sold in the Sample Street Project, R -7, representing 65% of aiNOW SOLD all prof t land for development. 6. a. The Commission approved the motion.made by Mr. Helmen, PUBLIC HOUSING seconded_ by Mr. Kompar, that the North Central Appraisal Company SITE APPRAISAL updated appraisal for the Chapin Street Project Public Housing R -29 Site be accepted. The appraisal is confidential at this time. b. The Commission voted to approve the investment of $46,119.1 in,U. S. Treasury Bills for 10 months, from the Urban Redevelopment Bond Redemption Fund. The money will be refunded- - at 4.58% interest, due November -301 1966. Motion was made by Mr. Louis, seconded by Mr. Kompar. c. M . Richard A. XuC%A sel, Jr. did appraisal work and made cause testimonies for the Sample Street Project, R -7, in 1963, but,has been negligent in filing claims until this time. Upon the motior of Mr. Kompar, seconded.by:Mr. Louis, the-Commission approved ayment of this claim as developed by -the Staff with former an present Commission attorneys, in the amount of $110. 7. NEW BUSINESS a. Ur-on receiving federal approval, the Redevelopment Department purchased the two buildings only on the property owned by Mr. Caras in the Sample Street Project. In order to demolish these buildings, the Staff secured two cost estimates. Rieth -Riley Construction Company, Inc., quoted $785.00 and includes the capping of the utilities. Ritaehard Brothers quoted $820.00 and does not include capping utilities. The Commission approved the motion of Mr. Helmen, seconded by- Mr. Louis, that the demolition contract be awarded to Rieth- Riley Construction Co., Inc:, subject to- review by the Redevelopment attorney and the Housing.and;Urban Development Department (HUD). b. It is necessary for the Redevelopment Commission to engage a court recorder for the taking of the minutes'of the Public Hearing-for LaSalle Park, February 14, 1966. No action'is required b the Commission, and -Mr. Chong has secured the services of Mrs. Ma querite Hutchinson, who also recorded the public hearing mi utes for the Chapin Street Project. c. Mr. Glenn Barbe, Assistant Director, has received two bid proposals by moving companies, both in the neighborhood of $350. The Commission approved the motion of Mr. Helmen, seconded bV Mr. Louis, that the move of the Assistant Director from Linco ' n Park, Michigan, to South Bend, Indiana, be effected and approvng the moving cost claims, subject to final state- ments, in �ccordance with the interview agreement. -4- INVESTMENT OF FUNDS IN U. S. TREASURY BILLS PAYMENT OF CLAIM, R -7 DEMOLITION AWARD TO RIEI RIETH -RILEY R -7 PUBLIC HEARING COURT RECORDER 2- 14 -66, R -57 L. GLENN BARBE MOVING COSTS'TO BE PAID