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counsel, wh <br />closed pure <br />Project, R- <br />Mr. Kompar. <br />DHUD concur <br />value. Res <br />these minut <br />5. <br />a. The <br />terest earn <br />Treasury bi <br />investment <br />President s <br />this office <br />ch authorizes bid acceptance offer from the undis <br />aser of the last tract of land,in Sample Street <br />upon the motion by Mr.- Louis, seconded by <br />The purchaser will be revealed upon receipt of <br />ence, since the offer is below-the latest appraised <br />lution 129 is attached and hereby made a part of <br />S. <br />staff has prepared an updated summary of the in- <br />ad on short term loans through the purchase of U.S. <br />Lls. The total interest earned since the very first <br />mtil December 31, 1965, is $88,335.89, which the-, <br />tid is evidence of good money management within <br />b. The County -City Building architect has been very coop- <br />erative in iealing with the Redevelopment staff requirements <br />and is now giving us additional office space to allow for a <br />conference room and - increased staff.personnel. The Redevelop- <br />meat Departnent will be located on the..12th floor. in the new <br />building. 4r. Louis asked about how much-the rent would be, <br />which is unknown at this time. <br />6. NEW BUSINESS <br />The Commission approved the investment of $75,000 from Project <br />Expenditures Account Fund R- 29,'Chapin Street Project, for 60 <br />days in''U. . Treasury Bills, upon -the motion by Mr. Louis, <br />seconded by Mr. Kompar. <br />7. PROGRESfi REPORTS <br />INTEREST EARNED <br />ON SHORT TERM <br />LOANS <br />COUNTY -CITY <br />BUILDING OFFICE <br />SPACE <br />INVESTMENT FOR <br />60 DAYS, R -29 <br />A. LaSalle Park Project, R -57. The Commission signed the - LASALLE PARK <br />Loan and Grant Contract and is awaiting Chicago DHUD execu- R -57 <br />tion. A pr liminary overall schedule of operation will be <br />drafted by he next regular Commission meeting. The Reloca- <br />tion Director has resurveyed the entire area in order to com- <br />plete data necessary-to formulate the overall schedule for <br />operation. The survey is of a confidential nature, listing <br />names of families and their income, but a summary sheet of this <br />survey is available to anyone. This survey will help to estab- <br />lish a priority list for rehabilitation. Mr. Maxwell has con- <br />tacted a to al of 103 families of the 300 homes scheduled for <br />rehabilitation. All of the 103 families are very cooperative <br />and want to rehabilitate. In cr der to establish a rehabilita- <br />tion schedule, the staff must determine three things: (1) will- <br />ingness to rehabilitate; (2) financial ability to rehabilitate; <br />and (3)=personal ability owners have to do own work.:- The ten <br />tative determination of the Redevelopment Department staff at <br />this time is that the northeast corner of the LaSalle Park <br />Project, along with the west side of the project, appear to <br />be the areas for priority, but not to the neglect of specific <br />requests fr m families in another area of the project. Other <br />-3- <br />